BCL Industries Share : A Notable Success in the Edible Oil Sector
BCL Industries Share: In the dynamic world of business, it’s not often that a company consistently delivers remarkable returns to its investors. One such outstanding performer is BCL Industries, a firm primarily involved in the edible oil trade. Over the past three years, it has gifted its stakeholders with an impressive return exceeding 1500%. To put this in perspective, BCL Industries’ share price was hovering around INR 31 on March 27, 2020. Fast forward to today, and the stock price has catapulted to over INR 500.
BCL Industries Share: From March 2020 until now, the company has not only ensured its steady growth but has also returned a staggering profit of approximately 1508% to its investors. Riding on this success, BCL Industries has now decided to split its shares. Currently, the face value of the company’s stock stands at INR 10, which is set to be divided into a face value of INR 1. In simpler terms, this would mean that each existing share will be divided into ten separate shares. As an illustration, investors holding 10 shares of the company will, post-split, possess 100 shares. The stipulated date for this division is October 27. Those investing in the company’s stocks up until October 26 will be eligible for the benefits of this split. Notably, this isn’t the first time BCL Industries has rewarded its investors. Back on October 12, 1992, the company had announced a bonus at a 1:1 ratio, effectively giving investors an additional share for each one they held.
Diving Deeper into BCL Industries
BCL Industries operates in the FMCG sector, producing vegetable ghee, refined edible oils, and other related products. But their portfolio doesn’t end there. The company also ventures into the liquor and real estate sectors. Recent reports suggest a potential pivot in their business strategy, with a heightened focus on their distillery business. In alignment with this, the company board has greenlit the transformation of the Bathinda Oil Unit into the Bathinda Distillery.
However, success stories are often paired with occasional hurdles. On a recent Monday, the company’s shares witnessed a dip of about 3.5%. By the end of trading hours on the BSE, the shares settled around INR 502. The current market capitalization of BCL Industries is approximately INR 1250 crores, categorizing it as a small-cap company. In the last five years, the firm has shown a robust growth rate of 376%. Over a decade, the stock has exhibited a rise of up to 3500%. Most commendably, following the setback due to the global pandemic, the company made an impressive comeback, with the stocks giving a 1500% return in just three years.
