Multibagger penny stock under Rs 45 jumps after the company announces record date for 26% DIVIDEND

DSIJ Intelligence-1 / 02 Sep 2025/ Categories: Dividend, Multibaggers, Penny Stocks, Trending

The stock is up by 27.2 per cent from its 52-week low of Rs 33 per share and has given multibagger returns of 750 per cent in 5 years.

BCL Industries Limited informed that the Board of Directors of the company has recommended a final dividend of 26 per cent, i.e., Re 0.26 (Rupees Twenty-six paisa Only) per equity share on the paid-up capital of the company as on the record date (i.e. September 19, 2024) meant for this purpose.

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Earlier, the company secured a letter of acceptance to supply 59 lakh litres of Extra Neutral Alcohol (ENA) to Rajasthan State Ganganagar Sugar Mills from its Bathinda distillery over the next six months. Separately, it has increased its stake in Pioneer Industries Private Limited, an agri-processing company in Punjab, by acquiring an additional 69,70,000 equity shares for about Rs 30.8 crore. This acquisition raises its total holding from 4.36 per cent to 19.57 per cent.

About the Company

Incorporated in 1975, BCL Industries Limited, a Mittal Group agro-processing company, stands as one of India's largest manufacturers with strong expertise in grain procurement. Its diverse business portfolio spans the edible oil & vanaspati sector, real estate development, and a prominent distillery segment. In the distillery business, the company is a notable grain-based ethanol producer, active in both ENA (Extra Neutral Alcohol) and IMIL (Indian Made Indian Liquor) markets, offering popular country liquor brands such as Green Apple Vodka and Punjab Special Whisky.

According to Quarterly Results, the total income increased by 10.2 per cent to Rs 822.33 crore and the net profit increased by 21.5 per cent to Rs 33.48 crore in Q1FY26 compared to Q1FY25. In its annual results, the net sales increased by 32 per cent to Rs 2,909.60 crore in FY25 compared to Rs 2,200.62 crore in FY24 while the net profit increased by 7 per cent to Rs 102.85 crore in FY25 compared to Rs 95.91 crore in FY24.

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In Q1FY26, DIIs took a fresh entry and bought 1,46,000 shares or 0.05 per cent stake. The company has a market cap of over Rs 1,200 crore with a PE of 12x whereas the industry PE is 33x. The stock is up by 27.2 per cent from its 52-week low of Rs 33 per share and has given multibagger returns of 750 per cent in 5 years.

Disclaimer: The article is for informational purposes only and not investment advice.