16% i.e. Rs 1.6/Share Dividend: Will Be Paid By 24th January 2025, Record Date 19th Dec; BUY?

One of South East Asia's largest makers of vermicelli is Bambino Agro Industries Limited. It belongs to the diverse Bambino Group, which has a stake in fast-moving consumer goods. Mr. Kishan Rao Myadam established Bambino Agro Industries Limited, a Hyderabad-based business, in 1982. After Bambino Agro Industries set December 19, 2024, as the record date for the upcoming dividend, the company's shares wrapped up Friday 1.58% higher on the BSE at Rs 385.80 per share, with a market capitalisation of Rs 308.98Cr.

Bambino Agro Dividend

"The Board of Directors recommended a final dividend on equity shares at the rate of (16 %) i.e. Rs 1.60/- per Equity Share of face value of Rs 10/- each for the Financial Year ended on 31st March, 2024, subject to approval of the Members at the AGM, the dividend will be paid on or before 24th January, 2025 to the Members whose names appear on the Company's Register of Members as on the Record Date and in respect of the shares held in dematerialized mode, to the Members whose names are furnished by National Securities Depository Limited and Central Depository Services (India) Limited as beneficial owners as on that date. The Company has notified closure of Register of Members and Share Transfer Books from 20th December, 2024 to 26th December, 2024 (both days inclusive) for determining the names of member(s) eligible for dividend on Equity Shares, if declared at the Meeting," said Bambino Agro in a stock exchange filing.

Bambino Agro Financials

In the September 2024 quarter, the company's revenue from operations was Rs 108.19 crore, rising 3.65% from Rs 104.38 crore in the September 2023 quarter. In Q2FY25, its net profit was Rs. 3.64 crore, a 24.32% drop from Q2FY24's Rs. 4.81 crore. In the September 2024 quarter, EBITDA was Rs. 9.84 crore, up 0.1% from Rs. 9.83 crore reported in the same quarter of the previous fiscal.

Bambino Agro Share Price Target

"Bambino Agro stock price is bearish on the Daily charts with strong resistance at 394. A Daily close below support of 375 could lead to a target of 340 in the near term," said A R Ramachandran, Independent Research Analyst.

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