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baj~ CONSUMER CARE Des-eRO SSE limited !'hI Floor, New Trode Wing Rotundo Building. Phiroze Jeejeebhoy T.,o~ " Dalal Street Fori Mumboi 4OO:o.'~( FoxNo. 22 719/2037
Dear Sir/Modem.
Sub: Investor Presentation
Octo ber I I, 2019
Listing Compfionce Notional Sloek Exchange 01 India Lid. Elcchonge Ploza, 5" Floor Piol NO.ell. 'G'Block Bondra- Kurio Complex Bond ra Ea st MumbOl4OJ05 1 Fox No. 2659 8237/8238
Script Code: BAJAJCON
Please lind enclosed a copy 01 Investor Presentation for the QUOfIef ended September 30, 2019.
The $ome may pleose be loken on record ond suitably disseminated to a ll concerned.
Thanking you,
Yours foithfu lly. For BoJal Consumer Core limited
/57~' ~KaJnOlakl Head - legal .. Company Secretory MembelShlp No. ACS 14509
Enel: as above
--_ ... . ,--_ .... '" , ... _-_.-............. ---- _ . .. ..... _, .. , .... "'" ... ,.-..m,,,_ _ __ ---- ... ---~- " .. ,- ..... , ........... ' ,."..,
baj CONSUMER CARE DCS-CRD SSE limited First Floor, New Trade Wing Rotundo Bvilding, Phiwze Jeejeebhoy Towers 00101 Street, Fort Mumooi 400 023 Fox No. 2272 3719/2037
Script Code: 533229
Deal Sir/Madam.
Sub; InvestOl Presentation
October II, 20 19
listing Comp ITonce Nationa l Stock Exchonge of India Exchonge Plaza. 5"' Floor Plot NO.ell, 'G 'Sloek. Bandro- Kurio Comple Bondro Eost Mumbol 400 05
.'7',,37/ 8238
Pleose find enclosed a copy of Investor Presentotion for the Quarter ended September 30,2019.
The same moy please be loken on record and suitably disseminoted to a ll concerned.
Thanking you,
Yours faithfully, For BoJoJ Consumer Core limited
Heod - tegal t Company Sec retory Membership No. ACS 14509
Enel: 05 above
bajaj ~,~.9.~.~ ...
Investor PresentationQ2 – FY 2020Date: 11/10/2019
FLOW
• MARKET CONTEXT
• PROJECT VISTAAR
• INDUSTRY OVERVIEW
• FINANCIAL INFORMATION
2
Q2– MARKET CONTEXT
HAIROILS
• Hair Oils category grew by 5.9% in volume in MAT Sep 19, whereas value growth has been 11.6%.
• Hair Oil Category growth has slowed down in FY 19/20 , YTD Volume Growth Rate is 2.4% vs MAT Growth rate of 5.9%.
• Volume MS% of Bajaj Almond Drops is steady at 7.6% in MAT Sep 19 vs MAT Sep 18
• Value MS% of Bajaj Almond Drops dropped to 9.5% in MAT Sep 19 vs 9.6% in MAT Sep 18
• Strong Penetration increase in ADHO at 22% (MAT Jun 19) vs 18% (MAT Jun 18) with a 21% increase in Households
NOMARKS
• Antimarks category declined by 1.0% in volume and grew by 6.0% in value in MAT Sep 19
• No Marks MAT Sep 19 MS Value % is stable at 8.3%
3Source: Nielsen Retail Audit Report, Sep 2019, KWP IMRB Household Panel Report, June 2019
Stable ADHO MAT Vol Share in Urban India;Slight decline in Rural India
7.2 7.2 7.3 7.3 7.47.5
7.5 7.6 7.7 7.7 7.8 7.8 7.8 7.8 7.8 7.8 7.7 7.7 7.6 7.67.7 7.8 7.8 7.9 7.9
8.08.1 8.2 8.2 8.2 8.3 8.3 8.4 8.4 8.3 8.3 8.3 8.2 8.2 8.2
6.6 6.6 6.7 6.7 6.76.8 6.9 6.9 7.0 7.1 7.1 7.1 7.1 7.2 7.1 7.1 7.1 7.0 7.0 6.9
6.0
6.5
7.0
7.5
8.0
8.5
MATFEB18
MATMAR18
MATAPR18
MATMAY18
MATJUN18
MATJUL18
MATAUG18
MATSEP18
MATOCT18
MATNOV18
MATDEC18
MATJAN19
MATFEB19
MATMAR19
MATAPR19
MATMAY19
MATJUN19
MATJUL19
MATAUG19
MATSEP 19
All India (U+R) All India - Urban All India - Rural
4Source: Nielsen Retail Audit Report, MAT Sep 2019
Bajaj Cool Almond Drops - Early results are positive
5
• Bajaj Cool Almond Drops has the highest offtake amongst new launches in Hair oil ( 7 months since launch )
• Market Share of 1.0 % in cooling oilsSource: Nielsen Retail Audit Report, Sep2019
26 3656
42 33 36 2524
5679 83
121
78 84
31 25 19 20 26 21 11935
135163
147125
106
0
50
100
150
200
MAR19 APR19 MAY19 JUN19 JUL19 AUG 19 SEP 19
All India (U+R), Value offtake (lacs)
True Roots HnC Dry Fruit PACCO CAD
Enhancing Quantity and Quality of Distribution• Improving Quality and quantity of coverage through effective use of SFA
• Bajaj Almond Drops now available in over 40 lakh outlets
• Lowering of WS contribution from 60% to 33% over the last 2.5 years
6
Source: Nielsen Retail Audit Report, Sept 2019
Outlet no. in Lakhs 16-17 17-18 18-19 Q1 FY20 Q2 FY20
Nielsen Coverage 37.5 39.0 39.8 40.12 40.15
Direct Coverage 1.4 2.8 5.05 5.11 5.15
% of direct coverage 4% 8% 12.5% 12.7% 12.8%
GROWTH PILLARS INTO ACTIONWINNING IN MARKET – QUALITY & QUANTITY
Snapshot of Sales across Channels
General Trade:• Growth has been sluggish across channels
• Rural demand witnessing substantial sequential slowdown
• Wholesale holding volumes with higher inputs
• Urban Retail off takes have seen sharp decline
• Discretionary spends witnessing sharp drop across channels
Alternate Channel:• Modern Trade continued its strong growth at 19% for Q2
• Channels like E Commerce and Pharma grew by 97% and 42% respectively
• Nomarks brand showed a growth of 30%
• Started business in CSD from the month of August after a gap of 4 months
International Business:• Recorded 95% growth in Dubai region in Q2 of current year
• Business is growing rapidly with growth in H1 of current year at 110.32%
7
Project Vistaar– Test Market for Increasing Share
8
Q3 Plan: Continued emphasis on advertising, digital media and on-ground activation
Rural focused on-ground activation
Increased focus on digital media
Consistent focus on high SOV
Launch of new ad copy featuring local
celebrity
74%
66%
30%
0%
10%
20%
30%
40%
50%
60%
70%
80%
Bajaj Almond Drops Sep Nihar Naturals Jasmine Sep Hair & Care Dry fruit oil Sep
ADHO ad awareness is significantly higher than competition
91% of these respondents could correctly identify ADHO brand from the ad
A T L I N V E S T M E N T S
Source: Customized research done with Vox Populi
New 5s ad clip to increase awareness of ADHO 50 ml
11
• Highlights Price point Of Rs. 35
• “Nourishment for Month” in Just Rs. 35”
Significantly increased ATL spend since July with consistent and high Share of Voice
16%
A T L I N V E S T M E N T S
Jul’18 Jul’19 Growth
418 496 19%
415 497 20%
Aug’18 Aug’19 Growth
436 503 15%
423 516 22%
Note: Distribution numbers are only for focus SKUs
Project Vistaar: Primary and secondary sales have gone up in Q2 vs. LY
Sep’18 Sep’19 Growth
479 525 10%
454 530 17%
Overall ADHO
Primary sales
(Rs. Lacs)
Secondary sales
(Rs. Lacs)
AG
Q2’18 Q2 FY20 Growth
1,333 1,524 14%
1,292 1,543 19%
Overall ADHO
Primary sales
(Rs. Lacs)
Secondary sales
(Rs. Lacs)
July August September
Q2 FY19 Q2 FY20 Growth vs. YA
Vistaar Upside: Natural dip in sales in Q2 vs. Q1 has been offset by Vistaar initiatives
20%
Winning with IT Initiatives & AutomationH1 initiatives:
Business Intelligence Tool -Senior sales team of BCCL have been given a BI tool to see the dashboards on the go. This
will help sales leadership team in following areas:
❑ Data driven decision making❑ Sales KPI monitoring on regular basis❑ Single view of Primary and Secondary sales❑ Improve upon team’s productivity
HAPPAY – Travel expense automation toolTravel expense tool implemented for entire organization. This will help in following areas:
❑ Paperless claim❑ Speedy reimbursement❑ Better visibility of travel cost
Winning with IT Initiatives & Automation
SAP HANA and SAP Success Factor –Organisation has tied up with IBM as implementation partner for SAP HANA 1809implementation. The advantages SAP will bring:
❑ Real time data visibility❑ Increase efficiency❑ Single source of truth❑ Help in decision making❑ Innovation capabilities❑ Reduce data duplication
AI tool for front end sales –Doing pilot for Artificial intelligence tool for sales. This will have following advantages:
❑ Things to do today for front end team based on past data❑ Chat with bot for sales data analysis❑ Predictive sales trends for senior leadership
Planned H2 initiatives:
ORGANISATION STRUCTURE
Kushagra Nayan BajajChairman
Sumit MalhotraManaging Director
Ankit ChudiwalaHead - Internal Audit
Apoorv Nayan BajajExecutive President
Devendra JainHead - Supply Chain and Procurement
Makarand KarnatakiHead - Legal
Dipankar GhoshAssistant Vice President - Human Resources
Naresh GehlaudHead - Operations
Dilip Kumar MalooChief Financial Officer
Rajat GhoshHead - Sales
Abhishek PrasadHead - Marketing
He has been appointed as ManagingDirector of the company with effectfrom August 08, 2011. He holds abachelors degree in pharmacy from IIT- Benaras Hindu University, Varanasiand a PGDBM from IIM - Ahmedabad.He has over 31 years of experience inthe FMCG sector.
Joined BCCL in Feb 2017. He is aqualified Chartered Accountant(ICAI), Company Secretary (ICSI) andL.L.B (Government Law College,Mumbai), with 15 years of coreexperience in Internal Audit, RiskManagement, Financial Controllingand Managerial Finance.
Joined BCCL in Sep 2017. Makarand is Commerce and LawGraduate from Mumbai University and also a member ofInstitute of Company Secretaries of India. He has 20 years ofexperience and worked with organizations like Colgate-Palmolive (India) Ltd. & Godrej Agrovet Ltd.
Joined BCCL on Aug 2018. He is Fullbright Fellow and holds aMBA from Jadavpur University and has 20+ years ofexperience in organizations like Diageo & Tata Motors.
Joined BCCL on May 2018. He is an Electrical Engineer anda MBA in Marketing and has 23+ years of experience inorganizations like Emami & Marico.
Joined BCCL on May 2018. He holds a MBA from FMS,Delhi and has 20 years of experience in organizations likeReckitt Benkiser, Kraft Heinz & Pidilite.
Joined BCCL on April 2016. He is a PGDBM from IMT,Ghaziabad and has 21 years of experience in organizationslike Dabur and Britannia
Dharmesh SanghaviHead - IT
Dr. Suman MajumderHead – R&D
Joined BCCL on May 2019. He holds a Ph.D. in OrganicChemistry from Center of Advanced Studies, Kolkata andhas over 15 years of rich experience in various R&D rolein organizations like Avery Dennison India, L’oreal andUnilever.
Joined BCCL on Sep 2012. He is a computerEngineer and a diploma in BusinessManagement from ICFAI University,Dehradun and has 14 years of experience inorganizations like Yash Birla Group & TheLoot India (P) Ltd
Joined BCCL on Nov 2015. He is a Civil Engineer & MBA andhas 15 years of experience in organizations like GSK, Johnson& Johnson. & Dabur
Joined BCCL on April 1991. He is aqualified CA & CS professional and hasmore than 30 years of experience acrossFinance, Accounts, Taxation &Secretarial
Rohit SaraogiAssistant Vice President -Finance
Joined BCCL on Mar 2019. He is a commercegraduate from St. Xavier’s, Kolkata and aqualified CA & CS Professional and has 17 yearsof experience in organizations like Diageo India& Marico.
Winning with People• BCCL was conferred Maharashtra State’s “Best Employer Award” from World HRD Congress.
• BCCL won “Best Employee Engagement Practices” award during India Human Capital Summit & Awards 2019.
• An engaging Employee Townhall was organized on 9th August. Fireside Chat with MD, LeaderSpeak series,EmployeeSpeak series and half-yearly Rewards & Recognition celebration were key highlights of the event.
• In our pursuit of process enhancement, Rewards & Recognition framework was optimized to differentiate, recognize andreward outstanding performers. Three new R&R programs - My Child My Pride Super Achiever Award, MD’s Circle ofExcellence and Long Service Awards were introduced.
• Learning and Development:
‒ Established a comprehensive learning & development framework at organizational level
‒ Launched “Daksh”, a capability enhancement initiative for the front line Sales team
• Engagement:
‒ ‘Great Place To Work’ 2019 Survey results were cascaded to entire organization
‒ “Celebration” and “Developing” were identified as core Engagement tenet
INDUSTRY OVERVIEW
Industry Size and Structure
Light Hair Oils40,675 Tn2,044 Cr
FMCGRs. 3,97,003 cr
Hair CareRs. 25,562 cr
ShampooRs. 7,622 cr
(30%)*
Coconut OilRs. 4,520 cr
(18%)*
Hair OilRs. 8,261 cr.
(32%)*
Hair ConditionersRs. 695 cr.
(3%)*
Hair DyesRs. 4,464 cr
(17%)*
Amla Based Oils62,478 Tn2,065 Cr
VACNO33,807 Tn1,343 Cr
6% CONTRIBUTION
All India (U+R) MAT DEC 2018
*Others (5% vol contribution)6,040 Tn
664 Cr
Ayurvedic/ Herbal9,259 Tn1033 Cr
Cooling Hair Oils21,294 Tn1,113 Cr
25% 25% 17% 12% 14%
* Indicates Value Contribution to Hair Care21
57286981
7867 8676 9390 9928
1010311200
13168
6903
02000400060008000
100001200014000
10-11 11-12 12-13 13-14 14-15 15-16 16-17 17-18 18-19 YTDSep19
1113.9
16.3 18.1 18.1 18.8 19.2 20.524.2
12
0
5
10
15
20
25
30
10-11 11-12 12-13 13-14 14-15 15-16 16-17 17-18 18-19 YTDSep19
441594
746861 906 962 994 1069
1269
641
0200400600800
100012001400
10-11 11-12 12-13 13-14 14-15 15-16 16-17 17-18 18-19 YTDSep19
236 238 247 269 255 254 264 283309
157
050
100150200250300350
10-11 11-12 12-13 13-14 14-15 15-16 16-17 17-18 18-19 YTDSep19
Gro
wth
8
.7%
Hair Oil Market in IndiaOverall Hair Oil Market – Volume Overall Oil Market – Value
Almond Drops Hair Oil – Volume Almond Drops Hair Oil – Value
Hair Oils category shows lower Vol & Val growth at a YTD Sep 19 level than previous years.
Source: Nielsen Retail Audit Report, Sep 2019
(In
‘00
0 K
Ltr)
(Rs.
Cr.
)
(In
‘00
0 K
Ltr)
(Rs.
Cr.
)
Gro
wth
7
.4%
Gro
wth
3
.9%
Gro
wth
-0
.2%
Gro
wth
-5
.3%
Gro
wth
3
.9%
Gro
wth
5.7
%
Gro
wth
8.2
%
Gro
wth
10
.3%
Gro
wth
12
.7%
Gro
wth
25
.6%
Gro
wth
6.1
%
Gro
wth
5.3
%
Gro
wth
3.4
%
Gro
wth
15
.3%
Gro
wth
2.3
%
Gro
wth
3.5
%
Gro
wth
-0
.3%
Gro
wth
10
.9%
Gro
wth
17
.3 %
Gro
wth
8.5
%
Gro
wth
10
.9%
Gro
wth
7.1
%
Gro
wth
7.5
%
Gro
wth
16
.8%
Gro
wth
16
.9%
Gro
wth
1
8.1
%
Gro
wth
1.8
%
Gro
wth
1
.2%
Gro
wth
21
.9%
Gro
wth
26
.2 %
Gro
wth
34
.8%
22
Gro
wth
2.4
%
Gro
wth
6.6
%
Gro
wth
-3
.1%
Gro
wth
3
.8%
Market Shares Trends in Total Hair Oil Category (All India - Urban Plus Rural)
Volume MS Value MS
At MAT level, ADHO market share is steady
Source: Nielsen Retail Audit Report, Sep 2019 23
4.7%
5.8%
6.6% 6.7%7.1%
7.4% 7.3%7.8% 7.8% 7.6% 7.6%
0.0%
1.0%
2.0%
3.0%
4.0%
5.0%
6.0%
7.0%
8.0%
9.0%
10-11 11-12 12-13 13-14 14-15 15-16 16-17 17-18 18-19 MATSep18
MATSep19
7.7%8.5%
9.5%9.9% 9.7% 9.7% 9.8% 9.5% 9.6% 9.6% 9.5%
0.0%
2.0%
4.0%
6.0%
8.0%
10.0%
12.0%
10-11 11-12 12-13 13-14 14-15 15-16 16-17 17-18 18-19 MATSep18
MATSep19
Factory (9)
OWN – Himachal Pradesh -2, Uttarakhand- 1,
Guwahati 1
THIRD PARTY - Himachal Pradesh-2, Bangladesh-1,
Uttarakhand- 2
Central Warehouse (2)
Regional Distribution Centre (22)
Urban Distribution Rural Distribution
Redistribution Stockist
754
Retail Outlets
15,90,152
Super Stockist - 315
Sub-Stockist- 7800
Retail Outlets –
24,24,962
Distribution Network Distribution Structure
The company reaches consumers through 40.15 Million
retail outlets serviced by 8869 distributors
757
774
247
297
294
84
265
20
2381713
786
271
120
53
80
386
565
170233
121
72
04
317
08
1704
02
60
Total Stock Point (Direct + Indirect)
Registered Zonal Office
Regional Zonal Office
01
09
Strong Distribution Network
24
Source: Nielsen Retail Audit Report, Sept 2019
Financials
Sales Growth Q2 FY20Sales Vertical Salience%
Q2 FY20Growth Q2 FY20
Salience%Q2 FY20
Growth Q2 FY20
(Value) (Volume)
General Trade 84.43% 0.78% 85.02% -2.20%
Modern Trade 9.79% 19.11% 8.21% 14.04%
Total Domestic excluding CSD 94.22% 2.41% 93.23% -0.96%
Canteen Stores Department 3.04% 20.97% 3.41% 20.79%
Total Domestic 97.26% 2.91% 96.64% -0.32%
International Business 2.74% -5.60% 3.36% 2.95%
Total For the Company 100.00% 2.65% 100.00% Nil
• Sales growth driven by Modern Trade & CSD• Total growth for the company is 2.65% over Q2FY19
Sales Growth HY1 FY20Sales Vertical Salience%
HY1 FY20Growth
HY1 FY20Salience%HY1 FY20
Growth HY1 FY20
(Value) (Volume)
General Trade 87.07% 3.54% 87.59% 0.31%
Modern Trade 8.64% 19.81% 7.32% 13.63%
Total Domestic excluding CSD 95.71% 4.83% 94.91% 1.22%
Canteen Stores Department 1.45% -29.18% 1.64% -31.29%
Total Domestic 97.16% 4.08% 96.55% 0.41%
International Business 2.84% 91.92% 3.45% 110.32%
Total For the Company 100.00% 5.46% 100.00% 2.26%
• Sales growth driven by Modern Trade and IB business• IB business growth was on the back of soft base last year.• CSD was a set back as orders were not released due to name change from
Bajaj Corp to Bajaj Consumer in Q1FY20.• Total growth for the company is 5.46% over HY1FY19
Financial Information (Standalone)Summary Income statement Summary Balance Sheet
Particulars As on 30.09.2019
As on 31.03.2019(Rs. In Crore)
Shareholders Equity 601.34 485.12
Net Fixed Assets 53.15 55.40
Investments
(including Bank FDs, Bank CDs and Government Securities & Bonds)
523.68 400.62
Net Current Assets 24.51 29.10
ParticularsQ2FY20 Q2FY19 HY1 FY20 HY1 FY19
(Rs. In Crore)
Sales (Net) 211.19 205.74 443.66 420.70
Other Operating Income 5.90 6.99 13.68 13.43
EBITDA 63.61 61.93 135.51 132.43
EBITDA Margin 30.12% 30.10% 30.54% 31.48%
Profit Before Tax(PBT) 65.73 65.83 140.51 134.37
Net Profit after Tax 57.29 51.65 115.95 105.42
Net Profit Margin 27.13% 25.11% 26.14% 25.06%
Profit & Loss Quarter ended Sept. 30,2019 (Standalone)Rs. in Cr.
✓ With the change in corporate income tax rates, effective tax rate of the Company has reduced to 17.5% from21.5% resulting into increase in PAT by Rs. 5.73 Cr. for HY1FY20 (Rs.3.05 Cr for Q1FY20 & Rs. 2.68 Cr for Q2FY20)
Particulars Q2FY20 Q2FY19 YoY% HY1 FY20 HY1 FY19 YoY%Net Sales 211.19 205.74 2.65% 443.65 420.70 5.46%Other Operating Income 5.90 6.99 13.68 13.44Total Operating Income 217.09 212.73 2.05% 457.33 434.14
Material Cost 71.41 69.49 148.90 143.43 % of Sales 33.81% 33.78% 33.56% 34.09%
Employees Cost 20.28 24.05 41.67 46.13% of Sales 9.60% 11.69% 9.39% 10.97%
Advertisement & Sales Prom. 37.30 33.13 76.36 64.32 % of Sales 17.66% 16.10% 17.21% 15.29%
Other Expenses 24.49 24.13 54.89 47.84 % of Sales 11.60% 11.73% 12.37% 11.37%
EBITDA 63.61 61.93 2.71% 135.51 132.42 2.33%% of Sales 30.12% 30.10% 30.54% 31.47%
Other Income 6.54 7.12 12.51 8.29Finance Cost 1.70 0.22 2.07 0.48Depreciation 1.30 1.64 2.60 3.14Corporate Social Responsibility 1.42 1.36 2.84 2.72Profit Before Tax(PBT) 65.73 65.83 -0.15% 140.51 134.36 4.57%Tax Expenses 8.44 14.18 24.56 28.95 Profit After Tax(PAT) 57.29 51.65 10.93% 115.95 105.41 9.99%
% of Sales 27.13% 25.11% 26.14% 25.06%Other Comprehensive Income (net of tax) -0.10 -0.07 -0.10 -0.07
Total Comprehensive Income (net of tax) 57.19 51.58 10.88% 115.85 105.34 9.98%Basic & Diluted EPS (Rs.) 3.88 3.50 7.86 7.15
Performance over the last 14 quarters
1.8
0%
3.4
7%
-4.7
5%
-1.9
4%
-3.6
0%
3.8
4%
5.8
6%
5.0
1%
9.4
5%
1.0
1%
12
.50
%
11
.10
%
8.1
4%
2.6
5%
0.7
7%
-6.4
6%
-6.8
9%
-7.7
7%
5.0
9%
5.1
7%
5.8
6% 8
.68
%
-2.8
2%
7.0
0%
5.5
0%
4.6
6%
35.37% 34.82%33.44% 32.96%
31.51%
29.26%
35%34.08%
32.79%
30.10%
32.61% 33.17%
30.93%30.12%
-10.00%
-5.00%
0.00%
5.00%
10.00%
15.00%
20.00%
25.00%
30.00%
35.00%
40.00%
Q1FY17 Q2FY17 Q3FY17 Q4FY17 Q1FY18 Q2FY18 Q3FY18 Q4FY18 Q1FY19 Q2FY19 Q3FY19 Q4FY19 Q1FY20 Q2FY20
Gr(Value)
Gr (Vol)
EBIDTA
Change in Prices of Key Ingredients
✓The landed cost of LLP for the quarter decreased by 1.6% over corresponding Qtr.
✓The landed cost of RMO for the quarter increased by 0.7% over corresponding Qtr.
31
71.75 70.83 70.60 70.53
0
20
40
60
80
100
Qtr2 FY19 vs FY20 HY1FY19 v FY20
Am
ou
nt
(Rs.
)Per Kg Rates of LLP
88.59 87.13 89.23 88.66
0
20
40
60
80
100
Qtr2 FY19 vs FY20 HY1FY19 v FY20
Am
ou
nt
(Rs.
)
Per Kg Rates of Oil
Dividend Payout HistoryYear
No. of Shares(in Lacs)
Face ValueDividend Payout
(Rs in Lacs)% to Capital
Dividend per share(Rs.)
2018-19 1,475 1 20,650.00 1400% 14.00
2017-18 1,475 1 17,700.00 1200% 12.00
2016-17 1,475 1 16,962.50 1150% 11.50
2015-16 1,475 1 16,962.50 1150% 11.50
2014-15 1,475 1 16,962.50 1150% 11.50
2013-14 1,475 1 9,587.50 650% 6.50
2012-13 1,475 1 9,587.50 650% 6.50
2011-12 1,475 1 5,900.00 400% 4.00
2010-11 295 5 2,802.50 190% 9.50
