PATINTLOG (PATINTLOG): Buyback
Patel Integrated Logistics has submitted a post-buyback public announcement to the NSE, confirming the completion of its equity share buyback, according to the exchange filing dated 21 July. The company had earlier informed the exchange about the buyback programme on multiple occasions since early July, including an update that revised the buyback size by 10% to 54 lakh shares at ₹20 per share, down from an initial approval of ₹10.80 crore at ₹18 per share. A separate headline from TipRanks, published five hours ago, reports that the company completed a ₹10.8-crore equity share buyback.
Events like this have historically shown a 57.1% win rate across 42 comparable instances, with a net edge of 0.374%, according to Strota's base rate for post-buyback announcements. This base rate reflects how similar corporate actions have performed in the past across many stocks, not a forecast for Patel Integrated Logistics specifically.
The stock currently trades at a price-to-earnings ratio of 10.62 and a price-to-book ratio of 0.82, with earnings per share of ₹1.38 and a market capitalisation of ₹102 crore. The dividend yield stands at 2.05%. The Nifty declined 0.39% on the session.
The filing confirms the buyback's completion and the company's regulatory compliance. It does not establish whether the buyback price represented a premium to prevailing market rates, nor does it indicate management's future capital allocation plans or the specific number of shares ultimately tendered.
The catalyst
Submission of Post Buyback Public Announcement for Buyback of Equity Shares of the company (filing · NSE)
What the data shows after this event
Across Strota's backtest of past filings, Buyback tends to continue — the move went bullish in about 57.1% of next sessions (net 0.374% after drift and cost, n=42). A base rate, not a forecast for this stock.
PATINTLOG right now
P/E 10.62. Full PATINTLOG analysis →
Sources
- Submission of Post Buyback Public Announcement for Buyback of Equity Shares of the company — NSE
- Patel Integrated Logistics Completes ₹10.8-Crore Equity Share Buyback — TipRanks
- Enterprise value to EBIT forward of Patel Integrated Logistics Ltd. – NSE:PATINTLOG — TradingView
- Patel Integrated Logistics Revised Buyback: Size Cut By 10% To 54 Lakh Shares At ₹20 — Sahi
- Patel Integrated Logistics approves ₹10.80 Cr share buyback at ₹18 per share price — Sahi
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