BOC Kenya Limited Overview and Performance

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BOC Kenya Limited is a leading industrial gases and welding equipment supplier in Kenya. Founded in 1978, the company has a long history of providing high-quality products and services to various industries.

BOC Kenya Limited is a subsidiary of BOC Limited, a global leader in industrial gases and welding equipment. The company has a strong presence in Kenya, with a wide range of products and services that cater to various industries.

The company's performance has been impressive, with significant growth in revenue and profitability over the years.

Ownership and Structure

BOC Kenya Limited is owned by BOC Holdings, which holds a significant 65.38% stake in the company.

BOC Holdings is a wholly owned subsidiary of the Linde Group, indicating a strong connection to the global market.

The remaining 34.62% of the company is held by Institutional & Private Investors at the NSE, a diverse group of shareholders.

Here's a breakdown of the shareholding structure:

Ownership

Credit: youtube.com, Introduction to Ownership Structure | Eqvista

The ownership structure of a company can be a complex and fascinating topic. The shares of BOC Kenya plc are listed on the NSE, trading under the symbol BOC.

BOC Holdings is the largest shareholder of BOC Kenya plc, holding a staggering 65.38% of the company's stock. This is a significant stake, and one that gives BOC Holdings a great deal of influence over the company's decisions.

The remaining 34.62% of the company's stock is held by Institutional & Private Investors at NSE. This diverse group of investors brings a range of perspectives and expertise to the table.

Here is a breakdown of the company's stock ownership:

BOC Holdings is a wholly owned subsidiary of Linde Group, which gives Linde Group a significant indirect stake in BOC Kenya plc.

Executive Committee

The Executive Committee of BOC Kenya Limited is responsible for overseeing the company's operations. James Njoroge serves as the Chief Operating Officer, a position he's held since 1993.

Ruth Ngobi is the Corporate Secretary, a role she's been in since 2012. She's 64 years old.

Here's a brief overview of the Executive Committee members:

Board Composition

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The Board of Directors at BOC Kenya Limited is comprised of three members, each with a unique background and experience.

Cosima Wetende has been a Director/Board Member since February 29, 2016, and is 51 years old.

Stephen Maina has been a Director/Board Member since May 31, 2018, and is 55 years old.

Joseph Ramashala has been a Director/Board Member since September 12, 2021, and is 56 years old.

Here is a summary of the Board of Directors:

Business and Operations

BOC Kenya Limited's business operations are diverse and have been growing steadily over the years. The company's specialty chemicals revenue reached 1.54B in 2023.

The company has a strong focus on atmospheric gases, with revenue in this segment reaching 601M in 2022. However, this revenue dropped to 0 in 2023.

BOC Kenya Limited also generates revenue from service and other revenue streams, which reached 402M in 2022. This revenue stream has been consistent over the years, but the exact figures for 2023 are not available.

Consider reading: 5 Years

Credit: youtube.com, Business wrap || BOC Kenya issues profit warning

In addition to these revenue streams, the company also generates revenue from the production and sale of gases and welding products. This revenue stream was 1.1B in 2020 and 1.38B in 2021, but the exact figures for 2022 and 2023 are not available.

Here is a breakdown of BOC Kenya Limited's revenue streams over the years:

Financial Performance

BOC Kenya Limited has reported stable profits for the end of 2020, with 655 million KES in revenues, up from the 442 million KES from June 2020.

The company's operating income has also seen a significant increase, jumping to 109 million KES from just 11 million KES in the previous period.

A total of 19.5 million shares were outstanding at the time of analysis, contributing to the company's total market capitalisation of 1.37 billion KES.

BOC Kenya Limited's net income for the period was 87 million KES, a notable achievement considering the previous period's net income was not specified.

Credit: youtube.com, Carbacid defends BOC Gas offer which is said to have been undervalued

The Price/Earning ratio of 13.44 and earnings per share of 5.21 KES indicate a potentially attractive investment opportunity for those looking to buy or sell BOC Kenya Limited stocks.

The current price for BOC Kenya Limited stocks on the Nairobi Securities Exchange (NSE) is 70.00 Kenyan Shilling (KES), making it a viable option for investors seeking to capitalise on the company's growth prospects.

Kristen Bruen

Senior Assigning Editor

Kristen Bruen is a seasoned Assigning Editor with a keen eye for compelling stories. With a background in journalism, she has honed her skills in assigning and editing articles that captivate and inform readers. Her areas of expertise include cryptocurrency exchanges, where she has a deep understanding of the rapidly evolving market and its complex nuances.

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