Dalal Street is currently experiencing a flurry of share buyback activities, with prominent companies like Bajaj Auto Ltd and Wipro Ltd already having announced their repurchase plans. This trend is set to continue as several other Indian firms prepare to evaluate similar proposals in the coming days.
Upcoming Board Meetings for Share Buyback Plans
Three companies, Zydus Lifesciences Ltd, Dhanuka Agritech Ltd, and Team Lease Services Ltd, have scheduled board meetings to consider share buyback proposals. Zydus Lifesciences and Dhanuka Agritech's boards are set to convene on Tuesday, May 19, 2026. Team Lease Services' board will meet the following day, Wednesday, May 20, 2026. These meetings will also include the announcement of their respective quarterly results for the period ending March 31, 2026.
Zydus Lifesciences Ltd: Financial Outlook
For the March 2026 quarter, PL Capital projects Zydus Lifesciences' sales to reach Rs 6,888 crore, marking a 5.5% year-over-year increase. However, Ebitda is anticipated to decline by 23% year-over-year to Rs 1,667.4 crore, with margins contracting to 24.2%. Net profit is expected at Rs 873.3 crore, down 25.4% year-over-year. The brokerage maintains an 'accumulate' rating with a target price of Rs 1,020, citing weak US sales despite growth in Medtech and Comfort click consolidation.
Dhanuka Agritech Ltd: Performance Expectations
Anand Rathi estimates Dhanuka Agritech's revenue for the quarter at Rs 466.9 crore, a 5.6% increase year-over-year. Ebitda margin is forecast at 24.8%, and net profit is projected to be Rs 77.5 crore, up 2.6% year-over-year. The firm holds a 'buy' rating on the stock, setting a target price of Rs 1,350.
Team Lease Services Ltd: Analyst Projections
HDFC Securities forecasts Teamlease's quarterly revenue at Rs 2,955 crore, a slight sequential dip of 1.9%. Consolidated margin is expected at 1.6%, driven by HR services, with core and specialized staffing margins remaining stable. Adjusted net profit may see an 11% sequential fall to Rs 55.1 crore. While specialized staffing is expected to benefit from GCC demand, general staffing associates are predicted to decline. HDFC Securities has downgraded the stock to 'add' with a target price of Rs 1,500.
Balmer Lawrie & Company Ltd Rejects Buyback Proposal
In contrast to the companies considering buybacks, the board of Balmer Lawrie & Company Ltd, a Miniratna-I diversified Public Sector Enterprise, met on May 17, 2026, and rejected the proposal for a share buyback. The board also declined proposals for a stock split and bonus issue. However, the company did announce a dividend of Rs 4.25 per share for its shareholders for FY26. Balmer Lawrie reported a 5.53% year-over-year rise in net profit to Rs 245.68 crore and an 8.03% increase in revenue from operations to Rs 2,784.60 crore for the March 2026 quarter.