Board Approved Dividend Rs.15/- per Shares
GANDHITUBE · price
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Gandhi Special Tubes Ltd announced a dividend of Rs. 15 per equity share (300% on face value of Rs. 5) for FY2026, subject to shareholder approval at the AGM on August 12, 2026. The company also proposed a buyback of up to 8,68,100 shares (7.14% of paid-up capital) at Rs. 900 per share, totaling up to Rs. 78.12 crore. For FY2026, total income was Rs. 20,361.49 lakh and profit after tax was Rs. 6,836.43 lakh, compared to Rs. 18,443.40 lakh and Rs. 5,867.41 lakh respectively in FY2025. Earnings per share improved to Rs. 16.21 from Rs. 9.83. Promoters hold 73.53% stake and some promoter group members have indicated intention to participate in the buyback.
The dividend of Rs. 15 per share represents a 300% payout, signalling strong cash generation. The buyback at Rs. 900 per share provides a potential exit opportunity at a premium, likely supporting the stock price near-term. Improved profitability YoY indicates healthy business performance.