The Board of Directors have recommended a dividend of Rs. 19/- per equity share of Rs. 5/- each for the financial year ended March 31, 2026.
GRINDWELL · price
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Grindwell Norton Ltd's Board has recommended a dividend of Rs. 19 per equity share (380% on face value of Rs. 5) for FY ended March 31, 2026, subject to shareholder approval at the AGM on July 24, 2026. The company posted strong results with standalone net profit growing 14.4% to Rs. 4,126 crore (from Rs. 3,608 crore), while consolidated net profit rose 12.3% to Rs. 4,168 crore. Standalone EPS increased from Rs. 32.59 to Rs. 37.27. Total income grew 10.8% to Rs. 3,121 crore on standalone basis. The record date for determining dividend entitlement is July 10, 2026, with payment targeted for July 28, 2026. The company maintains a healthy dividend payout, consistent with its previous year's dividend of Rs. 19 per share.
The consistent dividend declaration reflects the company's stable cash generation and financial health. For shareholders, this represents a direct return on investment, though the dividend yield remains modest given the likely premium valuation of the stock.