The Board of Directors recommended a dividend of Rs.6/- per equity share of Re.1/- each.
ISGEC · price
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ISGEC Heavy Engineering's Board recommended a dividend of Rs.6 per share (600% on face value of Re.1) for FY 2025-26, subject to shareholder approval at the AGM. The total dividend outflow will be approximately Rs.44.1 crore based on 7.35 crore shares outstanding. This represents an increase from Rs.3,674 lakh dividend paid in the previous year. The company's standalone net profit for FY26 grew to Rs.34,675 lakh (up 18% YoY) and consolidated profit before tax stood at Rs.32,431 lakh. Other outcomes from the meeting include Rs.25 crore capex for steel castings capacity expansion and a corporate guarantee of up to Rs.6,550 lakh for JV/subsidiary Isgec Titan Metal Fabricators.
The dividend increase signals strong financial health and cash generation. The 600% payout on Re.1 face value translates to attractive yield if the stock trades below Rs.200, making it appealing for income-focused investors.