Board approves final dividend of Re.0.20/- per equity share of RS. 10 each subject to approval of shareholders at the forthcoming AGM
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Mitsu Chem Plast's board recommended a final dividend of Rs. 0.20 per share (2% on Rs. 10 face value) for FY2026, subject to shareholder approval at the AGM. The company reported strong full-year results with revenue of Rs. 350.17 crore, up 5.4% from Rs. 332.28 crore in FY2025. Profit after tax more than doubled to Rs. 15.62 crore from Rs. 7.25 crore, while EPS improved significantly to Rs. 11.50 from Rs. 5.39. Total assets grew to Rs. 217.86 crore from Rs. 195.46 crore. The statutory auditor issued an unqualified audit opinion.
The doubling of PAT and EPS signals strong operational performance, which could be positive for the stock. The consistent small dividend (same amount as prior year) reflects a stable payout policy, though the dividend yield remains low given strong earnings growth.