Munjal Showa Limited has informed the Exchange that Board of Directors at its Meeting held on May 29, 2026, recommended the Final Dividend of Rs. 4.50/- per equity share.
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Munjal Showa Limited reported audited FY2025-26 results with total income of Rs. 13,349.72 lakhs, slightly up from Rs. 12,807.97 lakhs in FY2024-25. However, profit after tax declined 24% to Rs. 2,187.17 lakhs from Rs. 2,886.98 lakhs, impacted by Rs. 220.02 lakhs exceptional charge from new labour code provisions and Rs. 322.51 lakhs VRS separation costs. Basic EPS dropped to Rs. 5.47 from Rs. 7.22. The Board recommended a final dividend of Rs. 4.50 per share (225% on face value of Rs. 2), subject to shareholder approval at the 41st AGM on August 24, 2026. Book closure is from August 6 to August 24, 2026. The statutory auditors gave an unmodified opinion on the financial statements.
Despite a 24% decline in net profit, the company maintained its dividend payout at Rs. 4.50 per share, which signals management confidence. The decline in profitability due to one-time charges (VRS and labour code impact) is non-recurring, but shareholders should monitor if core earnings recover in FY2027. The stock may see neutral to slightly negative reaction given profit decline, though dividend continuity provides support.