Recommended Final Dividend of Rs. 1.25 per Equity Share of Rs. 10/- each for Financial Year ended March 31, 2026 subject to approval of Shareholders at the ensuing AGM.
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Parmeshwar Metal Ltd's Board has recommended a final dividend of Rs. 1.25 per share (12.5% on face value of Rs. 10) for FY2026, pending shareholder approval at the AGM. The company reported strong financial performance with revenue from operations jumping 43% year-on-year to Rs. 19,729.42 Lacs, while profit after tax more than doubled to Rs. 3,249.37 Lacs from Rs. 1,097.80 Lacs in the prior year. EPS increased from Rs. 9.03 to Rs. 21.23. The dividend payout amounts to approximately Rs. 19.13 Lacs, representing less than 1% of PAT — indicating the company is retaining most earnings for growth. The dividend is in addition to any interim dividends, if any.
The dividend is modest given the company's massive profitability jump, suggesting management is prioritizing capital retention for expansion following their January 2025 IPO. Shareholders may see this as a conservative payout but the strong underlying earnings growth is positive for the stock.