Board Recommended a final dividend @ 24% i.e. 2.40/- per equity shares of Rs. 10/- each for the financial year 2025-26 subject to the approval of shareholders at the ensuing AGM
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Prakash Pipes Limited's Board recommended a final dividend of 24% (₹2.40 per share) for FY 2025-26, pending shareholder approval at the AGM. Combined with an interim dividend of 10% (₹1 per share) already paid, the total annual dividend is 34% (₹3.40 per share) — up 42% from the previous year's 24% (₹2.40 per share). Despite this increased payout, the company's profit after tax for FY26 fell to ₹43.26 crore from ₹83.10 crore in FY25, a 48% decline. However, Q4 FY26 showed improvement with 31% YoY growth in PAT to ₹13 crore. The company operates in PVC Pipes & Fittings and Flexible Packaging segments, with full-year net sales of ₹789 crore.
The dividend increase despite lower profits signals the board's confidence in sustaining shareholder returns and may provide a positive signal for income-focused investors. The stock could see support from dividend-conscious buyers, though the profit decline warrants caution.