Precision Wires India Limited has informed the Exchange that Board of Directors at its meeting held on May 17, 2025, declared Select Dividend of Rs. 0.50 per equity share.
PRECWIRE · price
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Precision Wires India reported FY25 revenue of Rs. 4,015 crore, up about 22% from Rs. 3,302 crore last year, with net profit rising roughly 24% to Rs. 90 crore and EPS of Rs. 5.04 versus Rs. 4.08. Q4 revenue grew around 19% YoY to Rs. 1,046 crore and Q4 profit jumped about 35% YoY to Rs. 29.6 crore. The Board declared a final dividend of Rs. 0.50 per share, taking the total FY25 dividend to Rs. 1.15 per share (including two earlier interim dividends of Rs. 0.35 and Rs. 0.30). It also approved issuing 13.83 lakh equity shares and 27.67 lakh convertible warrants at Rs. 151 each to three non-promoter investors on a preferential basis, raised its overall borrowing limit from Rs. 1,500 crore to Rs. 2,500 crore, and took a Rs. 125 crore term loan from HDFC Bank. Expansion projects are progressing, with total winding wire capacity targeted at about 61,000 MT per year.
Strong FY25 earnings growth and a higher total dividend are positive for shareholders, while the large preferential allotment at Rs. 151 and a higher borrowing limit point to dilution risk and rising debt to fund capacity expansion, which may weigh on near-term sentiment.