Precision Wires India Limited has informed the Exchange that Board of Directors at its meeting held on May 17, 2025, recommended Final Dividend of 0.50 per equity share.
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Precision Wires India reported strong FY25 results with revenue from operations rising about 21.6% to Rs. 4,01,483 lakhs (vs Rs. 3,30,169 lakhs in FY24) and profit after tax up roughly 23.6% to Rs. 9,004 lakhs (vs Rs. 7,285 lakhs). EPS for the year stood at Rs. 5.04 versus Rs. 4.08. The Board recommended a final dividend of Rs. 0.50 per share (50% on face value of Re. 1), taking the total FY25 dividend to Rs. 1.15 per share along with two interim dividends of Rs. 0.35 and Rs. 0.30 paid earlier. The Board also approved a preferential allotment of 13.83 lakh equity shares and 27.67 lakh convertible warrants at Rs. 151 per share to three non-promoter investors, a Rs. 125 crore term loan from HDFC Bank, and an increase in overall borrowing limit from Rs. 1,500 crore to Rs. 2,500 crore. Expansion projects are progressing, with total winding wire capacity targeted at around 61,000 MT per year once all phases are completed by FY27.
For shareholders, the robust earnings growth and continued dividend payout are positives, while the Rs. 151 preferential allotment price sets a recent reference value for the stock. The higher debt limits and ongoing capex signal aggressive growth plans, which could lift future capacity but also raise leverage. Existing shareholders may see mild dilution once warrants are converted.