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.
PRECWIRE · price
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Precision Wires India reported strong FY25 results with revenue from operations rising about 22% to Rs. 4,01,483 lakhs (from Rs. 3,30,169 lakhs in FY24), and profit after tax growing roughly 24% to Rs. 9,004 lakhs (EPS of Rs. 5.04 vs Rs. 4.08). The Board recommended a final dividend of Rs. 0.50 per share on the Rs. 1 face value, taking the total FY25 dividend to Rs. 1.15 per share (two interim dividends of Rs. 0.35 and Rs. 0.30 plus this final). The company also approved a preferential allotment of 13.83 lakh equity shares and 27.67 lakh convertible warrants to three non-promoter investors at Rs. 151 per share, 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 the Silvassa 9,000 MT capacity already completed and the total winding wire capacity expected to reach about 61,000 MT per year after ongoing projects.
Positive set of announcements for shareholders: solid earnings growth, higher total dividend payout versus last year, and a clear capex pipeline funded partly by a Rs. 125 crore HDFC term loan. The Rs. 151 preferential allotment price serves as a useful valuation reference, though it will lead to some equity dilution once warrants are converted.