The Board of Directors at their meeting held on 17-05-2025 recommended divided of Rs. 2/- pear equity share.
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Solitaire Machine Tools announced audited FY25 results with revenue from operations of Rs. 22.50 crores, up about 8% from Rs. 20.87 crores in FY24. Profit before tax grew roughly 28% to Rs. 3.14 crores from Rs. 2.46 crores, while basic and diluted EPS jumped about 30% to Rs. 5.16 from Rs. 3.97. The Board has recommended a final dividend of Rs. 2 per share (20% on face value of Rs. 10), subject to shareholder approval at the AGM scheduled for June 28, 2025. Statutory auditor K C Mehta & Co LLP issued an unmodified (clean) opinion on the results. The Board also appointed a new Secretarial Auditor for five years and a new Internal Auditor for FY26.
The strong earnings growth and healthy 20% dividend are positive for shareholders, while the rise in borrowings (debt more than doubled to about Rs. 5.56 crores) is worth monitoring even though the overall debt-to-equity ratio stays below 0.3.