Board Recommends dividend
STOVEKRAFT · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Stove Kraft Ltd reported audited FY2026 results with revenue from operations at Rs 16,074.24 million, up 10.9% from Rs 14,498.17 million in FY2025. Profit after tax stood at Rs 419.91 million, growing 9.1% from Rs 385.05 million. Basic EPS improved to Rs 12.69 from Rs 11.65. The Board recommended a final dividend of Rs 3.50 per equity share (35%), payable after shareholder approval at the September 11, 2026 AGM. CFO Mr. Ramakrishna Pendyala resigned effective May 15, 2026, succeeded by Mr. Subhadeep Pal from May 16, 2026. Statutory auditors Price Waterhouse Chartered Accountants LLP were reappointed for a second five-year term. The company also expanded its ESOP pool and granted 46,915 options to employees.
Revenue and profit showed modest double-digit growth. Dividend of Rs 3.50 per share offers ~35% yield based on current price levels. CFO transition and ongoing Income Tax Department proceedings (emphasis of matter) may attract investor attention.