Stove Kraft Limited has informed the Exchange that Board of Directors at its meeting held on May 12, 2026, recommended Final Dividend of Rs. 3.5 per equity share.
STOVEKRAFT · price
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On the reaction day the stock moved 4.9 pts less than Nifty Microcap 250 and 4.3 pts less than its Household Appliances peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.
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Stove Kraft Limited reported FY26 revenue of Rs. 16,074 million, up 10.9% from Rs. 14,498 million in FY25. PAT grew 9.1% to Rs. 420 million with EPS of Rs. 12.69. Q4 revenue was Rs. 4,145 million, up 32% year-on-year. The Board recommended a final dividend of Rs. 3.50 per share (35%) subject to shareholder approval at the September 2026 AGM. CFO Ramakrishna Pendyala resigned effective May 15 and will be replaced by Subhadeep Pal. The company expanded its ESOP pool from 813,000 to 10,25,000 options and granted 46,915 options to employees. Auditors gave an unmodified (clean) opinion, though they included an emphasis of matter on ongoing Income Tax Department assessments for multiple years with pending tax demands of Rs. 245.3 million.
The consistent revenue and profit growth with a clean audit is positive for investor confidence. The dividend and ESOP expansion signal management's optimism, though shareholders should note the unresolved income tax disputes and CFO transition as factors to monitor.