The Board of Directors in its meeting of date ie 29.05.2026 recommended a final dividend of Rs. 500/- (Rs. Five Hundred) per equity share of Rs. 100/- each for the financial year ended 31.03.2026
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The Board of Directors recommended a final dividend of Rs. 500 per equity share of Rs. 100 face value for FY ended March 31, 2026, subject to shareholder approval at the AGM. The total dividend outflow amounts to approximately Rs. 1,537 lakhs, representing a significant increase from Rs. 1,229 lakhs paid in the previous year. Standalone net profit grew 20% to Rs. 1,943 lakhs (vs Rs. 1,617 lakhs), while consolidated net profit was Rs. 5,190 lakhs, heavily supported by share of profit from associate ISGEC Heavy Engineering (Rs. 4,902 lakhs). The dividend represents an extremely high payout relative to the face value, indicating strong cash generation and a shareholder-friendly policy. The EPS on standalone basis is Rs. 632.
This is an extremely generous dividend declaration representing 500% of face value, signaling robust profitability and cash reserves. The 25% increase in total dividend payout year-over-year is positive for shareholder returns. The stock should be attractive for income-focused investors given the high absolute dividend.