The Board has recommended a final dividend of Rs. 6 per equity share to the shareholders for the FY 25-26
ULTRAMAR · price
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Ultramarine & Pigments Limited's Board has recommended a final dividend of Rs. 6 per equity share (face value Rs. 2 each) for FY 2025-26, subject to shareholder approval at the AGM. For FY 2025-26, standalone net profit grew to Rs. 7,587 Lakhs versus Rs. 3,038 Lakhs in the previous year, while consolidated net profit stood at Rs. 10,467 Lakhs. Standalone total income was Rs. 72,749 Lakhs and consolidated income was Rs. 77,477 Lakhs. The company also received Rs. 597 Lakhs as compensation from NHAI for compulsory acquisition of factory land and approved a Rs. 250 Crore pigment project (2500 MT capacity) at SIPCOT Industrial Park, Tamil Nadu.
The company has shown strong profit growth and declared a 3x dividend per share compared to typical patterns. However, without the current market price, the dividend yield percentage cannot be verified. The stock may see modest positive reaction given the earnings growth and cash generation.