Highest-Ever Rs 90/Share Dividend Recommended; Check Record Date & Stock Price

As of Friday's closing session, Industrial and Prudential Investment Company Limited, a small-cap company in the financial services industry, has a market capitalization of Rs 930 Cr. Established more than a century ago, Industrial & Prudential Investment Co. Ltd. is headquartered in Kolkata. The firm has released its financial results for the quarter and year that ended on March 31, 2024, along with the Board of Directors' proposal for a 900% dividend with a face value of Rs 10.

Industrial and Prudential Investment Company Dividend

"The Board of Directors at its Board meeting has recommended a final dividend of Rs 90/- (subject to deduction of tax at source) i.e 900% per equity share for FY 2023-24. The dividend as recommended by audit committee and subsequently approved by the Board of Directors of the Company is subject to the approval of the shareholders at the Annual General Meeting (AGM). The final dividend would be paid within 30 days from the date of declaration at the AGM. For the purpose of payment of dividend, the date of Annual General Meeting (AGM) for the financial year ended March 31, 2024 and the record date shall be fixed and intimated to the stock exchange in due course," said the company in a regulatory filing.

Industrial and Prudential Investment Company Results

The company had revenue from operations of Rs. 0.58 crore for the quarter ending March 2024, a drop of 10.81% from Rs. 0.65 crore for the same period in 2023. Its net profit for Q4FY24 was Rs. 12.12 crore, down 10.2% from Q4FY23's Rs. 13.50 crore. EBITDA for the firm climbed by 14.29% to Rs. 0.32 crore in the quarter under review from Rs. 0.28 crore in the same quarter of FY23. Net profit for the entire year jumped by 10.60% to Rs 49.46 crore in the fiscal year that ended in March 2024 from Rs 44.72 crore in the fiscal year that ended in March 2023. Sales fell 16.67% to Rs 6.05 crore in FY24 from Rs 7.26 crore in FY23.

Industrial and Prudential Investment Company Share Price History

On Friday, the shares of Industrial and Prudential Investment Company ended 2.31% lower at Rs 5545 apiece. The stock's 52-week-high level was marked at Rs 5,889.40 on (22/04/2024) and a 52-week-low high level was recorded at Rs 1,880.00 on (08/05/2023). In the last 1 year, the stock has generated a multibagger return of 184.45% and on a YTD basis, the scrip has gained 27.02% so far in 2024.