Mahindra Group Stock To Pay Hefty Rs 104.50 Dividend In July: Record Date In The Last Week of June; Buy Now?

Producing diesel engines, engine parts, and spares, mostly for Swaraj tractors, is the area of expertise for Indian company Swaraj Engines Limited (SEL). Engines for Swaraj tractors have been provided by SEL, a division of Mahindra & Mahindra Ltd., since 1985.

Swaraj Engines Dividend

The Board of Directors has recommended an equity dividend of 1045% (Rs.104.50 per share) for the financial year ended 31st March, 2025.

"We hereby withdraw the information related to Book Closure dates i.e. from Saturday, 28th June, 2025 to Friday, 4th July, 2025 (both days inclusive) and hereby inform that Friday, 27th June, 2025 is fixed as the Record Date for purposes of determining the Members eligible to receive the dividend, if declared by the shareholders and also for the purpose of ensuing Annual General Meeting ('AGM') to be held on Tuesday, 15th July, 2025. The dividend, if declared at the AGM, will be paid/dispatched by the Company in permitted modes after Tuesday, 15th July, 2025 within the stipulated timelines," Swaraj Engines said in a regulatory filing.

Swaraj Engines Upcoming AGM

"The Register of Members and Share Transfer Books of the Company will remain closed from Saturday, 28th June, 2025 to Friday, 4th July, 2025 (both days inclusive) for the purpose of determining the Members eligible to receive the dividend, if declared by the shareholders at the ensuing Annual General Meeting ("AGM") scheduled to be held on Tuesday, 15th July, 2025. The dividend, if declared at the AGM, will be paid/dispatched by the Company in permitted modes after Tuesday, 15th July, 2025 within the stipulated timelines," Swaraj Engines has informed stock exchanges.

Swaraj Engines FY25 Financials

With net operating sales of Rs 1,681.89 crore, Swaraj Engines recorded an all-time high, up 18.5% from Rs 1,419.24 crore in FY24. The company's engine sales volume reached a record, delivering 168,820 units, up a strong 21.7% from FY24's 138,761 units. Regarding profitability, profit before tax jumped from Rs 184.97 crore to Rs 223.05 crore, and net profit climbed from Rs 184.97 crore to Rs 165.98 crore, a 20.4% year-on-year growth.
The board also authorized a significant capacity expansion, raising the yearly engine manufacturing capacity from 195,000 to 240,000 units in recognition of the growing demand. The Rs 220 crore capital expenditure is anticipated to be finished in 24 to 27 months and would be financed by internal accruals.

Swaraj Engines Share Price Target

"Swaraj Engines has bounced from its support near ₹3,900 but is still struggling to cross the ₹4,100 resistance zone. A breakout above ₹4,100 could lead to ₹4,250. On the downside, support lies at ₹3,850. The stock is in consolidation, and a decisive move above ₹4,100 is needed for fresh momentum. Traders may stay watchful and buy only on breakout," commented Riyank Arora, technical analyst at Mehta Equities Ltd.

Disclaimer

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