Multibagger Stock To Pay Rs 8 Dividend Soon, Scrip Up Over 100% YTD

Ksolves India is a small cap IT company that recorded a market cap of Rs 1,047 Cr during Friday's closing session. Ksolves India Limited is a leading software development firm and is a publicly listed corporation on the Bombay Stock Exchange (BSE) and the National Stock Exchange (NSE), the two oldest stock exchanges in Asia.

Ksolves India has informed stock exchanges that a meeting of the Board of Directors is scheduled to be held on Saturday, June 24, 2023, inter alia to: approve the date and time of the 9th Annual General Meeting of the company, to consider and approve the Annual Report of the company for the financial year 2022-23 and to fix the record date for the purposes of the Annual General Meeting and final dividend of Rs.8 per share for FY 2022-23 to be paid by the company, subject to the approval of shareholders in the ensuing general meeting.

KSolves India has announced an equity dividend of 235.00% at a face value of Rs 10, or Rs 23.5 per share, for the fiscal year ended March 2023. The dividend yield at the current share price of Rs 885 is 2.66%. The latest dividend issued by KSolves India was 235.00% for the fiscal year ending March 2023. Ksolves India Ltd. has issued 7 dividends since February 2, 2021, according to data from Trendlyne. Ksolves India Ltd. announced an equity dividend of Rs 15.50 per share over the last 12 months. This provides a dividend yield of 1.76% at the current share price.

The company's consolidated net sales in the March 2023 quarter were Rs 22.74 crore, up 59.89% from Rs 14.23 crore in the corresponding quarter in the previous year. According to the company, its consolidated net profit increased by 66.06% YoY to Rs 7.34 Cr during Q4FY23 from Rs 4.42 Cr during Q4FY22. Ksolves India's EPS for the quarter that ended in March 2023 was Rs 6.19 as opposed to Rs 3.73 in the same quarter last year.

On Friday the shares of Ksolves India closed on the BSE at Rs 885 apiece up by 0.71% from the previous close of Rs 878.80. The stock touched a 52-week-high of Rs 955.35 on (19/05/2023) and a 52-week-low of Rs 356.65 on (26/12/2022). The stock has gone up from Rs 422.75 to the current market price during the last year, generating a multibagger return of 109.44%, and on a year-to-date basis, it has climbed from Rs 439.15 to the current market price, generating a multibagger return of 101.62% so far in 2023.