Rs 82/Share Dividend: Mid-Cap Stock To Turn Ex-Dividend Next Week For 820%

Kama Holdings has business interests in education, real estate and investment through three wholly owned subsidiaries Shri Educare Limited, KAMA Realty (Delhi) Limited and SRF Transnational Holdings Limited. The company has announced an interim dividend of Rs 82 per share and the ex-dividend date is falling next week on 31 August 2023 as per the data of BSE. Due to the company's T+1 settlement type the record date is also falling on the same date.

Kama Holdings Dividend

"We wish to inform you that the Board of Directors at its meeting held today has declared interim dividend @ 820% i.e. Rs. 82 per share on the paid-up equity share capital of the Company. Dividend would be paid to members whose names appear on the Register of Members and the beneficial owners as per details received from National Securities Depository Limited and Central Depository Services (India) Limited, as on the Record Date i.e. Thursday, the 31st August 2023 which has already been communicated to Exchanges by letter dated 16th August, 2023. The date of payment of interim equity dividend will be Thursday, the 21st September, 2023," said Kama Holdings in a stock exchange filing on Wednesday, 23rd August.

Kama Holdings has announced an equity dividend of 1660.00% at a face value of Rs 10, or Rs 166 per share, for the financial year ended March 2023. The dividend yield at the current share price of Rs. 12290.00 is 1.35%. The company has a solid track record of dividend declarations during the past five years. According to statistics from Trendlyne, Kama Holdings Ltd. has issued 20 dividends since July 30, 2003.

Kama Holdings Financials

On a consolidated basis, the firm reported revenue from operations of Rs 3,362.63 crore in the June 2023 quarter, a decrease of 14.02% from Rs 3,910.93 crore in the corresponding quarter of the previous year. Its net profit for the first quarter of FY24 was Rs. 183.78 crore, down 40.67% from Q1 FY23's PAT of Rs. 309.74 crore. EBITDA was Rs. 711.61 crore in the June 2023 quarter, down 29.39% from Rs. 1,007.85 crore in the corresponding period the previous year, while Kama Holdings' EPS was Rs. 286.34 as opposed to Rs. 480.03.

Kama Holdings Share Price Target

KAMA HOLDING is a small company with a total market of Rs. Cr.7911 and its current PE is just at 6.31 whereas its sector's PE is 43.59 but this is not enough to take a decision. Its dividend Track record is better than its sectors. Its 52-week high is around 14600 and low is 11750 and its current market price is 12290. Now it's almost 1-year price has stuck in a very small range of 11700 to 13000. This stock is a real multi-bagger as from 235 it has witnessed 14600 in just 13 years. So, those who are willing to take a little risk can buy it in the range of 11800 to 12330 for targets 12950 to 18000. Keep stop loss at 10500 but, keep exposure limited in it if you plan to take it and follow stop loss strictly said V.L.A. Ambala (SEBI Registered Research Analyst), Stock Market Today (SMT).

AR Ramachandran from Tips2trades said, "Kama Holdings stock price has been sideways to bearish on the Daily charts in the range of 12000-12850. Till either range is breached on a Daily close basis, investors should avoid this stock."

Disclaimer

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