Smallcap Auto Stock Declares 800% Final Dividend, Ex-Date In 3 Days: Check Details

Maharashtra Scooters Ltd. (Mah. Scooters) has announced a final dividend of 800%, on April 25 11, 2022. The company's ex-dividend date is today, on June 30, 2022, and its record date has been fixed by the board on July 1, 2022.

Mah Scooters' current market price stood at Rs. 3,765.00 surging by 1.06% last traded today. The 52-week high level of this stock is Rs. 5,050, and the 52-week low level of this stock is Rs. 3,311. In the past 6 months, its stock price has fallen by only 0.49%, in the past 1 year its stock price has fallen by only 0.77%, amid a bearish market condition. But, in the past 5 years, the stock's price has surged by 102.41%. So, it can be a good pick for the investors. It is a smallcap company with a market capitalization of Rs. 4,271 crore.

According to data available with NSE, in Q4 FY22, the company's Total Income stood at Rs. 591 lakh, as against Rs. 559 lakh in the previous quarter. The company's Profit before tax (PBT) was reported at Rs. 223 lakh, as against Rs. 445 lakh in Q3 FY22. Additionally, its Net Profit stood at Rs. 157 lakh, as against Rs. 330 lakh in the earlier quarter.

Maharashtra Scooters Ltd. was incorporated in 1975 and started to manufacture the Priya brand of motorized geared scooters. Subsequently, the company started to manufacture Bajaj Super / Bajaj Chetak models of scooters. However, later it took a gradual shift in consumer preferences from geared scooters to motorcycles and discontinued production of geared scooters.

A dividend is known as a reward that is offered by a listed company to its shareholders if it makes a significant amount of profit in the recent quarters or fiscal. It is mainly offered to attract new investors. However, eventually, the existing shareholders also benefit from it.

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