1,000% Dividends Record Date Soon: Rs 14,900 Metal Company Gives 14.90% RoE Ahead Of Rs 14.5 Crore Dividends

Engaged in metal products, DISA India's share price will be in focus next week as it will turn ex-dividend for its first interim dividend payout of 1,000%. DISA is a multi-bagger with an upside of 150% in five years. The stock price is currently at Rs 14,900 per share with an average delivery volume of nearly 70%. Not just that its return on equity (RoE) is in the normal range to a staggering 14.90%.

DISA India Share Price:

On Friday, the stock price ended at Rs 14,900.50 per share, up by 0.63% on BSE with a market cap of Rs 2,166.84 crore. DISA is a small cap.

From its 1-year low of Rs 7,600.10 per share, the stock is currently up by 96% on BSE.

DISA India Interim Dividend:

As per the regulatory filing, DISA India last week approved the first interim dividend of a whopping Rs 100 per share (1,000%) having a face value of Rs 10 each for the financial year 2023-24. This dividend will be paid to the registered shareholders of the company as of the record date of February 16, 2024.

Hence, Disa's share will also turn ex-dividend on February 16.

The dividend payout amounted to Rs 14.54 crore. The said Interim dividend will be paid on or before March 6, 2024, within 30 days from the date of declaration.

DISA is a dividend paying stock and holds a good track record of payout for the last five years. In FY23. the company paid up to 1,100% dividend aggregating to Rs 110 per share.

At current market price, the company has a dividend yield of 0.74%.

DISA India Q3 Results:

On a consolidated basis, DISA posted a net profit of Rs 5.75 crore in Q3FY24, as against Rs 2.34 crore in Q3FY23 and Rs 8.31 crore in Q2FY24.

Meanwhile, revenue stood at Rs 61.04 crore in Q3FY24, as compared to Rs 52.76 crore in Q3FY23 and Rs 80.45 crore in Q2FY24.

About DISA India:

DISA develops and manufactures a complete range of metal casting production solutions for the ferrous and non-ferrous foundry industries. A long-standing tradition of innovation and accumulating knowledge from all over the world has consolidated DISA's global footprint and made the company a preferred partner that enjoys the trust and loyalty of foundries worldwide. In parallel to DISA's strong global presence under the Norican Group banner - with 2,000 employees in 50 countries on 5 continents and a customer base of more than 10,000 companies in 100 countries - DISA also has strong Danish roots - remaining committed to a 200-year tradition of Danish engineering and world-class expertise.

World-class engineering is what DISA delivers for foundries of all sizes who seek to expand their operations - whether their expansion is happening in the Americas, Europe, India, China, The Middle East or Russia, wherever they are in the world we will support them.

Disclaimer: The write-up just highlights the stock dividend and performances, and is not a recommendation to buy, sell or hold. We have not done fundamental or technical analysis and have no opinion on the stock mentioned. Neither, the author nor Greynium Information Technologies should be held liable for any losses. Please consult a professional advisor.