Large Cap Auto Ancillaries Stock To Pay 75% Interim Dividend, Check Record Date

Bharat Forge Ltd is India's largest automotive forging company for manufacturing and exporting automotive components and leading chassis component manufacturer in the world. The company has fixed record date to pay interim dividend on November 14, 2022. The record date is 25 November, 2022. The interim dividend shall be paid on or before December 13, 2022. Check key takeaways below:

1. Bharat Forge To Pay Interim Dividend

The board of directors of Bharat Forge said in the regulatory filing, "This is to inform you that the Board of Directors of the Company in its Meeting held on Monday, November 14, 2022 have considered, approved and took on record the following: "Declared an interim dividend of Rs 1.50 per equity share of the face value of Rs. 2 each of the Company (at the rate of 75%). The interim dividend shall be paid on or before Tuesday, December 13, 2022 to the equity shareholders of the Company, whose names appear in the Register of Members of the Company or in the records of the Depositories as beneficial owners of the shares as on Friday, November 25, 2022 which is the Record Date fixed for the purpose."

The company is scheduled to announce its standalone and consolidated results today.

2. Bharat Forge Latest Financial Results

The net profit of Bharat Forge fell 46% to Rs 145 crore in the quarter ended September 2022 as against Rs 271 crore in the last quarter ended September 2021. Meanwhile, sales of the company surged 28% to Rs 3076 crore in the quarter ended September 2022 as against Rs 2385 crore during the last quarter ended September 2021.

3. Bharat Forge Stock Outlook

The current market price of the stock is Rs 860 apiece with an intraday decline of 3.01%. The stock's 52-week high is Rs 896 apiece and 52-week low is Rs 595 apiece, respectively. The company has a market capitalisation of Rs 40,065.67 crore as of writing the report.

4. Bharat Forge Return

The stock has given a return of 24% in the last 5-years, 97% in last 3-years, and 11% in last 1-year. The stock has jumped 15% in last 1-month.

5. Bharat Forge About

The company has global footprints with ten manufacturing locations spread across India, Germany, Sweden, France and North America. Bharat Forge is a preferred Technology & Engineering driven development partner and global leader in metal forming we serve several sectors including Automotive, Railways, Aerospace, Marine, Oil & Gas, Power, Construction and Mining. It is the world's largest forging company and amongst one of the best aerospace forging companies and automotive forging company.

Disclaimer

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