Massive Dividend of Rs. 30: To Be Paid By 18th February; Big Gains Ahead?

The firm Wendt (India) Limited (WIL) produces precision parts, ultra abrasives, and grinding and honing equipment. It is a joint venture between Carborundum Universal Ltd (CUMI) and Wendt GmbH. Wendt India is well-known for its excellent and varied product portfolio, innovative approach, robust product development, technological solutions in grinding, and personalised technical assistance for its more than 750 direct clients in the Indian market.

Wendt Dividend

The Board of Directors has "declared an interim dividend of 300% i.e. Rs. 30/- (Rupees thirty only) per equity share (on a face value of Rs. 10/-) for the year ending 31st March 2025. The Record Date for determining the members eligible to receive aforesaid interim dividend is Tuesday, 28th January 2025. In the case of shareholders opting for NECS/ECS, the dividend would in the normal course be credited to their accounts by Tuesday, 18th February 2025. In the case of shareholders opting physical mode of payment, the same will be dispatched by Tuesday, 18th February 2025," said the company in a stock exchange filing.

Wendt Financials

Compared to the same quarter last year (YoY), the company's standalone sales for the quarter ending December 31, 24 was Rs. 4790 lakhs, a 3% drop. The quarter that ended on December 31, 24 saw domestic sales of Rs 3544 lakhs, an 8% decrease from the same period the previous year. During the quarter that concluded on December 31, exports totalled Rs. 1246 lakhs, a 13% increase over the same period the previous year. The current quarter's Profit After Tax (PAT) is Rs. 787 lakhs, a 14% decrease from the same quarter last year (YoY). With a PAT of Rs 2582 lakhs, 2% less than the same time last year, the company's total sales for the nine months ending December 31, 2024, were Rs 14221 lakhs, 1% more than the same period the previous year. The company's sales for the current quarter were Rs. 5267 lakhs on a consolidated basis, which is 3% less than the same quarter last year (YoY). The PAT for this quarter was Rs. 822 lakhs, which is 14% less than the same quarter last year. With PAT of Rs 2659 lakhs, 4% less than the same time last year, the company's total sales for the nine months ending December 31, 24th, were Rs. 15620 lakhs, 1% more than the same period the previous year.

Wendt Share Price Target

"Wendt India is bearish and very oversold on the Daily charts with next support at 12081. Investors should buy only if the Daily close is above the resistance of 13100 that could lead to a target of 14000 in the near term," commented A R Ramachandran, Independent Research Analyst.

Disclaimer

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