Rs.7.50 Dividend Coming In April—Record Date Set; Watch Like A Hawk?

Elantas Beck India produces a variety of speciality chemicals for the building and electrical insulation sectors. The company is a member of the global specialty chemicals group ALTANA. On Friday, the shares of Elantas Beck India ended 1.59% lower at Rs 9739.80 per share with a market cap of Rs 7,721.40 Cr as the small cap chemical stock sets record date for its upcoming dividend.

Elantas Beck India Dividend

"The record date is Wednesday, 23rd April, 2025 for ascertaining the entitlement to dividend and for the purpose 69th AGM. The Board of Directors has recommended a Dividend of Rs.7.50/- per equity share of face value of Rs.10/- each (i.e. 75%), for the year ended on 31st December, 2024, subject to deduction of income tax at source as applicable. The recommended dividend, if approved by the shareholders at the 69th AGM scheduled to be held on Wednesday, 30th April, 2025, would be paid to those members whose names appear on Wednesday, 23rd April, 2025 in the Register of Members or in the Register of Beneficial Owners maintained by the depositories. Payment of the dividend, if approved by the shareholders at the AGM will be made on or before 29th May, 2025," said Elantas Beck India in a stock exchange filing.

Elantas Beck India Financials

According to Business Standard, Elantas Beck India's net profit dropped 19.62% to Rs 29.74 crore in the December 2024 quarter from Rs 37.00 crore in the December 2023 quarter. Compared to the quarter that ended in December 2023, when sales were Rs 173.83 crore, sales in the quarter ending in December 2024 climbed 13.31% to Rs 196.97 crore. The net profit for the entire year climbed 1.65% to Rs 139.56 crore in December 2024 compared to Rs 137.30 crore in December 2023. Compared to Rs 679.89 crore in the year ending in December 2023, sales improved 10.09% to Rs 748.51 crore in the year ending in December 2024.

Elantas Beck India Share Price Target

"Elantas Beck stock price is sideways to bearish on the Daily charts with strong resistance at 10195. A Daily close below support of 9452 could lead to a target of 8483 in the near term," commented A R Ramachandran, Independent Research Analyst.

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