Rs 95/Sh Dividend: M&M Group Stock Set To Trade Ex-Dividend For Highest Ever Dividend

Small cap company operating in Engineeering sector, Swaraj Engines shares will trade ex-dividend on June 28, 2024 for highest ever dividend of Rs 95 per share. Last trading price of Swaraj Engines share price on BSE is Rs 3053.05 per share with intraday gain of 4.98%. Swaraj Engines shares hit fresh 52-week high on June 21, 2024. The zero-debt burden company has a market capitalisation of Rs 3708.62 crore. Swaraj Engines shares zoomed jumped 21% in last 2-weeks and soared 96% in last 2-years. Check important details below:

Swaraj Engines Dividend: As per the BSE filing of Swaraj Engines issued as on April 18, 2024, "The Board, while approving the annual accounts, has recommended an equity dividend of 950% (Rs. 95 per share) for the financial year ended 315t March, 2024."

Swaraj Engines Dividend History: Swaraj Engines announced 32 dividends since July 18, 2000. In last 1-year, Swaraj Engines announced an equity dividend amounting to Rs 92.00 per share. At the current share price of Rs 3053.05, Swaraj Engines offers dividend yield of 3.01%.

Swaraj Engines Share Performance: The 52-week high price of Swaraj Engines Ltd share on BSE is Rs 3070.00 per share (as on 21/06/2024) and 52-week low price is Rs 1902.45 per share (as on 09/10/2023), respectively. Swaraj Engines shares offered return of 27% in last 6-months, gained 45% in last 1-year, surged 77% in last 3-years, and gave return of 120% in last 5-years.

Swaraj Engines Q4: The company announced its sales for the quarter ended March 2024 at Rs 350.96 crore, down 2.45% as against Rs 359.79 crore announced in march 2023. Its quarterly net profit for the quarter ended March 2024 declared at Rs 35.18 crore, up 0.63% as against Rs 34.96 crore announced in March 2023. EBITDA OF Swaraj Engines declared at Rs 51.26 crore for March 2024, down 0.81% as against Rs 51.68 crore in March 2023. The EPS of Swaraj Engines soared to Rs 28.96 for March 2024 quarter from Rs 28.79 in March 2023.

About: Swaraj Engines Limited ("SEL") was set up in 1985 in Mohali, Punjab and is primarily engaged in the business of supplying engines to the Swaraj Division of Mahindra & Mahindra Ltd. (M&M). SEL is into manufacturing and supplying of diesel Engines in the range of 22 HP to above 65 HP. The company is equipped with highly productive & precise quality analyzing machines. It is also manufacturing hi-tech engine components, according to its official website.

Disclaimer:

The stock highlights the dividend 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.