200% Dividend: Diversified Stock Set To Pay Rs 4/Share Dividend In March, Rallies 121% In 3-Yrs

Mid cap company from the Diversified sector, DCM Shriram Limited on February 27 declared interim dividend of Rs 4 per equity share of the face value of Rs 2/- each for the financial year 2023-24. The company fixed March 6, 2024 as the record date for interim dividend.

Last trading price of DCM Shriram shares on BSE is Rs 1003.35 apiece with intraday gain of 2.48%. DCM Shriram shares zoomed 19% in last 1-year. Check details below:

DCM Shriram Declares Dividend: As per the BSE filing of DCM Shriram dated Feb 27, 2024, “Board of Directors of the Company, at its meeting held on February 27, 2024 have inter-alia declared Interim Dividend for the financial year 2023-24 on the paid-up equity share capital of the Company, @ 200% (Rs.4 per equity share of face value of Rs.2/- each).

As already intimated vide our aforesaid letter, the Record Date fixed for the purpose of the said Interim Dividend shall be March 6, 2024. Further, the said Interim Dividend shall be paid/dispatched to all eligible shareholders on or before March 27, 2024.”

DCM Shriram Shares Performance & Return: The 52-week high price of DCM Shriram shares on BSE is Rs 1175.00 apiece and 52-week low price is Rs 730.05 apiece, The company has market capitalisation of Rs 15,646.47 crore. DCM Shriram shares soared over 11% in last 6-months, gained 121% in last 3-years, and zoomed 173% in last 5-years. The stock gained 1363% in last 10-years.

DCM Shriram Financials: The mid cap company for the quarter ended December 2023 declared its net sales at Rs 468.30 crore, down 18.46% as compared to Rs 574.33 crore in the corresponding quarter of last year.

It announced its quarterly net profit for December 2023 quarter at Rs 29.05 crore, up 156% as against Rs 11.32 crore in December 2022. The company declared the EBITDA at Rs 59.59 crore for December 2023 period, up 82.57% from Rs 32.64 crore in December 2022. The company’s EPS soared to Rs 3.34 in December 2023 from Rs 1.30 in December 2022.

About: DCM Shriram Ltd is a diversified Indian conglomerate whose business porƞolio spans across multiple sectors including Agri-business – Urea, Sugar, Ethanol, Farm Solution Business covering entire range of inputs, R&D based Hybrid Seeds.

Chlor-Vinyl Business – Caustic Soda, Chlorine, Aluminum Chloride, Calcium Carbide, PVC Resins, PVC Compounds, Power and Cement. And Value Added Business Fenesta Building Systems makes UPVC and Aluminium Windows & Doors.