Penny stock under Rs 12 announces Rs 77 dividend per share; check ex-date and record date | Taparia Tools share price BSE

Taparia Tools Share Price BSE, Taparia Tools Dividend 2023: Penny stock Taparia Tools has declared a whopping 775 per cent interim dividend per equity share to its shareholders. The shares of the small cap company currently trades at Rs 12 on BSE.

According to an exchange filing by the company, the company will pay 775 per cent dividend per equity share bearing a face value of Rs 10. This translates into Rs 77.5 per share.

Taparia Tools Dividend 2023 Record Date

The company has also fixed the record date for determining the eligibility of the shareholders for the payment of dividend. The record date is March 16.

“Considered to pay Interim Dividend for the F.Y. 2022-2023 @ 775% on its 30,35,750 Equity Shares of Rs.10/- each amounting to Rs. 23,52,70,625/- to be paid to those Shareholders whose names appear in the Register of Members on the Record date i.e. 16/03/2023.”

Taparia Tools Dividend History

Notably, the company has a good record of paying dividends to its investors. The company has paid dividends of around Rs 250 since December 2021. 

Taparia Tools has a market cap of just Rs 3.19 crore. The company works in the capital goods industry. An ISO-9001 accredited company, Taparia Tools started manufacturing hand tools in 1969 in technical collaboration with a Sweden firm.

The company has a free-float of around 30.35 lakh shares. Around 70 per cent of the total shares are with promoters. The remaining are with the promoters’ companies and relatives, according to a Ze Business channel report. It means that almost 94 per cent of the shares are held with promoters.

In FY2019, the company’s revenue stood at Rs 471 crore and profit at Rs 24 crore. In FY20, the company’s revenue was Rs 472 crore while declined to Rs 31 crore. In the next fiscal, the revenue increased to Rs 536 crore and profit to Rs 48 crore.

Meanwhile, in December 2022, Taparia Tools reported net sales at Rs 193.32 crore, an increase of 2.37 per cent from Rs 188.85 crore in December 2021. The company’s quarterly net profit stood at Rs 19.29 crore in the December quarter as against Rs 18.10 crore in the same quarter last fiscal.

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