Taparia Tools is a company traded on BSE, has announced to pay a dividend of 775% to its share holders. This means, if you own shares in the company, you will receive a payment of 775% of the share price. Taparia tools has also announced date on which this payment will be made, which is known as the record date. Currently, taparia Tools share price on BSE is around Rs 10.50 and the record date i.e. 16 march 2023 has passed. (Updated on 8 April 2023)
Taparia Tools, a penny stock listed on the Bombay Stock Exchange (BSE), has announced an interim dividend of 775% per equity share with a face value of Rs 10. This means that each share will receive a dividend of Rs 77.5. The company's shares are currently trading at Rs 12 on the BSE. The announcement was made through an exchange filing by the company.
The company has set March 16 as the record date for determining which shareholders are eligible to receive the 775% interim dividend for the 2022-2023 financial year. The dividend will be paid on 30,35,750 equity shares with a face value of Rs. 10 each, totaling Rs. 23,52,70,625. The dividend will only be paid to shareholders whose names appear in the Register of Members on the record date.
It's worth noting that Taparia Tools has a positive history of providing dividends to its investors, having paid approximately Rs 250 since December 2021. The company, which operates in the capital goods industry and is ISO-9001 accredited, has a market capitalization of just Rs 3.19 crore. Taparia Tools began producing hand tools in 1969 through a technical partnership with a Swedish company.
According to a report by Ze Business channel, Taparia Tools has a free-float of approximately 30.35 lakh shares, with promoters holding nearly 70% of the total shares. The remaining shares are held by the promoters' companies and relatives, which means that almost 94% of the shares are held by promoters.
In terms of financial performance, the company recorded a revenue of Rs 471 crore and profit of Rs 24 crore in FY2019. However, in FY2020, the revenue remained almost the same at Rs 472 crore but the profit declined to Rs 31 crore. In the following fiscal year, the revenue increased to Rs 536 crore while the profit rose to Rs 48 crore.
In December 2022, Taparia Tools reported a net sales figure of Rs 193.32 crore, indicating a 2.37% increase from Rs 188.85 crore in December 2021. Additionally, the company's net profit for the December quarter stood at Rs 19.29 crore, up from Rs 18.10 crore in the same quarter of the previous fiscal year.
Taparia Tools Share Price BSE, Taparia Tools Dividend 2023 Record Date: Taparia Tools has announced to pay 775 per cent interim dividend to its shareholders. Taparia Tools has also fixed the record date for dividends. Taparia Tools share price BSE is Rs 12.
