Hindprakash Industries Limited, through an official communication dated August 23, 2024, announced the record date for determining the eligibility of shareholders to receive the final dividend for the financial year ending March 31, 2024. The record date has been set for September 6, 2024, applicable to equity shares with a face value of ₹10 each.
The final dividend, if approved at the upcoming Annual General Meeting (AGM), will be disbursed to eligible shareholders within 30 days from the date of approval.
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Company Overview
Hindprakash Industries Limited was started in 2008. It is a well-known company in India. It has a strong presence in the chemical manufacturing industry. Over time, the company has gained a good reputation by providing a variety of products and services to its customers.
Business Overview
Hindprakash Industries focuses primarily on the manufacturing and trading of dyes, intermediates, auxiliary chemicals, and other merchandise. These products are essential in various industries, including textiles and pharmaceuticals, where they play a crucial role in production processes. The company’s diverse product portfolio allows it to cater to a broad range of industrial needs, ensuring its significant role in the market.
What is the latest update?
On August 23, 2024, Hindprakash Industries made an important announcement regarding the final dividend for the financial year ending March 31, 2024. The company has set September 6, 2024, as the record date to determine which shareholders are eligible to receive the dividend. This means that if you own shares of the company as of this date, you may be entitled to receive a dividend. The final dividend will be paid out within 30 days after it is approved at the company’s upcoming Annual General Meeting (AGM).
Read the official notification here
Recent Financial Performance
Hindprakash Industries recently released its financial results for the quarter ending in June 2024.
| Metric | Quarter Ended June 2024 | Quarter Ended June 2023 | % Change |
|---|---|---|---|
| Sales (₹ Crore) | 22.48 | 27.49 | -18.22% |
| Net Profit (₹ Crore) | 0.26 | 0.58 | -55.17% |
As shown in the table above, the company’s sales dropped by 18.22%, reaching ₹22.48 crore in June 2024, down from ₹27.49 crore in June 2023. Similarly, the net profit saw a significant decline of 55.17%, falling to ₹0.26 crore from ₹0.58 crore during the same period last year.
Key Financial Metrics
| Metric | Value |
|---|---|
| Market Cap | ₹ 174.62 Cr. |
| Price to Earnings (P/E) | 130 |
| Industry P/E | 41.2 |
| Price to Book Value (P/BV) | 3.13 |
| Industry P/BV | 2.09 |
| Return on Equity (ROE) | 3.37% |
| Return on Capital Employed (ROCE) | 7.02% |
| Return on Assets (ROA) | 1.86% |
| Debt to Equity | 0.45 |
With a market cap of ₹157 crore, has a higher valuation compared to its industry peers, as shown by its P/E ratio of 130 against the industry average of 41.2. The stock is also trading at a premium with a P/BV of 3.13 compared to the industry’s 2.09.
Also Read – What is Dividend? – Complete Guide in Simple Words
Stock Performance
| Time Period | Returns |
|---|---|
| All time | 48.90% |
| Past 5 Years | 48.90% |
| Past 1 Year | 26.37% |
| Past 1 month | -6.23% |
Shareholding Pattern
| Shareholder Category | Holding (%) |
|---|---|
| Promoters | 74.95% |
| Foreign Institutional Investors (FII) | 0 |
| Domestic Institutional Investors (DII) | 0 |
| Public | 25.06% |
Promoters own about 75% of the company, showing their strong confidence in it.
The Bottom Line
Hindprakash Industries Limited has announced an important date for shareholders, especially those looking forward to receiving the final dividend for the financial year 2023-2024. However, the company’s recent financial performance shows some challenges, with significant declines in both sales and net profit. Investors and stakeholders will be keeping a close watch on how the company navigates these challenges and whether it can bounce back in the coming quarters.
for more information, visit the official site
Disclaimer: This information is for educational purposes only and does not constitute financial advice. Always conduct your own research and consult with financial professionals before making investment decisions.