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Cravatex Ltd Declares ₹12.50 Dividend Per Share for FY25, Reinforcing Commitment to Shareholder Value

Updated: May 19, 2025 18:47

Image Source: Goodreturns
Cravatex Ltd, a prominent player in the retail and sports equipment sector, has announced a substantial dividend of ₹12.50 per share for the financial year ended March 2025, marking one of its most generous payouts in recent years. This move underscores the company’s focus on rewarding shareholders and reflects its robust financial health despite a challenging market environment.
 
Key Highlights:
  • Generous Dividend Declaration: The Board has recommended a final dividend of ₹12.50 per equity share for FY25, a significant increase compared to previous years, where dividends ranged from ₹1.50 to ₹3 per share. This signals strong confidence in the company’s earnings and cash flow position.
  • Solid Financial Performance: Cravatex continues to maintain profitability, with a net profit margin of 2.38% and a basic EPS of ₹18.68 for FY24. The company’s disciplined cost management and operational efficiency have helped it navigate revenue fluctuations and sectoral headwinds.
  • Dividend Track Record: Over the past five years, Cravatex has consistently rewarded shareholders with annual dividends, though this year’s payout stands out as notably higher, reflecting improved cash reserves and a commitment to shareholder returns.
  • Market Standing: With a current share price around ₹354 and a dividend yield close to 0.9%, Cravatex remains an attractive option for income-focused investors. The company’s low payout ratio ensures dividends are well-covered by earnings and cash flow, supporting future sustainability.
  • Shareholder Meeting: The dividend proposal will be subject to approval at the upcoming Annual General Meeting, with record and ex-dividend dates to be announced.
Source: INDmoney, Economic Times, Simply Wall St, BlinkX

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