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Indo Borax and Chemicals Ltd, a leading specialty chemicals manufacturer, has announced a final dividend of ₹1 per equity share for the financial year 2024-25. The decision, approved by the company’s Board of Directors, reflects Indo Borax’s ongoing commitment to delivering shareholder value through steady and reliable payouts, even amid fluctuating market conditions.
Dividend Announcement:
Indo Borax and Chemicals has announced a final dividend of ₹1 per share (on a face value of ₹1 each) for FY25. The announcement was made on May 27, 2024, and the ex-dividend date was fixed as August 20, 2024. Shareholders on record as of this date will be entitled to receive the dividend.
Consistent Dividend History:
The firm has kept its dividend steady at ₹1 per share over the last three years, after a one-off ₹10 dividend in 2021 and ₹2 in 2020. This stability reflects Indo Borax's cautious allocation of capital and emphasis on rewarding long-term shareholders.
Financial Performance:
For the year ending March 31, 2024, Indo Borax recorded total revenue of ₹203.08 crore and consolidated net profit of ₹38.98 crore. The EPS of the company is ₹13.62 with a good dividend yield of about 0.55% based on the prevailing market price of ₹184.60 per share.
Shareholder Structure and Market Metrics
As of March 2025, promoters own 50.8% of the company, with a slight increase in foreign institutional investor holding. Indo Borax's market capitalization stands at around ₹579 crore, and the stock has moved in a 52-week band of ₹142.35 to ₹262.65.
Corporate Governance and Outlook:
The Board's action to maintain dividend payments in spite of market instability reflects its faith in shareholder rewards and prudent finances. The business remains keenly interested in maximizing efficiency and unlocking new opportunities in the chemicals domain.
"The Board of Directors approved a final dividend of ₹1 per share reaffirming the commitment towards constant shareholder returns," the business stated in its filing.
With a strong cash position and with a clear mission of value generation, Indo Borax and Chemicals continues to be a stable performer in Indian specialty chemicals segment.
Source: Moneycontrol, Economic Times, Business Standard, BSE Announcements, INDmoney
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