Auto Stock Is Paying Rs 30.50 Dividend: Record Date In Aug, Payable In Sept; Why It’s Screaming For Attention?

Automotive Axles Limited (AAL) was founded in 1981 as a joint venture between Meritor Heavy Vehicle Systems, USA, and Bharat Forge Limited, Pune. The firm is now India's largest independent manufacturer of Rear Drive Axle Assemblies, with production facilities in Mysore, Karnataka. Automotive Axles Limited has been producing dependable and long-lasting medium and heavy duty drive axles, front steering axles, non-drive axles, axles for off-highway and defense applications, and drum and disc brakes for more than 43 years.

Automotive Axles Dividend

"The board has recommended a Final Dividend of Rs. 30.50/- per share (@ 305%) of Rs.10/- each for the Financial Year 2024-25, subject to the approval of the shareholders of the Company at the ensuing Annual General Meeting," said the company in a stock exchange filing.

"The 44th Annual General Meeting of the Members of the Company will be held on Tuesday, 12th August 2025. Pursuant to Regulation 42 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 the Company has fixed the Record Date as Tuesday, 5th August 2025 for taking record of the Members of the Company for the purpose of the Annual General Meeting and payment of Final dividend. The dividend will be paid, subject to deduction of tax at source on or before 11th September 2025," Automotive Axles informed stock exchanges.

Automotive Axles Q4 Results

In the quarter that ended in March 2025, Automotive Axles' net profit increased by 4.15% to Rs 45.93 crore, up from Rs 44.10 crore in the quarter that ended in March 2024. Compared to Rs 571.52 crore in Q4FY24, sales fell 2.08% to Rs 559.64 crore in Q4FY25. The net profit for the entire year dropped by 6.39% to Rs 155.54 crore in March 2025 compared to Rs 166.16 crore in March 2024. Compared to Rs 2229.17 crore in the year ending March 2024, sales fell 6.80% to Rs 2077.54 crore in the year ending March 2025.

Automotive Axles Share Price Target

"Automotive Axles is in a bullish structure, making higher highs and higher lows. Support is placed at ₹1700, and resistance lies at ₹1800. A breakout above ₹1800 could push the stock toward ₹1880-₹1900. The overall trend remains positive, supported by strong momentum. Dips towards ₹1720-₹1730 may offer a good buying opportunity with a stop-loss below ₹1690. Sustaining above ₹1750 will keep the uptrend intact," commented Riyank Arora - Technical Analyst - Mehta Equities Limited.

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