Small Cap Tata Group Stock Recommends Rs 3/Share Dividend, In 3 Yrs Gave 282.05% Return

Small cap company Tinplate Company of India Ltd. (TCIL) on Thursday, recommends a dividend of Rs 3/share (30%) of the face value of Rs 10 each for the financial year 2022-23 ended 31st March 2023.

The recommended dividend is subject to the approval of shareholders of the company at the Annual General Meeting (AGM).

TCIL is a subsidiary of Tata Steel Ltd, a Tata Group company operating in the Metal sector. Tata Steel has a 74.96 per cent stake in TCIL. The company is India's leading tinplate producer.

Tinplate Company of India Recommends Dividend of Rs 3/Share

The company in an exchange filing on April 27, 2023, said, "Recommended a dividend of ₹3/- per Equity Share of face value ₹10/- each (30%) to the shareholders of the Company for the Financial Year ended March 31, 2023. The dividend recommended by the Board of the Company is subject to the approval of the shareholders at the ensuing Annual General Meeting (AGM) of the Company and will be paid post the AGM."

Stock's Current Market Price, 52-Week Low/High, & Returns

The stock of TCIL is currently trading at Rs 323.75 apiece on BSE, up 0.23% from its previous close of Rs 323 apiece. Its 52-week high is Rs 429 apiece and 52-week low is Rs 291 apiece, respectively. It has a market valuation of Rs 3,387.04 crore.

In the past 1 week, it has given a 1.55% positive return and in 1 month, it has given 5.41% positive return. It has fallen 22.57% in 1 year. In 3 years it has given 281.03% positive return. In 5 years it has given 38.46% positive return.

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