Dividend Dhamaka: BSE Smallcap Firm Announces 250% Dividend, Fixes Record Date; Do You Own?

BSE Smallcap firm, Foseco , has announced a final dividend for its eligible shareholders for the financial year ended December 31, 2024. The company has fixed the record date for its dividend payment for next week.

Foseco will declare the dividend payment after approval from its shareholders, post the annual general meeting (AGM).

Foseco Dividend

Foseco announced a final dividend of Rs 25 per equity share for its shareholders and has announced record date for the proposed dividend. Foseco's board of directors will approve the dividend during their meeting set to be held on 14 May, 2025.

Foseco's board of directors' meeting will be held "To declare a Final Dividend of Rs. 25/- per share (i.e., 250%) on the paid-up equity share of Rs. 10 each of the Company for the financial year ended December 31, 2024," the company said in its BSE filing in April.

Foseco Dividend Record Date

The company has fixed 14 May as the record date to determine the eligibility of its shareholders for the dividend payout.

"Foseco India Limited (the Company) has fixed Wednesday, 14 May 2025 as the record date for determining the entitlement of the members to the payment of final dividend, if declared at the AGM," the company said in its BSE filing on 30 April.

Foseco Dividend: How To Become Eligible?

To become eligible for Foseco dividend, it is important for shareholders to to own the company shares on or before its record date, ie 14 May.

Foseco Share Price Movement

The company scrip closed 2.59% higher at Rs 3768.2 per equity share on BSE on Monday. Its market capitalisation stood at Rs 2,406.55 crore. The company scrip touched a 52-week low mark of Rs 3,229.05 per share on BSE on 10 April, 2024. Its stock price surged to Rs 5,425 apiece on BSE on 5 August, 2024. Its share price value has increased nearly 10.31% on BSE in one month. Whereas, its value has declined around 8.09% year to date (YTD).

Foseco FY25 Highlights

According to the company's annual report, its consolidated revenue increased nearly 9.9% to Rs 52,478 lakhs in the financial year 2024-25. Additionally, its profit before tax increased nearly 18.1% to Rs 9,833 lakhs. Company's EBITDA surged nearly 19.1% to Rs 10,850 lakhs.

The company has claimed of reducing 62% of overall carbon dioxide emissions against target of 20% by 2025. The company has spent Rs 125 lakhs on corporate social responsibility (CSR).

It made a strong performance across key metrics, underpinned by disciplined execution and strategic clarity. "The Company stands wellpositioned to capitalise on emerging opportunities and sustain its growth trajectory," Foseco said in its annual report for 2024.

Foseco a BSE smallcap company in the specialty chemical segment. According to the company website, its products reduce labour-intensive fettling and machining, minimise metal usage requirements, influence the metal solidification process and automate moulding and casting, thus reducing cost, energy usage and mould size.