Rs 20/Share Dividend, 10:1 Stock Split Approved: Industrial Products Stock Set To Become Cheaper

Board of directors of small cap stock WPIL Ltd today recommended final dividend of Rs 20/- on each equity share of Rs 10 each for the financial year 2023-24. It also approved stock split/sub-division of share in the ratio of 10:1 implying 1 equity share with face value of Rs 10 each will be sub-divided into 10 equity shares with each share having face value of Re 1. The company also declared its Q4 results today. Current market price of WPIL Ltd share on BSE is Rs 4221.65 per share as on May 24, 2024. WPIL share offered attractive 303% return in last 2-years. WPIL shares surged 12.23% in last 2-weeks span. More details below:

WPIL Ltd Recommends Dividend: As per the BSE filing of the company dated May 25, 2024, "the Board of Directors at its meeting held on May 25,2024, recommended Final Dividend of Rs. 19,53,41,600 @ Rs.20/- (Rupees twenty) on each Equity share of Rs. 10/- for the financial year 2023-24."

WPIL Ltd Declares Stock Split: The BSE filing added, "The Board of Directors of the Company at its meeting held on May 25,2024 accorded its consent for sub-dividing the equity shares of the Company, such that each equity share having nominal value of Rs.10/-(Rupees Ten Only) each be sub-divided into 10 (Ten) Equity Shares having nominal value of Rs.1/- (Rupee one Only) each fully paidup with effect from the 'Record Date' to be determined later on for this purpose pursuant to Section 61(1)(d) and other applicable provisions, if any.

WPIL Q4 Results: WPIL declared a decline of 10.76% in its net profit for the quarter ended March 2024 at Rs 63.78 crore as compared to Rs 71.47 crore announced in the corresponding quarter of last year. Sales of WPIL soared 13.64% to Rs 591.41 crore for the March 2024 quarter as compared to Rs 520.41 crore announced in the similar quarter of last year. For the whole year, net profit of WPIL surged 151.11% to Rs 475.02 crore for the year ended March 2024 as compared to Rs 189.17 crore announced in March 2023. Sales of the company surged 3.67% to Rs 1664.40 crore for the year ended March 2024 as compared to Rs 1605.46 crore announced in the March 2023.

WPIL Share Performance: The 52-week high price of WPIL Ltd on BSE is Rs 4624.60 per share (as on 20/01/2024) and 52-week low price is Rs 2725.05 per share (as on 19/07/2023), respectively. The company has a market capitalisation of Rs 4,123.32 crore. WPIL share offered return of 24% in last 3-months, gained 37% in last 6-months, and offered 425% return in last 3-years. In last 5-years, WPIL shares gained 363%.

WPIL About: WPIL Limited formerly known as Worthington Pump India Ltd. was established in the year 1952 and has dedicated itself to the development of Engineered Pumps. Today WPIL is one of the leaders in supply of pumps and pumping project in the world. It operates through 3 verticals to provide the complete gamut of products & services to its client in the field of water.

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