Rs. 25 Dividend: Payable By 5th December 2024, 20th November Record Date; BUY.SELL?

Advanced equipment, consumables, automation, robotics, and digital solutions are all offered to the partners by ESAB India, a global leader in fabrication and speciality gas control technologies. The company is a global leader in cutting and welding supplies and equipment. For almost every application, it provides a full range of fabrication options.

ESAB India Dividend

"The Board of Directors of the Company at its meeting held today i.e., 08th November 2024 has declared Interim Dividend of Rs. 25/- per equity share of Rs.10/- each (250%) for the financial year ending 31st March 2025 resulting in an outflow of Rs. 38,48,25,500/- (subject to deduction of tax at source where applicable). The said Interim Dividend declared by the Board of Directors would be paid to the equity shareholders on or before 5th December 2024," said the company in a stock exchange filing.
For the purpose of above dividend payout, 20th November has been fixed as the record date by ESAB India.

ESAB India Financials

Esab India's net profit increased 12.37% to Rs 43.16 crore in the September 2024 quarter from Rs 38.41 crore in the September 2023 quarter. Compared to the year-ago quarter, which ended in September 2023, when sales were Rs 302.69 crore, sales in the quarter ending in September 2024 increased by 11.88% to Rs 338.65 crore.

ESAB India Share Price Target

"ESAB India stock price is bullish on the Daily charts with strong support at 5903. A Daily close above resistance of 6214 could lead to a target of 6800 in the near term," commented A R Ramachandran, Independent Research Analyst.

Disclaimer

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