Rs 25/Share Dividend: Friday, November 29 Record Date; Good Time To Buy?

All of the manufacturing equipment needed to produce hand tools is in one place at Taparia Tools' well-designed, fully furnished factory in Nashik, Western India. The company also has an extended facility in Goa. Modern forging, machine shop, heat treatment, polishing, nickel chrome plating, and other processes are all part of the company's manufacturing facilities. The organisation offers tools for evaluating the physical, chemical, and metallurgical qualities of both raw materials and final products.

Taparia Tools Dividend

"The Board of Directors of the Company has inter-alia considered to pay the Interim Dividend @ 250% (i.e. Rs. 25/- per share of Rs. 10/-each) from the Distributable Profits for the period from 01.04.2024 to 30.09.2024," said the company in a stock exchange filing.

Taparia Tools Dividend Record Date

"With reference to our earlier intimation dated November 13, 2024 about Fixing the Record Date for the purpose of Interim Dividend would be November 22, 2024. In continuation to this, now it has been decided to make revision in record date and to change it from November 22, 2024 to November 29, 2024. Accordingly, the revised record date is on Friday, November 29, 2024, which is in compliance with the Regulation 42 of the SEBI (Listing Obligations and Disclosure Requirements) 2015," said Taparia Tools in a regulatory filing.

Taparia Tools Financials

In the September 2024 quarter, the company's net sales were Rs 224.00 crore, rising 7.15% from Rs 209.06 crore in the September 2023 quarter. In Q2FY25, its net profit was Rs. 30.76 crore, gaining 30.05% from Q2FY24's Rs. 23.65 crore. EBITDA increased 27.76% from Rs. 32.74 crore in the September 2023 quarter to Rs. 41.83 crore in the September 2024 quarter.

Taparia Tools Share Price Target

"Taparia Tools looks bullish but also very overbought on the Daily charts with next resistance at 10.62. Investors should be booking profits at current levels as a Daily close below support of 8.76 could lead to a target of 6.8 in the near term," said A R Ramachandran, Independent Research Analyst.

Disclaimer

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