40% Dividend: Railway Stock Rises 1084% In 2-Yrs, Sets Record Date For Dividend

Mid cap company engaged in railway wagons industry, Titagarh Rail Systems Ltd today fixed August 20, 2024 as the record date for dividend of Re 0.80 per equity share of Rs 2/- each for the financial year 2023-24. Last trading price of Titagarh Rail Systems shares on BSE is Rs 1498.45 per share with decline of 4.66% as on August 2, 2024. Titagarh Rail Systems shares declined 17% in last 1-month but soared 1084% in last 2-years. The company's market capitalisation stood at Rs 20,180.19 crore. Check details below:

Titagarh Rail Systems Sets Record Date For Dividend: As per the regulatory filing of Titagarh Rail Systems issued as on August 3, 2024, "the Company has fixed Tuesday, 20th August, 2024 as the Cut-off date for the purpose of determining eligibility of shareholders to cast their votes by remote e-voting /e-voting at the AGM and also as the record date for payment of dividend for the financial year ended 31st March, 2024. The payment of dividend is subject to the approval of the Shareholders of the Company."

Titagarh Rail Systems Dividend: The company recommended dividend on May 15. As per the exchange filing of Titagarh Rail Systems dated May 15, 2024, "recommendation of dividend of 40% (i.e. Re. 0.80) per equity share of Rs. 2/- each for the financial year 2023-2024. The dividend as recommended by the Board is subject to approval of the shareholders at the ensuing Annual General Meeting of the Company, date of which will be intimated in due course."

Stock Split History: Titagarh Rail Systems recommended stock split once so far in the year 2015 when it split face value of its shares from Rs 10 to Rs 2 in 2015.The share traded ex-split as on April 23, 2015.

Titagarh Q1: The company announced its profit after tax (PAT) at Rs 66.9 crore, up 8% for the April-June quarter of FY25 as against Rs 62 crore in the corresponding quarter of the last year. But, Titagarh's Q1FY25 results reflected a marginal fall in revenue and EBITDA on year-on-year basis. Titagarh Rail declared a decline of 1% in revenue to Rs 903.05 crore for April-June quarter from Rs 911 crore in Q1FY24. EBITDA slipped 4% to Rs 102 crore for the quarter under review as against Rs 106 crore declared in the similar quarter of last year.

Titagarh Rail Systems Shares Performance & Return: The 52-week high price of Titagarh Rail Systems shares on BSE is Rs 1,896.50 apiece (as on 27/06/2024) and 52-week low price is Rs 611.95 apiece (as on 14/08/2023), respectively. Titagarh Rail Systems shares slipped over 9% in last 2-weeks, gained 42% in last 3-months, rallied 129% in last 1-year, and rose by 1525% in last 3-years only. In last 5-years, Titagarh Rail Systems shares gained an impressive 3922%.

Titagarh Rail Systems About: Titagarh stretches its global reach and presence through factories in India and Italy. It caters to passenger rolling stock including trains and metros as well. Its product range expands to include electric propulsion equipment such as traction motors and vehicle control systems. Titagarh also designs and manufactures wagons such as container flats, grain hoppers, cement wagons, clinker wagons, and tank wagons, according to its official website.

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