831% Yield: Multibagger Penny Stock Declares 62% YoY Jump In Net, Rs 20 Dividend

Board of Directors of penny stock Taparia Tools Ltd on May 21 recommended Rs 20/share dividend for the financial year ending March 31, 2024. Current market price of Taparia Tools share on BSE is Rs 4.27 per share with intraday gain of 4.27%. Taparia Tools shares surged 53% in last 6-months and 40% year-to-date. The company for the quarter ended March 31, 2024 declared a jump of 62.14% year-on-year (YoY) in its net profit to Rs 28.91 crore as against Rs 17.83 crore declared in the corresponding quarter of last year. More details below:

Taparia Tools Recommends Dividend: According to the BSE filing of Taparia Tools dated May 21, "the Board of Directors of the Company has inter-alia considered and recommended the Final Dividend @ Rs20/- (200%) per Equity share of Rs.10/- each from the Distributable Profit for the Financial Year ended 31% March 2024, subject to approval of shareholders in ensuing Annual General Meeting."

Taparia Tools Dividend History: The penny stock declared 21 dividends since March 6, 2002. In last 1-year only, Taparia Tools Ltd. announced an equity dividend amounting to Rs 97.50 per share. At the current share price of Rs 4.27, Taparia Tools offers dividend yield of 2283.37%. Adjusting for Bonus/Splits the dividend yield is 831.38%, according to Trendlyne.

Taparia Tools Q4 Results: The company declared its revenue from operations for the quarter ended March 2024 as Rs 219.52 crore as compared to Rs 194.87 crore in the similar quarter of last year. Total income of Taparia Tools declared at Rs 222.73 crore as against Rs 196.80 crore in similar quarter of last year. Total expenses for March 2024 quarter announced at Rs 184.87 crore from 172.64 crore. EPS for March 2024 quarter came at 19.05 as compared to 11.75 announced in March 2023 quarter.

Taparia Tools Bonus Share In 2023: The company also declared bonus share in the ratio of 4:1 and set July 11, 2023 as record date.

Taparia Tools About: It started manufacturing hand tools in 1969 in India in technical collaboration with a reputed company of Sweden. Taparia Tools has been since then consistently producing all the hand tools in India with the exact technology of its collaborators. It came into existence in 1965.

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