200% Dividend Alert! Electrical Giant with Rs. 40K Cr M-Cap Delivers 675% Growth in 5Y; Record Date Jan 27

KEI Industries, a prominent manufacturer of cables and electrical wires, announced an interim dividend of Rs.4 per share (face value of Rs.2 each) for the financial year 2024-25 on January 21. The company has set January 27, 2025, as the record date for determining the shareholders eligible to receive the dividend.

It's important to note that the stock will go ex-dividend tomorrow, January 27, 2025. Shareholders who purchase the stock on or after this date will not be eligible for the interim dividend.

In a filing with the stock exchanges, KEI Industries stated, "Pursuant to Regulation 30 and Regulation 43 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, the Board of Directors of the Company has approved the declaration of an interim dividend of Rs.4.00 (200%) per equity share of face value Rs.2.00 each for the financial year 2024-25. As per Regulation 42 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, the record date for determining equity shareholders entitled to receive the interim dividend has been fixed as Monday, January 27, 2025."

KEI Industries Share Price Movement

At the close of trading on Friday, January 24, KEI Industries' shares saw a decline of 5.21%, settling at Rs.4,246.95, down by Rs.233.65. This drop reversed some of the previous week's gains, which had been around 3.3%. Over the past six months, the stock has experienced a slight dip of 2.5%.

However, looking at the longer-term performance, KEI Industries has shown significant growth. Over the last five years, its shares have surged by an impressive 575%, and since its listing 19 years ago, it has achieved an extraordinary gain of 5,447%. The stock's 52-week high stands at Rs.5,039.70, while the 52-week low is Rs.2,900.10.

KEI Industries Reports Strong Q3 FY2025 Results

KEI Industries has posted a strong financial performance for the third quarter of FY2025. The company's net profit for the December quarter rose by 9.4% year-on-year, reaching Rs. 164.8 crore, compared to Rs. 150.6 crore in the same period last year. Additionally, the company's revenue showed a significant growth of nearly 20%, rising to Rs. 2,467.2 crore from Rs. 2,059.3 crore in the corresponding quarter of the previous fiscal year.

About KEI Industries

KEI Industries is one of India's major companies in the electrical cables and wires sector. Established in 1968, the company specializes in manufacturing a wide range of products, including wires, cables, and electrical solutions for both industrial and residential purposes.

The company's portfolio includes a variety of cables, such as power cables, control cables, instrumentation cables, and specialized wires, catering to sectors such as power, infrastructure, automotive, and construction. It is listed on the Bombay Stock Exchange (BSE) and the National Stock Exchange (NSE) of India.