Multibagger Stock Sets Record Date For Rs 4/Share Dividend, Scrip Up 102% YTD

Small-cap firm Centum Electronics Ltd operates in the capital goods industry. The firm has operations in North America, EMEA, and Asia and offers a wide range of goods and services across many industry sectors. The company on Tuesday announced a record date for 40% final dividend for FY23.

"The Board of Directors of the Company at its meeting held on May 27, 2023, had recommended final dividend for the financial year 2022- 23, subject to approval of the Members at the 30th Annual General Meeting (AGM) of the Company. In this regard, pursuant to Regulation 42 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015, the Company has fixed Wednesday, August 2, 2023, as Record Date for determining entitlement of members to final dividend of Rs. 4/- per share of face value of Rs. 10/- each for the financial year 2022-23," said Centum Electronics in a stock exchange filing.

Centum Electronics has announced a 40.00% equity dividend with a face value of Rs 10, or Rs 4 per share, for the financial year ended March 2023. The dividend yield at the current share price of Rs. 1429.75 is 0.28%. The company has a solid track record of dividend declarations during the past five years. Since September 5, 2002, Centum Electronics Ltd. has issued 24 dividends, as per the data of Trendlyne.

As opposed to a loss of Rs 6.4 crore in the same quarter of FY22, Centum recorded a consolidated net profit of Rs 25.8 crore in Q4FY23. Its net income stood at Rs 317.70 Cr in Q4FY23 compared to Rs 235.73 Cr in Q4FY22. Consolidated revenue from operations in Q4 climbed to Rs 316.3 crore, up 35% YoY and 60% QoQ. Consolidated EBITDA for the fourth quarter climbed considerably by 213 bps to 15.9%. As of March 31, 2023, Centum had a healthy order book standing at Rs 1,538 crore as opposed to Rs 1,440 crore in Q3FY23 and Rs 1,090 crore in FY22. Centum Electronics is yet to declare its Q1FY24 results.

On Wednesday, the shares of Centum Electronics opened on the BSE at Rs 1418 apiece compared to the previous close of Rs 1398.90. The stock made a 52-week-high of Rs 1,499.90 on (17/07/2023) and a 52-week-low of Rs 408.00 on (22/08/2022). The stock price climbed from Rs 384.75 to the current market price during the past five years, resulting in a multibagger return of 268%.

The stock price jumped from Rs 313.85 to the current market price during the past three years, resulting in a multibagger return of 363%. The stock price soared from Rs 417.50 to the current market price in the past year, representing a multibagger return of 246%. The stock's price went up from Rs 711.65 to the current market price on a year-to-date basis, representing a multibagger return of 102% so far in 2023. The stock has produced a multibagger return of 114.89% over the past six months and has grown by 10.02% in 1 month. During Q4FY23, the company reported promoter shareholding of 58.80%, FIIs stake of 0.08%, DIIs stake of 6.34% and public stake of 34.78%.