Rs. 28/Share Payout! Schaeffler India Sets Record Date For Dividend; A Momentum Building Stock?

Schaeffler is one of the top motion technology companies in India, having been there for more than 60 years and employing more than 3,000 passionate employees. Schaeffler India provides cutting-edge products, technology, and solutions for renewable energy, electric mobility, CO2-efficient drives, and chassis. With four production facilities in India (Pune, Savli, Maneja, and Hosur), three research and development facilities, eight sales offices, and a robust industrial and automotive maintenance infrastructure, Schaeffler India guarantees its clients' access to the best products and services across the country.

Schaeffler India Dividend

The Board of Directors "Recommended a Dividend of Rs. 28/- per Equity Share of face value of Rs. 2/- each. The Dividend for the year ended December 31, 2024, if approved by the Shareholders at the ensuing Annual General Meeting (AGM) shall be paid within 30 days from the date of AGM," said Schaeffler India in a stock exchange filing on 27/02/2025.

Schaeffler India Dividend Record Date

"Pursuant to Regulation 42 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015, this is to inform you that the Record Date for the purpose of 62nd Annual General Meeting ('AGM') and identifying the list of members eligible for the payment of Dividend is Wednesday, April 23, 2025. The Dividend for the year ended December 31, 2024, if approved by the shareholders at the ensuing AGM shall be paid within 30 days from the date of the AGM," informed Schaeffler India to stock exchanges on 11/03/2025.

Schaeffler India Q3 Financials

In the December 2024 quarter, Schaeffler India's net profit increased 13.20% to Rs 237.28 crore from Rs 209.61 crore in the December 2023 quarter. Sales rose 13.95% to Rs 2136.06 crore in Q3FY25 from Rs 1874.55 crore in Q3FY24. From Rs 899.02 crore in the quarter ended in December 2023 to Rs 938.86 crore in December 2024 quarter, the net profit increased by 4.43%. The year ending in December 2024 had a 13.54% growth in revenues to Rs 8232.38 crore over the previous year, which ended in December 2023. EBITDA increased 14.2% year over year, from Rs 324.1 crore to Rs 370.2 crore in the most recent quarter. However, the EBITDA margin remained stable at 17.3%.

Schaeffler India Share Price Target

Mandar Bhojane - Equity Research Analyst at Choice Broking said, "SCHAEFFLER is currently trading in the range of 3295 - 3310, exhibiting signs of recovery following a prolonged downtrend. The stock has formed a potential bottoming pattern, indicating the possibility of a trend reversal. Recent price action, supported by increasing volume, suggests renewed buying interest. Additionally, the stock has crossed above its 20-day and 50-day exponential moving averages (EMA), signaling a short-term shift in momentum. However, it remains below the 100-day and 200-day EMAs, indicating that a full trend reversal is yet to be confirmed. If the stock successfully breaks above this level, it could reach a short-term target of 3650."

"On the upside, resistance is observed in the 3380 - 3400 range, while key support is located between 3200 - 3150. The relative strength index (RSI) currently stands at 57.38, reflecting improving momentum and a gradual move toward bullish territory. To effectively manage risk, a stop-loss at 3100 is recommended to protect against potential market reversals," the analyst added.

"In conclusion, based on the technical analysis and current market conditions, SCHAEFFLER presents a promising buying opportunity for those aiming for a 3650 target, provided that appropriate risk management strategies are in place," Mandar Bhojane further recommended.

Disclaimer

The recommendations made above are by market analysts and are not advised by either the author, nor Greynium Information Technologies. The author, nor the brokerage firm nor Greynium would be liable for any losses caused as a result of decisions based on this write-up. Goodreturns.in advises users to consult with certified experts before making any investment decision.