Rs 4.75 Dividend Announced! Buy To Be Eligible Before SUNCLAY’s March 27 Record Date?

One of the top producers of engineered aluminum die-cast parts for the automobile industry is Sundaram Clayton Limited (SCL). SCL was founded in 1962 and offers top-notch, cutting-edge solutions to clients worldwide in the passenger and commercial vehicle markets. SCL is a pioneer in innovative manufacturing, lightweighting, and automotive solutions. After the Board's announcement of an interim dividend of Rs. 4.75 for FY25, with the record date occurring in March, Sundaram-Clayton's shares finished Tuesday's trading session on the BSE 3.24% down at Rs 2185 per share, with a market capitalization of Rs 4,817.09 Cr.

Sundaram Clayton Dividend

"In furtherance to our intimation dated 17th March 2025, we wish to inform that the Board of Directors of the Company through circular resolution today, declared an interim dividend of Rs. 4.75/- per share (95%) on 2,20,46,162 equity shares of Rs.5/- each fully paid up, absorbing a sum of Rs. 10.42 Cr, for the financial year ending 31st March 2025. Further, we wish to inform that pursuant to Regulation 42 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, the record date for the purpose of interim dividend will be 27th March 2025," said Sundaram Clayton in a stock exchange filing.

"The interim dividend declared will be paid to those shareholders, who hold shares in physical form and / or in electronic form and whose names appear in the Register of Members and / or Depositories respectively, as at the close of working hours on 27th March 2025, being the Record Date fixed by the Company for this purpose. The dividend payment will be made within a period of 30 days from the declaration of interim dividend, as provided in the Companies Act, 2013," the company further informed stock exchanges.

Sundaram Clayton Financials

The company's consolidated net sales for the quarter ending in December 2024 were Rs 529.35 crore, dropping 3.89% from Rs 550.80 crore for the quarter ending in December 2023, according to Moneycontrol. Its net profit was Rs. 62.90 crore in the December 2023 quarter but it stood at Rs. 44.15 crore in the December 2024 quarter. EBITDA increased 169.78% from Rs. 15.32 crore in Q3FY24 to Rs. 41.33 crore in Q3FY25.

Sundaram Clayton Share Price Target

"SUNCLAY is currently trading at ₹2,184 and is moving in a sideways trend within the range of ₹2,000 to ₹2,350, showing volatile price action. The stock is facing resistance at the 50-day and 100-day EMAs, leading to a minor pullback from recent highs. On the downside, the price is finding immediate support at the 200-day EMA near ₹2,135. A breakdown below this level could push the stock toward the next support levels at ₹2,020 and ₹1,830," commented Mandar Bhojane - Equity Research Analyst at Choice Broking.

"On a higher timeframe, the stock remains in a sideways to bearish trend, indicating a lack of strong buying momentum. Traders and investors should exercise caution, as a clear bullish reversal will only be confirmed if the price decisively closes above ₹2,600. Until then, it is advisable to avoid fresh long positions or trade cautiously within the given range," the analyst further added.

Disclaimer

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