Mid Cap Navratna PSU Sets August 21 As Record Date, How To Be Eligible?

Navratna PSU Engineers India Ltd today fixed August 21, 2024 as the record date for Re 1/- per share on the face value of Rs 5/- each for the financial year 2023-24. Current market price of Engineers India Ltd shares on BSE is Rs 227.95 per share. Engineers India shares slipped over 11% in last 1-week and gained 243% in last 2-years. The company's market capitalisation stood at Rs 12,811.76 crore. Life Insurance Corporation Of India (LIC) has 2.87% stake in EIL. Check more details below:

Engineers India Sets Record Date For Final Dividend: As per the BSE filing issued as on August 8, 2024, "This is to inform that pursuant to Regulation 42 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, it is hereby informed that EIL has fixed Wednesday, 21st August, 2024 as the "Record Date" for the purpose of ascertaining the eligibility of shareholders entitled to receive final dividend of 1/- per share (on face value of 5/ each) for the FY 2023-24, if declared at the forthcoming Annual General Meeting. The said Final Dividend shall be paid to those shareholders whose names appear:

a) as beneficial owners in the statement(s) furnished by the Depository(ies) as on the close of business hours on Wednesday, 21st August, 2024 in respect of shares held in electronic form; and

b) as members in the Register of Members on Wednesday, 21st August, 2024 in respect of physical shares."

Engineers India Shares Dividend: The Board of Directors of the PSU on May 28 said, "recommended final dividend of Re 1/- (Rupee One Only) per share (on the face value of Rs 5/- each) on the equity shares of the Company for the financial year 2023-24. The final dividend is subject to approval of shareholders in the ensuing Annual General Meeting."

Engineers India Share Performance: Engineers India shares declined 16% in last 1-month, slipped over 5% in last 6-months, gave returns of 25% year-to-date, and soared 208% in last 3-years, and jumped 132% in last 5-years. The 52-week high price of Engineers India Ltd shares on BSE is Rs 304.00 per share (as on 12/07/2024) and 52-week low price is Rs 116.50 per share (as on 26/10/2023), respectively.

How To Be Eligible For Dividend: Record date is crucial in determining eligibility of shareholders for dividend. Individuals whose name appear in company's shareholders record as on the record date will become eligible to earn dividend. Record date is the particular day on which a company confirms the list of shareholders eligible for its dividend distribution. EIL fixed August 21, 2024 as the record date for dividend.

Engineers India Dividend History: Engineers India announced 42 dividends since August 30, 2001. In last 1-year, Engineers India announced an equity dividend amounting to Rs 3.00 per share. At the current share price of Rs 227.95, Engineers India Ltd offers a dividend yield of 1.31%.

EIL Shareholding: FII/FPI have increased holdings from 7.01% to 7.26% in June 2024 quarter. Number of FII/FPI investors increased from 152 to 155 in June 2024 quarter. Mutual Funds have increased holdings from 5.97% to 7.94% in June 2024 quarter. Number of MF schemes remains unchanged at 17 in June 2024 quarter. Institutional Investors have increased holdings from 20.62% to 21.17% in June 2024 quarter, according to Trendlyne.

Engineers India Bonus Share History: EIL recommended 2 bonus issues since May 6, 2010. Last Bonus that Engineers India Ltd declared was in the ratio 1:1 with ex-date fixed as December 30, 2016.

EIL Stock Split History: EIL sub-dividend the face value of its share once since May 6, 2010. EIL last sub-dividend the face value of its shares from Rs 10 to Rs 5 in 2010.The share traded ex-split on May 6, 2010, according to Trendlyne.

Engineers India Ltd Q4 Results: EIL declared standalone net profit for the quarter ended March 31, 2024 at Rs 90.93 crore, down 42.71% as against net profit of Rs 158.72 crore announced in the similar quarter of last year. The Navratna's revenue from operations for the March 2024 quarter announced at Rs 790.27 crore as compared to Rs 866.14 crore declared in the corresponding quarter of last year. Total standalone income of the PSU for the quarter ended March 31, 2024 announced at Rs 846.39 crore from Rs 915.48 crore in March 2023. Its March 2024 quarter profit before tax declared at Rs 116.44 crore from Rs 204.92 crore declared in March 2023. EPS of Engineers India Ltd for March 2024 quarter announced at Rs 1.62 from Rs 2.83 declared in March 2023.

About Engineers India: Engineers India Ltd (EIL) is a leading global engineering consultancy and EPC company. Established in 1965, EIL provides engineering consultancy and EPC services principally focused on the oil & gas and petrochemical industries. Engineers India Ltd (EIL), a Navratna PSU, is one of the leading design and engineering organizations in South Asia, according to its Linkedin profile.

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