Stock Split After 13 Years: BSE Small Cap Declares Rs.1.80/sh Dividend; Shares Rally 74% YoY, Record Date Out

Steelcast Limited, a BSE SmallCap company in the Castings & Forgings industry, has announced two major corporate actions that will impact its shareholders in August. The company has declared a stock split after a gap of 13 years and also announced a fresh interim dividend of Rs. 1.80 per share along with Q1 FY 2025-26 results.

Steelcast Stock Split 2025

Steelcast Limited has fixed August 29 as the record date for the stock split, subject to shareholder approval.
As per the company's corporate filing, the stock split involves the subdivision of equity shares, although the ratio has not been disclosed yet. The last time Steelcast underwent a stock split was in July 2012, when the face value was reduced from Rs. 10 to Rs. 5 per share.

Steelcast Interim Dividend 2025

In addition to the stock split, Steelcast Limited has also declared a first interim dividend of Rs. 1.80 per equity share (36% of the face value) for FY 2025-26. The record date for the interim dividend is August 8, and the dividend will be paid on or before August 30, 2025.

Steelcast has a good history of dividend payouts, having announced multiple dividends over the past year. In 2025 the company paid out two dividends worth Rs. 2.70 and Rs. 1.80 per share. Last year in 2024, four dividends were announced by the company, which included a Rs. 1.35 interim dividend in November, a Rs. 1.35 interim dividend in August, a Rs. 3.15 final dividend in July, and a Rs. 1.35 interim dividend in February.

Steelcast Share Price Performance

As of today, July 31, Steelcast shares closed at Rs. 1,115, down by Rs. 132.70, or 10.64%, for the day and 9.38% over the past 5 trading days. However, the stock gained 22.41% in the last 6 months and 30.75% so far this year. In the last 12 months of trading, Steelcast share price has surged 74.14% and a massive 1,642.19% over the last 4 years since listing.

Steelcast Limited Q1 FY26 Results

In Q1 FY26, the company reported a total income of Rs. 10,940.80 crore, a 38.9% jump from Rs. 7,857.02 crore in Q1 FY25. Revenue from operations surged to Rs. 10,668.55 crore, up 37.8% year-on-year. However, it was down 12.8% from the Rs. 12,235.51 crore reported in the previous quarter. Net profit after tax came in at Rs. 1,988.26 crore, registering a 54% YoY increase compared to Rs. 1,292.98 crore. But it declined 25.7% from Rs. 2,676.65 crore in the previous quarter.