Don’t miss action in this stock which declared 1000 per cent interim dividend!

It supplies complete foundry systems, with molding machines, sand mixers with combination of sand plant equipment, surface preparation machines and environmental control systems across the country

Disa India Ltd is a leading equipment manufacturer with advanced foundry and surface preparation process technology.  

It supplies complete foundry systems, with molding machines, sand mixers with combination of sand plant equipment, surface preparation machines and environmental control systems across the country.  

The company had announced that payment of first interim dividend of Rs 100 (1000 per cent) per equity share of the face value of Rs 10 each for the financial year 2022-23, payable to the registered shareholders of the company as on the record date i. e., February 21, 2023, amounting to Rs 14.54 crore. The said Interim dividend will be paid on or before March 10, 2023, within 30 days from the date of declaration.  

For the quarter ended December 31, 2022, net sales of the company fell by 31 per cent on YoY basis to Rs 50.20 crore. The EBITDA level stood at Rs 4.06 crore, down by 68 per cent from last year’s same quarter. The net profit of the company fell by more than 77 per cent from the corresponding quarter last year to Rs 1.94 crore.   

In the past 1 month, the stock showed some positive traction as it has surged more than 35 per cent. Keep a close eye on this trending stock.