Rs 100/share dividend: This small-cap stock to pay out a 1000 per cent dividend!
The company has an amazing ROE of 38.7 per cent and ROCE of 47.6 per cent.
Hawkins Cooker Ltd, a Small-Cap houseware corporation, set Wednesday, August 9, 2023, as the Record Date for dividends in a Board meeting conducted on Saturday, July 15, 2023. On May 24, 2023, the Board proposed a 1000 per cent dividend, i.e., Rs 100 per equity share with a face value of Rs 10 for the fiscal year ending March 31, 2023.
During Q4FY23, the company recorded a net income of Rs 253.85 crore down by 6.61 per cent YoY from Rs 271.83 crore in Q4FY22. Its net profit stood at Rs 22.80 crore during the quarter ended March 2023 up by 6.69 per cent YoY from Rs 21.37 crore recorded during the quarter ended March 2022. The EPS of Hawkins Cookers reached Rs 43.12 during the quarter under review as against Rs 40.42 in the year-ago quarter.
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Hawkins Cookers is engaged in the manufacture, trading and sale of kitchenware. It is the leader in the pressure cooker market in India and has exported its products since 1974 to various countries in each of the many continents of the world.
Today, the share price of Hawkins Cooker trading at Rs 6,580 per share, up by 0.07 per cent from its previous close with an intraday high of Rs 6,600 and an intraday low of Rs 6,512.30 on the BSE. The share price jumped 3.92 per cent in the past 1 week. It gave a 24.33 per cent positive return in the past 1 year.
Disclaimer: The article is for informational purposes only and not investment advice.