Kalyani Steels Dividend: Multibagger small-cap stock jumps 9% after announcing 200% dividend, Q4 results
Multibagger small-cap stock: Kalyani Steels share price jumped over 9 per cent in Monday's trading session after the company financial results for the March quarter and announced 200 per cent dividend.
At 1:55 pm, the multibagger small-cap stock Kalyani Steels touched an intraday high to ₹ 760.25 apiece on National Stock Exchange (NSE). In terms of year-to-date (YTD), the stock has descended over 35 per cent.
The company's net profit for the quarter rose by 27 per cent year-on-year to ₹ 79.2 crore.
Kalyani Steels reported an 8 per cent year-on-year increase in revenue for the period, reaching ₹ 544.3 crore.
The company's EBITDA rose to ₹ 114.25 crore, marking a 27 per cent increase compared to the March quarter of FY24.
EBITDA margin improved by 300 basis points, rising to 21 per cent from 17.9 per cent in the same quarter last year, even as other expenses surged by 33 per cent.
In Q4 FY25, Profit Before Tax (PBT) reached ₹ 107.14 crore, marking a 26.96 per cent increase from ₹ 84.39 crore in Q4 FY24. Tax expenses for the quarter totaled ₹ 27.86 crore, reflecting a year-on-year rise of 27.56 per cent.
Overall expenses for the quarter grew 4.28 per cent YoY to ₹ 449.94 crore. Notably, "other expenses" surged by 33.1 per cent YoY to ₹ 278.76 crore, significantly outpacing the increases in raw material consumption (up 8.36 per cent YoY) and employee benefit costs (up 11.51 per cent YoY).
Additionally, the board has declared an interim dividend of ₹ 10 per share (equivalent to 200 per cent of the ₹ 5 face value), pending shareholder approval at the upcoming AGM.
Kalyani Steels, a subsidiary of the Kalyani Group, is mainly involved in manufacturing and selling iron and steel products.
Disclaimer: This story is for educational purposes only. The views and recommendations above are those of individual analysts or broking companies, not Mint. We advise investors to check with certified experts before making any investment decisions.
First Published: 5 May 2025, 03:08 PM IST
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Economic Times
44 minutes ago
- Economic Times
Stock market update: Nifty Auto index falls 0.99% in a weak market
NEW DELHI: The Nifty Auto index traded negative around 11:18AM(IST)on Friday in a weak market. ADVERTISEMENT were among the top gainers. Exide Industries Ltd.(down 2.0 per cent), Hero MotoCorp Ltd.(down 1.69 per cent), Bajaj Auto Ltd.(down 1.6 per cent), Eicher Motors Ltd.(down 1.44 per cent) and Samvardhana Motherson International Ltd.(down 1.25 per cent) were the top losers on the index. The Nifty Auto index was down 0.99 per cent at 23179.45 at the time of writing this report. Benchmark NSE Nifty50 index was down 237.96 points at 24650.25, while the BSE Sensex was down 811.88 points at 80880.1. Among the 50 stocks in the Nifty index, 6 were trading in the green, while 44 were in the red. ADVERTISEMENT Shares of Vodafone Idea, RattanIndia Power, Reliance Power, Suzlon Energy and YES Bank were among the most traded shares on the NSE. Shares of DB Realty, Oswal Agro Mill, Force Motors, Karur Vysya Bank and Scoda Tubes hit their fresh 52-week highs in today's trade, while Shree Ram Proteins, Lasa Supergenerics, Bluspring Enterprises Ltd., Keerti Knowledge and Schloss Bangalore hit fresh 52-week lows in trade. (You can now subscribe to our ETMarkets WhatsApp channel)
&w=3840&q=100)
Business Standard
an hour ago
- Business Standard
Oswal Pumps IPO off to slow start; subscription lags at 6%, GMP dips to 11%
Oswal Pumps IPO subscription status Day 1: The initial public offering (IPO) of Oswal Pumps opened for subscription today, June 13, 2025. The mainline IPO witnessed a slow start as the issue was subscribed only 6 per cent as of 11 AM on Day 1, according to data from National Stock Exchange (NSE). The portion booked for retail investors and non-institutional investors (NIIs) was subscribed around 9 per cent each. However, there were no bids from the qualified institutional buyers (QIBs) so far. Ahead of the IPO, Oswal Pumps raised ₹416.20 crore from anchor investors on Thursday. The company informed exchanges that it allocated 6.77 million equity shares at ₹614 per share to anchor investors. Some of the marquee institutions that participated in the anchor round include Societe Generale, BNP Paribas, ICICI Prudential, Aditya Birla Sun Life, Kotak Mahindra Mutual Fund, Quant Mutual Fund, Motilal Oswal MF, Bandhan Small Cap Fund, Nuvama MF, Sundaram MF, Amundi Funds, 360 One and Edelweiss Life Insurance, among others. Oswal Pumps IPO grey market premium (GMP) According to sources tracking unofficial market activities, the unlisted shares of Oswal Pumps were trading at ₹685 per share, commanding a grey market premium (GMP) of 71 or 11.5 per cent over the upper band price of ₹614. However, on Thursday, it was trading at a premium of ₹83 or 13.5 per cent in the grey market. Oswal Pumps IPO review Analysts have recommended subscribing to the issue on a long-term basis. According to analysts at SBI Securities, the company has an order book of ₹1,100, which is 80 per cent of its annualised revenue for the first nine months of fiscal 202425 (FY25). Furthermore, an additional bid pipeline of ₹3,200 crore indicates decent growth visibility. However, its reliance on government projects and policies, as well as delays in cash flow, could be a potential overhand. READ MORE Oswal Pumps IPO details Oswal Pumps aims to raise ₹1,387.34 crore through a fresh issue of 14.5 million equity shares and offer for sale (OFS) of 8.1 million shares. Vivek Gupta is the promoter-selling shareholder. The company has set the price band in the range of ₹584-614 per share, and a lot size of 24 shares. A retail investor would require a minimum of ₹14,016 to bid for one lot, taking the upper end of the IPO price into consideration. A retail investor can bid for a maximum of 14 lots or 288 shares, amounting to ₹1,96,224. According to the red herring prospectus (RHP), the three-day window to subscribe to the Oswal Pumps IPO will close on Tuesday, June 17, 2025. The basis of allotment of shares is expected to be finalised on Wednesday, June 18, 2025. Shares of Oswal Pumps will list on National Stock Exchange (NSE) and BSE tentatively on Friday, June 20, 2025. According to the RHP, from the net fresh issue proceeds, the company plans to use ₹89.86 crore for funding certain capital expenditures, ₹272.75 crore for investment in its wholly-owned subsidiary, Oswal Solar, ₹280 crore will be used for prepayment or repayment, in part or full, of certain outstanding borrowings and ₹31 crore for repayment or prepayment, in part or full, of certain outstanding borrowings availed by Oswal Solar. The remaining funds will be used for general corporate purposes. The company will not receive any proceeds from the offer for sale. About Oswal Pumps Incorporated in 2003, Oswal Pumps is a manufacturer and distributor of pumps. The company has a wide product range including solar pumps, submersible pumps, monoblock pumps, pressure pumps, sewage pumps, electric motors, submersible winding wires and cables, and electric panels. It caters to domestic, agricultural and industrial applications. The company operates a manufacturing facility in Karnal, Haryana.
Business Standard
an hour ago
- Business Standard
Market trade lower; oil & gas shares skid amid geopolitical tensions
The key equity benchmarks traded with major losses in morning trade, weighed down by negative global sentiment after Israel declared a state of emergency following strikes on Iranian nuclear and strategic sites. Market participants rushed toward safe-haven assets, while investors closely monitored geopolitical developments and trends in Brent crude oil prices. The Nifty traded below the 24,700 level. Oil & gas stocks extended their losing streak for a second straight session amid escalating geopolitical tensions. At 10:25 IST, the barometer index, the S&P BSE Sensex, declined 740.04 points or 0.90% to 80,959.72. The Nifty 50 index fell 225 points or 0.95% to 24,669.60. In the broader market, the S&P BSE Mid-Cap index slipped 0.46% and the S&P BSE Small-Cap index dropped 0.40%. The market breadth was weak. On the BSE, 1,093 shares rose and 2,452 shares fell. A total of 197 shares were unchanged. The NSE's India VIX, a gauge of the market's expectation of volatility over the near term, surging 8.74% to 15.24. Economy: India's Consumer Price Index (CPI)-based inflation eased to 2.82% in May 2025, down 34 basis points from April's 3.16%, marking the lowest reading since February 2019. A key driver of the decline was food inflation, which dropped to 0.99%, the lowest since October 2021, significantly below both April's 1.78%. Buzzing Index: The Nifty Oil & Gas index fell 1.27% to 11,380.50. The index declined 2.94% in the two consecutive trading sessions. Indraprastha Gas (down 3.51%), Bharat Petroleum Corporation (down 3.3%), Hindustan Petroleum Corporation (down 2.75%), Mahanagar Gas (down 2.66%), Gujarat Gas (down 1.73%), Reliance Industries (down 1.69%), GAIL (India) (down 1.69%), Adani Total Gas (down 1.69%), Indian Oil Corporation (down 1.51%) and Castrol India (down 1.08%) declined. Stock in Spotlight: Crompton Greaves Consumer Electricals shed 0.31%. The company has secured a Letter of Award (LoA) worth Rs 100.68 crore from the Maharashtra Energy Development Agency (MEDA) for supplying and installing 4,500 Off-grid Solar Photovoltaic Water Pumping Systems (SPWPS)
