Rs 7.50/Sh Dividend: Chemicals Co Posts 19.62% Fall In Net Profit

Elantas Beck India Ltd shares today witnessed drop of 1.35% on Bombay Stock Exchange (BSE) to settle at Rs 8895.20 per share. The company today announced its net profit for the quarter ended December 31, 2024 at Rs 29.74 crore, down 19.62% year-on-year (YoY) from 37.00 crore declared in the corresponding quarter of last year. Board of Directors of the chemicals sector company today recommended a final dividend of Rs 7.50/- per share of the face value of Rs 10/- each for the financial year ended December 31, 2024. Elantas Beck India shares 100.57% in last 2-years and slipped over 9% in last 1-week. It is worth mentioning that Tata mutual fund – tata small cap fund has 3.83% stake in the company. Also, FII/FPI holding remained steady at 0.67% for December 2024 quarter and number of FII/FPI investors surged from 9 to 10 in December 2024 quarter. Check key details below:

Elantas Beck India Ltd Recommends Dividend

According to the BSE filing of Elantas Beck India Ltd issued as on Feb 18, 2025, “recommended a final dividend of Rs. 7.50/- per fully paid-up equity shares of Rs. 10/- each (face value) i.e. for the financial year ended 31^st December, 2024, subject to deduction of tax, as applicable and approval of Members at the ensuing sixty-ninth Annual General Meeting (“AGM”). The Company will inform in due course, the date of sixty-ninth (69 th) Annual General Meeting and the date of payment of dividend.

Elantas Beck India Q3 Results

The company announced its revenue from operations for December 2024 quarter at Rs 196.97, up 13.31% crore from Rs 173.83 crore reported in the similar quarter of last year. The total income declared at Rs 207.03 crore in December 2024 as compared to Rs 190.65 crore reported in the year ago quarter. The EPS of the company stood at Rs 37.52 for the December 2024 quarter from Rs 46.67 crore reported in December 2023 quarter.

Elantas Dividend History

It recommended a total of 23 dividends since September 17, 2002. In last 1-year, the company recommended an equity dividend amounting to Rs 5.00 per share. It offers a dividend yield of 0.06%, according to Trendlyne. The company never recommended any bonus share since Jan 1, 2000.

Elantas Beck India Shares Performance

The 52-week high price of Elantas Beck India shares on BSE stood at Rs 14,980.00 per share (as on 14/10/2024) and 52-week low price is Rs 7,601.05 per share (as on 13/03/2024), respectively. The company’s market cap stood at Rs 7,051.83 crore. Its return on equity is 18.20%. Elantas Beck India share declined over 22% in last 1-month, fell 30.26% year-to-date (YTD), and surged 6.27% in last 1-year. The stock surged 190.59% in last 5-years and 643.44% in last 10-years.

Why Elantas Beck India Shares Slipped 40.62% From 52-Week High

The stock witnessed steep decline of 40.62% from its 52-week high price of Rs 14,980.00 per share, if the last trading price of Rs 8895.20 per share is taken into consideration. Shares of several chemicals companies witnessed decline after Nirmala Sitharaman’s budget speech on Feb 1, 2025 as she refrained from declaring any measures for the sector. Earlier, experts emphasized and pushed for production-lined incentives schemes for chemicals sector.

Also, brokerage firm Axis Securities too expected some tax incentives for chemical manufacturing center Gujarat that would have directly or indirectly benefitted the chemicals sector. The sector saw robust growth until 2022 but later witnessed headwinds as a result of poor global demand and rise in low-cost Chinese imports. Meanwhile, there is glimmer of hope and early signs of recovery have started showing with a complete demand revival likely this fiscal year.

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