Home/ Markets / Stock Markets/  Small cap stock with high promoters shareholding declares 27 per share dividend: Do you own?

During Thursday's closing session, Cheviot firm, a small cap firm, registered a market cap of 686.89 Cr. The corporation operates in the textile, tea, and educational industries. 

“Please be informed that the Board of Directors of the Company at their meeting held on 25th May 2023 have recommended a final dividend of 27/- (270%) per ordinary share on 60,16,875 fully paid-up ordinary shares of face value of 10/- each aggregating to 16,24,55,625/- (Rupees Sixteen Crores Twenty-Four Lakhs Fifty-Five Thousand Six Hundred Twenty-Five only) for the year ended 31st March 2023, subject to approval of the members at the ensuing annual general meeting (AGM) of the Company convened to be held on Friday, 11th August 2023. Further, pursuant to Regulation 42 of Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015, please be informed that dividend, as recommended by the Board of Directors, if declared at the AGM, will be paid, subject to deduction of income tax at source, on and from Wednesday, 16th August 2023 to those members, whose names shall appear in the Company’s Register of Members and as Beneficial Owners as per details to be furnished by National Securities Depository Limited and Central Depository Services (India) Limited at the close of business hours on Friday, 4th August, 2023, being the Record Date fixed for the purpose of dividend," said Cheviot Company in a stock exchange filing today.

During Q4FY23, the company reported net revenue of Rs 134.82 Cr as compared to 163.53 Cr in Q4FY22. Its net income stood at 136.99 Cr against 166.83 Cr in the year-ago quarter. The net profit of Cheviot Company reached Rs 13.71 Cr during the quarter under review as against 15.07 Cr during the corresponding quarter of FY22. Its EPS stood at 22.79 during Q4FY23 as against 24.21 in the March 2022 quarter.

The shares of Cheviot Company closed today on the BSE at 1141.60 apiece down by 2.22% from the previous close of 1167.50. The stock touched a 52-week-high of 1,485.00 on (02/08/2022) and a 52-week-low of 966.00 on (29/03/2023). During Q4FY23, Cheviot Company reported promoters shareholding of 74.83%, FIIs stake of 0.27%, DIIs stake of 0.15%, Govt stake of 0.02% and public shareholding of 24.74%. The promoters shareholding of the company at the current level is much higher than its peers such as Sheela Foam, Gloster Ltd, AI Champ.Inds, Ludlow Jute. 

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Updated: 25 May 2023, 06:02 PM IST
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