Dividend Stock: You will get ₹ 7 dividend on every share, 23rd April is the record date

Dividend Share: Automotive components supplier CIE Automotive India is going to give a final dividend of Rs 7 per share to its shareholders. This decision was taken in the board meeting on 20 February. The company follows the January-December financial year. The record date for dividend is 23 April 2025. Shareholders whose names are in the records of the Register of Members of the Company or Depositories as beneficial owners of shares till this date will be entitled to receive dividend.

The company had paid a final dividend of Rs 2.50 per share in 2022, Rs 2.50 in 2023 and Rs 5 per share in 2024. The company's 26th Annual General Meeting is scheduled to be held on April 30, 2025. The face value of CIE Automotive India shares is Rs 10. On Friday, February 21, the stock closed at Rs 421 on BSE. The market cap of the company is Rs 15900 crore.

CIE Automotive India stock fell 24 percent in 6 months

According to BSE data, the stock has fallen 24 per cent in the last 6 months and 11 per cent in 2 weeks. Promoters held 65.70 per cent stake in CIE Automotive India as of end-December 2024. The stock has hit a record high of Rs 628.45 and a record low of Rs 401 on BSE so far. The upper circuit for the stock is at Rs 505.20 and the lower circuit is at Rs 336.80. The price band is 20 per cent.

Financial position of the company

CIE Automotive India's revenue on a standalone basis stood at Rs 1,118.93 crore in the October-December 2024 quarter. Meanwhile, net profit stood at Rs 116.12 crore and earnings per share at Rs 3 crore. In FY 2024, revenue on a standalone basis was Rs 4,563.47 crore, net profit at Rs 583.41 crore and earnings per share at Rs 15.38 crore.