This small cap stock declares ₹100 per share dividend: Do you own?

Hawkins Cookers is a small cap company that recorded a market cap of ₹3,376.75 Cr during today's closing session. The company has declared its Q4 and FY23 earnings today along with a whopping dividend of ₹100 per share for its eligible shareholders.

The Board of Directors have “Recommended payment of dividend of Rs.100 per equity share of the face value of Rs.10 per Equity Share for the financial year ended March 31, 2023, to the shareholders – subject to the approval of the shareholders at the ensuing 63rd Annual General Meeting (AGM) to be held on Wednesday, August 9, 2023. The said dividend shall be paid latest by September 8, 2023,” said Hawkins Cookers in a stock exchange filing today.

During Q4FY23, the company recorded a net income of ₹253.85 Cr down by 6.61% YoY from ₹271.83 Cr in Q4FY22. Its net profit stood at ₹22.80 Cr during the quarter ended March 2023 up by 6.69% YoY from ₹21.37 Cr recorded during the quarter ended March 2022. The EPS of Hawkins Cookers reached ₹43.12 during the quarter under review as against ₹40.42 in the year-ago quarter. 

During the entire financial year 2023 its net income stood at ₹1005.79 Cr compared to ₹958.01 Cr in FY22. The net profit of the company reached ₹94.78 Cr in 12MFY23 compared to ₹83.89 Cr in 12MFY22.

The shares of Hawkins Cookers closed today on the BSE at ₹6385.90 apiece down by 0.09% from the previous close of ₹6391.40. The stock touched a 52-week-high of ₹6,572.75 on (04/11/2022) and a 52-week-low of ₹4,932.05 on (23/06/2022). During Q4FY23, the company reported promoters shareholding of 56.03%, FIIs stake of 0.36%, DIIs stake of 17.30% and public stake of 26.29%.