Shares of Polycab India Ltd. will be of interest on Monday, as the day marks the last session for investors to buy shares to qualify for receiving the dividend before the stock goes ex-record date.
The record date determines the eligible shareholders who will receive the dividend payment. The ex-dividend date, which mostly coincides with the record date, marks when the share price adjusts to reflect the upcoming payout.
Polycab's board announced a final dividend of Rs 35 per share for financial year 2025; this is the highest dividend announced by the company. The record date to determine the shareholders eligible for the dividend payout has been fixed as June 24.
The dividend, if approved by the members in the ensuing Annual General Meeting, will be paid on or before 30 days from the date of the Annual General Meeting.
The total value of the dividend to be disbursed amounts to around Rs 526 crore.
Given India's T+1 settlement cycle, shares purchased on the record date (June 24 in this case) will not be eligible for the dividend payment. Therefore, investors who own shares by June 23 will be the beneficiaries.
In comparison the company had issued a final dividend of Rs 30 in financial year 2024 and a dividend of Rs 20.
Jefferies on Monday maintained a 'buy' rating on Polycab while hiking the target price from Rs 7,150 to Rs 7,050. The company gained 1% market share in organised cables and wires noted the brokerage and it further pointed that the market share now stands at 26–27%.
Timely capex helped deliver a 26% sales CAGR in the C&W segment added the brokerage.
Its FMEG segment turned profitable after 10 quarters. EPS CAGR for financial year 2025–2028 is estimated at 26%, backed by a strong order book and improved FMEG margins.
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