INDIA NIPPON ELECTRICALS LTD Dividend 2024, Record Date, Share Price, History

News: India Nippon Electricals Ltd. (INDNIPPON) is a well-known player in the consumer cyclical sector. With a market capitalization of ₹1,569.81 crore, it has garnered attention from investors and traders alike. Let’s delve into the details of their recent dividend announcement.

The Dividend Announcement

India Nippon Electricals has made waves by declaring an impressive 205% dividend on each share. This small-cap company is set to pay out ₹10.25 per share to its shareholders. But what does this mean for investors? Let’s break it down.

Understanding Dividends

A dividend is a portion of a company’s earnings distributed to its shareholders. It’s like a little bonus for being part of the company’s success story. In this case, India Nippon Electricals is sharing its profits with those who hold its shares.

Record Date and Payment Date

1. Record Date: The company has set a record date for the dividend. On this date, the company will identify who the eligible shareholders are. If you own India Nippon Electricals shares on or before this date, you’ll receive the dividend.

2. Payment Date: Once the record date is determined, the company will proceed to pay out the dividend. Shareholders can expect to receive ₹10.25 per share on the specified payment date.

Historical Perspective

India Nippon Electricals has a track record of rewarding its shareholders. Over the years, it has declared dividends consistently. In the past 12 months, the company paid an equity dividend of ₹9.25 per share. Considering the current share price of ₹647.70, this translates to a dividend yield of approximately 1.43%.

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About INDIA NIPPON ELECTRICALS LTD :

India Nippon Electricals Limited (INEL) is a remarkable company that has been shaping the automotive industry since its inception in 1984. Let’s delve into what makes this company special and how it contributes to the world of electronic ignition systems.

The Genesis: A Joint Venture

INEL was born out of collaboration. In 1986, it transformed into a joint venture between two key players: Lucas Indian Service Limited (a wholly-owned subsidiary of Lucas-TVS Limited) and MAHLE Electric Drives Japan Corporation from Japan. The latter is part of the esteemed MAHLE Group based in Germany. Together, they set out to manufacture cutting-edge Electronic Ignition Systems for two-wheelers, three-wheelers, and portable engines.

Igniting Innovation

What exactly does INEL do? Well, it’s all about ignition! They specialize in creating electronic ignition systems that power our beloved two-wheelers and three-wheelers. These systems are the heart of starting our engines, ensuring smooth rides, and reducing emissions. Imagine the magic that happens when you turn the key or kick-start your scooter – that’s where INEL’s expertise shines.

Customer-Centric Approach

Over the years, INEL has expanded its horizons. Today, it supplies ignition systems to most major manufacturers of two-wheelers, three-wheelers, and gensets. Their net sales for the year ended March 2015 reached an impressive Rs. 3274 Million (approximately USD 50 Million). But it’s not just about numbers; it’s about quality and service.

Manufacturing Units Across India

INEL operates from three strategically located manufacturing units:

1. Hosur Unit (Tamil Nadu): Nestled in a sprawling 32-acre eco-friendly area, this plant is about 50 kilometers from Bangalore. It’s where the magic begins – where ignition systems take shape.

2. Pondicherry Unit: Located in Kariamanickam Village, about 25 kilometers from Pondicherry city, this unit adds to INEL’s prowess. Here, precision meets innovation.

3. Rewari Unit (Haryana): Just 35 kilometers from Gurgaon, this plant ensures timely supplies and quick responses to customer needs. It’s all about staying close to the action.

Adapting and Thriving

INEL has demonstrated its ability to adapt to changing business landscapes and technological demands. As the two-wheeler industry evolves, so does INEL. They’ve mastered the art of quality and customer service, making them a trusted name in the ignition world.

Investors should keep an eye on the record date and ensure they hold India Nippon Electricals shares by that time. If you’re a shareholder, mark your calendar for the payment date and enjoy the fruits of your investment.

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