PRECISION WIRES INDIA LTD Dividend 2024 Record Date, Share Price, History

News: Precision Wires India Ltd. (PWIL) is a prominent player in the non-ferrous metals industry. As investors and shareholders, understanding the company’s dividend history, share price trends, and upcoming events is crucial. In this article, we delve into PWIL’s dividend announcement for 2024, its share price performance, and historical context.

Dividend Announcement

On February 8, 2024, PWIL declared a dividend of Rs 0.3 per share. This dividend will be distributed to eligible shareholders. The record date for this dividend is February 20, 2024. If you own PWIL shares on or before this date, you’ll be entitled to receive the dividend.

Share Price Insights

As of February 15, 2024, PWIL’s share price stands at Rs 139.85 on the National Stock Exchange (NSE). Let’s take a closer look at some key metrics:

• PE Ratio: 39.16
• Earnings per Share (EPS): ₹3.57 (TTM)
• Market Capitalization (MCap): ₹2,498.53 crore
• Dividend Yield: 3.43%
• Face Value: ₹1.00

PWIL’s stock performance over the past year has been steady, with a 1-year beta of 0.76. The company has sufficient cash reserves to cover its contingent liabilities, ensuring stability.

Board Meeting and Agenda

On February 8, 2024, PWIL held a board meeting to discuss quarterly results and the interim dividend. Investors should keep a close eye on further announcements and developments.

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About PRECISION WIRES INDIA LTD :

Precision Wires India Ltd. (PWIL) is a significant player in the non-ferrous metals industry. Let’s explore some key aspects of this company:

Company Overview

• Business: PWIL is engaged in the manufacturing of various types of winding wires, including enameled round and rectangular wires, paper-insulated copper conductors, and continuously transposed conductors.
• Founding: The company was founded by Mahendra Ratilal Mehta in 1989.
• Headquarters: PWIL is headquartered in Mumbai, India.

Product Portfolio:

1. Enameled Round and Rectangular Winding Wires: These wires find applications in various industries, including power, automotive, consumer durables, and transformers. They are essential for electrical and electronic systems.
2. Continuously Transposed Conductor (CTC): Precision Wires manufactures CTC, which is crucial for efficient power transmission and distribution. CTC technology ensures minimal energy loss during electricity transfer.
3. Paper/Mica/Nomex Insulated Copper Conductor (PICC): PICC wires are insulated with materials like paper, mica, or Nomex. These conductors are widely used in electrical equipment, motors, and generators.

PWIL’s dividend announcement provides a positive signal for shareholders. As the company continues to navigate the market, staying informed about its financial health and strategic decisions is essential. Whether you’re a seasoned investor or a newcomer, understanding PWIL’s history and current position empowers you to make informed choices.

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