With a market value of Rs. 1,523.28 Crore, Huhtamaki India is a Small-cap company operating in Capital goods industry. Huhtamaki India Ltd., a leading producer of primary consumer packaging and decorative labeling solutions in India, is a subsidiary of Huhtamaki Oyj, a leading global player in the food packaging industry, headquartered in Finland.
Huhtamaki India said in a stock exchange filing that the board of directors has “recommended payment of dividend @ Rs. 2/- (Rupees Two only) per Equity Share of face value of Rs. 2/- each (100%), 31 Subject to the approval of the shareholders in the forthcoming 73rd Annual General Meeting for the financial year ending December 2022. Register of Members and Share Transfer Books for the purpose of payment of dividend for the financial year ending December 31, 2022 Friday, April 21, 2023 Tuesday, Will remain closed till 4th May 2023 (both days inclusive).
Huhtamaki India Limited has issued 23 dividends since May 31, 2001, as per Trendline data. Huhtmaki India Limited declares Equity Dividend 1.00 per share in the last 12 months. It generates a dividend yield of 0.50% at the current share price 202.30.
The company declared net income 527.23 crore during the quarter ending December 2022 as compared to Rs. 531.03 crore during the quarter ended December 2021. The net expense of the company was 491.14 Cr during Q3FY23 as compared to Rs. 486.13 Crore during the quarter ended Q3FY22 and its EBIT reached 36.09 cr as against 44.90 crore was recorded during the corresponding quarter of FY22. The company said its net profit 15.25 Cr during Q3FY23 as compared to Rs. 20.56 Cr during Q3FY22 and its EPS reached As against 2.10 during Q3FY23 2.83 during Q3FY22.
Huhtmaki India shares closed on the NSE on Friday 202.30 each, down 0.61% from the previous close 203.55. The stock touched a 52-week high 236.90 (07-Oct-2022) and 52-week low at 152.40 (20-Jun-2022). During Q3FY23, the company registered promoter shareholding of 67.73%, FII holding of 1.03%, DII holding of 0.50% and public holding of 30.72%. At current levels, the promoter stake in Huhtmaki India is significantly higher than its peers such as EPL Limited, Polyplex Corporation, Uflex, AGI Greenpac and Cosmo First.
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