Kamdhenu Limited, the Gurugram-based steel and paint products company listed on NSE under the symbol KAMDHENU, has recommended a final dividend of ₹0.40 per equity share for FY26, representing 40% on equity shares with a face value of ₹1 each. The recommendation was approved by the Board of Directors at its meeting held on May 27, 2026, and the company separately submitted its financial results for the quarter ended June 30, 2026, to the exchange on July 29, 2026.
Dividend Details
- Dividend per share: ₹0.40 (face value ₹1, payout rate 40%)
- Previous year (FY25): ₹0.25 per share
- Year-on-year increase: 60% rise in per-share payout
- The dividend is subject to shareholder approval at the ensuing Annual General Meeting
With the NSE trade data currently unavailable in the feed, a precise dividend yield cannot be computed at this time. Investors should calculate yield by dividing ₹0.40 by the prevailing market price at the time of the record date announcement.
Historical Dividend Trend
Kamdhenu's dividend history over the past eight years reveals a volatile but broadly upward trajectory, interrupted sharply in FY25. The per-share payouts have been as follows:
- FY18: ₹1.00 per share (face value ₹10)
- FY19: ₹1.00 per share (face value ₹10)
- FY20: ₹0.50 per share (face value ₹10, post sub-division adjusted)
- FY21: ₹0.80 per share
- FY22: ₹1.00 per share
- FY23: ₹1.50 per share
- FY24: ₹2.00 per share
- FY25: ₹0.25 per share
- FY26: ₹0.40 per share
The data points to a peak payout cycle between FY22 and FY24, with FY24's ₹2.00 per share marking the highest dividend in recent history. FY25 saw a sharp correction to ₹0.25, which the company attributed to no publicly stated reason in the exchange filing. FY26's ₹0.40 represents a partial recovery, though it remains 80% below the FY24 peak. Investors tracking income consistency should note that the dividend stream has not been stable and reflects underlying variability in distributable profits.
Q1 FY27 Results Submission
Alongside the dividend context, Kamdhenu Limited submitted its financial results for the quarter ended June 30, 2026, to NSE on July 29, 2026. Detailed revenue, EBITDA, and net profit figures were not reproduced in the exchange announcement text, and investors should refer to the full results filing on the NSE portal for a complete financial picture including margins and year-on-year comparisons.
Company Background
Kamdhenu Limited operates in two primary segments: steel (TMT bars sold through a franchise network) and paints (Kamdhenu Paints). The company follows an asset-light franchise model in steel, which distinguishes its capital structure from integrated steel manufacturers. Its ISIN is INE390H01012.
What This Means for Investors
The 60% increase in dividend per share from FY25 to FY26 signals improved distributable earnings relative to the prior year, but the absolute payout of ₹0.40 remains modest compared to the FY22 to FY24 period. Income-focused investors should weigh the recovery trend against the structural decline from the FY24 peak. The submission of Q1 FY27 results on the same date provides an opportunity to assess whether the earnings recovery is being sustained into the new fiscal year.
