Record Date for Onward Technologies' Final Dividend for FY25 is July 4th
By Ankur Chandra | Published at: Jun 24, 2025 11:19 AM IST
Mumbai, June 24, 2025: Onward Technologies Limited (NSE: ONWARDTEC, BSE: 517536) has officially announced Friday, July 4, 2025, as the record date for determining which shareholders will be eligible to receive its proposed ₹5 per equity share final dividend for the financial year 2024–25. This payout, if approved by shareholders at the upcoming Annual General Meeting (AGM), would mark the company’s largest dividend in over a decade.
This announcement follows the company’s initial board recommendation for the FY25 dividend, which was communicated on May 16, 2025. The proposed ₹5 dividend indicates a 66.7% year-on-year increase, signalling growing confidence in the company’s financial outlook and long-term sustainability.
Dividend Snapshot
| Particulars | FY 2024–25 Details |
|---|---|
| Proposed Dividend | ₹5 per equity share |
| Face Value | ₹10 per share |
| Record Date | July 4, 2025 |
| Dividend Type | Final Dividend |
| Approval | Subject to AGM approval |
| Payout Deadline | Within 30 days of the declaration |
| Tax Applicability | As per the Income Tax Act, 1961 |
| SEBI Regulation | Reg 42 of SEBI (LODR), 2015 |
Rising Dividend Trajectory Reflects Strong Performance
Onward Technologies has consistently increased its dividend payouts over the last few years, a clear indicator of its improving profitability and robust cash flow generation. The current recommendation of ₹5 per share is a notable increase from last year’s ₹3 dividend, demonstrating a continuing commitment to enhancing shareholder returns.
The company’s consolidated revenue from operations for FY25 stood at ₹491.32 crores, an increase from ₹472.39 crores in FY24. While the consolidated net profit for FY25 was ₹27.08 crores, a slight decrease from ₹33.92 crores in FY24, the company’s Q4 FY25 net profit showed strong growth, reaching ₹10.41 crores, which is significantly higher than ₹6.68 crores in Q4 FY24. This strong quarterly performance, along with management’s confidence in future revenue and EBITDA guidance (projected revenue between ₹490-510 crores and EBITDA margin of 9-11% for FY25), likely underpins the increased dividend.
Historical Dividend Record (Last 8 Years)
| FY | Dividend/Share (₹) | Ex-Date | Book Closure |
|---|---|---|---|
| 2024–25 | 5.00 (proposed) | 12-Jul-2024* | 13-Jul to 19-Jul* |
| 2023–24 | 3.00 | 10-Jul-2023 | 11-Jul to 17-Jul |
| 2022–23 | 3.00 | 08-Jul-2022 | 12-Jul to 18-Jul |
| 2021–22 | 3.00 | 07-Jul-2021 | 09-Jul to 15-Jul |
| 2020–21 | 1.50 | 08-Jul-2020 | 10-Jul to 16-Jul |
| 2019–20 | 1.50 | 17-Jul-2019 | 19-Jul to 25-Jul |
| 2018–19 | 1.00 | 12-Jul-2018 | 14-Jul to 20-Jul |
| 2017–18 | 1.00 | 13-Jul-2017 | 15-Jul to 21-Jul |
*FY25 dates are subject to AGM approval and formal declaration.
Compliance and Payout Framework
In accordance with Regulation 42 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, the record date has been duly communicated. Once approved by shareholders, the dividend will be distributed within 30 days of the Annual General Meeting date. As per the prevailing provisions of the Income Tax Act, 1961, the dividend payout will be subject to Tax Deducted at Source (TDS).
Share Price Effect
At around 10:18 AM, the shares of Onward Technologies were trading 1.71% or ₹5.30, at ₹314.90. It remains to be seen at what price the shares close at the end of today’s market session after the company’s announcement of a higher dividend in over a decade.
About the Company
Onward Technologies Limited is a publicly listed engineering R&D and digital services company, delivering integrated solutions to global enterprises across sectors including automotive, industrial equipment, healthcare, and transportation. Headquartered in Mumbai, the company operates delivery centres in India and international offices in North America and Europe. The stock is listed on NSE and BSE under the symbol ONWARDTEC, with ISIN INE229A01017.
REF: https://nsearchives.nseindia.com/corporate/MD11015_23062025173916_Record_Date.pdf
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