Schaeffler India, the Indian arm of the German automotive and industrial supplier, has announced a significant dividend of Rs 35 per equity share. This payout, equivalent to 1,750 percent on a face value of Rs 2 per share, represents the highest dividend amount declared by the company in the last five years since its stock split in February 2022.
The company has set April 23, 2026, as the record date for the dividend payment, meaning shares will trade ex-dividend on the same day. Investors wishing to be eligible for this dividend must purchase shares by April 22, 2026. The declared dividend is slated for payment within 30 days of the record date.
Stock Performance and Market Capitalization
Following the dividend announcement, Schaeffler India's shares saw a nearly 2.75 percent increase, reaching Rs 4,289.95 on Wednesday. The company currently boasts a robust market capitalization of approximately Rs 66,500 crore. The stock has demonstrated strong performance, gaining 8 percent over the last month and 10 percent year-to-date in 2026. Over longer periods, the shares have surged by nearly 30 percent in the past year, 330 percent over five years, and an impressive 575 percent in six years.
Upcoming Financial Results and Analyst Outlook
In a separate regulatory filing dated April 14, 2026, Schaeffler India announced that its board of directors would convene on April 29, 2026, to review and approve the unaudited standalone and consolidated financial results for the quarter ended March 31, 2026.
Analyst firms have offered mixed views on Schaeffler India's prospects. Kotak Institutional Equities anticipates a 25 percent year-over-year revenue increase for the March 2026 quarter, driven by strong growth in automotive technologies and other segments. However, Kotak maintains a 'reduce' rating with a target price of Rs 3,700.
Conversely, B&K Securities projects a 23 percent year-over-year revenue rise and improved EBITDA margins for the quarter, alongside a 24.7 percent increase in net profit. B&K Securities holds a 'buy' rating on the stock. Sharekhan also previously issued a 'buy' rating with a target price of Rs 4,170, which has already been met.
Dividend History and Shareholding
This Rs 35 dividend marks the fifth annual dividend declared by Schaeffler India since its stock split in February 2022, and it is the highest payout during this period. Previous dividends include Rs 28 per share in April 2025, Rs 26 in April 2024, Rs 24 in April 2023, and Rs 16 in April 2022.
As of March 31, 2026, the company's shareholding pattern indicates that promoters hold a significant 74.13 percent stake. Domestic institutional investors, including mutual funds and insurance companies, own 16.35 percent, while over 62,500 retail investors collectively hold 4.27 percent of the equity shares.