Eldeco Housing posts ₹164.9 cr revenue, hikes dividend to ₹9 per share
FY26 consolidated revenue rose 24% to ₹164.9 crore. The board proposed a final dividend of ₹9 a share, up from prior levels, subject to shareholder approval.
— 3 earlier stories on Eldeco Housing & Industries Ltd. →What's new
- Audited FY26 results show consolidated revenue up ~24% YoY to ₹164.9 cr.
- PAT grew ~13% to ₹24.3 cr.
- Board recommended a final dividend of 450% (₹9 per share), a notable increase.
Why this matters
The dividend hike to ₹9 a share is the most investor-facing signal. For a micro-cap real estate developer, a 450% payout ratio after a year of 24% revenue growth suggests the board is prioritising cash returns over reinvestment. The remuneration increase for the MD is less material but indicates leadership continuity.
What we're watching
- Whether the higher dividend is sustained or a one-off given the capex cycle.
- Shareholder approval of both the dividend and MD pay hike.
- FY27 revenue trajectory to see if growth holds above 20%.
The full read
Eldeco Housing's FY26 numbers are solid but not shocking. Consolidated revenue reached ₹164.9 crore, up ~24% year-on-year, while PAT grew ~13% to ₹24.3 crore. The real action is in the dividend. The board recommended a final payout of ₹9 per share, a 450% dividend. That's a sharp increase for a micro-cap developer, and it implies the company is generating enough cash to return it rather than channel every rupee into land or construction. The board also bumped the MD's pay within existing approvals. These are routine annual results that largely confirm the trend set by quarterly disclosures. The dividend, though, is the one number that could attract attention.
Questions answered
- How did Eldeco Housing's FY26 results look?
- Consolidated revenue rose approximately 24% year-on-year to ₹164.9 crore. Profit after tax grew about 13% to ₹24.3 crore. The company recommended a final dividend of 450% (₹9 per share).
- What is the significance of the ₹9 per share dividend?
- It is a substantial increase for a micro-cap real estate company. The 450% payout suggests the board sees enough cash flow to reward shareholders rather than hoard capital for the next project cycle.
- Did the board make any other decisions?
- Yes, the board approved an increase in the Managing Director's remuneration, though the hike was within limits previously sanctioned by shareholders.
- Are these numbers a surprise?
- The filing is a standard annual disclosure. The rationale notes the results confirm expectations built from quarterly trends and do not introduce new guidance. The dividend level may be the one data point exceeding consensus.
Eldeco Housing & Industries Ltd.
Latest quarter · Mar 2026
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Story so far
All notes on ELDEHSG →- 25 May 2026 · 5:56 PM IST Eldeco Housing posts ₹164.9 cr revenue, hikes dividend to ₹9 per share
- 52d ago Eldeco lifts Solano Gardens margin target after a 10-day sell-out
- 53d ago Eldeco's FY26 bookings jump 120% to a record ₹743.9 cr
- 53d ago Eldeco Housing posts 24% revenue growth, but profit lags