How much did consolidated profit grow?

Consolidated net profit for FY26 was ₹29.12 crore, up from ₹23.20 crore the year before, a growth of about 25%.

What was the dividend change?

The board recommended ₹20 per share, down from ₹30 per share in the prior fiscal year. The total payout is about ₹1.24 crore.

Did standalone and consolidated results diverge?

Yes. Standalone revenues grew modestly to ₹25.45 crore from ₹23.24 crore, but standalone net profit declined year-on-year.

Is this a routine earnings release?

Yes. The filing is a standard annual result announcement for a nano-cap company. The numbers and dividend are generally anticipated by the market.

Earnings · Tea/Coffee · Micro cap

Neelamalai posts 25% profit growth but cuts dividend to ₹20

Consolidated net profit rose to ₹29.12 cr, yet the board halved the payout per share from the prior year's ₹30.

— 1 earlier story on Neelamalai Agro Industries Ltd. →

NEAGI By Tipsheet Editorial 29 May 2026 · 7:36 PM IST Verify on BSE · NSE

Mkt cap₹199 cr

P/E6.83×

ROE7.75%

Debt / eq.0.00

Div yld0.63%

₹20 per share Final dividend, down from ₹30 per share in FY25.

What's new

FY26 consolidated net profit rose to ₹29.12 cr, a 25% increase from ₹23.20 cr.
Board recommended a ₹20/share dividend, a third less than last year's ₹30.
Standalone net profit declined even as consolidated profit grew.

Why this matters

A dividend cut in a profit-growth year is a clear signal. For a ₹205 cr market cap company, the shift to retaining cash is the real story.

What we're watching

Whether the retained cash funds a specific capex or strengthens the balance sheet.
The standalone profit trajectory, which moved inversely to consolidated growth.
Management commentary at the August 19 AGM on capital allocation plans.

The full read

Neelamalai Agro's consolidated profit grew. The dividend didn't. The board cut the payout to ₹20 per share from last year's ₹30, despite a 25% jump in consolidated net profit to ₹29.12 crore. Standalone revenues ticked up to ₹25.45 crore from ₹23.24 crore, but standalone profit actually fell. For a company with a ₹205 crore market cap, the retained capital is material. The total dividend outlay shrinks to ₹1.24 crore. The move suggests a shift toward internal reinvestment or balance-sheet repair, but the filing provides no explanation. The AGM is set for August 19.

Questions answered

How much did consolidated profit grow?: Consolidated net profit for FY26 was ₹29.12 crore, up from ₹23.20 crore the year before, a growth of about 25%.
What was the dividend change?: The board recommended ₹20 per share, down from ₹30 per share in the prior fiscal year. The total payout is about ₹1.24 crore.
Did standalone and consolidated results diverge?: Yes. Standalone revenues grew modestly to ₹25.45 crore from ₹23.24 crore, but standalone net profit declined year-on-year.
Is this a routine earnings release?: Yes. The filing is a standard annual result announcement for a nano-cap company. The numbers and dividend are generally anticipated by the market.

Mentioned: ₹29.12 cr FY26 profit · ₹20 dividend (down from ₹30) · ₹205 cr market cap

Primary source BSE · NSE · Tijori

An independent reading of the company's own disclosure — the primary filing above is the final word.

Company snapshot

Neelamalai Agro Industries Ltd.

FMCG

₹193 cr

P/E 6.62×

Latest quarter · Mar 2026

Sales₹7 cr

Net profit−₹3 cr

Op. margin−5.9%

EPS₹106.46

Strength & growth

Debt / equity0.00×

Current ratio4.86×

Sales CAGR−2.5%

EPS CAGR+65.3%

Story so far

All notes on NEAGI →

29 May 2026 · 7:36 PM IST Neelamalai posts 25% profit growth but cuts dividend to ₹20
38d ago Neelamalai's profit grew, but its own operations barely contributed