Today is the ex-dividend date! With a 2:1 payout ratio and a 5-year return as high as 500%—do you hold this stock with such great potential?

A Promising Indian Stock: Shares of Elecon Engineering Company Ltd are set to trade ex-dividend, a move that will help determine the list of shareholders eligible to receive an interim dividend of ₹0.50 per share. The company’s board of directors has set October 21, 2026, as the record date for the dividend. Consequently, Elecon Engineering’s stock is drawing the attention of investors who look beyond mere share price fluctuations—specifically those focused on total returns. For such investors, the ex-dividend date is a critical milestone, as it marks the final deadline to purchase or increase one’s stake in the company to qualify for the cash payout. Notably, Elecon Engineering has consistently delivered strong returns to its shareholders; it stands out as a high-potential stock on Dalal Street (home to the Bombay Stock Exchange), having seen its share price surge by 500% over the past five years.

Elecon Engineering 2026 Dividend
The company’s Board of Directors has announced an interim dividend via a stock exchange filing, which states: “In accordance with applicable regulations, we hereby inform you that the Board of Directors, at its meeting held today (October 14, 2026), has—among other matters—approved the payment of an interim dividend for the 2026-27 financial year at a rate of ₹0.50 (i.e., 50%) per equity share with a face value of ₹1.”

Record Date for Elecon Engineering’s Dividend
The company’s Board of Directors has also announced a record date for determining the list of eligible shareholders. The company stated: “In accordance with applicable regulations, we hereby inform you that the Board of Directors, at its meeting held today (October 14, 2026), has—among other matters—approved October 21, 2026 (Wednesday) as the record date for determining shareholder eligibility for an interim dividend, pursuant to Regulation 42 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015.”

History of Bonus Issues at Elecon Engineering
According to information from the Bombay Stock Exchange (BSE) website, Elecon Engineering has a history of issuing bonus shares. The stock traded ex-bonus on October 10, 2007, to determine the list of shareholders eligible for a 2:1 bonus issue. However, this was the first and only time the stock has traded ex-bonus.

Elecon Engineering Stock Price History
As mentioned above, Elecon Engineering is one of the “multibagger” stocks in the Indian stock market. Over the past five years, the stock has gained approximately 500%. Despite facing persistent selling pressure throughout the year, the stock appears to have moved past its consolidation (bottoming-out) phase, posting a gain of about 10% over the last month.

Elecon Engineering Stock Price Target
Analyzing the technical chart patterns for Elecon Engineering, Mahesh M Ojha, Vice President of Research and Business Development at KC Securities, stated: “The stock’s daily chart shows a bullish trend. It has strong support at ₹428, with resistance on the upside at ₹474. If the stock closes above ₹474, it could potentially climb to ₹500 per share.”

Disclaimer: This article is for educational and informational purposes only. The views and recommendations expressed above are those of individual analysts or brokerage firms, not Mint. We advise investors to consult with a licensed financial professional before making any investment decisions.