Filtra Consultancy and Services Ltd is among the smallest names on this dividend screen with a market capitalisation of Rs 61 crore, yet it appears on the list with a 143.28% quarterly profit growth — a figure that commands explanation. At Rs 1.63 crore of quarterly net profit on Rs 50.25 crore of revenue, this is a very small business where percentage growth numbers require absolute-scale context before any income conclusion is drawn.
Key Highlights
- Filtra Consultancy (BSE:FILTRA) offers a trailing dividend yield of 3.57% at a current market price of Rs 55.99.
- Quarterly net profit stood at Rs 1.63 crore, representing a 143.28% change year-on-year on revenues of Rs 50.25 crore (15.46% change).
- Return on capital employed (ROCE) stands at 19.20%, with a dividend payout ratio of 58.77%.
- Market capitalisation is approximately Rs 61 crore. Three-year profit growth is 2.83%.
Financial Snapshot
Company Overview and Business Model
Filtra Consultancy and Services is a BSE-listed company providing engineering consultancy, services and solutions, with operations that appear to be focused on water treatment, filtration systems and related industrial services. The company serves clients in the industrial and infrastructure segments who require water and effluent treatment plant design, installation and maintenance services.
Detailed business information for Filtra is not widely covered by institutional research, and investors should rely on the company's BSE filings, annual report and the Ministry of Corporate Affairs database for verified operational details. At Rs 61 crore market cap, the company falls below the threshold at which most professional analysts maintain coverage.
Financial Review
Quarterly profit of Rs 1.63 crore grew 143.28% from a very low base in the prior year. Revenue of Rs 50.25 crore grew 15.46% — a solid top-line performance for a small industrial services company. ROCE of 19.20% is reasonable. Three-year profit growth of 2.83% is nearly flat, suggesting the 143.28% quarterly figure is more about a prior-year trough than a sustained improvement. The payout ratio of 58.77% at Rs 1.63 crore quarterly profit means the absolute annual dividend is well under Rs 10 crore — very small in absolute terms.
Dividend Profile and History
The 3.57% trailing yield from a company earning Rs 1.63 crore per quarter should be contextualised: the absolute annual dividend income from a meaningful investment in this stock will be small in rupee terms. The payout ratio of 58.77% appears high relative to the earnings base, and any quarterly profit variability directly affects the dividend amount.
Future Outlook
Filtra's growth prospects depend on demand for water treatment and filtration solutions from the industrial and infrastructure sectors. India's focus on wastewater treatment infrastructure (AMRUT, Smart Cities) and industrial effluent compliance requirements could drive project demand. However, at this market cap and coverage level, forward visibility is limited without direct engagement with company management or detailed reading of its order book disclosures.
Investor Insights
- 28% profit growth from Rs 0.67 crore to Rs 1.63 crore — meaningful in percentage, but the absolute Rs 0.96 crore improvement is the more useful number.
- Three-year profit growth of 2.83% is nearly flat, indicating this is not a sustained growth business based on the medium-term record.
- At Rs 61 crore market cap, trading liquidity will be very limited — this is not a stock where large positions can be established or exited easily.
- Investors should read the company's annual report directly before making any decision, given the absence of institutional research coverage.
Frequently Asked Questions
Q: What does Filtra Consultancy do?
A: Filtra Consultancy provides engineering consultancy and services focused on water treatment and filtration systems for industrial and infrastructure clients. Investors should verify specific business details from BSE filings.
Q: Why does Filtra show 143.28% profit growth?
A: The high percentage growth reflects a very low prior-year profit base. The absolute improvement is from approximately Rs 0.67 crore to Rs 1.63 crore — meaningful for the company but small in market terms.
Q: Is Filtra Consultancy suitable for income investors?
A: This is general commentary only. The absolute income from this stock at its current earnings level is very small. Investors seeking meaningful dividend income should consider whether the absolute payout justifies the micro-cap risks involved.
Q: Where can I find verified information about Filtra Consultancy?
A: BSE filings (bseindia.com), the company's annual report, and Ministry of Corporate Affairs registrations are the primary verified sources. Institutional coverage is limited for companies at this market cap.
Conclusion
Filtra Consultancy earns its place on a high-yield screen by mathematics, not by income scale. The 3.57% yield is real, but at Rs 1.63 crore of quarterly profit the absolute dividend income is negligible for most investors. The business appears to be in the right sector (water and effluent treatment), and revenue is growing, but the three-year profit track record of 2.83% growth does not match the dramatic quarterly figure. This is a micro-cap requiring direct due diligence, not a name for broad income-portfolio inclusion.