Ashapura Minechem Ltd Dividend 2024 : Should Ashapura Minechem Ltd be a part of your dividend portfolio?
Ashapura Minechem Ltd is one of the most popular Basic Materials company in the world with a market capitalisation of ₹3,376.85Cr. Its share price is ₹375.75 as on 3 December,2024.
The dividend is a percentage of earnings paid out to shareholders. Last year, Ashapura Minechem Ltd gave ₹1 for the full year, but should it be a part of your investments that give good dividends?
Key Highlights
Basic Materials stocks do not always pay a dividend but as Ashapura Minechem Ltd pays dividends to reward its shareholders.
In the quarter ending March 2022, Ashapura Minechem Ltd has declared dividend of ₹0.50 - translating a dividend yield of 0.27%.
Let's look at Ashapura Minechem Ltd’s capacity to pay dividends and consider its valuation to determine its virtues as a dividend stock:
Ashapura Minechem Ltd’s revenue were ₹605.25Cr in the quarter ending September 2024. The revenue grew by 3.26% year on year basis since last quarter.
Ashapura Minechem Ltd’s profits were ₹44.33Cr in the quarter ending September 2024. The profits fell by -25.28% year on year basis since last quarter.
Ashapura Minechem Ltd’s dividend was ₹0.50 in the quarter ending March 2022.
Ashapura Minechem Ltd Dividend related ratios:
Last dividend date: 28/05/2022
Current Dividend Yield: 0.27%
Annual dividend payment: ₹1
History of Ashapura Minechem Ltd's Dividend payments