ASK Automotive Ltd Dividend 2024 : Should ASK Automotive Ltd be a part of your dividend portfolio?
ASK Automotive Ltd is one of the most popular Auto Ancillaries company in the world with a market capitalisation of ₹8,316.46Cr. Its share price is ₹397.40 as on 23 October,2024.
The dividend is a percentage of earnings paid out to shareholders. Last year, ASK Automotive Ltd gave ₹1 for the full year, but should it be a part of your investments that give good dividends?
Key Highlights
Auto Ancillaries stocks do not always pay a dividend but as ASK Automotive Ltd pays dividends to reward its shareholders.
In the quarter ending March 2024, ASK Automotive Ltd has declared dividend of ₹1 - translating a dividend yield of 0.25%.
Let's look at ASK Automotive Ltd’s capacity to pay dividends and consider its valuation to determine its virtues as a dividend stock:
ASK Automotive Ltd’s revenue were ₹866.20Cr in the quarter ending June 2024. The revenue grew by 31.29% year on year basis since last quarter.
ASK Automotive Ltd’s profits were ₹56.83Cr in the quarter ending June 2024. The profits grew by 63.12% year on year basis since last quarter.
ASK Automotive Ltd’s dividend was ₹1 in the quarter ending March 2024.