Balu Forge Industries Ltd Dividend 2024 : Should Balu Forge Industries Ltd be a part of your dividend portfolio?
Balu Forge Industries Ltd is one of the most popular Industrials company in the world with a market capitalisation of ₹2,901.30Cr. Its share price is ₹282.60 as on 4 May,2024.
The dividend is a percentage of earnings paid out to shareholders. Last year, Balu Forge Industries Ltd gave ₹0.10 for the full year, but should it be a part of your investments that give good dividends?
Key Highlights
Industrials stocks do not always pay a dividend but as Balu Forge Industries Ltd pays dividends to reward its shareholders.
In the quarter ending September 2021, Balu Forge Industries Ltd has declared dividend of ₹0.10 - translating a dividend yield of 0.04%.
Let's look at Balu Forge Industries Ltd’s capacity to pay dividends and consider its valuation to determine its virtues as a dividend stock:
Balu Forge Industries Ltd’s revenue were ₹148.94Cr in the quarter ending December 2023. The revenue grew by 61.87% year on year basis since last quarter.
Balu Forge Industries Ltd’s profits were ₹25.45Cr in the quarter ending December 2023. The profits grew by 122.27% year on year basis since last quarter.
Balu Forge Industries Ltd’s dividend was ₹0.10 in the quarter ending September 2021.
Balu Forge Industries Ltd Dividend related ratios: