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 ₹3,976.98Cr. Its share price is ₹408.90 as on 24 July,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 0.02%.
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 ₹165.55Cr in the quarter ending March 2024. The revenue grew by 33.15% year on year basis since last quarter.
Balu Forge Industries Ltd’s profits were ₹28.28Cr in the quarter ending March 2024. The profits grew by 85.56% 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: