Gujarat Toolroom Ltd Dividend 2024 : Should Gujarat Toolroom Ltd be a part of your dividend portfolio?
Gujarat Toolroom Ltd is one of the most popular Industrials company in the world with a market capitalisation of ₹155.16Cr. Its share price is ₹29.32 as on 3 May,2024.
The dividend is a percentage of earnings paid out to shareholders. Last year, Gujarat Toolroom Ltd gave ₹1 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 Gujarat Toolroom Ltd pays dividends to reward its shareholders.
In the quarter ending March 2024, Gujarat Toolroom Ltd has declared dividend of ₹1 - translating a dividend yield of 3.41%.
Let's look at Gujarat Toolroom Ltd’s capacity to pay dividends and consider its valuation to determine its virtues as a dividend stock:
Gujarat Toolroom Ltd’s revenue were ₹131.08Cr in the quarter ending December 2023. The revenue grew by 18625.71% year on year basis since last quarter.
Gujarat Toolroom Ltd’s profits were ₹14.33Cr in the quarter ending December 2023. The profits grew by 2139.06% year on year basis since last quarter.
Gujarat Toolroom Ltd’s dividend was ₹1 in the quarter ending March 2024.