Indigo Paints Ltd Dividend 2024 : Should Indigo Paints Ltd be a part of your dividend portfolio?
Indigo Paints Ltd is one of the most popular Basic Materials company in the world with a market capitalisation of ₹7,028.86Cr. Its share price is ₹1,491.95 as on 27 July,2024.
The dividend is a percentage of earnings paid out to shareholders. Last year, Indigo Paints Ltd gave ₹7 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 Indigo Paints Ltd pays dividends to reward its shareholders.
In the quarter ending March 2024, Indigo Paints Ltd has declared dividend of ₹3.50 - translating a dividend yield of 0.47%.
Let's look at Indigo Paints Ltd’s capacity to pay dividends and consider its valuation to determine its virtues as a dividend stock:
Indigo Paints Ltd’s revenue were ₹389.04Cr in the quarter ending March 2024. The revenue grew by 18.51% year on year basis since last quarter.
Indigo Paints Ltd’s profits were ₹53.68Cr in the quarter ending March 2024. The profits grew by 10.27% year on year basis since last quarter.
Indigo Paints Ltd’s dividend was ₹3.50 in the quarter ending March 2024.