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 ₹6,562.41Cr. Its share price is ₹1,380.20 as on 6 May,2024.
The dividend is a percentage of earnings paid out to shareholders. Last year, Indigo Paints Ltd gave ₹3.50 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 2023, Indigo Paints Ltd has declared dividend of ₹3.50 - translating a dividend yield of 0.25%.
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 ₹356.83Cr in the quarter ending December 2023. The revenue grew by 25.19% year on year basis since last quarter.
Indigo Paints Ltd’s profits were ₹37.26Cr in the quarter ending December 2023. The profits grew by 41.89% year on year basis since last quarter.
Indigo Paints Ltd’s dividend was ₹3.50 in the quarter ending March 2023.