Laxmi Organic Industries Ltd Dividend 2024 : Should Laxmi Organic Industries Ltd be a part of your dividend portfolio?
Laxmi Organic Industries Ltd is one of the most popular Basic Materials company in the world with a market capitalisation of ₹7,062.75Cr. Its share price is ₹256.05 as on 2 May,2024.
The dividend is a percentage of earnings paid out to shareholders. Last year, Laxmi Organic Industries Ltd gave ₹0.50 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 Laxmi Organic Industries Ltd pays dividends to reward its shareholders.
In the quarter ending March 2023, Laxmi Organic Industries Ltd has declared dividend of ₹0.50 - translating a dividend yield of 0.20%.
Let's look at Laxmi Organic Industries Ltd’s capacity to pay dividends and consider its valuation to determine its virtues as a dividend stock:
Laxmi Organic Industries Ltd’s revenue were ₹699.64Cr in the quarter ending December 2023. The revenue grew by 6.35% year on year basis since last quarter.
Laxmi Organic Industries Ltd’s profits were ₹27.19Cr in the quarter ending December 2023. The profits fell by -0.15% year on year basis since last quarter.
Laxmi Organic Industries Ltd’s dividend was ₹0.50 in the quarter ending March 2023.
Laxmi Organic Industries Ltd Dividend related ratios: