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 ₹7,064.69Cr. Its share price is ₹254.30 as on 24 July,2024.
The dividend is a percentage of earnings paid out to shareholders. Last year, Laxmi Organic Industries Ltd gave ₹0.60 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 2024, Laxmi Organic Industries Ltd has declared dividend of ₹0.60 - translating a dividend yield of 0.24%.
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 ₹799.96Cr in the quarter ending March 2024. The revenue grew by 8.54% year on year basis since last quarter.
Laxmi Organic Industries Ltd’s profits were ₹44.31Cr in the quarter ending March 2024. The profits grew by 82.2% year on year basis since last quarter.
Laxmi Organic Industries Ltd’s dividend was ₹0.60 in the quarter ending March 2024.
Laxmi Organic Industries Ltd Dividend related ratios: