Manorama Industries Ltd Dividend 2024 : Should Manorama Industries Ltd be a part of your dividend portfolio?
Manorama Industries Ltd is one of the most popular Consumer Defensive company in the world with a market capitalisation of ₹3,801.23Cr. Its share price is ₹634.90 as on 1 May,2024.
The dividend is a percentage of earnings paid out to shareholders. Last year, Manorama Industries Ltd gave ₹2 for the full year, but should it be a part of your investments that give good dividends?
Key Highlights
Consumer Defensive stocks do not always pay a dividend but as Manorama Industries Ltd pays dividends to reward its shareholders.
In the quarter ending March 2023, Manorama Industries Ltd has declared dividend of ₹2 - translating a dividend yield of 0.32%.
Let's look at Manorama Industries Ltd’s capacity to pay dividends and consider its valuation to determine its virtues as a dividend stock:
Manorama Industries Ltd’s revenue were ₹102.54Cr in the quarter ending December 2023. The revenue grew by 6.15% year on year basis since last quarter.
Manorama Industries Ltd’s profits were ₹7.44Cr in the quarter ending December 2023. The profits grew by 3.91% year on year basis since last quarter.
Manorama Industries Ltd’s dividend was ₹2 in the quarter ending March 2023.