RACL Geartech Ltd Dividend 2024 : Should RACL Geartech Ltd be a part of your dividend portfolio?
RACL Geartech Ltd is one of the most popular Consumer Cyclical company in the world with a market capitalisation of ₹1,357.89Cr. Its share price is ₹1,305.10 as on 23 April,2024.
The dividend is a percentage of earnings paid out to shareholders. Last year, RACL Geartech Ltd gave ₹2.50 for the full year, but should it be a part of your investments that give good dividends?
Key Highlights
Consumer Cyclical stocks do not always pay a dividend but as RACL Geartech Ltd pays dividends to reward its shareholders.
In the quarter ending March 2023, RACL Geartech Ltd has declared dividend of ₹1.50 - translating a dividend yield of 0.19%.
Let's look at RACL Geartech Ltd’s capacity to pay dividends and consider its valuation to determine its virtues as a dividend stock:
RACL Geartech Ltd’s revenue were ₹115.27Cr in the quarter ending December 2023. The revenue grew by 15.26% year on year basis since last quarter.
RACL Geartech Ltd’s profits were ₹12.02Cr in the quarter ending December 2023. The profits grew by 0.42% year on year basis since last quarter.
RACL Geartech Ltd’s dividend was ₹1.50 in the quarter ending March 2023.