Rossari Biotech Ltd Dividend 2024 : Should Rossari Biotech Ltd be a part of your dividend portfolio?
Rossari Biotech Ltd is one of the most popular Basic Materials company in the world with a market capitalisation of ₹4,049.53Cr. Its share price is ₹727.45 as on 4 May,2024.
The dividend is a percentage of earnings paid out to shareholders. Last year, Rossari Biotech Ltd gave ₹1 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 Rossari Biotech Ltd pays dividends to reward its shareholders.
In the quarter ending March 2023, Rossari Biotech Ltd has declared dividend of ₹0.50 - translating a dividend yield of 0.14%.
Let's look at Rossari Biotech Ltd’s capacity to pay dividends and consider its valuation to determine its virtues as a dividend stock:
Rossari Biotech Ltd’s revenue were ₹473.29Cr in the quarter ending March 2024. The revenue grew by 15.58% year on year basis since last quarter.
Rossari Biotech Ltd’s profits were ₹34.13Cr in the quarter ending March 2024. The profits grew by 17.77% year on year basis since last quarter.
Rossari Biotech Ltd’s dividend was ₹0.50 in the quarter ending March 2023.