Tirupati Forge Ltd Dividend 2024 : Should Tirupati Forge Ltd be a part of your dividend portfolio?
Tirupati Forge Ltd is one of the most popular Basic Materials company in the world with a market capitalisation of ₹182.77Cr. Its share price is ₹18.95 as on 29 April,2024.
The dividend is a percentage of earnings paid out to shareholders. Last year, Tirupati Forge Ltd gave ₹0.10 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 Tirupati Forge Ltd pays dividends to reward its shareholders.
In the quarter ending June 2021, Tirupati Forge Ltd has declared dividend of ₹0.10 - translating a dividend yield of 0.53%.
Let's look at Tirupati Forge Ltd’s capacity to pay dividends and consider its valuation to determine its virtues as a dividend stock:
Tirupati Forge Ltd’s revenue were ₹32.50Cr in the quarter ending December 2023. The revenue grew by 90.95% year on year basis since last quarter.
Tirupati Forge Ltd’s profits were ₹2.05Cr in the quarter ending December 2023. The profits grew by 100.98% year on year basis since last quarter.
Tirupati Forge Ltd’s dividend was ₹0.10 in the quarter ending June 2021.