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 ₹537.37Cr. Its share price is ₹54.42 as on 9 December,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 0.18%.
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 ₹32.57Cr in the quarter ending September 2024. The revenue grew by 36.28% year on year basis since last quarter.
Tirupati Forge Ltd’s profits were ₹2.64Cr in the quarter ending September 2024. The profits grew by 72.55% year on year basis since last quarter.
Tirupati Forge Ltd’s dividend was ₹0.10 in the quarter ending June 2021.