This Pharma Stock Fixes Record Date For 1500% Dividend Payout; Key Details For Investors


Dividend Paying Stock: Divis Laboratoriesa large-cap pharmaceuticals The firm, will quickly pay the ultimate dividend for the 12 months ending March 2022. While saying its Q4FY22 earnings, Divi’s Laboratories stated that its board has beneficial a dividend of Rs 30 for the monetary 12 months 2021-22. “We would like to inform that the Board of Directors of the Company at its meeting held on Monday has recommended a Dividend of Rs 30/- (ie 1500 per cent) per equity share of face value 2/- each for the financial year 2021-22, subject to the approval of the members at the ensuing 32nd Annual General Meeting (AGM),,” the pharma firm knowledgeable in an trade submitting.

The dividend shall be credited/ warrants thereof dispatched inside 30 (thirty) days from the conclusion of the AGM. The AGM date and ebook closure/report date for the aim of the cost of dividend might be knowledgeable sooner or later, the corporate added.

The ex-dividend date of the beneficial 1500 per cent remaining dividend is August 11, 2022, and the report date is August 12, 2022.

Divi’s Laboratories has good dividend payout historical past since 2003. It has declared steady 20 dividends since 2003. Out of those 20 dividends, 3 have been interim dividends and the remainder 17 together with this have been remaining dividends. In the previous 12 months, the corporate has declared a remaining 1000 per cent fairness dividend amounting to Rs 20 per share.

Financials

The firm, for the quarter ended 31-03-2022, reported a Consolidated Total income of Rs 2570.83 Crore, up 2.43 per cent from final quarter’s Total income of Rs 2509.86 Crore and up 41.90 per cent from final 12 months’s identical quarter Total Income of Rs. 1811.71 Crore. The firm reported a internet revenue after tax (PAT) of Rs 894.64 Crore within the newest quarter.

Stock Price History

On May 26, 2022, the inventory hit the 52-week degree at Rs 3,365.55 per share, whereas, it touched the 52-week excessive on 18 October 2021 at Rs 5,425.10 per share. The CMP is buying and selling at Rs 321.90 above the 52-week low ranges. The ROE of the inventory is 25.24 per cent. PE ratio is 33.07. PB ratio is 8.35. TTM EPS is Rs 111.52. In the previous 1 week, the shares of the corporate gained 2.14 per cent, whereas up to now 1 month 4. 52 per cent, respectively. The share has slid 19.64 per cent up to now 1 12 months, nonetheless, up to now 5 years, it has given a multi-bagger return of 405.3 per cent. It is a large-cap inventory with a market capitalization of Rs 97,890 crore.

Divi’s Laboratories Ltd., integrated within the 12 months 1990, is a Large Cap firm working within the Pharmaceuticals sector. It has been established for greater than 30 years in Hyderabad, India with two manufacturing items and is among the many high prescription drugs firms in India. Divi’s is the main producer of APIs (Active prescription drugs components), Intermediates, and Registered beginning supplies providing high-quality merchandise with the very best degree of compliance and integrity to over 100+ international locations. It has a market presence in 95 international locations and 14,000 staff and is likely one of the main pharmaceutical firms on the earth.

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