Deepak Nitrite Dividend yield




   INR/share 
 Price  2,220.00
 Dividend  7.55
 Earnings  62.89
 Cash-flow  45.96
 Book value  300.00
 Equity  272.25

Deepak Nitrite is part of Chemicals business, which is part of Basic Materials industry. Deepak Nitrite is a company from India, and his stocks are publicly traded.

Deepak Nitrite stock dividend

Deepak Nitrite paid a total dividend of 1,027 million INR last year, for a market value of 301,920 millions (Market Cap 164,451 millions). Deepak Nitrite dividend per share is 7.55 INR, and his stock market price 2,220.00 INR.

According to the chart below, where dividend yield is displayed, Deepak Nitrite has a dividend yield of 0.34%, lower than the amount offered by both the market average and companies from India. It is also lower than average of Basic Materials industry. This low dividend yield might has several explanations: company overpriced, expanding their business,...

In addition, you should compare Deepak Nitrite stocks dividend with other Chemicals companies or other of the high India dividend stocks list.

Dividend yield of Deepak Nitrite

Deepak Nitrite Dividend Payout

About the ability of Deepak Nitrite to maintain his current dividend of INR 7.55 per share, an amount that accounts for 0.34%, we should study its payout ratio both on earnings and on cash-flows (see chart below). Deepak Nitrite payout on ernings is currently 12.01%, which is lower than the market average and companies of Basic Materials industry, which are 39.34% and 38.07% respectively. Both figures lead us to believe that there is confidence that Deepak Nitritecan maintain his current dividend.

The payout on earnings should be complemented with the payout on cash flow since it is this last amount the one which can be distributed to shareholders. Cash flow per share of Deepak Nitrite is INR 45.96 per share, which is higher than the dividend per share paid by the company of INR 7.55, so the company generates enough cash to maintain his dividend in the future.

The following figure shows payout ratios over earnings and cashflow of Deepak Nitrite, compared againt world market average, India companies, Basic Materials industry and Chemicals sector companies.

Deepak Nitrite payout

Deepak Nitrite Dividend History

Below you will find a table with the historical evolution of Deepak Nitrite's dividend stock, both in percentage and in INR, its Payout on Earnings and the number of shares (in case there is an split, number shares altered the dividend per share).

Year Yield  INR  Paypout  Shares* 
Present0.34%7.5512.01%136
20220.35%6.958.86%136

*In millions

Deepak Nitrite Stock performance

Finally, last moth Deepak Nitrite showed a return of 10.40% compared to a worldwide -2.49% average, and a -3.66% of Basic Materials firms. Over the last year, the company obtained a 12.20% versus a worldwide performance of a 8.71%. More detailed information can be seen in the following graph for India and Chemicals firms.

Deepak Nitrite stock and market return