|INR per share|
Gail India paid a total dividend of 14,593 million INR last year, for a market capitalization of 637,422 millions. Dividend per share of Gail India is 8.63 INR, and his stock market price 376.95 INR.
According to the chart below, where dividend yield is displayed, Gail India has a dividend yield of 2.29%, lower than the amount offered by both the market average and companies from India. It is also lower than average of Oil and Gas industry. This low dividend yield might has several explanations: company overpriced, expanding their business,...
About the ability of Gail India to maintain his current dividend of INR 8.63 per share, an amount that accounts for 2.29%, we should study its payout ratio both on earnings and on cash-flows (see chart below). Gail India payout on ernings is currently 63.88%, which is higher than the market average, and companies of Oil and Gas industry, which are 39.68% and 27.16% respectively. Both figures show that Gail India can have problems to keep with his present dividend yield.
The payout on earnings should be complemented with the payout on cash flow since it is this latter amount the one which can be distributed to shareholders. Cash flow per share of Gail India is INR 30.40 per share, which is higher than the dividend per share paid by the company of INR 8.63, so the company generates enough cash to maintain his dividend in the future.
The following figure shows payout ratios over earnings and cashflow of Gail India, compared againt world market average, India companies, Oil and Gas industry and Oil and Gas Producers sector companies. You might also need to check full financial report of Gail India.
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