|INR per share|
Glenmark Pharmaceuti paid a total dividend of 575 million INR last year, for a market capitalization of 260,991 millions. Dividend per share of Glenmark Pharmaceuti is 2.04 INR, and his stock market price 925.50 INR.
According to the chart below, where dividend yield is displayed, Glenmark Pharmaceuti has a dividend yield of 0.22%, lower than the amount offered by both the market average and companies from India. It is also lower than average of Health Care industry. This low dividend yield might has several explanations: company overpriced, expanding their business,...
About the ability of Glenmark Pharmaceuti to maintain his current dividend of INR 2.04 per share, an amount that accounts for 0.22%, we should study its payout ratio both on earnings and on cash-flows (see chart below). Glenmark Pharmaceuti payout on ernings is currently 6.83%, which is lower than the market average and companies of Health Care industry, which are 40.24% and 33.63% respectively. Both figures lead us to believe that there is confidence that Glenmark Pharmaceutican maintain his current dividend.
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 Glenmark Pharmaceuti is INR 0.00 per share, which is lower than the dividend per share paid by the company of INR 2.04, so the company does not generate enough cash to maintain his dividend in the future.
The following figure shows payout ratios over earnings and cashflow of Glenmark Pharmaceuti, compared againt world market average, India companies, Health Care industry and Pharmaceuticals and Biotechnology sector companies. You might also need to check full financial report of Glenmark Pharmaceuti.
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