|INR per share|
Grasim Industries paid a total dividend of 1,684 million INR last year, for a market capitalization of 455,189 millions. Dividend per share of Grasim Industries is 18.11 INR, and his stock market price 4,894.50 INR.
According to the chart below, where dividend yield is displayed, Grasim Industries has a dividend yield of 0.37%, lower than the amount offered by both the market average and companies from India. It is also lower than average of Industrials industry. This low dividend yield might has several explanations: company overpriced, expanding their business,...
About the ability of Grasim Industries to maintain his current dividend of INR 18.11 per share, an amount that accounts for 0.37%, we should study its payout ratio both on earnings and on cash-flows (see chart below). Grasim Industries payout on ernings is currently 9.55%, which is lower than the market average and companies of Industrials industry, which are 40.42% and 37.13% respectively. Both figures lead us to believe that there is confidence that Grasim Industriescan 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 Grasim Industries is INR 429.34 per share, which is higher than the dividend per share paid by the company of INR 18.11, so the company generates enough cash to maintain his dividend in the future.
The following figure shows payout ratios over earnings and cashflow of Grasim Industries, compared againt world market average, India companies, Industrials industry and Construction and Materials sector companies. You might also need to check full financial report of Grasim Industries.
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