Indraprastha Gas Dividend yield

Indraprastha Gas is part of Gas Water and Multiutilities business, which is part of Utilities industry. Indraprastha Gas is a company from India, and his stocks are publicly traded.

Indraprastha Gas stock dividend

Indraprastha Gas paid a total dividend of 12,964 million INR last year, for a market value of 327,390 millions (Market Cap 163,695 millions). Indraprastha Gas dividend per share is 18.52 INR, and his stock market price 467.70 INR.

According to the chart below, where dividend yield is displayed, Indraprastha Gas has a dividend yield of 3.96%, which is similar to the amount offered by both the market average and companies from India. However, it is lower than the average of Utilities industry. The company should be deeply analized because dividend yields should be similar among companies from the same industry unless they carry an opposite strategy.

In addition, you should compare Indraprastha Gas stocks dividend with other Gas Water and Multiutilities companies or other of the best India dividend stocks list.

Indraprastha Gas Dividend Payout

About the ability of Indraprastha Gas to maintain his current dividend of INR 18.52 per share, an amount that accounts for 3.96%, we should study its payout ratio both on earnings and on cash-flows (see chart below). Indraprastha Gas payout on ernings is currently 79.18%, which is higher than the market average, and companies of Utilities industry, which are 39.34% and 60.08% respectively. Both figures show that Indraprastha Gas 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 last amount the one which can be distributed to shareholders. Cash flow per share of Indraprastha Gas is INR 34.14 per share, which is higher than the dividend per share paid by the company of INR 18.52, so the company generates enough cash to maintain his dividend in the future.

The following figure shows payout ratios over earnings and cashflow of Indraprastha Gas, compared againt world market average, India companies, Utilities industry and Gas Water and Multiutilities sector companies.

Indraprastha Gas Dividend History

Below you will find a table with the historical evolution of Indraprastha Gas'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*
Present	3.96%	18.52	79.18%	700
2022	1.33%	5.51	25.56%	700

*In millions

Indraprastha Gas Stock performance

Finally, last moth Indraprastha Gas showed a return of 1.00% compared to a worldwide -2.49% average, and a -2.79% of Utilities firms. Over the last year, the company obtained a 11.60% versus a worldwide performance of a 8.71%. More detailed information can be seen in the following graph for India and Gas Water and Multiutilities firms.