Steel Auth of India Dividend yield

Steel Auth of India is part of Industrial Metals and Mining business, which is part of Basic Materials industry. Steel Auth of India is a company from India, and his stocks are publicly traded.

Steel Auth of India stock dividend

Steel Auth of India paid a total dividend of 13,426 million INR last year, for a market value of 374,682 millions (Market Cap 131,135 millions). Steel Auth of India dividend per share is 3.25 INR, and his stock market price 90.70 INR.

According to the chart below, where dividend yield is displayed, Steel Auth of India has a dividend yield of 3.58%, which is similar to the amount offered by both the market average and companies from India. However, it is lower than the average of Basic Materials 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 Steel Auth of India stocks dividend with other Industrial Metals and Mining companies or other of the high India dividend stocks list.

Steel Auth of India Dividend Payout

About the ability of Steel Auth of India to maintain his current dividend of INR 3.25 per share, an amount that accounts for 3.58%, we should study its payout ratio both on earnings and on cash-flows (see chart below). Steel Auth of India payout on ernings is currently 61.67%, which is higher than the market average, and companies of Basic Materials industry, which are 39.34% and 38.07% respectively. Both figures show that Steel Auth of 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 last amount the one which can be distributed to shareholders. Cash flow per share of Steel Auth of India is INR -17.44 per share, which is lower than the dividend per share paid by the company of INR 3.25, 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 Steel Auth of India, compared againt world market average, India companies, Basic Materials industry and Industrial Metals and Mining sector companies.

Steel Auth of India Dividend History

Below you will find a table with the historical evolution of Steel Auth of India'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	3.58%	3.25	61.67%	4,131
2022	10.59%	8.75	29.64%	4,131
2021	5.41%	5.80	57.37%	4,131
2020	0.00%	0.00	0.00%	4,131
2019	1.17%	0.50	8.62%	4,131
2018	0.00%	0.00	0.00%	4,131
2017	0.00%	0.00	0.00%	4,131
2016	3.91%	2.00	-19.53%	4,130
2015	4.38%	2.00	37.66%	4,130

*In millions

Then you can see the evolution of Steel Auth of India dividend stock, and compare it with the average of India stocks and that of the Industrial Metals and Mining stocks.

Steel Auth of India Stock performance

Finally, last moth Steel Auth of India showed a return of -4.10% compared to a worldwide -2.49% average, and a -3.66% of Basic Materials 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 Industrial Metals and Mining firms.