Asian Paints announced a final dividend of Rs. 28.15/sh. Total Dividend paid by the Co. is Rs.33.30 for FY23-24
On 9th May 2024 , Asian Paints recommended payment of final dividend of Rs. 28.15 per equity share of the face value of Re. 1 (Rupee one) each for the financial year ended 31 st March 2024. This dividend amounts to 2815% of the Face Value of the shares.
The total dividend for the financial year ended 31 st March 2024, aggregates to Rs. 33.30 per equity share of the face value of Re. 1 each (dividend payout ratio of 60%), including the interim dividend of Rs. 5.15 per equity share .
Record Date & Payment Date
The Record Date/Ex Date of the dividend is 11 June, 2024 and the Payment Date of the dividend is 25 July,2024.
Anybody who wants to get the dividend must purchase the shares on/before 10 June, 2024 to get themselves resister in the record of the eligible receivers of the dividend.
The persons who bought the shares solely for the purpose of dividend can sell the shares on the record date i.e. on 11 June, 2024 and still they will be eligible to receive the dividend as their name would have been registered on 11 June, 20.
It is to be noted that on the record date , the share price of Asian Paints may fall by the dividend amount i.e it can fall by Rs 28.15 in the opening session to adjust its price to ex-dividend.
So investors are adviced to make their decision wisely.
Asian Paints Financials :
The market cap of the co is ₹ 2,80,824 Cr. , its trading at a P.E of 51.4 while its industry P.E is 46 . The Company has delivered good profit growth of 20.5% CAGR over last 5 years . It has also given a good return on equity (ROE) of 27.8% over 3 years period. The company has been maintaining a healthy dividend payout of 59.7%.
The Quarterly datas are (amount in Crore) :
| Mar 2023 | Jun 2023 | Sep 2023 | Dec 2023 | Mar 2024 | |
|---|---|---|---|---|---|
| Sales | 7,626 | 8,114 | 7,342 | 7,913 | 7,481 |
| Operating Profit | 1,748 | 2,000 | 1,585 | 1,897 | 1,549 |
| OPM % | 23% | 25% | 22% | 24% | 21% |
| Net Profit | 1,234 | 1,508 | 1,160 | 1,444 | 1,209 |
The % change in data from their respective quarters :
| Mar 2023 vs Mar 2022 | Jun 2023 vs Jun 2022 | Sep 2023 vs Sep 2022 | Dec 2023 vs Dec 2022 | Mar 2024 vs Mar 2023 | |
|---|---|---|---|---|---|
| Sales | 1.38% | 6.96% | -0.03% | 5.20% | -1.90% |
| Operating Profit | 16.92% | 36.67% | 41.99% | 26.89% | -11.38% |
| Net Profit | 13.65% | 48.27% | 51.98% | 32.98% | -2.03% |
The Anuual P/L datas :(Amt in Crore)
| Mar 2023 | Mar 2024 | |
|---|---|---|
| Revenue | 30,078 | 30,850 |
| Gross Profit | 5,820 | 7,030 |
| Operating Profit Margin (%) | 19% | 23% |
| Net Profit | 4,100 | 5,322 |
| Dividend Payout (%) | 60% | 60% |
The data shows increase in Revenue by 2.57% , Operating Profit by +21.05%, Net Profit by 29.81%.
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