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बेंजामिन ग्राहम (1894-1976), वैल्यू इन्वेस्टिंग के जनक और आज के अनेक सफल व्यवसायियों की प्रेरणा हैं। वे सिक्योरिटी एनालिसिस और द इंटरप्रिटेशन ऑफ़ फ़ाइनेन्शियल स्टेटमेंट्स के लेखक भी हैं। जेसन ज़्वाइग मनी मैगज़ीन के वरिष्ठ लेखक तथा टाइम के अतिथि स्तंभकार, व म्यूज़ियम ऑफ़ अमेरिकन फ़ाइनेन्शियल हिस्ट्री के ट्रस्टी हैं। वे पूर्व में फ़ोर्ब्स के वरिष्ठ संपादक रहे हैं तथा 1987 से निवेश संबंधी लेखन कर रहे हैं।
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The stock market is not limited to books or theoretical knowledge. Although these new and old books are amazing to learn new topics. we’d still suggest you to learn practically. Here, are the list of courses, we offer.
Compared to investing, which uses a buy-and-hold approach, trading involves active engagement in the financial markets. The ability of a trader to be profitable over the long term is a prerequisite for trading success.
Anyone who participates in the buying and selling of financial assets on any financial market is a trader. He or she has the option to buy or sell on their own behalf or on behalf of another person or organization. The length of time that an investor or trader hangs onto an asset is the main distinction between them. The costs of paying brokers in the form of various commission rates and capital gains taxes, which are applicable to trades, are two drawbacks of trading.
What are Candle Patterns
A technical technique known as a candlestick chart condenses data from many time frames into a single price bar. They are therefore more beneficial than conventional open, high, low, close (OHLC) bars or straightforward lines that connect closing price dots. Candlesticks create patterns that, when finished, may be used to forecast price movement. This vibrant technical instrument, which was first used by Japanese rice traders in the 18th century, gains depth with proper color coding.
Candlesticks are typically employed daily with the theory that each candle represents a complete day’s worth of news, data, and price movement. This implies that swing or longer-term traders might benefit more from candles.
Most importantly, every candle has a tale to tell. The best way to look at a candle is as a competition between buyers and sellers. A light candle (green or white are usual default displays) indicates that the day belonged to the purchasers, whilst a dark candle (red or black) indicates that the day belonged to the sellers. But what makes candlesticks so appealing as a charting tool is what transpires between the open and the close, as well as the struggle between buyers and sellers.
Three White Soldiers
A decline is followed by the formation of the Three White Soldiers, a multiple candlestick pattern that denotes a bullish reversal.
These candlestick charts are formed of three long bullish bodies that are open within the previous candle’s true body and do not have extended shadows.
Example:
Three Black Crows
After an ascent, a multiple candlestick pattern called The Three Black Crows is produced, signaling a bearish reversal.
These candlesticks are composed of three long bearish bodies that open inside the true body of the preceding candle in the pattern and do not have extended shadows.
Example:
Disclaimer : The information mentioned above is merely an opinion and should only be treated for educational purposes. If you have any questions or feedback about this article, you can write us back. To reach out, you can use our contact us pageSupport@learningsharks.in
Selling pressure is present for Indian IT companies in today’s trading session before TCS begins the quarter’s earnings season on Wednesday.
Quarter 4 Preview
The tech sector is getting ready to report its fourth-quarter financial results for FY23. TCS will open the season first, followed by rivals Infosys and HCL Tech. Later in the month, other people will do the same. A seasonally bad quarter is anticipated for the industry, with modest sales and margin expansion.
In light of the upheaval in the banking systems, advice and BFSI verticals are among the important things to watch.On April 12, TCS will be the first to release its Q4 results, and on April 13, Infosys will do the same. Results from Cyient, HCLTech, L&T Technology Services, Tech Mahindra, and Wipro will be presented on April 20, April 26, and April 27, respectively.
The fourth quarter of the year is often difficult for IT companies due to fewer working days and some additional furloughs in January, according to ICICI Direct analysts’ preview research study. On the one hand, global IT giant Accenture continued to report strong bookings in the outsourcing business (a proxy for Indian IT companies), while on the other, we witnessed fast-paced events unfolding in the global BFSI space (30-38% revenue mix for top three IT players). Q4 of this year has been eventful for the IT sector.
Technical Analysis
Investors have gradually accepted lower prices in order to exit Infosys Limited, and the stock is currently in a medium-long-term falling trend channel. This shows that investors are becoming more pessimistic and that Infosys Limited will continue to deteriorate. The moving average indicator has given the stock a warning that it will continue to decline.
The price is approaching the 1450 rupee barrier level, which could cause a negative reaction. However, a breakthrough of 1450 rupees in the upside direction would be encouraging. In the past, the volume has been low at price peaks and strong at price troughs. This validates the pattern.
Let us look at the Fundamentals
Profit & Loss
Consolidated Figures in Rs. Crores / View StandalonePRODUCT SEGMENTS
Mar 2011
Mar 2012
Mar 2013
Mar 2014
Mar 2015
Mar 2016
Mar 2017
Mar 2018
Mar 2019
Mar 2020
Mar 2021
Mar 2022
TTM
Sales +
27,501
33,734
40,352
50,133
53,319
62,441
68,484
70,522
82,675
90,791
100,472
121,641
141,602
Expenses +
18,531
23,007
28,814
36,743
38,436
45,362
49,880
51,700
62,505
68,524
72,583
90,150
107,623
Operating Profit
8,970
10,727
11,538
13,390
14,883
17,079
18,604
18,822
20,170
22,267
27,889
31,491
33,979
OPM %
33%
32%
29%
27%
28%
27%
27%
27%
24%
25%
28%
26%
24%
Other Income +
1,211
1,904
2,365
2,664
3,430
3,120
3,050
3,311
2,882
2,803
2,201
2,295
2,666
Interest
2
4
5
9
12
0
0
0
0
170
195
200
252
Depreciation
854
928
1,099
1,317
1,017
1,459
1,703
1,863
2,011
2,893
3,267
3,476
3,994
Profit before tax
9,325
11,699
12,799
14,728
17,284
18,740
19,951
20,270
21,041
22,007
26,628
30,110
32,399
Tax %
27%
29%
26%
28%
28%
28%
28%
21%
27%
24%
27%
26%
Net Profit
6,835
8,332
9,429
10,656
12,372
13,489
14,353
16,029
15,410
16,639
19,423
22,146
23,669
EPS in Rs
14.88
18.14
20.52
23.31
26.93
29.36
31.24
36.69
35.26
38.96
45.42
52.56
56.27
Dividend Payout %
50%
32%
25%
34%
55%
41%
41%
59%
60%
45%
59%
59%
Compounded Sales Growth
10 Years:
14%
5 Years:
12%
3 Years:
14%
TTM:
22%
Compounded Profit Growth
10 Years:
10%
5 Years:
9%
3 Years:
13%
TTM:
10%
Stock Price CAGR
10 Years:
17%
5 Years:
20%
3 Years:
31%
1 Year:
-19%
Return on Equity
10 Years:
25%
5 Years:
26%
3 Years:
27%
Last Year:
29%
Balance Sheet
Consolidated Figures in Rs. Crores / View StandaloneCORPORATE ACTIONS
Mar 2011
Mar 2012
Mar 2013
Mar 2014
Mar 2015
Mar 2016
Mar 2017
Mar 2018
Mar 2019
Mar 2020
Mar 2021
Mar 2022
Dec 2022
Share Capital +
286
286
286
286
572
1,144
1,144
1,088
2,170
2,122
2,124
2,098
2,086
Reserves
25,690
31,046
37,708
44,244
50,164
60,600
67,838
63,835
62,778
63,328
74,227
73,252
72,206
Borrowings +
0
0
0
0
0
0
0
0
0
4,633
5,325
5,474
7,720
Other Liabilities +
5,317
7,025
8,281
12,436
15,553
13,354
14,166
14,426
19,118
21,717
25,835
35,905
43,954
Total Liabilities
31,293
38,357
46,275
56,966
66,289
75,098
83,148
79,349
84,066
91,800
107,511
116,729
125,966
Fixed Assets +
5,235
5,555
7,139
8,378
11,346
13,386
14,179
12,574
15,710
23,789
25,505
25,800
28,980
CWIP
264
590
1,140
961
776
960
1,365
1,606
1,388
954
922
416
0
Investments
144
372
2,116
4,331
2,270
1,892
16,423
12,163
11,261
8,792
14,205
20,324
21,116
Other Assets +
25,650
31,840
35,880
43,296
51,897
58,860
51,181
53,006
55,707
58,265
66,879
70,189
75,870
Total Assets
31,293
38,357
46,275
56,966
66,289
75,098
83,148
79,349
84,066
91,800
107,511
116,729
125,966
Disclaimer: The information mentioned above is merely an opinion and should only be treated for educational purposes. If you have any questions or feedback about this article, you can write us back. To reach out, you can use our contact us page.Support@learningsharks.in
When the market makes lower lows and lower highs with a contracting range, a chart pattern arises. It suggests a possible reversal in the trend in the upward direction. That is called a Falling wedge pattern.
What are Technical Analysis Chart patterns?
A chart pattern is a shape within a price chart that helps to predict what prices will do next based on prior performance. Chart patterns are the foundation of technical analysis and necessitate a trader’s understanding of both what they are looking at and what they are looking for.
If you wanna learn about all the chart patterns for free, click here
Chemplast Sanmar Limited is a chemical firm based in India.[1] It is a leading producer of PVC resins, chlorochemicals, and pipe systems.
We recommend this stock at CMP 405, for multiple reasons. The stock has been taking a beating since its IPO listing. Fortunately, the company has been making only a profit, and it’s considered a bright addition to your portfolio.
If you know about support and resistance; you will learn, the stock is on its resistance after multiple attempts of Breaking out.
Stock Breaking out of its resistance in the chart above.
Now that you have seen it on the chart along side the Falling wedge pattern. Let’s look at the fundamental side of the Chemplasts Sanmar.
Profit & Loss
Consolidated Figures in Rs. Crores / View StandalonePRODUCT SEGMENTS
Mar 2019
Mar 2020
Mar 2021
Mar 2022
TTM
Sales +
1,254
1,258
3,799
5,892
5,601
Expenses +
969
1,011
3,171
4,695
4,884
Operating Profit
286
247
628
1,197
717
OPM %
23%
20%
17%
20%
13%
Other Income +
12
8
484
57
-23
Interest
48
95
433
322
151
Depreciation
56
87
131
137
149
Profit before tax
193
72
547
796
395
Tax %
39%
36%
25%
18%
Net Profit
118
46
410
649
338
EPS in Rs
14.81
6.88
30.59
41.03
21.38
Dividend Payout %
0%
0%
0%
0%
Compounded Sales Growth
10 Years:
%
5 Years:
%
3 Years:
67%
TTM:
3%
Compounded Profit Growth
10 Years:
%
5 Years:
%
3 Years:
75%
TTM:
-50%
Stock Price CAGR
10 Years:
%
5 Years:
%
3 Years:
%
1 Year:
-35%
Return on Equity
10 Years:
%
5 Years:
%
3 Years:
12%
Last Year:
50%
P&l of Chemplasts sanmar
Balance Sheet
Consolidated Figures in Rs. Crores / View StandaloneCORPORATE ACTIONS
Mar 2019
Mar 2020
Mar 2021
Mar 2022
Sep 2022
Share Capital +
67
1,274
1,251
79
79
Reserves
2,433
1,845
-417
1,626
1,705
Borrowings +
253
82
943
882
925
Other Liabilities +
1,049
2,113
3,893
3,014
3,101
Total Liabilities
3,802
4,108
4,487
5,601
5,810
Fixed Assets +
2,108
2,174
3,148
3,259
3,211
CWIP
117
8
25
34
73
Investments
1,159
1,458
0
0
0
Other Assets +
418
467
1,313
2,308
2,525
Total Assets
3,802
4,108
4,487
5,601
5,810
The balance sheet of Chemplasts sanmar
Conclusion
Now that you have seen the fundamentals and the technicals of this stock. You would see the price CMP 405 is a good price to add on. However, as a Disclaimer, we suggest you do your complete analysis before adding this stock. This is not buying financial advice, but instead merely for education purposes.
If you are new to this page, Don’t forget to check out our courses page.
As a result of both companies reporting their highest-ever sales in the fourth quarter of FY23, the shares of real estate companies Godrej Properties and Sobha increased 8% and 5%, respectively, in Monday’s trading.
Godrej Properties’ financial year 2022–2023 bookings increased by 56% to Rs 12,232 crore during the three months ending March 2023, totaling Rs 4,051 crore in bookings.
Sales Performance
In terms of area, its sales volumes for the quarter increased by 19% from 4.42 million square feet to 5.25 million square feet. Sales volumes increased 40% over the course of the year, from 10.84 million square feet to 15.21 million.
This is the best quarterly and yearly sales performance ever for Godrej Properties. Along with the company’s sales, its cash receipts and project deliveries also reached a record level.
At 9.55 am, the price of Godrej Properties’ shares had increased by 8% to Rs 1,216 from the previous day’s closing price of Rs 1,125 a share. The stock, however, has decreased by more than 28% during the past year.
Technical Analysis
Jesus Properties opened at 1170.00 and closed at 1228.35, which is an 8.39% increase over the conclusion of the prior session. It fluctuated between 1160.00 and 1236.80. With an average volume of 4325815, or 68.19% of the volumes from the previous session, the session was bullish.
The short-term trend has changed somewhat favorably, but it's too soon to draw any firm conclusions.
Even though the stock price has increased, the stock's mid-term trend is still negative and downward.
Long-term trends have changed somewhat for the better, but it's too soon to draw any firm conclusions.
Tomorrow’s support is at 1194.18, while its resistance is at 1270.98. For the first 5 to 15 periods, these support and resistance points are valid.
Consolidated Figures in Rs. Crores / View StandaloneCORPORATE ACTIONS
Mar 2011
Mar 2012
Mar 2013
Mar 2014
Mar 2015
Mar 2016
Mar 2017
Mar 2018
Mar 2019
Mar 2020
Mar 2021
Mar 2022
Sep 2022
Share Capital +
70
78
78
99
100
108
108
108
115
126
139
139
139
Reserves
842
1,365
1,351
1,694
1,747
1,657
1,896
1,102
2,354
4,682
8,181
8,536
8,639
Borrowings +
945
2,087
1,678
2,574
3,486
3,123
3,980
3,703
3,516
3,715
4,593
5,196
5,382
Other Liabilities +
361
1,179
1,572
1,779
2,030
1,691
1,197
3,358
2,107
1,567
3,333
3,932
4,885
Total Liabilities
2,218
4,709
4,679
6,147
7,363
6,578
7,181
8,271
8,092
10,090
16,245
17,804
19,045
Fixed Assets +
46
46
51
64
117
107
102
113
97
113
174
183
188
CWIP
1
19
36
62
73
1
0
71
100
163
229
340
428
Investments
0
0
0
0
0
664
760
1,454
2,637
3,571
5,243
4,883
4,489
Other Assets +
2,170
4,644
4,593
6,021
7,173
5,807
6,319
6,633
5,259
6,243
10,599
12,397
13,940
Total Assets
2,218
4,709
4,679
6,147
7,363
6,578
7,181
8,271
8,092
10,090
16,245
17,804
19,045
Disclaimer : The information mentioned above is merely an opinion and should only be treated for educational purposes. If you have any questions or feedback about this article, you can write us back. To reach out, you can use our contact us page Support@learningsharks.in
Shares of Bajaj Finance decreased 1.95%, or Rs 119.25, to close at Rs 5,980.60 on the BSE today. Shares of Bajaj Finance decreased 2.6% during the day to Rs 5,941 level. After six months, the Bajaj Finance stock has now fallen below the Rs. 6,000 threshold following today’s downturn. (July 18, 2022).
Bajaj Finance’s stock is now trading 25% below its January 19, 2022 52-week high of Rs. 8043.50. On the other side, on June 17, 2022, the price of Bajaj Finance stock fell to a 52-week low of Rs. 5,235.60.
Investors in Bajaj Finance are in a pickle as the NBFC company has lost about Rs 33,500 crore in market cap over the past two days due to a correction. Bajaj Finance announced weaker-than-expected AUM (Assets Under Management) growth for the December quarter, which caused shares to conclude the day 7.2% lower at Rs 6,099.85.
After the NBFC announced lower-than-expected AUMs (Assets Under Management) growth in the December quarter, shares of Bajaj Finance dropped 7.2% to Rs 6,099.85 on Thursday.Bajaj Finance shares lost another 2.6% intraday to Rs 5,941 mark on Friday, continuing their downward trend. The Bajaj Finance stock has dropped below Rs 6,000 for the first time in six months with today’s fall. (July 18, 2022).
With a sell rating and a target of Rs 5,800, Kotak Institutional Equities is even more pessimistic on the company. Jefferies has a hold rating and a target price of Rs 8,160, on the other hand. Over 9% of the stock’s value has been lost in only two sessions, and it has lost 22.81% of its value over the past year.
Jigar S Patel, Senior Manager- Technical Research Analyst – “Since last four months, the said counter has been making lower highs and lower lows structure, which resulted in a 22% cut in price,” according to Anand Rathi Shares and Stock Brokers. Massive volume and a beating of almost 10% were seen in the last two trading sessions, indicating that the fall is still ongoing. The next reliable support can be found between Rs. 5600 and Rs. 5700, where one can start a new long.
The daily MACD has produced a bearish cross below the zero line, suggesting that there will be more weakening in the sessions to come.
Sneha Seth, “Considering the recent price action, undoubtedly the trend is strong bearish, but looking at the bigger picture, it’s not advisable to exit after 20% price decline from recent high,” stated Angel One Ltd.’s derivatives research analyst.
It would be fascinating to watch how this stock reacts around its cluster of support, which is Rs 6,000-5,800, for traders.
A R Ramachandran The stock is beginning to enter oversold territory, and short sellers are urged to book profits at current levels, according to a statement from Tips2trades.
Akshay Ashok – “Although AUM growth in the business update was slightly below expectations, customer acquisition momentum remains intact, and the company is on track to achieve target of acquiring 10-11 million customers in 2023,” said research analyst Prabhudas Lilladher. Increased stickiness of new to franchise customers (NTF) will contribute to incremental portfolio growth in the upcoming quarters.
Rahul Malani, According to the Banking & NBFC, Fundamental Research, Sharekhan analyst of BNP Paribas, “Bajaj Finance announced its Q3FY23 business updates wherein AUM growth was stated as 27% YoY/6% QoQ vs. 31% YoY/7% QoQ in Q2FY23.
If we go back to pre-covid era, BAF recorded an AUM growth rate of about 37% CAGR over the previous ten years. It was the lender with the fastest growth rate, and growth differences from banks and other NBFCs were also significant.
BAF has been reporting 25–30% increase in AUM during the post-pandemic period, and growth differentials have also decreased as a result of banks and other NBFCs’ and banks’ acceleration of loan growth.
As new companies (Jio Fin) and established fintech players (such as BAF) enter the consumer market that BAF serves, concerns have also been raised about intense rivalry developing in the future. It is currently trading for 6.4 times the book value for the next year.
Regarding the long-term investment thesis, we still believe that BAF is well-positioned to deliver strong, industry-leading ROA/ROE of 4.7%/ 4.8% 22%/33% in FY24E/FY25E thanks to its franchise built around strong competitive moats that are hard to replicate as well as strong execution capabilities, underwriting, and data analytics. We continue to be optimistic about the franchise’s future success and high earnings growth.
A firm listed on a stock exchange will issue shares to investors as part of a follow-on public offer (FPO). An issuance of extra shares by a firm following an IPO is known as a follow-on offering. (IPO).
Secondary offerings are another name for follow-on offerings.
KEYTAKEWAYS
After a company’s initial public offering (IPO), more shares are issued in a follow-on public offer (FPO), often referred to as a secondary offering. (IPO).
FPOs are typically announced by businesses to raise stock or lower debt.
The two primary FPO types are non-dilutive, in which existing private shares are sold to the public, and dilutive, in which additional shares are added.
A corporation can raise cash through an at-the-market (ATM) offering, a sort of FPO, by offering secondary public shares on any given day, typically based on the current market price.
A firm listed on a stock exchange will issue shares to investors as part of a follow-on public offer (FPO). A follow-on offering is when a corporation issues more shares following an initial public offering.
How a Follow-on Public Offer (FPO) Works
FPOs and IPOs, or the initial public offering of equity to the public, should not be confused. After a corporation is registered on an exchange, additional issues called FPOs are made.
Similar to an IPO, follow-on public offers require corporations to complete U.S. Securities and Exchange Commission (SEC) paperwork.
Types of Follow-on Public Offers (FPOs)
There are two main types of follow-on public offers:
This form of follow-on public offering aims to obtain capital to lower debt or grow the business, increasing the number of shares outstanding in the process.
Non-dilutive follow-on public offers are the other variety.
Diluted Follow-on Offering
The earnings per share (EPS) declines as the number of shares rises. The most common uses for the money raised through an FPO are debt reduction and capital structure changes. The addition of cash is beneficial to the company’s long-term prospects and, as a result, to its shares.
Non-Diluted Follow-on Offering
Holders of current, privately held shares can sell previously issued shares on the open market through non-diluted follow-on offerings. When stock is sold non-diluted, the cash proceeds are given to the shareholders who sold the stock on the open market.
At-the-Market (ATM) Offering
An at-the-market (ATM) offering gives the issuing company the ability to raise capital as needed. If the company is not satisfied with the available price of shares on a given day, it can refrain from offering shares. ATM offerings are sometimes referred to as controlled equity distributions because of their ability to sell shares into the secondary trading market at the current prevailing price.
Following the government’s decision to lower the windfall tax on diesel export, shares of upstream companies including Oil and Natural Gas Corporation (ONGC), Oil India Limited (OIL), Mangalore Refinery & Petrochemicals (MRPL), Chennai Petroleum Corporation, and Reliance Industries increased by up to 4% on the BSE intraday.
Is it a Multibagger ?
With a share price increase of 43.80 to 89.25 and a multibagger return of 103.77 percent year-to-date, MRPL is a multibagger stock in 2022. (YTD). In the past six months, the stock has skyrocketed from 44.15 to the current market price, representing a multibagger gain of 102.15%. From its 52-week low of 37, the stock has increased by more than 140%, and it is currently trading above its 5 days, 10 days, 12 days, 20 days, 26 days, 50 days, 100 days, and 200 days moving averages.
Technical View
Although MRPL is currently trading above its 50- and 100-DMAs, it is still trading below its 200-DMA, which is Rs 54.85.
The stock has surpassed the key resistance area between 55 and 56.25 levels and is currently trading above two of the three significant DMAs. The stock could challenge the 59.50 and 64 levels.”
Relative strength index (RSI) is presently in the overbought zone, according to AR Ramachandran, and higher levels should be used to liquidate previous purchase positions.
In June 2022, the stock’s 52-week high was Rs 127.60.
Standalone Figures in Rs. Crores / View ConsolidatedCORPORATE ACTIONS
Mar 2011
Mar 2012
Mar 2013
Mar 2014
Mar 2015
Mar 2016
Mar 2017
Mar 2018
Mar 2019
Mar 2020
Mar 2021
Mar 2022
Sep 2022
Share Capital +
1,762
1,757
1,753
1,753
1,753
1,753
1,753
1,753
1,753
1,753
1,753
1,753
1,753
Reserves
4,767
5,472
4,715
5,316
3,552
4,679
8,318
9,280
8,974
6,014
2,485
5,444
6,364
Borrowings +
1,126
6,183
7,558
9,793
9,032
8,075
8,541
7,950
9,131
11,896
24,062
21,310
18,437
Other Liabilities +
10,856
12,747
12,676
22,665
20,007
22,787
7,802
7,238
7,333
6,145
6,425
11,561
11,899
Total Liabilities
18,501
26,155
26,701
39,527
34,345
37,293
26,414
26,221
27,191
25,808
34,725
40,068
38,452
Fixed Assets +
3,090
4,052
5,781
5,991
14,109
14,881
14,161
14,038
13,996
14,239
19,596
21,384
20,846
CWIP
3,995
7,089
7,554
8,552
1,378
188
220
668
982
1,730
2,343
170
371
Investments
42
42
15
15
1,350
1,350
1,350
1,350
1,503
2,178
16
16
16
Other Assets +
11,374
14,971
13,351
24,969
17,508
20,874
10,684
10,166
10,710
7,661
12,770
18,499
17,218
Total Assets
18,501
26,155
26,701
39,527
34,345
37,293
26,414
26,221
27,191
25,808
34,725
40,068
38,452
Disclaimer : The information mentioned above is merely an opinion and should only be treated for educational purposes. If you have any questions or feedback about this article, you can write us back. To reach out, you can use our contact us page Support@learningsharks.in
Britannia Industries is renowned for its hefty dividend payouts. Once more, the FMCG juggernaut is prepared to distribute a sizable interim dividend for the fiscal year FY23 of 72 per equity share. The shares of Britannia will therefore stop paying dividends this week.
In percentage terms, Britannia will be paying a whopping interim dividend of 7200%.
Declared Interim Dividend
For the Financial Year 2022–23, Britannia “declared an Interim Dividend @ 7200% i.e., Rs. 72/per Equity Share of the face value of Re 1 each,” according to a statement last week.
Additionally, the business established April 13th as the record date for identifying stockholders who are entitled to the $72 per share dividend benefit.
Britannia shares will go ex-dividend on April 13th, which is also the record date because the listed equities now follow the “T+1” settlement option. Simply expressed, the shareholders who are entitled to receive the interim dividend of Rs 72 per share on April 13th are those whose names are recorded in the company’s registrar on exchanges and relevant depository on that date.In FY22, the company paid a 5650% dividend aggregating to ₹56.5 per equity share. The company paid a dividend of ₹12.50 per share (1250%) in FY21.
Consolidated Figures in Rs. Crores / View StandaloneCORPORATE ACTIONS
Mar 2011
Mar 2012
Mar 2013
Mar 2014
Mar 2015
Mar 2016
Mar 2017
Mar 2018
Mar 2019
Mar 2020
Mar 2021
Mar 2022
Sep 2022
Share Capital +
24
24
24
24
24
24
24
24
24
24
24
24
24
Reserves
302
385
534
774
1,221
2,068
2,672
3,382
4,229
4,379
3,524
2,534
2,017
Borrowings +
618
604
380
150
145
131
125
201
156
1,538
2,122
2,481
3,038
Other Liabilities +
675
829
946
1,159
1,403
1,271
1,288
1,581
1,829
1,889
2,331
2,475
2,833
Total Liabilities
1,619
1,842
1,883
2,107
2,793
3,494
4,109
5,188
6,238
7,830
8,000
7,515
7,912
Fixed Assets +
505
624
737
848
844
950
1,160
1,346
1,688
1,878
1,793
1,753
1,734
CWIP
13
111
147
107
48
90
30
203
101
40
117
536
879
Investments
389
249
108
198
518
788
487
1,079
1,476
2,893
2,781
1,762
1,412
Other Assets +
713
858
891
954
1,383
1,665
2,432
2,560
2,972
3,019
3,310
3,463
3,887
Total Assets
1,619
1,842
1,883
2,107
2,793
3,494
4,109
5,188
6,238
7,830
8,000
7,515
7,912
Disclaimer : The information mentioned above is merely an opinion and should only be treated for educational purposes. If you have any questions or feedback about this article, you can write us back. To reach out, you can use our contact us page.
