This Small-Cap IT Company To Consider Interim Dividend On October 26

Birlasoft will consider declaring an interim dividend for the fiscal year FY22 next week. Following the company's statement, the stock climbed. Birlasoft Ltd., founded in 1990, is a Small Cap business in the IT Software sector with a market capitalization of Rs 11,639.10 crore.

The record date for establishing the members' right to the interim dividend, if one is issued, is Wednesday, November 3, 2021.

The company declared a net profit after tax of Rs 113.64 crore for the quarter ended June 30, 2021.

Dividend History of Birlasoft

Birlasoft Ltd. has issued an equity dividend of Rs 3.50 per share in the last 12 months. Since September 10, 2001, Birlasoft Ltd. has issued 23 dividends.

This calculates to a dividend yield of 0.84 percent at the current share price of Rs 418.65.

TYPE	DIVIDEND	DIVIDEND PER SHARE	EX-DIVIDEND DATE	ANNOUNCED ON
Final	125%	2.5	Jul 15, 2021	May 21, 2021
Interim	50%	1.0	Nov 12, 2020	Oct 28, 2020
Final	50%	1.0	Aug 13, 2020	May 20, 2020
Interim	50%	1.0	Feb 07, 2020	Jan 27, 2020
Final	100%	2.0	Jul 30, 2019	May 24, 2019

Stock Performance

The stock returned 96.36 percent over three years, compared to 94.8 percent for the Nifty Midcap 100. Over a three-year period, the stock returned 96.36 percent, while the Nifty IT provided investors a 156.32 percent return. In the past one year, the stock rose 114% on NSE. In the fiscal year ending March 31, 2021, the company spent less than 1% of its operating revenues on interest charges and 59.5 percent on staff costs.

The stock traded at a high of Rs424 per piece and a low of Rs415.70 per piece during the day.

Company Details

Information Services Group (ISG), a prominent worldwide technology research and consultancy group, has designated Birlasoft a Top 15 Sourcing Standout. Based on Annual Contract Value (ACV) acquired during the previous 12 months, Birlasoft was among the top providers in the Booming 15 category globally and in the Americas region. This is the sixth consecutive time that Birlasoft has been featured across named categories by ISG.

Parameter	Values
Market Cap (Rs. in Cr.)	11639.10
Earning Per Share (EPS TTM) (Rs.)	7.89
Price To Earnings (P/E) Ratio	53.10
Book Value Per Share (Rs.)	46.75
Price/Book (MRQ)	8.97
Price/Earning (TTM)	40.49
ROCE (%)	22.84
PAT Margin	11.80