This Large Cap Automobile Stock Is Paying 2100% Dividend, Turning Ex-Dividend In August, Details Inside

Eicher Motors Limited is a large cap automobile sector stock having a market capitalization of Rs 803,5017 crore. Eicher Motors Ltd.'s key product and Revenue Segments include Automobile - 2 Wheelers, Traded Goods, Spare Parts & Components, Other Services, Export Incentives, Scrap and Other Operating Revenue.

The company reported a Consolidated Total Income of Rs 3,311.34 Crore for the quarter ended March 31, 2022, an increase of 11.39 per cent from the previous quarter's Total Income of Rs 2,972.79 Crore and an increase of 8.42 per cent from the same quarter last year's Total Income of Rs 3,054.27 Crore. The company declared a net profit after tax of Rs. 556.35 billion for the most recent quarter. It has declared a final dividend that iwill trade ex-dividend next month.

2100% Final Dividend

Eicher Motors declared a final dividend of Rs 21 per equity share i.e. 2100 per cent of the face value of Rs 1 each for the financial year 2021-22. The declared dividend will trade ex-dividend next month on 12 August 2022. The company has not announced the record date for the same, however, the Dividend must be paid or sent within 30 days of the approval date by the shareholders.

On May 13, 2022, Eicher Motors Limited in its regulatory filing to NSE & BSE, said, "Subject to the approval of the shareholders at the ensuing 40th Annual General Meeting, approved dividend of Rs. 21/- per equity share of face value of Re. 1 each for the financial year ended March 31, 2022. The Dividend shall be paid/ dispatched within 30 days from the date of shareholders' approval."

Dividend History

The company has a good history of dividend payout. It maintains a good track record of dividends and has declared constant dividends in the past 21 years. Since June 2001, it has declared 22 dividends out of which 3 are Interim dividends and the rest 19 are final dividends including recent ones.

Stock Outlook, Returns & Other Details

28 July, the shares of the company closed at Rs 3,054 apiece on NSE. It was opened at Rs 3,065.10 apiece. Stock is trading near 52 week high.

In the past 1 week, shares have fallen nearly 0.88%. In the past 1 month, it gained 6.64%, and 13.96% in 3 months, respectively. Over the last 1 year, the shares moved up around 19.75% and have given positive returns of 77.7% in the past 3 years, respectively. In the past 5 years, it has given a minor positive return of 3.92%.

On NSE, the stock's 52-week low level is Rs 2,159.55 apiece recorded on March 08, 2022, and the 52-week high level is Rs 3,179 apiece, recorded on July 22, 2022, respectively.

The ROE is 13.29%, the Dividend yield is 0.69% and the face value is Rs 1. TTM EPS is Rs 61.32. PE ratio is 49.80 and the PB ratio is 7.31.

About - Eicher Motors Limited

Eicher Motors Limited (EML) is the listed parent of Royal Enfield, the global leader in middleweight motorcycles. The world's oldest motorcycle brand in continuous production, Royal Enfield has made its distinctive motorcycles since 1901. Focussed on bringing back simple, yet engaging and accessible motorcycling, Royal Enfield operates in India, and over 60 countries around the world with modern development facilities in Leicestershire, UK and Chennai, India. Royal Enfield makes its motorcycles in Chennai, Tamil Nadu for the world. Royal Enfield has evolved into an experiential brand. Royal Enfield with its motorcycle that combines modern-day elements with the brand's heritage, garners immense enthusiasm amongst global motorcyclists.

Disclaimer

The stock has been sourced from NSE & BSE. Greynium Information Technologies, and the Author are not liable for any losses caused as a result of decisions based on the article. Goodreturns.in advises users to check with certified experts before taking any investment decision.