Omax Autos Ltd Dividend 2024 : Should Omax Autos Ltd be a part of your dividend portfolio?
Omax Autos Ltd is one of the most popular Consumer Cyclical company in the world with a market capitalisation of ₹238.50Cr. Its share price is ₹111.95 as on 23 November,2024.
The dividend is a percentage of earnings paid out to shareholders. Last year, Omax Autos Ltd gave ₹2 for the full year, but should it be a part of your investments that give good dividends?
Key Highlights
Consumer Cyclical stocks do not always pay a dividend but as Omax Autos Ltd pays dividends to reward its shareholders.
In the quarter ending June 2024, Omax Autos Ltd has declared dividend of ₹1 - translating a dividend yield of 1.79%.
Let's look at Omax Autos Ltd’s capacity to pay dividends and consider its valuation to determine its virtues as a dividend stock:
Omax Autos Ltd’s revenue were ₹103.27Cr in the quarter ending September 2024. The revenue grew by 30% year on year basis since last quarter.
Omax Autos Ltd’s profits were ₹15.54Cr in the quarter ending September 2024. The profits grew by 544% year on year basis since last quarter.
Omax Autos Ltd’s dividend was ₹1 in the quarter ending June 2024.