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1. HIL Ltd To Pay 250% Final Dividend and 200% Special Dividend
The Board of Directors of HIL has stated in their BSE Filing, “4. The Board of Directors of the Company have recommended a final dividend of INR 25.00 per share (250%) on 06 May 2022 for the financial year ended 31 March 2022. The Board also declared an additional final dividend of INR 20.00 per share (200%) to commemorate the celebration of Platinum Jubilee on completion of 75 years of incorporation. This, together with an interim dividend of INR 20.00 per share (200%) declared in the previous quarter, the total dividend for the financial year ended 31 March 2022 works out to INR 65.00 per share (650%) on Equity Shares of INR 10/- each. Final dividend is subject to approval of shareholders.
Ex-Dividend Date: The stock will go ex-dividend on July 21.
2. Stock Outlook of HIL Ltd
The current market price of the stock is Rs 3288.95 apiece. The 52-week-high and 52-week low of the stock is Rs 6758 apiece and Rs 3250 apiece. The PE of the stock is 11.74 which is lesser than the sector PE of 13.30, a positive aspect. The EPS of the stock is 280.07%. The ROE (Return on Equity) and ROCE are 19.5% and 23.8%, respectively.
Multibagger Returns: The stock has given multibagger returns in 5 years at 248.79%. In one year, the stock has given negative return of 27%.
3. HIL Ltd Dividend History
HIL has a good dividend track record and it has regularly declared dividends in the last 5 years, a positive for investors. Earlier this year in March, HIL declared an equity dividend of Rs 65/per share. If the current share price of Rs 3288 is taken into consideration, the dividend yield is 1.98%.
4. About HIL Ltd
HIL reported a standalone net profit of Rs 50.65 crore for Q4 ending March 31. The company declared a total income of Rs 951.69 crore for the period ended March 31, 2022. It was established in 1946. HIL Limited is a flagship company of the $2.4 Billion conglomerate, CK Birla Group. HIL is a comprehensive building solutions provider with a rich legacy, including as India’s largest manufacturer of fibre cement roofing sheets. HIL is known for its technology prowess, strong customer centricity and innovative green practices. With a vision of providing shelter to every Indian, the company is committed to developing customer-appropriate building solutions that are also environmentally sensitive, according to its official website.
Market Capitalisation: The market capitalization of the company is Rs 2,471 crore.
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