Table of Contents

company-logo

Gallantt Ispat Limited engages in manufacture of iron and steel in India and internationally. The company offers TMT bars, sponge iron, M.S. round bars and billets, and MIS roll bars. It also provides wheat flour products like atta, maida, suji, and bran under Gallantt brand name. In addition, the company is involved in real estate activities. It offers its products to real estate developers, construction industries, government organizations, and corporate customers. The company was formerly known as Gallantt Metal Limited and changed its name to Gallantt Ispat Limited in June 2022. Gallantt Ispat Limited was incorporated in 2005 and is headquartered in Gorakhpur, India.

Gallantt Ispat Dividend Announcement

• Gallantt Ispat announced a annually dividend of ₹1.00 per ordinary share which will be made payable on 2024-10-30. Ex dividend date: 2024-09-23
• Gallantt Ispat annual dividend for 2024 was ₹1.00
• Gallantt Ispat's trailing twelve-month (TTM) dividend yield is 0.27%

Gallantt Ispat Dividend History

Ex-Div dateDividend amountDividend typePay date
2024-09-23₹1.00annually2024-10-30
2019-09-18₹0.25annually2019-10-26

Gallantt Ispat Dividend per year

Gallantt Ispat Dividend Yield

Gallantt Ispat current trailing twelve-month (TTM) dividend yield is 0.27%. Interested in purchasing Gallantt Ispat stock? Use our calculator to estimate your expected dividend yield:

Gallantt Ispat Financial Ratios

P/E ratio28.29
PEG ratio36.87
P/B ratio3.43
ROE13.15%
Payout ratio0.00%
Current ratio2.77
Quick ratio1.79
Cash Ratio0.00

Gallantt Ispat Dividend FAQ

Does Gallantt Ispat stock pay dividends?
Gallantt Ispat does not currently pay dividends to its shareholders.
Has Gallantt Ispat ever paid a dividend?
No, Gallantt Ispat has no a history of paying dividends to its shareholders. Gallantt Ispat is not known for its dividend payments.
Why doesn't Gallantt Ispat pay dividends?
There are several potential reasons why Gallantt Ispat would choose not to pay dividends to their shareholders:

1. Growth opportunities: Companies, especially in fast-growing industries like technology, reinvest earnings into expansion, R&D, or acquisitions to fuel future growth and increase company value.

2. Tax implications: Not paying dividends can reduce the tax burden on shareholders, who may prefer to defer taxes until selling shares and realizing capital gains.

3. Investor preferences: Some investors prefer companies to reinvest profits for higher long-term returns, particularly those seeking capital appreciation over income.

4. Capital allocation priorities: Companies may allocate cash to pay down debt, fund share buybacks, or invest in projects with higher returns than dividends.

5. Market expectations: In certain sectors, like technology, reinvesting profits for growth and innovation is often prioritized over distributing dividends to shareholders.
Will Gallantt Ispat ever pay a dividend?
The decision for a company to pay dividends depends on various factors including its financial performance, growth prospects, capital allocation priorities, and shareholder preferences. While Gallantt Ispat has not paid dividends historically and has instead focused on reinvesting its earnings for growth, it's ultimately up to the company's management and board of directors to decide whether to initiate a dividend policy in the future.
Is Gallantt Ispat a dividend aristocrat?
Gallantt Ispat is not considered a Dividend Aristocrat. The term "Dividend Aristocrat" is typically used to describe a company in the S&P 500 index that has increased its dividend payouts for at least 25 consecutive years.
Is Gallantt Ispat a dividend king?
Gallantt Ispat is not classified as a "Dividend King". A Dividend King is a company that has managed to increase its dividend payouts for 50 consecutive years or more, which is an even more selective group than the Dividend Aristocrats.
Is Gallantt Ispat a dividend stock?
No, Gallantt Ispat is not considered a dividend stock. A dividend stock is a stock of a company that regularly pays out dividends to its shareholders.
How to buy Gallantt Ispat stocks?
To buy Gallantt Ispat you need a brokerage account. Open an account with a reputable brokerage firm that offers access to the stock market. Consider factors such as fees and account minimums.

Place an order: Use the brokerage's trading platform to place an order to buy Gallantt Ispat stock.

Remember that buying stocks involves risk, and it's important to carefully consider your investment goals, risk tolerance, and conduct thorough research before making any investment decisions.