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Kritika Wires Limited engages in the manufacture and supply of industrial steel and galvanized wires in India. The company offers mild steel, GI stay, A.C.S.R core, cotton bailing, indented PC, spring steel, barbed, umbrella rib, and rolling shutter wires, as well as galvanized strands for earthing, ACSR core wire strands, and PC strands for railway sleepers. It serves retail and industrial customers. The company also exports its products. Kritika Wires Limited was incorporated in 2004 and is based in Kolkata, India.

Kritika Wires Dividend Announcement

• Kritika Wires announced a annually dividend of ₹0.20 per ordinary share which will be made payable on . Ex dividend date: 2022-07-21
• Kritika Wires's trailing twelve-month (TTM) dividend yield is -%

Kritika Wires Dividend History

Ex-Div dateDividend amountDividend typePay date
2022-07-21₹0.20annually

Kritika Wires Dividend per year

Kritika Wires Dividend Yield

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

Kritika Wires Financial Ratios

P/E ratio36.28
PEG ratio1.14
P/B ratio4.80
ROE14.23%
Payout ratio0.00%
Current ratio1.86
Quick ratio1.20
Cash Ratio0.35

Kritika Wires Dividend FAQ

Does Kritika Wires stock pay dividends?
Kritika Wires does not currently pay dividends to its shareholders.
Has Kritika Wires ever paid a dividend?
No, Kritika Wires has no a history of paying dividends to its shareholders. Kritika Wires is not known for its dividend payments.
Why doesn't Kritika Wires pay dividends?
There are several potential reasons why Kritika Wires 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 Kritika Wires 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 Kritika Wires 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 Kritika Wires a dividend aristocrat?
Kritika Wires 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 Kritika Wires a dividend king?
Kritika Wires 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 Kritika Wires a dividend stock?
No, Kritika Wires 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 Kritika Wires stocks?
To buy Kritika Wires 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 Kritika Wires 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.