Panchmahal Steel Ltd. engages in the manufacture of stainless steel long products. It offers wire rods, bars and wires, which find application in a wide range of applications in engineering, construction and infrastructure, automotive and railways, consumer durables, food processing and dairy industry, and housing and pharmaceuticals. The company was founded on December 9, 1972 and is headquartered in Vadodara, India.
Panchmahal Steel Dividend Announcement
• Panchmahal Steel announced a annually dividend of ₹4.00 per ordinary share which will be made payable on 2022-10-23. Ex dividend date: 2022-09-14
• Panchmahal Steel's trailing twelve-month (TTM) dividend yield is -%
Panchmahal Steel Dividend History
| Ex-Div date | Dividend amount | Dividend type | Pay date |
|---|---|---|---|
| 2022-09-14 | ₹4.00 | annually | 2022-10-23 |
| 2013-07-18 | ₹1.25 | annually | |
| 2012-07-05 | ₹2.50 | annually | |
| 2011-07-14 | ₹2.50 | annually | |
| 2010-07-22 | ₹2.00 | annually |
Panchmahal Steel Dividend per year
Panchmahal Steel Dividend growth
Panchmahal Steel Dividend Yield
Panchmahal Steel current trailing twelve-month (TTM) dividend yield is -%. Interested in purchasing Panchmahal Steel stock? Use our calculator to estimate your expected dividend yield:
Panchmahal Steel Financial Ratios
P/E ratio80.78
PEG ratio7.08
P/B ratio2.45
ROE6.10%
Payout ratio0.00%
Current ratio2.39
Quick ratio0.67
Cash Ratio0.03
Panchmahal Steel Dividend FAQ
Does Panchmahal Steel stock pay dividends?
Panchmahal Steel does not currently pay dividends to its shareholders.
Has Panchmahal Steel ever paid a dividend?
No, Panchmahal Steel has no a history of paying dividends to its shareholders. Panchmahal Steel is not known for its dividend payments.
Why doesn't Panchmahal Steel pay dividends?
There are several potential reasons why Panchmahal Steel 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.
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 Panchmahal Steel 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 Panchmahal Steel 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 Panchmahal Steel a dividend aristocrat?
Panchmahal Steel 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 Panchmahal Steel a dividend king?
Panchmahal Steel 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 Panchmahal Steel a dividend stock?
No, Panchmahal Steel 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 Panchmahal Steel stocks?
To buy Panchmahal Steel 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 Panchmahal Steel 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.
Place an order: Use the brokerage's trading platform to place an order to buy Panchmahal Steel 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.