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Sportking India Limited manufactures and sells cotton, synthetic, and blended yarns in India. The company also provides knitted fabrics. In addition, it produces T-shirts, shirts, sweatshirts, sweaters, jackets, jeans, trousers, track pants, tracksuits, Bermuda and shorts, and nightwear for boys and men; and tops, tunics, shirts, kurtis, sweatshirts, sweaters, cardigans, jeans, trousers, leggings, track pants, tracksuits, shorts, nightwear, and lingerie for girls and ladies. The company sells its products through approximately 100 retail outlets, as well as through its online retail store. It also exports its products to approximately 30 countries. Sportking India Limited was founded in 1977 and is based in Ludhiana, India.

Sportking India Dividend Announcement

Sportking India announced a annually dividend of ₹50.00 per ordinary share which will be made payable on 2024-09-16. Ex dividend date: 2024-08-09
Sportking India annual dividend for 2024 was ₹50.00
Sportking India's trailing twelve-month (TTM) dividend yield is 0.54%

Sportking India Dividend History

Ex-Div dateDividend amountDividend typePay date
2024-08-09₹50.00annually2024-09-16

Sportking India Dividend per year

Sportking India Dividend Yield

Sportking India current trailing twelve-month (TTM) dividend yield is 0.54%. Interested in purchasing Sportking India stock? Use our calculator to estimate your expected dividend yield:

Sportking India Financial Ratios

P/E ratio12.67
PEG ratio0.53
P/B ratio1.24
ROE10.32%
Payout ratio0.00%
Current ratio3.01
Quick ratio1.83
Cash Ratio0.02

Sportking India Dividend FAQ

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