Dividend Policy

FM ASSIGNMENT
ON
DIVIDEND POLICY
Submitted To: Prof. Ramana Rao By Group 1, Ganesh Behera (22074) Udaya Bhaskar (22071) Kasu Varma (22101) Aditya Sunkara (22095) B Balaji (22065)

Introduction:
We have considered the top five companies in Chemical sector based on their market capital structure and tried to analyze their dividend distribution. Based on our findings we have given interpretations on their dividend policy.

Analysis:

Pidilite Industries
FV=10
MV=280.40

Mar '13
Mar '12
Mar '11
Sales Turnover
3,548.60
2,974.68
2,495.10
Reported Net Profit
460.76
334.51
303.89
Equity Dividend
133.29
96.51
88.57
Shares in issue (lakhs)
5,126.42
5,076.49
5,061.35
Equity Dividend (%)
260
190
175
%age Contribution of Profit to Dividents
28.9
28.8
29.1
Div. per Share
26
19
17.5

UPL
FV=2
MV=186

Mar '13
Mar '12
Mar '11
Sales Turnover
4,136.02
3,432.66
3,196.27
Reported Net Profit
208.13
227.04
157.5
Equity Dividend
110.44
115.45
92.36
Shares in issue (lakhs)
4,426.04
4,618.04
4,618.04
Equity Dividend (%)
125
125
100
%age Contribution of Profit to Dividents
53.06
50.85
58.64
Div. per Share
2.5
2.5
2

Tata Chemicals
FV=10
MV=277.70

Mar '12
Mar '11
Mar '10
Sales Turnover
8,146.21
6,354.07
5,512.54
Reported Net Profit
586.6
408.49
434.78
Equity Dividend
254.76
254.76
218.93
Shares in issue (lakhs)
2,547.56
2,547.56
2,432.56
Equity Dividend (%)
100
100
90
%age Contribution of Profit to Dividents
43.4
62.3
50.3
Div. per Share
10