Nalco gets generous

about 3 months ago
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With volumes surging to almost 1.5 times, Nalco is in the news today. The stock price remained largely range bound between Rs.44 and Rs.46 levels. Its UC is at 10% at Rs.48.95.

The company shot into prominence after the PSU announced a record, its highest ever dividend payout at 115% for FY19, amounting to Rs.1073 crore. It had declared a 114% dividend in FY18.

This works out to Rs.5.75 per equity share of Rs.5 each.

The Govt has a 52% stake, which is 97,00,81,517 shares  and that means, it will have a cool take home of Rs.558 crore.

Dividend including the applicable dividend distribution tax works out to a payout of 74.65% of the PAT against 98.81%. of FY18.

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