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ITC Ltd.
Mkt Cap (Rs Cr) 160,246.92
Face Value (Rs) 1
Particular Year
Mar ' 11 Mar ' 10 Mar ' 09 Mar ' 08 Mar ' 07
Net profit / loss (Cr) 4987.61 4061.00 3263.59 3120.10 2699.97
EPS (Rs.) 6.45 10.64 8.65 8.28 7.18
Dividend per share (Rs.) 4.45 10.00 3.70 3.50 3.10
Dividend payout ratio
(%)
80.24 109.63 50.06 49.45 50.53
Earning retention ratio
(%)
17.06 -12.31 48.67 47.98 48.75
#Note: In March’10, ITC paid dividend at unusual high rate of 1000%. The reason for paying at
such a high rate was that it was a centenary year for the company. Because of this special
occasion company paid its shareholders a Proposed Dividend for the financial year at the rate of
Rs. 4.50 per ordinary share of Rs. 1/- each plus Proposed Special Centenary Dividend of Rs. 5.50
per ordinary share of Rs. 1/- each. It resulted in a proposed dividend of Rs. 10 per ordinary
share of Rs. 1/- and thus yielding rate of 1000%.
Hindustan Unilever Ltd.
Mkt Cap (Rs Cr) 82,384.94
Face Value (Rs) 1
Particular Year
Mar ' 11 Mar ' 10 Mar ' 09 Mar ' 08 Mar ' 07
Net profit / loss (Cr) 2305.97 2202.03 2496.45 2101.47 1923.79
EPS (Rs.) 10.68 10.09 11.45 9.64 8.83
Dividend per share
(Rs.)
6.50 6.50 7.50 9.00 6.00
Dividend payout ratio
(%)
71.20 75.20 76.47 131.80 81.45
Earning retention ratio
(%)
22.71 21.25 18.50 -39.13 -0.12
# Note: In March’09, HUL paid an above average dividend of Rs. 9. HUL paid an additional Rs. 3
per share as Special Platinum Jubilee Dividend to commemorate Company’s 75th year of
operations in the Country resulting in higher than average payout ratio.
Nestle India Ltd.
Mkt Cap (Rs Cr) 42,569.28
Face Value (Rs) 10
Particular Year
Mar ' 11 Mar ' 10 Mar ' 09 Mar ' 08 Mar ' 07
Net profit / loss (Cr) 961.55 818.66 655.00 534.08 160.15
EPS (Rs.) 99.73 84.91 67.93 55.39 16.61
Dividend per share
(Rs.)
48.50 48.50 42.50 33.00 25.50
Dividend payout ratio
(%)
66.54 83.52 89.76 89.50 88.97
Earning retention ratio
(%)
34.09 18.15 10.75 11.33 12.50
#Note: In March’11, Nestle India Ltd did not maintain its dividend payout ration. Reason stated
by the company was that it had to keep in with financial needs for capital expenditure.
Asian Paints Ltd.
Mkt Cap (Rs Cr) 30,045.47
Face Value (Rs) 10
Particular Year
Mar ' 11 Mar ' 10 Mar ' 09 Mar ' 08 Mar ' 07
Net profit / loss (Cr) 775.15 774.50 361.91 377.89 269.93
EPS (Rs.) 80.81 80.74 37.73 39.40 28.14
Dividend per share
(Rs.)
32.00 27.00 17.50 17.00 13.00
Dividend payout ratio
(%)
46.06 39.03 54.19 50.84 52.36
Earning retention ratio
(%)
53.54 54.64 47.00 49.34 46.82
#Note: Asian Paints Ltd seems financially very stable and it has maintained a stable dividend
policy. It increases its dividend in proportion with profit when the profit jumps significantly.
Dabur India Ltd.
Mkt Cap (Rs Cr) 18,695.66
Face Value (Rs) 1
Particular Year
Mar ' 11 Mar ' 10 Mar ' 09 Mar ' 08 Mar ' 07
Net profit / loss (Cr) 471.43 433.15 373.56 316.77 252.08
EPS (Rs.) 2.71 4.99 4.32 3.67 2.92
Dividend per share
(Rs.)
1.15 2.00 1.75 1.50 1.75
Dividend payout ratio
(%)
49.42 46.86 47.41 47.86 55.24
Earning retention ratio
(%)
49.40 51.67 50.11 50.87 42.64
#Note: Dabur India Ltd has maintained a stable dividend policy at an average of 49.3% dividend
payout ratio irrespective of its earnings.
GlaxoSmithKline Pharmaceuticals Ltd.
Mkt Cap (Rs Cr) 17,532.90
Face Value (Rs) 10
Particular Year
Mar ' 11 Mar ' 10 Mar ' 09 Mar ' 08 Mar ' 07
Net profit / loss (Cr) 430.60 563.69 512.29 576.57 537.66
EPS (Rs.) 50.84 66.55 60.48 68.07 63.48
Dividend per share
(Rs.)
40.00 30.00 40.00 36.00 31.00
Dividend payout ratio
(%)
69.54 57.43 68.75 66.35 54.88
Earning retention ratio
(%)
33.74 43.87 14.74 13.09 17.90
#Note: GlaxoSmithKline Pharmaceuticals Ltd has maintained a stable dividend policy at an
average of around 63.3% dividend payout ratio.
Godrej Consumer Products Ltd.
Mkt Cap (Rs Cr) 15,276.07
Face Value (Rs) 1
Particular Year
Mar ' 11 Mar ' 10 Mar ' 09 Mar ' 08 Mar ' 07
Net profit / loss (Cr) 434.96 248.12 161.55 148.10 132.16
EPS (Rs.) 13.44 8.05 6.29 6.56 5.85
Dividend per share
(Rs.)
4.50 4.25 4.00 4.00 3.75
Dividend payout ratio
(%)
45.19 59.34 74.58 73.26 79.82
Earning retention ratio
(%)
51.22 40.01 25.64 30.78 18.19
#Note: Godrej Consumer Products Ltd Pharmaceuticals Ltd has maintained a stable dividend at
an average of around Rs. 4 per ordinary share.
Colgate-Palmolive (India) Ltd.
Mkt Cap (Rs Cr) 14,048.80
Face Value (Rs) 1
Particular Year
Mar ' 11 Mar ' 10 Mar ' 09 Mar ' 08 Mar ' 07
Net profit / loss (Cr) 402.58 423.26 290.22 231.71 160.17
EPS (Rs.) 29.60 31.12 21.34 17.04 1.18
Dividend per share
(Rs.)
22.00 20.00 15.00 13.00 9.50
Dividend payout ratio
(%)
86.65 75.08 82.05 98.24 92.47
Earning retention ratio
(%)
11.94 22.44 17.50 -4.47 34.60
#Note: Colgate-Palmolive (India) Ltd has a dividend policy which maintains an average payout
ratio of around 86%. To meet its payout ratio it makes appropriate changes to its dividend per
share.
United Breweries Ltd.
Mkt Cap (Rs Cr) 11,985.17
Face Value (Rs) 1
Particular Year
Mar ' 11 Mar ' 10 Mar ' 09 Mar ' 08 Mar ' 07
Net profit / loss (Cr) 167.98 96.97 62.50 62.47 65.09
EPS (Rs.) 6.60 4.04 2.60 2.89 3.01
Dividend per share
(Rs.)
0.60 0.36 0.30 - 0.25
Dividend payout ratio
(%)
14.00 12.65 17.57 2.28 10.97
Earning retention ratio
(%)
85.47 84.40 84.91 97.69 88.83
#Note: United Breweries Ltd does not put much emphasis on its dividend figures and it provides
very petty dividends.
GlaxoSmithKline Consumer Healthcare Ltd.
Mkt Cap (Rs Cr) 10,924.11
Face Value (Rs) 10
Particular Year
Mar ' 11 Mar ' 10 Mar ' 09 Mar ' 08 Mar ' 07
Net profit / loss (Cr) 355.21 299.85 232.78 188.33 162.60
EPS (Rs.) 84.45 71.29 55.34 44.78 38.62
Dividend per share
(Rs.)
50.00 18.00 15.00 12.00 10.00
Dividend payout ratio
(%)
81.77 38.04 39.18 36.29 37.77
Earning retention ratio
(%)
19.40 61.64 60.04 63.66 61.87
#Note: GlaxoSmithKline Consumer Healthcare Ltd maintains a stable dividend policy where it
maintains around 38% dividend payout ratio but March’11 is an exception because it paid a
special dividend of Rs. 25 in excess of proposed dividend to celebrate the Golden Jubilee of
Company.
