Archive | September, 2013

Companies that trade below their 11 year cumulative paid dividends.

1 Sep

I aggregated the dividend history of all indian companies from various sources since year 2002.

WARNING: IT IS NOT A RECOMMENDATION TO BUY ANYTHING. DATA MAY BE BIT INACCURATE WHEN IT COMES TO CONSOLIDATION/SPLIT/BONUS.

Found that close to 178 companies are trading below their 10-11 year cumulative dividends paid.

That may not be a sign for buying them as many suffer from structural/cyclical reasons.

But this data may shield us from the general bearish sentiment that we suffer from now.

Many of these companies suffer from “Structural issues” like “No single promoter”, “Huge Debt”, “Huge Foreign currency loans”, “Foreign competeition” etc.

Company Name Current Market Price 11 year cumulative dividend
VARUN SHIPPING CO.LTD. 5.98 28.1
MAHANAGAR TELEPHONE NIGAM LTD. 9.9 31
HCL INFOSYSTEMS LTD. 21.7 61.4
3I INFOTECH LTD. 4.01 11
GLODYNE TECHNOSERVE LTD. 6.1 16.15
RAMCO INDUSTRIES LTD. 36 92.95
FALCON TYRES LTD 8.75 22.5
SHIPPING CORPORATION OF INDIA LTD. 30.6(Even if we consider the 1 for 2 bonus it should be 45Rs) 76.5
WEST COAST PAPER MILLS LTD. 38.7 80.2
INDO RAMA SYNTHETICS (INDIA) LTD. 13.24 27.05
EVEREST KANTO CYLINDER LTD. 7.5 14.05
KABRA EXTRUSIONTECHNIK LTD. 23.95 41.75
JM FINANCIAL LTD.-$ 19.15 32.8
MIRC ELECTRONICS LTD.(ONIDA) 5.1 8.45
TULIP TELECOM LTD. 7.89 12.2
INVESTMENT & PRECISION CASTINGS LTD. 35.95 54.7
ALOK INDUSTRIES LTD. 6.35 9.55
BLUE STAR INFOTECH LTD. 75.9 111.5
MUNJAL AUTO INDUSTRIES LTD. 26.8 39.5
ENGINEERS INDIA LTD. 129.95 190.75(This stock underwent a 1:1 split in 2010)
SIRPUR PAPER MILLS LTD. 19.4 27.5
BANCO PRODUCTS (INDIA) LTD 38.4 16.35(after considering 1:1 bonus and and 1:5 split in 2007)
Dalmia Bharat Sugar and Industries Ltd 13.35 18.5
RICO AUTO INDUSTRIES LTD. 5.17 6.3
J.J.EXPORTERS LTD. 11.3 14.3
ASHOK LEYLAND LTD. 12 7.3(After adjusting for bonus in 2011)
KANORIA CHEMICALS & INDUSTRIES LTD. 26.5 28.5
ORCHID CHEMICALS & PHARMACEUTICALS LTD. 40.05 42
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