Introduction
Today, we will be discussing the auto ancillary sector and focusing on Maharashtra Scooters Share. The company has recently announced a dividend of Rs 110 per share to its investors. In this article, we will provide detailed information about the company, its current position in the share market, the returns it has generated, and the dividend announcement.
Maharashtra Scooters Ltd
Maharashtra Scooters Ltd was established on 11 June 1975. The company holds a 3.35% stake in Bajaj Auto, a 4.88% stake in Bajaj Auto Finance, a 27% stake in Western Maharashtra Development Corporation, and a 24% stake in Bajaj Auto. The headquarters of the company is located in Akurdi, Pune, Maharashtra.
Maharashtra Scooters Share Current Situation
The market cap of Maharashtra Scooters Share is Rs 8,640 crore. The company has free cash of Rs 5.22 crore. The promoter holding is recorded at 51%. The company has provided a dividend yield of 2.15% to its investors. It is currently debt-free with a sales growth of 11.47% and profit growth of 36.84%. The company’s ROE is 0.93% and ROCE is 0.92%.
Return Information for Last 5 Years
In the last 6 months, Maharashtra Scooters Share has given a return of 78% to its investors. Over the past year, it has provided a return of 42%. In the last three years, the company has given a return of 35%, and in the last 5 years, it has given a return of 21%. The company has consistently generated good returns for its investors in both the short term and long term.
Declaration of Dividend of Rs 110 per Share
According to the information received from the company, Maharashtra Scooters Share has declared a dividend of Rs 110 per share to its shareholders. The record date for the dividend is 29 September 2023, and the ex-dividend date is also 29 September 2023. The company has provided a dividend yield of 2.15% to its investors. Previously, the company had given dividends of Rs 180 in 2022 and Rs 60 in June 2023.
Disclaimer: The purpose of this news article is to provide information only. We do not advise investing in the stock market. The stock market is subject to risks, so it is recommended to seek expert advice before making any investment decisions.
