Introduction
Ambika Cotton Mills Ltd, a debt-free company in the textile sector, has announced a dividend of Rs 35 per share to its investors. In this news article, we will discuss the functioning of the company, its current position in the stock market, and information about the returns and the dividend.
Ambika Cotton Mills Ltd
Ambika Cotton Share Company Information
Ambika Cotton Mills Ltd was started on 6 October 1988 and operates as a cotton yarn manufacturer. The company’s manufacturing area is located in Dindigul, Tamil Nadu. It exports 45% of its production to countries like Hong Kong, Taiwan, China, Turkey, Singapore, Korea, Israel, Italy, Germany, and Peru.
Ambika Cotton Share Current Situation
The market cap of Ambika Cotton Mills Ltd is Rs 931.09 crore, and the promoter holding is 50.17%. The company is currently debt-free and has Rs 277.27 crore available in the form of free cash. It has provided a dividend yield of 2.17% to its investors. The company has recorded a sales growth of -7.93% and a profit growth of -37.80%.
Return Information for Last 5 Years
Ambika Cotton Mills Ltd has provided returns of 21% in the last 6 months, -4% returns in the last 1 year, and 34% returns in the last 3 years. In the last 5 years, the company has given returns of 6%.
Declaration of Dividend of Rs 35
Ambika Cotton Mills Ltd achieved a net profit of Rs 20 crores in June 2023, compared to Rs 18 crores in the previous quarter. The company’s stock is currently trading at Rs 1626, with a 52-week high of Rs 1,888 and a 52-week low of Rs 1314. The company has announced a dividend of Rs 35 per share, with an ex-date of 22 September 2023 and a record date of 23 September 2023.
Disclaimer: The purpose of this news article is to provide information only. Stocknewshub.in does not advise investing in the stock market. The stock market is subject to risk, so it is recommended to seek expert advice before investing.
READ MORE: Big good news in 2 stocks of Adani Group
