Investing in stocks with high dividend yields can be an attractive strategy for income-seeking investors. Recently, a stock yielding an astonishing 480% has caught the attention of market watchers.
Price Movement
With a market capitalization of Rs. 12.7 crores, Taparia Tools Limited’s share price recently traded at Rs. 8.35 per share. Over the last six months, the company has given a return of 115.21 percent.
Dividend History:
Taparia Tools Limited has declared a substantial equity dividend of 400%, amounting to ₹40 per share for the fiscal year ending March 2024. This impressive dividend payout results in a remarkably high dividend yield of approximately 479.04%.
The company has maintained a consistent dividend distribution history, reflecting its commitment to returning value to shareholders. Over the past five years, Taparia Tools has reliably declared dividends, indicating a stable approach to shareholder returns amidst market fluctuations.
The below table shows the dividends paid by Taparia Tools Limited in the last three years:
Taparia Tools Limited’s revenue from operations has increased by 8.51 percent, from Rs. 87 crore in FY23 to Rs. 247 crore in FY24. The revenue of the company has grown at a CAGR of 15.12 percent over the last four years.
The company’s net profit has increased from Rs. 72 crore in FY23 to Rs. 100 crore in FY24, which has grown by 38.89 percent. The net profit of Taparia Tools Limited has grown at a CAGR of 34.02 percent over the last four years.
In terms of return ratios, the company’s return on equity should be 32.8 percent, and the return on capital employed should be 44 percent. Taparia Tools Limited is a debt-free company, that had total borrowing of zero crore in FY24.
Product Portfolio:
Taparia Tools showcases expertise in manufacturing diverse hand tools. Their comprehensive product line includes adjustable spanners, various pliers, screwdriver sets, socket accessories, torque wrenches, pipe tools, hammers, clamps, chisels, punches, and specialized non-sparking tools for professional use.
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International Footprints:
Taparia Tools Limited exports its high-quality hand tools to major markets like the UK, US, Germany, Sweden, Denmark, and the UAE, showcasing its strong global presence and commitment to excellence.
About the company
Taparia Tools Limited started its journey in 1969 through a technical collaboration with a Swedish company, pioneering quality hand tool manufacturing in India. The company operates two state-of-the-art manufacturing facilities in Nashik and Goa, producing professional-grade tools.
The company exports its tools to major markets, including the UK, USA, Germany, UAE, and various Asian and African countries. The business model combines manufacturing and trading, with 23% of revenue from manufactured products and 75% from traded goods.
Written by – Nikhil Naik
Disclaimer
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