With 170% dividend & 2.80% yield, multibagger stock shall trade ex-dividend soon2 min read . Updated: 21 Aug 2022, 10:55 PM IST
- With a market valuation of Rs. 4,300.94 crores, Godawari Power & Ispat Ltd. is a small-cap company that operates in the industrial sector.
With a market valuation of Rs. 4,300.94 crores, Godawari Power & Ispat Ltd. is a small-cap company that operates in the industrial sector. Godawari Power & Ispat Ltd. (GPIL), a public limited company, is a founding member of the HIRA Group of Industries, located in Raipur, Chhattisgarh. The company deals in the steel sector, specialising in mild steel wire. Currently, GPIL manufactures mild steel wires and also produces steel wires, sponge iron, billets, ferroalloys, captive power, oxygen gas, fly ash brick, and last but not least, iron ore pellets. For the fiscal year 2021–2022, the Board of Directors has recommended paying a final dividend of Rs. 8.50 per share(i.e.170%) on a face value of Rs. 5/-each. At the current stock price of Rs. 303, this translates to a dividend yield of 2.80%.
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