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Nitiraj Engineers (NSE:NITIRAJ) 3-Year Dividend Growth Rate : 0.00% (As of Sep. 2024)


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What is Nitiraj Engineers 3-Year Dividend Growth Rate?

Nitiraj Engineers's Dividends per Share for the three months ended in Sep. 2024 was ₹1.50.

The historical rank and industry rank for Nitiraj Engineers's 3-Year Dividend Growth Rate or its related term are showing as below:

NSE:NITIRAJ's 3-Year Dividend Growth Rate is not ranked *
in the Hardware industry.
Industry Median: 14.5
* Ranked among companies with meaningful 3-Year Dividend Growth Rate only.

Please click Growth Rate Calculation Example (GuruFocus) to see how GuruFocus calculates Wal-Mart Stores Inc (WMT)'s revenue growth rate. You can apply the same method to get the average dividends per share growth rate.

Nitiraj Engineers's Dividend Payout Ratio for the three months ended in Sep. 2024 was 75.00. As of today, Nitiraj Engineers's Dividend Yield % is 0.66%.

For more information regarding to dividend, please check our Dividend Page.


Competitive Comparison of Nitiraj Engineers's 3-Year Dividend Growth Rate

For the Scientific & Technical Instruments subindustry, Nitiraj Engineers's 3-Year Dividend Growth Rate, along with its competitors' market caps and 3-Year Dividend Growth Rate data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.


Nitiraj Engineers's 3-Year Dividend Growth Rate Distribution in the Hardware Industry

For the Hardware industry and Technology sector, Nitiraj Engineers's 3-Year Dividend Growth Rate distribution charts can be found below:

* The bar in red indicates where Nitiraj Engineers's 3-Year Dividend Growth Rate falls into.



Nitiraj Engineers 3-Year Dividend Growth Rate Calculation

This is the average annual rate that a company has been raising its dividends. The growth rate is calculated with expontential compound based on the latest four year annual data.

Please click Growth Rate Calculation Example (GuruFocus) to see how GuruFocus calculates Wal-Mart Stores Inc (WMT)'s revenue growth rate. You can apply the same method to get the average dividends per share growth rate.


Nitiraj Engineers  (NSE:NITIRAJ) 3-Year Dividend Growth Rate Explanation

1. Dividend Payout Ratio measures the percentage of the company's earnings paid out as dividends.

Nitiraj Engineers's Dividend Payout Ratio for the quarter that ended in Sep. 2024 is calculated as

Dividend Payout Ratio=Dividends per Share (Q: Sep. 2024 )/ EPS without NRI (Q: Sep. 2024 )
=1.5/ 0.02
=75.00

During the past 13 years, the highest Dividend Payout Ratio of Nitiraj Engineers was 0.20. The lowest was 0.00. And the median was 0.00.

2. Dividend Yield % measures how much a company pays out in dividends each year relative to its share price.

Nitiraj Engineers Recent Full-Year* Dividend History

Amount Ex-date Record Date Pay Date Type Frequency Forex Rate
INR 1.5000002024-09-172024-09-182024-10-11Cash DividendannuallyINR:INR 1.000000

* GuruFocus has an internal rule that if the most recent dividend payment frequency is at least 4 times a year, then the full year will be calculated according to the frequency of payment or the one-year time frame, whichever is stricter.
* GuruFocus converts dividend currency to local traded share price currency in order to calculate dividend yield. Please refer to the last column "Forex Rate" in the above table.

Nitiraj Engineers's Dividend Yield (%) for Today is calculated as

Dividend Yield %=Most Recent Full Year Dividend/Current Share Price
=1.5/233.22
=0.64 %

Current Share Price is ₹233.22.
Nitiraj Engineers's Dividends per Share for the trailing twelve months (TTM) ended in Today is ₹1.5.

During the past 13 years, the highest Dividend Yield of Nitiraj Engineers was 0.70%. The lowest was 0.58%. And the median was 0.60%.

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.


Nitiraj Engineers 3-Year Dividend Growth Rate Related Terms>


Nitiraj Engineers Business Description

Traded in Other Exchanges
N/A
Address
Plot NO J25, J26,MIDC Awadhan, Dhule, MH, IND, 424006
Nitiraj Engineers Ltd offers measure and counting devices in India. It operates in five broad segments i.e., Electronic Weighing Scales and Systems, Electronic Currency Counting Machines, and Digital Fare Meters, Home and Hotel Automation, and Mechanical Scales. The company generates maximum revenue from the Electronic Weighing Scales and Systems segment. Its diverse product portfolio caters to various sectors such as industrial, commercial, jewellery, healthcare, household, automobile, and home and hotel. Geographically it derives a majority of its revenue from India.

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