Le Merite Exports (NSE:LEMERITE) Dividend Payout Ratio : 0.00 (As of Mar. 2024)

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What is Le Merite Exports Dividend Payout Ratio?

Le Merite Exports's dividend payout ratio for the months ended in Mar. 2024 was 0.00.

Warning Sign:

If a company's dividend payout ratio is too high, its dividend may not be sustainable. The dividend payout ratio of Le Merite Exports Ltd is 0.85, which seems too high.

The historical rank and industry rank for Le Merite Exports's Dividend Payout Ratio or its related term are showing as below:

NSE:LEMERITE' s Dividend Payout Ratio Range Over the Past 10 Years
Min: 0.55 Med: 0.55 Max: 0.85
Current: 0.85

During the past 6 years, the highest Dividend Payout Ratio of Le Merite Exports was 0.85. The lowest was 0.55. And the median was 0.55.

NSE:LEMERITE's Dividend Payout Ratio is ranked worse than
78.4% of 426 companies
in the Manufacturing - Apparel & Accessories industry
Industry Median: 0.375 vs NSE:LEMERITE: 0.85

As of today (2024-06-06), the Dividend Yield % of Le Merite Exports is 0.59%.

During the past 6 years, the highest Trailing Annual Dividend Yield of Le Merite Exports was 2.40%. The lowest was 0.59%. And the median was 2.05%.

Le Merite Exports's Dividends per Share for the months ended in Mar. 2024 was ₹0.00.

During the past 12 months, Le Merite Exports's average Dividends Per Share Growth Rate was -50.00% per year.

The growth rate is calculated with least square regression.

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

Le Merite Exports Dividend Payout Ratio Historical Data

The historical data trend for Le Merite Exports's Dividend Payout Ratio can be seen below:

* 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.

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Le Merite Exports Dividend Payout Ratio Chart

Le Merite Exports Annual Data

Trend

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

Dividend Payout Ratio

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0.55

0.68

Le Merite Exports Semi-Annual Data
	Mar19	Mar20	Mar21	Sep21	Mar22	Sep22	Mar23	Sep23	Mar24
Dividend Payout Ratio	Get a 7-Day Free Trial				-	0.52	-	0.75	-

Competitive Comparison of Le Merite Exports's Dividend Payout Ratio

For the Textile Manufacturing subindustry, Le Merite Exports's Dividend Payout Ratio, along with its competitors' market caps and Dividend Payout Ratio 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.

Le Merite Exports's Dividend Payout Ratio Distribution in the Manufacturing - Apparel & Accessories Industry

For the Manufacturing - Apparel & Accessories industry and Consumer Cyclical sector, Le Merite Exports's Dividend Payout Ratio distribution charts can be found below:

* The bar in red indicates where Le Merite Exports's Dividend Payout Ratio falls into.

Le Merite Exports Dividend Payout Ratio Calculation

Dividend payout ratio measures the percentage of the company's earnings paid out as dividends.

Le Merite Exports's Dividend Payout Ratio for the fiscal year that ended in Mar. 2024 is calculated as

Dividend Payout Ratio	=	Dividends per Share (A: Mar. 2024 )	/	EPS without NRI (A: Mar. 2024 )
	=	0.5	/	0.74
	=	0.68

Le Merite Exports's Dividend Payout Ratio for the quarter that ended in Mar. 2024 is calculated as

Dividend Payout Ratio	=	Dividends per Share (Q: Mar. 2024 )	/	EPS without NRI (Q: Mar. 2024 )
	=	0	/	0.07
	=	0.00

Le Merite Exports (NSE:LEMERITE) Dividend Payout Ratio Explanation

In dividends investing, Payout Ratio and Dividend Growth Rate are the two most important variables for consideration. A lower payout ratio may indicate that the company has more room to increase its dividends.

Le Merite Exports Dividend Payout Ratio Related Terms

Thank you for viewing the detailed overview of Le Merite Exports's Dividend Payout Ratio provided by GuruFocus.com. Please click on the following links to see related term pages.

Le Merite Exports (NSE:LEMERITE) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Manufacturing - Apparel & Accessories » Le Merite Exports Ltd (NSE:LEMERITE) » Definitions » Dividend Payout Ratio

Traded in Other Exchanges

N/A

Address

1 st Floor, Chandivali Farm Road, B1-104D, Boomerang, Powai, Andheri- East, Mumbai, MH, IND, 400072

Website

https://www.lemeriteexports.com

Le Merite Exports Ltd is engaged in the manufacturing and trading of textile products namely cotton yarn, greige fabric, and finished fabric for domestic and export sales. The reportable segment for the Company is Textile Business.

Le Merite Exports (NSE:LEMERITE) Headlines

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