Our 5th company in the Series of Which stock pays the highest dividend in india 2022 is Cheviot Co Ltd.
Here is the detail of dividend of Cheviot Co Ltd.
| EX-DATE | DIVIDEND AMOUNT | DIVIDEND TYPE |
| July 15, 2021 | 175.00 | SPECIAL |
| Feb. 27, 2020 | 48.00 | INTERIM |
| July 16, 2019 | 1.00 | FINAL |
You can see company given dividend Rs. 175.00 in July 15, 2021.
This company is good for investing purpose or not ?
Let’s start with the Company profile
Company Profile :
The company is engaged in the manufacturing and sale of jute goods like technical jute fabrics, customized jute shopping bags, covering fabrics, stuffing and other materials used in upholstering.
Now Let’s check the important fundamental figures of this company. This is a small cap company with Market Cap ₹839cr. We can check more fundamental details below in depth:
Company Fundamental Detail :
PE Ratio: 11.09
Sector PE Ratio: -458.03
PE Ratio of this company is high than Sector’s PE. So it’s a Good PE than the peers of this company.
PB Ratio : 1.23
Sector PB Ratio : 6.42
PB Ratio of this company is low than Sector’s PB ratio. So it’s Good PB than the peers of this company.
Dividend Yield : 13.06%
Sector Dividend Yield : 0.48%
Dividend Yield of this company is high than Sector. Dividend of this is Good than the peers of this company.
ROE: 11.10%
ROCE: 13.18%
ROE (Return on equity) and ROCE (Return on capital equity) is Below Average
According to above data, this company is looking fundamentally average. Now We’ll check the company Financially data:
Company Financial Detail
| Year | Revenue(cr.) | Profit(cr.) |
| 2021 | 441.31 | 75.74 |
| 2020 | 467.77 | 48.13 |
| 2019 | 416.67 | 50.18 |
| 2018 | 400.10 | 54.07 |
We should check now liabilities of company also in the below table
Total Current & Non Current Liabilities
| 2021 | 2020 | 2019 | 2018 |
| 57.13 | 53.18 | 52.89 | 44.57 |
Liabilities of a company refers to the debt of that company. We should also aware the debt of company. In 2021 , Company have 57.13 Cr. debt.
Let’s check the Free Cash flow of the company
Free Cash flow
| 2021 | 2020 | 2019 | 2018 |
| 25.83 | 25.83 | 5.24 | 34.99 |
Debt Level: Cheviot Co has more cash than its total debt.
Reducing Debt: Cheviot Co’s debt to equity ratio has increased from 0.7% to 1% over the past 5 years.
Debt Coverage: Cheviot Co’s debt is well covered by operating cash flow (710.5%).
Interest Coverage: Cheviot Co earns more interest than it pays, so coverage of interest payments is not a concern.
Share Holding Pattern
| Promotor Holding | Foreign Institution | Mutual Fund | Other Domestic Institutions | Retail & Others | |
| Jun 2021 | 74.77% | 0.28% | 0.00% | 0.16% | 24.78% |
| Mar 2021 | 74.77% | 0.22% | 0.00% | 0.16% | 24.83% |
| Dec 2020 | 74.77% | 0.03% | 0.00% | 0.16% | 25.03% |
| Sep 2020 | 74.77% | 0.03% | 0.00% | 0.16% | 24.87% |
Above table showing there is no big change in Promotors holding which is 74.77% in June 2021. FIIs invested in June 2021 with 0.28% and retail investor is 24.78%.
Now We’ll check the return of the company, This company started from Rs. 312.89 at 2 Jan 2008. This company given 89.22% returns in last 1 year from 2021 to 6 Jan 2022.
Investment Checklist for Cheviot Co Ltd.
- The company is currently profitable
- Large one-off items impacting financial results
- Earnings have grown by 11.7% per year over past 5 years
- Debt level is low and not considered a risk
- Share price has been stable over the past 3 months
- Profit margins improved or Cheviot Co became profitable
- At least 3 years of financial data is available
- Revenue is meaningful (₹5B)
- Market cap is meaningful (₹8B)
- Cheviot Co does not have negative shareholders equity.
According to its historical performance we can predict stock target.
[membership_protected_content user=non-member]
Entry Buying Zone : Premium members can see only
Target: Premium members can see only
Time Horizon:Premium members can see only
Risk Profile: Premium members can see only
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Entry Buying Zone : 1100 to 1200
Target: 1600 (35% Upside)
Time Horizon: 1 Year
Risk Profile: Low Risk (Stock is 1.88x as volatile as Nifty)
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Hope you liked Our 5th company in the Series of Which stock pays the highest dividend in India 2022. We tried to cover many important things about this company, if you think anything left to cover, you can comment us and we’ll try to cover those things also.
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