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    One Dividend Policy by An Organization - Team 2

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    Aishwarya Kulkarni
    Torrent Pharmaceuticals Ltd is an Indian pharmaceutical company that was founded in 1959. It has over 4000 employees and manufactures drugs for cardiovascular and central nervous system conditions. Torrent has a modern R&D center and allocates 9% of annual sales to R&D. It exports products to over 50 countries. Torrent's dividend policy aims to balance payouts to shareholders with retaining earnings for reinvestment. In the past, it has paid annual dividends between Rs. 2.5 to Rs. 6 per share. Several factors like earnings stability, taxation, and past payout rates influence Torrent's dividend decisions.

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    One Dividend Policy by An Organization - Team 2

    Uploaded by

    Aishwarya Kulkarni
    232 views15 pages
    Torrent Pharmaceuticals Ltd is an Indian pharmaceutical company that was founded in 1959. It has over 4000 employees and manufactures drugs for cardiovascular and central nervous system conditions. Torrent has a modern R&D center and allocates 9% of annual sales to R&D. It exports products to over 50 countries. Torrent's dividend policy aims to balance payouts to shareholders with retaining earnings for reinvestment. In the past, it has paid annual dividends between Rs. 2.5 to Rs. 6 per share. Several factors like earnings stability, taxation, and past payout rates influence Torrent's dividend decisions.

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    Torrent Pharma

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    Torrent Pharmaceuticals Ltd is an Indian pharmaceutical company that was founded in 1959. It has over 4000 employees and manufactures drugs for cardiovascular and central nervous system conditions. Torrent has a modern R&D center and allocates 9% of annual sales to R&D. It exports products to over 50 countries. Torrent's dividend policy aims to balance payouts to shareholders with retaining earnings for reinvestment. In the past, it has paid annual dividends between Rs. 2.5 to Rs. 6 per share. Several factors like earnings stability, taxation, and past payout rates influence Torrent's dividend decisions.

    Copyright:

    Attribution Non-Commercial (BY-NC)
    Download as PPT, PDF, TXT or read online from Scribd
    Download as ppt, pdf, or txt
    232 views15 pages

    One Dividend Policy by An Organization - Team 2

    Uploaded by

    Aishwarya Kulkarni
    Torrent Pharmaceuticals Ltd is an Indian pharmaceutical company that was founded in 1959. It has over 4000 employees and manufactures drugs for cardiovascular and central nervous system conditions. Torrent has a modern R&D center and allocates 9% of annual sales to R&D. It exports products to over 50 countries. Torrent's dividend policy aims to balance payouts to shareholders with retaining earnings for reinvestment. In the past, it has paid annual dividends between Rs. 2.5 to Rs. 6 per share. Several factors like earnings stability, taxation, and past payout rates influence Torrent's dividend decisions.

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    One Dividend

    Policy by an
    Organization
    - Team 2
    What is a Dividend?
    • Dividends are payments made by a
    corporation to its shareholder members.

    Payout

    Retention

    1
    Forms of Payment
    1. Cash dividend
    2. Stock or scrip dividend
    3. Property dividends
    4. Other dividends

    2
    Dividend Policy
    • It is a financial decision that determines
    the divisions of earnings between payment
    to shareholders and retained earnings.
    • Dividend – portion of profits distributed
    • Policy- plan of action

    3
    Torrent Pharmaceuticals
    Ltd.
    • Type: Public
    • Industry: Pharmaceuticals
    • Founded: 1959
    • Headquarters: Ahmedabad, India
    • Key person: U.N. Mehta
    • Employees: 4000+

    4
    Its Operations
    • The company's key areas are
    Formulations, Drug Discovery, Marketing
    and Sales of Drugs
    • A dominant player in the therapeutic areas
    of cardiovascular (CV) and central nervous
    system (CNS)
    • A 4000+ strong field force caters to around
    2, 00,000 doctors across the country,
    which makes it rank 5th in terms of market
    reach.
    5
    • Torrent has a modern and well-equipped
    state-of-the-art R&D Centre- with an
    investment of US $ 40 million.
    • It is manned by more than 525 highly
    qualified scientists, with a combined
    experience of over 2500 scientific man-
    years in Drug Discovery and
    Development.
    • Torrent Pharma has earmarked 9% of
    sales year-after-year for R&D
    advancement.

    6
    • Torrent Pharma exports to more than 50
    countries around the world with over 1000
    product registrations.

    7
    Dividend History
    • Date Dividend paid
    • 8-6-2010 Rs. 6
    • 10-6-09 Rs. 4
    • 23-6-08 Rs. 3.5
    • 26-3-07 Rs. 3
    • 19-6-06 Rs. 2.5

    9
    Shareholding Pattern
    • Last March, 2011

    Interest
    Promoter 71.51%
    FII 3.57%
    DII 12.75%
    Others (general public) 12.17%
    Total 100%

    10
    • Currently, the share price is 614.25
    (in crores)

    Sales 450

    PAT 65.95

    EPS 7.79

    • Market capital- 5196


    11
    • Scrip ID: Torrentph
    • Scrip code: 500420
    • Group: B
    • Index: BSE500
    • Face Value: 5
    • Industry: Pharmaceutical

    12
    • Compared with other Pharmaceutical
    companies:
    EPS
    • Cipla 2.67
    • IPCA Lab 5.10
    • Wockhardt 6.09

    • Torrent Pharma is consistently giving the


    highest dividend to the investors.
    13
    Factors affecting
    dividend policy
    1. Stability of earnings
    2. Age of corporations
    3. Government policies
    4. Taxation policy
    5. Past dividend rate
    6. Repayments of loan

    14
    Thank You

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