monthly corporate action tracker - icici...

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Research Analyst

Monthly Corporate Action Tracker

Dossier of key corporate actions in August, 2020

Amit Gupta Bharat Chhoda Cheragh Sidhwa

[email protected] [email protected] [email protected]

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Corporate Action Tracker - August 2020

Preferential allotment in July 2020

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Board meetings and AGM for August 2020

Major stakeholder’s activity in July 2020

Stock split and open offer for August 2020

Announced dividend1

Historical trends of corporate actions6

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Companies likely to pay dividend in August 2020

Announced dividend

Source: Capitaline, ICICI Direct Research

Announced dividend

Source: Capitaline, ICICI Direct Research.

C o m p an y Divid e n d Face valu e Divid e n dDivid e n d Yie ld Ex-d ate

(%) (|) (|/s h are ) (%)

Escorts 25 10.00 2.5 0.2 8/13/2020

Baja j S teel Inds 40 5.00 2 1.1 8/13/2020

A njani Portland 50 10.00 5 3.0 8/13/2020

Dabur India 160 1.00 1.6 0.3 8/13/2020

TTK Pres tige 200 10.00 20 0.4 8/13/2020

Maruti Suz uki 1200 5.00 60 0.9 8/13/2020

NTPC 26.5 10.00 2.65 3.0 8/13/2020

Birlasof t L td 50 2.00 1 0.7 8/13/2020

G PT Inf raproject 15 10.00 1.5 4.7 8/13/2020

ERIS L ifescience 550 1.00 5.5 1.0 8/13/2020

Century Textiles 30 10.00 3 0.9 8/14/2020

Haw kins Cookers 800 10.00 80 1.7 8/14/2020

A SM Technologies 20 10.00 2 2.2 8/14/2020

V arun Beverages 25 10.00 2.5 0.3 8/14/2020

Birla Corpn. 75 10.00 7.5 1.2 8/17/2020

Clariant Chemica 110 10.00 11 2.6 8/17/2020

Cummins India 350 2.00 7 1.7 8/17/2020

Hindcon Chemical 9 10.00 0.9 5.4 8/17/2020

Pressman A dv. 50 2.00 1 5.0 8/18/2020

Can Fin Homes 100 2.00 2 0.5 8/18/2020

I G Petrochems 20 10.00 2 1.0 8/18/2020

United Brew eries 250 1.00 2.5 0.3 8/18/2020

Everes t Inds . 10 10.00 1 0.4 8/19/2020

O rient Paper 50 1.00 0.5 2.7 8/19/2020


(%) (|) (|/s h are ) (%)

G MM Pfaudler 100 2.00 2 0.0 8/19/2020

A DC India 20 10.00 2 0.9 8/19/2020

UPL 300 2.00 6 1.2 8/19/2020

Sincla irs Hote ls 40 2.00 0.8 1.8 8/19/2020

John Cockerill 50 10.00 5 0.9 8/19/2020

Sun Pharma.Inds . 100 1.00 1 0.2 8/19/2020

Heritage Foods 50 5.00 2.5 0.8 8/19/2020

BDH Indus tries 25 10.00 2.5 2.8 8/19/2020

Lumax A uto Tech. 50 2.00 1 1.0 8/19/2020

Rites 60 10.00 6 2.4 8/19/2020

G TPL Hathw ay 30 10.00 3 2.8 8/19/2020

G N F C 50 10.00 5 3.0 8/20/2020

A kz o Nobel 140 10.00 14 0.7 8/20/2020

Unichem Labs . 200 2.00 4 1.6 8/20/2020

Lumax Indus tries 60 10.00 6 0.4 8/20/2020

Es ter Indus tries 50 5.00 2.5 3.9 8/20/2020

Stanrose Mafat. 60 10.00 6 6.3 8/20/2020

Tata Comm 40 10.00 4 0.5 8/20/2020

Tide Water O il 2800 5.00 140 3.0 8/20/2020

Tata Meta liks 25 10.00 2.5 0.5 8/20/2020

Sky Indus tries 5 10.00 0.5 2.4 8/20/2020

A vanti Feeds 10 1.00 0.1 0.0 8/20/2020

Bhageria Indus t. 60 5.00 3 2.3 8/20/2020

A lankit 20 1.00 0.2 1.1 8/20/2020

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Companies likely to pay dividend in August 2020

Announced dividend


Announced dividend

Source: Capitaline, ICICI Direct Research.


(%) (|) (|/s h are ) (%)

Lak. Fin. & Indl 20 10.00 2 3.9 8/20/2020

Shankar La l Ram. 1 10.00 0.1 0.2 8/20/2020

Indian Hume Pipe 100 2.00 2 1.2 8/21/2020

Tinplate Co. 10 10.00 1 0.7 8/21/2020

Radico K haitan 100 2.00 2 0.5 8/21/2020

Dynamic Indus tri 15 10.00 1.5 3.8 8/21/2020

Lovable L ingerie 5 10.00 0.5 1.0 8/21/2020

V aibhav G lobal 50 10.00 5 0.3 8/21/2020

Multi Comm. Exc. 300 10.00 30 1.8 8/21/2020

Dollar Indus trie 85 2.00 1.7 1.3 8/24/2020

Somany Home Inn. 7.5 2.00 0.15 0.2 8/24/2020

Bannari A mm.Sug. 100 10.00 10 0.8 8/25/2020

Polyplex Corpn 60 10.00 6 0.8 8/25/2020


(%) (|) (|/s h are ) (%)

Bimeta l Bearings 70 10.00 7 2.5 8/26/2020

Bombay O xygen 10 100.00 10 0.1 8/27/2020

Munja l Show a 225 2.00 4.5 3.9 8/27/2020

Hes ter Bios 66 10.00 6.6 0.5 8/27/2020

Ecoplas t 15 10.00 1.5 1.6 8/27/2020

G reenply Indus tr 40 1.00 0.4 0.5 8/27/2020

Ishan Dyes & Ch. 10 10.00 1 3.0 8/27/2020

Sterlite Tech. 175 2.00 3.5 2.7 8/27/2020

O rissa Bengal 5 10.00 0.5 1.5 8/27/2020

A bbott India 2500 10.00 250 1.5 8/28/2020

Jos ts Engg. Co. 30 10.00 3 0.6 8/28/2020

S I Paper Mills 15 10.00 1.5 2.3 8/28/2020

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Announced dividend1


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Board meetings scheduled in August 2020

Board meetings in August 2020




C o m p an y n am e Me e tin g d ate Bo ard m e e tin g p u rp o s e

A urobindo Pharma 8/12/2020 Q uarterly Results ,Interim Div idend

Bharat Forge 8/12/2020 Q uarterly Results

A arti Indus tries 8/12/2020 Q uarterly Results

Natco Pharma 8/12/2020 Q uarterly Results ,Interim Div idend

A shok Leyland 8/12/2020 Q uarterly Results

Tata Pow er Co. 8/12/2020 Q uarterly Results

WA BCO India 8/12/2020 Q uarterly Results

Cummins India 8/12/2020 Q uarterly Results

A A V A S Financiers 8/12/2020 Q uarterly Results

Sundram Fas ten. 8/12/2020 Q uarterly Results

Thermax 8/12/2020 Q uarterly Results

Fine O rganic 8/12/2020 Q uarterly Results

A s ter DM Health. 8/12/2020 Q uarterly Results

Chola Financia l 8/12/2020 Q uarterly Results

A BB Pow er Produc 8/12/2020 Q uarterly Results

K alpataru Pow er 8/12/2020 Q uarterly Results

Firs tsour.Solu. 8/12/2020 Q uarterly Results

G raphite India 8/12/2020 Q uarterly Results

MA S FINA NC SER 8/12/2020 Q uarterly Results

G ulf O il Lubric . 8/12/2020 Q uarterly Results

K P R Mill L td 8/12/2020 Q uarterly Results

Brigade Enterpr. 8/12/2020 Q uarterly Results

Indos tar Capita l 8/12/2020 Q uarterly Results

Century Plyboard 8/12/2020 Q uarterly Results

G S F C 8/12/2020 Q uarterly Results


A dvanced Enz yme 8/12/2020 Q uarterly Results

Tanla Solutions 8/12/2020 Q uarterly Results

Bala ji A mines 8/12/2020 Q uarterly Results

O rient Ref rac. 8/12/2020 Q uarterly Results

NCC 8/12/2020 Q uarterly Results

Schneider Elect. 8/12/2020 Q uarterly Results

Navneet Educat. 8/12/2020 Q uarterly Results

eClerx Serv ices 8/12/2020 Q uarterly Results

ISG EC Heavy 8/12/2020 Q uarterly Results

Lumax Indus tries 8/12/2020 Q uarterly Results

Transport Corp. 8/12/2020 Q uarterly Results

Rupa & Co 8/12/2020 Q uarterly Results

Subros 8/12/2020 Q uarterly Results

S H K elkar & Co. 8/12/2020 Q uarterly Results

K irl. Brothers 8/12/2020 Q uarterly Results

IO N Exchange 8/12/2020 Q uarterly Results

NA CL Indus tries 8/12/2020 Preferentia l Is sue

Ultramarine Pig. 8/12/2020 Q uarterly Results

SMS Pharma. 8/12/2020 Q uarterly Results

EIH A ssoc.Hote ls 8/12/2020 Q uarterly Results

Ugro Capita l 8/12/2020 Q uarterly Results

Tata Tele. Mah. 8/12/2020 Q uarterly Results

K irl.Pneumatic 8/12/2020 Q uarterly Results

India Nipp.Elec. 8/12/2020 Q uarterly Results

K ingfa Science 8/12/2020 Q uarterly Results

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Punjab Chemicals 8/12/2020 Q uarterly Results

Disa India 8/12/2020 Q uarterly Results

B P C L 8/13/2020 Q uarterly Results

Eicher Motors 8/13/2020 Q uarterly Results

Hero Motocorp 8/13/2020 Q uarterly Results

Tata Steel 8/13/2020 O thers

G A IL (India) 8/13/2020 Q uarterly Results

G ras im Inds 8/13/2020 Q uarterly Results

Balkrishna Inds 8/13/2020 Q uarterly Results ,Interim Div idend

3M India 8/13/2020 Q uarterly Results

Pow er Fin.Corpn. 8/13/2020 Q uarterly Results

Trent 8/13/2020 Q uarterly Results

Shriram Trans . 8/13/2020 Q uarterly Results ,Private Placement Bas is

Endurance Tech. 8/13/2020 Q uarterly Results

G odrej Indus trie 8/13/2020 Q uarterly Results

Pres tige Es tates 8/13/2020 Q uarterly Results

A ditya Bir. Fas . 8/13/2020 Q uarterly Results

City Union Bank 8/13/2020 Q uarterly Results

Timken India 8/13/2020 Q uarterly Results

A PL A pollo Tubes 8/13/2020 Q uarterly Results

Bharat Rasayan 8/13/2020 O thers

Engineers India 8/13/2020 Q uarterly Results

K averi Seed Co. 8/13/2020 Q uarterly Results

EIH 8/13/2020 Q uarterly Results

Redington India 8/13/2020 Q uarterly Results


Dishman Carbogen 8/13/2020 O thers

Sharda Cropchem 8/13/2020 Q uarterly Results

G arden Reach Sh. 8/13/2020 Q uarterly Results

Prism Johnson 8/13/2020 Q uarterly Results

G reaves Cotton 8/13/2020 Q uarterly Results

Paisa lo Digita l 8/13/2020 Q uarterly Results

Minda Corp 8/13/2020 Q uarterly Results

V enky's (India) 8/13/2020 Q uarterly Results

A mrutanjan Healt 8/13/2020 Q uarterly Results

Shoppers Stop 8/13/2020 Q uarterly Results

D B Corp 8/13/2020 Q uarterly Results

Sandhar Tech 8/13/2020 Q uarterly Results

TV S Srichakra 8/13/2020 Q uarterly Results

Pra j Indus tries 8/13/2020 Q uarterly Results

Mayur Uniquoters 8/13/2020 Q uarterly Results

Excel Indus tries 8/13/2020 Q uarterly Results

SEA MEC L td 8/13/2020 Q uarterly Results

INEO S Styrolut. 8/13/2020 Q uarterly Results

India G lycols 8/13/2020 Q uarterly Results

Sunf lag Iron 8/13/2020 Q uarterly Results

Shankara Build. 8/13/2020 Q uarterly Results

Safari Inds . 8/13/2020 Q uarterly Results

T N New sprint 8/13/2020 Q uarterly Results

TTK Healthcare 8/13/2020 Q uarterly Results

Xchanging Sol. 8/13/2020 Q uarterly Results ,Delis ting of Shares

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Lumax A uto Tech. 8/13/2020 Q uarterly Results

Electros t.Cas t. 8/13/2020 Q uarterly Results

K irloskar Indus . 8/13/2020 Q uarterly Results

I G Petrochems 8/13/2020 Q uarterly Results

NTPC 8/14/2020 Q uarterly Results

Berger Paints 8/14/2020 Q uarterly Results

Hindalco Inds . 8/14/2020 Q uarterly Results

MRF 8/14/2020 Q uarterly Results

United Brew eries 8/14/2020 Q uarterly Results

V oltas 8/14/2020 Q uarterly Results

New India A ssura 8/14/2020 Q uarterly Results

The Ramco Cement 8/14/2020 Q uarterly Results

Sun TV Netw ork 8/14/2020 Q uarterly Results

G lenmark Pharma. 8/14/2020 Q uarterly Results

Fortis Health. 8/14/2020 Q uarterly Results

IIFL Wealth Mgt 8/14/2020 Q uarterly Results

Indian Bank 8/14/2020 Q uarterly Results

Dilip Buildcon 8/14/2020 O thers

Finolex Cables 8/14/2020 Q uarterly Results

NESCO 8/14/2020 Q uarterly Results

V arroc Engineer 8/14/2020 Q uarterly Results

Elgi Equipments 8/14/2020 Q uarterly Results

Polyplex Corpn 8/14/2020 Q uarterly Results

Majesco 8/14/2020 Q uarterly Results

Boros il 8/14/2020 Q uarterly Results


K SB 8/14/2020 Q uarterly Results

V RL Logis tics 8/14/2020 Q uarterly Results

H.G . Inf ra Engg. 8/14/2020 O thers

V olt.Trans form. 8/14/2020 Q uarterly Results

G reenply Indus tr 8/14/2020 Q uarterly Results ,Employee Stock O ption

Bodal Chemicals 8/14/2020 Q uarterly Results

V idhi Specia lty 8/14/2020 Q uarterly Results ,Interim Div idend

Britannia Inds . 8/17/2020 Interim Div idend,Bonus Issue

Petronet LNG 8/17/2020 O thers

Can Fin Homes 8/17/2020 Q uarterly Results

HFCL 8/17/2020 Q uarterly Results

HLE G lascoat 8/17/2020 O thers

Z ee Enterta inmen 8/18/2020 O thers

J K Cements 8/18/2020 Q uarterly Results

K NR Cons truct. 8/18/2020 Q uarterly Results

Uf lex 8/18/2020 O thers

Balmer Law rie 8/18/2020 Q uarterly Results ,A G M

G uj Inds . Pow er 8/18/2020 O thers

K ennameta l India 8/19/2020 Q uarterly Results ,Change in Directors

Tide Water O il 8/19/2020 Q uarterly Results

A s ian G ranito 8/19/2020 O thers

O il India 8/21/2020 Q uarterly Results

Federa l-Mogul G o 8/25/2020 O thers

A vanti Feeds 8/27/2020 O thers

I D F C 8/27/2020 O thers

BF Utilities 8/31/2020 A ccounts

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AGM scheduled in August 2020

AGM in August 2020


AGM in August 2020


C o m p an y n am e Eve n t Date Eve n t L o catio n

UltraTech Cem. 8/12/2020 V ideo Conference/A udio V isuals

Hero Motocorp 8/12/2020 V ideo Conference/A udio V isuals

Lupin 8/12/2020 -

Balkrishna Inds 8/12/2020 -

Thermax 8/12/2020 -

V -G uard Indus tri 8/12/2020 -

Chola Financia l 8/12/2020 -

K alpataru Pow er 8/12/2020 -

Redington India 8/12/2020 -

Raymond 8/12/2020 -

Transport Corp. 8/12/2020 -

Larsen & Toubro 8/13/2020 V ideo Conference/A udio V isuals

IC IC I Lombard 8/13/2020 -

Page Indus tries 8/13/2020 -

G odrej Indus trie 8/13/2020 V ideo Conference/A udio V isuals

JSW Energy 8/13/2020 V ideo Conference/A udio V isuals

G ranules India 8/13/2020 -

A BB Pow er Produc 8/13/2020 -

G oodyear India 8/13/2020 -

G reaves Cotton 8/13/2020 -

Shoppers S top 8/13/2020 -

IC IC I Bank 8/14/2020 V ideo Conference/A udio V isuals

J K Cements 8/14/2020 -

C ity Union Bank 8/14/2020 -

Sheela Foam 8/14/2020 -


A ster DM Health. 8/14/2020 -

A lkyl A mines 8/14/2020 -

EIH 8/14/2020 -

NESCO 8/14/2020 -

V arroc Engineer 8/14/2020 -

Elgi Equipments 8/14/2020 -

Prism Johnson 8/14/2020 -

La O pala RG 8/14/2020 -

Nilkamal L td 8/14/2020 -

V RL Logis tics 8/14/2020 -

V olt.Trans form. 8/14/2020 -

IDBI Bank 8/17/2020 -

SRF 8/17/2020 -

Delta Corp 8/17/2020 -

A par Inds . 8/17/2020 -

Bharti A irte l 8/18/2020 -

K otak Mah. Bank 8/18/2020 V ideo Conference/A udio V isuals

A lkem Lab 8/18/2020 -

Honeyw ell A uto 8/18/2020 -

O racle Fin.Serv . 8/18/2020 V ideo Conference/A udio V isuals

Shriram Trans . 8/19/2020 -

Tata S teel 8/20/2020 -

Timken India 8/20/2020 -

A pollo Tyres 8/20/2020 -

Strides Pharma 8/20/2020 -

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AGM scheduled in August 2020

AGM in August 2020


AGM in August 2020



A gro Tech Foods . 8/20/2020 -

Bandhan Bank 8/21/2020 -

V oltas 8/21/2020 -

A s tra l Poly Tech 8/21/2020 -

Nav in Fluo.Intl. 8/21/2020 -

TTK Pres tige 8/21/2020 -

Inte llect Des ign 8/21/2020 -

Jindal S ta in. 8/21/2020 -

Jindal S ta in. Hi 8/21/2020 -

I O B 8/24/2020 -

Escorts 8/24/2020 -

Tata Motors 8/25/2020 -

Cummins India 8/25/2020 -

A arti Drugs 8/25/2020 -

Birla Corpn. 8/25/2020 -

Century Textiles 8/25/2020 -

Tata Motors -DV R 8/25/2020 -

Maruti Suz uki 8/26/2020 -

United Spirits 8/26/2020 -

United Brew eries 8/26/2020 -

3M India 8/26/2020 -

Can Fin Homes 8/26/2020 -

Birlasof t L td 8/26/2020 -

Sun Pharma.Inds . 8/27/2020 -

C ipla 8/27/2020 -

A urobindo Pharma 8/27/2020 -

Cadila Health. 8/27/2020 -


Bosch 8/27/2020 -

Embassy O f f .REIT 8/27/2020 -

Z ydus Wellness 8/27/2020 -

G MM Pfaudler 8/27/2020 -

Ratnamani Meta ls 8/27/2020 -

Marico 8/28/2020 -

Tata Comm 8/28/2020 -

Manappuram Fin. 8/28/2020 -

CRIS IL 8/28/2020 -

A kz o Nobel 8/28/2020 -

Rites 8/28/2020 -

Indian Energy Ex 8/28/2020 -

Baja j Electrica l 8/28/2020 -

JK Lakshmi Cem. 8/28/2020 -

NO CIL 8/28/2020 -

G reenlam Indus tr 8/28/2020 -

K irloskar O il 8/28/2020 -

Mahindra L ife . 8/28/2020 -

A vanti Feeds 8/29/2020 -

G uj. A mbuja Exp 8/29/2020 -

Unichem Labs . 8/29/2020 -

UPL 8/31/2020 -

A ditya Birla Cap 8/31/2020 -

Fortis Health. 8/31/2020 -

Multi Comm. Exc. 8/31/2020 -

Narayana Hrudaya 8/31/2020 -

Sterlite Tech. 8/31/2020 -

Radico K haitan 8/31/2020 -

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Announced dividend1


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Corporate actions announced in August 2020

Stock Split


Open offer


Offe r Star t O ffe r C lo s e O ffe r Pr ice Pro p o s e d Acq u is itio n Pro p o s e d Acq u is itio n

C o m p an y Date Date (|) (No . o f s h are s in cro re ) (% C ap ital)

Jay Ushin 7/31/2020 8/13/2020 589.9 0.1 26.0

J B Chem & Pharm 8/24/2020 9/4/2020 745.0 2.0 26.0

Face valu e b e fo re Face valu e afte r

C o m p an y Nam e Ratio s p lit s p lit Re co rd d ate

Eicher Motors 10:1 10.0 1.0 NA

Morganite Crucib 2:1 2.0 1.0 NA

Som Dis tilleries 2:1 2.0 1.0 NA

Laurus Labs 5:1 5.0 1.0 NA

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Major stakeholder’s activity seen in July 2020


Key Highlights

Franklin Templeton Mutual Fund purchased 1.5 lakh shares (0.3%) of Gulf Oil Lubricants

Achal Jatia (promoter) purchased 5.1 lakh shares (0.3%) of Westlife Development

Agnus Holdings Pvt Ltd purchased 18.7 lakh shares (0.8%) of Sequent Scientific

Vontobel Asset Management AG purchased 5.2 lakh shares (0.5%) of Mahanagar Gas

SBI Mutual Fund sold 33.1 lakh shares (0.7%) of Emami

Jwalamukhi Investment Holdings sold 8.9 lakh shares (2.2%) of Ceat

Pabrai Investment Fund sold 19.0 lakh shares (2.3%) of Kaveri Seed Company

Arisaig India Fund sold 384 lakh shares (2.0%) of Future Consumer


C o m p an y No o f s h are s Bo u g h t/So ld T o tal Eq u ity Ne t ch an g e % o f to tal

(In lak h s ) (In lak h s ) (%)

G ulf O il Lubric. 1.5 501.3 0.3

Westlife Develop 5.1 1556.7 0.3

Sequent Scien. 18.7 2483.7 0.8

Mahanagar G as 5.2 987.8 0.5

Emami -33.1 4445.1 -0.7

CEA T -8.9 404.5 -2.2

K averi Seed Co. -19.0 603.3 -2.3

Future Consumer -384.0 19211.1 -2.0

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On a month on month (MoM) basis, raising money (in terms of number of companies) through preferential allotment gained momentum in

July 2020. Ten companies raised capital through the preferential allotment route in July 2020 compared to two companies in June 2020.

Escorts, Tata Power, Sagar Cements, Yes Bank and PI Industries raised capital through preferential allotment in July 2020. Overall, preferential

allotment has declined as a funding route over CY17-19. For full year CY18, 223 companies had raised capital through preferential allotment

compared to 243 companies in CY17 and 142 companies for CY19. For YTD CY20 (up to July), 63 companies have raised capital through

preferential allotment.



C o m p an y No .o f Eq . Sh are s Face V alu e Is s u e Pr ice Is s u e d T o Is s u e d C ate g o ry Date o f allo tm e n t

(in cro re ) (|) (|)

Escorts 1.23 10 850 NA Private Placement Bas is 7/16/2020

Tata Pow er Co. 49.06 1 53 Tata Sons Pvt L td Promoter 7/2/2020

Sagar Cements 0.12 10 730 NA Promoter group 7/20/2020

P I Indus tries 1.36 1 1470 NA Q IBs 7/9/2020

V is ta Pharma. 0.11 2 14 NA NA 7/7/2020

Spice Is lands A p 1.51 10 524 NA Q ualif ied Ins titutions Placements 7/28/2020

Y es Bank 1250.44 2 0 NA NA 7/23/2020

Enkei Wheels 0.09 5 410 Enkei Corporation, Japan Promoter 7/30/2020

Health.G lobal 2.95 10 130 NA NA 7/28/2020

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Historical trend of rights and bonus issues

Number of rights issues- CNX 500 Number of bonus issues- CNX 500

Key Highlights

Of the CNX 500 companies, three used the rights issue method to raise capital in CY19 compared to five in CY18

Total 16 companies had announced bonus issue in CY19 compared to 20 in CY17


6

8 8

5 5

7

5

2

7

5

3

7

0

2

4

6

8

10

CY

09

CY

10

CY

11

CY

12

CY

13

CY

14

CY

15

CY

16

CY

17

C

Y18

C

Y19

CY

20 (U

pto

July

2020)

Number of rights Issue (CNX 500 Companies)

8

28

1412 12

10

17 16

29

2016

1

0

5

10

15

20

25

30

35

CY

09

CY

10

CY

11

CY

12

CY

13

CY

14

CY

15

CY

16

CY

17

CY

18

CY

19

CY

20 (upto

July

2020)

Number of Bonus Issues

ICIC

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19

Historical trend of stock splits and dividend payouts

Number of stock splits- CNX 500 Average dividend payout ratio (%) for CNX 500

Key Highlights


Four companies had announced a stock split in CY19 compared to eight in CY18

20.4

25.227.1 28.1

29.231.1

32.5

0.0

5.0

10.0

15.0

20.0

25.0

30.0

35.0

FY13 FY14 FY15 FY16 FY17 FY18 FY19

Dividend Payout Ratio

11

39

18

7 6

12 1315

10 84 3

05

1015202530354045

CY

09

CY

10

CY

011

CY

12

CY

13

CY

14

CY

15

CY

16

CY

17

CY

18

CY

19

CY

20 (

Upto

July

2020)

Number of stock Split

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Pankaj Pandey Head – Research [email protected]

ICICI Direct Research Desk,

ICICI Securities Limited,

1st

Floor, Akruti Trade Centre,

Road no.7, MIDC

Andheri (East)

Mumbai – 400 093

[email protected]

ICIC

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