Operations: Monte Carlo Fashions Limited's revenue is generated from the manufacture and sale of woolen, cotton, and blended fabric apparels across domestic and international markets.

Dividend Yield: 3.2%

Monte Carlo Fashions recently declared a final dividend of INR 20 per share for FY 2023-2024, despite a challenging financial year with net income falling to INR 599.4 million from INR 1,325.2 million the previous year and revenue decreasing to INR 10,894.1 million. With a payout ratio of 31.3%, dividends are supported by earnings but face pressures from declining profitability and volatile historical payments, reflecting potential risks in sustainability amid current financial strains.

• Click here to discover the nuances of Monte Carlo Fashions with our detailed analytical dividend report.

• Our comprehensive valuation report raises the possibility that Monte Carlo Fashions is priced higher than what may be justified by its financials.

MPS

Simply Wall St Dividend Rating: ★★★★☆☆

Overview: MPS Limited operates in content creation, production, and distribution services for various sectors globally, with a market capitalization of approximately ?28.17 billion.

Operations: MPS Limited generates its revenue primarily by providing content creation, production, and distribution services to publishers, learning companies, corporate institutions, libraries, and content aggregators across India, Europe, the United States, and other international markets.

Dividend Yield: 3.6%

MPS Limited has proposed a final dividend of INR 45 per share for FY 2023-24, with approval pending at the upcoming AGM. Despite a history of volatile dividends and challenges in covering payments through cash flows, earnings have grown by 14.4% annually over the past five years. The company's dividend yield stands at 3.62%, ranking well within India's top dividend payers, yet its high cash payout ratio of 91.7% raises concerns about sustainability amidst financial obligations.

• Click to explore a detailed breakdown of our findings in MPS' dividend report.

• The analysis detailed in our MPS valuation report hints at an inflated share price compared to its estimated value.

Summing It All Up

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This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.

Companies discussed in this article include NSEI:GNFC NSEI:MONTECARLO and NSEI:MPSLTD.

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