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Abstract

In April 2012, a chartered accountant and financial analyst for the manufacturing firm SRF Limited was asked by her chief financial officer to analyse the company's cash dividend and share repurchase policy and provide recommendations for the next 12 to 24 months. SRF Limited was a INR38 billion multi-business entity. Having completed its third round of share buyback at INR380 per share, SRF Limited paid an interim and consistent dividend of INR7 per share. The company had engaged in a series of share buybacks since 2006. In light of India's falling economic growth and pessimistic global economic outlook, the company needed to know if it would be able to maintain its growth. Should the company go ahead with another round of share buybacks and increasing dividends?
Location:
India
Industry:
Manufacturing
Size:
Large
Other setting(s):
2012
Thumbnail image for product with reference number 8B17N012
Dividend Policy at SRF Limited: Buyback of Shares
Teaching note
-
Reference no. 8B17N012
Subject category: Finance, Accounting and Control
Authors: Kulbir Singh (Institute of Management Technology - Nagpur (IMT)); David J Sharp (Ivey Business School, Western University); S R Vishwanath (School of Management and Entrepreneurship, Shiv Nadar University)
Published by: Ivey Publishing
Originally published in: 2017
Version: 2017-06-27
Length: 13 pages
Data source: Published sources
View full details

About

Abstract

In April 2012, a chartered accountant and financial analyst for the manufacturing firm SRF Limited was asked by her chief financial officer to analyse the company's cash dividend and share repurchase policy and provide recommendations for the next 12 to 24 months. SRF Limited was a INR38 billion multi-business entity. Having completed its third round of share buyback at INR380 per share, SRF Limited paid an interim and consistent dividend of INR7 per share. The company had engaged in a series of share buybacks since 2006. In light of India's falling economic growth and pessimistic global economic outlook, the company needed to know if it would be able to maintain its growth. Should the company go ahead with another round of share buybacks and increasing dividends?

Settings

Location:
India
Industry:
Manufacturing
Size:
Large
Other setting(s):
2012

Related

Thumbnail image for product with reference number 8B17N012
Dividend Policy at SRF Limited: Buyback of Shares
Teaching note
-
Reference no. 8B17N012
Subject category: Finance, Accounting and Control
Authors: Kulbir Singh (Institute of Management Technology - Nagpur (IMT)); David J Sharp (Ivey Business School, Western University); S R Vishwanath (School of Management and Entrepreneurship, Shiv Nadar University)
Published by: Ivey Publishing
Originally published in: 2017
Version: 2017-06-27
Length: 13 pages
Data source: Published sources
View full details