Tata Consultancy Services Ltd.

Mkt Cap (Rs Cr)

238,954.55

Face Value (Rs)

Particular
Mar '

Mar '

Year
Mar '

Mar '

Mar '

Net profit / loss

11
7569.99

10
5618.51

09
4696.21

08
4508.76

07
3757.29

(Cr)
EPS (Rs.)
Dividend per

38.68
14.00

28.71
20.00

47.99
14.00

46.07
14.00

38.39
11.50

share (Rs.)
Dividend payout

42.21

81.61

34.20

35.55

34.46

ratio (%)
Earning retention

57.73

19.37

70.74

62.47

64.34

ratio (%)

Dividendpayout ratio
100
80
60

)
(%
g
ta
n
rc
e
P

40
20
0
2006

2007

2008

2009

2010

2011

2012

Year
#Note: Tata Consultancy Services Ltd. has a dividend policy wherein it pays an
average dividend every year. Here, March10 is an exception.

Infosys Ltd.

Mkt Cap (Rs Cr)

164,186.75

Face Value (Rs)

Particular
Mar '

Mar '

Year
Mar '

Mar '

Mar '

Net profit / loss

11
6443.00

10
5803.00

09
5819.00

08
4470.00

07
3783.00

(Cr)
EPS (Rs.)
Dividend per

112.25
60.00

101.10
25.00

101.73
23.50

78.15
33.25

66.14
11.50

share (Rs.)
Dividend payout

62.28

28.84

27.03

49.77

19.85

ratio (%)
Earning retention

37.34

70.67

74.60

50.17

79.91

ratio (%)

Dividendpayout ratio
100
80
60

)
(%
g
ta
n
rc
e
P

40
20
0
2006

2007

2008

2009

2010

2011

2012

Year
#Note: Infosys Ltd. has a dividend policy wherein it adjusts its dividend in
accordance with its earnings. For example, If there is a significant increase in
earnings then there is an proportionate increase in dividend and vice-versa.

Wipro Ltd.
Mkt Cap (Rs Cr)

104,560.01

Face Value (Rs)

Particular
Mar '

Mar '

Year
Mar '

Net profit / loss

11
4843.70

10
4898.00

09
2973.80

08
3063.30

07
2842.10

(Cr)
EPS (Rs.)
Dividend per

19.73
4.00

33.37
6.00

20.30
4.00

20.96
6.00

19.48
6.00

share (Rs.)
Dividend payout

27.61

20.60

23.05

33.47

35.20

ratio (%)
Earning retention

72.76

77.36

82.53

66.53

64.80

Mar '

Mar '

ratio (%)

Dividendpayout ratio
100
80
60

)
(%
g
ta
n
rc
e
P

40
20
0
2006

2007

2008

2009

2010

2011

2012

Year
#Note: Wipro Ltd. has clinged to a dividend policy wherein it pays a constant
dividend of Rs. 6 unless there is a dip in profit with respect to previous year.

Larsen & Toubro Ltd.

Mkt Cap (Rs Cr)

79,266.95

Face Value (Rs)

Particular

Year

Mar '

Mar '

Mar '

Mar '

Mar '

Net profit / loss

11
3957.89

10
4375.52

09
3481.66

08
2173.42

07
1403.02

(Cr)
EPS (Rs.)
Dividend per

65.01
14.50

72.66
12.50

59.44
10.50

74.34
17.00

49.53
13.00

share (Rs.)
Dividend payout

25.15

19.72

20.58

26.29

30.04

ratio (%)
Earning retention

70.90

71.91

72.84

71.72

69.85

ratio (%)

Dividendpayout ratio
100
80
60

)
(%
g
ta
n
rc
e
P

40
20
0
2006

2007

2008

2009

2010

2011

2012

Year
#Note: Larsen & Toubro Ltd. has clinged to a dividend policy wherein it has
maintained an average dividend payout ratio of around 24% no matter what
earnings be.

HCL Technologies Ltd.

Mkt Cap (Rs Cr)

33,225.60

Face Value (Rs)

Particular

Year

Mar '

Mar '

Mar '

Mar '

Mar '

Net profit / loss

11
1198.28

10
1056.58

09
997.31

08
780.65

07
1101.82

(Cr)
EPS (Rs.)
Dividend per

17.40
7.50

15.57
4.00

14.88
7.00

11.72
9.00

16.60
8.00

share (Rs.)
Dividend payout

49.97

29.86

55.08

89.70

55.10

ratio (%)
Earning retention

52.78

71.14

48.40

26.48

10.51

ratio (%)

Dividendpayout ratio
100
80
60

)
(%
g
ta
n
rc
e
P

40
20
0
2006

2007

2008

2009

2010

2011

2012

Year
#Note: HCL Technologies Ltd. has a dividend policy wherein it maintains an
average dividend payout ratio of around 55% unless there any significant
change in earnings. If there is a significant increase in earnings than dividend
will be higher and vice-versa.

MphasiS Ltd.
Mkt Cap (Rs Cr)

8,271.64

Face Value (Rs)

10

Particular

Year

Mar '

Mar '

Mar '

Mar '

Mar '

Net profit / loss

11
782.01

10
996.88

09
836.87

08
264.51

07
220.77

(Cr)
EPS (Rs.)
Dividend per

37.23
6.50

47.49
4.00

39.93
3.50

12.66
2.00

10.58
3.30

share (Rs.)
Dividend payout

20.29

9.82

10.25

18.50

36.56

ratio (%)
Earning retention

77.95

89.45

89.27

80.19

65.04

ratio (%)

Dividendpayout ratio
100
80
60

)
(%
g
ta
n
rc
e
P

40
20
0
2006

2007

2008

2009

2010

2011

2012

Year
#Note: MphasiS Ltd. follows a dividend policy wherein it gradually increases its
dividend per share irrespective of the earnings.

Satyam Computer Services Ltd.

Mkt Cap (Rs Cr)

8,031.66

Face Value (Rs)

Particular
Mar '

Mar '

Year
Mar '

Mar '

Mar '

Net profit / loss

11
-127.60

10
-71.20

09
-

08
1715.74

07
1423.23

25.59
3.50

21.33
3.50

(Cr)
EPS (Rs.)
Dividend per

-1.08
-

-0.61
-

7935.20
-117.73
1.00

share (Rs.)
Dividend payout

16.01

18.92

ratio (%)
Earning retention

84.20

80.91

ratio (%)

Dividendpayout ratio
100
80
60

)
(%
g
ta
n
rc
e
P

40
20
0
2006

2007

2008

2009

2010

2011

2012

Year
#Note: Satyam Computer Services Ltd. is not paying dividends to its
shareholders because of restructuring it is going through due to a scandal it
went through.

Tech Mahindra Ltd.

Mkt Cap (Rs Cr)

7,581.57

Face Value (Rs)

10

Particular
Mar '

Mar '

Year
Mar '

Mar '

Mar '

11

10

09

08

07

Net profit / loss

696.72

742.85

986.65

325.70

65.30

(Cr)
EPS (Rs.)
Dividend per

55.31
4.00

60.73
3.50

81.05
4.00

26.83
5.50

5.39
2.30

share (Rs.)
Dividend payout

8.51

6.74

5.78

23.97

46.52

ratio (%)
Earning retention

90.25

92.81

94.59

88.50

94.95

ratio (%)

Dividendpayout ratio
100
80
60

)
(%
g
ta
n
rc
e
P

40
20
0
2006

2007

2008

2009

2010

2011

2012

Year
#Note: Tech Mahindra Ltd. has clinged to a policy where in it has maintained a
constant retention ratio of around 90% no matter what earnings be.

Patni Computer Systems Ltd.

Mkt Cap (Rs Cr)

7,048.39

Face Value (Rs)

Particular
Mar '

Mar '

Year
Mar '

Mar '

Mar '

11

10

09

08

07

Net profit / loss

499.78

655.05

542.73

389.15

387.52

(Cr)
EPS (Rs.)
Dividend per

37.16
63.00

49.85
3.00

42.02
3.00

30.38
3.00

27.88
3.00

share (Rs.)
Dividend payout

146.80

8.35

11.55

12.94

22.98

ratio (%)
Earning retention

-81.51

91.67

89.69

81.19

76.08

ratio (%)

Dividendpayout ratio
160
140
120
100
80

)
(%
g
ta
n
rc
e
P

60
40
20
0
2006

2007

2008

2009

2010

2011

2012

Year
#Note: Patni Computer Systems Ltd. has a policy wherein it pays a fixed
dividend of Rs. 3 per share. However there may be some exception like
March11 where it announced a special interim dividend of Rs. 63 per share.

CORE Education & Technologies Ltd.

Mkt Cap (Rs Cr)

3,175.88

Face Value (Rs)

Particular

Net profit / loss

Mar '

Mar '

Year
Mar '

11
0.05

10
123.70

09
111.84

Mar '

Mar '

08
70.95

07
44.28

(Cr)
EPS (Rs.)
Dividend per

0.42
0.60

11.33
0.60

11.34
0.60

8.22
0.20

5.34
1.00

share (Rs.)
Dividend payout

6.34

6.50

8.07

4.38

12.46

ratio (%)
Earning retention

92.97

93.53

93.09

96.34

89.45

ratio (%)

Dividendpayout ratio
100
80
60

)
(%
g
ta
n
rc
e
P

40
20
0
2006

2007

2008

2009

2010

2011

2012

Year
#Note : CORE Education & Technologies Ltd. has clinged to a dividend policy
wherein it maintains its retention ratio around an average of 93%.