Escolar Documentos
Profissional Documentos
Cultura Documentos
Year 1 2 3 4 5 6
Particulars 2008-09 2009-10 2010-11 2011-12 2012-13 2013--
PAT Growth Rate 22% 22% 28% 34% 40% 4%
Dividend Payout Ratio 60% 57% 54% 51% 48% 48%
Equity Shares 258.10 258.10 258.10 258.10 258.10 258.10
PAT 1811.62 2216.044 2836.537 3800.959 5321.343 5534.19699
Dividend 1086.97 1263.15 1531.73 1938.49 2554.24 2656.41
Dividend Per Share 4.21 4.89 5.93 7.51 9.90 10.29
PV of Dividend 3.84 4.08 4.52 5.22 6.28 85.78
Share Price 109.72
Assumptions:
1. No further share issues after the 2008-09 rights issue
2. Market Return is taken to be the gain of the Mar '08 Sensex value over the
Apr '07 value
Month Godrej Share Price
TreasuryBill
Price 98.04
3 months due 100
Rate @ 3 months 0.02
Risk Free Rate 0.08
Market Return 0.13
Expected Stock Return 10%
13072.1
13872.37 -0.05 0.06 1.06
14544.46 0.01 0.05 1.05
14650.51 -0.01 0.01 1.01
15550.99 -0.01 0.06 1.06
15318.6 -0.04 -0.02 0.98
17291.1 0.05 0.12 1.12
19837.99 -0.14 0.14 1.14
19363.19 0.04 -0.02 0.98
20286.99 0.07 0.05 1.05
17648.71 -0.18 -0.14 0.86
17578.72 0.16 0.00 1.00
15644.44 -0.08 -0.12 0.88
Share Holders name No of shares held No of shares Allotted
Alpa 352 50
Ameena 280 40
Renu 215 30
Shilpi 60 8
Rights ratio 7