With 70% of my investment in Pidilite Industries coming in the last 2 years, the title may seem a bit misleading. My investment is still very young and it does have a hangover from the COVID market crash and its recovery.
I continue to be lucky with Pidilite. It continues to be my most consistent performer. Like I said in my last year’s blog, even at its worst point my XIRR was 6% which is similar to fixed deposit returns.
Since last 6 months, my returns have now almost merged with Nifty 50 Index returns. I am hoping that in the future they will beat them.
Dividends, on the other hand, have been measly. My dividend yield at cost for FY 2022-23 was 0.37%.
Investment through the years
Returns
The dividend yield at cost mentioned in the chart above, is yield at the date at which I received the dividends. Another way to look at dividend yield is to calculate it for the fiscal year.
| Fiscal year | Dividend yield at cost |
| 2017-18 | 0.40% |
| 2018-19 | 0.68% |
| 2019-20 | 0.82% |
| 2020-21 | 0% |
| 2021-22 | 0.38% |
| 2022-23 | 0.37% |
| 2023-24 | 0% * |
To calculate the dividend yield at cost in the above table I use the below formula.
(Total amount of dividends received in a fiscal year ÷ Total amount invested at the end of fiscal year) × 100
Profit
XIRR
Related reading:
Note: I missed including some of my Pidilitie share purchases in previous articles. These are rectified in this post, so there will be differences between my previous analysis and this one.