Top High-Yield Stocks Offering Steady Income and Value Opportunities This Quarter
Investors often turn to dividend stocks as a reliable source of income, particularly during times of market volatility. Dividend-paying companies typically signal stability and profitability, making them attractive to those seeking both returns and relatively lower risk. This quarter, a mix of well-established and emerging companies in various sectors show promise as dividend performers. Here’s an in-depth analysis of some top dividend stocks that investors might want to keep on their radar.
1. Taparia Tools
Current Market Price (CMP): ₹8.35
P/E Ratio: 0.11
Market Cap: ₹12.67 Cr.
Dividend Yield: 479.04%
Net Profit (Qtr): ₹30.07 Cr.
Quarterly Profit Variation: 58.35%
Quarterly Sales: ₹211.18 Cr.
Return on Capital Employed (ROCE): 43.95%
Payout Ratio: 60.86%
Taparia Tools stands out with its impressive dividend yield of 479.04%, positioning itself as a compelling option for income-focused investors. With a low P/E ratio of 0.11, the stock might appeal to value investors seeking attractive valuations. A high ROCE of 43.95% further signals efficient use of capital, enhancing its appeal. Additionally, a 58.35% quarterly profit variation and a payout ratio of 60.86% underscore Taparia’s commitment to shareholder returns.
2. Jagran Prakashan
CMP: ₹87.16
P/E Ratio: 11.68
Market Cap: ₹1897.13 Cr.
Dividend Yield: 5.76%
Net Profit (Qtr): ₹41.03 Cr.
Quarterly Profit Variation: -6.54%
Quarterly Sales: ₹444.12 Cr.
ROCE: 9.13%
Payout Ratio: 59.23%
Jagran Prakashan, a prominent media company, provides a steady dividend yield of 5.76%. Despite a slight dip in quarterly profit, the stock’s 59.23% payout ratio signals a strong commitment to delivering value to shareholders. While the ROCE of 9.13% appears moderate compared to other contenders, the relatively low P/E ratio of 11.68 suggests reasonable valuations. With the media industry rebounding, Jagran Prakashan could be an attractive dividend option in the long run.
3. Coal India
CMP: ₹445.25
P/E Ratio: 7.65
Market Cap: ₹274395.49 Cr.
Dividend Yield: 5.71%
Net Profit (Qtr): ₹6274.80 Cr.
Quarterly Profit Variation: -22.04%
Quarterly Sales: ₹30672.88 Cr.
ROCE: 63.59%
Payout Ratio: 42.02%
Coal India, the state-owned coal mining giant, remains a stable choice for dividend-seeking investors, boasting a dividend yield of 5.71%. With a massive market cap and robust ROCE of 63.59%, Coal India reflects strong operational efficiency. Though it experienced a 22.04% dip in quarterly profits, the company’s steady performance in the energy sector continues to support a payout ratio of 42.02%, which aligns with its long-standing commitment to dividend distribution.
4. Abirami Financial Services
CMP: ₹50.45
P/E Ratio: 18.16
Market Cap: ₹27.24 Cr.
Dividend Yield: 4.96%
Net Profit (Qtr): ₹0.22 Cr.
Quarterly Profit Variation: 29.41%
ROCE: 5.12%
Payout Ratio: 93.10%
Abirami Financial Services, with a dividend yield of 4.96%, appeals to those interested in the financial sector. The firm’s payout ratio of 93.10% indicates a significant proportion of profits directed toward dividends, suggesting that it prioritizes shareholder returns. Although the company’s ROCE stands at a modest 5.12%, the high payout ratio could compensate for those seeking consistent dividend income.
5. VST Industries
CMP: ₹315.00
P/E Ratio: 22.03
Market Cap: ₹5350.64 Cr.
Dividend Yield: 4.33%
Net Profit (Qtr): ₹47.56 Cr.
Quarterly Profit Variation: -37.38%
Quarterly Sales: ₹360.03 Cr.
ROCE: 32.24%
Payout Ratio: 76.80%
VST Industries, with a dividend yield of 4.33%, has maintained its status as a preferred stock among income-seeking investors. The ROCE of 32.24% showcases the company’s ability to generate returns efficiently. While quarterly profits saw a 37.38% dip, the 76.80% payout ratio indicates that a large portion of its profits still goes to shareholders. VST Industries offers a balance of moderate yield and consistent payouts, especially appealing within the FMCG sector.
6. Standard Industries
CMP: ₹24.83
P/E Ratio: 125.78
Market Cap: ₹159.71 Cr.
Dividend Yield: 4.23%
Net Profit (Qtr): -₹1.38 Cr.
Quarterly Profit Variation: 50.36%
Quarterly Sales: ₹6.84 Cr.
ROCE: -22.01%
Payout Ratio: -5195.08%
Standard Industries, despite a high P/E ratio and negative ROCE, offers a dividend yield of 4.23%. Although it reported a loss this quarter, it managed to maintain its dividend payments, possibly due to a focus on maintaining shareholder confidence. Standard Industries might appeal to high-risk investors seeking dividend income with a tolerance for financial volatility.
7. Ujjivan Small Finance Bank
CMP: ₹36.51
P/E Ratio: 6.11
Market Cap: ₹7062.71 Cr.
Dividend Yield: 4.11%
Net Profit (Qtr): ₹233.03 Cr.
Quarterly Profit Variation: -28.90%
Quarterly Sales: ₹1612.79 Cr.
ROCE: 11.09%
Payout Ratio: 6.07%
Ujjivan Small Finance Bank provides a dividend yield of 4.11%, reflecting a consistent income stream for investors. The bank’s quarterly profit experienced a 28.90% decline; however, its low payout ratio of 6.07% indicates room for potential dividend growth in the future. Ujjivan’s low P/E ratio of 6.11 suggests an undervalued position, which may attract value investors.
8. Ruchira Papers
CMP: ₹122.40
P/E Ratio: 8.65
Market Cap: ₹365.30 Cr.
Dividend Yield: 4.08%
Net Profit (Qtr): ₹14.78 Cr.
Quarterly Profit Variation: -32.08%
Quarterly Sales: ₹164.23 Cr.
ROCE: 15.80%
Payout Ratio: 30.34%
Ruchira Papers, with a dividend yield of 4.08%, remains an interesting option in the paper industry. While quarterly profit saw a decrease, the company’s ROCE of 15.80% indicates operational efficiency. The payout ratio of 30.34% leaves room for reinvestment and potential future growth. Investors seeking moderate dividends within the paper sector may find Ruchira appealing.
9. Mawana Sugars
CMP: ₹100.40
P/E Ratio: 8.06
Market Cap: ₹392.79 Cr.
Dividend Yield: 3.99%
Net Profit (Qtr): -₹4.57 Cr.
Quarterly Profit Variation: 70.74%
Quarterly Sales: ₹386.69 Cr.
ROCE: 6.84%
Payout Ratio: 41.56%
Mawana Sugars offers a dividend yield of 3.99%, making it a notable choice in the sugar industry. Although the company reported a net loss this quarter, it has managed to maintain a relatively stable dividend payout ratio of 41.56%. Mawana’s low P/E ratio and high payout may attract investors looking for income in the cyclical sugar sector.
10. Saven Technologies
CMP: ₹51.45
P/E Ratio: 21.29
Market Cap: ₹56.00 Cr.
Dividend Yield: 3.89%
Net Profit (Qtr): ₹0.68 Cr.
Quarterly Profit Variation: 23.64%
Quarterly Sales: ₹3.30 Cr.
ROCE: 16.48%
Payout Ratio: 87.55%
Saven Technologies, a small-cap IT company, provides a dividend yield of 3.89%, appealing to investors within the tech sector. With a payout ratio of 87.55%, the company demonstrates a strong commitment to distributing profits. The ROCE of 16.48% further indicates the effective use of capital, making it a potentially attractive option for income-seeking investors within technology.
Conclusion:
Dividend stocks offer a steady income stream and often appeal to investors seeking stability. This quarter, diverse sectors, including finance, technology, FMCG, and energy, present dividend-paying opportunities with varying risk-reward profiles. These insights highlight companies offering high yields, reasonable valuations, and strong payout ratios, potentially positioning them as key contenders for dividend-focused portfolios this quarter.
