Yahoo Finance D B And 2 Other Leading Dividend Stocks In India
The Indian market has shown robust performance recently, with a significant climb of 45% and gains of 1.9%, alongside earnings forecasted to grow by 16% annually. In this context, selecting dividend stocks that offer potential for steady income and growth aligns well with the current upward trajectory of the market.
Top 10 Dividend Stocks In India
Name | Dividend Yield | Dividend Rating |
Balmer Lawrie Investments (BSE:532485) | 4.12% | ★★★★★★ |
Bhansali Engineering Polymers (BSE:500052) | 2.83% | ★★★★★★ |
D. B (NSEI:DBCORP) | 3.65% | ★★★★★☆ |
ITC (NSEI:ITC) | 3.20% | ★★★★★☆ |
Castrol India (BSE:500870) | 2.99% | ★★★★★☆ |
HCL Technologies (NSEI:HCLTECH) | 3.41% | ★★★★★☆ |
Indian Oil (NSEI:IOC) | 8.23% | ★★★★★☆ |
VST Industries (BSE:509966) | 3.72% | ★★★★★☆ |
Redington (NSEI:REDINGTON) | 3.27% | ★★★★★☆ |
PTC India (NSEI:PTC) | 3.67% | ★★★★★☆ |
Click here to see the full list of 18 stocks from our Top Dividend Stocks screener.
Let's review some notable picks from our screened stocks.
D. B
Simply Wall St Dividend Rating: ★★★★★☆
Overview: D. B. Corp Limited operates in newspaper printing and publishing, radio broadcasting, and digital news platforms, along with event management services both domestically and internationally, with a market capitalization of approximately ₹63.53 billion.
Operations: D. B. Corp Limited generates revenue primarily through its printing and publishing business, which contributed ₹22.43 billion, and its radio segment, which added ₹1.59 billion.
Dividend Yield: 3.6%
D. B. Corp Limited recently declared an INR 8 per share interim dividend, reflecting a payout ratio of 80% of the face value, with a record date set for June 3, 2024. Despite this recent increase, the company's dividend history over the past decade has been marked by volatility and inconsistency. Financially, D. B. Corp reported a significant earnings growth to INR 4,255.23 million for FY2023-24 from INR 1,690.85 million in the previous year and maintains a sustainable payout with earnings coverage at 54.4% and cash flows at 43.6%.
Get an in-depth perspective on D. B's performance by reading our dividend report here.
The valuation report we've compiled suggests that D. B's current price could be quite moderate.
Gulf Oil Lubricants India
Simply Wall St Dividend Rating: ★★★★★☆
Overview: Gulf Oil Lubricants India Limited is engaged in the manufacturing, marketing, and trading of lubricants for the automotive and industrial sectors in India, with a market capitalization of approximately ₹65.01 billion.
Operations: Gulf Oil Lubricants India generates revenue primarily through the sale of lubricants, amounting to ₹33.01 billion.
Dividend Yield: 3%
Gulf Oil Lubricants India has demonstrated a consistent increase in dividends over the past decade, although its dividend history shows some volatility. Recently, the company announced a dividend of INR 20 per share for FY2024. Financially, Gulf Oil reported robust earnings growth with net income rising to INR 3,079.61 million in FY2024 from INR 2,323.04 million the previous year. The payout ratio stands at 57.4%, indicating that dividends are well-covered by earnings despite a somewhat unstable dividend track record and high share price volatility recently.
Monte Carlo Fashions
Simply Wall St Dividend Rating: ★★★★☆☆
Overview: Monte Carlo Fashions Limited specializes in the production and sale of wool and cotton, cotton blended, knitted, and woven apparels both in India and internationally, with a market capitalization of ₹14.22 billion.
Operations: Monte Carlo Fashions Limited generates revenue primarily from the manufacturing and trading of textile garments, totaling ₹10.62 billion.
Dividend Yield: 2.9%
Monte Carlo Fashions offers a dividend yield of 3.22%, ranking in the top quartile among Indian stocks, supported by a price-to-earnings ratio of 21.5x, which is below the market average. Despite this attractiveness, its dividend history over nine years shows volatility and unreliability in payments. Dividend coverage appears sustainable with earnings covering 69.2% and cash flows at 88.8%. However, recent financial performance has weakened with a net loss reported in Q4 FY2024, contrasting sharply with previous profitability.
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This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.
Companies discussed in this article include NSEI:DBCORP NSEI:GULFOILLUB and NSEI:MONTECARLO.
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