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Dividend Yield: 7.8%

Indian Oil's dividend yield of 7.78% ranks it among the top 25% of Indian dividend payers. The company's dividends are covered by earnings (payout ratio: 39.6%) and cash flows (cash payout ratio: 56.8%). However, its high debt levels and volatile dividend history over the past decade raise concerns about sustainability. Recent leadership changes and a final dividend declaration of ₹7 per share for FY2023-24 highlight ongoing corporate adjustments amidst fluctuating earnings performance.

• Delve into the full analysis dividend report here for a deeper understanding of Indian Oil.

• Insights from our recent valuation report point to the potential undervaluation of Indian Oil shares in the market.

Uniparts India

Simply Wall St Dividend Rating: ★★★★☆☆

Overview: Uniparts India Limited, with a market cap of ₹21.14 billion, manufactures and sells engineering systems, solutions, and assemblies primarily for off-highway vehicles across India, the United States, the Asia Pacific, Europe, Japan, and internationally.

Operations: Uniparts India Limited generates revenue primarily from the sale of linkage parts and components for off-highway vehicles, amounting to ₹11.04 billion.

Dividend Yield: 4.4%

Uniparts India recently approved two interim dividends totaling ₹14 per share, reflecting a commitment to returning value to shareholders. Despite a payout ratio of 73.8% and cash payout ratio of 56.7%, which indicate dividends are covered by earnings and cash flows, the company's dividend history is unstable with volatility in payments over the past two years. Additionally, Uniparts trades at a favorable P/E ratio of 18.8x compared to the Indian market average of 34.1x.

• Unlock comprehensive insights into our analysis of Uniparts India stock in this dividend report.

• Our expertly prepared valuation report Uniparts India implies its share price may be lower than expected.

Summing It All Up

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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:BPCL NSEI:IOC and NSEI:UNIPARTS.

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