Dividend Yield: 3%

Gulf Oil Lubricants India's dividend yield ranks in the top 25% of Indian market payers, with a payout ratio of 57.4%, indicating earnings coverage. Despite this, its dividend history has been volatile and unreliable over the past decade. Recent developments include its addition to the S&P Global BMI Index and key management changes, which may influence future performance. The company's price-to-earnings ratio is favorable compared to industry peers, suggesting good relative value for investors.

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

• Our valuation report here indicates Gulf Oil Lubricants India may be undervalued.

Oil and Natural Gas

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

Overview: Oil and Natural Gas Corporation Limited, along with its subsidiaries, is involved in the exploration, development, and production of crude oil and natural gas both in India and internationally, with a market cap of ₹3.71 trillion.

Operations: Oil and Natural Gas Corporation Limited generates revenue primarily from its operations in India, with ₹5.72 billion from refining and marketing, ₹441.92 million from onshore exploration and production, ₹953.81 million from offshore exploration and production, supplemented by international activities contributing ₹96.69 million.

Dividend Yield: 4.1%

Oil and Natural Gas Corporation's dividend yield is among the top 25% in India, supported by a low payout ratio of 31.3%, ensuring earnings and cash flow coverage. However, its dividends have been volatile over the past decade. Recent management changes might affect strategic direction, while ongoing investments in renewable energy projects highlight potential growth avenues. The company's price-to-earnings ratio remains attractive compared to the broader Indian market, suggesting potential value for investors seeking dividend income.

• Unlock comprehensive insights into our analysis of Oil and Natural Gas stock in this dividend report.

• The analysis detailed in our Oil and Natural Gas valuation report hints at an inflated share price compared to its estimated value.

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:BANKBARODA NSEI:GULFOILLUB and NSEI:ONGC.

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