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Dividend Yield: 3.6%

PTC India has demonstrated a mixed track record in dividend reliability, with payments showing volatility over the past decade. Despite this, its recent dividend yield of 3.62% ranks in the top quartile of Indian dividend payers. The dividends are well-supported by both earnings and cash flow, with a payout ratio of 54% and a cash payout ratio of 9.4%, suggesting sustainability from operational cash flows. Recent corporate governance changes include Dr. Manoj Kumar Jhawar assuming interim CMD responsibilities following regulatory actions against Dr. Rajib Kumar Mishra, potentially impacting managerial stability.

• Click here to discover the nuances of PTC India with our detailed analytical dividend report.

• The valuation report we've compiled suggests that PTC India's current price could be quite moderate.

Swaraj Engines

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

Overview: Swaraj Engines Limited, based in India, specializes in manufacturing and selling diesel engines, diesel engine components, and spare parts for tractors, with a market capitalization of approximately ₹36.19 billion.

Operations: Swaraj Engines Limited generates revenue primarily through the sale of diesel engines, engine components, and tractor spare parts, totaling ₹14.37 billion.

Dividend Yield: 3.2%

Swaraj Engines reported a revenue increase to INR 4.22 billion for Q1 2024, up from INR 4.04 billion the previous year, with net income also rising to INR 431.9 million. Despite this growth, the company's dividend sustainability is questionable as dividends are not well covered by free cash flow, with a high cash payout ratio of 122%. Moreover, dividend payments have been inconsistent over the past decade, showing significant volatility and unreliable growth patterns. The company recently faced a minor regulatory penalty but expects no material financial impact from it.

• Click here and access our complete dividend analysis report to understand the dynamics of Swaraj Engines.

• The analysis detailed in our Swaraj Engines valuation report hints at an deflated share price compared to its estimated value.

Key Takeaways

• Take a closer look at our Top Indian Dividend Stocks list of 19 companies by clicking here.

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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:HCLTECH NSEI:PTC and NSEI:SWARAJENG.

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