Yahoo Finance

Dividend Yield: 8.3%

Indian Oil Corporation's dividend yield of 8.31% places it in the top quartile of Indian dividend payers, backed by a manageable payout ratio of 39.6%. While dividends have grown over the past decade, they remain volatile. The company's P/E ratio at 7.5x suggests it trades at a good value compared to the market average. A recent joint venture in biofuels aligns with its low-carbon strategy but earnings are forecasted to decline, posing potential risks to future dividends.

• Dive into the specifics of Indian Oil here with our thorough dividend report.

• According our valuation report, there's an indication that Indian Oil's share price might be on the cheaper side.

Uniparts India

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

Overview: Uniparts India Limited, along with its subsidiaries, specializes in manufacturing and selling engineering systems, solutions, and assemblies mainly for off-highway vehicles across India and various international markets including the United States, Asia Pacific, Europe, and Japan; it has a market cap of ₹20.54 billion.

Operations: Uniparts India Limited generates revenue primarily from its Linkage Parts and Components for Off-Highway Vehicles segment, amounting to ₹11.04 billion.

Dividend Yield: 4.5%

Uniparts India's dividend yield of 4.52% ranks it among the top 25% of Indian dividend payers, supported by a payout ratio of 73.8%, indicating dividends are covered by earnings and cash flows. Despite trading at a favorable P/E ratio of 18.3x compared to the market, its dividend history is less stable with recent volatility in payments. The company approved two interim dividends totaling INR 14 per share in September, reflecting ongoing shareholder returns amidst fluctuating earnings performance.

• Click to explore a detailed breakdown of our findings in Uniparts India's dividend report.

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

Make It Happen

• Reveal the 19 hidden gems among our Top Indian Dividend Stocks screener with a single click here.

• Already own these companies? Link your portfolio to Simply Wall St and get alerts on any new warning signs to your stocks.

• Maximize your investment potential with Simply Wall St, the comprehensive app that offers global market insights for free.

Ready For A Different Approach?

• Explore high-performing small cap companies that haven't yet garnered significant analyst attention.

• Fuel your portfolio with companies showing strong growth potential, backed by optimistic outlooks both from analysts and management.

• Find companies with promising cash flow potential yet trading below their fair value.

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.

Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team@simplywallst.com