Greatest Dividend Shares Beneath Rs 100: With the economic system being what it’s right this moment, the worth of currencies isn’t the identical because it was once. This makes getting your cash’s price for any buy or funding, that rather more tough. Happily, we’ve give you one thing inventive for the dividend investor in you.
Dividend shares are property that fulfill traders by usually rewarding them with dividends. However not each priceless asset must be costly or break the financial institution, particularly not if you happen to’re an investor. To make it attention-grabbing, we put collectively an inventory of the very best dividend shares beneath Rs 100.
Greatest Dividend Shares Beneath Rs 100
Herein this text on Greatest Dividend Shares Beneath Rs 100, we will check out the highest 5 corporations from numerous industries andl earn extra about their enterprise and financials. Lets get began.
Greatest Dividend Shares Beneath Rs 100 #1 – SAIL
Metal Authority Of India (SAIL) is without doubt one of the largest metal makers in India, beneath the Authorities Of India. The Maharatna firm has 5 built-in metal vegetation and three particular metal vegetation and 1 subsidiary. The corporate has a pan-India presence for its metal manufacturing in India.
Financials Of SAIL:
SAIL generates a considerable quantity of revenue for the Authorities Of India. It earned ₹1,04,448 crores in FY 23 and ₹1,03,477 crores within the earlier fiscal yr (FY 22). Income for 2023 had been ₹2,177 crores and FY22 noticed the corporate earn ₹12,243 crores in web earnings.
The corporate’s web earnings have fallen considerably yr on yr, regardless of sturdy gross sales from the corporate. That hasn’t modified the truth that SAIL has an excellent dividend yield of 10.4 p.c, making it the 2nd greatest mid-cap dividend inventory in India.
The inventory P/E of SAIL at 17.5 is barely increased than that of its business (13.4), displaying that the inventory worth is buying and selling at a worth increased than its business. The return ratios of SAIL are fairly low, at 3.64 (ROE) and 5.95 p.c (ROCE).
SAIL has a suitable D/E ratio of 0.56, properly throughout the splendid vary of 0-1. The Authorities Of India, the principle promoter of SAIL, owns 65 p.c of SAIL, down from 75 p.c in December 2020. Previously 5 years, SAIL has given a constructive however low return of 15.9 p.c.
Greatest Dividend Shares Beneath Rs 100 #2 – Indian Oil Company
Indian Oil Company is a Authorities Of India enterprise that’s concerned within the refining, transportation, and advertising of oil and gas merchandise. The corporate is without doubt one of the largest oil refining corporations in India. Apart from refining, additionally they market and distribute their oil merchandise via over 58,000 buyer touch-points and 34000 gas stations in India.
Financials Of IOCL
IOCL is a large-cap oil refining firm, with a market capitalization of ₹1,30,028. The corporate has one of many highest revenues of any listed firm in India. FY 23 noticed IOCL earn eye-watering ₹8,41,756 crores, an enormous soar from FY22’s ₹5,89,336 crores in revenues.
Nevertheless, working revenue margins fell to half of the earlier yr, which hit the online earnings of the corporate as properly. Consequently, FY 23’s web earnings had been ₹11,704 crores vs FY 22’s ₹25,727 crores.
IOCL has a excessive dividend yield of 9.2 p.c, placing it on the quantity 2 spot on our record of greatest dividend shares beneath Rs 100. Return ratios of IOCL appear low, with ROE at simply 7.17 p.c and ROCE at 8.15 p.c.
The corporate has a barely increased D/E ratio of 1.07, and its annual assertion reveals the corporate is paying high-interest funds. P/E of IOCL (13) is on par with its business(13.6), with a marginal distinction. The federal government Of India owns 51.5 p.c of IOCL, with the remainder held by FIIs, DIIs, and the general public. IOCL has given a destructive return of (-21.3) p.c up to now 5 years.
Greatest Dividend Shares Beneath Rs 100 #3 – PTC India
PTC India is an influence buying and selling firm established in 1999 by the Authorities of India. The corporate supplies energy buying and selling, renewable power, and advisory companies. The corporate was created by the federal government to draw personal funding within the Indian energy sector and encourage commerce of energy with neighboring nations.
Financials Of PTC India
PTC India is a small-cap inventory, with a market cap of ₹3,162.26 crores. In FY 23, the corporate earned ₹15,971 crores in FY 23 and a web revenue of ₹507 crores. Gross sales and web earnings have fallen through the years, with a gross sales development fee of simply 4.5 p.c within the final 5 years.
The corporate remains to be worthwhile regardless of having a snail’s tempo by way of gross sales and revenue development. The corporate has a positively excessive dividend yield of seven.8 p.c.
The return ratios of the corporate are under double digits at 9.1 p.c for ROE and 9.8 p.c for ROCE. PTC India has a higher-than-usual D/E ratio of 1.3.
The inventory P/E is way decrease than its business P/E at 6.62, whereas its business P/E is kind of excessive at 38.7. Promoter holding of the corporate is 16.2 p.c, with no stake sale or buy in recent times. PTC India has given a constructive return of simply 18.9 p.c up to now 5 years.
Greatest Dividend Shares Beneath Rs 100 #4 – Nalco
Nalco, brief for Nationwide Aluminium Firm, is a authorities of India Navratna firm based mostly in Bhubaneswar, Odisha. The corporate manufactures low-cost aluminum, alumina and bauxite.
Financials Of Nalco
Nalco earned ₹14,255 crores within the monetary yr ending 2023, an working revenue of ₹2,338 crores and a web revenue of ₹1,435 crores. A rise in bills for enterprise operations has lowered the corporate’s working and web earnings, because the earlier yr’s gross sales (₹14,181 crores) had been fairly comparable, however the firm earned a better revenue of ₹2,952 crores.
Nalco has one of many highest dividend yields amongst dividend shares beneath Rs 100, at 7.79 p.c.
Nalco is a debt-free firm, and a serious a part of its bills are its operational actions. It has common return ratios of 12 p.c (ROE) and 15.2 p.c (ROCE). The P/E ratio of the inventory is 10.6, vs an business P/E of 24.6.
The Authorities Of India owns a 51.2 p.c stake in Nalco, making them the bulk shareholder of Nalco. The inventory has given a constructive and underwhelming return of 19.2 p.c up to now 5 years.
Greatest Dividend Shares Beneath Rs 100 #5 – CESC
The Calcutta Power Provide Company is an influence distribution and transmission firm, beneath the RP-Sanjiv Goenka group. The corporate distributes energy in Kolkata, Howrah, and different areas in West Bengal, Rajasthan, Maharashtra, and Noida.
Financials Of CESC
CESC earned ₹14,246 crores within the monetary yr of 2023, with a web revenue of ₹1,397 crores. The corporate’s gross sales have grown from the earlier yr (₹12,544 crores) however web earnings have roughly remained the identical. CESC has a excessive dividend yield of 6.53 p.c, putting it within the fifth place on our record.
The P/E of CESC is 6.8, which is considerably decrease than its business P/E of 24.7, displaying that the inventory is severely underpriced when in comparison with its business. Promoter holding of CESC is excessive at 52.1 p.c, up from 49.9 p.c in June 2021. Previously 5 years, CESC has shed (-32.7) p.c in share worth.
Checklist of Greatest Dividend Shares Beneath Rs 100
Dividend shares are most well-liked by traders who need the additional reward of proudly owning shares and receiving further revenue sometimes. It additionally mitigates the danger of share worth volatility that each firm experiences available in the market. Here’s a record of the very best dividend shares beneath ₹100:
In Closing
Dividend shares are interesting to traders particularly in the event that they value beneath Rs 100. However the share worth shouldn’t be the one trigger for investing in an organization. Keep in mind that dividends from an organization are solely nearly as good because the earnings of the corporate. That’s all for this text. Comfortable investing.
Written By – Karan N
By using the inventory screener, inventory heatmap, portfolio backtesting, and inventory evaluate software on the Commerce Brains portal, traders achieve entry to complete instruments that allow them to determine the very best shares additionally get up to date with inventory market information, and make well-informed funding selections.
Begin Your Inventory Market Journey In the present day!
Wish to study Inventory Market buying and selling and Investing? Be certain to take a look at unique Inventory Market programs by FinGrad, the training initiative by Commerce Brains. You may enroll in FREE programs and webinars accessible on FinGrad right this moment and get forward in your buying and selling profession. Be a part of now!!
