Dividends are cash payments made by companies to their shareholders. Dividend yield is the percentage of a company’s share price paid out as dividends annually. Investors often seek out stocks with high and growing dividend yields as a source of income. Dividend yield are key metric used to evaluate potential stock investments.
1. Xchanging Solutions Limited
Xchanging Solutions Limited was based in Bengaluru, India, and is an IT services provider specializing in outsourcing and consulting for the insurance and financial sectors. A subsidiary of DXC Technology, it delivers innovative solutions that enhance operational efficiency and drive growth for clients globally.
Xchanging Solutions Limited is paid a dividend yield of 28.7 percent. The company ROE and ROCE should be 2.66 percent and 11.9 percent, respectively.
Xchanging Solutions Limited’s revenue from operations has shown a flat as compared to the previous year, which is to be Rs. 174 crore in both FY23 and FY24. The company’s net profit has decreased from Rs. 45 crore in FY23 to Rs. 14 crore in FY24, which is down by 68.89 percent.
With a market capitalization of Rs. 1,227 crores, Xchanging Solutions Limited’s share price closed at Rs. 110 per equity share.
2. Chennai Petroleum Corporation Limited
Chennai Petroleum Corporation Limited (CPCL) is a major Indian oil refining company based in Chennai. Established in 1965, it operates a refinery with a capacity of 10.5 MMTPA and is a subsidiary of Indian Oil Corporation. CPCL focuses on sustainability while producing essential petroleum products like LPG and diesel.
Chennai Petroleum Corporation Limited is paid a dividend yield of 8.31 percent. The company ROE and ROCE should be 36.5 percent and 35.4 percent, respectively.
India Tourism Development Corporation Limited’s revenue from operations has decreased by 13.43 percent from Rs. 76,271 crore in FY23 to Rs. 66,024 crore in FY24. The company’s net profit has decreased from Rs. 3,534 crore in FY23 to Rs. 2,711 crore in FY24, which is down by 23.29 percent.
With a market capitalization of Rs. 9,297 crores, Chennai Petroleum Corporation Limited’s share price closed at Rs. 624 per equity share.
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3. Nirlon Limited
Nirlon Limited is an Indian company focused on the development and management of industrial and information technology parks, notably the Nirlon Knowledge Park in Goregaon, Mumbai. Originally a manufacturer of synthetic yarns, it underwent bankruptcy restructuring from 1988 to 2006. Today, Nirlon emphasizes real estate development and leasing to corporate clients.
Nirlon Limited is paid a dividend yield of 6.21 percent. The company ROE and ROCE should be 53.1 percent and 27.7 percent, respectively.
Nirlon Limited’s revenue from operations has increased by 5.24 percent from Rs. 573 crore in FY23 to Rs. 603 crore in FY24. The company’s net profit has increased from Rs. 158 crore in FY23 to Rs. 206 crore in FY24, which has grown by 30.38 percent.
With a market capitalization of Rs. 3,785 crores, Nirlon Limited’s share price closed at Rs. 420 per equity share.
4. Jagran Prakashan Limited
Jagran Prakashan Limited is a prominent Indian media conglomerate, best known for publishing Dainik Jagran, the largest Hindi-language newspaper in India. Founded in 1942, the company operates across various media sectors, including print, digital, outdoor advertising, and event management. With a strong presence in multiple states, it produces over 300 editions and reaches approximately 84 million readers.
Jagran Prakashan Limited is paid a dividend yield of 5.67 percent. The company ROE and ROCE should be 7.66 percent and 9.13 percent, respectively.
Jagran Prakashan Limited’s revenue from operations has increased by 4.20 percent from Rs. 1,856 crore in FY23 to Rs. 1,934 crore in FY24. The company’s net profit has decreased from Rs. 197 crore in FY23 to Rs. 165 crore in FY24, which has down by 16.24 percent.
With a market capitalization of Rs. 1,874 crores, Jagran Prakashan Limited’s share price closed at Rs. 86.1 per equity share.
Written By – Nikhil Naik
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