Best Dividend Stocks Under Rs 1000: Dividends have often been associated with only those companies that are established, consistent, and often of the large-cap category.

In this article, we’re going to explore dividend stocks using a variegated filter – The Weightier Dividend stocks under Rs 1000.

Picking stocks under this price point allows us to explore the weightier dividend options from variegated sectors and sizes within their industry.

Here are the weightier dividend stocks under Rs 1000, ranging from variegated classes of market capitalizations and sectors wideness the Indian stock market. Keep reading to find out!

Best Dividend Stocks Under Rs 1000 #1 – UTI Windfall Management Company

UTI Windfall Management Company Ltd. (UTI AMC) is an Indian windfall management visitor engaged in the merchantry of raising funds for and rendering investment management services to schemes of UTI Mutual Fund.

The visitor has been in operation since 2003 and provides various services including probity funds, debt funds, liquid funds & overnight funds, hybrid funds, Exchange-traded funds, and solution-based funds.

It is moreover involved in other businesses like unorganized investment funds, offshore business, the National Pension Scheme (NPS), and Portfolio Management Services (PMS)

Financials Of UTI AMC:

UTI AMC is a small-cap visitor with a market capitalization of ₹10,425 crores. In FY 23, the visitor earned ₹1,092 crores in revenues and a net profit of ₹424 crores.

The visitor has fluctuated operating profit margins of 49-54% in the past 5 years. But the visitor has only been worldly-wise to grow its sales at a CAGR of 1% over the last five years. The visitor has a healthy dividend yield of 2.66%.

Return ratios are in an stereotype range, with ROE at 13% and ROCE at 17.3% respectively. The visitor is moreover debt free, which makes its D/E ratio value equal to 0.

The stock of UTI AMC is trading at a P/E of 24.6, whereas its industry is at 33.3. There have been no promoter holdings in the visitor over the past few years. UTI AMC has yielded a positive return of 63.15% in the past 5 years.

Best Dividend Stocks Under Rs 1000 #2 – Great Eastern Shipping Company

Great Eastern Shipping Visitor Limited (GE Shipping) is the largest private-sector shipping visitor in India. The visitor transports transplanted oil, petroleum products, dry zillion commodities, and gas.

It moreover offers offshore oilfield services, with its primary worriedness stuff the ownership and/or operation of offshore supply vessels and mobile offshore drilling rigs.

Financials Of Great Eastern Shipping:

Great Eastern Shipping Visitor is a small-cap stock, with a market capitalization of ₹ 10,945 Cr. The visitor earned its highest-ever revenues of ₹5,690 crores in FY23 and an all-time upper net profit of ₹2,575 crores. It has a positive and healthy dividend yield of 3.76%.

The return ratios of the visitor are moderately high, with ROE at 20.9% and ROCE at 26.8%. The visitor has low debt, with a D/E ratio of just 0.36. The stock is currently trading at a P/E of 4.45, whereas its industry P/E is much higher at 8.82, indicating that the stock is underpriced.

Promoter holding of the visitor is slightly low at 30.1%, and it has slightly over the years from 29.49% in September 2020. The visitor has given a positive performance of 156.60% in the past 5 years.

Best Dividend Stocks Under Rs 1000 #3 – Novartis India

Novartis India Limited is a subsidiary of Novartis AG, a leading global medicines company. The visitor has a diverse portfolio of both innovative and established medicines, which write various therapeutic needs, including eye care, cardiovascular, immunology, metabolic, oncology, neuroscience, respiratory, and organ transplant.

Financials Of Novartis India

Novartis India reported net earnings of ₹379 crores in FY23 and a net profit of ₹103 crores. The sales growth of the visitor has been weak, meaning the company’s earnings have declined over the past 5 years. The visitor has a dividend yield of 1.25%.

Novartis India is scrutinizingly debt self-ruling with a very low D/E ratio of 0.03. The stock P/E of 19.3 shows that it is trading at a level unelevated that of its industry P/E of 39.9. Promoter holding is at 70.7%, which has remained resulting for quite some time. Novartis India has given a slightly positive return of 23.82% in the past 5 years.

Best Dividend Stocks Under Rs 1000 #4 – Tata Chemicals

Part of the Tata Group, Tata Chemicals is a listed speciality and vital chemistry company, producing over 4,138 KT of soda ash and 236 KT of sodium bicarbonate capacities.

The visitor makes vinegar products that are used remoter superiority in the industrial supply uniting for detergents, pharmaceuticals, and glass.

Financials Of Tata Chemicals

Tata Chemicals is a midcap chemical visitor under the Tata Conglomerate. The visitor saw its weightier fiscal in recent years, earning ₹16,789 crores in revenues and ₹2,434 crores in net profits in FY 2023.

The sales growth of the visitor is positive, and so is the net profit growth. Tata Chemicals has a positive and healthy dividend yield of 1.77%.

The return ratios of the visitor are average, with ROE and ROCE both at 12.3%. It has a low D/E ratio of 0.32, well within the winning range. The Stock P/E of the visitor is quite low at just 10.7, whereas its industry P/E is 26.2.

Promoters of Tata Chemicals, Tata Sons, and Tata Investment Corporation, hold a 37.9 percent stake in the company. Tata Chemicals is one of the best-performing companies on our list, giving a 199% return in 5 years, scrutinizingly doubling investors’ wealth.

Best Dividend Stocks Under Rs 1000 #5 – DCM Shriram

DCM Shriram is a listed chemical company, providing agricultural products such as urea, sugar, and hybrid seeds to the agri-rural industry, and chemicals such as chlorine, caustic soda, PVC resins, and other compounds for various industrial applications.

Financials Of DCM Shriram

DCM Shriram is a small-cap company, with a market capitalization of ₹13,286 crores. The visitor reported a revenue of ₹12,080 crores in FY 23, with a net profit of ₹911 crores. The company’s revenues have grown moderately over the last 5 years. It has a good dividend yield of 1.55%

The return ratios of the visitor are whilom average, with ROE at 15.6% and ROCE at 19.6%. The visitor has a low and manageable debt-to-equity ratio of 0.28.

The P/E of the visitor is on par with its industry, indicating that the stock is trading at pearly levels with its industry. Promoters of DCM Shriram own a steady and resulting 66.5% stake in the company.

DCM Shriram has given a positive and overwhelming 220% return in the past 5 years.

List of Top Dividend Stocks Under Rs 1000

In Closing

In this article, we got to squint at some of the weightier dividend stocks under Rs 1000, while going through key financial metrics such as sales, net profit, and return ratios.

The primary filter, in this case, was the current price and dividend yield, and the resulting stocks took us through various industries and different-sized companies.

Written by Karan N

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