High Dividend Yield Auto Parts Stocks under Rs 1000

The table below shows the high dividend yield auto parts stocks under Rs 1000 based on the Highest Market Capitalization.

What Are The High Dividend Yield Auto Parts Stocks under Rs 1000?

High dividend yield auto parts stocks under ₹1,000 refer to shares of companies in the automotive parts manufacturing sector that offer substantial dividend payouts relative to their share price. These stocks are attractive to investors seeking regular income through dividends while investing in the auto parts industry, which is crucial to the automotive supply chain. 

Features Of High Dividend Yield Auto Parts Stocks under ₹1000

The feature of high dividend yield auto parts stocks under ₹1000 is their ability to offer consistent dividend income while being affordably priced.

1. Moderate Pricing: Priced under ₹1000, these auto parts stocks are accessible to a wide range of investors, allowing participation in the automotive sector without a significant capital outlay.
2. Consistent Dividend Yields: These stocks typically offer high dividend yields, providing a steady income stream, which is particularly valuable for income-focused investors.
3. Stable Demand: The ongoing demand for automotive parts, driven by both the manufacturing of new vehicles and the maintenance of existing ones, supports the stability of these companies, enabling regular dividend payouts.
4. Growth Potential: With advancements in automotive technology, including electric vehicles and automation, these stocks often have growth potential, offering opportunities for capital appreciation alongside dividends.
5. Diversified Product Lines: Many auto parts companies produce a wide range of components for different types of vehicles, reducing risk and ensuring steady cash flows, which support their ability to pay consistent dividends.

Best High Dividend Yield Auto Parts Stocks under Rs 1000

The table below shows the best high dividend yield auto parts stocks under Rs 1000 based on the highest day Volume.

Top High Dividend Yield Auto Parts Stocks under Rs 1000 in India

The table below shows the top high dividend yield auto parts stocks under Rs 1000 in India based on 1 Year Return. 

Factors To Consider When Investing In High Dividend Yield Auto Parts Stocks under Rs 1000

The main factors to consider when investing in high dividend yield auto parts stocks under ₹1000 include evaluating the company’s financial stability, market position, and the sustainability of its dividend payments.

1. Dividend History: Analyze the company’s past performance in paying dividends to assess reliability and stability in returns.
2. Financial Strength: Review financial metrics such as cash flow, debt levels, and profit margins to ensure the company can support and potentially increase dividends.
3. Market Demand: Consider the demand for auto parts, which is influenced by automotive industry trends, including vehicle production rates and consumer preferences.
4. Competitive Position: Evaluate the company’s position within the auto parts industry to understand its market share and competitive advantages.
5. Economic Sensitivity: Be aware of how economic cycles and fluctuations in the automotive sector can affect company earnings and dividend payouts.

How To Invest In High Dividend Yield Auto Parts Stocks under ₹1000?

To invest in high dividend yield auto parts stocks under ₹1000, start by researching companies with a solid dividend record and strong financials in this price range. Open a trading account with a reputable broker like alice blue, complete the KYC process, and use the broker’s platform to purchase shares of the selected auto parts stocks.

Advantages Of Investing In High Dividend Yield Auto Parts Stocks under Rs 1000

The primary advantage of investing in high dividend yield auto parts stocks under ₹1000 is the potential for consistent income through dividends while gaining exposure to the automotive sector.

1. Affordable Investment: Stocks under ₹1000 provide a low-cost entry point for investors, making it easier to build a diversified portfolio.
2. Steady Income: High dividend yield stocks offer a regular income stream, which is attractive for those seeking predictable returns.
3. Sector Growth: The auto parts industry benefits from ongoing vehicle demand and technological advancements, providing growth opportunities alongside dividends.
4. Economic Resilience: Established auto parts companies often have stable earnings, which can help maintain consistent dividend payments even during economic fluctuations.
5. Diversification: Investing in auto parts stocks adds diversification to a portfolio, reducing risk by spreading investments across different sectors.

Risks Of Investing In High Dividend Yield Auto Parts Stocks under ₹1000

The main risk of investing in high dividend yield auto parts stocks under ₹1000 is the potential for dividend cuts due to economic downturns or shifts in the automotive industry.

1. Economic Sensitivity: The auto parts industry is sensitive to economic cycles, which can affect vehicle production and, consequently, company earnings and dividends.
2. Raw Material Costs: Fluctuations in the cost of raw materials used in auto parts production can impact profit margins and dividend sustainability.
3. Market Competition: Intense competition within the auto parts sector can pressure profit margins and make it challenging for companies to maintain high dividends.
4. Automotive Trends: Changes in automotive technology and consumer preferences can impact the demand for certain auto parts, affecting company profitability.
5. Regulatory Risks: New regulations or changes in environmental policies could increase operational costs for auto parts manufacturers, potentially impacting dividend payouts.

Introduction to High Dividend Yield Auto Parts Stocks under Rs 1000

CIE Automotive India Ltd

The Market Cap of CIE Automotive India Ltd is Rs. 21,813.34 crore. The stock’s monthly return is -4.02%. Its one-year return is 13.10%. The stock is 13.37% away from its 52-week high.

CIE Automotive India Limited, previously known as Mahindra CIE Automotive Limited, is an Indian company that supplies automotive components across various technologies such as forgings, castings, stampings, magnetic products, gears, and composites. 

The company is primarily dedicated to serving the automotive sector, with a focus on cars, utility vehicles, commercial vehicles, and tractors. Its range of products includes crankshafts, stub axles, forged and machined parts, components, assemblies, turbocharger housings, axle/transmission parts, and aluminium castings.  

Gabriel India Ltd

The Market Cap of Gabriel India Ltd is Rs 7141.98 crore. The stock’s monthly return is 0.65%. Its one-year return is 129.28%. The stock is 11.02% away from its 52-week high.

Gabriel India Limited is an auto component company based in India, specializing in manufacturing ride control components like shock absorbers, struts, and front forks. 

The company is involved in trading auto components and operates across various sectors, including two- and three-wheelers, passenger cars, commercial vehicles, railways, and aftermarkets. Its product range includes canister shock absorbers, telescopic front forks, inverted front forks, mono shox, rear shock absorbers, strut assemblies, FSD suspensions, drive shafts, suspension parts, and coolants among others.

Jamna Auto Industries Ltd

The market capitalization of Jamna Auto Industries Ltd is Rs. 5574.09 crores. The stock’s monthly return is 9.24%. Its one-year return is 17.69%. The stock is 14.46% away from its 52-week high.

Jamna Auto Industries Limited, an India-based company, specializes in producing a variety of parts and accessories for motor vehicles. The company focuses on manufacturing automotive suspension components such as parabolic and tapered leaf springs, lift axles, air suspension systems, stabilizer bars, and bushes. 

It operates manufacturing facilities in Malanpur, Chennai, Yamuna Nagar, Jamshedpur, Hosur, Pillaipakkam, and Pune. Its product range includes Conventional Leaf Springs, Parabolic Leaf Springs, Z-Springs, Stabilizer Bars, Trailer Mechanical and Air Suspensions with Lift axles, and Trailer Mechanical Suspensions.  

Shanthi Gears Ltd

The Market Cap of Shanthi Gears Ltd is Rs 4763.67 crore. The stock’s monthly return is 0.62%. Its one-year return is 31.31%. The stock is 18.93% away from its 52-week high.

Shanthi Gears Limited is a company that specializes in providing industrial gearing solutions. The company designs and manufactures gears, gearboxes, geared motors, and gear assemblies using its advanced manufacturing facilities. 

It offers a wide range of products and services, including gear solutions for various applications and specialized gear reconditioning services.  The company’s product line includes helical gearboxes, bevel helical gearboxes, worm gearboxes, geared motors, extruder gearboxes, cooling tower gearboxes, gears & pinions, and special gearboxes for different sectors.  

Lumax AutoTechnologies Ltd

The Market Cap of Lumax AutoTechnologies Ltd is Rs. 3782.07 crore. The stock’s monthly return is -4.11%. Its one-year return is 23.33%. The stock is 16.83% away from its 52-week high.

Lumax Auto Technologies Limited is an auto component manufacturer based in India that produces a variety of products for the automotive industry. 

The company initially focused on manufacturing lighting for two-wheelers and has since expanded to serve original equipment manufacturers (OEMs) across various vehicle segments, including passenger vehicles, two-wheelers, three-wheelers, commercial vehicles, and off-road vehicles. In addition to lighting products, Lumax also manufactures intake systems, integrated plastic modules, and electronic components for vehicles ranging from two-wheelers to four-wheelers. 

Federal-Mogul Goetze (India) Ltd

The Market Cap of Federal-Mogul Goetze (India) Ltd is Rs. 2408.87 crore. The stock’s monthly return is 0.89%. Its one-year return is 17.54%. The stock is 10.41% away from its 52-week high.

Federal-Mogul Goetze (India) Limited, an India-based company, specializes in the manufacturing, supplying, and distribution of automotive components for two/three/four-wheeler vehicles. 

The company’s main focus is on producing and trading auto components such as piston rings, pistons, cylinder liners, and sintered metal products. They offer a variety of piston rings for various vehicles including motorcycles, tractors, passenger cars, SUVs, commercial vehicles, locomotives, stationary engines, and industrial equipment. Additionally, they provide light metal castings like cylinder blocks, cylinder heads for single-cyclin 

Wheels India Ltd

The market cap of Wheels India Ltd is Rs. 2021.22 crore. The stock’s monthly return is -4.04%. Its one-year return is 18.33%. The stock is 10.59% away from its 52-week high.

Wheels India Limited specializes in the production of steel, aluminium, and wire wheels. The company is divided into two main segments: Automotive Components and Industrial Components. 

The Industrial Components division focuses on manufacturing components and structures for various sectors such as wind energy, railways, and thermal power plants. The product range includes a variety of items such as wheels, vehicle chassis, suspension components, fabricated and precision products, wind energy products, railway components, and hydraulic cylinders.   

Precision Camshafts Ltd

The Market Cap of Precision Camshafts Ltd is Rs. 1859.73 crore. The stock’s monthly return is -0.13%. Its one-year return is -28.10%. The stock is 75.99% away from its 52-week high.

Precision Camshafts Limited is an Indian company specializing in the production and sale of camshaft castings and machined camshafts for the automotive and railway industries. 

The company operates in both domestic and international markets, offering a wide range of products such as camshafts, balancer shafts, injector components, and other specialized automotive and non-automotive parts tailored to meet the needs of original equipment manufacturers worldwide. 

India Nippon Electricals Ltd

The market capitalization of India Nippon Electricals Ltd is Rs 1820.23 crores. The stock’s monthly return is -1.32%. Its one-year return is 59.03%. The stock is 12.07% away from its 52-week high.

India Nippon Electricals Limited (INEL) is an Indian company that manufactures electronic ignition systems for the automotive industry. INEL’s focus is on producing electronic products for two/three wheelers and engines. 

The company operates manufacturing facilities in Tamil Nadu, Puducherry, and Haryana. INEL has created an electronic control unit (ECU) for electronic fuel injection (EFI) systems and also offers mechatronic products such as sensors and controllers. The company’s range of products includes Flywheel Magneto, Engine Control Unit, Ignition Coil, Regulator Rectifier, Converter, Governor Control Unit, Immobilizer, and Body Control Module. 

Hi-Tech Gears Ltd

The Market Cap of Hi-Tech Gears Ltd is Rs. 1809.52 crore. The stock’s monthly return is -7.51%. Its one-year return is 136.03%. The stock is 37.79% away from its 52-week high.

Hi-Tech Gears Limited, an India-based company, is involved in manufacturing, selling, exporting, and dealing with automotive components, primarily gears and transmission parts. The company operates in geographical segments including America, India, and Other regions. 

Its product offerings consist of transmission and engine components, driveline parts, and engine design services, as well as advanced technology solutions in robotics, artificial intelligence, vision, and embedded systems. The company provides a range of components such as forged lug gears, spur and helical gears, special ratchets, kick spindles, and crankshafts. 

Top High Dividend Yield Auto Parts Stocks under Rs 1000 – FAQs

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Disclaimer: The above article is written for educational purposes, and the companies’ data mentioned in the article may change with respect to time. The securities quoted are exemplary and are not recommendatory.