High Dividend Yield Industrial Machinery Stocks under Rs 500

The table below shows the high dividend yield industrial machinery stocks under Rs 500 based on the Highest Market Capitalization.

What Are The High Dividend Yield Industrial Machinery Stocks under Rs 500?

High dividend yield industrial machinery stocks under Rs 500 refer to companies in the industrial machinery sector with share prices below Rs 500 that offer substantial dividend payouts relative to their stock price. These stocks appeal to investors seeking regular income through dividends while investing in the essential industrial sector, which plays a critical role in manufacturing and infrastructure development.

Features Of High Dividend Yield Industrial Machinery Stocks Under 500

The feature of high dividend yield industrial machinery stocks under Rs 500 is their ability to combine steady dividend income with affordability, making them an attractive option.

1. Cost-Effective Investment: Priced under Rs 500, these stocks are accessible to a broader range of investors, including those with limited capital, offering a gateway into the industrial sector.
2. High Dividend Yields: These stocks typically offer attractive dividend yields, providing a consistent income stream for investors, which is especially valuable during times of market volatility.
3. Cyclic Stability: Industrial machinery companies often benefit from long-term contracts and steady demand across various industries, helping them maintain stable earnings and dividend payouts.
4. Growth Prospects: Despite their focus on dividends, these stocks often have growth potential, especially in emerging markets or sectors experiencing industrial expansion and modernization.
5. Diversified Revenue Streams: Many industrial machinery companies have diversified product lines and markets, reducing risk and enhancing their ability to sustain dividends across different economic cycles.

Best High Dividend Yield Industrial Machinery Stocks under Rs 500

The table below shows the best high dividend yield industrial machinery stocks under Rs 500 based on the highest day Volume.

Top High Dividend Yield Industrial Machinery Stocks under Rs 500 in India

The table below shows the top high dividend yield industrial machinery stocks under Rs 500 in India based on 1 Year Return. 

Factors To Consider When Investing In High Dividend Yield Industrial Machinery Stocks under ₹500

The factors to consider when investing in high dividend yield industrial machinery stocks under ₹500 include analyzing the dividend consistency of the company, which reflects its commitment to returning value to shareholders through regular payouts.

1. Earnings Stability: Evaluate the company’s financial stability by examining its earnings history. Stable earnings indicate the company’s ability to maintain consistent dividend payments, which is crucial for long-term investments.
2. Industry Cyclicality: Industrial machinery is often cyclical. Understanding the business cycle and how it impacts the company’s revenues and profits is vital for assessing the sustainability of its dividend yield.
3. Debt Levels: High levels of debt can strain a company’s ability to pay dividends. Check the company’s debt-to-equity ratio to ensure it’s not over-leveraged, which could jeopardize dividend payments.
4. Cash Flow: Strong and consistent cash flow is essential for maintaining dividend payouts. Evaluate the company’s cash flow statements to ensure it can support its dividend commitments without compromising operational needs.
5. Dividend Payout Ratio: Assess the dividend payout ratio to determine if the company is paying out a reasonable portion of its earnings. A low to moderate ratio is preferable for the long-term sustainability of dividend payments.

How To Invest In High Dividend Yield Industrial Machinery Stocks under Rs 500?

To invest in high dividend yield industrial machinery stocks under Rs 500, start by researching companies with a strong history of dividend payments. Open a trading account with a reputable broker like  Alice Blue. Analyze the company’s fundamentals, including earnings stability, industry position, and debt levels.

Advantages Of Investing In High Dividend Yield Industrial Machinery Stocks Under 500

The primary advantage of investing in these stocks is the opportunity to earn a steady income through dividends.

1. Affordable Entry: Stocks priced under Rs 500 allow investors with limited capital to gain exposure to the industrial sector, enabling portfolio diversification across various machinery companies.
2. Income Stability: Industrial machinery stocks with high dividend yields can provide a reliable income stream, particularly for investors seeking stable returns in addition to potential capital appreciation.
3. Sector Growth: The industrial sector often benefits from economic growth and infrastructure development, which can lead to increased revenues for machinery companies and potential dividend increases.
4. Risk Mitigation: Investing in dividend-paying stocks helps mitigate risks, as companies that pay dividends are generally financially stable, reducing the overall volatility in your investment portfolio.
5. Compounding Returns: Reinvesting dividends can compound returns over time, significantly enhancing the value of your investments, especially when coupled with potential stock price appreciation.

Risks Of Investing In High Dividend Yield Industrial Machinery Stocks under Rs 500

The main risks of investing in high dividend yield industrial machinery stocks under ₹500 include market volatility, economic sensitivity, and sector-specific challenges.

1. Economic Sensitivity: Industrial machinery companies are highly dependent on the economic cycle. A downturn in the economy can lead to reduced demand, impacting revenues and the ability to maintain dividend payouts.
2. Dividend Sustainability: Companies may cut dividends during tough economic times or when facing operational challenges. This risk is especially pertinent in cyclical industries like industrial machinery.
3. Market Volatility: The stock prices of industrial machinery companies can be volatile due to factors like fluctuating commodity prices, global trade issues, or changes in government policies affecting the sector.
4. Capital Intensive Nature: Industrial machinery companies often require significant capital expenditure, which can strain cash flow and impact the company’s ability to pay dividends during periods of high investment.
5. Concentration Risk: Heavy investment in the industrial machinery sector can expose your portfolio to sector-specific risks, such as technological changes or shifts in industry regulations, which may affect the profitability of these companies.

Introduction to High Dividend Yield Industrial Machinery Stocks under Rs 500

WPIL Ltd

The Market Cap of WPIL Ltd is Rs 5042.74 crores. The stock’s monthly return is 9.34%. Its one-year return is 44.90%. The stock is 11.53% away from its 52-week high.

WPIL Limited, an India-based company, primarily focuses on the design, development, manufacturing, installation, commissioning, and maintenance of pumps and pumping systems. 

The company undertakes construction projects related to water supply and irrigation and serves both domestic and global markets. It operates through two segments: Assembled to order pumps (ATO) and Engineered to order (ETO). ATO pumps are tailored for specific installations, while ETO pumps are custom-designed for special projects.  

Greaves Cotton Ltd

The Market Cap of Greaves Cotton Ltd is Rs. 3842.92 crore. The stock’s monthly return is 2.48%. Its one-year return is 18.54%. The stock is 16.42% away from its 52-week high.

Greaves Cotton Limited is a comprehensive energy solutions company that manufactures clean energy powertrain solutions for various types of engines, generator sets, farm equipment, e-mobility, and aftermarket parts and services. 

The company operates in four main segments: Engines, Electric Mobility, Cables and Control Levers, and Others. The Engines segment covers engine applications in farm equipment, generator sets, and spare parts. The Electric Mobility segment focuses on the production and sale of electric vehicles and their components.  

Uniparts India Ltd

The Market Cap of Uniparts India Ltd is Rs. 2294.20 crores. The stock’s monthly return is -1.55%. Its one-year return is -23.92%. The stock is 39.58% away from its 52-week high.

Uniparts India Limited is an India-based manufacturer that utilizes technology to produce machined products. 

The company specializes in manufacturing linkage parts and components for off-highway vehicles, agricultural and forestry machinery, as well as parts and accessories for construction and mining equipment. In addition to its core product verticals of 3-point linkage systems and precision machined parts, Uniparts also offers products such as power take-off, fabrications, and hydraulic cylinders.  

Kabra Extrusion Technik Ltd

The Market Cap of Kabra Extrusion Technik Ltd is Rs. 1403.98 crore. The stock’s monthly return is -2.23%. Its one-year return is -11.09%. The stock is 33.54% away from its 52-week high.

Kabra Extrusion Technik Limited is an Indian company that specializes in manufacturing and exporting extrusion plants. The company produces and sells a variety of plastic extrusion machinery, advanced lithium-ion battery packs, and related products. 

Their product range includes extrusion lines for PVC, cPVC, PVC foam core, polyolefins and PP-R pipes, twin screw lines for rigid PVC/cPVC pipes, PVC profiles and pellets, single screw extrusion lines for PO pipes, drip tube lines, blown film lines, mixer-coolers and other equipment for pipe and film plants.  

Sterling Tools Ltd

The Market Cap of Sterling Tools Ltd is Rs. 1375.76 crore. The stock’s monthly return is 0.50%. Its one-year return is 5.24%. The stock is 19.95% away from its 52-week high.

Sterling Tools Limited, an India-based company, specializes in manufacturing high-tensile cold-forged fasteners and serves various automotive companies in India, Europe and the United States. The company’s product lineup comprises standard and special fasteners, stainless steel bolts, nuts, screws, anchor fasteners, chassis fasteners and engine fasteners. 

Their manufacturing processes include cold forging and thread rolling, along with heat treatment, surface treatment, and engineering services. The standard fasteners range from socket head cap screws to hexagonal head bolts, while the chassis fasteners include hub/wheel bolts, suspension bolts, and wheel studs.  

Birla Precision Technologies Ltd

The Market Cap of Birla Precision Technologies Ltd is Rs. 557.79 crore. The stock’s monthly return is 39.72%. Its one-year return is 67.00%. The stock is 16.42% away from its 52-week high.

Birla Precision Technologies Limited, an engineering company based in India, is involved in the manufacturing and sale of machine tool accessories, tools, precision and automotive components, as well as castings. 

The company operates through two segments: Tools, Automobiles & Auto Components, Precision Components, and Casting and Machining. It comprises three divisions: Tool Holder, Automotive, and Precision Components (an export-focused division producing engine components, shafts, spools, and more for automotive and hydraulic clients globally and locally).

International Conveyors Ltd

The Market Cap for International Conveyors Ltd is Rs. 524.02 crore. The stock’s monthly return is -1.08%. Its one-year return is 6.10%. The stock is 57.39% away from its 52-week high.

International Conveyors Limited manufactures and markets fire retardant, anti-static conveyor belting in India made of solid woven fabric reinforced polyvinyl chloride (PVC). 

The company operates in segments including Conveyor Belts, Wind Energy, Trading Goods, and Investment. The Conveyor Belts segment focuses on the production and sale of PVC Conveyor Belting. In the Wind Energy Segment, the company is involved in the generation, supply, and sale of wind power. Its main product is the PVC Fire Resistant Antistatic Solid Woven Coal Conveyor Belting.  

Ador Fontech Ltd

The market capitalization of Ador Fontech Ltd is Rs. 494.20 crore. The stock’s monthly return is -0.49%. Its one-year return is 34.62%. The stock is 21.08% away from its 52-week high.

Ador Fontech Limited is involved in the manufacturing and maintenance of various consumables, equipment and ancillary services. The company provides a wide range of products, including welding electrodes, welding and safety gear, Hypertherm plasma cutting machines, wear-resistant items, life-enhancement services, as well as thermal spray products and services. 

The welding electrodes and wires offered by the company come in around 119 different varieties, covering copper and copper alloys, steel and stainless steel alloys, and nickel and nickel alloys. The welding equipment comprises MMA machines, MIG machines, TIG machines, Synergic Pulse multi-process equipment, and SAW machines.  

Tamboli Industries Ltd

The Market Cap of Tamboli Industries Ltd is Rs. 135.46 crore. The stock’s monthly return is 6.68%. Its one-year return is -2.24%. The stock is 48.15% away from its 52-week high.

Tamboli Industries Limited, a holding company headquartered in India, operates primarily through its wholly-owned subsidiary, Tamboli Castings Limited (TCL). 

Tamboli Castings Limited (TCL) specializes in producing high-precision, fully machined investment castings and precision components for various industries such as pneumatics and automation, pumps, valves, turbo parts, aerospace, and automotive. In addition to its core business, the Company has investments in other products and financial instruments through its affiliates.

SNL Bearings Ltd

The Market Cap of SNL Bearings Ltd is Rs. 131.33 crores. The stock’s monthly return is -3.03%. Its one-year return is 10.97%. The stock is 24.27% away from its 52-week high.

SNL Bearings Limited, an India-based company, manufactures and markets antifriction-bearing products. The company produces a variety of needle roller bearings for automotive applications, catering to original equipment manufacturers (OEMs) and Aftermarkets in both domestic and international markets. 

SNL also specializes in manufacturing special-purpose machines, offering products such as needle roller components, bushes, cages, textile machinery, and household appliances.

Top High Dividend Yield Industrial Machinery Stocks under ₹500 – FAQs

We hope you’re clear on the topic, but there’s more to explore in stocks, commodities, mutual funds, and related areas. Here are important topics to learn about.

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.