Investing in the right stocks can help you to make good money, but if you make the right research in the market then you would be able to gain good income. For this you should try to understand all the different concepts of the market and choose some good stocks for invest your money. Watch these five Indian dividend stocks to buy that can give you higher return on your investment.
Thirumalai Chemicals Ltd. (NSE: TIRUMALCHM)
It is an India-based company which is engaged in manufacturing and selling chemicals. It provides the services to both the domestic and international markets. The company has two operating segments: Chemicals and Power Generation. The Company's distribution networks are in India, Asia, North America and Europe. it subsidiaries include Tarderiv International Pte Ltd, Cheminvest Pte Ltd and Optimistic Organic Sdn Bhd. (OOSB).
The company has a market capitalization of 993.16 Million, EPS is 17.53, P/E ratio is 5.53 and the dividend yield is 7.73% at the annual dividend payout of 2.50.
Hi-Tech Gears Ltd (NSE: HITECHGEAR)
The company is mainly engaged in the provision of gears and transmission components. Its products include gears and transmission, and shafts and timing gears. Hi-Tech is a division of the Company which is engaged in the business of engineering software solutions. Its other products include precision forgings, two wheeler transmission components, engine and transmission components, and PTU shafts. The plants of the company are located in Bhiwadi (Rajasthan) and Manesar (Haryana). The company had no subsidiary on March 31, 2012.
It has a market capitalization of 1.22 Billion, EPS is 11.81, P/E ratio is 5.49 and the dividend yield is 5.40% at the annual dividend payout of 1.50.
Omax Auto Limited (NSE: OMAXAUTO)
The company is engaged in the manufacture and sale of auto components and parts for the two-wheeler and four-wheeler industry. Its products for four wheelers include Neck Fuel Filter, trunk Hinge, Steering Column Shafts, Wiper Rods, Frame Assembly, Transmission Shafts, Rocker Arm Shaft, Truck Chassis, and Back Plates for brakeshoes and Piston Rods for Damper Assembly, Shround Fan Door Beams, Half Shaft Bars, Base Battery Set and Seat Assembly.
The company has a market capitalization of 630.95 Million, EPS is 7.52, P/E ratio is 3.92 and the dividend yield is 3.39% at the annual dividend payout of 1.00.
Sakuma Exports Limited (NSE: SAKUMA)
It is engaged in the trading of commodities and wind power generation. The company is also involved in trading of goods which include sugar, pulses and others. During the fiscal year ended March 31, 2011 it sold 171687.79 metric tons of sugar, 25175 metric tons of pulses and 239345.68 metric tons of other commodities. The company is importing paper which is marketed after getting it processed from outside on job work bases. During fiscal 201, the Company discontinued the production of polypropylene (P.P.) Bags.
It has a market capitalization of 252.14 Million, EPS is 4.48, P/E ratio is 3.31 and the dividend yield is 6.76% at the annual dividend payout of 1.00.
Innoventive Industries Ltd (NSE: INNOND)
Innoventive Industries Limited is an India-based multiproduct engineering company. It is engaged in the manufacturing and sale of precision steel tubes, tubular components, auto components, machined components and other steel products which find application in diverse industrial sectors, such as transportation, oil and gas power, farm equipment and general engineering. Its DOM tubes are used in cam shafts, tie rods, connecting rods, axles, steering columns, rocker arm shafts in automobile industry, boilers and air preheaters.
It has a market capitalization of 2.76 Billion, EPS is 10.47, P/E ratio is 4.43 and the dividend yield is 6.47% at the annual dividend payout of 1.00.
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