Nov 29, 2013
Indian investors have always fancied stocks that give good dividends. Although large-cap stocks are good at giving consistent dividends when it comes to dividend yield they score low. Here in this article, we presenting to you the top 5 companies in the mid-cap space that have a high dividend yield and which are also trading at low PE levels. We have considered mid-cap companies whose market capitalisation is more than Rs 250 crore and less than or equal to Rs 1000 crore.
Rei Agro: REI Agro is the largest basmati rice processing and marketing company in the globe. From modest beginnings in 1996, the company has grown to hold the largest market share of the basmati rice segment worldwide. Today, REI Agro is an integrated player undertaking activities right from procuring paddy to drying, de-husking, milling and polishing, colour sorting, grading, inspection, packing, branding, distribution and retailing.
The company has secured the top spot on our list, with a dividend yield of 8.4% and a current PE level of 3.84x. The latest market capitalisation of the company stands at Rs 570.01 crore.
IL&FS Investment Managers: IL&FS Investment Managers (IIML), a subsidiary of IL&FS, is one of the oldest and largest private equity fund managers in India, with over USD 3.2 billion under management. Established in 1989, IIML has been an early (in many instances, the first) investor across various sectors such as Telecom, City Gas Distribution, Shipyards, Retail and Media. The funds managed by IIML now span General Purpose Private Equity, Real Estate and Infrastructure.
The company has a healthy dividend yield of 7.97% and trades at a PE of 8.21x. Its market capitalisation stands at Rs 393.01 crore.
RSWM: The company is engaged in the manufacturing and sale of yarns, fabrics and denims, primarily in India. It also manufactures a range of blended suiting fabrics under the brand name Mayur. In addition, it produces specialty denim fabrics under the LNJ Denim brand. RSWM also exports its products to Europe, South Africa, Australia, Korea, Belgium, Singapore, Italy, Egypt and the Middle East.
With a market capitalisation of Rs 322.48 crore, the company is trading at a PE of 3.28x. It has one of the highest dividend yields, which stands at 7.18%.
Infinite Computer Solutions (India): Infinite Computer Solutions is a global service provider of Infrastructure Management Services, Intellectual Property (IP) Leveraged Solutions and Application Management Services, focused on the telecom, media, manufacturing, energy & utilities and healthcare industries. The company's services span across the areas of Application Management Outsourcing, Packaged Application Services, Independent Validation and Verification and Product Development & Support to higher value-added offerings including Managed Platform and Product Engineering Services.
The dividend yield of the company stands at 7.12% and it is trading at a PE of 6.01x. Its market capitalisation stands at Rs 537.75 crore.
India Glycols: The company manufactures specialty and performance chemicals and natural gums, spirits, industrial gases, sugar and nutraceuticals. It is one of the leading manufacturers of glycols, ethoxylates and PEGs, performance chemicals, glycol ethers and acetates, natural gums and potable alcohol.
The company's latest market capitalisation stands at Rs 275.7 crore. Its dividend yield stands at 6.74% and it is currently trading at a very low PE of 1.93x.