5 Best Dividend Paying Penny Stocks

Dividend Paying Penny Stocks: Only 6% of Indians trade in the stock market, therefore if you are looking up investing on the internet, you are already ahead of 94 percent of people.

Today we have combined a list of Top 5 Dividend Paying Penny Stocks in India that you should consider before investing anywhere else.

Top 5 Dividend Paying Penny Stocks

 Dividend Paying Penny Stocks
Dividend Paying Penny Stocks

Following are Top 5 Dividend Paying Penny Stocks, starting with:

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1. S A I L

Dividend Paying Penny Stocks: SAIL
Dividend Paying Penny Stocks: SAIL

Dividend Paying Penny Stocks: The largest steel manufacturer in India and one of the seven Maharatnas of the Central Public Sector Enterprises was founded on January 24, 1973. It is known as Steel Authority of India (SAIL).

Five integrated plants and three special steel plants operated by SAIL, primarily in India’s eastern and central regions and close to domestic raw material sources, produce iron and steel. SAIL produces and markets a variety of steel goods.

Dividend Paying Penny Stocks: About 75% of SAIL’s equity is owned by the Indian government, which also maintains voting control over the business. However, SAIL has a lot of operational and financial autonomy because of its “Maharatna” status. Since its inception, SAIL has played a significant role in creating a reliable foundation for the nation’s industrial growth.

Additionally, it has made a significant contribution to the growth of managerial and technical expertise. By consistently supplying the inputs for the consuming industry, it has caused the secondary and tertiary waves of economic growth.

Dividend Paying Penny Stocks: A policy statement was created by the Ministry of Steel and Mines to develop a new framework for managing the industrial sector. On December 2, 1972, the policy statement was delivered to the Parliament. This led to the idea of establishing a holding company to control inputs and outputs under one roof.

Steel Authority of India Ltd. was subsequently established as a result.

Business division of the business

The business manufactures things made of iron and steel, and it also makes money by selling such products.

Growth Parameters

*Based on past 10 years

particularsMar’12Mar’13Mar’14Mar’15Mar’16Mar’17Mar’18Mar’19Mar’20Mar’21TTM
ROCE % 7.4%4.8%4%4.2%-3.1%-1.2%1.9%5.9%5.9%6.6%
Value Creation Index -0.3-0.6-0.6-0.6-1.2-1.1-0.8-0.5-0.6-0.4
Sales 46,33544,44146,68245,73039,05244,45257,55866,96761,66169,1101,03,473
YoY Gr. Rt. %-4.1%5%-2%-14.6%13.8%29.5%16.4%-7.9%12.1%
Adj EPS 95.64.74.8-9.5-6.5-1.16.36.79.129.1
YoY Gr. Rt. %-37.7%-16.1%1.9%-298.3%NANANA6.5%35.8%
BVPS (₹) 96.499.3103.3105.394.987.286.592.496.3105.3125.9
Adj Net Profit 3,7122,3131,9401,977-3,926-2,701-4472,5982,7673,75912,016
Cash Flow from Ops. 1,0422,4045,8832,7443,8002,1256,1587,302-65123,396
Debt/CF from Ops. 15.794.310.99.319.57.46.2-83.21.6
Dividend Paying Penny Stocks: SAIL

Products

  • Semis (Blooms, Billets, Slabs)
  • Structurals (Beams, channels, Angles, Crane Rails, Z-type sheet-piling section)
  • Rebars, Bars, and Rods (wire rods)
  • Hot-rolled goods (Coils & sheets)
  • Plates
  • Products with a zinc coating (plain/corrugated sheets and coils)
  • tin plates, electrical steel, and pipe
  • Train-related goods
  • Pig iron Parallel flange beams and structurals in alloy, stainless, and other special steel


Key Financial Parameters

*Based on past 10 years

ParticularsMar’12Mar’13Mar’14Mar’15Mar’16Mar’17Mar’18Mar’19Mar’20Mar’21TTM
Return on Equity % 9.75.74.64.6-9.5-7.2-1.377.1925.2
Op. Profit Mgn % 1310.18.410.1-7.10.28.214.91718.520.6
Net Profit Mgn % 85.24.24.3-10.1-6.1-0.83.94.55.411.6
Debt to Equity 0.40.50.60.70.91.21.31.21.40.90.2
Working Cap Days 16018719220923619618117923021684
Cash Conv. Cycle 931141151191279779781261000
Dividend Paying Penny Stocks: SAIL

2. SM Auto Stamping

Dividend Paying Penny Stocks: SM Auto Stamping
Dividend Paying Penny Stocks: SM Auto Stamping

Dividend Paying Penny Stocks: The sale of the Bearing Cage Division by SM Auto Stamping is approved on June 28, 2022.
The company’s Bearing Cage Division (Machinery and Tools) transaction has been approved, according to SM Auto Stamping. The Board of Directors gave their approval to the same.

As a sublimit of the current CC facility, the Board additionally authorised the Letter of Credit (LC) Limit with TJSB Sahakari Bank, located at Shop No. 02, Suyojit Sankul, next to Rajiv Gandhi Bhavan Sharanpur Road, Nashik.

Precision sheet metal stamping and deep drawn parts, including welded assemblies and press tools, are produced by SM Auto Stamping.

Growth Parameters

*Based of past 10 years

ParticularsMar’12Mar’13Mar’14Mar’15Mar’16Mar’17Mar’18Mar’19Mar’20Mar’21TTM
ROCE % 9.1%8.6%9%10%7%6.9%11.4%11.3%-7.2%-2.7%
Value Creation Index -0.4-0.4-0.4-0.3-0.5-0.5-0.2-0.2-1.5NA
Sales 31.140.149.544.245.342.649.458.144.338.955
YoY Gr. Rt. %28.9%23.5%-10.5%2.5%-6%16%17.6%-23.7%-12.2%
Adj EPS 9.911.39.92.82.51.612.113.4-2-1.32.6
YoY Gr. Rt. %14.9%-12.4%-71.8%-10%-37.3%665.2%11.1%-114.9%NA
BVPS (₹) 42.253.552.855.55859.675.188.610.69.410.8
Adj Net Profit 11.11.30.40.30.21.61.8-2.9-1.84
Cash Flow from Ops. 0002.9-34.6-32.63.90.81.70.2
Debt/CF from Ops. 0006.2-0.5-0.53.515.78.863.7
Dividend Paying Penny Stocks: SM Auto Stamping


Key Financial Parameters

*Based of past 10 years

ParticularsMar’12Mar’13Mar’14Mar’15Mar’16Mar’17Mar’18Mar’19Mar’20Mar’21TTM
Return on Equity % 26.523.721.35.24.52.71816.4-21.3-12.625.3
Op. Profit Mgn % 8.387.610.85.33.86.77.2-3.72.40
Net Profit Mgn % 3.12.82.60.80.70.53.23-6.4-4.76.7
Debt to Equity 21.51.22.52.42.21.41.110.8
Working Cap Days 1401361351441501801921681551070
Cash Conv. Cycle -8771,362-32,348687156443968600
Dividend Paying Penny Stocks: SM Auto Stamping

3. NALCO

Dividend Paying Penny Stocks: NALCO
Dividend Paying Penny Stocks: NALCO

Dividend Paying Penny Stocks: NALCO, a Navratna CPSE under the Ministry of Mines, produces aluminium. It was founded on January 7th, 1981, with Bhubaneswar serving as its registered office.

With comprehensive and diversified activities in mining, metal, and electricity, the company is a group “A” CPSE. One of the biggest integrated bauxite-aluminum-power complexes in the nation is NALCO.

According to the most recent Wood Mackenzie study, NALCO has earned the distinction of being the world’s lowest cost producer of bauxite and alumina for the year 2019.

NALCO is a shining example of India’s industrial potential because to its steady success in capacity utilisation, technology absorption, quality assurance, export performance, and generating profits.

Dividend Paying Penny Stocks: As the first public sector company in the nation to register for the London Metal Exchange (LME) since May 1989, NALCO is making a significant worldwide market entry. Since 1992 and 1999, the Company has been listed on the Bombay Stock Exchange (BSE) and the National Stock Exchange (NSE).

In addition to receiving certifications for ISO 9001, ISO 14001, OHSAS 18000, ISO 50001, and SA 8000, NALCO’s Data Center at Corporate Office and Disaster Recovery Site at Alumina Refinery were both certified for their information security management systems and given ISO 27001:2013 Certification and Accreditation by International Accreditation Services, USA.

Growth Parameters 

*Based of past 10 years

ParticularsMar’12Mar’13Mar’14Mar’15Mar’16Mar’17Mar’18Mar’19Mar’20Mar’21TTM
ROCE % 7.8%5.7%6.1%10.1%5.8%6%12.9%16.4%1.3%12.6%
Value Creation Index -0.4-0.6-0.6-0.3-0.6-0.6-0.10.2-0.9-0.1
Sales 6,6126,9166,7817,3836,8177,5439,50911,4998,4728,95614,181
YoY Gr. Rt. %4.6%-2%8.9%-7.7%10.7%26.1%20.9%-26.3%5.7%
Adj EPS 3.12.12.34.42.93.66.99.30.77.116.1
YoY Gr. Rt. %-32.2%9.5%91.3%-34.6%25.6%90.6%33.8%-92.3%897.2%
BVPS (₹) 45.546.34749.751.252.854.456.253.558.268.4
Adj Net Profit 8005455951,1387457021,3381,7281331,3012,951
Cash Flow from Ops. 8874419815208811,4361,5902,409-3492,199
Debt/CF from Ops. 00000000-00
Dividend Paying Penny Stocks: NALCO

Business division

Dividend Paying Penny Stocks: Asia’s biggest integrated alumina-aluminum complex is owned by NALCO. Its integrated activities span the whole value chain of aluminium manufacturing, from bauxite mining to alumina refinement to smelting to captive power generation to a robust logistics network.

Key Financial Parameters

*Based of past 10 years

ParticularsMar’12Mar’13Mar’14Mar’15Mar’16Mar’17Mar’18Mar’19Mar’20Mar’21TTM
Return on Equity % 74.659.15.7612.916.51.312.625.4
Op. Profit Mgn % 19.315.616.825.414.114.314.725.15.81731.9
Net Profit Mgn % 12.17.98.815.410.99.314.1151.614.520.8
Debt to Equity 00000000000
Working Cap Days 154174189164169149120100141132134
Cash Conv. Cycle 28434230301610-42327
Dividend Paying Penny Stocks: NALCO

Operation

  • Aluminum Smelter Captive Power Plant Rolled Products Unit Port Facilities Bauxite Mines
    Wind turbines
    NRTC-Testing Services and Products for Solar Power
  • Aluminum Metal Alumina & Hydrate Special Products Zeolite-A
    Rolled Products Significant Successes
  • 2019’s lowest cost alumina and bauxite producer worldwide (as per Wood Mackenzie Report).
    Second-highest CPSE in the nation for net foreign exchange earnings in FY 2018–19 (as Public Enterprises Survey Report by DPE).
  • Successful commercialization of the world’s first De-fluoridation plant based on nanotechnology to lower the fluoride level of effluent water.
  • The Ministry of Mines has awarded Panchpatmali Bauxite Mines five stars for the second year in a row.
  • Honorable Mention for Excellence in Corporate Social Responsibility (CSR) was given by the Ministry of Corporate Affairs at the 2018 National CSR Awards.
  • Formed a joint venture company with MIDHANI to produce high-end aluminium alloy to satisfy the needs of the aerospace and defence industries.
  • Formed the joint venture company KABIL with HCL and MECL to purchase important mineral assets abroad and to supply India.
  • NALCO reports progress in the production of bauxite and alumina.
  • NALCO has won recognition for its “Nalco Ki Ladli” CSR initiative.


4. Standard Inds.

Dividend Paying Penny Stocks: Standard Inds.
Dividend Paying Penny Stocks: Standard Inds.

Dividend Paying Penny Stocks: Incorporated in 1892, Standard Industries Limited (SIL), formerly Standard Mills Company Limited. The Stranrose Group, led by R.N. Mafatlal, assumed managerial control of this business in 1979. Plot No. 4, TTC Industrial Area, Thane Belapur Road, PO Ghansoli, Navi Mumbai, Mumbai 400701 is where the company’s registered office is located.

Growth Parameters

*Based on past 10 years

ParticularsMar’12Mar’13Mar’14Mar’15Mar’16Mar’17Mar’18Mar’19Mar’20Mar’21TTM
ROCE % -0.3%-3.6%-9%-5.6%-9.6%-13.5%11.4%-6.4%-12.3%10.1%
Value Creation Index -1.0-1.3-1.6-1.4-1.7-2.0-0.2-1.5-1.9-0.3
Sales 12.58.49.46.96.37.410.212.816.87.5436
YoY Gr. Rt. %-32.6%12.1%-26.8%-8.7%16.7%38.4%25.8%31.1%-55.3%
Adj EPS -0.1-0.8-1.8-1-1.8-2.71.7-3.9-4.7-028.5
YoY Gr. Rt. %NANANANANANA-336.1%NANA
BVPS (₹) 22.821.118.416.914.212.11381.61.730.3
Adj Net Profit -0.5-5.1-11.4-6.3-11.4-17.310.7-25.2-29.9-0.2184
Cash Flow from Ops. -0.3-23.9-25.1-10.13.322.72.110973.937.7
Debt/CF from Ops. 00007.50.850.81.31.51.4
Dividend Paying Penny Stocks: Standard Inds.

Company profile:

Dividend Paying Penny Stocks: The company works in the textile, garment, and chemical industries. The division of textiles and apparel produces ready-to-wear garments for men and women out of cotton, polyester, yarn, and other fabrics.

The business’s textile segment produces and sells chemicals such ethyle chloride, chlorine, hydrochloric acid, potassium carbonate, caustic soda, and potash. Additionally, it operates garment factories in Gujarat’s Nadiad and Kutch. Thane and Mumbai are where the firm has its facilities.

Key Financial Parameters

*Based of past 10 years

ParticularsMar’12Mar’13Mar’14Mar’15Mar’16Mar’17Mar’18Mar’19Mar’20Mar’21TTM
Return on Equity % -0.3-3.6-9-5.6-11.4-20.513.3-37.4-96.6-1.5178.2
Op. Profit Mgn % -82.4-170.3-163.1-165.6-215.9-268.3-147.7-109.7-71.7-172.446.5
Net Profit Mgn % -4.1-60.7-121.3-91.6-181.2-235.2105.2-197.1-178.6-2.242.1
Debt to Equity 00000.30.21.32.810.64.70
Working Cap Days 1,8153,4883,6925,1535,0112,5791,4921,4581,0463,70634
Cash Conv. Cycle 7321,1829891,2477215454457223058212
Dividend Paying Penny Stocks: Standard Inds.


5. Ircon International Limited

Dividend Paying Penny Stocks: Ircon international limited
Dividend Paying Penny Stocks: Ircon international limited

Dividend Paying Penny Stocks: The Central Government (Ministry of Railways) established Ircon International Limited (IRCON) on April 28, 1976, originally under the name Indian Railway Construction Company Limited. It was established to make use of the Indian Railway’s expertise in working with developing nations to create or maintain their own railways as well as to carry out private sector railroad projects.

It is the top turnkey construction business in the public sector, and it is renowned for the high calibre, dedication, and reliability of its work. IRCON now conducts extensive activities in several states of India as well as Malaysia, Nepal, Bangladesh, Mozambique, Ethiopia, Afghanistan, the United Kingdom, Algeria, and Sri Lanka.

Dividend Paying Penny Stocks: IRCON is a professional construction company that offers the full range of services and building operations in the infrastructure industry. The key expertise areas of IRCON include, however, the engineering and construction of EHP sub-stations, as well as special structures, MRTS, etc.

The business not only competes fiercely in its industry, but also in remote areas of India and beyond, and it actively takes part in famous nation-building initiatives. In addition to more than 90 projects worldwide in more than 20 countries, IRCON has already finished more than 270 infrastructure projects in India.

The corporation specialises in the building of roads, highways, commercial, industrial, and residential complexes, airport runways, airport projects, leasing of locomotives, mass rapid transit systems, and other infrastructure.

Growth Parameters 

*Based on past 10 years

ParticularsMar’12Mar’13Mar’14Mar’15Mar’16Mar’17Mar’18Mar’19Mar’20Mar’21TTM
ROCE % 30.5%37.3%34.1%17.4%9.8%10.7%8.5%10.5%12.9%13%
Value Creation Index 1.21.71.40.2-0.3-0.2-0.4-0.3-0.1-0.1
Sales 3,5764,2224,1383,0472,4813,0674,0244,7985,3915,3427,380
YoY Gr. Rt. %18.1%-2%-26.4%-18.6%23.6%31.2%19.2%12.4%-0.9%
Adj EPS 23.835.945.328.716.43.74.44.754.26.3
YoY Gr. Rt. %51%26.2%-36.6%-43%-77.7%20%7.3%5.3%-15.4%
BVPS (₹) 87.6115.3148.6166.9183.838.64042.244.446.849.6
Adj Net Profit 471710896569324361412442465394593
Cash Flow from Ops. 6195491335361,446919-2,617-1,185-136518
Debt/CF from Ops. 0020.500-1.2-2.600.6
Dividend Paying Penny Stocks: Ircon international limited

Business operations

1) Railway:

Dividend Paying Penny Stocks: The full range of activities, including the construction of new railway lines, rehabilitation and conversion of existing lines, station buildings and facilities, bridges, regirdering of railway bridges, tunnels, signalling and telecommunication networks, railway electrification, wet leasing of locomotives, establishment of production units for the manufacture of rolling stock, maintenance depots/workshops, concrete sleepers and track components are all covered by the services provided.

Numerous significant and prominent projects in the railway industry have been successfully finished both domestically and internationally, including the building of more than 2500 km of new track and the restoration of old track in India and overseas.

2) Highways:

Dividend Paying Penny Stocks: Use of fully automatic high capacity batch type concrete batching plant for ensuring quality of concrete production, use of fully automatic batch type hot mix plant for ensuring quality of bituminous production, construction of bituminous pavement using full width (9 metre), sensor paver, full width slip form paver for pavement quality concrete, and high capacity, c.

3) Building Bridges and Flyovers:

Dividend Paying Penny Stocks: IRCON has extensive expertise building bridges and flyovers. Pre-stressed pre-cast continuous box girders on curve, bridges with pre-stressed concrete employing the most recent kind of launching truss, elevated portions for the MRTS, bridges with open foundations in rocky strata, bridges on well foundation, etc. building viaducts at a height of 70 m, Construction of cable-stayed bridges, flyovers over congested crossroads in India and abroad, and bridges over extremely steep terrain in Jammu and Kashmir.

4) Construction of all types of buildings

Dividend Paying Penny Stocks: such as commercial and industrial buildings, airport hangars, station buildings and facilities, hospitals, business centers, setting up production units for manufacture, workshops/warehouses, etc, installation of air conditioning systems, and electrification are all included in the services provided.

5) In-house design capability

Dividend Paying Penny Stocks: In-house design capability for Grid Sub-stations of voltage class up to 400 kV, Customized Software package for design of Railway Electrification works, Simulation studies for AC Distribution Network, Pioneer in Railway Electrification works including Traction Sub-stations, are just a few of the electrical services offered.

6) Signaling and Telecom Project:

Dividend Paying Penny Stocks: IRCON has completed several electronic (Solid State) Interlocking and relay-based Interlocking signalling systems in India, Bangladesh, Malaysia, Iran, and Iraq.

Additionally, it has successfully completed telecom projects for the Turkish, Malaysian, Zambian, and Indian Railways. Ircon is currently working on projects in India, Malaysia, Iran, and Sharjah (UAE).

The principal operations covered by the supply of modern, light-weight passenger cars that meet railway specifications and demands are as follows: Customer-specific supply of diesel electric locomotives Supply of plant and machinery for the workshop, leasing and maintenance of diesel locomotives, and specification and operational requirements.

Key Financial Parameters

*Based on past 10 years

ParticularsMar’12Mar’13Mar’14Mar’15Mar’16Mar’17Mar’18Mar’19Mar’20Mar’21TTM
Return on Equity % 30.235.434.318.29.39.710.911.411.49.213.1
Op. Profit Mgn % 13.518.426.120.36.79.19.89.57.59.17.9
Net Profit Mgn % 13.216.821.718.712.911.510.18.88.17.18
Debt to Equity 000.10.1000.90.800.10.3
Working Cap Days 238221286431417275368494405326312
Cash Conv. Cycle 372714153933202120577
Dividend Paying Penny Stocks: Ircon international limited

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Disclaimer

Investors must exercise due caution. Teknikalraman and the author are not liable for any losses caused as a result of decisions based on the article. The above article is for informational purposes only.

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