Small cap stocks are typically enterprises which have market capitalization of less than Rs. 5,000 crores, they fall outside the top 500 stocks in terms of market capitalization.
With high risks involved, Small cap stocks also offer a great runway for growth and can give multibagger returns. Generally Small cap stocks don’t distribute dividends or distribute a very minimal amount of their profits, but here are the 3 Small cap stocks with high dividend yield.
Shree Digvijay Cement Co. Ltd
Shree Digvijay Cement Company Ltd is primarily engaged in the business of manufacture and sale of cement. The company’s product portfolio includes various kinds of cement such as Portland Pozzolana etc. It sells cement under its established brand ‘Kamal Cement. The company has a market capitalization of Rs. 1317 crores.
On 11th October 2023, shares of Shree Digvijay Cement Co. Ltd were trading at Rs. 92.60 per share and it has delivered 38.52 percent returns in the last 1 year.
Shree Digvijay Cement Co. Ltd has dividend yield of 4.41 percent as of FY23. Company’s revenue has increased by 15.48 percent to Rs. 726.74 crores in FY23 from Rs. 629.34 crores in FY22, in the same time period company’s profit increased by 5.07 percent to 58.08 crores from 55.28 crores.
IIFL Securities Ltd
Incorporated in 1996 as a broking arm of the IIFL Group, IIFL Securities Limited provides retail and institutional equities, financial products distribution, commodity broking, currency broking, investment banking, financial planning and wealth management services to retail and institutional customers across India. The company has a market capitalization of Rs. 2,746 crores.
On 11th October 2023, shares of IIFL Securities Ltd were trading at Rs. 88.05 per share and it has delivered 32.01 percent returns in the last 1 year.
IIFL Securities Ltd has dividend yield of 3.34 percent as of FY23. Company’s revenue has increased by 9.72 percent to Rs. 1,352.08 crores in FY23 from Rs. 1,232.33 crores in FY22, in the same time period company’s profit decreased by 18.26 percent to 250.16 crores from 306.06 crores.
Radiant Cash Management Services Ltd
Incorporated in 2005, Radiant Cash Management Services Limited is market leader in retail cash management services for banks, financial institutions, and organised retail and e-commerce companies in India.
The company offers a range of services under this segment consisting of collection and delivery of cash on behalf of its clients from the end user. The company has a market capitalization of Rs. 1,012 crores.
On 11th October 2023, shares of Radiant Cash Management Services Ltd were trading at Rs. 96 per share and it has delivered -8.48 percent returns in the last 1 year.
Radiant Cash Management Services Ltd has a dividend yield of 3.16 percent as of FY23. Company’s revenue has increased by 24.08 percent to Rs. 354.91 crores in FY23 from Rs. 286.04 crores in FY22, in the same time period company’s profit increased by 64.17 percent to 62.73 crores from 38.21 crores.
Written by: Vinit Israni
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