Public Sector Undertaking (PSU) stocks represent companies owned and operated by the government in India. These stocks play a significant role in the country’s economy and stock market, offering investors opportunities for stable returns and often serving strategic sectors such as energy, banking, infrastructure, and manufacturing.
Here are stocks in the President Of India’s portfolio that may give dividends up to Rs 9,432.25 crore in FY23-24;
Balmer Lawrie Investment Ltd
Balmer Lawrie Investments Ltd is a government enterprise. It is a significant shareholder of Balmer Lawrie & Co. Ltd. The firm, along with its subsidiaries, is in the business of industrial packaging, greases and lubricants, leather chemicals, etc.
With a market capitalization of Rs 1,618 crore, on Friday, the shares closed at Rs 729 per share, increased around 1 percent as compared to the previous closing period.
President Of India holds 13,246,098 equity shares which is equivalent to 59.67 percent of the company as of March 2024.
President Of India may earn Rs 43.76 crore as dividends for the financial year 23-24, with a dividend yield of 4.57 percent.
Looking into the company’s financial performance, revenue increased by 13 percent from Rs 516 crore in Q3FY23 to Rs 587 Crore in Q3FY24. During the same time frame, net profit increased by 83 percent from Rs 37 crore to Rs 68 crore.
Bharat Petroleum Corporation Ltd
Bharat Petroleum Corporation Limited is an India-based firm that produces, refines, and distributes petroleum products. Its offerings include fuel services, Bharatgas, MAK Lubricants, refineries, gas, industrial and commercial, international trading, and proficiency testing.
With a market capitalization of Rs 1,36 lakh crore, on Friday, the shares closed at Rs 630 per share, decreased around 0.76 percent as compared to the previous closing period.
President Of India holds 1,149,183,592 equity shares which is equivalent to 52.98 percent of the company as of March 2024.
President Of India may earn Rs 2,413.53 crore as dividends for the financial year 23-24, with a dividend yield of 3.46 percent.
Looking into the company’s financial performance, revenue decreased by 3 percent from Rs 119,170 crore in Q3FY23 to Rs 115,499 Crore in Q3FY24. During the same time frame, net profit increased by 82 percent from Rs 1,747 crore to Rs 3,181 crore.
Coal India Ltd
Coal India Ltd’s primary business is coal mining and production, as well as the operation of coal washeries. The company’s key customers are the electricity and steel sectors. Other sector consumers include cement, fertilizers, brick kilns, and so on.
With a market capitalization of Rs 2.92 lakh crore, on Friday, the shares closed at Rs 475 per share, increased around 4.60 percent as compared to the previous closing period.
President Of India holds 389.07 crore equity shares which is equivalent to 63.1 percent of the company as of March 2024.
President Of India may earn Rs 9,432.25 crore as dividends for the financial year 23-24, with a dividend yield of 5.34 percent.
Looking into the company’s financial performance, revenue increased by 3 percent from Rs 35,169 crore in Q3FY23 to Rs 36,154 Crore in Q3FY24. During the same time frame, net profit increased by 18 percent from Rs 7,719 crore to Rs 9,094 crore.
Written by:- Abhishek Singh
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