Public Sector Undertakings (PSUs) in India are government-owned corporations that play a crucial role in the country’s economy and infrastructure development. Established primarily through nationalisation efforts beginning in the 1950s, these entities were created to provide essential services and promote equitable economic growth.
The government holds at least 51 percent of the paid-up share capital in PSUs, allowing it to control management and operations. PSUs are categorised based on their financial performance and operational autonomy into several groups: Maharatna, Navaratna, and Miniratna.
The month has begun when companies will start announcing their financial results. Investors seeking lower-risk options compared to other sectors often turn to PSU stocks for their reliable dividend payouts. Analyzing historical patterns can provide insights into when specific stocks are likely to announce their dividends.
Following are a few PSU stocks that historically issued dividends in the month of February and March:
1. Coal India Limited
With a market cap of Rs. 2.39 lakh crores, the shares of this Maharatna company and the single largest coal producer in the world surged 2.28 percent on BSE to Rs. 387.85 on Friday.
Coal India declared a dividend of Rs. 5.25 on 20th February 2024. Similarly, in 2023, the company paid a dividend of Rs. 5.25 on 8th February, and in 2022, it paid a dividend of Rs. 5 on February 21st.
The company experienced a marginal decline in its revenue from operations, showing a year-on-year fall of around 6.4 percent to Rs. 30,673 crores in Q2 FY25, accompanied by around 22 percent decrease in net profit to Rs. 6,275 crores, over the same period.
Over the last one year, the stock has delivered positive returns of about 2.30 percent, and has gained nearly 0.52 percent year-to-date.
Established in 1975, Coal India Limited (CIL) is primarily involved in the business of mining and production of coal. Its primary customers are the power and steel industries, with additional consumers in sectors such as cement, fertilizers, and brick kilns.
2. Bharat Electronics Limited
With a market cap of Rs. 2.06 lakh crores, the shares of a company serving the defence sector surged 2 percent on BSE to Rs. 282 on Friday.
Bharat Electronics declared a dividend of Rs. 0.7 in 9th February 2024 and another dividend of Rs. 0.7 in 22nd March 2024. Similarly, in 2023, the company paid a dividend of Rs. 0.6 in 10th February and Rs. 0.6 in 24th March.
In Q2 FY25, the company witnessed a significant growth in its revenue from operations, reaching Rs. 4,605 crores, a rise of nearly 15 percent YoY, accompanied by a net profit growth of about 38.4 percent YoY to Rs. 1,093 crores, during the same period.
Over the last one year, the stock has delivered positive returns of about 51 percent, and has dipped nearly (4) percent year-to-date.
Bharat Electronics Limited is a Government of India undertaking Navratna PSU, primarily engaged in the business of developing electronics technology solutions for the defence and civilian segments.
The company’s extensive presence in the industry has secured us a prominent position in the Indian defence sector, with ongoing expansion into international defence and civil markets.
Also read….
3. Power Finance Corporation Limited
With a market cap of Rs. 1.43 lakh crores, the shares of the highest profit-making NBFC in India as of FY24 surged xx percent on BSE to Rs. 433.30 on Friday.
Power Finance Corp. declared a dividend of Rs. 3.5 on 20th February 2024 and another dividend of Rs. 3 on 22nd March 2024. Similarly, in 2023, the company paid a dividend of Rs. 3.5 in February, and in 2022, it paid a dividend of Rs. 6 on February 25th.
In Q2 FY25, the company witnessed a significant growth in its revenue from operations, reaching Rs. 25,722 crores, a rise of nearly 15 percent YoY, accompanied by a net profit growth of about 8.8 percent YoY to Rs. 7,215 crores, during the same period.
Over the last one year, the stock has delivered positive returns of about 10 percent, and has dipped nearly (3.35) percent year-to-date.
Incorporated in 1986, Power Finance Corporation Limited is a Government Company engaged in the business of extending financial assistance to the power, logistics, and infrastructure sectors and is registered with the Reserve Bank of India (RBI) as an Infrastructure Finance Company
4. Hindustan Aeronautics Limited
With a market cap of Rs. 2.75 lakh crores, the stock surged 5.14 percent on BSE to Rs. 4,120.00 on Friday.
HAL declared a dividend of Rs. 22 in 20th February 2024. Similarly, in 2023, the company paid a dividend of Rs. 20 on 20th March, while in 2022, it paid a dividend of Rs. 26 on February 17th.
In Q2 FY25, the company witnessed a marginal growth in its revenue from operations, reaching Rs. 5,976 crores, a rise of nearly 6 percent YoY, accompanied by a net profit growth of about 22 percent YoY to Rs. 1,510 crores, during the same period.
Over the last one year, the stock has delivered positive returns of about 39.27 percent, and has dipped nearly (1) percent year-to-date.
Hindustan Aeronautics Limited (HAL) is engaged in the design, development, manufacture, repair, overhaul, upgrade and servicing of a wide range of products including, aircraft, helicopters, aero-engines, avionics, accessories and aerospace structures.
Written by Shivani Singh
Disclaimer
The views and investment tips expressed by investment experts/broking houses/rating agencies on tradebrains.in are their own, and not that of the website or its management. Investing in equities poses a risk of financial losses. Investors must therefore exercise due caution while investing or trading in stocks. Dailyraven Technologies or the author are not liable for any losses caused as a result of the decision based on this article. Please consult your investment advisor before investing.
