Auto Parts Stocks With High Dividend Yield English

Auto Parts Stocks With High Dividend Yield

The below table shows Auto Parts Stocks With High Dividend Yields based on the Highest Market Capitalization.

NameMarket Cap (Cr)Close Price (rs)
Banco Products (India) Ltd4284.32599.05
India Motor Parts & Accessories Ltd1292.551035.7
Munjal Auto Industries Ltd823.582.35
Menon Bearings Ltd701.06125.1
Munjal Showa Ltd644.92161.25
Rane Brake Linings Ltd583.68755.1
Majestic Auto Ltd313.02300.5
Jullundur Motor Agency (Delhi) Ltd232.07101.6

Content:

What is Auto Parts Stocks?

Auto parts stocks refer to investments in companies that manufacture or supply components for vehicles. These stocks are part of the automotive industry and can include companies involved in producing anything from engines and transmissions to brakes and electrical systems.

Investing in auto parts stocks offers exposure to the automotive sector’s performance without the risks associated with manufacturing complete vehicles. These companies supply essential components to automakers, repair shops, and consumers. Factors influencing their performance include overall vehicle sales, trends in vehicle maintenance and repair, technological advancements, and regulatory changes.

Moreover, auto parts stocks can be affected by factors such as shifts in consumer preferences, changes in vehicle design and technology, global economic conditions, and supply chain disruptions. Diversification within the auto parts sector, careful analysis of individual companies’ financial health and competitive positioning, and staying informed about industry trends are crucial for successful investing in this segment.

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Best Auto Parts Stocks With High Dividend Yield

The table below shows Best Auto Parts Stocks With High Dividend Yield based on 1 Year Return.

NameClose Price (rs)1Y Return (%)
Banco Products (India) Ltd599.05164.71
Majestic Auto Ltd300.5119.66
Munjal Auto Industries Ltd82.35102.83
Munjal Showa Ltd161.2576.23
Jullundur Motor Agency (Delhi) Ltd101.664.4
India Motor Parts & Accessories Ltd1035.756.84
Menon Bearings Ltd125.120.99
Rane Brake Linings Ltd755.111.46

Top Auto Parts Stocks With High Dividend Yield

The table below shows Top Auto Parts Stocks With High Dividend Yield based on 1 Month Return.

NameClose Price (rs)1M Return (%)
Rane Brake Linings Ltd755.19.79
Menon Bearings Ltd125.17.15
Munjal Auto Industries Ltd82.357.14
Banco Products (India) Ltd599.054.09
Majestic Auto Ltd300.53.39
India Motor Parts & Accessories Ltd1035.71.52
Munjal Showa Ltd161.251.22
Jullundur Motor Agency (Delhi) Ltd101.6-0.35

List Of Auto Parts Stocks With High Dividend Yield

The table below shows a List Of Auto Parts Stocks With High Dividend Yields based on the highest day Volume.

NameClose Price (rs)Daily Volume (Shares)
Munjal Showa Ltd161.2586536
Banco Products (India) Ltd599.0579773
Munjal Auto Industries Ltd82.3548505
Menon Bearings Ltd125.127062
Jullundur Motor Agency (Delhi) Ltd101.615817
Rane Brake Linings Ltd755.17347
Majestic Auto Ltd300.52353
India Motor Parts & Accessories Ltd1035.71493

Best Auto Parts Stocks With High Dividend Yield

The table below shows the Best Auto Parts Stocks With High Dividend Yield based on the PE Ratio.

NameClose Price (rs)PE Ratio (%)
Munjal Auto Industries Ltd82.35193.93
Majestic Auto Ltd300.582.59
Rane Brake Linings Ltd755.117.44
Banco Products (India) Ltd599.0516.39
India Motor Parts & Accessories Ltd1035.715.32
Munjal Showa Ltd161.2514.19
Menon Bearings Ltd125.18.86
Jullundur Motor Agency (Delhi) Ltd101.68.43

Who Should Invest In Auto Parts Stocks With High Dividend Yield?

Investors seeking steady income and lower risk might consider auto parts stocks with high dividend yields. These stocks are suitable for those who prioritize regular income streams over high growth potential, typically appealing to conservative investors or retirees.

Investors with a lower risk tolerance who prefer stable returns rather than aggressive growth should look at these stocks. The auto parts industry often provides consistent dividends, making it attractive for those needing predictable financial planning.

Additionally, retirees or individuals nearing retirement might find these stocks beneficial for generating a passive income. The reliability of dividends from established companies in the auto parts sector can contribute significantly to a retiree’s income sources.

How To Invest In The Auto Parts Stocks With High Dividend Yield?

To invest in auto parts stocks with high dividend yields, start by opening an account with a broker like Alice Blue. Use their tools to research and analyze stocks based on dividend yield, financial stability, and industry performance to identify promising investments.

First, leverage Alice Blue’s investment platform to screen for auto parts stocks that consistently pay high dividends. Look for those with a strong financial foundation and a history of dividend growth. This will ensure that your investment is both safe and potentially profitable.

Next, use Alice Blue’s analytical tools to dive deeper into the financials of these companies. Assess the sustainability of their dividends by examining payout ratios, debt levels, and cash flow. This thorough analysis will help you make informed decisions about which stocks to include in your portfolio.

Performance Metrics Of Auto Parts Stocks With High Dividend Yield

Performance metrics of auto parts stocks with high dividend yields are crucial for investors focusing on a steady income. These metrics often include dividend yield, payout ratio, and earnings growth. Investors look for companies with sustainable dividends supported by strong financial health and stable earnings.

In evaluating these stocks, one should consider the dividend yield, which indicates the percentage of a company’s share price paid to shareholders annually. A high dividend yield suggests attractive returns, but it’s essential to assess its sustainability through the company’s payout ratio, which compares dividends paid to the company’s earnings.

Additionally, the growth in earnings per share (EPS) is a vital metric. For auto parts companies, consistent earnings growth can support ongoing high dividend payouts. This growth is also a sign of a company’s ability to expand and effectively manage challenges in the automotive sector.

Benefits Of Investing In Auto Parts Stocks With High Dividend Yield

The main benefits of investing in auto parts stocks with high dividend yield include regular income through dividends, the potential for long-term capital appreciation, and lower volatility compared to growth stocks. These stocks also offer a hedge against inflation and can contribute to a diversified portfolio.

  • Steady Income Stream: Auto parts stocks with high dividend yields provide a consistent source of income, making them ideal for investors who need regular payouts. The dividends can help smooth out income fluctuations from other investments, offering a reliable cash flow regardless of market conditions.
  • Capital Appreciation Potential: While known for stable dividends, these stocks also offer opportunities for capital growth. The auto parts industry can benefit from innovations and increased demand in the automotive sector, leading to potential stock price increases that enhance overall investment returns.
  • Reduced Volatility: Typically, companies that offer high dividends are well-established and financially stable, which tends to result in lower stock price volatility. Investors looking for safer investment avenues might find these stocks appealing, especially in turbulent market conditions.
  • Inflation Hedge: Dividends can increase over time, which may offset the effects of inflation. Investing in high-dividend-yielding stocks allows your portfolio to potentially keep pace with or exceed inflation, preserving your purchasing power.
  • Portfolio Diversification: Adding auto parts stocks with high dividend yields can diversify an investment portfolio, spreading risk across different sectors and asset classes. This diversification can help reduce overall portfolio risk and enhance long-term financial stability.

Challenges Of Investing In Auto Parts Stocks With High Dividend Yield

The main challenges of investing in auto parts stocks with high dividend yield include exposure to economic downturns, which can reduce car sales and parts demand. Also, high dividends might not be sustainable if a company’s earnings falter, potentially leading to reduced payouts or stock value.

  • Economic Sensitivity: Auto parts stocks are closely tied to the overall health of the economy. During economic downturns, both consumer spending on vehicles and production rates can decline, adversely affecting the profits and dividend capabilities of these companies.
  • Dividend Sustainability Concerns: High dividend yields may not always be sustainable, especially if a company faces financial hardships. An unexpected drop in earnings could force a company to cut dividends, impacting investors relying on this income.
  • Market Competition: The auto parts industry is highly competitive, with constant pressure from both domestic and international companies. This competition can thin profit margins and challenge the growth necessary to support high dividends.
  • Technological Disruptions: Rapid advancements in automotive technology, like electric vehicles and autonomous driving, can disrupt traditional auto parts businesses. Companies slow to adapt may face reduced relevance and profitability.

Introduction to Auto Parts Stocks With High Dividend Yield

Banco Products (India) Ltd

The Market Cap of Banco Products (India) Ltd is ₹4284.32 crore. The monthly return is 164.71% and the one-year return is 4.09%. The stock is 22.52% away from its 52-week high.

Banco Products (India) Limited operates in the engine cooling and sealing systems sector, serving automotive and industrial needs. Its cooling solutions encompass a variety of products like radiators, charged air coolers, and oil coolers in aluminum and copper/brass formats. Additionally, it offers sealing solutions including cylinder head gaskets and industrial gaskets, catering to diverse material requirements and applications.

Furthermore, Banco Products offers a wide range of materials such as multi-layered steel, graphite composite gaskets, and rubber cork gaskets. Its subsidiaries include Banco Gaskets (India) Limited and Nederlands Radiateuren Fabriek B.V., augmenting its capabilities in providing comprehensive solutions for engine cooling and sealing needs.

India Motor Parts & Accessories Ltd

The Market Cap of India Motor Parts & Accessories Ltd is ₹1292.55 crore. Its monthly return stands at 56.84%, and its one-year return is 1.52%. Additionally, the stock is currently 14.8% below its 52-week high.

India Motor Parts & Accessories Limited operates as an Indian firm specializing in wholesaling and distributing automotive spare parts. It serves as a major distributor for a range of motor components including engine parts, brake systems, fasteners, radiators, suspensions, axles, auto electricals, wheels, steering linkages, and instrument clusters. Additionally, its product line encompasses various automotive essentials such as oil seals, gaskets, brake parts, clutch assemblies, fuel system components, transmission gears, radiators, and turbochargers.

The company also offers a comprehensive selection of automotive rubber components, including spokes, nipples, and kits. Known for its diverse inventory, India Motor Parts & Accessories Ltd caters to both automotive and industrial sectors with products designed for various applications. With its broad range and commitment to quality, the company plays a vital role in supplying essential components to keep vehicles and machinery running smoothly.

Munjal Auto Industries Ltd

The Market Cap of Munjal Auto Industries Ltd is ₹823.5 crore. Its monthly return stands at 102.83%, and its one-year return is 7.14%. Moreover, the stock is currently 39.65% below its 52-week high.

Munjal Auto Industries Limited, an Indian diversified engineering firm, specializes in sheet metal and composite manufacturing. With a focus on the automotive, renewable energy, and aerospace sectors, the company produces various components like exhaust mufflers, fuel tanks, and windmill blades. Its subsidiary, Indutch Composites Technology Private Limited, supplements its offerings.

The company operates in two segments: Manufacturing of Auto Components and Manufacturing of Composite Products & Moulds. It caters to industries such as automotive, renewable energy, aerospace, defense, and railways. Munjal Auto Industries Limited stands out for its expertise in producing automotive components like exhaust mufflers and fuel tanks, as well as windmill blades for the renewable energy sector.

Menon Bearings Ltd

The Market Cap of Menon Bearings Ltd amounts to ₹701.06 crore, with a monthly return of 20.99% and a one-year return of 7.15%. Currently, the stock is trading at a 33.01% discount from its 52-week high.

Menon Bearings Limited, an India-based company, specializes in manufacturing auto components. Their diverse product range includes bi-metal engine bearings, bushes, and thrust washers catering to both light and heavy automobile engines, two-wheeler engines, compressors for refrigerators, and air conditioners. Bearing products encompass various types such as those for connecting rods, crankshafts, flanged bearings, and tri-metal bearings.

Moreover, the company offers truncated bushes, ball-indented bushes, and thrust washers with different configurations to suit various engine components like connecting rods, camshafts, rock shafts, and rocker arms. Additionally, they provide aluminum products including engine components, gear case covers, clutch assemblies, cylinder heads, brake parts, engine parts, portable tools, and fuel pump parts among others.

Munjal Showa Ltd

The Market Cap of Munjal Showa Ltd amounts to ₹644.92 crore, showcasing a remarkable monthly return of 76.23% and a modest one-year return of 1.22%. Presently, the stock is positioned at a 31.41% deviation from its 52-week high.

Munjal Showa Limited, an Indian firm, specializes in manufacturing auto components for both two-wheelers and four-wheelers. Its product line comprises front forks, shock absorbers, struts, gas springs, and window balancers, primarily targeting the domestic market. The company supplies shock absorbers to major automobile manufacturers in India, Japan, Germany, the US, and the UK. Its clientele includes Maruti Suzuki, Honda, Hero Honda, Kawasaki Bajaj, Kinetic, and Honda Motorcycles and Scooters India.

The company operates three manufacturing facilities located in Gurugram, Manesar, and Haridwar, covering an area of approximately 24,075 square meters. With a diverse product range, Munjal Showa caters to various vehicle models, including Maruti Suzuki upper-end cars, Honda City, Hero Honda motorcycles, Kawasaki Bajaj motorcycles, Kinetic scooters, and Hero mini-motorcycles and mopeds. It manages two geographical segments: Domestic and Overseas.

Rane Brake Linings Ltd

The Market Cap of Rane Brake Linings Ltd amounts to ₹583.68 crore, with a monthly return of 11.46% and a one-year return of 9.79%. Presently, the stock is positioned 24.75% below its 52-week high.

Rane Brake Linings Limited, an Indian firm, specializes in producing and marketing automotive components for the transportation sector. Their product line includes brake linings, disc pads, clutch facings, buttons, shoes, and railway brake blocks. These items find utility across a spectrum of vehicles like passenger and commercial vehicles, farm tractors, two and three-wheelers, as well as in railways and stationary engines.

The company, Rane Brake Linings Limited, operates in India, focusing on the manufacture and distribution of automotive components tailored for the transportation industry. Its diverse product range encompasses brake linings, disc pads, clutch facings, buttons, shoes, and railway brake blocks. These components serve various segments within the automotive sector, including passenger vehicles, commercial vehicles, farm tractors, two-wheelers, three-wheelers, railways, and stationary engines.

Majestic Auto Ltd

The Market Cap of Majestic Auto Ltd is ₹313.02 crore. Its monthly return stands impressively high at 119.66%, while the one-year return is 3.39%. Presently, the stock is trading at a significant 39.45% below its 52-week high.

Majestic Auto Limited, an Indian firm, primarily offers facility management and rental services. Its facility management spans space and infrastructure, encompassing planning, design, workplace setup, maintenance, and more. Additionally, it handles people and organizational aspects like catering, cleaning, and ICT services. The company also leases office spaces and manufactures electrical motor parts, including die-cast rotors for various applications.

Subsidiaries like Majestic IT Services Limited and Emirates Technologies Private Limited also provide facility management services, complementing the parent company’s offerings.

Jullundur Motor Agency (Delhi) Ltd

The Market Cap of Jullundur Motor Agency (Delhi) Ltd amounts to ₹232.07 crore. It has recorded a monthly return of 64.40%, while the one-year return is slightly negative at -0.35%. Currently, the stock is trading at a 38.48% discount from its 52-week high.

Jullundur Motor Agency (Delhi) Ltd operates as an Indian firm specializing in spare parts distribution. Its core activities revolve around the trading and distribution of automobile components and petroleum products within India. Product offerings include brakes, bearings, clutches, cooling systems, engine components, and more. The company’s extensive network spans 77 branches and seven regional offices, serving approximately 75,000 dealers across various vehicle categories.

The company’s subsidiaries and associate firms, such as JMA Marketing Ltd, Jullundur Auto Sales Corporation Ltd, and ACL Components Ltd, further complement its operations. With a commitment to quality service and a broad product range, Jullundur Motor Agency (Delhi) Ltd plays a vital role in meeting the diverse needs of the automotive industry in India.

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Auto Parts High Dividends Stocks – FAQs

1. Which Are The Best Auto Parts Stocks With High Dividend Yield?

Best Auto Parts Stocks With High Dividend Yield #1: Banco Products (India) Ltd
Best Auto Parts Stocks With High Dividend Yield #2: India Motor Parts & Accessories Ltd
Best Auto Parts Stocks With High Dividend Yield #3: Munjal Auto Industries Ltd
Best Auto Parts Stocks With High Dividend Yield #4: Menon Bearings Ltd
Best Auto Parts Stocks With High Dividend Yield #5: Munjal Showa Ltd

The Top Best Auto Parts Stocks With High Dividend Yield based on market capitalization.

2. What Are The Top Auto Parts Stocks With High Dividend Yield?

The top auto parts stocks with high dividend yield are Banco Products (India) Ltd, India Motor Parts & Accessories Ltd, Munjal Auto Industries Ltd, Menon Bearings Ltd, and Munjal Showa Ltd. These companies offer attractive dividend yields, making them favorable choices for investors seeking income from their investments in the auto parts sector.

3. Can I Invest In Auto Parts Stocks With High Dividend Yield?

Yes, you can invest in auto parts stocks with high dividend yields if you are seeking regular income and potentially lower investment risk. It’s essential to research and ensure these stocks align with your financial goals and risk tolerance before investing.

4. Is It Good To Invest In Auto Parts Stocks With High Dividend Yield? 

Investing in auto parts stocks with high dividend yields can be beneficial for generating steady income and reducing portfolio volatility. However, it’s crucial to assess the sustainability of dividends and the company’s financial health to ensure it aligns with your long-term investment objectives and risk tolerance.

5. How To Invest In Auto Parts Stocks With High Dividend Yield?

To invest in auto parts stocks with high dividend yields using Alice Blue as your broker, start by setting up an account with them. Once your account is active, use their platform to research and evaluate auto parts stocks that offer high dividend yields. Analyze financials and market positions through the tools provided by Alice Blue, and make your investments directly through their trading platform.

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Disclaimer: The above article is written for educational purposes, and the companies’ data mentioned in the article may change with respect to time The securities quoted are exemplary and are not recommendatory.

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