High Dividend Yield Auto Parts Stocks under Rs 500

The table below shows the high dividend yield auto parts stocks under Rs 500 based on the Highest Market Capitalization.

What Are The High Dividend Yield Auto Parts Stocks under Rs 500?

High dividend yield auto parts stocks under Rs 500 refer to companies in the auto parts sector whose share prices are below Rs 500 and offer relatively high dividend payouts compared to their stock price. These stocks are attractive to investors seeking steady income through dividends while investing in the growing automotive industry. 

Features Of High Dividend Yield Auto Parts Stocks under Rs 500

The feature of high dividend yield auto parts stocks under Rs 500 is their potential to provide a steady income stream through dividends while being accessible to a broad range of investors. 

1. Affordability: Stocks priced under Rs 500 offer a cost-effective entry point for individual investors.
2. Industry Stability: The auto parts sector benefits from steady demand, leading to reliable earnings and dividends.
3. Consistent Income: High dividend yields ensure a steady income stream, appealing to income-focused investors.
4. Growth Potential: Auto parts companies may benefit from ongoing developments in the automotive industry, providing opportunities for capital appreciation.
5. Defensive Investment: These stocks often act as defensive investments, performing well even during economic downturns due to the essential nature of their products.

Best High Dividend Yield Auto Parts Stocks under Rs 500

The table below shows the best high dividend yield auto parts stocks under Rs 500 based on the highest day Volume.

Top High Dividend Yield Auto Parts Stocks under Rs 500 in India

The table below shows the top high dividend yield auto parts stocks under Rs 500 in India based on 1-Year Return. 

Factors To Consider When Investing In High Dividend Yield Auto Parts Stocks under Rs 500

The factors to evaluate when investing in auto parts stocks with high dividend yields under Rs 500 involve assessing both financial stability and industry trends. 

1. Financial Health: Analyze the company’s balance sheet and cash flow to ensure it can sustain high dividends without compromising growth.
2. Dividend History: Review the company’s history of paying dividends to assess consistency and reliability, indicating long-term stability.
3. Industry Position: Consider the company’s competitive position within the auto parts industry to gauge potential for growth and market share expansion.
4. Market Trends: Evaluate broader market trends in the automotive sector, such as the shift to electric vehicles, which may impact future profitability.
5. Valuation Metrics: Compare the stock’s price-to-earnings (P/E) ratio and other valuation metrics to peers to determine if it is reasonably priced for its dividend yield.

How To Invest In High Dividend Yield Auto Parts Stocks under Rs 500?

To invest in high dividend yield auto parts stocks under Rs 500, research companies with a solid financial background, consistent dividend history, and strong market position. Open a brokerage account online, such as through Alice Blue, complete the KYC process, and begin trading. Diversify your portfolio to minimize risks.

Advantages Of Investing In High Dividend Yield Auto Parts Stocks under Rs 500

The primary advantage of investing in high dividend yield auto parts stocks under Rs 500 is the potential for steady income through dividends while benefiting from capital appreciation as the company grows.

1. Potential for Capital Growth: Stocks under Rs 500 may have growth potential, offering the possibility of capital appreciation alongside dividends.
2. Affordability: Lower stock prices allow investors to accumulate more shares, potentially increasing overall dividend income.
3. Dividend Reinvestment: Reinvesting dividends can compound returns over time, enhancing long-term wealth creation.
4. Tax Efficiency: Dividend income often benefits from favorable tax treatment, which can enhance after-tax returns for investors.
5. Steady Income: High dividend yields offer regular income, making these stocks attractive for investors seeking cash flow.

Risks Of Investing In High Dividend Yield Auto Parts Stocks under Rs 500

The main risk of investing in high dividend yield auto parts stocks under Rs 500 is the potential for lower quality or financially unstable companies, which may cut dividends or lose value.

1. Dividend Cuts: Companies facing financial difficulties may reduce or eliminate dividends, impacting expected returns.
2. Market Volatility: Stocks under Rs 500 can be more volatile, leading to significant price fluctuations and potential capital loss.
3. Limited Growth: High dividend payouts may indicate limited reinvestment in business growth, potentially capping future capital appreciation.
4. Sector-Specific Risks: The auto parts industry can be cyclical, with demand closely tied to broader economic conditions, affecting stock performance.
5. Regulatory Risks: Changes in regulations, especially regarding environmental policies, can impact the auto industry and affect the profitability of auto parts companies.

Introduction to High Dividend Yield Auto Parts Stocks under Rs 500

Gabriel India Ltd

The Market Cap of Gabriel India Ltd is Rs 7141.98 crore. The stock’s monthly return is 0.65%. Its one-year return is 129.28%. The stock is 11.02% away from its 52-week high.

Gabriel India Limited is an auto component company based in India, specializing in manufacturing ride control components like shock absorbers, struts, and front forks. 

The company is involved in trading auto components and operates across various sectors, including two- and three-wheelers, passenger cars, commercial vehicles, railways, and aftermarkets.  

Jamna Auto Industries Ltd

The market capitalization of Jamna Auto Industries Ltd is Rs. 5574.09 crores. The stock’s monthly return is 9.24%. Its one-year return is 17.69%. The stock is 14.46% away from its 52-week high.

Jamna Auto Industries Limited, an India-based company, specializes in producing a variety of parts and accessories for motor vehicles. The company focuses on manufacturing automotive suspension components such as parabolic and tapered leaf springs, lift axles, air suspension systems, stabilizer bars, and bushes. 

It operates manufacturing facilities in Malanpur, Chennai, Yamuna Nagar, Jamshedpur, Hosur, Pillaipakkam, and Pune. Its product range includes Conventional Leaf Springs, Parabolic Leaf Springs, Bus Air Suspensions, Trailer Air Suspensions, and Trailer Mechanical Suspensions.  

Federal-Mogul Goetze (India) Ltd

The Market Cap of Federal-Mogul Goetze (India) Ltd is Rs. 2408.87 crore. The stock’s monthly return is 0.89%. Its one-year return is 17.54%. The stock is 10.41% away from its 52-week high.

Federal-Mogul Goetze (India) Limited, an India-based company, specializes in the manufacturing, supplying, and distribution of automotive components for two/three/four-wheeler vehicles. 

The company’s main focus is on producing and trading auto components such as piston rings, pistons, cylinder liners, and sintered metal products. They offer a variety of piston rings for various vehicles including motorcycles, tractors, passenger cars, SUVs, commercial vehicles, locomotives, stationary engines, and industrial equipment.  

Precision Camshafts Ltd

The Market Cap of Precision Camshafts Ltd is Rs. 1859.73 crore. The stock’s monthly return is -0.13%. Its one-year return is -28.10%. The stock is 75.99% away from its 52-week high.

Precision Camshafts Limited is an Indian company specializing in the production and sale of camshaft castings and machined camshafts for the automotive and railway industries. 

The company operates in both domestic and international markets, offering a wide range of products such as camshafts, balancer shafts, injector components, and other specialized automotive and non-automotive parts tailored to meet the needs of original equipment manufacturers worldwide.  

Saint-Gobain Sekurit India Ltd

The Market Cap of Saint-Gobain Sekurit India Ltd is Rs. 1355.65 crore. The stock’s monthly return is 5.57%. Its one-year return is 33.25%. The stock is 10.44% away from its 52-week high.

Saint-Gobain Sekurit India Limited is an Indian company specializing in the manufacturing and sale of automotive glass products. The company primarily produces laminated and tempered automotive glass, with a focus on manufacturing windshields for cars. 

While windshields are laminated, other products like backlites and sidelites are tempered. Saint-Gobain Sekurit India Limited serves customers in the three-wheeler, passenger vehicle, and commercial vehicle sectors, targeting both private-sector clients and the automotive aftermarket.  

Jay Bharat Maruti Ltd

The Market Cap of Jay Bharat Maruti Ltd is Rs. 1267.82 crores. The stock’s monthly return is 7.01%. Its one-year return is -10.51%. The stock is 22.95% away from its 52-week high.

Jay Bharat Maruti Limited is an Indian company specializing in the production of sheet metal components, rear axles, muffler assemblies, fuel necks, and tools and dies for motor vehicles, along with components and spare parts. 

The company manufactures various auto components and assemblies for passenger cars, such as Body-in-White (BIW) parts, exhaust systems, fuel fillers (fuel pipes), and suspension parts. Its manufacturing plants are situated at various locations including Gurgaon and Manesar in Haryana, as well as in Vithlapur, Gujarat.  

Munjal Auto Industries Ltd

The Market Cap of Munjal Auto Industries Ltd is Rs. 1088.90 crore. The stock’s monthly return is 20.33%. Its one-year return is 79.95%. The stock is 16.97% away from its 52-week high.

Munjal Auto Industries Limited is an engineering company based in India that specializes in manufacturing sheet metal and composite products, molds, components, and assemblies. The company operates in two main segments: Auto Components Manufacturing and Composite Products & Moulds Manufacturing.

It produces a wide range of components and assemblies for various industries, such as automotive, renewable energy, aerospace, defense, space, railways, and other engineering sectors. In the automotive sector, the company manufactures items like exhaust mufflers, fuel tanks, rims, and automotive body parts.

Menon Bearings Ltd

The Market Cap of Menon Bearings Ltd is Rs. 746.90 crores. The stock’s monthly return is -0.69%. Its one-year return is -6.65%. The stock is 31.35% away from its 52-week high.

Menon Bearings Limited, an Indian company, is involved in the manufacturing of auto components. The company produces a range of products such as bi-metal engine bearings, bushes, and thrust washers for both light and heavy automobile engines, two-wheeler engines, compressors for refrigerators, air conditioners, and more.

Their bearing offerings include products for connecting rods, crankshafts, flanged bearings, and tri-metal bearings. Additionally, the company provides truncated bushes, ball-indented bushes, and various types of thrust washers for connecting rods, camshafts, rock shafts, and rocker arms.  

Munjal Showa Ltd

The Market Cap of Munjal Showa Ltd is Rs. 709.20 crore. The stock’s monthly return is 11.30%. Its one-year return is 20.78%. The stock is 30.68% away from its 52-week high.

Munjal Showa Limited, an India-based company, functions as a subsidiary and produces automotive components for both the two-wheeler and four-wheeler industries. 

Among its main offerings are front forks, shock absorbers, struts, gas springs, and window balancers primarily for the domestic market. The company supplies shock absorbers to prominent automobile manufacturers in India, Japan, Germany, the United States, and the United Kingdom, as well as other developed markets.  

Indag Rubber Ltd

The Market Cap of Indag Rubber Ltd is Rs. 645.62 crores. The stock’s monthly return is 2.29%. Its one-year return is 51.03%. The stock is 21.40% away from its 52-week high.

Indag Rubber Limited is an Indian company specializing in the manufacturing and sale of Precured Tread Rubber and related products. 

They focus on producing precision tread rubber, Bonding Repair and Extrusion Gum, and Rubber Cement used for tire retreading services. The company also manufactures un-vulcanized rubber strip gum, universal spray cement, and full-skirt tire envelopes for the tire retreading industry. 

Top High Dividend Yield Auto Parts Stocks under Rs 500 – FAQs

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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.