High Dividend Yield Pipe Stocks under Rs 1000

The table below shows the high dividend yield pipe stocks under Rs 1000 based on the Highest Market Capitalization.

What Are The High Dividend Yield Pipe Stocks under ₹1000?

High dividend yield pipe stocks under ₹1,000 refer to shares of companies in the pipe manufacturing sector that offer substantial dividend payouts relative to their share price. These stocks are attractive to investors looking for regular income through dividends while investing in an industry critical to infrastructure, construction, water supply, and oil and gas sectors.  

Features Of High Dividend Yield Pipe Stocks under Rs 1000

The feature of high dividend yield pipe stocks under Rs 1000 is their ability to provide consistent dividend income while being moderately priced, making them an attractive option for investors seeking a balance between income and growth.

1. Moderate Affordability: Priced under Rs 1000, these pipe stocks are accessible to a wide range of investors, offering a balance between affordability and exposure to the growing infrastructure sector.
2. High Dividend Yields: These stocks typically offer attractive dividend yields, ensuring a steady income stream, which is particularly appealing for investors looking for regular returns.
3. Strong Demand: The consistent and growing demand for pipes in sectors like construction, agriculture, and water management supports stable revenues, enabling companies to maintain regular dividend payouts.
4. Expansion Opportunities: These stocks often have significant growth potential due to increasing infrastructure development and urbanization, providing opportunities for capital appreciation alongside dividend income.
5. Diversified Product Range: Many pipe companies produce a variety of products for different industries, which helps mitigate risks and ensures steady cash flows, supporting their ability to pay consistent dividends.

Best High Dividend Yield Pipe Stocks under Rs 1000

The table below shows the best high dividend yield pipe stocks under Rs 1000 based on the highest day Volume.

Top High Dividend Yield Pipe Stocks under Rs 1000 in India

The table below shows the top high dividend yield pipe stocks under Rs 1000 in India based on 1 Year Return. 

Factors To Consider When Investing In High Dividend Yield Pipe Stocks under ₹1000

The factors to consider when investing in high dividend yield pipe stocks under ₹1000 include assessing the company’s financial stability, market demand for its products, and the sustainability of its dividend payouts.

1. Dividend History: Examine the company’s track record of paying consistent and reliable dividends over time, which indicates financial stability.
2. Financial Health: Analyze the company’s financial statements, focusing on its cash flow, debt levels, and profitability to ensure it can sustain dividend payments.
3. Market Position: Consider the company’s market share and competitive advantage in the pipe manufacturing industry, as this impacts long-term growth and dividend potential.
4. Raw Material Costs: Understand the impact of raw material prices, such as steel or plastic, on the company’s margins and ability to maintain high dividends.
5. Regulatory Environment: Be aware of government regulations and environmental policies that may affect the pipe industry and influence the company’s profitability and dividend payouts.

How To Invest In High Dividend Yield Pipe Stocks under Rs 1000?

To invest in high dividend yield pipe stocks under Rs 1000, start by researching companies within this price range that have a solid dividend history. Open a trading account with a reputable broker like alice blue, complete the KYC process, and then use the platform to purchase shares of the selected stocks.

Advantages Of Investing In High Dividend Yield Pipe Stocks under 1000

The primary advantage of investing in high dividend yield pipe stocks under ₹1000 is the potential for regular dividend income, providing a steady cash flow along with potential capital appreciation.

1. Affordable Entry Point: Stocks under ₹1000 allow investors to enter the market with a lower initial investment, making it accessible for retail investors.
2. Steady Income: High dividend yield stocks provide a reliable income stream, ideal for investors seeking regular returns from their investments.
3. Industry Stability: The pipe industry often experiences stable demand, especially in infrastructure and construction, leading to consistent earnings and dividend payouts.
4. Potential for Growth: Besides dividends, these stocks may offer capital appreciation as the company grows and expands its market share.
5. Diversification: Investing in pipe stocks adds sectoral diversification to a portfolio, reducing overall risk by spreading investments across different industries.

Risks Of Investing In High Dividend Yield Pipe Stocks under Rs 1000

The main risk of investing in high dividend yield pipe stocks under Rs 1000 is the possibility of dividend cuts during economic downturns or due to fluctuations in raw material costs, which can impact overall returns.

1. Volatility in Raw Material Prices: Fluctuations in the cost of raw materials like steel or plastic can affect profit margins, leading to potential dividend cuts.
2. Economic Cycles: The pipe industry is sensitive to economic cycles, with demand dropping during downturns, which can impact earnings and dividend payments.
3. Dividend Sustainability: Companies may prioritize reinvestment or debt repayment over dividends during challenging times, affecting expected income.
4. Market Competition: Intense competition within the industry may pressure profit margins and the ability to maintain high dividend yields.
5. Regulatory Risks: Changes in environmental regulations or government policies could increase operational costs, negatively impacting profitability and dividend payments.

Introduction to High Dividend Yield Pipe Stocks under Rs 1000

Jindal SAW Ltd

The Market Cap of Jindal SAW Ltd is Rs. 20,700.62 crores. The stock’s monthly return is 17.09%. Its one-year return is 93.41%. The stock is 6.40% away from its 52-week high.

Jindal Saw Limited, a company based in India, specializes in manufacturing and supplying iron and steel pipes and pellets. The company has manufacturing facilities in India, the United States, and the United Arab Emirates.

The company is organized into segments including Iron & Steel, Waterways Logistics, and Others. The Iron & Steel segment focuses on producing iron and steel pipes and pellets, while the Waterways Logistics segment is involved in inland and ocean shipping. The Others segment encompasses call centre and information technology services.  

Finolex Industries Ltd

The Market Cap of Finolex Industries Ltd is Rs. 19,195.56 crores. The stock’s monthly return is -5.24%. Its one-year return is 54.38%. The stock is 23.30% away from its 52-week high.

Finolex Industries Limited, an India-based manufacturer, is involved in the production of PVC pipes and fittings, as well as a variety of irrigation components. The company operates under two main segments: PVC and PVC pipes and fittings. 

Their products come in a range of sizes, pressure classes, and diameters suitable for different applications, with a focus on plumbing sanitation and agriculture. This includes ASTM pipes and fittings, CPVC pipes and fittings, SWR pipes and fittings, as well as sewerage pipes and various solvent cement products.  

Electrosteel Castings Ltd

The Market Cap of Electrosteel Castings Ltd is Rs. 13,292.82 crores. The stock’s monthly return is 16.03%. Its one-year return is 247.66%. The stock is 13.60% away from its 52-week high.

Electrosteel Castings Limited, an Indian company, specializes in providing pipeline solutions. The company manufactures a range of products including ductile iron (DI) pipes, ductile iron fittings (DIF), and cast iron (CI) pipes. 

They also offer products like ductile iron flange pipes, restrained joint pipes, and cement and ferroalloys. Operating primarily in the pipes and fittings segment, Electrosteel’s DI pipes and DIF are utilized for various purposes such as water transmission and distribution, desalination plants, stormwater drainage systems, and sewage treatment plants. The company’s manufacturing facilities are located at five different sites in India.  

Maharashtra Seamless Ltd

The Market Cap of Maharashtra Seamless Ltd is Rs. 8,565.23 crores. The stock’s monthly return is -2.02%. Its one-year return is 27.21%. The stock is 77.64% away from its 52-week high.

Maharashtra Seamless Limited is an India-based company that specializes in the manufacture of steel pipes and tubes. The company operates across various segments, including Steel Pipes & Tubes, Power Electricity, and RIG. 

Using CPE technology, they produce a wide range of seamless pipes and tubes. Their product offerings include electric resistance welding (ERW) pipes, such as mild steel (MS) and galvanized pipes, American Petroleum Institute (API) line pipes, and oil country tubular goods (OTCG) casing tubing.  

Man Industries (India) Ltd

The Market Cap of Man Industries (India) Ltd is Rs. 2862.91 crores. The stock’s monthly return is -2.09%. Its one-year return is 183.70%. The stock is 23.98% away from its 52-week high.

Man Industries (India) Limited is an Indian company involved in the manufacturing, processing, and trading of submerged arc-welded pipes and steel products. 

The company provides longitudinal submerged arc welded line pipes for various industries, such as oil, gas, petrochemicals, and dredging, as well as helically submerged arc welded line pipes for applications in oil and gas transportation, water supply, sewerage, agriculture, and construction, including high-pressure uses.  

Shankara Building Products Ltd

The Market Cap of Shankara Building Products Ltd is Rs. 1611.61 crore. The stock’s monthly return is -6.81%. Its one-year return is -10.15%. The stock is 43.11% away from its 52-week high.

Shankara Building Products Limited, trading as Shankara Build Pro, is a comprehensive marketplace for home improvement and construction materials in India. The Company serves Retail, Channel, and Enterprise sectors with a wide range of building products. 

It reaches customers in urban and semi-urban areas through a mix of retail channels and advanced logistics. The product range includes structural steel, cement, pipes, roofing solutions, welding accessories, primers, solar heaters, plumbing, tiles, sanitary ware, water tanks, plywood, kitchen sinks, lighting, and more.  

Prakash Pipes Ltd

The Market Cap of Prakash Pipes Ltd is Rs. 1194.96 crores. The stock’s monthly return is 3.44%. Its one-year return is 104.26%. The stock is 14.33% away from its 52-week high.

Prakash Pipes Limited is an India-based company engaged in manufacturing polyvinyl chloride (PVC) pipes and fittings under the Prakash brand. It operates through two segments: PVC pipes and fittings, and Flexible Packaging. 

The PVC pipes and fittings division includes unplasticized polyvinyl chloride (uPVC) pipes, plumbing pipes, casing pipes, chlorinated polyvinyl chloride (CPVC) pipes, column pipes, garden pipes, SWR (soil, waste, and rain) pipes (selfit & ringfit), plumbing uPVC pipes, fittings, and water tanks.  

Sicagen India Ltd

The Market Cap of Sicagen India Ltd is Rs. 262.00 crore. The stock’s monthly return is 0.39%. Its one-year return is 51.56%. The stock is 26.25% away from its 52-week high.

Sicagen India Ltd is a leading provider in the pipe stocks sector, specializing in the distribution of a wide range of pipes and related products. The company serves various industries, including infrastructure, construction, and water management. Sicagen India Ltd is known for its extensive product portfolio, including steel, PVC, and ductile iron pipes, supporting major infrastructure projects across India.

Hisar Metal Industries Ltd

The Market Cap of Hisar Metal Industries Ltd is Rs. 108.04 crore. The stock’s monthly return is -1.85%. Its one-year return is 7.10%. The stock is 32.81% away from its 52-week high.

Hisar Metal Industries Ltd is a prominent player in the pipe stocks sector, known for manufacturing and distributing a wide range of metal pipes and tubes. Established with a strong focus on quality and innovation, the company serves various industries, including construction, infrastructure, and manufacturing. 

It is recognized for its robust production capabilities and commitment to sustainability. Hisar Metal Industries Ltd consistently delivers high-quality products that meet international standards, making it a trusted name in the metal pipe industry. The company continues to expand its market presence, driven by customer satisfaction and technological advancements.

Dutron Polymers Ltd

The market capitalization of Dutron Polymers Ltd is Rs 102.84 crore. The stock’s monthly return is -8.24%. Its one-year return is 29.76%. The stock is 39.49% away from its 52-week high.

Dutron Polymers Limited specializes in the production of a variety of plastic pipes and fittings. The company operates a manufacturing facility in Kheda, Gujarat. 

Their product range includes high-density polyethene (HDPE), polyvinyl chloride (PVC), and chlorinated polyvinyl chloride (CPVC) pipes and fittings that are utilized in agriculture, industrial applications, construction projects, and infrastructure development.

Top High Dividend Yield Pipe Stocks under Rs 1000 – FAQs

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.