Dividend ki Lottery Lag Gayi!
Jaise hi fiscal year end hone wala hai, kai top Indian companies ne shareholders ko 'dividend' dekar surprise kar diya hai. Is list mein Coal India, Hindustan Aeronautics (HAL), Oil India, ONGC, Precision Wires India, Torrent Pharmaceuticals, Alkem Laboratories, IRCTC, PFC, aur SJVN jaise naam hain. Ye sab companies apne acche Q3 results aur strong performance ke baad shareholders ko reward kar rahi hain.
HAL ne sabse bada interim dividend diya hai, ₹25 per share. Coal India ne ₹5.5 per share diya hai. Precision Wires India ne bhi ₹0.35 per share announce kiya hai. Bahut saari companies ke liye record dates February 18th aur 20th ke aas paas hain, aur payment March tak ho jayegi.
Ye Dividend Kahan se aa rahe hain?
Simply kahun toh, companies ka performance kamaal ka raha hai aur unke paas cash flow bhi accha hai. Isi liye woh apne investors ko benefit dena chahte hain. Coal India, jo ki ek PSU hai, ne apna teesra interim dividend ₹5.5 diya, jisse uska dividend yield lagbhag 6.24% ho gaya hai. Defence sector mein HAL bhi peeche nahi hai, ₹25 ka dividend dekar usne sabka dil jeet liya. Energy sector ke bade players Oil India aur ONGC ne bhi shareholders ko ₹7 aur ₹6.25 per share ka dividend diya hai.
Pharma sector mein bhi Torrent Pharmaceuticals ne ₹29 aur Alkem Laboratories ne ₹43 per share ka dividend diya hai. Indian pharma sector se FY2026 mein 7-9% revenue growth ki ummeed hai, lekin US market mein thoda struggle hai.
ONGC ka P/E ratio around 8.7-9.0 hai aur dividend yield 4.51% ke aas paas hai, jo energy sector mein ek accha option bana raha hai. PFC ka P/E ratio 7.2 se kam hai aur dividend yield 3.8% hai.
Stock Valuation ka Game
Defence sector ki HAL ₹31-32 ke P/E par trade kar rahi hai, jo uske huge order book ₹94,129 crore ko dekh kar justified lagta hai. Precision Wires India ka P/E ratio toh 41.99 se 43.56 ke beech hai, matlab growth stock ya premium valuation.
Pharma sector mein Torrent Pharmaceuticals ₹58-62 ke high P/E par hai, jo uske strong ROE 26% ko dikhata hai, par agar growth expectations poori nahi hui toh risk hai. Alkem Laboratories 26-27 ke P/E par hai aur uska ROE 19-20% hai. IRCTC ka P/E 34-36 hai, jo market mein uski strong perception dikhata hai.
Kya Dividend Hi Sab Kuch Hai?
Brokerage firms keh rahi hain ki companies ko shareholder returns aur future growth ke liye reinvestment ke beech balance banana hoga. Especially Torrent Pharma aur Precision Wires India jaise stocks jinhe high P/E par trade kar rahe hain, unme caution ki zarurat hai. Agar growth expectations poori nahi hui toh sharp correction aa sakta hai.
PSUs jaise Coal India, ONGC, aur HAL ke liye dividend government revenue ka bhi source hai. Overall, companies apni cash generation par confident hain. Investors ko companies ki balance sheet, debt levels aur future investment plans par nazar rakhni chahiye.