4 Companies With Low Or Zero Debt, High Dividend Yields, Low P/E

Among the few parameters that investors should consider when investing in stocks include companies that are low on debt to equity ratio or have zero debt and good dividend yields, as also low p/e ratio. Having said that sometimes a company could be accorded a low p/e ratio on account of several factors like management track record, high debt, changing business prospects etc. However, a combination of low debt, high dividend yields and low p/e ratio could be ideal to look for in stocks.

Here are a few stocks that fulfil those criteria.

Godawari Power & Ispat

The stock of Godawari Power & Ispat is trading with a very low p/e ratio of 5.29 times. The shares have fallen from 52-week highs of Rs 497 to Rs 345. The debt to equity ratio of the company is small at around 0.13, which is rather negligible. The dividend yield on the stock is around the 3.19%.

Coal India

Coal India gives a dividend yield of around 8%, which is as good as interest rates earned on bank deposits. The price to earnings ratio of the stock is around 5 times and the company's debt is almost negligible. The shares of the company are trading at around Rs 208 and have fallen in recent times. This is one company that is looked upon for its good dividend yields. Assured business prospects also leave assured dividends.

Cosmo First

This company too has a low p/e ratio of around 5 times, but, the debt to equity ratio is 0.69 times, which is not exactly low. Interestingly, the stock has fallen from levels of Rs 1407 to Rs 573. The stock last year declared a dividend of Rs 35 per share, taking the dividend yields to as high as 6%, based on the current market price.

SUN TV Network

Most media stocks have cracked in the last few quarters as advertisement revenues dwindle. In line, SUN TV too has seen its share price fall. This is a zero debt company, with a price to earnings ratio of just 9.70 times. The dividend yield is not as high as Cosmo First or Coal India, but is slightly more than 3%.

Disclaimer

Please note, that the above stocks are not a buy, sell or hold recommendation. We have given information to readers on stocks that are low on debt to equity ratio or have zero debt and solid dividend yields. Neither the author, nor Greynium Information Technologies Pvt Ltd, should be held responsible for losses based on the above article.