1. Indian Oil Corporation Ltd ( Dividend Yield: 13.85 %)

About the Company: IOCL is Indias Maharatna national oil company with business interests straddling the entire hydrocarbon value chain from Refining, Pipeline Transportation and Marketing of Petroleum Products to Research & Development, Exploration & Production, Marketing of Natural Gas and Petrochemicals.

Sector: Oil & Gas Exploration and Production

Overall Fundamental health: Strong

• Book Value: 129.80 | Stock P/E: 8.51 | ROCE: 22.19 % | ROE: 20.53 % | Free cash flow 5years: 125,343 Cr.|Debt: 65,650 Cr.. | Net worth: 113,874 Cr. | Reserves: 104,395 Cr. | Interest Coverage: 6.17 | Debt to equity: 0.58 | Pledged percentage: 0.00 % | Current ratio: 0.90 | Quick ratio: 0.30
  
• 09 out of 28 major indicators show that this stock is BEARISH on charts.
  

2. Vedanta Ltd ( Dividend Yield: 12.45 %)

About the Company: Vedanta is principally engaged in the exploration, production, and sale of aluminum, iron ore, copper, commercial power and oil and gas. It is the largest mining and non-ferrous metals company in India and has mining operations in Australia and Zambia[2] and oil and gas operations in three countries.

Sector: Minings and Minerals

Overall Fundamental health: Strong

• Book Value: 182.86 | Stock P/E: 8.62 | ROCE: 16.39 % | ROE: 12.11 % | Free cash flow 5years: 53,954 Cr. | Debt: 58,159 Cr. | Net worth: 63,508 Cr. | Reserves: 63,136 Cr. | Interest Coverage: 3.56 | Debt to equity: 0.92 | Pledged percentage: 0.00 % | Current ratio: 0.88 | Quick ratio: 0.71
  
• 19 out of 28 major indicators show that this stock is BEARISH on charts.
  

3. National Aluminium Company Ltd ( Dividend Yield: 10.81%)

About the Company: National Aluminium is engaged in the business of manufacturing and selling of Alumina and Aluminium.

Sector: Aluminum

Overall Fundamental health: Strong

• Book Value: 61.64 | Stock P/E: 5.81 | ROCE: 11.56 % | ROE: 6.94 % | Free cash flow 5years: 2,226 Cr. | Debt: 44.99 Cr.| Net worth: 10,505 Cr. | Reserves: 9,538 Cr. | Interest Coverage: 1,140 | Debt to equity: 0 | Pledged percentage: 0.00 % | Current ratio: 1.38 | Quick ratio: 1.07
  
• 19 out of 28 major indicators show that this stock is BEARISH on charts.
  

4. SJVN Ltd ( Dividend Yield: 8.99%)

About the Company: SJVN is the principal business activity Electricity generation of the company. The company is also engaged in the business of providing consultancy.

Sector: Electric Utilities

Overall Fundamental health: Strong

• Book Value: 28.80 | Stock P/E: 8.53 | ROCE: 12.67 % | ROE: 8.53 % | Free cash flow 5years: 6,221 Cr. | Debt: 2,231 Cr.| Net worth: 10,695 Cr.. | Reserves: 6,765 Cr. | Interest Coverage: 6.15 | Debt to equity: 0.21 | Pledged percentage: 0.00 % | Current ratio: 8.36 | Quick ratio: 8.27
  
• 10 out of 28 major indicators show that this stock is BEARISH on charts.
  

5. Coal India Ltd ( Dividend Yield: 6.60%)

About the Company: Coal India is mainly engaged in mining and production of Coal and also operates Coal washeries. The company contributes to around 82% of the coal production in India.

Sector: Energy

Overall Fundamental health: Strong

• Book Value: 44.24 | Stock P/E: 12.19 | ROE: 31.62 % | ROCE: 45.55 % | Free cash flow 5years: 47,774 Cr. | Debt: 1,538 Cr.| Net worth: 19,847 Cr. | Reserves: 13,639 Cr. | Interest Coverage: 68.77 | Debt to equity: 0.08 | Pledged percentage: 0.00 % | Current ratio: 1.45 | Quick ratio: 1.32
  
• 14 out of 28 major indicators show that this stock is BULLISH on charts.
  

Fun facts: 1) Ingersoll Rand India Limited announced a whopping 202 Rs/ per share special dividend on 10/05/2018 when it was trading at 650 Rs.

2) Hindustan Zinc Ltd. announced 2375% dividend between 2016–17.

Learn Fundamental Analysis in Detail here
Learn Technical Analysis in Detail here

Important Suggestions:

1. There are 5 companies (Chennai Petro (7.19%), PFC (6.62%), NHPC (6.19%), REC (6.13%), BSE (6%)) between SJVN and Coal India but I skipped them all as Coal India is a better option compared to them and its Dividend Yield decreased because of its last dividend performance.
   
2. Never use high brokerage demat account for your investments in India.
   Use 0 brokerage demat accounts like Upstox
   
3. There are other points in the fundamental analysis which I didn’t cover.
   
4. Consult only SEBI Registered investment Advisors for your investment.
   You can hire one here
   
5. Learn to analyze the stocks before investing (In case you aren’t hiring an advisor.)
   

Thanks!