Buyback proposal: This Gujarat's PSU with low PE and high dividend yield to consider a buyback proposal! Buyback proposal: This Gujarat's PSU with low PE and high dividend yield to consider a buyback proposal! Additionally, State PSUs with substantial financial clout are encouraged to explore the option of buybacks, promising further intrigue in the financial landscape. Karan Dsij / Sunday, October 22, 2023 / Article rating: 3.7 It trades at a modest price-to-earnings ratio of 10.4x, with a solid return on equity (ROE) of 17.3 per cent. But what truly sets it apart is a generous dividend yield of 4.57 per cent, making it an attractive prospect for discerning investors.