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In the last week, the Indian market has stayed flat, but over the past 12 months, it has risen by an impressive 40%, with earnings forecast to grow by 17% annually. In such a promising environment, dividend stocks like Bharat Petroleum and others can offer investors a combination of income and potential growth, making them worth considering for those looking to capitalize on India's robust market trajectory.
Top 10 Dividend Stocks In India
| Name | Dividend Yield | Dividend Rating |
| Castrol India (BSE:500870) | 3.62% | ★★★★★★ |
| Balmer Lawrie Investments (BSE:532485) | 4.67% | ★★★★★★ |
| D. B (NSEI:DBCORP) | 5.09% | ★★★★★☆ |
| Indian Oil (NSEI:IOC) | 8.52% | ★★★★★☆ |
| VST Industries (BSE:509966) | 3.64% | ★★★★★☆ |
| Redington (NSEI:REDINGTON) | 3.56% | ★★★★★☆ |
| Balmer Lawrie (BSE:523319) | 3.32% | ★★★★★☆ |
| Canara Bank (NSEI:CANBK) | 3.14% | ★★★★★☆ |
| PTC India (NSEI:PTC) | 4.16% | ★★★★★☆ |
| Bank of Baroda (NSEI:BANKBARODA) | 3.14% | ★★★★★☆ |
Click here to see the full list of 20 stocks from our Top Indian Dividend Stocks screener.
Underneath we present a selection of stocks filtered out by our screen.
Bharat Petroleum
Simply Wall St Dividend Rating: ★★★★★☆
Overview: Bharat Petroleum Corporation Limited is involved in refining crude oil and marketing petroleum products both in India and internationally, with a market cap of ₹1.49 trillion.
Operations: Bharat Petroleum Corporation Limited's revenue primarily stems from its Downstream Petroleum segment, which generated ₹5.07 billion, and its Exploration & Production of Hydrocarbons segment, contributing ₹1.92 million.
Dividend Yield: 6.1%
Bharat Petroleum Corporation Limited (BPCL) offers a compelling dividend profile with a low payout ratio of 33.3%, ensuring dividends are well-covered by earnings and cash flows. Despite its volatile dividend history, BPCL's yield is among the top 25% in India at 6.13%. The company's Price-To-Earnings ratio of 7.8x indicates good value compared to the broader market. Recent strategic moves into renewable energy and green hydrogen sectors may enhance long-term growth prospects despite current earnings challenges.
PTC India
Simply Wall St Dividend Rating: ★★★★★☆
Overview: PTC India Limited, with a market cap of ₹55.51 billion, operates in the trading of power across India, Nepal, Bhutan, and Bangladesh through its subsidiaries.
Operations: PTC India Limited generates revenue primarily from its power trading segment, amounting to ₹159.67 billion, and its financing business, contributing ₹7.35 billion.