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The Indian market has shown remarkable growth, rising 8.0% in the last week and achieving a 43% increase over the past year, with earnings expected to grow by 16% annually. In this buoyant environment, dividend stocks like ITC can be particularly appealing for their potential to provide investors with steady income alongside capital appreciation.
Top 10 Dividend Stocks In India
| Name | Dividend Yield | Dividend Rating |
| Balmer Lawrie Investments (BSE:532485) | 4.19% | ★★★★★★ |
| Bhansali Engineering Polymers (BSE:500052) | 3.97% | ★★★★★★ |
| D. B (NSEI:DBCORP) | 4.26% | ★★★★★☆ |
| Castrol India (BSE:500870) | 3.66% | ★★★★★☆ |
| ITC (NSEI:ITC) | 3.18% | ★★★★★☆ |
| HCL Technologies (NSEI:HCLTECH) | 3.61% | ★★★★★☆ |
| Indian Oil (NSEI:IOC) | 8.29% | ★★★★★☆ |
| PTC India (NSEI:PTC) | 3.67% | ★★★★★☆ |
| VST Industries (BSE:509966) | 3.39% | ★★★★★☆ |
| Redington (NSEI:REDINGTON) | 3.25% | ★★★★★☆ |
Click here to see the full list of 19 stocks from our Top Dividend Stocks screener.
Underneath we present a selection of stocks filtered out by our screen.
ITC
Simply Wall St Dividend Rating: ★★★★★☆
Overview: ITC Limited operates in various sectors including fast-moving consumer goods, hotels, paperboards and paper, packaging, agriculture, and information technology across India and globally, with a market capitalization of approximately ₹5.41 trillion.
Operations: ITC Limited's revenue is derived from several key segments: FMCG - Cigarettes (₹336.68 billion), FMCG - Others (₹210.02 billion), Agri Business (₹161.24 billion), Paperboards, Paper & Packaging (₹83.44 billion), and Hotels (₹31.03 billion).
Dividend Yield: 3.2%
ITC Limited, a notable player in the Indian market, recently announced a final dividend of INR 7.50 per share for FY 2024, reflecting its consistent dividend policy. The company reported a year-over-year revenue increase to INR 795.68 billion and net income growth to INR 204.59 billion for the full year ended March 2024. Despite these positive earnings trends, concerns arise from its high payout ratio of 83.7% and cash payout ratio of 126.1%, indicating potential stress on future dividend sustainability without adequate cash flow coverage.
PTC India
Simply Wall St Dividend Rating: ★★★★★☆
Overview: PTC India Limited operates in the trading of power across India, Nepal, Bhutan, and Bangladesh, with a market capitalization of approximately ₹60.95 billion.
Operations: PTC India Limited generates revenue primarily through its power trading segment, which contributed ₹160.12 billion, and its financing business, which added ₹7.67 billion.