In This Article:
The Indian stock market has shown robust growth with a 45% increase over the past year, while remaining stable in the last week. In this dynamic environment, dividend stocks that can potentially offer steady returns and align with projected earnings growth of 16% per annum might be particularly appealing to investors looking for both stability and growth.
Top 10 Dividend Stocks In India
| Name | Dividend Yield | Dividend Rating |
| Balmer Lawrie Investments (BSE:532485) | 3.84% | ★★★★★★ |
| D. B (NSEI:DBCORP) | 3.53% | ★★★★★☆ |
| Gulf Oil Lubricants India (NSEI:GULFOILLUB) | 3.29% | ★★★★★☆ |
| HCL Technologies (NSEI:HCLTECH) | 3.31% | ★★★★★☆ |
| Indian Oil (NSEI:IOC) | 8.20% | ★★★★★☆ |
| Bharat Petroleum (NSEI:BPCL) | 6.65% | ★★★★★☆ |
| VST Industries (BSE:509966) | 3.59% | ★★★★★☆ |
| Oil and Natural Gas (NSEI:ONGC) | 3.80% | ★★★★★☆ |
| PTC India (NSEI:PTC) | 3.54% | ★★★★★☆ |
| Swaraj Engines (NSEI:SWARAJENG) | 3.32% | ★★★★☆☆ |
Click here to see the full list of 15 stocks from our Top Indian Dividend Stocks screener.
Let's explore several standout options from the results in the screener.
Bharat Petroleum
Simply Wall St Dividend Rating: ★★★★★☆
Overview: Bharat Petroleum Corporation Limited, operating in India, focuses on refining crude oil and marketing petroleum products, with a market capitalization of approximately ₹1.37 trillion.
Operations: Bharat Petroleum's revenue is primarily derived from its Downstream Petroleum segment, which generated ₹50.68 billion, and a smaller contribution from its Exploration & Production of Hydrocarbons segment at ₹1.88 billion.
Dividend Yield: 6.6%
Bharat Petroleum (BPCL) offers a dividend yield of 6.65%, ranking in the top 25% of Indian dividend payers. Despite its attractive yield, BPCL's dividends have shown volatility over the past decade. The company maintains a low payout ratio of 33.3% and cash payout ratio of 34.6%, indicating that dividends are well-covered by earnings and cash flow, respectively. However, BPCL faces challenges with an unstable dividend track record and high debt levels, alongside an expected decline in earnings by an average of 31.8% annually over the next three years.
Coal India
Simply Wall St Dividend Rating: ★★★★☆☆
Overview: Coal India Limited, along with its subsidiaries, engages in the production and marketing of coal and coal products across India, boasting a market capitalization of approximately ₹3.16 trillion.
Operations: Coal India Limited generates revenue primarily from its coal mining and services segment, amounting to approximately ₹13.03 billion.