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Over the last 7 days, the Indian market has risen 1.0%, with notable gains in the Financials and Information Technology sectors of 1.4% and 3.2%, respectively. With a remarkable 45% increase over the past year and earnings expected to grow by 17% per annum, identifying high-yield dividend stocks like Indian Oil can be an effective strategy to enhance your portfolio amidst these favorable conditions.
Top 10 Dividend Stocks In India
| Name | Dividend Yield | Dividend Rating |
| Castrol India (BSE:500870) | 3.04% | ★★★★★★ |
| Balmer Lawrie Investments (BSE:532485) | 3.88% | ★★★★★★ |
| D. B (NSEI:DBCORP) | 5.17% | ★★★★★☆ |
| VST Industries (BSE:509966) | 3.29% | ★★★★★☆ |
| Indian Oil (NSEI:IOC) | 7.83% | ★★★★★☆ |
| Bharat Petroleum (NSEI:BPCL) | 5.86% | ★★★★★☆ |
| NMDC (BSE:526371) | 3.35% | ★★★★★☆ |
| Balmer Lawrie (BSE:523319) | 3.04% | ★★★★★☆ |
| Redington (NSEI:REDINGTON) | 3.12% | ★★★★★☆ |
| PTC India (NSEI:PTC) | 3.65% | ★★★★★☆ |
Click here to see the full list of 16 stocks from our Top Indian Dividend Stocks screener.
Let's review some notable picks from our screened stocks.
Indian Oil
Simply Wall St Dividend Rating: ★★★★★☆
Overview: Indian Oil Corporation Limited, along with its subsidiaries, refines, transports via pipelines, and markets petroleum products both in India and internationally, with a market cap of ₹2.46 trillion.
Operations: Indian Oil Corporation Limited generates revenue primarily from petroleum products (₹8.25 trillion) and petrochemicals (₹262.95 billion).
Dividend Yield: 7.8%
Indian Oil Corporation's dividend payments have grown over the past decade but have been volatile. The company's dividends are well-covered by earnings (payout ratio: 39.6%) and cash flows (cash payout ratio: 56.8%). Despite a high level of debt, IOC's dividend yield is in the top 25% of Indian market payers at 7.83%. Recent news includes a final dividend declaration of ₹7 per share for FY2023-24 and declining Q1 earnings for FY2024-25.
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Delve into the full analysis dividend report here for a deeper understanding of Indian Oil.
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Upon reviewing our latest valuation report, Indian Oil's share price might be too pessimistic.
PTC India
Simply Wall St Dividend Rating: ★★★★★☆
Overview: PTC India Limited, with a market cap of ₹63.25 billion, engages 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, which accounts for ₹159.67 billion, and its financing business, which contributes ₹7.35 billion.
Dividend Yield: 3.7%
PTC India's dividend payments have been volatile over the past decade, though they are well-covered by earnings (payout ratio: 54%) and cash flows (cash payout ratio: 9.4%). The company's recent Q1 FY2025 earnings showed a net income increase to ₹1.74 billion from ₹1.30 billion a year ago, despite slightly lower revenue. PTC's dividend yield is in the top 25% of Indian market payers, and its price-to-earnings ratio of 14x suggests good value compared to the broader market.