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The Indian stock market has shown robust performance, rising 2.7% in the last week and an impressive 44% over the past 12 months, with earnings expected to grow by 16% annually. In this buoyant environment, dividend stocks can be particularly appealing for investors looking for steady income combined with potential capital appreciation.
Top 10 Dividend Stocks In India
| Name | Dividend Yield | Dividend Rating |
| Balmer Lawrie Investments (BSE:532485) | 4.27% | ★★★★★★ |
| Bhansali Engineering Polymers (BSE:500052) | 4.15% | ★★★★★★ |
| D. B (NSEI:DBCORP) | 4.24% | ★★★★★☆ |
| Castrol India (BSE:500870) | 3.71% | ★★★★★☆ |
| ITC (NSEI:ITC) | 3.15% | ★★★★★☆ |
| HCL Technologies (NSEI:HCLTECH) | 3.66% | ★★★★★☆ |
| Indian Oil (NSEI:IOC) | 8.47% | ★★★★★☆ |
| PTC India (NSEI:PTC) | 3.83% | ★★★★★☆ |
| VST Industries (BSE:509966) | 3.46% | ★★★★★☆ |
| Redington (NSEI:REDINGTON) | 3.31% | ★★★★★☆ |
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.
HCL Technologies
Simply Wall St Dividend Rating: ★★★★★☆
Overview: HCL Technologies Limited, a global company, provides software development, business process outsourcing, and infrastructure management services with a market cap of approximately ₹3.88 trillion.
Operations: HCL Technologies generates revenue primarily through three segments: HCL Software at $1.41 billion, IT and Business Services at $9.80 billion, and Engineering and R&D Services at $2.12 billion.
Dividend Yield: 3.7%
HCL Technologies, a significant player in the IT services industry, declared an interim dividend of INR 18 per share for FY 2024-2025. This announcement followed a year where HCLTech reported a revenue increase to US$13.27 billion and net income growth to US$1.90 billion. Despite these positive figures, the company's dividend history has been marked by volatility over the last decade, raising questions about the reliability of its dividends despite reasonable coverage by earnings and cash flows (payout ratio at 89.1% and cash payout ratio at 65.1%). Additionally, HCLTech's recent integration with Google Cloud's Gemini models signals robust strategic positioning but does not directly influence immediate dividend stability or growth prospects.
Redington
Simply Wall St Dividend Rating: ★★★★★☆
Overview: Redington Limited operates as a provider of supply chain solutions both in India and internationally, with a market capitalization of approximately ₹163.23 billion.