08-31-2023
High India dividend stocks: Publicly traded companies ordered by their dividend yield ( 1.79% average)
As shown above, Vedanta (Industrial Metals and Mining) - Hind. Zinc-B1 (Industrial Metals and Mining) - Coal India (Mining) - are the companies that currently pay a higher dividend in India, offering yields of - 38.10% - 19.33% - 10.54% - respectively.
Finally, there are also other India stocks that offer a very interesting dividend yield such as - Oil India Ltd (Oil and Gas Producers) - Embassy Office Parks (Real Estate Investment Trusts) - Gail India (Oil and Gas Producers) - Rural Electrificatio (Electricity) - .
Coming up next, we show the full list of the highest India dividend yielding stocks, including their dividend return and payout.
Company | Dividend | Payout | P/E | ROE | Sector |
Vedanta | 38.10% | 304.79% | 8.0 | 20.6% | Industrial Metals and Mining |
Hind. Zinc-B1 | 19.33% | 253.19% | 13.1 | 43.5% | Industrial Metals and Mining |
Coal India | 10.54% | 52.71% | 5.0 | 56.5% | Mining |
Oil India Ltd | 7.32% | 24.89% | 3.4 | 25.4% | Oil and Gas Producers |
Embassy Office Parks | 7.13% | 287.45% | 40.3 | 2.9% | Real Estate Investment Trusts |
Gail India | 6.96% | 93.24% | 13.4 | 8.7% | Oil and Gas Producers |
Rural Electrificatio | 6.54% | 36.63% | 5.6 | 20.6% | Electricity |
Oil & Natural Gas | 6.46% | 40.05% | 6.2 | 13.2% | Oil and Gas Producers |
Power Grid Corp of I | 6.03% | 66.35% | 11.0 | 19.5% | Electricity |
Hindustan Petroleum | 5.64% | -28.76% | -5.1 | -18.8% | Oil and Gas Producers |
Oracle Financial Ser | 5.48% | 107.96% | 19.7 | 24.8% | Software and Computer Services |
NMDC | 5.36% | 34.32% | 6.4 | 19.4% | Mining |
Power Finance | 5.09% | 21.88% | 4.3 | 20.4% | Financial Services |
Castrol | 4.49% | 78.60% | 17.5 | 46.3% | Chemicals |
HCL Technology Ltd | 4.10% | 77.49% | 18.9 | 26.4% | Software and Computer Services |
Indraprastha Gas | 3.96% | 79.18% | 20.0 | 21.1% | Gas Water and Multiutilities |
Canara Bank | 3.75% | 19.51% | 5.2 | 15.2% | Banks |
Nippon Life India | 3.69% | 98.54% | 26.7 | 20.9% | Financial Services |
NHPC | 3.69% | 46.84% | 12.7 | 11.0% | Electricity |
Steel Auth of India | 3.58% | 61.67% | 17.2 | 4.0% | Industrial Metals and Mining |
Union Bank Of India | 3.49% | 24.10% | 6.9 | 11.4% | Banks |
Hero MotoCorp | 3.43% | 69.29% | 20.2 | 17.7% | Automobiles and Parts |
Indian Oil | 3.37% | 42.08% | 12.5 | 7.4% | Oil and Gas Producers |
Muthoot Finance | 3.33% | 46.62% | 14.0 | 17.9% | Financial Services |
NTPC | 3.29% | 41.48% | 12.6 | 12.0% | Electricity |
Bajaj Auto Limited | 3.03% | 65.14% | 21.5 | 20.5% | Automobiles and Parts |
Bank of Baroda | 2.94% | 19.10% | 6.5 | 15.1% | Banks |
Piramal Enterprises | 2.94% | 7.35% | 2.5 | 30.0% | Pharmaceuticals and Biotechnology |
Tata Steel | 2.93% | 47.75% | 16.3 | 8.4% | Industrial Metals and Mining |
ITC | 2.90% | 82.05% | 28.3 | 29.3% | Tobacco |
Britannia Industries | 2.88% | 133.34% | 46.3 | 76.3% | Food Producers |
Indian Railway Finan | 2.85% | 29.61% | 10.4 | 14.7% | Industrial Transportation |
Bayer Cropscience | 2.70% | 76.95% | 28.5 | 29.0% | Chemicals |
Tech Mahindra | 2.66% | 54.53% | 20.5 | 20.9% | Software and Computer Services |
Sun TV Network | 2.63% | 31.30% | 11.9 | 23.5% | Media |
Bosch | 2.58% | 99.07% | 38.4 | 13.1% | Automobiles and Parts |
Infosys | 2.37% | 57.35% | 24.2 | 32.6% | Software and Computer Services |
Emami | 2.29% | 68.47% | 29.9 | 35.3% | Personal Goods |
GlaxoSmithKline Phar | 2.24% | 87.37% | 39.0 | 28.2% | Pharmaceuticals and Biotechnology |
Mphasis | 2.06% | 55.61% | 27.0 | 22.8% | Software and Computer Services |
Mahindra & Mahindra | 2.02% | 35.54% | 17.6 | 11.8% | Financial Services |
Colgate (India) | 2.01% | 101.32% | 50.4 | 60.7% | Personal Goods |
State Bank of India | 2.01% | 18.09% | 9.0 | 16.7% | Banks |
LIC Housing Finance | 2.01% | 16.08% | 8.0 | 11.2% | Financial Services |
Torrent Power | 1.98% | 28.92% | 14.6 | 20.6% | Electricity |
HDFC Asset Management | 1.90% | 71.64% | 37.7 | 24.5% | Financial Services |
Shriram Transport Fi | 1.82% | 20.57% | 11.3 | 18.3% | Financial Services |
Container Corporatio | 1.78% | 61.96% | 34.8 | 10.7% | Industrial Transportation |
UPL | 1.69% | 16.22% | 9.6 | 19.0% | Chemicals |
Bajaj Holdings & Inv | 1.65% | 28.21% | 17.1 | 11.1% | Financial Services |
L&T Finance Holdings | 1.60% | 29.15% | 18.2 | 8.2% | Financial Services |
Hindustan Unilever | 1.56% | 90.48% | 58.0 | 20.4% | Personal Goods |
Wipro | 1.47% | 27.03% | 18.4 | 16.9% | Software and Computer Services |
Cummins India | 1.46% | 55.91% | 38.3 | 22.7% | Automobiles and Parts |
Tata Consultancy Ser | 1.46% | 42.05% | 28.8 | 47.5% | Software and Computer Services |
Hindustan Aeronautic | 1.41% | 27.07% | 19.2 | 31.8% | Aerospace and Defense |
Ashok Leyland | 1.41% | 51.80% | 36.8 | 18.5% | Industrial Engineering |
Petronet LNG | 1.39% | 13.47% | 9.7 | 23.0% | Oil and Gas Producers |
Bharat Electronics | 1.35% | 43.69% | 32.3 | 23.1% | Aerospace and Defense |
Coforge | 1.28% | 52.10% | 40.7 | 28.2% | Software and Computer Services |
TORRENT PHARMACEUTIC | 1.19% | 43.08% | 36.2 | 28.3% | Pharmaceuticals and Biotechnology |
Bharat Petro Corp | 1.17% | 37.06% | 31.7 | 4.4% | Oil and Gas Producers |
Tata Communications | 1.17% | 28.08% | 24.0 | 0.0% | Fixed Line Telecommunications |
Larsen & Toubro Info | 1.16% | 39.32% | 33.9 | 35.7% | Software and Computer Services |
LTIMindtree | 1.16% | 39.32% | 33.9 | 35.7% | Software and Computer Services |
Zee Entertainment En | 1.14% | 0.00% | 0.0 | 0.4% | Media |
Eicher Motors | 1.11% | 33.64% | 30.3 | 21.8% | Industrial Engineering |
Coromandel Internati | 1.10% | 17.49% | 15.9 | 28.2% | Chemicals |
Punjab National Bank | 1.03% | 21.38% | 20.7 | 3.3% | Banks |
Mahindra&Mahindra | 1.03% | 16.69% | 16.2 | 22.4% | Industrial Engineering |
Sun Pharmaceuticals | 1.03% | 32.45% | 31.5 | 16.3% | Pharmaceuticals and Biotechnology |
Tata Consumer Produc | 1.01% | 59.83% | 59.2 | 8.3% | Beverages |
Nestle India | 1.01% | 89.59% | 88.7 | 0.0% | Food Producers |
Cadila Healthcare | 0.96% | 29.39% | 30.6 | 12.0% | Pharmaceuticals and Biotechnology |
Dabur India Ltd | 0.94% | 52.95% | 56.3 | 20.1% | Personal Goods |
Maruti Suzuki India | 0.90% | 32.31% | 35.9 | 14.4% | Automobiles and Parts |
Aurobindo Pharmaceutical | 0.90% | 18.72% | 20.8 | 9.1% | Pharmaceuticals and Biotechnology |
Larsen & Toubro | 0.89% | 29.45% | 33.1 | 13.3% | Construction and Materials |
Divis Laboratories | 0.84% | 43.85% | 52.2 | 14.9% | Pharmaceuticals and Biotechnology |
Tata Elxsi | 0.84% | 49.82% | 59.3 | 41.3% | Software and Computer Services |
ICICI Bank | 0.83% | 16.36% | 19.7 | 17.2% | Banks |
Indian Railway Cater | 0.82% | 43.70% | 53.3 | 46.2% | Travel and Leisure |
Tata Power | 0.82% | 18.53% | 22.6 | 13.6% | Electricity |
Aarti Industries | 0.81% | 26.46% | 32.7 | 10.1% | Chemicals |
Bata India | 0.80% | 52.98% | 66.2 | 20.2% | Personal Goods |
MARICO | 0.79% | 44.38% | 56.2 | 36.7% | Personal Goods |
DLF | 0.79% | 48.24% | 61.1 | 5.5% | Real Estate Investment and Services |
Asian Paints | 0.79% | 59.63% | 75.5 | 27.8% | Construction and Materials |
ICICI Lombard Gral Insur. | 0.76% | 26.89% | 35.4 | 18.7% | Nonlife Insurance |
EXIDE INDUSTRIES | 0.75% | 20.16% | 26.9 | 7.8% | Automobiles and Parts |
Persistent Systems | 0.74% | 28.64% | 38.7 | 28.5% | Software and Computer Services |
Dr Reddys Labs | 0.71% | 13.49% | 19.0 | 23.3% | Pharmaceuticals and Biotechnology |
Balkrishna Industries | 0.69% | 29.33% | 42.5 | 14.6% | Automobiles and Parts |
Federal Bank | 0.69% | 7.36% | 10.7 | 15.3% | Banks |
Alkem Laboratories | 0.69% | 29.61% | 42.9 | 11.5% | Pharmaceuticals and Biotechnology |
Motherson Sumi Syste | 0.68% | 23.30% | 34.3 | 8.8% | Automobiles and Parts |
Cipla | 0.68% | 22.16% | 32.6 | 14.1% | Pharmaceuticals and Biotechnology |
Page Industries | 0.66% | 51.68% | 78.3 | 46.5% | Personal Goods |
Bandhan Bank | 0.65% | 10.96% | 16.9 | 11.9% | Banks |
Bharat Forge-A | 0.65% | 58.73% | 90.3 | 8.3% | Industrial Engineering |
Hindalco | 0.65% | 6.11% | 9.4 | 12.7% | Industrial Metals and Mining |
RBL Bank | 0.63% | 8.80% | 14.0 | 7.9% | Banks |
Adani Ports and Spec | 0.63% | 18.58% | 29.5 | 13.9% | Industrial Transportation |
TVS Motor | 0.62% | 27.33% | 44.1 | 30.9% | Industrial Engineering |
Ambuja Cements | 0.58% | 24.20% | 41.8 | 6.4% | Construction and Materials |
Biocon | 0.58% | 23.77% | 41.1 | 5.7% | Pharmaceuticals and Biotechnology |
JSW Energy Ltd. | 0.57% | 21.65% | 38.0 | 8.4% | Electricity |
Grasim Industries | 0.56% | 8.85% | 15.8 | 9.7% | Construction and Materials |
Indah Kiat Pulp & Paper | 0.55% | 2.15% | 3.9 | 16.5% | Forestry and Paper |
Kansai Nerolac Paints | 0.54% | 29.80% | 55.1 | 11.3% | Construction and Materials |
Havells India | 0.54% | 42.67% | 79.0 | 17.4% | Electronic and Electrical Equipment |
Laurus Labs | 0.50% | 13.56% | 27.1 | 21.5% | Pharmaceuticals and Biotechnology |
United Breweries | 0.49% | 0.00% | 0.0 | 7.8% | Beverages |
Voltas-A | 0.49% | 0.00% | 0.0 | 2.5% | Industrial Engineering |
Bharti Airtel | 0.47% | 13.83% | 29.4 | 22.5% | Mobile Telecommunications |
ACC | 0.46% | 25.31% | 55.0 | 4.8% | Construction and Materials |
UltraTech Cement | 0.46% | 20.93% | 45.5 | 10.0% | Construction and Materials |
Berger Paints India | 0.45% | 36.29% | 80.7 | 20.5% | Construction and Materials |
JSW Steel | 0.44% | 19.31% | 43.9 | 6.5% | Industrial Metals and Mining |
Pidilite Industries | 0.44% | 42.87% | 97.4 | 19.3% | Chemicals |
Info Edge India | 0.44% | 0.00% | 0.0 | -0.6% | Media |
Dalmia Bharat | 0.43% | 12.30% | 28.6 | 8.7% | Construction and Materials |
Bajaj Finance | 0.42% | 15.62% | 37.2 | 23.8% | Financial Services |
Shree Cements | 0.42% | 28.26% | 67.3 | 7.1% | Construction and Materials |
Reliance Industries | 0.37% | 9.03% | 24.4 | 8.9% | Oil and Gas Producers |
Oberoi Realty | 0.36% | 7.71% | 21.4 | 16.8% | Real Estate Investment and Services |
Lupin | 0.36% | 27.99% | 77.8 | 5.2% | Pharmaceuticals and Biotechnology |
SBI Life Insurance | 0.35% | 26.29% | 75.2 | 14.1% | Life Insurance |
CG Power and Industr | 0.35% | 23.29% | 66.7 | 70.4% | Industrial Engineering |
Deepak Nitrite | 0.34% | 12.01% | 35.3 | 23.1% | Chemicals |
Bharat Heavy Elect . | 0.33% | 28.37% | 85.9 | 1.8% | Industrial Engineering |
Tata Motors | 0.33% | 5.27% | 16.0 | 32.0% | Industrial Engineering |
Glenmark Pharmaceuti | 0.33% | 24.03% | 72.8 | 3.2% | Pharmaceuticals and Biotechnology |
Titan | 0.32% | 26.87% | 84.0 | 31.0% | Personal Goods |
Whirlpool of India | 0.31% | 27.22% | 87.9 | 6.9% | Household Goods and Home Constr. |
SBI Cards And Paymen | 0.31% | 10.35% | 33.4 | 26.3% | Financial Services |
SRF | 0.31% | 9.99% | 32.2 | 23.0% | Chemicals |
Apollo Hospitals Ent | 0.31% | 24.95% | 80.5 | 14.5% | Health Care Equip. and Services |
HDFC Standard Life Insur. | 0.29% | 28.73% | 99.0 | 9.8% | Life Insurance |
Jindal Steel & Power | 0.29% | 9.92% | 34.1 | 5.4% | Industrial Metals and Mining |
PI Industries | 0.28% | 12.41% | 44.3 | 18.6% | Food Producers |
Siemens India | 0.25% | 21.61% | 86.4 | 14.7% | Electronic and Electrical Equipment |
Indian Hotels | 0.24% | 14.09% | 58.7 | 13.5% | Travel and Leisure |
Jubilant Foodworks | 0.23% | 20.67% | 89.6 | 18.9% | Travel and Leisure |
Rajesh Exports | 0.20% | 2.06% | 10.3 | 10.5% | Personal Goods |
Cholamandalam Invest | 0.18% | 6.19% | 34.4 | 20.5% | Financial Services |
MRF | 0.16% | 9.49% | 59.3 | 5.4% | Automobiles and Parts |
Astral | 0.16% | 0.00% | 0.0 | 19.4% | Construction and Materials |
AU Small Finance Bank | 0.14% | 4.72% | 33.8 | 15.4% | Banks |
ABB India | 0.13% | 11.87% | 91.2 | 22.7% | Industrial Engineering |
Tube Invest. of India | 0.12% | 6.13% | 51.1 | 31.2% | Industrial Metals and Mining |
ICICI Prudential Life Insur. | 0.11% | 10.56% | 96.1 | 9.0% | Life Insurance |
TRENT LTD | 0.11% | 0.00% | 0.0 | 18.1% | Food and Drug Retailers |
Axis Bank | 0.10% | 2.76% | 27.7 | 8.7% | Banks |
Adani Enterprises | 0.05% | 0.00% | 0.0 | 10.0% | Support Services |
Adani Gas | 0.04% | 0.00% | 0.0 | 20.5% | Support Services |
United Spirits | 0.00% | 0.00% | 63.4 | 21.1% | Beverages |
Godrej Industries | 0.00% | 0.00% | 18.2 | 13.1% | Food Producers |
Godrej Consumer Prod | 0.00% | 0.00% | 59.4 | 13.7% | Personal Goods |
IDFC Bank | 0.00% | 0.00% | 23.3 | 11.3% | Banks |
General Insurance Co | 0.00% | 0.00% | 5.5 | 21.3% | Nonlife Insurance |
Mangalore Refinery & | 0.00% | 0.00% | 6.3 | 31.1% | Oil and Gas Producers |
Max Healthcare Insti | 0.00% | 0.00% | 49.5 | 16.9% | Health Care Equip. and Services |
Avenue Supermarts | 0.00% | 0.00% | 0.0 | 16.0% | Food and Drug Retailers |
InterGlobe Aviation | 0.00% | 0.00% | 0.0 | 0.0% | Travel and Leisure |
Bharti Infratel | 0.00% | 0.00% | 22.9 | 9.5% | Mobile Telecommunications |
Idea Cellular | 0.00% | 0.00% | -2.1 | 0.0% | Mobile Telecommunications |
Adani Power | 0.00% | 0.00% | 11.5 | 44.6% | Electricity |
GMR Infrastructure | 0.00% | 0.00% | 0.0 | 0.0% | Electricity |
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