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Top 10 High Dividend Stocks Under ₹500 in India — Top 100 List

Of the 1,652 companies priced under ₹500 in India on PositoAI, 738 pay a dividend. First on the list is IL&FS Investment Managers Limited (15.23%). The median among them is 0.72%. None of the top 10 has an active red or yellow flag.

A low share price does not make a stock cheap: what matters is the company's value compared with its earnings and assets (P/E, P/B). Very low-priced stocks are often small, thinly traded and more volatile. Prices are the last close.

Positivity ScoreHigh dividendDebt freeLow debtLow PEBelow book valueHigh ROEHigh ROE + low PENo red flagsNo red or yellow flagsFundamentally strongNear 52-week lowNear 52-week highHigh score near 52-week lowHigh score near 52-week high
#Company Score Price Market Cap
(INR Cr)		 P/E P/B Owes vs
Owns		 ROE Div
Yield		 FlagSector
1 IL&FS Investment Managers LimitedIVC 23,916 ₹7.54 ₹236 50.3 1.24 0.13× 2.5% 15.23% — Financial Services
2 Majestic Auto LimitedMAJESAUT 25,060 ₹363.05 ₹377 3.9 0.56 0.04× 14.5% 13.71% — Real Estate
3 Crizac LimitedCRIZAC 24,904 ₹142.72 ₹2,497 11.3 4.27 0.32× 37.7% 10.57% — Consumer Defensive
4 Vedanta LimitedVEDL 25,098 ₹234.85 ₹91,704 9.9 2.25 0.71× 18.7% 10.23% — Basic Materials
5 Altius Telecom Infrastructure TrustALTIUSINVIT 14,343 ₹171.00 ₹52,110 41.5 4.54 0.84× 10.9% 9.32% — Real Estate
6 KSE LimitedKSE 21,814 ₹173.32 ₹554 11.9 1.59 0.16× 13.3% 8.52% — Consumer Defensive
7 GOCL Corporation LimitedGOCLCORP 24,753 ₹340.05 ₹1,685 6.2 0.54 0.12× 8.6% 8.39% — Basic Materials
8 Vibrant Global Capital LimitedVGCL 24,299 ₹49.76 ₹113 4.2 0.68 0.30× 15.5% 8.00% — Financial Services
9 Radiant Cash Management Services LimitedRADIANTCMS 24,113 ₹31.74 ₹338 10.8 1.22 0.46× 11.3% 7.45% — Industrials
10 Hindustan Petroleum Corporation LimitedHINDPETRO 23,394 ₹340.80 ₹72,516 43.4 1.11 0.68× 2.5% 7.44% — Energy

Top 20

11 PTC India LimitedPTC 22,978 ₹140.64 ₹4,163 8.2 0.70 0.44× 8.5% 7.43% — Utilities
12 Bharat Petroleum Corporation LimitedBPCL 23,293 ₹286.95 ₹1,22,601 7.2 1.22 0.60× 17.1% 6.95% — Energy
13 Oil and Natural Gas Corporation LimitedONGC 23,884 ₹225.00 ₹2,83,056 6.5 0.76 0.48× 11.7% 6.55% — Energy
14 Coal India LimitedCOALINDIA 23,182 ₹402.55 ₹2,48,080 8.0 2.08 0.58× 26.2% 6.44% — Energy
15 Castrol India LimitedCASTROLIND 18,028 ₹197.38 ₹19,523 18.4 10.23 0.51× 57.0% 6.42% — Energy
16 D-Link (India) LimitedDLINKINDIA 22,958 ₹399.55 ₹1,418 13.2 2.81 0.38× 21.2% 6.29% — Technology
17 Chemcon Speciality Chemicals LimitedCHEMCON 24,259 ₹202.28 ₹740 26.3 1.53 0.15× 5.8% 6.13% — Basic Materials
18 ITC LimitedITC 20,678 ₹258.90 ₹3,24,415 16.3 4.47 0.22× 27.4% 6.02% — Consumer Defensive
19 MOIL LimitedMOIL 24,909 ₹220.75 ₹4,491 14.8 1.66 0.15× 11.2% 6.01% — Basic Materials
20 Gujarat Pipavav Port LimitedGPPL 22,088 ₹160.72 ₹7,769 13.9 3.25 0.21× 23.7% 5.96% — Industrials

Top 50

21 VST Industries LimitedVSTIND 22,637 ₹199.02 ₹3,374 12.1 2.33 0.28× 19.3% 5.96% — Consumer Defensive
22 Gujarat Intrux LimitedGUJINTRX 22,721 ₹430.25 ₹147 14.1 2.25 0.09× 16.2% 5.86% — Basic Materials
23 R Systems International LimitedRSYSTEMS 23,498 ₹253.40 ₹3,002 16.3 2.73 0.39× 17.3% 5.83% — Technology
24 Ksolves India LimitedKSOLVES 14,876 ₹243.56 ₹577 15.6 19.66 0.53× 126.2% 5.78% — Technology
25 HeidelbergCement India LimitedHEIDELBERG 24,751 ₹122.98 ₹2,786 23.9 2.03 0.44× 8.5% 5.63% — Basic Materials
26 RITES LimitedRITES 23,330 ₹196.09 ₹9,424 22.6 3.51 0.53× 15.6% 5.54% — Industrials
27 Balmer Lawrie & Co. Ltd.BALMLAWRIE 21,553 ₹152.59 ₹2,609 9.3 1.26 0.38× 13.5% 5.41% — Industrials
28 Aptech LimitedAPTECHT 23,724 ₹81.06 ₹470 19.2 1.89 0.42× 9.8% 5.30% — Consumer Defensive
29 Wipro LimitedWIPRO 23,912 ₹190.41 ₹1,88,380 15.1 2.43 0.41× 16.1% 4.92% — Technology
30 Steel City Securities LimitedSTEELCITY 24,657 ₹77.93 ₹117 6.9 0.85 0.42× 12.4% 4.91% — Financial Services
31 Power Finance Corporation LimitedPFC 19,130 ₹326.90 ₹1,07,880 4.1 0.75 0.85× 18.2% 4.76% — Financial Services
32 Abirami Financial Services (India) LimitedABIRAFN 24,510 ₹33.31 ₹17 37.0 0.92 0.03× 2.5% 4.58% — Financial Services
33 REC LimitedRECLTD 17,682 ₹301.10 ₹79,286 5.0 0.93 0.87× 19.0% 4.53% — Financial Services
34 CESC LimitedCESC 22,565 ₹129.96 ₹17,227 11.1 1.37 0.72× 12.4% 4.50% — Utilities
35 Vedanta Aluminium Metal LimitedVAML -937,329,469 ₹359.40 ₹1,40,315 36.6 -1874627.00 4.90× — 4.50% — Basic Materials
36 Saraswati Saree Depot LimitedSSDL 24,947 ₹59.85 ₹237 10.0 1.22 0.32× 12.6% 4.49% — Consumer Cyclical
37 General Insurance Corporation of IndiaGICRE 24,887 ₹319.65 ₹56,079 6.3 0.76 0.66× 9.1% 4.24% — Financial Services
38 BMW Ventures LimitedBMWVENTLTD 23,220 ₹66.36 ₹575 12.6 1.30 0.41× 10.4% 4.20% — Basic Materials
39 D. B. Corp LimitedDBCORP 25,557 ₹153.88 ₹2,742 7.8 1.13 0.24× 14.5% 4.05% — Communication Services
40 Sri KPR Industries LimitedSRIKPRIND 24,778 ₹25.00 — 7.6 0.39 0.09× 5.3% 4.00% — Industrials
41 Gujarat Energy LimitedGUJENERGY 24,363 ₹218.13 ₹20,465 9.8 1.11 0.32× 11.4% 3.98% — Utilities
42 NTPC LimitedNTPC 22,377 ₹302.60 ₹2,93,421 10.6 1.44 0.62× 13.7% 3.96% — Utilities
43 Gateway Distriparks LimitedGATEWAY 22,962 ₹47.31 ₹2,363 9.7 1.03 0.28× 10.6% 3.92% — Industrials
44 Indian Energy Exchange LimitedIEX 19,340 ₹104.00 ₹9,248 18.2 6.78 0.44× 37.4% 3.82% — Financial Services
45 Advani Hotels & Resorts (India) LimitedADVANIHOTR 24,008 ₹46.63 ₹431 18.8 0.84 0.05× 4.4% 3.79% — Consumer Cyclical
46 Cravatex LimitedCRAVATEX 24,593 ₹330.00 ₹85 9.9 0.71 0.18× 7.2% 3.76% — Consumer Cyclical
47 Housing and Urban Development Corporation LimitedHUDCO 18,770 ₹151.77 ₹30,382 7.1 1.38 0.87× 19.4% 3.76% — Financial Services
48 Munjal Showa LimitedMUNJALSHOW 24,266 ₹116.84 ₹467 18.8 0.69 0.22× 3.7% 3.71% — Consumer Cyclical
49 Indus Towers LimitedINDUSTOWER 22,337 ₹381.85 ₹1,00,701 14.1 2.43 0.44× 18.9% 3.68% — Communication Services
50 SIS LimitedSIS 23,148 ₹379.85 ₹5,278 36.2 2.07 0.67× 5.8% 3.68% — Industrials

Top 100

51 Repco Home Finance LimitedREPCOHOME 20,783 ₹313.20 ₹1,959 4.1 0.48 0.75× 11.9% 3.64% — Financial Services
52 GTPL Hathway LimitedGTPL 25,747 ₹54.63 ₹614 81.5 0.54 0.61× 0.7% 3.61% — Communication Services
53 Power Grid Corporation of India LimitedPOWERGRID 21,559 ₹248.40 ₹2,31,026 14.5 2.30 0.66× 15.8% 3.61% — Utilities
54 Bank of Baroda LimitedBANKBARODA 23,621 ₹236.42 ₹1,22,261 6.7 0.73 0.92× 11.3% 3.60% — Financial Services
55 Vardhman Acrylics LimitedVARDHACRLC 24,052 ₹41.60 ₹334 4.1 1.32 0.26× 32.1% 3.52% — Consumer Cyclical
56 Canara BankCANBK 23,332 ₹120.94 ₹1,09,700 5.5 0.89 0.94× 16.9% 3.51% — Financial Services
57 Rashtriya Chemicals and Fertilizers LimitedRCF 24,551 ₹97.61 ₹5,385 12.1 1.05 0.69× 8.7% 3.50% — Basic Materials
58 GIC Housing Finance LimitedGICHSGFIN 19,759 ₹126.66 ₹682 4.3 0.32 0.81× 7.5% 3.48% — Financial Services
59 Bank of IndiaBANKINDIA 23,586 ₹136.20 ₹62,007 5.3 0.68 0.92× 13.7% 3.46% — Financial Services
60 GPT Infraprojects LimitedGPTINFRA 23,228 ₹114.90 ₹1,451 14.7 2.41 0.57× 16.3% 3.43% — Industrials
61 Petronet LNG LimitedPETRONET 22,459 ₹290.40 ₹43,560 10.3 1.95 0.19× 18.9% 3.43% — Energy
62 Gujarat State Fertilizers & Chemicals LimitedGSFC 23,839 ₹137.20 ₹5,467 7.9 0.45 0.15× 5.7% 3.39% — Basic Materials
63 Federal-Mogul Goetze (India) LimitedFMGOETZE 24,694 ₹440.70 ₹2,451 14.4 1.71 0.25× 11.9% 3.38% — Consumer Cyclical
64 Xchanging Solutions LimitedXCHANGING 25,239 ₹57.04 ₹635 10.4 1.60 0.24× 15.3% 3.33% — Technology
65 Central Bank of IndiaCENTRALBK 24,765 ₹30.01 ₹27,163 6.0 0.66 0.93× 11.6% 3.32% — Financial Services
66 GAIL (India) LimitedGAIL 22,652 ₹168.49 ₹1,10,783 11.2 1.24 0.36× 11.1% 3.30% — Utilities
67 Sonata Software LimitedSONATSOFTW 21,998 ₹239.75 ₹6,636 14.3 3.48 0.63× 24.3% 3.30% — Technology
68 Ganesh Consumer Products LimitedGANESHCP 24,941 ₹160.93 ₹650 14.3 1.76 0.18× 12.2% 3.29% — Consumer Defensive
69 Kuantum Papers LimitedKUANTUM 24,776 ₹68.32 ₹596 16.5 0.49 0.49× 2.9% 3.29% — Basic Materials
70 Southern Petrochemical Industries Corporation LimitedSPIC 24,189 ₹56.47 ₹1,149 5.6 0.84 0.45× 15.0% 3.27% — Basic Materials
71 La Opala RG LimitedLAOPALA 24,590 ₹144.71 ₹1,606 17.2 1.96 0.08× 11.3% 3.23% — Consumer Cyclical
72 Rubfila International LimitedRUBFILA 24,719 ₹54.04 ₹293 11.1 0.93 0.17× 8.4% 3.23% — Basic Materials
73 Standard Industries LimitedSIL 22,243 ₹17.99 ₹115 1.9 1.01 0.40× 53.8% 3.22% — Consumer Cyclical
74 Chambal Fertilisers and Chemicals LimitedCHAMBLFERT 23,881 ₹374.15 ₹14,990 7.8 1.44 0.28× 18.5% 3.21% — Basic Materials
75 Bhansali Engineering Polymers LimitedBEPL 22,987 ₹111.32 ₹2,770 13.8 2.56 0.16× 18.5% 3.20% — Basic Materials
76 GHCL LimitedGHCL 23,353 ₹387.85 ₹3,573 7.0 1.01 0.17× 14.1% 3.09% — Basic Materials
77 Shradha AI Technologies LimitedSHRAAITECH 6,599 ₹19.26 ₹117 12.6 — 0.05× — 3.07% — Technology
78 CyberTech Systems and Software LimitedCYBERTECH 23,150 ₹126.16 ₹382 12.4 1.80 0.24× 14.9% 3.04% — Technology
79 Kakatiya Cement Sugar and Industries LimitedKAKATCEM 22,934 ₹96.71 ₹75 Loss 0.41 0.20× -14.9% 3.03% — Basic Materials
80 Vaibhav Global LimitedVAIBHAVGBL 23,708 ₹195.22 ₹3,273 11.5 1.99 0.35× 17.3% 3.01% — Consumer Cyclical
81 B. N. Rathi Securities LimitedBNRSEC 23,633 ₹16.94 ₹70 6.2 0.90 0.62× 14.4% 2.94% — Financial Services
82 Oil India LimitedOIL 22,727 ₹456.90 ₹74,319 8.9 1.28 0.48× 14.4% 2.93% — Energy
83 Credo Brands Marketing LimitedMUFTI 24,359 ₹65.34 ₹427 9.8 0.97 0.45× 9.9% 2.92% — Consumer Cyclical
84 FDC LimitedFDC 24,052 ₹340.45 ₹5,542 18.9 2.23 0.15× 11.8% 2.91% — Healthcare
85 Union Bank of IndiaUNIONBANK 23,482 ₹182.85 ₹1,39,580 6.8 1.00 0.91× 15.8% 2.89% — Financial Services
86 Zee Entertainment Enterprises LimitedZEEL 20,732 ₹68.46 ₹6,575 32.3 0.56 0.17× 1.7% 2.86% ⚑ Communication Services
87 Cochin Minerals and Rutile LimitedCOCHINM 23,628 ₹251.40 ₹196 9.1 1.14 0.30× 12.6% 2.84% — Basic Materials
88 PNB Gilts Ltd.PNBGILTS 10,092 ₹73.26 ₹1,318 12.9 0.77 0.94× 6.0% 2.84% — Financial Services
89 Career Point Edutech Ltd.CPEDU 5,922 ₹177.02 ₹322 13.6 — 0.12× — 2.82% — Consumer Defensive
90 Indian Railway Finance Corporation LimitedIRFC 17,875 ₹77.00 ₹1,00,627 14.0 1.77 0.89× 12.7% 2.81% — Financial Services
91 GVP Infotech LimitedGVPTECH 23,253 ₹6.50 ₹105 Loss 1.29 0.32× -106.6% 2.80% — Technology
92 NMDC LimitedNMDC 23,814 ₹68.88 ₹60,558 8.1 1.78 0.29× 21.9% 2.79% — Basic Materials
93 Tamil Nadu Newsprint and Papers LimitedTNPL 22,545 ₹132.34 ₹915 3.5 0.40 0.63× 11.3% 2.79% — Basic Materials
94 Emami Paper Mills LimitedEMAMIPAP 22,754 ₹112.90 ₹683 8.3 1.19 0.68× 17.1% 2.77% — Basic Materials
95 Aspinwall and Company LimitedASPINWALL 23,953 ₹226.54 ₹177 11.3 0.88 0.40× 7.8% 2.71% — Consumer Defensive
96 Emami LimitedEMAMILTD 21,955 ₹377.30 ₹16,193 22.0 5.54 0.24× 25.6% 2.71% — Consumer Defensive
97 SJVN LimitedSJVN 23,644 ₹48.25 ₹18,961 29.8 1.33 0.72× 4.5% 2.71% — Utilities
98 The Shipping Corporation of India LimitedSCI 24,188 ₹251.85 ₹11,731 7.2 1.29 0.32× 17.8% 2.71% — Industrials
99 Bank of MaharashtraMAHABANK 22,815 ₹78.48 ₹60,363 8.0 1.82 0.92× 23.0% 2.65% — Financial Services
100 Visaka Industries LimitedVISAKAIND 23,324 ₹83.61 ₹722 8.4 0.87 0.39× 10.4% 2.63% — Industrials

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Questions

Which companies priced under ₹500 in India have the highest dividend yield?

The first five on PositoAI's list are IL&FS Investment Managers Limited (15.23%), Majestic Auto Limited (13.71%), Crizac Limited (10.57%), Vedanta Limited (10.23%), Altius Telecom Infrastructure Trust (9.32%).

How many companies priced under ₹500 in India pay a dividend?

738 of the 1,652 companies priced under ₹500 in India on PositoAI pay a dividend; this page shows the top 100.

How is this list made?

Companies that pay a dividend, ordered by dividend yield (yearly dividends as a percentage of the share price). The list is updated every day from PositoAI's data.

Is a low share price a good sign?

A low share price does not make a stock cheap: what matters is the company's value compared with its earnings and assets (P/E, P/B). Very low-priced stocks are often small, thinly traded and more volatile.

Companies that pay a dividend, ordered by dividend yield (yearly dividends as a percentage of the share price). Score is the Positivity Score; Owes vs Owns is everything a company owes compared with everything it owns (what each figure means); ⚑ marks an active red or yellow flag. All low price lists for India. PositoAI is for research and education only and is not investment advice.

Disclaimer — PositoAI is a research and screening tool for educational and informational purposes. It is not investment advice or a recommendation to buy or sell any security or mutual fund. Scores and rankings are calculated by PositoAI's own method using publicly available data, which may be incomplete, delayed or inaccurate, and past performance does not indicate future results. AI summaries of company news may contain errors. PositoAI is not registered with the SEC, SEBI or any other regulatory authority. Please do your own research or consult a licensed financial advisor before investing.