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Top 10 High Dividend Small Cap Stocks in India — Top 100 List

Of the 2,084 small cap companies in India on PositoAI, 1,099 pay a dividend. First on the list is IL&FS Investment Managers Limited (15.23%). The median among them is 0.63%. None of the top 10 has an active red or yellow flag.

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 Market Cap
(INR Cr)		 P/E P/B Owes vs
Owns		 ROE Div
Yield		 FlagSector
1 IL&FS Investment Managers LimitedIVC 23,916 ₹236 50.3 1.24 0.13× 2.5% 15.23% — Financial Services
2 Majestic Auto LimitedMAJESAUT 25,060 ₹377 3.9 0.56 0.04× 14.5% 13.71% — Real Estate
3 Expleo Solutions LimitedEXPLEOSOL 24,394 ₹1,307 9.5 1.68 0.16× 17.7% 12.76% — Technology
4 Crizac LimitedCRIZAC 24,904 ₹2,497 11.3 4.27 0.32× 37.7% 10.57% — Consumer Defensive
5 KSE LimitedKSE 21,814 ₹554 11.9 1.59 0.16× 13.3% 8.52% — Consumer Defensive
6 GOCL Corporation LimitedGOCLCORP 24,753 ₹1,685 6.2 0.54 0.12× 8.6% 8.39% — Basic Materials
7 Vibrant Global Capital LimitedVGCL 24,299 ₹113 4.2 0.68 0.30× 15.5% 8.00% — Financial Services
8 Alldigi Tech LimitedALLDIGI 22,152 ₹1,154 13.5 4.60 0.52× 34.0% 7.58% — Industrials
9 Radiant Cash Management Services LimitedRADIANTCMS 24,113 ₹338 10.8 1.22 0.46× 11.3% 7.45% — Industrials
10 PTC India LimitedPTC 22,978 ₹4,163 8.2 0.70 0.44× 8.5% 7.43% — Utilities

Top 20

11 Accelya Solutions India LimitedACCELYA 22,565 ₹1,512 15.9 6.05 0.33× 36.1% 6.59% — Technology
12 Castrol India LimitedCASTROLIND 18,028 ₹19,523 18.4 10.23 0.51× 57.0% 6.42% — Energy
13 D-Link (India) LimitedDLINKINDIA 22,958 ₹1,418 13.2 2.81 0.38× 21.2% 6.29% — Technology
14 Chemcon Speciality Chemicals LimitedCHEMCON 24,259 ₹740 26.3 1.53 0.15× 5.8% 6.13% — Basic Materials
15 MOIL LimitedMOIL 24,909 ₹4,491 14.8 1.66 0.15× 11.2% 6.01% — Basic Materials
16 Gujarat Pipavav Port LimitedGPPL 22,088 ₹7,769 13.9 3.25 0.21× 23.7% 5.96% — Industrials
17 VST Industries LimitedVSTIND 22,637 ₹3,374 12.1 2.33 0.28× 19.3% 5.96% — Consumer Defensive
18 Gujarat Intrux LimitedGUJINTRX 22,721 ₹147 14.1 2.25 0.09× 16.2% 5.86% — Basic Materials
19 R Systems International LimitedRSYSTEMS 23,498 ₹3,002 16.3 2.73 0.39× 17.3% 5.83% — Technology
20 Ksolves India LimitedKSOLVES 14,876 ₹577 15.6 19.66 0.53× 126.2% 5.78% — Technology

Top 50

21 HeidelbergCement India LimitedHEIDELBERG 24,751 ₹2,786 23.9 2.03 0.44× 8.5% 5.63% — Basic Materials
22 Bata India LimitedBATAINDIA 21,855 ₹8,180 56.0 5.13 0.58× 9.2% 5.54% — Consumer Cyclical
23 RITES LimitedRITES 23,330 ₹9,424 22.6 3.51 0.53× 15.6% 5.54% — Industrials
24 Balmer Lawrie & Co. Ltd.BALMLAWRIE 21,553 ₹2,609 9.3 1.26 0.38× 13.5% 5.41% — Industrials
25 Aptech LimitedAPTECHT 23,724 ₹470 19.2 1.89 0.42× 9.8% 5.30% — Consumer Defensive
26 Steel City Securities LimitedSTEELCITY 24,657 ₹117 6.9 0.85 0.42× 12.4% 4.91% — Financial Services
27 Nirlon LimitedNIRLON 15,435 ₹5,654 15.8 12.07 0.79× 76.2% 4.79% — Real Estate
28 Gulf Oil Lubricants India LimitedGULFOILLUB 22,571 ₹5,172 13.9 3.37 0.47× 24.2% 4.73% — Basic Materials
29 UTI Asset Management Company LimitedUTIAMC 21,585 ₹10,940 23.8 2.43 0.11× 10.2% 4.61% — Financial Services
30 Abirami Financial Services (India) LimitedABIRAFN 24,510 ₹17 37.0 0.92 0.03× 2.5% 4.58% — Financial Services
31 CESC LimitedCESC 22,565 ₹17,227 11.1 1.37 0.72× 12.4% 4.50% — Utilities
32 Saraswati Saree Depot LimitedSSDL 24,947 ₹237 10.0 1.22 0.32× 12.6% 4.49% — Consumer Cyclical
33 Bayer CropScience LimitedBAYERCROP 22,792 ₹15,503 21.2 5.23 0.48× 24.7% 4.30% — Basic Materials
34 BMW Ventures LimitedBMWVENTLTD 23,220 ₹575 12.6 1.30 0.41× 10.4% 4.20% — Basic Materials
35 Sanofi India LimitedSANOFI 21,541 ₹6,520 20.1 7.89 0.41× 40.3% 4.18% — Healthcare
36 Chennai Petroleum Corporation LimitedCHENNPETRO 23,202 ₹21,647 5.2 1.95 0.45× 37.6% 4.17% — Energy
37 D. B. Corp LimitedDBCORP 25,557 ₹2,742 7.8 1.13 0.24× 14.5% 4.05% — Communication Services
38 Gujarat Energy LimitedGUJENERGY 24,363 ₹20,465 9.8 1.11 0.32× 11.4% 3.98% — Utilities
39 Gateway Distriparks LimitedGATEWAY 22,962 ₹2,363 9.7 1.03 0.28× 10.6% 3.92% — Industrials
40 Goodyear India LimitedGOODYEAR 23,750 ₹1,556 28.9 2.57 0.52× 8.9% 3.92% — Consumer Cyclical
41 Monte Carlo Fashions LimitedMONTECARLO 24,737 ₹1,055 10.1 1.17 0.53× 11.6% 3.91% — Consumer Cyclical
42 Indian Energy Exchange LimitedIEX 19,340 ₹9,248 18.2 6.78 0.44× 37.4% 3.82% — Financial Services
43 Advani Hotels & Resorts (India) LimitedADVANIHOTR 24,008 ₹431 18.8 0.84 0.05× 4.4% 3.79% — Consumer Cyclical
44 Cravatex LimitedCRAVATEX 24,593 ₹85 9.9 0.71 0.18× 7.2% 3.76% — Consumer Cyclical
45 Housing and Urban Development Corporation LimitedHUDCO 18,770 ₹30,382 7.1 1.38 0.87× 19.4% 3.76% — Financial Services
46 The Great Eastern Shipping Company LimitedGESHIP 22,281 ₹21,349 5.8 1.26 0.13× 22.0% 3.76% — Industrials
47 Gloster LimitedGLOSTERLTD 24,168 ₹586 45.8 0.54 0.57× 1.2% 3.74% — Consumer Cyclical
48 Munjal Showa LimitedMUNJALSHOW 24,266 ₹467 18.8 0.69 0.22× 3.7% 3.71% — Consumer Cyclical
49 SIS LimitedSIS 23,148 ₹5,278 36.2 2.07 0.67× 5.8% 3.68% — Industrials
50 Repco Home Finance LimitedREPCOHOME 20,783 ₹1,959 4.1 0.48 0.75× 11.9% 3.64% — Financial Services

Top 100

51 GTPL Hathway LimitedGTPL 25,747 ₹614 81.5 0.54 0.61× 0.7% 3.61% — Communication Services
52 Gujarat Narmada Valley Fertilizers & Chemicals LimitedGNFC 23,197 ₹7,539 7.3 0.83 0.20× 11.4% 3.54% — Basic Materials
53 Vardhman Acrylics LimitedVARDHACRLC 24,052 ₹334 4.1 1.32 0.26× 32.1% 3.52% — Consumer Cyclical
54 Rashtriya Chemicals and Fertilizers LimitedRCF 24,551 ₹5,385 12.1 1.05 0.69× 8.7% 3.50% — Basic Materials
55 GIC Housing Finance LimitedGICHSGFIN 19,759 ₹682 4.3 0.32 0.81× 7.5% 3.48% — Financial Services
56 Mahanagar Gas LimitedMGL 22,521 ₹10,216 14.3 1.59 0.28× 11.1% 3.45% — Utilities
57 GPT Infraprojects LimitedGPTINFRA 23,228 ₹1,451 14.7 2.41 0.57× 16.3% 3.43% — Industrials
58 Gujarat State Fertilizers & Chemicals LimitedGSFC 23,839 ₹5,467 7.9 0.45 0.15× 5.7% 3.39% — Basic Materials
59 Federal-Mogul Goetze (India) LimitedFMGOETZE 24,694 ₹2,451 14.4 1.71 0.25× 11.9% 3.38% — Consumer Cyclical
60 Naperol Investments LimitedNAPEROL 25,894 ₹311 28.8 0.34 0.00× 1.2% 3.36% — Basic Materials
61 Xchanging Solutions LimitedXCHANGING 25,239 ₹635 10.4 1.60 0.24× 15.3% 3.33% — Technology
62 Central Bank of IndiaCENTRALBK 24,765 ₹27,163 6.0 0.66 0.93× 11.6% 3.32% — Financial Services
63 Procter & Gamble Hygiene and Health Care LimitedPGHH 11,706 ₹22,073 27.9 29.30 0.58× 105.0% 3.31% — Consumer Defensive
64 Sonata Software LimitedSONATSOFTW 21,998 ₹6,636 14.3 3.48 0.63× 24.3% 3.30% — Technology
65 Ganesh Consumer Products LimitedGANESHCP 24,941 ₹650 14.3 1.76 0.18× 12.2% 3.29% — Consumer Defensive
66 Kuantum Papers LimitedKUANTUM 24,776 ₹596 16.5 0.49 0.49× 2.9% 3.29% — Basic Materials
67 Southern Petrochemical Industries Corporation LimitedSPIC 24,189 ₹1,149 5.6 0.84 0.45× 15.0% 3.27% — Basic Materials
68 La Opala RG LimitedLAOPALA 24,590 ₹1,606 17.2 1.96 0.08× 11.3% 3.23% — Consumer Cyclical
69 Rubfila International LimitedRUBFILA 24,719 ₹293 11.1 0.93 0.17× 8.4% 3.23% — Basic Materials
70 Standard Industries LimitedSIL 22,243 ₹115 1.9 1.01 0.40× 53.8% 3.22% — Consumer Cyclical
71 Chambal Fertilisers and Chemicals LimitedCHAMBLFERT 23,881 ₹14,990 7.8 1.44 0.28× 18.5% 3.21% — Basic Materials
72 Bhansali Engineering Polymers LimitedBEPL 22,987 ₹2,770 13.8 2.56 0.16× 18.5% 3.20% — Basic Materials
73 Sun TV Network LimitedSUNTV 23,587 ₹23,656 15.5 1.87 0.09× 12.1% 3.15% — Communication Services
74 Zensar Technologies LimitedZENSARTECH 23,674 ₹11,375 14.9 2.41 0.22× 16.3% 3.13% — Technology
75 Rane Holdings LimitedRANEHOLDIN 22,446 ₹2,050 24.3 1.78 0.63× 7.3% 3.10% — Consumer Cyclical
76 GHCL LimitedGHCL 23,353 ₹3,573 7.0 1.01 0.17× 14.1% 3.09% — Basic Materials
77 Shradha AI Technologies LimitedSHRAAITECH 6,599 ₹117 12.6 — 0.05× — 3.07% — Technology
78 CyberTech Systems and Software LimitedCYBERTECH 23,150 ₹382 12.4 1.80 0.24× 14.9% 3.04% — Technology
79 Kakatiya Cement Sugar and Industries LimitedKAKATCEM 22,934 ₹75 Loss 0.41 0.20× -14.9% 3.03% — Basic Materials
80 Vaibhav Global LimitedVAIBHAVGBL 23,708 ₹3,273 11.5 1.99 0.35× 17.3% 3.01% — Consumer Cyclical
81 Procter & Gamble Health LimitedPGHL 16,392 ₹8,403 23.5 16.02 0.38× 68.1% 2.98% — Healthcare
82 B. N. Rathi Securities LimitedBNRSEC 23,633 ₹70 6.2 0.90 0.62× 14.4% 2.94% — Financial Services
83 Swaraj Engines LimitedSWARAJENG 19,959 ₹4,134 19.4 8.46 0.37× 49.3% 2.94% — Industrials
84 Credo Brands Marketing LimitedMUFTI 24,359 ₹427 9.8 0.97 0.45× 9.9% 2.92% — Consumer Cyclical
85 Gujarat Alkalies and Chemicals LimitedGUJALKALI 23,889 ₹4,054 61.1 0.78 0.31× 1.3% 2.92% — Basic Materials
86 FDC LimitedFDC 24,052 ₹5,542 18.9 2.23 0.15× 11.8% 2.91% — Healthcare
87 Zee Entertainment Enterprises LimitedZEEL 20,732 ₹6,575 32.3 0.56 0.17× 1.7% 2.86% ⚑ Communication Services
88 Cochin Minerals and Rutile LimitedCOCHINM 23,628 ₹196 9.1 1.14 0.30× 12.6% 2.84% — Basic Materials
89 PNB Gilts Ltd.PNBGILTS 10,092 ₹1,318 12.9 0.77 0.94× 6.0% 2.84% — Financial Services
90 Career Point Edutech Ltd.CPEDU 5,922 ₹322 13.6 — 0.12× — 2.82% — Consumer Defensive
91 SKF India LimitedSKFINDIA 22,312 ₹6,998 33.5 5.26 0.36× 15.7% 2.82% — Industrials
92 GVP Infotech LimitedGVPTECH 23,253 ₹105 Loss 1.29 0.32× -106.6% 2.80% — Technology
93 Tamil Nadu Newsprint and Papers LimitedTNPL 22,545 ₹915 3.5 0.40 0.63× 11.3% 2.79% — Basic Materials
94 Emami Paper Mills LimitedEMAMIPAP 22,754 ₹683 8.3 1.19 0.68× 17.1% 2.77% — Basic Materials
95 Cyient LimitedCYIENT 21,161 ₹11,906 33.6 2.10 0.26× 6.6% 2.76% — Industrials
96 Godfrey Phillips India LimitedGODFRYPHLP 24,165 ₹26,938 19.7 4.34 0.25× 22.0% 2.76% — Consumer Defensive
97 Aspinwall and Company LimitedASPINWALL 23,953 ₹177 11.3 0.88 0.40× 7.8% 2.71% — Consumer Defensive
98 Banco Products (India) LimitedBANCOINDIA 22,490 ₹8,336 17.0 4.95 0.45× 29.1% 2.71% — Consumer Cyclical
99 Emami LimitedEMAMILTD 21,955 ₹16,193 22.0 5.54 0.24× 25.6% 2.71% — Consumer Defensive
100 SJVN LimitedSJVN 23,644 ₹18,961 29.8 1.33 0.72× 4.5% 2.71% — Utilities

High dividend in other groups · India

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High dividend in other countries

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Questions

Which small cap companies 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%), Expleo Solutions Limited (12.76%), Crizac Limited (10.57%), KSE Limited (8.52%).

How many small cap companies in India pay a dividend?

1,099 of the 2,084 small cap companies 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.

What counts as a small cap stock in India?

In India, large cap means the 100 largest companies by market value, mid cap the next 150 (101st to 250th) and small cap the rest — the same rank-based rule SEBI uses, applied to the companies on PositoAI.

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 top 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.