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Many popular investors across the world have shown us that investing in stocks is undoubtedly one of the best ways to build long-term wealth in today’s time. And when we specifically talk about dividend-paying stocks, they can offer the added benefit of regular income along with potential for capital appreciation. In this article, we shall provide you with the top 10 dividend paying stocks in India.
So, if you are looking to build a steady stream of passive income while also benefiting from the growth potential of equity investments, we recommend you to read this article.
Mentioned below are the top 10 dividend paying stocks in India as of 2025. These stocks have demonstrated a consistent track record of paying dividends from time to time.
Aster DM Healthcare (NSE: ASTERDM) is one of the highest dividend paying stocks in India. The company, Aster DM Healthcare Ltd, to which the stock belongs, is a healthcare service provider. Segments of the company include various hospitals, clinics and retail pharmacies among others.
The hospital segment of Aster consists of hospitals as well as in-house pharmacies located at the hospitals. When we talk about the retail pharmacies segment of the company, it includes retail pharmacies as well as optical outlets. Aster also provides healthcare consultancy services.
Aster does not only run its business in India but also in Gulf Corporation Council (GCC) states like United Arab Emirates, Qatar, Oman, Kingdom of Saudi Arabia, Kuwait, Bahrain and Jordan. It is one of the few business entities in the world to have a powerful presence across primary, second, tertiary and quaternary healthcare.
Aster offers its healthcare services under these brands: Aster, Medcare and Access. It has over 33 hospitals, 127 clinics, 527 pharmacies (incl. 255 pharmacies in India operated by Alfaone Retail Pharmacies Private Limited under brand license from Aster), and 229 laboratories and patient experience centers.
Coal India (NSE: COALINDIA) is one of the top 10 dividend paying stocks in India. In case you are wondering, Coal India Ltd is a state-owned coal mining company. It is the largest coal producer in the world. It was established in November 1975, and its headquarters is in Kolkata, West Bengal.
CIL is an apex body that operates through 81 mining areas. It has 7 wholly owned coal producing subsidiaries and 1 mine planning and consultancy firm spread across 8 provincial states within India. Apart from this, Coal India also owns a mining business in Mozambique called Coal India Africana Limitada. Additionally, it manages 200 other establishments, such as hospitals and workshops.
That’s not all. Coal India also owns 26 technical and management training institutions and 102 vocational training institutes centres. Having fulfilled the financial and other prerequisites, CIL was granted the Maharatna recognition in April 2011. It is a privileged status that the Government of India grants to select state owned businesses to empower them to increase their operations and rise as global giants.
Hindustan Zinc Limited, offering one of best dividend stocks in India, is an Indian mining and resource company. It was established in 1966, and mainly focuses on production of zinc, lead, silver and cadmium.
It is known to be the second largest zinc-producer and third-largest silver producer across the globe. Through its social welfare initiatives, HZL has transformed the lives of millions of people. It is among the top CSR companies in the country.
Hindustan Zinc Ltd operates five zinc-lead mines, four zinc smelters and one lead smelter in Rajasthan, India. It has refining facilities in Uttarakhand. It is a direct subsidiary of Vedanta Limited.
HZL has a market share of ~75% of the growing Zinc market in India. Its headquarter is at Zinc City, Udaipur. The company also has wind power plants in Gujarat, Karnataka, Rajasthan, Maharashtra and Tamil Nadu. In Rajasthan, it has solar power plants.
Castrol India Limited is an automotive and industrial lubricant manufacturing company. It is the second largest manufacturer of automotive and industrial lubricants in the domestic lubricant market. Overall, it owns approximately 20% market share in the overall domestic lubricant market.
It is a part of Castrol Limited UK, which is a part of BP Group. It has 5 manufacturing plants networked with 400+ distributors and serves approximately 70,000 retail outlets. Castrol India earned a spot on the prestigious ET Best Brands 2020 list. Its digital app, Castrol CONNEKT, was honored with the Best B2B Campaign award for the Castrol Super Mechanic contest at the ET Brand Equity India Digiplus Awards 2020.
In 2021, the Castrol Auto Service (CAS) network saw significant growth, expanding to 94 centers across over 40 cities. This expansion helped customers enhance their businesses and deliver more specialized services. That same year, Castrol became the first company in India to introduce BS-VI compliant products for both passenger and commercial vehicles.
CIL is listed on the National Stock Exchange and Bombay Stock Exchange. CASTROLIND provides dividends to its investors, and is one of the top 10 dividend stocks in India in 2025.
Indraprastha Gas Limited is an India-based natural gas company. It is engaged in supply of natural gas as cooking and vehicular fuel, primarily in Delhi National Capital Region. IGL was established in 1998 as a joint venture between GAIL, Bharat Petroleum and Government of India.
IGL serves approximately 77,000 vehicles in the NCT with its network of 115 CNG stations. Through its network of pipelines located throughout the NCT, the company also provides PNG to 95 commercial customers and around 10,000 domestic users. CNG is in direct competition with fuels such as gasoline, diesel and LPG. This implies that the business is in direct competition with its promoter, BPCL, which sells diesel, gasoline and LPG.
The revenue of CNG accounts for the majority of IGL's revenue because of its focus on the CNG industry. PNG revenues make up a very minor portion of total revenues. However, since it has attained a respectable level of stability and experience in the CNG sector, the company intends to aggressively target the PNG business in the future.
Gujarat Pipavav Port Limited is the developer and operator of Pipavav port, which is the first private sector port of India. APM Terminals, which is one of the largest container terminal operations in the world and is part of Denmark-based A.P. Moeller Maersk Group, promotes Gujarat Pipavav Port Limited.
Gujarat Pipavav Port Limited is listed on National Stock Exchange as well as Bombay Stock Exchange, and it provides dividend to its investors. The Pipavav port is located in the Saurashtra region and is one of the principal gateways on the west coast. It offers facilities for handling containers as well as bulk cargoes. The port connects with the North Indian hinterland and has a good road and rail network.
In the port, there are currently 1.35 million TEU containers, 250,000 passenger cars, 2 million metric tons of liquid bulk, and 4 million metric tons of dry bulk that can be handled annually. All kinds of goods can be stored at the port because of its sufficient landside and marine side infrastructure, as well as its dedicated container yard, cold storage yard, and warehousing facilities.
Port Pipavav is the first port in India to begin operating 180TEU double-stacked container trains. In order to facilitate loading and unloading directly at the port, railway sidings are present. The port features a 4,000-meter channel, a 735-meter-long container berth with a 14.5-meter draught, a 695-meter-long bulk berth with a 14-meter draught and one 12-meter-draught LPG/liquid berth.
Oil and Natural Gas Corporation Limited is one of the top dividend stocks 2025. ONGC is an Indian central public sector undertaking. It is India’s largest government-owned oil and gas explorer and producer. ONGC accounts for 70 percent of crude oil and approx. 84 percent of natural gas production. On August 14, 1956, the Indian government established this company. In November 2010, the Indian government granted ONGC the Maharatna status.
It was named the country's largest profit-making Central Public Sector Undertaking (PSU) in a survey conducted by the Indian government for the 2019–20 fiscal year. According to Platts, it is ranked fifth out of the Top 250 Global Energy Companies.
India, which covers both onshore and offshore, and Outside India make up ONGC's geographical divisions. ONGC Videsh Limited, Hindustan Petroleum Corporation Limited, Mangalore Refinery and Petrochemicals Limited, Petronet MHB Limited, and HPCL Biofuels Limited are some of its subsidiaries.
Formerly National Mineral Development Corporation, NMDC Limited is an Indian PSU. It is engaged in exploration of iron ore, rock, magnesite, diamond, gypsum, tungsten, graphite, tin and coal. It produces more than 45 million tonnes of iron ore from three mechanized mines in Chhattisgarh and Karnataka, making it the largest iron ore producer and exporter in India. The company operates the only mechanized diamond mine in India located at Panna in Madhya Pradesh.
Legacy Iron Ore, a majority-owned NMDC company in Australia, holds majority stakes in gold and iron ore projects in West Australia. In 2023, NMDC began exploration of Lithium reserves in the company’s majority owned Mount Bevan Mine in Australia. In the Corporate Social Responsibility category, NMDC Limited won the Global Metals Award 2018 in London. This was the first time an Indian company had been recognized in this category since the awards were established.
From its iron-producing facilities, including Donimalai in the Bellary-Hospet region of Karnataka and Bailadila Sector in Chhattisgarh, the company produces more than 40 million tons of iron ore annually (MTPA). NMDC Power Limited, Karnataka Vijaynagar Steel Limited, Jharkhand Kolhan Steel Limited, NMDC SARL, Legacy Iron Ore Limited, J & K Mineral Development Corporation Limited and NMDC CSR Foundation are some of the company's subsidiaries.
Formerly known as Rural Electrification Corporation Limited, REC Limited is an Indian public sector company. It basically works for financing and promoting power projects across India. It grants loans to central/state sector power utilities, state electricity boards, rural electric cooperatives, private power developers and non-governmental organizations.
REC Ltd operates in a single business segment i.e., lending to power, logistic and infrastructure sector. Its financial offerings include long-term, medium-term and short-term loans, debt refinance, equity financing, financing of coal mines, financing of equipment manufacturing for the power sector, policy for funding against regulatory assets (with the exception of the return on equity component) of power utilities and a revolving bill payment facility.
Its debt refinance strategy applies to both government and private sector borrowers who wish to extend or refinance existing term loans for all kinds of commissioned power sector projects, including renewable energy projects. It serves as a central agency for the initiatives of the Indian government.
National Aluminium Company Limited (NALCO) is an Indian Public Sector company. Its date of establishment is 7 January 1981, and its headquarter lies in Bhubaneswar, Odisha. Aluminum and Chemical are two of the company's segments. Alumina hydrate, calcined alumina, and other associated products are included in the Chemical section. Ingots, wire rods, billets, strips, rolls and other associated products are all included in the aluminum section.
The company runs an alumina refinery plant in Damanjodi, in the Koraput district of Odisha, that produces around 22.75 lakh tons per annum (TPA) and an aluminum smelter in Angul, Odisha, that produces over 4.60 TPA. Adjacent to the smelter facility is a captive thermal power station with a capacity of over 1200 megawatts (MW).
About four wind power facilities with a combined capacity of more than 198.40 MW are run by the company and are situated in the states of Andhra Pradesh (Gandikota), Rajasthan (Jaisalmer and Devikot), and Maharashtra (Sangli). NALCO functions as a Navratna company - a classification for successful Indian public sector businesses. It is listed on the National Stock Exchange as well as Bombay Stock Exchange, and is one of the most dividend paying stocks in India.
Some of the most dividend paying stocks in India are Aster DM Healthcare, Coal India Ltd, Hindustan Zinc Ltd, Castrol India Ltd, Indraprastha Gas Limited, Gujarat Pipavav Port Limited, Oil and Natural Gas Limited, NMDC Ltd, REC Limited and National Aluminium Co Ltd. They have a record of providing dividends to investors who invest in their stocks. If you want to launch an IPO, connect with Registrationwala’s IPO consultants to avail IPO consulting services!
Disclaimer: This article is intended for informational purposes only and should not be construed as investment advice. Registrationwala is not liable for any financial losses resulting from decisions made based on this content. Always conduct your own market research and consult a qualified financial advisor before making any investment decisions.
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