Dividend yield represents the annual dividend payment as a percentage of a company’s share price. Investors often look for high and growing dividend yields as a stable income source. Below are some smallcap stocks with high dividend yields to consider for your watchlist.
Xchanging Solutions Limited
Bengaluru-based Xchanging Solutions Limited provides IT services, focusing on outsourcing and consulting for insurance and financial sectors. As a subsidiary of DXC Technology, the company helps global clients improve operations and support growth.
- Dividend Yield: 28.7%
- ROE: 2.66%
- ROCE: 11.9%
- Revenue (FY23-FY24): ₹174 crore (stable)
- Net Profit: ₹45 crore in FY23 to ₹14 crore in FY24 (68.89% decline)
- Market Capitalization: ₹1,227 crore
- Share Price: ₹110 per share
Chennai Petroleum Corporation Limited
Chennai Petroleum Corporation Limited (CPCL) is a major Indian oil refining company based in Chennai. Established in 1965, CPCL operates a 10.5 MMTPA refinery capacity and is a subsidiary of Indian Oil Corporation, producing essential petroleum products.
- Dividend Yield: 8.31%
- ROE: 36.5%
- ROCE: 35.4%
- Revenue (FY23-FY24): ₹76,271 crore to ₹66,024 crore (13.43% decline)
- Net Profit: ₹3,534 crore in FY23 to ₹2,711 crore in FY24 (23.29% decline)
- Market Capitalization: ₹9,297 crore
- Share Price: ₹624 per share
Nirlon Limited
Nirlon Limited focuses on developing and managing industrial and IT parks, specifically Nirlon Knowledge Park in Goregaon, Mumbai. Initially a synthetic yarn manufacturer, Nirlon transitioned to real estate leasing after restructuring between 1988 and 2006.
- Dividend Yield: 6.21%
- ROE: 53.1%
- ROCE: 27.7%
- Revenue (FY23-FY24): ₹573 crore to ₹603 crore (5.24% growth)
- Net Profit: ₹158 crore in FY23 to ₹206 crore in FY24 (30.38% growth)
- Market Capitalization: ₹3,785 crore
- Share Price: ₹420 per share
Jagran Prakashan Limited
Jagran Prakashan Limited, established in 1942, is a leading Indian media group known for publishing Dainik Jagran, one of the most widely read Hindi newspapers. The company operates across print, digital, outdoor advertising, and event management, reaching around 84 million readers with over 300 editions across states.
- Dividend Yield: 5.67%
- ROE: 7.66%
- ROCE: 9.13%
- Revenue (FY23-FY24): ₹1,856 crore to ₹1,934 crore (4.20% growth)
- Net Profit: ₹197 crore in FY23 to ₹165 crore in FY24 (16.24% decline)
- Market Capitalization: ₹1,874 crore
- Share Price: ₹86.1 per share
Summary Table
| Company | Dividend Yield | ROE | ROCE | Revenue Growth (FY23-FY24) | Net Profit Growth (FY23-FY24) |
|---|---|---|---|---|---|
| Xchanging Solutions Limited | 28.7% | 2.66% | 11.9% | ₹174 crore (stable) | -68.89% |
| Chennai Petroleum Corporation Ltd | 8.31% | 36.5% | 35.4% | -13.43% | -23.29% |
| Nirlon Limited | 6.21% | 53.1% | 27.7% | 5.24% | 30.38% |
| Jagran Prakashan Limited | 5.67% | 7.66% | 9.13% | 4.20% | -16.24% |
These high-dividend-yield stocks offer potential income opportunities for investors seeking stable and growing returns.
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