Dividend Aristocrats India

58 stocks with 15+ consecutive years of unbroken dividend payments.

Aristocrats

41yr

Longest Streak

20+ Year Streaks

25+ Year Streaks

Rank	Company	Streak	Total Years	Yield	Avg/Year	Range
#1	Target TGT • Retailing	41 yrs	41	3.7%	$1.22	1986–2026
#2	Mrf Ltd MRF • Automobiles & Auto Components	27 yrs	27	0.2%	Rs.60.78	2000–2026
#3	HCL Technologies HCLTECH • Software & Services	27 yrs	27	3.8%	Rs.17.98	2000–2026
4	Oil And Natural Gas Corporation Ltd ONGC • Oil & Gas	27 yrs	27	4.7%	Rs.16.10	2000–2026
5	Container Corp CONCOR • Transportation	27 yrs	27	2.0%	Rs.11.53	2000–2026
6	Castrol CASTROLIND • Oil & Gas	27 yrs	27	4.9%	Rs.8.98	2000–2026
7	Wipro Ltd WIPRO • Software & Services	27 yrs	27	5.4%	Rs.5.18	2000–2026
8	National Aluminium NATIONALUM • Metals & Mining	27 yrs	27	2.6%	Rs.3.86	2000–2026
9	Sanofi India Ltd SANOFI • Pharmaceuticals & Biotechnology	26 yrs	26	5.5%	Rs.108.67	2001–2026
10	Nestle NESTLEIND • Fmcg	26 yrs	26	1.4%	Rs.76.69	2001–2026
11	Hero MotoCorp HEROMOTOCO • Automobiles & Auto Components	26 yrs	26	3.3%	Rs.66.27	2001–2026
12	Crisil Ltd CRISIL • Banking And Finance	26 yrs	26	1.5%	Rs.38.69	2001–2026
13	Infosys INFY • Software & Services	26 yrs	26	3.5%	Rs.35.16	2000–2025
14	Vedanta VEDL • Metals & Mining	26 yrs	26	4.5%	Rs.19.73	2001–2026
15	Bharat Petroleum BPCL • Oil & Gas	26 yrs	26	7.7%	Rs.17.00	2001–2026
16	Asian Paints ASIANPAINT • Consumer Durables	26 yrs	26	1.1%	Rs.16.35	2000–2025
17	Balmer Lawrie & Comp BALMLAWRIE • Diversified	26 yrs	26	7.6%	Rs.11.50	2001–2026
18	Bharat Electronics BEL • General Industrials	26 yrs	26	0.6%	Rs.10.91	2001–2026
19	Indian Oil IOC • Oil & Gas	26 yrs	26	7.1%	Rs.10.23	2001–2026
20	Shriram Finance SHRIRAMFIN • Banking And Finance	26 yrs	26	0.8%	Rs.10.12	2000–2025
21	Itc Ltd ITC • Food, Beverages & Tobacco	26 yrs	26	4.8%	Rs.8.54	2001–2026
22	Abb India Ltd ABB • General Industrials	26 yrs	26	0.6%	Rs.8.01	2001–2026
23	Gail India Ltd GAIL • Utilities	26 yrs	26	3.9%	Rs.7.15	2001–2026
24	Samvardhana Motherson International Ltd MOTHERSON • Automobiles & Auto Components	26 yrs	26	0.6%	Rs.1.53	2001–2026
25	VST Industries VSTIND • Food, Beverages & Tobacco	25 yrs	25	4.4%	Rs.57.34	2001–2025
26	Tata Elxsi TATAELXSI • Software & Services	25 yrs	25	1.7%	Rs.18.10	2001–2025
27	Hindustan Unilever HINDUNILVR • Fmcg	25 yrs	25	2.0%	Rs.17.62	2001–2025
28	L&T LT • Cement And Construction	25 yrs	25	0.9%	Rs.17.12	2001–2025
29	Tata Steel TATASTEEL • Metals & Mining	25 yrs	25	1.7%	Rs.12.58	2001–2025
30	Hindustan Zinc HINDZINC • Metals & Mining	25 yrs	25	1.8%	Rs.12.37	2001–2025
31	Bajaj Finance BAJFINANCE • Banking And Finance	25 yrs	25	6.2%	Rs.12.22	2001–2025
32	Mahindra & Mahindra M&M • Automobiles & Auto Components	25 yrs	25	0.8%	Rs.10.77	2001–2025
33	Nmdc Ltd NMDC • Metals & Mining	25 yrs	25	4.1%	Rs.8.95	2002–2026
34	Reliance Industries RELIANCE • Oil & Gas	25 yrs	25	0.4%	Rs.8.07	2001–2025
35	Pidilite Industries PIDILITIND • Chemicals & Petrochemicals	25 yrs	25	2.3%	Rs.5.96	2001–2025
36	Titan Company TITAN • Textiles Apparels & Accessories	25 yrs	25	0.2%	Rs.4.62	2001–2025
37	Tata Power Company TATAPOWER • Utilities	25 yrs	25	0.6%	Rs.4.27	2001–2025
38	Tata Consultancy Services Ltd TCS • Software & Services	23 yrs	23	4.4%	Rs.42.41	2004–2026
39	Indraprastha Gas IGL • Utilities	23 yrs	23	2.9%	Rs.4.85	2004–2026
40	Ptc India Ltd PTC • Utilities	23 yrs	23	8.8%	Rs.3.50	2004–2026
41	Coforge Ltd COFORGE • Software & Services	22 yrs	22	2.5%	Rs.20.09	2005–2026
42	Ntpc Ltd NTPC • Utilities	22 yrs	22	2.3%	Rs.4.80	2005–2026
43	JSW Steel JSWSTEEL • Metals & Mining	21 yrs	23	0.2%	Rs.7.14	2002–2025
44	Accelya Solutions ACCELYA • Software & Services	21 yrs	22	7.5%	Rs.34.08	2002–2026
45	Cesc Ltd CESC • Utilities	21 yrs	22	3.7%	Rs.8.73	2001–2025
46	PennantPark Investment Corp PNNT • Banking & Finance	20 yrs	20	18.8%	$0.84	2007–2026
47	REC RECLTD • Banking And Finance	19 yrs	19	5.7%	Rs.10.89	2008–2026
48	Power Grid Corp POWERGRID • Utilities	19 yrs	19	3.0%	Rs.6.04	2008–2026
49	Petronet LNG PETRONET • Oil & Gas	19 yrs	19	3.8%	Rs.5.75	2007–2025
50	Natco Pharma NATCOPHARM • Pharmaceuticals & Biotechnology	18 yrs	22	0.5%	Rs.4.14	2002–2026
51	Bajaj Auto Ltd BAJAJ-AUTO • Automobiles & Auto Components	18 yrs	18	2.1%	Rs.76.22	2008–2025
52	Oil India OIL • Oil & Gas	17 yrs	17	2.5%	Rs.19.11	2010–2026
53	Sjvn Ltd SJVN • Utilities	17 yrs	17	2.0%	Rs.1.51	2010–2026
54	Nhpc Ltd NHPC • Utilities	17 yrs	17	2.5%	Rs.1.26	2010–2026
55	Tech Mahindra TECHM • Software & Services	16 yrs	18	3.1%	Rs.20.14	2007–2025
56	Coal India COALINDIA • Metals & Mining	16 yrs	16	6.1%	Rs.18.56	2011–2026
57	Muthoot Finance MUTHOOTFIN • Banking And Finance	15 yrs	15	0.7%	Rs.14.10	2012–2026
58	Nbcc India Ltd NBCC • Cement And Construction	15 yrs	15	0.8%	Rs.1.78	2012–2026

#1 Target

41 yrs

TGT • Retailing 3.7% yield

#2 Mrf Ltd

27 yrs

MRF • Automobiles & Auto Components 0.2% yield

#3 HCL Technologies

27 yrs

HCLTECH • Software & Services 3.8% yield

#4 Oil And Natural Gas Corporation Ltd

27 yrs

ONGC • Oil & Gas 4.7% yield

#5 Container Corp

27 yrs

CONCOR • Transportation 2.0% yield

#6 Castrol

27 yrs

CASTROLIND • Oil & Gas 4.9% yield

#7 Wipro Ltd

27 yrs

WIPRO • Software & Services 5.4% yield

#8 National Aluminium

27 yrs

NATIONALUM • Metals & Mining 2.6% yield

#9 Sanofi India Ltd

26 yrs

SANOFI • Pharmaceuticals & Biotechnology 5.5% yield

#10 Nestle

26 yrs

NESTLEIND • Fmcg 1.4% yield

#11 Hero MotoCorp

26 yrs

HEROMOTOCO • Automobiles & Auto Components 3.3% yield

#12 Crisil Ltd

26 yrs

CRISIL • Banking And Finance 1.5% yield

#13 Infosys

26 yrs

INFY • Software & Services 3.5% yield

#14 Vedanta

26 yrs

VEDL • Metals & Mining 4.5% yield

#15 Bharat Petroleum

26 yrs

BPCL • Oil & Gas 7.7% yield

#16 Asian Paints

26 yrs

ASIANPAINT • Consumer Durables 1.1% yield

#17 Balmer Lawrie & Comp

26 yrs

BALMLAWRIE • Diversified 7.6% yield

#18 Bharat Electronics

26 yrs

BEL • General Industrials 0.6% yield

#19 Indian Oil

26 yrs

IOC • Oil & Gas 7.1% yield

#20 Shriram Finance

26 yrs

SHRIRAMFIN • Banking And Finance 0.8% yield

#21 Itc Ltd

26 yrs

ITC • Food, Beverages & Tobacco 4.8% yield

#22 Abb India Ltd

26 yrs

ABB • General Industrials 0.6% yield

#23 Gail India Ltd

26 yrs

GAIL • Utilities 3.9% yield

#24 Samvardhana Motherson International Ltd

26 yrs

MOTHERSON • Automobiles & Auto Components 0.6% yield

#25 VST Industries

25 yrs

VSTIND • Food, Beverages & Tobacco 4.4% yield

#26 Tata Elxsi

25 yrs

TATAELXSI • Software & Services 1.7% yield

#27 Hindustan Unilever

25 yrs

HINDUNILVR • Fmcg 2.0% yield

#28 L&T

25 yrs

LT • Cement And Construction 0.9% yield

#29 Tata Steel

25 yrs

TATASTEEL • Metals & Mining 1.7% yield

#30 Hindustan Zinc

25 yrs

HINDZINC • Metals & Mining 1.8% yield

#31 Bajaj Finance

25 yrs

BAJFINANCE • Banking And Finance 6.2% yield

#32 Mahindra & Mahindra

25 yrs

M&M • Automobiles & Auto Components 0.8% yield

#33 Nmdc Ltd

25 yrs

NMDC • Metals & Mining 4.1% yield

#34 Reliance Industries

25 yrs

RELIANCE • Oil & Gas 0.4% yield

#35 Pidilite Industries

25 yrs

PIDILITIND • Chemicals & Petrochemicals 2.3% yield

#36 Titan Company

25 yrs

TITAN • Textiles Apparels & Accessories 0.2% yield

#37 Tata Power Company

25 yrs

TATAPOWER • Utilities 0.6% yield

#38 Tata Consultancy Services Ltd

23 yrs

TCS • Software & Services 4.4% yield

#39 Indraprastha Gas

23 yrs

IGL • Utilities 2.9% yield

#40 Ptc India Ltd

23 yrs

PTC • Utilities 8.8% yield

#41 Coforge Ltd

22 yrs

COFORGE • Software & Services 2.5% yield

#42 Ntpc Ltd

22 yrs

NTPC • Utilities 2.3% yield

#43 JSW Steel

21 yrs

JSWSTEEL • Metals & Mining 0.2% yield

#44 Accelya Solutions

21 yrs

ACCELYA • Software & Services 7.5% yield

#45 Cesc Ltd

21 yrs

CESC • Utilities 3.7% yield

#46 PennantPark Investment Corp

20 yrs

PNNT • Banking & Finance 18.8% yield

#47 REC

19 yrs

RECLTD • Banking And Finance 5.7% yield

#48 Power Grid Corp

19 yrs

POWERGRID • Utilities 3.0% yield

#49 Petronet LNG

19 yrs

PETRONET • Oil & Gas 3.8% yield

#50 Natco Pharma

18 yrs

NATCOPHARM • Pharmaceuticals & Biotechnology 0.5% yield

#51 Bajaj Auto Ltd

18 yrs

BAJAJ-AUTO • Automobiles & Auto Components 2.1% yield

#52 Oil India

17 yrs

OIL • Oil & Gas 2.5% yield

#53 Sjvn Ltd

17 yrs

SJVN • Utilities 2.0% yield

#54 Nhpc Ltd

17 yrs

NHPC • Utilities 2.5% yield

#55 Tech Mahindra

16 yrs

TECHM • Software & Services 3.1% yield

#56 Coal India

16 yrs

COALINDIA • Metals & Mining 6.1% yield

#57 Muthoot Finance

15 yrs

MUTHOOTFIN • Banking And Finance 0.7% yield

#58 Nbcc India Ltd

15 yrs

NBCC • Cement And Construction 0.8% yield

Frequently Asked Questions

What is a Dividend Aristocrat?

A Dividend Aristocrat is a stock that has paid dividends consistently for 15 or more consecutive years. We found 58 such stocks in India.

Why invest in Dividend Aristocrats?

Dividend Aristocrats demonstrate financial stability, strong cash flows, and management commitment to shareholders. They are ideal for long-term income investors seeking reliable passive income.

How are Indian Dividend Aristocrats different from US ones?

In the US, Dividend Aristocrats must have 25+ years of consecutive dividend increases. In India, we use 15+ years of consecutive dividend payments as the benchmark since the Indian market is younger.