Top Dividend Growth Stocks in India
63 stocks with positive year-over-year dividend growth (2024 → 2025).
63
Growing Stocks
1000.0%
Highest Growth
17
Growth > 50%
5
Growth > 100%
#1
Wipro Ltd
+1000.0%
WIPRO • Software & Services
Rs.11.00 → Rs.1.00
#2
Bajaj Auto Ltd
+162.5%
BAJAJ-AUTO • Automobiles & Auto Components
Rs.210.00 → Rs.80.00
#3
MSTC
+160.7%
MSTCLTD • Commercial Services & Supplies
Rs.36.50 → Rs.14.00
#4
Cesc Ltd
+133.3%
CESC • Utilities
Rs.10.50 → Rs.4.50
#5
Bharat Heavy Electricals
+100.0%
BHEL • General Industrials
Rs.0.50 → Rs.0.25
#6
Punjab National Bank
+93.3%
PNB • Banking And Finance
Rs.2.90 → Rs.1.50
#7
Pidilite Industries
+87.5%
PIDILITIND • Chemicals & Petrochemicals
Rs.30.00 → Rs.16.00
#8
Nbcc India Ltd
+73.0%
NBCC • Cement And Construction
Rs.1.09 → Rs.0.63
#9
Tata Consultancy Services Ltd
+70.7%
TCS • Software & Services
Rs.128.00 → Rs.75.00
#10
Bharat Petroleum
+66.7%
BPCL • Oil & Gas
Rs.17.50 → Rs.10.50
#11
Oracle Fin Serv
+64.6%
OFSS • Software & Services
Rs.395.00 → Rs.240.00
#12
Castrol
+62.5%
CASTROLIND • Oil & Gas
Rs.13.00 → Rs.8.00
#13
Hindustan Copper
+58.7%
HINDCOPPER • Metals & Mining
Rs.1.46 → Rs.0.92
#14
Bajaj Finance
+55.6%
BAJFINANCE • Banking And Finance
Rs.56.00 → Rs.36.00
#15
Bse Ltd
+53.3%
BSE • Banking And Finance
Rs.23.00 → Rs.15.00
#16
Housing and Urban
+51.8%
HUDCO • Banking And Finance
Rs.6.30 → Rs.4.15
#17
Ptc India Ltd
+50.0%
PTC • Utilities
Rs.11.70 → Rs.7.80
#18
Bank of India
+44.6%
BANKINDIA • Banking And Finance
Rs.4.05 → Rs.2.80
#19
UCO Bank
+39.3%
UCOBANK • Banking And Finance
Rs.0.39 → Rs.0.28
#20
Trident Ltd
+38.9%
TRIDENT • Textiles Apparels & Accessories
Rs.0.50 → Rs.0.36
#21
Accelya Solutions
+38.5%
ACCELYA • Software & Services
Rs.90.00 → Rs.65.00
#22
HDFC Bank
+38.5%
HDFCBANK • Banking And Finance
Rs.27.00 → Rs.19.50
#23
Gail India Ltd
+36.4%
GAIL • Utilities
Rs.7.50 → Rs.5.50
#24
South Ind Bank
+33.3%
SOUTHBANK • Banking And Finance
Rs.0.40 → Rs.0.30
#25
Nestle
+32.9%
NESTLEIND • Fmcg
Rs.24.25 → Rs.18.25
#26
Union Bank
+31.9%
UNIONBANK • Banking And Finance
Rs.4.75 → Rs.3.60
#27
National Aluminium
+31.2%
NATIONALUM • Metals & Mining
Rs.10.50 → Rs.8.00
#28
Abb India Ltd
+25.6%
ABB • General Industrials
Rs.43.27 → Rs.34.46
#29
Gujarat Pipavav Port
+24.7%
GPPL • Transportation
Rs.9.60 → Rs.7.70
#30
Canara Bank
+24.2%
CANBK • Banking And Finance
Rs.4.00 → Rs.3.22
#31
Indian Railway Finance Corporation Ltd
+23.3%
IRFC • Banking And Finance
Rs.1.85 → Rs.1.50
#32
L&T
+21.4%
LT • Cement And Construction
Rs.34.00 → Rs.28.00
#33
Life Insurance Corp
+20.0%
LICI • Banking And Finance
Rs.12.00 → Rs.10.00
#34
Mahindra & Mahindra
+19.9%
M&M • Automobiles & Auto Components
Rs.25.30 → Rs.21.10
#35
Hero MotoCorp
+17.9%
HEROMOTOCO • Automobiles & Auto Components
Rs.165.00 → Rs.140.00
#36
Mrf Ltd
+17.5%
MRF • Automobiles & Auto Components
Rs.235.00 → Rs.200.00
#37
SBI
+16.1%
SBIN • Banking And Finance
Rs.15.90 → Rs.13.70
#38
REC
+15.9%
RECLTD • Banking And Finance
Rs.19.70 → Rs.17.00
#39
Sanofi India Ltd
+15.0%
SANOFI • Pharmaceuticals & Biotechnology
Rs.192.00 → Rs.167.00
#40
Indian Oil
+14.3%
IOC • Oil & Gas
Rs.8.00 → Rs.7.00
#41
Hindustan Aeronautics
+14.3%
HAL • General Industrials
Rs.40.00 → Rs.35.00
#42
Indian Railway Catering
+12.5%
IRCTC • Diversified Consumer Services
Rs.9.00 → Rs.8.00
#43
Tata Power Company
+12.5%
TATAPOWER • Utilities
Rs.2.25 → Rs.2.00
#44
HCL Technologies
+11.1%
HCLTECH • Software & Services
Rs.60.00 → Rs.54.00
#45
ICICI Bank
+10.0%
ICICIBANK • Banking And Finance
Rs.11.00 → Rs.10.00
#46
Bank of Baroda
+9.9%
BANKBARODA • Banking And Finance
Rs.8.35 → Rs.7.60
#47
Embassy Office Parks REIT
+9.3%
EMBASSY • Realty
Rs.23.89 → Rs.21.85
#48
Bharat Electronics
+9.1%
BEL • General Industrials
Rs.2.40 → Rs.2.20
#49
India Grid Trust
+8.5%
INDIGRID • Realty
Rs.15.85 → Rs.14.61
#50
Muthoot Finance
+8.3%
MUTHOOTFIN • Banking And Finance
Rs.26.00 → Rs.24.00
#51
Ntpc Ltd
+7.5%
NTPC • Utilities
Rs.8.60 → Rs.8.00
#52
Bank of Maharashtra
+7.1%
MAHABANK • Banking And Finance
Rs.1.50 → Rs.1.40
#53
Tata Elxsi
+7.1%
TATAELXSI • Software & Services
Rs.75.00 → Rs.70.00
#54
Samvardhana Motherson International Ltd
+6.2%
MOTHERSON • Automobiles & Auto Components
Rs.0.85 → Rs.0.80
#55
Motherson Sumi Wiring
+6.2%
MSUMI • Automobiles & Auto Components
Rs.0.85 → Rs.0.80
#56
AbbVie
+5.8%
ABBV • Pharma & Biotech
$6.56 → $6.20
#57
Tech Mahindra
+4.7%
TECHM • Software & Services
Rs.45.00 → Rs.43.00
#58
Itc Ltd
+4.4%
ITC • Food, Beverages & Tobacco
Rs.14.35 → Rs.13.75
#59
Power Finance
+4.1%
PFC • Banking And Finance
Rs.16.40 → Rs.15.75
#60
Coal India
+1.9%
COALINDIA • Metals & Mining
Rs.26.50 → Rs.26.00
#61
Target
+1.8%
TGT • Retailing
$4.52 → $4.44
#62
Crisil Ltd
+1.7%
CRISIL • Banking And Finance
Rs.59.00 → Rs.58.00
#63
Nhpc Ltd
+0.5%
NHPC • Utilities
Rs.1.91 → Rs.1.90
Frequently Asked Questions
What are dividend growth stocks?
Dividend growth stocks are companies that increased their total dividend payout from 2024 to 2025. These stocks demonstrate improving fundamentals and growing shareholder returns.
Is dividend growth more important than high yield?
Both matter. A stock with moderate yield but strong growth will eventually pay more than a high-yield stock with flat payouts. Dividend growth also signals management confidence in future earnings.