Top Dividend Growth Stocks in India

Top Dividend Growth Stocks in India — dividendhistoryguide.com

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.