According to reports from Live Mint, PTC India emerges as the top dividend-paying stock with a 9.7% yield, significantly outperforming the PPF interest rate of 7.10%. The power sector company operates with a current market price of ₹151 and maintains a P/E ratio of 8.7x, featuring the lowest valuation multiple among the featured stocks. The company has already announced substantial interim dividends of ₹3 per share in February and ₹23 per share in August, with a proposed final dividend of ₹5.50 per equity share subject to shareholder approval at the upcoming annual general meeting.
Coal India ranks second with a 6.6% dividend yield and a current market price of ₹402, trading at a P/E ratio of 7.9x. The mining company reported a dividend per share of ₹26.4 in FY26, up from ₹25.5 in FY25, with the board approving a final dividend of ₹5.25 per equity share for FY2025–26. REC offers a 6.2% yield at a CMP of ₹315 with a P/E multiple of just 5.3x, having successfully completed a final dividend payout of ₹1.55 per equity share for FY2025–26.
Tata Consultancy Services stands out as the only IT major in the top-ranked stocks, offering a 4.5% dividend yield at a CMP of ₹2,399 with a P/E ratio of 16.2x. The company announced a substantial final dividend of ₹31 per share in May 2026 and a third interim dividend of ₹11 per equity share in January 2026. HCL Technologies provides a 4.1% yield at ₹1,312 CMP with a P/E ratio of 19.6x, having paid ₹54 per share in dividends in FY26 compared with ₹30 in FY25. In the energy sector, Oil & Natural Gas Corporation offers a 5.8% yield at ₹232 CMP with a P/E multiple of 6.7x.
The comprehensive list compiled by Religare Broking includes companies from diverse sectors such as power, mining, finance, crude oil, ports, IT, gas transmission, and industrial gases. Gujarat Pipavav Port offers a 5.7% yield at ₹168 CMP with a P/E ratio of 14.9x, while Power Finance Corporation provides a 5% yield at ₹336 CMP with the lowest P/E ratio of 4.3x. GAIL (India) maintains a 3.5% yield at ₹173 CMP with a P/E multiple of 11.8x, and Petronet LNG rounds out the list with a 3.3% yield at ₹301 CMP with a P/E ratio of 10.7x.
