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Fifteen Indian Stocks Offer Higher Dividend Yields Than FDs
Some Indian companies paid dividends that were larger than the interest offered by certain bank fixed deposits in FY26.
A dividend is money a company gives to its shareholders.
Majestic Auto had the highest dividend yield on the list, at 16.8%.
Jagran Prakashan and Premco Global also had high yields.
Several other companies had yields between 6.3% and 8%.
Selected fixed deposits from SBI, HDFC Bank and ICICI Bank offered about 5.9% to 6.3% for some terms.
However, dividends can change and share prices can fall.
The figures show income yield, not a guaranteed total investment return.
Majestic Auto topped the FY26 list with a 16.8% dividend yield, up from 2.8% in FY25.
Jagran Prakashan recorded a 16.4% FY26 dividend yield, while Premco Global offered 11.6%.
Accelya Solutions India, Indo Borax & Chemicals, PTC India, D-Link (India) and PTL Enterprises yielded 7.6% to 8%.
Alldigi Tech, KSE, Hindustan Petroleum, JSW Dulux, Coal India, Radiant Cash Management and Honda India Power Products yielded 6.3% to 7.4%.
Select two- to three-year fixed deposits at SBI, HDFC Bank and ICICI Bank offered roughly 5.9% to 6.3%, but dividend yields carry greater uncertainty.
- Who
- Fifteen listed Indian companies, including Majestic Auto, Jagran Prakashan, Premco Global and Coal India, were included in the screen; SBI Securities provided cautions about interpreting the data.
- What
- The companies recorded FY26 dividend yields higher than selected bank fixed-deposit rates.
- Where
- The companies and banks discussed are in India.
- When
- The comparison concerns FY26, with FY25 and FY24 figures also provided for some companies.
- Why
- The screen was intended to identify potential income-generating stocks, while highlighting that dividends are less certain than fixed-deposit interest and do not represent total investment returns.
Key facts
- Highest FY26 yield
- Majestic Auto: 16.8%
- Second-highest FY26 yield
- Jagran Prakashan: 16.4%
- Premco Global FY26 yield
- 11.6%
- Other high-yield range
- Accelya Solutions India, Indo Borax & Chemicals, PTC India, D-Link (India) and PTL Enterprises: 7.6% to 8%
- Remaining listed companies
- Alldigi Tech, KSE, Hindustan Petroleum, JSW Dulux, Coal India, Radiant Cash Management and Honda India Power Products: 6.3% to 7.4%
- Selected bank FD rates
- Approximately 5.9% to 6.3% for some two- to three-year tenures at SBI, HDFC Bank and ICICI Bank
- Key limitation
- Past dividend payouts do not guarantee future dividends, and dividend yield does not equal total investment return
Sources
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