Here are the top 15 companies from the NSE 500 basket that provide higher dividend yields. The dividend yield ranges from 4% to 10.4%. The 5-year average RoE ranges from 5.77% to 73.72%.
List of top 15 companies from the NSE 500 basket that provide higher dividend yields by IDBI Capital
Dividend Yield Monitor 2nd May 2025 by SBI Securities
The dividend yield is computed based on the closing price of 30th April 2025. We have considered companies that have consistently paid dividend in the last 3 years – i.e FY24/CY23, FY23/CY22 and FY22/CY21.
Huhtamaki India’s premium product to drive growth, near term issues transitory in nature. BUY for target price of ₹316 (61.3%): SMIFS
Currently, the stock is trading at ~9.9x CY26E. We are maintaining our multiple of 16x due to improved sales mix & better operational efficiencies & thereby arrive at target price of Rs 316 per share which is an upside of 61.3% from current valuations. We have visibility of volume growth, strong balance sheet, cost optimization benefits & leveraging its blueloop brand which will increase its premium portfolio. The stock price has witnessed correction in the last few months and factored in most of the negatives. Thus, we maintain our BUY rating on the stock
PCBL Ltd’s long term investment thesis remains unchanged. Buy for target price of ₹515 (42% upside): ICICI Direct
With organic levers of growth amidst changing business profile in favour of more speciality chemical play including niche battery chemical business, aspiration to clock 5x PAT in 5 years i.e. (~₹ 2,500 crore in FY29E vs. ~₹ 500 in FY24), we remain positive on PCBL and retain our BUY rating on the stock with revised target price of ₹ 515 i.e. 25x P/E on FY27E
25 Transformative Investment Ideas by HDFC Securities
Each of these companies has been chosen for their strong growth potential and sustainability over a 3–5-year horizon. Our selection process emphasises not only growth sustainability but also the importance of current valuations, ensuring that investors can benefit from earnings compounding, translating into stock compounding
Canfin Homes has been best in class HFC player with a robust business model & underwriting practice, which resulted in healthy earnings growth with GNPA <1% across cycles. Buy for target price of ₹900 (24% upside): ICICI Direct
CanFin Homes (CFHL) was promoted by Canara Bank in 1987, with ~30% stake as of March 2025. The HFC has a presence in 234 locations across 21 states and union territories (UTs). Housing loans comprise ~86% of book; of which ~70% is to salaried customers. Average ticket size is ₹24 lakh for housing, ₹13 lakh for non-housing loans
Suraj Estates is a distinct play, for choice of micro-markets and products. Buy for target price of ₹442 (40% upside): Anand Rathi
Its choice of micro-markets and differentiated products make Suraj Estate stand out. On its long-standing operations (over 38 years’ delivery) in south-central Mumbai (high barriers to entry, paucity of land parcels), cost and time effective redevelopment model, keen focus on the value-luxury category (conforming to demographics) and select luxury developments, it has emerged as a real estate supplier of choice in its chosen markets
Pitti Engineering has demonstrated strong volume growth over the past few quarters and is expected to rebound once the current near-term uncertainties subside. Buy for target price of ₹1350 (37% upside): Axis Securities
PEL reported revenue of Rs 469 Cr in Q4FY25, marking an increase of 43% YoY and 13% QoQ inline with our estimates. EBITDA stood at Rs 80 Cr, up 65% YoY and 20% QoQ, beating our estimates of Rs 76 Cr. EBITDA margins stood at 17.1%, surpassing our estimate of 15.9%, improving by 225 bps YoY.
Axis Bank’s steep discount compared to private peers warrants re-rating. Buy for target price of ₹1350 (16% upside): ICICI Direct
Axis Bank is the third largest private sector bank in India with a balance sheet size of ~₹ 15 lakh crore. Strategy to focus on retail & MSME segment with emphasis on risk adjusted return has aided improvement in RoA & RoE. Retail and SME comprise ~71% of total loans
Swiggy is a crucial player in India’s hyerlocal delivery space due to its strong positioning in the duopolistic food delivery market as well as top three positioning in the fast expanding quick commerce market. Buy for target price of ₹500 (43.7% upside): JMFICS
Swiggy is a crucial player in India’s hyerlocal delivery space due to its strong positioning in the duopolistic food delivery market as well as top three positioning in the fast expanding quick commerce market. Its food delivery business is likely to continue to outperform the organised food services market due to expanding consumer use-cases and improving quantity of restaurants on the platform.
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