Small-cap stocks offering high dividend yields represent an attractive blend of growth potential and steady income streams. While these companies may face higher market volatility, their generous dividend policies signal financial stability and strong cash flows.
For investors, this combination offers both regular income and potential capital appreciation in emerging market segments.
1. Xchanging Solutions
Xchanging Solutions, founded in 2001, is a prominent player in the technology and business process outsourcing (BPO) industry, primarily serving insurance and financial sectors. The company is recognised for its innovative solutions that streamline operations and reduce costs. Xchanging provides a range of specialised services, including claims management, policy administration, and data analytics, aimed at improving client operational efficiency. With a strong focus on technology-driven service delivery, the company strives to enhance customer satisfaction and service quality. Xchanging’s commitment to utilising advanced technology enables it to remain competitive and cater effectively to its clientele, positioning it as a trusted partner in the BPO space for financial and insurance companies.
Xchanging Solutions currently has a dividend yield of 15.95 percent. Revenue from operations has stayed the same with no major change in ratios, from Rs. 174 crore in FY23 to Rs. 174 crore in FY24. The company’s net profit has decreased from Rs. 45 crore in FY23 to Rs. 14 crore in FY24, which has fallen by 69 percent.
With a market capitalisation of Rs. 1,187 crores, Xchanging Solution Limited’s share price closed at Rs. 106.5 per equity share.
2. Chennai Petroleum Corporation Limited (CPCL)
Chennai Petroleum Corporation Limited (CPCL), originally Madras Refineries Limited, is a leading state-owned oil refining company based in Chennai, India, established in 1965. Operating a refinery in Manali with a capacity of 10.5 million metric tonnes per annum (MMTPA), CPCL produces a wide variety of petroleum products, including LPG, diesel, aviation fuel, and petrochemical feedstocks. The company prioritises sustainability with investments in energy-saving and water management initiatives, such as a seawater desalination plant and a wind farm. In recent developments, CPCL is upgrading its Cauvery Basin Refinery to a modern facility with a capacity of 9 MMTPA, further strengthening its position in the refining industry while supporting India’s energy needs.
Chennai Petroleum Corporation currently has a dividend yield of 9.75 percent. Revenue from operations has increased by 0.7 percent from Rs. 2,312 crore in FY23 to Rs. 2,328 crore in FY24. The company’s net profit has increased from Rs. 168 crore in FY23 to Rs. 257 crore in FY24, which has gone up by 53 percent.
With a market capitalisation of Rs. 8,554 crores, Chennai Petroleum Corporation Limited’s share price closed at Rs. 574.5 per equity share.
3. Nirlon Ltd
Founded in 1960, Nirlon Ltd initially focused on manufacturing nylon yarn but has since diversified into producing polyester fabrics, technical textiles, and other industrial textiles. With manufacturing facilities across India, the company prioritises sustainable and eco-friendly practices within its operations, integrating environmentally conscious processes into production. Nirlon is committed to innovation and quality, ensuring its products meet international standards across various applications. By adapting to changing industry demands and investing in sustainable practices, Nirlon continues to evolve as a reliable supplier of high-quality technical and industrial textiles, serving both domestic and global markets with a focus on environmental responsibility.
Nirlon currently has a dividend yield of 5.23 percent. Revenue from operations has increased by 0.7 percent from Rs. 573 crore in FY23 to Rs. 603 crore in FY24. The company’s net profit has increased from Rs. 158 crore in FY23 to Rs. 206 crore in FY24, which has gone up by 30.3 percent.
With a market capitalisation of Rs. 3,714 crores, Nirlon Limited’s share price closed at Rs. 415.55 per equity share.
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4. TV Today Network Limited
TV Today Network Limited, established in 1999, is a leading media company in India, operating notable news channels such as Aaj Tak and India Today. Renowned for its timely and comprehensive news coverage, TV Today Network reaches a broad audience across television, digital, and print platforms. The company is dedicated to journalistic integrity and has garnered numerous awards for excellence in reporting. By expanding its reach through digital media, TV Today has solidified its place as a respected news provider in India’s media landscape, focusing on delivering accurate and impactful news to its viewers and readers nationwide.
TV Today Network currently has a dividend yield of 8.4 percent. Revenue from operations has increased by 16.54 percent from Rs. 878 crore in FY23 to Rs. 952 crore in FY24. The company’s net profit has decreased from Rs. 88 crore in FY23 to Rs. 56 crore in FY24, which has fallen by 36.3 percent.
With a market capitalisation of Rs. 1,125 crores, TV Today Network Limited’s share price closed at Rs. 188.58 per equity share.
5. Jagran Prakashan
Jagran Prakashan, established in 1942, is one of India’s largest media conglomerates, best known for its flagship Hindi newspaper, Dainik Jagran. The company has expanded its operations to include radio (Radio City), digital media, and event management, allowing it to engage diverse audiences across platforms. Jagran Prakashan is dedicated to upholding high journalistic standards and conducts community initiatives to promote literacy and education throughout India. With a strong media presence and commitment to social responsibility, Jagran Prakashan has become a prominent name in Indian media, delivering reliable news while supporting educational and literacy programs across the country.
Jagran Prakashan currently has a dividend yield of 5.85 percent. Revenue from operations has increased by 4.2 percent from Rs. 1,856 crore in FY23 to Rs. 1,934 crore in FY24. The company’s net profit has decreased from Rs. 197 crore in FY23 to Rs. 165 crore in FY24, which has fallen by 16.2 percent.
Written By Fazal Ul Vahab C H
Disclaimer
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