4 Midcap Dividend Yield Above 1 Per Cent Stocks to Watch for Future Multibagger Potential: Ashok Leyland, Dabur, NALCO and LTTS
- October 27, 2026
- Posted by: Manan Bisht
- Category: Best Stocks
Ashok Leyland Rs 141.90. Dabur Rs 359.30. NALCO Rs 312.40. LTTS Rs 4,015.60. Market caps from Rs 42,572 crore to Rs 84,474 crore. Data as of 26 Oct 2026.
Quick Answer
Ashok Leyland, Dabur, NALCO and LTTS are the 4 picks in this dividend yield above 1 per cent stocks watchlist, with market caps between Rs 42,572 crore and Rs 84,474 crore. Ashok Leyland stands out for the largest market cap at Rs 84,474 crore, while Dabur offers 5.18% revenue growth in FY26. PE ratios run from 8.75 to 34.49, so compare each one with its industry PE before investing. All figures are as of 26 October 2026.
Dividend yield above 1 per cent stocks to watch for multibagger potential start with a simple filter: size, a clean financial record and earnings that keep growing. Ashok Leyland, Dabur, NALCO and LTTS meet that test, with market caps from Rs 42,572 crore to Rs 84,474 crore and Ashok Leyland offering the largest market cap at Rs 84,474 crore. Each of these companies has a market capitalisation between Rs 30,000 crore and Rs 1,00,000 crore and a dividend yield above 1 per cent, a return on equity of at least 10 per cent and profit growth in FY26 and in the latest quarter, and net profit rose in FY26 and in the latest quarter.
This list covers companies with a market capitalisation between Rs 30,000 crore and Rs 1,00,000 crore and a dividend yield above 1 per cent, a return on equity of at least 10 per cent and profit growth in FY26 and in the latest quarter, rising profit in FY26 and the latest quarter, and complete, verifiable financials, ranked by market capitalisation. Each company has a market cap between Rs 30,000 crore and Rs 1 lakh crore. Investors screening dividend yield above 1 per cent stocks usually begin with size and balance sheet strength, and this list follows the same logic. All figures are as of 26 October 2026 and are drawn from NSE and BSE data and company filings.
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What Are Dividend Yield Above 1 Per Cent Stocks and Why Do They Attract Multibagger Interest?
Dividend yield above 1 per cent stocks are shares that pay shareholders more than Rs 1 a year in dividend for every Rs 100 invested, rewarding investors while the business grows. The four here cover commercial vehicles, household products, aluminium and engineering services.
A regular dividend alongside rising profit shows that a company can fund its growth and still share earnings with investors. For dividend yield above 1 per cent stocks, both FY26 and the latest quarter showed growth. With dividend yield above 1 per cent stocks, comparing valuation, growth and balance sheet strength together works better than relying on one number. Every company in the table below passed a rising-profit check, and the figures for dividend yield above 1 per cent stocks are complete. Read each company’s latest results and exchange filings before acting on dividend yield above 1 per cent stocks.
Dividend Yield Above 1 Per Cent Stocks at a Glance: Price, Market Cap, PE, ROE and Price to Book
Prices are closing prices as of 26 October 2026. NALCO combines the lowest PE of the group, 8.75, with the highest return on equity, 26.83%.
| Stock | CMP (Rs) | Market Cap (Rs Cr) | PE | Industry PE | ROE | Price to Book | 52-Week Range (Rs) |
|---|---|---|---|---|---|---|---|
| Ashok Leyland | 141.90 | 84,474 | 22.65 | 23.62 | 24.37% | 5.93 | 134.21 to 215.42 |
| Dabur India | 359.30 | 67,125 | 34.49 | 34.68 | 16.59% | 5.88 | 359.30 to 534.00 |
| National Aluminium Company | 312.40 | 59,012 | 8.75 | 12.46 | 26.83% | 2.73 | 222.71 to 445.15 |
| L&T Technology Services | 4,015.60 | 42,572 | 32.20 | 17.66 | 19.76% | 6.57 | 3,010.00 to 4,726.00 |
Ashok Leyland: Return on Equity of 24.37%
Ashok Leyland makes trucks, buses and defence vehicles and is among the largest commercial vehicle makers in India. It reported FY26 revenue of Rs 56,946.90 crore, up 16.47% year on year, and net profit of Rs 3,720.98 crore, up 10.00%. Revenue has compounded at 21.28% a year since FY22. Operating margin was 19.17% in FY26.
In the June 2026 quarter, revenue rose 12.29% to Rs 13,258.24 crore and net profit grew 1.53% to Rs 667.77 crore. The share price has gained 106.37% over five years. Domestic institutions raised their holding from 13.61% in July 2025 to 15.76% in June 2026. The stock trades at a PE of 22.65 against an industry PE of 23.62, below the sector average, with a return on equity of 24.37%. The dividend yield is 2.43%.
Dabur: Profit Compounding at 1.77% a Year
Dabur India is a leading Ayurveda and natural health care company with brands in hair care, oral care, juices and health supplements. It reported FY26 revenue of Rs 13,792.34 crore, up 5.18% year on year, and net profit of Rs 1,868.69 crore, up 7.37%. Revenue has compounded at 5.15% a year since FY22. Operating margin was 23.00% in FY26. The debt-to-equity ratio is 0.11, which keeps interest costs low.
The stock trades at a PE of 34.49 against an industry PE of 34.68, below the sector average, with a return on equity of 16.59%. The dividend yield is 2.18%. In the June 2026 quarter, revenue rose 10.95% to Rs 3,936.95 crore and net profit grew 15.32% to Rs 586.16 crore. Domestic institutions raised their holding from 16.24% in June 2025 to 18.72% in June 2026.
NALCO: Return on Equity of 26.83%
National Aluminium Company is a government-owned, integrated bauxite-to-aluminium producer with operations in Odisha. It reported FY26 revenue of Rs 18,508.88 crore, up 7.96% year on year, and net profit of Rs 5,797.01 crore, up 10.04%. Net profit has compounded at 18.38% a year since FY22, while revenue has grown 6.33% a year. Operating margin was 48.16% in FY26. The debt-to-equity ratio is 0.00, which keeps interest costs low.
In the June 2026 quarter, revenue rose 39.31% to Rs 5,475.68 crore and net profit grew 90.87% to Rs 2,003.14 crore. The share price has gained 160.35% over five years and 39.86% over the past year. Foreign investors raised their holding from 15.06% in June 2025 to 21.99% in June 2026. The stock trades at a PE of 8.75 against an industry PE of 12.46, below the sector average, with a return on equity of 26.83%. The dividend yield is 3.58%.
LTTS: Debt-to-Equity of 0.09
L&T Technology Services provides engineering and R&D services for global customers in mobility, sustainability and tech industries. It reported FY26 revenue of Rs 11,217.10 crore, up 13.86% year on year, and net profit of Rs 1,230 crore, up 3.37%. Net profit has compounded at 6.38% a year since FY22, while revenue has grown 13.66% a year. Operating margin was 19.42% in FY26. The debt-to-equity ratio is 0.09, which keeps interest costs low.
The stock trades at a PE of 32.20 against an industry PE of 17.66, with a return on equity of 19.76%. In the June 2026 quarter, revenue rose 9.79% to Rs 2,969.20 crore and net profit grew 12.97% to Rs 357.10 crore. Promoters hold 73.53%, which keeps ownership stable.
Dividend Yield Above 1 Per Cent Stocks: Financial Comparison on Growth and Margins
The table compares scale and growth across these dividend yield above 1 per cent stocks. Latest quarter means the most recent reported quarter for each company, and only metrics that are positive for every company are shown.
| Stock | Revenue (Rs Cr) | Net Profit (Rs Cr) | Revenue Growth (YoY) | 4-Year Revenue CAGR | Latest Quarter Revenue Growth | Operating Margin (Latest Quarter) |
|---|---|---|---|---|---|---|
| Ashok Leyland | 56,946.90 | 3,720.98 | 16.47% | 21.28% | 12.29% | 20.01% |
| Dabur | 13,792.34 | 1,868.69 | 5.18% | 5.15% | 10.95% | 24.27% |
| NALCO | 18,508.88 | 5,797.01 | 7.96% | 6.33% | 39.31% | 54.34% |
| LTTS | 11,217.10 | 1,230 | 13.86% | 13.66% | 9.79% | 19.80% |
Check the Univest Screener for live data on these dividend yield above 1 per cent stocks
Institutional Holding in Ashok Leyland, Dabur, NALCO and LTTS
Institutional holding shows who is backing these dividend yield above 1 per cent stocks alongside the promoter. The table uses the latest reported quarter for each. Ashok Leyland has the deepest institutional backing, with FII and DII together holding 36.44% as of June 2026. Domestic institutions increased their holding over the past year in Ashok Leyland (from 13.61% to 15.76%) and Dabur (from 16.24% to 18.72%).
| Stock | Promoter | FII | DII | Public | Quarter |
|---|---|---|---|---|---|
| Ashok Leyland | 51.51% | 20.68% | 15.76% | 12.05% | June 2026 |
| Dabur | 66.24% | 9.66% | 18.72% | 5.37% | June 2026 |
| NALCO | 51.28% | 21.99% | 11.22% | 15.51% | June 2026 |
| LTTS | 73.53% | 4.12% | 14.05% | 8.30% | June 2026 |
Risks to Weigh in Dividend Yield Above 1 Per Cent Stocks
Being careful with dividend yield above 1 per cent stocks means looking at what can slow the story as well as what can speed it up. Four points matter most:
- Past growth may not repeat.
- Share prices can move sharply in either direction.
- Valuation: LTTS trades at a PE of 32.20 against an industry PE of 17.66, so earnings need to keep growing to support the price.
- Concentration: Holding all 4 names puts the allocation in one sector, so size each position to match your risk appetite.
How to Choose Between Dividend Yield Above 1 Per Cent Stocks
Picking from dividend yield above 1 per cent stocks comes down to four checks, applied in order.
- Check balance sheet strength first, and prefer a debt-to-equity ratio below 1 for non-financial companies.
- Compare each PE with the industry PE (12.46 to 34.68) and ask whether the growth rate justifies any gap.
- Track net profit growth, the operating margin and the return on equity in every quarterly result.
- Stagger entries across quarters and review institutional holding every reporting season.
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Conclusion
Among dividend yield above 1 per cent stocks, Ashok Leyland stands out for the largest market cap at Rs 84,474 crore, Dabur for 5.18% revenue growth in FY26, NALCO for the highest return on equity at 26.83% and LTTS for a nearly debt-free balance sheet, with a debt-to-equity ratio of 0.09. Which one suits a portfolio depends on how much valuation risk it can carry, so staggering entries and reviewing each quarterly result is a sound habit. Investors comparing dividend yield above 1 per cent stocks should rank them on growth, financial strength and the price paid, and anyone who wants personalised guidance can consult a SEBI-registered advisor before acting.
Disclaimer: Data and figures in this article are sourced from publicly available information. These may or may not be accurate. Please verify all data with the official NSE (nseindia.com) and BSE (bseindia.com) websites before making any investment decision. Investments in securities are subject to market risk. This content is for educational purposes only and is not investment advice by Univest (SEBI RA INH000013776).
Frequently Asked Questions on Dividend Yield Above 1 Per Cent Stocks to Watch
Which are the best dividend yield above 1 per cent stocks to watch for multibagger potential?
Ans. Ashok Leyland, Dabur, NALCO and LTTS are the 4 names this list highlights, with market caps of Rs 84,474 crore, Rs 67,125 crore, Rs 59,012 crore and Rs 42,572 crore respectively. Ashok Leyland is notable for the largest market cap at Rs 84,474 crore. Dabur stands out for 5.18% revenue growth in FY26. NALCO offers the highest return on equity at 26.83%. LTTS brings a nearly debt-free balance sheet, with a debt-to-equity ratio of 0.09. These are watchlist names for dividend yield above 1 per cent stocks, not recommendations, so match each one to your own risk profile and time horizon.
Is NALCO a good stock for long-term investors?
Ans. NALCO has a return on equity of 26.83%, a PE of 8.75 against an industry PE of 12.46 and a market cap of Rs 59,012 crore. Net profit has compounded at 18.38% a year since FY22, and FY26 revenue rose 7.96% while June 2026 quarter net profit grew 90.87%. Long-term returns in dividend yield above 1 per cent stocks depend on earnings growth and the price paid at entry, so staggering purchases and consulting a SEBI-registered advisor is sensible.
Can LTTS become a multibagger from here?
Ans. LTTS has a market cap of Rs 42,572 crore. A multibagger outcome in dividend yield above 1 per cent stocks requires earnings to keep growing faster than the market for several years. Net profit has compounded at 6.38% a year since FY22, and FY26 revenue rose 13.86%. At a PE of 32.20 against an industry PE of 17.66, valuation should be checked against that growth before investing.
What is the market cap of Ashok Leyland, Dabur, NALCO and LTTS?
Ans. As of 26 October 2026, Ashok Leyland has a market cap of Rs 84,474 crore, Dabur has a market cap of Rs 67,125 crore, NALCO has a market cap of Rs 59,012 crore and LTTS has a market cap of Rs 42,572 crore. All of them qualify as midcaps. Market cap changes daily with the share price, so check the latest figure on the Univest Screener or on NSE before taking a decision on dividend yield above 1 per cent stocks.
What are the risks of investing in dividend yield above 1 per cent stocks?
Ans. The main risks are market swings, slower growth than expected and valuations that already reflect good news. Companies with strong balance sheets and steady earnings handle these better. LTTS trades at a PE of 32.20 against an industry PE of 17.66, so earnings growth needs to hold up.
Why is LTTS trading at a PE of 32.20?
Ans. LTTS’s PE of 32.20 compares with an industry PE of 17.66. The market is paying a premium for a return on equity of 19.76% and latest-quarter profit growth of 12.97%, which also means the stock is more sensitive if growth slows. Investors in dividend yield above 1 per cent stocks who are comfortable with higher valuation risk may prefer to stagger purchases instead of investing in one go.
How much do institutions hold in Ashok Leyland, Dabur, NALCO and LTTS?
Ans. As of the latest reported quarter, FII and DII together hold 36.44% of Ashok Leyland (20.68% and 15.76%), 28.38% of Dabur (9.66% and 18.72%), 33.21% of NALCO (21.99% and 11.22%) and 18.17% of LTTS (4.12% and 14.05%). Rising institutional holding is a useful signal in dividend yield above 1 per cent stocks, though it should be read with earnings trends rather than on its own.
