4 Smallcap Dividend Yield Above 1 Per Cent Stocks to Watch for Future Multibagger Potential: Engineers India, RITES, Gujarat Pipavav and ICRA

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. Engineers India, RITES, Gujarat Pipavav and ICRA meet that test, with market caps from Rs 4,390 crore to Rs 15,825 crore and Engineers India offering the highest return on equity at 21.98%. Each of these companies has a market capitalisation below Rs 30,000 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 below Rs 30,000 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 below Rs 30,000 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 engineering consultancy, railway services, port services and credit ratings.

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. Whichever way you read dividend yield above 1 per cent stocks, the common thread is rising profit backed by complete financial data. For dividend yield above 1 per cent stocks, checking each result against the latest quarter matters more than any single ratio. The next sections explain what stands out in each of dividend yield above 1 per cent stocks, using FY26 and latest quarter data. Prices move daily, so recheck the figures for dividend yield above 1 per cent stocks before you decide.

Dividend Yield Above 1 Per Cent Stocks at a Glance: Price, Market Cap, PE and ROE

Prices are closing prices as of 26 October 2026. Gujarat Pipavav has the lowest PE of the group at 13.86, while Engineers India posts the highest return on equity at 21.98%.

Stock	CMP (Rs)	Market Cap (Rs Cr)	PE	Industry PE	ROE	Debt to Equity	52-Week Range (Rs)
Engineers India	244.20	15,825	20.18	22.89	21.98%	0.01	163.55 to 321.40
RITES	189.38	9,220	19.98	36.56	15.30%	0.00	175.00 to 259.70
Gujarat Pipavav Port	158.17	7,742	13.86	31.83	21.57%	0.02	141.55 to 200.09
ICRA	4,492.90	4,390	22.37	33.26	15.37%	0.02	4,198.20 to 6,620.00

Engineers India: Revenue Up 26.95% in FY26

Engineers India provides engineering consultancy and project management services to the oil, gas, petrochemical and infrastructure sectors. It reported FY26 revenue of Rs 4,123.24 crore, up 26.95% year on year, and net profit of Rs 691.59 crore, up 19.29%. Net profit has compounded at 19.17% a year since FY22, while revenue has grown 7.89% a year. Operating margin was 23.96% in FY26. The debt-to-equity ratio is 0.01, which keeps interest costs low.

Net profit for the June 2026 quarter grew 117.04% to Rs 157.94 crore. The share price has gained 248.24% over five years and 38.39% over the past year. Domestic institutions raised their holding from 13.75% in September 2025 to 16.61% in September 2026. The stock trades at a PE of 20.18 against an industry PE of 22.89, below the sector average, with a return on equity of 21.98%. The dividend yield is 1.78%.

RITES: Debt-to-Equity of 0.00

RITES provides engineering and consultancy services for railways and other transport infrastructure and also exports rolling stock. It reported FY26 revenue of Rs 2,524.57 crore, up 9.67% year on year, and net profit of Rs 454.44 crore, up 7.27%. Operating margin was 29.26% in FY26. The debt-to-equity ratio is 0.00, which keeps interest costs low.

The stock trades at a PE of 19.98 against an industry PE of 36.56, below the sector average, with a return on equity of 15.30%. The dividend yield is 3.78%. In the June 2026 quarter, revenue rose 9.57% to Rs 560.68 crore and net profit grew 7.58% to Rs 97.78 crore. Domestic institutions raised their holding from 8.66% in September 2025 to 9.16% in September 2026.

Gujarat Pipavav: 27.11% Profit CAGR Since FY22

Gujarat Pipavav Port runs a port in Gujarat that handles containers, bulk cargo and liquid cargo. It reported FY26 revenue of Rs 1,231.68 crore, up 15.25% year on year, and net profit of Rs 515.16 crore, up 29.80%. Net profit has compounded at 27.11% a year since FY22, while revenue has grown 12.38% a year. Operating margin was 70.97% in FY26. The debt-to-equity ratio is 0.02, which keeps interest costs low.

In the June 2026 quarter, revenue rose 28.02% to Rs 347.22 crore and net profit grew 41.76% to Rs 147.90 crore. Foreign investors raised their holding from 19.82% in September 2025 to 23.23% in September 2026. The stock trades at a PE of 13.86 against an industry PE of 31.83, below the sector average, with a return on equity of 21.57%.

ICRA: Debt-to-Equity of 0.02

ICRA is a credit rating and research company promoted by Moody's, and it also offers analytics, consulting and risk management services. It reported FY26 revenue of Rs 674.53 crore, up 17.22% year on year, and net profit of Rs 182.53 crore, up 6.62%. Net profit has compounded at 12.60% a year since FY22, while revenue has grown 15.15% a year. Operating margin was 47.23% in FY26. The debt-to-equity ratio is 0.02, which keeps interest costs low.

The stock trades at a PE of 22.37 against an industry PE of 33.26, below the sector average, with a return on equity of 15.37%. The dividend yield is 2.31%. In the June 2026 quarter, revenue rose 28.32% to Rs 191 crore and net profit grew 32.04% to Rs 56.46 crore. Foreign investors raised their holding from 6.87% in September 2025 to 8.00% in September 2026.

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)	Net Profit Growth (YoY)	Latest Quarter Profit Growth	Operating Margin (Latest Quarter)
Engineers India	4,123.24	691.59	26.95%	19.29%	117.04%	25.26%
RITES	2,524.57	454.44	9.67%	7.27%	7.58%	27.80%
Gujarat Pipavav	1,231.68	515.16	15.25%	29.80%	41.76%	69.52%
ICRA	674.53	182.53	17.22%	6.62%	32.04%	53.32%

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Institutional Holding in Engineers India, RITES, Gujarat Pipavav and ICRA

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. Gujarat Pipavav has the deepest institutional backing, with FII and DII together holding 36.32% as of September 2026. Domestic institutions increased their holding over the past year in Engineers India (from 13.75% to 16.61%) and RITES (from 8.66% to 9.16%).

Stock	Promoter	FII	DII	Public	Quarter
Engineers India	51.32%	8.09%	16.61%	23.98%	September 2026
RITES	72.20%	3.38%	9.16%	15.26%	September 2026
Gujarat Pipavav	44.01%	23.23%	13.09%	19.67%	September 2026
ICRA	51.87%	8.00%	20.12%	20.01%	September 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: A low PE can also reflect slower growth, so compare each PE with the growth rate instead of reading it alone.
• 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.

1. Check balance sheet strength first, and prefer a debt-to-equity ratio below 1 for non-financial companies.
2. Compare each PE with the industry PE (22.89 to 36.56) and ask whether the growth rate justifies any gap.
3. Track net profit growth, the operating margin and the return on equity in every quarterly result.
4. Stagger entries across quarters and review institutional holding every reporting season.

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Conclusion

Among dividend yield above 1 per cent stocks, Engineers India stands out for the highest return on equity at 21.98%, RITES for a nearly debt-free balance sheet, with a debt-to-equity ratio of 0.00, Gujarat Pipavav for the fastest profit growth, 27.11% a year since FY22 and ICRA for a nearly debt-free balance sheet, with a debt-to-equity ratio of 0.02. 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.

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. Engineers India, RITES, Gujarat Pipavav and ICRA are the 4 names this list highlights, with market caps of Rs 15,825 crore, Rs 9,220 crore, Rs 7,742 crore and Rs 4,390 crore respectively. Engineers India is notable for the highest return on equity at 21.98%. RITES stands out for a nearly debt-free balance sheet, with a debt-to-equity ratio of 0.00. Gujarat Pipavav offers the fastest profit growth, 27.11% a year since FY22. ICRA brings a nearly debt-free balance sheet, with a debt-to-equity ratio of 0.02. 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 Engineers India a good stock for long-term investors?

Ans. Engineers India has a return on equity of 21.98%, a PE of 20.18 against an industry PE of 22.89 and a market cap of Rs 15,825 crore. Net profit has compounded at 19.17% a year since FY22, and FY26 revenue rose 26.95% while June 2026 quarter net profit grew 117.04%. 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 Gujarat Pipavav become a multibagger from here?

Ans. Gujarat Pipavav has a market cap of Rs 7,742 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 27.11% a year since FY22, and FY26 revenue rose 15.25%. At a PE of 13.86 against an industry PE of 31.83, valuation should be checked against that growth before investing.

What is the market cap of Engineers India, RITES, Gujarat Pipavav and ICRA?

Ans. As of 26 October 2026, Engineers India has a market cap of Rs 15,825 crore, RITES has a market cap of Rs 9,220 crore, Gujarat Pipavav has a market cap of Rs 7,742 crore and ICRA has a market cap of Rs 4,390 crore. All of them qualify as smallcaps. 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. Comparing each PE with growth gives a fuller picture than the PE alone.

Is Gujarat Pipavav trading below its industry PE?

Ans. Gujarat Pipavav trades at a PE of 13.86 against an industry PE of 31.83. A lower PE means investors pay less for each rupee of earnings, but it should be read with growth (net profit has compounded at 27.11% a year since FY22 and FY26 revenue rose 15.25%) and balance sheet strength before drawing a conclusion.

How much do institutions hold in Engineers India, RITES, Gujarat Pipavav and ICRA?

Ans. As of the latest reported quarter, FII and DII together hold 24.70% of Engineers India (8.09% and 16.61%), 12.54% of RITES (3.38% and 9.16%), 36.32% of Gujarat Pipavav (23.23% and 13.09%) and 28.12% of ICRA (8.00% and 20.12%). 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.