Investment education / Historical market analysis
10 Indian Shares That Delivered Strong Capital Gains and Dividends
A look at ten Indian listed companies whose shares appreciated between selected purchase dates in 2022 or 2023 and 18 December 2023, including the dividend information recorded at that time.
How the historical returns were calculated
Each example compares the recorded purchase price with the quoted price on 18 December 2023. The per-share price gain is the difference between these two prices, and the percentage gain is that difference divided by the purchase price, multiplied by 100. These are unrealised price gains unless the shares were actually sold at the quoted price.
Dividend figures are shown separately and are not included in the price-gain percentages. A listed dividend does not necessarily mean a hypothetical buyer on the stated purchase date qualified to receive it: entitlement depends on the applicable record date. Brokerage, taxes, transaction charges and subsequent corporate actions are excluded.
1. IRFC (Indian Railway Finance Corporation)
The following figures reproduce the original investment example, using the quoted price on 18 December 2023. They are historical observations, not current market prices.
| Purchase Date | 20.08.2023 |
|---|---|
| Purchase Price | Rs. 40.50 per share |
| Rate on 18.12.2023 | Rs. 96.35 per share |
| Profit | Rs. 55.85 per share |
| Profit (Capital Gain) % | 137.90% |
| Last dividend date | 10.11.2023 |
| Last Dividend | Rs. 0.80 per share (Interim) |
| Face value of share | Rs. 10/- per share |
2. PCBL Ltd. (Phillips Carbon Black Limited)
The following figures reproduce the original investment example, using the quoted price on 18 December 2023. They are historical observations, not current market prices.
| Purchase Date | 24.02.2023 |
|---|---|
| Purchase Price | Rs. 114/- per share |
| Rate on 18.12.2023 | Rs. 265/- per share |
| Profit | Rs. 151/- per share |
| Profit (Capital Gain) % | 132.45% |
| Last dividend date | 10.02.2023 |
| Last Dividend | Rs. 5.50 per share (Interim) |
| Face value of share | Re. 1/- per share |
3. Coal India Ltd
The following figures reproduce the original investment example, using the quoted price on 18 December 2023. They are historical observations, not current market prices.
| Purchase Date | 03.08.2023 |
|---|---|
| Purchase Price | Rs. 232.90 per share |
| Rate on 18.12.2023 | Rs. 351.25 per share |
| Profit | Rs. 118.35 per share |
| Profit (Capital Gain) % | 50.82% |
| Last dividend date | 21.11.2023 |
| Last Dividend | Rs. 15.25 per share (Interim) |
| Face value of share | Rs. 10/- per share |
4. NTPC Ltd
The following figures reproduce the original investment example, using the quoted price on 18 December 2023. They are historical observations, not current market prices.
| Purchase Date | 11.01.2022 |
|---|---|
| Purchase Price | Rs. 133.65/- per share |
| Rate on 18.12.2023 | Rs. 306.55 per share |
| Profit | Rs. 172.90 per share |
| Profit (Capital Gain) % | 129.37% |
| Last dividend date | 03.11.2023 |
| Last Dividend | Rs. 2.25 per share (Interim) |
| Face value of share | Rs. 10/- per share |
5. Zomato Ltd
The following figures reproduce the original investment example, using the quoted price on 18 December 2023. They are historical observations, not current market prices.
| Purchase Date | 08.08.2023 |
|---|---|
| Purchase Price | Rs. 93.90 per share |
| Rate on 18.12.2023 | Rs. 129 per share |
| Profit | Rs. 35.10 per share |
| Profit (Capital Gain) % | 37.38% |
| Last dividend date | NA |
| Last Dividend | NA |
| Face value of share | Re. 1/- per share |
The original snapshot reported no dividend for this company. Zomato Limited was subsequently renamed Eternal Limited; check corporate filings for the current company name and share details.
6. Mahindra and Mahindra Ltd.
The following figures reproduce the original investment example, using the quoted price on 18 December 2023. They are historical observations, not current market prices.
| Purchase Date | 19.01.2022 |
|---|---|
| Purchase Price | Rs. 892.42 per share |
| Rate on 18.12.2023 | Rs. 1,731.85 per share |
| Profit | Rs. 839.43 per share |
| Profit (Capital Gain) % | 94.06% |
| Last dividend date | 14.07.2023 |
| Last Dividend | Rs. 16.25 per share (Final) |
| Face value of share | Rs. 5/- per share |
7. Hindustan Copper Ltd
The following figures reproduce the original investment example, using the quoted price on 18 December 2023. They are historical observations, not current market prices.
| Purchase Date | 02.08.2023 |
|---|---|
| Purchase Price | Rs. 149/- per share |
| Rate on 18.12.2023 | Rs. 194/- per share |
| Profit | Rs. 45/- per share |
| Profit (Capital Gain) % | 30.20% |
| Last dividend date | 22.09.2023 |
| Last Dividend | Rs. 0.92 per share (Final) |
| Face value of share | Rs. 5/- per share |
8. Tata Steel Ltd
The following figures reproduce the original investment example, using the quoted price on 18 December 2023. They are historical observations, not current market prices.
| Purchase Date | 06.07.2023 |
|---|---|
| Purchase Price | Rs. 112/- per share |
| Rate on 18.12.2023 | Rs. 137.60 per share |
| Profit | Rs. 25.60 per share |
| Profit (Capital Gain) % | 22.85% |
| Last dividend date | 22.06.2023 |
| Last Dividend | Rs. 3.60 per share (Final) |
| Face value of share | Re. 1/- per share |
9. Mazagon Dock Shipbuilders Ltd
The following figures reproduce the original investment example, using the quoted price on 18 December 2023. They are historical observations, not current market prices.
| Purchase Date | 23.10.2023 |
|---|---|
| Purchase Price | Rs. 2,024.70 per share |
| Rate on 18.12.2023 | Rs. 2,175/- per share |
| Profit | Rs. 150.30 per share |
| Profit (Capital Gain) % | 7.42% |
| Last dividend date | 20.11.2023 |
| Last Dividend | Rs. 15.34 per share (Interim) |
| Face value of share | Rs. 10/- per share |
Historical prices are not adjusted here for subsequent corporate actions, including any share split. Do not compare them directly with current quotes.
10. Shree Cement
The following figures reproduce the original investment example, using the quoted price on 18 December 2023. They are historical observations, not current market prices.
| Purchase Date | 24.01.2023 |
|---|---|
| Purchase Price | Rs. 22,500/- per share |
| Rate on 18.12.2023 | Rs. 28,859/- per share |
| Profit | Rs. 6,359/- per share |
| Profit (Capital Gain) % | 28.26% |
| Last dividend date | 01.06.2023 |
| Last Dividend | Rs. 55 per share (Interim) |
| Face value of share | Rs. 10/- per share |
What investors should consider before buying shares
Strong past performance does not guarantee future returns. Evaluate the company's earnings, valuation, debt, cash flow, business prospects and dividend sustainability. Compare adjusted historical prices when corporate actions have occurred, and check current exchange announcements before acting.
For Indian tax purposes, gains on listed equity generally depend on the holding period, the applicable securities transaction tax conditions and the date of transfer. Under the rules introduced from 23 July 2024, qualifying short-term capital gains under Section 111A are generally taxed at 20%, while qualifying long-term gains under Section 112A exceeding the annual threshold of Rs. 1,25,000 are generally taxed at 12.5%, subject to applicable surcharge, cess and statutory conditions. Dividend income is generally taxable in the shareholder's hands at applicable rates. Tax rules may change, so verify the law relevant to the assessment year and your circumstances.
For updated prices, corporate actions and dividend announcements, refer to the National Stock Exchange, BSE and the Income Tax Department.
Disclaimer: This article is for general information and education, not personalised investment or tax advice.