The shares of Indian Railway Finance Corporation, LTIMindtree, Waaree Energies,Dalmia Bharat, and HDB Financial Services are set to trade ex-dividend on Friday, October 24, 2025. To be eligible for the upcoming dividends, investors must have bought the shares before the ex-date and hold them at least till the record date.

Indian Railway Finance Corporation Ltd.IRFC₹125.06 -0.11%

Indian Railway Finance Corporation Ltd. has announced a final dividend of ₹1.05 per equity share. The record date for the same is Friday, October 24, 2025. IRFC has a current dividend yield of 1.30% TTM. 

IRFC is a Navratna CPSE (Public Sector Enterprise) and financing arm of the Ministry of Railways, established in 1986. Registered as an Infrastructure Finance Company (NBFC-IFC) with the RBI, its primary business is mobilizing funds to finance the acquisition of rolling stock and the creation of rail infrastructure, which are then leased back to Indian Railways.

IRFC reported its highest-ever quarterly Profit After Tax (PAT) for Q2 FY2026, reaching ₹1,776.98 crores, marking a robust 10.19% growth year-on-year. This strong profitability was driven by the success of its strategic diversification, which led to an improved Net Interest Margin (NIM) of 1.55% (annualized). Despite no new business from Indian Railways, the corporation sanctioned new railway-linked agreements worth ₹ 45,382 crores in the first half.

Over the last three and five years, this stock has given multibagger returns of more than 485% and 380% respectively.

Let’s take a look at its Factor Analysis scores:

LTIMindtree Ltd.LTIM₹5,665.50 +1.88%

LTIMindtree Ltd. has announced a final dividend of ₹22 per equity share. The record date for the same is Friday, October 24, 2025. LTIMindtree has a current dividend yield of 1.10% TTM. 

LTIMindtree is a global technology consulting and digital solutions company and a subsidiary of the Larsen & Toubro Group. With 86,447 professionals as of September 30, 2025, the company focuses on becoming an AI-centric organization, leveraging its proprietary BlueVerse™ ecosystem to secure large deals in media, finance, and manufacturing sectors.

LTIMindtree reported a strong Q2 FY2026, delivering its second consecutive quarter of growth and margin improvement. Revenue totalled to ₹10,3943 million. Net Profit saw a 10% Q-o-Q growth to ₹13,812 million. The company reported a significant increase in its number of $1 million+ clients.

Let’s take a look at its Factor Analysis scores: 

Waaree Energies Ltd.WAAREEENER₹3,599.30 +2.42%

Waaree Energies Ltd. has announced a final dividend of ₹2 per equity share. The record date for the same is Friday, October 24, 2025. 

Waaree Energies Limited is India’s leading renewable energy company, specializing in solar PV module and cell manufacturing, with an installed capacity of approximately 18.7 GW for modules. The company has aggressively expanded its operations in India and the US, and is rapidly transitioning into an integrated energy solutions provider. 

Waaree Energies reported its best-ever quarterly performance in Q2 FY2026, driven by strong growth in production (2.64 GW output). Total income surged 70% year-on-year (YoY) to ₹6,226 crores. Profitability saw exceptional growth, with EBITDA up by 155% YoY to ₹1,567 crores, and the corresponding margin expanding to 25%. Profit After Tax (PAT) saw a 134% YoY surge, reaching ₹878 crores. 

Since listing, this stock has delivered multibagger returns of more than 140%.

Dalmia Bharat Ltd.DALBHARAT₹2,146.80 -1.77%

Dalmia Bharat Ltd. has announced a final dividend of ₹4 per equity share. The record date for the same is Saturday, October 25, 2025. Dalmia Bharat has a current dividend yield of 0.40% TTM.

Dalmia Bharat is a leading Indian cement manufacturer known for having one of the lowest total production costs in the country. The company is committed to aggressive expansion, targeting a total capacity of 34.3 MnTPA by Q2 FY28, with major new projects underway in Umrangso, Assam, and Kadapa, Andhra Pradesh.

Dalmia Bharat delivered a strong operating quarter. EBITDA surged 60% YoY to ₹696 Cr, driven by robust cost control and a 7.6% increase in Net Sales Realization per tonne. Sales volume stood at 6.9 MnT. On the capacity front, the new 3.6 MnT clinker unit in Umrangso, Assam, began its trial run.

Over the last five years, this stock has delivered multibagger returns of more than 155%.

Let’s take a look at its Factor Analysis scores:

HDB Financial Services Ltd.HDBFS₹740.70 +0.05%

HDB Financial Services Ltd. has announced a final dividend of ₹2 per equity share. The record date for the same is Friday, October 24, 2025. 

HDB Financial Services is a non-deposit taking NBFC established in 2007 as a subsidiary of HDFC Bank. Classified as an upper layer NBFC by the RBI, the company provides a wide range of secured and unsecured loan products across Enterprise Lending, Asset Finance, and Consumer Finance, serving individuals and micro-businesses through a network of 1,749 branches across India.

HDB Financial Services demonstrated strong underlying growth in Q2 FY2026. Assets Under Management (AUM) grew 12.8% YoY to ₹1,11,721 crores. Net Interest Income increased 19.6% YoY to ₹2,192 crores, and Pre-provisioning Operating Profit surged 24.4% YoY to ₹1,530 crores. However, the period saw higher provisioning, with Loan Losses and Provisions rising to ₹748 crores. Consequently, Profit After Tax (PAT) declined slightly to ₹581 crores (compared to ₹591 crores a year ago).

Let’s take a look at its Factor Analysis scores: 

Note: The stock prices mentioned are as of 1:25 pm.