Some companies believe the best way to reward shareholders isn’t through regular dividend cheques but by reinvesting every rupee back into their business. These are called high growth stocks. They belong to companies that are expanding rapidly, entering new markets, and shaping the industries of tomorrow.
Unlike traditional blue chip firms that focus on steady payouts, high-growth companies operate in fast-moving, high-potential sectors like technology, renewable energy, healthcare innovation, and consumer brands. Their strategy is simple: build faster, innovate constantly, and scale aggressively.
Instead of distributing profits, they use their earnings to strengthen their competitive edge and fuel long-term expansion. This reinvestment is what often drives their stock prices to soar over time.
The 4 stocks with no to less dividends by high returns are as follows
Mazagon Dock Shipbuilders Ltd
Mazagon Dock Shipbuilders Limited is a prominent shipyard in India. Initially a small dry dock, MDL has evolved into a renowned shipbuilding company. It has constructed over 801 vessels since 1960, including warships, submarines, cargo/passenger ships, and offshore platforms.
With a market cap of Rs 1,07,724. crore , the shares of Mazagon Dock Shipbuilders Ltd have given a closing of Rs 2,670.55 on Friday . It has delivered a return of 3,005 percent over the last 5 years.
The shares are trading at a discount of 29 percent from its 52 week high of Rs 3,778, and its dividend yield stands at 0.64 percent. The Revenue from operations for the company stood at Rs 2,929 crore in Q2 FY26 when compared to Rs 2,757 crore in Q2 FY25 , growing by about 6.25 percent YoY .
The Net profit grew by about 28 percent YoY basis when you compare the Q2 FY26 profit at Rs 749 crore to Rs 585 crore in Q2 FY25 .Total Order Book as on 30th September 2025 stands at Rs 27,415 crore.
CG Power & Industrial Solutions Ltd
CG Power & Industrial Solutions is a global enterprise providing end-to-end solutions to utilities, industries and consumers for the management and application of efficient and sustainable electrical energy. It offers products, services and solutions in two main business segments: Power Systems and Industrial Systems.
With a market cap of Rs 1,15,414 crore , the shares of CG Power & Industrial Solutions Ltd have given a closing of Rs 732.9 on Friday . The shares are trading at a discount of 9.6 percent from its 52 week high of Rs 811.35. The shares of CG Power & Industrial Solutions Ltd have given a return of 2,189 percent over the last 5 years and its dividend yield stands at 0.17 percent.
The Revenue from operations for the company stood at Rs 2,923 crore in Q2 FY26 when compared to Rs 2,413 crore in Q2 FY25 , growing by about 21.14 percent YoY . The Net profit grew by about 30 percent YoY basis when you compare the Q2 FY26 profit at Rs 284 crore to Rs 220 crore in Q2 FY25 .
Adani Power Ltd
Adani Power (APL), a part of the diversified Adani Group, is the largest private thermal power producer in India. The company along with its subsidiaries sell power generated from these projects under a combination of long term Power Purchase Agreements, Short term PPA and on merchant basis.
With a market cap of Rs 2,92,163 crore ,the shares of Adani Power Ltd have given a closing of Rs 151.5. The shares are trading 17 percent below its 52 week high of Rs 182.75 and it has given a return of 1,885 percent over the last 5 years and its dividend yield stands at 0 percent.
The Revenue from operations for the company stood at Rs 13,457 crore in Q2 FY26 when compared to Rs 13,339 crore in Q2 FY25 , growing by about 0.88 percent YoY . The Net profit fell by about 11 percent YoY basis when you compare the Q2 FY26 profit at Rs 2,906 crore to Rs 3,298 crore in Q2 FY25 .
Rail Vikas Nigam Ltd
Rail Vikas Nigam Ltd is engaged in the business of implementing various types of Rail infrastructure projects assigned by MoR including doubling, gauge conversion, new lines, railway electrification, major bridges, workshops, Production Units and sharing of freight revenue with Railways and more.
With a market cap of Rs 66,314 crore, the shares of Rail Vikas Nigam Ltd have given a closing of Rs 318 and are trading at a discount of 37 percent from its 52 week high of Rs 501.55. The shares of Rail Vikas Nigam Ltd have given a return of 1,633 percent over the last 5 years, and its dividend yield stands at 0.53 percent.
The Revenue from operations for the company stood at Rs 3,909 crore in Q1 FY26 when compared to Rs 4,074 crore in Q1 FY25 , falling by about 4.05 percent YoY The Net profit fell by about 40 percent YoY basis when you compare the Q1 FY26 profit at Rs 134 crore to Rs 224 crore in Q1 FY25 .
Written by Leon Mendonca
Disclaimer
The views and investment tips expressed by investment experts/broking houses/rating agencies on tradebrains.in are their own, and not that of the website or its management. Investing in equities poses a risk of financial losses. Investors must therefore exercise due caution while investing or trading in stocks. Trade Brains Technologies Private Limited or the author are not liable for any losses caused as a result of the decision based on this article. Please consult your investment advisor before investing.
