How to choose bonus shares for investing?

When evaluating bonus shares, investors often examine the company's profitability record, reserves and surplus available for capitalisation, and past history of bonus issuances. While tracking the bonus share list, it is important to assess the industry outlook, dividend consistency, balance sheet strength, and whether the bonus issue aligns with other corporate actions such as stock splits or rights issues. Disclaimer: Please note that this is not a recommendation. Please do your own research or consult your financial advisor before investing.

Do Bonus Shares offer regular dividends?

Bonus shares themselves are not a guarantee of dividends. Whether a shareholder receives regular dividends depends on the issuing company's dividend policy and profitability after the bonus issue. This is why regular bonus giving stocks may not always offer regular dividends. Disclaimer: The latest data on dividends is derived from Tickertape Stock Screener.

What are the factors affecting Bonus Shares prices?

Corporate Announcements: Bonus issue declarations often influence demand as they signal confidence from the company. Earnings Performance: Strong profits and reserves that justify bonus issuance can impact investor sentiment. Dilution Effect: Although the overall market capitalisation remains unchanged, the increase in outstanding shares can influence short-term price adjustments. Market Sentiment: Perception that bonus shares improve liquidity and accessibility may drive price movements. Dividend History: Companies that pair bonus issues with consistent dividend policies often see stronger price responses. Disclaimer: Please note that this is not a recommendation. Please do your own research or consult your financial advisor before investing.

What is the difference between an upcoming bonus share and a stock split?

A stock split increases the number of shares by reducing the face value, keeping the total value the same. A bonus share is an additional share issued free to existing shareholders from the company's reserves, increasing the share count without changing the face value. Both dilute the price proportionally and are often tracked via bonus-share news.

Is there any benefit of bonus shares?

Bonus shares increase the number of shares held without requiring any additional payment from shareholders. They can improve share affordability after the price adjusts and may reflect that the company has accumulated sufficient reserves. However, a bonus issue of shares does not increase the total value of the investment at the time of allotment.

What is 2 is to 1 bonus share?

A 2:1 bonus share issue means a shareholder receives 2 additional shares for every 1 share already held. For example, if an investor owns 100 shares, they will receive an additional 200 shares, bringing the total holding to 300 shares after the bonus issue. Such updates are often part of the bonus share news flow.

Which is better, a bonus or a split share?

A bonus issue gives additional shares to shareholders from company reserves, while a stock split reduces the face value of each share and proportionately increases the number of shares. Neither is automatically better. The difference lies in how the company restructures its share capital, while the investment value generally remains unchanged immediately after the adjustment. These actions often appear together in a bonus-share list or a corporate actions tracker. Disclaimer: This is for informational purposes only and not investment advice. Bonus issues and stock splits should be understood in the context of the company's financial position and the purpose behind the action.

Is it good to buy shares when the bonus is announced?

A bonus announcement does not by itself make a stock attractive or unattractive. Share prices usually adjust for the bonus ratio, so the announcement alone does not create immediate value. Company fundamentals, valuation, earnings quality, and the rationale for the bonus issue remain important factors to examine, even for regular bonus-giving stocks. Disclaimer: This is for informational purposes only and not investment advice. Investors should conduct their own research or consult a financial advisor before making any investment decision.

Bonus Stocks: Top Bonus Shares in India (2026)

Q: How to invest in Bonus Shares?

Here's how you can invest in Bonus shares - Go to the Tickertape Stock Screener Select the "Bonus" stocks. From the Bonus shares, analyse and sort the Bonus shares using over 200+ filters - including valuation ratios, financials, technical indicators, and more - based on your investment thesis. Review the filtered bonus share list, and identify stocks that best align with your risk appetite, return expectations, and investment goals. Once you've shortlisted the stocks, click 'Place Order' to invest in your preferred Bonus shares. Disclaimer: Please do your own research or consult your financial advisor before investing.

A bonus share issuance is a corporate action in which a company distributes additional shares to existing shareholders from its accumulated reserves at no additional cost. While it increases the share count and triggers a proportional price adjustment, understanding its underlying mechanics and impact on shareholder value is essential for informed decision-making.

List of Bonus Share Stocks in India (2026)

Bonus Stock Screener

Bonus Stock Screener: Analyse & Filter Indian Stocks on Tickertape

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Showing 1 - 5 of 5 results

last updated at 6:30 AM IST

	NameStocks (5)↓	↓Sub-SectorSub-Sector↓	↓Market CapMarket Cap↓	↓Close PriceClose Price↓	↓PE RatioPE Ratio↓	↓1D Return1D Return↓	↓1M Return1M Return↓	↓6M Return6M Return↓	↓1Y Return1Y Return↓	↓PB RatioPB Ratio↓	↓Return on EquityReturn on Equity↓	↓ROCEROCE↓	↓Dividend YieldDiv Yield↓	↓Debt to EquityDebt to Equity↓	↓Volatility vs NiftyVolatility vs Nifty↓
1.	Bajaj Finance Ltd BAJFINANCE	Consumer FinanceConsumer Finance	5,96,378.495,96,378.49	958.60958.60	31.3631.36	0.880.88	15.6315.63	-8.00-8.00	7.327.32	6.036.03	18.9518.95	6.056.05	0.630.63	3.653.65	1.981.98
2.	Shilchar Technologies Ltd SHILCTECH	Electrical Components & EquipmentsElectrical Components & Equipments	5,507.885,507.88	4,814.504,814.50	34.8234.82	-6.14-6.14	23.4123.41	15.1215.12	15.1215.12	15.8815.88	52.7852.78	60.5660.56	0.390.39	0.000.00	4.324.32
3.	V-mart Retail Ltd VMART	Retail - Department StoresRetail - Department Stores	4,956.214,956.21	623.75623.75	108.29108.29	-1.88-1.88	16.1716.17	-23.92-23.92	-21.19-21.19	6.126.12	5.885.88	14.2314.23	--	0.970.97	2.682.68
4.	Investment & Precision Castings Ltd INVPRECQ	Auto PartsAuto Parts	626.55626.55	575.50575.50	103.56103.56	-5.86-5.86	7.977.97	13.9013.90	47.9847.98	6.866.86	6.846.84	14.4814.48	0.040.04	0.710.71	3.093.09
5.	Shalibhadra Finance Ltd SAHLIBHFI	Diversified FinancialsDiversified Financials	249.55249.55	80.7680.76	15.6015.60	-0.49-0.49	3.943.94	-24.98-24.98	-41.20-41.20	1.621.62	12.7512.75	12.5812.58	0.120.12	0.240.24	2.902.90

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Disclaimer: Please note that the above table is for informational purposes only, and is not recommendatory. Please do your own research or consult your financial advisor before investing. The data is derived from Tickertape Stock Screener and is subject to real-time updates.

Selection criteria: Bonus Shares, based on publicly available information and is sorted by market cap.

What are Bonus Shares?

Bonus shares are free additional shares that a company issues to its existing shareholders. Instead of paying dividends in cash, the company rewards shareholders by giving them extra shares in proportion to the ones they already hold.

For example, if a company announces a 2:1 bonus issue of shares, it means every shareholder will receive 2 extra shares for every 1 share owned.

Overview of the Top Bonus Shares

Shalibhadra Finance Ltd

Shalibhadra Finance Ltd is a non-banking financial company (NBFC) primarily engaged in providing two-wheeler, auto, and agriculture-based loans in rural and semi-urban India. The company focuses on financing lower-income groups, promoting financial inclusion across underbanked regions.

Investment & Precision Castings Ltd

Investment & Precision Castings Ltd specialises in manufacturing investment cast components for industries such as aerospace, automotive, defense, and engineering. Using the lost-wax casting process, the company delivers high-quality, complex metal parts with precision for both domestic and global markets.

Bajaj Finance Ltd

Bajaj Finance Ltd, a leading NBFC in India, offers a wide range of financial products, including consumer loans, SME lending, commercial financing, and wealth management. Known for its innovative digital lending model, it operates under the broader Bajaj Finserv group.

Shilchar Technologies Ltd

Shilchar Technologies Ltd manufactures transformers and other electrical equipment, catering to sectors such as power generation, transmission, and renewable energy. The company supplies both domestic and export markets, playing a key role in supporting infrastructure and energy development.

V-mart Retail Ltd

V-Mart Retail Ltd is a value fashion and lifestyle retail chain targeting tier-II and tier-III cities across India. Offering affordable apparel, accessories, and general merchandise, V-Mart serves middle-income consumers with a strong presence in underserved regional markets.

How to Invest in Bonus Shares?

Investing in regular bonus-giving stocks using Tickertape is a straightforward process. Tickertape is a powerful stock analysis and screening tool that helps you make informed investment decisions. Here’s how you can use Tickertape to invest in Bonus Shares:

Sign Up and Log In: You can create an account on the Tickertape or log in if you already have one.
Search for Bonus Shares: Go to Tickertape Stock Screener and search for Bonus Shares.
Use Filters: You can apply over 200 filters to get stocks sorted based on criteria like market cap, P/E ratio, or dividend yield. You can create your own custom filter if your preferred parameters are not available. This can help you narrow down the top Bonus Shares in India.
Analyse Stock Data: Tickertape provides comprehensive data on each stock, including financials, performance metrics, future projections, red flags, and more. You can review this data to assess each company’s health and potential in-depth.
Add to Watchlist: You may keep track of potential investments by adding them to your watchlist.
Invest Through Your Broker: Once you’ve identified Bonus Shares that align with your investment thesis, you can place a buy order through your brokerage account linked to Tickertape.

You can stay updated with each of your favourite stocks’ alerts and announcements with Tickertape Alerts. Further, you can analyse your overall portfolio and potential red flags in it by connecting it to Tickertape. Check out detailed analysis of your portfolio now!

Advantages of Investing in Bonus Shares

Higher Share Count

A bonus issue increases the number of shares held without any extra payment. For example, recent 2026 bonus announcements included 1:1 and 3:1 issues, which means holdings can double or increase further in share count.

Improved Trading Affordability

Bonus issues usually reduce the post-adjustment share price because the number of outstanding shares increases while the overall market value remains broadly unchanged. This can make the stock appear more affordable and may improve trading activity.

Signal of Reserve Strength

Bonus shares are issued from reserves such as free reserves or securities premium, which means the company must have accumulated distributable reserves before issuing them. This can reflect balance-sheet strength, though it does not create new value on its own.

Broader Market Participation

Bonus issues remain common in India's listed market. Multiple companies announced bonus issues in early 2026, including 1:2, 1:1, 3:1, and 5:7 ratios, indicating that bonus shares remain an active corporate action across the market.

Risks of Investing in Bonus Shares

No Immediate Wealth Creation

A bonus issue does not increase the total value of the investment at the time of allotment. The share price adjusts after the issue, so the higher number of shares does not automatically mean higher wealth.

Price Adjustment Risk

Once a stock turns ex-bonus, its market price adjusts according to the bonus ratio. This can create the impression of a price decline, even though it primarily reflects an increase in the share count.

Quality Risk

A bonus issue alone does not indicate stronger earnings or future growth. Companies can issue bonus shares from existing reserves, but future stock performance still depends on business fundamentals, profitability, and execution.

Eligibility and Settlement Risk

To receive bonus shares, investors must buy before the ex-date and hold the shares by the record date. Under India's T+1 settlement system, buying on the ex-date does not make the investor eligible.

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Factors to Consider Before Investing in Bonus Shares

Bonus Ratio

The bonus ratio determines the increase in share count. A 1:1 bonus doubles the number of shares, while a 3:1 bonus adds three shares for every one held. It also affects the post-bonus price adjustment.

Source of Reserves

Companies issue bonus shares from eligible reserves such as free reserves or cash-collected securities premiums. Revaluation reserves are not permitted, so the nature of reserves used remains relevant.

Record Date and Ex-Date

Both dates determine bonus eligibility. In 2026, several bonus issues had record dates of March 27, April 1, and April 10, which determined shareholder entitlement.

Demat Requirement

Under the current framework, companies allot bonus shares only in dematerialised form. Shareholders who hold original shares in demat accounts receive the additional shares directly.

Conclusion

Bonus shares are a straightforward yet powerful tool for companies to reward shareholders without monetary payout, boosting liquidity and market participation. While they don’t increase wealth outright, they offer long-term potential, especially when backed by financial strength.

As not all Bonus Shares reflect equal strategic outcomes, it's important to evaluate them thoroughly. Using the Tickertape Stock Screener with over +200 filters, you can identify companies issuing bonus shares that align with your investment thesis, tracking profitability, reserves, equity growth, and return metrics before making an informed decision.

Frequently Asked Questions on Bonus Shares

What are Bonus Shares?
Bonus shares are additional shares issued by a company to its existing shareholders at no extra cost, usually by capitalising its reserves or retained earnings. This bonus issue of shares increases the number of outstanding shares without altering the overall market capitalisation.
How to invest in Bonus Shares?
Here's how you can invest in Bonus shares -
1. Go to the Tickertape Stock Screener
2. Select the "Bonus" stocks.
3. From the Bonus shares, analyse and sort the Bonus shares using over 200+ filters - including valuation ratios, financials, technical indicators, and more - based on your investment thesis.
4. Review the filtered bonus share list, and identify stocks that best align with your risk appetite, return expectations, and investment goals.
5. Once you've shortlisted the stocks, click 'Place Order' to invest in your preferred Bonus shares.
How to choose bonus shares for investing?
When evaluating bonus shares, investors often examine the company's profitability record, reserves and surplus available for capitalisation, and past history of bonus issuances. While tracking the bonus share list, it is important to assess the industry outlook, dividend consistency, balance sheet strength, and whether the bonus issue aligns with other corporate actions such as stock splits or rights issues.

Disclaimer: Please note that this is not a recommendation. Please do your own research or consult your financial advisor before investing.
Do Bonus Shares offer regular dividends?
Bonus shares themselves are not a guarantee of dividends. Whether a shareholder receives regular dividends depends on the issuing company's dividend policy and profitability after the bonus issue. This is why regular bonus giving stocks may not always offer regular dividends.

Disclaimer: The latest data on dividends is derived from Tickertape Stock Screener.
What are the factors affecting Bonus Shares prices?
1. Corporate Announcements: Bonus issue declarations often influence demand as they signal confidence from the company.
2. Earnings Performance: Strong profits and reserves that justify bonus issuance can impact investor sentiment.
3. Dilution Effect: Although the overall market capitalisation remains unchanged, the increase in outstanding shares can influence short-term price adjustments.
4. Market Sentiment: Perception that bonus shares improve liquidity and accessibility may drive price movements.
5. Dividend History: Companies that pair bonus issues with consistent dividend policies often see stronger price responses.
Disclaimer: Please note that this is not a recommendation. Please do your own research or consult your financial advisor before investing.
What is the difference between an upcoming bonus share and a stock split?
A stock split increases the number of shares by reducing the face value, keeping the total value the same. A bonus share is an additional share issued free to existing shareholders from the company's reserves, increasing the share count without changing the face value. Both dilute the price proportionally and are often tracked via bonus-share news.
Is there any benefit of bonus shares?
Bonus shares increase the number of shares held without requiring any additional payment from shareholders. They can improve share affordability after the price adjusts and may reflect that the company has accumulated sufficient reserves. However, a bonus issue of shares does not increase the total value of the investment at the time of allotment.
What is 2 is to 1 bonus share?
A 2:1 bonus share issue means a shareholder receives 2 additional shares for every 1 share already held. For example, if an investor owns 100 shares, they will receive an additional 200 shares, bringing the total holding to 300 shares after the bonus issue. Such updates are often part of the bonus share news flow.
Which is better, a bonus or a split share?
A bonus issue gives additional shares to shareholders from company reserves, while a stock split reduces the face value of each share and proportionately increases the number of shares. Neither is automatically better. The difference lies in how the company restructures its share capital, while the investment value generally remains unchanged immediately after the adjustment. These actions often appear together in a bonus-share list or a corporate actions tracker.

Disclaimer: This is for informational purposes only and not investment advice. Bonus issues and stock splits should be understood in the context of the company's financial position and the purpose behind the action.
Is it good to buy shares when the bonus is announced?
A bonus announcement does not by itself make a stock attractive or unattractive. Share prices usually adjust for the bonus ratio, so the announcement alone does not create immediate value. Company fundamentals, valuation, earnings quality, and the rationale for the bonus issue remain important factors to examine, even for regular bonus-giving stocks.

Disclaimer: This is for informational purposes only and not investment advice. Investors should conduct their own research or consult a financial advisor before making any investment decision.

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Disclaimer: This article is for informational purposes only. The content of the article including securities/investment products mentioned if any, should not in any manner be construed as an investment advice, recommendation, offer, solicitation to buy/hold/sell any securities/investment products. The securities quoted if any, are for illustration only and are not recommendatory. Investment in securities market are subject to market risks. Read all the related documents carefully before investing. Please consult a SEBI-registered financial advisor before investing.