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Bonus Stocks: Top Bonus Shares in India (2026)

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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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 LtdBAJFINANCEConsumer FinanceConsumer Finance5,99,178.105,99,178.10959.60959.6031.5131.51-1.07-1.07-9.48-9.4812.7812.78-4.89-4.895.125.1217.6217.625.075.070.620.623.723.722.082.08
2.V-Mart Retail LtdVMARTRetail - Department StoresRetail - Department Stores6,310.336,310.33787.10787.1050.8950.892.092.09-3.29-3.2928.5228.52-4.70-4.706.636.6314.0814.0814.5414.540.130.131.011.012.562.56
3.Shilchar Technologies LtdSHILCTECHElectronic EquipmentsElectronic Equipments4,683.854,683.854,100.004,100.0029.6129.611.661.661.051.050.470.47-1.96-1.969.549.5437.7737.7742.8642.860.310.310.000.003.793.79
4.Investment & Precision Castings LtdINVPRECQAuto PartsAuto Parts1,612.101,612.101,570.101,570.10137.08137.08-2.61-2.6120.9620.96199.10199.10288.35288.3515.7115.7112.1312.1317.9217.920.030.030.700.703.003.00
5.Shalibhadra Finance LtdSAHLIBHFIDiversified FinancialsDiversified Financials236.91236.9177.4777.4712.1612.161.001.00-14.73-14.73-1.32-1.32-27.46-27.461.381.3811.9411.9411.4511.450.650.650.330.333.053.05
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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 gives to its existing shareholders. Instead of paying dividends in cash, the company rewards shareholders with extra shares based on the number of shares they already own.

For example, if a company announces a 2:1 bonus issue of shares, every shareholder receives 2 extra shares for every 1 share they own.

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:

  1. Sign Up and Log In: You can create an account on the Tickertape or log in if you already have one.
    2. 

  2. Search for Bonus Shares: Go to Tickertape Stock Screener and search for Bonus Shares.
    3. 

  3. 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.
    4. 

  4. 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.
    5. 

  5. Add to Watchlist: You may keep track of potential investments by adding them to your watchlist.
    6. 

  6. 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.
    7. 


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

Additional Shares

A 1:1 bonus issue gives an eligible shareholder twice as many shares without requiring any additional payment. However, the market price adjusts proportionately. This means the corporate action itself does not increase the investment's economic value.

Lower Trading Price

Bonus issues increase the number of outstanding shares and proportionately reduce their theoretical market price. For example, if a stock trades at ₹1,000 and the company issues bonus shares in a 1:1 ratio, the theoretical ex-bonus price becomes ₹500.

Ownership Continuity

Bonus shares help maintain proportional ownership when all eligible shareholders receive shares in the same ratio. For example, an investor holding 100 shares before a 1:2 bonus issue would hold 150 shares after the issue, assuming no other transactions.

Capitalisation of Reserves

A bonus issue converts eligible company reserves into paid-up share capital without distributing cash to shareholders. This changes the composition of shareholders' equity while keeping the company's operating assets and cash position unchanged.

Risks of Investing in Bonus Shares

No Automatic Wealth Creation

Bonus shares increase the number of shares you own without increasing the company's underlying value. Receiving additional shares does not automatically generate a return because the theoretical market price adjusts proportionately.

Price Volatility

Shares can see increased trading activity around bonus announcements and ex-dates. Market expectations, speculative positioning and subsequent selling can cause actual prices to differ from theoretical adjustments. This can create short-term volatility.

Misleading Affordability

A lower ex-bonus share price can make a stock appear cheaper. However, the corporate action does not change the company's earnings or market capitalisation. This makes the reduced nominal price an incomplete measure of the stock's value.

Earnings Dilution

Bonus issues increase the number of outstanding shares without immediately increasing earnings. As a result, earnings per share decline proportionately, even when total profit remains unchanged. Investors therefore need to account for the expanded share base when making comparisons.

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Factors to Consider Before Investing in Bonus Shares

Bonus Ratio

The announced ratio determines how many additional shares you receive. A 2:1 bonus issue gives you two additional shares for every existing share you hold. This increases your total holding threefold before you account for any later market transactions.

Record Date

The record date determines which shareholders qualify for bonus shares. The ex-date follows the market’s settlement framework, so the timing of your share purchase matters when determining your eligibility under the announced corporate action.

Financial Performance

A bonus announcement does not change the company’s revenue, earnings or operating cash flow. You should still consider the company’s underlying financial performance because future shareholder returns depend on business developments rather than the additional shares you receive.

Adjusted Valuation

You need bonus-adjusted data when comparing price-to-earnings ratios and historical prices. Comparing the ex-bonus price with an unadjusted historical price can give you a misleading impression of a substantial decline in the company’s market valuation.

Conclusion

Bonus shares give companies a simple way to reward shareholders without making a cash payment. They can also improve liquidity and encourage greater market participation. However, bonus shares do not increase an investor’s wealth on their own. They can still offer long-term potential when the company has strong financial health. Not all bonus shares lead to the same strategic outcomes, so investors should evaluate them carefully. Tickertape Stock Screener offers over +200 filters that can help you find companies issuing bonus shares that match your investment approach. You can track factors such as profitability, reserves, equity growth, and return metrics before making an informed decision.

Frequently Asked Questions on Bonus Shares

  1. What is Bonus Shares?

    Bonus shares are additional shares issued by a company to existing shareholders at no extra cost, usually by capitalising reserves or retained earnings. This increases outstanding shares without changing the company's underlying value.

  2. How to invest in Bonus Shares?

    Here’s how users can explore an upcoming bonus share and invest through Tickertape:
    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.


    Disclaimer: Please do your own research or consult your financial advisor before investing.

  3. How to choose bonus shares for investing?

    When evaluating companies in a bonus share list, relevant factors include profitability, reserves available for capitalisation, past bonus issuances, industry outlook, dividend consistency and balance sheet strength. Other corporate actions, such as stock splits or rights issues, may also affect share capital.

    Disclaimer: Please note that this is not a recommendation. Please do your own research or consult your financial advisor before investing.

  4. Do Bonus Shares offer regular dividends?

    Bonus shares themselves do not guarantee dividends. Whether a shareholder receives regular dividends depends on the issuing company’s dividend policy and profitability after the bonus issue. Even companies appearing among the top 10 bonus share giving Indian companies may not distribute regular dividends.

    Disclaimer: The latest data on dividends is derived from Tickertape Stock Screener.

  5. What are the factors affecting Bonus Shares prices?

    Several factors can influence the share prices of companies appearing in a bonus share list:
    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.

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

    A bonus issue stock split comparison highlights two different corporate actions. A stock split reduces face value and increases share count, while a bonus issue distributes additional shares from company reserves without changing face value. Neither automatically increases shareholder wealth.

  7. Is there any benefit of bonus shares?

    Bonus shares increase the number of shares held without requiring additional payment. They may improve affordability after the price adjusts and reflect accumulated reserves. However, an upcoming bonus share does not itself increase the total investment value at allotment.

  8. What is 2 is to 1 bonus share?

    A 2:1 bonus issue provides two additional shares for every existing share. An investor holding 100 shares would receive 200 additional shares, increasing the total holding to 300. Such corporate actions are recorded in a bonus share list.

  9. Which is better, a bonus or a split share?

    An upcoming stock split and bonus share may both increase outstanding shares, but through different mechanisms. A bonus issue capitalises reserves, while a stock split reduces face value. Neither automatically increases investment value, and the financial implications differ.

    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.

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

    An upcoming bonus share announcement does not automatically make a stock attractive or unattractive. Share prices generally adjust for the bonus ratio, while company fundamentals, valuation, earnings quality and the rationale for the issue remain relevant.

    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.