Synopsis: A veteran investor’s diversified small and mid-cap portfolio quietly delivered an estimated Rs 3.24 crore in dividend income in FY26, with her holdings across petrochemicals, industrials, and specialty materials all contributing to a steady passive income stream alongside long-term capital gains.
Dolly Khanna, one of India’s most recognised veteran investors, has built a reputation over decades for identifying fundamentally strong small and mid-cap businesses with long-term growth potential. The portfolio spans a wide range of sectors including petrochemicals, industrials, textiles, and specialty chemicals.
As per the latest corporate shareholdings filed, Dolly Khanna publicly holds 9 stocks with a net worth of over Rs 505.9 crore. While her stock picks are closely tracked by the market, her portfolio also generates consistent passive income through dividends – and FY26 was no exception. Here is a company-wise breakdown of her estimated dividend earnings.
A Portfolio Built for the Long Term
Dolly Khanna has long been known for her patient, conviction-driven approach to investing, preferring businesses with solid fundamentals and steady cash generation over short-term momentum plays. This philosophy also reflects in her dividend income, which in FY26 came from seven companies across diverse sectors – each rewarding long-term shareholders with consistent payouts.
Company-Wise Dividend Breakdown
Chennai Petroleum Corporation Limited, a refining company and subsidiary of Indian Oil Corporation processing crude oil into fuel and petroleum products, announced a dividend of ₹5 per share. Khanna’s stake in the company had dipped below 1% at one point during the year, making her exact holding undisclosed for that period. However, with her stake recovering to 1.3% as of March 2025 following fresh purchases, her estimated dividend income from Chennai Petroleum is approximately ₹90 lakh.
- Southern Petrochemicals Industries Corporation Limited, a manufacturer of fertilisers and petrochemical products catering to the agricultural sector, paid Rs 2 per share. Khanna’s holding of 55.72 lakh shares translated into an estimated Rs 1.11 crore in dividend income.
- Prakash Industries Limited, an integrated steel and power producer, declared a dividend of Rs 1.5 per share on her holding of 40.42 lakh shares, generating an estimated Rs 60.63 lakh.
- Sarla Performance Fibers, a manufacturer of specialty synthetic yarns for global textile markets, paid Rs 3 per share, yielding an estimated Rs 25.98 lakh.
- Emkay Global Financial Services, a full-service broking and financial advisory firm, declared Rs 4 per share, adding approximately Rs 18.10 lakh.
- Prakash Pipes Limited, a manufacturer of PVC and HDPE pipes for infrastructure and agriculture applications, announced Rs 2.4 per share, contributing an estimated Rs 9.7 lakh.
- 20 Microns Limited, a producer of industrial minerals and specialty coatings used across paints, plastics, and rubber industries, paid Rs 1.25 per share, adding Rs 8.78 lakh to the tally.
Total Dividend Income Nears Rs 3.24 Crore
Combining all these payouts, Dolly Khanna is estimated to have earned approximately Rs 3.24 crore in dividend income during FY26 from these holdings alone. The figures highlight how consistent dividend-paying companies can contribute significantly to an investor’s overall returns – and for a long-term investor like Khanna, this steady passive income stream is as much a part of the portfolio’s strength as the capital gains that accompany it.
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