New Delhi, Jan. 29 -- Smallcap and midcap stocks in India have been butchered over the past one and a half years.

No one knows whether this correction has bottomed out or if a rebound is around the corner. What is clear, however, is that the sell-off has thrown up an income opportunity that many investors overlook.

Amid the sharp correction, several fundamentally strong smallcap companies are trading lower even as they continue to generate cash and pay healthy dividends. While earnings can be manipulated, consistent dividends usually signal genuine cash flows and a management willing to share profits with minority shareholders.

Against that backdrop, here are five smallcap dividend stocks to keep on your radar.

Swaraj Engines

First o...