Top 50 Multibagger Stocks in India in the Last 20 Years
This post was most recently updated on October 1st, 2023
While investing in stocks, everyone always looks for stocks that can give multibagger returns. In this article, I will share with you the biggest multibagger stocks in India for the last 20 years. These stocks are from various sectors and have given multifold returns in the last two decades.
Companies like PI Industries and Bajaj Finance have given 1000x returns, which is really hard to digest. Imagine just investing Rs 10,000 in PI Industries in 2000, which would have given you almost Rs 2 crore in 2023. There are many stocks like that.
Let’s look at each of the stocks and how much return they have given in the last 20 years.
Consider reading: Monopoly Stocks in India
Page Contents
List of Top 50 Multibagger Stocks in India in the Last 20 Years
| Company name | Sector | Price 20-year CAGR Returns | No of times |
|---|---|---|---|
| PI Industries | Materials | 55% | 6485 |
| KEI Industries | Industrials | 50% | 3315 |
| Bajaj Finance | Financial Services | 43% | 1336 |
| Titan Company | Cons discretionary | 40% | 859 |
| Relaxo Footwear | Cons discretionary | 38% | 584 |
| Havells India | Cons discretionary | 37% | 568 |
| Deepak Nitrite | Materials | 36% | 501 |
| Balkrishna Inds | Auto | 35% | 435 |
| Navin Fluorine | Materials | 35% | 433 |
| Hatsun Agro | Consumer Staples | 34% | 366 |
| UPL | Materials | 34% | 324 |
| Kajaria Ceramics | Materials | 33% | 321 |
| Shree Cement | Cement | 33% | 291 |
| Supreme Inds. | Industrials | 31% | 233 |
| Ajanta Pharma | Healthcare | 31% | 220 |
| Eicher Motors | Auto | 31% | 214 |
| Berger Paints | Cons discretionary | 31% | 214 |
| Phoenix Mills | Real Estate | 31% | 207 |
| Pidilite Inds. | Materials | 29% | 167 |
| Atul | Industrials | 29% | 163 |
| United Breweries | Cons discretionary | 29% | 159 |
| Linde India | Materials | 29% | 153 |
| Honeywell Auto | Industrials | 28% | 149 |
| Coromandel Inter | Materials | 28% | 148 |
| Cholaman Investment | Financial Services | 28% | 146 |
| Kotuk Bunk | Private bunks | 28% | 133 |
| Shriram Finance | Financial Services | 27% | 127 |
| Carborundum. | Industrials | 27% | 120 |
| Marico | Consumer Staples | 27% | 119 |
| Emami | Consumer Staples | 27% | 116 |
| United Spirits | Cons discretionary | 27% | 114 |
| Trent | Cons discretionary | 26% | 107 |
| Asian Paints | Cons discretionary | 26% | 105 |
| Voltas | Industrials | 26% | 96 |
| CRISIL | Financial Services | 25% | 93 |
| Grindwell Norton | Industrials | 25% | 91 |
| Sundaram Finance | Financial Services | 25% | 88 |
| Godrej Consumer | Consumer Staples | 25% | 88 |
| Divi’s Lab. | Healthcare | 25% | 86 |
| Siemens | Industrials | 25% | 85 |
| Bata India | Cons discretionary | 25% | 84 |
| Britannia Inds. | Consumer Staples | 25% | 82 |
| Timken India | Auto | 25% | 82 |
| Larsen & Toubro | Industrials | 25% | 81 |
| Manappuram | Financial Services | 25% | 81 |
| Kalpataru Project | Industrials | 25% | 81 |
| Zydus Wellness | Consumer Staples | 25% | 81 |
| Genus Power | Utilities | 25% | 81 |
| Somany Ceramics | Cons discretionary | 25% | 81 |
| Greenply Inds | Cons discretionary | 25% | 81 |
Lets look at the top 10 multibaggers for last 20 years in bit of details.
PI Industries
What do they do?
PI Industries is a top company in India that helps farmers with solutions for their crops. They make things that protect crops and help them grow better. They also do research and make things for other big companies worldwide.
How are they doing in the market?
Their stock price has grown a lot in 20 years. On September 26, 2023, their stock price was Rs. 3,402.9. They’re doing better than many other top companies in India.
Quick Facts:
- Market Value: Rs. 51,806 Cr.
- Profit per Share: Rs. 89.23
PI Industries has been the biggest multibagger stocks in India in last 20 years giving 1800x returns on investments
KEI Industries
What do they do?
KEI makes power cables and electrical wires. They sell these products in India and 50 other countries. They have a lot of dealers in India.
How are they doing in the market?
Their stock price has increased a lot in 20 years. On September 26, 2023, their stock price was Rs. 2,479.9.
Quick Facts:
- Market Value: Rs. 22,365 Cr.
- Profit per Share: Rs. 55.63
Bajaj Finance
What do they do?
Bajaj Finance lends money to people and businesses. They help people buy things like phones, and bikes, or help businesses with their needs.
How are they doing in the market?
Their stock price has grown many times in 20 years. On September 26, 2023, their stock price was Rs. 7,881.4.
Quick Facts:
- Market Value: Rs. 4,52,116 Cr.
- Profit per Share: Rs. 205.91
Consider reading: Bajaj Finance Stock Price Prediction
Titan Company
What do they do?
Titan is a big company that sells jewelry, watches, glasses, and more. They are connected with Tata Group and have shops all over India and in 30 other countries.
How are they doing in the market?
Their stock price has increased a lot in 20 years. On September 26, 2023, their stock price was Rs. 3,264.35.
Quick Facts:
- Market Value: Rs. 2,90,706 Cr.
- Profit per Share: Rs. 36
Consider reading: Titan Stock Price Prediction
Relaxo Footwear
What do they do?
Relaxo makes shoes and slippers. They have different brands and sell them in India and 50 other countries.
How are they doing in the market?
Their stock price has gone up a lot in 20 years. On September 26, 2023, their stock price was Rs. 2,479.9.
Quick Facts:
- Market Value: Rs. 22,365 Cr.
- Profit per Share: Rs. 55.63
Havells India
What do they do? Havells is a top company in India that makes electrical items. They make and sell products like wires, fans, lights, heaters, air coolers, and personal care items. They own famous brands like Crabtree, Lloyd, and a few others. They make their products in seven factories in India. They also have a place in India for research and another place in Italy to test their products.
How are they doing in the market? Havells has been doing really well. Over the past 20 years, their stock price has gone up a lot. This shows that they are a strong player in the electrical goods market. On September 26, 2023, their stock price was Rs. 3,264.35.
Quick Facts:
- Market Value: Rs. 2,90,706 Cr.
- Profit per Share: Rs. 36
Havells is a big and well-known electrical company in India. They’ve been growing and their stock price shows that they’ve been successful over the years.
Deepak Nitrite
Business Overview:
Deepak Nitrite is a leading chemical company in India producing a diverse range of organic, inorganic, and fine and specialty chemicals. It operates in segments like Basic Chemicals, Fine & Specialty Chemicals, Performance Products, and Phenolics.
Stock Performance (as of September 26, 2023):
- Closing Price: Rs. 2,783.7
- 52-Week High: Rs. 2,949.9
- 52-Week Low: Rs. 1,146
- Market Capitalization (Rs. Cr.): 37,540
- P/E Ratio: 24.86
- EPS (Rs.): 112
- Dividend Yield (%): 0.43
- ROE (%): 32.76
- ROCE (%): 35.51
Balkrishna Industries
Business Overview:
Balkrishna Industries is a leading manufacturer of off-highway tires (OHT) in India. Operating under the BKT brand, it serves various sectors and has a strong global presence.
Stock Performance (as of September 26, 2023):
- Closing Price: Rs. 2,664.8
- 52-Week High: Rs. 2,890.5
- 52-Week Low: Rs. 1,620
- Market Capitalization (Rs. Cr.): 51,806
- P/E Ratio: 38.13
- EPS (Rs.): 89.23
- Dividend Yield (%): 0.18
- ROE (%): 28.86
- ROCE (%): 31.72
Navin Fluorine
Business Overview:
Navin Fluorine is a leading manufacturer of fluorine-based chemicals in India. It serves various sectors with products used in applications like refrigeration, water treatment, and more.
Stock Performance (as of September 26, 2023):
- Closing Price: Rs. 3,402.9
- 52-Week High: Rs. 4,011.15
- 52-Week Low: Rs. 1,804.9
- Market Capitalization (Rs. Cr.): 25,903
- P/E Ratio: 49.67
- EPS (Rs.): 68.51
- Dividend Yield (%): 0.15
- ROE (%): 22.69
- ROCE (%): 25.94
Hatsun Agro
Business Overview:
Hatsun Agro is a dominant dairy company in India with a wide range of products. It operates under various brands and has a vast network for procurement and distribution.
Stock Performance (as of September 26, 2023):
- Closing Price: Rs. 2,479.9
- 52-Week High: Rs. 2,815.15
- 52-Week Low: Rs. 1,352.95
- Market Capitalization (Rs. Cr.): 22,365
- P/E Ratio: 44.57
- EPS (Rs.): 55.63
- Dividend Yield (%): 0.12
- ROE (%): 29.04
- ROCE (%): 28.66
Final Thoughts on Multibagger Stocks in India
As we have seen, there are many companies that have given more than 1000x returns in the last 20 years. There are at least 50 companies that have given more than 100x returns in the last 20 years.
Interested in investing in these types of companies? If yes, please start to research companies that have relatively less market capitalization (ideally less than 20k Crore) and check if that company is in a business that will make the company earn big!
I hope you liked this article about multibagger stocks in India and found it informative. Feel free to drop a comment on queries.
