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Top 10 High ROE Stocks in India — Top 100 List

Of the 2,393 companies in India on PositoAI, 1,930 have a positive return on equity. First on the list is Narmada Macplast Drip Irrigation Systems Ltd. (144.1%). The median among them is 11.85%. None of the top 10 has an active red or yellow flag.

Positivity ScoreHigh dividendDebt freeLow debtLow PEBelow book valueHigh ROEHigh ROE + low PENo red flagsNo red or yellow flagsFundamentally strongNear 52-week lowNear 52-week highHigh score near 52-week lowHigh score near 52-week high
#Company Score Market Cap
(INR Cr)		 P/E P/B Owes vs
Owns		 ROE Div
Yield		 FlagSector
1 Narmada Macplast Drip Irrigation Systems Ltd.NARMP 18,685 ₹80 6.0 8.60 0.51× 144.1% 0 — Industrials
2 Ksolves India LimitedKSOLVES 14,876 ₹577 15.6 19.66 0.53× 126.2% 5.78% — Technology
3 Sun Pharma Advanced Research Company LimitedSPARC 23,113 ₹5,617 3.5 4.20 0.38× 118.3% 0 — Healthcare
4 Gravity (India) LimitedGRAVITY 22,120 ₹14 0.7 0.96 0.63× 115.7% 0 — Consumer Cyclical
5 Timex Group India LimitedTIMEX -5,243 ₹6,392 75.4 57.44 0.67× 112.5% 0 — Consumer Cyclical
6 Procter & Gamble Hygiene and Health Care LimitedPGHH 11,706 ₹22,073 27.9 29.30 0.58× 105.0% 3.31% — Consumer Defensive
7 Orosil Smiths India LimitedOROSMITHS 23,822 ₹26 1.1 1.03 0.15× 104.0% 0 — Consumer Cyclical
8 Brigade Enterprises LimitedBRIGADE 21,969 ₹18,170 26.2 2.66 0.71× 101.8% 0.36% — Real Estate
9 Hindustan Zinc LimitedHINDZINC 19,658 ₹2,18,871 10.5 9.67 0.47× 92.0% 2.04% — Basic Materials
10 B&B Triplewall Containers LimitedBBTCL 21,665 ₹408 3.5 3.10 0.70× 89.6% 0.44% — Consumer Cyclical

Top 20

11 Digjam LimitedDIGJAMLMTD 73 ₹103 26.9 23.49 0.94× 88.3% 0 — Consumer Cyclical
12 Kiri Industries LimitedKIRIINDUS 24,313 ₹3,056 0.5 0.47 0.08× 88.2% 0 ⚑ Basic Materials
13 Sanofi Consumer Healthcare India LimitedSANOFICONR 14,859 ₹7,514 28.3 21.60 0.51× 88.0% 2.16% — Healthcare
14 Colgate-Palmolive (India) LimitedCOLPAL 9,864 ₹45,829 34.0 28.93 0.54× 85.1% 2.76% — Consumer Defensive
15 Automotive Stampings and Assemblies LimitedASAL 13,060 ₹649 21.8 17.96 0.89× 82.5% 0 — Consumer Cyclical
16 Ardee Industries LimitedARDEE 19,840 ₹1,367 15.9 9.28 0.59× 80.7% 0 — Industrials
17 JSW Dulux LimitedJSWDULUX 24,100 ₹1,376 0.7 0.56 0.35× 80.0% 1.66% — Basic Materials
18 Tips Music LimitedTIPSMUSIC 6,223 ₹9,196 40.7 35.38 0.28× 78.1% 1.21% — Communication Services
19 Kernex Microsystems (India) LimitedKERNEX 17,771 ₹2,748 14.4 11.08 0.73× 76.8% 0 — Technology
20 ICICI Prudential Asset Management Company LimitedICICIAMC 9,576 ₹1,34,497 38.1 32.24 0.17× 76.2% 0.93% — Financial Services

Top 50

21 Nirlon LimitedNIRLON 15,435 ₹5,654 15.8 12.07 0.79× 76.2% 4.79% — Real Estate
22 Nestlé India LimitedNESTLEIND -4,075 ₹2,29,450 60.2 57.22 0.67× 73.9% 0.90% — Consumer Defensive
23 Jindal Stainless LimitedJSL 22,618 ₹58,471 18.0 2.95 0.51× 72.1% 0.56% — Basic Materials
24 Panth Infinity LimitedPANTH 21,104 ₹63 0.9 0.64 0.50× 71.0% 0 — Consumer Cyclical
25 Gillette India LimitedGILLETTE 12,847 ₹23,458 35.1 24.79 0.49× 70.6% 2.54% — Consumer Defensive
26 Dev Information Technology LimitedDEVIT 24,767 ₹106 1.4 0.98 0.42× 69.2% 0.52% — Technology
27 Procter & Gamble Health LimitedPGHL 16,392 ₹8,403 23.5 16.02 0.38× 68.1% 2.98% — Healthcare
28 GE Power India LimitedGVPIL 22,379 ₹4,093 12.0 7.03 0.73× 58.8% 1.07% — Industrials
29 Castrol India LimitedCASTROLIND 18,028 ₹19,523 18.4 10.23 0.51× 57.0% 6.42% — Energy
30 Signatureglobal (India) LimitedSIGNATURE 21,358 ₹10,034 9.6 5.43 0.89× 56.4% 0 — Real Estate
31 Shekhawati Industries LimitedSHEKHAWATI 23,462 ₹75 6.1 3.45 0.31× 56.1% 0 — Consumer Cyclical
32 Waaree Renewable Technologies LimitedWAAREERTL 22,139 ₹7,504 14.8 8.03 0.61× 54.2% 0 — Industrials
33 Standard Industries LimitedSIL 22,243 ₹115 1.9 1.01 0.40× 53.8% 3.22% — Consumer Cyclical
34 One Global Service Provider LimitedONEGLOBAL 23,212 ₹724 9.5 5.13 0.44× 52.4% 0.17% — Healthcare
35 ESAB India LimitedESABINDIA 15,562 ₹8,296 37.4 19.32 0.39× 51.7% 1.85% — Industrials
36 SBI Funds Management LimitedSBIFUNDS 17,644 ₹96,077 31.3 16.11 0.07× 51.4% 0 — Financial Services
37 Viviana Power Tech LimitedVIVIANA 21,848 ₹706 12.7 6.08 0.81× 51.3% 0.12% — Industrials
38 Websol Energy System LimitedWEBELSOLAR 21,450 ₹2,655 8.6 4.21 0.32× 51.2% 0.38% ⚑ Technology
39 SBC Exports LimitedSBC 1,981 ₹2,958 73.1 36.89 0.82× 51.2% 0 — Consumer Cyclical
40 Britannia Industries LimitedBRITANNIA 13,115 ₹1,11,401 42.8 21.82 0.47× 51.0% 1.88% — Consumer Defensive
41 Jeena Sikho Lifecare LimitedJSLL 21,511 ₹4,343 18.4 9.30 0.31× 50.5% 1.17% — Healthcare
42 Page Industries LimitedPAGEIND 10,779 ₹38,397 50.8 25.55 0.47× 50.3% 2.17% — Consumer Cyclical
43 Tenneco Clean Air India LimitedTENNIND 17,902 ₹18,174 30.2 15.18 0.53× 50.1% 0 — Consumer Cyclical
44 Oracle Financial Services Software LimitedOFSS 19,464 ₹85,734 25.2 10.95 0.21× 49.9% 3.81% — Technology
45 Swaraj Engines LimitedSWARAJENG 19,959 ₹4,134 19.4 8.46 0.37× 49.3% 2.94% — Industrials
46 GE Vernova T&D India LimitedGVT&D 6,851 ₹95,761 73.0 35.60 0.65× 48.7% 0.24% — Industrials
47 Atlanta Electricals LimitedATLANTAELE 18,497 ₹12,984 29.3 13.97 0.38× 47.6% 0 — Industrials
48 R M Drip and Sprinklers Systems LimitedRMDRIP 21,702 ₹760 8.4 6.85 0.46× 47.5% 0.14% — Industrials
49 GlaxoSmithKline Pharmaceuticals LimitedGLAXO 15,956 ₹41,228 38.6 18.18 0.48× 47.1% 2.28% — Healthcare
50 Elitecon International LimitedELITECON 25,385 ₹1,080 5.8 3.10 0.72× 46.8% 0 — Consumer Defensive

Top 100

51 Lohia Corp LimitedLCL 18,336 ₹5,992 24.7 11.49 0.60× 46.6% 0 — Industrials
52 Tata Consultancy Services LimitedTCS 20,784 ₹9,07,018 17.6 8.46 0.41× 45.6% 2.23% — Technology
53 Zuari Agro Chemicals LimitedZUARI 25,293 ₹817 0.9 0.39 0.36× 45.0% 0 — Basic Materials
54 Marico LimitedMARICO 11,774 ₹1,00,594 53.2 23.89 0.55× 44.9% 0.51% ⚑ Consumer Defensive
55 Nityas Gems and Jewellery LimitedNITYAS 20,396 ₹430 18.9 5.16 — 43.8% 0 — Consumer Cyclical
56 Ingersoll-Rand (India) LimitedINGERRAND 15,294 ₹12,057 45.1 19.58 0.38× 43.5% 1.82% — Industrials
57 Anand Rathi Wealth LimitedANANDRATHI 4,132 ₹36,910 79.8 36.98 0.24× 43.0% 0.34% — Financial Services
58 Maxgrow India LimitedMAXGROW 24,716 ₹796 1.5 0.38 0.30× 42.8% 0 — Industrials
59 Sical Logistics LimitedSICALLOG 21,435 ₹638 9.0 4.86 0.70× 41.7% 0 — Industrials
60 Mukand LimitedMUKANDLTD 23,120 ₹2,216 3.5 1.46 0.63× 41.5% 1.14% — Basic Materials
61 Vadilal Enterprises LimitedVADILENT 9,948 ₹819 60.0 24.77 0.91× 41.2% 0.02% — Consumer Defensive
62 Shankesh Jewellers LimitedSHANKESH 20,048 ₹1,487 13.9 7.10 0.48× 40.8% 0 — Consumer Cyclical
63 Sanofi India LimitedSANOFI 21,541 ₹6,520 20.1 7.89 0.41× 40.3% 4.18% — Healthcare
64 Krishna GVK Luxury Hotels LimitedTAJGVK 24,265 ₹1,941 4.7 1.90 0.20× 40.0% 0.61% — Consumer Cyclical
65 Hester Biosciences LimitedHESTERBIO 20,694 ₹1,826 12.8 5.07 0.46× 39.7% 0.51% — Healthcare
66 Suratwwala Business Group LimitedSBGLP 23,874 ₹363 8.8 3.48 0.58× 39.7% 0.54% — Real Estate
67 International Gemological Institute LimitedIGIL 18,978 ₹15,263 25.9 10.83 0.20× 39.6% 1.65% — Basic Materials
68 Shraddha Prime Projects LimitedSHRADDHA 20,141 ₹649 12.4 4.92 0.80× 39.4% 0 — Real Estate
69 Suzlon Energy LimitedSUZLON 20,486 ₹53,019 16.9 5.60 0.48× 39.4% 0 — Industrials
70 Fischer Medical Ventures LimitedFISCHER 24,986 ₹1,667 10.2 4.34 0.43× 39.3% 0.16% ⚑ Healthcare
71 Premier Energies LimitedPREMIERENE 19,121 ₹38,995 23.2 9.05 0.60× 38.9% 0.08% — Technology
72 BF Utilities LimitedBFUTILITIE 18,227 ₹1,617 11.8 5.37 0.54× 38.9% 0 — Industrials
73 Dixon Technologies (India) LimitedDIXON 15,822 ₹70,493 33.9 15.07 0.72× 38.1% 0.08% — Technology
74 D. P. Abhushan LimitedDPABHUSHAN 20,432 ₹4,833 20.2 7.64 0.45× 37.8% 0 — Consumer Cyclical
75 Crizac LimitedCRIZAC 24,904 ₹2,497 11.3 4.27 0.32× 37.7% 10.57% — Consumer Defensive
76 Chennai Petroleum Corporation LimitedCHENNPETRO 23,202 ₹21,647 5.2 1.95 0.45× 37.6% 4.17% — Energy
77 SAMHI Hotels LimitedSAMHI 20,954 ₹3,346 5.8 1.53 0.49× 37.5% 0 — Consumer Cyclical
78 Gokul Agro Resources LimitedGOKULAGRO 22,581 ₹5,941 11.2 4.18 0.71× 37.5% 0 — Consumer Defensive
79 Ashoka Buildcon LimitedASHOKA 25,361 ₹2,837 1.2 0.43 0.50× 37.4% 0 — Industrials
80 Baroda Extrusion LimitedBAROEXT 21,362 ₹171 16.6 6.87 0.55× 37.4% 0 — Basic Materials
81 Indian Energy Exchange LimitedIEX 19,340 ₹9,248 18.2 6.78 0.44× 37.4% 3.82% — Financial Services
82 Computer Age Management Services LimitedCAMS 15,644 ₹16,660 33.7 12.61 0.27× 37.3% 1.90% — Technology
83 Royal India Corporation LimitedROYALIND 24,258 ₹63 1.3 0.47 0.30× 37.3% 0 — Consumer Cyclical
84 Shukra Pharmaceuticals LimitedSHUKRAPHAR 8,357 ₹2,767 80.2 30.80 0.23× 37.2% 0.01% — Healthcare
85 Fusion CX LimitedFUSIONCX 17,080 — — 5.71 — 37.1% — — Industrials
86 Shah Alloys LimitedSHAHALLOYS 23,829 ₹144 3.5 1.29 0.46× 37.1% 0 — Basic Materials
87 Titan Company LimitedTITAN 9,616 ₹3,85,980 67.0 24.58 0.74× 36.7% 0.34% — Consumer Cyclical
88 HDFC Asset Management Company LimitedHDFCAMC 18,857 ₹97,536 32.8 10.57 0.08× 36.4% 2.30% — Financial Services
89 Manorama Industries LimitedMANORAMA 15,468 ₹11,022 42.3 16.16 0.43× 36.1% 0.04% — Consumer Defensive
90 Accelya Solutions India LimitedACCELYA 22,565 ₹1,512 15.9 6.05 0.33× 36.1% 6.59% — Technology
91 Netweb Technologies India LimitedNETWEB 5,364 ₹27,303 100.1 37.75 0.68× 36.0% 0.06% — Technology
92 LT Foods LimitedLTFOODS 22,262 ₹13,369 20.9 2.96 0.50× 35.9% 0.98% — Consumer Defensive
93 TVS Motor Company LimitedTVSMOTOR 10,597 ₹1,88,749 55.1 19.73 0.81× 35.8% 0.29% — Consumer Cyclical
94 California Software Company LimitedCALSOFT 24,259 ₹68 12.2 1.65 0.17× 35.5% 0 — Technology
95 Swastika Infra LimitedSWASTIKAIN 21,816 ₹710 17.2 3.29 — 35.4% 0 — Industrials
96 BSE LimitedBSE 12,346 ₹1,32,601 47.5 19.87 0.49× 35.4% 0.30% — Financial Services
97 Emmvee Photovoltaic Power LimitedEMMVEE 23,406 ₹17,242 13.3 4.67 0.36× 35.0% 0.33% — Technology
98 HBL Engineering LimitedHBLENGINE 19,900 ₹21,744 27.9 9.82 0.25× 35.0% 0.42% — Industrials
99 Galaxy Agrico Exports LimitedGALAGEX 20,054 ₹155 8.1 2.81 0.01× 34.9% 0 — Industrials
100 K.P. Energy LimitedKPEL 23,833 ₹1,166 6.3 2.23 0.81× 34.8% 0.38% — Industrials

High ROE in other groups · India

All of IndiaLarge CapMid CapSmall CapSenty (Sensex + Nifty 50)Nifty 50SensexNano CapMicro CapMini CapMeso CapTito Cap

High ROE in other countries

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Questions

Which companies in India have the highest return on equity?

The first five on PositoAI's list are Narmada Macplast Drip Irrigation Systems Ltd. (144.1%), Ksolves India Limited (126.2%), Sun Pharma Advanced Research Company Limited (118.3%), Gravity (India) Limited (115.7%), Timex Group India Limited (112.5%).

How many companies in India have a positive return on equity?

1,930 of the 2,393 companies in India on PositoAI have a positive return on equity; this page shows the top 100.

How is this list made?

Companies ordered by return on equity (profit on shareholders' money), highest first. Extreme figures above 250% are left out. The list is updated every day from PositoAI's data.

Companies ordered by return on equity (profit on shareholders' money), highest first. Extreme figures above 250% are left out. Score is the Positivity Score; Owes vs Owns is everything a company owes compared with everything it owns (what each figure means); ⚑ marks an active red or yellow flag. All top lists for India. PositoAI is for research and education only and is not investment advice.

Disclaimer — PositoAI is a research and screening tool for educational and informational purposes. It is not investment advice or a recommendation to buy or sell any security or mutual fund. Scores and rankings are calculated by PositoAI's own method using publicly available data, which may be incomplete, delayed or inaccurate, and past performance does not indicate future results. AI summaries of company news may contain errors. PositoAI is not registered with the SEC, SEBI or any other regulatory authority. Please do your own research or consult a licensed financial advisor before investing.