High ROE Stocks in India
50 stocks · NSE & BSE · Updated daily
Discover Indian companies demonstrating exceptional profitability and shareholder value creation. Our curated list focuses on stocks with a Return on Equity (ROE) exceeding 20%, a key indicator of efficient capital deployment. These are the quality compounders poised for sustained growth in the current market cycle.
Finding stocks with consistently high ROE is crucial for identifying businesses that effectively reinvest profits to generate further returns. We screen the NSE and BSE universe for companies that not only achieve ROE above 20% but also exhibit strong business fundamentals. This approach filters for durable competitive advantages and prudent management, essential traits for long-term wealth creation. These high ROE stocks often represent sectors with favourable economics or companies that have carved out significant market share. By focusing on these quality compounders, investors can gain exposure to businesses likely to outperform through market cycles, driven by their inherent ability to generate superior returns on equity.
What to watch on this page
Compare ROE with debt-to-equity, ROCE, free cash flow, margin profile, and earnings stability across cycles. A company earning strong returns with modest leverage deserves a different level of respect from one producing headline ROE through financial engineering.
| # | Company | Price | 1D Change | ROE % | Market Cap | Score |
|---|---|---|---|---|---|---|
| 1 | Madras Fertilizers Ltd Fertilizers | ₹66.86 | -0.02% | 291.64% | ₹1K Cr | 63 |
| 2 | Sun Pharma Advanced Research Company Ltd Pharmaceuticals | ₹218.35 | +5.35% | 281.14% | ₹8K Cr | |
| 3 | Raymond Ltd Residential, Commercial Projects | ₹629.40 | +4.02% | 167.82% | ₹4K Cr | |
| 4 | Indosolar Limited Heavy Electrical Equipment | ₹329.00 | +4.99% | 150.63% | ₹2K Cr | |
| 5 | Timex Group India Ltd Gems, Jewellery And Watches | ₹553.25 | -0.64% | 116.16% | ₹6K Cr | |
| 6 | Procter & Gamble Hygiene Limited Personal Care | ₹8484.50 | -1.79% | 114.93% | ₹29K Cr | |
| 7 | Tips Music Ltd Media & Entertainment | ₹672.50 | +0.48% | 92.33% | ₹8K Cr | |
| 8 | Megasoft Ltd Other Telecom Services | ₹154.89 | +0.00% | 90.63% | ₹10K Cr | |
| 9 | Nirlon Ltd Diversified Commercial Services | ₹619.55 | -0.55% | 83.82% | ₹6K Cr | |
| 10 | Colgate Palmolive India Ltd Personal Care | ₹2040.00 | +1.49% | 82.73% | ₹55K Cr | |
| 11 | Ge Power India Ltd Heavy Electrical Equipment | ₹306.40 | +0.00% | 77.73% | ₹6K Cr | |
| 12 | Hindustan Zinc Ltd Zinc | ₹596.95 | +6.05% | 76.38% | ₹223K Cr | |
| 13 | Tata Motors Ltd Passenger Cars & Utility Vehicles | ₹363.25 | +0.00% | 75.66% | ₹123K Cr | |
| 14 | Nestle India Ltd Packaged Foods | ₹1520.00 | +0.00% | 73.17% | ₹275K Cr | |
| 15 | Sanofi Consumer Healthcare Inc Pharmaceuticals | ₹4551.40 | +0.49% | 71.60% | ₹10K Cr | |
| 16 | Waaree Renewable Technologies Ltd Other Electrical Equipment | ₹906.05 | -0.72% | 69.12% | ₹10K Cr | |
| 17 | Wanbury Ltd Pharmaceuticals | ₹278.80 | -0.04% | 68.42% | ₹1K Cr | |
| 18 | Websol Energy Systems Ltd Other Electrical Equipment | ₹95.44 | -0.91% | 66.94% | ₹4K Cr | |
| 19 | Gillette India Ltd Personal Care | ₹7688.00 | +0.34% | 66.44% | ₹26K Cr | |
| 20 | One Global Service Provider Inc Healthcare Service Provider | ₹547.75 | +3.64% | 65.27% | ₹1K Cr | |
| 21 | Procter & Gamble Health Ltd Pharmaceuticals | ₹6464.50 | -0.28% | 61.59% | ₹11K Cr | |
| 22 | Jeena Sikho Lifecare Limited Pharmaceuticals | ₹579.25 | +0.88% | 60.01% | ₹7K Cr | |
| 23 | GE Vernova T&D India Ltd Heavy Electrical Equipment | ₹4410.00 | +1.77% | 57.32% | ₹120K Cr | |
| 24 | Multi Commodity Exchange of India Ltd Exchange and Data Platform | ₹2598.60 | -3.04% | 56.27% | ₹74K Cr | |
| 25 | Lucent Industries Ltd Software Products | ₹1180.55 | +0.00% | 55.54% | ₹2K Cr | |
| 26 | Jindal Poly Investment and Finance Company Ltd Investment Company | ₹1044.10 | -1.67% | 54.80% | ₹1K Cr | |
| 27 | Page Industries Ltd Garments & Apparels | ₹40355.00 | +1.52% | 54.29% | ₹45K Cr | |
| 28 | Britannia Industries Ltd Packaged Foods | ₹5440.00 | -0.69% | 53.55% | ₹128K Cr | |
| 29 | Eutelsat Communications SA Industrial Products | ₹970.00 | -3.00% | 52.48% | ₹1K Cr | |
| 30 | ALPEX SOLAR LIMITE Other Electrical Equipment | ₹816.95 | -1.99% | 51.96% | ₹2K Cr | |
| 31 | Tata Consultancy Services Ltd Computers - Software & Consulting | ₹2413.00 | -1.91% | 51.81% | ₹792K Cr | |
| 32 | Emmvee Photovol. | ₹324.60 | +0.34% | 51.12% | ₹23K Cr | |
| 33 | Ghv Infra Projects Ltd Civil Construction | ₹283.95 | +3.42% | 50.89% | ₹2K Cr | |
| 34 | Siemens Energy India Ltd Heavy Electrical Equipment | ₹3289.80 | -0.62% | 50.47% | ₹125K Cr | |
| 35 | Mukand Ltd Iron & Steel | ₹142.17 | -0.06% | 48.88% | ₹2K Cr | |
| 36 | Esab India Ltd Other Industrial Products | ₹5654.00 | +0.29% | 48.76% | ₹9K Cr | |
| 37 | Castrol India Ltd Lubricants | ₹191.54 | +2.40% | 45.86% | ₹18K Cr | |
| 38 | GlaxoSmithKline Pharmaceuticals Ltd Pharmaceuticals | ₹2569.70 | -2.92% | 45.61% | ₹42K Cr | |
| 39 | Accelya Solutions India Ltd Computers - Software & Consulting | ₹1138.10 | -0.08% | 45.47% | ₹2K Cr | |
| 40 | HBL Engineering Ltd Other Industrial Products | ₹736.50 | +1.00% | 45.33% | ₹21K Cr | |
| 41 | Anand Rathi Wealth Ltd Financial Products Distributor | ₹2037.60 | +0.18% | 45.30% | ₹35K Cr | |
| 42 | BSE Limited Exchange and Data Platform | ₹3534.60 | -2.31% | 44.79% | ₹153K Cr | |
| 43 | Tenneco Clean | ₹580.70 | +5.48% | 44.42% | ₹23K Cr | |
| 44 | SOLEX Heavy Electrical Equipment | ₹1739.40 | +0.00% | 44.13% | ₹1K Cr | |
| 45 | Swaraj Engines Ltd Compressors, Pumps & Diesel Engines | ₹3608.90 | +0.29% | 43.61% | ₹5K Cr | |
| 46 | Kernex Microsystems India Ltd Transport Related Services | ₹2549.20 | +5.38% | 43.52% | ₹4K Cr | |
| 47 | Elitecon International Ltd Cigarettes & Tobacco Products | ₹19.01 | +0.42% | 43.47% | ₹3K Cr | |
| 48 | KP Energy Ltd Power Generation | ₹310.65 | -3.76% | 43.37% | ₹2K Cr | |
| 49 | Ingersoll Rand India Ltd Compressors, Pumps & Diesel Engines | ₹4304.70 | -2.20% | 43.20% | ₹14K Cr | |
| 50 | Sanofi India Limited Pharmaceuticals | ₹3328.40 | -1.94% | 43.03% | ₹8K Cr |
Frequently Asked Questions
Why is high ROE considered attractive by investors?
Because it often signals efficient use of capital. Warren Buffett famously prioritises businesses with consistently high ROE as a measure of durable competitive advantage.
What makes ROE misleading as a standalone metric?
Heavy leverage, share buybacks, or temporary profit spikes can inflate ROE without improving the underlying quality of the business. Always cross-check with ROCE.
What is a good ROE for Indian companies?
An ROE consistently above 15-20% is generally considered strong. However, sector context matters — banking ROEs are structurally different from IT or manufacturing businesses.
How is ROE different from ROCE?
ROE measures returns on equity capital only. ROCE measures returns on total capital — both debt and equity — making it a more complete picture of capital efficiency for asset-heavy businesses.