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 | Sun Pharma Advanced Research Company Limited Pharmaceuticals | ₹191.26 | +0.00% | 281.14% | ₹6K Cr | 84 |
| 2 | Raymond Limited Residential, Commercial Projects | ₹1300.70 | +0.00% | 162.84% | ₹9K Cr | |
| 3 | Timex Group India Limited Gems, Jewellery And Watches | ₹734.60 | +0.00% | 116.16% | ₹6K Cr | |
| 4 | Kiri Industries Limited Dyes And Pigments | ₹542.40 | +0.00% | 114.97% | ₹4K Cr | |
| 5 | Procter & Gamble Hygiene and Health Care Limited Personal Care | ₹6768.00 | +0.00% | 114.93% | ₹22K Cr | |
| 6 | JSW Dulux Limited | ₹2964.80 | +0.00% | 104.38% | ₹14K Cr | |
| 7 | Tips Music Limited Media & Entertainment | ₹639.10 | +0.00% | 92.33% | ₹8K Cr | |
| 8 | Megasoft Ltd Other Telecom Services | ₹745.00 | +0.00% | 90.63% | ₹10K Cr | |
| 9 | SIGMA ADVANCED SYSTEMS LIMITED | ₹1130.60 | +0.00% | 87.58% | ₹199257K Cr | |
| 10 | Signatureglobal (India) Limited Residential, Commercial Projects | ₹738.20 | +0.00% | 84.98% | ₹10K Cr | |
| 11 | Nirlon Limited Diversified Commercial Services | ₹615.40 | +0.00% | 83.82% | ₹6K Cr | |
| 12 | Colgate Palmolive (India) Limited Personal Care | ₹1775.00 | +0.00% | 81.59% | ₹48K Cr | |
| 13 | IStreet Network Ltd Auto Components & Equipments | ₹621.25 | -2.17% | 80.95% | ₹4K Cr | |
| 14 | Ge Power India Ltd Heavy Electrical Equipment | ₹306.40 | +0.00% | 77.73% | ₹6K Cr | |
| 15 | Tata Motors Ltd Passenger Cars & Utility Vehicles | ₹363.25 | +0.00% | 75.66% | ₹123K Cr | |
| 16 | Sanofi Consumer Healthcare India Limited Pharmaceuticals | ₹3752.70 | +0.00% | 73.09% | ₹9K Cr | |
| 17 | Tata Motors Passenger Vehicles Limited | ₹288.65 | +0.00% | 72.20% | ₹106K Cr | |
| 18 | Websol Energy System Limited Other Electrical Equipment | ₹68.06 | +0.00% | 66.69% | ₹3K Cr | |
| 19 | Gillette India Limited Personal Care | ₹6979.00 | +0.00% | 66.44% | ₹23K Cr | |
| 20 | One Global Service Provider Limited Healthcare Service Provider | ₹547.20 | +0.00% | 65.27% | ₹1K Cr | |
| 21 | Procter & Gamble Health Limited Pharmaceuticals | ₹5300.00 | +0.00% | 61.59% | ₹9K Cr | |
| 22 | Jeena Sikho Lifecare Limited Pharmaceuticals | ₹449.90 | +0.00% | 60.01% | ₹6K Cr | |
| 23 | Multi Commodity Exchange of India Limited Exchange and Data Platform | ₹3181.70 | +0.00% | 56.27% | ₹74K Cr | |
| 24 | Lucent Industries Ltd Software Products | ₹1180.55 | +0.00% | 55.54% | ₹2K Cr | |
| 25 | GE Vernova T&D India Limited Heavy Electrical Equipment | ₹4247.50 | +0.00% | 55.26% | ₹109K Cr | |
| 26 | Britannia Industries Limited Packaged Foods | ₹4770.00 | +0.00% | 53.55% | ₹115K Cr | |
| 27 | Page Industries Limited Garments & Apparels | ₹37465.00 | +0.00% | 52.50% | ₹42K Cr | |
| 28 | Eutelsat Communications SA Industrial Products | ₹1155.00 | -1.91% | 52.48% | ₹1K Cr | |
| 29 | ALPEX SOLAR LIMITE Other Electrical Equipment | ₹810.80 | -1.51% | 51.96% | ₹2K Cr | |
| 30 | Emmvee Photovoltaic Power Limited | ₹296.25 | +0.00% | 51.12% | ₹21K Cr | |
| 31 | GlaxoSmithKline Pharmaceuticals Limited Pharmaceuticals | ₹2732.80 | +0.00% | 49.11% | ₹46K Cr | |
| 32 | Mukand Limited Iron & Steel | ₹182.20 | +0.00% | 48.88% | ₹3K Cr | |
| 33 | Taj GVK Hotels & Resorts Limited Hotels & Resorts | ₹315.30 | +0.00% | 48.86% | ₹2K Cr | |
| 34 | Tata Consultancy Services Limited Computers - Software & Consulting | ₹2114.40 | +0.00% | 48.72% | ₹765K Cr | |
| 35 | Ashoka Buildcon Limited Civil Construction | ₹105.90 | +0.00% | 48.60% | ₹3K Cr | |
| 36 | Ghv Infra Projects Ltd Civil Construction | ₹263.30 | +0.00% | 48.56% | ₹2K Cr | |
| 37 | GMR Power and Urban Infra Limited Power Generation | ₹100.85 | +0.00% | 48.21% | ₹8K Cr | |
| 38 | Anand Rathi Wealth Limited Financial Products Distributor | ₹2132.00 | +0.00% | 47.35% | ₹35K Cr | |
| 39 | Castrol India Limited Lubricants | ₹199.51 | +0.00% | 45.47% | ₹20K Cr | |
| 40 | BSE Limited Exchange and Data Platform | ₹3179.60 | +0.00% | 45.00% | ₹130K Cr | |
| 41 | Tenneco Clean Air India Limited | ₹487.00 | +0.00% | 44.42% | ₹20K Cr | |
| 42 | HBL Engineering Limited Other Industrial Products | ₹763.60 | +0.00% | 44.08% | ₹21K Cr | |
| 43 | Elitecon International Limited Cigarettes & Tobacco Products | ₹7.49 | +0.00% | 43.47% | ₹3K Cr | |
| 44 | K.P. Energy Limited Power Generation | ₹213.74 | +0.00% | 43.35% | ₹1K Cr | |
| 45 | Swaraj Engines Limited Compressors, Pumps & Diesel Engines | ₹3532.20 | +0.00% | 43.23% | ₹4K Cr | |
| 46 | Kernex Microsystems (India) Limited Transport Related Services | ₹1661.80 | +0.00% | 43.19% | ₹3K Cr | |
| 47 | Marico Limited Edible Oil | ₹790.00 | +0.00% | 43.05% | ₹103K Cr | |
| 48 | Rajesh Power Multi Utilities | ₹846.65 | +0.00% | 42.65% | ₹2K Cr | |
| 49 | Saatvik Green Energy Limited | ₹400.85 | +0.00% | 42.43% | ₹5K Cr | |
| 50 | Premier Energies Limited Other Electrical Equipment | ₹891.95 | +0.00% | 42.35% | ₹40K 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.