Best Performing Indian Stocks Over 11 Years
Every stock we track, ranked by its compound annual growth rate over the last 11 years. Each row shows what a ₹10.0K lump sum would actually have become — so you can see the difference between a good return and a life-changing one.
Top CAGR
51.8%
Median CAGR
16.6%
₹10K → OLECTRA
₹9.88L
Stocks Ranked
309
Compare a different holding period
The same stock can look outstanding over one horizon and ordinary over another, because the starting date changes the answer. Switch horizons to see how the ranking reshuffles.
What the 11-year data actually shows
- Olectra Greentech Ltd. leads every stock we track over 11 years, compounding at 51.8% a year — turning ₹10,000 into ₹9,88,133, a 98.8× return.
- The median stock in this ranking compounded at 16.6% a year. The gap between that and the 51.8% leader is the whole argument for research: over 11 years, picking the middle of the pack produced a very different outcome from picking the top.
- The average CAGR (17.7%) sits above the median (16.6%), which means a small number of exceptional performers are pulling the average up rather than gains being spread evenly.
- 295 of 309 stocks (95%) delivered a positive return over 11 years; the remaining 14 did not recover their starting price.
- Annualised returns across the ranking span 51.8% down to -15.3%. That spread — not the average — is what an investor actually lives with when they hold a single stock.
The Rankings
Top 50 stocks by 11 years CAGR
Ranked highest to lowest by compound annual growth rate. The ₹10,000 column shows what a single lump-sum investment made 11 years ago would be worth today, on a total-return basis — dividends and splits included.
- 1Olectra Greentech Ltd.
OLECTRA
51.8%View 11 years returns for Olectra Greentech Ltd.Total Return
9781.3%
₹10,000 Became
₹9,88,133
- 2Adani Enterprises Ltd.
ADANIENT
48.5%View 11 years returns for Adani Enterprises Ltd.Total Return
7683.4%
₹10,000 Became
₹7,78,340
- 3UNO Minda Ltd.
UNOMINDA
48.2%View 11 years returns for UNO Minda Ltd.Total Return
7522.3%
₹10,000 Became
₹7,62,231
- 4Gravita India Ltd.
GRAVITA
46.8%View 11 years returns for Gravita India Ltd.Total Return
6756.1%
₹10,000 Became
₹6,85,609
- 544.3%View 11 years returns for Sarda Energy and Minerals Ltd.
Total Return
5545.3%
₹10,000 Became
₹5,64,534
- 6APL Apollo Tubes Ltd.
APLAPOLLO
44.1%View 11 years returns for APL Apollo Tubes Ltd.Total Return
5462.3%
₹10,000 Became
₹5,56,232
- 43.9%View 11 years returns for KEI Industries Ltd.
Total Return
5394.9%
₹10,000 Became
₹5,49,490
- 8Radico Khaitan Ltd
RADICO
43.4%View 11 years returns for Radico Khaitan LtdTotal Return
5194.9%
₹10,000 Became
₹5,29,494
- 9Adani Energy Solutions Ltd.
ADANIENSOL
42.4%View 11 years returns for Adani Energy Solutions Ltd.Total Return
4788.4%
₹10,000 Became
₹4,88,841
- 10Apar Industries Ltd.
APARINDS
42.4%View 11 years returns for Apar Industries Ltd.Total Return
4784.3%
₹10,000 Became
₹4,88,425
- 11Adani Power Ltd.
ADANIPOWER
41.9%View 11 years returns for Adani Power Ltd.Total Return
4604.2%
₹10,000 Became
₹4,70,420
- 12Anant Raj Ltd.
ANANTRAJ
41.7%View 11 years returns for Anant Raj Ltd.Total Return
4534.5%
₹10,000 Became
₹4,63,455
- 41.0%View 11 years returns for Fertilisers and Chemicals Travancore Ltd.
Total Return
4284.5%
₹10,000 Became
₹4,38,450
- 40.8%View 11 years returns for Himadri Speciality Chemical Ltd.
Total Return
4226.0%
₹10,000 Became
₹4,32,603
- 15Neuland Laboratories Ltd.
NEULANDLAB
40.2%View 11 years returns for Neuland Laboratories Ltd.Total Return
4009.4%
₹10,000 Became
₹4,10,939
- 1639.7%View 11 years returns for PG Electroplast Ltd.
Total Return
3873.6%
₹10,000 Became
₹3,97,356
- 17Navin Fluorine International Ltd.
NAVINFLUOR
39.2%View 11 years returns for Navin Fluorine International Ltd.Total Return
3714.2%
₹10,000 Became
₹3,81,420
- 1839.1%View 11 years returns for PCBL Chemical Ltd.
Total Return
3694.4%
₹10,000 Became
₹3,79,439
- 19Usha Martin Ltd.
USHAMART
37.7%View 11 years returns for Usha Martin Ltd.Total Return
3284.3%
₹10,000 Became
₹3,38,432
- 36.7%View 11 years returns for Transformers And Rectifiers (India) Ltd.
Total Return
3017.2%
₹10,000 Became
₹3,11,717
- 21Deepak Nitrite Ltd.
DEEPAKNTR
36.6%View 11 years returns for Deepak Nitrite Ltd.Total Return
3008.0%
₹10,000 Became
₹3,10,799
- 22H.E.G. Ltd.
HEG
36.5%View 11 years returns for H.E.G. Ltd.Total Return
2977.6%
₹10,000 Became
₹3,07,763
- 23Solar Industries India Ltd.
SOLARINDS
36.3%View 11 years returns for Solar Industries India Ltd.Total Return
2933.7%
₹10,000 Became
₹3,03,373
- 35.7%View 11 years returns for Action Construction Equipment Ltd.
Total Return
2787.5%
₹10,000 Became
₹2,88,754
- 25LT Foods Ltd.
LTFOODS
35.4%View 11 years returns for LT Foods Ltd.Total Return
2721.4%
₹10,000 Became
₹2,82,143
- 26Coforge Ltd.
COFORGE
34.9%View 11 years returns for Coforge Ltd.Total Return
2599.0%
₹10,000 Became
₹2,69,902
- 27Zen Technologies Ltd.
ZENTEC
34.4%View 11 years returns for Zen Technologies Ltd.Total Return
2480.6%
₹10,000 Became
₹2,58,061
- 28Gallantt Ispat Ltd.
GALLANTT
33.9%View 11 years returns for Gallantt Ispat Ltd.Total Return
2389.8%
₹10,000 Became
₹2,48,976
- 29Welspun Corp Ltd.
WELCORP
33.7%View 11 years returns for Welspun Corp Ltd.Total Return
2351.5%
₹10,000 Became
₹2,45,147
- 30National Aluminium Co. Ltd.
NATIONALUM
33.5%View 11 years returns for National Aluminium Co. Ltd.Total Return
2297.3%
₹10,000 Became
₹2,39,731
- 31Trent Ltd.
TRENT
33.4%View 11 years returns for Trent Ltd.Total Return
2286.5%
₹10,000 Became
₹2,38,651
- 32Muthoot Finance Ltd.
MUTHOOTFIN
33.3%View 11 years returns for Muthoot Finance Ltd.Total Return
2274.3%
₹10,000 Became
₹2,37,430
- 33Bajaj Finance Ltd.
BAJFINANCE
32.5%View 11 years returns for Bajaj Finance Ltd.Total Return
2121.7%
₹10,000 Became
₹2,22,174
- 34JBM Auto Ltd.
JBMA
32.0%View 11 years returns for JBM Auto Ltd.Total Return
2023.5%
₹10,000 Became
₹2,12,355
- 35J.B. Chemicals & Pharmaceuticals Ltd.
JBCHEPHARM
31.9%View 11 years returns for J.B. Chemicals & Pharmaceuticals Ltd.Total Return
2008.2%
₹10,000 Became
₹2,10,816
- 36TVS Motor Company Ltd.
TVSMOTOR
31.7%View 11 years returns for TVS Motor Company Ltd.Total Return
1973.2%
₹10,000 Became
₹2,07,322
- 37Linde India Ltd.
LINDEINDIA
31.6%View 11 years returns for Linde India Ltd.Total Return
1951.8%
₹10,000 Became
₹2,05,181
- 38Manappuram Finance Ltd.
MANAPPURAM
31.1%View 11 years returns for Manappuram Finance Ltd.Total Return
1874.5%
₹10,000 Became
₹1,97,453
- 39HFCL Ltd.
HFCL
31.0%View 11 years returns for HFCL Ltd.Total Return
1846.5%
₹10,000 Became
₹1,94,650
- 40Escorts Kubota Ltd.
ESCORTS
30.8%View 11 years returns for Escorts Kubota Ltd.Total Return
1826.0%
₹10,000 Became
₹1,92,602
- 30.7%View 11 years returns for Jindal Stainless Ltd.
Total Return
1805.1%
₹10,000 Became
₹1,90,510
- 30.7%View 11 years returns for Multi Commodity Exchange of India Ltd.
Total Return
1803.5%
₹10,000 Became
₹1,90,349
- 43Persistent Systems Ltd.
PERSISTENT
30.6%View 11 years returns for Persistent Systems Ltd.Total Return
1796.2%
₹10,000 Became
₹1,89,617
- 44HBL Engineering Ltd.
HBLENGINE
30.4%View 11 years returns for HBL Engineering Ltd.Total Return
1765.3%
₹10,000 Became
₹1,86,535
- 45Balrampur Chini Mills Ltd.
BALRAMCHIN
30.4%View 11 years returns for Balrampur Chini Mills Ltd.Total Return
1758.9%
₹10,000 Became
₹1,85,894
- 46Nava Ltd.
NAVA
30.2%View 11 years returns for Nava Ltd.Total Return
1719.0%
₹10,000 Became
₹1,81,899
- 47Aegis Logistics Ltd.
AEGISLOG
30.1%View 11 years returns for Aegis Logistics Ltd.Total Return
1711.7%
₹10,000 Became
₹1,81,169
- 48Jindal Steel Ltd.
JINDALSTEL
29.8%View 11 years returns for Jindal Steel Ltd.Total Return
1672.2%
₹10,000 Became
₹1,77,220
- 49Gabriel India Ltd.
GABRIEL
29.6%View 11 years returns for Gabriel India Ltd.Total Return
1636.4%
₹10,000 Became
₹1,73,638
- 50K.P.R. Mill Ltd.
KPRMILL
28.8%View 11 years returns for K.P.R. Mill Ltd.Total Return
1528.7%
₹10,000 Became
₹1,62,865
How This Is Calculated
Reading this ranking properly
CAGR, not total return
Stocks are ranked by compound annual growth rate — the steady yearly rate that would produce the same result. It makes a 11-year record comparable to any other horizon.
Total return, before costs
Dividends and stock splits are included — the ranking is computed on the adjusted closing price, not the quoted one. Demergers are not credited, and brokerage and taxes are excluded, so real outcomes would be a little lower.
Survivors only
This ranks companies in today's Nifty 500 universe. Businesses that delisted or collapsed over the period are not here — a bias worth remembering when reading any long-term ranking.
Full definitions, worked examples, and the limitations we know about are on our Methodology page.
Continue Your Research
Where to go from here
Rankings are a starting point. These pages help you understand why a company performed the way it did.
Explore By Sector
Top performers by sector
Long-term winners cluster in particular industries. Browse the companies we track sector by sector.
HELP CENTER
11 Years stock returns — common questions
Everything you need to know about this page and the data presented.
Which Indian stock performed best over the last 11 years?+
Olectra Greentech Ltd. (OLECTRA) tops this ranking with a 51.8% compound annual growth rate over 11 years. ₹10,000 invested at the start of that period would be worth ₹9,88,133 today. This is a historical result, not a prediction or a recommendation to buy.
How are these 11-year rankings calculated?+
We take the adjusted closing price 11 years ago and today's adjusted closing price for every stock in the Nifty 500 universe, calculate the compound annual growth rate (CAGR) between them, and sort the results highest to lowest. The adjusted price folds in dividends and stock splits, so these are total returns rather than price-only returns. They exclude brokerage and taxes, and they do not credit demergers. You can read the full calculation on our Methodology page.
How many 11 years multibaggers are in this list?+
77 of the 309 stocks ranked here multiplied invested money at least ten times over 11 years — ₹10,000 becoming ₹1,00,000 or more. Bear in mind this universe is today's Nifty 500, so every company that delisted or collapsed over the period is absent — a list of past multibaggers is assembled from the survivors by construction.
Does a high past CAGR mean the stock will keep performing?+
No. A high historical CAGR tells you what a business and its share price already did — it carries no information about what happens next. Companies that compounded quickly often did so from a low base, in a favourable cycle, or after a re-rating that cannot repeat indefinitely. Treat this ranking as a starting point for research into why a company performed as it did, not as a shortlist to buy.
Why does changing the time period change the ranking so much?+
Because the start date changes. A stock that crashed four years ago and recovered will look outstanding over a 3-year window and mediocre over a 10-year one — same company, same prices, different question. This is why we publish every horizon from 1 to 20 years separately rather than picking one and calling it "the" ranking.
What would ₹10,000 have become in these stocks?+
The ₹10K Value column shows exactly that for every stock in the table, based on its total return — price movement plus dividends — over 11 years. At the top of the ranking, Olectra Greentech Ltd. would have turned ₹10,000 into ₹9,88,133. Every stock page on ReturnScreener carries the same simulation across every horizon.
Is this investment advice?+
No. ReturnScreener is an educational research platform, not a SEBI-registered investment advisor. We publish historical data and analysis only — we do not recommend buying or selling any security, and we never publish price targets. Please do your own research or consult a registered advisor before investing.
ReturnScreener is an educational research platform and is not a SEBI-registered investment advisor. This ranking presents historical price performance only and is not a recommendation to buy or sell any security. Past performance does not guarantee future results. See our Disclaimer for full terms.