Best Performing Indian Stocks Over 16 Years
Every stock we track, ranked by its compound annual growth rate over the last 16 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
43.0%
Median CAGR
15.4%
₹10K → NEULANDLAB
₹30.73L
Stocks Ranked
279
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 16-year data actually shows
- Neuland Laboratories Ltd. leads every stock we track over 16 years, compounding at 43.0% a year — turning ₹10,000 into ₹30,73,228, a 307.3× return.
- The median stock in this ranking compounded at 15.4% a year. The gap between that and the 43.0% leader is the whole argument for research: over 16 years, picking the middle of the pack produced a very different outcome from picking the top.
- 266 of 279 stocks (95%) delivered a positive return over 16 years; the remaining 13 did not recover their starting price.
- Annualised returns across the ranking span 43.0% down to -15.1%. That spread — not the average — is what an investor actually lives with when they hold a single stock.
The Rankings
Top 50 stocks by 16 years CAGR
Ranked highest to lowest by compound annual growth rate. The ₹10,000 column shows what a single lump-sum investment made 16 years ago would be worth today, on a total-return basis — dividends and splits included.
- 1Neuland Laboratories Ltd.
NEULANDLAB
43.0%View 16 years returns for Neuland Laboratories Ltd.Total Return
30632.3%
₹10,000 Became
₹30,73,228
- 2Solar Industries India Ltd.
SOLARINDS
41.5%View 16 years returns for Solar Industries India Ltd.Total Return
25849.0%
₹10,000 Became
₹25,94,904
- 3Navin Fluorine International Ltd.
NAVINFLUOR
40.3%View 16 years returns for Navin Fluorine International Ltd.Total Return
22582.0%
₹10,000 Became
₹22,68,200
- 4JBM Auto Ltd.
JBMA
39.9%View 16 years returns for JBM Auto Ltd.Total Return
21604.7%
₹10,000 Became
₹21,70,471
- 5Bajaj Finance Ltd.
BAJFINANCE
39.1%View 16 years returns for Bajaj Finance Ltd.Total Return
19627.1%
₹10,000 Became
₹19,72,715
- 38.9%View 16 years returns for KEI Industries Ltd.
Total Return
19131.6%
₹10,000 Became
₹19,23,162
- 7Ajanta Pharmaceuticals Ltd.
AJANTPHARM
38.6%View 16 years returns for Ajanta Pharmaceuticals Ltd.Total Return
18605.6%
₹10,000 Became
₹18,70,562
- 8Astral Ltd.
ASTRAL
36.2%View 16 years returns for Astral Ltd.Total Return
13978.7%
₹10,000 Became
₹14,07,869
- 9UNO Minda Ltd.
UNOMINDA
35.3%View 16 years returns for UNO Minda Ltd.Total Return
12568.1%
₹10,000 Became
₹12,66,812
- 10Apar Industries Ltd.
APARINDS
34.4%View 16 years returns for Apar Industries Ltd.Total Return
11217.1%
₹10,000 Became
₹11,31,707
- 11Granules India Ltd.
GRANULES
33.6%View 16 years returns for Granules India Ltd.Total Return
10229.8%
₹10,000 Became
₹10,32,983
- 12LT Foods Ltd.
LTFOODS
33.1%View 16 years returns for LT Foods Ltd.Total Return
9677.3%
₹10,000 Became
₹9,77,727
- 13J.B. Chemicals & Pharmaceuticals Ltd.
JBCHEPHARM
31.9%View 16 years returns for J.B. Chemicals & Pharmaceuticals Ltd.Total Return
8309.5%
₹10,000 Became
₹8,40,947
- 14K.P.R. Mill Ltd.
KPRMILL
31.0%View 16 years returns for K.P.R. Mill Ltd.Total Return
7472.9%
₹10,000 Became
₹7,57,292
- 15Coforge Ltd.
COFORGE
30.7%View 16 years returns for Coforge Ltd.Total Return
7203.6%
₹10,000 Became
₹7,30,361
- 16Eicher Motors Ltd.
EICHERMOT
30.7%View 16 years returns for Eicher Motors Ltd.Total Return
7196.8%
₹10,000 Became
₹7,29,680
- 17TVS Motor Company Ltd.
TVSMOTOR
30.6%View 16 years returns for TVS Motor Company Ltd.Total Return
7099.8%
₹10,000 Became
₹7,19,984
- 30.1%View 16 years returns for Cholamandalam Investment and Finance Company Ltd.
Total Return
6638.3%
₹10,000 Became
₹6,73,833
- 29.5%View 16 years returns for CCL Products (I) Ltd.
Total Return
6140.3%
₹10,000 Became
₹6,24,032
- 20Persistent Systems Ltd.
PERSISTENT
29.4%View 16 years returns for Persistent Systems Ltd.Total Return
6135.3%
₹10,000 Became
₹6,23,527
- 21SRF Ltd.
SRF
29.3%View 16 years returns for SRF Ltd.Total Return
6054.0%
₹10,000 Became
₹6,15,395
- 22Cemindia Projects Ltd.
CEMPRO
29.0%View 16 years returns for Cemindia Projects Ltd.Total Return
5770.3%
₹10,000 Became
₹5,87,030
- 23Olectra Greentech Ltd.
OLECTRA
28.6%View 16 years returns for Olectra Greentech Ltd.Total Return
5549.0%
₹10,000 Became
₹5,64,899
- 24Gabriel India Ltd.
GABRIEL
28.5%View 16 years returns for Gabriel India Ltd.Total Return
5447.5%
₹10,000 Became
₹5,54,750
- 25Aarti Industries Ltd.
AARTIIND
28.4%View 16 years returns for Aarti Industries Ltd.Total Return
5345.6%
₹10,000 Became
₹5,44,559
- 26Atul Ltd.
ATUL
28.3%View 16 years returns for Atul Ltd.Total Return
5289.8%
₹10,000 Became
₹5,38,976
- 27Aegis Logistics Ltd.
AEGISLOG
28.1%View 16 years returns for Aegis Logistics Ltd.Total Return
5171.6%
₹10,000 Became
₹5,27,160
- 28Torrent Pharmaceuticals Ltd.
TORNTPHARM
27.2%View 16 years returns for Torrent Pharmaceuticals Ltd.Total Return
4639.1%
₹10,000 Became
₹4,73,905
- 29Bajaj Finserv Ltd.
BAJAJFINSV
26.5%View 16 years returns for Bajaj Finserv Ltd.Total Return
4224.7%
₹10,000 Became
₹4,32,466
- 30Saregama India Ltd
SAREGAMA
26.3%View 16 years returns for Saregama India LtdTotal Return
4128.8%
₹10,000 Became
₹4,22,882
- 31Kajaria Ceramics Ltd.
KAJARIACER
26.2%View 16 years returns for Kajaria Ceramics Ltd.Total Return
4044.4%
₹10,000 Became
₹4,14,441
- 32Balkrishna Industries Ltd.
BALKRISIND
26.1%View 16 years returns for Balkrishna Industries Ltd.Total Return
3990.8%
₹10,000 Became
₹4,09,081
- 33Adani Enterprises Ltd.
ADANIENT
25.8%View 16 years returns for Adani Enterprises Ltd.Total Return
3870.4%
₹10,000 Became
₹3,97,037
- 34Tata Elxsi Ltd.
TATAELXSI
25.6%View 16 years returns for Tata Elxsi Ltd.Total Return
3749.1%
₹10,000 Became
₹3,84,909
- 35J.K. Cement Ltd.
JKCEMENT
25.6%View 16 years returns for J.K. Cement Ltd.Total Return
3728.7%
₹10,000 Became
₹3,82,866
- 36Titan Company Ltd.
TITAN
25.4%View 16 years returns for Titan Company Ltd.Total Return
3646.3%
₹10,000 Became
₹3,74,627
- 37Supreme Industries Ltd.
SUPREMEIND
25.2%View 16 years returns for Supreme Industries Ltd.Total Return
3541.1%
₹10,000 Became
₹3,64,106
- 38Can Fin Homes Ltd.
CANFINHOME
25.1%View 16 years returns for Can Fin Homes Ltd.Total Return
3505.0%
₹10,000 Became
₹3,60,503
- 39Supreme Petrochem Ltd.
SPLPETRO
25.1%View 16 years returns for Supreme Petrochem Ltd.Total Return
3496.1%
₹10,000 Became
₹3,59,610
- 40Sonata Software Ltd.
SONATSOFTW
24.8%View 16 years returns for Sonata Software Ltd.Total Return
3352.9%
₹10,000 Became
₹3,45,290
- 41Page Industries Ltd.
PAGEIND
24.6%View 16 years returns for Page Industries Ltd.Total Return
3288.5%
₹10,000 Became
₹3,38,853
- 42HBL Engineering Ltd.
HBLENGINE
24.6%View 16 years returns for HBL Engineering Ltd.Total Return
3282.8%
₹10,000 Became
₹3,38,277
- 43Radico Khaitan Ltd
RADICO
24.4%View 16 years returns for Radico Khaitan LtdTotal Return
3200.8%
₹10,000 Became
₹3,30,084
- 44Britannia Industries Ltd.
BRITANNIA
24.3%View 16 years returns for Britannia Industries Ltd.Total Return
3168.0%
₹10,000 Became
₹3,26,804
- 45Welspun Living Ltd.
WELSPUNLIV
24.2%View 16 years returns for Welspun Living Ltd.Total Return
3119.8%
₹10,000 Became
₹3,21,977
- 24.1%View 16 years returns for Bharat Electronics Ltd.
Total Return
3087.2%
₹10,000 Became
₹3,18,716
- 4724.1%View 16 years returns for Samvardhana Motherson International Ltd.
Total Return
3061.2%
₹10,000 Became
₹3,16,115
- 48Trent Ltd.
TRENT
23.5%View 16 years returns for Trent Ltd.Total Return
2840.8%
₹10,000 Became
₹2,94,079
- 49Divi's Laboratories Ltd.
DIVISLAB
23.3%View 16 years returns for Divi's Laboratories Ltd.Total Return
2771.0%
₹10,000 Became
₹2,87,104
- 50Ceat Ltd.
CEATLTD
23.2%View 16 years returns for Ceat Ltd.Total Return
2721.6%
₹10,000 Became
₹2,82,160
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 16-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
16 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 16 years?+
Neuland Laboratories Ltd. (NEULANDLAB) tops this ranking with a 43.0% compound annual growth rate over 16 years. ₹10,000 invested at the start of that period would be worth ₹30,73,228 today. This is a historical result, not a prediction or a recommendation to buy.
How are these 16-year rankings calculated?+
We take the adjusted closing price 16 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 16 years multibaggers are in this list?+
139 of the 279 stocks ranked here multiplied invested money at least ten times over 16 years — ₹10,000 becoming ₹1,00,000 or more, and 11 of them reached a hundredfold. 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 16 years. At the top of the ranking, Neuland Laboratories Ltd. would have turned ₹10,000 into ₹30,73,228. 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.