Best Performing Indian Stocks Over 19 Years
Every stock we track, ranked by its compound annual growth rate over the last 19 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
46.0%
Median CAGR
15.3%
₹10K → JBMA
₹1.34Cr
Stocks Ranked
244
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 19-year data actually shows
- JBM Auto Ltd. leads every stock we track over 19 years, compounding at 46.0% a year — turning ₹10,000 into ₹1,33,87,055, a 1338.7× return.
- The median stock in this ranking compounded at 15.3% a year. The gap between that and the 46.0% leader is the whole argument for research: over 19 years, picking the middle of the pack produced a very different outcome from picking the top.
- The average CAGR (15.9%) sits above the median (15.3%), which means a small number of exceptional performers are pulling the average up rather than gains being spread evenly.
- 236 of 244 stocks (97%) delivered a positive return over 19 years; the remaining 8 did not recover their starting price.
- Annualised returns across the ranking span 46.0% down to -8.0%. That spread — not the average — is what an investor actually lives with when they hold a single stock.
The Rankings
Top 50 stocks by 19 years CAGR
Ranked highest to lowest by compound annual growth rate. The ₹10,000 column shows what a single lump-sum investment made 19 years ago would be worth today, on a total-return basis — dividends and splits included.
- 1JBM Auto Ltd.
JBMA
46.0%View 19 years returns for JBM Auto Ltd.Total Return
133770.6%
₹10,000 Became
₹1,33,87,055
- 2Solar Industries India Ltd.
SOLARINDS
39.8%View 19 years returns for Solar Industries India Ltd.Total Return
58686.8%
₹10,000 Became
₹58,78,682
- 3Ajanta Pharmaceuticals Ltd.
AJANTPHARM
39.2%View 19 years returns for Ajanta Pharmaceuticals Ltd.Total Return
53623.8%
₹10,000 Became
₹53,72,382
- 4UNO Minda Ltd.
UNOMINDA
36.2%View 19 years returns for UNO Minda Ltd.Total Return
35420.4%
₹10,000 Became
₹35,52,041
- 5Bajaj Finance Ltd.
BAJFINANCE
36.0%View 19 years returns for Bajaj Finance Ltd.Total Return
34358.4%
₹10,000 Became
₹34,45,843
- 6Astral Ltd.
ASTRAL
35.5%View 19 years returns for Astral Ltd.Total Return
31956.8%
₹10,000 Became
₹32,05,678
- 7Eicher Motors Ltd.
EICHERMOT
34.0%View 19 years returns for Eicher Motors Ltd.Total Return
26060.9%
₹10,000 Became
₹26,16,094
- 8Navin Fluorine International Ltd.
NAVINFLUOR
33.3%View 19 years returns for Navin Fluorine International Ltd.Total Return
23595.6%
₹10,000 Became
₹23,69,562
- 9Aegis Logistics Ltd.
AEGISLOG
31.9%View 19 years returns for Aegis Logistics Ltd.Total Return
19101.2%
₹10,000 Became
₹19,20,116
- 10TVS Motor Company Ltd.
TVSMOTOR
31.4%View 19 years returns for TVS Motor Company Ltd.Total Return
17863.7%
₹10,000 Became
₹17,96,367
- 11SRF Ltd.
SRF
30.8%View 19 years returns for SRF Ltd.Total Return
16471.2%
₹10,000 Became
₹16,57,117
- 12Gabriel India Ltd.
GABRIEL
30.3%View 19 years returns for Gabriel India Ltd.Total Return
15135.6%
₹10,000 Became
₹15,23,556
- 13Adani Enterprises Ltd.
ADANIENT
30.1%View 19 years returns for Adani Enterprises Ltd.Total Return
14789.1%
₹10,000 Became
₹14,88,913
- 14LT Foods Ltd.
LTFOODS
29.9%View 19 years returns for LT Foods Ltd.Total Return
14344.2%
₹10,000 Became
₹14,44,416
- 15J.B. Chemicals & Pharmaceuticals Ltd.
JBCHEPHARM
29.4%View 19 years returns for J.B. Chemicals & Pharmaceuticals Ltd.Total Return
13297.0%
₹10,000 Became
₹13,39,704
- 16Torrent Pharmaceuticals Ltd.
TORNTPHARM
29.2%View 19 years returns for Torrent Pharmaceuticals Ltd.Total Return
12927.4%
₹10,000 Became
₹13,02,742
- 17Apar Industries Ltd.
APARINDS
28.8%View 19 years returns for Apar Industries Ltd.Total Return
12205.3%
₹10,000 Became
₹12,30,527
- 18Supreme Industries Ltd.
SUPREMEIND
28.6%View 19 years returns for Supreme Industries Ltd.Total Return
11911.5%
₹10,000 Became
₹12,01,148
- 19Aarti Industries Ltd.
AARTIIND
28.4%View 19 years returns for Aarti Industries Ltd.Total Return
11501.6%
₹10,000 Became
₹11,60,162
- 20Page Industries Ltd.
PAGEIND
28.3%View 19 years returns for Page Industries Ltd.Total Return
11390.2%
₹10,000 Became
₹11,49,022
- 21Atul Ltd.
ATUL
28.3%View 19 years returns for Atul Ltd.Total Return
11388.5%
₹10,000 Became
₹11,48,847
- 22Granules India Ltd.
GRANULES
27.6%View 19 years returns for Granules India Ltd.Total Return
10150.9%
₹10,000 Became
₹10,25,089
- 23Kajaria Ceramics Ltd.
KAJARIACER
27.5%View 19 years returns for Kajaria Ceramics Ltd.Total Return
10008.7%
₹10,000 Became
₹10,10,871
- 24Can Fin Homes Ltd.
CANFINHOME
27.3%View 19 years returns for Can Fin Homes Ltd.Total Return
9761.4%
₹10,000 Became
₹9,86,139
- 25Titan Company Ltd.
TITAN
27.1%View 19 years returns for Titan Company Ltd.Total Return
9515.3%
₹10,000 Became
₹9,61,532
- 26K.P.R. Mill Ltd.
KPRMILL
27.0%View 19 years returns for K.P.R. Mill Ltd.Total Return
9253.6%
₹10,000 Became
₹9,35,361
- 27Supreme Petrochem Ltd.
SPLPETRO
26.7%View 19 years returns for Supreme Petrochem Ltd.Total Return
8938.2%
₹10,000 Became
₹9,03,815
- 2826.5%View 19 years returns for KEI Industries Ltd.
Total Return
8588.8%
₹10,000 Became
₹8,68,880
- 2925.2%View 19 years returns for Samvardhana Motherson International Ltd.
Total Return
7107.2%
₹10,000 Became
₹7,20,719
- 30Sundaram Finance Ltd.
SUNDARMFIN
24.6%View 19 years returns for Sundaram Finance Ltd.Total Return
6474.6%
₹10,000 Became
₹6,57,463
- 24.4%View 19 years returns for CCL Products (I) Ltd.
Total Return
6238.1%
₹10,000 Became
₹6,33,810
- 24.4%View 19 years returns for Cholamandalam Investment and Finance Company Ltd.
Total Return
6236.0%
₹10,000 Became
₹6,33,600
- 33Coromandel International Ltd.
COROMANDEL
24.2%View 19 years returns for Coromandel International Ltd.Total Return
6104.1%
₹10,000 Became
₹6,20,415
- 34Elgi Equipments Ltd.
ELGIEQUIP
23.8%View 19 years returns for Elgi Equipments Ltd.Total Return
5665.9%
₹10,000 Became
₹5,76,588
- 35Trent Ltd.
TRENT
23.6%View 19 years returns for Trent Ltd.Total Return
5511.8%
₹10,000 Became
₹5,61,178
- 36Linde India Ltd.
LINDEINDIA
23.5%View 19 years returns for Linde India Ltd.Total Return
5394.8%
₹10,000 Became
₹5,49,482
- 37Coforge Ltd.
COFORGE
23.4%View 19 years returns for Coforge Ltd.Total Return
5309.3%
₹10,000 Became
₹5,40,935
- 38Cholamandalam Financial Holdings Ltd.
CHOLAHLDNG
22.8%View 19 years returns for Cholamandalam Financial Holdings Ltd.Total Return
4843.9%
₹10,000 Became
₹4,94,389
- 39Pidilite Industries Ltd.
PIDILITIND
22.7%View 19 years returns for Pidilite Industries Ltd.Total Return
4777.7%
₹10,000 Became
₹4,87,770
- 40Balkrishna Industries Ltd.
BALKRISIND
22.6%View 19 years returns for Balkrishna Industries Ltd.Total Return
4725.5%
₹10,000 Became
₹4,82,546
- 41NATCO Pharma Ltd.
NATCOPHARM
22.5%View 19 years returns for NATCO Pharma Ltd.Total Return
4638.3%
₹10,000 Became
₹4,73,832
- 42Shriram Finance Ltd.
SHRIRAMFIN
22.0%View 19 years returns for Shriram Finance Ltd.Total Return
4293.4%
₹10,000 Became
₹4,39,339
- 43Britannia Industries Ltd.
BRITANNIA
22.0%View 19 years returns for Britannia Industries Ltd.Total Return
4293.0%
₹10,000 Became
₹4,39,298
- 44Olectra Greentech Ltd.
OLECTRA
21.9%View 19 years returns for Olectra Greentech Ltd.Total Return
4223.8%
₹10,000 Became
₹4,32,380
- 45Escorts Kubota Ltd.
ESCORTS
21.8%View 19 years returns for Escorts Kubota Ltd.Total Return
4155.6%
₹10,000 Became
₹4,25,560
- 46Gallantt Ispat Ltd.
GALLANTT
21.7%View 19 years returns for Gallantt Ispat Ltd.Total Return
4112.1%
₹10,000 Became
₹4,21,206
- 47Welspun Living Ltd.
WELSPUNLIV
21.7%View 19 years returns for Welspun Living Ltd.Total Return
4069.2%
₹10,000 Became
₹4,16,918
- 48J.K. Cement Ltd.
JKCEMENT
21.6%View 19 years returns for J.K. Cement Ltd.Total Return
4044.0%
₹10,000 Became
₹4,14,396
- 49Cemindia Projects Ltd.
CEMPRO
21.4%View 19 years returns for Cemindia Projects Ltd.Total Return
3869.8%
₹10,000 Became
₹3,96,982
- 50Berger Paints India Ltd.
BERGEPAINT
21.3%View 19 years returns for Berger Paints India Ltd.Total Return
3854.2%
₹10,000 Became
₹3,95,424
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 19-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
19 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 19 years?+
JBM Auto Ltd. (JBMA) tops this ranking with a 46.0% compound annual growth rate over 19 years. ₹10,000 invested at the start of that period would be worth ₹1,33,87,055 today. This is a historical result, not a prediction or a recommendation to buy.
How are these 19-year rankings calculated?+
We take the adjusted closing price 19 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 19 years multibaggers are in this list?+
162 of the 244 stocks ranked here multiplied invested money at least ten times over 19 years — ₹10,000 becoming ₹1,00,000 or more, and 23 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 19 years. At the top of the ranking, JBM Auto Ltd. would have turned ₹10,000 into ₹1,33,87,055. 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.