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Best Multibagger Stocks in India

Discover the best multibagger stocks in India that have delivered extraordinary returns.

Best Multibagger Stocks in India

Multibagger Stocks

List of multibagger stocks listed in NSE.
last updated at 9:45 PM IST 
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Showing 1 - 20 of 97 results

last updated at 9:45 PM IST 
NameStocks (97)Sub-SectorSub-SectorMarket CapMarket CapClose PriceClose Price5Y CAGR5Y CAGRNet IncomeNet IncomePE RatioPE Ratio1M Return1M Return6M Return6M Return1Y Return1Y ReturnPB RatioPB RatioReturn on EquityReturn on EquityROCEROCE
1.Mahindra and Mahindra LtdM&MFour WheelersFour Wheelers3,51,527.243,51,527.242,930.602,930.6054.2254.2211,268.6411,268.6431.2031.204.694.695.385.3842.1242.124.424.4215.3715.3714.7414.74
2.Hindustan Aeronautics LtdHALAerospace & Defense EquipmentsAerospace & Defense Equipments2,96,019.882,96,019.884,426.304,426.3076.3076.307,621.057,621.0538.8438.84-0.04-0.046.696.6910.1710.1710.1610.1628.9128.9124.5824.58
3.Adani Enterprises LtdADANIENTCommodities TradingCommodities Trading2,73,517.752,73,517.752,369.802,369.8076.2676.263,239.553,239.5584.4384.43-0.91-0.91-15.32-15.32-23.09-23.096.196.197.897.898.148.14
4.Tata Motors LtdTATAMOTORSFour WheelersFour Wheelers2,45,969.322,45,969.32668.15668.1554.0854.0831,399.0931,399.097.837.83-2.47-2.47-23.94-23.94-33.23-33.232.642.6443.1043.1019.3719.37
5.Bharat Electronics LtdBELElectronic EquipmentsElectronic Equipments2,22,984.802,22,984.80305.05305.0565.7365.733,984.523,984.5255.9655.96-2.11-2.1112.9612.9629.5929.5913.6413.6426.3726.3730.1730.17
6.Adani Power LtdADANIPOWERPower GenerationPower Generation2,13,192.302,13,192.30552.75552.7578.9278.9220,828.7920,828.7910.2410.245.045.04-7.60-7.60-7.27-7.274.924.9256.7756.7731.7231.72
7.Trent LtdTRENTRetail - ApparelRetail - Apparel1,85,191.191,85,191.195,209.505,209.5060.3360.331,486.801,486.80124.56124.56-5.07-5.07-28.71-28.7120.7620.7645.1445.1443.9543.9540.7240.72
8.Varun Beverages LtdVBLSoft DrinksSoft Drinks1,80,321.081,80,321.08533.20533.2055.3955.392,594.642,594.6469.5069.50-2.95-2.95-11.69-11.69-10.31-10.3110.7710.7721.7821.7821.0521.05
9.TVS Motor Company LtdTVSMOTORTwo WheelersTwo Wheelers1,32,598.541,32,598.542,793.102,793.1056.6356.632,235.562,235.5659.3159.3111.1611.1613.4313.4337.1537.1517.6517.6525.1325.1326.8726.87
10.Cholamandalam Investment and Finance Company LtdCHOLAFINConsumer FinanceConsumer Finance1,28,323.261,28,323.261,525.801,525.8059.6359.634,262.704,262.7030.1030.100.550.5519.1719.1730.3130.316.556.5520.1520.154.664.66
11.Tata Power Company LtdTATAPOWERPower Transmission & DistributionPower Transmission & Distribution1,26,247.871,26,247.87395.10395.1066.6966.693,696.253,696.2534.1634.160.870.87-7.19-7.19-11.81-11.813.293.2910.1910.1910.6010.60
12.Solar Industries India LtdSOLARINDSCommodity ChemicalsCommodity Chemicals1,18,750.101,18,750.1013,123.0013,123.0072.4672.46835.93835.93142.06142.0615.1315.1327.4827.4848.4148.4134.6534.6527.0627.0631.1831.18
13.Indian Hotels Company LtdINDHOTELHotels, Resorts & Cruise LinesHotels, Resorts & Cruise Lines1,13,938.631,13,938.63800.45800.4561.5361.531,259.071,259.0790.4990.49-0.59-0.5919.2519.2537.3937.3911.2511.2513.4213.4214.8114.81
14.Dixon Technologies (India) LtdDIXONHome Electronics & AppliancesHome Electronics & Appliances98,878.5298,878.5216,415.0016,415.0080.2180.21367.75367.75268.87268.8720.0020.0015.3015.3093.7993.7957.1157.1124.3224.3225.4625.46
15.CG Power and Industrial Solutions LtdCGPOWERHeavy Electrical EquipmentsHeavy Electrical Equipments96,877.7296,877.72633.60633.60139.74139.741,427.011,427.0167.8967.89-0.14-0.14-11.00-11.0013.3413.3432.0932.0959.3359.3355.1255.12
16.Jindal Steel And Power LtdJINDALSTELIron & SteelIron & Steel91,818.9891,818.98907.50907.5061.0061.005,938.425,938.4215.4615.46-3.07-3.07-1.25-1.25-3.67-3.672.052.0514.1814.1812.0212.02
17.BSE LtdBSEStock Exchanges & RatingsStock Exchanges & Ratings88,867.8188,867.816,564.506,564.50121.40121.40778.39778.39114.17114.1726.0726.0757.6057.60136.88136.8825.7225.7224.7824.7823.3823.38
18.Polycab India LtdPOLYCABElectrical Components & EquipmentsElectrical Components & Equipments84,209.2684,209.265,598.005,598.0051.3851.381,784.041,784.0447.2047.205.195.19-12.11-12.11-0.74-0.7410.2210.2223.9223.9229.0729.07
19.JSW Energy LtdJSWENERGYPower GenerationPower Generation83,108.7683,108.76476.20476.2064.6164.611,722.711,722.7148.2448.24-12.52-12.52-25.93-25.93-21.07-21.073.953.958.678.678.368.36
20.Persistent Systems LtdPERSISTENTSoftware ServicesSoftware Services82,397.9082,397.905,287.005,287.0086.1186.111,400.161,400.1658.8558.85-6.91-6.91-6.70-6.7056.7156.7116.6216.6224.5124.5136.4236.42

Overview of the Top Multibagger Stocks in India

Mahindra and Mahindra Ltd

Mahindra and Mahindra Ltd is a leading Indian multinational corporation primarily engaged in automotive manufacturing, specialising in SUVs, commercial vehicles, and tractors. Featured in the best multibagger stocks list, it also operates in aerospace, agribusiness, and IT services, making it one of India’s most diversified and respected industrial conglomerates.

Hindustan Aeronautics Ltd

A leading aerospace and defense company in India, HAL designs, manufactures, and services aircraft, helicopters, avionics, and related defense equipment. HAL is considered one of the Indian multibagger companies in the defense sector. It supplies to the Indian Armed Forces and partners with global firms for advanced aerospace technology development.

Adani Enterprises Ltd

The flagship company of the Adani Group, Adani Enterprises Ltd operates in diverse sectors, including infrastructure, energy, mining, defense, and airports. Among the multibagger large-cap stocks, it plays a crucial role in India’s economic development through businesses like solar manufacturing, data centers, agribusiness, and integrated resource management.

Tata Motors

Tata Motors is a major Indian automotive manufacturer and a part of the Tata Group. It produces a wide range of vehicles, including cars, trucks, buses, and defense vehicles. Among the NSE multibagger stocks India known for innovation, it owns the Jaguar Land Rover brand and plays a significant role in India’s automotive industry.

Bharat Electronics Ltd

A government-owned aerospace and defense electronics company, BEL manufactures advanced electronic products for the Indian Armed Forces, including radar systems, communication equipment, and missile systems. Among the top multibagger shares, it plays a vital role in India’s defense modernisation.

Advantages of Investing in Multibagger Stocks in India

High Returns Potential

The best multibagger stocks have the potential to multiply the initial investment several times over, offering multibagger returns that far exceed average market growth.

Wealth Creation

By investing early in multibagger stocks, investors can accumulate substantial wealth over time as these stocks tend to appreciate significantly. This wealth-building ability is one of the defining characteristics of high-growth stocks that deliver above-average performance.

Market Outperformance

These multibagger shares 2025 often outperform the broader market indices, providing investors with superior returns compared to standard investments. ​

Inflation Hedge

The significant capital appreciation associated with multibagger investment can help investors protect their purchasing power against inflation. ​

Portfolio Diversification

Including multibagger stocks for long term in a portfolio adds diversity, as they often come from various sectors with different growth dynamics, thereby spreading risk.

Long-Term Growth

Multibagger stocks generally perform well over the long term, offering steady growth compared to short-term, high-risk investments. Stocks from sectors like technology, infrastructure, and renewable energy have historically demonstrated multibagger growth potential over extended periods.

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Factors to Consider Before Investing in Multibagger Stocks

Company Fundamentals

While conducting a multibagger stock analysis, you can assess the company's financial health by examining revenue growth, profit margins, and debt levels. Strong fundamentals often indicate a company's potential for substantial growth.

Industry Trends

Focus on sectors poised for expansion. Historical multibagger examples often come from industries undergoing structural change or technological disruption, such as technology, pharmaceuticals, renewable energy, and consumer goods.

Management Quality

Evaluate the competence and track record of the company's management team. Effective leadership is crucial for navigating challenges and capitalising on growth opportunities.

Debt Levels

Companies with low debt-to-equity ratios are generally more stable and have greater flexibility to invest in growth opportunities, reducing financial risk.

Innovation and Expansion

While identifying multibagger stocks 2025, explore companies investing in research and development to innovate and expand their product lines or services are better positioned for long-term growth.

Valuation Metrics

Analyse valuation metrics like the Price-to-Earnings (P/E) ratio to identify undervalued stocks, including multibagger penny stocks, with high growth potential.

Frequently Asked Questions on Multibagger Stocks

  1. 1. What are multibagger stocks?

    A multibagger stock is one that increases its value multiple times over its initial investment, typically due to robust business models, consistent earnings growth, and favourable market conditions.

  2. 2. How to identify multibagger stocks?

    Investors should look for companies with strong financials, low debt-to-equity ratios, high return on equity (ROE), consistent revenue and profit growth, and competent management teams.

  3. 3. What risks are associated with investing in multibagger stocks?

    Multibagger risks include high volatility, especially in small-cap or penny stocks. Not all high-return stocks India sustain performance, so diversification and research remain essential.

  4. 4. Can small-cap stocks become multibaggers?

    Yes, multibagger small-cap stocks with strong fundamentals and growth prospects can become multibaggers, though they may carry higher risks compared to large-cap stocks.