Introduction
The stock market helps you build wealth over time. However, it is essential to have a long-term vision and understand the benefits of investments in the long haul. If you identify stocks that have generated significant returns over the long term, you can invest in them to reap short-term market fluctuations and take advantage of compounding returns.
This list comprises the top nine stocks that have generated a CAGR of over 20% in the past ten years.
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Stocks with mind-blowing returns in the past ten years
1. Bajaj Finance Ltd.
Bajaj Finance, originally known as Bajaj Auto Finance (BAF), is a Non-Banking Financial Company (NBFC) and one of India’s largest consumer durables lenders. It offers financing for two-wheelers, small businesses, construction equipment, consumer durables, and housing. The company has established a strong presence in the Indian market since its establishment in 1987. As of March 7, 2024, its market capitalisation was Rs. 3,97,460 crore and its Price-to-Earnings (P/E) ratio was 28.83.
2. Berger Paints India Ltd.
Berger Paints is a prominent player in India’s paint industry. It is well-known for its vast palette of decorative and industrial coatings. This extensive collection aptly caters to local tastes and aligns with Indians' diverse preferences. As of March 7, 2024, the company had a low P/E ratio of 59.05 and a market capitalisation of Rs. 66,841 crore.
3. Eicher Motors Ltd.
Eicher Motors is renowned for manufacturing motorcycles and commercial vehicles. It is the parent company of Royal Enfield. The company was established in 1982 with the vision to deliver innovation and top-tier quality. As of March 7, 2024, Eicher Motor’s P/E ratio was low at 27, and its market capitalisation was Rs. 1,03,640 crore.
4. KEI Industries Ltd.
KEI was established in 1968. It primarily produced rubber cables for house wiring. Through the years, it has grown into a global empire providing comprehensive wire and cable solutions. With its headquarters in New Delhi, KEI caters to the cabling requirements of various sectors. As of March 7, 2024, its P/E ratio was high at 55.66, and its market capitalisation was Rs. 30,634 crore.
5. Titan Company Ltd.
Titan Company started operations in 1984. It manufactures luxury fashion accessories like watches, eyewear, and jewellery. The company has its headquarters in Bangalore. It is the largest manufacturer of quartz watches in India and the sixth largest manufacturer of branded watches globally. Titan Company’s market capitalisation was Rs. 3,36,195 crore, and its P/E ratio was 97.42 as of March 7, 2024.
6. Havells India Ltd.
Havells India is a strong player in the electrical and consumer goods industry. It offers a vast product portfolio comprising everything from diverse lighting solutions like cables, switches, and wires to electrical appliances. Havells had a high P/E ratio of 81.82 as of March 7, 2024. Its market capitalisation was Rs. 96,706 crore.
7. Shree Cements Ltd.
Shree Cements is India’s second-largest cement player. It earns most of its revenues from the northern and central regions. Since its inception, Shree Cements has been dedicated to quality and sustainability, helping it carve a place in the Indian construction materials market. As of March 7, 2024, the company reported an average P/E ratio of 39.68 and a market capitalisation of Rs. 89,140 crore.
8. Britannia Industries Ltd.
Britannia Industries is a Bangalore-based biscuits company that belongs to the Wadia group, a cotton-to-real estate conglomerate. It is one of the largest brands in India, manufacturing and selling bread, biscuits, cakes, rusk, and dairy products. As of March 7, 2024, Britannia Industries had a market capitalisation worth Rs. 1,17,764 crore and a P/E ratio of 54.52.
9. Pidilite Industries Ltd.
Pidilite Industries is a renowned adhesive manufacturing company headquartered in Mumbai. It also manufactures art materials and stationery, car products, sealants, adhesives, food and fabric care products, pigments, and leather and construction chemicals. As of March 7, 2024, the company had a low P/E ratio of 85.14 and a market capitalisation of Rs. 1,45,759 crore.
Conclusion
The nine companies mentioned above have displayed outstanding performance in their sectors and generated significant CAGR growth in the past ten years. You can consider investing in these stocks to earn returns but remember to evaluate your risk tolerance and investment horizon before making a decision.
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