Indian High Return On Equity, Low Debt

Tata Consultancy Services

Market Cap: ₹10.9t

Provides information technology (IT) and IT enabled services in the Americas, Europe, India, and internationally.

Infosys

Market Cap: ₹6.2t

Provides consulting, technology, outsourcing, and digital services in North America, Europe, India, Switzerland, and internationally.

Life Insurance Corporation of India

Market Cap: ₹5.3t

Provides life insurance products in India, Fiji, Mauritius, and the United Kingdom.

Hyundai Motor India

Market Cap: ₹1.8t

Engages in the manufacture and sale of passenger vehicles and parts in India and internationally.

HDFC Asset Management

Market Cap: ₹1.2t

A publically owned investment manager.

Marico

Market Cap: ₹951.7b

Manufactures and sells branded consumer products in India, Bangladesh, Vietnam, and internationally.

Dixon Technologies (India)

Market Cap: ₹708.7b

Manufactures and sells electronic goods in India and internationally.

National Aluminium

Market Cap: ₹688.6b

Engages in the manufacture and sale of alumina and aluminum products in India and internationally.

Suzlon Energy

Market Cap: ₹682.5b

Manufactures and sells wind turbine generators and related components in India and internationally.

Oracle Financial Services Software

Market Cap: ₹654.0b

Provides information technology (IT) solutions to the financial services industry worldwide.

Multi Commodity Exchange of India

Market Cap: ₹648.5b

A commodity derivatives exchange, provides a platform to facilitate online trading of commodity derivatives in India.

Nippon Life India Asset Management

Market Cap: ₹590.2b

Nippon Life Asset Management Limited is a publicly owned investment manager.

Abbott India

Market Cap: ₹576.2b

Operates as a pharmaceutical company in India.

Indian Railway Catering & Tourism

Market Cap: ₹497.9b

Engages in the provision of catering and hospitality, Internet ticketing, travel and tourism, and packaged drinking water services in India.

3M India

Market Cap: ₹403.6b

Manufactures and trades in various products in India and internationally.

Premier Energies

Market Cap: ₹354.1b

Manufactures and sells integrated solar cells and modules in India.

Motherson Sumi Wiring India

Market Cap: ₹300.8b

Engages in the manufacture and sale of components to automotive original equipment manufacturers in India and internationally.

Garden Reach Shipbuilders & Engineers

Market Cap: ₹288.9b

Engages in the design and construction of war ships in India.

Force Motors

Market Cap: ₹264.4b

An integrated automobile company, designs, develops, manufactures, and sells a range of automotive components, aggregates, and vehicles in India.

Anand Rathi Wealth

Market Cap: ₹245.4b

Provides financial advisory, brokerage, and consultancy services in India.

HBL Engineering

Market Cap: ₹221.5b

Manufactures and sells batteries and other products in India and internationally.

Castrol India

Market Cap: ₹185.2b

Manufactures and markets automotive and industrial lubricants in India and internationally.

Netweb Technologies India

Market Cap: ₹182.6b

Designs, manufactures, and sells high-end computing solutions in India.

Computer Age Management Services

Market Cap: ₹182.3b

Provides registrar and transfer agency services, including data processing and its related activities to financial institutions in India.

Schneider Electric Infrastructure

Market Cap: ₹180.1b

Designs, manufactures, builds, and services products and systems for electricity distribution in India and internationally.

Travel Food Services

Market Cap: ₹147.4b

Manages and operates travel quick service restaurants (QSRs) and lounge in travel locations in India and internationally.

International Gemmological Institute (India)

Market Cap: ₹141.5b

Engages in the certification and accreditation services for natural diamonds, laboratory grown diamonds, studded jewelry, and colored gemstones in India and internationally.

Rubicon Research

Market Cap: ₹127.5b

Operates as a specialty pharmaceutical company in India, the United States, and internationally.

Indian Energy Exchange

Market Cap: ₹113.5b

Provides automated trading platform for physical delivery of electricity, renewable energy, and certificates.

Ingersoll-Rand (India)

Market Cap: ₹110.4b

Manufactures and sells industrial air compressors and related services in India.

Sanofi India

Market Cap: ₹93.0b

Manufactures and trades in drugs and pharmaceutical products in India, Singapore and internationally.

Jeena Sikho Lifecare

Market Cap: ₹89.4b

Trades in ayurvedic medicines in India.

ESAB India

Market Cap: ₹89.0b

Manufactures and sells welding and cutting equipment and consumables in India and internationally.

Procter & Gamble Health

Market Cap: ₹87.1b

Manufactures and markets pharmaceuticals and chemical products in India and internationally.

Manorama Industries

Market Cap: ₹82.2b

Manufactures, processes, and supplies specialty fats and butters from tree-borne, and plant-based seeds worldwide.

V2 Retail

Market Cap: ₹75.8b

Together with its subsidiary, V2 Smart Manufacturing Private Limited, engages in the retail trade of apparel and garments, textiles, and accessories in India.