Indian Net Cash Stocks With A Growth Track Record

Life Insurance Corporation of India

Market Cap: ₹5.9t

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

Maruti Suzuki India

Market Cap: ₹4.0t

Engages in the manufacture, purchase, and sale of motor vehicles, components, and spare parts primarily in India.

Hindustan Aeronautics

Market Cap: ₹3.3t

Engages in the design, development, manufacture, repair, overhaul, upgrade, and servicing of aircraft, helicopters, aero-engines, avionics, accessories, and aerospace structures in India and internationally.

Bharat Electronics

Market Cap: ₹3.1t

Designs, manufactures, and supplies electronic equipment and systems for the defense and civilian markets in India.

Avenue Supermarts

Market Cap: ₹2.8t

Engages in the business of organized retail and operating supermarkets under the D-Mart brand name in India.

SBI Life Insurance

Market Cap: ₹1.8t

Operates as a private life insurance company in India.

Bajaj Holdings & Investment

Market Cap: ₹1.6t

Operates as a non-banking financial institution-investment and credit company in India.

Mazagon Dock Shipbuilders

Market Cap: ₹1.3t

Engages in building and repairing of ships, submarines, vessels, and related engineering products in India and internationally.

Siemens

Market Cap: ₹1.2t

A technology company, engages in industry, infrastructure, and mobility business in India and internationally.

BSE

Market Cap: ₹1.1t

Provides a platform for trading in equity, currencies, debt instruments, derivatives, mutual funds, and other securities in India and internationally.

HDFC Asset Management

Market Cap: ₹1.1t

A publically owned investment manager.

Bosch

Market Cap: ₹1.1t

Engages in the manufacture and trading of automotive products in India and internationally.

United Spirits

Market Cap: ₹978.6b

Engages in the manufacture, sale, and distribution of alcoholic beverages and other allied spirits in India and internationally.

Cummins India

Market Cap: ₹925.7b

Engages in the design, manufacture, distribution, and service of engines, generator sets, and related technologies in India, Nepal, and Bhutan.

Hitachi Energy India

Market Cap: ₹889.9b

Offers products, projects, and services for electricity transmission and related activities in India and internationally.

Persistent Systems

Market Cap: ₹880.0b

Provides software products, services, and technology solutions in India, North America, and internationally.

Abbott India

Market Cap: ₹738.3b

Operates as a pharmaceutical company in India.

Indian Railway Catering & Tourism

Market Cap: ₹624.9b

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

Vishal Mega Mart

Market Cap: ₹602.9b

Engages in the wholesale, trading, and retail of apparel, fast moving consumer goods, and general merchandise in India.

GE Vernova T&D India

Market Cap: ₹602.5b

Engages in building power transmission and distribution infrastructure in India and internationally.

GlaxoSmithKline Pharmaceuticals

Market Cap: ₹556.6b

Manufactures, distributes, and trades in pharmaceuticals in India and internationally.

Page Industries

Market Cap: ₹543.3b

Manufactures, markets, and distributes textile garments and clothing accessories for men, women, and junior girls and boys in India and internationally.

Hexaware Technologies

Market Cap: ₹527.4b

Provides information technology consulting, software development, and business process services worldwide.

Nippon Life India Asset Management

Market Cap: ₹501.7b

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

L&T Technology Services

Market Cap: ₹464.5b

Operates as an engineering research and development services company in India, North America, Europe, and internationally.

Tata Elxsi

Market Cap: ₹386.7b

Engages in the provision of product design and engineering, and systems integration and support services in India, the United States, Europe, and internationally.

Gillette India

Market Cap: ₹348.6b

Manufactures and sells grooming and oral care products in India and internationally.

3M India

Market Cap: ₹326.4b

Manufactures and trades in various products for the automotive, commercial solutions, consumer markets, design and construction, electronics, energy, health care, manufacturing, safety, and transportation industries in India and internationally.

NBCC (India)

Market Cap: ₹318.2b

Engages in project management consultancy, engineering procurement and construction, and real estate development businesses in India and internationally.

Metro Brands

Market Cap: ₹310.9b

Operates as a footwear specialty retailer in India.

Tata Technologies

Market Cap: ₹287.3b

Provides product engineering and digital services in India, the United Kingdom, North America, rest of Europe, and internationally.

Sumitomo Chemical India

Market Cap: ₹267.6b

Engages in the manufacture and sale of household and household and public health insecticides, agricultural pesticides, and animal nutrition products in India and internationally.

ZF Commercial Vehicle Control Systems India

Market Cap: ₹251.7b

Provides automotive products in India and internationally.

Timken India

Market Cap: ₹248.9b

Manufactures and distributes tapered roller bearings, other roller bearings, components, and accessories for the automotive sector and railway industry in India, the United States, and internationally.

SKF India

Market Cap: ₹245.0b

Provides bearings technology and solutions to industrial and automotive sectors in India and internationally.

Aditya Birla Sun Life AMC

Market Cap: ₹231.9b

Aditya Birla Sun Life AMC Limited is privately owned investment manager.