Indian Net Cash Stocks With A Growth Track Record

Maruti Suzuki India

Market Cap: ₹4.9t

Manufactures, purchases, and sells motor vehicles, components, and spare parts in India.

Bharat Electronics

Market Cap: ₹3.0t

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

SBI Life Insurance

Market Cap: ₹2.0t

Operates as a private life insurance company in India.

LTIMindtree

Market Cap: ₹1.7t

A technology consulting and digital solutions company, provides information technology services and solutions in India, North America, Europe, and internationally.

Cummins India

Market Cap: ₹1.2t

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

HDFC Asset Management

Market Cap: ₹1.2t

A publically owned investment manager.

LG Electronics India

Market Cap: ₹1.1t

Manufactures and sells home appliances and consumer electronics in India, rest of Asia, Africa, Europe, the Middle East, South-Central America, and internationally.

Mazagon Dock Shipbuilders

Market Cap: ₹1.1t

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

ICICI Lombard General Insurance

Market Cap: ₹1.0t

Provides various general insurance products and services in India.

United Spirits

Market Cap: ₹1.0t

Manufactures, sells, and distributes alcoholic beverages and other allied spirits in India and internationally.

Hitachi Energy India

Market Cap: ₹929.9b

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

Persistent Systems

Market Cap: ₹875.3b

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

GE Vernova T&D India

Market Cap: ₹793.0b

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

Abbott India

Market Cap: ₹626.8b

Operates as a pharmaceutical company in India.

Nippon Life India Asset Management

Market Cap: ₹567.3b

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

Multi Commodity Exchange of India

Market Cap: ₹486.0b

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

National Aluminium

Market Cap: ₹472.7b

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

L&T Technology Services

Market Cap: ₹433.1b

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

Hexaware Technologies

Market Cap: ₹410.1b

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

3M India

Market Cap: ₹401.2b

Manufactures and trades in various products in India and internationally.

Escorts Kubota

Market Cap: ₹397.0b

Manufactures and sells agricultural and construction equipment in India and internationally.

ACC

Market Cap: ₹345.6b

Engages in the manufacture and sale of cement and ready-mix concrete in India.

Central Depository Services (India)

Market Cap: ₹332.3b

Provides depository services in India.

Tata Elxsi

Market Cap: ₹322.8b

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

Metro Brands

Market Cap: ₹302.0b

Operates as a footwear specialty retailer in India.

Gillette India

Market Cap: ₹276.1b

Engages in the manufacture and sale of grooming and oral care products in India and internationally.

Tata Technologies

Market Cap: ₹273.0b

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

ZF Commercial Vehicle Control Systems India

Market Cap: ₹240.1b

Engages in supplying systems for automotive and industrial technology in India and internationally.

Force Motors

Market Cap: ₹239.1b

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

Timken India

Market Cap: ₹227.4b

Manufactures, sells, and distributes tapered and other roller bearings, components, accessories, and mechanical power transmission products in India, the United States, and internationally.

AstraZeneca Pharma India

Market Cap: ₹227.0b

A biopharmaceutical company, manufactures, markets, and trades in pharmaceutical products in India and internationally.

Aditya Birla Sun Life AMC

Market Cap: ₹220.3b

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

eClerx Services

Market Cap: ₹204.8b

Provides business process management, change management, data-driven insights, and advanced analytics services in India, the United States, the United Kingdom, Europe, and the Asia Pacific.

KFin Technologies

Market Cap: ₹191.4b

Operates as a corporate registrar and transfer agency in India, the United States, Canada, and internationally.

Zensar Technologies

Market Cap: ₹164.2b

A digital solutions and technology services company, provides technology consulting and system integration services in India, Americas, Europe, Africa, and internationally.

UTI Asset Management

Market Cap: ₹154.1b

UTI Asset Management Company (P) Ltd. is a privately owned investment manager.