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.

Hindustan Aeronautics

Market Cap: ₹3.2t

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.

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.

Bajaj Holdings & Investment

Market Cap: ₹1.4t

An investment holding company, operates as a non-banking financial institution-investment and credit company in India.

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.

BSE

Market Cap: ₹1.2t

Provides a platform for trading in equities, currencies, capital-raising, debt instruments, derivatives, mutual funds, and other securities in India and internationally.

HDFC Asset Management

Market Cap: ₹1.2t

A publically owned investment manager.

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.

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.

Bosch

Market Cap: ₹1.1t

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

United Spirits

Market Cap: ₹1.0t

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

ICICI Lombard General Insurance

Market Cap: ₹998.0b

Provides various general insurance products and services in India.

Hitachi Energy India

Market Cap: ₹956.8b

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

Persistent Systems

Market Cap: ₹910.6b

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

GE Vernova T&D India

Market Cap: ₹777.4b

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

Vishal Mega Mart

Market Cap: ₹639.7b

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

Abbott India

Market Cap: ₹621.0b

Operates as a pharmaceutical company in India.

Indian Railway Catering & Tourism

Market Cap: ₹564.2b

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

Nippon Life India Asset Management

Market Cap: ₹549.6b

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

Multi Commodity Exchange of India

Market Cap: ₹493.0b

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

National Aluminium

Market Cap: ₹482.2b

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.

GlaxoSmithKline Pharmaceuticals

Market Cap: ₹419.8b

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

Hexaware Technologies

Market Cap: ₹419.4b

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

3M India

Market Cap: ₹403.5b

Manufactures and trades in various products in India and internationally.

Escorts Kubota

Market Cap: ₹397.3b

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: ₹339.8b

Provides depository services in India.

Tata Elxsi

Market Cap: ₹327.8b

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

NBCC (India)

Market Cap: ₹308.3b

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

Metro Brands

Market Cap: ₹298.9b

Operates as a footwear specialty retailer in India.

Gillette India

Market Cap: ₹278.3b

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

Tata Technologies

Market Cap: ₹275.8b

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: ₹240.7b

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