Best High-Return (High ROE) Stocks
The most capital-efficient businesses — the highest returns on shareholder equity.
Not investment advice
These lists are rules-based research, not buy recommendations. Rankings are generated from NSE & BSE data by a deterministic formula and do not account for your personal circumstances. For informational purposes only. Consult a SEBI-registered advisor before investing.
How we rank: We require an ROE above 25% (market cap > ₹2,000 Cr) — exceptional capital efficiency — and rank by ROE.
#1
₹8,720.5-0.70%Score 49/100
ROE 115.0%ROCE 157.0%P/E 33.7Mkt Cap (Cr) 28,291
- ROE of 115% — excellent capital efficiency
- ROCE of 157% — highly efficient use of capital
- Healthy ROE of 115%
- Virtually debt-free (D/E 0.00)
#2
TIPS MUSIC LIMITEDTIPSMUSIC
₹669-0.76%Score 75/100
ROE 92.3%ROCE 122.0%P/E 39.9Mkt Cap (Cr) 8,574
- ROE of 92% — excellent capital efficiency
- ROCE of 122% — highly efficient use of capital
- Healthy ROE of 92%
- Virtually debt-free (D/E 0.02)
#3
SIGMA ADVANCED SYSTEM LTDSIGMAADV
₹557.8-1.93%Score 64/100
ROE 90.6%ROCE 60.8%P/E 36.9Mkt Cap (Cr) 9,852
- ROE of 91% — excellent capital efficiency
- ROCE of 61% — highly efficient use of capital
- Healthy ROE of 91%
- High promoter holding (71%)
#4
ICICI PRUDENTIAL AMC LTDICICIAMC
₹3,182.8+2.34%Score 58/100
ROE 85.8%ROCE 115.0%P/E 50.4Mkt Cap (Cr) 1,57,304
- ROE of 86% — excellent capital efficiency
- ROCE of 115% — highly efficient use of capital
- Healthy ROE of 86%
- Virtually debt-free (D/E 0.04)
#5
COLGATE PALMOLIVE LTD.COLPAL
₹2,042.4+2.06%Score 56/100
ROE 82.7%ROCE 108.0%P/E 42.3Mkt Cap (Cr) 55,554
- ROE of 83% — excellent capital efficiency
- ROCE of 108% — highly efficient use of capital
- Healthy ROE of 83%
- Virtually debt-free (D/E 0.03)
#6
HINDUSTAN ZINC LIMITEDHINDZINC
₹518.35-0.69%Score 71/100
ROE 76.4%ROCE 69.2%P/E 16.3Mkt Cap (Cr) 2,19,033
- ROE of 76% — excellent capital efficiency
- ROCE of 69% — highly efficient use of capital
- Healthy ROE of 76%
- Conservatively financed (D/E 0.39)
#7
₹335.6+1.15%Score 41/100
ROE 75.7%ROCE 2.7%P/E 1.5Mkt Cap (Cr) 1,23,578
- ROE of 76% — excellent capital efficiency
- Healthy ROE of 76%
#8
NESTLE INDIA LIMITEDNESTLEIND
₹1,427.2+0.26%Score 72/100
ROE 73.2%ROCE 84.1%P/E 78.7Mkt Cap (Cr) 2,75,268
- ROE of 73% — excellent capital efficiency
- ROCE of 84% — highly efficient use of capital
- Healthy ROE of 73%
- Virtually debt-free (D/E 0.09)
#9
SANOFI CONS HEALTHC IND LSANOFICONR
₹4,567.2+0.19%Score 72/100
ROE 71.6%ROCE 89.9%P/E 40.3Mkt Cap (Cr) 10,514
- ROE of 72% — excellent capital efficiency
- ROCE of 90% — highly efficient use of capital
- Healthy ROE of 72%
- Virtually debt-free (D/E 0.07)
#10
WAAREE RENEWABLE TECH LTDWAAREERTL
₹999.2-0.40%Score 74/100
ROE 69.1%ROCE 85.4%P/E 22.3Mkt Cap (Cr) 10,435
- ROE of 69% — excellent capital efficiency
- ROCE of 85% — highly efficient use of capital
- Healthy ROE of 69%
- Conservatively financed (D/E 0.12)
#11
GILLETTE INDIA LTDGILLETTE
₹7,810+0.28%Score 60/100
ROE 66.4%ROCE 90.6%P/E 37.9Mkt Cap (Cr) 25,437
- ROE of 66% — excellent capital efficiency
- ROCE of 91% — highly efficient use of capital
- Healthy ROE of 66%
- Virtually debt-free (D/E 0.00)
#12
₹6,799.5-0.80%Score 75/100
ROE 61.6%ROCE 83.5%P/E 32.8Mkt Cap (Cr) 11,290
- ROE of 62% — excellent capital efficiency
- ROCE of 84% — highly efficient use of capital
- Healthy ROE of 62%
- Virtually debt-free (D/E 0.02)
#13
₹2,747.5-2.42%Score 64/100
ROE 56.3%ROCE 71.4%P/E 56.0Mkt Cap (Cr) 70,081
- ROE of 56% — excellent capital efficiency
- ROCE of 71% — highly efficient use of capital
- Healthy ROE of 56%
- Virtually debt-free (D/E 0.00)
#14
PAGE INDUSTRIES LTDPAGEIND
₹39,900-1.38%Score 60/100
ROE 54.3%ROCE 64.4%P/E 62.6Mkt Cap (Cr) 44,515
- ROE of 54% — excellent capital efficiency
- ROCE of 64% — highly efficient use of capital
- Healthy ROE of 54%
- Conservatively financed (D/E 0.18)
#15
BRITANNIA INDUSTRIES LTDBRITANNIA
₹5,412.5+1.92%Score 60/100
ROE 53.6%ROCE 56.0%P/E 51.1Mkt Cap (Cr) 1,30,389
- ROE of 54% — excellent capital efficiency
- ROCE of 56% — highly efficient use of capital
- Healthy ROE of 54%
- Conservatively financed (D/E 0.27)
#16
₹2,269+3.09%Score 70/100
ROE 51.8%ROCE 63.0%P/E 15.2Mkt Cap (Cr) 8,20,971
- ROE of 52% — excellent capital efficiency
- ROCE of 63% — highly efficient use of capital
- Healthy ROE of 52%
- Conservatively financed (D/E 0.11)
#17
₹345.05-5.56%Score 69/100
ROE 51.1%ROCE 44.8%P/E 23.2Mkt Cap (Cr) 23,923
- ROE of 51% — excellent capital efficiency
- ROCE of 45% — highly efficient use of capital
- Healthy ROE of 51%
- Virtually debt-free (D/E 0.10)
#18
₹3,385.5-0.58%Score 67/100
ROE 50.5%ROCE 67.8%P/E 93.5Mkt Cap (Cr) 1,20,558
- ROE of 51% — excellent capital efficiency
- ROCE of 68% — highly efficient use of capital
- Healthy ROE of 51%
- Virtually debt-free (D/E 0.04)
#19
SKF IND (INDUSTRIAL) LTDSKFINDUS
₹2,627.9-2.55%Score 51/100
ROE 50.3%ROCE 56.4%P/E 64.0Mkt Cap (Cr) 13,011
- ROE of 50% — excellent capital efficiency
- ROCE of 56% — highly efficient use of capital
- Healthy ROE of 50%
- Virtually debt-free (D/E 0.00)
#20
ESAB INDIA LTDESABINDIA
₹5,653-0.22%Score 46/100
ROE 48.8%ROCE 64.7%P/E 43.3Mkt Cap (Cr) 8,714
- ROE of 49% — excellent capital efficiency
- ROCE of 65% — highly efficient use of capital
- Healthy ROE of 49%
- Virtually debt-free (D/E 0.01)
About this list
A very high, sustained ROE is one of the strongest signals of a durable competitive advantage. This list ranks the companies generating the highest returns on shareholders’ capital.
Important caveat
ROE can be inflated by heavy debt — cross-check the debt-to-equity ratio. And a great business can still be a poor investment if overpriced.
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All best-stock lists →For informational purposes only, not investment advice. Data from NSE & BSE feeds; rankings are rules-based, not recommendations. Consult a SEBI-registered advisor before investing.