Top 10 Most Expensive Stocks In India

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The BSE and NSE have over 7,400 stocks listed (NSE count is quite less at 2,011). Most shares in the Indian stock market trade for less than INR1,000 per share. Furthermore, approximately 3,700 companies listed on the Indian stock exchange have share prices of less than INR500 per share.

There are, however, a few stocks that trade at multiples of thousands of rupees. High stock price is subject to various factors like financial performance of the company, share split, future plans, investors’ confidence and many more. In this article, IPO Central takes a look at the top 10 most expensive stocks in India across industries.

1. MRF (INR83,130.30) – Most Expensive Share in India 

MRF-Most Expensive Stock In India
  • Market Capitalisation: INR35,257 crore
  • Sector: Tyres Rubber products
  • MRF is a leading manufacturer of automotive tires, tubes and flaps with an estimated market share of 28%. The company also manufactures rubber products, such as tread rubber and conveyor belts. It began as a toy manufacturer in the late 1940s and produced its first tyre in 1961. 
  • It is the most expensive share in India in price terms, trading at INR83,130.30 as on 12 August with a PE ratio of 52.68 against an industry PE ratio of 46.90. It is the highest-ever priced stock in India. 
  • One of the reasons MRF has such a high share price is that its shares are never split and continue to have a face value of INR10. 
  • MRF has offered trailing five-year returns of 30.5%.
  • The range of MRF share price (52 week low – 52 week high) is INR63,000 and INR89,499. 

2. Page Industries (INR49,137.35) 

Page Industries- Costliest share in textile industry
  • Market Capitalisation: INR54,666 crore 
  • Sector: Textile 
  • Page Industries Limited is engaged in the business of textile and is the manufacturer and distributor of marquee brand Jockey in India, Sri Lanka, and the UAE. The company’s annual revenue growth of 36.99% outperformed its 3-year CAGR of 10.48% for the year 2022. 
  • It is the highest price stock in India among textile players, currently trading at INR49,137.35 as on 12 August at a PE ratio of 74.62 against an industry PE ratio of 48.91. 
  • It has proven to be a multi-bagger stock, with absolute returns of 187% in the last five years. 
  • The range of Page Industries’ share price (52 week low – 52 week high) is INR29,950 and INR50,350. 

Read Also: Top Undervalued Textile Stocks in India

3. Honeywell Automation (INR 39880) 

Honeywell- Costliest share in India
  • Market Capitalisation: INR 35883 Cr 
  • Sector: Consumer Durables – Electronics 
  • Honeywell Automation India Ltd is a subsidiary of the Honeywell Group in the United States and is engaged in the manufacture of electronic systems and components; repair and maintenance, trading of machinery, and types of equipment and supplies. Over the last 5 years, Honeywell Automation’s revenue has grown at a yearly rate of 4.36%, vs industry average of 8.99%, However Company witnessed QoQ revenue growth of 17.62%, which is highest in the last 3 years 
  • It is currently trading at INR 39880 as on 12 August with a PE ratio of 103.99 against an industry PE ratio of 25.32. 
  • Over the last five years, it has offered a return of 207%. 
  • The range of Honeywell Automation share price (52 week low – 52 week high) is INR 30185 and INR 47275.95. 

4. 3M India (INR 22490) 

  • Market Capitalisation: INR 25602 Cr 
  • Sector: Diversified 
  • 3M India was founded in 1987 in India, with the US-based 3M company holding 75% of the equity. 3M India Limited is a technology company which works across various segments like industrial, packaging, healthcare, safety and graphics and consumer. Some of its famous products are Scotch Brite, Scotch Tapes and other lubricants. Over the last 5 years its market share increased from 61.31% to 72.55% 
  • It is one of the most expensive stocks in India in the diversified sector as currently trading at INR 22490 as on 12 Aug with a PE ratio of 93.07 against an industry PE ratio of 49.99.  
  • It has given a return of 63.4% over the last five years. 
  • The range of 3M India share price (52 week low – 52 week high) is INR 17273 and INR 27800. 

5. Shree Cements (INR 21,147) 

  • Market Capitalisation: INR 76466 Cr 
  • Sector: Cement & Construction material 
  • Shree Cements with headquarters in Kolkata is India’s Top three cement producers and among the fastest growing, with an installed capacity of 43.4 million Tonnes Per Annum in India and 47.4 including overseas. It also produces and sells power under the name Shree Power and Shree Mega Power. Over the last 5 years its market share increased from 5.27% to 6.06%
  • It is the highest price stock in India among cement players, trading at INR 21147 as on 12 Aug with a PE ratio of 32.73 against an industry PE ratio of 13.28 
  • It has given a return of 21.9% over the last five years. 
  • The range of Shree Cements share price (52 week low – 52 week high) is INR 17865.20 and INR 31469.95 

6. Nestle India ltd (INR 19540) 

  • Market Capitalisation: INR 189742 Cr 
  • Sector: Consumer Food (FMCG) 
  • Nestle India Ltd is a market leader with more than 45% of its share across categories in FMCG. It manages brands like NESCAFE, MAGGI, KitKat, BarOne, Alpino, Munch, Eclairs and POLO.  
  • Nestle India ltd is also among the costliest shares in India in the FMCG sector as currently trading at INR 19540 as on 12 Aug with a PE ratio of 87.85 against an industry PE ratio of 46.77.  
  • It has given a return of 193.7% over the last five years. 
  • The range of Nestle India ltd share price (52 week low – 52 week high) is INR 16000 and INR 20599.95 

7. Abbott India (INR 18870) 

  • Market Capitalisation: INR 40198 Cr 
  • Sector: Pharmaceuticals   
  • Abbott India is a pioneer in diagnostics, medical devices, nutritional supplements, and branded generic pharmaceuticals. Over the last 5 years, its revenue has grown at a yearly rate of 11.04%, vs industry avg of 8.73% and market share increased from 1.75% to 1.96%. 
  • Abbott India is among the most expensive stocks in India in the pharmaceutical sector as currently trading at INR 18870 as on 12 Aug with a PE ratio of 50 against an industry PE ratio of 38.16.
  • It has given a return of 342% over the last five years. 
  • The range of Abbott India share price (52 week low – 52 week high) is INR 15415.83 and INR 23782.99 

8. Bosch (INR 17269) – Most Expensive share in India Among Auto Ancillaries 

  • Market Capitalisation: INR 51401 Cr 
  • Sector: Auto Ancillaries 
  • It is a subsidiary of the German multinational corporation Robert Bosch (or simply Bosch), which is headquartered in Germany and operates in the Auto Ancillary industry.
  • Bosch is currently trading at INR 17269 as on 12 Aug with a PE ratio of 41.79 against an industry PE ratio of 136 and is the highest price stock in India in Auto Ancillary industry.
  • It has given a return of -21.6% over the last five years. 
  • The range of Bosch share price (52 week low – 52 week high) is INR 12853.51 and INR 19132.5 

9. Bajaj Finserv (INR 15763) 

  • Market Capitalisation: INR 250436 Cr 
  • Sector: Finance -Investment 
  • It operates in the financial services, insurance, and wealth management sectors. It serves customers through consumer lending, small and medium enterprise (SME) lending, mortgages, loan against securities and commercial lending.  
  • In the finance & investment industry, Bajaj Finserv is the most expensive share in India, currently trading at INR 15763 as on 12 Aug with a PE ratio of 55.06 against an industry PE ratio of 20.91. 
  • It has given a return of 196.9% over the last five years. 
  • The range of Bajaj Finserv’s share price (52 week low – 52 week high) is INR 10727.20 and INR 19325. 

10. Proctor & Gamble Hygiene (INR 14765) 

  • Market Capitalisation: INR 47956 Cr 
  • Sector: Personal Care 
  • Proctor & Gamble Hygiene is engaged in the manufacturing and selling of fast-moving branded consumer goods in the feminine care and healthcare industry. The healthcare product segment includes creams, ointments and hygiene products like sanitary napkins and deodorants.
  • P&G Hygiene is currently trading at INR 14765 as on 12 Aug with a PE ratio of 73.58 against an industry PE ratio of 46.77.  
  • It has given a return of 79.4% over the last five years. 
  • The range of Proctor & Gamble Hygiene share price (52 week low – 52 week high) is INR 12342.2 and INR 16466.40 which makes it one of the costliest shares in India. 

More Entries in Costliest Shares in India  

Sr No. Company Name Industry Market Cap (INR Crore) Current Share Price (INR) 5-year Returns (%)
MRF Ltd.  Tyres 35,257 83,112.330.5
Page Industries Ltd.  Textile  54,666 49,162.35187.0
Honeywell Automation India Ltd.  Consumer Durables – Electronics  35,883 39,880207.0
3M India Ltd.  Diversified  35,883 22,49063.4
Shree Cement Ltd.  Cement & Construction Materials  76,466 21,14721.9
Nestle India Ltd.  Consumer Food  189,742 19,540193.7
Abbott India  Pharmaceuticals & Drugs  40,198 18,870342.0
Bosch  Auto Ancillary  51,401 17,269-21.6
Bajaj FinServ   Finance – Investment  250,436 15,763 196.9
10 Proctor & Gamble Hygiene   FMCG  47,956 14,76579.4
11 Yamuna Syndicate Ltd Trading 363 13,928 520.5
12 Bombay oxygen Invetsments Finance -Investment 186 12,426 108.3
13 Tasty Bite Eatables Consumer Food 3,160 12,472120.2
14 Kama Holdings Finance- investment 6,932 12,030337.4
15 Polson Chemicals 132 10,965.95 -36.7
Source: Google Finance, Groww

Patterns in Costliest Shares in India 

This is all about the most expensive stocks in India and there are some clearly visible patterns. Most of the companies in this list have high PE ratios. Although none have absolute monopoly (100% market share), most have a strong presence in their operating segments. As many as six out of the 15 companies are subsidiaries of MNCs. It is also worth noting that most of the highest price stock in India have performed well, despite the high prices.

Nevertheless, just being among the costliest shares in India is hardly a qualification for a good investment. Furthermore, the share price has little relationship with the valuation of the company. A stock with a share price of INR20,000 can be undervalued and a company with a share price of INR200 can be overvalued. The company’s valuation is determined by several factors, including the PE ratio, discounted cash flow, and a combination of other financial ratios. 

Happy Investing! 

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