Over the past 5 years, the Indian stock market has seen quite significant growth and volatility, with some companies outperforming others.
As an investor, it’s essential to know which stocks have given significant growth historically, there are stocks that doubled or even tripled their value during this time. These stocks have historically proven to be excellent investment opportunities for those willing to take the risk.
We’ll explore some of the key factors that contributed to their growth and why they are worth considering for your investment portfolio.
The future is always uncertain, however, knowing which stocks have performed well in the past can help you make informed decisions about your investments in the future.
So, let’s have a look into the top 10 Indian stocks that have doubled investors’ money in the last 5 years.
10 Indian Stocks Which Doubled Investor’s Money in 5 Years
1. Tata Consultancy Services
Tata Consultancy Services (TCS) is one of the top Indian stocks that has doubled investors’ money in the past 5 years. TCS is a leading company that provides global IT services, consulting, and business solutions. They provide a wide range of services to clients in various industries around the world.
One of the key factors for the growth of TCS is its ability to adapt to changing market dynamics and technological updations. Furthermore, the company has invested heavily in research and development, which in turn enables them to stay ahead of the competition and provide cutting-edge solutions to their clients.
The combined results of these factors have helped TCS to expand its global footprint and increase its market share. Which eventually led the company to show strong financial performance.
Revenue of TCS has grown at a CAGR of 9.5% over the past 5 years, and its net profit has grown at a CAGR of 10.6%. The company has a strong balance sheet, with a debt-to-equity ratio of just 0.01, indicating low financial risk.
Additionally, Being a subsidiary company of Tata Group TCS has a reputation for good corporate governance, which has helped it to attract long-term investors. And historically the company has consistently paid dividends to its shareholders and has maintained a healthy dividend yield of around 2%.
Overall, TCS’s ability to adapt to changing market conditions, flexibility to invest in research and development, and maintain good corporate governance has made it one of the top Indian stocks that have doubled investors’ money in the past 5 years.
2. HDFC Bank
HDFC Bank is one of the leading financial institutions which has doubled investors’ money in the past 5 years. It is one of the largest private sector banks in India, they offer a wide range of products and services, including retail banking, corporate banking, and treasury operations.
HDFC Is at the forefront of adopting cutting-edge technology in its operations, which enables them to offer innovative products and services to its customers, eventually enabling them to deliver strong financial performance and maintain a strong position in the market.
It has a robust digital banking platform and they have invested heavily in technology to enhance the user experience of the customers.
HDFC banks lead by a strong capable management team and it has gained the trust of investors over the years since they have delivered consistent returns to their shareholders.
Taking all these factors into consideration HDFC is one of the top Indian stocks that have doubled investors’ money in the past 5 years.
3. Bajaj Finance
Bajaj Finance has a strong presence in the Indian financial sector, offering various consumer and commercial lending products. The company has shown remarkable financial growth, with consistent revenue and profit growth over the past few years.
The growth of the company is fueled by its focus on customer-centricity, offering a wide range of lending products to both retail and commercial customers. Their ability to come up with innovative financial products and their wide distribution networks have helped them to maintain a strong market position.
Bajaj Finance has a strong management team, which has played a significant role in the growth and success of the company. The company has also gained investor confidence due to its strong financial performance and market position.
Growth contributing factors like strong financial growth, customer-centric approach, stronghold market position, experienced management team, and confidence of the investors in the company have fueled its success.
Owing to all these factors made Bajaj Finance one of the top Indian stocks that have doubled investors’ money in the past 5 years.
4. Infosys
Infosys is a leading global provider of IT consulting and outsourcing services. Since its inception, Infosys has consistently delivered strong financial results with steady growth in revenue, and healthy profit margins.
Furthermore, their strong market position, and brand recognition, have enabled them to win new clients and expand their business globally.
Overall, Infosys’ stable financial performance, market position, focus on cutting-edge innovation and digital transformation, responsible management, and confidence in investors have contributed to the company’s success, making them rank one among the top Indian stocks that have doubled investors’ money in the past 5 years.
5. Kotak Mahindra Bank
Kotak Mahindra Bank is one of the top Indian stocks that has doubled investors’ money in the past 5 years. The bank has shown remarkable financial growth, with consistent revenue and profit growth over the past few years.
Kotak Mahindra Bank introduced innovative product and have a strong distribution network that helped it maintain a strong market position. The bank has been at the forefront of adopting technology in its operations, enabling it to offer innovative products and services to its customers.
Kotak Mahindra Bank has a strong and experienced management team, which has played a significant role in the bank’s success. The management team’s strategic vision and prudent risk management policies have helped the bank maintain a strong financial position.
Overall, these factors have contributed to the success of Kotak Mahindra Bank as one of the top Indian stocks that have doubled investors’ money in the past 5 years.
6. Hindustan Unilever
Hindustan Unilever Limited (HUL) is one of India’s largest consumer goods companies. Also, it is indeed among the top Indian stocks that have doubled investors’ money in the past 5 years.
One of the key factors contributing to HUL’s growth is its strong market presence and brand equity. The company has built a solid reputation over the years by consistently delivering high-quality products that cater to the diverse needs of Indian consumers.
Another factor driving HUL’s success is its robust distribution network. The company has an extensive reach, covering both urban and rural markets, which enabled the company to effectively distribute its products across the country. Furthermore, HUL’s innovation-driven approach has helped it tap into emerging trends.
Financially, HUL has delivered strong performance over the past 5 years. The company has witnessed consistent revenue growth, with a CAGR of around 8.5%, and its net profit has grown at a CAGR of approximately 14%. HUL’s efficient cost management and pricing strategies have also contributed to its profitability.
All these factors have helped HUL to be positioned as one of the top Indian stocks that have doubled investors’ money in the past 5 years.
7. Reliance Industries
Reliance Industries Limited (RIL) is a diversified conglomerate with businesses in various sectors such as energy, petrochemicals, telecommunications, retail, and digital services. It is undoubtedly one of the top Indian stocks that have doubled investors’ money in the past 5 years.
One of the key drivers of RIL’s remarkable growth is its visionary leadership under Mukesh Ambani. Ambani’s strategic focus on digital transformation, his ability to identify emerging opportunities, and the company’s entry into the telecommunications sector with Reliance Jio has positioned RIL as a leader in several industries.
RIL’s dominance in the petrochemical industry has also been a significant contributor to its success. The company has a robust manufacturing infrastructure and a wide product portfolio, allowing it to capture both domestic and international markets.
RIL’s foray into the retail sector with Reliance Retail has also been instrumental in its growth. The company has established a vast retail network across India, catering to various consumer needs.
Financially, RIL has exhibited exceptional performance over the past 5 years. The company has witnessed robust revenue growth, with a CAGR of approximately 16%, while its net profit has grown at a CAGR of around 23%.
All these factors have positioned RIL as one of the top Indian stocks that have doubled investors’ money in the past 5 years.
8. ICICI Bank
ICICI Bank is one of India’s leading private-sector banks, that offers a wide range of financial services to individuals, businesses, and corporates. One of the key factors contributing to the growth of ICICI Bank is its strong market position and extensive customer base.
ICICI Bank effectively serves both urban and rural markets, this has helped them to capture a significant share of the banking industry and attract a large customer base.
Another driver of ICICI Bank’s success is its focus on digital innovation and technology-driven banking solutions.
ICICI Bank’s strong asset quality and prudent risk management practices have also contributed to its growth. The bank has maintained a healthy loan portfolio and implemented strict credit risk assessment processes.
Financially, ICICI Bank has delivered strong performance over the past 5 years. The bank has witnessed consistent growth in its operating income, with a CAGR of around 12%, and its net profit has grown at a CAGR of approximately 18%.
In conclusion, ICICI Bank’s strong market position, focus on digital innovation, prudent risk management practices, and robust financial performance have enabled them to be among the top Indian stocks that have doubled investors’ money in the past 5 years.
9. Asian Paints
Asian Paints is one of the leading paint companies in India, they hold a significant portion of the Indian paint market. The company is known for its wide range of decorative and industrial paints, as well as its strong brand presence.
One of the primary factors contributing to Asian Paints’ growth is its market leadership and dominant market share.
Asian Paints’ focus on innovation and product development has been instrumental in its success. The company continually introduces new paint formulations, finishes, and colors to meet evolving consumer preferences and industry trends.
Asian Paints has also capitalized on the growing real estate and construction industry in India. The increasing demand for residential and commercial properties has driven the need for paints and coatings, benefiting Asian Paints’ business.
Additionally, Asian Paints’ international expansion efforts have been fruitful, enabling the company to diversify its revenue streams.
Financially, Asian Paints has delivered impressive results over the past 5 years. The company has witnessed consistent revenue growth, with a compound annual growth rate (CAGR) of around 11%, and its net profit has grown at a CAGR of approximately 14%.
In conclusion, Asian Paints’ market leadership, focus on innovation, strong distribution network, robust financial performance, exposure to the real estate sector, and successful international expansion have positioned it as one of the top Indian stocks that have doubled investors’ money in the past 5 years.
10. Maruti Suzuki India
Maruti Suzuki is the largest automobile manufacturer in India, known for its wide range of popular car models and its dominant market position. One of the key factors contributing to Maruti Suzuki’s growth is its strong brand value and customer trust.
The company is known for its reliable, fuel-efficient, and affordable vehicles. Maruti Suzuki’s extensive product portfolio caters to diverse consumer segments and has consistently resonated with Indian car buyers.
Maruti Suzuki has a vast dealership and service network across India. This ensures easy access to its vehicles and provides a seamless ownership experience for customers.
Furthermore, the focus on innovation and continuous product development of the company has also played a significant role in its growth.
Financially, Maruti Suzuki has delivered impressive performance over the past 5 years. The company has witnessed consistent revenue growth, with a compound annual growth rate (CAGR) of around 10%, and its net profit has grown at a CAGR of approximately 15%.
In conclusion, Maruti Suzuki’s strong brand value, market leadership, wide distribution network, focus on innovation, robust financial performance, and cost competitiveness have positioned it as one of the top Indian stocks that have doubled investors’ money in the past 5 years.
So, these are the top 10 Indian stocks that doubled money in 5 years. These companies have historically demonstrated their ability to navigate market challenges, capitalize on favorable industry trends, and deliver significant returns for their shareholders.
However, it is important for investors to conduct thorough research, evaluate risk factors, and diversify their portfolios before making investment decisions.
Past performance should not be considered a guarantee of future returns, and market conditions can be subject to volatility.