Hey there, readers! In this article, we’re diving into some cool stuff about the top 20 highest share prices in India. Recently, the share price of MRF Ltd hit a record high on August 4, 2023, at a whopping 1,11,997.00 INR. That’s seriously huge in the world of Indian shares. What’s even more mind-blowing is that no other stock even comes close to the 50,000 INR mark in the present day. But MRF Ltd is standing tall and proud as the champ with the Highest Share Price in India.
Imagine this: back in the 1990s, when the share price of this company was just around Rs 11, some investors believed in it. And guess what? They’re still holding on strong! Now, we’ve got a bunch of companies with share prices in the five-figure range. And in this blog, we’re gonna spill the beans on some cool insights about the top 20 highest share prices in India.
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Contents at a glance
In this blog, the factors we are going to consider are: share price value, market capitalization, industry representation, and the overview of each company’s industry and core business. Through this blog, we will talk about the following questions:
What are the key reasons contributing to their high share prices?
The relationship between share price and market capitalization?
What are the risks associated with investing in companies solely based on high share prices?
Top 20 Highest Share Prices in India
Note: The data recorded in the blog is based on the date the blog is published (09/08/2023). This is a live chart and the rank of the stocks may change in the coming years due to market volatility.
Some Key terms
Before we proceed further, let us get familiar with certain terms we are going to use frequently in the article.
Share Price: The monetary value associated with a single unit of ownership, known as a share, in a company’s stock is called share price. It is the indicator of the current market valuation of that specific share and serves as an indicator of the perceived worth of the company as a whole. The formula to calculate a company’s share price is:
Share Price = Market Capitalization / Total Number of Shares, Where:
Market Capitalization is the total value of all outstanding shares of a company in the market. It is calculated by multiplying the current share price by the total number of outstanding shares. Mathematically, it can be expressed as:
Market Cap = Share Price × Total Number of Outstanding Shares
Total Number of Shares refers to the total number of shares that have been issued by the company and are available for trading in the market.
By dividing the market capitalization by the total number of shares, you get the individual share price, which reflects the cost of owning one share of the company’s stock.
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What is The relationship between share price and market capitalization?
The relationship between share price and market capitalization is:
As the share price increases, the company’s market capitalization also increases proportionally, assuming the total number of outstanding shares remains constant. A higher share price means each share is valued higher, contributing to a larger market cap.
Conversely, if the share price decreases, the company’s market capitalization also decreases. A lower share price results in a reduced valuation of the company.
It is very important to note that:
A high share price doesn’t guarantee a large market cap if the total number of outstanding shares is limited.
Similarly, a low share price doesn’t necessarily indicate a small market cap if there is a generous number of outstanding shares.
Also read: “Fundamental Analysis Of HDFC Bank: Unlocking Insights”
Facts & Figures: Top 20 Highest Share Prices in India
We are all set to start our topic today. We will talk about the first 10 companies. Let’s begin with our first company.
MRF Ltd| Current Price: ₹ 1,06,555
MRF is a name that 90s kids grew up hearing. Madras Rubber Factory Limited (MRF), is a lot like the seam on a cricket ball or the tread on your car’s tyres – it’s part of our everyday stories. It’s pretty cool how MRF connects with both cricket and our regular lives. Think about Sachin Tendulkar’s famous “MRF Blazer” or how MRF tyres handle rainy roads. MRF quietly supports both our sports dreams and everyday journeys.
In the present day, it is the only stock in the entire Indian stock market that has crossed the 1 lakh INR mark, registering a 52-week high of 1,11,997.00. It’s no small thing. So what are the factors that have contributed to this landmark achievement?
These are some of the key reasons that have contributed to the high share prices of MRF Ltd. Strong Brand and Reputation, Market Leadership, Consistent Financial Performance, Innovation and Research, Expanding Market Presence, Dividend Payouts, Longevity and Stability and Share Buybacks and Capital Management. Also, by refraining from splitting or issuing bonus shares, MRF Ltd has kept its outstanding share count relatively low. This scarcity can drive increased demand and potentially elevate the share price.
MRF is engaged in the business of manufacturing tyres and Sports goods, Paints & Coats and Pretreads. It is the largest company in the Indian tyre industry with a market share of 29% in FY21. The company has a Market Cap of ₹ 45,241 Cr. A stock P/E of 37 is higher than its sector PE ratio of 35.8. Stock gave a 3-year return of 71.66% as compared to Nifty 100 which gave a return of 71.83%. Let’s move to the stock which is 2nd in the list.
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Honeywell Automation India Ltd| Current Price: ₹ 42,230
The company is engaged primarily in the business of Automation & Control systems on a turnkey basis and others. It has the privilege to access a few of the latest products and technologies of its ultimate holding company Honeywell International Inc. for launching in Indian markets.
On 16-Aug-2022, the stock registered its 52-week high reaching a milestone of ₹ 44,347.15. The stock maintains a Market Cap of ₹ 37,239 Cr. Stock gave a 3-year return of 35.92% as compared to Nifty 100 which gave a return of 71.83%. The company’s annual revenue growth of 17.99% outperformed its 3-year CAGR of 1.8%. A stock P/E of 85.0 which is higher than its sector PE ratio of 81.6 is justifiable or not? Let’s check.
The company enjoys the following privileges- Limited Competition, Earnings Consistency, Market Leadership, Acquisitions and Expansion, high demand and growth prospects. Also, a lower dividend yield relative to the stock price can result in a higher P/E ratio, as investors are willing to pay more for future earnings growth. Thus, we can say that the P/E is justifiable as a high P/E ratio doesn’t necessarily mean a stock is overvalued. It can reflect optimism about future growth prospects.
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Page Industries Ltd| Current Price: ₹ 39,646
The third spot in the list of Top 20 Highest Share Prices in India is occupied by Page Industries. Page Industries Limited is the exclusive licensee of JOCKEY International Inc. for manufacturing, distribution and marketing of the JOCKEY® brand in India, Sri Lanka, Bangladesh, Nepal and the UAE. The company sells its products under two brands Jockey and Speedo. It has a PAN India presence with 11 lakh+ Retail Networks, 1,131+ Exclusive Business Outlets (EBOs) and 2,800+ Large Format Stores (LFS) & E-Commerce.
On 21-Oct-2022, the stock reached a remarkable height registering its 52-week high of ₹ 54,349.10. With a Market Cap of ₹ 44,205 Cr, the Stock gave a 3-year return of 106.13% as compared to the Nifty 100 which gave a return of 71.83%. The company’s annual revenue growth of 22.93% outperformed its 3-year CAGR of 17.19%.
The stock maintains a high P/E of 77.4 which is lower than its sector PE ratio of 78.1. It means that currently, investors are willing to pay 77.4 times earnings for each share of PAGE INDUSTRIES. The current year dividend for Page Industries is Rs 250 and the yield is 0.64 %.
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3M India Ltd| Current Price: ₹ 27,196
3M India Ltd is the 4th stock in the list of Top 20 Highest Share Prices in India. It is a subsidiary of 3M Company, USA. It operates through the following segments; Safety and Industrial; Transportation and Electronics; Health Care; and Consumer. Incorporated as a Mining company, now 3M is one of the world’s leading conglomerates with a presence in 70+ countries. Birla 3M India was incorporated in 1986 as a Joint venture between the 3M group and the Birla group. The company was changed to 3M India in 2002.
14 Jul 2023 was the day when the company hit its all-time 52-week high of 29,190.00. The Market Cap of 3M India is ₹ 30,743 Cr. The company delivered an ROE of 26.88% in the year ending 31 March 2023 outperforming its 5-year avg. of 17.57%. The annual revenue growth of 19.4% outperformed its 3-year CAGR of 9.82%.
A Stock P/E of 68.2 is higher than its sector PE ratio of 61.1 which could indicate that investors anticipate strong future growth in earnings. The current year dividend for 3M India is Rs 950 and the yield is 3.44 %.
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Shree Cement Ltd| Current Price: ₹ 24,044
The fifth stock in the list of the top 20 highest share prices in India is Shree Cement Ltd. It is one of the least expensive manufacturers in the country and manufactures and sells cement and products linked to cement. With an installed capacity of 46.4 MTPA, it is the third-largest cement production in India.
The company’s brand names include Shree Ultra, Bangur, and Rock Strong. The firm’s products include Ordinary Portland Cement, Portland Pozzolona Cement, Portland Slag Cement, and Composite Cement.
The stock recorded its 52-week high on 21-Feb-2023, achieving a significant accomplishment of ₹27,049.00. The Market capitalization of Shree Cement stands at 875.182B INR. Stock gave a 3-year return of 10.77% as compared to Nifty 100 which gave a return of 71.83%. The company’s annual revenue growth of 17.72% outperformed its 3-year CAGR of 11.57%.
Stock P/E of 54.4 is higher than its sector PE ratio of 46.1. The current year dividend for Shree Cement is Rs 100 and the yield is 0.41 %.
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Abbott India Ltd| Current Price: ₹ 23,715
The company has a robust distribution network of 8,600+ Stockists and 60 Lakh+ Retailers. The corporation belongs to Abbott Laboratories. The organisation has been around for more than 130 years and is present in 160+ different nations. In addition to women’s health, gastroenterology, the central nervous system (CNS), metabolic, multi-speciality (pain management, insomnia, nutritional supplements, and vitamins), vaccinations, consumer health, etc., the product portfolio includes approximately 125 merchandise across several therapeutic areas. 10 new items in various therapeutic areas were launched by the company in FY22.
On 03-Aug-2023, a new milestone was achieved by the company when it hit its 52-week high of ₹ 24,657.70. With a Market Cap of ₹ 50,394 Cr, the Annual Revenue rose 10.1%, in the last year to Rs 5,502.9 Crores. In the previous fiscal, the Annual Net Profit rose 18.9% to Rs 949.4 Crores.
A Stock P/E of 53.1 is higher than its sector PE ratio of 39.9 and also its close peers. In Abbott India, the EPS growth was 18.87 % which is good for the company.
Nestle India Ltd| Current Price₹ 22,232
India’s leading FMCG Player The Co. has an established market position in most product categories it has a presence in. Nestle India is a subsidiary of Nestle S A holds a 62% stake in a Switzerland-based company that is the world’s largest food company based on Revenue. As of September 2020, Nestle’s revenue is made up of 47% milk and nutrition products (dairy goods and weaning foods), 10% beverages (instant coffee, iced tea and other beverage vending mixes), 30% prepared foods and cooking aids (the Maggi line) and 13% chocolates and confectionery (including Kit Kat and Munch).
The stock recorded its 52-week high of 23,395.35 on 17-Jul-2023 which is a milestone for the company. The current Market capitalization stands at ₹ 2,14,520 Cr. The company’s annual revenue growth of 14.62% outperformed its 3-year CAGR of 10.34%. The price-to-earnings ratio is 78.5, higher than its sector PE ratio of 64.6.
Nestle India has a Price to Earning Ratio is 78.5 which is higher than its sector PE ratio of 64.6. The current year dividend for Nestle is Rs 220 and the yield is 0.99 %.
Bosch Ltd| Current Price: ₹ 18,271
Next on the list of the top 20 highest share prices in India is Bosch Ltd. The company owns 7 manufacturing facilities across 35 locations in India. It made capital investments of Rs. 3,023 million during FY22. The majority of this amount was spent on plant and machinery and construction of the BOSCH Learning Centre. It manufactures and trades in products such as diesel and gasoline fuel injection systems, automotive aftermarket products, industrial equipment, electrical power tools, security systems and industrial and consumer energy products and solutions.
The stock reached its 52-week high on 07-Jul-2023 registering a remarkable achievement of ₹ 19,990.00. With a Market Cap of ₹ 54,041 Cr, the company’s annual revenue growth of 26.48% outperformed its 3-year CAGR of 13.88%. The company had no debt for the last 5 years.
The current PE of Bosch is 35.92 compared to the 5-year average PE of 47.49. It is higher than its sector PE ratio of 35.8 but less than the P/E of its peers. It pays a dividend of 480 Rs per share. The dividend yield is low at 2.65 %.
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Yamuna Syndicate Ltd| Current Price: ₹ 17,475
The company holds a 45% stake in IHEL, the ISGEC Group’s flagship company. For industrial and consumer electrical goods (home appliances, energy-efficient fans, lights, switches, wiring, etc.), the firm has two retail locations. The business is a licenced retailer for Havells India Limited, Versa Drives Private Ltd., Crompton Greaves Ltd., and Larsen & Toubro Ltd. Out of the total 62.43% promoter ownership of ISGEC Heavy Engineering Limited (IHEL), the corporation owns 45% of IHEL.
The stock reached its 52 Week High registering a new milestone of ₹ 17,482. The current market cap of the company is ₹ 537 Cr. Annual Revenue rose 9.2%, in the last year to Rs 69.7 Crores and the annual Net Profit rose 66.4% in the last year to Rs 90.7 Crores.
A Stock P/E of 5.93 is lower than its sector PE ratio of 86.2 indicating the stock is undervalued and thus making the stock attractive. The current year dividend for The Yamuna Syndicate is Rs 325 and the yield is 2.05 %.
Procter & Gamble Hygiene and Health Care Ltd| Current :Price₹ 15,542
The last stock in today’s discussion of the top 20 highest share prices in India is Procter & Gamble Hygiene and Health Care Ltd. Its portfolio includes WHISPER – India’s leading Feminine Hygiene brand, and VICKS – India’s No. 1 Health Care brand and Old Spice. The company is carrying out its manufacturing activities from its plant located at Goa & Baddi in Himachal Pradesh. The breakdown of revenue by product category is as follows: Ointments account for 18.9% of the total, followed by cough drops at 10.7%, tablets at 2.2%, and other hygiene products making up the largest portion with 68.2%.
The stock registered its 52-week high on 31-Jul-2023 of 16,100.00 which is a milestone. With a Market Cap of ₹ 50,314 Cr, the company has sufficient cash reserves to pay off its contingent liabilities. The Annual Net Profit fell 11.7% in the last year to Rs 575.8 Crores.
A Stock P/E of 88.4 is higher than its sector PE ratio of 64.6. It is also higher than its peer groups. The current year dividend for P&G Hygiene is Rs 160 and the yield is 1.02 %.
top 20 highest share prices in india: risks associated
Putting all your investment eggs in the high share price basket comes with its share of risks. Sure, those big numbers can catch your eye, but there’s more to the story. Sometimes, those high prices are just a result of market buzz, not necessarily a sign of a rock-solid company. Additionally, you can find yourself paying more for every dollar of profit. Remember that firms with lower share prices might still be undiscovered treasures if they have high-profit potential. Consider the company’s general health, its growth potential, and the state of the market before investing.
Bottom Line: top 20 highest share prices in India
I bet this blog is pretty long, and packed with good stuff. These shares are the priciest ones in India’s stock market. These companies have a big history and have seen many ups and downs to get here. But, you know, just having high share prices doesn’t cover the whole deal in investing. Make sure a firm is worth your time and effort before making any decisions.
Disclaimer
The blog is meant for informational purposes and serves the general analysis of the stocks. The contents provided here are based on careful research and analysis utilizing the fundamental and technical indicators over a while. The post does not consist of any direct recommendation about Investing or trading in the securities market. Thorough research and careful consideration are necessary for individuals to fulfil their responsibility in making financial decisions. Seeking professional advice before making any financial decisions is always advisable.
