High ROCE stocks — return on capital employed above 20%

Companies with return on capital employed above 20% in the latest financial year and market cap above ₹500 Cr. Banks are excluded because ROCE does not apply to them.

Prices as of 5 Nov 2026 333 companies qualify 2,655 companies screened

The rule, exactly as applied

ROCE ≥ 20%Profitable (TTM)Market Cap ≥ ₹500 Cr

Excludes results distorted by one-offs or thin equity (negative book value, P/E below 3, trailing profit above half of sales, ROE above 150%) and listed InvITs/REITs, whose payouts are not comparable with a company's dividends.

Every ratio is the same number the company's own fundamentals page shows. Click any company to see the quarterly results, balance sheet and peers behind it.

#	Company	Sector	Market Cap	Price	ROCE	ROE	OPM	Debt/Equity	P/E
1	Procter & Gamble Hygiene and Health Care LimitedPGHH · Jun 2026	FMCG	₹22,815 Cr	₹7,028.50	157.0%	104.9%	25.3%	0.00	28.87
2	Colgate Palmolive (India) LimitedCOLPAL · Sep 2026	FMCG	₹45,911 Cr	₹1,688.00	108.0%	84.2%	29.9%	0.03	33.72
3	Gillette India LimitedGILLETTE · Jun 2026	FMCG	₹24,175 Cr	₹7,419.00	91.0%	70.6%	30.3%	0.00	36.17
4	Nestle India LimitedNESTLEIND · Sep 2026	FMCG	₹242,640 Cr	₹1,258.30	85.0%	70.6%	23.9%	0.08	59.50
5	Procter & Gamble Health LimitedPGHL · Sep 2026	Pharma	₹9,304 Cr	₹5,605.00	84.0%	57.8%	33.4%	0.01	24.44
6	GE Vernova T&D India LimitedGVT&D · Sep 2026	Electric Equipment	₹106,131 Cr	₹4,145.00	76.0%	43.6%	26.5%	0.01	73.84
7	Hindustan Zinc LimitedHINDZINC · Sep 2026	Metal	₹241,160 Cr	₹570.75	70.0%	92.1%	58.2%	0.39	11.58
8	Esab India LimitedESABINDIA · Sep 2026	Electrodes - Welding Equipment	₹7,874 Cr	₹5,115.50	65.0%	38.7%	17.7%	0.01	40.99
9	Page Industries LimitedPAGEIND · Jun 2026	Textiles - Products	₹39,619 Cr	₹35,520.00	64.0%	50.4%	21.5%	0.18	52.34
10	Jeena Sikho Lifecare LimitedJSLL · Jun 2026	Pharma	₹4,292 Cr	₹345.25	64.0%	50.7%	42.6%	0.27	18.14
11	Websol Energy System LimitedWEBELSOLAR · Sep 2026	Electric Equipment	₹3,126 Cr	₹72.00	63.0%	44.7%	36.3%	0.02	9.00
12	Tata Consultancy Services LimitedTCS · Sep 2026	IT	₹902,966 Cr	₹2,495.70	63.0%	43.6%	26.4%	0.10	17.41
13	GlaxoSmithKline Pharmaceuticals LimitedGLAXO · Sep 2026	Pharma	₹42,355 Cr	₹2,500.20	61.0%	61.0%	34.1%	0.02	36.94
14	Castrol India LimitedCASTROLIND · Sep 2026	Chemicals	₹19,210 Cr	₹194.21	60.0%	53.2%	22.0%	0.03	19.00
15	Swaraj Engines LimitedSWARAJENG · Sep 2026	Auto	₹4,332 Cr	₹3,565.40	59.0%	45.2%	13.4%	0.01	20.33
16	HBL Engineering LimitedHBLENGINE · Jun 2026	Auto	₹23,706 Cr	₹855.20	58.0%	35.2%	32.0%	0.03	30.36
17	Ingersoll Rand (India) LimitedINGERRAND · Jun 2026	Compressors / Drilling Equipment	₹12,606 Cr	₹3,993.40	57.0%	43.4%	24.0%	0.01	47.13
18	Britannia Industries LimitedBRITANNIA · Jun 2026	FMCG	₹119,960 Cr	₹4,980.30	56.0%	51.1%	18.4%	0.27	45.95
19	NINtec Systems LimitedNINSYS · Sep 2026	IT	₹1,820 Cr	₹979.85	55.0%	32.0%	27.2%	0.02	50.20
20	International Gemmological Institute (India) LimitedIGIL · Sep 2026	Diversified Commercial Services	₹17,587 Cr	₹406.95	54.0%	38.1%	64.6%	0.09	26.38
21	Accelya Solutions India LimitedACCELYA · Sep 2026	IT	₹1,434 Cr	₹960.95	54.0%	35.7%	32.1%	0.33	15.28
22	3M India Limited3MINDIA · Jun 2026	Diversified - Large	₹33,035 Cr	₹29,325.00	50.0%	32.6%	18.5%	0.10	57.25
23	Viviana Power Tech LimitedVIVIANA · Sep 2026	Infrastructure	₹725 Cr	₹716.05	49.0%	53.3%	13.5%	0.96	10.30
24	Kernex Microsystems (India) LimitedKERNEX · Jun 2026	Electronics - Components	₹2,941 Cr	₹1,750.30	48.0%	76.8%	34.0%	0.65	15.45
25	Marico LimitedMARICO · Sep 2026	FMCG	₹115,090 Cr	₹887.75	47.0%	43.9%	17.9%	0.26	55.38
26	Indian Railway Catering And Tourism Corporation LimitedIRCTC · Jun 2026	Travel Agencies	₹36,616 Cr	₹457.70	46.0%	32.3%	30.5%	0.02	26.31
27	Oracle Financial Services Software LimitedOFSS · Sep 2026	IT	₹88,409 Cr	₹10,150.00	45.0%	45.6%	51.6%	0.00	24.76
28	Abbott India LimitedABBOTINDIA · Jun 2026	Pharma	₹56,534 Cr	₹26,605.00	45.0%	33.8%	28.1%	0.04	35.00
29	Alpex Solar LimitedALPEXSOLAR · Jun 2026	Electric Equipment	₹1,727 Cr	₹675.95	44.0%	35.6%	14.1%	0.96	8.64
30	Garden Reach Shipbuilders & Engineers LimitedGRSE · Jun 2026	Defence	₹24,482 Cr	₹2,137.20	43.0%	30.5%	11.1%	0.01	30.57
31	Hindustan Copper LimitedHINDCOPPER · Jun 2026	Metal	₹41,326 Cr	₹427.35	42.0%	34.0%	47.5%	0.03	36.36
32	Garuda Construction and Engineering LimitedGARUDA · Sep 2026	Infrastructure	₹1,458 Cr	₹156.75	42.0%	27.9%	32.0%	0.10	9.76
33	Dixon Technologies (India) LimitedDIXON · Sep 2026	Consumer Durables	₹77,173 Cr	₹12,616.00	42.0%	29.7%	3.2%	0.21	44.17
34	Sahana System LimitedSAHANA · Mar 2026	IT	₹986 Cr	₹929.60	40.0%	29.6%	30.2%	0.07	13.20
35	Oriana Power LimitedORIANA · Mar 2026	Infrastructure	₹2,367 Cr	₹233.00	40.0%	33.0%	22.0%	0.67	9.41
36	National Aluminium Company LimitedNATIONALUM · Sep 2026	Metal	₹60,793 Cr	₹331.00	40.0%	28.7%	47.1%	0.00	8.50
37	Infosys LimitedINFY · Sep 2026	IT	₹472,841 Cr	₹1,167.40	40.0%	31.1%	22.5%	0.09	15.36
38	Glenmark Pharmaceuticals LimitedGLENMARK · Sep 2026	Pharma	₹70,043 Cr	₹2,481.80	40.0%	12.9%	20.7%	0.13	48.28
39	D. P. Abhushan LimitedDPABHUSHAN · Jun 2026	Consumer Durables	₹4,570 Cr	₹2,001.90	40.0%	37.9%	7.9%	0.46	19.06
40	Cummins India LimitedCUMMINSIND · Sep 2026	Auto	₹112,513 Cr	₹4,058.90	40.0%	27.1%	18.8%	0.00	49.97
41	Waaree Energies LimitedWAAREEENER · Sep 2026	Electric Equipment	₹70,454 Cr	₹2,449.30	39.0%	24.2%	19.9%	0.33	18.17
42	Motherson Sumi Wiring India LimitedMSUMI · Sep 2026	Auto	₹26,149 Cr	₹39.43	39.0%	32.0%	8.5%	0.14	38.19
43	MPS LimitedMPSLTD · Sep 2026	IT	₹3,882 Cr	₹2,287.00	39.0%	26.3%	33.4%	0.03	20.98
44	K.P. Energy LimitedKPEL · Jun 2026	Infrastructure	₹1,150 Cr	₹169.57	39.0%	34.7%	18.5%	0.84	6.31
45	ITC LimitedITC · Sep 2026	FMCG	₹349,452 Cr	₹278.85	39.0%	26.9%	31.0%	0.01	18.18
46	Prizor Viztech LimitedPRIZOR · Sep 2026	Consumer Durables	₹1,410 Cr	₹1,318.55	38.0%	41.0%	23.1%	0.57	46.46
47	Netweb Technologies India LimitedNETWEB · Sep 2026	IT	₹23,919 Cr	₹4,023.50	38.0%	50.6%	13.8%	0.39	65.36
48	Indo Tech Transformers LimitedINDOTECH · Jun 2026	Electric Equipment	₹2,869 Cr	₹2,701.30	38.0%	26.6%	15.1%	0.01	28.87
49	Hyundai Motor India LimitedHYUNDAI · Sep 2026	Auto	₹172,340 Cr	₹2,121.00	38.0%	22.5%	10.1%	0.03	37.67
50	SRM Contractors LimitedSRM · Jun 2026	Infrastructure	₹867 Cr	₹377.75	37.0%	31.8%	17.2%	0.36	7.36
51	Solar Industries India LimitedSOLARINDS · Sep 2026	Chemicals	₹167,588 Cr	₹18,520.00	37.0%	37.3%	27.8%	0.24	71.64
52	R M Drip and Sprinklers Systems LimitedRMDRIP · Jun 2026	Plastics Products	₹786 Cr	₹18.35	37.0%	31.6%	25.4%	0.49	22.40
53	Gokul Agro Resources LimitedGOKULAGRO · Sep 2026	FMCG	₹6,587 Cr	₹223.22	37.0%	32.8%	3.3%	0.41	14.12
54	Bharat Electronics LimitedBEL · Sep 2026	Defence	₹288,809 Cr	₹395.10	37.0%	24.4%	28.2%	0.00	45.12
55	Triveni Turbine LimitedTRITURBINE · Jun 2026	Electric Equipment	₹16,375 Cr	₹515.10	36.0%	23.2%	19.0%	0.02	48.72
56	Solex Energy LimitedSOLEX · Jun 2026	Electric Equipment	₹659 Cr	₹609.95	36.0%	32.4%	10.6%	1.34	8.03
57	Sharda Motor Industries LimitedSHARDAMOTR · Jun 2026	Auto	₹5,017 Cr	₹873.90	36.0%	25.3%	11.6%	0.04	15.12
58	Mazagon Dock Shipbuilders LimitedMAZDOCK · Sep 2026	Defence	₹74,182 Cr	₹1,839.00	36.0%	23.4%	16.2%	0.08	30.27
59	Kronox Lab Sciences LimitedKRONOX · Sep 2026	Chemicals	₹725 Cr	₹195.38	36.0%	22.1%	32.8%	—	25.59
60	Indraprastha Medical Corporation LimitedINDRAMEDCO · Sep 2026	Healthcare	₹3,060 Cr	₹333.75	36.0%	26.0%	18.0%	0.05	15.90
61	Hero MotoCorp LimitedHEROMOTOCO · Sep 2026	Auto	₹110,358 Cr	₹5,514.00	36.0%	25.7%	13.9%	0.06	18.31
62	FORCE MOTORS LTDFORCEMOT · Sep 2026	Auto	₹24,221 Cr	₹18,382.00	36.0%	25.8%	15.4%	—	20.26
63	Thyrocare Technologies LimitedTHYROCARE · Sep 2026	Healthcare	₹7,795 Cr	₹489.75	35.0%	25.8%	32.2%	0.10	54.52
64	Suzlon Energy LimitedSUZLON · Sep 2026	Electric Equipment	₹53,047 Cr	₹38.59	35.0%	22.0%	16.4%	0.07	23.49
65	Manorama Industries LimitedMANORAMA · Jun 2026	FMCG	₹12,022 Cr	₹1,904.50	35.0%	36.1%	25.7%	0.52	48.79
66	Ganesh Green Bharat LimitedGGBL · Mar 2026	Infrastructure	₹515 Cr	₹207.50	35.0%	26.6%	10.7%	0.19	6.87
67	eClerx Services LimitedECLERX · Sep 2026	IT	₹14,618 Cr	₹1,588.50	35.0%	24.9%	24.5%	0.18	20.11
68	Coal India LimitedCOALINDIA · Sep 2026	Metal	₹242,996 Cr	₹394.30	35.0%	26.3%	23.2%	0.12	7.26
69	Chennai Petroleum Corporation LimitedCHENNPETRO · Sep 2026	Oil & Gas	₹21,123 Cr	₹1,418.50	35.0%	42.0%	10.0%	0.16	3.70
70	Persistent Systems LimitedPERSISTENT · Sep 2026	IT	₹95,844 Cr	₹6,109.50	34.0%	21.0%	16.9%	0.07	53.16
71	TD Power Systems LimitedTDPOWERSYS · Jun 2026	Electric Equipment	₹20,910 Cr	₹669.20	33.0%	25.6%	18.0%	0.02	76.14
72	Shanti Gold International LimitedSHANTIGOLD · Sep 2026	Consumer Durables	₹1,998 Cr	₹277.00	33.0%	22.1%	8.7%	0.55	11.61
73	Premier Energies LimitedPREMIERENE · Sep 2026	Electric Equipment	₹39,850 Cr	₹882.50	33.0%	34.5%	29.4%	0.72	22.35
74	Precision Wires India LimitedPRECWIRE · Jun 2026	Metal	₹7,724 Cr	₹422.50	33.0%	22.7%	5.3%	0.38	44.10
75	Polycab India LimitedPOLYCAB · Sep 2026	Infrastructure	₹118,282 Cr	₹7,849.00	33.0%	24.5%	13.5%	0.02	36.93
76	INOX India LimitedINOXINDIA · Sep 2026	Packaging	₹18,152 Cr	₹1,996.40	33.0%	23.3%	20.6%	0.07	69.66
77	Godfrey Phillips India LimitedGODFRYPHLP · Jun 2026	FMCG	₹27,982 Cr	₹1,794.00	33.0%	22.0%	23.2%	0.04	20.46
78	Cupid LimitedCUPID · Jun 2026	FMCG	₹45,887 Cr	₹341.25	33.0%	30.4%	35.5%	0.12	334.98
79	The Bombay Burmah Trading Corporation LimitedBBTC · Jun 2026	Auto	₹8,874 Cr	₹1,271.80	33.0%	36.7%	17.7%	0.23	3.43
80	Steelcast LimitedSTEELCAS · Jun 2026	Metal	₹3,720 Cr	₹367.55	32.0%	22.9%	26.9%	0.00	41.10
81	LG Electronics India LimitedLGEINDIA · Sep 2026	Consumer Durables	₹120,720 Cr	₹1,778.50	32.0%	21.9%	10.3%	0.05	62.70
82	Hindustan Aeronautics LimitedHAL · Jun 2026	Defence	₹337,263 Cr	₹5,043.00	32.0%	22.7%	29.6%	0.00	36.18
83	Gandhi Special Tubes LimitedGANDHITUBE · Sep 2026	Metal	₹1,019 Cr	₹902.75	32.0%	28.9%	45.2%	0.00	13.25
84	APL Apollo Tubes LimitedAPLAPOLLO · Sep 2026	Metal	₹60,924 Cr	₹2,194.20	32.0%	22.8%	7.9%	0.17	46.52
85	Ajanta Pharma LimitedAJANTPHARM · Sep 2026	Pharma	₹41,013 Cr	₹3,282.10	32.0%	27.9%	27.1%	0.06	32.47
86	Action Construction Equipment LimitedACE · Jun 2026	Engineering	₹13,422 Cr	₹1,127.65	32.0%	21.7%	15.5%	0.00	30.72
87	Sonata Software LimitedSONATSOFTW · Jun 2026	IT	₹6,580 Cr	₹237.72	31.0%	24.3%	7.3%	0.38	14.24
88	Premier Polyfilm LimitedPREMIERPOL · Sep 2026	Plastics Products	₹978 Cr	₹93.37	31.0%	21.9%	14.4%	—	26.61
89	Pidilite Industries LimitedPIDILITIND · Sep 2026	Chemicals	₹158,240 Cr	₹1,553.60	31.0%	24.2%	23.5%	0.03	58.22
90	NBCC (India) LimitedNBCC · Sep 2026	Infrastructure	₹21,689 Cr	₹80.33	31.0%	25.5%	5.9%	0.00	26.48
91	MODISON LIMITEDMODISONLTD · Sep 2026	Electric Equipment	₹1,142 Cr	₹352.05	31.0%	41.3%	17.5%	0.63	10.09
92	HCL Technologies LimitedHCLTECH · Sep 2026	IT	₹387,183 Cr	₹1,430.50	31.0%	24.4%	20.6%	0.07	21.12
93	Engineers India LimitedENGINERSIN · Sep 2026	Infrastructure	₹16,777 Cr	₹298.50	31.0%	26.9%	21.3%	0.00	18.69
94	Eicher Motors LimitedEICHERMOT · Jun 2026	Auto	₹211,739 Cr	₹7,713.00	31.0%	23.0%	24.7%	0.02	36.68
95	Ddev Plastiks Industries LimitedDDEVPLSTIK · Jun 2026	Chemicals	₹2,686 Cr	₹259.59	31.0%	21.1%	9.6%	0.06	12.56
96	Banco Products (I) LimitedBANCOINDIA · Jun 2026	Auto	₹8,851 Cr	₹618.80	31.0%	29.3%	17.3%	0.36	17.91
97	Bajaj Consumer Care LimitedBAJAJCON · Sep 2026	FMCG	₹5,293 Cr	₹405.25	31.0%	27.9%	22.8%	0.01	21.10
98	Apar Industries LimitedAPARINDS · Sep 2026	Electric Equipment	₹65,375 Cr	₹15,613.00	31.0%	16.2%	9.4%	0.12	47.49
99	Tata Elxsi LimitedTATAELXSI · Sep 2026	IT	₹24,422 Cr	₹3,920.00	30.0%	23.0%	22.7%	0.05	36.43
100	SKM Egg Products Export (India) LimitedSKMEGGPROD · Sep 2026	FMCG	₹1,259 Cr	₹238.79	30.0%	24.0%	20.5%	0.35	12.04

Showing the top 100 of 333 qualifying companies. Download these 100 as CSV

About this screen

ROCE measures operating profit (EBIT) against all the capital a business uses, debt and equity together, so leverage cannot flatter it the way it flatters ROE. It is the number most quality-focused investors start with: a business earning 25% on capital year after year usually has a moat of some kind, whether pricing power, a cost advantage or a network. Compare ROCE with the company's cost of borrowing (roughly 9-11% for Indian corporates): the gap is the value it creates on every rupee reinvested.

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High ROCE stocks — return on capital employed above 20%

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