Best Large Cap Stocks in India in September 2024 – Based on 5yr CAGR

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Large-cap stocks are the foundation of the stock market. These companies have a solid market position and well-known brands, which helps them stay ahead of their competitors. The Securities and Exchange Board of India (SEBI) has identified the top 100 large-cap companies listed on different stock exchanges, ranked from 1 to 100. In this article, check the best Large-cap stocks in India in September based on their 5-year CAGR. 

Best Large-Cap Stocks in September 2024 – Based on 5yr CAGR

Note: The best large-cap stocks list provided here is as of September 17, 2024. The stocks are sorted as per the 5-year CAGR.

Overview of the 5 Best Large-Cap Stocks in September 2024

• CG Power & Industrial Solutions

CG Power & Industrial Solutions is a global company that helps utilities, industries, and consumers manage and use electrical energy efficiently and sustainably. They provide a range of products, services, and solutions across two main areas: Power Systems and Industrial Systems.

For the quarter ended June 2024, the company’s revenue increased to ₹2,106.41 crore from ₹2,083.54 crore in the preceding quarter. Meanwhile, the net profit decreased to ₹232.13 crore from ₹240.59 crore in the previous quarter. 

Key metrics: 

• Earning per share (EPS):₹6.84
• Return on equity (ROE): 32.18%

• Adani Green Energy Limited

Adani Green Energy Limited, established in 2015, is a parent company with several subsidiaries that focus on generating renewable energy. The company is mainly engaged in producing renewable power and related activities.

For the quarter ended June 2024, the company’s revenue decreased to ₹3,383.00 crore from ₹7,304.00 crore in the preceding quarter. Meanwhile, the net profit decreased to ₹-89.00 crore from ₹-195.00 crore in the previous quarter. 

Key metrics: 

• EPS: -₹2.71
• ROE: -5.73%

• Suzlon Energy Ltd

Suzlon is a top global provider of renewable energy solutions. They are a fully integrated wind turbine generator (WTG) manufacturer, handling everything from the design and production of key parts like rotor blades and towers to the installation and maintenance of wind turbines. Suzlon manages all stages of wind power projects, including assessing wind resources, planning infrastructure, and executing technical tasks. They also provide operation and maintenance services both in India and internationally.

For the quarter ended June 2024, the company’s revenue increased to ₹1,480.02 crore from ₹1,428.61 crore in the preceding quarter. Meanwhile, the net profit increased to ₹121.14 crore from ₹74.49 crore in the previous quarter. 

Key metrics: 

• EPS: ₹0.16
• ROE: 5.95%

• Rail Vikas Nigam Ltd

Rail Vikas Nigam Ltd, established by the Indian government in 2003, focuses on carrying out various rail infrastructure projects assigned by the Ministry of Railways. Their work includes projects like doubling tracks, converting gauges, building new lines, electrifying railways, constructing major bridges, and setting up workshops and production units. They also share freight revenue with the railways according to their agreement with the Ministry of Railways.

For the quarter ended June 2024, the company’s revenue decreased to ₹4,064.27 crore from ₹6,700.69 crore in the preceding quarter. Meanwhile, the net profit decreased to ₹217.81 crore from ₹433.32 crore in the previous quarter. 

Key metrics: 

• EPS: ₹6.46
• ROE: 17.12%

• Adani Enterprises Ltd

Adani Enterprises Ltd, a part of the Adani Group, operates in several sectors, including mining, resource management, infrastructure (like airports, roads, railways, and metro systems), water, data centres, solar manufacturing, agriculture, and defence. The company was founded in 1993.

For the quarter ended June 2024, the company’s revenue decreased to ₹7,800.75 crore from ₹9,210.18 crore in the preceding quarter. Meanwhile, the net profit decreased to ₹602.26 crore from ₹776.71 crore in the previous quarter. 

Key metrics: 

• EPS: ₹25.08
• ROE: 17.18%

Factors to Consider Before Investing in Large-Cap Stocks

• Stability: A company’s stability is important when investing. Good large-cap stocks usually have steady prices and often pay dividends.
• Transparency: Large-cap companies generally have clear financial reports and straightforward corporate structures, which help you to understand the business and reduce the risk of price manipulation.
• Management: The quality of management is key. Large-cap companies can sustain high efficiency over time, so it’s crucial to evaluate the leadership when selecting stocks for your portfolio.

Conclusion

In summary, large-cap stocks can be a valuable addition to any investment portfolio, but it’s essential to consider factors that can impact their performance. Key metrics like market capitalisation, net profit margin, 5-year CAGR, and dividend yield can help you find the best large-cap stocks list in NSE to invest in.

Disclaimer: This blog has been written exclusively for educational purposes. The securities mentioned are only examples and not recommendations. It is based on several secondary sources on the internet and is subject to changes. Please consult an expert before making related decisions.