Over the past five years, several large cap companies in India have delivered exceptional returns to investors. These returns reflect not just short-term market sentiment, but long-term structural growth, sound business fundamentals, and sectoral tailwinds. Let us explore the top 10 large cap stocks with the highest 5-year CAGR returns and understand the business narratives that have powered this journey.
| Company | Sector | Market Cap (₹ Cr) | 5‑Year CAGR |
| CG Power & Industrial Solutions Limited | Capital Goods | ₹104,321 Cr | 198.1% |
| Adani Power Limited | Power Utilities | ₹1219,845 Cr | 77.1% |
| Adani Enterprises Limited | Diversified / Infrastructure | ₹294,327 Cr | 75.2% |
| Hindustan Aeronautics Limited | Aerospace & Defence PSU | ₹304,473 Cr | 71.9% |
| Bharat Electronics Limited | Defence Electronics PSU | ₹288,882 Cr | 68.3% |
| Tata Power Company Limited | Power Utilities | ₹126,327 Cr | 64.9% |
| JSW Energy Limited | Power Generation | ₹90,551 Cr | 62.4% |
| Jindal Steel & Power Limited | Steel / Mining | ₹102,024 Cr | 59.8% |
| The Indian Hotels Co. Limited | Hospitality | ₹106,209 Cr | 59.4% |
| Tata Motors Limited | Automotive | ₹253,080 Cr | 58.7% |
CG Power and Industrial Solutions
CG Power and Industrial Solutions Limited has delivered a remarkable 5-year CAGR of 198.1%. The company operates in the capital goods sector and has seen a strong turnaround after becoming part of the Murugappa Group. Its transformation journey included a sharp focus on operational efficiencies, a cleaner balance sheet, and the revival of demand in industrial capex and electrical infrastructure. This resurgence has made CG Power one of the top wealth creators in recent times.
Adani Power Limited has clocked a 5-year CAGR of 77.1%. As one of India’s leading private power producers, the company has benefited from rising demand for electricity, a greater push for infrastructure development, and a series of favorable tariff orders. Its large installed capacity and improved financial discipline have strengthened investor confidence, contributing to its robust stock performance.
Adani Enterprises Limited, the flagship of the Adani Group, has generated a 5-year CAGR of 75.2%. Operating as an incubator for various infrastructure businesses, the company has been at the forefront of multiple sunrise sectors including green hydrogen, airports, and data centers. Its ability to scale new ventures and tap into India’s infrastructure growth story has underpinned its strong market performance.
Hindustan Aeronautics Limited (HAL) has recorded a 5-year CAGR of 71.9%. As a premier defense PSU, HAL has seen rising investor interest on the back of the government's Make in India push in defense manufacturing. The company enjoys a strong order book, particularly for fighter jets and helicopters, and plays a critical role in India’s aerospace capabilities, making it a strategic and long-term growth story.
Bharat Electronics Limited (BEL) has achieved a 5-year CAGR of 68.3%. BEL is a key player in India’s defense electronics space and has consistently demonstrated strong execution capabilities and technological advancement. The rise in defense spending and the company’s increasing focus on exports have added new growth levers, supporting consistent shareholder value creation.
Tata Power Company Limited has delivered a 5-year CAGR of 64.9%. The company’s pivot towards clean energy, including solar and EV charging infrastructure, has helped reposition it from a traditional power utility to a future-ready energy player. Strategic partnerships, renewable energy targets, and improving profitability have made Tata Power a long-term favourite among investors.
JSW Energy Limited has posted a 5-year CAGR of 62.4%. With its growing presence in renewable energy, especially wind and solar, JSW Energy is actively expanding its green portfolio. The company’s low debt levels and disciplined capital allocation have added to investor optimism, making it a significant beneficiary of the energy transition theme.
Jindal Steel & Power Limited (JSPL) has seen a 5-year CAGR of 59.8%. Strong global steel demand, better realisations, and an ongoing focus on cost efficiency have driven JSPL’s performance. The company has also deleveraged significantly over the years, which has strengthened its balance sheet and improved return ratios, adding to its investment appeal.
The Indian Hotels Company Limited, the hospitality arm of the Tata Group, has generated a 5-year CAGR of 59.4%. A strong revival in domestic and international travel, improved average room rates, and a robust pipeline of hotel launches under the Taj brand have powered the company’s recovery and growth. Its strategic asset-light model and operational efficiency have further enhanced profitability.
Tata Motors Limited has achieved a 5-year CAGR of 58.7%. The company’s resurgence has been led by the turnaround of its domestic passenger vehicle segment, strong commercial vehicle performance, and renewed optimism around Jaguar Land Rover’s electric vehicle plans. With increasing EV penetration and improved financial metrics, Tata Motors has emerged as a consistent value generator.
What These 5-Year Performers Tell Us About Market Trends
These companies reflect how visionary leadership, structural industry trends, and disciplined execution can translate into sustained long-term returns. While past performance is no guarantee of future results, these stories offer valuable insights into how Indian businesses are evolving and creating wealth for investors over time.
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