Top Growth Stocks in India to Watch for 2025
Here is the top Top Growth Stocks in India to Watch for 2025, Are you looking to grow your wealth in 2025? If you’re an investor with a long-term mindset, keeping an eye on top growth stocks in India can be a smart move. Whether you’re a beginner or someone with more experience in the market, investing in growth stocks could be your ticket to better returns over time.
But with hundreds of companies listed on the NSE and BSE, how do you choose the right ones? That’s where we come in. In this blog post, we’ll break down what growth stocks are, why they matter, and which ones are making waves in India right now.
What Exactly Are Growth Stocks?
Let’s start with the basics. A growth stock is a company that’s expected to grow faster than the overall market. These are usually firms that reinvest their profits to expand operations, enter new markets, or develop new products and technology instead of paying frequent dividends.
Think of it like this: Investing in a growth stock is like planting a mango tree. In the early years, it doesn’t give you much fruit (i.e. dividends), but with time, it grows big and strong, producing sweet rewards in the long run.
Why Should You Consider Growth Stocks?
So, what makes these stocks worth your attention? Here are a few reasons: Top Growth Stocks in India to Watch for 2025
- Higher returns: Growth stocks have the potential to deliver significant capital appreciation over time.
- Market leadership: Most growth companies are innovators or leaders in their sectors.
- Long-term value: Though they may not shine every quarter, they often reward patient investors.
But as with anything in life, there’s a flip side. These stocks can also be more volatile. So, it’s important to do your research and diversify well.
How to Identify Top Growth Stocks in India
Before we dive into our list, here are some of the key traits of a good growth stock: please check the reason and evidence data for analysis of Top Growth Stocks in India to Watch for 2025
- Strong earnings growth year after year
- High return on equity (ROE), which shows how efficiently a company uses shareholders’ funds
- Low debt levels, indicating a healthier balance sheet
- Market leadership or a unique business model
Here is the list of Top Growth Stocks in India | Top Growth Stocks in India to Watch for 2025
| Company | CMP (Rs) | Profit CAGR (5 yrs, %) | Sales CAGR (5 yrs, %) | MCap (Rs m) | P/E (x) | D/E (Curr FY, x) | RoE (5 yrs, Avg. %) |
| ZOMATO | 237.5 | NM | 56.0% | 2,291,476 | 434.8 | 0.0 | 0.4% |
| BAJAJ HOUSING FINANCE LTD. | 124.4 | 75.4% | 46.0% | 1,036,126 | NM | 5.7 | 10.3% |
| TRENT | 5,433.9 | 73.2% | 36.7% | 1,931,666 | 133.4 | 0.1 | 11.5% |
| ADANI GREEN ENERGY | 986.7 | NM | 35.0% | 1,595,561 | 100.7 | 10.6 | 19.9% |
| INDUS TOWERS | 383.7 | 19.3% | 33.2% | 1,012,131 | 10.2 | 0.2 | 21.8% |
| BAJAJ HOLDINGS & INVESTMENT | 13,746.2 | 19.0% | 30.7% | 1,529,857 | 101.1 | 0.0 | 10.9% |
| L&T INFOTECH | 5,042.5 | 24.8% | 28.4% | 1,494,328 | 32.5 | 0.0 | 25.2% |
| MAX HEALTHCARE INSTITUTE | 1,176.2 | NM | 26.2% | 1,143,439 | 106.3 | 0.1 | 7.6% |
| BAJAJ FINANCE | 9,240.1 | 29.3% | 24.4% | 5,751,054 | 34.3 | 3.9 | 17.0% |
| UNION BANK | 140.4 | NM | 24.0% | 1,071,758 | 6.0 | 12.8 | 7.4% |
| VARUN BEVERAGES | 488.7 | 41.0% | 22.8% | 1,652,549 | 58.6 | 0.1 | 21.0% |
| CHOLAMANDALAM INVEST | 1,627.1 | 23.3% | 22.0% | 1,368,386 | 32.1 | 6.9 | 16.7% |
| HDFC BANK | 1,933.6 | 23.5% | 22.0% | 14,807,235 | 20.2 | 6.8 | 15.2% |
| BAJAJ FINSERV | 2,036.8 | 23.8% | 21.0% | 3,254,346 | 18.6 | 4.8 | 22.7% |
| TITAN | 3,578.8 | 20.3% | 20.9% | 3,177,165 | 95.2 | 1.4 | 24.8% |
| AVENUE SUPERMARTS | 4,139.9 | 23.0% | 20.4% | 2,693,937 | 99.5 | 0.0 | 12.0% |
| SOLAR INDUSTRIES | 15,328.7 | 25.9% | 19.8% | 1,387,090 | 108.2 | 0.3 | 24.0% |
| ADANI PORTS & SEZ | 1,395.2 | 14.9% | 19.6% | 3,013,718 | 27.6 | 0.9 | 14.3% |
| INTERGLOBE AVIATION (INDIGO) | 5,516.3 | 120.4% | 19.3% | 2,131,689 | 29.4 | 1.0 | 84.4% |
| IRFC | 136.7 | 23.3% | 19.1% | 1,786,465 | 27.5 | 8.4 | 12.9% |
| ADANI ENTERPRISES | 2,539.0 | 71.3% | 19.0% | 2,930,465 | 39.0 | 1.4 | 5.4% |
| SHRIRAM TRANSPORT | 659.9 | 23.4% | 18.6% | 1,240,960 | 13.2 | 4.0 | 12.9% |
| ADANI TRANSMISSION | 876.5 | 16.4% | 17.9% | 1,052,924 | 117.5 | 2.9 | 14.6% |
| BANK OF BARODA | 243.1 | 76.4% | 17.5% | 1,256,900 | 6.1 | 12.1 | 8.3% |
| ICICI BANK | 1,449.9 | 59.8% | 17.3% | 10,345,802 | 19.0 | 6.5 | 13.3% |
| ADANI POWER | 553.1 | NM | 16.1% | 2,133,273 | 16.7 | 0.8 | 24.0% |
| PNB | 100.4 | NM | 15.9% | 1,153,892 | 6.6 | 13.2 | 3.8% |
| MANKIND PHARMA | 2,434.3 | 26.0% | 15.7% | 1,004,565 | 50.1 | 0.0 | 23.9% |
| JSW STEEL | 1,008.5 | 3.6% | 15.6% | 2,466,240 | 64.9 | 1.1 | 15.4% |
| TATA POWER | 402.0 | 9.4% | 15.5% | 1,284,367 | 32.3 | 1.5 | 11.0% |
| MAZAGON DOCK SHIP. | 3,502.2 | 30.9% | 15.5% | 1,412,697 | 54.0 | 0.0 | 18.2% |
| SHREE CEMENT | 31,457.5 | 18.7% | 15.3% | 1,135,008 | 101.0 | 0.1 | 11.7% |
| AXIS BANK | 1,210.1 | 39.3% | 15.0% | 3,751,125 | 13.3 | 8.3 | 9.3% |
| APOLLO HOSPITALS | 7,062.8 | 35.7% | 14.7% | 1,015,522 | 77.1 | 0.5 | 12.7% |
| NESTLE | 2,413.5 | 14.9% | 14.6% | 2,326,993 | 72.0 | 0.0 | 85.4% |
| TVS MOTORS | 2,780.0 | 19.7% | 14.2% | 1,320,718 | 54.1 | 3.7 | 20.4% |
| KOTAK MAHINDRA BANK | 2,100.9 | 20.4% | 13.5% | 4,177,071 | 19.0 | 4.0 | 12.9% |
| REC | 402.4 | 19.8% | 13.3% | 1,059,478 | 6.7 | 6.4 | 18.5% |
| BHARTI AIRTEL | 1,832.1 | 38.4% | 13.2% | 11,165,537 | 33.1 | 1.9 | 7.8% |
| ASIAN PAINTS | 2,314.6 | 20.2% | 13.0% | 2,220,159 | 62.2 | 0.1 | 26.2% |
| TATA CONSUMER | 1,140.7 | 20.9% | 12.8% | 1,128,725 | 81.8 | 0.1 | 7.5% |
| SBI | 790.5 | 31.4% | 12.7% | 7,054,466 | 8.9 | 12.4 | 13.5% |
| HCL TECHNOLOGIES | 1,648.3 | 9.2% | 12.7% | 4,472,798 | 25.7 | 0.0 | 21.6% |
| DR. REDDYS LAB | 1,229.8 | 23.4% | 12.6% | 1,026,171 | 18.0 | 0.1 | 15.0% |
| INFOSYS | 1,564.5 | 10.0% | 12.4% | 6,499,267 | 24.3 | 0.0 | 29.2% |
| NTPC | 344.5 | 8.7% | 12.2% | 3,340,501 | 17.1 | 1.5 | 11.9% |
| PIDILITE INDUSTRIES | 3,025.9 | 13.5% | 11.8% | 1,539,095 | 73.3 | 0.0 | 20.6% |
| GAIL | 191.4 | 8.6% | 11.8% | 1,258,145 | 11.5 | 0.2 | 14.3% |
| ULTRATECH CEMENT | 11,740.7 | 23.9% | 11.3% | 3,459,725 | 53.4 | 0.2 | 12.4% |
| SIEMENS | 3,274.4 | 19.1% | 11.2% | 1,166,080 | 53.3 | 0.0 | 12.3% |
| GRASIM | 2,658.1 | 29.3% | 11.2% | 1,809,017 | 22.9 | 1.5 | 12.3% |
| EICHER MOTOR | 5,401.5 | 12.5% | 11.0% | 1,481,373 | 36.7 | 0.0 | 17.1% |
| POWER FINANCE CORPORATION | 405.9 | 14.8% | 11.0% | 1,339,346 | 4.4 | 8.3 | 18.3% |
| SUN PHARMA | 1,683.3 | 24.6% | 10.8% | 4,038,681 | 36.8 | 0.0 | 10.3% |
| ABB INDIA | 5,960.9 | 44.1% | 10.8% | 1,263,154 | 66.9 | 0.0 | 17.6% |
| BHARAT ELECTRONICS | 383.6 | 16.4% | 10.8% | 2,804,031 | 53.0 | 0.0 | 20.2% |
| HINDALCO | 650.3 | 13.1% | 10.6% | 1,461,259 | 9.1 | 0.6 | 10.5% |
| MARUTI SUZUKI | 12,452.1 | 12.0% | 10.5% | 3,914,972 | 27.5 | 0.0 | 10.7% |
| L&T | 3,600.0 | 10.0% | 10.3% | 4,951,225 | 28.0 | 1.3 | 13.3% |
| TCS | 3,514.0 | 8.5% | 10.2% | 12,713,960 | 26.1 | 0.0 | 46.0% |
| HYUNDAI MOTOR INDIA LTD. | 1,881.9 | 18.3% | 9.9% | 1,529,121 | NM | 0.1 | 25.5% |
| DIVIS LABORATORIES | 6,480.7 | 3.4% | 9.7% | 1,720,422 | 78.5 | 0.0 | 18.3% |
| CIPLA | 1,484.6 | 22.5% | 9.5% | 1,198,983 | 22.7 | 0.0 | 12.6% |
| HUL | 2,357.8 | 11.2% | 9.5% | 5,539,749 | 51.9 | 0.0 | 31.5% |
| RELIANCE IND. | 1,426.5 | 14.7% | 9.3% | 19,303,396 | 23.9 | 0.4 | 9.2% |
| VEDANTA | 440.2 | NM | 9.3% | 1,721,157 | 8.4 | 2.8 | 24.4% |
| MOTHERSON SUMI | 148.4 | 7.6% | 9.2% | 1,043,834 | 26.1 | 0.7 | 8.2% |
| BPCL | 319.0 | 25.8% | 8.8% | 1,383,755 | 11.5 | 0.6 | 21.0% |
| IOC | 144.1 | 20.1% | 8.7% | 2,034,870 | 16.9 | 0.7 | 14.1% |
| HINDUSTAN AERO. | 4,960.0 | 26.8% | 8.7% | 3,317,124 | 39.9 | 0.0 | 24.0% |
| BRITANNIA | 5,489.3 | 13.1% | 8.7% | 1,322,198 | 60.4 | 0.5 | 52.7% |
| INDIAN HOTELS | 770.1 | 37.5% | 8.5% | 1,096,185 | 55.9 | 0.0 | 6.6% |
| COAL INDIA | 401.4 | 16.4% | 8.4% | 2,473,719 | 7.1 | 0.1 | 44.9% |
| TECH MAHINDRA | 1,580.7 | NM | 8.4% | 1,547,568 | 36.5 | 0.1 | 16.8% |
| BAJAJ AUTO | 8,738.0 | 9.4% | 8.1% | 2,440,153 | 30.4 | 0.1 | 22.0% |
| WIPRO | 247.5 | 6.2% | 7.8% | 2,593,381 | 19.6 | 0.2 | 16.9% |
| TATA STEEL | 162.9 | NM | 7.8% | 2,033,555 | 68.2 | 0.9 | 11.4% |
| TATA MOTORS | 718.2 | NM | 7.7% | 2,643,842 | 11.5 | 1.2 | 8.7% |
| TORRENT PHARMA | 3,173.1 | 30.6% | 6.9% | 1,073,921 | 56.2 | 0.6 | 20.0% |
| ITC | 436.3 | 10.1% | 6.7% | 5,459,910 | 27.2 | 0.0 | 25.9% |
| ONGC | 244.1 | 11.0% | 6.7% | 3,070,846 | 8.0 | 0.4 | 12.6% |
| HINDUSTAN ZINC | 447.3 | NM | 6.5% | 1,889,774 | 18.3 | 0.6 | 40.4% |
| GODREJ CONSUMER | 1,277.3 | NM | 6.5% | 1,306,688 | 70.5 | 0.3 | 13.0% |
| HDFC AMC | 4,810.9 | 15.9% | 6.2% | 1,028,864 | 41.8 | 0.0 | 27.3% |
| M&M | 3,012.4 | 15.3% | 5.7% | 3,746,006 | 29.9 | 1.6 | 14.0% |
| POWER GRID | 298.1 | 9.2% | 5.5% | 2,772,045 | 18.1 | 1.4 | 18.6% |
| AMBUJA CEMENT | 571.5 | 11.2% | 4.1% | 1,407,552 | 27.3 | 0.0 | 10.4% |
| IDBI BANK | 93.9 | NM | 3.7% | 1,009,866 | 13.3 | 5.8 | 5.9% |
| CG POWER & INDUSTRIAL | 696.4 | NM | 0.1% | 1,064,813 | 109.4 | 0.0 | 27.6% |
Now, let’s look at the top growth stocks in India to watch for 2025.
Best stock for investment 2025
| S.No. | Name | CMP Rs. | P/E | Mar Cap Rs.Cr. | Div Yld % | NP Qtr Rs.Cr. | Qtr Profit Var % | Sales Qtr Rs.Cr. | Qtr Sales Var % | ROCE % | Debt / Eq | Prom. Hold. % |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 1. | Sri Adhik. Bros. | 566.50 | 1437.38 | 0.00 | -22.90 | 98.86 | 2.36 | 637.50 | 0.00 | 59.23 | ||
| 2. | Shalimar Paints | 102.78 | 860.38 | 0.00 | -23.98 | -107.80 | 148.16 | 1.56 | -12.55 | 0.47 | 74.96 | |
| 3. | India Cements | 332.55 | 10305.63 | 0.00 | 18.02 | 27.13 | 1197.30 | -3.11 | -4.22 | 0.11 | 81.49 | |
| 4. | Lucent Industrie | 660.00 | 990.00 | 0.00 | -0.02 | -100.00 | 0.00 | -0.64 | 0.00 | 67.61 | ||
| 5. | C C C L | 21.04 | 939.98 | 0.00 | 55.92 | -107.78 | 44.96 | 50.57 | 0.18 | 0.00 | 60.05 | |
| 6. | Kisan Mouldings | 43.85 | 150.97 | 523.85 | 0.00 | 0.52 | -87.44 | 83.30 | 40.05 | 2.34 | 0.15 | 69.67 |
| 7. | S & S Power Swit | 373.10 | 460.46 | 0.00 | -0.17 | -127.45 | 55.50 | 28.77 | 2.73 | 0.42 | 74.97 | |
| 8. | Imagica. Enter. | 64.49 | 48.83 | 3649.12 | 0.00 | 3.22 | -60.82 | 91.86 | 35.97 | 3.04 | 0.09 | 74.02 |
| 9. | Bartronics India | 15.93 | 200.49 | 485.19 | 0.00 | -0.33 | -450.00 | 8.71 | -26.93 | 3.78 | 0.01 | 75.00 |
| 10. | Hexa Tradex | 187.98 | 1038.59 | 0.00 | 26.19 | -10.89 | 0.00 | -100.00 | 3.87 | 0.01 | 92.13 | |
| 11. | Fischer Medical | 825.65 | 2351.68 | 5267.77 | 0.00 | -0.29 | 11.75 | 5.25 | 0.02 | 61.80 | ||
| 12. | Sicagen India | 65.27 | 16.56 | 258.27 | 0.92 | 3.97 | 28.06 | 251.65 | 13.75 | 5.45 | 0.31 | 60.39 |
| 13. | Aarnav Fashions | 50.37 | 20.36 | 212.76 | 0.99 | 4.32 | 217.65 | 94.68 | 17.54 | 6.70 | 0.58 | 66.53 |
| 14. | Viceroy Hotels | 114.98 | 10.05 | 777.02 | 0.00 | 9.96 | 311.57 | 35.33 | -14.23 | 9.15 | 0.21 | 84.11 |
| 15. | Madhuveer Com | 214.25 | 672.44 | 524.50 | 0.02 | 0.99 | 4850.00 | 2.28 | 4460.00 | 13.49 | 0.39 | 66.49 |
| S.No. | Name | CMP Rs. | P/E | Mar Cap Rs.Cr. | Div Yld % | NP Qtr Rs.Cr. | Qtr Profit Var % | Sales Qtr Rs.Cr. | Qtr Sales Var % | ROCE % | Debt / Eq | Prom. Hold. % |
| 16. | Escorts Kubota | 3510.60 | 34.88 | 39275.80 | 0.51 | 318.42 | 12.43 | 2444.88 | 6.27 | 14.03 | 0.01 | 68.04 |
| 17. | Ujaas Energy | 443.10 | 233.43 | 4724.62 | 0.00 | 3.93 | -89.97 | 8.17 | 39.90 | 14.04 | 0.23 | 93.79 |
| 18. | Khemani Distrib. | 138.35 | 23.20 | 317.85 | 0.00 | 9.93 | 26.02 | 51.02 | 12.70 | 20.45 | 0.06 | 75.00 |
| 19. | IIRM Holdings | 82.50 | 25.08 | 562.19 | 0.00 | 1.97 | -89.27 | 55.49 | -68.80 | 23.48 | 0.22 | 60.82 |
| 20. | W S Inds. | 75.01 | 192.49 | 475.44 | 0.00 | -23.69 | -269.95 | 65.59 | -40.58 | 25.24 | 0.42 | 60.69 |
| 21. | Bio Green Papers | 141.14 | 46.62 | 1643.33 | 0.00 | 12.91 | 16237.50 | 153.85 | 25.96 | 0.00 | 81.79 | |
| 22. | Banganga Paper | 80.25 | 511.33 | 961.30 | 0.00 | 1.00 | 10100.00 | 20.49 | 18527.27 | 26.95 | 0.64 | 71.09 |
| 23. | Sobhagya Mercant | 477.80 | 25.84 | 401.35 | 0.00 | 7.58 | 92.39 | 59.75 | 82.39 | 33.71 | 0.08 | 75.02 |
| 24. | Cigniti Tech. | 1543.20 | 19.11 | 4227.90 | 0.19 | 73.15 | 169.53 | 530.28 | 16.38 | 34.15 | 0.03 | 55.16 |
1. TATA Elxsi
This company has become a market darling recently. With a focus on design and technology services in industries like healthcare, automotive, and media, Tata Elxsi has consistently delivered solid top and bottom-line growth.
Its innovative approach, especially in electric vehicles and AI-based solutions, gives it a strong foundation for future growth.
2. Infosys
One of India’s top tech giants, Infosys continues to post reliable earnings and has a presence across the globe. While it’s not the fastest horse in the race, its focus on digital transformation ensures that it stays resilient and relevant.
It might not be a pure growth stock like some start-ups, but its consistent performance makes it a solid long-term choice.
3. PI Industries
Operating in the agri-science and chemicals space, PI Industries has expanded its capabilities in the export market. Its business model is focused on innovation, custom synthesis, and contract manufacturing—which opens up big global opportunities.
Given how strategic agriculture and chemicals are to India’s economy, this is a player worth watching.
4. Polycab India
Did you know Polycab is India’s leading manufacturer of wires and cables? With consistent earnings growth and high ROE, Polycab has also been expanding its electrical appliances business.
As more Indians move into urban areas and infrastructure spending rises, companies like Polycab could benefit massively.
5. APL Apollo Tubes
Another player on the infrastructure side, APL Apollo manufactures structural steel tubes and pipes. With increasing focus on construction across real estate and industrial sectors, their products are more in demand than ever.
Its large distribution network and wide product range make it a robust pick for long-term growth.
6. Divi’s Laboratories
One of the most trusted pharmaceutical companies in the country, Divi’s Labs has a strong track record of earnings and export success. Its focus on Active Pharmaceutical Ingredients (APIs) and custom synthesis has made it a global name in the pharma space.
Healthcare is a growing sector, and Divi’s is set to ride that wave comfortably.
What to Keep in Mind Before Investing
Growth stocks can be tempting, but don’t jump in without a plan. Ask yourself:
- What is your investment horizon? At least 3–5 years is ideal with growth stocks.
- Are you okay with some ups and downs? These stocks can be a bit volatile in the short term.
- Have you done your homework? Always understand the company’s business and fundamentals before investing.
One more tip: Try not to chase “hot stocks” just because they’re trending. That’s how mistakes happen. Instead, look for companies with solid, long-term prospects.
Wrapping Up: Should You Add Growth Stocks to Your Portfolio?
If you’re aiming to build wealth steadily over time, keeping a portion of your investment in top-performing growth stocks in India could be a wise move. They’re not without risks, but with the right picks—and a bit of patience—you could see your money work harder for you.
I once bought a growth stock after doing weeks of homework. It was a small company. Everyone said, “Why this one?” But over the next three years, it more than doubled. The lesson? Sometimes, it pays to look beneath the surface and bet on quality over hype.
So, take time to understand what you’re investing in. Don’t just follow the noise—follow the data.
And remember, the stock market is not a race, it’s a marathon. With the right strategy, 2024 might just be your breakthrough year.
Happy Investing!
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