Even if you are not active in the stock market, it is difficult to miss or ignore the discussion around the Indian EV sector. It is safe to assume that the demand for EV stocks will see a huge boost in the coming years. This is why it is important for you to learn about the various EV stocks in the market. Before we discuss the various EV stocks in the Indian market, let us first understand what is an EV stock. EV stocks are not just stocks of companies which manufacture electric cars. The spectrum of EV stocks includes a wide range of services like – Table of Content
- EV stocks includes companies manufacturing electric buses, electric truck, electric scooters etc.
- Even companies involved in electric vehicle charging and battery manufacturing are EV stocks.
- Companies from the abrasives sector like Grindwell Norton Ltd etc also come under the category of EV stocks.
The top five EV stocks in India 2024 as per market capitalisation are -
EV Stocks List | Market Capitalisation (Rs) |
2,148,585 | |
115,449 | |
372,664 | |
242,391 | |
363,079 |
*Data as on 1st July 2024
The above list contains only five of the biggest EV stocks in India. But there are more than 44 EV stocks listed on the Indian stock exchange. Some of these EV stocks have generated stellar returns in the last one year. Fiem Industries Ltd is one such EV stock. It has a market capitalisation of Rs 3,514 crores only. But this EV stock has grown by 39% in the past year between July 2023 to July 2024. Even large-cap EV stocks seem to be enjoying the rally in the EV sector. Ashok Leyland Ltd is a large-cap EV stock with a market capitalisation of Rs 67,053crores (as in July 2024). The stock has seen a decent growth of 30.75% in the last one-year. So, it is safe to say that EV stocks are having a ball in the stock market. The growth in EV stocks is pretty much guaranteed as even the government is pushing for EV revolution in the country. There are two main reasons behind this push by the government -
- India is the third largest carbon emitter in the world. So, the Indian government is under tremendous pressure to reduce its carbon emissions. The world is creating new policies to counter climate change. It is now India’s turn to act fast. Shifting to EV will give the government the much-needed relief globally.
- The second reason is India’s fuel bill. For example, India’s fuel bill in 2021 was a whopping $24.7 billion. A big chunk of our foreign reserves is being spent on fuel. Adopting and promoting EVs will help us conserve our foreign reserves.
Now, it is no surprise that if the entire EV sector grows, EV stocks will automatically make money. In this article, we will take a look at all the 44 EV stocks in India. We will discuss their participation in the EV sector, key financial ratios and look at the performance of these 44 EV stocks. Here's an interesting video we made on the 6 EV stocks that FIIs are buying in 2024. Watch this video now
Let us begin with the biggest EV stock in India – Reliance Industries Ltd.
EV Stocks in India #1 – Reliance Industries Ltd.
Reliance Industries Ltd and the Mahindra group have joined hands to explore the creation of EV products and services. This joint venture will also look into creating electric charging infrastructure for two and three wheelers, quadricycles and e-SVC (small commercial vehicles). With so much monetary backing and the Reliance brand, this is one EV stock that is on everyone’s radar.
Key Financial Ratios of Reliance Industries Ltd -
Market Cap (₹ in Cr): | 2,148,585 |
30.8 | |
1,173 | |
0.28 | |
10 | |
9.23 | |
Face Value (₹): | 10 |
103.00 | |
0.44 | |
Revenue (₹ in Cr): | 901,064 |
Profit After Tax (₹ in Cr): | 69,621 |
Cash (₹ in Cr): | 97,225 |
Total Debt (₹ in Cr): | 346,142 |
Promoter’s Holding (%): | 50.3 |
*Data as on 19th July 2024
EV Stocks in India #2 – TVS Motor Company Ltd.
The second biggest EV stock in India is TVS Motor Company Ltd. It is set to invest Rs 1,200 crores in future technologies and electric vehicles in the next four years. The company is already a part of the EV segment with one product – TVS iQube, an electric scooter.
Key Financial Ratios of TVS Motor Company Ltd -
Market Cap (₹ in Cr): | 115,449 |
Stock P/E: | 68.5 |
Book Value (₹): | 143 |
Dividend Yield (%): | 0.33 |
ROCE (%): | 18.8 |
ROE (%): | 27.4 |
Face Value (₹): | 1 |
EPS (₹): | 35.50 |
Debt to Equity: | 1.97 |
Revenue (₹ in Cr): | 39,145 |
Profit After Tax (₹ in Cr): | 1,686 |
Cash (₹ in Cr): | 2,426 |
Total Debt (₹ in Cr): | 13,376 |
Promoter’s Holding (%): | 50.3 |
*Data as on 19th July 2024
EV Stocks in India #3 – Tata Motors Ltd.
Tata Motors is India’s largest EV manufacturer. It has already launched a range of EV cars – Tata Nixon EV, Tata Tigor EV etc. If Tata Motors can retain its market share by innovating and building low-cost EVs, then it is set to be one of the most promising EV stocks in the market.
Key Financial Ratios of Tata Motors Ltd -
Market Cap (₹ in Cr): | 372,664 |
Stock P/E: | 11.6 |
Book Value (₹): | 255 |
Dividend Yield (%): | 0.3 |
ROCE (%): | 20.1 |
ROE (%): | 49.4 |
Face Value (₹): | 2 |
EPS (₹): | 94.50 |
Debt to Equity: | 1.26 |
Revenue (₹ in Cr): | 437,928 |
Profit After Tax (₹ in Cr): | 32,193 |
Cash (₹ in Cr): | 45,807 |
Total Debt (₹ in Cr): | 107,262 |
Promoter’s Holding (%): | 46.4 |
*Data as on 19th July 2024
EV Stocks in India #4 – Indian Oil Corporation Ltd.
Indian Oil Corporation Ltd is the largest oil marketer in India. In the EV space, it is working on aluminium air battery technology for EVs. It has also set up 257 EV charging stations and 29 battery swapping stations in India. Low cost batteries are crucial for the mass production of EVs.
Key Financial Ratios of Indian Oil Corporation Ltd -
Market Cap (₹ in Cr): | 242,391 |
Stock P/E: | 5.74 |
Book Value (₹): | 130 |
Dividend Yield (%): | 7.07 |
ROCE (%): | 21.2 |
ROE (%): | 25.8 |
Face Value (₹): | 10 |
EPS (₹): | 29.60 |
Debt to Equity: | 0.72 |
Revenue (₹ in Cr): | 776,352 |
Profit After Tax (₹ in Cr): | 41,730 |
Cash (₹ in Cr): | 3,159 |
Total Debt (₹ in Cr): | 132,628 |
Promoter’s Holding (%): | 51.5 |
*Data as on 19 July 2024
EV Stocks in India #5 – Mahindra & Mahindra Ltd
Apart from the joint venture with Reliance Industries, Mahindra & Mahindra is also looking to expand its collection of EV cars. The company is set to launch 16 electric vehicles by 2027 across SUV and light commercial vehicle segments. It also plans to invest Rs 3,000 crores in the electric vehicle segment in the next three years.
Key Financial Ratios of Mahindra & Mahindra Ltd -
Market Cap (₹ in Cr): | 363,079 |
Stock P/E: | 32.2 |
Book Value (₹): | 532 |
Dividend Yield (%): | 0.74 |
ROCE (%): | 13.6 |
ROE (%): | 18.4 |
Face Value (₹): | 5 |
EPS (₹): | 90.60 |
Debt to Equity: | 1.64 |
Revenue (₹ in Cr): | 139,078 |
Profit After Tax (₹ in Cr): | 11,269 |
Cash (₹ in Cr): | 12,013 |
Total Debt (₹ in Cr): | 106,626 |
Promoter’s Holding (%): | 18.6 |
*Data as on 19th July 2024
EV Stocks in India #6 – Hindalco Industries Ltd
Aluminium is an alternative to steel and will play a crucial role in producing low-cost EVs. Hindalco Industries Ltd is in a sweet spot as it is a leader in the Indian aluminium and copper sector. As the demand for EVs picks up, Hindalco Industries Ltd will become a key player in the EV sector.
Key Financial Ratios of Hindalco Industries Ltd -
Market Cap (₹ in Cr): | 159,564 |
Stock P/E: | 15.7 |
Book Value (₹): | 472 |
Dividend Yield (%): | 0.43 |
ROCE (%): | 11.2 |
ROE (%): | 10.1 |
Face Value (₹): | 1 |
EPS (₹): | 45.20 |
Debt to Equity: | 0.53 |
Revenue (₹ in Cr): | 215,962 |
Profit After Tax (₹ in Cr): | 10,140 |
Cash (₹ in Cr): | 14,437 |
Total Debt (₹ in Cr): | 56,356 |
Promoter’s Holding (%): | 34.6 |
*Data as on 19th July 2024
EV Stocks in India #7 – Bajaj Auto Ltd
Bajaj Auto Ltd has entered the EV sector with its electric scooter – Chetak. The company also has plans to set up a wholly owned subsidiary to produce entry level electric bikes to high performance motorcycles.
Key Financial Ratios of Bajaj Auto Ltd -
Market Cap (₹ in Cr): | 266,477 |
Stock P/E: | 34.4 |
Book Value (₹): | 1,037 |
Dividend Yield (%): | 0.84 |
ROCE (%): | 33.5 |
ROE (%): | 26.5 |
Face Value (₹): | 10 |
EPS (₹): | 276.00 |
Debt to Equity: | 0.07 |
Revenue (₹ in Cr): | 44,870 |
Profit After Tax (₹ in Cr): | 7,722 |
Cash (₹ in Cr): | 955 |
Total Debt (₹ in Cr): | 1,912 |
Promoter’s Holding (%): | 55 |
*Data as on 19th July 2024
EV Stocks in India #8 – Bharat Petroleum Corporation Ltd
BPCL is planning to set up 1,000 electric vehicle charging stations in India. The company has allocated Rs 5,000 crores towards its renewable energy portfolio over the next five years. BPCL is the second biggest oil marketer with wide reach in even rural areas. Hence, BPCL is surely an EV stock to look out for.
Key Financial Ratios of Bharat Petroleum Corporation Ltd -
Market Cap (₹ in Cr): | 130,285 |
Stock P/E: | 4.85 |
Book Value (₹): | 174 |
Dividend Yield (%): | 3.5 |
ROCE (%): | 32.1 |
ROE (%): | 41.9 |
Face Value (₹): | 10 |
EPS (₹): | 61.90 |
Debt to Equity: | 0.72 |
Revenue (₹ in Cr): | 448,083 |
Profit After Tax (₹ in Cr): | 27,057 |
Cash (₹ in Cr): | 6,286 |
Total Debt (₹ in Cr): | 54,599 |
Promoter’s Holding (%): | 53 |
*Data as on 19th July 2024
EV Stocks in India #9 – Tata Power Company Ltd
Tata Power Company Ltd is a leader in developing EV charging ecosystem in India. Tata Power’s EV portfolio consists of everything from public charging, to work place and home charging infrastructure. The company has recently installed over 1,000 EV charging stations in the country.
Key Financial Ratios of Tata Power Company Ltd -
Market Cap (₹ in Cr): | 140,243 |
Stock P/E: | 40.7 |
Book Value (₹): | 101 |
Dividend Yield (%): | 0.46 |
ROCE (%): | 11.1 |
ROE (%): | 11.3 |
Face Value (₹): | 1 |
EPS (₹): | 11.60 |
Debt to Equity: | 1.66 |
Revenue (₹ in Cr): | 61,449 |
Profit After Tax (₹ in Cr): | 3,450 |
Cash (₹ in Cr): | 9,152 |
Total Debt (₹ in Cr): | 53,689 |
Promoter’s Holding (%): | 46.9 |
*Data as on 19th July 2024
EV Stocks in India #10 – L&T Technology Services Ltd
L&T Technology Services Ltd is an end to end EV service provider. The company focuses on design, development and testing of battery management systems, power convertors, and motor controls. The company has also developed a one-of-a-kind electric vehicle testing lab to perform EV component testing.
Key Financial Ratios of L&T Technology Services Ltd -
Market Cap (₹ in Cr): | 53,631 |
Stock P/E: | 44.8 |
Book Value (₹): | 478 |
Dividend Yield (%): | 0.98 |
ROCE (%): | 33.4 |
ROE (%): | 25.8 |
Face Value (₹): | 2 |
EPS (₹): | 119.00 |
Debt to Equity: | 0.12 |
Revenue (₹ in Cr): | 8,679 |
Profit After Tax (₹ in Cr): | 1,194 |
Cash (₹ in Cr): | 1,178 |
Total Debt (₹ in Cr): | 627 |
Promoter’s Holding (%): | 73.7 |
*Data as on 19th July 2024
EV Stocks in India #11 – Hero MotoCorp Ltd
While a little late, Hero MotoCorp Ltd has finally decided to enter the EV sector. The company is set to launch its first electric scooter in 2022. It also plans a to launch its EVs in 20 global markets. It will use the Ather energy fast charging technology for its electric scooters, which is a mark above its EV competitors.
Key Financial Ratios of Hero MotoCorp Ltd -
Market Cap (₹ in Cr): | 111,734 |
Stock P/E: | 29 |
Book Value (₹): | 885 |
Dividend Yield (%): | 2.1 |
ROCE (%): | 29.8 |
ROE (%): | 22.5 |
Face Value (₹): | 2 |
EPS (₹): | 187.00 |
Debt to Equity: | 0.03 |
Revenue (₹ in Cr): | 37,789 |
Profit After Tax (₹ in Cr): | 3,860 |
Cash (₹ in Cr): | 696 |
Total Debt (₹ in Cr): | 606 |
Promoter’s Holding (%): | 34.8 |
*Data as on 19th July 2024
EV Stocks in India #12 – Sona BLW Precision Forgings Ltd
Sona BLW Precision Forgings Ltd has joined hands with Israel’s IRP Nexus Group, to create revolutionary magnet less e-motor technology. The company will design and manufacture high-efficiency, low-cost motor and controller for two and three-wheeler EVs.
Key Financial Ratios of Sona BLW Precision Forgings Ltd -
Market Cap (₹ in Cr): | 39,879 |
Stock P/E: | 77.2 |
Book Value (₹): | 45 |
Dividend Yield (%): | 0.45 |
ROCE (%): | 24 |
ROE (%): | 20.9 |
Face Value (₹): | 10 |
EPS (₹): | 8.82 |
Debt to Equity: | 0.16 |
Revenue (₹ in Cr): | 3,185 |
Profit After Tax (₹ in Cr): | 517 |
Cash (₹ in Cr): | 274 |
Total Debt (₹ in Cr): | 412 |
Promoter’s Holding (%): | 29.7 |
*Data as on 19th July 2024
EV Stocks in India #13 – Tata Elxsi Limited
Tata Elxsi Ltd has played a key role in developing Tata Motor’s Nexon EV. It is also involved in e-vehicle testing with functional testing, diagnostic tests, drive scenarios, and range verification of EV manufacturers.
Key Financial Ratios of Tata Elxsi Ltd
Market Cap (₹ in Cr): | 43,780 |
Stock P/E: | 55.4 |
Book Value (₹): | 402 |
Dividend Yield (%): | 1 |
ROCE (%): | 42.7 |
ROE (%): | 34.5 |
Face Value (₹): | 10 |
EPS (₹): | 127.00 |
Debt to Equity: | 0.09 |
Revenue (₹ in Cr): | 3,552 |
Profit After Tax (₹ in Cr): | 791 |
Cash (₹ in Cr): | 1,357 |
Total Debt (₹ in Cr): | 225 |
Promoter’s Holding (%): | 43.9 |
*Data as on 19th July 2024
EV Stocks in India #14 – Ashok Leyland Ltd
Ashok Leyland has set up a UK-based subsidiary Switch Mobility. It is planning to invest $150-200 million in the next five years in the EV business. It is also planning to launch its first electric light commercial vehicle (e-LCV) in 2022 and has already secured orders for 2,000 EVs.
Key Financial Ratios of Ashok Leyland Ltd
Market Cap (₹ in Cr): | 67,053 |
Stock P/E: | 26.9 |
Book Value (₹): | 31 |
Dividend Yield (%): | 2.19 |
ROCE (%): | 15 |
ROE (%): | 28.4 |
Face Value (₹): | 1 |
EPS (₹): | 8.46 |
Debt to Equity: | 4.53 |
Revenue (₹ in Cr): | 45,791 |
Profit After Tax (₹ in Cr): | 2,489 |
Cash (₹ in Cr): | 7,080 |
Total Debt (₹ in Cr): | 40,802 |
Promoter’s Holding (%): | 51.4 |
*Data as on 19th July 2024
EV Stocks in India #15 – Minda Industries Ltd
Minda Industries manufactures automobile components for original equipment manufacturers (OEMs) in the EV sector. It has recently formed a joint venture with FRIWO AG, a German company that specialises in power supply devices and e-drive solutions. It is also planning to expand its alloy wheel business as the alloy segment will see a massive demand from OEMs in the EV segment.
Key Financial Ratios of Minda Industries Ltd
Market Cap (₹ in Cr): | 63,827 |
Stock P/E: | 74.1 |
Book Value (₹): | 86 |
Dividend Yield (%): | 0.17 |
ROCE (%): | 20 |
ROE (%): | 18.9 |
Face Value (₹): | 2 |
EPS (₹): | 15.30 |
Debt to Equity: | 0.35 |
Revenue (₹ in Cr): | 14,031 |
Profit After Tax (₹ in Cr): | 861 |
Cash (₹ in Cr): | 254 |
Total Debt (₹ in Cr): | 1,706 |
Promoter’s Holding (%): | 68.8 |
*Data as on 19th July 2024
EV Stocks in India #16 – Gujarat Fluorochemicals Ltd
Gujarat Fluorochemicals Ltd (GFCL) is focusing on producing batteries for electric vehicles. The company has set up a new subsidiary, GFCL EV products Ltd which will manufacture battery components and products for electric vehicles.
Key Financial Ratios of GFCL -
Market Cap (₹ in Cr): | 35,560 |
Stock P/E: | 81.7 |
Book Value (₹): | 540 |
Dividend Yield (%): | 0.12 |
ROCE (%): | 9.67 |
ROE (%): | 7.59 |
Face Value (₹): | 1 |
EPS (₹): | 39.60 |
Debt to Equity: | 0.35 |
Revenue (₹ in Cr): | 4,281 |
Profit After Tax (₹ in Cr): | 435 |
Cash (₹ in Cr): | 198 |
Total Debt (₹ in Cr): | 2,096 |
Promoter’s Holding (%): | 63.8 |
*Data as on 19th July 2024
EV Stocks in India #17 – Tata Chemicals Ltd
Tata Chemicals Ltd will play a key role in the growth of Tata Motors in the EV sector. The company’s primary business is producing chemical products. But it has signed a memorandum of understanding (MoU) with Indian Space Research Organisation (ISRO) for transferring lithium-ion cell technology, which is vital for EVs.
Key Financial Ratios of Tata Chemicals Ltd -
Market Cap (₹ in Cr): | |
Stock P/E: | |
Book Value (₹): | |
Dividend Yield (%): | |
ROCE (%): | |
ROE (%): | |
Face Value (₹): | |
EPS (₹): | |
Debt to Equity: | |
Revenue (₹ in Cr): | |
Profit After Tax (₹ in Cr): | |
Cash (₹ in Cr): | |
Total Debt (₹ in Cr): | |
Promoter’s Holding (%): |
*Data as on 19th July 2024
EV Stocks in India #18 – Grindwell Norton Ltd
Grindwell Norton Ltd is the leader in Indian abrasives sector. There is high demand for silicon carbide in EVs as they prevent loss of charge and ensures that EVs run longer. Companies such as Tesla Motors have shifted from silicon to silicon carbides. Grindwell Norton Ltd is a major supplier of silicon carbides to all leading EV manufacturers. So, this is one of those good EV stocks to keep in your radar.
Key Financial Ratios of Grindwell Norton Ltd -
Market Cap (₹ in Cr): | 31,880 |
Stock P/E: | 86.9 |
Book Value (₹): | 186 |
Dividend Yield (%): | 0.6 |
ROCE (%): | 24.6 |
ROE (%): | 19 |
Face Value (₹): | 5 |
EPS (₹): | 34.60 |
Debt to Equity: | 0.04 |
Revenue (₹ in Cr): | 2,687 |
Profit After Tax (₹ in Cr): | 367 |
Cash (₹ in Cr): | 213 |
Total Debt (₹ in Cr): | 83 |
Promoter’s Holding (%): | 58 |
*Data as on 19th July 2024
EV Stocks in India #19 – National Aluminium Company Ltd
Lithium batteries are a key component of EVs. And aluminium is a major alternative to the expensive steel used to produce EVs. NALCO is India’s leading aluminium company. It has also set up a joint venture with Hindustan Copper Ltd and Mineral Exploration Corporation Ltd to mine lithium from the ABC triangle – Argentina, Bolivia and Chile. If successful, NALCO can be one of the biggest EV stocks in the coming years.
Key Financial Ratios of National Aluminium Company Ltd -
Market Cap (₹ in Cr): | 37,302 |
Stock P/E: | 21.2 |
Book Value (₹): | 79 |
Dividend Yield (%): | 2.19 |
ROCE (%): | 17 |
ROE (%): | 12.7 |
Face Value (₹): | 5 |
EPS (₹): | 11.20 |
Debt to Equity: | 0.01 |
Revenue (₹ in Cr): | 13,149 |
Profit After Tax (₹ in Cr): | 1,762 |
Cash (₹ in Cr): | 2,575 |
Total Debt (₹ in Cr): | 96 |
Promoter’s Holding (%): | 51.3 |
*Data as on 19th July 2024
EV Stocks in India #20 – Carborundum Universal Ltd
Carborundum Universal Ltd also produces lithium batteries. It is in fact one of the only 10 companies which has received lithium ion battery technology from ISRO.
Key Financial Ratios of Carborundum Universal Ltd -
Market Cap (₹ in Cr): | 32,240 |
Stock P/E: | 69.9 |
Book Value (₹): | 164 |
Dividend Yield (%): | 0.23 |
ROCE (%): | 20.1 |
ROE (%): | 15.5 |
Face Value (₹): | 1 |
EPS (₹): | 24.20 |
Debt to Equity: | 0.05 |
Revenue (₹ in Cr): | 4,702 |
Profit After Tax (₹ in Cr): | 461 |
Cash (₹ in Cr): | 558 |
Total Debt (₹ in Cr): | 172 |
Promoter’s Holding (%): | 41.2 |
*Data as on 19th July 2024
EV Stocks in India #21 – KPIT Technologies Ltd
Smart Charging is the future of EVs. KPIT has developed Conformance test suite to facilitate communication between EV and Electric Vehicle Supply Equipment (EVSE). KPIT looks after the final EV system infrastructure production and development.
Key Financial Ratios of KPIT Technologies Ltd -
Market Cap (₹ in Cr): | 47,061 |
Stock P/E: | 79.4 |
Book Value (₹): | 78 |
Dividend Yield (%): | 0.24 |
ROCE (%): | 38.4 |
ROE (%): | 31.2 |
Face Value (₹): | 10 |
EPS (₹): | 21.70 |
Debt to Equity: | 0.15 |
Revenue (₹ in Cr): | 4,872 |
Profit After Tax (₹ in Cr): | 592 |
Cash (₹ in Cr): | 771 |
Total Debt (₹ in Cr): | 329 |
Promoter’s Holding (%): | 39.5 |
*Data as on 19th July 2024
EV Stocks in India #22 – Exide Industries Ltd.
Exide Industries Ltd is a leader in storage battery. It has already invested Rs 232 crores to set up a lithium ion battery facility called Exide Leclanche Energy. The company is now setting up the first lithium-ion battery cell manufacturing facility in India. As lithium is at the heart of EVs, Exide Industries Ltd has the potential to be a lucrative EV stock.
Key Financial Ratios of Exide Industries Ltd -
Market Cap (₹ in Cr): | 49,104 |
Stock P/E: | 57.9 |
Book Value (₹): | 152 |
Dividend Yield (%): | 0.34 |
ROCE (%): | 10.2 |
ROE (%): | 7.05 |
Face Value (₹): | 1 |
EPS (₹): | 10.30 |
Debt to Equity: | 0.09 |
Revenue (₹ in Cr): | 16,770 |
Profit After Tax (₹ in Cr): | 847 |
Cash (₹ in Cr): | 331 |
Total Debt (₹ in Cr): | 1,123 |
Promoter’s Holding (%): | 46 |
*Data as on 19th July 2024
EV Stocks in India #23 – Hindustan Copper Ltd
Electric Vehicles use four times more copper than traditional internal combustion engine. With mass production of EVs in the future, the demand for copper is expected to grow rapidly. And one of the biggest beneficiaries in this high copper demand will be Hindustan Copper Ltd.
Key Financial Ratios of Hindustan Copper Ltd -
Market Cap (₹ in Cr): | 33,599 |
Stock P/E: | 114 |
Book Value (₹): | 24 |
Dividend Yield (%): | 0.27 |
ROCE (%): | 18 |
ROE (%): | 13.5 |
Face Value (₹): | 5 |
EPS (₹): | 3.05 |
Debt to Equity: | 0.1 |
Revenue (₹ in Cr): | 1,717 |
Profit After Tax (₹ in Cr): | 295 |
Cash (₹ in Cr): | 74 |
Total Debt (₹ in Cr): | 222 |
Promoter’s Holding (%): | 66.1 |
*Data as on 19th July 2024
EV Stocks in India #24 – Power India Ltd
ABB Power Products and Systems India Ltd and Hitachi Energy India Ltd or Power India Ltd, has recently joined hands with Ashok Leyland to work on greener electric bus transport system in India. ABB has developed worlds fasted flash-charging technology to advance e-mobility and reduce carbon emissions.
Key Financial Ratios of Power India Ltd –
Market Cap (₹ in Cr): | 57,126 |
Stock P/E: | 349 |
Book Value (₹): | 321 |
Dividend Yield (%): | 0.03 |
ROCE (%): | 17.2 |
ROE (%): | 12.7 |
Face Value (₹): | 2 |
EPS (₹): | 38.60 |
Debt to Equity: | 0.16 |
Revenue (₹ in Cr): | 5,237 |
Profit After Tax (₹ in Cr): | 164 |
Cash (₹ in Cr): | 128 |
Total Debt (₹ in Cr): | 214 |
Promoter’s Holding (%): | 75 |
EV Stocks in India #25 – Amara Raja Batteries Ltd
Amara Raja Batteries Ltd is the second biggest automotive battery manufacturer in India. It is set to invest $800 million to $1 Billion to build a Gigafactory over the next five to eight years. The company has created India’s only technology hub to develop lithium-ion cells.
Key Financial Ratios of Amara Raja Batteries Ltd -
Market Cap (₹ in Cr): | 30,586 |
Stock P/E: | 32.7 |
Book Value (₹): | 371 |
Dividend Yield (%): | 0.59 |
ROCE (%): | 20.8 |
ROE (%): | 15.4 |
Face Value (₹): | 1 |
EPS (₹): | 51.00 |
Debt to Equity: | 0.02 |
Revenue (₹ in Cr): | 11,708 |
Profit After Tax (₹ in Cr): | 934 |
Cash (₹ in Cr): | 118 |
Total Debt (₹ in Cr): | 157 |
Promoter’s Holding (%): | 32.9 |
*Data as on 19th July 2024
EV Stocks in India #26 – Rattanindia Enterprises Ltd
Rattanindia Enterprises Ltd has a 150-crore strategic partnership with Revolt, which is a leader in electric motorcycles in India. Revolt has introduced India’s first artificial intelligence-enabled electric motorbike. While other companies are focusing on large EVs, Rattanindia enterprises is a promising EV stock in the motorbike sector.
Key Financial Ratios of Rattanindia Enterprises Ltd -
Market Cap (₹ in Cr): | 11,073 |
Stock P/E: | 23.5 |
Book Value (₹): | 6 |
Dividend Yield (%): | 0 |
ROCE (%): | 36 |
ROE (%): | 75.5 |
Face Value (₹): | 2 |
EPS (₹): | 3.08 |
Debt to Equity: | 1.41 |
Revenue (₹ in Cr): | 5,610 |
Profit After Tax (₹ in Cr): | 471 |
Cash (₹ in Cr): | 165 |
Total Debt (₹ in Cr): | 1,184 |
Promoter’s Holding (%): | 74.9 |
*Data as on 19th July 2024
EV Stocks in India #27 – Olectra Greentech Ltd
Olectra Greentech Ltd is India’s largest electric bus manufacturer. The company already has orders for 2,000 electric buses worth Rs 3,000 crores. Olectra is a market leader with 35-40% share in the growing electric bus market. This is way more than the market share of Ashok Leyland Ltd and Tata Motors.
Key Financial Ratios of Olectra Greentech Ltd -
Market Cap (₹ in Cr): | 15,668 |
Stock P/E: | 204 |
Book Value (₹): | 111 |
Dividend Yield (%): | 0.02 |
ROCE (%): | 14.8 |
ROE (%): | 8.76 |
Face Value (₹): | 4 |
EPS (₹): | 9.36 |
Debt to Equity: | 0.13 |
Revenue (₹ in Cr): | 1,154 |
Profit After Tax (₹ in Cr): | 77 |
Cash (₹ in Cr): | 175 |
Total Debt (₹ in Cr): | 121 |
Promoter’s Holding (%): | 50 |
*Data as on 19th July 2024
EV Stocks in India #28 – Polyplex Corporation Ltd
Polyplex Corporation Ltd is the seventh largest thin polyester producer in the world. It is extensively used in the electric vehicle industry. Polyester Film is one of the key products used in lithium-ion battery. Hence polyplex corporation ltd is an interesting EV stock to keep in your radar.
Key Financial Ratios of Polyplex Corporation Ltd -
Market Cap (₹ in Cr): | 3,359 |
Stock P/E: | 88.8 |
Book Value (₹): | 1,118 |
Dividend Yield (%): | 2.1 |
ROCE (%): | 1.8 |
ROE (%): | 1.08 |
Face Value (₹): | 10 |
EPS (₹): | 12.00 |
Debt to Equity: | 0.21 |
Revenue (₹ in Cr): | 6,307 |
Profit After Tax (₹ in Cr): | 38 |
Cash (₹ in Cr): | 706 |
Total Debt (₹ in Cr): | 748 |
Promoter’s Holding (%): | 26.7 |
*Data as on 19th July 2024
EV Stocks in India #29 – Suprajit Engineering Ltd
Suprajit Engineering Ltd is the largest manufacturers of automotive cables in India. As per industry experts, there will be no reduction in the number of cables required for four-wheeler electric vehicles which is a good sign for the company.
Key Financial Ratios of Suprajit Engineering Ltd -
Market Cap (₹ in Cr): | 7,263 |
Stock P/E: | 43.4 |
Book Value (₹): | 98 |
Dividend Yield (%): | 0.44 |
ROCE (%): | 13.9 |
ROE (%): | 12.9 |
Face Value (₹): | 1 |
EPS (₹): | 12.10 |
Debt to Equity: | 0.52 |
Revenue (₹ in Cr): | 2,896 |
Profit After Tax (₹ in Cr): | 167 |
Cash (₹ in Cr): | 119 |
Total Debt (₹ in Cr): | 708 |
Promoter’s Holding (%): | 44.6 |
*Data as on 19th July 2024
EV Stocks in India #30 – Tatva Chintan Pharma Chem Ltd
This EV stock is a dominant player which manufactures electrolyte salts for supercapacitor batteries. These are high storage energy storage devices which are useful in EV hybrid vehicles. The company has also developed products in auto emission controls and environmental emission control areas.
Key Financial Ratios of Tata Chintan Pharma Chem Ltd -
Market Cap (₹ in Cr): | 2,749 |
Stock P/E: | 90.6 |
Book Value (₹): | 315 |
Dividend Yield (%): | 0.17 |
ROCE (%): | 6.97 |
ROE (%): | 4.85 |
Face Value (₹): | 10 |
EPS (₹): | 13.00 |
Debt to Equity: | 0.02 |
Revenue (₹ in Cr): | 394 |
Profit After Tax (₹ in Cr): | 30 |
Cash (₹ in Cr): | 38 |
Total Debt (₹ in Cr): | 14 |
Promoter’s Holding (%): | 72 |
*Data as on 19th July 2024
EV Stocks in India #31 – Jindal Poly Films Ltd
Jindal Poly Films is also one of the top manufacturers of thin polyester which is used in electric vehicles. Key financial ratios of the company are as follows -
Market Cap (₹ in Cr): | 3,468 |
Stock P/E: | 48.5 |
Book Value (₹): | 972 |
Dividend Yield (%): | 0.54 |
ROCE (%): | 2.78 |
ROE (%): | 1.69 |
Face Value (₹): | 10 |
EPS (₹): | 16.30 |
Debt to Equity: | 1.05 |
Revenue (₹ in Cr): | 3,926 |
Profit After Tax (₹ in Cr): | 72 |
Cash (₹ in Cr): | 116 |
Total Debt (₹ in Cr): | 4,468 |
Promoter’s Holding (%): | 74.6 |
*Data as on 19th July 2024
EV Stocks in India #32 – JBM Auto Ltd
JBM Auto Ltd was the first company to launch 100% electric buses in India. It is one of the biggest manufacturers of electric buses in India. The company is also in EV charging solution space. It provides key systems and assemblies to automotive OEMs.
Key Financial Ratios of JBM Auto Ltd -
Market Cap (₹ in Cr): | 27,043 |
Stock P/E: | 151 |
Book Value (₹): | 99 |
Dividend Yield (%): | 0.06 |
ROCE (%): | 14.6 |
ROE (%): | 16.3 |
Face Value (₹): | 2 |
EPS (₹): | 15.10 |
Debt to Equity: | 1.82 |
Revenue (₹ in Cr): | 5,009 |
Profit After Tax (₹ in Cr): | 179 |
Cash (₹ in Cr): | 67 |
Total Debt (₹ in Cr): | 2,127 |
Promoter’s Holding (%): | 67.5 |
*Data as on 19th July 2024
EV Stocks in India #33 – Uflex Ltd
The company is active in the automotive industry and agricultural machinery involved in the production of flexible mechanical systems of remote control.
Key Financial Ratios of Uflex Ltd -
Market Cap (₹ in Cr): | 4,113 |
Stock P/E: | 108 |
Book Value (₹): | 1,001 |
Dividend Yield (%): | 0.53 |
ROCE (%): | 6.27 |
ROE (%): | 0.51 |
Face Value (₹): | 10 |
EPS (₹): | -95.70 |
Debt to Equity: | 0.96 |
Revenue (₹ in Cr): | 13,364 |
Profit After Tax (₹ in Cr): | -691 |
Cash (₹ in Cr): | 1,073 |
Total Debt (₹ in Cr): | 6,947 |
Promoter’s Holding (%): | 44.6 |
*Data as on 19th July 2024
EV Stocks in India #34 - Greaves Cotton Ltd
Greaves Cotton Ltd is the largest supplier of engines to two and three wheelers in India. It is planning to invest Rs 700 crores in the EV sector in the next 10 years via its subsidiary – Greaves Electric Mobility.
Key Financial Ratios of Greaves Cotton Ltd -
Market Cap (₹ in Cr): | 3,988 |
Stock P/E: | |
Book Value (₹): | 62 |
Dividend Yield (%): | 1.13 |
ROCE (%): | 3.78 |
ROE (%): | 3.23 |
Face Value (₹): | 2 |
EPS (₹): | 5.83 |
Debt to Equity: | 0.06 |
Revenue (₹ in Cr): | 2,633 |
Profit After Tax (₹ in Cr): | 49 |
Cash (₹ in Cr): | 314 |
Total Debt (₹ in Cr): | 81 |
Promoter’s Holding (%): | 56 |
*Data as on 19th July 2024
EV Stocks in India #35 - Cosmo Films Ltd
Market Cap (₹ in Cr): | 2,315 |
Stock P/E: | 37.2 |
Book Value (₹): | 513 |
Dividend Yield (%): | 0.56 |
ROCE (%): | 6.99 |
ROE (%): | 4.7 |
Face Value (₹): | 10 |
EPS (₹): | 23.70 |
Debt to Equity: | 0.78 |
Revenue (₹ in Cr): | 2,587 |
Profit After Tax (₹ in Cr): | 62 |
Cash (₹ in Cr): | 35 |
Total Debt (₹ in Cr): | 1,048 |
Promoter’s Holding (%): | 45 |
*Data as on 19th July 2024
EV Stocks in India #36 - Gabriel India Ltd
Gabriel India Ltd provides a wide range of ride controls including shock absorbers, front forks etc. The company has orders from automobile giants like TVS, Yamaha, Maruti Suzuki and even Ola Electric in its kitty.
Key Financial Ratios of Gabriel India Ltd -
Market Cap (₹ in Cr): | 7,181 |
Stock P/E: | 38.8 |
Book Value (₹): | 70 |
Dividend Yield (%): | 0.51 |
ROCE (%): | 26.9 |
ROE (%): | 19.7 |
Face Value (₹): | 1 |
EPS (₹): | 12.90 |
Debt to Equity: | 0.01 |
Revenue (₹ in Cr): | 3,343 |
Profit After Tax (₹ in Cr): | 185 |
Cash (₹ in Cr): | 73 |
Total Debt (₹ in Cr): | 10 |
Promoter’s Holding (%): | 55 |
*Data as on 19th July 2024
EV Stocks in India #37 - Wardwizard Innovations & Mobility Ltd
Wardwizard innovations and mobility Ltd is the first electric vehicle company to be listed on the Bombay Stock Exchange (BSE). Their first electric vehicle is the Joy e-bike. The company has signed a MoU with the Gujarat government to invest Rs 500 crores to promote EVs in Gujarat.
Key Financial Ratios of Wardwizard Innovations & Mobility Ltd -
Market Cap (₹ in Cr): | 1,527 |
Stock P/E: | 114 |
Book Value (₹): | 4 |
Dividend Yield (%): | 0.17 |
ROCE (%): | 17.4 |
ROE (%): | 14.2 |
Face Value (₹): | 1 |
EPS (₹): | 0.52 |
Debt to Equity: | 0.84 |
Revenue (₹ in Cr): | 321 |
Profit After Tax (₹ in Cr): | 13 |
Cash (₹ in Cr): | 5 |
Total Debt (₹ in Cr): | 85 |
Promoter’s Holding (%): | 67.5 |
*Data as on 19th July 2024
EV Stocks in India #38 - Time Technoplast Ltd
Time Technoplast Ltd manufactures value-added plastic auto components. It manufactures anti-spray 3S rain flaps, radiator coolant tanks, fuel tanks, airducts etc. The company also expects to see major growth in their battery segment with the growth in the production of EVs.
Key Financial Ratios of Time Technoplast Ltd -
Market Cap (₹ in Cr): | 7,534 |
Stock P/E: | 24.2 |
Book Value (₹): | 112 |
Dividend Yield (%): | 0.39 |
ROCE (%): | 16 |
ROE (%): | 12.9 |
Face Value (₹): | 1 |
EPS (₹): | 13.70 |
Debt to Equity: | 0.32 |
Revenue (₹ in Cr): | 4,992 |
Profit After Tax (₹ in Cr): | 310 |
Cash (₹ in Cr): | 153 |
Total Debt (₹ in Cr): | 829 |
Promoter’s Holding (%): | 51.6 |
*Data as on 19th July 2024
EV Stocks in India #39 - Expleo Solutions Ltd
Expleo Solutions Ltd is a key enabler of new e-mobility solutions including – energy storage systems, battery management, inverter, hybrid engine management systems etc.
Key Financial Ratios of Expleo Solutions Ltd -
Market Cap (₹ in Cr): | 1,950 |
Stock P/E: | 21.6 |
Book Value (₹): | 394 |
Dividend Yield (%): | 0.4 |
ROCE (%): | 20.5 |
ROE (%): | 15.8 |
Face Value (₹): | 10 |
EPS (₹): | 58.30 |
Debt to Equity: | 0.04 |
Revenue (₹ in Cr): | 965 |
Profit After Tax (₹ in Cr): | 90 |
Cash (₹ in Cr): | 184 |
Total Debt (₹ in Cr): | 26 |
Promoter’s Holding (%): | 71 |
*Data as on 19th July 2024
EV Stocks in India #40 - Fiem Industries Ltd
Fiem Industries Ltd is one such EV stock which is on everyone’s radar. The company is the sole supplier to Ola Electric for head lamps, tail lamps, indicators, and other components.
Key Financial Ratios of Fiem Industries Ltd -
Market Cap (₹ in Cr): | 3,514 |
Stock P/E: | 21.2 |
Book Value (₹): | 337 |
Dividend Yield (%): | 1.49 |
ROCE (%): | 26.7 |
ROE (%): | 20.1 |
Face Value (₹): | 10 |
EPS (₹): | 63.00 |
Debt to Equity: | 0.03 |
Revenue (₹ in Cr): | 2,029 |
Profit After Tax (₹ in Cr): | 166 |
Cash (₹ in Cr): | 206 |
Total Debt (₹ in Cr): | 23 |
Promoter’s Holding (%): | 66.6 |
*Data as on 19th July 2024
EV Stocks in India #41 - Kabra Extrusion Technik Ltd
Kabra Extrusion Technik Ltd is India’s leading manufacturer of plastic extrusion machinery. It’s battery division Battrixx has a tie up with Wardwizard Innovations and Mobility to supply battery packs for Joy e-bike. Battrixx offers light weight, high energy, low maintenance battery to power EVs.
Key Financial Ratios of Kabra Extrusion Technik Ltd -
Market Cap (₹ in Cr): | 1,421 |
Stock P/E: | 44.9 |
Book Value (₹): | 129 |
Dividend Yield (%): | 0.87 |
ROCE (%): | 10.4 |
ROE (%): | 7.58 |
Face Value (₹): | 5 |
EPS (₹): | 9.06 |
Debt to Equity: | 0.19 |
Revenue (₹ in Cr): | 608 |
Profit After Tax (₹ in Cr): | 32 |
Cash (₹ in Cr): | 45 |
Total Debt (₹ in Cr): | 86 |
Promoter’s Holding (%): | 60.2 |
*Data as on 19th July 2024
EV Stocks in India #42 - Visaka Industries Ltd
Visaka Industries Ltd has plans to set up 10 self-sustaining solar powered electric vehicle charging stations called ATUMCharge to support electric cars, bikes and scooters. The company has also set up retail stores called ATUMLife. It will produce eco-friendly green products like solar roof, EVs etc.
Key Financial Ratios of Visaka Industries Ltd -
Market Cap (₹ in Cr): | 973 |
Stock P/E: | 1131 |
Book Value (₹): | 87 |
Dividend Yield (%): | 0.44 |
ROCE (%): | 3.23 |
ROE (%): | 0.11 |
Face Value (₹): | 2 |
EPS (₹): | 0.10 |
Debt to Equity: | 0.71 |
Revenue (₹ in Cr): | 1,527 |
Profit After Tax (₹ in Cr): | 1 |
Cash (₹ in Cr): | 40 |
Total Debt (₹ in Cr): | 538 |
Promoter’s Holding (%): | 48.4 |
*Data as on 19th July 2024
EV Stocks in India #43 - Pix Transmission Ltd
Pix Transmission Ltd is a leading manufacturer of belts for the automotive sector. Its rubber cover belts have longer longevity than its competitors.
Key Financial Ratios of Pix Transmission Ltd -
Market Cap (₹ in Cr): | 1,882 |
Stock P/E: | 22.7 |
Book Value (₹): | 362 |
Dividend Yield (%): | 0.49 |
ROCE (%): | 22.6 |
ROE (%): | 18.2 |
Face Value (₹): | 10 |
EPS (₹): | 60.90 |
Debt to Equity: | 0.09 |
Revenue (₹ in Cr): | 493 |
Profit After Tax (₹ in Cr): | 83 |
Cash (₹ in Cr): | 56 |
Total Debt (₹ in Cr): | 44 |
Promoter’s Holding (%): | 61.8 |
*Data as on 19th July 2024
EV Stocks in India #44 - SML Isuzu Ltd
SML Isuzu Ltd, is one of India’s largest manufacturers of small buses and trucks. The company is working with the Punjab government to manufacture electric buses.
Key Financial Ratios of SML Isuzu Ltd -
Market Cap (₹ in Cr): | 3,013 |
Stock P/E: | 27.9 |
Book Value (₹): | 197 |
Dividend Yield (%): | 0 |
ROCE (%): | 23.8 |
ROE (%): | 46.6 |
Face Value (₹): | 10 |
EPS (₹): | 74.60 |
Debt to Equity: | 1.48 |
Revenue (₹ in Cr): | 2,196 |
Profit After Tax (₹ in Cr): | 108 |
Cash (₹ in Cr): | 49 |
Total Debt (₹ in Cr): | 421 |
Promoter’s Holding (%): | 44 |
*Data as on 19th July 2024
For your ease, we have divided the list of EV stocks based on the following parameters –
- EV stocks in commercial vehicles sector
- EV stocks in two, three and four-wheeler sector
- EV Battery stocks
- EV charging infrastructure stocks
- EV chemical stocks
- EV Auto Ancillary stocks
- EV Commodities stocks
- EV Software stocks
- EV thin polyester stocks
Let us look at EV stocks of India in each of these individual categories and their last one-year return.
EV stocks of India in commercial vehicles sector
Commercial Vehicles | Market Capitalisation | 1-Year Return |
Tata Motors Ltd | 372,664 | 64.05% |
Olectra Greentech Ltd | 15,668 | 54.63% |
JBM Auto Ltd | 27,043 | 70.38% |
Ashok Leyland Ltd | 67,053 | 39.46% |
SML Isuzu Ltd | 3,013 | 97.04% |
Mahindra & Mahindra Ltd | 363,079 | 86.37% |
EV stocks of India in two, three and four-wheeler sector
Two/Three/Four Wheelers | Market Capitalisation | 1-Year Return |
TVS Motor Company Ltd | 115,449 | 83.96% |
Bajaj Auto Ltd | 266,477 | 97.48% |
Hero MotoCorp Ltd | 111,734 | 77.37% |
Greaves Cotton Ltd | 3,988 | 25.65% |
Rattanindia Enterprises Ltd | 11,073 | 101.75% |
Wardwizard Innovations & Mobility Ltd | 1,527 | 34.95% |
EV Battery stocks in India
Battery Makers | Market Capitalisation | 1-Year Return |
Amara Raja Batteries Ltd | 30,586 | 138.64% |
Exide Industries Ltd | 49,104 | 133.10% |
Kabra Extrusion Technik Ltd | 1,421 | -10.31% |
Carborundum Universal Ltd | 32,240 | 42.14% |
EV charging infrastructure stocks in India
EV Charging Infrastructure | Market Capitalisation | 1-Year Return |
Tata Power Company Ltd | 140,243 | 92.54% |
Indian Oil Corporation Ltd | 242,391 | 73.19% |
Bharat Petroleum Corporation Ltd | 130,285 | 53.30% |
Reliance Industries Ltd | 2,148,585 | 20.61% |
Visaka Industries Ltd | 973 | 32.53% |
Expleo Solutions Ltd | 1,950 | -18.87% |
EV chemical stocks in India
Chemicals | Market Capitalisation | 1-Year Return |
Tata Chemicals Ltd | 27,629 | 8.29% |
Gujarat Fluorochemicals Ltd | 35,560 | 13.11% |
Tatva Chintan Pharma Chem Ltd | 2,749 | -34.32% |
EV Auto Ancillary stocks in India
Auto Ancillaries & Automotive parts | Market Capitalisation | 1-Year Return |
Suprajit Engineering Ltd | 7,263 | 22.10% |
UNO Minda Ltd | 63,827 | 94.88% |
Fiem Industries Ltd | 3,514 | 49.83% |
Sona BLW Precision Forgings Ltd | 39,879 | 26.84% |
Gabriel India Ltd | 7,181 | 144.92% |
Uflex Ltd | 4,113 | 31.10% |
Pix Transmission Ltd | 1,882 | 46.14% |
Time Technoplast Ltd | 7,534 | 160.15% |
EV Commodities stocks in India
Commodities | Market Capitalisation | 1-Year Return |
National Aluminium Company Ltd | 37,302 | 144.87% |
Hindustan Copper Ltd | 33,599 | 191.00% |
Hindalco Industries Ltd | 159,564 | 68.00% |
Grindwell Norton Ltd | 31,880 | 31.36% |
EV Software stocks in India
Software | Market Capitalisation | 1-Year Return |
Tata Elxsi Limited | 43,780 | -6.58% |
KPIT Technologies Ltd | 47,061 | 59.07% |
L&T Technology Services Ltd | 53.631 | 28.88% |
Hitachi Energy India Ltd | 57,126 | 216.76% |
EV thin polyester stocks
Thin Polyester Manufacturers | Market Capitalisation | 1-Year Return |
Jindal Poly Films Ltd | 3,468 | 19.35% |
Cosmo Films Ltd | 2,315 | 32.96% |
Polyplex Corporation Ltd | 3,359 | -19.71% |
India’s transport minister Nitin Gadkari has set a target of 30% electric vehicle sales by 2030. The plan is to have 30% of private cars, 70% of commercial vehicles, 40% of buses and 80% of two and three-wheelers go electric by 2030. With such colossal investments, it would be silly of us to discard EV as one of the most popular money-making opportunities in the market. If you too are bullish on EV stocks and want to invest in them for the long-term, then open a Demat account with India’s best stock broker Samco Securities.
Disclaimer: INVESTMENT IN SECURITIES MARKET ARE SUBJECT TO MARKET RISKS, READ ALL THE RELATED DOCUMENTS CAREFULLY BEFORE INVESTING. The asset classes and securities quoted in the film are exemplary and are not recommendatory. SAMCO Securities Limited (Formerly known as Samruddhi Stock Brokers Limited): BSE: 935 | NSE: 12135 | MSEI- 31600 | SEBI Reg. No.: INZ000002535 | AMFI Reg. No. 120121 | Depository Participant: CDSL: IN-DP-CDSL-443-2008 CIN No.: U67120MH2004PLC146183 | SAMCO Commodities Limited (Formerly known as Samruddhi Tradecom India Limited) | MCX- 55190 | SEBI Reg. No.: INZ000013932 Registered Address: Samco Securities Limited, 1004 - A, 10th Floor, Naman Midtown - A Wing, Senapati Bapat Marg, Prabhadevi, Mumbai - 400 013, Maharashtra, India. For any complaints Email - grievances@samco.in Research Analysts -SEBI Reg.No.-INHO0O0005847
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