Top Multibagger Stocks in India (2025): List of Multibagger Shares

Multibagger stocks are stocks that have the potential to multiply in value many times over the course of several years. For example, a stock that goes from Rs. 10 per share to Rs. 100 per share would be considered a 10-bagger. Some stocks have even higher growth potential, with the potential to become 20-baggers, 50-baggers, or even 100-baggers. So, any stock that observes a multi-fold growth can be considered a multibagger stock. In this article, we will discuss what are multibagger stocks, provide an overview of the best multibagger stocks in India for 2025, and explain how to invest in these multibagger shares.

Best Multibagger Stocks in India for 2025

Here is the list of best multibagger stocks for 2025 sorted according to their 5Y CAGR:

Disclaimer: Please note that the above table is for educational purposes only, and is not recommendatory. Please do your own research or consult your financial advisor before investing. The data is derived from Tickertape Stock Screener and is subject to real-time updates.

Note: The data in the list of multibagger stocks is dynamic and subject to real-time changes. This data is derived from Tickertape Stock Screener using the following parameters:

• Stock Universe: Nifty 500
• Close Price: Rs. 50 and above. 
• 5Y CAGR: 50% or more, sorted from highest to lowest. 
• Net Income: Positive

🚀 Pro Tip: You can use Tickertape’s Stocks Screener to research and evaluate stocks with over 200+ filters and parameters.

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Overview of Top Multibagger Stocks in India

Here is the overview of the shares on our list of the best multibagger stocks for 2025 in India:

Lloyds Metals and Energy Ltd

Lloyds Metals and Energy Ltd, established in 1977, operates primarily in the iron and steel sector. The company focuses on mining, steel production, and energy generation. It plays a significant role in supplying steel products to various sectors like infrastructure and construction. 

PTC Industries Ltd

PTC Industries Ltd, founded in 1963, is a specialised manufacturing company involved in producing advanced engineering components, primarily for sectors such as aerospace, defence, and power. The company operates in the iron and steel sub-sector. 

CG Power and Industrial Solutions Ltd

CG Power and Industrial Solutions Ltd, originally known as Crompton Greaves, was established in 1937. The company manufactures electrical equipment such as transformers and switchgear, serving sectors like power, mining, and oil and gas.

Elecon Engineering Company Ltd

Elecon Engineering Company Ltd, founded in 1951, is a leader in the design and manufacturing of heavy electrical equipment. The company produces gearboxes and material handling equipment for industries such as cement, mining, and steel. 

Jupiter Wagons Ltd

Established in 1979, Jupiter Wagons Ltd specialises in manufacturing railway wagons and other equipment for rail freight operations. It is a key supplier to Indian Railways and several international markets. 

When conducting a multibagger stock analysis, it becomes clear that each company has unique strengths. Remember to conduct your own research on the best multibagger stocks before making any investment decisions.

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Investing in Multibagger Stocks in India with smallcase

You can invest in multibagger stock portfolios via smallcase too! Go to the smallcase website or the app, go to the ‘Discover’ section and search for the ‘Multibagger’ keyword. You’ll get a plethora of small cases to choose from, and you can pick the one that fits your investment criteria.
Investing in Indian multibagger stocks or multibagger penny stocks using smallcase’s readymade portfolios is a convenient and hassle-free way to gain exposure to this sector. smallcases provide a diversified portfolio of stocks, reducing the risk of investing in a single stock, and are managed by professionals with expertise in this field. However, doing your own research and due diligence is important before investing in any smallcase or stock. Here are a few smallcases for investors interested in these stocks:

Multibagger Framework: This smallcase, managed by Tequity Investing, is a diversified portfolio of 35-40 micro-cap and small-cap stocks. This portfolio is inspired by Chris Mayer’s book ‘100 baggers’. It is a wonderful book which highlights the importance of holding on to your winning stocks. He aptly says ‘Every hundred bagger goes through a phase when it appears super expensive!’

Multibagger framework smallcase by Tequity Investing

Disclosure for the Multibagger Framework smallcase.

Here are a few popular smallcases among new investors:

What are Multibagger Stocks?

The term “multibagger” was coined by well-known investor Peter Lynch in One Up on Wall Street to describe equity shares of a firm that may provide returns multiple times greater than their related cost of acquisition. Multibagger stocks NSE yield returns significantly surpassing their acquisition cost. These shares indicate a company’s substantial growth potential, effective management, and advanced production techniques. 

How to Invest in Multibagger Stocks?

Here is how one can invest in multibagger stocks in NSE in India:

1. Open a demat/trading/stockbroker account. You can open a demat account with smallcase!

2. Conduct thorough research into the Indian multibagger stocks that are of interest to you. Investors can use tools like the Tickertape Stock Screener to do this. The screener offers 200+ built-in filters to choose from, and investors can choose the parameters to research. 

3. Place a ‘Buy’ Order on the multibagger stocks of your choosing. 

Note: Investors should conduct thorough research and consult a financial advisor before investing in shares of leading multibagger companies in India.

Why Invest in Multibagger Stocks in India?

Multibagger stocks are shares capable of multiplying several times over; a ten-bagger, for instance, can turn ₹200 into ₹2,000. Buying fundamentally strong companies—sometimes even quality penny stocks—early in their growth cycle positions investors to capture such outsized gains. Real benefits come from holding the shares long enough for the company to reinvest listing proceeds into research, development and production, driving sales and profits. Tracking a well-researched multibagger watch-list for 2025 and beyond can therefore support meaningful, long-term capital appreciation.

How to Find Multibagger Stocks For Investments in 2025?

1. Understand industry trends: Investors can focus on sectors poised for growth in the multibagger stock forecast, such as electric vehicle mobility, when researching high return multibagger stocks or multibagger small cap stocks.
2. Assess the company’s product portfolio: You may look for upcoming multibagger stocks in India with strong competitive advantages and evolving product lines.
3. Evaluate debt levels: Lower debt-to-equity ratios indicate financial stability. This is crucial for looking for sustained growth while researching multibagger stocks or multibagger dividend stocks for long-term.
4. Analyse earnings and multibagger stock valuation: Growing earnings per share (EPS) and undervalued stocks can signal future multibagger potential.
5. Investigate management and promoter holding: A competent management team and high promoter holding indicate confidence in the company’s prospects.

Features of Multibagger Stocks

• Robust Fundamentals: Strong financials marked by consistent revenue growth, rising profit margins, and manageable debt levels.
• Market Dominance: Leaders with competitive advantages such as brand strength, economies of scale, or proprietary assets.
• Innovative Disruption: Companies with breakthrough products, technologies, or disruptive models often become next-gen multibagger stocks.
• Scalability: Businesses that can grow revenue without proportional cost increases, common in top mid-cap multibagger stocks.
• Expansive Market: Multibagger infrastructure stocks operating in large, high-growth sectors are more likely to deliver multibagger returns.
• Advanced R&D: Significant R&D spending, especially by startups with unique offerings, drives potential among small-cap multibagger stocks.
• High Growth Metrics: High EPS, low debt-to-equity, and strong PEG ratios in multibagger energy stocks signal efficient financial multibagger stock performance and investment potential.

Risks Associated With Multibagger Stocks

Investing in even the top multibagger stocks in India carries a number of risks, including:

1. Volatility: Multibagger stocks in India can be highly volatile, meaning the multibagger share price can fluctuate widely over short periods. This volatility in multibagger technology stocks can be especially pronounced in the early stages of a company’s multibagger stock growth, when investors may be uncertain about its prospects.
2. Limited liquidity: Many of the top multibagger stocks in India are small-cap or mid-cap companies, which can make them less liquid than larger, more established companies. This means that it may be more difficult to buy or sell multibagger stock at the right price.
3. Risk of failure: Not all multibagger stocks that appear to have strong growth potential will succeed in the long term. Investing in future multibagger stocks carries the risk that the company may fail to live up to its potential, either due to competition, changing market conditions, or other factors.

Investors should always be mindful of their multibagger stock investment goals and risk appetite before purchasing any potential multibagger stocks. Thorough research of the market conditions and stock performance is essential before investing.

Advantages of Investing in Multibagger Stocks

While investing in the best multibaggers In India can be risky, they also offer the potential for significant multibagger stock returns over the long term. Here are some reasons why you should explore multibagger stocks india:

1. Higher returns: Multibagger shares and multibagger manufacturing stocks have the potential to generate significantly higher returns than regular stocks. With the right investment strategy and a long-term perspective, you could potentially earn returns of 2x, 5x, or even 10x your initial investment.
2. Diversification: The best multibagger stock picks in India can help you diversify your investment portfolio. Investing in a mix of the best multibagger stocks for long-term across different industries and sectors can help spread out your risk and potentially increase your overall returns.
3. Long-term growth: Multibagger shares are typically associated with companies that have strong fundamentals, innovative products, and a proven track record of growth. By investing in these potential multibagger stocks and multibagger financial stocks, you’re essentially buying into the future potential of a company.
4. Compound returns: Over time, the returns from the best multibagger shares can compound significant, including best multibagger stocks for short-term. The higher the multibagger share price, the higher the return. This compounding effect can help grow your investment portfolio exponentially.

Factors to Consider Before Investing in Multibagger Stocks

Investing in these stocks in India, including penny stocks with strong fundamentals, involves carefully considering various factors to make informed decisions. Understanding the following key aspects is crucial before venturing into this high-reward, high-risk territory:

• Company Fundamentals: You can evaluate the company’s financial health, management expertise, and growth prospects. Robust fundamentals provide a solid foundation for potential multi bagger stocks or multibagger mid cap stocks and their returns. 
• Industry Trends: It can be helpful to analyse the industry’s current and future trends. Investing in sectors with long-term growth potential enhances the chances of identifying multibagger opportunities.
• Market Conditions: Bullish markets often favour long term multi bagger stock in India with strong fundamentals, while bearish trends may pose challenges. When analysing the multibagger share price today, it’s important to consider the broader market trends and company fundamentals.
• Business Moat: Look for the top multibagger stocks in India, including multibagger large cap stocks, with a competitive advantage or a strong economic moat. Sustainable competitive edges can contribute to prolonged growth.
• Risk Tolerance: Assess your risk tolerance carefully. Multibagger stocks can be volatile, and understanding your risk appetite is essential to weather market fluctuations, especially when considering shares termed as ‘multibaggers’ by experts.

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To Wrap It Up…

Now that you know the meaning of multibagger stocks, it’s important to stay focused on your long-term goals and avoid getting caught up in short-term market fluctuations. Multibagger stocks often have high growth potential, and it is important to be patient when making these multibagger stock opportunities.  Investors should consider all fundamentals and research thoroughly before investing in the best multibagger stocks for 2025.

Frequently Asked Questions About Multibagger Stocks

Stocks Under Budget

If you are looking for stocks under a particular price range, here’s the collection of stocks under a specifc budget:

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