Last Updated on Mar 19, 2025 by Nikita Malik
There are various factors that define a company’s financial and market position, such as revenue, assets, profitability score, red flags, and more. One such factor is market capitalisation. It is a measurement of the market value of the company. In this article, let’s look at India’s top companies by market cap and learn about market capitalisation, its types and more.
Table of Contents
Top 10 Companies in India by Market Cap – Updated March 2025
| Name | Ticker | Sub-Sector | Market Cap | Close Price | PE Ratio | 5Y CAGR | Fundamental Score | 5Y Avg EBITDA Margin | Dividend Yield |
| Reliance Industries Ltd | RELIANCE | Oil & Gas – Refining & Marketing | 1661031.111 | 1227.45 | 23.85819094 | 12.45144335 | 7.714285714 | 18.23513156 | 0.407343003 |
| Tata Consultancy Services Ltd | TCS | IT Services & Consulting | 1369120.498 | 3784.1 | 29.82313535 | 11.49418346 | 5.65 | 28.40897627 | 1.929124495 |
| HDFC Bank Ltd | HDFCBANK | Private Banks | 1321424.592 | 1727.2 | 20.62726369 | 7.074352434 | 5.666129032 | 27.44783773 | 1.121061004 |
| Bharti Airtel Ltd | BHARTIARTL | Telecom Services | 984483.1201 | 1645.2 | 131.844532 | 25.26597928 | 7.066666667 | 37.22246167 | 0.459537555 |
| ICICI Bank Ltd | ICICIBANK | Private Banks | 891097.5635 | 1261.65 | 20.13489498 | 18.28791006 | 5.503225806 | 20.96351222 | 0.788084495 |
| Infosys Ltd | INFY | IT Services & Consulting | 750132.3492 | 1810.8 | 28.59498911 | 17.73545198 | 5.684615385 | 26.92732596 | 2.538721726 |
| State Bank of India | SBIN | Public Banks | 649087.6151 | 727.3 | 9.675650318 | 17.81966182 | 5.488709677 | 12.9073618 | 1.883677568 |
| Hindustan Unilever Ltd | HINDUNILVR | FMCG – Household Products | 528752.0176 | 2250.4 | 51.45003577 | -0.366970283 | 6.455555556 | 24.67173682 | 1.866334874 |
| Bajaj Finance Ltd | BAJFINANCE | Consumer Finance | 522638.0866 | 8439.45 | 36.16579741 | 11.58699425 | 5.895652174 | 31.76117777 | 0.425692047 |
| ITC Ltd | ITC | FMCG – Tobacco | 508507.1669 | 406.4 | 24.8552048 | 15.7559163 | 6.666666667 | 38.64347278 | 3.375854583 |
Note: The data listed here are taken from Tickertape Stock Screener. The stocks are listed based on the market cap (from high to low) as of 1st March 2025.
Fundamental Score: It is a smallcase proprietary score between 1 and 10 assigned to stocks listed on the NSE. The score helps rank the stock over other stocks in the respective sector. The higher the score, the better the company. The score is calculated considering factors like valuation, profitability, market share growth, financial health and earnings growth of the company.
Details of the Top 10 Listed Companies in India by Market Cap
Reliance Industries Ltd (RIL)
A conglomerate with diversified businesses, including petrochemicals, refining, oil & gas exploration, retail, and digital services (Jio). With a market capitalisation of Rs. 16,61,031 cr. and a P/E ratio of 23.86, RIL has delivered a 5-yr CAGR of 12.45%. The company maintains a 5-yr average EBITDA margin of 18.24% and offers a dividend yield of 0.41%. Known for its substantial market presence and innovation-driven growth, RIL remains India’s most valuable company.
Tata Consultancy Services Ltd
A global leader in IT services, consulting, and business solutions, TCS is part of the Tata Group and has a market cap of Rs. 13,69,120 cr. Trading at Rs. 3,784.10 with a P/E ratio of 29.82, TCS has achieved a 5-yr CAGR of 11.49%. The company boasts an impressive 5-yr average EBITDA margin of 28.41% and offers a dividend yield of 1.93%. TCS is known for its extensive client base, digital transformation expertise, and consistent financial performance.
HDFC Bank Ltd
A leading private sector bank in India with a market capitalisation of Rs. 13,21,425 cr. HDFC Bank trades at Rs. 1,727.20 with a P/E ratio of 20.63 and has delivered a 5-yr CAGR of 7.07%. With a 5-yr average EBITDA margin of 27.45% and a dividend yield of 1.12%, the bank is renowned for its wide range of financial products and services, technological advancements, and customer-centric approach.
Bharti Airtel Ltd
A global telecommunications company offering mobile services, broadband, digital TV, and enterprise solutions, with a strong presence in India, South Asia, and Africa. Valued at Rs. 9,84,483 cr., Airtel trades at Rs. 1,645.20 with a P/E ratio of 131.84. The company has delivered an impressive 5-yr CAGR of 25.27%, maintains a 5-yr average EBITDA margin of 37.22%, and offers a dividend yield of 0.46%.
ICICI Bank Ltd
One of India’s largest private sector banks with a market cap of Rs. 8,91,097 cr., and a share price of Rs. 1,261.65. ICICI Bank trades at a P/E ratio of 20.13 and has achieved a strong 5-yr CAGR of 18.29%. With a 5-yr average EBITDA margin of 20.96% and a dividend yield of 0.79%, ICICI Bank provides a broad range of banking products and services, focusing on digital innovation and customer engagement.
Infosys Ltd
A multinational corporation specialising in IT consulting and services with a market capitalisation of Rs. 6,98,273 cr. Trading at Rs. 1,647.20 with a P/E ratio of 24.53, Infosys has delivered a 5-yr CAGR of 15.32%. The company maintains a 5-yr average EBITDA margin of 26.32% and offers an attractive dividend yield of 2.01%. Infosys is recognised for its role in digital transformation, cloud computing, and AI-driven solutions.
State Bank of India
India’s largest public sector bank with a market cap of Rs. 7,72,231 cr., and a share price of Rs. 585.70. SBI trades at an attractive P/E ratio of 11.23 and has delivered a 5-yr CAGR of 14.17%. With a 5-yr average EBITDA margin of 23.45% and a dividend yield of 2.32%, SBI has a vast domestic and international presence, offering comprehensive banking and financial services to individuals, businesses, and governments.
Hindustan Unilever Ltd
A leading consumer goods company in India is valued at Rs. 6,62,112 cr., with a share price of Rs. 2,536.90. HUL trades at a P/E ratio of 56.21 and has achieved a 5-yr CAGR of 9.63%. The company maintains a 5-yr average EBITDA margin of 24.52% and offers a dividend yield of 1.51%. HUL offers a diverse range of products in personal care, home care, and food & beverages, focusing on sustainability and innovation.
Bajaj Finance Ltd
A diversified conglomerate valued at Rs. 4,85,112 cr., with a share price of Rs. 452.35. ITC trades at a P/E ratio of 27.15 and has delivered a 5-yr CAGR of 12.82%. The company boasts a robust 5-yr average EBITDA margin of 32.15% and offers one of the highest dividend yields among large-caps at 3.21%. ITC has business interests in FMCG, hotels, paperboards, packaging, agri-business, and information technology, emphasising sustainability and inclusive growth.
ITC Ltd
A diversified conglomerate valued at Rs. 4,85,112 cr., with a share price of Rs. 452.35. ITC trades at a P/E ratio of 27.15 and has delivered a 5-yr CAGR of 12.82%. The company boasts a robust 5-yr average EBITDA margin of 32.15% and offers one of the highest dividend yields among large-caps at 3.21%. ITC has business interests in FMCG, hotels, paperboards, packaging, agri-business, and information technology, emphasising sustainability and inclusive growth.
Understanding Market Capitalisation
The market cap or m-cap is the market value of a publicly traded company’s outstanding shares. It is calculated by multiplying the number of outstanding shares by the current market value of one share.
M-Cap = Outstanding shares x Share price
It is imperative to remember that market capitalisation is dynamic and changes by the second. It has a direct correlation with the traded price of the stock. While the number of outstanding shares in the formula for market capitalisation may not change unless the company decides to issue more shares, the stock price component is extremely volatile.
There are three types of market capitalisation – large-cap, mid-cap or small-cap companies. SEBI has defined the levels determining a company according to its market cap.
- Large-cap companies: Having a market cap of Rs. 20,000 cr. or more
- Mid-cap companies: These have a market cap between Rs. 5,000 cr. to Rs. 20,000 cr.
- Small-cap companies: These have a market cap of less than Rs. 5,000 cr.
Large-cap stocks are an ideal pick for conservative investors looking to stay invested in the market for stable returns over the long term. Small-cap stocks are more suited for aggressive investors having a decent risk appetite and looking for short-term gains.
Check the difference between large-cap, mid-cap and small-cap.
Conclusion
The above-mentioned are well-established companies in India that have existed for a long time now and have strong market dominance. Market capitalisation is directly proportional to the stock’s share price; that is, it rises and falls in line with the traded price of the shares. However, there are other parameters to analyse the top companies based on the profits or sales, etc. Therefore, understand your investment goal and risk appetite before investing in any company. Also, research the company’s past performance and future goals thoroughly. For all of this, #TickertapeHaiNa!
FAQs
How to get the list of top IT companies in India?
You can use Tickertape Stock Screener to get the list of top IT companies in India based on their market cap.
- Log in to Tickertape
- Launch Stock Screener
- Select ‘Informational Technology’ under the sector
- Sort the list according to market cap
How to get the list of top pharmaceutical companies in India?
You can use Tickertape Stock Screener to get the list of top pharmaceutical companies in India based on their market cap.
- Log in to Tickertape
- Launch Stock Screener
- Search for ‘Pharmaceutical’ under the sector
- Sort the list according to market cap
How to get the list of top FMCG companies in India?
It is easy to get the list of top FMCG companies in India based on their market cap using Tickertape Stock Screener.
- Log in to Tickertape
- Launch Stock Screener
- Search for ‘FMCG’ under the sector and select the sub-sectors
- Sort the list according to market cap
What are the top 100 companies by market cap in India?
Visit Tickertape Stock Screener and sort the list by market cap to get the list of the top 100 companies by market cap in India.
Are high market cap companies good?
High-market cap companies are large-cap companies which have established a strong presence in the market. Compared to small-cap companies, large-cap companies are considered less risky. Large-cap companies can be a good choice for less aggressive investors with less risk appetite. However, it is always better to discuss this with your financial advisor.
As an insatiable reader and learner, I’ve spent the last two years exploring the world of finance. With my creative mind and curious spirit, I love making complex finance topics easy and fun for everyone to understand. Join me on my journey as we navigate the world of finance together!
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One article on good 10 nos fundamental strong shares with their intrinsic value…?May be useful for us.