Reliance Industries secured its fifth consecutive spot as the largest wealth creator from 2018 to 2023, marking its tenth overall first place position in the last 17 five-year study periods.
Top 10 Wealth Creators of 2018-23
A prominent artist was Lloyds Metals, which emerged as the fastest wealth creator with a 79% compound return on its shares during this period. An investment of 1 million rupees in the top 10 fastest wealth creators in 2018 would have skyrocketed to 10 million rupees in 2023, boasting a return CAGR of 59%, far surpassing the EEB Sensexare 12%.
Top 10 Fastest Wealth Creators 2018-23
Capri Global, a relatively low profile company, has emerged as the most consistent wealth creator between 2018 and 2023. It has consistently outperformed the BSE Sensex in all 5 years and holds the highest price CAGR of 50%.
Top 10 Consistent Wealth Creators 2018-23
The Consistent Wealth Creators criteria evaluates stocks based on their outperformance in each of the last 5 years, says the Motilal Oswal report.
Adani Enterprises retains the title of Best Global Wealth Builder for the second time in a row. The report identifies Versatile Wealth Builders by summarizing rankings in three categories: Biggest, Fastest and Consistent. In cases of ties, the stock price CAGR determines the overall ranking.
Top 10 Wealth Creators 2018-23
Although the top 100 wealth creators in India Inc have generated a total wealth of 70.5 lakh crore during the period 2018-2023, this number is lower than the previous five-year period from 2017 to 2022.
The study also revealed that stocks with a price-to-earnings (PE) ratio between 25-30 times delivered significantly higher returns compared to those with a PE ratio of less than 10 in the years 2018-2023. Similarly, stocks with a price-to-book (P/B) ratio between 5 and 6 times exhibited the highest returns.