Compounding Engine Leaderboard
189 companies scored on the Four Checks — Moat, Reinvestment (returns on incremental capital × runway), capital Allocation, each 0–10. Engine = M + R + A out of 30: the quality of the economic machine, price-blind. Price is scored separately (higher = more attractively priced). Click a column to sort.
| # | Company | Sector | M | R | A | Engine | P |
|---|---|---|---|---|---|---|---|
| 1 | HDFC Asset Management Company Limited HDFCAMC | Asset Management | 8 | 9 | 9 | 26 | 3 |
| 2 | Bharat Electronics Limited BEL | Defence Electronics | 8 | 9 | 8 | 25 | 3 |
| 3 | ICICI Prudential Asset Management Company Limited ICICIAMC | Asset Management | 8 | 9 | 8 | 25 | 3 |
| 4 | Eicher Motors Ltd EICHERMOT | Automobile | 8 | 8 | 8 | 24 | 5 |
| 5 | Sundaram Finance Limited SUNDARMFIN | NBFC (vehicle finance + financial-services group) | 8 | 7 | 9 | 24 | 4 |
| 6 | Bajaj Finance Limited BAJFINANCE | NBFC (diversified retail lending) | 8 | 8 | 8 | 24 | 3 |
| 7 | Garden Reach Shipbuilders & Engineers Ltd GRSE | Industrials / Defense Manufacturing | 9 | 8 | 7 | 24 | 3 |
| 8 | Nippon Life India Asset Management Ltd NAM-INDIA | Asset Management | 7 | 9 | 8 | 24 | 3 |
| 9 | Solar Industries India Ltd SOLARINDS | Explosives & Defence | 7 | 9 | 8 | 24 | 2 |
| 10 | Trent Limited TRENT | Retail (Apparel & Lifestyle) | 7 | 9 | 8 | 24 | 2 |
| 11 | Muthoot Finance Limited MUTHOOTFIN | NBFC (gold loans) | 7 | 8 | 8 | 23 | 7 |
| 12 | Computer Age Management Services Limited CAMS | Financial Infrastructure / Registrar & Transfer Agent | 8 | 7 | 8 | 23 | 4 |
| 13 | ICICI Bank Ltd ICICIBANK | Banks — Private | 8 | 7 | 8 | 23 | 4 |
| 14 | BSE Limited BSE | Market Infrastructure / Exchanges | 8 | 8 | 7 | 23 | 3 |
| 15 | Polycab India Ltd POLYCAB | Wires & Cables | 7 | 8 | 8 | 23 | 3 |
| 16 | Radico Khaitan Limited RADICO | Alcoholic Beverages (IMFL) | 7 | 8 | 8 | 23 | 3 |
| 17 | Rubicon Research Ltd RUBICON | Pharmaceuticals | 6 | 9 | 8 | 23 | 3 |
| 18 | Inox India Ltd INOXINDIA | Cryogenic Equipment / Capital Goods | 7 | 8 | 8 | 23 | 2 |
| 19 | Titan Company Limited TITAN | Consumer (jewellery & lifestyle retail) | 8 | 8 | 7 | 23 | 2 |
| 20 | State Bank of India SBIN | Banks — Public Sector | 8 | 7 | 7 | 22 | 8 |
| 21 | Five-Star Business Finance Limited FIVESTAR | NBFC (small secured business loans) | 7 | 7 | 8 | 22 | 7 |
| 22 | Shriram Finance Limited SHRIRAMFIN | NBFC (retail asset finance — commercial vehicles) | 7 | 7 | 8 | 22 | 7 |
| 23 | Bajaj Finserv Ltd BAJAJFINSV | Financial Services (holding company — lending + insurance) | 7 | 7 | 8 | 22 | 5 |
| 24 | Cholamandalam Investment & Finance Company Ltd CHOLAFIN | NBFC (diversified retail lending) | 6 | 8 | 8 | 22 | 4 |
| 25 | Apollo Hospitals Enterprise Limited APOLLOHOSP | Healthcare (hospitals, pharmacy & digital) | 7 | 8 | 7 | 22 | 3 |
| 26 | Himadri Speciality Chemical Ltd HSCL | Chemicals / Carbon Materials | 7 | 7 | 8 | 22 | 3 |
| 27 | Inventurus Knowledge Solutions Ltd IKS | Healthcare Services / Health-tech | 7 | 8 | 7 | 22 | 3 |
| 28 | J B Chemicals & Pharmaceuticals Ltd JBCHEPHARM | pharmaceuticals | 7 | 7 | 8 | 22 | 3 |
| 29 | Page Industries Limited PAGEIND | Innerwear & Athleisure | 7 | 8 | 7 | 22 | 3 |
| 30 | Park Medi World Ltd PARKHOSPS | Healthcare / Hospitals | 6 | 8 | 8 | 22 | 3 |
| 31 | Vijaya Diagnostic Centre Ltd VIJAYA | Healthcare — Diagnostics | 7 | 7 | 8 | 22 | 3 |
| 32 | Netweb Technologies India Ltd NETWEB | High-End Computing / AI Infrastructure | 6 | 8 | 8 | 22 | 2 |
| 33 | HDFC Bank Ltd HDFCBANK | Banks — Private | 8 | 6 | 7 | 21 | 7 |
| 34 | Vedant Fashions Limited MANYAVAR | Ethnic & Celebration Wear | 8 | 6 | 7 | 21 | 7 |
| 35 | Mahindra & Mahindra Ltd M&M | Automobiles | 6 | 7 | 8 | 21 | 6 |
| 36 | Kovai Medical Center and Hospital Limited KOVAI | Healthcare (hospitals) | 6 | 7 | 8 | 21 | 5 |
| 37 | 360 ONE WAM Ltd 360ONE | Wealth & Asset Management | 7 | 7 | 7 | 21 | 4 |
| 38 | Adani Ports & Special Economic Zone Ltd ADANIPORTS | Ports & Logistics | 8 | 6 | 7 | 21 | 4 |
| 39 | Acutaas Chemicals Ltd (formerly Ami Organics) ACUTAAS | Specialty Chemicals | 6 | 8 | 7 | 21 | 3 |
| 40 | Billionbrains Garage Ventures Ltd GROWW | Financial Services | 6 | 8 | 7 | 21 | 3 |
| 41 | Cummins India Ltd CUMMINSIND | Capital Goods | 7 | 6 | 8 | 21 | 3 |
| 42 | Data Patterns (India) Ltd DATAPATTNS | Defence Electronics | 7 | 7 | 7 | 21 | 3 |
| 43 | Garware Hi-Tech Films Limited GRWRHITECH | Specialty Films / Materials | 7 | 7 | 7 | 21 | 3 |
| 44 | TD Power Systems Ltd TDPOWERSYS | Capital Goods | 6 | 8 | 7 | 21 | 3 |
| 45 | Avenue Supermarts Limited DMART | Retail (value supermarkets) | 7 | 6 | 8 | 21 | 2 |
| 46 | CG Power & Industrial Solutions Ltd CGPOWER | Electrical Equipment | 6 | 8 | 7 | 21 | 2 |
| 47 | BLS International Services Limited BLS | Business Services / Visa & Consular Outsourcing | 7 | 7 | 6 | 20 | 7 |
| 48 | Embassy Office Parks REIT EMBASSY | REIT (Commercial Office) | 7 | 6 | 7 | 20 | 7 |
| 49 | NTPC Ltd NTPC | Power Generation (Regulated Utility) | 7 | 6 | 7 | 20 | 7 |
| 50 | Motilal Oswal Financial Services Limited MOTILALOFS | Diversified Financial Services | 6 | 7 | 7 | 20 | 6 |
| 51 | Power Grid Corporation of India Ltd POWERGRID | Utilities | 8 | 5 | 7 | 20 | 5 |
| 52 | Abbott India Limited ABBOTINDIA | Pharma MNC | 7 | 7 | 6 | 20 | 4 |
| 53 | HBL Engineering Limited HBLENGINE | Industrial Electronics / Defence / Railway Signalling | 7 | 7 | 6 | 20 | 4 |
| 54 | Larsen & Toubro Ltd LT | Engineering & Construction | 7 | 6 | 7 | 20 | 4 |
| 55 | Apar Industries Ltd APARINDS | Power Equipment | 6 | 7 | 7 | 20 | 3 |
| 56 | Dixon Technologies (India) Ltd DIXON | Electronics Manufacturing | 5 | 7 | 8 | 20 | 3 |
| 57 | Gabriel India Ltd GABRIEL | Auto Components (Ride Control) | 6 | 7 | 7 | 20 | 3 |
| 58 | Navin Fluorine International Ltd NAVINFLUOR | Specialty Chemicals | 6 | 7 | 7 | 20 | 3 |
| 59 | Rainbow Childrens Medicare Limited RAINBOW | Healthcare (pediatric & perinatal hospitals) | 7 | 6 | 7 | 20 | 3 |
| 60 | Sai Life Sciences Limited SAILIFE | Pharma CRDMO | 6 | 7 | 7 | 20 | 3 |
| 61 | Saregama India Limited SAREGAMA | Media & Entertainment (Music IP) | 7 | 6 | 7 | 20 | 3 |
| 62 | Zen Technologies Ltd ZENTEC | Defence (Simulators & Anti-Drone) | 7 | 7 | 6 | 20 | 3 |
| 63 | Aditya Infotech Ltd CPPLUS | Electronics / Surveillance | 5 | 8 | 7 | 20 | 2 |
| 64 | Siemens Ltd SIEMENS | Electrification & Automation | 7 | 7 | 6 | 20 | 2 |
| 65 | FSN E-Commerce Ventures Limited NYKAA | Consumer (beauty & fashion e-commerce) | 6 | 7 | 7 | 20 | 1 |
| 66 | HCL Technologies Ltd HCLTECH | Information Technology | 6 | 6 | 7 | 19 | 7 |
| 67 | Aadhar Housing Finance Ltd AADHARHFC | Affordable Housing Finance | 6 | 7 | 6 | 19 | 6 |
| 68 | Axis Bank Ltd AXISBANK | Banks — Private | 6 | 6 | 7 | 19 | 6 |
| 69 | Aditya Birla Lifestyle Brands Limited ABLBL | Branded Apparel (Menswear & Lifestyle) | 6 | 6 | 7 | 19 | 5 |
| 70 | Coromandel International Limited COROMANDEL | Fertilizers & Agrochemicals | 6 | 6 | 7 | 19 | 5 |
| 71 | Emmvee Photovoltaic Power Ltd EMMVEE | Solar Manufacturing | 5 | 7 | 7 | 19 | 5 |
| 72 | Lupin Ltd LUPIN | Pharmaceuticals | 6 | 6 | 7 | 19 | 5 |
| 73 | Mindspace Business Parks REIT MINDSPACE | REIT (Commercial Office) | 6 | 6 | 7 | 19 | 5 |
| 74 | Swaraj Engines Ltd SWARAJENG | Auto Components | 6 | 5 | 8 | 19 | 5 |
| 75 | Dr Lal Pathlabs Ltd LALPATHLAB | Diagnostics / Healthcare | 7 | 6 | 6 | 19 | 4 |
| 76 | Jeena Sikho Lifecare Limited JSLL | Healthcare (Ayurveda hospitals & products) | 5 | 8 | 6 | 19 | 4 |
| 77 | 3M India Ltd 3MINDIA | Diversified Industrials / MNC | 7 | 6 | 6 | 19 | 3 |
| 78 | Central Depository Services (India) Ltd CDSL | Capital Markets Infrastructure | 7 | 6 | 6 | 19 | 3 |
| 79 | KEI Industries Ltd KEI | Wires & Cables | 5 | 7 | 7 | 19 | 3 |
| 80 | R R Kabel Ltd RRKABEL | Wires & Cables | 5 | 7 | 7 | 19 | 3 |
| 81 | Sansera Engineering Limited SANSERA | Auto Ancillary / Precision Engineering | 6 | 6 | 7 | 19 | 3 |
| 82 | SRF Limited SRF | Chemicals (fluorochemicals, specialty, packaging films) | 6 | 6 | 7 | 19 | 3 |
| 83 | Thangamayil Jewellery Ltd THANGAMAYL | Retail / Jewellery | 5 | 7 | 7 | 19 | 3 |
| 84 | ABB India Ltd ABB | Electrification & Automation | 7 | 6 | 6 | 19 | 2 |
| 85 | Astra Microwave Products Ltd ASTRAMICRO | Defence Electronics | 6 | 6 | 7 | 19 | 2 |
| 86 | Schneider Electric Infrastructure Ltd SCHNEIDER | Electrical Equipment / Grid | 6 | 8 | 5 | 19 | 2 |
| 87 | IIFL Finance Limited IIFL | NBFC (diversified retail — gold, home, MSME, microfinance) | 5 | 7 | 6 | 18 | 8 |
| 88 | Brookfield India Real Estate Trust BIRET | REIT (Commercial Office) | 6 | 5 | 7 | 18 | 7 |
| 89 | Nexus Select Trust NXST | REIT (Retail / Shopping Malls) | 6 | 5 | 7 | 18 | 7 |
| 90 | Indian Energy Exchange Ltd IEX | Capital Markets Infrastructure | 6 | 6 | 6 | 18 | 6 |
| 91 | Indus Towers Ltd INDUSTOWER | Telecom Infrastructure | 6 | 6 | 6 | 18 | 6 |
| 92 | AAVAS Financiers Limited AAVAS | Affordable Housing Finance | 6 | 6 | 6 | 18 | 5 |
| 93 | Jindal Stainless Ltd JSL | Stainless Steel | 5 | 6 | 7 | 18 | 5 |
| 94 | Welspun Corp Ltd WELCORP | Line Pipes / Building Materials | 5 | 6 | 7 | 18 | 5 |
| 95 | Nuvama Wealth Management Limited NUVAMA | Financials / Wealth & Capital Markets | 6 | 6 | 6 | 18 | 4 |
| 96 | Asian Paints Limited ASIANPAINT | Paints & coatings | 7 | 5 | 6 | 18 | 3 |
| 97 | Bajaj Consumer Care Limited BAJAJCON | FMCG (hair care) | 6 | 5 | 7 | 18 | 3 |
| 98 | Borosil Renewables Ltd BORORENEW | Renewables / Solar Glass | 5 | 6 | 7 | 18 | 3 |
| 99 | Federal Bank Ltd FEDERALBNK | Banks — Private | 6 | 5 | 7 | 18 | 3 |
| 100 | Granules India Limited GRANULES | Pharmaceuticals | 5 | 6 | 7 | 18 | 3 |
| 101 | Honasa Consumer Limited HONASA | Beauty & Personal Care (digital-first FMCG) | 5 | 6 | 7 | 18 | 3 |
| 102 | Narayana Hrudayalaya Limited NH | Healthcare (hospitals & insurance) | 6 | 6 | 6 | 18 | 3 |
| 103 | Syrma SGS Technology Ltd SYRMA | Electronics Manufacturing Services | 5 | 6 | 7 | 18 | 3 |
| 104 | Tata Technologies Ltd TATATECH | IT Services — ER&D / Product Engineering | 5 | 6 | 7 | 18 | 3 |
| 105 | Yatharth Hospital & Trauma Care Services Limited YATHARTH | Healthcare (hospitals) | 5 | 6 | 7 | 18 | 3 |
| 106 | Eternal Ltd ETERNAL | Consumer Tech | 6 | 5 | 7 | 18 | 2 |
| 107 | Laurus Labs Ltd LAURUSLABS | Pharmaceuticals / CDMO | 5 | 6 | 7 | 18 | 2 |
| 108 | MTAR Technologies Ltd MTARTECH | Precision Engineering | 6 | 6 | 6 | 18 | 1 |
| 109 | Mahindra & Mahindra Financial Services Limited M&MFIN | NBFC (rural vehicle finance) | 6 | 5 | 6 | 17 | 8 |
| 110 | Life Insurance Corporation of India LICI | Life Insurance | 7 | 5 | 5 | 17 | 7 |
| 111 | CMS Info Systems Ltd CMSINFO | Business Services | 5 | 5 | 7 | 17 | 6 |
| 112 | NLC India Ltd NLCINDIA | Power & Mining (PSU) | 6 | 5 | 6 | 17 | 5 |
| 113 | Tech Mahindra Ltd TECHM | IT Services | 5 | 5 | 7 | 17 | 5 |
| 114 | Waaree Renewable Technologies Limited WAAREERTL | Renewables / Solar EPC | 4 | 7 | 6 | 17 | 5 |
| 115 | AIA Engineering Ltd AIAENG | Industrials / Mining Equipment | 6 | 5 | 6 | 17 | 4 |
| 116 | Waaree Energies Ltd WAAREEENER | Solar Manufacturing (PV modules & cells) | 5 | 6 | 6 | 17 | 4 |
| 117 | Adani Power Ltd ADANIPOWER | Power Generation | 5 | 6 | 6 | 17 | 3 |
| 118 | Aditya Birla Capital Limited ABCAPITAL | Financial services (diversified — lending, AMC, insurance) | 4 | 5 | 8 | 17 | 3 |
| 119 | Aequs Ltd AEQUS | Aerospace & Precision Manufacturing | 6 | 5 | 6 | 17 | 3 |
| 120 | Bajaj Auto Ltd BAJAJ-AUTO | Automobiles (2W / 3W manufacturing) | 6 | 5 | 6 | 17 | 3 |
| 121 | Sika Interplant Systems Limited SIKA | Aerospace & Defence / Engineering | 6 | 6 | 5 | 17 | 3 |
| 122 | Tata Capital Limited TATACAP | NBFC (diversified lending) | 5 | 5 | 7 | 17 | 3 |
| 123 | Tata Communications Limited TATACOMM | Telecom / Digital Infrastructure | 6 | 5 | 6 | 17 | 3 |
| 124 | Go Fashion (India) Limited GOCOLORS | Women's Apparel (Bottom-wear) | 5 | 5 | 7 | 17 | 2 |
| 125 | Adani Energy Solutions Ltd ADANIENSOL | Power Transmission & Distribution | 7 | 4 | 6 | 17 | 1 |
| 126 | Rashi Peripherals Ltd RPTECH | IT Hardware Distribution | 4 | 5 | 7 | 16 | 7 |
| 127 | Bharat Petroleum Corporation Ltd BPCL | Oil & Gas / Refining & Marketing | 4 | 5 | 7 | 16 | 6 |
| 128 | Indian Oil Corporation Ltd IOC | Oil & Gas / Refining & Marketing | 5 | 5 | 6 | 16 | 6 |
| 129 | Kalpataru Projects International Ltd KPIL | EPC / Infrastructure | 4 | 6 | 6 | 16 | 6 |
| 130 | Ceigall India Limited CEIGALL | Infrastructure / EPC (Roads) | 4 | 5 | 7 | 16 | 5 |
| 131 | National Aluminium Company Ltd NATIONALUM | Metals (Aluminium & Alumina) | 4 | 5 | 7 | 16 | 5 |
| 132 | Wheels India Ltd WHEELS | Auto Components | 4 | 5 | 7 | 16 | 5 |
| 133 | Alkem Laboratories Ltd ALKEM | Pharmaceuticals | 6 | 5 | 5 | 16 | 4 |
| 134 | Apollo Micro Systems Limited APOLLO | Defence Electronics | 5 | 5 | 6 | 16 | 3 |
| 135 | Atul Limited ATUL | Diversified Chemicals | 4 | 5 | 7 | 16 | 3 |
| 136 | Fujiyama Power Systems Ltd UTLSOLAR | Renewable Energy / Solar | 5 | 5 | 6 | 16 | 3 |
| 137 | Kaynes Technology India Ltd KAYNES | Electronics Manufacturing | 6 | 5 | 5 | 16 | 3 |
| 138 | L&T Finance Limited LTF | NBFC (retail lending) | 5 | 4 | 7 | 16 | 3 |
| 139 | Ramco Systems Limited RAMCOSYS | Enterprise Software (IT) | 5 | 5 | 6 | 16 | 3 |
| 140 | RateGain Travel Technologies Limited RATEGAIN | Travel & Hospitality SaaS | 5 | 5 | 6 | 16 | 3 |
| 141 | Reliance Industries Ltd RELIANCE | Conglomerate / Energy-Telecom-Retail | 6 | 4 | 6 | 16 | 3 |
| 142 | Shilpa Medicare Limited SHILPAMED | Pharmaceuticals | 6 | 5 | 5 | 16 | 3 |
| 143 | Thyrocare Technologies Ltd THYROCARE | Diagnostics / Healthcare | 5 | 6 | 5 | 16 | 3 |
| 144 | Black Box Ltd BBOX | IT Infrastructure Services | 4 | 6 | 6 | 16 | 2 |
| 145 | Gujarat Fluorochemicals Limited FLUOROCHEM | Chemicals (fluoropolymers, refrigerants) & battery materials | 6 | 4 | 6 | 16 | 2 |
| 146 | Tata Consumer Products Limited TATACONSUM | FMCG (food & beverages) | 6 | 4 | 6 | 16 | 2 |
| 147 | Paras Defence and Space Technologies Ltd PARAS | Defence | 6 | 5 | 5 | 16 | 1 |
| 148 | JM Financial Limited JMFINANCIL | Diversified Financial Services | 5 | 4 | 6 | 15 | 8 |
| 149 | Piramal Enterprises Limited (merging into Piramal Finance) PEL | NBFC (retail + wholesale lending) | 4 | 4 | 7 | 15 | 8 |
| 150 | Coal India Ltd COALINDIA | Coal / Mining | 5 | 4 | 6 | 15 | 7 |
| 151 | Hindalco Industries Ltd HINDALCO | Metals (Aluminium & Copper) | 4 | 5 | 6 | 15 | 7 |
| 152 | K.P. Energy Ltd KPEL | Renewable Energy | 4 | 6 | 5 | 15 | 6 |
| 153 | Oriana Power Limited ORIANA | Renewables / Solar EPC & Developer | 3 | 6 | 6 | 15 | 6 |
| 154 | Balaji Amines Limited BALAMINES | Specialty Chemicals | 5 | 4 | 6 | 15 | 3 |
| 155 | Biocon Ltd BIOCON | Pharmaceuticals / Biosimilars | 6 | 4 | 5 | 15 | 3 |
| 156 | Deepak Nitrite Limited DEEPAKNTR | Chemicals (intermediates & phenolics) | 4 | 5 | 6 | 15 | 3 |
| 157 | Tata Elxsi Ltd TATAELXSI | IT Services — Design & ER&D | 5 | 5 | 5 | 15 | 3 |
| 158 | The Tata Power Company Limited TATAPOWER | power | 6 | 4 | 5 | 15 | 3 |
| 159 | Bharat Forge Ltd BHARATFORG | Forgings / Auto & Defence | 6 | 4 | 5 | 15 | 2 |
| 160 | Cupid Ltd CUPID | Healthcare / Consumer | 5 | 5 | 5 | 15 | 2 |
| 161 | Poonawalla Fincorp Limited POONAWALLA | NBFC (consumer + MSME lending) | 4 | 4 | 7 | 15 | 2 |
| 162 | Sterlite Technologies Ltd STLTECH | Telecom Equipment / Optical Fibre | 4 | 4 | 7 | 15 | 1 |
| 163 | Bajaj Holdings & Investment Ltd BAJAJHLDNG | Holding Company (investment vehicle) | 5 | 4 | 5 | 14 | 8 |
| 164 | Gokul Agro Resources Ltd GOKULAGRO | Edible Oils / Agro-commodities | 4 | 7 | 3 | 14 | 5 |
| 165 | Manappuram Finance Limited MANAPPURAM | NBFC (gold loans + microfinance) | 5 | 5 | 4 | 14 | 5 |
| 166 | CIE Automotive India Ltd CIEINDIA | Auto Components | 4 | 5 | 5 | 14 | 4 |
| 167 | Borosil Scientific Ltd BOROSCI | Scientific & Laboratory Glassware | 5 | 4 | 5 | 14 | 3 |
| 168 | Inox Wind Ltd INOXWIND | Wind Energy / Capital Goods | 4 | 4 | 6 | 14 | 3 |
| 169 | Craftsman Automation Limited CRAFTSMAN | Auto Components / Precision Engineering | 5 | 4 | 5 | 14 | 2 |
| 170 | Inox Green Energy Services Ltd INOXGREEN | Renewable Energy Services / Wind O&M | 4 | 4 | 6 | 14 | 2 |
| 171 | JSW Energy Limited JSWENERGY | power | 5 | 4 | 5 | 14 | 2 |
| 172 | Oil & Natural Gas Corporation Ltd ONGC | Oil & Gas / Upstream E&P | 4 | 4 | 5 | 13 | 7 |
| 173 | Raymond Lifestyle Ltd RAYMONDLSL | Textiles & Apparel | 5 | 3 | 5 | 13 | 7 |
| 174 | KEC International Ltd KEC | EPC / Infrastructure | 4 | 4 | 5 | 13 | 5 |
| 175 | Swiggy Ltd SWIGGY | Consumer Internet | 5 | 3 | 5 | 13 | 4 |
| 176 | Aarti Industries Limited AARTIIND | Specialty Chemicals (benzene-chain intermediates) | 5 | 4 | 4 | 13 | 3 |
| 177 | Tata Steel Limited TATASTEEL | steel | 3 | 4 | 6 | 13 | 3 |
| 178 | Adani Green Energy Ltd ADANIGREEN | Renewable Energy | 4 | 4 | 5 | 13 | 2 |
| 179 | Shoppers Stop Limited SHOPERSTOP | Department-Store Retail | 4 | 3 | 5 | 12 | 4 |
| 180 | Adani Enterprises Ltd ADANIENT | Diversified / Infrastructure Incubator | 5 | 3 | 4 | 12 | 2 |
| 181 | Anupam Rasayan India Limited ANURAS | Specialty Chemicals (custom synthesis) | 5 | 3 | 4 | 12 | 2 |
| 182 | Bharat Heavy Electricals Limited BHEL | Capital Goods / Power Equipment | 4 | 2 | 6 | 12 | 1 |
| 183 | Moschip Technologies Ltd MOSCHIP | Semiconductor Design Services | 4 | 3 | 5 | 12 | 1 |
| 184 | Tata Chemicals Limited TATACHEM | chemicals | 4 | 3 | 4 | 11 | 6 |
| 185 | Steel Authority of India Ltd SAIL | Steel | 3 | 3 | 5 | 11 | 3 |
| 186 | JSW Steel Limited JSWSTEEL | steel | 3 | 3 | 5 | 11 | 2 |
| 187 | Aditya Birla Fashion and Retail Limited ABFRL | Apparel & Lifestyle Retail | 3 | 2 | 5 | 10 | 4 |
| 188 | Swan Defence and Heavy Industries Ltd SWANDEF | Shipbuilding / Defence / Heavy Engineering | 3 | 2 | 5 | 10 | 1 |
| 189 | Tejas Networks Limited TEJASNET | Telecom Equipment | 4 | 2 | 3 | 9 | 2 |
Scores come from the Four Checks section of each earnings digest — graded against a fixed rubric, grounded in screener data, concall transcripts and annual reports. Engine deliberately excludes price: a great machine at a silly price is still a great machine. Last scored dates vary by company; see each article.