Top Indian Stocks with 500%+ Returns in 5 Years!

Here are some Indian public companies whose stocks have delivered more than 500% returns over the past five years (about mid‑2020 to mid‑2025):

Stocks with >500% returns in last five years

Blue‑chip / Established names

• HAL (Hindustan Aeronautics Ltd.) – up ~1,468% over five years, driven by government defence orders and order book growth under “Make in India”
• BEL (Bharat Electronics Ltd.) – surged about ~1,099% over five years supported by rising defence capex. 
• Reliance Infrastructure – up over ~1,400% across five years, with recent growth fueled by a Dassault jet-making tie‑up and capital infusion .

Multibagger mid/small‑caps (strong five‑year gains)

• KEI Industries – ~1,276% return
• Minda Industries – ~1,250% return
• Bajaj Finance – ~1,220% return
• Indiabulls Ventures – ~908% return
• SpiceJet – ~705%
• Bajaj Finserv – ~603%
• Aegis Logistics – ~603%
• Caplin Point Laboratories – ~574%
• Phillips Carbon – ~507%

Additional strong performers:

• Deepak Nitrite – ~650% return over five years
• Navin Fluorine International – around ~500% over five years

Summary Table

Notes & Considerations

• Timeframes vary: Most five‑year windows end earlier in 2022; more recent market volatility may change exact return profiles
• High volatility and concentrations: Many of these are small- and mid-cap stocks subject to company-specific risks and market cycles.
• Not current valuations: Past returns do not guarantee future performance; today’s price-to-earnings or balance-sheet positions need separate review.
• Diversification matters: A strategy focusing just on past top performers could miss broader market exposure — consider balanced portfolios or index‑based investing as well .