Nifty 500 multibagger stocks: 10 stocks that gained over 1,000% in 5 years

Even as the broader market swung between sharp rallies and equally sharp corrections, a select group of stocks on the Nifty 500 quietly compounded wealth for patient shareholders, delivering returns north of 1,000% over the past five years. For context, the Sensex itself has gained just 38% in the same period, making these multibagger runs stand out even more starkly.

Power equipment, defence, manufacturing and infrastructure emerged as some of the strongest themes among these multibaggers. At the top of the list was GE Vernova T&D India, whose shares have surged more than 3,000% since August 2021.

The stock has risen from around Rs 134 apiece in August 2021 to nearly Rs 4,180 this week, translating into a gain of about 3,013% over the five-year period.

By comparison, the Sensex has gained around 38% during the same period.

BSE, Apar Industries among biggest wealth creators

BSE has been another standout performer. Shares of the stock exchange have rallied around 2,686% over five years, making it one of the biggest wealth creators in the Nifty 500 universe.

Apar Industries follows with a gain of around 2,555%. The company operates across aluminium and copper conductors, specialty oils and power cables and has benefited from demand linked to power infrastructure and the shift towards renewable energy.

Transformers & Rectifiers (India), or TARIL, has delivered a similar return profile. Its shares have gained around 2,197% in five years, helped by the expansion of India's power transmission infrastructure and rising demand for equipment linked to renewable energy projects.

Defence stocks feature prominently

Defence has also produced several of the market's biggest multibaggers. Shares of Zen Technologies have climbed around 2,190% over five years. The company, which develops defence systems including anti-drone solutions and military training simulators, has benefited from the broader push towards domestic defence manufacturing.

Mazagon Dock Shipbuilders has gained about 2,084% over the same period. The defence shipyard has been supported by strong procurement activity and execution of naval contracts, including submarines and warships. Its dividend track record has also remained an attraction for investors.

Garden Reach Shipbuilders & Engineers (GRSE) is among the other stocks that have delivered more than 1,000% returns over the five-year period.

Manufacturing and power transition drive gains

The multibagger list extends beyond defence and traditional power equipment.

Welspun Corp has risen around 1,985% in five years. The steel pipe maker has benefited from demand across energy infrastructure and improved order visibility. The stock has also remained on investors' radar amid developments around promoter and management stake sales.

PG Electroplast has gained around 1,747% during the period. The electronic manufacturing services company has expanded its presence across consumer durables, including air conditioners and washing machines, as well as automotive components, riding the broader manufacturing and 'Make in India' theme.

Hitachi Energy India has delivered a five-year gain of around 1,729%. The company's exposure to high-voltage transmission, grid infrastructure and India's renewable energy expansion has supported its growth as investment in the power network has increased.

More than a dozen stocks delivered 10x returns

The list of stocks that have multiplied investors' money does not end there.

Cemindia Projects, Neuland Laboratories, Himadri Speciality Chemical, HBL Engineering, Chennai Petroleum Corporation, GRSE, Force Motors, Adani Power, Solar Industries and MCX have also gained between 1,000% and 1,500% over the past five years.

The performance of these stocks highlights how sharply some pockets of the Indian market have outperformed the benchmark. While the Sensex has delivered a relatively modest gain of around 38% over the same period, companies exposed to themes such as power infrastructure, defence indigenisation, manufacturing and the energy transition have generated substantially higher returns.

However, past returns do not necessarily indicate future performance, and many of these stocks have also experienced significant volatility along the way.

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