Most Expensive Shares In India

Thousands of companies are listed in the Indian stock market. As of January 2022, there were 2,012 companies listed on the NSE and 5,248 companies listed on the BSE. A company's brand value, performance, and other factors can affect the price of its shares.

There are some companies in the Indian Stock Market that are among the most expensive stocks in India, although most shares are under Rs.1000. The Brand Name and strong fundamentals of most companies contribute to such high prices, but this is not always the case.

• MRF

MRF stands for Madras Rubber Factory. As of September 6, 2022, the share price of MRF on BSE and NSE is Rs. 85,125 and Rs.84,356 respectively. When the company first listed in the market on April 27, 1993, the share price closed at Rs.11 per share.

Why is MRF Share Price High?

Since MRF has been listed on the market, the company hasn't split its shares since it was listed. This makes MRF one of the most expensive shares in India.

As a result of the quality and durability of MRF's products, the company also enjoys a high brand value.

Despite MRF's P/E ratio being 57.69 and the industry's being 27.02, the company's shares are still in the top three among its peers. Moreover, the company has a healthy cash flow and is almost debt-free.

• Page Industries

In 1995, Page Industries incorporated in India with the goal of bringing the innerwear brand Jockey to the country. Speedo and Jockey are the company's two main brands. The second most expensive share in India is Page Industries. Page Industries' shares were trading at Rs. 49,786 as of September 5, 2022.

Monopoly over Brand Jockey

The brand Jockey is manufactured, marketed, and distributed exclusively by Page Industries in India. In addition to India, Page Industries sells Jockey products in Sri Lanka, Bangladesh, Nepal, UAE, Oman, and Qatar.

Jockey enjoys a monopoly over its products in several countries, which is a major reason why Page Industries is among the highest share prices in India. Jockey has a pan-India presence and Page Industries has a pan-India presence. With a good brand name, Jockey is known for its quality products and comfort.

Due to the increasing per capita income and the majority of the population being young and brand-conscious, Jockey is expected to grow even in the future.

Strong Distribution Network

A strong distribution channel plays an important role in this business, and Page Industries has over 1,131 Exclusive Brand Outlets (EBO) throughout India. In addition, Jockey can be found in more than 2,580 large format stores like Lifestyles, Pantaloons and Shoppers Stop.

Financial Analysis of Page Industries

• Throughout the last five years, Page Industries has had a gross profit margin of 50%, which speaks well of its efficiency.

• Throughout the last five years, the company has enjoyed good operating profit margins, indicating that despite various fixed and variable costs, the company is able to maintain good profitability.

• This shows that Page Industries has negligible debt and no obligation to pay any debtors, as their debt to equity ratio is 0.10.

• A company's return on equity is another important ratio that shows how much it is returning to its shareholders. Since 2005, Page Industrie has posted an average return on equity of 46%, which is exceptional

It is a well-established company with very strong financials, but its shares are somewhat on the high side despite its strong brand name and popularity with the youth.

• Honeywell Automation India Limited (HAIL)

Since 1984, Honeywell Automation India Limited has been a leading manufacturer and supplier of integrated automation products and software solutions, which are widely used by a variety of industries to ensure home and business premises are safe and efficient.

As of September 5, 2022, the company trades at Rs. 41,826 at NSE and Rs. 41,990 at BSE, making it one of the third most expensive shares in India. It was first listed on the BSE in March 1993 at Rs. 211.50.

Strengths

Automation and combustion control, sensing controls, and engineering services are some of the products offered by the company worldwide. HAIL has access to some cutting-edge technologies from its parent company Honeywell International Inc. which gives it an edge over its competitors

With its diverse business segments, Honeywell Automation can offer its services to a wide range of industries, including Oil and Gas, Chemicals/Petroleum, Airports, Transport, Defense, etc.

Financial Analysis of HAIL

HAIL's profit growth over the past five years has been 19.13 percent and it is almost debt-free. In March 2022, HAIL's revenue has fallen from Rs. 3,290 Cr in 2020 to Rs. 2,948 Cr in March 2022, and its net profit has declined from Rs. 491 Cr in 2020 to 339 Cr in March 2022.

From 19.30% in 2021, the ROE of the company has fallen to 12.5% in March 2022.The company has, however, shown significant improvement in the first quarter of 2022 with a 102 crore net profit in June 2022 compared to 73 crores in March 2022. In the same quarter, EPS jumped from 115.33 to 82.19.

• 3M India

Probably you haven't heard of 3M India that often since it is usually the brand behind other brands. It is a subsidiary of 3M USA. The company is divided into four segments: Safety and Industrial, Transportation & Electronics, Health Care, and Consumer.

There is a wide range of industrial tapes available in this sector, including polyester, vinyl, foil, and specialty industrial tapes, as well as scotch filament and scotch-making tapes. Skin care products and surgical devices are included among the products in the health segment.

Under the Scotch brand, the transport and electronics segments provide services such as personal protection products, brand protection, asset protection, border control, and more, while the Consumer segment provides tapes, adhesives, and packaging protection for home and office use.

Strengths

3M India's science-based technology and diverse products provide solutions across almost every industry with over 60000 products in its portfolio. Due to a diverse product base and strong fundamentals, it can be considered a recession-proof stock.

Financial Analysis of 3M India

In India, 3M India is the fourth most expensive share. Currently, 3M is virtually debt-free and its share price closed at Rs. 23,340 on September 5, 2022. For the past 3 years, the company has shown slow revenue growth of 4.38% and is currently trading at a PE of 81.4.

With a current ratio of 3.12 and a healthy interest coverage ratio of 121, the company has a solid liquidity position.

• Shree Cements

Shree Cements is one of India’s leading players in the cement industry. In terms of market capitalization, it ranks third after Ultratech cement and Ambuja.

Strengths

In addition to its successful operations in Haryana, Punjab, Himachal, and J&K, Shree Cements is one of the leading cement manufacturers in North India. In addition to Shree Cement, Shree Power and Shree Mega Power have also expanded their presence in the power sector.

Financial Analysis of Shree Cement

For the past three years, Shree Cement has maintained a good profit growth of 4.81% and its debt has been reduced by 8,256 Cr. Furthermore, the company managed to maintain 26.4% effective operating margins over the last five years.

My name is Anubhav and i write articles on multiple topics. Thanks for showing support.