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Posted on  June 12, 2025 under  by Ayush Maurya

Top 10 Most Expensive Shares in India [2025 List]

The most expensive share in India 2025 is MRF Ltd., trading at over ₹1.37 lakh per share. Close behind is Elcid Investments, with a share price of ₹1.28 lakh. These high-priced stocks are known not just for their price tags but also for their strong fundamentals, limited availability, and long-term investor trust.

In this blog, we will explore the top 10 most expensive stocks in India, understand what drives their high prices, and whether investing in them makes sense for different types of investors. From iconic names like Page Industries and Shree Cement to niche companies like Yamuna Syndicate and Bombay Oxygen, each stock has a unique growth story worth knowing.

Understanding Expensive Shares: What Does High Share Price Mean?

When we talk about the most expensive shares in India, it’s not just about a big price tag. A high share price often reflects a company’s strong financial performance, limited number of shares, and consistent investor demand. These high-priced shares in India usually belong to industry leaders with a trusted brand and stable earnings.

But just because a stock is costly doesn’t mean it’s always the best investment. Sometimes, companies with fewer outstanding shares—like MRF or Elcid Investments—have a high per-share value, even if their overall size (market cap) is smaller than larger companies.

In India, the costliest stocks often come from firms with strong market leadership and low stock availability, which increases their value per share. That’s why it’s important to look beyond just the price and evaluate a company’s fundamentals like revenue, profit growth, debt levels, and long-term prospects before investing.

Top 10 Most Expensive Shares in India 2025

Here's a detailed table of the top 10 most costly shares in 2025, including their sub-sector, market capitalisation, current market price (CMP), and 3-year return performance.

Costliest share in IndiaMarket Cap (₹ Cr.)CMP (₹)3yr Return
1. MRF Ltd.58,451₹1,37,820101.02%
2. Elcid Investments2,570₹1,28,51255,63,190%
3. Page Industries52,093₹46,70315.18%
4. Honeywell Auto34,518₹39,04016.80%
5. Yamuna Syndicate1,162₹37,805210.59%
6. Bosch93,746₹31,785129.30%
7. Abbott India67,314₹31,67876.85%
8. Shree Cement1,07,925₹29,91256.57%
9. 3M India33,202₹29,47344.85%
10. Bombay Oxygen365₹24,34098.35%
Data as of 11/06/2025
top Most Expensive Shares

Insights on India's Most Expensive Shares

When it comes to the most expensive share price in India, these companies are not just leading the pack in terms of stock price but also in their respective industries. Below, we’ll take a closer look at each company, its history, core business, and future outlook.

1. MRF Ltd. (Madras Rubber Factory)(₹1,37,820) – Second Most Expensive Stock

MRF Ltd. continues to be India’s most expensive stock in 2025, priced above ₹1.37 lakh per share. A pioneer in the tyre manufacturing sector, MRF was founded in 1946 and has grown to become the country's largest tyre manufacturer.

MRF has never split its shares, which keeps the float limited and stock price high. Its strong fundamentals, consistent profits, and premium brand image make it one of the most trusted high-priced shares in India.

2. Elcid Investments (₹1,28,512) – Second Most Expensive Stock

Once the most expensive share, Elcid Investments now ranks second, trading at over ₹1.28 lakh per share. It is a registered NBFC under RBI and primarily acts as an investment company.

Elcid holds valuable investments in top-performing listed companies. Due to its very low public float and minimal trading volume, the stock remains rare and commands a premium price despite limited operational activity.

3. Page Industries

Page Industries, the exclusive licensee of Jockey in India, is a key player in India’s innerwear and lifestyle apparel segment. With a stock price over ₹46,000, it remains one of India’s top high-value stocks.

Known for consistent growth and strong brand loyalty, the company continues to dominate premium innerwear retail, targeting both urban and semi-urban markets.

4. Honeywell Automation

Honeywell Automation India Ltd. is a leader in the field of industrial automation and control systems, serving a wide range of industries, including manufacturing, aerospace, and energy. Honeywell Automation’s stock has earned the position of the high-price stock in India thanks to its commitment to innovation and its role in driving digital transformation across Indian industries.

The company's focus on research and development ensures that it stays ahead of competitors.

5. Yamuna Syndicate

Honeywell Automation is a leader in industrial automation and smart technology solutions across sectors like energy, aerospace, and infrastructure.

Its high share price reflects the company’s innovation-first approach, stable cash flows, and strong institutional interest. It is among the costliest automation stocks in India, backed by global R&D and local relevance.

6. Bosch Ltd.

Bosch Ltd. is one of the costliest shares in India and a leading automotive technology and engineering company in India, known for its innovations in mobility solutions. The company has been operational in India since 1951 and is part of the global Bosch Group. Bosch’s offerings range from automotive components to industrial technology, making it a key player in both sectors.

7. Abbott India

Abbott India, a subsidiary of the global healthcare company Abbott, has been serving the Indian market for over 100 years. The company provides pharmaceutical products and nutritional supplements that cater to various health needs, including cardiovascular care, diabetes management, and nutrition.

Abbott India’s stock has consistently performed well due to its strong market presence and product innovation.

8. Shree Cement

Shree Cement is one of India’s leading cement producers, focusing on eco-friendly manufacturing processes and operational efficiency. Founded in 1979, the company has grown its market share through strategic capacity expansions and by adopting innovative, sustainable practices.

9. 3M India

3M India, a subsidiary of the American conglomerate 3M, operates across multiple sectors, including healthcare, industrial products, and consumer goods. Founded in 1988, 3M India has gained a reputation for providing innovative solutions that address everyday needs in areas like safety, energy, and healthcare.

The company’s stock price has remained high due to its diversified product portfolio and its commitment to research and development.

Most Expensive Shares in India

10. Bombay Oxygen Investments Ltd.

Bombay Oxygen Investments Ltd. started as a manufacturer of industrial gases but has now transformed into an investment company. Initially established in 1960, the company was known for supplying oxygen and other gases to various industries. However, in recent years, Bombay Oxygen has shifted its focus to investments and has since rebranded itself as a non-banking financial company (NBFC).

These 10 companies represent the top 10 most expensive and high-priced shares in India in 2025, known for their limited float, strong business models, and long-term investor confidence.

Most Expensive Shares in India

What Factors Drive These Share Prices So High?

The costliest shares in India remain expensive due to a combination of strong financial fundamentals, brand dominance, and limited share availability. These high valuations are not random—they are backed by real business performance and investor sentiment.

  • Strong Financial Performance: Companies like MRF and Shree Cement consistently post strong earnings, healthy cash flows, and solid profit margins. Their high earnings per share (EPS) naturally pushes up the share price, making them stand out in the Indian stock market.
  • Limited Share Supply: Companies like MRF have avoided stock splits, meaning fewer shares are available for trading, boosting demand and increasing prices.
  • Brand Value & Market Leadership: Companies that dominate their sectors, like Nestle and Hindustan Unilever in FMCG or Maruti Suzuki in the auto sector, attract strong investor interest, increasing share prices.

Should You Invest in High-Priced Shares?

Investing in the most expensive shares in India can be a tempting option, but it’s essential to consider the pros and cons.

  • Advantages: High-priced shares in India, such as MRF, Page Industries, and Shree Cement, are often considered strong investment options due to their solid business models, consistent earnings, and leadership in their respective sectors. For example, MRF posted double-digit net profit growth in FY 2023–24, strengthening investor confidence. These stocks are also known for their resilience during market downturns and long-term performance stability.
  • Disadvantages: However, investing in these premium-priced shares requires a large initial investment, which may not be affordable for every investor. If the sector faces a slowdown, the drop in value can result in significant capital loss. Also, due to their high cost, it's tough for retail investors to build a diversified portfolio. In such cases, overexposure to a single expensive stock can increase risk.

Factors to Consider Before Investing in the Most Expensive Shares in India

Before jumping into buying the costliest shares in India, here are key factors to consider:

  • Company Fundamentals: Look at financial metrics like revenue growth, earnings per share (EPS), and profit margins. Companies with strong fundamentals tend to sustain their high share prices over the long term.
  • Market Conditions: Keep an eye on the overall market environment. Even the highest-priced stocks can dip during economic downturns or market corrections.
  • Investment Horizon: High-priced shares are typically long-term investments. Investors should be prepared to hold these stocks for several years to reap the benefits of steady growth.

Who Can Invest in the Most Expensive Shares in India?

The high-priced stocks in India aren’t just for high-net-worth individuals. Thanks to platforms offering fractional shares or SIPs (Systematic Investment Plans), even retail investors can buy into these high-value companies.

  • Retail Investors: With SIPs and partial shares available, even small investors can access expensive stocks like MRF and Page Industries.
  • Institutional Investors: Institutional investors, including mutual funds and hedge funds, often invest in these high-priced shares to provide stability and consistent portfolio returns.

Investing in high-priced stocks is no longer limited to the wealthy, but it’s still important for all investors, regardless of size, to carefully evaluate their investment goals and risk tolerance before diving in.

Why Don’t Companies Split Their Shares After Reaching Such High Prices in India?

In India, companies like MRF avoid stock splits to maintain a premium brand image and attract serious long-term investors. While a high share price might seem restrictive to retail buyers, for these companies, it signals stability, exclusivity, and financial strength.

  • Stock Rarity: Fewer outstanding shares create artificial scarcity, increasing demand and keeping prices high. For example, MRF has never done a stock split, helping it remain one of the costliest stocks in India.
  • Investor Perception: High share prices are often seen as a sign of maturity and trustworthiness. In 2023, Shree Cement’s institutional holding rose by 5%, indicating that institutional investors prefer such premium stocks for their consistency and governance.
  • Global Benchmarking: Just like Berkshire Hathaway in the US, many Indian companies want to be seen as elite, valuing investor quality over quantity. They believe that not splitting shares helps maintain long-term value and investor loyalty.
Most Expensive Shares in India

How Stock Splits Affect High-Priced Shares in India

While stock splits make shares more accessible, they do not impact the company’s fundamentals or long-term value. The actual worth of the company remains unchanged — only the number of shares and the face value are adjusted.

In 2023, HDFC Bank announced a stock split, and within the first quarter post-split, retail investor participation jumped by nearly 15%. This shows that splitting high-priced shares can lead to higher liquidity and wider retail interest.

Key Insights:

  • Stock splits increase accessibility for small investors but do not change the underlying valuation or business performance.
  • However, they might reduce the exclusivity of premium stocks like MRF or Page Industries, which traditionally appeal to institutional investors.
  • For companies that aim to keep a premium brand positioning, avoiding splits helps maintain a niche investor base and a perception of stability.

In India, while many investors welcome splits for affordability, some of the most expensive shares prefer not to split to retain their elite market image.

Conclusion

The most expensive shares in India are not just high in price—they are backed by strong fundamentals, trusted business models, and consistent performance. Stocks like Elcid Investments, MRF, and Page Industries have built a reputation for stability and long-term value, attracting investors who look beyond just price.

In today’s market, these companies represent more than just premium tags—they reflect reliability, brand leadership, and steady earnings potential. However, investors must always assess their risk appetite, goals, and portfolio allocation before adding such stocks.

In short, India’s most costly stocks for 2025—especially top high-priced shares like Elcid, MRF, and Honeywell—can be ideal for patient, long-term investors seeking quality over quantity.

Frequently Asked Questions

  1. Which is the most expensive shares in India?

    MRF Ltd. is the most expensive share in India, trading at around ₹1,37,820 per share. It is followed by Elcid Investments (₹1,28,512) and Page Industries (₹46,703). MRF continues to maintain its high valuation due to strong earnings, low share float, and no stock splits.

  2. Are expensive shares better than mid-cap or small-cap shares?

    Not always. Expensive shares often provide stability and steady returns, while mid-cap and small-cap shares offer higher growth potential but have greater risk. The choice depends on your portfolio's risk appetite, investment goals, and the need for diversification.

  3. Do expensive shares offer better returns?

    While high-priced stocks like MRF and Page Industries tend to offer stability and consistent returns, they are not guaranteed to provide better returns than lower-priced stocks. The key is to evaluate the company's financials and growth potential before investing.

  4. Why don’t companies split their shares after reaching high prices in India?

    Many companies, like MRF, avoid stock splits to maintain a sense of exclusivity and attract institutional investors. Keeping the stock price high signals market stability and financial strength, which can enhance investor confidence.

  5. Which are the top 5 most expensive shares in India?

    As of 2025, India's top 5 most expensive shares include MRF Ltd, Elcid Investments, Page Industries, Yamuna Syndicate, and Honeywell Automation. These companies are leaders in their respective industries, with strong financials and high market demand driving their stock prices.

  6. Is it better to invest in high-priced shares or low-priced shares?

    Investing in high-priced shares doesn’t automatically guarantee better returns. The decision should be based on the company’s fundamentals, growth potential, and investment strategy. High-priced shares like MRF and Honeywell Automation are typically considered stable, but every investor’s goals differ.

  7. Which sector has the most expensive shares in India?

    The automobile, industrial automation, and FMCG sectors currently have some of the most expensive shares in India. Companies like MRF (tyres), Honeywell Automation (industrial automation), and Page Industries (apparel) are all leaders in their respective sectors, which drives their share prices higher.

  8. Why is MRF share so costly in India?

    MRF share is expensive because the company has never split its stock, resulting in limited share supply. Combined with consistent profits, strong brand value, and high earnings per share (EPS), this makes MRF one of India’s most valued and sought-after stocks.

Disclaimer: This article is for educational purposes only and should not be considered financial advice. Always conduct your research and consider consulting with a financial advisor before making any investment decisions.

Ayush Maurya

Written by Ayush Maurya

Ayush is a seasoned financial markets expert with over 3years of experience. He has a passion for breaking down complex financial concepts into simple, digestible terms. Through his 50+ articles, Ayush has helped countless individuals navigate the often intimidating world of finance.

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