Best Large Cap Stocks Under Rs 1000 to Watch for Long-Term in 2023

Best Large Cap Stocks Under Rs 1000 - Cover Image

Best Large Cap Stocks Under Rs 1000: Large cap companies enjoy a lot of investor confidence because of their proven track record and revenue stability. Thus, they attract risk-averse investors who want steady capital appreciation and dividend income with lesser volatility. Along these lines, we present you the top large cap stocks under Rs 1000. […]

The post Best Large Cap Stocks Under Rs 1000 to Watch for Long-Term in 2023 appeared first on Trade Brains.

Best Large Cap Stocks Under Rs 1000: Large cap companies enjoy a lot of investor confidence because of their proven track record and revenue stability. Thus, they attract risk-averse investors who want steady capital appreciation and dividend income with lesser volatility. Along these lines, we present you the top large cap stocks under Rs 1000.

Best Large Cap Stocks Under Rs 1000

Below we’ll study the best large cap stocks under Rs 1000 along with their brief history, business models, and key metrics.

Best Large Cap Stocks Under Rs 1000 #1 – United Spirits Ltd.

best large cap stocks under Rs 1000 - United Spirits logo
CMP ₹762 Market Cap (Cr.) ₹55,500
EPS ₹16.7 Stock P/E 47
RoCE 25% RoE 20%
Promoter Holding 57% Book Value ₹79
Debt to Equity 0.10 Price to Book Value 10
Net Profit Margin 9% Operating Profit Margin 17%

A subsidiary of Diageo PLC, United Spirits Ltd. (USL) is a prominent alcohol beverage company in India. It is the largest spirits company in the country and the second largest in the world. Diageo holds a majority 56.7% stake in the company as a promoter.

USL has a large portfolio of almost 80 brands including McDowell’s No.1, Johnnie Walker, Black Dog, Royal Challenge, Antiquity, Black & White, VAT 69, Signature, Smirnoff, and Captain Morgan.

The spirits maker holds an impressive 32% market share in the nation and has over 47 sites and a widespread presence with 70,000+ outlets.

Over the years, United Spirits have slowly moved away from mass-market drinks such as beers and shifted its focus to premium and costlier drinks. In FY22, the premium spirits segment accounted for a majority of 72% of the total revenues for the company.

The stock of the alcoholic beverages company presently trades at a price-to-earnings ratio of 47. It has nil debt with high return ratios highlighting the highly profitable nature of the business.

Best Large Cap Stocks Under Rs 1000 #2 – Tata Consumer Products Ltd.

best large cap stocks under Rs 1000 - TCPL logo
CMP ₹719 Market Cap (Cr.) ₹66,750
EPS ₹12.5 Stock P/E 63
RoCE 10% RoE 7%
Promoter Holding 34% Book Value ₹160
Debt to Equity 0.09 Price to Book Value 4
Net Profit Margin 8% Operating Profit Margin 14%

Tata Consumer Products Ltd. (TCPL) was formed in 2019 after the merger of the consumer business of Tata Chemicals Ltd. and Tata Global Beverages Ltd. (TGBL). After this, the name of the company was changed to Tata Consumer Products.

As the name tells, TCPL is owned by the salt-to-software conglomerate Tata Group which holds a 34% promoter stake in the company. Over the years, it has grown via organic and inorganic routes to build a worldwide presence.

Presently, the FMCG company sells tea, coffee, breakfast cereal, kitchen essentials, and other products under its well-known brands such as Tata Tea, Tetley, Tata Salt, Eight O’Clock, Tata Sampann, and Tata Soulfull. In a recent development, Tata SmartFoodz (which owns TataQ, a ready-to-eat product category) was purchased by TCPL for Rs 395 crore.

As a feather in its cap, TCPL also manages 268 outlets of Starbucks Cofee in India in a joint venture with the renowned coffee company.

Recently, Tata Consumer Products has been in the news with the proposed merger of Tata Coffee into itself. The company already owns a majority 57.48% stake in the company.

Talking about the earnings growth, the operating income and net profit grew at an annualized rate of 10.62% and 14.32% respectively in the previous six fiscals. TCPL reported a net profit of Rs 1,015 crore on sales of Rs 12,425 crore in FY22.

Also ReadBest Small Cap Stocks Under Rs 50 – Top Stocks To Watch in 2023

Best Large Cap Stocks Under Rs 1000 #3 – Bharti Airtel Ltd.

Airtel logo
CMP ₹770 Market Cap (Cr.) ₹444,000
EPS ₹12.8 Stock P/E 61
RoCE 12% RoE 6%
Promoter Holding 55% Book Value ₹131
Debt to Equity 2.99 Price to Book Value 6
Net Profit Margin 6% Operating Profit Margin 49%

Founded almost three decades ago in 1985, Bharti Airtel is India’s leading telecommunication giant with an international footprint. It was established by Sunil Bharti Mittal who currently serves as the Chairman. Gopal Vittal is the managing director and CEO of the company.

Airtel, as it is popularly known, provides 4G, 4G+, and 5G mobile network services. Its global operations are spread across 17 nations in Asia and Africa. In addition to mobile network services, it is also a preferred choice of ICT, broadband, and DTH services. Lately, it has also forayed into financial services setting up Airtel Payments Bank and offering credit cards.

The company is valued at over Rs 4,40,000 crore and is one of the largest telecom companies in the world in terms of mobile network subscribers. It has a large portfolio of submarine cables and satellite networks spread across 50 countries and 5 continents.

Airtel has won back the telecom market share in India slowly in the last few quarters. India’s telecom market was disrupted by when Mukesh Ambani-led Reliance launched Jio 4G at nominal rates.

For the December quarter that ended 2022, the adjusted gross revenue market share (Revenue Market Share or RMS) stood at 36.2%, behind Jio’s 41.1%. Not just this, recently the company announced that its 5G services are already available in 500 cities, putting Reliance-Jio behind which has a presence in some 400 cities.

Furthermore, the telecom giant has consistently reported profits since December 2020 quarter. As per the quarterly shareholding data, promoters, DIIs, and FIIs held 55.12%, 21.70%, and 19.02% stakes in the company respectively. Public shareholding stood at 4% only.

Best Large Cap Stocks Under Rs 1000 #4 – Axis Bank Ltd.

Axis Bank logo
CMP ₹849 Market Cap (Cr.) ₹261,500
EPS ₹67.00 Stock P/E 12.8
RoA 1.3% RoE 13.7%
Promoter Holding 8.2% Book Value ₹385
NIM 4.3% Price to Book Value 2.19
GNPA 2.38% NNPA 0.47%

Axis Bank was founded 30 years ago in December of 1993 as UTI Bank.  It was started by a consortium of government entities back then, including UTI, LIC of India, General Insurance Corporation, National Insurance Company, and others. Presently, the government of India holds a minority 8.2% promoter stake in Axis Bank through LIC of India.

Over the last three decades, Axis Bank has grown into the third largest private sector bank in India after HDFC Bank and ICICI Bank.

As a universal bank, it offers a broad range of services to retail, MSME, and corporate customers such as personal loans, mortgage loans, deposits, credit & debit cards, foreign exchange, current accounts, debt and working capital financing, treasury, and much more.

In addition to banking services, Axis offers investment banking, broking, and asset management services through its various subsidiaries. The bank has a strong workforce of 87,575 employees spread across its 4,849 branches.

Not just in traditional banking, Axis also leads in the digital banking space with 17% UPI, 15% mobile banking, and 12% credit card market share.

The bank reported a high provision coverage ratio of 81% and a low NNPA of 0.47% at the end of the December 2022 quarter. Its net interest income (NII) grew by 32% year-on-year (YoY) and 11% quarter-on-quarter(QoQ) to Rs 11,459. At the same time, the net interest margin (NIM) expanded to 4.26%.

Best Large Cap Stocks Under Rs 1000 #5 – ICICI Bank Ltd.

ICICI bank logo
CMP ₹887 Market Cap (Cr.) ₹620,000
EPS ₹45.80 Stock P/E 19.4
RoA 1.8% RoE 14.8%
Promoter Holding 0.0% Book Value ₹262
NIM 4.0% Price to Book Value 3.36
GNPA 3.1% NNPA 0.6%

Founded 29 years ago in 1994, ICICI Bank is a banking and financial services giant offering a broad range of retail, MSME, and corporate banking products and services. It also provides investment banking, life insurance, non-life insurance, venture capital, asset management, and stock broking services through its various subsidiaries and group entities.

At the end of FY22, the bank had 5,418 branches and 13,626 ATMs. In addition to its pan-Indian presence, it also has subsidiaries in the UK and Canada and branches in the United States, Singapore, and other countries.

Over the years, ICICI Bank has played a pivotal role in the development of the Indian financial ecosystem. It has been involved in the setting up of NSE, NCDEX, CIBIL, and CRISIL. Furthermore, it also assisted in the bailout of the troubled Yes Bank acquiring a 5% stake in the bank.

The stock presently offers a return on equity of 14.8% and a return on assets of 1.8%. It trades at a price-to-book value ratio of 3.36. After the quarter that ended in December 2022, the bank reported improvement in asset quality with GNPA and NNPA declining to 3.1% and 0.55% respectively.

Also ReadBest Mid Cap Stocks Under Rs 50 – Analysis and Complete List

List of Top Large Cap Stocks Under Rs 1000

The table below puts a list of the Top large cap stocks untogether with the stocks we looked at above and a few others.

Company Industry MCap(Cr) Current Price (Rs)
ICICI Bank Ltd. Bank – Private 624530.75 895.2
ITC Ltd. Cigarettes,Tobacco 497493.55 400.3
State Bank Of India Bank – Public 486123.6 544.7
Bharti Airtel Ltd. Telecommunication – Service Provider 461037.92 772.5
Life Insurance Corporation of India Insurance 349139.87 552
Axis Bank Ltd. Bank – Private 267381.4 868.8
Sun Pharmaceutical Industries Ltd. Pharmaceuticals & Drugs 236970.32 987.3
Oil & Natural Gas Corporation Ltd. Oil Exploration 200215.14 159.15
Wipro Ltd. IT – Software 199133.79 362.85
JSW Steel Ltd. Steel & Iron Products 172915.86 715.2
NTPC Ltd. Power Generation, Distribution 164406.97 169.3
Power Grid Corporation Of India Ltd. Power Generation, Distribution 160993.45 230.7
Tata Motors Ltd. Automobiles-Trucks,Lcv 158365.5 476.8
Adani Green Energy Ltd. Power Generation, Distribution 147837.75 939.3
Adani Ports and Special Economic Zone Ltd. Port 143919.26 666.25
Coal India Ltd. Mining & Minerals 141403.8 229.45
Hindustan Zinc Ltd. Metal – Non Ferrous 138294.69 327.3
Tata Steel Ltd. Steel & Iron Products 131991.78 108
HDFC Life Insurance Co Ltd. Insurance 113778.28 529.45
Indian Oil Corporation Ltd. Refineries 110456.33 78.35
Vedanta Ltd. Metal – Non Ferrous 103914.3 279.55
DLF Ltd. Construction – Real Estate 102539.79 414.25
Adani Total Gas Ltd. Gas Transmission, Marketing 102073.37 928.1
Godrej Consumer Products Ltd. Household & Personal Products 99652.19 974.4
Hindalco Industries Ltd. Metal – Non Ferrous 96415.88 429.05
Dabur India Ltd. Household & Personal Products 93070.73 525.3
Bank Of Baroda Bank – Public 91843.39 177.6
Adani Power Ltd. Power Generation, Distribution 75692.43 196.25
Ambuja Cements Ltd. Cement & Construction Materials 75603.44 380.75
Bharat Electronics Ltd. Engineering – Industrial Equipments 75159.15 102.82
Bharat Petroleum Corporation Ltd. Refineries 74546.37 344.1
Cipla Ltd. Pharmaceuticals & Drugs 72934.72 907
GAIL (India) Ltd. Industrial Gases & Fuels 71602.84 108.45
SBI Cards And Payment Services Ltd. Finance – NBFC 71258.32 753.2
Cholamandalam Investment and Finance Company Ltd. Finance – NBFC 69306.22 842.1
ICICI Prudential Life Insurance Company Ltd. Insurance 65577.56 455.85
Tata Consumer Products Ltd. Tea,Coffee 65337.39 703.3
Tata Power Company Ltd. Power Generation, Distribution 62740.49 196.35
Marico Ltd. Consumer Food 61014.19 472.05
Jindal Steel & Power Ltd. Steel,Sponge & Iron,Pig Iron 59613.95 585
IDBI Bank Ltd. Bank – Private 56579.14 52.62
Berger Paints India Ltd. Paints 56021.93 577
UPL Ltd. Pesticides & Agrochemicals 54933.22 731.9
United Spirits Ltd. Breweries & Distilleries 54318.28 757.25
Canara Bank Bank – Public 53807.1 296.6
Punjab National Bank Bank – Public 53491.51 48.58
Adani Wilmar Ltd. Edible Oils 53475.28 411.45
Zydus Lifesciences Ltd. Pharmaceuticals & Drugs 51981.74 513.05
Union Bank Of India Bank – Public 49408.39 72.29

In Conclusion

We learned about the top large cap stocks under Rs 1000 from various industries in this article. However, as large cap stocks have high liquidity, investors can look at opportunities above this price without the concern of excess volatility in the stock prices. Along with this, they should take a rather holistic view of the stock giving due consideration to valuations, profitability, earnings growth, and more.

Which are your favorite large cap companies? And why do you prefer them over others? How about you tell us about them in the comments below?

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The post Best Large Cap Stocks Under Rs 1000 to Watch for Long-Term in 2023 appeared first on Trade Brains.

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