The 25 largest
Market value, also called market capitalisation, is the share price times the number of shares. It is the standard way to rank companies, and it moves every day. The table uses the market value on WealthTicker's stock pages (refreshed in October 2026) and the P/E and P/B on the same pages. Company names link to each stock page.
| # | Company | Sector | Market value (₹ lakh crore) | P/E | P/B |
|---|---|---|---|---|---|
| 1 | Reliance Industries Ltd | Oil Gas & Consumable Fuels | 16.01 | 18.2 | 3.06 |
| 2 | Bharti Airtel Ltd | Telecommunication | 11.74 | 32.3 | 11.35 |
| 3 | HDFC Bank Ltd | Financial Services | 10.72 | 13.1 | 2.33 |
| 4 | ICICI Bank Ltd | Financial Services | 9.98 | 15.9 | 3.84 |
| 5 | Tata Consultancy Services Ltd | Information Technology | 9.16 | 17.7 | 10.94 |
| 6 | State Bank of India | Financial Services | 8.84 | 10.0 | 2.11 |
| 7 | Bajaj Finance Ltd | Financial Services | 5.75 | 26.1 | 7.39 |
| 8 | Larsen & Toubro Ltd | Construction | 5.02 | 25.6 | 7.62 |
| 9 | Life Insurance Corporation of India | Financial Services | 4.80 | 11.2 | – |
| 10 | Infosys Ltd | Information Technology | 4.72 | 15.6 | 5.70 |
| 11 | Kotak Mahindra Bank Ltd | Financial Services | 4.29 | 21.2 | 3.87 |
| 12 | Hindustan Unilever Ltd | Fast Moving Consumer Goods | 4.21 | 28.2 | 8.36 |
| 13 | Sun Pharmaceutical Industries Ltd | Healthcare | 4.18 | 34.5 | 17.72 |
| 14 | Adani Ports and Special Economic Zone Ltd | Services | 3.93 | 30.0 | 13.37 |
| 15 | HCL Technologies Ltd | Information Technology | 3.87 | 21.1 | 10.63 |
| 16 | Axis Bank Ltd | Financial Services | 3.77 | 12.6 | 2.29 |
| 17 | Titan Company Ltd | Consumer Durables | 3.76 | 65.3 | 25.14 |
| 18 | Mahindra & Mahindra Ltd | Automobile and Auto Components | 3.52 | 17.4 | 6.26 |
| 19 | Maruti Suzuki India Ltd | Automobile and Auto Components | 3.51 | 24.5 | 4.01 |
| 20 | Adani Power Ltd | Power | 3.42 | 23.5 | 8.35 |
| 21 | Adani Enterprises Ltd | Metals & Mining | 3.35 | 44.6 | 18.91 |
| 22 | ITC Ltd | Fast Moving Consumer Goods | 3.23 | 16.0 | 4.44 |
| 23 | UltraTech Cement Ltd | Construction Materials | 3.22 | 36.5 | 5.35 |
| 24 | Hindustan Aeronautics Ltd | Capital Goods | 3.18 | 34.1 | 10.23 |
| 25 | JSW Steel Ltd | Metals & Mining | 2.91 | 10.4 | 3.71 |
What the table shows
- 87 companies are worth ₹1 lakh crore or more, out of 1,027 in our data.
- The ten largest hold 22.8% of the combined market value; the largest 100 hold 66.1%.
- 7 of the 25 are in financial services. The sector is the biggest by weight in the top 100, as the next table shows.
- Among the 25, the lowest P/E is State Bank of India at 10.0 and the highest Titan Company at 65.3. The median P/E of the top 50 is 22.3.
The top 100 by sector
| Sector | Market value of its top-100 companies (₹ lakh crore) | Share of the top 100 |
|---|---|---|
| Financial Services | 69.49 | 27.7% |
| Oil Gas & Consumable Fuels | 25.37 | 10.1% |
| Information Technology | 22.30 | 8.9% |
| Automobile and Auto Components | 17.41 | 6.9% |
| Fast Moving Consumer Goods | 14.95 | 6.0% |
| Healthcare | 13.41 | 5.3% |
| Metals & Mining | 13.39 | 5.3% |
| Telecommunication | 12.96 | 5.2% |
Reading the table
- Market value is not the same as value for money. A P/E of 15 and a P/E of 60 both describe companies of the same size here.
- Rankings change when prices move. Two companies close together in the list can swap places in a day.
- Index funds buy in proportion to the free-float part of market value, not the full figure shown here, so the list is not the same as an index's weights.
- This is a snapshot, not a recommendation to buy or sell any stock.
See also the stocks held by most mutual funds and median P/E by market size.
Source: WealthTicker stock data (market value, P/E and P/B), refreshed 23 October 2026 and earlier in October 2026; sectors as classified there.
Frequently asked questions
Which is the largest listed company in India by market value?
Reliance Industries, at about ₹16.01 lakh crore on WealthTicker's stock data in October 2026, ahead of Bharti Airtel (₹11.74 lakh crore) and HDFC Bank (₹10.72 lakh crore).
How many Indian companies are worth more than ₹1 lakh crore?
87 of the 1,027 listed companies in our data have a market value of ₹1 lakh crore or more.
How concentrated is the Indian market?
The ten largest companies are 22.8% of the combined market value of all 1,027 companies in our data; the largest 100 are 66.1%.
This is commentary on published data, not investment advice. WealthTicker is not a SEBI-registered adviser or distributor. Figures are WealthTicker’s own calculations from public data — AMFI’s fund NAVs and disclosures, NSE’s index and FII/DII files, and the fund houses’ monthly portfolios (how we calculate). They are as of the dates stated and can be revised by their source.
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