Let’s explore the most expensive stocks in India as of mid-2025 and understand why their prices are so high
In the Indian stock market, a select group of companies have reached extremely high share prices—some even crossing ₹1 lakh per share. These companies are not always the biggest in terms of total market value, but their stock prices reflect long-standing investor trust, strong financial performance, and limited share supply. Stocks in this category are often considered elite, exclusive, and financially solid.
Let’s explore the most expensive stocks in India as of mid-2025 and understand why their prices are so high.
MRF Ltd – India’s Most Expensive Stock
MRF (Madras Rubber Factory) has long held the title of the highest-priced stock in India. As of July 2025, MRF shares are trading between ₹1,38,500 and ₹1,49,200 per share. Earlier this year, the stock had fallen to a 52-week low of around ₹1,02,000, but it bounced back strongly due to improved financial performance.
In the last three years, MRF’s sales have grown from ₹19,317 crore in FY22 to ₹28,153 crore in FY25. This is a solid growth rate of about 13% per year. During the same period, the company’s net profit jumped from ₹669 crore to ₹1,869 crore, which is a growth rate of 50% per year. These numbers show that MRF has not only increased its revenue but also improved profitability.
Another key figure is ROCE: Return on Capital Employed. This tells how efficiently a company uses its capital. MRF’s ROCE improved from 6% to 14%, showing better use of resources. Though the stock’s price-to-earnings (P/E) ratio is a bit higher than the industry average, investors are willing to pay more because of the company’s consistent performance and trusted brand name.
MRF has never split its shares, meaning each share represents a large part of the company. This is one reason why its share price is so high.
Page Industries – Premium Brand, Premium Price
Page Industries, the company behind Jockey and Speedo in India, has consistently remained among the top high-priced stocks. As of July 2025, its share price is between ₹48,200 and ₹48,900. Though it doesn’t cross the ₹1 lakh mark, it remains one of the costliest stocks in the country.
Between FY22 and FY25, Page Industries increased its revenue from ₹3,886 crore to ₹4,935 crore. That’s a yearly growth rate of about 8%. The company’s profits also grew at a healthy 11% per year. These figures show steady performance in a competitive market.
One of the company’s most impressive features is its high ROCE. It was around 67% three years ago and is now at 59%. This level is still very high and shows how well the company uses its money to generate profits.
Page Industries is known for its strong distribution network, quality products, and loyal customer base. The company rarely changes its capital structure, which helps maintain the high stock price.
Elcid Investments – The Hidden Gem
Elcid Investments is not a household name like MRF or Page, but its share price tells a different story. As of mid-2025, Elcid Investments’ stock trades at over ₹1.49 lakh per share, making it the second most expensive stock in India.
This company is a holding firm, meaning it owns shares of other companies and earns from their dividends and capital growth. It doesn’t run its own product or service business. What makes Elcid unique is its low number of outstanding shares and the fact that it has never split its stock. These two factors make it highly scarce and exclusive.
There is very little trading volume in Elcid shares, which means only a few people own and trade them. Because of this, the share price remains extremely high. Even though the company may not have huge profits like MRF or Page Industries, its rarity makes it a prized possession for some investors.
Honeywell Automation India – Tech Player at ₹40K+
Honeywell Automation India is another high-priced stock, trading between ₹40,600 and ₹42,500 per share. The company provides industrial automation solutions to industries such as aerospace, infrastructure, manufacturing, and chemicals.
Its earnings per share (EPS) as of January 2025 were about ₹596. This shows that the company is making strong profits per share. Honeywell is part of the global Honeywell group, which adds to its reputation and trust factor.
Honeywell’s high share price is supported by its specialized business model, steady profits, and global connections. It is considered a solid long-term investment by many analysts, even though the share price is too high for small investors to buy in large quantities.
Outlook
India’s ₹1 Lakh Club is small but powerful. Companies like MRF, Elcid Investments, Page Industries, and Honeywell Automation have earned their place through years of solid performance and financial discipline. Their high share prices are not just about numbers; they reflect investor trust, business strength, and a history of delivering results. These stocks show that quality often comes with a price, but also with potential rewards.
