Some stocks in the Indian market have shown a clear pattern of wealth creation. These are stocks doubling every three years through strong business decisions and timely moves. Their strong performance is typically driven by strategic capital deployment, timely entry into high-growth sectors, and disciplined execution. Most importantly, these companies belong to emerging sectors such as clean energy, entertainment, or financial services.
Below are examples of stocks that have delivered consistent growth, doubling their value approximately every three years.
Top Five Stocks Doubling Every Three Years
Here are the five best-performing Indian stocks that have consistently doubled investor wealth every three years:
Tips Music Ltd [NSE: TIPSMUSIC]
Tips Music has experienced phenomenal growth over the past six years, capitalising on the digital transformation of the music industry. The enterprise recently declared a crucial partnership with leading streaming platforms to enhance its digital distribution network. Tips Music has expanded its content library by acquiring rights to several classic film soundtracks and investing in new artist development.
Understanding how to identify multibagger stocks often involves recognising companies like Tips Music that adapt effectively to technological shifts in their industry.
Key Details of Tips Music Ltd Stocks:
| Parameter | Value |
| Price (as of 31 May 2019) | ₹5.19 |
| Price (as of 27 May 2022) | ₹153.27 |
| Price (as of 29 May 2025) | ₹647.55 |
| Percentage Growth (2019-2022) | 2,853.18% |
| Percentage Growth (2022-2025) | 322.49% |
| Company Type | Small Cap |
| Market Cap | ₹8277 crore |
| Beta | 0.81 |
Waaree Renewables Technologies Ltd [NSE: WAAREERTL]
Waaree Renewables has transformed the renewable energy landscape in India through strategic expansion and technological innovation. The company has emerged as a leader in solar module manufacturing and EPC services. Waaree recently commissioned India’s largest solar module production facility with an annual capacity of 12 GW.
Their investment in research and development of high-efficiency modules has strengthened their competitive position in the global market, making it one of the best-performing Indian stocks in the renewable energy sector.
Key Details of Waaree Renewables Technologies Ltd Stocks:
| Parameter | Value |
| Price (as of 31 May 2019) | ₹3.27 |
| Price (as of 27 May 2022) | ₹63.71 |
| Price (as of 29 May 2025) | ₹3,017.10 |
| Percentage Growth (2019-2022) | 1,848.32% |
| Percentage Growth (2022-2025) | 4,635.53% |
| Company Type | Small Cap |
| Market Cap | ₹86,676 crore |
| Beta | 1.28 |
Crestchem Ltd [BSE: 526269]
Crestchem has established a strong presence in the speciality chemicals market through consistent product innovation and operational efficiency. The company focuses on developing eco-friendly chemical solutions for various industries.
The enterprise recently announced the completion of new catalysts for green chemistry applications, creating new revenue opportunities. Their dedication to sustainability and manufacturing excellence has opened up export opportunities for the company in Asia and Europe, contributing to its recognition as a high-growth potential stock.
Key Details of Crestchem Ltd Stocks:
| Parameter | Value |
| Price (as of 27 May 2019) | ₹15.60 |
| Price (as of 27 May 2022) | ₹46.80 |
| Price (as of 29 May 2025) | ₹182.00 |
| Percentage Growth (2019-2022) | 200.00% |
| Percentage Growth (2022-2025) | 288.89% |
| Company Type | Small Cap |
| Market Cap | ₹54.00 crore |
| Beta | 0.23 |
Ganesh Housing Corporation Ltd [NSE: GANESHHOUC]
Ganesh Housing Corporation has demonstrated remarkable growth in the real estate sector through strategic land acquisitions and innovative project development. The company has established a strong presence in western India with premium residential and commercial projects. Ganesh Housing recently launched several residential and commercial projects.
Their specialisation in mid to premium segment housing, with a strong focus on amenity and sustainability features, worked very well with evolving consumer preferences, making it one of the most consistent growth stocks in India in the real estate sector.
Key Details of Ganesh Housing Corporation Ltd Stocks:
| Parameter | Value |
| Price (as of 31 May 2019) | ₹57.90 |
| Price (as of 27 May 2022) | ₹261.50 |
| Price (as of 29 May 2025) | ₹1,016.80 |
| Percentage Growth (2019-2022) | 351.64% |
| Percentage Growth (2022-2025) | 288.83% |
| Company Type | Small Cap |
| Market Cap | ₹8,478 crore |
| Beta | 1.56 |
Central Depository Services (India) Ltd [NSE: CDSL]
Central Depository Services has strengthened its position in the financial infrastructure space through technological advancement and service diversification. The company provides crucial depository services for securities markets in India. CDSL recently crossed the milestone of 11 crore demat accounts, reflecting the growing retail participation in Indian equity markets.
Their attention to security and system stability has made them a partner that users may trust in the securities space. This has translated to being one of the stocks doubling every three years in the financial services sector.
Key details of Central Depository Services (India) Ltd stocks:
| Parameter | Value |
| Price (as of 31 May 2019) | ₹113.93 |
| Price (as of 27 May 2022) | ₹541.10 |
| Price (as of 29 May 2025) | ₹1,513.00 |
| Percentage Growth (2019-2022) | 374.94% |
| Percentage Growth (2022-2025) | 179.62% |
| Company Type | Small Cap |
| Market Cap | ₹31,621 crore |
| Beta | 1.34 |
Final Words
The Indian equity market has witnessed extraordinary wealth creation opportunities through companies that have achieved consistent growth over multiple periods. The stocks mentioned above are indicators of the businesses that have utilised opportunities presented by the sectors and have ensured operational efficiencies in those areas.
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