The world is moving towards electric vehicles very quickly, as a result, a lot of Electric Vehicle stocks may give very high returns. As an investor, you should have knowledge about these stocks no matter whether you are a beginner or a pro-investor. Here, we will share the best Electric Vehicle Stock in India that may give very high returns in near future.
Hope you know in the electric vehicle sector a lot of companies coming but after a few years, only a few companies will survive in the race. Rest the company’s stocks may not give a high return.
The hipe of the sector in the market is very high as of now. You should always ignore the hype and always follow the investing rules to avoid losses. So, do not invest all in this sector all the money in the thought that the sector will give a high return.
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About Electric Vehicle
As you know fuel prices are increasing day by day and there is no source of fuel in India for vehicles. One day, the fuel will end as a result now the government is focusing on electric vehicles and green energy too.
As an investor, if you invest in Electric vehicle stocks most probably in the future you may get a very high return. So, there are very huge chances to get a high return from the sector but it is not confirmed that you’ll get a return because in each sector times problems may come.
If you are thinking to invest in the sector then make sure you are investing in only quality stocks after checking the company’s fundamentals and how they work to grow their company.
Below we are sharing some best Electric Vehicle stocks in India, in which you should invest before your own research of each company.
Rules to Follow Before Investing
Below we are sharing some rules you should follow while investing in stocks to minimize your risk and maximize your profit or return. So, make sure you follow these rules.
Rule #1: Do not invest all the money in 1 sector’s stocks. No matter what is the future of the sector. In case, you invested all the money in 1 sector, if the sector’s stocks face any issue then you’ll face a huge loss.
Rule #2: Invest a maximum of 5% – 7% of the total money in any stock. Suppose you have Rs. 1 Lakh the invest only 5000 – 7000 in any stock.
Rule #3: Invest in a maximum of 2-3 stocks of any sector. When any sector will face problems then other sectors’ stock will save you from huge losses.
Rule #4: Invest in any stock when the stock the available at a 10% low from its 52-week high. Some people invest in stocks at high, as a result, they did not get good returns on their investments.
Rule #5: Invest in stocks for at least 5 – 10 years to get very high returns. This year, the market is very negative as a result some beginner investors sold their holdings in panic. In short, the market will go up and down but in the next 5 years, it will give a very huge return.
Factors to Consider Before Investing
Above we shared some rules you should follow to maximize your return and control your mind when the stock is not moving or giving loss. Not only rules you also have to follow some factors while investing in stocks if you don’t have much knowledge about the stock market and investing.
Note: We are only sharing a few factors, check other factors in detail on the internet. We are not sharing because our aim is to focus on stocks.
➥ Sectors to Invest
You should invest your maximum money in those sectors that can give high returns in the upcoming year. You should avoid those sectors where growth is very slow.
➥ Industry Leader
In case, you are a beginner and don’t have the capacity to take high risks then you should invest in those stocks that are sector leaders. If you are investing in a sector leader then there is a huge chance to get good returns in the future.
➥ Remove Losing Stocks
Remove those stocks from your portfolio that are giving huge losses due to issues in the company. Do not remove any stocks from your portfolio due to common bad news because it happens from time to time with each stock.
➥ Buy at a 10% Discount
Do not buy any stock when it is near its 52-week high. Always try to buy a stock with at least a 10% discount from its 52-week high. There is a great feature called GTT, you can use the feature in case you can not track stock price regularly.
Best Electric Vehicle Stocks in India
Here we are going to share the best electric vehicle stocks in India. In the electric vehicle sector, there are some segments that are mentioned below. The segments are the core of the sector so, you have to do deep research on the below-mentioned electric vehicle stocks.
Note: We are not recommending any stocks for investing purposes, we strongly recommend you invest in any stocks before doing your own research about the stocks.
Segments in Electric Vehicle Sector
- Auto Manufacturers: The companies that manufacture or assemble electric vehicles.
- Charging Station: The companies that provide charging stations to charge electric vehicles.
- Battery Manufacturers: The companies that provide batteries for electric vehicles.
- Auto Parts and EV software: The companies that produce spare parts as well as programming for electric vehicles.
Note: Below we are sharing the top 5 Electric Vehicle Stocks in India. We will also share their fundament that may help you to understand the company in a good way. We also request you kindly check other websites for updated fundamental information.
 Rating: 9.8/10 |  Rating: 9.1/10 |
 Rating: 8.5/10 |  Rating: 8.6/10 |
1. Tata Motors
Tata Motors is involved in several categories of vehicles, it is involved in private vehicles to defense vehicles. Recently Tata Motors developed some new defense vehicles. Tata Motors is India’s largest automobile manufactures and it has strong market capture.
Tata Motors’s vehicles are high quality at a good price because of Tata Steel and other companies. Investing in Tata Motors can be a good idea and the stock is available at a high discount.
In the future, other Tata companies like Tata Steel, Tata Power, TCS, etc will support Tata Motors to create electric vehicles at a cheap price. As a result, the company performs better in the upcoming time.
Ratios
| PE Ratio | -14.53 |
| Price to Book Value | 5.37 |
| EV to EBIT | -261.98 |
| EV to EBITDA | 10.13 |
| EV to Capital Employed | 1.94 |
| EV to Sales | 0.78 |
| PEG Ratio | 0.00 |
| Dividend Yield | NA |
| ROCE | -0.74% |
| ROE | -36.98% |
Shareholding Pattern
| Title | Sep 22 | Jun 22 |
|---|---|---|
| Promoters | 46.40% | 46.40% |
| FIIs | 13.71% | 14.45% |
| Mutual Funds | 6.83% | 6.47% |
| Insurance Companies | 7.28% | 6.94% |
| Other DIIs | 1.21% | 1.12% |
| Non-Institution | 24.57% | 24.62% |
2. Mahindra & Mahindra
Mahindra & Mahindra is also known as M&M. This is an Indian multinational company with strong fundamentals. As you can see a lot of M&M cars everywhere. The company is doing great and most probably it will give a high return in the upcoming years.
Some products that Mahindra & Mahindra makes:
- Pickups
- Tractors
- Two Wheelers
- Commercial Vehicles
- SUVs to Electric Vehicles
- and much more…
Currently the M&M stock price trading at rs. 1351 which is very near to its 52-week high. The 52-week high of the stock is 1366.55 and 52 week low is 617.15 as of now. It means the stock is given high returns in the year.
The stock has given a 54.81% return in 1 year, while the sector has given an 18.17% return. The MARKET CAP of the company is Rs 1,67,272 Cr. The Data is really impressive.
Ratios
| PE Ratio | 21.07 |
| Price to Book Value | 3.57 |
| EV to EBIT | 15.52 |
| EV to EBITDA | 12.38 |
| EV to Capital Employed | 2.18 |
| EV to Sales | 2.25 |
| PEG Ratio | 0.16 |
| Dividend Yield | 0.85% |
| ROCE | 10.88% |
| ROE | 13.32% |
Shareholding Pattern
| Title | Sep 22 | Jun 22 |
|---|---|---|
| Promoters | 19.38% | 19.45% |
| FIIs | 38.27% | 37.94% |
| Mutual Funds | 15.01% | 14.81% |
| Insurance Companies | 12.00% | 8.18% |
| Other DIIs | 1.57% | 6.01% |
| Non-Institution | 13.76% | 13.61% |
3. Ashok Leyland
Ashok Leyland belongs to the Hinduja group, it is the largest company in auto – the truck sector, 2nd largest manufactures of commercial vehicles in India, 4th largest manufacturer of buses in the world, and much more.
Ashok Leyland has launched a few electric vehicles (trucks, buses, etc) in the market. You can check their official website for complete information about the company and its products.
The Market Cap is Rs. 43,513 Cr. The current 52-week high of the stock is 169.45 and the 52-week low of the stock is 93.20. Currently, the stock is trading at Rs. 148.15. Below is some important fundamental information.
Ratios
| PE Ratio | 107.74 |
| Price to Book Value | 5.94 |
| EV to EBIT | 22.99 |
| EV to EBITDA | 17.50 |
| EV to Capital Employed | 2.30 |
| EV to Sales | 1.84 |
| PEG Ratio | 0.18 |
| Dividend Yield | 0.68% |
| ROCE | 6.86% |
| ROE | -1.96% |
Shareholding Patterns
| Title | Sep 22 | Jun 22 |
|---|---|---|
| Promoters | 51.54% | 51.54% |
| FIIs | 17.59% | 15.03% |
| Mutual Funds | 12.78% | 14.93% |
| Insurance Companies | 5.76% | 5.34% |
| Other DIIs | 1.05% | 1.54% |
| Non-Institution | 11.28% | 11.62% |
4. Hero Motocorp
Hero Motocorp is the most popular company for motorcycles and scooters and it can be easily seen anywhere on the road. Hope you know that recently Hero Motocorp entered the EV segments.
Recently Hero Motocorp launched its first EV scooters in the market in October month. This company focuses on two-wheeler electric vehicles and we all know how famous is Hero Motocorp.
The market cap is Rs. 54,274 Cr. The 52-week high of the stock is 2938.60 and the 52-week low of the stock is 2146.85. Currently, the stock is trading at 2668.50.
Ratios
| PE Ratio | 20.56 |
| Price to Book Value | 3.25 |
| EV to EBIT | 15.52 |
| EV to EBITDA | 12.76 |
| EV to Capital Employed | 3.97 |
| EV to Sales | 1.49 |
| PEG Ratio | 0.00 |
| Dividend Yield | 3.56% |
| ROCE | 25.61% |
| ROE | 15.80% |
Shareholding Patterns
| Title | Sep 22 | Jun 22 |
|---|---|---|
| Promoters | 34.77% | 34.78% |
| FIIs | 27.79% | 28.84% |
| Mutual Funds | 10.98% | 9.74% |
| Insurance Companies | 1.48% | 1.26% |
| Other DIIs | 14.43% | 14.58% |
| Non-Institution | 10.54% | 10.81% |
5. Olectra Greentech
Olectra Greentech is different from other above-mentioned companies. This company only focuses on Electric buses or you can say it’s an electric bus manufacturer. Not only electric buses, but this company is also involved in a few product manufacturers.
The Market Cap is Rs. 4,606 Cr. The 52-week high of the stock is 888.80 and the 52-week low of the stock is 535.85. Currently, the stock is trading very near to its 52-week low i.e. 554.85.
Ratios
| PE Ratio | 83.25 |
| Price to Book Value | 5.70 |
| EV to EBIT | 52.43 |
| EV to EBITDA | 38.65 |
| EV to Capital Employed | 5.92 |
| EV to Sales | 4.81 |
| PEG Ratio | 0.45 |
| Dividend Yield | 0.07% |
| ROCE | 11.29% |
| ROE | 6.84% |
Shareholding Patterns
| Title | Sep 22 | Jun 22 |
|---|---|---|
| Promoters | 50.02% | 50.02% |
| FIIs | 10.41% | 9.02% |
| Mutual Funds | 0.00% | 0.00% |
| Insurance Companies | 0.00% | 0.00% |
| Other DIIs | 0.03% | 0.04% |
| Non-Institution | 39.54% | 40.93% |
FAQs
Some best EV stocks with good fundaments and business models are mentioned above. Check the stocks above and do your own research before investing.
As of now, it is hard to say which company is leading because it is the beginning of the EV and a lot of companies are coming into this. So follow investing rules to minimize risk and maximize your profits.
Yes, you should invest in EV components-making companies because when the EV vehicle-making companies will grow they will also grow. Above we listed some main major components of EV segments.
Final Words
There are a lot of companies in the EV stocks but all companies almost doing the same at this time and it is hard to say which company is leading. So, we strongly recommend you do not invest blindly in Electric Vehicle stocks at this time. Read more articles related to the stock guide and more on moviden.com.