High Book Value Stocks List

Elcid Investments, MRF, JSW Holdings, Shree Cement, Bosch Limited, and Page Industries are some high book value stocks in India.

• Elcid Investments has a book value per share of around ₹4,33,672.
• MRF has a book value per share of around ₹48,236.
• JSW Holdings has a book value per share of around ₹29,741.
• Shree Cement has a book value per share of around ₹6,450.
• Bosch Limited has a book value per share of around ₹4,933.
• Page Industries has a book value per share of around ₹1,347.
   

The following table lists some high book value stocks in India.

The figures are based on publicly available financial data as of early August 2026. Book values may change after new financial results, dividends, share issues, buybacks, or changes in assets and liabilities.

1. Elcid Investments

Elcid Investments is an investment company that holds shares, bonds, mutual funds, and other financial instruments.

Its book value per share is around ₹4,33,672. The figure is unusually high partly because the company has a small number of outstanding shares.

For example, if an asset worth ₹10 crore is divided among 10 owners, each owner’s share will be higher than if it is divided among 1,000 owners.

However, shareholders may not receive the full book value because the actual amount depends on the market value and saleability of the investments.

2. MRF

MRF manufactures tyres for cars, commercial vehicles, two-wheelers, aircraft, and other uses.

Its book value per share is around ₹48,236. This high figure is partly because the company’s net worth is divided among a relatively small number of shares.

MRF’s performance may be affected by rubber prices, crude oil prices, vehicle demand, competition, and manufacturing costs.

3. Page Industries

Page Industries manufactures and distributes innerwear, leisurewear, socks, and other apparel. It is the exclusive licensee of the Jockey brand in India and several other countries.

Its book value per share is around ₹1,347.

A large part of its business value may come from its brand, distribution network, customer demand, and ability to earn profits. These factors may not be fully shown in book value.

4. Bosch Limited

Bosch Limited supplies automotive components, mobility technology, industrial products, consumer goods, and building technology.

Its book value per share is around ₹4,933.

Its performance may be affected by vehicle demand, input costs, emission rules, and the shift towards electric vehicles. For example, lower demand for conventional engine parts may require more investment in electric mobility and software.

5. Shree Cement

Shree Cement manufactures cement and related building materials.

Its book value per share is around ₹6,450. Its factories, machinery, land, power plants, and distribution facilities contribute to this value.

However, these assets must also generate sales and profits. A cement plant may have a high recorded value but earn lower returns when demand is weak or fuel costs rise.

6. JSW Holdings

JSW Holdings is an investment holding company. It mainly invests in and lends money to companies within the JSW Group.

Its book value per share is around ₹29,741.

A large part of its book value comes from the investments it holds. Therefore, a rise or fall in the value of these investments may affect its net worth.

You can identify high book value stocks by studying a company’s balance sheet, outstanding shares, market price, and financial performance.

1. Check the company’s financial statements

   
   

   Book value is generally calculated as:

   
   

   Book value = Total assets − Total liabilities

   
   

   Book value per share is calculated as:

   
   

   Book value per share = Shareholders’ equity ÷ Outstanding shares

   
   

   For example, if a company has shareholders’ equity of ₹1,000 crore and 2 crore shares, its book value per share would be ₹500.

   
   

2. Compare book value with the market price

   
   

   A high book value does not always mean that a stock is undervalued. You should compare book value per share with the current market price.

   
   

   Price-to-book ratio = Market price per share ÷ Book value per share

   
   

   For example, if a stock trades at ₹400 and its book value per share is ₹500, its price-to-book ratio is 0.8.

   
   

   A ratio below 1 means the stock trades below its reported book value. However, the lower price may reflect weak profits, high debt, poor asset quality, or limited growth.

   
   

3. Study liabilities and performance

   
   

   Check the company’s debt, cash flow, revenue, profits, return on equity, and dividend history.

   
   

   A company may have valuable assets but still face problems if it has large liabilities. You should also check whether its assets can be sold easily.

   
   

4. Compare companies from the same sector

   
   

   Book value is more useful when you compare companies from the same industry.

   
   

   Cement and tyre companies depend heavily on factories and machinery. Software and consumer companies may depend more on employees, technology, intellectual property, and brands.

   
   
   

Asset backing

Companies with high book values may own substantial land, factories, machinery, cash, or investments.

However, book value is an accounting figure. It does not guarantee that these assets can be sold at the same value.

Potential undervaluation

A stock trading below its book value may appear undervalued.

However, a low price-to-book ratio may also indicate weak profits, poor asset quality, or concerns about the company’s future.

Long-term financial growth

A rising book value may show that a company is retaining profits and strengthening its financial position.

However, you should also check whether the company is using its capital efficiently.

Dividend income

Some companies with stable profits and cash flow may pay dividends.

However, a high book value does not guarantee regular dividends. Payments depend on profits, cash availability, business needs, and management decisions.

High book value stocks can help you identify companies with substantial net assets per share. However, book value alone does not show whether a stock is undervalued or suitable for investment. Before investing in the share market through a Demat account, you should also examine profitability, debt, cash flow, asset quality, return on equity, market valuation, and future business prospects. Always match your investment decisions with your financial goals and risk tolerance.

Book value figures are based on publicly available data as of early August 2026 and may change.