Value Investing in India 2025 — Graham Buffett QGLP Framework NSE/BSE
Apply timeless value investing principles to Indian markets using three proven frameworks: (1) Benjamin Graham's deep value — net-net stocks trading below liquidation value, PE < 10x, P/B < 1.2x (harder to find in India given promoter structures), (2) Warren Buffett's quality compounder — high ROE 20%+ sustained, competitive moat (brand, cost, network), reinvestment opportunity, bought at fair price (PE 20-25x acceptable for 20%+ ROE businesses), (3) Motilal Oswal's QGLP — Quality of business + Growth of earnings + Longevity of competitive advantage + Price paid. India's market has historically rewarded quality compounders (Asian Paints, HDFC Bank, Titan, Bajaj Finance) far more than deep value plays, due to governance and promoter quality concerns in cheap stocks.
Stocks in this theme · India quality compounders
13 companies in this theme — showing top 12 by market cap.
| Symbol | Company | Price | Mkt Cap | ROE | P/E |
|---|---|---|---|---|---|
| TCS | Tata Consultancy Services | ₹2,208.85 | ₹7,99,536 Cr | — | — |
| BAJFINANCE | Bajaj Finance | ₹1,060.25 | ₹6,57,022 Cr | — | — |
| LT | Larsen & Toubro | ₹3,816.85 | ₹5,24,993 Cr | — | — |
| HINDUNILVR | Hindustan Unilever | ₹2,154.35 | ₹5,07,321 Cr | — | — |
| MARUTI | Maruti Suzuki India | ₹13,546.5 | ₹4,26,021 Cr | — | — |
| INFY | Infosys | ₹1,052.3 | ₹4,25,988 Cr | — | — |
| TITAN | Titan | ₹4,712.05 | ₹4,19,763 Cr | — | — |
| KOTAKBANK | Kotak Mahindra Bank | ₹381.2 | ₹3,79,159 Cr | — | — |
| ITC | ITC | ₹280.8 | ₹3,52,201 Cr | — | — |
| BAJAJ-AUTO | Bajaj Auto | ₹10,999.3 | ₹3,07,157 Cr | — | — |
| NESTLEIND | Nestlé India | ₹1,492.2 | ₹2,88,013 Cr | — | — |
| ASIANPAINT | Asian Paints | ₹2,693.05 | ₹2,58,043 Cr | — | — |
Research Coverage
- India Value Stock Screener (3 Frameworks)
- Graham Net-Net Stocks List
- QGLP Framework Screener
- Value Returns vs Nifty Historical
- SniperIQ Signal on Value Picks
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Frequently Asked Questions
Does value investing outperform growth investing in India?
India's market history presents a nuanced picture: (1) Pure Graham deep value (low PE, low PB) has underperformed in India vs developed markets — governance risk, promoter tunneling, and value traps are common in cheap Indian stocks, (2) Quality value (QGLP-style — buy quality at fair price) has dramatically outperformed, delivering 20-25% CAGR over decades for stocks like Asian Paints, HDFC Bank, Bajaj Finance, Titan, (3) Growth at any price (GAAP) has underperformed post-2021 as valuation multiples compressed. The India-specific conclusion: quality matters more than cheapness.
How do I identify quality compounders in Indian markets?
Screening criteria for India quality compounders: (1) ROE > 20% consistently for 10+ years (most recent 3 years must also qualify — not just historical), (2) Operating cash flow > Net profit in 8 of last 10 years (earnings are real, not accounting artifacts), (3) Revenue growth 15%+ CAGR over 5 years, (4) Low or zero debt (net cash preferred), (5) Promoter holding stable or increasing (skin in the game), (6) PE sustainable at current growth — PE/G ratio below 1.5 is reasonable. SniperIQ's QGLP screener applies all these criteria simultaneously.