The Internet of Things (IoT) is changing the way we live and work, and it’s no secret that investing in IoT stocks can be a smart financial move. As the IoT market expands, more and more companies emerge to capitalize on this lucrative opportunity. This article is for you if you want to invest in India’s IoT industry. In this section, we’ll discuss the best IoT stocks to buy in India in 2023.
What is the Internet of Things (IoT)?
The Internet of Things, also known as IoT, refers to billions of physical devices or machines that are linked to the internet. These devices can exchange data with one another without the need for human intervention, using only an internet connection. So, if you can use your smartphone to adjust the temperature of any air conditioner or if your smartwatch tracks your daily activities, IoTs have already entered your life.
The Internet of Things is simply a network of connected devices. Sensors are attached to these devices. These sensors allow one device to communicate with another and are found in almost every device we use today. It could be your smartphone, coffee machines, washing machines, music systems, televisions, smartwatches, barcodes, and so on.
Benefits of Investing in IoT Stocks
Investing in IoT stocks can offer several benefits, including:
Benefit from the High Growing market: As the need for the IoT market continues to grow in the world market, investors can reap great benefits from the growing market by investing in IoT stocks.
Potential for high returns: Companies that are involved in the IoT industry can potentially generate high returns for their investors.
Portfolio Diversification: Investing in IoT stocks helps you to diversify your portfolio which results to reduce the overall risk of your investments.
Increased efficiency: IoT solution providers can assist their clients in increasing efficiency and lowering costs, making them more competitive in their respective markets. This can lead to increased profitability for the company and an increase in stock price.
Technology advancement: The IoT industry is constantly evolving, and companies that invest in IoT solutions are likely to be on the cutting edge of new technological advancements. This might result in a competitive edge and continuing corporate growth.
Long-Term Investment: IoT is a long-term investment opportunity, and investing in IoT stocks can provide a long-term source of income and growth potential.
Best IoT Stocks to Buy in India 2023
Here are the top IoT stocks to buy in India 2023:
a> Siemens Limited
b> Wipro
c> Honeywell Automation India Ltd
d> Whirlpool
e> Voltas
f> Bosch Ltd.
g> Havells India Limited
1> Siemens Limited
Siemens Ltd. is a German technology conglomerate. It focuses on providing manufacturing companies with integrated solutions for industrial applications. Coaty, the company’s IoT platform, already launched. This IoT allows machines to communicate with one another. Coaty performs numerous jobs without the need for human intervention.
The coaty-connected devices know where they are and where they are going. They also make arrangements with other devices and assign which tasks will be performed automatically by which device.
The IT firm focuses on business, infrastructure, digital transformation, transportation, and electricity generation and transmission. In terms of stock performance, the company’s main asset is that it is debt-free.
Siemens Company Essentials:
| Market Cap: | ₹ 1,07,822.53 Cr. |
| P/E: | 86.28 |
| DIV. Yield: | 0.33% |
| Debt: | ₹ 0 Cr. |
| Sales Growth: | 18.44% |
| Profit Growth: | 19.70% |
| Promoter Holding: | 75% |
| ROE: | 11.39% |
| Face Value: | ₹ 2 |
| EPS: | ₹ 35.09 |
| ROCE: | 15.87% |
Also Read: Best Long-Term Stocks to Buy in India 2023
2> Wipro
Wipro Limited is a leading IT services provider with a strong presence in the IoT market. Wipro has invested in Altizon Systems, an IoT startup. For their clients, the company creates IoT-based solutions. It has over 100 enterprise users, making it one of the major IoT solution providers in India.
Datonis is an IoT platform developed by Altizon Systems. It is a cloud-based IoT platform that links multiple devices and enables them to easily exchange data.
Wipro’s Internet of Things (IoT) solutions connects “legacy” and “new” things. Their Multi-Protocol IoT Gateway Framework amalgamates heterogeneous protocols that support IoT at the edge, allowing specific data to be transmitted to backend systems.
Wipro Company Essentials:
| Market Cap: | ₹ 2,23,819.96 Cr. |
| P/E: | 18.06 |
| DIV. Yield: | 1.47% |
| Debt: | ₹ 7,679.10 Cr. |
| Sales Growth: | 18.44% |
| Profit Growth: | 20.62 % |
| Promoter Holding: | 72.94% |
| ROE: | 24.58 % |
| Face Value: | ₹ 2 |
| EPS: | ₹ 22.58 |
| ROCE: | 27.65% |
3> Honeywell Automation India Ltd.
Honeywell is a multinational company. It operates in four primary segments: aircraft, building technologies, performance materials and technologies, and information technology.
Honeywell launched a new industrial Internet of things analytics platform named “Honeywell Forge”, which collects operational data, analyses it, and optimizes infrastructure.
The software platform, which Honeywell categorizes as enterprise performance management for operations technology, is intended to combine the company’s asset and process control expertise with analytics and data.
Honeywell Automation India Ltd. Company Essentials:
| Market Cap: | ₹ 35,251.82 Cr. |
| P/E: | 92.21 |
| DIV. Yield: | 0.23% |
| Debt: | ₹ 0 Cr. |
| Sales Growth: | -3.10% |
| Profit Growth: | -26.28 % |
| Promoter Holding: | 75% |
| ROE: | 12.56 % |
| Face Value: | ₹ 10 |
| EPS: | ₹ 432.40 |
| ROCE: | 17.22% |
4> Whirlpool
Whirlpool Corporation is an American multinational home appliance manufacturer and marketer. The company has a strong presence in the Internet of Things (IoT) market, offering a variety of internet-connected smart home appliances that can be controlled remotely. Whirlpool has been at the forefront of Internet of Things innovation, incorporating cutting-edge technology into its products to enhance the user experience and make life easier and more convenient. Whirlpool is an excellent choice for investors wishing to invest in the IoT business because of its focus on innovation and commitment to offering high-quality products.
Whirlpool’s smart appliances use IoT technology, so users can control them remotely via smartphone or tablet. For example, users can monitor the temperature of their refrigerator from anywhere. Whirlpool’s smart appliances are very popular with consumers and have contributed greatly to the company’s growth. Whirlpool is also investing in IoT research and development to improve the user experience and functionality of its products.
Whirlpool Company Essentials:
| Market Cap: | ₹ 15,996 Cr. |
| P/E: | 76.61 |
| DIV. Yield: | 0.4 % |
| Debt: | ₹ 0 Cr. |
| Sales Growth: | 1.58% |
| Profit Growth: | -33.13 % |
| Promoter Holding: | 75% |
| ROE: | 7.84 % |
| Face Value: | ₹ 10 |
| EPS: | ₹ 16.46 |
| ROCE: | 10.97% |
5> Voltas
Voltas Limited is a six-decade-old Indian corporation that specializes in air conditioning and cooling technology.
Voltas understands the needs and requirements of modern consumers due to its substantial presence in the Indian market. Voltas can bridge all gaps, from sales to service.
Voltas is the country’s leading air conditioner manufacturer, with a market share of more than 25%, and the largest air conditioning firm. It has started manufacturing Wifi air conditioners using its IoT platform, Alexa. You can use its platform to adjust the AC temperature using voice commands in English or Hindi via an echo device. You can also adjust the temperature of the air conditioner before returning home.
Voltas Company Essentials:
| Market Cap: | ₹ 26,900.93 Cr. |
| P/E: | 17.43 |
| DIV. Yield: | 0.68 % |
| Debt: | ₹ 139.79 Cr. |
| Sales Growth: | 11.30% |
| Profit Growth: | 2.31 % |
| Promoter Holding: | 30.3 % |
| ROE: | 11.06 % |
| Face Value: | ₹ 1 |
| EPS: | ₹ 46.65 |
| ROCE: | 14.40% |
6> Bosch Ltd.
Bosch is a leading provider of technology and services in India, with a focus on Mobility Solutions, Industrial Technology, Consumer Goods, Energy, and Building Technology. Moreover, Bosch maintains the largest development facility outside of Germany for end-to-end engineering and technology solutions in India. The Bosch Group operates in India through 12 companies: Bosch Limited, Bosch Chassis Systems India Private Limited, Bosch Rexroth (India) Private Limited, Bosch Global Software Technologies PVT LTD, Bosch Automotive Electronics India Private Limited, Bosch Electrical Drives India Private Limited, BSH Home Appliances Private Limited, ETAS Automotive India Private Limited, Robert Bosch Automotive Steering Private Limited, and Robert Bosch Automotive Steering Private Limited.
Bosch Ltd. offers an IoT software suite called Bosch IoT suite. It is a key software platform for IoT solutions, connecting over 10 million devices such as automobiles, sensors in urban and agricultural applications, and building gateways.
Bosch Ltd. Company Essentials:
| Market Cap: | ₹ 51,364.50 Cr. |
| P/E: | 39.75 |
| DIV. Yield: | 1.21 % |
| Debt: | ₹ 0 Cr. |
| Sales Growth: | 21.23% |
| Profit Growth: | 152.27 % |
| Promoter Holding: | 70.54 % |
| ROE: | 11.87 % |
| Face Value: | ₹ 10 |
| EPS: | ₹ 438.08 |
| ROCE: | 14.91% |
7> Havells India Limited
Havells India Limited is a renowned Fast Moving Electrical Goods (FMEG) Company and a major manufacturer of power distribution equipment with a global presence. Havells has an enviable market share in a wide range of products, including Industrial & Domestic Circuit Protection Devices, Cables & Wires, Motors, Fans, Modular Switches, Home Appliances, Air Conditioners, Electric Water Heaters, Power Capacitors, and Luminaires for Domestic, Commercial, and Industrial Applications.
The company’s IoT software is named APFC panels. APFC is an abbreviation for automatic power correction systems. It is a tool for use in low-voltage applications.
Havells India Limited Company Essentials:
| Market Cap: | ₹ 74,986.95 Cr. |
| P/E: | 70.33 |
| DIV. Yield: | 0.63 % |
| Debt: | ₹ 393.69 Cr. |
| Sales Growth: | 33.19% |
| Profit Growth: | 14.92 % |
| Promoter Holding: | 59.45 % |
| ROE: | 21.43 % |
| Face Value: | ₹ 1 |
| EPS: | ₹ 17.02 |
| ROCE: | 27.75% |
Also Read: Best Semiconductor Stocks in India 2023
FAQs about Top IoT Stocks to Buy in India 2023
What is the Internet of Things (IoT)?
The Internet of Things (IoT) is a network of physical things embedded with sensors, software, and other technologies that connect to and exchange data with other devices and systems over the internet.
Why should I invest in IoT stocks?
The future of IoT stocks in India appears bright, as the country is expected to become the global leader in IoT technology development.
What are the Top IoT stocks to buy in India 2023?
The top IOT stocks to buy in India 2023 include Siemens Limited, Wipro, Honeywell Automation India Ltd., Whirlpool, Voltas, Bosch Ltd., Havells India Limited
What are the top IoT products in India?
IoT products include smartphones, smart refrigerators, smartwatches, smart fire alarms, smart door locks, smart bicycles, medical sensors, fitness trackers, smart security systems, and so on.
Conclusion:
The Internet of Things (IoT) is revolutionizing the way we live and work, and investing in IOT stocks can be a smart financial decision. The top IOT stocks to buy in India 2023 include Siemens Limited, Wipro, Honeywell Automation India Ltd., Whirlpool, Voltas, Bosch Ltd., and Havells India Limited. These companies are well-positioned to take advantage of the growing demand for IoT solutions in India and provide investors with exposure to a rapidly growing market, potential for high returns, and diversification of their portfolio. Consider investing in the top IOT stocks to buy in India 2023 to stay ahead of the curve and invest in the future of technology.
Disclaimer:
The information provided in this blog is for informational purposes only and should not be construed as financial advice. Before making any investment decisions, it is recommended that you seek advice from a professional financial advisor.