Rupee Hits Record Low: 4 Export-Focused Stocks to Watch

#2 Tata Consultancy Services (TCS)

Next on the list is TCS.

Tata Consultancy Services is the flagship company and a part of the Tata group.

It's an IT services, consulting and business solutions organisation that has been partnering with many of the world's largest businesses in their transformation journeys for over 50 years.

The company offers a consulting-led, cognitive-powered, and integrated portfolio spanning business, technology, and engineering services.

The company drives a major share of its revenue from international markets.

According to TCS Financial Results - Quarter 4 & Year Ended March 2026, the FY26 revenue from North America contributed 48.6% and Europe contributed nearly 32.8% of total revenue.

Combined with other overseas regions such as Asia Pacific, Latin America, and MEA, international markets accounted for 94.1% of the company's revenue mix, highlighting its strong export-oriented business model.

In FY26, the company reported a Total Contract Value (TCV) order book of US$ 40.7 bn, with North America contributing US$ 19 bn. This translates to approximately 46.7% of the total TCV, reaffirming North America's position as the single largest geography in the company's deal pipeline.

With the rupee touching record lows, TCS remains as stock to watch as a weaker rupee tends to fatten the revenue numbers and expands margins.

On the financial front, over the past three years the company's revenue has seen a growth of 5.8%, meanwhile, net profit grew at a CAGR of 5.3%.

The company's three-year average ROE and ROCE stand at 49.5% and 67.1%.

TCS' Financial Snapshot (FY24-26)

For more details, see the TCS company fact sheet and quarterly results.

#3 Apex Frozen Foods

Next on the list is Apex Frozen Foods.

One of the leading exporters of processed shrimp in India, the company caters to a wide range of customers including food companies, retail chains, restaurants, club stores, and distributors.

Its products are exported across multiple geographies such as the US, European Union, China, and other international markets.

The company is also well integrated across the value chain, spanning shrimp seed hatcheries, shrimp farming, pre-processing, processing, and logistics.

According to Q3 investor presentation, its sales mix remains heavily export-oriented, with the US contributing 49% of revenue, followed by the European Union at 46%, while other regions account for the remaining 5% in 9M FY26.

This strong dependence on overseas markets makes Apex Frozen Foods a key stock to watch amid rupee depreciation, as a weaker rupee can support export realizations and improve operating margins for seafood exporters.

On the financial front, over the past three years the company's revenue and net profit has seen continue decline.

The company's three-year average ROE and ROCE stand at 3.7% and 7.3%.

Apex Foods' Financial Snapshot (FY23-25)

For more details, see the APEX FROZEN FOODS company fact sheet and quarterly results.

#4 UPL

Last on the list is UPL.

It's a leading provider of sustainable agricultural solutions and services with more than 14,000 product registrations and a presence across nearly 140 countries, giving it access to around 90% of the world's food basket.

The company is among the most significant players in the agriculture industry and a leading manufacturer and distributor of natural solutions.

Its offerings span the entire agricultural value chain, including high-performance seeds, crop protection products, natural solutions, on-farm equipment and services, and post-harvest solutions.

The company derives a major portion of its revenue from international markets. In FY26, India contributed Rs 63.4 bn to total revenue of Rs 518.4 bn, indicating that nearly 87.8% of revenue came from export markets such as LATAM, North America, Europe, and the Rest of the World.

This makes UPL a stock to watch amid rupee depreciation, as a weaker rupee can support export realizations and margins.

On the financial front, over the past three years the company's revenue and net profit has seen continue decline.

The company's three-year average ROE and ROCE stand at 12.8% and 20.2%.

UPL's Financial Snapshot (FY23-25)

For more details, see the UPL company fact sheet and quarterly results.

Conclusion

With the rupee trading near record low levels, export-oriented companies are likely to remain in focus as currency depreciation can support revenue growth and improve margins.

Stocks with strong global exposure across sectors could emerge as key beneficiaries.

However, investors should focus on fundamentally strong businesses with healthy growth visibility, diversified global presence, and stable profitability rather than relying solely on currency movements for investment decisions.

Investors should evaluate the company's fundamentals, corporate governance, and valuations of the stock as key factors when conducting due diligence before making investment decisions.

Happy investing.

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