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Most profitable bollywood films ever -JAI Santoshi Maa and Maine PYAR KIYA.

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JAI Santoshi Maa  1975) is by far the biggest blockbuster ever if we go by cost to earnings. Made on a 4-5 lakhs budget and collected a distributor share of  5 crores which is 100 times its costs. Next is MAINE PYAR KIYA  1989) which returned around 15 times its cost.
Source Link: Boxofficeindia. com
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Now third will be Ashqui 2 and 4th will be Hakhk

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