Multibagger Watchlist India 2026
Multi-baggers share common traits: high and improving Return on Equity (ROE > 20%), reasonable valuations (P/E < 35), mid-cap size (room to grow), and strong earnings trajectory. This screen surfaces companies that match these criteria today. Remember — identifying potential is easy; the hard part is holding through volatility for the thesis to play out over 5-7 years.
Expert note: No screen can reliably predict multi-baggers. High ROE + low P/E + mid-cap size creates favorable conditions — but most stocks that look like multi-baggers on a screen don't deliver. Combine this screen with business quality research, management track record, and sector tailwinds.
| # | Company | Sector | LTP | 30D Trend | Market Cap | P/E | ROE % | Rev YoY | Profit YoY |
|---|---|---|---|---|---|---|---|---|---|
| 1 | SPARC | — | ₹185.07 | ₹6,006 Cr | 3.9 | 276.9% | — | — | |
| 2 | PGHH | — | ₹7,148.5 | ₹23,205 Cr | 29.4 | 114.9% | — | — | |
| 3 | SANOFICONR | — | ₹3,465.1 | ₹7,980 Cr | 30.7 | 88.0% | — | — | |
| 4 | SIGNATURE | Realty | ₹718.8 | ₹10,113 Cr | 9.8 | 84.9% | — | — | |
| 5 | NIRLON | — | ₹625.25 | ₹5,635 Cr | 15.8 | 83.8% | — | — | |
| 6 | GVPIL | — | ₹622.15 | ₹4,183 Cr | 12.6 | 71.7% | — | — | |
| 7 | WEBELSOLAR | — | ₹65.33 | ₹2,836 Cr | 9.6 | 66.7% | — | — | |
| 8 | PGHL | — | ₹5,135.5 | ₹8,525 Cr | 24.2 | 61.6% | — | — | |
| 9 | JSLL | — | ₹369.75 | ₹4,597 Cr | 20.5 | 59.9% | — | — | |
| 10 | CASTROLIND | Oil & Gas | ₹196.79 | ₹19,465 Cr | 18.4 | 57.0% | — | — | |
| 11 | DEEPA | — | ₹269.55 | ₹2,591 Cr | 22.2 | 56.5% | — | — | |
| 12 | EMMVEE | Capital Goods | ₹270.1 | ₹18,700 Cr | 13.3 | 53.1% | — | — | |
| 13 | SWARAJENG | — | ₹3,545 | ₹4,307 Cr | 20.1 | 49.3% | — | — | |
| 14 | MUKANDLTD | — | ₹164.48 | ₹2,377 Cr | 3.9 | 48.9% | — | — | |
| 15 | ASHOKA | — | ₹102.91 | ₹2,889 Cr | 1.2 | 48.0% | — | — | |
| 16 | HBLENGINE | Capital Goods | ₹812.95 | ₹22,535 Cr | 29.6 | 44.1% | — | — | |
| 17 | KERNEX | — | ₹1,737.6 | ₹2,920 Cr | 15.6 | 43.6% | — | — | |
| 18 | LCL | — | ₹594.45 | ₹6,280 Cr | 27.7 | 43.1% | — | — | |
| 19 | TENNIND | Auto | ₹449.95 | ₹18,160 Cr | 30.7 | 43.0% | +2.3% | +293.1% | |
| 20 | SAATVIKGL | — | ₹387.4 | ₹4,924 Cr | 29.3 | 42.0% | — | — | |
| 21 | GMRP&UI | — | ₹99.18 | ₹7,746 Cr | 12.5 | 41.5% | — | — | |
| 22 | DPABHUSHAN | — | ₹2,302.7 | ₹5,257 Cr | 21.8 | 40.9% | — | — | |
| 23 | SANOFI | — | ₹2,880.3 | ₹6,634 Cr | 20.9 | 40.3% | — | — | |
| 24 | CRIZAC | — | ₹151.39 | ₹2,649 Cr | 12.4 | 40.0% | — | — | |
| 25 | TAJGVK | — | ₹320.45 | ₹2,009 Cr | 5.0 | 39.6% | — | — | |
| 26 | IEX | Financial Services | ₹104.8 | ₹9,320 Cr | 18.9 | 39.4% | — | — | |
| 27 | GLASSWALL | — | ₹239.95 | ₹2,110 Cr | 26.5 | 38.6% | — | — | |
| 28 | LCCPROJECT | — | ₹134.45 | ₹3,895 Cr | 14.8 | 38.2% | — | — | |
| 29 | SHILCTECH | — | ₹3,875.4 | ₹4,434 Cr | 31.4 | 37.8% | — | — | |
| 30 | RAYMONDREL | — | ₹624.1 | ₹4,153 Cr | 14.5 | 37.7% | — | — | |
| 31 | SHANTIGOLD | — | ₹414.65 | ₹3,182 Cr | 14.9 | 37.3% | — | — | |
| 32 | GKENERGY | — | ₹103.07 | ₹2,090 Cr | 9.3 | 37.3% | — | — | |
| 33 | TRAVELFOOD | Consumer Services | ₹1,188.8 | ₹15,658 Cr | 33.3 | 35.7% | — | — | |
| 34 | OSWALPUMPS | — | ₹246.75 | ₹2,813 Cr | 8.3 | 35.1% | — | — | |
| 35 | INDORAMA | — | ₹92.24 | ₹2,409 Cr | 15.8 | 33.9% | — | — | |
| 36 | EFCIL | — | ₹168.07 | ₹2,487 Cr | 8.5 | 33.6% | — | — | |
| 37 | FORCEMOT | Auto | ₹17,563 | ₹23,141 Cr | 18.6 | 33.5% | — | — | |
| 38 | SAMHI | — | ₹146.8 | ₹3,264 Cr | 5.7 | 33.4% | — | — | |
| 39 | JUBLCPL | — | ₹1,775.2 | ₹2,690 Cr | 21.9 | 32.6% | — | — | |
| 40 | BAJAJCON | — | ₹447.05 | ₹5,839 Cr | 24.9 | 32.5% | — | — | |
| 41 | BANCOINDIA | — | ₹601.25 | ₹8,600 Cr | 17.6 | 32.3% | — | — | |
| 42 | MPSLTD | Media | ₹2,453.1 | ₹4,163 Cr | 22.5 | 32.2% | — | — | |
| 43 | CHENNPETRO | Oil & Gas | ₹1,432.4 | ₹21,330 Cr | 5.0 | 32.1% | — | — | |
| 44 | GRSE | Capital Goods | ₹2,085.8 | ₹23,893 Cr | 30.3 | 31.8% | — | — | |
| 45 | HAWKINCOOK | — | ₹7,799.5 | ₹4,124 Cr | 30.7 | 31.7% | — | — | |
| 46 | EVEREADY | — | ₹317.45 | ₹2,307 Cr | 13.1 | 31.6% | — | — | |
| 47 | ATLANTAELE | — | ₹1,688.7 | ₹12,986 Cr | 29.5 | 31.6% | — | — | |
| 48 | CRAMC | — | ₹220.49 | ₹4,397 Cr | 19.8 | 30.2% | — | — | |
| 49 | BLS | Consumer Services | ₹221.03 | ₹9,097 Cr | 13.3 | 30.1% | — | — | |
| 50 | GOKULAGRO | — | ₹208.86 | ₹6,163 Cr | 12.1 | 30.1% | — | — |
Prices as of 19 Oct 2026. P/E and ROE shown for top 200 companies by market cap (updated quarterly). Click any company for detailed profile, news, and 1-year chart.