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 | — | ₹193.11 | ₹6,267 Cr | 4.1 | 276.9% | — | — | |
| 2 | PGHH | — | ₹8,239 | ₹26,744 Cr | 34.6 | 114.9% | — | — | |
| 3 | SIGNATURE | Realty | ₹784.9 | ₹11,042 Cr | 10.9 | 84.9% | — | — | |
| 4 | NIRLON | — | ₹621.6 | ₹5,602 Cr | 15.8 | 83.8% | — | — | |
| 5 | GVPIL | — | ₹685 | ₹4,605 Cr | 16.1 | 71.7% | — | — | |
| 6 | WEBELSOLAR | — | ₹82.72 | ₹3,591 Cr | 12.2 | 66.7% | — | — | |
| 7 | PGHL | — | ₹5,781 | ₹9,596 Cr | 27.6 | 61.6% | — | — | |
| 8 | JSLL | — | ₹497.6 | ₹6,185 Cr | 27.4 | 59.9% | — | — | |
| 9 | CASTROLIND | Oil & Gas | ₹188.75 | ₹18,670 Cr | 17.4 | 57.0% | — | — | |
| 10 | EMMVEE | Capital Goods | ₹316.95 | ₹21,944 Cr | 17.4 | 51.1% | — | — | |
| 11 | ASHOKA | — | ₹111.6 | ₹3,133 Cr | 4.4 | 48.0% | — | — | |
| 12 | HBLENGINE | Capital Goods | ₹671.85 | ₹18,623 Cr | 24.1 | 44.1% | — | — | |
| 13 | SWARAJENG | — | ₹3,588.8 | ₹4,360 Cr | 21.9 | 43.2% | — | — | |
| 14 | SAATVIKGL | — | ₹399.45 | ₹5,077 Cr | 14.4 | 42.0% | — | — | |
| 15 | GMRP&UI | — | ₹98.67 | ₹7,706 Cr | 12.4 | 41.5% | — | — | |
| 16 | DPABHUSHAN | — | ₹1,467.9 | ₹3,351 Cr | 13.6 | 40.9% | — | — | |
| 17 | SANOFI | — | ₹3,271.3 | ₹7,534 Cr | 23.0 | 40.3% | — | — | |
| 18 | CRIZAC | — | ₹171.62 | ₹3,003 Cr | 14.2 | 40.0% | — | — | |
| 19 | TAJGVK | — | ₹344.05 | ₹2,157 Cr | 5.2 | 39.6% | — | — | |
| 20 | IEX | Financial Services | ₹123 | ₹10,938 Cr | 21.9 | 39.4% | — | — | |
| 21 | KRISHANA | — | ₹194.3 | ₹6,007 Cr | 32.8 | 38.1% | — | — | |
| 22 | SHILCTECH | — | ₹3,913.3 | ₹4,477 Cr | 32.5 | 37.8% | — | — | |
| 23 | RAYMONDREL | — | ₹572.6 | ₹3,811 Cr | 12.7 | 37.7% | — | — | |
| 24 | GKENERGY | — | ₹122.13 | ₹2,477 Cr | 10.6 | 37.3% | — | — | |
| 25 | OSWALPUMPS | — | ₹292.1 | ₹3,330 Cr | 8.7 | 35.1% | — | — | |
| 26 | EFCIL | — | ₹184.89 | ₹2,735 Cr | 9.8 | 33.6% | — | — | |
| 27 | FORCEMOT | Auto | ₹17,837 | ₹23,503 Cr | 19.3 | 33.5% | — | — | |
| 28 | SAMHI | — | ₹159.48 | ₹3,543 Cr | 6.3 | 33.4% | — | — | |
| 29 | JUBLCPL | — | ₹2,312.3 | ₹3,504 Cr | 28.9 | 32.6% | — | — | |
| 30 | BANCOINDIA | — | ₹622.75 | ₹8,908 Cr | 18.7 | 32.3% | — | — | |
| 31 | MPSLTD | — | ₹2,929.6 | ₹4,970 Cr | 25.3 | 32.2% | — | — | |
| 32 | CHENNPETRO | Oil & Gas | ₹1,440.3 | ₹21,448 Cr | 4.7 | 32.1% | — | — | |
| 33 | HAWKINCOOK | — | ₹8,049 | ₹4,256 Cr | 32.5 | 31.7% | — | — | |
| 34 | EVEREADY | — | ₹357.15 | ₹2,596 Cr | 15.1 | 31.6% | — | — | |
| 35 | CRAMC | — | ₹250.75 | ₹5,000 Cr | 23.4 | 30.3% | — | — | |
| 36 | BLS | Consumer Services | ₹271.37 | ₹11,167 Cr | 16.3 | 30.1% | — | — | |
| 37 | GOKULAGRO | — | ₹243.02 | ₹7,171 Cr | 16.2 | 30.1% | — | — | |
| 38 | TVSHLTD | — | ₹13,946 | ₹28,216 Cr | 14.4 | 29.4% | — | — | |
| 39 | SHARDAMOTR | — | ₹943 | ₹5,414 Cr | 15.5 | 29.1% | — | — | |
| 40 | ASHAPURMIN | — | ₹589.65 | ₹5,633 Cr | 14.2 | 29.1% | — | — | |
| 41 | GENUSPOWER | — | ₹309.3 | ₹8,555 Cr | 13.2 | 29.0% | — | — | |
| 42 | ECLERX | Services | ₹1,832.9 | ₹16,867 Cr | 24.6 | 29.0% | — | — | |
| 43 | BBTC | FMCG | ₹1,445 | ₹10,082 Cr | 7.9 | 28.7% | — | — | |
| 44 | JAINREC | Metal | ₹288.85 | ₹9,968 Cr | 27.5 | 28.7% | — | — | |
| 45 | INA | — | ₹93.31 | ₹2,057 Cr | 10.9 | 28.1% | — | — | |
| 46 | EMAMILTD | FMCG | ₹400.6 | ₹17,486 Cr | 23.5 | 27.6% | — | — | |
| 47 | INDRAMEDCO | — | ₹374.45 | ₹3,433 Cr | 18.2 | 27.5% | — | — | |
| 48 | MSTCLTD | — | ₹703.75 | ₹4,954 Cr | 20.1 | 26.6% | — | — | |
| 49 | REDTAPE | — | ₹126.04 | ₹6,968 Cr | 27.5 | 26.6% | — | — | |
| 50 | SHRINGARMS | — | ₹224.48 | ₹2,165 Cr | 16.5 | 26.3% | — | — |
Prices as of 19 Aug 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.