4 Top Earnings Momentum Stocks to Watch for Future Multibagger Potential: JSW Steel, Hindustan Zinc, Aegis Logistics and Craftsman Automation
- October 21, 2026
- Posted by: Manan Bisht
- Category: Best Stocks
JSW Steel Rs 1,241.30. Hindustan Zinc Rs 538.40. Aegis Logistics Rs 1,331.80. Craftsman Automation Rs 11,158. Market caps from Rs 28,756 crore to Rs 2.94 lakh crore. Data as of 20 Oct 2026.
Quick Answer
JSW Steel, Hindustan Zinc, Aegis Logistics and Craftsman Automation are the 4 picks in this earnings momentum stocks watchlist, with market caps between Rs 28,756 crore and Rs 2.94 lakh crore. JSW Steel stands out for the lowest PE of the group at 10.49, while Hindustan Zinc offers the highest return on equity at 61.13%. PE ratios run from 10.49 to 61.85, so compare each one with its industry PE before investing. All figures are as of 20 October 2026.
Earnings momentum stocks to watch for multibagger potential start with a simple filter: size, a clean financial record and earnings that keep growing. JSW Steel, Hindustan Zinc, Aegis Logistics and Craftsman Automation meet that test, with market caps from Rs 28,756 crore to Rs 2.94 lakh crore and JSW Steel offering the lowest PE of the group at 10.49. Each of these companies grew net profit by more than 100 per cent in the latest quarter and trades within 15 per cent of its 52-week high.
This list covers companies with latest-quarter profit growth above 100 per cent, FY26 profit growth and a price within 15 per cent of the 52-week high, ranked by market capitalisation. Not every name here is a largecap, so the list takes the leading companies of the sector by market capitalisation. Investors screening earnings momentum stocks usually begin with size and balance sheet strength, and this list follows the same logic. All figures are as of 20 October 2026 and are drawn from NSE and BSE data and company filings.
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What Are Earnings Momentum Stocks and Why Do They Attract Multibagger Interest?
Earnings momentum stocks are shares of companies whose latest results show a sharp jump in profit. The four here cover steel, zinc, gas and chemical logistics, and precision auto components.
When profit jumps and the price stays close to its high, it shows investors are rewarding the improvement. Among earnings momentum stocks, companies that can keep up the pace are the ones investors compare in earnings momentum stocks. This guide looks at earnings momentum stocks using FY26 results and the latest quarterly numbers. Every one of earnings momentum stocks below has complete, verifiable data.
Earnings Momentum Stocks at a Glance: Price, Market Cap, PE and ROE
Prices are closing prices as of 20 October 2026. JSW Steel has the lowest PE of the group at 10.49, while Hindustan Zinc posts the highest return on equity at 61.13%.
| Stock | CMP (Rs) | Market Cap (Rs Cr) | PE | Industry PE | ROE | Debt to Equity | 52-Week Range (Rs) |
|---|---|---|---|---|---|---|---|
| JSW Steel | 1,241.30 | 2,93,638 | 10.49 | 22.42 | 7.21% | 0.99 | 1,073.20 to 1,351.00 |
| Hindustan Zinc | 538.40 | 2,23,984 | 13.12 | 12.27 | 61.13% | 0.39 | 412.25 to 609.05 |
| Aegis Logistics | 1,331.80 | 49,482 | 33.53 | 54.37 | 14.83% | 0.69 | 576.10 to 1,528.70 |
| Craftsman Automation | 11,158 | 28,756 | 61.85 | 37.22 | 11.76% | 1.11 | 6,324.00 to 11,999.00 |
JSW Steel: Quarterly Profit Up 112.58%
JSW Steel is one of India’s largest steel producers, with integrated plants across the country. It reported FY26 revenue of Rs 1,86,718 crore, up 10.15% year on year, and net profit of Rs 25,508 crore, up 630.68%. Net profit has compounded at 5.06% a year since FY22, while revenue has grown 6.00% a year. Operating margin was 16.56% in FY26.
In the June 2026 quarter, revenue rose 10.55% to Rs 48,088 crore and net profit grew 112.58% to Rs 4,696 crore. The share price has gained 68.48% over five years. Domestic institutions raised their holding from 10.92% in June 2025 to 11.49% in June 2026. The stock trades at a PE of 10.49 against an industry PE of 22.42, below the sector average.
Hindustan Zinc: Return on Equity of 61.13%
Hindustan Zinc is among the world’s largest integrated zinc producers and also produces lead and silver. It reported FY26 revenue of Rs 41,934 crore, up 19.59% year on year, and net profit of Rs 13,832 crore, up 33.60%. Net profit has compounded at 9.48% a year since FY22, while revenue has grown 8.15% a year. Operating margin was 56.75% in FY26. The debt-to-equity ratio is 0.39.
The stock trades at a PE of 13.12 against an industry PE of 12.27, with a return on equity of 61.13%. The dividend yield is 1.89%. In the June 2026 quarter, revenue rose 74.70% to Rs 14,063 crore and net profit grew 144.81% to Rs 5,469 crore. Foreign investors raised their holding from 1.31% in September 2025 to 2.36% in September 2026.
Aegis Logistics: 30.21% Profit CAGR Since FY22
Aegis Logistics stores and handles liquid and gas products at port terminals and distributes LPG. It reported FY26 revenue of Rs 8,659.79 crore, up 24.21% year on year, and net profit of Rs 1,106.63 crore, up 40.54%. Net profit has compounded at 30.21% a year since FY22, while revenue has grown 16.70% a year. Operating margin was 21.34% in FY26.
In the June 2026 quarter, revenue rose 38.23% to Rs 2,463.17 crore and net profit grew 210.70% to Rs 544.84 crore. The share price has gained 505.66% over five years and 70.64% over the past year. Foreign investors raised their holding from 16.88% in September 2025 to 19.13% in September 2026. The stock trades at a PE of 33.53 against an industry PE of 54.37, below the sector average, with a return on equity of 14.83%.
Craftsman Automation: 23.87% Profit CAGR Since FY22
Craftsman Automation makes powertrain and engineering components, aluminium products and industrial machines. It reported FY26 revenue of Rs 8,130.63 crore, up 42.25% year on year, and net profit of Rs 383.99 crore, up 91.16%. Net profit has compounded at 23.87% a year since FY22, while revenue has grown 38.27% a year. Operating margin was 15.95% in FY26.
The stock trades at a PE of 61.85 against an industry PE of 37.22. In the June 2026 quarter, revenue rose 37.21% to Rs 2,454.66 crore and net profit grew 116.31% to Rs 150.55 crore. The share price has gained 332.22% over five years and 70.31% over the past year. Domestic institutions raised their holding from 22.67% in June 2025 to 32.90% in June 2026.
Earnings Momentum Stocks: Financial Comparison on Growth and Margins
The table compares scale and growth across these earnings momentum stocks. Latest quarter means the most recent reported quarter for each company, and only metrics that are positive for every company are shown.
| Stock | Revenue (Rs Cr) | Net Profit (Rs Cr) | Revenue Growth (YoY) | 4-Year Revenue CAGR | 4-Year Net Profit CAGR | Operating Margin (Latest Quarter) |
|---|---|---|---|---|---|---|
| JSW Steel | 1,86,718 | 25,508 | 10.15% | 6.00% | 5.06% | 21.45% |
| Hindustan Zinc | 41,934 | 13,832 | 19.59% | 8.15% | 9.48% | 64.19% |
| Aegis Logistics | 8,659.79 | 1,106.63 | 24.21% | 16.70% | 30.21% | 34.79% |
| Craftsman Automation | 8,130.63 | 383.99 | 42.25% | 38.27% | 23.87% | 16.76% |
Check the Univest Screener for live data on these earnings momentum stocks
Institutional Holding in JSW Steel, Hindustan Zinc, Aegis Logistics and Craftsman Automation
Institutional holding shows who is backing these earnings momentum stocks alongside the promoter. The table uses the latest reported quarter for each. Craftsman Automation has the deepest institutional backing, with FII and DII together holding 50.18% as of June 2026. Domestic institutions increased their holding over the past year in JSW Steel (from 10.92% to 11.49%) and Craftsman Automation (from 22.67% to 32.90%).
| Stock | Promoter | FII | DII | Public | Quarter |
|---|---|---|---|---|---|
| JSW Steel | 44.29% | 25.92% | 11.49% | 18.30% | June 2026 |
| Hindustan Zinc | 60.71% | 2.36% | 4.85% | 32.07% | September 2026 |
| Aegis Logistics | 58.10% | 19.13% | 4.01% | 18.77% | September 2026 |
| Craftsman Automation | 42.41% | 17.28% | 32.90% | 7.41% | June 2026 |
Risks to Weigh in Earnings Momentum Stocks
Being careful with earnings momentum stocks means looking at what can slow the story as well as what can speed it up. Four points matter most:
- Quarterly numbers can be uneven.
- A high base can slow later growth.
- Valuation: Craftsman Automation trades at a PE of 61.85 against an industry PE of 37.22, so earnings need to keep growing to support the price.
- Concentration: Holding all 4 names puts the allocation in one sector, so size each position to match your risk appetite.
How to Choose Between Earnings Momentum Stocks
Picking from earnings momentum stocks comes down to four checks, applied in order.
- Check balance sheet strength first, and prefer a debt-to-equity ratio below 1 for non-financial companies.
- Compare each PE with the industry PE (12.27 to 54.37) and ask whether the growth rate justifies any gap.
- Track quarterly net profit growth, the operating margin and the distance from the 52-week high in every result.
- Stagger entries across quarters and review institutional holding every reporting season.
Download the Univest iOS App or Univest Android App to track JSW Steel, Hindustan Zinc, Aegis Logistics and Craftsman Automation live prices.
Conclusion
Among earnings momentum stocks, JSW Steel stands out for the lowest PE of the group at 10.49, Hindustan Zinc for the highest return on equity at 61.13%, Aegis Logistics for the fastest profit growth, 30.21% a year since FY22 and Craftsman Automation for 42.25% revenue growth in FY26. Which one suits a portfolio depends on how much valuation risk it can carry, so staggering entries and reviewing each quarterly result is a sound habit. Investors comparing earnings momentum stocks should rank them on growth, financial strength and the price paid, and anyone who wants personalised guidance can consult a SEBI-registered advisor before acting.
Disclaimer: Data and figures in this article are sourced from publicly available information. These may or may not be accurate. Please verify all data with the official NSE (nseindia.com) and BSE (bseindia.com) websites before making any investment decision. Investments in securities are subject to market risk. This content is for educational purposes only and is not investment advice by Univest (SEBI RA INH000013776).
Frequently Asked Questions on Earnings Momentum Stocks to Watch
Which are the best earnings momentum stocks to watch for multibagger potential?
Ans. JSW Steel, Hindustan Zinc, Aegis Logistics and Craftsman Automation are the 4 names this list highlights, with market caps of Rs 2,93,638 crore, Rs 2,23,984 crore, Rs 49,482 crore and Rs 28,756 crore respectively. JSW Steel is notable for the lowest PE of the group at 10.49. Hindustan Zinc stands out for the highest return on equity at 61.13%. Aegis Logistics offers the fastest profit growth, 30.21% a year since FY22. Craftsman Automation brings 42.25% revenue growth in FY26. These are watchlist names for earnings momentum stocks, not recommendations, so match each one to your own risk profile and time horizon.
Is Hindustan Zinc a good stock for long-term investors?
Ans. Hindustan Zinc has a return on equity of 61.13%, a PE of 13.12 against an industry PE of 12.27 and a market cap of Rs 2,23,984 crore. Net profit has compounded at 9.48% a year since FY22, and FY26 revenue rose 19.59% while June 2026 quarter net profit grew 144.81%. Long-term returns in earnings momentum stocks depend on earnings growth and the price paid at entry, so staggering purchases and consulting a SEBI-registered advisor is sensible.
Can Aegis Logistics become a multibagger from here?
Ans. Aegis Logistics has already gained 505.66% in five years, so another multi-fold move would need sustained earnings growth. A multibagger outcome in earnings momentum stocks requires earnings to keep growing faster than the market for several years. Net profit has compounded at 30.21% a year since FY22, and FY26 revenue rose 24.21%. At a PE of 33.53 against an industry PE of 54.37, valuation should be checked against that growth before investing.
What is the market cap of JSW Steel, Hindustan Zinc, Aegis Logistics and Craftsman Automation?
Ans. As of 20 October 2026, JSW Steel has a market cap of Rs 2,93,638 crore, Hindustan Zinc has a market cap of Rs 2,23,984 crore, Aegis Logistics has a market cap of Rs 49,482 crore and Craftsman Automation has a market cap of Rs 28,756 crore. JSW Steel is the largest of the group. Market cap changes daily with the share price, so check the latest figure on the Univest Screener or on NSE before taking a decision on earnings momentum stocks.
What are the risks of investing in earnings momentum stocks?
Ans. The main risks are market swings, slower growth than expected and valuations that already reflect good news. Companies with strong balance sheets and steady earnings handle these better. Craftsman Automation trades at a PE of 61.85 against an industry PE of 37.22, so earnings growth needs to hold up.
Why is Craftsman Automation trading at a PE of 61.85?
Ans. Craftsman Automation’s PE of 61.85 compares with an industry PE of 37.22. The market is paying a premium for profit growth of 23.87% a year since FY22, latest-quarter profit growth of 116.31% and FY26 revenue growth of 42.25%, which also means the stock is more sensitive if growth slows. Investors in earnings momentum stocks who are comfortable with higher valuation risk may prefer to stagger purchases instead of investing in one go.
How much do institutions hold in JSW Steel, Hindustan Zinc, Aegis Logistics and Craftsman Automation?
Ans. As of the latest reported quarter, FII and DII together hold 37.41% of JSW Steel (25.92% and 11.49%), 7.21% of Hindustan Zinc (2.36% and 4.85%), 23.14% of Aegis Logistics (19.13% and 4.01%) and 50.18% of Craftsman Automation (17.28% and 32.90%). Rising institutional holding is a useful signal in earnings momentum stocks, though it should be read with earnings trends rather than on its own.
