4 Largecap Stocks With ROE Between 10 and 15 to Watch for Future Multibagger Potential: Adani Ports, NTPC, Bajaj Finserv and Lodha Developers
- October 21, 2026
- Posted by: Manan Bisht
- Category: Best Stocks
Adani Ports Rs 1,766. NTPC Rs 309. Bajaj Finserv Rs 1,700. Lodha Developers Rs 1,030. Market caps from Rs 1.06 lakh crore to Rs 4.03 lakh crore. Data as of 20 Oct 2026.
Quick Answer
Adani Ports, NTPC, Bajaj Finserv and Lodha Developers are the 4 picks in this stocks with ROE between 10 and 15 watchlist, with market caps between Rs 1.06 lakh crore and Rs 4.03 lakh crore. Adani Ports stands out for the biggest five-year price gain at 115.30%, while NTPC offers the lowest PE of the group at 10.75. PE ratios run from 10.75 to 30.69, so compare each one with its industry PE before investing. All figures are as of 20 October 2026.
Stocks with ROE between 10 and 15 to watch for multibagger potential start with a simple filter: size, a clean financial record and earnings that keep growing. Adani Ports, NTPC, Bajaj Finserv and Lodha Developers meet that test, with market caps from Rs 1.06 lakh crore to Rs 4.03 lakh crore and Adani Ports offering the biggest five-year price gain at 115.30%. Each of these companies earned a return on equity between 10 and 15 per cent, and net profit grew by more than 10 per cent in FY26 and rose in the latest quarter.
This list covers companies with a return on equity between 10 and 15 per cent, FY26 profit growth above 10 per cent and rising profit in the latest quarter, ranked by market capitalisation. Each company has a market cap above Rs 1 lakh crore. Investors screening stocks with ROE between 10 and 15 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 Stocks With ROE Between 10 and 15 and Why Do They Attract Multibagger Interest?
Stocks with ROE between 10 and 15 are shares of large businesses that earn a steady but not yet peak return on shareholder capital. The four here cover ports, power generation, real estate and financial services.
A return on equity in this band often belongs to asset-heavy businesses that are still scaling up. For stocks with ROE between 10 and 15, rising profit shows that returns have room to improve. Whichever way you read stocks with ROE between 10 and 15, the common thread is rising profit backed by complete financial data. With stocks with ROE between 10 and 15, comparing valuation, growth and balance sheet strength together works better than relying on one number. Every company in the table below passed a rising-profit check, and the figures for stocks with ROE between 10 and 15 are complete. Read each company’s latest results and exchange filings before acting on stocks with ROE between 10 and 15.
Stocks With ROE Between 10 and 15 at a Glance: Price, Market Cap, PE, ROE and Price to Book
Prices are closing prices as of 20 October 2026. NTPC has the lowest PE of the group at 10.75, while Lodha Developers posts the highest return on equity at 14.72%.
| Stock | CMP (Rs) | Market Cap (Rs Cr) | PE | Industry PE | ROE | Price to Book | 52-Week Range (Rs) |
|---|---|---|---|---|---|---|---|
| Adani Ports and Special Economic Zone | 1,766 | 4,02,686 | 30.69 | 31.83 | 13.32% | 4.20 | 1,292.00 to 1,891.10 |
| NTPC | 309 | 3,04,475 | 10.75 | 21.61 | 13.31% | 1.50 | 305.70 to 414.40 |
| Bajaj Finserv | 1,700 | 2,77,349 | 13.44 | 17.68 | 12.58% | 3.56 | 1,597.00 to 2,195.00 |
| Lodha Developers | 1,030 | 1,06,038 | 25.68 | 31.94 | 14.72% | 4.64 | 650.80 to 1,344.95 |
Adani Ports: 26.74% Profit CAGR Since FY22
Adani Ports and Special Economic Zone is India’s largest private port operator, with ports on both coasts and a growing logistics business. It reported FY26 revenue of Rs 40,854.36 crore, up 26.16% year on year, and net profit of Rs 12,782.03 crore, up 15.56%. Net profit has compounded at 26.74% a year since FY22, while revenue has grown 20.55% a year. Operating margin was 64.59% in FY26.
In the June 2026 quarter, revenue rose 23.90% to Rs 11,673.71 crore and net profit grew 10.24% to Rs 3,649.50 crore. The share price has gained 115.30% over five years and 17.95% over the past year. Foreign investors raised their holding from 13.61% in September 2025 to 15.95% in September 2026. The stock trades at a PE of 30.69 against an industry PE of 31.83, below the sector average, with a return on equity of 13.32%.
NTPC: Five-Year Gain of 110.40%
NTPC is India’s largest power generation company and is growing its renewable energy portfolio. It reported FY26 revenue of Rs 1,89,798.56 crore and net profit of Rs 30,009.98 crore, up 48.19%. Net profit has compounded at 18.01% a year since FY22, while revenue has grown 8.89% a year. Operating margin was 32.45% in FY26.
The stock trades at a PE of 10.75 against an industry PE of 21.61, below the sector average, with a return on equity of 13.31%. The dividend yield is 2.87%. In the June 2026 quarter, revenue rose 6.94% to Rs 51,141.51 crore and net profit grew 12.90% to Rs 6,896.44 crore. The share price has gained 110.40% over five years. Domestic institutions raised their holding from 28.92% in June 2025 to 29.44% in June 2026.
Bajaj Finserv: 24.02% Profit CAGR Since FY22
Bajaj Finserv is a financial services holding company with interests in lending through Bajaj Finance and in general and life insurance. It reported FY26 total income of Rs 1,50,530.38 crore, up 13.23% year on year, and net profit of Rs 19,669.47 crore, up 12.03%. Net profit has compounded at 24.02% a year since FY22, while total income has grown 21.78% a year.
In the June 2026 quarter, total income rose 19.08% to Rs 42,036.90 crore and net profit grew 18.15% to Rs 6,296.67 crore. Domestic institutions raised their holding from 10.09% in June 2025 to 12.10% in June 2026. The stock trades at a PE of 13.44 against an industry PE of 17.68, below the sector average, with a return on equity of 12.58%.
Lodha Developers: 29.80% Profit CAGR Since FY22
Lodha Developers (formerly Macrotech Developers) is a leading residential developer in the Mumbai Metropolitan Region, with projects in Pune and Bengaluru. It reported FY26 revenue of Rs 17,119.50 crore, up 20.82% year on year, and net profit of Rs 3,430.70 crore, up 24.00%. Net profit has compounded at 29.80% a year since FY22, while revenue has grown 15.79% a year. Operating margin was 32.23% in FY26. The debt-to-equity ratio is 0.42.
The stock trades at a PE of 25.68 against an industry PE of 31.94, below the sector average, with a return on equity of 14.72%. In the June 2026 quarter, revenue rose 40.61% to Rs 5,096.70 crore and net profit grew 103.39% to Rs 1,373.10 crore. The share price has gained 78.95% over five years. Domestic institutions raised their holding from 2.20% in June 2025 to 3.57% in June 2026.
Stocks With ROE Between 10 and 15: Financial Comparison on Growth and Margins
The table compares scale and growth across these stocks with ROE between 10 and 15. 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) | 4-Year Revenue CAGR | 4-Year Net Profit CAGR | Latest Quarter Revenue Growth |
|---|---|---|---|---|---|
| Adani Ports | 40,854.36 | 12,782.03 | 20.55% | 26.74% | 23.90% |
| NTPC | 1,89,798.56 | 30,009.98 | 8.89% | 18.01% | 6.94% |
| Bajaj Finserv | 1,50,530.38 | 19,669.47 | 21.78% | 24.02% | 19.08% |
| Lodha Developers | 17,119.50 | 3,430.70 | 15.79% | 29.80% | 40.61% |
Check the Univest Screener for live data on these stocks with ROE between 10 and 15
Institutional Holding in Adani Ports, NTPC, Bajaj Finserv and Lodha Developers
Institutional holding shows who is backing these stocks with ROE between 10 and 15 alongside the promoter. The table uses the latest reported quarter for each. NTPC has the deepest institutional backing, with FII and DII together holding 45.74% as of June 2026. Domestic institutions increased their holding over the past year in NTPC (from 28.92% to 29.44%), Bajaj Finserv (from 10.09% to 12.10%) and Lodha Developers (from 2.20% to 3.57%).
| Stock | Promoter | FII | DII | Public | Quarter |
|---|---|---|---|---|---|
| Adani Ports | 66.03% | 15.95% | 13.25% | 4.77% | September 2026 |
| NTPC | 51.10% | 16.30% | 29.44% | 3.15% | June 2026 |
| Bajaj Finserv | 58.71% | 6.91% | 12.10% | 22.28% | June 2026 |
| Lodha Developers | 70.31% | 23.65% | 3.57% | 2.47% | June 2026 |
Risks to Weigh in Stocks With ROE Between 10 and 15
Being careful with stocks with ROE between 10 and 15 means looking at what can slow the story as well as what can speed it up. Four points matter most:
- Past growth may not repeat.
- Share prices can move sharply in either direction.
- Valuation: A low PE can also reflect slower growth, so compare each PE with the growth rate instead of reading it alone.
- Concentration: Holding all 4 names puts the allocation in one sector, so size each position to match your risk appetite.
How to Choose Between Stocks With ROE Between 10 and 15
Picking from stocks with ROE between 10 and 15 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 (17.68 to 31.94) and ask whether the growth rate justifies any gap.
- Track net profit growth, the operating margin and the return on equity in every quarterly result.
- Stagger entries across quarters and review institutional holding every reporting season.
Download the Univest iOS App or Univest Android App to track Adani Ports, NTPC, Bajaj Finserv and Lodha Developers live prices.
Conclusion
Among stocks with ROE between 10 and 15, Adani Ports stands out for the biggest five-year price gain at 115.30%, NTPC for the lowest PE of the group at 10.75, Bajaj Finserv for 13.23% revenue growth in FY26 and Lodha Developers for the fastest profit growth, 29.80% a year since FY22. 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 stocks with ROE between 10 and 15 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 Stocks With ROE Between 10 and 15 to Watch
Which are the best stocks with ROE between 10 and 15 to watch for multibagger potential?
Ans. Adani Ports, NTPC, Bajaj Finserv and Lodha Developers are the 4 names this list highlights, with market caps of Rs 4,02,686 crore, Rs 3,04,475 crore, Rs 2,77,349 crore and Rs 1,06,038 crore respectively. Adani Ports is notable for the biggest five-year price gain at 115.30%. NTPC stands out for the lowest PE of the group at 10.75. Bajaj Finserv offers 13.23% revenue growth in FY26. Lodha Developers brings the fastest profit growth, 29.80% a year since FY22. These are watchlist names for stocks with ROE between 10 and 15, not recommendations, so match each one to your own risk profile and time horizon.
Is Lodha Developers a good stock for long-term investors?
Ans. Lodha Developers has a return on equity of 14.72%, a PE of 25.68 against an industry PE of 31.94 and a market cap of Rs 1,06,038 crore. Net profit has compounded at 29.80% a year since FY22, and FY26 revenue rose 20.82% while June 2026 quarter net profit grew 103.39%. Long-term returns in stocks with ROE between 10 and 15 depend on earnings growth and the price paid at entry, so staggering purchases and consulting a SEBI-registered advisor is sensible.
Can Adani Ports become a multibagger from here?
Ans. Adani Ports has already gained 115.30% in five years, so another multi-fold move would need sustained earnings growth. A multibagger outcome in stocks with ROE between 10 and 15 requires earnings to keep growing faster than the market for several years. Net profit has compounded at 26.74% a year since FY22, and FY26 revenue rose 26.16%. At a PE of 30.69 against an industry PE of 31.83, valuation should be checked against that growth before investing.
What is the market cap of Adani Ports, NTPC, Bajaj Finserv and Lodha Developers?
Ans. As of 20 October 2026, Adani Ports has a market cap of Rs 4,02,686 crore, NTPC has a market cap of Rs 3,04,475 crore, Bajaj Finserv has a market cap of Rs 2,77,349 crore and Lodha Developers has a market cap of Rs 1,06,038 crore. All of them qualify as largecaps. 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 stocks with ROE between 10 and 15.
What are the risks of investing in stocks with ROE between 10 and 15?
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. Comparing each PE with growth gives a fuller picture than the PE alone.
Is NTPC trading below its industry PE?
Ans. NTPC trades at a PE of 10.75 against an industry PE of 21.61. A lower PE means investors pay less for each rupee of earnings, but it should be read with growth (net profit has compounded at 18.01% a year since FY22 and June 2026 quarter net profit grew 12.90%) and balance sheet strength before drawing a conclusion.
How much do institutions hold in Adani Ports, NTPC, Bajaj Finserv and Lodha Developers?
Ans. As of the latest reported quarter, FII and DII together hold 29.20% of Adani Ports (15.95% and 13.25%), 45.74% of NTPC (16.30% and 29.44%), 19.01% of Bajaj Finserv (6.91% and 12.10%) and 27.22% of Lodha Developers (23.65% and 3.57%). Rising institutional holding is a useful signal in stocks with ROE between 10 and 15, though it should be read with earnings trends rather than on its own.
