4 Largecap Dividend Stocks With 15 Per Cent Profit Growth to Watch for Future Multibagger Potential: LIC, M&M, UltraTech Cement and NTPC
- October 22, 2026
- Posted by: Manan Bisht
- Category: Best Stocks
LIC Rs 392.05. M&M Rs 2,889. UltraTech Cement Rs 10,849. NTPC Rs 303. Market caps from Rs 3.04 lakh crore to Rs 4.98 lakh crore. Data as of 21 Oct 2026.
Quick Answer
LIC, M&M, UltraTech Cement and NTPC are the 4 picks in this dividend stocks with 15 per cent profit growth watchlist, with market caps between Rs 3.04 lakh crore and Rs 4.98 lakh crore. LIC stands out for the highest return on equity at 32.53%, while M&M offers the biggest five-year price gain at 220.52%. PE ratios run from 8.30 to 36.95, so compare each one with its industry PE before investing. All figures are as of 21 October 2026.
Dividend stocks with 15 per cent profit growth to watch for multibagger potential start with a simple filter: size, a clean financial record and earnings that keep growing. LIC, M&M, UltraTech Cement and NTPC meet that test, with market caps from Rs 3.04 lakh crore to Rs 4.98 lakh crore and LIC offering the highest return on equity at 32.53%. Each of these companies has a dividend yield of at least 1 per cent and FY26 profit growth of at least 15 per cent, and net profit rose in FY26 and in the latest quarter.
This list covers companies with a dividend yield of at least 1 per cent and FY26 profit growth of at least 15 per cent, rising profit in FY26 and the latest quarter, market capitalisation above Rs 1,00,000 crore, and complete, verifiable financials, ranked by market capitalisation. Each company has a market cap above Rs 1 lakh crore. Investors screening dividend stocks with 15 per cent profit growth usually begin with size and balance sheet strength, and this list follows the same logic. All figures are as of 21 October 2026 and are drawn from NSE and BSE data and company filings.
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What Are Dividend Stocks With 15 Per Cent Profit Growth and Why Do They Attract Multibagger Interest?
Dividend stocks with 15 per cent profit growth are shares that pay a steady dividend and are also growing profit. The four here cover life insurance, vehicles, cement and power generation.
A dividend backed by rising profit is more reliable than one paid from a shrinking base. For dividend stocks with 15 per cent profit growth, latest quarter profit also rose. With dividend stocks with 15 per cent profit growth, 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 dividend stocks with 15 per cent profit growth are complete. Read each company’s latest results and exchange filings before acting on dividend stocks with 15 per cent profit growth.
Dividend Stocks With 15 Per Cent Profit Growth at a Glance: Price, Market Cap, PE and ROE
Prices are closing prices as of 21 October 2026. LIC combines the lowest PE of the group, 8.30, with the highest return on equity, 32.53%.
| Stock | CMP (Rs) | Market Cap (Rs Cr) | PE | Industry PE | ROE | Debt to Equity | 52-Week Range (Rs) |
|---|---|---|---|---|---|---|---|
| Life Insurance Corporation of India | 392.05 | 4,98,410 | 8.30 | 10.47 | 32.53% | 0.00 | 360.75 to 468.48 |
| Mahindra & Mahindra | 2,889 | 3,48,064 | 17.19 | 23.82 | 18.37% | 1.44 | 2,744.30 to 3,839.90 |
| UltraTech Cement | 10,849 | 3,16,676 | 36.95 | 29.41 | 10.66% | 0.31 | 10,325.00 to 13,110.00 |
| NTPC | 303 | 3,04,475 | 10.75 | 21.61 | 13.31% | 1.33 | 303.00 to 414.40 |
LIC: 93.19% Profit CAGR Since FY22
LIC is India’s largest life insurer and one of the biggest institutional investors in the stock market, with a vast agent network across the country. It reported FY26 revenue of Rs 9,90,211.25 crore, up 10.23% year on year, and net profit of Rs 57,453.15 crore, up 18.90%. Net profit has compounded at 93.19% a year since FY22, while revenue has grown 7.96% a year. Operating margin was 5.51% in FY26. The debt-to-equity ratio is 0.00, which keeps interest costs low.
In the June 2026 quarter, revenue rose 6.97% to Rs 2,41,166.45 crore and net profit grew 23.98% to Rs 13,584.25 crore. Domestic institutions raised their holding from 1.36% in September 2025 to 6.17% in September 2026. The stock trades at a PE of 8.30 against an industry PE of 10.47, below the sector average, with a return on equity of 32.53%.
M&M: 26.58% Profit CAGR Since FY22
Mahindra & Mahindra is one of the largest SUV makers in India and the country’s largest tractor maker, with financial services and electric vehicles in its portfolio. It reported FY26 revenue of Rs 2,02,084.34 crore, up 25.21% year on year, and net profit of Rs 18,621.71 crore, up 32.32%. Net profit has compounded at 26.58% a year since FY22, while revenue has grown 22.04% a year. Operating margin was 21.19% in FY26.
The stock trades at a PE of 17.19 against an industry PE of 23.82, below the sector average, with a return on equity of 18.37%. In the June 2026 quarter, revenue rose 27.47% to Rs 59,203.60 crore and net profit grew 37.04% to Rs 5,997.56 crore. The share price has gained 220.52% over five years. Domestic institutions raised their holding from 29.59% in June 2025 to 32.65% in June 2026.
UltraTech Cement: Profit Compounding at 3.36% a Year
UltraTech Cement is the largest cement producer in India by capacity, with plants and grinding units across the country. It reported FY26 revenue of Rs 89,089.04 crore, up 16.15% year on year, and net profit of Rs 8,188.35 crore, up 35.58%. Revenue has compounded at 13.81% a year since FY22. Operating margin was 19.71% in FY26. The debt-to-equity ratio is 0.31.
In the June 2026 quarter, revenue rose 15.49% to Rs 24,778.47 crore and net profit grew 17.24% to Rs 2,603.72 crore. Domestic institutions raised their holding from 16.65% in September 2025 to 20.86% in September 2026. The stock trades at a PE of 36.95 against an industry PE of 29.41. The dividend yield is 2.23%.
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.
Dividend Stocks With 15 Per Cent Profit Growth: Financial Comparison on Growth and Margins
The table compares scale and growth across these dividend stocks with 15 per cent profit growth. 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 | Operating Margin (Latest Quarter) |
|---|---|---|---|---|---|---|
| LIC | 9,90,211.25 | 57,453.15 | 7.96% | 93.19% | 6.97% | 12.00% |
| M&M | 2,02,084.34 | 18,621.71 | 22.04% | 26.58% | 27.47% | 20.77% |
| UltraTech Cement | 89,089.04 | 8,188.35 | 13.81% | 3.36% | 15.49% | 20.83% |
| NTPC | 1,89,798.56 | 30,009.98 | 8.89% | 18.01% | 6.94% | 35.04% |
Check the Univest Screener for live data on these dividend stocks with 15 per cent profit growth
Institutional Holding in LIC, M&M, UltraTech Cement and NTPC
Institutional holding shows who is backing these dividend stocks with 15 per cent profit growth alongside the promoter. The table uses the latest reported quarter for each. M&M has the deepest institutional backing, with FII and DII together holding 67.54% as of June 2026. Domestic institutions increased their holding over the past year in LIC (from 1.36% to 6.17%), M&M (from 29.59% to 32.65%), UltraTech Cement (from 16.65% to 20.86%) and NTPC (from 28.92% to 29.44%).
| Stock | Promoter | FII | DII | Public | Quarter |
|---|---|---|---|---|---|
| LIC | 90.00% | 1.55% | 6.17% | 2.28% | September 2026 |
| M&M | 18.45% | 34.89% | 32.65% | 14.01% | June 2026 |
| UltraTech Cement | 58.48% | 12.69% | 20.86% | 7.97% | September 2026 |
| NTPC | 51.10% | 16.30% | 29.44% | 3.15% | June 2026 |
Risks to Weigh in Dividend Stocks With 15 Per Cent Profit Growth
Being careful with dividend stocks with 15 per cent profit growth 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: UltraTech Cement trades at a PE of 36.95 against an industry PE of 29.41, 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 Dividend Stocks With 15 Per Cent Profit Growth
Picking from dividend stocks with 15 per cent profit growth 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 (10.47 to 29.41) 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.
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Conclusion
Among dividend stocks with 15 per cent profit growth, LIC stands out for the highest return on equity at 32.53%, M&M for the biggest five-year price gain at 220.52%, UltraTech Cement for 16.15% revenue growth in FY26 and NTPC for 6.94% revenue growth in the June 2026 quarter. 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 dividend stocks with 15 per cent profit growth 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 Dividend Stocks With 15 Per Cent Profit Growth to Watch
Which are the best dividend stocks with 15 per cent profit growth to watch for multibagger potential?
Ans. LIC, M&M, UltraTech Cement and NTPC are the 4 names this list highlights, with market caps of Rs 4,98,410 crore, Rs 3,48,064 crore, Rs 3,16,676 crore and Rs 3,04,475 crore respectively. LIC is notable for the highest return on equity at 32.53%. M&M stands out for the biggest five-year price gain at 220.52%. UltraTech Cement offers 16.15% revenue growth in FY26. NTPC brings 6.94% revenue growth in the June 2026 quarter. These are watchlist names for dividend stocks with 15 per cent profit growth, not recommendations, so match each one to your own risk profile and time horizon.
Is LIC a good stock for long-term investors?
Ans. LIC has a return on equity of 32.53%, a PE of 8.30 against an industry PE of 10.47 and a market cap of Rs 4,98,410 crore. Net profit has compounded at 93.19% a year since FY22, and FY26 revenue rose 10.23% while June 2026 quarter net profit grew 23.98%. Long-term returns in dividend stocks with 15 per cent profit growth depend on earnings growth and the price paid at entry, so staggering purchases and consulting a SEBI-registered advisor is sensible.
Can M&M become a multibagger from here?
Ans. M&M has already gained 220.52% in five years, so another multi-fold move would need sustained earnings growth. A multibagger outcome in dividend stocks with 15 per cent profit growth requires earnings to keep growing faster than the market for several years. Net profit has compounded at 26.58% a year since FY22, and FY26 revenue rose 25.21%. At a PE of 17.19 against an industry PE of 23.82, valuation should be checked against that growth before investing.
What is the market cap of LIC, M&M, UltraTech Cement and NTPC?
Ans. As of 21 October 2026, LIC has a market cap of Rs 4,98,410 crore, M&M has a market cap of Rs 3,48,064 crore, UltraTech Cement has a market cap of Rs 3,16,676 crore and NTPC has a market cap of Rs 3,04,475 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 dividend stocks with 15 per cent profit growth.
What are the risks of investing in dividend stocks with 15 per cent profit growth?
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. UltraTech Cement trades at a PE of 36.95 against an industry PE of 29.41, so earnings growth needs to hold up.
Why is UltraTech Cement trading at a PE of 36.95?
Ans. UltraTech Cement’s PE of 36.95 compares with an industry PE of 29.41. The market is paying a premium for latest-quarter profit growth of 17.24% and FY26 revenue growth of 16.15%, which also means the stock is more sensitive if growth slows. Investors in dividend stocks with 15 per cent profit growth who are comfortable with higher valuation risk may prefer to stagger purchases instead of investing in one go.
How much do institutions hold in LIC, M&M, UltraTech Cement and NTPC?
Ans. As of the latest reported quarter, FII and DII together hold 7.72% of LIC (1.55% and 6.17%), 67.54% of M&M (34.89% and 32.65%), 33.55% of UltraTech Cement (12.69% and 20.86%) and 45.74% of NTPC (16.30% and 29.44%). Rising institutional holding is a useful signal in dividend stocks with 15 per cent profit growth, though it should be read with earnings trends rather than on its own.
