4 Largecap Promoter Backed Stocks to Watch for Future Multibagger Potential: TCS, LIC, Adani Power and Pidilite
- October 26, 2026
- Posted by: Manan Bisht
- Category: Best Stocks
TCS Rs 2,530. LIC Rs 381.50. Adani Power Rs 182.04. Pidilite Rs 1,487.70. Market caps from Rs 1.54 lakh crore to Rs 8.41 lakh crore. Data as of 23 Oct 2026.
Quick Answer
TCS, LIC, Adani Power and Pidilite are the 4 picks in this promoter backed stocks watchlist, with market caps between Rs 1.54 lakh crore and Rs 8.41 lakh crore. TCS stands out for the highest return on equity at 43.37%, while LIC offers the fastest profit growth, 93.19% a year since FY22. PE ratios run from 8.17 to 57.51, so compare each one with its industry PE before investing. All figures are as of 23 October 2026.
Promoter backed stocks to watch for multibagger potential start with a simple filter: size, a clean financial record and earnings that keep growing. TCS, LIC, Adani Power and Pidilite meet that test, with market caps from Rs 1.54 lakh crore to Rs 8.41 lakh crore and TCS offering the highest return on equity at 43.37%. Each of these companies has promoter holding of at least 60 per cent and a return on equity of at least 12 per cent, and net profit rose in FY26 and in the latest quarter.
This list covers companies with promoter holding of at least 60 per cent and a return on equity of at least 12 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 promoter backed stocks usually begin with size and balance sheet strength, and this list follows the same logic. All figures are as of 23 October 2026 and are drawn from NSE and BSE data and company filings.
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What Are Promoter Backed Stocks and Why Do They Attract Multibagger Interest?
Promoter backed stocks are shares of large companies where the promoters own a large part of the business, which ties their interests closely to those of minority shareholders. The four here cover IT services, insurance, power generation and adhesives.
A large promoter stake keeps the owners invested in the company’s future. For promoter backed stocks, both FY26 and the latest quarter showed growth. Investors researching promoter backed stocks get a fuller picture by reading growth and valuation together. The table below lines up promoter backed stocks on size, growth and valuation, using complete FY26 and latest quarter numbers. Past performance does not guarantee future returns, so use promoter backed stocks as a starting point for your own research.
Promoter Backed Stocks at a Glance: Price, Market Cap, PE and ROE
Prices are closing prices as of 23 October 2026. LIC has the lowest PE of the group at 8.17, while TCS posts the highest return on equity at 43.37%.
| Stock | CMP (Rs) | Market Cap (Rs Cr) | PE | Industry PE | ROE | Debt to Equity | 52-Week Range (Rs) |
|---|---|---|---|---|---|---|---|
| Tata Consultancy Services | 2,530 | 8,40,559 | 16.21 | 18.27 | 43.37% | 0.10 | 1,976.80 to 3,350.00 |
| Life Insurance Corporation of India | 381.50 | 4,90,693 | 8.17 | 10.47 | 32.53% | 0.00 | 360.75 to 468.48 |
| Adani Power | 182.04 | 3,71,959 | 25.58 | 22.18 | 19.76% | 0.84 | 182.04 to 463.25 |
| Pidilite Industries | 1,487.70 | 1,53,879 | 57.51 | 36.15 | 22.61% | 0.04 | 1,259.00 to 1,707.50 |
TCS: Return on Equity of 43.37%
TCS is India’s largest IT services company by market capitalisation and runs large AI and data practices for global clients. It reported FY26 revenue of Rs 2,71,423 crore, up 4.68% year on year, and net profit of Rs 49,454 crore, up 1.35%. Net profit has compounded at 6.49% a year since FY22, while revenue has grown 8.51% a year. Operating margin was 27.07% in FY26. The debt-to-equity ratio is 0.10, which keeps interest costs low.
In the September 2026 quarter, revenue rose 11.79% to Rs 74,525 crore and net profit grew 14.86% to Rs 13,934 crore. Domestic institutions raised their holding from 12.01% in June 2025 to 13.47% in June 2026. The stock trades at a PE of 16.21 against an industry PE of 18.27, below the sector average, with a return on equity of 43.37%. The dividend yield is 4.74%.
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.
The stock trades at a PE of 8.17 against an industry PE of 10.47, below the sector average, with a return on equity of 32.53%. 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.
Adani Power: 27.48% Profit CAGR Since FY22
Adani Power is one of the largest private thermal power producers in India. It reported FY26 revenue of Rs 57,865.28 crore and net profit of Rs 12,971.08 crore, up 1.74%. Net profit has compounded at 27.48% a year since FY22, while revenue has grown 16.25% a year. Operating margin was 43.20% in FY26.
In the June 2026 quarter, revenue rose 32.58% to Rs 19,322.30 crore and net profit grew 47.24% to Rs 4,866.60 crore. Domestic institutions raised their holding from 2.69% in September 2025 to 4.47% in September 2026. The stock trades at a PE of 25.58 against an industry PE of 22.18, with a return on equity of 19.76%.
Pidilite: Return on Equity of 22.61%
Pidilite Industries makes Fevicol, Dr. Fixit and other adhesives and construction chemicals. It reported FY26 revenue of Rs 14,867.01 crore, up 11.05% year on year, and net profit of Rs 2,470.72 crore, up 17.87%. Net profit has compounded at 19.62% a year since FY22, while revenue has grown 10.54% a year. Operating margin was 25.81% in FY26. The debt-to-equity ratio is 0.04, which keeps interest costs low.
The stock trades at a PE of 57.51 against an industry PE of 36.15, with a return on equity of 22.61%. In the June 2026 quarter, revenue rose 20.96% to Rs 4,643.55 crore and net profit grew 30.29% to Rs 883.51 crore. Domestic institutions raised their holding from 9.15% in June 2025 to 9.88% in June 2026.
Promoter Backed Stocks: Financial Comparison on Growth and Margins
The table compares scale and growth across these promoter backed 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) | 4-Year Revenue CAGR | 4-Year Net Profit CAGR | Latest Quarter Revenue Growth | Operating Margin (Latest Quarter) |
|---|---|---|---|---|---|---|
| TCS | 2,71,423 | 49,454 | 8.51% | 6.49% | 11.79% | 27.53% |
| LIC | 9,90,211.25 | 57,453.15 | 7.96% | 93.19% | 6.97% | 12.00% |
| Adani Power | 57,865.28 | 12,971.08 | 16.25% | 27.48% | 32.58% | 44.90% |
| Pidilite | 14,867.01 | 2,470.72 | 10.54% | 19.62% | 20.96% | 28.62% |
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Institutional Holding in TCS, LIC, Adani Power and Pidilite
Institutional holding shows who is backing these promoter backed stocks alongside the promoter. The table uses the latest reported quarter for each. TCS has the deepest institutional backing, with FII and DII together holding 22.53% as of June 2026. Domestic institutions increased their holding over the past year in TCS (from 12.01% to 13.47%), LIC (from 1.36% to 6.17%), Adani Power (from 2.69% to 4.47%) and Pidilite (from 9.15% to 9.88%).
| Stock | Promoter | FII | DII | Public | Quarter |
|---|---|---|---|---|---|
| TCS | 71.77% | 9.06% | 13.47% | 5.70% | June 2026 |
| LIC | 90.00% | 1.55% | 6.17% | 2.28% | September 2026 |
| Adani Power | 74.96% | 11.03% | 4.47% | 9.54% | September 2026 |
| Pidilite | 69.24% | 11.69% | 9.88% | 9.18% | June 2026 |
Risks to Weigh in Promoter Backed Stocks
Being careful with promoter backed stocks 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: Pidilite trades at a PE of 57.51 against an industry PE of 36.15, 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 Promoter Backed Stocks
Picking from promoter backed 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 (10.47 to 36.15) 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 promoter backed stocks, TCS stands out for the highest return on equity at 43.37%, LIC for the fastest profit growth, 93.19% a year since FY22, Adani Power for the strongest latest-quarter profit growth at 47.24% and Pidilite for a nearly debt-free balance sheet, with a debt-to-equity ratio of 0.04. 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 promoter backed 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 Promoter Backed Stocks to Watch
Which are the best promoter backed stocks to watch for multibagger potential?
Ans. TCS, LIC, Adani Power and Pidilite are the 4 names this list highlights, with market caps of Rs 8,40,559 crore, Rs 4,90,693 crore, Rs 3,71,959 crore and Rs 1,53,879 crore respectively. TCS is notable for the highest return on equity at 43.37%. LIC stands out for the fastest profit growth, 93.19% a year since FY22. Adani Power offers the strongest latest-quarter profit growth at 47.24%. Pidilite brings a nearly debt-free balance sheet, with a debt-to-equity ratio of 0.04. These are watchlist names for promoter backed stocks, not recommendations, so match each one to your own risk profile and time horizon.
Is TCS a good stock for long-term investors?
Ans. TCS has a return on equity of 43.37%, a PE of 16.21 against an industry PE of 18.27 and a market cap of Rs 8,40,559 crore. Net profit has compounded at 6.49% a year since FY22, and FY26 revenue rose 4.68% while September 2026 quarter net profit grew 14.86%. Long-term returns in promoter backed stocks depend on earnings growth and the price paid at entry, so staggering purchases and consulting a SEBI-registered advisor is sensible.
Can LIC become a multibagger from here?
Ans. LIC has a market cap of Rs 4,90,693 crore. A multibagger outcome in promoter backed stocks requires earnings to keep growing faster than the market for several years. Net profit has compounded at 93.19% a year since FY22, and FY26 revenue rose 10.23%. At a PE of 8.17 against an industry PE of 10.47, valuation should be checked against that growth before investing.
What is the market cap of TCS, LIC, Adani Power and Pidilite?
Ans. As of 23 October 2026, TCS has a market cap of Rs 8,40,559 crore, LIC has a market cap of Rs 4,90,693 crore, Adani Power has a market cap of Rs 3,71,959 crore and Pidilite has a market cap of Rs 1,53,879 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 promoter backed stocks.
What are the risks of investing in promoter backed 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. Pidilite trades at a PE of 57.51 against an industry PE of 36.15, so earnings growth needs to hold up.
Why is Pidilite trading at a PE of 57.51?
Ans. Pidilite’s PE of 57.51 compares with an industry PE of 36.15. The market is paying a premium for a return on equity of 22.61%, profit growth of 19.62% a year since FY22 and latest-quarter profit growth of 30.29%, which also means the stock is more sensitive if growth slows. Investors in promoter backed 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 TCS, LIC, Adani Power and Pidilite?
Ans. As of the latest reported quarter, FII and DII together hold 22.53% of TCS (9.06% and 13.47%), 7.72% of LIC (1.55% and 6.17%), 15.50% of Adani Power (11.03% and 4.47%) and 21.57% of Pidilite (11.69% and 9.88%). Rising institutional holding is a useful signal in promoter backed stocks, though it should be read with earnings trends rather than on its own.
