4 Midcap Stocks With PB Between 6 and 10 to Watch for Future Multibagger Potential: Max Healthcare, Mazagon Dock, Aegis Logistics and Astral
- October 27, 2026
- Posted by: Manan Bisht
- Category: Best Stocks
Max Healthcare Rs 835. Mazagon Dock Rs 1,875. Aegis Logistics Rs 1,291.10. Astral Rs 1,349. Market caps from Rs 36,624 crore to Rs 85,241 crore. Data as of 26 Oct 2026.
Quick Answer
Max Healthcare, Mazagon Dock, Aegis Logistics and Astral are the 4 picks in this stocks with PB between 6 and 10 watchlist, with market caps between Rs 36,624 crore and Rs 85,241 crore. Max Healthcare stands out for the largest market cap at Rs 85,241 crore, while Mazagon Dock offers the highest return on equity at 26.48%. PE ratios run from 28.99 to 63.61, so compare each one with its industry PE before investing. All figures are as of 26 October 2026.
Stocks with PB between 6 and 10 to watch for multibagger potential start with a simple filter: size, a clean financial record and earnings that keep growing. Max Healthcare, Mazagon Dock, Aegis Logistics and Astral meet that test, with market caps from Rs 36,624 crore to Rs 85,241 crore and Max Healthcare offering the largest market cap at Rs 85,241 crore. Each of these companies has a market capitalisation between Rs 30,000 crore and Rs 1,00,000 crore and a price to book ratio between 6 and 10, a return on equity of at least 10 per cent and profit growth in FY26 and in the latest quarter, and net profit rose in FY26 and in the latest quarter.
This list covers companies with a market capitalisation between Rs 30,000 crore and Rs 1,00,000 crore and a price to book ratio between 6 and 10, a return on equity of at least 10 per cent and profit growth in FY26 and in the latest quarter, rising profit in FY26 and the latest quarter, and complete, verifiable financials, ranked by market capitalisation. Each company has a market cap between Rs 30,000 crore and Rs 1 lakh crore. Investors screening stocks with PB between 6 and 10 usually begin with size and balance sheet strength, and this list follows the same logic. All figures are as of 26 October 2026 and are drawn from NSE and BSE data and company filings.
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What Are Stocks With PB Between 6 and 10 and Why Do They Attract Multibagger Interest?
Stocks with PB between 6 and 10 are shares that trade at six to ten times book value, a premium that investors pay for mid sized companies with high returns and strong brands. The four here cover hospitals, shipbuilding, gas logistics and pipes.
A price to book ratio in this range reflects investor trust that a company can earn high returns on its capital for years. For stocks with PB between 6 and 10, both FY26 and the latest quarter showed growth. Whichever way you read stocks with PB between 6 and 10, the common thread is rising profit backed by complete financial data. With stocks with PB between 6 and 10, 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 PB between 6 and 10 are complete. Read each company’s latest results and exchange filings before acting on stocks with PB between 6 and 10.
Stocks With PB Between 6 and 10 at a Glance: Price, Market Cap, PE and ROE
Prices are closing prices as of 26 October 2026. Mazagon Dock combines the lowest PE of the group, 28.99, with the highest return on equity, 26.48%.
| Stock | CMP (Rs) | Market Cap (Rs Cr) | PE | Industry PE | ROE | Debt to Equity | 52-Week Range (Rs) |
|---|---|---|---|---|---|---|---|
| Max Healthcare Institute | 835 | 85,241 | 58.50 | 60.75 | 13.42% | 0.32 | 815.00 to 1,221.90 |
| Mazagon Dock Shipbuilders | 1,875 | 82,736 | 28.99 | 48.92 | 26.48% | 0.05 | 1,860.00 to 2,881.80 |
| Aegis Logistics | 1,291.10 | 47,970 | 32.51 | 54.37 | 14.83% | 0.69 | 576.10 to 1,528.70 |
| Astral | 1,349 | 36,624 | 63.61 | 36.61 | 13.18% | 0.06 | 1,311.60 to 1,768.70 |
Max Healthcare: 24.26% Profit CAGR Since FY22
Max Healthcare Institute runs a network of multi-speciality hospitals in Delhi NCR, Mumbai and other cities. It reported FY26 revenue of Rs 8,536.07 crore, up 18.82% year on year, and net profit of Rs 1,442.41 crore, up 34.07%. Net profit has compounded at 24.26% a year since FY22, while revenue has grown 20.42% a year. Operating margin was 28.15% in FY26. The debt-to-equity ratio is 0.32.
In the June 2026 quarter, revenue rose 16.60% to Rs 2,406.69 crore and net profit grew 4.87% to Rs 322.96 crore. The share price has gained 149.91% over five years. Domestic institutions raised their holding from 17.42% in June 2025 to 29.96% in June 2026. The stock trades at a PE of 58.50 against an industry PE of 60.75, below the sector average, with a return on equity of 13.42%.
Mazagon Dock: 44.01% Profit CAGR Since FY22
Mazagon Dock Shipbuilders builds warships and submarines for the Indian Navy and is a key defence shipyard. It reported FY26 revenue of Rs 14,145.71 crore, up 12.77% year on year, and net profit of Rs 2,421.88 crore, up 6.35%. Net profit has compounded at 44.01% a year since FY22, while revenue has grown 23.18% a year. Operating margin was 26.20% in FY26. The debt-to-equity ratio is 0.05, which keeps interest costs low.
The stock trades at a PE of 28.99 against an industry PE of 48.92, below the sector average, with a return on equity of 26.48%. In the June 2026 quarter, revenue rose 10.40% to Rs 3,255.88 crore and net profit grew 22.12% to Rs 512.04 crore. The share price has gained 1461.53% over five years. Promoters hold 81.22%, which keeps ownership stable.
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 32.51 against an industry PE of 54.37, below the sector average, with a return on equity of 14.83%.
Astral: Debt-to-Equity of 0.06
Astral makes CPVC and PVC pipes, fittings, adhesives and water tanks for plumbing and drainage in homes and buildings. It reported FY26 revenue of Rs 6,615.90 crore, up 12.64% year on year, and net profit of Rs 534.70 crore, up 3.04%. Revenue has compounded at 10.55% a year since FY22. Operating margin was 16.54% in FY26. The debt-to-equity ratio is 0.06, which keeps interest costs low.
The stock trades at a PE of 63.61 against an industry PE of 36.61, with a return on equity of 13.18%. In the June 2026 quarter, revenue rose 16.09% to Rs 1,590.80 crore and net profit grew 51.77% to Rs 120.20 crore. Domestic institutions raised their holding from 14.90% in June 2025 to 21.31% in June 2026.
Stocks With PB Between 6 and 10: Financial Comparison on Growth and Margins
The table compares scale and growth across these stocks with PB between 6 and 10. 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) |
|---|---|---|---|---|---|---|
| Max Healthcare | 8,536.07 | 1,442.41 | 18.82% | 20.42% | 24.26% | 27.00% |
| Mazagon Dock | 14,145.71 | 2,421.88 | 12.77% | 23.18% | 44.01% | 25.82% |
| Aegis Logistics | 8,659.79 | 1,106.63 | 24.21% | 16.70% | 30.21% | 34.79% |
| Astral | 6,615.90 | 534.70 | 12.64% | 10.55% | 2.19% | 15.46% |
Check the Univest Screener for live data on these stocks with PB between 6 and 10
Institutional Holding in Max Healthcare, Mazagon Dock, Aegis Logistics and Astral
Institutional holding shows who is backing these stocks with PB between 6 and 10 alongside the promoter. The table uses the latest reported quarter for each. Max Healthcare has the deepest institutional backing, with FII and DII together holding 71.74% as of June 2026. Domestic institutions increased their holding over the past year in Max Healthcare (from 17.42% to 29.96%) and Astral (from 14.90% to 21.31%).
| Stock | Promoter | FII | DII | Public | Quarter |
|---|---|---|---|---|---|
| Max Healthcare | 23.71% | 41.78% | 29.96% | 4.56% | June 2026 |
| Mazagon Dock | 81.22% | 1.72% | 5.01% | 12.04% | June 2026 |
| Aegis Logistics | 58.10% | 19.13% | 4.01% | 18.77% | September 2026 |
| Astral | 54.22% | 13.89% | 21.31% | 10.58% | June 2026 |
Risks to Weigh in Stocks With PB Between 6 and 10
Being careful with stocks with PB between 6 and 10 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: Astral trades at a PE of 63.61 against an industry PE of 36.61, 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 Stocks With PB Between 6 and 10
Picking from stocks with PB between 6 and 10 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 (36.61 to 60.75) 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 Max Healthcare, Mazagon Dock, Aegis Logistics and Astral live prices.
Conclusion
Among stocks with PB between 6 and 10, Max Healthcare stands out for the largest market cap at Rs 85,241 crore, Mazagon Dock for the highest return on equity at 26.48%, Aegis Logistics for the strongest latest-quarter profit growth at 210.70% and Astral for a nearly debt-free balance sheet, with a debt-to-equity ratio of 0.06. 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 PB between 6 and 10 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 PB Between 6 and 10 to Watch
Which are the best stocks with PB between 6 and 10 to watch for multibagger potential?
Ans. Max Healthcare, Mazagon Dock, Aegis Logistics and Astral are the 4 names this list highlights, with market caps of Rs 85,241 crore, Rs 82,736 crore, Rs 47,970 crore and Rs 36,624 crore respectively. Max Healthcare is notable for the largest market cap at Rs 85,241 crore. Mazagon Dock stands out for the highest return on equity at 26.48%. Aegis Logistics offers the strongest latest-quarter profit growth at 210.70%. Astral brings a nearly debt-free balance sheet, with a debt-to-equity ratio of 0.06. These are watchlist names for stocks with PB between 6 and 10, not recommendations, so match each one to your own risk profile and time horizon.
Is Mazagon Dock a good stock for long-term investors?
Ans. Mazagon Dock has a return on equity of 26.48%, a PE of 28.99 against an industry PE of 48.92 and a market cap of Rs 82,736 crore. Net profit has compounded at 44.01% a year since FY22, and FY26 revenue rose 12.77% while June 2026 quarter net profit grew 22.12%. Long-term returns in stocks with PB between 6 and 10 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 stocks with PB between 6 and 10 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 32.51 against an industry PE of 54.37, valuation should be checked against that growth before investing.
What is the market cap of Max Healthcare, Mazagon Dock, Aegis Logistics and Astral?
Ans. As of 26 October 2026, Max Healthcare has a market cap of Rs 85,241 crore, Mazagon Dock has a market cap of Rs 82,736 crore, Aegis Logistics has a market cap of Rs 47,970 crore and Astral has a market cap of Rs 36,624 crore. All of them qualify as midcaps. 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 PB between 6 and 10.
What are the risks of investing in stocks with PB between 6 and 10?
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. Astral trades at a PE of 63.61 against an industry PE of 36.61, so earnings growth needs to hold up.
Why is Astral trading at a PE of 63.61?
Ans. Astral’s PE of 63.61 compares with an industry PE of 36.61. The market is paying a premium for latest-quarter profit growth of 51.77%, which also means the stock is more sensitive if growth slows. Investors in stocks with PB between 6 and 10 who are comfortable with higher valuation risk may prefer to stagger purchases instead of investing in one go.
How much do institutions hold in Max Healthcare, Mazagon Dock, Aegis Logistics and Astral?
Ans. As of the latest reported quarter, FII and DII together hold 71.74% of Max Healthcare (41.78% and 29.96%), 6.73% of Mazagon Dock (1.72% and 5.01%), 23.14% of Aegis Logistics (19.13% and 4.01%) and 35.20% of Astral (13.89% and 21.31%). Rising institutional holding is a useful signal in stocks with PB between 6 and 10, though it should be read with earnings trends rather than on its own.
