4 Midcap FII Holding 10-20 Per Cent Stocks to Watch for Future Multibagger Potential: SRF, Kalyan Jewellers, Mphasis and Astral
- October 28, 2026
- Posted by: Manan Bisht
- Category: Best Stocks
SRF Rs 2,335. Kalyan Jewellers Rs 500. Mphasis Rs 2,618.40. Astral Rs 1,376. Market caps from Rs 37,358 crore to Rs 74,076 crore. Data as of 27 Oct 2026.
Quick Answer
SRF, Kalyan Jewellers, Mphasis and Astral are the 4 picks in this FII holding 10-20 per cent stocks watchlist, with market caps between Rs 37,358 crore and Rs 74,076 crore. SRF stands out for the strongest latest-quarter profit growth at 75.53%, while Kalyan Jewellers offers the highest return on equity at 21.41%. PE ratios run from 25.71 to 64.89, so compare each one with its industry PE before investing. All figures are as of 27 October 2026.
FII holding 10-20 per cent stocks to watch for multibagger potential start with a simple filter: size, a clean financial record and earnings that keep growing. SRF, Kalyan Jewellers, Mphasis and Astral meet that test, with market caps from Rs 37,358 crore to Rs 74,076 crore and SRF offering the strongest latest-quarter profit growth at 75.53%. Each of these companies has a market capitalisation between Rs 30,000 crore and Rs 1,00,000 crore and foreign institutional holding between 10 and 20 per cent, 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 foreign institutional holding between 10 and 20 per cent, 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 FII holding 10-20 per cent stocks usually begin with size and balance sheet strength, and this list follows the same logic. All figures are as of 27 October 2026 and are drawn from NSE and BSE data and company filings.
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What Are FII Holding 10-20 Per Cent Stocks and Why Do They Attract Multibagger Interest?
FII holding 10-20 per cent stocks are shares in which foreign institutional investors own 10 to 20 per cent of the company, a solid stake that still leaves room for global funds to buy more. The four here cover specialty chemicals, jewellery, IT services and pipes.
A foreign stake in this range shows that global funds already back the business, while the space to add more can support future demand for the shares. For FII holding 10-20 per cent stocks, both FY26 and the latest quarter showed growth. A sensible way to study FII holding 10-20 per cent stocks is to look at profit growth, returns and valuation side by side. Below, each of FII holding 10-20 per cent stocks gets its own breakdown of growth, returns and valuation. Treat FII holding 10-20 per cent stocks as a research list, since share prices and rankings change with every earnings season.
FII Holding 10-20 Per Cent Stocks at a Glance: Price, Market Cap, PE and ROE
Prices are closing prices as of 27 October 2026. Mphasis has the lowest PE of the group at 25.71, while Kalyan Jewellers posts the highest return on equity at 21.41%.
| Stock | CMP (Rs) | Market Cap (Rs Cr) | PE | Industry PE | ROE | Debt to Equity | 52-Week Range (Rs) |
|---|---|---|---|---|---|---|---|
| SRF | 2,335 | 74,076 | 34.26 | 36.15 | 13.07% | 0.36 | 2,310.00 to 3,210.00 |
| Kalyan Jewellers India | 500 | 52,254 | 36.43 | 46.75 | 21.41% | 0.97 | 327.05 to 648.95 |
| Mphasis | 2,618.40 | 49,108 | 25.71 | 18.49 | 17.34% | 0.24 | 2,013.00 to 2,975.00 |
| Astral | 1,376 | 37,358 | 64.89 | 36.61 | 13.18% | 0.06 | 1,311.60 to 1,768.70 |
SRF: Quarterly Profit Up 75.53%
SRF operates in specialty chemicals, packaging films and technical textiles, and its chemicals business is a key earnings driver. It reported FY26 revenue of Rs 15,893.57 crore, up 7.20% year on year, and net profit of Rs 1,835.18 crore, up 46.72%. Revenue has compounded at 6.08% a year since FY22. Operating margin was 21.74% in FY26. The debt-to-equity ratio is 0.36.
In the June 2026 quarter, revenue rose 31.69% to Rs 5,067.17 crore and net profit grew 75.53% to Rs 758.87 crore. Domestic institutions raised their holding from 18.85% in June 2025 to 22.44% in June 2026. The stock trades at a PE of 34.26 against an industry PE of 36.15, below the sector average, with a return on equity of 13.07%.
Kalyan Jewellers: 56.69% Profit CAGR Since FY22
Kalyan Jewellers is one of the largest jewellery retailers in India, with showrooms across India and the Middle East. It reported FY26 revenue of Rs 35,950.88 crore, up 42.72% year on year, and net profit of Rs 1,350.39 crore, up 89.09%. Net profit has compounded at 56.69% a year since FY22, while revenue has grown 34.90% a year. Operating margin was 7.62% in FY26.
The stock trades at a PE of 36.43 against an industry PE of 46.75, below the sector average, with a return on equity of 21.41%. In the June 2026 quarter, revenue rose 45.52% to Rs 10,644.67 crore and net profit grew 32.03% to Rs 348.67 crore. The share price has gained 618.28% over five years and 14.90% over the past year. Promoters hold 62.85%, which keeps ownership stable.
Mphasis: Profit Compounding at 6.81% a Year
Mphasis provides IT, cloud and application services to banking, insurance and technology clients. It reported FY26 revenue of Rs 16,205.54 crore, up 11.88% year on year, and net profit of Rs 1,862.60 crore, up 9.43%. Net profit has compounded at 6.81% a year since FY22, while revenue has grown 7.53% a year. Operating margin was 20.58% in FY26. The debt-to-equity ratio is 0.24.
In the June 2026 quarter, revenue rose 17.14% to Rs 4,466.91 crore and net profit grew 10.82% to Rs 489.51 crore. Domestic institutions raised their holding from 37.07% in September 2025 to 45.85% in September 2026. The stock trades at a PE of 25.71 against an industry PE of 18.49, with a return on equity of 17.34%. The dividend yield is 2.41%.
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 64.89 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.
FII Holding 10-20 Per Cent Stocks: Financial Comparison on Growth and Margins
The table compares scale and growth across these FII holding 10-20 per cent 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 | Latest Quarter Revenue Growth | Operating Margin (Latest Quarter) |
|---|---|---|---|---|---|---|
| SRF | 15,893.57 | 1,835.18 | 7.20% | 6.08% | 31.69% | 25.73% |
| Kalyan Jewellers | 35,950.88 | 1,350.39 | 42.72% | 34.90% | 45.52% | 6.50% |
| Mphasis | 16,205.54 | 1,862.60 | 11.88% | 7.53% | 17.14% | 20.04% |
| Astral | 6,615.90 | 534.70 | 12.64% | 10.55% | 16.09% | 15.46% |
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Institutional Holding in SRF, Kalyan Jewellers, Mphasis and Astral
Institutional holding shows who is backing these FII holding 10-20 per cent stocks alongside the promoter. The table uses the latest reported quarter for each. Mphasis has the deepest institutional backing, with FII and DII together holding 65.24% as of September 2026. Domestic institutions increased their holding over the past year in SRF (from 18.85% to 22.44%), Mphasis (from 37.07% to 45.85%) and Astral (from 14.90% to 21.31%).
| Stock | Promoter | FII | DII | Public | Quarter |
|---|---|---|---|---|---|
| SRF | 50.26% | 15.45% | 22.44% | 11.85% | June 2026 |
| Kalyan Jewellers | 62.85% | 13.83% | 14.41% | 8.91% | September 2026 |
| Mphasis | 30.53% | 19.39% | 45.85% | 4.23% | September 2026 |
| Astral | 54.22% | 13.89% | 21.31% | 10.58% | June 2026 |
Risks to Weigh in FII Holding 10-20 Per Cent Stocks
Being careful with FII holding 10-20 per cent 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: Astral trades at a PE of 64.89 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 FII Holding 10-20 Per Cent Stocks
Picking from FII holding 10-20 per cent 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 (18.49 to 46.75) 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.
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Conclusion
Among FII holding 10-20 per cent stocks, SRF stands out for the strongest latest-quarter profit growth at 75.53%, Kalyan Jewellers for the highest return on equity at 21.41%, Mphasis for the lowest PE of the group at 25.71 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 FII holding 10-20 per cent 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 FII Holding 10-20 Per Cent Stocks to Watch
Which are the best FII holding 10-20 per cent stocks to watch for multibagger potential?
Ans. SRF, Kalyan Jewellers, Mphasis and Astral are the 4 names this list highlights, with market caps of Rs 74,076 crore, Rs 52,254 crore, Rs 49,108 crore and Rs 37,358 crore respectively. SRF is notable for the strongest latest-quarter profit growth at 75.53%. Kalyan Jewellers stands out for the highest return on equity at 21.41%. Mphasis offers the lowest PE of the group at 25.71. Astral brings a nearly debt-free balance sheet, with a debt-to-equity ratio of 0.06. These are watchlist names for FII holding 10-20 per cent stocks, not recommendations, so match each one to your own risk profile and time horizon.
Is Kalyan Jewellers a good stock for long-term investors?
Ans. Kalyan Jewellers has a return on equity of 21.41%, a PE of 36.43 against an industry PE of 46.75 and a market cap of Rs 52,254 crore. Net profit has compounded at 56.69% a year since FY22, and FY26 revenue rose 42.72% while June 2026 quarter net profit grew 32.03%. Long-term returns in FII holding 10-20 per cent stocks depend on earnings growth and the price paid at entry, so staggering purchases and consulting a SEBI-registered advisor is sensible.
Can Mphasis become a multibagger from here?
Ans. Mphasis has a market cap of Rs 49,108 crore. A multibagger outcome in FII holding 10-20 per cent stocks requires earnings to keep growing faster than the market for several years. Net profit has compounded at 6.81% a year since FY22, and FY26 revenue rose 11.88%. At a PE of 25.71 against an industry PE of 18.49, valuation should be checked against that growth before investing.
What is the market cap of SRF, Kalyan Jewellers, Mphasis and Astral?
Ans. As of 27 October 2026, SRF has a market cap of Rs 74,076 crore, Kalyan Jewellers has a market cap of Rs 52,254 crore, Mphasis has a market cap of Rs 49,108 crore and Astral has a market cap of Rs 37,358 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 FII holding 10-20 per cent stocks.
What are the risks of investing in FII holding 10-20 per cent 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. Astral trades at a PE of 64.89 against an industry PE of 36.61, so earnings growth needs to hold up.
Why is Astral trading at a PE of 64.89?
Ans. Astral’s PE of 64.89 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 FII holding 10-20 per cent 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 SRF, Kalyan Jewellers, Mphasis and Astral?
Ans. As of the latest reported quarter, FII and DII together hold 37.89% of SRF (15.45% and 22.44%), 28.24% of Kalyan Jewellers (13.83% and 14.41%), 65.24% of Mphasis (19.39% and 45.85%) and 35.20% of Astral (13.89% and 21.31%). Rising institutional holding is a useful signal in FII holding 10-20 per cent stocks, though it should be read with earnings trends rather than on its own.
