4 Largecap Book Value Per Share Above Rs 500 Stocks to Watch for Future Multibagger Potential: ICICI Bank, SBI, L&T and HAL
- October 30, 2026
- Posted by: Manan Bisht
- Category: Best Stocks
ICICI Bank Rs 1,386.60. SBI Rs 971.90. L&T Rs 3,837.10. HAL Rs 4,869.90. Market caps from Rs 3.33 lakh crore to Rs 9.53 lakh crore. Data as of 29 Oct 2026.
Quick Answer
ICICI Bank, SBI, L&T and HAL are the 4 picks in this book value per share above Rs 500 stocks watchlist, with market caps between Rs 3.33 lakh crore and Rs 9.53 lakh crore. ICICI Bank stands out for the largest market cap at Rs 9,53,334 crore, while SBI offers the fastest profit growth, 23.72% a year since FY22. PE ratios run from 9.84 to 35.69, so compare each one with its industry PE before investing. All figures are as of 29 October 2026.
Book value per share above Rs 500 stocks to watch for multibagger potential start with a simple filter: size, a clean financial record and earnings that keep growing. ICICI Bank, SBI, L&T and HAL meet that test, with market caps from Rs 3.33 lakh crore to Rs 9.53 lakh crore and ICICI Bank offering the largest market cap at Rs 9,53,334 crore. Each of these companies has a book value per share of at least Rs 500, worked out as the share price divided by the price to book ratio, 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 book value per share of at least Rs 500, worked out as the share price divided by the price to book ratio, 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, 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 book value per share above Rs 500 stocks usually begin with size and balance sheet strength, and this list follows the same logic. All figures are as of 29 October 2026 and are drawn from NSE and BSE data and company filings.
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What Are Book Value Per Share Above Rs 500 Stocks and Why Do They Attract Multibagger Interest?
Book value per share above Rs 500 stocks are shares of large companies whose net worth works out to Rs 500 or more for every share, which shows a deep base of assets and reserves standing behind each share. The four here cover private banking, public sector banking, engineering and aerospace and defence.
A large book value per share means that shareholders own a big slice of the company’s net worth with every share, and rising profit adds to that base each year. For book value per share above Rs 500 stocks, both FY26 and the latest quarter showed growth. Whichever way you read book value per share above Rs 500 stocks, the common thread is rising profit backed by complete financial data. For book value per share above Rs 500 stocks, checking each result against the latest quarter matters more than any single ratio. The next sections explain what stands out in each of book value per share above Rs 500 stocks, using FY26 and latest quarter data. Prices move daily, so recheck the figures for book value per share above Rs 500 stocks before you decide.
Book Value Per Share Above Rs 500 Stocks at a Glance: Price, Market Cap, PE, ROE and Price to Book
Prices are closing prices as of 29 October 2026. SBI has the lowest PE of the group at 9.84, while HAL posts the highest return on equity at 22.21%.
| Stock | CMP (Rs) | Market Cap (Rs Cr) | PE | Industry PE | ROE | Price to Book | 52-Week Range (Rs) |
|---|---|---|---|---|---|---|---|
| ICICI Bank | 1,386.60 | 9,53,334 | 15.95 | 12.05 | 15.00% | 2.55 | 1,187.60 to 1,480.00 |
| State Bank of India | 971.90 | 8,82,479 | 9.84 | 12.05 | 14.29% | 1.50 | 877.05 to 1,234.70 |
| Larsen & Toubro | 3,837.10 | 5,27,610 | 26.88 | 22.89 | 14.72% | 4.83 | 3,288.10 to 4,440.00 |
| Hindustan Aeronautics | 4,869.90 | 3,32,702 | 35.69 | 48.59 | 22.21% | 8.11 | 3,479.10 to 5,149.90 |
ICICI Bank: 22.29% Profit CAGR Since FY22
ICICI Bank is one of the largest private sector banks in India, with a strong retail and digital franchise. It reported FY26 total income of Rs 3,12,118.36 crore, up 5.95% year on year, and net profit of Rs 57,673.39 crore, up 5.98%. Net profit has compounded at 22.29% a year since FY22, while total income has grown 18.64% a year.
In the June 2026 quarter, total income rose 6.86% to Rs 79,689.22 crore and net profit grew 12.62% to Rs 16,209.74 crore. The share price has gained 85.57% over five years. Foreign investors raised their holding from 45.56% in September 2025 to 50.44% in September 2026. The stock trades at a PE of 15.95 against an industry PE of 12.05, with a return on equity of 15.00%.
SBI: 23.72% Profit CAGR Since FY22
State Bank of India is the country’s largest lender, with a branch network that reaches every part of India. It reported FY26 total income of Rs 7,12,643.53 crore, up 7.43% year on year, and net profit of Rs 85,168.47 crore, up 7.78%. Net profit has compounded at 23.72% a year since FY22, while total income has grown 15.03% a year.
The stock trades at a PE of 9.84 against an industry PE of 12.05, below the sector average, with a return on equity of 14.29%. The dividend yield is 1.82%. In the June 2026 quarter, total income rose 7.83% to Rs 1,80,061.86 crore and net profit grew 13.65% to Rs 24,579.04 crore. The share price has gained 92.86% over five years. Foreign investors raised their holding from 9.98% in July 2025 to 10.81% in June 2026.
L&T: Five-Year Gain of 104.68%
Larsen & Toubro is the largest engineering and construction company in India, with additional businesses in IT services and infrastructure projects. It reported FY26 revenue of Rs 2,91,635.04 crore, up 12.23% year on year, and net profit of Rs 19,159.40 crore, up 8.32%. Net profit has compounded at 16.81% a year since FY22, while revenue has grown 16.41% a year. Operating margin was 14.13% in FY26.
In the June 2026 quarter, revenue rose 8.12% to Rs 70,318.47 crore and net profit grew 15.20% to Rs 4,982.85 crore. The share price has gained 104.68% over five years. The stock trades at a PE of 26.88 against an industry PE of 22.89, with a return on equity of 14.72%.
HAL: Return on Equity of 22.21%
Hindustan Aeronautics is India’s state-owned aerospace company that designs, makes and services fighter jets, helicopters, engines and avionics. It reported FY26 revenue of Rs 36,787.95 crore, up 9.68% year on year, and net profit of Rs 9,115.52 crore, up 8.98%. Net profit has compounded at 15.74% a year since FY22, while revenue has grown 9.48% a year. Operating margin was 40.89% in FY26. The debt-to-equity ratio is 0.00, which keeps interest costs low.
The stock trades at a PE of 35.69 against an industry PE of 48.59, below the sector average, with a return on equity of 22.21%. In the June 2026 quarter, revenue rose 15.26% to Rs 6,415.41 crore and net profit grew 14.88% to Rs 1,589.66 crore. The share price has gained 607.71% over five years. Domestic institutions raised their holding from 8.71% in September 2025 to 12.56% in September 2026.
Book Value Per Share Above Rs 500 Stocks: Financial Comparison on Growth and Margins
The table compares scale and growth across these book value per share above Rs 500 stocks. Latest quarter means the most recent reported quarter for each company, and only metrics that are positive for every company are shown.
| Stock | Total Income (Rs Cr) | Net Profit (Rs Cr) | Income Growth (YoY) | 4-Year Income CAGR | 4-Year Net Profit CAGR |
|---|---|---|---|---|---|
| ICICI Bank | 3,12,118.36 | 57,673.39 | 5.95% | 18.64% | 22.29% |
| SBI | 7,12,643.53 | 85,168.47 | 7.43% | 15.03% | 23.72% |
| L&T | 2,91,635.04 | 19,159.40 | 12.23% | 16.41% | 16.81% |
| HAL | 36,787.95 | 9,115.52 | 9.68% | 9.48% | 15.74% |
Check the Univest Screener for live data on these book value per share above Rs 500 stocks
Institutional Holding in ICICI Bank, SBI, L&T and HAL
Institutional holding shows who is backing these book value per share above Rs 500 stocks alongside the promoter. The table uses the latest reported quarter for each. ICICI Bank has the deepest institutional backing, with FII and DII together holding 92.22% as of September 2026. Domestic institutions increased their holding over the past year in HAL (from 8.71% to 12.56%).
| Stock | Promoter | FII | DII | Public | Quarter |
|---|---|---|---|---|---|
| ICICI Bank | Nil | 50.44% | 41.78% | 7.78% | September 2026 |
| SBI | 55.47% | 10.81% | 26.64% | 7.08% | June 2026 |
| L&T | Nil | 19.13% | 43.02% | 37.85% | June 2026 |
| HAL | 71.64% | 9.42% | 12.56% | 6.38% | September 2026 |
Risks to Weigh in Book Value Per Share Above Rs 500 Stocks
Being careful with book value per share above Rs 500 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: ICICI Bank trades at a PE of 15.95 against an industry PE of 12.05, 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 Book Value Per Share Above Rs 500 Stocks
Picking from book value per share above Rs 500 stocks comes down to four checks, applied in order.
- Check asset quality and net interest margin first, then return on equity and price to book. Debt-to-equity does not apply to lenders.
- Compare each PE with the industry PE (12.05 to 48.59) 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 book value per share above Rs 500 stocks, ICICI Bank stands out for the largest market cap at Rs 9,53,334 crore, SBI for the fastest profit growth, 23.72% a year since FY22, L&T for the strongest latest-quarter profit growth at 15.20% and HAL for the highest return on equity at 22.21%. 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 book value per share above Rs 500 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 Book Value Per Share Above Rs 500 Stocks to Watch
Which are the best book value per share above Rs 500 stocks to watch for multibagger potential?
Ans. ICICI Bank, SBI, L&T and HAL are the 4 names this list highlights, with market caps of Rs 9,53,334 crore, Rs 8,82,479 crore, Rs 5,27,610 crore and Rs 3,32,702 crore respectively. ICICI Bank is notable for the largest market cap at Rs 9,53,334 crore. SBI stands out for the fastest profit growth, 23.72% a year since FY22. L&T offers the strongest latest-quarter profit growth at 15.20%. HAL brings the highest return on equity at 22.21%. These are watchlist names for book value per share above Rs 500 stocks, not recommendations, so match each one to your own risk profile and time horizon.
Is HAL a good stock for long-term investors?
Ans. HAL has a return on equity of 22.21%, a PE of 35.69 against an industry PE of 48.59 and a market cap of Rs 3,32,702 crore. Net profit has compounded at 15.74% a year since FY22, and FY26 revenue rose 9.68% while June 2026 quarter net profit grew 14.88%. Long-term returns in book value per share above Rs 500 stocks depend on earnings growth and the price paid at entry, so staggering purchases and consulting a SEBI-registered advisor is sensible.
Can SBI become a multibagger from here?
Ans. SBI has already gained 92.86% in five years, so another multi-fold move would need sustained earnings growth. A multibagger outcome in book value per share above Rs 500 stocks requires earnings to keep growing faster than the market for several years. Net profit has compounded at 23.72% a year since FY22, and FY26 revenue rose 7.43%. At a PE of 9.84 against an industry PE of 12.05, valuation should be checked against that growth before investing.
What is the market cap of ICICI Bank, SBI, L&T and HAL?
Ans. As of 29 October 2026, ICICI Bank has a market cap of Rs 9,53,334 crore, SBI has a market cap of Rs 8,82,479 crore, L&T has a market cap of Rs 5,27,610 crore and HAL has a market cap of Rs 3,32,702 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 book value per share above Rs 500 stocks.
What are the risks of investing in book value per share above Rs 500 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. ICICI Bank trades at a PE of 15.95 against an industry PE of 12.05, so earnings growth needs to hold up.
Why is ICICI Bank trading at a PE of 15.95?
Ans. ICICI Bank’s PE of 15.95 compares with an industry PE of 12.05. The market is paying a premium for a return on equity of 15.00%, profit growth of 22.29% a year since FY22 and latest-quarter profit growth of 12.62%, which also means the stock is more sensitive if growth slows. Investors in book value per share above Rs 500 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 ICICI Bank, SBI, L&T and HAL?
Ans. As of the latest reported quarter, FII and DII together hold 92.22% of ICICI Bank (50.44% and 41.78%), 37.45% of SBI (10.81% and 26.64%), 62.15% of L&T (19.13% and 43.02%) and 21.98% of HAL (9.42% and 12.56%). Rising institutional holding is a useful signal in book value per share above Rs 500 stocks, though it should be read with earnings trends rather than on its own.
