4 Smallcap Fast Revenue Growth at Reasonable PE Stocks to Watch for Future Multibagger Potential: Kalpataru Projects, VA Tech Wabag, Gokul Agro and NIIT Learning
- October 30, 2026
- Posted by: Manan Bisht
- Category: Best Stocks
Kalpataru Projects Rs 1,357.10. VA Tech Wabag Rs 1,862.80. Gokul Agro Rs 216.52. NIIT Learning Rs 188.21. Market caps from Rs 6,150 crore to Rs 24,921 crore. Data as of 29 Oct 2026.
Quick Answer
Kalpataru Projects, VA Tech Wabag, Gokul Agro and NIIT Learning are the 4 picks in this fast revenue growth at reasonable PE stocks watchlist, with market caps between Rs 6,150 crore and Rs 24,921 crore. Kalpataru Projects stands out for the largest market cap at Rs 24,921 crore, while VA Tech Wabag offers a nearly debt-free balance sheet, with a debt-to-equity ratio of 0.09. PE ratios run from 15.11 to 29.31, so compare each one with its industry PE before investing. All figures are as of 29 October 2026.
Fast revenue growth at reasonable PE stocks to watch for multibagger potential start with a simple filter: size, a clean financial record and earnings that keep growing. Kalpataru Projects, VA Tech Wabag, Gokul Agro and NIIT Learning meet that test, with market caps from Rs 6,150 crore to Rs 24,921 crore and Kalpataru Projects offering the largest market cap at Rs 24,921 crore. Each of these companies has a market capitalisation below Rs 30,000 crore and FY26 revenue growth of at least 15 per cent and a price to earnings ratio below 30, 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 below Rs 30,000 crore and FY26 revenue growth of at least 15 per cent and a price to earnings ratio below 30, 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 below Rs 30,000 crore. Investors screening fast revenue growth at reasonable PE 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 Fast Revenue Growth at Reasonable PE Stocks and Why Do They Attract Multibagger Interest?
Fast revenue growth at reasonable PE stocks are shares of smaller companies that grew sales by fifteen per cent or more in FY26 and still trade at a price to earnings ratio below 30, a mix of speed and sensible pricing. The four here cover infrastructure projects, water treatment, edible oils and skill training.
Fast sales growth with a moderate earnings multiple shows that the market has not priced in the full pace of the business, which leaves room for gains if growth continues. Within fast revenue growth at reasonable PE stocks, the four companies show rising profit. For fast revenue growth at reasonable PE stocks, both FY26 and the latest quarter showed growth. Whichever way you read fast revenue growth at reasonable PE stocks, the common thread is rising profit backed by complete financial data. A sensible way to study fast revenue growth at reasonable PE stocks is to look at profit growth, returns and valuation side by side. Below, each of fast revenue growth at reasonable PE stocks gets its own breakdown of growth, returns and valuation. Treat fast revenue growth at reasonable PE stocks as a research list, since share prices and rankings change with every earnings season.
Fast Revenue Growth at Reasonable PE Stocks at a Glance: Price, Market Cap, PE and ROE
Prices are closing prices as of 29 October 2026. Gokul Agro combines the lowest PE of the group, 15.11, with the highest return on equity, 25.96%.
| Stock | CMP (Rs) | Market Cap (Rs Cr) | PE | Industry PE | ROE | Debt to Equity | 52-Week Range (Rs) |
|---|---|---|---|---|---|---|---|
| Kalpataru Projects International | 1,357.10 | 24,921 | 22.08 | 22.89 | 13.37% | 0.46 | 1,007.10 to 1,490.00 |
| VA Tech Wabag | 1,862.80 | 11,555 | 29.31 | 22.80 | 14.42% | 0.09 | 1,033.00 to 2,319.00 |
| Gokul Agro Resources | 216.52 | 6,355 | 15.11 | 10.29 | 25.96% | 0.41 | 151.00 to 259.80 |
| NIIT Learning Systems | 188.21 | 6,150 | 24.04 | 15.66 | 16.06% | 0.21 | 84.41 to 443.90 |
Kalpataru Projects: Revenue Up 21.76% in FY26
Kalpataru Projects International executes transmission, railway, building and water projects in India and abroad. It reported FY26 revenue of Rs 27,247.93 crore, up 21.76% year on year, and net profit of Rs 1,030.63 crore, up 81.68%. Net profit has compounded at 17.81% a year since FY22, while revenue has grown 16.35% a year. Operating margin was 9.48% in FY26. The debt-to-equity ratio is 0.46.
In the June 2026 quarter, revenue rose 4.81% to Rs 6,485.17 crore and net profit grew 45.85% to Rs 311.53 crore. The stock trades at a PE of 22.08 against an industry PE of 22.89, below the sector average, with a return on equity of 13.37%.
VA Tech Wabag: 29.36% Profit CAGR Since FY22
VA Tech Wabag designs and builds water and wastewater treatment plants, desalination plants and recycling systems for cities and industry. It reported FY26 revenue of Rs 4,038.50 crore, up 20.96% year on year, and net profit of Rs 369.80 crore, up 25.44%. Net profit has compounded at 29.36% a year since FY22, while revenue has grown 7.61% a year. Operating margin was 14.39% in FY26. The debt-to-equity ratio is 0.09, which keeps interest costs low.
The stock trades at a PE of 29.31 against an industry PE of 22.80, with a return on equity of 14.42%. In the June 2026 quarter, revenue rose 25.96% to Rs 938.80 crore and net profit grew 36.93% to Rs 90.10 crore. The share price has gained 462.01% over five years and 34.66% over the past year. Domestic institutions raised their holding from 3.67% in June 2025 to 6.33% in June 2026.
Gokul Agro: 31.67% Profit CAGR Since FY22
Gokul Agro Resources processes and exports edible oils and agri commodities and sells branded oils in India. It reported FY26 revenue of Rs 24,116.69 crore, up 23.14% year on year, and net profit of Rs 369.38 crore, up 50.41%. Net profit has compounded at 31.67% a year since FY22, while revenue has grown 23.40% a year. Operating margin was 2.97% in FY26. The debt-to-equity ratio is 0.41.
In the June 2026 quarter, revenue rose 7.33% to Rs 5,295.01 crore and net profit grew 71.51% to Rs 122.97 crore. The share price has gained 891.81% over five years and 25.04% over the past year. Promoters hold 74.24%, which keeps ownership stable. The stock trades at a PE of 15.11 against an industry PE of 10.29, with a return on equity of 25.96%.
NIIT Learning: Profit Compounding at 5.23% a Year
NIIT Learning Systems runs managed training services for global corporates and delivers learning programmes in areas such as technology and banking. It reported FY26 revenue of Rs 1,987.94 crore, up 17.06% year on year, and net profit of Rs 247.72 crore, up 8.89%. Net profit has compounded at 5.23% a year since FY22, while revenue has grown 14.76% a year. Operating margin was 22.26% in FY26. The debt-to-equity ratio is 0.21.
The stock trades at a PE of 24.04 against an industry PE of 15.66, with a return on equity of 16.06%. In the June 2026 quarter, revenue rose 25.24% to Rs 581.64 crore and net profit grew 16.45% to Rs 57.41 crore. Domestic institutions raised their holding from 23.73% in September 2025 to 24.41% in September 2026.
Fast Revenue Growth at Reasonable PE Stocks: Financial Comparison on Growth and Margins
The table compares scale and growth across these fast revenue growth at reasonable PE 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 | 4-Year Net Profit CAGR | Operating Margin (Latest Quarter) |
|---|---|---|---|---|---|---|
| Kalpataru Projects | 27,247.93 | 1,030.63 | 21.76% | 16.35% | 17.81% | 9.97% |
| VA Tech Wabag | 4,038.50 | 369.80 | 20.96% | 7.61% | 29.36% | 15.45% |
| Gokul Agro | 24,116.69 | 369.38 | 23.14% | 23.40% | 31.67% | 4.11% |
| NIIT Learning | 1,987.94 | 247.72 | 17.06% | 14.76% | 5.23% | 19.18% |
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Institutional Holding in Kalpataru Projects, VA Tech Wabag, Gokul Agro and NIIT Learning
Institutional holding shows who is backing these fast revenue growth at reasonable PE stocks alongside the promoter. The table uses the latest reported quarter for each. Kalpataru Projects has the deepest institutional backing, with FII and DII together holding 55.61% as of June 2026. Domestic institutions increased their holding over the past year in VA Tech Wabag (from 3.67% to 6.33%) and NIIT Learning (from 23.73% to 24.41%).
| Stock | Promoter | FII | DII | Public | Quarter |
|---|---|---|---|---|---|
| Kalpataru Projects | 33.58% | 10.78% | 44.83% | 10.81% | June 2026 |
| VA Tech Wabag | 19.08% | 18.26% | 6.33% | 56.34% | June 2026 |
| Gokul Agro | 74.24% | 2.01% | 0.09% | 23.66% | September 2026 |
| NIIT Learning | 34.17% | 13.59% | 24.41% | 27.84% | September 2026 |
Risks to Weigh in Fast Revenue Growth at Reasonable PE Stocks
Being careful with fast revenue growth at reasonable PE 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: NIIT Learning trades at a PE of 24.04 against an industry PE of 15.66, 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 Fast Revenue Growth at Reasonable PE Stocks
Picking from fast revenue growth at reasonable PE 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 (10.29 to 22.89) 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 fast revenue growth at reasonable PE stocks, Kalpataru Projects stands out for the largest market cap at Rs 24,921 crore, VA Tech Wabag for a nearly debt-free balance sheet, with a debt-to-equity ratio of 0.09, Gokul Agro for the highest return on equity at 25.96% and NIIT Learning for 17.06% revenue growth in FY26. 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 fast revenue growth at reasonable PE 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 Fast Revenue Growth at Reasonable PE Stocks to Watch
Which are the best fast revenue growth at reasonable PE stocks to watch for multibagger potential?
Ans. Kalpataru Projects, VA Tech Wabag, Gokul Agro and NIIT Learning are the 4 names this list highlights, with market caps of Rs 24,921 crore, Rs 11,555 crore, Rs 6,355 crore and Rs 6,150 crore respectively. Kalpataru Projects is notable for the largest market cap at Rs 24,921 crore. VA Tech Wabag stands out for a nearly debt-free balance sheet, with a debt-to-equity ratio of 0.09. Gokul Agro offers the highest return on equity at 25.96%. NIIT Learning brings 17.06% revenue growth in FY26. These are watchlist names for fast revenue growth at reasonable PE stocks, not recommendations, so match each one to your own risk profile and time horizon.
Is Gokul Agro a good stock for long-term investors?
Ans. Gokul Agro has a return on equity of 25.96%, a PE of 15.11 against an industry PE of 10.29 and a market cap of Rs 6,355 crore. Net profit has compounded at 31.67% a year since FY22, and FY26 revenue rose 23.14% while June 2026 quarter net profit grew 71.51%. Long-term returns in fast revenue growth at reasonable PE stocks depend on earnings growth and the price paid at entry, so staggering purchases and consulting a SEBI-registered advisor is sensible.
Can VA Tech Wabag become a multibagger from here?
Ans. VA Tech Wabag has already gained 462.01% in five years, so another multi-fold move would need sustained earnings growth. A multibagger outcome in fast revenue growth at reasonable PE stocks requires earnings to keep growing faster than the market for several years. Net profit has compounded at 29.36% a year since FY22, and FY26 revenue rose 20.96%. At a PE of 29.31 against an industry PE of 22.80, valuation should be checked against that growth before investing.
What is the market cap of Kalpataru Projects, VA Tech Wabag, Gokul Agro and NIIT Learning?
Ans. As of 29 October 2026, Kalpataru Projects has a market cap of Rs 24,921 crore, VA Tech Wabag has a market cap of Rs 11,555 crore, Gokul Agro has a market cap of Rs 6,355 crore and NIIT Learning has a market cap of Rs 6,150 crore. All of them qualify as smallcaps. 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 fast revenue growth at reasonable PE stocks.
What are the risks of investing in fast revenue growth at reasonable PE 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. NIIT Learning trades at a PE of 24.04 against an industry PE of 15.66, so earnings growth needs to hold up.
Why is NIIT Learning trading at a PE of 24.04?
Ans. NIIT Learning’s PE of 24.04 compares with an industry PE of 15.66. The market is paying a premium for a return on equity of 16.06%, latest-quarter profit growth of 16.45% and FY26 revenue growth of 17.06%, which also means the stock is more sensitive if growth slows. Investors in fast revenue growth at reasonable PE 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 Kalpataru Projects, VA Tech Wabag, Gokul Agro and NIIT Learning?
Ans. As of the latest reported quarter, FII and DII together hold 55.61% of Kalpataru Projects (10.78% and 44.83%), 24.59% of VA Tech Wabag (18.26% and 6.33%), 2.10% of Gokul Agro (2.01% and 0.09%) and 38.00% of NIIT Learning (13.59% and 24.41%). Rising institutional holding is a useful signal in fast revenue growth at reasonable PE stocks, though it should be read with earnings trends rather than on its own.
