4 Largecap Promoter Backed Low PE and Low Price to Book Stocks to Watch for Future Multibagger Potential: SBI, LIC, NTPC and Bajaj Finserv
- November 10, 2026
- Posted by: Manan Bisht
- Category: Best Stocks
SBI Rs 1,016. LIC Rs 396.85. NTPC Rs 322.70. Bajaj Finserv Rs 1,855.10. Market caps from Rs 3.03 lakh crore to Rs 9.23 lakh crore. Data as of 9 Nov 2026.
Quick Answer
SBI, LIC, NTPC and Bajaj Finserv are the 4 picks in this promoter backed low PE and low price to book stocks watchlist, with market caps between Rs 3.03 lakh crore and Rs 9.23 lakh crore. SBI stands out for the largest market cap at Rs 9,22,522 crore, while LIC offers the highest return on equity at 32.53%. PE ratios run from 8.50 to 14.67, so compare each one with its industry PE before investing. All figures are as of 9 November 2026.
Promoter backed low PE and low price to book stocks to watch for multibagger potential start with a simple filter: size, a clean financial record and earnings that keep growing. SBI, LIC, NTPC and Bajaj Finserv meet that test, with market caps from Rs 3.03 lakh crore to Rs 9.23 lakh crore and SBI offering the largest market cap at Rs 9,22,522 crore. Each of these companies has a promoter holding of at least 50 per cent, a price to earnings ratio below 30 and a price to book ratio below 5, 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 promoter holding of at least 50 per cent, a price to earnings ratio below 30 and a price to book ratio below 5, 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 promoter backed low PE and low price to book stocks usually begin with size and balance sheet strength, and this list follows the same logic. All figures are as of 9 November 2026 and are drawn from NSE and BSE data and company filings.
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What Are Promoter Backed Low PE and Low Price to Book Stocks and Why Do They Attract Multibagger Interest?
Promoter backed low PE and low price to book stocks are shares of large companies in which the promoters own at least half of the business while the price to earnings ratio is below thirty and the price to book ratio is below five. The four here cover public sector banking, life insurance, power generation and financial services.
Owners with a large stake have their own wealth tied to the company, and a price that is reasonable against both earnings and book value shows that the stake is not being valued at an extreme premium. Within promoter backed low PE and low price to book stocks, the four companies show rising profit. In promoter backed low PE and low price to book stocks, each of the four also posted growth in the latest quarter. For promoter backed low PE and low price to book stocks, both FY26 and the latest quarter showed growth. Whichever way you read promoter backed low PE and low price to book stocks, the common thread is rising profit backed by complete financial data. A sensible way to study promoter backed low PE and low price to book stocks is to look at profit growth, returns and valuation side by side. Below, each of promoter backed low PE and low price to book stocks gets its own breakdown of growth, returns and valuation. Treat promoter backed low PE and low price to book stocks as a research list, since share prices and rankings change with every earnings season.
Promoter Backed Low PE and Low Price to Book Stocks at a Glance: Price, Market Cap, PE, ROE and Price to Book
Prices are closing prices as of 9 November 2026. LIC combines the lowest PE of the group, 8.50, with the highest return on equity, 32.53%.
| Stock | CMP (Rs) | Market Cap (Rs Cr) | PE | Industry PE | ROE | Price to Book | 52-Week Range (Rs) |
|---|---|---|---|---|---|---|---|
| State Bank of India | 1,016 | 9,22,522 | 10.29 | 12.05 | 14.29% | 1.57 | 877.05 to 1,234.70 |
| Life Insurance Corporation of India | 396.85 | 5,10,436 | 8.50 | 10.47 | 32.53% | 2.88 | 360.75 to 468.48 |
| NTPC | 322.70 | 3,24,700 | 11.46 | 21.61 | 13.31% | 1.60 | 298.00 to 414.40 |
| Bajaj Finserv | 1,855.10 | 3,02,653 | 14.67 | 17.68 | 12.58% | 3.88 | 1,597.00 to 2,195.00 |
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.
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 94.60% over five years. Foreign investors raised their holding from 9.98% in July 2025 to 10.81% in June 2026. The stock trades at a PE of 10.29 against an industry PE of 12.05, below the sector average, with a return on equity of 14.29%. The dividend yield is 1.74%.
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 8.50 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.
NTPC: Five-Year Gain of 110.66%
NTPC is India’s largest power generation company and is growing its renewable energy portfolio. It reported FY26 revenue of Rs 1,89,798.56 crore and net profit of Rs 30,009.98 crore, up 48.19%. Net profit has compounded at 18.01% a year since FY22, while revenue has grown 8.89% a year. Operating margin was 32.45% in FY26.
In the June 2026 quarter, revenue rose 6.94% to Rs 51,141.51 crore and net profit grew 12.90% to Rs 6,896.44 crore. The share price has gained 110.66% over five years. Domestic institutions raised their holding from 28.92% in June 2025 to 29.44% in June 2026. The stock trades at a PE of 11.46 against an industry PE of 21.61, below the sector average, with a return on equity of 13.31%. The dividend yield is 2.69%.
Bajaj Finserv: 24.02% Profit CAGR Since FY22
Bajaj Finserv is a financial services holding company with interests in lending through Bajaj Finance and in general and life insurance. It reported FY26 total income of Rs 1,50,530.38 crore, up 13.23% year on year, and net profit of Rs 19,669.47 crore, up 12.03%. Net profit has compounded at 24.02% a year since FY22, while total income has grown 21.78% a year.
The stock trades at a PE of 14.67 against an industry PE of 17.68, below the sector average, with a return on equity of 12.58%. In the June 2026 quarter, total income rose 19.08% to Rs 42,036.90 crore and net profit grew 18.15% to Rs 6,296.67 crore. Domestic institutions raised their holding from 10.09% in June 2025 to 12.10% in June 2026.
Promoter Backed Low PE and Low Price to Book Stocks: Financial Comparison on Growth and Margins
The table compares scale and growth across these promoter backed low PE and low price to book 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) | 4-Year Income CAGR | 4-Year Net Profit CAGR | Latest Quarter Income Growth |
|---|---|---|---|---|---|
| SBI | 7,12,643.53 | 85,168.47 | 15.03% | 23.72% | 7.83% |
| LIC | 9,90,211.25 | 57,453.15 | 7.96% | 93.19% | 6.97% |
| NTPC | 1,89,798.56 | 30,009.98 | 8.89% | 18.01% | 6.94% |
| Bajaj Finserv | 1,50,530.38 | 19,669.47 | 21.78% | 24.02% | 19.08% |
Institutional Holding in SBI, LIC, NTPC and Bajaj Finserv
Institutional holding shows who is backing these promoter backed low PE and low price to book stocks alongside the promoter. The table uses the latest reported quarter for each. NTPC has the deepest institutional backing, with FII and DII together holding 45.74% as of June 2026. Domestic institutions increased their holding over the past year in LIC (from 1.36% to 6.17%), NTPC (from 28.92% to 29.44%) and Bajaj Finserv (from 10.09% to 12.10%). A useful check is to set these companies against the Sensex and see which ones lead it.
| Stock | Promoter | FII | DII | Public | Quarter |
|---|---|---|---|---|---|
| SBI | 55.47% | 10.81% | 26.64% | 7.08% | June 2026 |
| LIC | 90.00% | 1.55% | 6.17% | 2.28% | September 2026 |
| NTPC | 51.10% | 16.30% | 29.44% | 3.15% | June 2026 |
| Bajaj Finserv | 58.71% | 6.91% | 12.10% | 22.28% | June 2026 |
Risks to Weigh in Promoter Backed Low PE and Low Price to Book Stocks
Being careful with promoter backed low PE and low price to book 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: A low PE can also reflect slower growth, so compare each PE with the growth rate instead of reading it alone.
- 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 Low PE and Low Price to Book Stocks
Picking from promoter backed low PE and low price to book 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 (10.47 to 21.61) 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 low PE and low price to book stocks, SBI stands out for the largest market cap at Rs 9,22,522 crore, LIC for the highest return on equity at 32.53%, NTPC for the biggest five-year price gain at 110.66% and Bajaj Finserv for 13.23% 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 promoter backed low PE and low price to book 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 Low PE and Low Price to Book Stocks to Watch
Which are the best promoter backed low PE and low price to book stocks to watch for multibagger potential?
Ans. SBI, LIC, NTPC and Bajaj Finserv are the 4 names this list highlights, with market caps of Rs 9,22,522 crore, Rs 5,10,436 crore, Rs 3,24,700 crore and Rs 3,02,653 crore respectively. SBI is notable for the largest market cap at Rs 9,22,522 crore. LIC stands out for the highest return on equity at 32.53%. NTPC offers the biggest five-year price gain at 110.66%. Bajaj Finserv brings 13.23% revenue growth in FY26. These are watchlist names for promoter backed low PE and low price to book stocks, not recommendations, so match each one to your own risk profile and time horizon.
Is LIC a good stock for long-term investors?
Ans. LIC has a return on equity of 32.53%, a PE of 8.50 against an industry PE of 10.47 and a market cap of Rs 5,10,436 crore. Net profit has compounded at 93.19% a year since FY22, and FY26 revenue rose 10.23% while June 2026 quarter net profit grew 23.98%. Long-term returns in promoter backed low PE and low price to book stocks depend on earnings growth and the price paid at entry, so staggering purchases and consulting a SEBI-registered advisor is sensible.
Can Bajaj Finserv become a multibagger from here?
Ans. Bajaj Finserv has a market cap of Rs 3,02,653 crore. A multibagger outcome in promoter backed low PE and low price to book stocks requires earnings to keep growing faster than the market for several years. Net profit has compounded at 24.02% a year since FY22, and FY26 revenue rose 13.23%. At a PE of 14.67 against an industry PE of 17.68, valuation should be checked against that growth before investing.
What is the market cap of SBI, LIC, NTPC and Bajaj Finserv?
Ans. As of 9 November 2026, SBI has a market cap of Rs 9,22,522 crore, LIC has a market cap of Rs 5,10,436 crore, NTPC has a market cap of Rs 3,24,700 crore and Bajaj Finserv has a market cap of Rs 3,02,653 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 low PE and low price to book stocks.
What are the risks of investing in promoter backed low PE and low price to book 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. Comparing each PE with growth gives a fuller picture than the PE alone.
Is LIC trading below its industry PE?
Ans. LIC trades at a PE of 8.50 against an industry PE of 10.47. A lower PE means investors pay less for each rupee of earnings, but it should be read with growth (net profit has compounded at 93.19% a year since FY22 and FY26 revenue rose 10.23%) and balance sheet strength before drawing a conclusion.
How much do institutions hold in SBI, LIC, NTPC and Bajaj Finserv?
Ans. As of the latest reported quarter, FII and DII together hold 37.45% of SBI (10.81% and 26.64%), 7.72% of LIC (1.55% and 6.17%), 45.74% of NTPC (16.30% and 29.44%) and 19.01% of Bajaj Finserv (6.91% and 12.10%). Rising institutional holding is a useful signal in promoter backed low PE and low price to book stocks, though it should be read with earnings trends rather than on its own.
