4 Midcap High Margin Fast Revenue Growth and High ROE Stocks to Watch for Future Multibagger Potential: Waaree, Hindustan Copper, Premier Energies and Ajanta
- November 12, 2026
- Posted by: Manan Bisht
- Category: Best Stocks
Waaree Rs 2,500. Hindustan Copper Rs 436.35. Premier Energies Rs 884. Ajanta Rs 3,319.60. Market caps from Rs 41,786 crore to Rs 75,570 crore. Data as of 11 Nov 2026.
Quick Answer
Waaree, Hindustan Copper, Premier Energies and Ajanta are the 4 picks in this high margin fast revenue growth and high ROE stocks watchlist, with market caps between Rs 41,786 crore and Rs 75,570 crore. Waaree stands out for the lowest PE of the group at 18.88, while Hindustan Copper offers the fastest profit growth, 25.25% a year since FY22. PE ratios run from 18.88 to 38.15, so compare each one with its industry PE before investing. All figures are as of 11 November 2026.
High margin fast revenue growth and high ROE stocks to watch for multibagger potential start with a simple filter: size, a clean financial record and earnings that keep growing. Waaree, Hindustan Copper, Premier Energies and Ajanta meet that test, with market caps from Rs 41,786 crore to Rs 75,570 crore and Waaree offering the lowest PE of the group at 18.88. Each of these companies has a market capitalisation between Rs 30,000 crore and Rs 1,00,000 crore and an operating margin of at least 20 per cent, FY26 revenue growth of at least 15 per cent and a return on equity of at least 20 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 an operating margin of at least 20 per cent, FY26 revenue growth of at least 15 per cent and a return on equity of at least 20 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 high margin fast revenue growth and high ROE stocks usually begin with size and balance sheet strength, and this list follows the same logic. All figures are as of 11 November 2026 and are drawn from NSE and BSE data and company filings.
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What Are High Margin Fast Revenue Growth and High ROE Stocks and Why Do They Attract Multibagger Interest?
High margin fast revenue growth and high ROE stocks are shares of mid sized companies that keep at least twenty paise of operating profit from every rupee of sales, grew sales by fifteen per cent or more in FY26 and earn a return on equity of twenty per cent or more. The four here cover solar modules, solar cells, copper mining and pharmaceuticals.
A rich margin shows pricing strength, fast sales growth shows demand, and a high return on equity shows that shareholder money is used well while the business grows. Within high margin fast revenue growth and high ROE stocks, the four companies show rising profit. For high margin fast revenue growth and high ROE stocks, both FY26 and the latest quarter showed growth. Whichever way you read high margin fast revenue growth and high ROE stocks, the common thread is rising profit backed by complete financial data. Investors researching high margin fast revenue growth and high ROE stocks get a fuller picture by reading growth and valuation together. The table below lines up high margin fast revenue growth and high ROE stocks on size, growth and valuation, using complete FY26 and latest quarter numbers. Past performance does not guarantee future returns, so use high margin fast revenue growth and high ROE stocks as a starting point for your own research.
High Margin Fast Revenue Growth and High ROE Stocks at a Glance: Price, Market Cap, PE and ROE
Prices are closing prices as of 11 November 2026. Waaree has the lowest PE of the group at 18.88, while Premier Energies posts the highest return on equity at 35.05%.
| Stock | CMP (Rs) | Market Cap (Rs Cr) | PE | Industry PE | ROE | Debt to Equity | 52-Week Range (Rs) |
|---|---|---|---|---|---|---|---|
| Waaree Energies | 2,500 | 75,570 | 18.88 | 45.89 | 25.71% | 0.22 | 2,238.00 to 3,718.80 |
| Hindustan Copper | 436.35 | 43,349 | 38.15 | 12.27 | 27.48% | 0.03 | 308.50 to 760.05 |
| Premier Energies | 884 | 42,973 | 25.68 | 53.49 | 35.05% | 0.86 | 660.00 to 1,134.00 |
| Ajanta Pharma | 3,319.60 | 41,786 | 36.82 | 36.35 | 23.33% | 0.06 | 2,380.20 to 3,796.00 |
Waaree: Revenue Up 83.52% in FY26
Waaree Energies is one of India’s largest solar module makers by capacity and manufactures solar cells and modules. It reported FY26 revenue of Rs 27,244.92 crore, up 83.52% year on year, and net profit of Rs 3,884.15 crore, up 101.45%. Revenue has compounded at 74.31% a year since FY22. Operating margin was 23.82% in FY26. The debt-to-equity ratio is 0.22.
In the June 2026 quarter, revenue rose 76.25% to Rs 8,102.60 crore and net profit grew 15.39% to Rs 891.87 crore. Domestic institutions raised their holding from 2.82% in September 2025 to 4.09% in September 2026. The stock trades at a PE of 18.88 against an industry PE of 45.89, below the sector average, with a return on equity of 25.71%.
Hindustan Copper: 25.25% Profit CAGR Since FY22
Hindustan Copper is a government-owned company that mines copper ore and produces refined copper in India. It reported FY26 revenue of Rs 3,149.67 crore, up 46.62% year on year, and net profit of Rs 920.66 crore, up 96.97%. Net profit has compounded at 25.25% a year since FY22, while revenue has grown 13.89% a year. Operating margin was 46.74% in FY26. The debt-to-equity ratio is 0.03, which keeps interest costs low.
The stock trades at a PE of 38.15 against an industry PE of 12.27, with a return on equity of 27.48%. In the June 2026 quarter, revenue rose 81.07% to Rs 953.60 crore and net profit grew 162.59% to Rs 352.61 crore. The share price has gained 222.73% over five years and 40.71% over the past year. Foreign investors raised their holding from 3.71% in June 2025 to 5.96% in June 2026.
Premier Energies: Revenue Up 20.65% in FY26
Premier Energies makes solar cells and modules at manufacturing plants in Telangana. It reported FY26 revenue of Rs 8,025.91 crore, up 20.65% year on year, and net profit of Rs 1,509.69 crore, up 61.10%. Revenue has compounded at 79.85% a year since FY22. Operating margin was 33.02% in FY26.
In the June 2026 quarter, revenue rose 34.13% to Rs 2,507.63 crore and net profit grew 53.33% to Rs 471.92 crore. Domestic institutions raised their holding from 13.26% in September 2025 to 18.88% in September 2026. The stock trades at a PE of 25.68 against an industry PE of 53.49, below the sector average, with a return on equity of 35.05%.
Ajanta: Return on Equity of 23.33%
Ajanta Pharma sells branded generics in ophthalmology, dermatology, cardiology and pain management in India, Africa and Asia. It reported FY26 revenue of Rs 5,624.93 crore, up 18.60% year on year, and net profit of Rs 1,056 crore, up 14.73%. Net profit has compounded at 10.33% a year since FY22, while revenue has grown 12.94% a year. Operating margin was 28.74% in FY26. The debt-to-equity ratio is 0.06, which keeps interest costs low.
The stock trades at a PE of 36.82 against an industry PE of 36.35, with a return on equity of 23.33%. In the June 2026 quarter, revenue rose 27.68% to Rs 1,696.86 crore and net profit grew 30.89% to Rs 334.22 crore. The share price has gained 125.11% over five years and 35.30% over the past year. Domestic institutions raised their holding from 17.90% in September 2025 to 21.94% in September 2026.
High Margin Fast Revenue Growth and High ROE Stocks: Financial Comparison on Growth and Margins
The table compares scale and growth across these high margin fast revenue growth and high ROE 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) |
|---|---|---|---|---|---|---|
| Waaree | 27,244.92 | 3,884.15 | 83.52% | 74.31% | 76.25% | 20.31% |
| Hindustan Copper | 3,149.67 | 920.66 | 46.62% | 13.89% | 81.07% | 56.02% |
| Premier Energies | 8,025.91 | 1,509.69 | 20.65% | 79.85% | 34.13% | 30.86% |
| Ajanta | 5,624.93 | 1,056 | 18.60% | 12.94% | 27.68% | 30.41% |
Institutional Holding in Waaree, Hindustan Copper, Premier Energies and Ajanta
Institutional holding shows who is backing these high margin fast revenue growth and high ROE stocks alongside the promoter. The table uses the latest reported quarter for each. Ajanta has the deepest institutional backing, with FII and DII together holding 29.57% as of September 2026. Domestic institutions increased their holding over the past year in Waaree (from 2.82% to 4.09%), Premier Energies (from 13.26% to 18.88%) and Ajanta (from 17.90% to 21.94%). A useful check is to set these companies against the Nifty Midcap 100 and see which ones lead it.
| Stock | Promoter | FII | DII | Public | Quarter |
|---|---|---|---|---|---|
| Waaree | 64.12% | 8.57% | 4.09% | 23.22% | September 2026 |
| Hindustan Copper | 66.14% | 5.96% | 4.84% | 23.06% | June 2026 |
| Premier Energies | 58.49% | 7.12% | 18.88% | 15.51% | September 2026 |
| Ajanta | 63.47% | 7.63% | 21.94% | 6.96% | September 2026 |
Risks to Weigh in High Margin Fast Revenue Growth and High ROE Stocks
Being careful with high margin fast revenue growth and high ROE 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: Hindustan Copper trades at a PE of 38.15 against an industry PE of 12.27, 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 High Margin Fast Revenue Growth and High ROE Stocks
Picking from high margin fast revenue growth and high ROE 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 (12.27 to 53.49) 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 high margin fast revenue growth and high ROE stocks, Waaree stands out for the lowest PE of the group at 18.88, Hindustan Copper for the fastest profit growth, 25.25% a year since FY22, Premier Energies for the highest return on equity at 35.05% and Ajanta 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 high margin fast revenue growth and high ROE 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 High Margin Fast Revenue Growth and High ROE Stocks to Watch
Which are the best high margin fast revenue growth and high ROE stocks to watch for multibagger potential?
Ans. Waaree, Hindustan Copper, Premier Energies and Ajanta are the 4 names this list highlights, with market caps of Rs 75,570 crore, Rs 43,349 crore, Rs 42,973 crore and Rs 41,786 crore respectively. Waaree is notable for the lowest PE of the group at 18.88. Hindustan Copper stands out for the fastest profit growth, 25.25% a year since FY22. Premier Energies offers the highest return on equity at 35.05%. Ajanta brings a nearly debt-free balance sheet, with a debt-to-equity ratio of 0.06. These are watchlist names for high margin fast revenue growth and high ROE stocks, not recommendations, so match each one to your own risk profile and time horizon.
Is Premier Energies a good stock for long-term investors?
Ans. Premier Energies has a return on equity of 35.05%, a PE of 25.68 against an industry PE of 53.49 and a market cap of Rs 42,973 crore. FY26 revenue rose 20.65%, and June 2026 quarter net profit grew 53.33%. Long-term returns in high margin fast revenue growth and high ROE stocks depend on earnings growth and the price paid at entry, so staggering purchases and consulting a SEBI-registered advisor is sensible.
Can Hindustan Copper become a multibagger from here?
Ans. Hindustan Copper has already gained 222.73% in five years, so another multi-fold move would need sustained earnings growth. A multibagger outcome in high margin fast revenue growth and high ROE stocks requires earnings to keep growing faster than the market for several years. Net profit has compounded at 25.25% a year since FY22, and FY26 revenue rose 46.62%. At a PE of 38.15 against an industry PE of 12.27, valuation should be checked against that growth before investing.
What is the market cap of Waaree, Hindustan Copper, Premier Energies and Ajanta?
Ans. As of 11 November 2026, Waaree has a market cap of Rs 75,570 crore, Hindustan Copper has a market cap of Rs 43,349 crore, Premier Energies has a market cap of Rs 42,973 crore and Ajanta has a market cap of Rs 41,786 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 high margin fast revenue growth and high ROE stocks.
What are the risks of investing in high margin fast revenue growth and high ROE 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. Hindustan Copper trades at a PE of 38.15 against an industry PE of 12.27, so earnings growth needs to hold up.
Why is Hindustan Copper trading at a PE of 38.15?
Ans. Hindustan Copper’s PE of 38.15 compares with an industry PE of 12.27. The market is paying a premium for a return on equity of 27.48%, profit growth of 25.25% a year since FY22 and latest-quarter profit growth of 162.59%, which also means the stock is more sensitive if growth slows. Investors in high margin fast revenue growth and high ROE 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 Waaree, Hindustan Copper, Premier Energies and Ajanta?
Ans. As of the latest reported quarter, FII and DII together hold 12.66% of Waaree (8.57% and 4.09%), 10.80% of Hindustan Copper (5.96% and 4.84%), 26.00% of Premier Energies (7.12% and 18.88%) and 29.57% of Ajanta (7.63% and 21.94%). Rising institutional holding is a useful signal in high margin fast revenue growth and high ROE stocks, though it should be read with earnings trends rather than on its own.
