4 Smallcap 20 Per Cent Revenue Growth High ROE Promoter Backed Stocks to Watch for Future Multibagger Potential: Emmvee, Engineers India, PN Gadgil and Waaree Renewables
- November 13, 2026
- Posted by: Manan Bisht
- Category: Best Stocks
Emmvee Rs 268.55. Engineers India Rs 307.55. PN Gadgil Rs 631.75. Waaree Renewables Rs 753.10. Market caps from Rs 7,675 crore to Rs 21,079 crore. Data as of 12 Nov 2026.
Quick Answer
Emmvee, Engineers India, PN Gadgil and Waaree Renewables are the 4 picks in this 20 per cent revenue growth high ROE promoter backed stocks watchlist, with market caps between Rs 7,675 crore and Rs 21,079 crore. Emmvee stands out for the lowest PE of the group at 14.86, while Engineers India offers the biggest five-year price gain at 260.40%. PE ratios run from 14.86 to 25.42, so compare each one with its industry PE before investing. All figures are as of 12 November 2026.
20 per cent revenue growth high ROE promoter backed stocks to watch for multibagger potential start with a simple filter: size, a clean financial record and earnings that keep growing. Emmvee, Engineers India, PN Gadgil and Waaree Renewables meet that test, with market caps from Rs 7,675 crore to Rs 21,079 crore and Emmvee offering the lowest PE of the group at 14.86. Each of these companies has a market capitalisation below Rs 30,000 crore and FY26 revenue growth of at least 20 per cent, a return on equity of at least 20 per cent and a promoter holding of at least 50 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 20 per cent, a return on equity of at least 20 per cent and a promoter holding of at least 50 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 20 per cent revenue growth high ROE promoter backed stocks usually begin with size and balance sheet strength, and this list follows the same logic. All figures are as of 12 November 2026 and are drawn from NSE and BSE data and company filings.
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What Are 20 Per Cent Revenue Growth High ROE Promoter Backed Stocks and Why Do They Attract Multibagger Interest?
20 per cent revenue growth high ROE promoter backed stocks are shares of smaller companies whose sales grew by twenty per cent or more in FY26, whose return on equity is at least twenty per cent and in which the promoters own at least half of the business. The four here cover solar modules, engineering consultancy, jewellery and solar renewable services.
Sales growth of one fifth or more shows strong demand, a high return on equity shows efficient use of capital, and a large promoter stake shows that the owners have their own wealth tied to the company. Within 20 per cent revenue growth high ROE promoter backed stocks, the four companies show rising profit. In 20 per cent revenue growth high ROE promoter backed stocks, each of the four also posted growth in the latest quarter. For 20 per cent revenue growth high ROE promoter backed stocks, both FY26 and the latest quarter showed growth. Whichever way you read 20 per cent revenue growth high ROE promoter backed stocks, the common thread is rising profit backed by complete financial data. Investors researching 20 per cent revenue growth high ROE promoter backed stocks get a fuller picture by reading growth and valuation together. The table below lines up 20 per cent revenue growth high ROE promoter backed stocks on size, growth and valuation, using complete FY26 and latest quarter numbers. Past performance does not guarantee future returns, so use 20 per cent revenue growth high ROE promoter backed stocks as a starting point for your own research.
20 Per Cent Revenue Growth High ROE Promoter Backed Stocks at a Glance: Price, Market Cap, PE and ROE
Prices are closing prices as of 12 November 2026. Emmvee has the lowest PE of the group at 14.86, while Waaree Renewables posts the highest return on equity at 51.23%.
| Stock | CMP (Rs) | Market Cap (Rs Cr) | PE | Industry PE | ROE | Debt to Equity | 52-Week Range (Rs) |
|---|---|---|---|---|---|---|---|
| Emmvee Photovoltaic Power | 268.55 | 21,079 | 14.86 | 45.89 | 32.31% | 0.25 | 171.51 to 371.55 |
| Engineers India | 307.55 | 19,930 | 25.42 | 22.89 | 21.98% | 0.01 | 163.55 to 321.40 |
| PN Gadgil Jewellers | 631.75 | 9,430 | 21.15 | 46.75 | 20.88% | 0.89 | 503.00 to 736.40 |
| Waaree Renewable Technologies | 753.10 | 7,675 | 15.01 | 15.28 | 51.23% | 0.16 | 672.60 to 1,358.00 |
Emmvee: Revenue Up 116.22% in FY26
Emmvee Photovoltaic Power makes solar cells and solar modules at its plants in Karnataka. It reported FY26 revenue of Rs 5,103.39 crore, up 116.22% year on year, and net profit of Rs 1,081.55 crore, up 193.10%. Revenue has compounded at 73.18% a year since FY22. Operating margin was 35.40% in FY26. The debt-to-equity ratio is 0.25.
In the September 2026 quarter, revenue rose 37.37% to Rs 1,578.90 crore and net profit grew 60.62% to Rs 382.05 crore. Domestic institutions raised their holding from 0.00% in July 2025 to 9.80% in June 2026. The stock trades at a PE of 14.86 against an industry PE of 45.89, below the sector average, with a return on equity of 32.31%.
Engineers India: Revenue Up 26.95% in FY26
Engineers India provides engineering consultancy and project management services to the oil, gas, petrochemical and infrastructure sectors. It reported FY26 revenue of Rs 4,123.24 crore, up 26.95% year on year, and net profit of Rs 691.59 crore, up 19.29%. Net profit has compounded at 19.17% a year since FY22, while revenue has grown 7.89% a year. Operating margin was 23.96% in FY26. The debt-to-equity ratio is 0.01, which keeps interest costs low.
The stock trades at a PE of 25.42 against an industry PE of 22.89, with a return on equity of 21.98%. Net profit for the June 2026 quarter grew 117.04% to Rs 157.94 crore. The share price has gained 260.40% over five years and 43.22% over the past year. Domestic institutions raised their holding from 13.75% in September 2025 to 16.61% in September 2026.
PN Gadgil: 55.82% Profit CAGR Since FY22
PN Gadgil Jewellers is a Pune-based jewellery retailer, founded in 1832, that sells gold, silver and diamond jewellery. It reported FY26 revenue of Rs 10,827.18 crore, up 40.20% year on year, and net profit of Rs 409.82 crore, up 87.76%. Net profit has compounded at 55.82% a year since FY22, while revenue has grown 43.04% a year. Operating margin was 6.52% in FY26.
In the June 2026 quarter, revenue rose 40.27% to Rs 2,423.02 crore and net profit grew 51.92% to Rs 105.34 crore. Domestic institutions raised their holding from 4.80% in December 2025 to 7.05% in September 2026. The stock trades at a PE of 21.15 against an industry PE of 46.75, below the sector average, with a return on equity of 20.88%.
Waaree Renewables: Revenue Up 107.86% in FY26
Waaree Renewable Technologies provides engineering, procurement and construction services for solar power projects. It reported FY26 revenue of Rs 3,351.85 crore, up 107.86% year on year, and net profit of Rs 478.64 crore, up 109.09%. Operating margin was 19.86% in FY26. The debt-to-equity ratio is 0.16.
The stock trades at a PE of 15.01 against an industry PE of 15.28, below the sector average, with a return on equity of 51.23%. In the June 2026 quarter, revenue rose 52.88% to Rs 929.52 crore and net profit grew 37.72% to Rs 118.98 crore. Foreign investors raised their holding from 1.31% in June 2025 to 1.98% in June 2026.
20 Per Cent Revenue Growth High ROE Promoter Backed Stocks: Financial Comparison on Growth and Margins
The table compares scale and growth across these 20 per cent revenue growth high ROE promoter backed 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) | Net Profit Growth (YoY) | Latest Quarter Profit Growth | Operating Margin (Latest Quarter) |
|---|---|---|---|---|---|---|
| Emmvee | 5,103.39 | 1,081.55 | 116.22% | 193.10% | 60.62% | 35.49% |
| Engineers India | 4,123.24 | 691.59 | 26.95% | 19.29% | 117.04% | 25.26% |
| PN Gadgil | 10,827.18 | 409.82 | 40.20% | 87.76% | 51.92% | 7.97% |
| Waaree Renewables | 3,351.85 | 478.64 | 107.86% | 109.09% | 37.72% | 19.34% |
Institutional Holding in Emmvee, Engineers India, PN Gadgil and Waaree Renewables
Institutional holding shows who is backing these 20 per cent revenue growth high ROE promoter backed stocks alongside the promoter. The table uses the latest reported quarter for each. Engineers India has the deepest institutional backing, with FII and DII together holding 24.70% as of September 2026. Domestic institutions increased their holding over the past year in Emmvee (from 0.00% to 9.80%), Engineers India (from 13.75% to 16.61%) and PN Gadgil (from 4.80% to 7.05%). A useful check is to set these companies against the Nifty Smallcap 100 and see which ones lead it.
| Stock | Promoter | FII | DII | Public | Quarter |
|---|---|---|---|---|---|
| Emmvee | 80.03% | 2.92% | 9.80% | 7.25% | June 2026 |
| Engineers India | 51.32% | 8.09% | 16.61% | 23.98% | September 2026 |
| PN Gadgil | 76.62% | 3.82% | 7.05% | 12.50% | September 2026 |
| Waaree Renewables | 74.32% | 1.98% | 0.09% | 23.61% | June 2026 |
Risks to Weigh in 20 Per Cent Revenue Growth High ROE Promoter Backed Stocks
Being careful with 20 per cent revenue growth high ROE promoter backed 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: Engineers India trades at a PE of 25.42 against an industry PE of 22.89, 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 20 Per Cent Revenue Growth High ROE Promoter Backed Stocks
Picking from 20 per cent revenue growth high ROE promoter backed 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 (15.28 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 20 per cent revenue growth high ROE promoter backed stocks, Emmvee stands out for the lowest PE of the group at 14.86, Engineers India for the biggest five-year price gain at 260.40%, PN Gadgil for the fastest profit growth, 55.82% a year since FY22 and Waaree Renewables for the highest return on equity at 51.23%. 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 20 per cent revenue growth high ROE promoter backed 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 20 Per Cent Revenue Growth High ROE Promoter Backed Stocks to Watch
Which are the best 20 per cent revenue growth high ROE promoter backed stocks to watch for multibagger potential?
Ans. Emmvee, Engineers India, PN Gadgil and Waaree Renewables are the 4 names this list highlights, with market caps of Rs 21,079 crore, Rs 19,930 crore, Rs 9,430 crore and Rs 7,675 crore respectively. Emmvee is notable for the lowest PE of the group at 14.86. Engineers India stands out for the biggest five-year price gain at 260.40%. PN Gadgil offers the fastest profit growth, 55.82% a year since FY22. Waaree Renewables brings the highest return on equity at 51.23%. These are watchlist names for 20 per cent revenue growth high ROE promoter backed stocks, not recommendations, so match each one to your own risk profile and time horizon.
Is Waaree Renewables a good stock for long-term investors?
Ans. Waaree Renewables has a return on equity of 51.23%, a PE of 15.01 against an industry PE of 15.28 and a market cap of Rs 7,675 crore. FY26 revenue rose 107.86%, and June 2026 quarter net profit grew 37.72%. Long-term returns in 20 per cent revenue growth high ROE promoter backed stocks depend on earnings growth and the price paid at entry, so staggering purchases and consulting a SEBI-registered advisor is sensible.
Can PN Gadgil become a multibagger from here?
Ans. PN Gadgil has a market cap of Rs 9,430 crore. A multibagger outcome in 20 per cent revenue growth high ROE promoter backed stocks requires earnings to keep growing faster than the market for several years. Net profit has compounded at 55.82% a year since FY22, and FY26 revenue rose 40.20%. At a PE of 21.15 against an industry PE of 46.75, valuation should be checked against that growth before investing.
What is the market cap of Emmvee, Engineers India, PN Gadgil and Waaree Renewables?
Ans. As of 12 November 2026, Emmvee has a market cap of Rs 21,079 crore, Engineers India has a market cap of Rs 19,930 crore, PN Gadgil has a market cap of Rs 9,430 crore and Waaree Renewables has a market cap of Rs 7,675 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 20 per cent revenue growth high ROE promoter backed stocks.
What are the risks of investing in 20 per cent revenue growth high ROE promoter backed 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. Engineers India trades at a PE of 25.42 against an industry PE of 22.89, so earnings growth needs to hold up.
Is Emmvee trading below its industry PE?
Ans. Emmvee trades at a PE of 14.86 against an industry PE of 45.89. A lower PE means investors pay less for each rupee of earnings, but it should be read with growth (FY26 revenue rose 116.22% and September 2026 quarter net profit grew 60.62%) and balance sheet strength before drawing a conclusion.
How much do institutions hold in Emmvee, Engineers India, PN Gadgil and Waaree Renewables?
Ans. As of the latest reported quarter, FII and DII together hold 12.72% of Emmvee (2.92% and 9.80%), 24.70% of Engineers India (8.09% and 16.61%), 10.87% of PN Gadgil (3.82% and 7.05%) and 2.07% of Waaree Renewables (1.98% and 0.09%). Rising institutional holding is a useful signal in 20 per cent revenue growth high ROE promoter backed stocks, though it should be read with earnings trends rather than on its own.
