3 Top Coimbatore-based Stocks to Watch for Future Multibagger Potential: KPR Mill, Craftsman Automation and Elgi Equipments
- October 19, 2026
- Posted by: Manan Bisht
- Category: Best Stocks
KPR Mill Rs 1,100.30. Craftsman Automation Rs 10,960. Elgi Equipments Rs 572.20. Market caps from Rs 18,186 crore to Rs 37,651 crore. Data as of 16 Oct 2026.
Quick Answer
KPR Mill, Craftsman Automation and Elgi Equipments are the 3 picks in this Coimbatore-based stocks watchlist, with market caps between Rs 18,186 crore and Rs 37,651 crore. KPR Mill stands out for the largest market cap at Rs 37,651 crore, while Craftsman Automation offers the biggest five-year price gain at 332.22%. PE ratios run from 40.61 to 61.85, so compare each one with its industry PE before investing. All figures are as of 16 October 2026.
Coimbatore-based stocks to watch for multibagger potential start with a simple filter: size, a clean financial record and earnings that keep growing. KPR Mill, Craftsman Automation and Elgi Equipments meet that test, with market caps from Rs 18,186 crore to Rs 37,651 crore and KPR Mill offering the largest market cap at Rs 37,651 crore. Coimbatore is known as the Manchester of South India, with strong textile and engineering companies.
This list covers listed companies headquartered in Coimbatore, Tamil Nadu, with complete, verifiable financials, ranked by market capitalisation. Not every name here is a largecap, so the list takes the leading companies of the sector by market capitalisation. Investors screening Coimbatore-based stocks usually begin with size and balance sheet strength, and this list follows the same logic. All figures are as of 16 October 2026 and are drawn from NSE and BSE data and company filings.
Click Here – Get Free Investment Predictions
What Are Coimbatore-based Stocks and Why Do They Attract Multibagger Interest?
Coimbatore-based stocks are shares of companies headquartered in Coimbatore. They include a garment and yarn maker, a precision components and aluminium castings maker and an air compressor manufacturer.
Export demand, auto and industrial orders and the shift of global buyers to India support these firms. Companies with strong order books, healthy margins and high returns are the ones investors compare in Coimbatore-based stocks.
Coimbatore-based Stocks at a Glance: Price, Market Cap, PE and ROE
Prices are closing prices as of 16 October 2026. Elgi Equipments combines the lowest PE of the group, 40.61, with the highest return on equity, 19.28%.
| Stock | CMP (Rs) | Market Cap (Rs Cr) | PE | Industry PE | ROE | Debt to Equity | 52-Week Range (Rs) |
|---|---|---|---|---|---|---|---|
| KPR Mill | 1,100.30 | 37,651 | 41.27 | 36.46 | 15.21% | 0.10 | 796.10 to 1,334.00 |
| Craftsman Automation | 10,960 | 28,756 | 61.85 | 37.22 | 11.76% | 1.11 | 6,324.00 to 11,999.00 |
| Elgi Equipments | 572.20 | 18,186 | 40.61 | 45.93 | 19.28% | 0.24 | 408.25 to 653.40 |
KPR Mill: Debt-to-Equity of 0.10
KPR Mill is an integrated textile maker that produces yarn, knitted fabric and garments and also runs a sugar and ethanol business. It reported FY26 revenue of Rs 6,784.29 crore, up 4.98% year on year, and net profit of Rs 866.50 crore, up 6.30%. Revenue has compounded at 8.42% a year since FY22. Operating margin was 21.07% in FY26. The debt-to-equity ratio is 0.10, which keeps interest costs low.
In the June 2026 quarter, revenue rose 9.32% to Rs 1,970.26 crore and net profit grew 21.55% to Rs 258.54 crore. The share price has gained 130.83% over five years. Foreign investors raised their holding from 6.45% in September 2025 to 7.01% in September 2026. The stock trades at a PE of 41.27 against an industry PE of 36.46, with a return on equity of 15.21%.
Craftsman Automation: 23.87% Profit CAGR Since FY22
Craftsman Automation makes powertrain and engineering components, aluminium products and industrial machines. It reported FY26 revenue of Rs 8,130.63 crore, up 42.25% year on year, and net profit of Rs 383.99 crore, up 91.16%. Net profit has compounded at 23.87% a year since FY22, while revenue has grown 38.27% a year. Operating margin was 15.95% in FY26.
The stock trades at a PE of 61.85 against an industry PE of 37.22. In the June 2026 quarter, revenue rose 37.21% to Rs 2,454.66 crore and net profit grew 116.31% to Rs 150.55 crore. The share price has gained 332.22% over five years and 70.31% over the past year. Domestic institutions raised their holding from 22.67% in June 2025 to 32.90% in June 2026.
Elgi Equipments: 24.61% Profit CAGR Since FY22
Elgi Equipments makes air compressors for industrial customers in India and overseas. It reported FY26 revenue of Rs 4,068.50 crore, up 14.02% year on year, and net profit of Rs 430.20 crore, up 22.84%. Net profit has compounded at 24.61% a year since FY22, while revenue has grown 12.06% a year. Operating margin was 17.53% in FY26. The debt-to-equity ratio is 0.24.
In the June 2026 quarter, revenue rose 22.13% to Rs 1,082.60 crore and net profit grew 20.68% to Rs 103.30 crore. The share price has gained 182.78% over five years and 21.42% over the past year. Domestic institutions raised their holding from 5.23% in June 2025 to 10.13% in June 2026. The stock trades at a PE of 40.61 against an industry PE of 45.93, below the sector average, with a return on equity of 19.28%.
Coimbatore-based Stocks: Financial Comparison on Growth and Margins
The table compares scale and growth across these Coimbatore-based 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) |
|---|---|---|---|---|---|---|
| KPR Mill | 6,784.29 | 866.50 | 4.98% | 8.42% | 0.72% | 22.09% |
| Craftsman Automation | 8,130.63 | 383.99 | 42.25% | 38.27% | 23.87% | 16.76% |
| Elgi Equipments | 4,068.50 | 430.20 | 14.02% | 12.06% | 24.61% | 16.02% |
Check the Univest Screener for live data on these Coimbatore-based stocks
Institutional Holding in KPR Mill, Craftsman Automation and Elgi Equipments
Institutional holding shows who is backing these Coimbatore-based stocks alongside the promoter. The table uses the latest reported quarter for each. Craftsman Automation has the deepest institutional backing, with FII and DII together holding 50.18% as of June 2026. Domestic institutions increased their holding over the past year in Craftsman Automation (from 22.67% to 32.90%) and Elgi Equipments (from 5.23% to 10.13%).
| Stock | Promoter | FII | DII | Public | Quarter |
|---|---|---|---|---|---|
| KPR Mill | 67.52% | 7.01% | 19.15% | 6.31% | September 2026 |
| Craftsman Automation | 42.41% | 17.28% | 32.90% | 7.41% | June 2026 |
| Elgi Equipments | 31.19% | 21.90% | 10.13% | 36.78% | June 2026 |
Risks to Weigh in Coimbatore-based Stocks
Being careful with Coimbatore-based stocks means looking at what can slow the story as well as what can speed it up. Four points matter most:
- Textile earnings depend on cotton prices and export demand.
- Engineering earnings depend on industrial and auto cycles.
- Valuation: Craftsman Automation trades at a PE of 61.85 against an industry PE of 37.22, so earnings need to keep growing to support the price.
- Concentration: Holding all 3 names puts the allocation in one sector, so size each position to match your risk appetite.
How to Choose Between Coimbatore-based Stocks
Picking from Coimbatore-based 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 (36.46 to 45.93) and ask whether the growth rate justifies any gap.
- Track revenue growth, the operating margin and the return on equity in every quarterly result.
- Stagger entries across quarters and review institutional holding every reporting season.
Download the Univest iOS App or Univest Android App to track KPR Mill, Craftsman Automation and Elgi Equipments live prices.
Conclusion
Among Coimbatore-based stocks, KPR Mill stands out for the largest market cap at Rs 37,651 crore, Craftsman Automation for the biggest five-year price gain at 332.22% and Elgi Equipments for the highest return on equity at 19.28%. 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 Coimbatore-based 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 Coimbatore-based Stocks to Watch
Which are the best Coimbatore-based stocks to watch for multibagger potential?
Ans. KPR Mill, Craftsman Automation and Elgi Equipments are the 3 names this list highlights, with market caps of Rs 37,651 crore, Rs 28,756 crore and Rs 18,186 crore respectively. KPR Mill is notable for the largest market cap at Rs 37,651 crore. Craftsman Automation stands out for the biggest five-year price gain at 332.22%. Elgi Equipments offers the highest return on equity at 19.28%. These are watchlist names for Coimbatore-based stocks, not recommendations, so match each one to your own risk profile and time horizon.
Is Elgi Equipments a good stock for long-term investors?
Ans. Elgi Equipments has a return on equity of 19.28%, a PE of 40.61 against an industry PE of 45.93 and a market cap of Rs 18,186 crore. Net profit has compounded at 24.61% a year since FY22, and FY26 revenue rose 14.02% while June 2026 quarter net profit grew 20.68%. Long-term returns in Coimbatore-based stocks depend on earnings growth and the price paid at entry, so staggering purchases and consulting a SEBI-registered advisor is sensible.
Can Craftsman Automation become a multibagger from here?
Ans. Craftsman Automation has already gained 332.22% in five years, so another multi-fold move would need sustained earnings growth. A multibagger outcome in Coimbatore-based stocks requires earnings to keep growing faster than the market for several years. Net profit has compounded at 23.87% a year since FY22, and FY26 revenue rose 42.25%. At a PE of 61.85 against an industry PE of 37.22, valuation should be checked against that growth before investing.
What is the market cap of KPR Mill, Craftsman Automation and Elgi Equipments?
Ans. As of 16 October 2026, KPR Mill has a market cap of Rs 37,651 crore, Craftsman Automation has a market cap of Rs 28,756 crore and Elgi Equipments has a market cap of Rs 18,186 crore. KPR Mill is the largest of the group. 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 Coimbatore-based stocks.
What are the risks of investing in Coimbatore-based stocks?
Ans. The main risks are raw material price swings, changes in export demand and the auto cycle. Companies with varied customers and products handle these better. Craftsman Automation trades at a PE of 61.85 against an industry PE of 37.22, so earnings growth needs to hold up.
Why is Craftsman Automation trading at a PE of 61.85?
Ans. Craftsman Automation’s PE of 61.85 compares with an industry PE of 37.22. The market is paying a premium for profit growth of 23.87% a year since FY22, latest-quarter profit growth of 116.31% and FY26 revenue growth of 42.25%, which also means the stock is more sensitive if growth slows. Investors in Coimbatore-based 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 KPR Mill, Craftsman Automation and Elgi Equipments?
Ans. As of the latest reported quarter, FII and DII together hold 26.16% of KPR Mill (7.01% and 19.15%), 50.18% of Craftsman Automation (17.28% and 32.90%) and 32.03% of Elgi Equipments (21.90% and 10.13%). Rising institutional holding is a useful signal in Coimbatore-based stocks, though it should be read with earnings trends rather than on its own.
