3 Top High FII Holding Stocks to Watch for Future Multibagger Potential: Shriram Finance, Apollo Hospitals and Max Healthcare
- October 19, 2026
- Posted by: Manan Bisht
- Category: Best Stocks
Shriram Finance Rs 939.95. Apollo Hospitals Rs 7,890. Max Healthcare Rs 846. Market caps from Rs 83,403 crore to Rs 2.23 lakh crore. Data as of 16 Oct 2026.
Quick Answer
Shriram Finance, Apollo Hospitals and Max Healthcare are the 3 picks in this high FII holding stocks watchlist, with market caps between Rs 83,403 crore and Rs 2.23 lakh crore. Shriram Finance stands out for the fastest profit growth, 38.64% a year since FY22, while Apollo Hospitals offers the highest return on equity at 20.48%. PE ratios run from 19.73 to 57.24, so compare each one with its industry PE before investing. All figures are as of 16 October 2026.
High FII holding stocks to watch for multibagger potential start with a simple filter: size, a clean financial record and earnings that keep growing. Shriram Finance, Apollo Hospitals and Max Healthcare meet that test, with market caps from Rs 83,403 crore to Rs 2.23 lakh crore and Shriram Finance offering the fastest profit growth, 38.64% a year since FY22. Foreign institutional investors own more than 40 per cent of each of these companies.
This list covers companies with FII holding above 40 per cent in the latest shareholding pattern and 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 high FII holding 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.
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What Are High FII Holding Stocks and Why Do They Attract Multibagger Interest?
High FII holding stocks are shares where foreign funds own a large part of the company. Global funds do detailed research and invest large sums, so a high FII stake shows international confidence in the business.
Foreign investors tend to favour companies with clear growth, strong management and good disclosure. Businesses that attract such money while growing profit are the ones investors compare in high FII holding stocks.
High FII Holding Stocks at a Glance: Price, Market Cap, PE, ROE and Price to Book
Prices are closing prices as of 16 October 2026. Shriram Finance has the lowest PE of the group at 19.73, while Apollo Hospitals posts the highest return on equity at 20.48%.
| Stock | CMP (Rs) | Market Cap (Rs Cr) | PE | Industry PE | ROE | Price to Book | 52-Week Range (Rs) |
|---|---|---|---|---|---|---|---|
| Shriram Finance | 939.95 | 2,23,308 | 19.73 | 17.68 | 15.21% | 2.12 | 662.25 to 1,153.70 |
| Apollo Hospitals Enterprise | 7,890 | 1,14,101 | 52.53 | 60.75 | 20.48% | 12.04 | 6,696.50 to 9,070.50 |
| Max Healthcare Institute | 846 | 83,403 | 57.24 | 60.75 | 13.42% | 7.76 | 842.05 to 1,221.90 |
Shriram Finance: 38.64% Profit CAGR Since FY22
Shriram Finance is a major NBFC focused on commercial vehicle, small business and personal loans. It reported FY26 total income of Rs 48,192.65 crore, up 15.13% year on year, and net profit of Rs 10,004.20 crore, up 6.16%. Net profit has compounded at 38.64% a year since FY22, while total income has grown 25.75% a year.
In the June 2026 quarter, total income rose 16.26% to Rs 13,418.74 crore and net profit grew 59.95% to Rs 3,447.26 crore. The share price has gained 239.61% over five years and 40.91% over the past year. Domestic institutions raised their holding from 18.66% in September 2025 to 19.90% in June 2026. The stock trades at a PE of 19.73 against an industry PE of 17.68, with a return on equity of 15.21%.
Apollo Hospitals: Return on Equity of 20.48%
Apollo Hospitals Enterprise runs one of India’s largest hospital networks and also operates pharmacies and a digital health platform. It reported FY26 revenue of Rs 25,420.10 crore, up 15.58% year on year, and net profit of Rs 2,002.70 crore, up 33.06%. Net profit has compounded at 16.13% a year since FY22, while revenue has grown 14.59% a year. Operating margin was 15.80% in FY26.
The stock trades at a PE of 52.53 against an industry PE of 60.75, below the sector average, with a return on equity of 20.48%. In the June 2026 quarter, revenue rose 20.57% to Rs 7,092.30 crore and net profit grew 38.41% to Rs 610.40 crore. The share price has gained 83.08% over five years. Domestic institutions raised their holding from 21.12% in September 2025 to 22.07% in September 2026.
Max Healthcare: 24.26% Profit CAGR Since FY22
Max Healthcare Institute runs a network of multi-speciality hospitals in Delhi NCR, Mumbai and other cities. It reported FY26 revenue of Rs 8,536.07 crore, up 18.82% year on year, and net profit of Rs 1,442.41 crore, up 34.07%. Net profit has compounded at 24.26% a year since FY22, while revenue has grown 20.42% a year. Operating margin was 28.15% in FY26. The debt-to-equity ratio is 0.32.
In the June 2026 quarter, revenue rose 16.60% to Rs 2,406.69 crore and net profit grew 4.87% to Rs 322.96 crore. The share price has gained 149.91% over five years. Domestic institutions raised their holding from 17.42% in June 2025 to 29.96% in June 2026. The stock trades at a PE of 57.24 against an industry PE of 60.75, below the sector average, with a return on equity of 13.42%.
High FII Holding Stocks: Financial Comparison on Growth and Margins
The table compares scale and growth across these high FII holding 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) | Income Growth (YoY) | 4-Year Income CAGR | 4-Year Net Profit CAGR |
|---|---|---|---|---|---|
| Shriram Finance | 48,192.65 | 10,004.20 | 15.13% | 25.75% | 38.64% |
| Apollo Hospitals | 25,420.10 | 2,002.70 | 15.58% | 14.59% | 16.13% |
| Max Healthcare | 8,536.07 | 1,442.41 | 18.82% | 20.42% | 24.26% |
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Institutional Holding in Shriram Finance, Apollo Hospitals and Max Healthcare
Institutional holding shows who is backing these high FII holding stocks alongside the promoter. The table uses the latest reported quarter for each. Shriram Finance has the deepest institutional backing, with FII and DII together holding 74.67% as of June 2026. Domestic institutions increased their holding over the past year in Shriram Finance (from 18.66% to 19.90%), Apollo Hospitals (from 21.12% to 22.07%) and Max Healthcare (from 17.42% to 29.96%).
| Stock | Promoter | FII | DII | Public | Quarter |
|---|---|---|---|---|---|
| Shriram Finance | 20.30% | 54.77% | 19.90% | 5.04% | June 2026 |
| Apollo Hospitals | 28.02% | 43.18% | 22.07% | 6.72% | September 2026 |
| Max Healthcare | 23.71% | 41.78% | 29.96% | 4.56% | June 2026 |
Risks to Weigh in High FII Holding Stocks
Being careful with high FII holding stocks means looking at what can slow the story as well as what can speed it up. Four points matter most:
- FII flows can change quickly with global markets.
- A high stake means sharper moves if funds sell.
- Valuation: Shriram Finance trades at a PE of 19.73 against an industry PE of 17.68, 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 High FII Holding Stocks
Picking from high FII holding 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 (17.68 to 60.75) and ask whether the growth rate justifies any gap.
- Track FII holding, quarterly profit growth and the return on equity in every shareholding update.
- Stagger entries across quarters and review institutional holding every reporting season.
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Conclusion
Among high FII holding stocks, Shriram Finance stands out for the fastest profit growth, 38.64% a year since FY22, Apollo Hospitals for the highest return on equity at 20.48% and Max Healthcare for 18.82% 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 high FII holding 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 FII Holding Stocks to Watch
Which are the best high FII holding stocks to watch for multibagger potential?
Ans. Shriram Finance, Apollo Hospitals and Max Healthcare are the 3 names this list highlights, with market caps of Rs 2,23,308 crore, Rs 1,14,101 crore and Rs 83,403 crore respectively. Shriram Finance is notable for the fastest profit growth, 38.64% a year since FY22. Apollo Hospitals stands out for the highest return on equity at 20.48%. Max Healthcare offers 18.82% revenue growth in FY26. These are watchlist names for high FII holding stocks, not recommendations, so match each one to your own risk profile and time horizon.
Is Apollo Hospitals a good stock for long-term investors?
Ans. Apollo Hospitals has a return on equity of 20.48%, a PE of 52.53 against an industry PE of 60.75 and a market cap of Rs 1,14,101 crore. Net profit has compounded at 16.13% a year since FY22, and FY26 revenue rose 15.58% while June 2026 quarter net profit grew 38.41%. Long-term returns in high FII holding stocks depend on earnings growth and the price paid at entry, so staggering purchases and consulting a SEBI-registered advisor is sensible.
Can Shriram Finance become a multibagger from here?
Ans. Shriram Finance has already gained 239.61% in five years, so another multi-fold move would need sustained earnings growth. A multibagger outcome in high FII holding stocks requires earnings to keep growing faster than the market for several years. Net profit has compounded at 38.64% a year since FY22, and FY26 revenue rose 15.13%. At a PE of 19.73 against an industry PE of 17.68, valuation should be checked against that growth before investing.
What is the market cap of Shriram Finance, Apollo Hospitals and Max Healthcare?
Ans. As of 16 October 2026, Shriram Finance has a market cap of Rs 2,23,308 crore, Apollo Hospitals has a market cap of Rs 1,14,101 crore and Max Healthcare has a market cap of Rs 83,403 crore. Shriram Finance 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 high FII holding stocks.
What are the risks of investing in high FII holding stocks?
Ans. The main risks are sudden changes in global fund flows, currency moves and valuations that already reflect strong interest. Companies with steady earnings and strong domestic holders handle these better. Shriram Finance trades at a PE of 19.73 against an industry PE of 17.68, so earnings growth needs to hold up.
Is Shriram Finance trading below its industry PE?
Ans. Shriram Finance trades at a PE of 19.73 against an industry PE of 17.68. A lower PE means investors pay less for each rupee of earnings, but it should be read with growth (net profit has compounded at 38.64% a year since FY22 and FY26 revenue rose 15.13%) and balance sheet strength before drawing a conclusion.
How much do institutions hold in Shriram Finance, Apollo Hospitals and Max Healthcare?
Ans. As of the latest reported quarter, FII and DII together hold 74.67% of Shriram Finance (54.77% and 19.90%), 65.25% of Apollo Hospitals (43.18% and 22.07%) and 71.74% of Max Healthcare (41.78% and 29.96%). Rising institutional holding is a useful signal in high FII holding stocks, though it should be read with earnings trends rather than on its own.
