4 Largecap DII Backed Quarterly Profit Growth Stocks to Watch for Future Multibagger Potential: Sun Pharma, Asian Paints, Trent and Tech Mahindra
- November 5, 2026
- Posted by: Manan Bisht
- Category: Best Stocks
Sun Pharma Rs 1,773.40. Asian Paints Rs 2,418.30. Trent Rs 3,060. Tech Mahindra Rs 1,783. Market caps from Rs 1.59 lakh crore to Rs 4.26 lakh crore. Data as of 4 Nov 2026.
Quick Answer
Sun Pharma, Asian Paints, Trent and Tech Mahindra are the 4 picks in this DII backed quarterly profit growth stocks watchlist, with market caps between Rs 1.59 lakh crore and Rs 4.26 lakh crore. Sun Pharma stands out for the fastest profit growth, 35.75% a year since FY22, while Asian Paints offers the strongest latest-quarter profit growth at 39.60%. PE ratios run from 30.76 to 95.51, so compare each one with its industry PE before investing. All figures are as of 4 November 2026.
DII backed quarterly profit growth stocks to watch for multibagger potential start with a simple filter: size, a clean financial record and earnings that keep growing. Sun Pharma, Asian Paints, Trent and Tech Mahindra meet that test, with market caps from Rs 1.59 lakh crore to Rs 4.26 lakh crore and Sun Pharma offering the fastest profit growth, 35.75% a year since FY22. Each of these companies has a domestic institutional holding of at least 20 per cent and latest quarter net profit growth of at least 20 per cent year on year, 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 domestic institutional holding of at least 20 per cent and latest quarter net profit growth of at least 20 per cent year on year, 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 DII backed quarterly profit growth stocks usually begin with size and balance sheet strength, and this list follows the same logic. All figures are as of 4 November 2026 and are drawn from NSE and BSE data and company filings.
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What Are DII Backed Quarterly Profit Growth Stocks and Why Do They Attract Multibagger Interest?
DII backed quarterly profit growth stocks are shares of large companies in which domestic funds, insurers and mutual funds together own at least twenty per cent of the business and whose net profit grew by twenty per cent or more in the latest quarter. The four here cover pharmaceuticals, paints, fashion retail and information technology.
Domestic funds invest money from Indian savers and study companies in depth, so a large DII stake in a company with a strong latest quarter shows steady local trust in earnings that are rising right now. For DII backed quarterly profit growth stocks, both FY26 and the latest quarter showed growth. Whichever way you read DII backed quarterly profit growth stocks, the common thread is rising profit backed by complete financial data. For DII backed quarterly profit growth stocks, checking each result against the latest quarter matters more than any single ratio. The next sections explain what stands out in each of DII backed quarterly profit growth stocks, using FY26 and latest quarter data. Prices move daily, so recheck the figures for DII backed quarterly profit growth stocks before you decide.
DII Backed Quarterly Profit Growth Stocks at a Glance: Price, Market Cap, PE and ROE
Prices are closing prices as of 4 November 2026. Tech Mahindra has the lowest PE of the group at 30.76, while Trent posts the highest return on equity at 24.62%.
| Stock | CMP (Rs) | Market Cap (Rs Cr) | PE | Industry PE | ROE | Debt to Equity | 52-Week Range (Rs) |
|---|---|---|---|---|---|---|---|
| Sun Pharmaceutical Industries | 1,773.40 | 4,26,127 | 35.17 | 36.42 | 13.74% | 0.06 | 1,583.70 to 2,046.90 |
| Asian Paints | 2,418.30 | 2,39,242 | 49.46 | 42.98 | 20.24% | 0.18 | 2,115.00 to 2,985.70 |
| Trent | 3,060 | 1,73,313 | 95.51 | 64.73 | 24.62% | 0.37 | 2,183.67 to 3,399.70 |
| Tech Mahindra | 1,783 | 1,58,829 | 30.76 | 18.49 | 16.24% | 0.07 | 1,304.10 to 1,854.00 |
Sun Pharma: 35.75% Profit CAGR Since FY22
Sun Pharmaceutical Industries is one of India’s largest drugmakers and sells generic and specialty medicines in India and overseas. It reported FY26 revenue of Rs 61,673.94 crore, up 12.69% year on year, and net profit of Rs 11,564.52 crore, up 5.32%. Net profit has compounded at 35.75% a year since FY22, while revenue has grown 11.62% a year. Operating margin was 31.47% in FY26. The debt-to-equity ratio is 0.06, which keeps interest costs low.
In the June 2026 quarter, revenue rose 11.93% to Rs 16,023.50 crore and net profit grew 26.41% to Rs 2,910.80 crore. The share price has gained 111.23% over five years. Domestic institutions raised their holding from 20.23% in September 2025 to 22.27% in September 2026. The stock trades at a PE of 35.17 against an industry PE of 36.42, below the sector average, with a return on equity of 13.74%.
Asian Paints: Return on Equity of 20.24%
Asian Paints is India’s largest paint maker and sells decorative and industrial paints, waterproofing and home decor products. It reported FY26 revenue of Rs 36,307.34 crore, up 5.31% year on year, and net profit of Rs 4,394.69 crore, up 18.46%. Net profit has compounded at 9.25% a year since FY22, while revenue has grown 5.34% a year. Operating margin was 20.87% in FY26. The debt-to-equity ratio is 0.18.
The stock trades at a PE of 49.46 against an industry PE of 42.98, with a return on equity of 20.24%. In the June 2026 quarter, revenue rose 18.09% to Rs 10,782.79 crore and net profit grew 39.60% to Rs 1,559.45 crore. Foreign investors raised their holding from 11.85% in June 2025 to 13.32% in June 2026.
Trent: Return on Equity of 24.62%
Trent runs the Westside, Zudio and Star retail chains selling fashion, apparel and grocery products. It reported FY26 revenue of Rs 20,189.05 crore, up 16.34% year on year, and net profit of Rs 1,721.33 crore, up 12.18%. Revenue has compounded at 44.17% a year since FY22. Operating margin was 17.91% in FY26. The debt-to-equity ratio is 0.37.
In the June 2026 quarter, revenue rose 17.47% to Rs 5,784.54 crore and net profit grew 21.98% to Rs 518.07 crore. The share price has gained 286.89% over five years. Domestic institutions raised their holding from 19.98% in September 2025 to 23.33% in September 2026. The stock trades at a PE of 95.51 against an industry PE of 64.73, with a return on equity of 24.62%.
Tech Mahindra: Debt-to-Equity of 0.07
Tech Mahindra, part of the Mahindra Group, provides IT and business services to telecom and other global clients. It reported FY26 revenue of Rs 56,847.30 crore, up 5.58% year on year, and net profit of Rs 4,805.50 crore, up 12.99%. Revenue has compounded at 5.57% a year since FY22. Operating margin was 15.47% in FY26. The debt-to-equity ratio is 0.07, which keeps interest costs low.
The stock trades at a PE of 30.76 against an industry PE of 18.49, with a return on equity of 16.24%. The dividend yield is 3.14%. In the September 2026 quarter, revenue rose 15.23% to Rs 16,172.80 crore and net profit grew 33.95% to Rs 1,609.70 crore. The share price is up 16.56% over the past year. Domestic institutions raised their holding from 32.13% in June 2025 to 36.92% in June 2026.
DII Backed Quarterly Profit Growth Stocks: Financial Comparison on Growth and Margins
The table compares scale and growth across these DII backed quarterly profit growth 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) |
|---|---|---|---|---|---|---|
| Sun Pharma | 61,673.94 | 11,564.52 | 12.69% | 11.62% | 11.93% | 32.52% |
| Asian Paints | 36,307.34 | 4,394.69 | 5.31% | 5.34% | 18.09% | 23.26% |
| Trent | 20,189.05 | 1,721.33 | 16.34% | 44.17% | 17.47% | 19.97% |
| Tech Mahindra | 56,847.30 | 4,805.50 | 5.58% | 5.57% | 15.23% | 17.74% |
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Institutional Holding in Sun Pharma, Asian Paints, Trent and Tech Mahindra
Institutional holding shows who is backing these DII backed quarterly profit growth stocks alongside the promoter. The table uses the latest reported quarter for each. Tech Mahindra has the deepest institutional backing, with FII and DII together holding 55.58% as of June 2026. Domestic institutions increased their holding over the past year in Sun Pharma (from 20.23% to 22.27%), Trent (from 19.98% to 23.33%) and Tech Mahindra (from 32.13% to 36.92%).
| Stock | Promoter | FII | DII | Public | Quarter |
|---|---|---|---|---|---|
| Sun Pharma | 52.68% | 14.36% | 22.27% | 10.70% | September 2026 |
| Asian Paints | 52.63% | 13.32% | 20.77% | 13.28% | June 2026 |
| Trent | 37.01% | 15.28% | 23.33% | 24.39% | September 2026 |
| Tech Mahindra | 34.97% | 18.66% | 36.92% | 9.45% | June 2026 |
Risks to Weigh in DII Backed Quarterly Profit Growth Stocks
Being careful with DII backed quarterly profit growth 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: Tech Mahindra trades at a PE of 30.76 against an industry PE of 18.49, 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 DII Backed Quarterly Profit Growth Stocks
Picking from DII backed quarterly profit growth 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 (18.49 to 64.73) 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 DII backed quarterly profit growth stocks, Sun Pharma stands out for the fastest profit growth, 35.75% a year since FY22, Asian Paints for the strongest latest-quarter profit growth at 39.60%, Trent for the highest return on equity at 24.62% and Tech Mahindra for the lowest PE of the group at 30.76. 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 DII backed quarterly profit growth 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 DII Backed Quarterly Profit Growth Stocks to Watch
Which are the best DII backed quarterly profit growth stocks to watch for multibagger potential?
Ans. Sun Pharma, Asian Paints, Trent and Tech Mahindra are the 4 names this list highlights, with market caps of Rs 4,26,127 crore, Rs 2,39,242 crore, Rs 1,73,313 crore and Rs 1,58,829 crore respectively. Sun Pharma is notable for the fastest profit growth, 35.75% a year since FY22. Asian Paints stands out for the strongest latest-quarter profit growth at 39.60%. Trent offers the highest return on equity at 24.62%. Tech Mahindra brings the lowest PE of the group at 30.76. These are watchlist names for DII backed quarterly profit growth stocks, not recommendations, so match each one to your own risk profile and time horizon.
Is Trent a good stock for long-term investors?
Ans. Trent has a return on equity of 24.62%, a PE of 95.51 against an industry PE of 64.73 and a market cap of Rs 1,73,313 crore. FY26 revenue rose 16.34%, and June 2026 quarter net profit grew 21.98%. Long-term returns in DII backed quarterly profit growth stocks depend on earnings growth and the price paid at entry, so staggering purchases and consulting a SEBI-registered advisor is sensible.
Can Sun Pharma become a multibagger from here?
Ans. Sun Pharma has already gained 111.23% in five years, so another multi-fold move would need sustained earnings growth. A multibagger outcome in DII backed quarterly profit growth stocks requires earnings to keep growing faster than the market for several years. Net profit has compounded at 35.75% a year since FY22, and FY26 revenue rose 12.69%. At a PE of 35.17 against an industry PE of 36.42, valuation should be checked against that growth before investing.
What is the market cap of Sun Pharma, Asian Paints, Trent and Tech Mahindra?
Ans. As of 4 November 2026, Sun Pharma has a market cap of Rs 4,26,127 crore, Asian Paints has a market cap of Rs 2,39,242 crore, Trent has a market cap of Rs 1,73,313 crore and Tech Mahindra has a market cap of Rs 1,58,829 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 DII backed quarterly profit growth stocks.
What are the risks of investing in DII backed quarterly profit growth 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. Tech Mahindra trades at a PE of 30.76 against an industry PE of 18.49, so earnings growth needs to hold up.
Why is Tech Mahindra trading at a PE of 30.76?
Ans. Tech Mahindra’s PE of 30.76 compares with an industry PE of 18.49. The market is paying a premium for a return on equity of 16.24% and latest-quarter profit growth of 33.95%, which also means the stock is more sensitive if growth slows. Investors in DII backed quarterly profit growth 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 Sun Pharma, Asian Paints, Trent and Tech Mahindra?
Ans. As of the latest reported quarter, FII and DII together hold 36.63% of Sun Pharma (14.36% and 22.27%), 34.09% of Asian Paints (13.32% and 20.77%), 38.61% of Trent (15.28% and 23.33%) and 55.58% of Tech Mahindra (18.66% and 36.92%). Rising institutional holding is a useful signal in DII backed quarterly profit growth stocks, though it should be read with earnings trends rather than on its own.
