4 Largecap High Return Stocks to Watch for Future Multibagger Potential: M&M, TVS Motor, BSE and CG Power
- October 23, 2026
- Posted by: Manan Bisht
- Category: Best Stocks
M&M Rs 2,864.10. TVS Motor Rs 3,974. BSE Rs 3,265. CG Power Rs 817.10. Market caps from Rs 1.29 lakh crore to Rs 3.48 lakh crore. Data as of 22 Oct 2026.
Quick Answer
M&M, TVS Motor, BSE and CG Power are the 4 picks in this high return stocks watchlist, with market caps between Rs 1.29 lakh crore and Rs 3.48 lakh crore. M&M stands out for the lowest PE of the group at 17.19, while TVS Motor offers the strongest latest-quarter profit growth at 64.52%. PE ratios run from 17.19 to 103.94, so compare each one with its industry PE before investing. All figures are as of 22 October 2026.
High return stocks to watch for multibagger potential start with a simple filter: size, a clean financial record and earnings that keep growing. M&M, TVS Motor, BSE and CG Power meet that test, with market caps from Rs 1.29 lakh crore to Rs 3.48 lakh crore and M&M offering the lowest PE of the group at 17.19. Each of these companies has a five-year return of at least 200 per cent, FY26 profit growth of at least 20 per cent and a return on equity above 15 per cent, and net profit rose in FY26 and in the latest quarter.
This list covers companies with a five-year return of at least 200 per cent, FY26 profit growth of at least 20 per cent and a return on equity above 15 per cent, 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 high return stocks usually begin with size and balance sheet strength, and this list follows the same logic. All figures are as of 22 October 2026 and are drawn from NSE and BSE data and company filings.
Click Here – Get Free Investment Predictions
What Are High Return Stocks and Why Do They Attract Multibagger Interest?
High return stocks are shares of large companies that have tripled or better investor money over five years while profit kept growing. The four here cover automobiles, two-wheelers, a stock exchange and electrical equipment.
Past returns do not guarantee the future, but profit that keeps growing is what lets such records continue. For high return stocks, the earnings trend matters most. Investors researching high return stocks get a fuller picture by reading growth and valuation together. The table below lines up high return stocks on size, growth and valuation, using complete FY26 and latest quarter numbers. Past performance does not guarantee future returns, so use high return stocks as a starting point for your own research.
High Return Stocks at a Glance: Price, Market Cap, PE, ROE and Price to Book
Prices are closing prices as of 22 October 2026. M&M has the lowest PE of the group at 17.19, while BSE posts the highest return on equity at 37.42%.
| Stock | CMP (Rs) | Market Cap (Rs Cr) | PE | Industry PE | ROE | Price to Book | 52-Week Range (Rs) |
|---|---|---|---|---|---|---|---|
| Mahindra & Mahindra | 2,864.10 | 3,48,064 | 17.19 | 23.82 | 18.37% | 3.74 | 2,744.30 to 3,839.90 |
| TVS Motor Company | 3,974 | 1,91,289 | 53.12 | 23.62 | 31.56% | 19.94 | 3,228.00 to 4,484.50 |
| BSE Ltd | 3,265 | 1,39,823 | 49.55 | 42.42 | 37.42% | 20.95 | 2,326.10 to 4,446.80 |
| CG Power and Industrial Solutions | 817.10 | 1,28,873 | 103.94 | 45.89 | 15.13% | 16.17 | 525.50 to 980.90 |
M&M: 26.58% Profit CAGR Since FY22
Mahindra & Mahindra is one of the largest SUV makers in India and the country’s largest tractor maker, with financial services and electric vehicles in its portfolio. It reported FY26 revenue of Rs 2,02,084.34 crore, up 25.21% year on year, and net profit of Rs 18,621.71 crore, up 32.32%. Net profit has compounded at 26.58% a year since FY22, while revenue has grown 22.04% a year. Operating margin was 21.19% in FY26.
In the June 2026 quarter, revenue rose 27.47% to Rs 59,203.60 crore and net profit grew 37.04% to Rs 5,997.56 crore. The share price has gained 220.52% over five years. Domestic institutions raised their holding from 29.59% in June 2025 to 32.65% in June 2026. The stock trades at a PE of 17.19 against an industry PE of 23.82, below the sector average, with a return on equity of 18.37%.
TVS Motor: 44.50% Profit CAGR Since FY22
TVS Motor Company makes motorcycles, scooters, mopeds and electric two-wheelers, with a growing export business. It reported FY26 revenue of Rs 56,091.53 crore, up 27.02% year on year, and net profit of Rs 3,186.43 crore, up 35.60%. Net profit has compounded at 44.50% a year since FY22, while revenue has grown 23.15% a year. Operating margin was 14.85% in FY26.
The stock trades at a PE of 53.12 against an industry PE of 23.62, with a return on equity of 31.56%. In the June 2026 quarter, revenue rose 34.32% to Rs 16,453.72 crore and net profit grew 64.52% to Rs 1,057.61 crore. The share price has gained 598.75% over five years and 14.49% over the past year. Domestic institutions raised their holding from 18.81% in June 2025 to 21.13% in June 2026.
BSE: 78.30% Profit CAGR Since FY22
BSE Ltd operates one of India’s two major stock exchanges and earns from trading, listing, data and clearing services. It reported FY26 revenue of Rs 5,148.10 crore, up 59.07% year on year, and net profit of Rs 2,475.30 crore, up 87.94%. Net profit has compounded at 78.30% a year since FY22, while revenue has grown 56.26% a year. Operating margin was 68.39% in FY26. The debt-to-equity ratio is 0.00, which keeps interest costs low.
In the June 2026 quarter, revenue rose 63.41% to Rs 1,706.72 crore and net profit grew 62.15% to Rs 872.66 crore. The share price has gained 2101.66% over five years and 37.49% over the past year. Domestic institutions raised their holding from 13.51% in June 2025 to 24.15% in June 2026. The stock trades at a PE of 49.55 against an industry PE of 42.42, with a return on equity of 37.42%.
CG Power: Revenue Up 25.73% in FY26
CG Power and Industrial Solutions makes transformers, motors, drives and railway signalling products, and has entered semiconductor assembly. It reported FY26 revenue of Rs 12,662.22 crore, up 25.73% year on year, and net profit of Rs 1,196.73 crore, up 23.00%. Net profit has compounded at 17.42% a year since FY22, while revenue has grown 23.06% a year. Operating margin was 14.88% in FY26. The debt-to-equity ratio is 0.01, which keeps interest costs low.
The stock trades at a PE of 103.94 against an industry PE of 45.89, with a return on equity of 15.13%. In the June 2026 quarter, revenue rose 15.76% to Rs 3,364.39 crore and net profit grew 15.52% to Rs 308.28 crore. The share price has gained 563.19% over five years. Domestic institutions raised their holding from 16.33% in July 2025 to 18.30% in June 2026.
High Return Stocks: Financial Comparison on Growth and Margins
The table compares scale and growth across these high return 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) |
|---|---|---|---|---|---|---|
| M&M | 2,02,084.34 | 18,621.71 | 25.21% | 22.04% | 26.58% | 20.77% |
| TVS Motor | 56,091.53 | 3,186.43 | 27.02% | 23.15% | 44.50% | 15.35% |
| BSE | 5,148.10 | 2,475.30 | 59.07% | 56.26% | 78.30% | 77.03% |
| CG Power | 12,662.22 | 1,196.73 | 25.73% | 23.06% | 17.42% | 14.66% |
Check the Univest Screener for live data on these high return stocks
Institutional Holding in M&M, TVS Motor, BSE and CG Power
Institutional holding shows who is backing these high return stocks alongside the promoter. The table uses the latest reported quarter for each. M&M has the deepest institutional backing, with FII and DII together holding 67.54% as of June 2026. Domestic institutions increased their holding over the past year in M&M (from 29.59% to 32.65%), TVS Motor (from 18.81% to 21.13%), BSE (from 13.51% to 24.15%) and CG Power (from 16.33% to 18.30%).
| Stock | Promoter | FII | DII | Public | Quarter |
|---|---|---|---|---|---|
| M&M | 18.45% | 34.89% | 32.65% | 14.01% | June 2026 |
| TVS Motor | 50.27% | 20.45% | 21.13% | 8.15% | June 2026 |
| BSE | Nil | 21.32% | 24.15% | 54.53% | June 2026 |
| CG Power | 56.36% | 11.97% | 18.30% | 13.37% | June 2026 |
Risks to Weigh in High Return Stocks
Being careful with high return 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: CG Power trades at a PE of 103.94 against an industry PE of 45.89, 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 High Return Stocks
Picking from high return 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 (23.62 to 45.89) 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.
Download the Univest iOS App or Univest Android App to track M&M, TVS Motor, BSE and CG Power live prices.
Conclusion
Among high return stocks, M&M stands out for the lowest PE of the group at 17.19, TVS Motor for the strongest latest-quarter profit growth at 64.52%, BSE for the highest return on equity at 37.42% and CG Power for a nearly debt-free balance sheet, with a debt-to-equity ratio of 0.01. 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 return 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 Return Stocks to Watch
Which are the best high return stocks to watch for multibagger potential?
Ans. M&M, TVS Motor, BSE and CG Power are the 4 names this list highlights, with market caps of Rs 3,48,064 crore, Rs 1,91,289 crore, Rs 1,39,823 crore and Rs 1,28,873 crore respectively. M&M is notable for the lowest PE of the group at 17.19. TVS Motor stands out for the strongest latest-quarter profit growth at 64.52%. BSE offers the highest return on equity at 37.42%. CG Power brings a nearly debt-free balance sheet, with a debt-to-equity ratio of 0.01. These are watchlist names for high return stocks, not recommendations, so match each one to your own risk profile and time horizon.
Is BSE a good stock for long-term investors?
Ans. BSE has a return on equity of 37.42%, a PE of 49.55 against an industry PE of 42.42 and a market cap of Rs 1,39,823 crore. Net profit has compounded at 78.30% a year since FY22, and FY26 revenue rose 59.07% while June 2026 quarter net profit grew 62.15%. Long-term returns in high return stocks depend on earnings growth and the price paid at entry, so staggering purchases and consulting a SEBI-registered advisor is sensible.
Can TVS Motor become a multibagger from here?
Ans. TVS Motor has already gained 598.75% in five years, so another multi-fold move would need sustained earnings growth. A multibagger outcome in high return stocks requires earnings to keep growing faster than the market for several years. Net profit has compounded at 44.50% a year since FY22, and FY26 revenue rose 27.02%. At a PE of 53.12 against an industry PE of 23.62, valuation should be checked against that growth before investing.
What is the market cap of M&M, TVS Motor, BSE and CG Power?
Ans. As of 22 October 2026, M&M has a market cap of Rs 3,48,064 crore, TVS Motor has a market cap of Rs 1,91,289 crore, BSE has a market cap of Rs 1,39,823 crore and CG Power has a market cap of Rs 1,28,873 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 high return stocks.
What are the risks of investing in high return 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. CG Power trades at a PE of 103.94 against an industry PE of 45.89, so earnings growth needs to hold up.
Why is CG Power trading at a PE of 103.94?
Ans. CG Power’s PE of 103.94 compares with an industry PE of 45.89. The market is paying a premium for a return on equity of 15.13%, profit growth of 17.42% a year since FY22 and latest-quarter profit growth of 15.52%, which also means the stock is more sensitive if growth slows. Investors in high return 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 M&M, TVS Motor, BSE and CG Power?
Ans. As of the latest reported quarter, FII and DII together hold 67.54% of M&M (34.89% and 32.65%), 41.58% of TVS Motor (20.45% and 21.13%), 45.47% of BSE (21.32% and 24.15%) and 30.27% of CG Power (11.97% and 18.30%). Rising institutional holding is a useful signal in high return stocks, though it should be read with earnings trends rather than on its own.
