4 Largecap Low PE Stocks With DII Holding Above 30 Per Cent to Watch for Future Multibagger Potential: HDFC Bank, ICICI Bank, L&T and Infosys
- October 22, 2026
- Posted by: Manan Bisht
- Category: Best Stocks
HDFC Bank Rs 706.95. ICICI Bank Rs 1,385. L&T Rs 3,636. Infosys Rs 1,168. Market caps from Rs 4.42 lakh crore to Rs 11.23 lakh crore. Data as of 21 Oct 2026.
Quick Answer
HDFC Bank, ICICI Bank, L&T and Infosys are the 4 picks in this low PE stocks with DII holding above 30 per cent watchlist, with market caps between Rs 4.42 lakh crore and Rs 11.23 lakh crore. HDFC Bank stands out for the lowest PE of the group at 13.61, while ICICI Bank offers the fastest profit growth, 22.29% a year since FY22. PE ratios run from 13.61 to 25.49, so compare each one with its industry PE before investing. All figures are as of 21 October 2026.
Low PE stocks with DII holding above 30 per cent to watch for multibagger potential start with a simple filter: size, a clean financial record and earnings that keep growing. HDFC Bank, ICICI Bank, L&T and Infosys meet that test, with market caps from Rs 4.42 lakh crore to Rs 11.23 lakh crore and HDFC Bank offering the lowest PE of the group at 13.61. Each of these companies has a PE ratio below 30 and domestic institutional holding above 30 per cent in the latest shareholding data, and net profit rose in FY26 and in the latest quarter.
This list covers companies with a PE ratio below 30 and domestic institutional holding above 30 per cent in the latest shareholding data, 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 low PE stocks with DII holding above 30 per cent usually begin with size and balance sheet strength, and this list follows the same logic. All figures are as of 21 October 2026 and are drawn from NSE and BSE data and company filings.
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What Are Low PE Stocks With DII Holding Above 30 Per Cent and Why Do They Attract Multibagger Interest?
Low PE stocks with DII holding above 30 per cent are shares that Indian mutual funds and insurers own in large amounts at moderate valuations. The four here cover two private banks, engineering and construction, and IT services.
Heavy domestic fund holding shows steady local demand for the stock. For low PE stocks with DII holding above 30 per cent, rising profit adds to the case. Whichever way you read low PE stocks with DII holding above 30 per cent, the common thread is rising profit backed by complete financial data. A sensible way to study low PE stocks with DII holding above 30 per cent is to look at profit growth, returns and valuation side by side. Below, each of low PE stocks with DII holding above 30 per cent gets its own breakdown of growth, returns and valuation. Treat low PE stocks with DII holding above 30 per cent as a research list, since share prices and rankings change with every earnings season.
Low PE Stocks With DII Holding Above 30 Per Cent at a Glance: Price, Market Cap, PE, ROE and Price to Book
Prices are closing prices as of 21 October 2026. HDFC Bank has the lowest PE of the group at 13.61, while Infosys posts the highest return on equity at 33.24%.
| Stock | CMP (Rs) | Market Cap (Rs Cr) | PE | Industry PE | ROE | Price to Book | 52-Week Range (Rs) |
|---|---|---|---|---|---|---|---|
| HDFC Bank | 706.95 | 11,22,628 | 13.61 | 11.94 | 13.14% | 1.87 | 681.90 to 1,020.50 |
| ICICI Bank | 1,385 | 9,61,516 | 16.09 | 12.05 | 15.00% | 2.57 | 1,187.60 to 1,480.00 |
| Larsen & Toubro | 3,636 | 5,00,275 | 25.49 | 22.89 | 14.72% | 4.58 | 3,288.10 to 4,440.00 |
| Infosys | 1,168 | 4,41,906 | 14.57 | 18.27 | 33.24% | 5.12 | 980.40 to 1,728.00 |
HDFC Bank: 20.04% Profit CAGR Since FY22
HDFC Bank is India’s largest private sector bank by assets and serves retail, business and corporate customers through a wide branch and digital network. It reported FY26 total income of Rs 4,95,462.81 crore, up 5.21% year on year, and net profit of Rs 79,219.46 crore, up 7.87%. Net profit has compounded at 20.04% a year since FY22, while total income has grown 31.11% a year.
In the September 2026 quarter, total income rose 9.11% to Rs 1,29,358.69 crore and net profit grew 5.76% to Rs 21,537.09 crore. Domestic institutions raised their holding from 36.26% in September 2025 to 43.63% in September 2026. The stock trades at a PE of 13.61 against an industry PE of 11.94, with a return on equity of 13.14%. The dividend yield is 2.13%.
ICICI Bank: 22.29% Profit CAGR Since FY22
ICICI Bank is one of the largest private sector banks in India, with a strong retail and digital franchise. It reported FY26 total income of Rs 3,12,118.36 crore, up 5.95% year on year, and net profit of Rs 57,673.39 crore, up 5.98%. Net profit has compounded at 22.29% a year since FY22, while total income has grown 18.64% a year.
The stock trades at a PE of 16.09 against an industry PE of 12.05, with a return on equity of 15.00%. In the June 2026 quarter, total income rose 6.86% to Rs 79,689.22 crore and net profit grew 12.62% to Rs 16,209.74 crore. The share price has gained 85.57% over five years. Foreign investors raised their holding from 45.56% in September 2025 to 50.44% in September 2026.
L&T: Five-Year Gain of 104.68%
Larsen & Toubro is the largest engineering and construction company in India, with additional businesses in IT services and infrastructure projects. It reported FY26 revenue of Rs 2,91,635.04 crore, up 12.23% year on year, and net profit of Rs 19,159.40 crore, up 8.32%. Net profit has compounded at 16.81% a year since FY22, while revenue has grown 16.41% a year. Operating margin was 14.13% in FY26.
In the June 2026 quarter, revenue rose 8.12% to Rs 70,318.47 crore and net profit grew 15.20% to Rs 4,982.85 crore. The share price has gained 104.68% over five years. The stock trades at a PE of 25.49 against an industry PE of 22.89, with a return on equity of 14.72%.
Infosys: Return on Equity of 33.24%
Infosys is a large IT services and consulting company that has built an AI-first offering around its Topaz platform. It reported FY26 revenue of Rs 1,82,972 crore, up 9.83% year on year, and net profit of Rs 29,474 crore, up 10.18%. Net profit has compounded at 7.41% a year since FY22, while revenue has grown 10.23% a year. Operating margin was 25.36% in FY26. The debt-to-equity ratio is 0.10, which keeps interest costs low.
The stock trades at a PE of 14.57 against an industry PE of 18.27, below the sector average, with a return on equity of 33.24%. The dividend yield is 4.40%. In the June 2026 quarter, revenue rose 13.56% to Rs 49,195 crore and net profit grew 12.29% to Rs 7,775 crore. Domestic institutions raised their holding from 39.60% in June 2025 to 42.96% in June 2026.
Low PE Stocks With DII Holding Above 30 Per Cent: Financial Comparison on Growth and Margins
The table compares scale and growth across these low PE stocks with DII holding above 30 per cent. 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 |
|---|---|---|---|---|---|
| HDFC Bank | 4,95,462.81 | 79,219.46 | 5.21% | 31.11% | 20.04% |
| ICICI Bank | 3,12,118.36 | 57,673.39 | 5.95% | 18.64% | 22.29% |
| L&T | 2,91,635.04 | 19,159.40 | 12.23% | 16.41% | 16.81% |
| Infosys | 1,82,972 | 29,474 | 9.83% | 10.23% | 7.41% |
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Institutional Holding in HDFC Bank, ICICI Bank, L&T and Infosys
Institutional holding shows who is backing these low PE stocks with DII holding above 30 per cent alongside the promoter. The table uses the latest reported quarter for each. ICICI Bank has the deepest institutional backing, with FII and DII together holding 92.22% as of September 2026. Domestic institutions increased their holding over the past year in HDFC Bank (from 36.26% to 43.63%) and Infosys (from 39.60% to 42.96%).
| Stock | Promoter | FII | DII | Public | Quarter |
|---|---|---|---|---|---|
| HDFC Bank | Nil | 39.40% | 43.63% | 16.97% | September 2026 |
| ICICI Bank | Nil | 50.44% | 41.78% | 7.78% | September 2026 |
| L&T | Nil | 19.13% | 43.02% | 37.85% | June 2026 |
| Infosys | 13.82% | 27.09% | 42.96% | 16.13% | June 2026 |
Risks to Weigh in Low PE Stocks With DII Holding Above 30 Per Cent
Being careful with low PE stocks with DII holding above 30 per cent 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: ICICI Bank trades at a PE of 16.09 against an industry PE of 12.05, 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 Low PE Stocks With DII Holding Above 30 Per Cent
Picking from low PE stocks with DII holding above 30 per cent 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 (11.94 to 22.89) 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.
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Conclusion
Among low PE stocks with DII holding above 30 per cent, HDFC Bank stands out for the lowest PE of the group at 13.61, ICICI Bank for the fastest profit growth, 22.29% a year since FY22, L&T for the biggest five-year price gain at 104.68% and Infosys for the highest return on equity at 33.24%. 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 low PE stocks with DII holding above 30 per cent 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 Low PE Stocks With DII Holding Above 30 Per Cent to Watch
Which are the best low PE stocks with DII holding above 30 per cent to watch for multibagger potential?
Ans. HDFC Bank, ICICI Bank, L&T and Infosys are the 4 names this list highlights, with market caps of Rs 11,22,628 crore, Rs 9,61,516 crore, Rs 5,00,275 crore and Rs 4,41,906 crore respectively. HDFC Bank is notable for the lowest PE of the group at 13.61. ICICI Bank stands out for the fastest profit growth, 22.29% a year since FY22. L&T offers the biggest five-year price gain at 104.68%. Infosys brings the highest return on equity at 33.24%. These are watchlist names for low PE stocks with DII holding above 30 per cent, not recommendations, so match each one to your own risk profile and time horizon.
Is Infosys a good stock for long-term investors?
Ans. Infosys has a return on equity of 33.24%, a PE of 14.57 against an industry PE of 18.27 and a market cap of Rs 4,41,906 crore. Net profit has compounded at 7.41% a year since FY22, and FY26 revenue rose 9.83% while June 2026 quarter net profit grew 12.29%. Long-term returns in low PE stocks with DII holding above 30 per cent depend on earnings growth and the price paid at entry, so staggering purchases and consulting a SEBI-registered advisor is sensible.
Can ICICI Bank become a multibagger from here?
Ans. ICICI Bank has already gained 85.57% in five years, so another multi-fold move would need sustained earnings growth. A multibagger outcome in low PE stocks with DII holding above 30 per cent requires earnings to keep growing faster than the market for several years. Net profit has compounded at 22.29% a year since FY22, and FY26 revenue rose 5.95%. At a PE of 16.09 against an industry PE of 12.05, valuation should be checked against that growth before investing.
What is the market cap of HDFC Bank, ICICI Bank, L&T and Infosys?
Ans. As of 21 October 2026, HDFC Bank has a market cap of Rs 11,22,628 crore, ICICI Bank has a market cap of Rs 9,61,516 crore, L&T has a market cap of Rs 5,00,275 crore and Infosys has a market cap of Rs 4,41,906 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 low PE stocks with DII holding above 30 per cent.
What are the risks of investing in low PE stocks with DII holding above 30 per cent?
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. ICICI Bank trades at a PE of 16.09 against an industry PE of 12.05, so earnings growth needs to hold up.
Why is ICICI Bank trading at a PE of 16.09?
Ans. ICICI Bank’s PE of 16.09 compares with an industry PE of 12.05. The market is paying a premium for a return on equity of 15.00%, profit growth of 22.29% a year since FY22 and latest-quarter profit growth of 12.62%, which also means the stock is more sensitive if growth slows. Investors in low PE stocks with DII holding above 30 per cent who are comfortable with higher valuation risk may prefer to stagger purchases instead of investing in one go.
How much do institutions hold in HDFC Bank, ICICI Bank, L&T and Infosys?
Ans. As of the latest reported quarter, FII and DII together hold 83.03% of HDFC Bank (39.40% and 43.63%), 92.22% of ICICI Bank (50.44% and 41.78%), 62.15% of L&T (19.13% and 43.02%) and 70.05% of Infosys (27.09% and 42.96%). Rising institutional holding is a useful signal in low PE stocks with DII holding above 30 per cent, though it should be read with earnings trends rather than on its own.
