4 Largecap Quarterly Operating Margin Above 20 Per Cent Stocks to Watch for Future Multibagger Potential: Hindustan Zinc, Pidilite, Indian Hotels and Marico
- October 28, 2026
- Posted by: Manan Bisht
- Category: Best Stocks
Hindustan Zinc Rs 492.50. Pidilite Rs 1,450. Indian Hotels Rs 812.85. Marico Rs 776.15. Market caps from Rs 1.03 lakh crore to Rs 2.13 lakh crore. Data as of 27 Oct 2026.
Quick Answer
Hindustan Zinc, Pidilite, Indian Hotels and Marico are the 4 picks in this quarterly operating margin above 20 per cent stocks watchlist, with market caps between Rs 1.03 lakh crore and Rs 2.13 lakh crore. Hindustan Zinc stands out for the highest return on equity at 61.13%, while Pidilite offers the fastest profit growth, 19.62% a year since FY22. PE ratios run from 12.47 to 56.05, so compare each one with its industry PE before investing. All figures are as of 27 October 2026.
Quarterly operating margin above 20 per cent stocks to watch for multibagger potential start with a simple filter: size, a clean financial record and earnings that keep growing. Hindustan Zinc, Pidilite, Indian Hotels and Marico meet that test, with market caps from Rs 1.03 lakh crore to Rs 2.13 lakh crore and Hindustan Zinc offering the highest return on equity at 61.13%. Each of these companies has a latest quarter operating profit margin above 20 per cent, 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 latest quarter operating profit margin above 20 per cent, 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 quarterly operating margin above 20 per cent stocks usually begin with size and balance sheet strength, and this list follows the same logic. All figures are as of 27 October 2026 and are drawn from NSE and BSE data and company filings.
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What Are Quarterly Operating Margin Above 20 Per Cent Stocks and Why Do They Attract Multibagger Interest?
Quarterly operating margin above 20 per cent stocks are shares of large companies that kept more than 20 paise of operating profit from every rupee of sales in the latest quarter, a margin that shows strong pricing power and cost control. The four here cover zinc mining, adhesives, hotels and consumer products.
A margin above 20 per cent in the latest quarter shows that a business is earning well on its sales right now, not just on paper last year. For quarterly operating margin above 20 per cent stocks, both FY26 and the latest quarter showed growth. Whichever way you read quarterly operating margin above 20 per cent stocks, the common thread is rising profit backed by complete financial data. Investors researching quarterly operating margin above 20 per cent stocks get a fuller picture by reading growth and valuation together. The table below lines up quarterly operating margin above 20 per cent stocks on size, growth and valuation, using complete FY26 and latest quarter numbers. Past performance does not guarantee future returns, so use quarterly operating margin above 20 per cent stocks as a starting point for your own research.
Quarterly Operating Margin Above 20 Per Cent Stocks at a Glance: Price, Market Cap, PE and ROE
Prices are closing prices as of 27 October 2026. Hindustan Zinc combines the lowest PE of the group, 12.47, with the highest return on equity, 61.13%.
| Stock | CMP (Rs) | Market Cap (Rs Cr) | PE | Industry PE | ROE | Debt to Equity | 52-Week Range (Rs) |
|---|---|---|---|---|---|---|---|
| Hindustan Zinc | 492.50 | 2,12,958 | 12.47 | 12.27 | 61.13% | 0.39 | 412.25 to 609.05 |
| Pidilite Industries | 1,450 | 1,49,979 | 56.05 | 36.15 | 22.61% | 0.04 | 1,259.00 to 1,707.50 |
| Indian Hotels Company | 812.85 | 1,12,659 | 48.79 | 36.77 | 15.97% | 0.22 | 568.70 to 971.00 |
| Marico | 776.15 | 1,02,556 | 52.55 | 34.68 | 41.85% | 0.13 | 705.20 to 889.10 |
Hindustan Zinc: Return on Equity of 61.13%
Hindustan Zinc is among the world’s largest integrated zinc producers and also produces lead and silver. It reported FY26 revenue of Rs 41,934 crore, up 19.59% year on year, and net profit of Rs 13,832 crore, up 33.60%. Net profit has compounded at 9.48% a year since FY22, while revenue has grown 8.15% a year. Operating margin was 56.75% in FY26. The debt-to-equity ratio is 0.39.
In the June 2026 quarter, revenue rose 74.70% to Rs 14,063 crore and net profit grew 144.81% to Rs 5,469 crore. Foreign investors raised their holding from 1.31% in September 2025 to 2.36% in September 2026. The stock trades at a PE of 12.47 against an industry PE of 12.27, with a return on equity of 61.13%. The dividend yield is 1.99%.
Pidilite: Return on Equity of 22.61%
Pidilite Industries makes Fevicol, Dr. Fixit and other adhesives and construction chemicals. It reported FY26 revenue of Rs 14,867.01 crore, up 11.05% year on year, and net profit of Rs 2,470.72 crore, up 17.87%. Net profit has compounded at 19.62% a year since FY22, while revenue has grown 10.54% a year. Operating margin was 25.81% in FY26. The debt-to-equity ratio is 0.04, which keeps interest costs low.
The stock trades at a PE of 56.05 against an industry PE of 36.15, with a return on equity of 22.61%. In the June 2026 quarter, revenue rose 20.96% to Rs 4,643.55 crore and net profit grew 30.29% to Rs 883.51 crore. Domestic institutions raised their holding from 9.15% in June 2025 to 9.88% in June 2026.
Indian Hotels: Quarterly Profit Up 22.39%
Indian Hotels Company, part of the Tata Group, runs Taj, SeleQtions, Vivanta and Ginger hotels and resorts. It reported FY26 revenue of Rs 9,971.43 crore, up 16.42% year on year, and net profit of Rs 2,195.14 crore, up 11.93%. Revenue has compounded at 32.74% a year since FY22. Operating margin was 35.53% in FY26. The debt-to-equity ratio is 0.22.
In the June 2026 quarter, revenue rose 15.09% to Rs 2,419.37 crore and net profit grew 22.39% to Rs 390.93 crore. The share price has gained 658.38% over five years. Domestic institutions raised their holding from 18.52% in June 2025 to 24.59% in June 2026. The stock trades at a PE of 48.79 against an industry PE of 36.77, with a return on equity of 15.97%.
Marico: Revenue Up 25.15% in FY26
Marico owns consumer brands such as Parachute, Saffola and Nihar and sells hair care, edible oils and food products in India and abroad. It reported FY26 revenue of Rs 13,815 crore, up 25.15% year on year, and net profit of Rs 1,813 crore, up 9.35%. Net profit has compounded at 9.63% a year since FY22, while revenue has grown 9.50% a year. Operating margin was 16.21% in FY26. The debt-to-equity ratio is 0.13, which keeps interest costs low.
The stock trades at a PE of 52.55 against an industry PE of 34.68, with a return on equity of 41.85%. In the June 2026 quarter, revenue rose 22.22% to Rs 4,005 crore and net profit grew 27.10% to Rs 652 crore. Domestic institutions raised their holding from 12.71% in June 2025 to 13.02% in June 2026.
Quarterly Operating Margin Above 20 Per Cent Stocks: Financial Comparison on Growth and Margins
The table compares scale and growth across these quarterly operating margin above 20 per cent 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) |
|---|---|---|---|---|---|---|
| Hindustan Zinc | 41,934 | 13,832 | 19.59% | 8.15% | 74.70% | 64.19% |
| Pidilite | 14,867.01 | 2,470.72 | 11.05% | 10.54% | 20.96% | 28.62% |
| Indian Hotels | 9,971.43 | 2,195.14 | 16.42% | 32.74% | 15.09% | 32.19% |
| Marico | 13,815 | 1,813 | 25.15% | 9.50% | 22.22% | 21.91% |
Institutional Holding in Hindustan Zinc, Pidilite, Indian Hotels and Marico
Institutional holding shows who is backing these quarterly operating margin above 20 per cent stocks alongside the promoter. The table uses the latest reported quarter for each. Indian Hotels has the deepest institutional backing, with FII and DII together holding 46.30% as of June 2026. Domestic institutions increased their holding over the past year in Pidilite (from 9.15% to 9.88%), Indian Hotels (from 18.52% to 24.59%) and Marico (from 12.71% to 13.02%).
| Stock | Promoter | FII | DII | Public | Quarter |
|---|---|---|---|---|---|
| Hindustan Zinc | 60.71% | 2.36% | 4.85% | 32.07% | September 2026 |
| Pidilite | 69.24% | 11.69% | 9.88% | 9.18% | June 2026 |
| Indian Hotels | 38.12% | 21.71% | 24.59% | 15.58% | June 2026 |
| Marico | 58.91% | 23.40% | 13.02% | 4.66% | June 2026 |
Risks to Weigh in Quarterly Operating Margin Above 20 Per Cent Stocks
Being careful with quarterly operating margin above 20 per cent 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: Pidilite trades at a PE of 56.05 against an industry PE of 36.15, 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 Quarterly Operating Margin Above 20 Per Cent Stocks
Picking from quarterly operating margin above 20 per cent 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 (12.27 to 36.77) 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 quarterly operating margin above 20 per cent stocks, Hindustan Zinc stands out for the highest return on equity at 61.13%, Pidilite for the fastest profit growth, 19.62% a year since FY22, Indian Hotels for the biggest five-year price gain at 658.38% and Marico for 25.15% 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 quarterly operating margin above 20 per cent 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 Quarterly Operating Margin Above 20 Per Cent Stocks to Watch
Which are the best quarterly operating margin above 20 per cent stocks to watch for multibagger potential?
Ans. Hindustan Zinc, Pidilite, Indian Hotels and Marico are the 4 names this list highlights, with market caps of Rs 2,12,958 crore, Rs 1,49,979 crore, Rs 1,12,659 crore and Rs 1,02,556 crore respectively. Hindustan Zinc is notable for the highest return on equity at 61.13%. Pidilite stands out for the fastest profit growth, 19.62% a year since FY22. Indian Hotels offers the biggest five-year price gain at 658.38%. Marico brings 25.15% revenue growth in FY26. These are watchlist names for quarterly operating margin above 20 per cent stocks, not recommendations, so match each one to your own risk profile and time horizon.
Is Hindustan Zinc a good stock for long-term investors?
Ans. Hindustan Zinc has a return on equity of 61.13%, a PE of 12.47 against an industry PE of 12.27 and a market cap of Rs 2,12,958 crore. Net profit has compounded at 9.48% a year since FY22, and FY26 revenue rose 19.59% while June 2026 quarter net profit grew 144.81%. Long-term returns in quarterly operating margin above 20 per cent stocks depend on earnings growth and the price paid at entry, so staggering purchases and consulting a SEBI-registered advisor is sensible.
Can Pidilite become a multibagger from here?
Ans. Pidilite has a market cap of Rs 1,49,979 crore. A multibagger outcome in quarterly operating margin above 20 per cent stocks requires earnings to keep growing faster than the market for several years. Net profit has compounded at 19.62% a year since FY22, and FY26 revenue rose 11.05%. At a PE of 56.05 against an industry PE of 36.15, valuation should be checked against that growth before investing.
What is the market cap of Hindustan Zinc, Pidilite, Indian Hotels and Marico?
Ans. As of 27 October 2026, Hindustan Zinc has a market cap of Rs 2,12,958 crore, Pidilite has a market cap of Rs 1,49,979 crore, Indian Hotels has a market cap of Rs 1,12,659 crore and Marico has a market cap of Rs 1,02,556 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 quarterly operating margin above 20 per cent stocks.
What are the risks of investing in quarterly operating margin above 20 per cent 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. Pidilite trades at a PE of 56.05 against an industry PE of 36.15, so earnings growth needs to hold up.
Why is Pidilite trading at a PE of 56.05?
Ans. Pidilite’s PE of 56.05 compares with an industry PE of 36.15. The market is paying a premium for a return on equity of 22.61%, profit growth of 19.62% a year since FY22 and latest-quarter profit growth of 30.29%, which also means the stock is more sensitive if growth slows. Investors in quarterly operating margin above 20 per cent 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 Hindustan Zinc, Pidilite, Indian Hotels and Marico?
Ans. As of the latest reported quarter, FII and DII together hold 7.21% of Hindustan Zinc (2.36% and 4.85%), 21.57% of Pidilite (11.69% and 9.88%), 46.30% of Indian Hotels (21.71% and 24.59%) and 36.42% of Marico (23.40% and 13.02%). Rising institutional holding is a useful signal in quarterly operating margin above 20 per cent stocks, though it should be read with earnings trends rather than on its own.
