4 Largecap Stocks With 10-20 Per Cent Net Profit Margin to Watch for Future Multibagger Potential: Infosys, NTPC, Pidilite and Varun Beverages
- October 21, 2026
- Posted by: Manan Bisht
- Category: Best Stocks
Infosys Rs 1,130.70. NTPC Rs 309. Pidilite Rs 1,482.60. Varun Beverages Rs 420.55. Market caps from Rs 1.49 lakh crore to Rs 4.42 lakh crore. Data as of 20 Oct 2026.
Quick Answer
Infosys, NTPC, Pidilite and Varun Beverages are the 4 picks in this stocks with 10-20 per cent net profit margin watchlist, with market caps between Rs 1.49 lakh crore and Rs 4.42 lakh crore. Infosys stands out for the highest return on equity at 33.24%, while NTPC offers the lowest PE of the group at 10.75. PE ratios run from 10.75 to 57.31, so compare each one with its industry PE before investing. All figures are as of 20 October 2026.
Stocks with 10-20 per cent net profit margin to watch for multibagger potential start with a simple filter: size, a clean financial record and earnings that keep growing. Infosys, NTPC, Pidilite and Varun Beverages meet that test, with market caps from Rs 1.49 lakh crore to Rs 4.42 lakh crore and Infosys offering the highest return on equity at 33.24%. Each of these companies turned 10 to 20 per cent of FY26 revenue into net profit, and net profit rose in FY26 and in the latest quarter.
This list covers companies with an FY26 net profit margin between 10 and 20 per cent, rising profit in FY26 and the latest quarter, and market capitalisation above Rs 1,00,000 crore. Each company has a market cap above Rs 1 lakh crore. Investors screening stocks with 10-20 per cent net profit margin usually begin with size and balance sheet strength, and this list follows the same logic. All figures are as of 20 October 2026 and are drawn from NSE and BSE data and company filings.
Click Here – Get Free Investment Predictions
What Are Stocks With 10-20 Per Cent Net Profit Margin and Why Do They Attract Multibagger Interest?
Stocks with 10-20 per cent net profit margin are shares of companies that keep 10 to 20 paise of profit from every rupee of sales after all costs. The four here cover IT services, power, adhesives and beverages.
A healthy net margin shows efficient operations and pricing power. For stocks with 10-20 per cent net profit margin, the margin together with rising profit is the point of interest. Whichever way you read stocks with 10-20 per cent net profit margin, the common thread is rising profit backed by complete financial data. For stocks with 10-20 per cent net profit margin, checking each result against the latest quarter matters more than any single ratio. The next sections explain what stands out in each of stocks with 10-20 per cent net profit margin, using FY26 and latest quarter data. Prices move daily, so recheck the figures for stocks with 10-20 per cent net profit margin before you decide.
Stocks With 10-20 Per Cent Net Profit Margin at a Glance: Price, Market Cap, PE and ROE
Prices are closing prices as of 20 October 2026. NTPC has the lowest PE of the group at 10.75, while Infosys posts the highest return on equity at 33.24%.
| Stock | CMP (Rs) | Market Cap (Rs Cr) | PE | Industry PE | ROE | Debt to Equity | 52-Week Range (Rs) |
|---|---|---|---|---|---|---|---|
| Infosys | 1,130.70 | 4,41,906 | 14.57 | 18.27 | 33.24% | 0.10 | 980.40 to 1,728.00 |
| NTPC | 309 | 3,04,475 | 10.75 | 21.61 | 13.31% | 1.33 | 305.70 to 414.40 |
| Pidilite Industries | 1,482.60 | 1,53,351 | 57.31 | 36.15 | 22.61% | 0.04 | 1,259.00 to 1,707.50 |
| Varun Beverages | 420.55 | 1,49,439 | 43.83 | 34.68 | 15.51% | 0.13 | 381.00 to 555.80 |
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.
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. 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%.
NTPC: Five-Year Gain of 110.40%
NTPC is India’s largest power generation company and is growing its renewable energy portfolio. It reported FY26 revenue of Rs 1,89,798.56 crore and net profit of Rs 30,009.98 crore, up 48.19%. Net profit has compounded at 18.01% a year since FY22, while revenue has grown 8.89% a year. Operating margin was 32.45% in FY26.
The stock trades at a PE of 10.75 against an industry PE of 21.61, below the sector average, with a return on equity of 13.31%. The dividend yield is 2.87%. In the June 2026 quarter, revenue rose 6.94% to Rs 51,141.51 crore and net profit grew 12.90% to Rs 6,896.44 crore. The share price has gained 110.40% over five years. Domestic institutions raised their holding from 28.92% in June 2025 to 29.44% in June 2026.
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.
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. The stock trades at a PE of 57.31 against an industry PE of 36.15, with a return on equity of 22.61%.
Varun Beverages: 42.33% Profit CAGR Since CY21
Varun Beverages is among the largest PepsiCo franchisees outside the United States, bottling and distributing beverages in India and abroad. It reported CY25 revenue of Rs 22,037.73 crore, up 9.48% year on year, and net profit of Rs 3,062.04 crore, up 16.24%. Net profit has compounded at 42.33% a year since CY21, while revenue has grown 25.47% a year. Operating margin was 24.40% in CY25. The debt-to-equity ratio is 0.13, which keeps interest costs low.
The stock trades at a PE of 43.83 against an industry PE of 34.68, with a return on equity of 15.51%. In the June 2026 quarter, revenue rose 20.92% to Rs 8,754.95 crore and net profit grew 15.08% to Rs 1,525.36 crore. The share price has gained 257.59% over five years. Domestic institutions raised their holding from 11.79% in September 2025 to 16.34% in September 2026.
Stocks With 10-20 Per Cent Net Profit Margin: Financial Comparison on Growth and Margins
The table compares scale and growth across these stocks with 10-20 per cent net profit margin. 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) | 4-Year Revenue CAGR | 4-Year Net Profit CAGR | Latest Quarter Revenue Growth | Operating Margin (Latest Quarter) |
|---|---|---|---|---|---|---|
| Infosys | 1,82,972 | 29,474 | 10.23% | 7.41% | 13.56% | 25.71% |
| NTPC | 1,89,798.56 | 30,009.98 | 8.89% | 18.01% | 6.94% | 35.04% |
| Pidilite | 14,867.01 | 2,470.72 | 10.54% | 19.62% | 20.96% | 28.62% |
| Varun Beverages | 22,037.73 (CY25) | 3,062.04 (CY25) | 25.47% | 42.33% | 20.92% | 28.24% |
Check the Univest Screener for live data on these stocks with 10-20 per cent net profit margin
Institutional Holding in Infosys, NTPC, Pidilite and Varun Beverages
Institutional holding shows who is backing these stocks with 10-20 per cent net profit margin alongside the promoter. The table uses the latest reported quarter for each. Infosys has the deepest institutional backing, with FII and DII together holding 70.05% as of June 2026. Domestic institutions increased their holding over the past year in Infosys (from 39.60% to 42.96%), NTPC (from 28.92% to 29.44%), Pidilite (from 9.15% to 9.88%) and Varun Beverages (from 11.79% to 16.34%).
| Stock | Promoter | FII | DII | Public | Quarter |
|---|---|---|---|---|---|
| Infosys | 13.82% | 27.09% | 42.96% | 16.13% | June 2026 |
| NTPC | 51.10% | 16.30% | 29.44% | 3.15% | June 2026 |
| Pidilite | 69.24% | 11.69% | 9.88% | 9.18% | June 2026 |
| Varun Beverages | 59.43% | 17.53% | 16.34% | 6.70% | September 2026 |
Risks to Weigh in Stocks With 10-20 Per Cent Net Profit Margin
Being careful with stocks with 10-20 per cent net profit margin 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 57.31 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 Stocks With 10-20 Per Cent Net Profit Margin
Picking from stocks with 10-20 per cent net profit margin 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 (18.27 to 36.15) 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 Infosys, NTPC, Pidilite and Varun Beverages live prices.
Conclusion
Among stocks with 10-20 per cent net profit margin, Infosys stands out for the highest return on equity at 33.24%, NTPC for the lowest PE of the group at 10.75, Pidilite for the strongest latest-quarter profit growth at 30.29% and Varun Beverages for the fastest profit growth, 42.33% a year since CY21. 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 stocks with 10-20 per cent net profit margin 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 Stocks With 10-20 Per Cent Net Profit Margin to Watch
Which are the best stocks with 10-20 per cent net profit margin to watch for multibagger potential?
Ans. Infosys, NTPC, Pidilite and Varun Beverages are the 4 names this list highlights, with market caps of Rs 4,41,906 crore, Rs 3,04,475 crore, Rs 1,53,351 crore and Rs 1,49,439 crore respectively. Infosys is notable for the highest return on equity at 33.24%. NTPC stands out for the lowest PE of the group at 10.75. Pidilite offers the strongest latest-quarter profit growth at 30.29%. Varun Beverages brings the fastest profit growth, 42.33% a year since CY21. These are watchlist names for stocks with 10-20 per cent net profit margin, 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 stocks with 10-20 per cent net profit margin depend on earnings growth and the price paid at entry, so staggering purchases and consulting a SEBI-registered advisor is sensible.
Can Varun Beverages become a multibagger from here?
Ans. Varun Beverages has already gained 257.59% in five years, so another multi-fold move would need sustained earnings growth. A multibagger outcome in stocks with 10-20 per cent net profit margin requires earnings to keep growing faster than the market for several years. Net profit has compounded at 42.33% a year since CY21, and CY25 revenue rose 9.48%. At a PE of 43.83 against an industry PE of 34.68, valuation should be checked against that growth before investing.
What is the market cap of Infosys, NTPC, Pidilite and Varun Beverages?
Ans. As of 20 October 2026, Infosys has a market cap of Rs 4,41,906 crore, NTPC has a market cap of Rs 3,04,475 crore, Pidilite has a market cap of Rs 1,53,351 crore and Varun Beverages has a market cap of Rs 1,49,439 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 stocks with 10-20 per cent net profit margin.
What are the risks of investing in stocks with 10-20 per cent net profit margin?
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 57.31 against an industry PE of 36.15, so earnings growth needs to hold up.
Why is Pidilite trading at a PE of 57.31?
Ans. Pidilite’s PE of 57.31 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 stocks with 10-20 per cent net profit margin who are comfortable with higher valuation risk may prefer to stagger purchases instead of investing in one go.
How much do institutions hold in Infosys, NTPC, Pidilite and Varun Beverages?
Ans. As of the latest reported quarter, FII and DII together hold 70.05% of Infosys (27.09% and 42.96%), 45.74% of NTPC (16.30% and 29.44%), 21.57% of Pidilite (11.69% and 9.88%) and 33.87% of Varun Beverages (17.53% and 16.34%). Rising institutional holding is a useful signal in stocks with 10-20 per cent net profit margin, though it should be read with earnings trends rather than on its own.
