4 Largecap Stocks With PB Between 6 and 10 to Watch for Future Multibagger Potential: TCS, HAL, Avenue Supermarts and Indian Hotels
- October 27, 2026
- Posted by: Manan Bisht
- Category: Best Stocks
TCS Rs 2,535. HAL Rs 4,775. Avenue Supermarts Rs 3,150. Indian Hotels Rs 795.50. Market caps from Rs 1.10 lakh crore to Rs 8.42 lakh crore. Data as of 26 Oct 2026.
Quick Answer
TCS, HAL, Avenue Supermarts and Indian Hotels are the 4 picks in this stocks with PB between 6 and 10 watchlist, with market caps between Rs 1.10 lakh crore and Rs 8.42 lakh crore. TCS stands out for the highest return on equity at 43.37%, while HAL offers a nearly debt-free balance sheet, with a debt-to-equity ratio of 0.00. PE ratios run from 16.24 to 67.38, so compare each one with its industry PE before investing. All figures are as of 26 October 2026.
Stocks with PB between 6 and 10 to watch for multibagger potential start with a simple filter: size, a clean financial record and earnings that keep growing. TCS, HAL, Avenue Supermarts and Indian Hotels meet that test, with market caps from Rs 1.10 lakh crore to Rs 8.42 lakh crore and TCS offering the highest return on equity at 43.37%. Each of these companies has a price to book ratio between 6 and 10, 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 price to book ratio between 6 and 10, 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 stocks with PB between 6 and 10 usually begin with size and balance sheet strength, and this list follows the same logic. All figures are as of 26 October 2026 and are drawn from NSE and BSE data and company filings.
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What Are Stocks With PB Between 6 and 10 and Why Do They Attract Multibagger Interest?
Stocks with PB between 6 and 10 are shares that trade at six to ten times book value, a premium that investors pay for large companies with high returns and strong brands. The four here cover IT services, defence aerospace, value retail and hotels.
A price to book ratio in this range reflects investor trust that a company can earn high returns on its capital for years. For stocks with PB between 6 and 10, both FY26 and the latest quarter showed growth. Investors researching stocks with PB between 6 and 10 get a fuller picture by reading growth and valuation together. The table below lines up stocks with PB between 6 and 10 on size, growth and valuation, using complete FY26 and latest quarter numbers. Past performance does not guarantee future returns, so use stocks with PB between 6 and 10 as a starting point for your own research.
Stocks With PB Between 6 and 10 at a Glance: Price, Market Cap, PE and ROE
Prices are closing prices as of 26 October 2026. TCS combines the lowest PE of the group, 16.24, with the highest return on equity, 43.37%.
| Stock | CMP (Rs) | Market Cap (Rs Cr) | PE | Industry PE | ROE | Debt to Equity | 52-Week Range (Rs) |
|---|---|---|---|---|---|---|---|
| Tata Consultancy Services | 2,535 | 8,42,220 | 16.24 | 18.27 | 43.37% | 0.10 | 1,976.80 to 3,350.00 |
| Hindustan Aeronautics | 4,775 | 3,26,218 | 35.00 | 48.59 | 22.21% | 0.00 | 3,479.10 to 5,149.90 |
| Avenue Supermarts | 3,150 | 2,09,893 | 67.38 | 64.73 | 11.94% | 0.16 | 3,150.00 to 4,644.00 |
| Indian Hotels Company | 795.50 | 1,10,254 | 47.75 | 36.77 | 15.97% | 0.22 | 568.70 to 971.00 |
TCS: Return on Equity of 43.37%
TCS is India’s largest IT services company by market capitalisation and runs large AI and data practices for global clients. It reported FY26 revenue of Rs 2,71,423 crore, up 4.68% year on year, and net profit of Rs 49,454 crore, up 1.35%. Net profit has compounded at 6.49% a year since FY22, while revenue has grown 8.51% a year. Operating margin was 27.07% in FY26. The debt-to-equity ratio is 0.10, which keeps interest costs low.
In the September 2026 quarter, revenue rose 11.79% to Rs 74,525 crore and net profit grew 14.86% to Rs 13,934 crore. Domestic institutions raised their holding from 12.01% in June 2025 to 13.47% in June 2026. The stock trades at a PE of 16.24 against an industry PE of 18.27, below the sector average, with a return on equity of 43.37%. The dividend yield is 4.73%.
HAL: Return on Equity of 22.21%
Hindustan Aeronautics is India’s state-owned aerospace company that designs, makes and services fighter jets, helicopters, engines and avionics. It reported FY26 revenue of Rs 36,787.95 crore, up 9.68% year on year, and net profit of Rs 9,115.52 crore, up 8.98%. Net profit has compounded at 15.74% a year since FY22, while revenue has grown 9.48% a year. Operating margin was 40.89% in FY26. The debt-to-equity ratio is 0.00, which keeps interest costs low.
The stock trades at a PE of 35.00 against an industry PE of 48.59, below the sector average, with a return on equity of 22.21%. In the June 2026 quarter, revenue rose 15.26% to Rs 6,415.41 crore and net profit grew 14.88% to Rs 1,589.66 crore. The share price has gained 607.71% over five years. Domestic institutions raised their holding from 8.71% in September 2025 to 12.56% in September 2026.
Avenue Supermarts: Profit Compounding at 18.77% a Year
Avenue Supermarts runs the DMart chain of stores that sell groceries and everyday products at low prices. It reported FY26 revenue of Rs 68,894.84 crore, up 15.82% year on year, and net profit of Rs 2,969.86 crore, up 9.69%. Net profit has compounded at 18.77% a year since FY22, while revenue has grown 22.01% a year. Operating margin was 7.07% in FY26. The debt-to-equity ratio is 0.16.
In the September 2026 quarter, revenue rose 17.74% to Rs 19,657.54 crore and net profit grew 8.49% to Rs 742.98 crore. Foreign investors raised their holding from 8.25% in June 2025 to 9.23% in June 2026. The stock trades at a PE of 67.38 against an industry PE of 64.73.
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.
The stock trades at a PE of 47.75 against an industry PE of 36.77, with a return on equity of 15.97%. 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.
Stocks With PB Between 6 and 10: Financial Comparison on Growth and Margins
The table compares scale and growth across these stocks with PB between 6 and 10. 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) |
|---|---|---|---|---|---|---|
| TCS | 2,71,423 | 49,454 | 4.68% | 8.51% | 11.79% | 27.53% |
| HAL | 36,787.95 | 9,115.52 | 9.68% | 9.48% | 15.26% | 44.22% |
| Avenue Supermarts | 68,894.84 | 2,969.86 | 15.82% | 22.01% | 17.74% | 7.16% |
| Indian Hotels | 9,971.43 | 2,195.14 | 16.42% | 32.74% | 15.09% | 32.19% |
Check the Univest Screener for live data on these stocks with PB between 6 and 10
Institutional Holding in TCS, HAL, Avenue Supermarts and Indian Hotels
Institutional holding shows who is backing these stocks with PB between 6 and 10 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 TCS (from 12.01% to 13.47%), HAL (from 8.71% to 12.56%) and Indian Hotels (from 18.52% to 24.59%).
| Stock | Promoter | FII | DII | Public | Quarter |
|---|---|---|---|---|---|
| TCS | 71.77% | 9.06% | 13.47% | 5.70% | June 2026 |
| HAL | 71.64% | 9.42% | 12.56% | 6.38% | September 2026 |
| Avenue Supermarts | 74.48% | 9.23% | 8.74% | 7.55% | June 2026 |
| Indian Hotels | 38.12% | 21.71% | 24.59% | 15.58% | June 2026 |
Risks to Weigh in Stocks With PB Between 6 and 10
Being careful with stocks with PB between 6 and 10 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: Indian Hotels trades at a PE of 47.75 against an industry PE of 36.77, 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 PB Between 6 and 10
Picking from stocks with PB between 6 and 10 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 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.
Download the Univest iOS App or Univest Android App to track TCS, HAL, Avenue Supermarts and Indian Hotels live prices.
Conclusion
Among stocks with PB between 6 and 10, TCS stands out for the highest return on equity at 43.37%, HAL for a nearly debt-free balance sheet, with a debt-to-equity ratio of 0.00, Avenue Supermarts for the fastest profit growth, 18.77% a year since FY22 and Indian Hotels for the biggest five-year price gain at 658.38%. 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 PB between 6 and 10 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 PB Between 6 and 10 to Watch
Which are the best stocks with PB between 6 and 10 to watch for multibagger potential?
Ans. TCS, HAL, Avenue Supermarts and Indian Hotels are the 4 names this list highlights, with market caps of Rs 8,42,220 crore, Rs 3,26,218 crore, Rs 2,09,893 crore and Rs 1,10,254 crore respectively. TCS is notable for the highest return on equity at 43.37%. HAL stands out for a nearly debt-free balance sheet, with a debt-to-equity ratio of 0.00. Avenue Supermarts offers the fastest profit growth, 18.77% a year since FY22. Indian Hotels brings the biggest five-year price gain at 658.38%. These are watchlist names for stocks with PB between 6 and 10, not recommendations, so match each one to your own risk profile and time horizon.
Is TCS a good stock for long-term investors?
Ans. TCS has a return on equity of 43.37%, a PE of 16.24 against an industry PE of 18.27 and a market cap of Rs 8,42,220 crore. Net profit has compounded at 6.49% a year since FY22, and FY26 revenue rose 4.68% while September 2026 quarter net profit grew 14.86%. Long-term returns in stocks with PB between 6 and 10 depend on earnings growth and the price paid at entry, so staggering purchases and consulting a SEBI-registered advisor is sensible.
Can Avenue Supermarts become a multibagger from here?
Ans. Avenue Supermarts has a market cap of Rs 2,09,893 crore. A multibagger outcome in stocks with PB between 6 and 10 requires earnings to keep growing faster than the market for several years. Net profit has compounded at 18.77% a year since FY22, and FY26 revenue rose 15.82%. At a PE of 67.38 against an industry PE of 64.73, valuation should be checked against that growth before investing.
What is the market cap of TCS, HAL, Avenue Supermarts and Indian Hotels?
Ans. As of 26 October 2026, TCS has a market cap of Rs 8,42,220 crore, HAL has a market cap of Rs 3,26,218 crore, Avenue Supermarts has a market cap of Rs 2,09,893 crore and Indian Hotels has a market cap of Rs 1,10,254 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 PB between 6 and 10.
What are the risks of investing in stocks with PB between 6 and 10?
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. Indian Hotels trades at a PE of 47.75 against an industry PE of 36.77, so earnings growth needs to hold up.
Why is Indian Hotels trading at a PE of 47.75?
Ans. Indian Hotels’ PE of 47.75 compares with an industry PE of 36.77. The market is paying a premium for a return on equity of 15.97%, latest-quarter profit growth of 22.39% and FY26 revenue growth of 16.42%, which also means the stock is more sensitive if growth slows. Investors in stocks with PB between 6 and 10 who are comfortable with higher valuation risk may prefer to stagger purchases instead of investing in one go.
How much do institutions hold in TCS, HAL, Avenue Supermarts and Indian Hotels?
Ans. As of the latest reported quarter, FII and DII together hold 22.53% of TCS (9.06% and 13.47%), 21.98% of HAL (9.42% and 12.56%), 17.97% of Avenue Supermarts (9.23% and 8.74%) and 46.30% of Indian Hotels (21.71% and 24.59%). Rising institutional holding is a useful signal in stocks with PB between 6 and 10, though it should be read with earnings trends rather than on its own.
