4 Largecap Stocks With PE Between 30 and 50 to Watch for Future Multibagger Potential: Sun Pharma, UltraTech Cement, Eicher Motors and Polycab
- October 27, 2026
- Posted by: Manan Bisht
- Category: Best Stocks
Sun Pharma Rs 1,740. UltraTech Cement Rs 11,180. Eicher Motors Rs 7,099.50. Polycab Rs 7,739. Market caps from Rs 1.25 lakh crore to Rs 4.18 lakh crore. Data as of 26 Oct 2026.
Quick Answer
Sun Pharma, UltraTech Cement, Eicher Motors and Polycab are the 4 picks in this stocks with PE between 30 and 50 watchlist, with market caps between Rs 1.25 lakh crore and Rs 4.18 lakh crore. Sun Pharma stands out for the fastest profit growth, 35.75% a year since FY22, while UltraTech Cement offers 16.15% revenue growth in FY26. PE ratios run from 33.69 to 42.99, so compare each one with its industry PE before investing. All figures are as of 26 October 2026.
Stocks with PE between 30 and 50 to watch for multibagger potential start with a simple filter: size, a clean financial record and earnings that keep growing. Sun Pharma, UltraTech Cement, Eicher Motors and Polycab meet that test, with market caps from Rs 1.25 lakh crore to Rs 4.18 lakh crore and Sun Pharma offering the fastest profit growth, 35.75% a year since FY22. Each of these companies has a price to earnings ratio between 30 and 50, 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 earnings ratio between 30 and 50, 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 PE between 30 and 50 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 PE Between 30 and 50 and Why Do They Attract Multibagger Interest?
Stocks with PE between 30 and 50 are shares that trade at 30 to 50 times earnings, a premium valuation that markets usually reserve for large companies with durable growth and strong franchises. The four here cover pharmaceuticals, cement, motorcycles and cables.
A premium PE reflects the confidence investors place in a company to keep growing earnings for years. For stocks with PE between 30 and 50, both FY26 and the latest quarter showed growth. Whichever way you read stocks with PE between 30 and 50, the common thread is rising profit backed by complete financial data. With stocks with PE between 30 and 50, comparing valuation, growth and balance sheet strength together works better than relying on one number. Every company in the table below passed a rising-profit check, and the figures for stocks with PE between 30 and 50 are complete. Read each company’s latest results and exchange filings before acting on stocks with PE between 30 and 50.
Stocks With PE Between 30 and 50 at a Glance: Price, Market Cap, PE and ROE
Prices are closing prices as of 26 October 2026. Eicher Motors has the lowest PE of the group at 33.69, while Polycab posts the highest return on equity at 22.25%.
| Stock | CMP (Rs) | Market Cap (Rs Cr) | PE | Industry PE | ROE | Debt to Equity | 52-Week Range (Rs) |
|---|---|---|---|---|---|---|---|
| Sun Pharmaceutical Industries | 1,740 | 4,18,102 | 34.50 | 36.42 | 13.74% | 0.06 | 1,583.70 to 2,046.90 |
| UltraTech Cement | 11,180 | 3,23,092 | 37.70 | 29.41 | 10.66% | 0.31 | 10,325.00 to 13,110.00 |
| Eicher Motors | 7,099.50 | 1,94,501 | 33.69 | 23.82 | 21.97% | 0.02 | 6,442.00 to 8,230.00 |
| Polycab India | 7,739 | 1,24,880 | 42.99 | 49.96 | 22.25% | 0.02 | 6,663.00 to 10,126.00 |
Sun Pharma: 35.75% Profit CAGR Since FY22
Sun Pharmaceutical Industries is one of India’s largest drugmakers and sells generic and specialty medicines in India and overseas. It reported FY26 revenue of Rs 61,673.94 crore, up 12.69% year on year, and net profit of Rs 11,564.52 crore, up 5.32%. Net profit has compounded at 35.75% a year since FY22, while revenue has grown 11.62% a year. Operating margin was 31.47% in FY26. The debt-to-equity ratio is 0.06, which keeps interest costs low.
In the June 2026 quarter, revenue rose 11.93% to Rs 16,023.50 crore and net profit grew 26.41% to Rs 2,910.80 crore. The share price has gained 110.81% over five years. Domestic institutions raised their holding from 20.23% in September 2025 to 22.27% in September 2026. The stock trades at a PE of 34.50 against an industry PE of 36.42, below the sector average, with a return on equity of 13.74%.
UltraTech Cement: Profit Compounding at 3.36% a Year
UltraTech Cement is the largest cement producer in India by capacity, with plants and grinding units across the country. It reported FY26 revenue of Rs 89,089.04 crore, up 16.15% year on year, and net profit of Rs 8,188.35 crore, up 35.58%. Revenue has compounded at 13.81% a year since FY22. Operating margin was 19.71% in FY26. The debt-to-equity ratio is 0.31.
The stock trades at a PE of 37.70 against an industry PE of 29.41. The dividend yield is 2.19%. In the June 2026 quarter, revenue rose 15.49% to Rs 24,778.47 crore and net profit grew 17.24% to Rs 2,603.72 crore. Domestic institutions raised their holding from 16.65% in September 2025 to 20.86% in September 2026.
Eicher Motors: 34.67% Profit CAGR Since FY22
Eicher Motors owns the Royal Enfield brand of premium motorcycles and is a partner in the Eicher commercial vehicle business. It reported FY26 revenue of Rs 24,894.09 crore, up 23.39% year on year, and net profit of Rs 5,515.23 crore, up 16.49%. Net profit has compounded at 34.67% a year since FY22, while revenue has grown 23.39% a year. Operating margin was 34.24% in FY26. The debt-to-equity ratio is 0.02, which keeps interest costs low.
In the June 2026 quarter, revenue rose 29.35% to Rs 7,098.73 crore and net profit grew 21.35% to Rs 1,462.51 crore. The share price has gained 174.76% over five years. The stock trades at a PE of 33.69 against an industry PE of 23.82, with a return on equity of 21.97%.
Polycab: 33.79% Profit CAGR Since FY22
Polycab India is a leading maker of wires and cables in India, with a growing fast-moving electrical goods business. It reported FY26 revenue of Rs 29,120.04 crore, up 28.76% year on year, and net profit of Rs 2,708.43 crore, up 32.41%. Net profit has compounded at 33.79% a year since FY22, while revenue has grown 24.06% a year. Operating margin was 14.69% in FY26. The debt-to-equity ratio is 0.02, which keeps interest costs low.
The stock trades at a PE of 42.99 against an industry PE of 49.96, below the sector average, with a return on equity of 22.25%. In the June 2026 quarter, revenue rose 38.90% to Rs 8,314.65 crore and net profit grew 32.84% to Rs 796.65 crore. The share price has gained 230.55% over five years. Foreign investors raised their holding from 11.44% in June 2025 to 19.00% in June 2026.
Stocks With PE Between 30 and 50: Financial Comparison on Growth and Margins
The table compares scale and growth across these stocks with PE between 30 and 50. 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) |
|---|---|---|---|---|---|---|
| Sun Pharma | 61,673.94 | 11,564.52 | 12.69% | 11.62% | 35.75% | 32.52% |
| UltraTech Cement | 89,089.04 | 8,188.35 | 16.15% | 13.81% | 3.36% | 20.83% |
| Eicher Motors | 24,894.09 | 5,515.23 | 23.39% | 23.39% | 34.67% | 34.28% |
| Polycab | 29,120.04 | 2,708.43 | 28.76% | 24.06% | 33.79% | 15.12% |
Check the Univest Screener for live data on these stocks with PE between 30 and 50
Institutional Holding in Sun Pharma, UltraTech Cement, Eicher Motors and Polycab
Institutional holding shows who is backing these stocks with PE between 30 and 50 alongside the promoter. The table uses the latest reported quarter for each. Eicher Motors has the deepest institutional backing, with FII and DII together holding 41.59% as of June 2026. Domestic institutions increased their holding over the past year in Sun Pharma (from 20.23% to 22.27%) and UltraTech Cement (from 16.65% to 20.86%).
| Stock | Promoter | FII | DII | Public | Quarter |
|---|---|---|---|---|---|
| Sun Pharma | 52.68% | 14.36% | 22.27% | 10.70% | September 2026 |
| UltraTech Cement | 58.48% | 12.69% | 20.86% | 7.97% | September 2026 |
| Eicher Motors | 49.02% | 25.53% | 16.06% | 9.40% | June 2026 |
| Polycab | 61.46% | 19.00% | 7.62% | 11.92% | June 2026 |
Risks to Weigh in Stocks With PE Between 30 and 50
Being careful with stocks with PE between 30 and 50 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: Eicher Motors trades at a PE of 33.69 against an industry PE of 23.82, 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 PE Between 30 and 50
Picking from stocks with PE between 30 and 50 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 (23.82 to 49.96) 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 Sun Pharma, UltraTech Cement, Eicher Motors and Polycab live prices.
Conclusion
Among stocks with PE between 30 and 50, Sun Pharma stands out for the fastest profit growth, 35.75% a year since FY22, UltraTech Cement for 16.15% revenue growth in FY26, Eicher Motors for the lowest PE of the group at 33.69 and Polycab for the highest return on equity at 22.25%. 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 PE between 30 and 50 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 PE Between 30 and 50 to Watch
Which are the best stocks with PE between 30 and 50 to watch for multibagger potential?
Ans. Sun Pharma, UltraTech Cement, Eicher Motors and Polycab are the 4 names this list highlights, with market caps of Rs 4,18,102 crore, Rs 3,23,092 crore, Rs 1,94,501 crore and Rs 1,24,880 crore respectively. Sun Pharma is notable for the fastest profit growth, 35.75% a year since FY22. UltraTech Cement stands out for 16.15% revenue growth in FY26. Eicher Motors offers the lowest PE of the group at 33.69. Polycab brings the highest return on equity at 22.25%. These are watchlist names for stocks with PE between 30 and 50, not recommendations, so match each one to your own risk profile and time horizon.
Is Polycab a good stock for long-term investors?
Ans. Polycab has a return on equity of 22.25%, a PE of 42.99 against an industry PE of 49.96 and a market cap of Rs 1,24,880 crore. Net profit has compounded at 33.79% a year since FY22, and FY26 revenue rose 28.76% while June 2026 quarter net profit grew 32.84%. Long-term returns in stocks with PE between 30 and 50 depend on earnings growth and the price paid at entry, so staggering purchases and consulting a SEBI-registered advisor is sensible.
Can Sun Pharma become a multibagger from here?
Ans. Sun Pharma has already gained 110.81% in five years, so another multi-fold move would need sustained earnings growth. A multibagger outcome in stocks with PE between 30 and 50 requires earnings to keep growing faster than the market for several years. Net profit has compounded at 35.75% a year since FY22, and FY26 revenue rose 12.69%. At a PE of 34.50 against an industry PE of 36.42, valuation should be checked against that growth before investing.
What is the market cap of Sun Pharma, UltraTech Cement, Eicher Motors and Polycab?
Ans. As of 26 October 2026, Sun Pharma has a market cap of Rs 4,18,102 crore, UltraTech Cement has a market cap of Rs 3,23,092 crore, Eicher Motors has a market cap of Rs 1,94,501 crore and Polycab has a market cap of Rs 1,24,880 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 PE between 30 and 50.
What are the risks of investing in stocks with PE between 30 and 50?
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. Eicher Motors trades at a PE of 33.69 against an industry PE of 23.82, so earnings growth needs to hold up.
Why is Eicher Motors trading at a PE of 33.69?
Ans. Eicher Motors’ PE of 33.69 compares with an industry PE of 23.82. The market is paying a premium for a return on equity of 21.97%, profit growth of 34.67% a year since FY22 and latest-quarter profit growth of 21.35%, which also means the stock is more sensitive if growth slows. Investors in stocks with PE between 30 and 50 who are comfortable with higher valuation risk may prefer to stagger purchases instead of investing in one go.
How much do institutions hold in Sun Pharma, UltraTech Cement, Eicher Motors and Polycab?
Ans. As of the latest reported quarter, FII and DII together hold 36.63% of Sun Pharma (14.36% and 22.27%), 33.55% of UltraTech Cement (12.69% and 20.86%), 41.59% of Eicher Motors (25.53% and 16.06%) and 26.62% of Polycab (19.00% and 7.62%). Rising institutional holding is a useful signal in stocks with PE between 30 and 50, though it should be read with earnings trends rather than on its own.
