4 Largecap Stocks With Price-to-Book Between 6 and 10 to Watch for Future Multibagger Potential: Bajaj Auto, Hindustan Zinc, Varun Beverages and Indian Hotels
- October 21, 2026
- Posted by: Manan Bisht
- Category: Best Stocks
Bajaj Auto Rs 10,287. Hindustan Zinc Rs 538.40. Varun Beverages Rs 420.55. Indian Hotels Rs 760. Market caps from Rs 1.05 lakh crore to Rs 2.81 lakh crore. Data as of 20 Oct 2026.
Quick Answer
Bajaj Auto, Hindustan Zinc, Varun Beverages and Indian Hotels are the 4 picks in this stocks with price-to-book between 6 and 10 watchlist, with market caps between Rs 1.05 lakh crore and Rs 2.81 lakh crore. Bajaj Auto stands out for the largest market cap at Rs 2,81,374 crore, while Hindustan Zinc offers the highest return on equity at 61.13%. PE ratios run from 13.12 to 45.62, so compare each one with its industry PE before investing. All figures are as of 20 October 2026.
Stocks with price-to-book between 6 and 10 to watch for multibagger potential start with a simple filter: size, a clean financial record and earnings that keep growing. Bajaj Auto, Hindustan Zinc, Varun Beverages and Indian Hotels meet that test, with market caps from Rs 1.05 lakh crore to Rs 2.81 lakh crore and Bajaj Auto offering the largest market cap at Rs 2,81,374 crore. Each of these companies trades at a price-to-book ratio between 6 and 10, and net profit grew by more than 10 per cent in FY26 and rose in the latest quarter.
This list covers companies with a price-to-book ratio between 6 and 10, FY26 profit growth above 10 per cent and rising profit in the latest quarter, ranked by market capitalisation. Each company has a market cap above Rs 1 lakh crore. Investors screening stocks with price-to-book between 6 and 10 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.
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What Are Stocks With Price-to-Book Between 6 and 10 and Why Do They Attract Multibagger Interest?
Stocks with price-to-book between 6 and 10 are shares where the market values the business at a clear premium to its net worth. The four here cover motorcycles, zinc, beverages and hotels.
A higher price-to-book usually goes with strong returns and trusted brands. For stocks with price-to-book between 6 and 10, profit growth is what supports the premium. For stocks with price-to-book between 6 and 10, 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 price-to-book between 6 and 10, using FY26 and latest quarter data. Prices move daily, so recheck the figures for stocks with price-to-book between 6 and 10 before you decide.
Stocks With Price-to-Book Between 6 and 10 at a Glance: Price, Market Cap, PE and ROE
Prices are closing prices as of 20 October 2026. Hindustan Zinc combines the lowest PE of the group, 13.12, 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) |
|---|---|---|---|---|---|---|---|
| Bajaj Auto | 10,287 | 2,81,374 | 24.36 | 23.82 | 27.67% | 0.58 | 8,605.00 to 12,470.00 |
| Hindustan Zinc | 538.40 | 2,23,984 | 13.12 | 12.27 | 61.13% | 0.39 | 412.25 to 609.05 |
| Varun Beverages | 420.55 | 1,49,439 | 43.83 | 34.68 | 15.51% | 0.13 | 381.00 to 555.80 |
| Indian Hotels Company | 760 | 1,05,334 | 45.62 | 36.77 | 15.97% | 0.22 | 568.70 to 971.00 |
Bajaj Auto: Revenue Up 24.05% in FY26
Bajaj Auto makes motorcycles, three-wheelers and electric two-wheelers, and has a large export business. It reported FY26 revenue of Rs 65,087.22 crore, up 24.05% year on year, and net profit of Rs 10,574.50 crore, up 44.37%. Net profit has compounded at 14.44% a year since FY22, while revenue has grown 17.26% a year. Operating margin was 25.06% in FY26.
In the June 2026 quarter, revenue rose 64.02% to Rs 22,376.69 crore and net profit grew 44.26% to Rs 3,188.75 crore. The share price has gained 165.89% over five years and 13.76% over the past year. Domestic institutions raised their holding from 12.09% in June 2025 to 13.54% in June 2026. The stock trades at a PE of 24.36 against an industry PE of 23.82, with a return on equity of 27.67%.
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.
The stock trades at a PE of 13.12 against an industry PE of 12.27, with a return on equity of 61.13%. The dividend yield is 1.89%. 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.
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.
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. The stock trades at a PE of 43.83 against an industry PE of 34.68, with a return on equity of 15.51%.
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 45.62 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 Price-to-Book Between 6 and 10: Financial Comparison on Growth and Margins
The table compares scale and growth across these stocks with price-to-book 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) |
|---|---|---|---|---|---|---|
| Bajaj Auto | 65,087.22 | 10,574.50 | 24.05% | 17.26% | 64.02% | 24.99% |
| Hindustan Zinc | 41,934 | 13,832 | 19.59% | 8.15% | 74.70% | 64.19% |
| Varun Beverages | 22,037.73 (CY25) | 3,062.04 (CY25) | 9.48% | 25.47% | 20.92% | 28.24% |
| 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 price-to-book between 6 and 10
Institutional Holding in Bajaj Auto, Hindustan Zinc, Varun Beverages and Indian Hotels
Institutional holding shows who is backing these stocks with price-to-book 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 Bajaj Auto (from 12.09% to 13.54%), Varun Beverages (from 11.79% to 16.34%) and Indian Hotels (from 18.52% to 24.59%).
| Stock | Promoter | FII | DII | Public | Quarter |
|---|---|---|---|---|---|
| Bajaj Auto | 55.01% | 9.01% | 13.54% | 22.44% | June 2026 |
| Hindustan Zinc | 60.71% | 2.36% | 4.85% | 32.07% | September 2026 |
| Varun Beverages | 59.43% | 17.53% | 16.34% | 6.70% | September 2026 |
| Indian Hotels | 38.12% | 21.71% | 24.59% | 15.58% | June 2026 |
Risks to Weigh in Stocks With Price-to-Book Between 6 and 10
Being careful with stocks with price-to-book 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: Varun Beverages trades at a PE of 43.83 against an industry PE of 34.68, 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 Price-to-Book Between 6 and 10
Picking from stocks with price-to-book 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 (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.
Download the Univest iOS App or Univest Android App to track Bajaj Auto, Hindustan Zinc, Varun Beverages and Indian Hotels live prices.
Conclusion
Among stocks with price-to-book between 6 and 10, Bajaj Auto stands out for the largest market cap at Rs 2,81,374 crore, Hindustan Zinc for the highest return on equity at 61.13%, Varun Beverages for the fastest profit growth, 42.33% a year since CY21 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 price-to-book 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 Price-to-Book Between 6 and 10 to Watch
Which are the best stocks with price-to-book between 6 and 10 to watch for multibagger potential?
Ans. Bajaj Auto, Hindustan Zinc, Varun Beverages and Indian Hotels are the 4 names this list highlights, with market caps of Rs 2,81,374 crore, Rs 2,23,984 crore, Rs 1,49,439 crore and Rs 1,05,334 crore respectively. Bajaj Auto is notable for the largest market cap at Rs 2,81,374 crore. Hindustan Zinc stands out for the highest return on equity at 61.13%. Varun Beverages offers the fastest profit growth, 42.33% a year since CY21. Indian Hotels brings the biggest five-year price gain at 658.38%. These are watchlist names for stocks with price-to-book between 6 and 10, 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 13.12 against an industry PE of 12.27 and a market cap of Rs 2,23,984 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 stocks with price-to-book 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 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 price-to-book between 6 and 10 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 Bajaj Auto, Hindustan Zinc, Varun Beverages and Indian Hotels?
Ans. As of 20 October 2026, Bajaj Auto has a market cap of Rs 2,81,374 crore, Hindustan Zinc has a market cap of Rs 2,23,984 crore, Varun Beverages has a market cap of Rs 1,49,439 crore and Indian Hotels has a market cap of Rs 1,05,334 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 price-to-book between 6 and 10.
What are the risks of investing in stocks with price-to-book 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. Varun Beverages trades at a PE of 43.83 against an industry PE of 34.68, so earnings growth needs to hold up.
Why is Varun Beverages trading at a PE of 43.83?
Ans. Varun Beverages’ PE of 43.83 compares with an industry PE of 34.68. The market is paying a premium for a return on equity of 15.51%, profit growth of 42.33% a year since CY21 and latest-quarter profit growth of 15.08%, which also means the stock is more sensitive if growth slows. Investors in stocks with price-to-book 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 Bajaj Auto, Hindustan Zinc, Varun Beverages and Indian Hotels?
Ans. As of the latest reported quarter, FII and DII together hold 22.55% of Bajaj Auto (9.01% and 13.54%), 7.21% of Hindustan Zinc (2.36% and 4.85%), 33.87% of Varun Beverages (17.53% and 16.34%) and 46.30% of Indian Hotels (21.71% and 24.59%). Rising institutional holding is a useful signal in stocks with price-to-book between 6 and 10, though it should be read with earnings trends rather than on its own.
