4 Largecap Stocks With ROE Between 30 and 40 Per Cent to Watch for Future Multibagger Potential: LIC, Infosys, Titan and HDFC AMC
- October 21, 2026
- Posted by: Manan Bisht
- Category: Best Stocks
LIC Rs 393.35. Infosys Rs 1,130.70. Titan Rs 4,424.20. HDFC AMC Rs 2,349.20. Market caps from Rs 1.04 lakh crore to Rs 4.98 lakh crore. Data as of 20 Oct 2026.
Quick Answer
LIC, Infosys, Titan and HDFC AMC are the 4 picks in this stocks with ROE between 30 and 40 per cent watchlist, with market caps between Rs 1.04 lakh crore and Rs 4.98 lakh crore. LIC stands out for the fastest profit growth, 93.19% a year since FY22, while Infosys offers the highest return on equity at 33.24%. PE ratios run from 8.30 to 68.51, so compare each one with its industry PE before investing. All figures are as of 20 October 2026.
Stocks with ROE between 30 and 40 per cent to watch for multibagger potential start with a simple filter: size, a clean financial record and earnings that keep growing. LIC, Infosys, Titan and HDFC AMC meet that test, with market caps from Rs 1.04 lakh crore to Rs 4.98 lakh crore and LIC offering the fastest profit growth, 93.19% a year since FY22. Each of these companies has a return on equity between 30 and 40 per cent, and net profit rose in FY26 and in the latest quarter.
This list covers companies with a return on equity between 30 and 40 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 ROE between 30 and 40 per cent 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 ROE Between 30 and 40 Per Cent and Why Do They Attract Multibagger Interest?
Stocks with ROE between 30 and 40 per cent are shares of companies that earn 30 to 40 paise a year on every rupee of shareholder money. The four here cover insurance, IT services, jewellery and asset management.
A return on equity this high shows efficient use of capital. For stocks with ROE between 30 and 40 per cent, investors check that it holds as profit grows. Investors researching stocks with ROE between 30 and 40 per cent get a fuller picture by reading growth and valuation together. The table below lines up stocks with ROE between 30 and 40 per cent on size, growth and valuation, using complete FY26 and latest quarter numbers. Past performance does not guarantee future returns, so use stocks with ROE between 30 and 40 per cent as a starting point for your own research.
Stocks With ROE Between 30 and 40 Per Cent at a Glance: Price, Market Cap, PE, ROE and Price to Book
Prices are closing prices as of 20 October 2026. LIC has the lowest PE of the group at 8.30, while Infosys posts the highest return on equity at 33.24%.
| Stock | CMP (Rs) | Market Cap (Rs Cr) | PE | Industry PE | ROE | Price to Book | 52-Week Range (Rs) |
|---|---|---|---|---|---|---|---|
| Life Insurance Corporation of India | 393.35 | 4,98,410 | 8.30 | 10.47 | 32.53% | 2.81 | 360.75 to 468.48 |
| Infosys | 1,130.70 | 4,41,906 | 14.57 | 18.27 | 33.24% | 5.12 | 980.40 to 1,728.00 |
| Titan Company | 4,424.20 | 3,94,621 | 68.51 | 46.75 | 32.31% | 25.13 | 3,506.50 to 5,186.70 |
| HDFC Asset Management Company | 2,349.20 | 1,03,508 | 35.11 | 17.68 | 30.97% | 11.22 | 2,205.60 to 2,967.25 |
LIC: 93.19% Profit CAGR Since FY22
LIC is India’s largest life insurer and one of the biggest institutional investors in the stock market, with a vast agent network across the country. It reported FY26 revenue of Rs 9,90,211.25 crore, up 10.23% year on year, and net profit of Rs 57,453.15 crore, up 18.90%. Net profit has compounded at 93.19% a year since FY22, while revenue has grown 7.96% a year. Operating margin was 5.51% in FY26. The debt-to-equity ratio is 0.00, which keeps interest costs low.
In the June 2026 quarter, revenue rose 6.97% to Rs 2,41,166.45 crore and net profit grew 23.98% to Rs 13,584.25 crore. Domestic institutions raised their holding from 1.36% in September 2025 to 6.17% in September 2026. The stock trades at a PE of 8.30 against an industry PE of 10.47, below the sector average, with a return on equity of 32.53%.
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.
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%. 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.
Titan: 23.26% Profit CAGR Since FY22
Titan Company runs the jewellery (Tanishq), watches (Titan), eyewear and fragrances businesses. It reported FY26 revenue of Rs 88,136 crore, up 44.62% year on year, and net profit of Rs 5,073 crore, up 52.02%. Net profit has compounded at 23.26% a year since FY22, while revenue has grown 32.00% a year. Operating margin was 10.06% in FY26.
In the June 2026 quarter, revenue rose 29.31% to Rs 21,502 crore and net profit grew 62.88% to Rs 1,777 crore. The share price has gained 72.39% over five years and 22.47% over the past year. Domestic institutions raised their holding from 12.78% in June 2025 to 15.34% in June 2026. The stock trades at a PE of 68.51 against an industry PE of 46.75, with a return on equity of 32.31%.
HDFC AMC: Return on Equity of 30.97%
HDFC Asset Management Company is one of the largest mutual fund houses in India and earns fees on the assets it manages. It reported FY26 total income of Rs 4,622.20 crore, up 13.84% year on year, and net profit of Rs 2,858.06 crore, up 16.17%.
The stock trades at a PE of 35.11 against an industry PE of 17.68, with a return on equity of 30.97%. The dividend yield is 2.23%. In the September 2026 quarter, total income rose 10.49% to Rs 1,241.48 crore and net profit grew 4.22% to Rs 748.73 crore. The share price has gained 62.46% over five years. Promoters hold 52.29%, which keeps ownership stable.
Stocks With ROE Between 30 and 40 Per Cent: Financial Comparison on Growth and Margins
The table compares scale and growth across these stocks with ROE between 30 and 40 per cent. 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) | Latest Quarter Revenue Growth | Net Profit Growth (YoY) |
|---|---|---|---|---|---|
| LIC | 9,90,211.25 | 57,453.15 | 10.23% | 6.97% | 18.90% |
| Infosys | 1,82,972 | 29,474 | 9.83% | 13.56% | 10.18% |
| Titan | 88,136 | 5,073 | 44.62% | 29.31% | 52.02% |
| HDFC AMC | 4,622.20 | 2,858.06 | 13.84% | 10.49% | 16.17% |
Check the Univest Screener for live data on these stocks with ROE between 30 and 40 per cent
Institutional Holding in LIC, Infosys, Titan and HDFC AMC
Institutional holding shows who is backing these stocks with ROE between 30 and 40 per cent 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 LIC (from 1.36% to 6.17%), Infosys (from 39.60% to 42.96%) and Titan (from 12.78% to 15.34%).
| Stock | Promoter | FII | DII | Public | Quarter |
|---|---|---|---|---|---|
| LIC | 90.00% | 1.55% | 6.17% | 2.28% | September 2026 |
| Infosys | 13.82% | 27.09% | 42.96% | 16.13% | June 2026 |
| Titan | 52.90% | 15.38% | 15.34% | 16.38% | June 2026 |
| HDFC AMC | 52.29% | 24.07% | 14.57% | 9.06% | September 2026 |
Risks to Weigh in Stocks With ROE Between 30 and 40 Per Cent
Being careful with stocks with ROE between 30 and 40 per cent 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: HDFC AMC trades at a PE of 35.11 against an industry PE of 17.68, 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 ROE Between 30 and 40 Per Cent
Picking from stocks with ROE between 30 and 40 per cent 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 (10.47 to 46.75) 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 LIC, Infosys, Titan and HDFC AMC live prices.
Conclusion
Among stocks with ROE between 30 and 40 per cent, LIC stands out for the fastest profit growth, 93.19% a year since FY22, Infosys for the highest return on equity at 33.24%, Titan for the biggest five-year price gain at 72.39% and HDFC AMC for 13.84% 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 stocks with ROE between 30 and 40 per cent 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 ROE Between 30 and 40 Per Cent to Watch
Which are the best stocks with ROE between 30 and 40 per cent to watch for multibagger potential?
Ans. LIC, Infosys, Titan and HDFC AMC are the 4 names this list highlights, with market caps of Rs 4,98,410 crore, Rs 4,41,906 crore, Rs 3,94,621 crore and Rs 1,03,508 crore respectively. LIC is notable for the fastest profit growth, 93.19% a year since FY22. Infosys stands out for the highest return on equity at 33.24%. Titan offers the biggest five-year price gain at 72.39%. HDFC AMC brings 13.84% revenue growth in FY26. These are watchlist names for stocks with ROE between 30 and 40 per cent, 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 ROE between 30 and 40 per cent depend on earnings growth and the price paid at entry, so staggering purchases and consulting a SEBI-registered advisor is sensible.
Can LIC become a multibagger from here?
Ans. LIC has a market cap of Rs 4,98,410 crore. A multibagger outcome in stocks with ROE between 30 and 40 per cent requires earnings to keep growing faster than the market for several years. Net profit has compounded at 93.19% a year since FY22, and FY26 revenue rose 10.23%. At a PE of 8.30 against an industry PE of 10.47, valuation should be checked against that growth before investing.
What is the market cap of LIC, Infosys, Titan and HDFC AMC?
Ans. As of 20 October 2026, LIC has a market cap of Rs 4,98,410 crore, Infosys has a market cap of Rs 4,41,906 crore, Titan has a market cap of Rs 3,94,621 crore and HDFC AMC has a market cap of Rs 1,03,508 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 ROE between 30 and 40 per cent.
What are the risks of investing in stocks with ROE between 30 and 40 per cent?
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. HDFC AMC trades at a PE of 35.11 against an industry PE of 17.68, so earnings growth needs to hold up.
Why is HDFC AMC trading at a PE of 35.11?
Ans. HDFC AMC’s PE of 35.11 compares with an industry PE of 17.68. The market is paying a premium for a return on equity of 30.97%, which also means the stock is more sensitive if growth slows. Investors in stocks with ROE between 30 and 40 per cent who are comfortable with higher valuation risk may prefer to stagger purchases instead of investing in one go.
How much do institutions hold in LIC, Infosys, Titan and HDFC AMC?
Ans. As of the latest reported quarter, FII and DII together hold 7.72% of LIC (1.55% and 6.17%), 70.05% of Infosys (27.09% and 42.96%), 30.72% of Titan (15.38% and 15.34%) and 38.64% of HDFC AMC (24.07% and 14.57%). Rising institutional holding is a useful signal in stocks with ROE between 30 and 40 per cent, though it should be read with earnings trends rather than on its own.
