4 Midcap 20 Per Cent Revenue Growth Fast Profit Growth Low Debt Stocks to Watch for Future Multibagger Potential: Waaree, Vishal Mega Mart, Hindustan Copper and KEI Industries
- November 13, 2026
- Posted by: Manan Bisht
- Category: Best Stocks
Waaree Rs 2,572. Vishal Mega Mart Rs 96. Hindustan Copper Rs 446.15. KEI Industries Rs 4,135.70. Market caps from Rs 41,404 crore to Rs 77,746 crore. Data as of 12 Nov 2026.
Quick Answer
Waaree, Vishal Mega Mart, Hindustan Copper and KEI Industries are the 4 picks in this 20 per cent revenue growth fast profit growth low debt stocks watchlist, with market caps between Rs 41,404 crore and Rs 77,746 crore. Waaree stands out for the lowest PE of the group at 19.43, while Vishal Mega Mart offers the fastest profit growth, 42.63% a year since FY22. PE ratios run from 19.43 to 50.58, so compare each one with its industry PE before investing. All figures are as of 12 November 2026.
20 per cent revenue growth fast profit growth low debt stocks to watch for multibagger potential start with a simple filter: size, a clean financial record and earnings that keep growing. Waaree, Vishal Mega Mart, Hindustan Copper and KEI Industries meet that test, with market caps from Rs 41,404 crore to Rs 77,746 crore and Waaree offering the lowest PE of the group at 19.43. Each of these companies has a market capitalisation between Rs 30,000 crore and Rs 1,00,000 crore and FY26 revenue growth of at least 20 per cent, FY26 net profit growth of at least 20 per cent and a debt to equity ratio below 0.3, 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 market capitalisation between Rs 30,000 crore and Rs 1,00,000 crore and FY26 revenue growth of at least 20 per cent, FY26 net profit growth of at least 20 per cent and a debt to equity ratio below 0.3, 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, and complete, verifiable financials, ranked by market capitalisation. Each company has a market cap between Rs 30,000 crore and Rs 1 lakh crore. Investors screening 20 per cent revenue growth fast profit growth low debt stocks usually begin with size and balance sheet strength, and this list follows the same logic. All figures are as of 12 November 2026 and are drawn from NSE and BSE data and company filings.
Click Here – Get Free Investment Predictions
What Are 20 Per Cent Revenue Growth Fast Profit Growth Low Debt Stocks and Why Do They Attract Multibagger Interest?
20 per cent revenue growth fast profit growth low debt stocks are shares of mid sized companies whose sales grew by twenty per cent or more in FY26, whose net profit grew by twenty per cent or more and whose borrowing is small compared with shareholder funds. The four here cover solar modules, value retail, copper mining and cables.
Fast growth in both sales and profit shows strong demand, and low debt shows that the growth has been funded mostly by the business itself and not by heavy borrowing. Within 20 per cent revenue growth fast profit growth low debt stocks, the four companies show rising profit. In 20 per cent revenue growth fast profit growth low debt stocks, each of the four also posted growth in the latest quarter. Across 20 per cent revenue growth fast profit growth low debt stocks, every company here grew its FY26 profit. For 20 per cent revenue growth fast profit growth low debt stocks, both FY26 and the latest quarter showed growth. Whichever way you read 20 per cent revenue growth fast profit growth low debt stocks, the common thread is rising profit backed by complete financial data. Investors researching 20 per cent revenue growth fast profit growth low debt stocks get a fuller picture by reading growth and valuation together. The table below lines up 20 per cent revenue growth fast profit growth low debt stocks on size, growth and valuation, using complete FY26 and latest quarter numbers. Past performance does not guarantee future returns, so use 20 per cent revenue growth fast profit growth low debt stocks as a starting point for your own research.
20 Per Cent Revenue Growth Fast Profit Growth Low Debt Stocks at a Glance: Price, Market Cap, PE and ROE
Prices are closing prices as of 12 November 2026. Waaree has the lowest PE of the group at 19.43, while Hindustan Copper posts the highest return on equity at 27.48%.
| Stock | CMP (Rs) | Market Cap (Rs Cr) | PE | Industry PE | ROE | Debt to Equity | 52-Week Range (Rs) |
|---|---|---|---|---|---|---|---|
| Waaree Energies | 2,572 | 77,746 | 19.43 | 45.89 | 25.71% | 0.22 | 2,238.00 to 3,718.80 |
| Vishal Mega Mart | 96 | 45,021 | 50.58 | 64.73 | 11.32% | 0.27 | 86.60 to 149.82 |
| Hindustan Copper | 446.15 | 44,323 | 39.01 | 12.27 | 27.48% | 0.03 | 308.50 to 760.05 |
| KEI Industries | 4,135.70 | 41,404 | 41.53 | 49.96 | 13.78% | 0.04 | 3,725.00 to 5,899.00 |
Waaree: Revenue Up 83.52% in FY26
Waaree Energies is one of India’s largest solar module makers by capacity and manufactures solar cells and modules. It reported FY26 revenue of Rs 27,244.92 crore, up 83.52% year on year, and net profit of Rs 3,884.15 crore, up 101.45%. Revenue has compounded at 74.31% a year since FY22. Operating margin was 23.82% in FY26. The debt-to-equity ratio is 0.22.
In the June 2026 quarter, revenue rose 76.25% to Rs 8,102.60 crore and net profit grew 15.39% to Rs 891.87 crore. Domestic institutions raised their holding from 2.82% in September 2025 to 4.09% in September 2026. The stock trades at a PE of 19.43 against an industry PE of 45.89, below the sector average, with a return on equity of 25.71%.
Vishal Mega Mart: 42.63% Profit CAGR Since FY22
Vishal Mega Mart runs value retail stores selling apparel, general merchandise and FMCG products across India. It reported FY26 revenue of Rs 12,992.61 crore, up 20.58% year on year, and net profit of Rs 839.23 crore, up 32.80%. Net profit has compounded at 42.63% a year since FY22, while revenue has grown 23.12% a year. Operating margin was 15.51% in FY26. The debt-to-equity ratio is 0.27.
The stock trades at a PE of 50.58 against an industry PE of 64.73, below the sector average. In the June 2026 quarter, revenue rose 19.09% to Rs 3,760.15 crore and net profit grew 25.57% to Rs 258.77 crore. Domestic institutions raised their holding from 25.42% in September 2025 to 36.45% in September 2026.
Hindustan Copper: 25.25% Profit CAGR Since FY22
Hindustan Copper is a government-owned company that mines copper ore and produces refined copper in India. It reported FY26 revenue of Rs 3,149.67 crore, up 46.62% year on year, and net profit of Rs 920.66 crore, up 96.97%. Net profit has compounded at 25.25% a year since FY22, while revenue has grown 13.89% a year. Operating margin was 46.74% in FY26. The debt-to-equity ratio is 0.03, which keeps interest costs low.
In the June 2026 quarter, revenue rose 81.07% to Rs 953.60 crore and net profit grew 162.59% to Rs 352.61 crore. The share price has gained 222.73% over five years and 40.71% over the past year. Foreign investors raised their holding from 3.71% in June 2025 to 5.96% in June 2026. The stock trades at a PE of 39.01 against an industry PE of 12.27, with a return on equity of 27.48%.
KEI Industries: 25.01% Profit CAGR Since FY22
KEI Industries makes power, control and instrumentation cables, including extra-high-voltage cables, and house wires. It reported FY26 revenue of Rs 11,906.32 crore, up 21.40% year on year, and net profit of Rs 918.43 crore, up 31.88%. Net profit has compounded at 25.01% a year since FY22, while revenue has grown 20.00% a year. Operating margin was 11.81% in FY26. The debt-to-equity ratio is 0.04, which keeps interest costs low.
The stock trades at a PE of 41.53 against an industry PE of 49.96, below the sector average, with a return on equity of 13.78%. In the June 2026 quarter, revenue rose 21.86% to Rs 3,204.91 crore and net profit grew 40.05% to Rs 274.14 crore. The share price has gained 374.59% over five years. Foreign investors raised their holding from 26.59% in June 2025 to 27.32% in June 2026.
20 Per Cent Revenue Growth Fast Profit Growth Low Debt Stocks: Financial Comparison on Growth and Margins
The table compares scale and growth across these 20 per cent revenue growth fast profit growth low debt stocks. 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) |
|---|---|---|---|---|---|---|
| Waaree | 27,244.92 | 3,884.15 | 83.52% | 74.31% | 76.25% | 20.31% |
| Vishal Mega Mart | 12,992.61 | 839.23 | 20.58% | 23.12% | 19.09% | 15.50% |
| Hindustan Copper | 3,149.67 | 920.66 | 46.62% | 13.89% | 81.07% | 56.02% |
| KEI Industries | 11,906.32 | 918.43 | 21.40% | 20.00% | 21.86% | 13.04% |
Institutional Holding in Waaree, Vishal Mega Mart, Hindustan Copper and KEI Industries
Institutional holding shows who is backing these 20 per cent revenue growth fast profit growth low debt stocks alongside the promoter. The table uses the latest reported quarter for each. Vishal Mega Mart has the deepest institutional backing, with FII and DII together holding 55.20% as of September 2026. Domestic institutions increased their holding over the past year in Waaree (from 2.82% to 4.09%) and Vishal Mega Mart (from 25.42% to 36.45%). To see how this group fits the wider market, many investors compare it with the Nifty Midcap 100.
| Stock | Promoter | FII | DII | Public | Quarter |
|---|---|---|---|---|---|
| Waaree | 64.12% | 8.57% | 4.09% | 23.22% | September 2026 |
| Vishal Mega Mart | 40.02% | 18.75% | 36.45% | 4.77% | September 2026 |
| Hindustan Copper | 66.14% | 5.96% | 4.84% | 23.06% | June 2026 |
| KEI Industries | 35.00% | 27.32% | 25.90% | 11.78% | June 2026 |
Risks to Weigh in 20 Per Cent Revenue Growth Fast Profit Growth Low Debt Stocks
Being careful with 20 per cent revenue growth fast profit growth low debt stocks 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: Hindustan Copper trades at a PE of 39.01 against an industry PE of 12.27, 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 20 Per Cent Revenue Growth Fast Profit Growth Low Debt Stocks
Picking from 20 per cent revenue growth fast profit growth low debt stocks 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 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 Waaree, Vishal Mega Mart, Hindustan Copper and KEI Industries live prices.
Conclusion
Among 20 per cent revenue growth fast profit growth low debt stocks, Waaree stands out for the lowest PE of the group at 19.43, Vishal Mega Mart for the fastest profit growth, 42.63% a year since FY22, Hindustan Copper for the highest return on equity at 27.48% and KEI Industries for the biggest five-year price gain at 374.59%. 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 20 per cent revenue growth fast profit growth low debt stocks 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 20 Per Cent Revenue Growth Fast Profit Growth Low Debt Stocks to Watch
Which are the best 20 per cent revenue growth fast profit growth low debt stocks to watch for multibagger potential?
Ans. Waaree, Vishal Mega Mart, Hindustan Copper and KEI Industries are the 4 names this list highlights, with market caps of Rs 77,746 crore, Rs 45,021 crore, Rs 44,323 crore and Rs 41,404 crore respectively. Waaree is notable for the lowest PE of the group at 19.43. Vishal Mega Mart stands out for the fastest profit growth, 42.63% a year since FY22. Hindustan Copper offers the highest return on equity at 27.48%. KEI Industries brings the biggest five-year price gain at 374.59%. These are watchlist names for 20 per cent revenue growth fast profit growth low debt stocks, not recommendations, so match each one to your own risk profile and time horizon.
Is Hindustan Copper a good stock for long-term investors?
Ans. Hindustan Copper has a return on equity of 27.48%, a PE of 39.01 against an industry PE of 12.27 and a market cap of Rs 44,323 crore. Net profit has compounded at 25.25% a year since FY22, and FY26 revenue rose 46.62% while June 2026 quarter net profit grew 162.59%. Long-term returns in 20 per cent revenue growth fast profit growth low debt stocks depend on earnings growth and the price paid at entry, so staggering purchases and consulting a SEBI-registered advisor is sensible.
Can Vishal Mega Mart become a multibagger from here?
Ans. Vishal Mega Mart has a market cap of Rs 45,021 crore. A multibagger outcome in 20 per cent revenue growth fast profit growth low debt stocks requires earnings to keep growing faster than the market for several years. Net profit has compounded at 42.63% a year since FY22, and FY26 revenue rose 20.58%. At a PE of 50.58 against an industry PE of 64.73, valuation should be checked against that growth before investing.
What is the market cap of Waaree, Vishal Mega Mart, Hindustan Copper and KEI Industries?
Ans. As of 12 November 2026, Waaree has a market cap of Rs 77,746 crore, Vishal Mega Mart has a market cap of Rs 45,021 crore, Hindustan Copper has a market cap of Rs 44,323 crore and KEI Industries has a market cap of Rs 41,404 crore. All of them qualify as midcaps. 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 20 per cent revenue growth fast profit growth low debt stocks.
What are the risks of investing in 20 per cent revenue growth fast profit growth low debt stocks?
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. Hindustan Copper trades at a PE of 39.01 against an industry PE of 12.27, so earnings growth needs to hold up.
Why is Hindustan Copper trading at a PE of 39.01?
Ans. Hindustan Copper’s PE of 39.01 compares with an industry PE of 12.27. The market is paying a premium for a return on equity of 27.48%, profit growth of 25.25% a year since FY22 and latest-quarter profit growth of 162.59%, which also means the stock is more sensitive if growth slows. Investors in 20 per cent revenue growth fast profit growth low debt stocks who are comfortable with higher valuation risk may prefer to stagger purchases instead of investing in one go.
How much do institutions hold in Waaree, Vishal Mega Mart, Hindustan Copper and KEI Industries?
Ans. As of the latest reported quarter, FII and DII together hold 12.66% of Waaree (8.57% and 4.09%), 55.20% of Vishal Mega Mart (18.75% and 36.45%), 10.80% of Hindustan Copper (5.96% and 4.84%) and 53.22% of KEI Industries (27.32% and 25.90%). Rising institutional holding is a useful signal in 20 per cent revenue growth fast profit growth low debt stocks, though it should be read with earnings trends rather than on its own.
