4 Midcap Debt to Equity 0.1 to 0.5 Stocks to Watch for Future Multibagger Potential: Apar Industries, Dixon, Radico Khaitan and Patanjali Foods
- October 27, 2026
- Posted by: Manan Bisht
- Category: Best Stocks
Apar Industries Rs 14,801. Dixon Rs 11,161. Radico Khaitan Rs 4,200. Patanjali Foods Rs 347.45. Market caps from Rs 38,216 crore to Rs 75,524 crore. Data as of 26 Oct 2026.
Quick Answer
Apar Industries, Dixon, Radico Khaitan and Patanjali Foods are the 4 picks in this debt to equity 0.1 to 0.5 stocks watchlist, with market caps between Rs 38,216 crore and Rs 75,524 crore. Apar Industries stands out for the biggest five-year price gain at 2287.98%, while Dixon offers the highest return on equity at 30.76%. PE ratios run from 19.40 to 83.91, so compare each one with its industry PE before investing. All figures are as of 26 October 2026.
Debt to equity 0.1 to 0.5 stocks to watch for multibagger potential start with a simple filter: size, a clean financial record and earnings that keep growing. Apar Industries, Dixon, Radico Khaitan and Patanjali Foods meet that test, with market caps from Rs 38,216 crore to Rs 75,524 crore and Apar Industries offering the biggest five-year price gain at 2287.98%. Each of these companies has a market capitalisation between Rs 30,000 crore and Rs 1,00,000 crore and a debt to equity ratio between 0.1 and 0.5, 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 a debt to equity ratio between 0.1 and 0.5, 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 debt to equity 0.1 to 0.5 stocks 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 Debt to Equity 0.1 to 0.5 Stocks and Why Do They Attract Multibagger Interest?
Debt to equity 0.1 to 0.5 stocks are shares of mid sized companies that use a small amount of borrowing, with debt between one tenth and one half of shareholder equity, enough to fund growth without straining the balance sheet. The four here cover cables and conductors, electronics manufacturing, premium spirits and packaged foods.
A debt to equity ratio in this range shows that a company uses borrowing sparingly and keeps its financial flexibility. For debt to equity 0.1 to 0.5 stocks, both FY26 and the latest quarter showed growth. Whichever way you read debt to equity 0.1 to 0.5 stocks, the common thread is rising profit backed by complete financial data. With debt to equity 0.1 to 0.5 stocks, 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 debt to equity 0.1 to 0.5 stocks are complete. Read each company’s latest results and exchange filings before acting on debt to equity 0.1 to 0.5 stocks.
Debt to Equity 0.1 to 0.5 Stocks at a Glance: Price, Market Cap, PE and ROE
Prices are closing prices as of 26 October 2026. Patanjali Foods has the lowest PE of the group at 19.40, while Dixon posts the highest return on equity at 30.76%.
| Stock | CMP (Rs) | Market Cap (Rs Cr) | PE | Industry PE | ROE | Debt to Equity | 52-Week Range (Rs) |
|---|---|---|---|---|---|---|---|
| Apar Industries | 14,801 | 75,524 | 63.92 | 46.39 | 18.11% | 0.18 | 6,801.00 to 19,265.00 |
| Dixon Technologies | 11,161 | 75,433 | 36.23 | 45.19 | 30.76% | 0.21 | 9,600.00 to 17,299.00 |
| Radico Khaitan | 4,200 | 59,039 | 83.91 | 54.95 | 18.23% | 0.15 | 2,500.00 to 4,747.00 |
| Patanjali Foods | 347.45 | 38,216 | 19.40 | 34.68 | 15.37% | 0.21 | 328.20 to 614.05 |
Apar Industries: 39.67% Profit CAGR Since FY22
Apar Industries makes conductors, specialty cables and transformer oils, and earns a large share of revenue from exports. It reported FY26 revenue of Rs 22,966.89 crore, up 22.95% year on year, and net profit of Rs 976.93 crore, up 18.95%. Net profit has compounded at 39.67% a year since FY22, while revenue has grown 25.19% a year. Operating margin was 8.49% in FY26. The debt-to-equity ratio is 0.18.
In the June 2026 quarter, revenue rose 29.16% to Rs 6,624.71 crore and net profit grew 77.80% to Rs 467.45 crore. The share price has gained 2287.98% over five years and 102.57% over the past year. Domestic institutions raised their holding from 22.64% in September 2025 to 24.88% in August 2026. The stock trades at a PE of 63.92 against an industry PE of 46.39, with a return on equity of 18.11%.
Dixon: 71.44% Profit CAGR Since FY22
Dixon Technologies is an electronics manufacturing services company that makes televisions, phones, appliances and lighting for brands. It reported FY26 revenue of Rs 49,585.84 crore, up 27.53% year on year, and net profit of Rs 1,644.25 crore, up 33.40%. Net profit has compounded at 71.44% a year since FY22, while revenue has grown 46.72% a year. Operating margin was 3.95% in FY26. The debt-to-equity ratio is 0.21.
The stock trades at a PE of 36.23 against an industry PE of 45.19, below the sector average, with a return on equity of 30.76%. In the June 2026 quarter, revenue rose 25.23% to Rs 16,075.95 crore and net profit grew 156.35% to Rs 717.83 crore. The share price has gained 114.81% over five years.
Radico Khaitan: 24.88% Profit CAGR Since FY22
Radico Khaitan makes Indian-made foreign liquor and premium spirits, with brands including Magic Moments, 8PM and Rampur Single Malt. It reported FY26 revenue of Rs 6,062.27 crore, up 24.84% year on year, and net profit of Rs 604.48 crore, up 74.90%. Net profit has compounded at 24.88% a year since FY22, while revenue has grown 20.50% a year. Operating margin was 4.88% in FY26. The debt-to-equity ratio is 0.15, which keeps interest costs low.
In the June 2026 quarter, revenue rose 10.44% to Rs 5,869.46 crore and net profit grew 75.91% to Rs 229.60 crore. The share price has gained 299.58% over five years and 51.47% over the past year. Domestic institutions raised their holding from 25.47% in September 2025 to 27.17% in September 2026. The stock trades at a PE of 83.91 against an industry PE of 54.95, with a return on equity of 18.23%.
Patanjali Foods: Quarterly Profit Up 86.14%
Patanjali Foods refines and sells edible oils and food products under brands such as Ruchi Gold and also runs an oil palm business. It reported FY26 revenue of Rs 40,347.78 crore, up 19.05% year on year, and net profit of Rs 1,814.47 crore, up 39.50%. Operating margin was 4.83% in FY26. The debt-to-equity ratio is 0.21.
The stock trades at a PE of 19.40 against an industry PE of 34.68, below the sector average, with a return on equity of 15.37%. In the June 2026 quarter, revenue rose 29.19% to Rs 11,341.89 crore and net profit grew 86.14% to Rs 335.73 crore. Domestic institutions raised their holding from 11.85% in September 2025 to 12.51% in September 2026.
Debt to Equity 0.1 to 0.5 Stocks: Financial Comparison on Growth and Margins
The table compares scale and growth across these debt to equity 0.1 to 0.5 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) | Latest Quarter Revenue Growth | Net Profit Growth (YoY) | Operating Margin (Latest Quarter) |
|---|---|---|---|---|---|---|
| Apar Industries | 22,966.89 | 976.93 | 22.95% | 29.16% | 18.95% | 12.05% |
| Dixon | 49,585.84 | 1,644.25 | 27.53% | 25.23% | 33.40% | 6.43% |
| Radico Khaitan | 6,062.27 | 604.48 | 24.84% | 10.44% | 74.90% | 6.10% |
| Patanjali Foods | 40,347.78 | 1,814.47 | 19.05% | 29.19% | 39.50% | 4.83% |
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Institutional Holding in Apar Industries, Dixon, Radico Khaitan and Patanjali Foods
Institutional holding shows who is backing these debt to equity 0.1 to 0.5 stocks alongside the promoter. The table uses the latest reported quarter for each. Dixon has the deepest institutional backing, with FII and DII together holding 47.67% as of September 2026. Domestic institutions increased their holding over the past year in Apar Industries (from 22.64% to 24.88%), Radico Khaitan (from 25.47% to 27.17%) and Patanjali Foods (from 11.85% to 12.51%).
| Stock | Promoter | FII | DII | Public | Quarter |
|---|---|---|---|---|---|
| Apar Industries | 55.42% | 11.36% | 24.88% | 8.34% | August 2026 |
| Dixon | 28.50% | 18.96% | 28.71% | 23.83% | September 2026 |
| Radico Khaitan | 40.17% | 19.43% | 27.17% | 13.23% | September 2026 |
| Patanjali Foods | 68.25% | 7.24% | 12.51% | 12.00% | September 2026 |
Risks to Weigh in Debt to Equity 0.1 to 0.5 Stocks
Being careful with debt to equity 0.1 to 0.5 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: Radico Khaitan trades at a PE of 83.91 against an industry PE of 54.95, 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 Debt to Equity 0.1 to 0.5 Stocks
Picking from debt to equity 0.1 to 0.5 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 (34.68 to 54.95) 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.
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Conclusion
Among debt to equity 0.1 to 0.5 stocks, Apar Industries stands out for the biggest five-year price gain at 2287.98%, Dixon for the highest return on equity at 30.76%, Radico Khaitan for 24.84% revenue growth in FY26 and Patanjali Foods for the lowest PE of the group at 19.40. 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 debt to equity 0.1 to 0.5 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 Debt to Equity 0.1 to 0.5 Stocks to Watch
Which are the best debt to equity 0.1 to 0.5 stocks to watch for multibagger potential?
Ans. Apar Industries, Dixon, Radico Khaitan and Patanjali Foods are the 4 names this list highlights, with market caps of Rs 75,524 crore, Rs 75,433 crore, Rs 59,039 crore and Rs 38,216 crore respectively. Apar Industries is notable for the biggest five-year price gain at 2287.98%. Dixon stands out for the highest return on equity at 30.76%. Radico Khaitan offers 24.84% revenue growth in FY26. Patanjali Foods brings the lowest PE of the group at 19.40. These are watchlist names for debt to equity 0.1 to 0.5 stocks, not recommendations, so match each one to your own risk profile and time horizon.
Is Dixon a good stock for long-term investors?
Ans. Dixon has a return on equity of 30.76%, a PE of 36.23 against an industry PE of 45.19 and a market cap of Rs 75,433 crore. Net profit has compounded at 71.44% a year since FY22, and FY26 revenue rose 27.53% while June 2026 quarter net profit grew 156.35%. Long-term returns in debt to equity 0.1 to 0.5 stocks depend on earnings growth and the price paid at entry, so staggering purchases and consulting a SEBI-registered advisor is sensible.
Can Apar Industries become a multibagger from here?
Ans. Apar Industries has already gained 2287.98% in five years, so another multi-fold move would need sustained earnings growth. A multibagger outcome in debt to equity 0.1 to 0.5 stocks requires earnings to keep growing faster than the market for several years. Net profit has compounded at 39.67% a year since FY22, and FY26 revenue rose 22.95%. At a PE of 63.92 against an industry PE of 46.39, valuation should be checked against that growth before investing.
What is the market cap of Apar Industries, Dixon, Radico Khaitan and Patanjali Foods?
Ans. As of 26 October 2026, Apar Industries has a market cap of Rs 75,524 crore, Dixon has a market cap of Rs 75,433 crore, Radico Khaitan has a market cap of Rs 59,039 crore and Patanjali Foods has a market cap of Rs 38,216 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 debt to equity 0.1 to 0.5 stocks.
What are the risks of investing in debt to equity 0.1 to 0.5 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. Radico Khaitan trades at a PE of 83.91 against an industry PE of 54.95, so earnings growth needs to hold up.
Why is Radico Khaitan trading at a PE of 83.91?
Ans. Radico Khaitan’s PE of 83.91 compares with an industry PE of 54.95. The market is paying a premium for a return on equity of 18.23%, profit growth of 24.88% a year since FY22 and latest-quarter profit growth of 75.91%, which also means the stock is more sensitive if growth slows. Investors in debt to equity 0.1 to 0.5 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 Apar Industries, Dixon, Radico Khaitan and Patanjali Foods?
Ans. As of the latest reported quarter, FII and DII together hold 36.24% of Apar Industries (11.36% and 24.88%), 47.67% of Dixon (18.96% and 28.71%), 46.60% of Radico Khaitan (19.43% and 27.17%) and 19.75% of Patanjali Foods (7.24% and 12.51%). Rising institutional holding is a useful signal in debt to equity 0.1 to 0.5 stocks, though it should be read with earnings trends rather than on its own.
