4 Midcap Low Debt Five-Year Winner Profit CAGR Stocks to Watch for Future Multibagger Potential: Dixon, Mazagon Dock, Radico Khaitan and KEI Industries
- November 10, 2026
- Posted by: Manan Bisht
- Category: Best Stocks
Dixon Rs 12,604. Mazagon Dock Rs 1,859. Radico Khaitan Rs 4,499.20. KEI Industries Rs 4,010. Market caps from Rs 40,145 crore to Rs 85,186 crore. Data as of 9 Nov 2026.
Quick Answer
Dixon, Mazagon Dock, Radico Khaitan and KEI Industries are the 4 picks in this low debt five-year winner profit CAGR stocks watchlist, with market caps between Rs 40,145 crore and Rs 85,186 crore. Dixon stands out for the highest return on equity at 30.76%, while Mazagon Dock offers the biggest five-year price gain at 1573.98%. PE ratios run from 28.74 to 89.89, so compare each one with its industry PE before investing. All figures are as of 9 November 2026.
Low debt five-year winner profit CAGR stocks to watch for multibagger potential start with a simple filter: size, a clean financial record and earnings that keep growing. Dixon, Mazagon Dock, Radico Khaitan and KEI Industries meet that test, with market caps from Rs 40,145 crore to Rs 85,186 crore and Dixon offering the highest return on equity at 30.76%. 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 below 0.3, a four year profit CAGR of at least 15 per cent and a five-year share price return of at least 100 per cent, 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 below 0.3, a four year profit CAGR of at least 15 per cent and a five-year share price return of at least 100 per cent, 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 low debt five-year winner profit CAGR stocks usually begin with size and balance sheet strength, and this list follows the same logic. All figures are as of 9 November 2026 and are drawn from NSE and BSE data and company filings.
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What Are Low Debt Five-Year Winner Profit CAGR Stocks and Why Do They Attract Multibagger Interest?
Low debt five-year winner profit CAGR stocks are shares of mid sized companies whose borrowing is small compared with shareholder funds, whose profit has compounded at fifteen per cent or more a year over four years and whose share price has at least doubled over five years. The four here cover cables, electronics manufacturing, shipbuilding and spirits.
Low debt shows that growth did not depend on borrowed money, a high profit CAGR shows that earnings have compounded year after year, and a doubled share price shows that the market has rewarded the record. Within low debt five-year winner profit CAGR stocks, the four companies show rising profit. For low debt five-year winner profit CAGR stocks, both FY26 and the latest quarter showed growth. Whichever way you read low debt five-year winner profit CAGR stocks, the common thread is rising profit backed by complete financial data. A sensible way to study low debt five-year winner profit CAGR stocks is to look at profit growth, returns and valuation side by side. Below, each of low debt five-year winner profit CAGR stocks gets its own breakdown of growth, returns and valuation. Treat low debt five-year winner profit CAGR stocks as a research list, since share prices and rankings change with every earnings season.
Low Debt Five-Year Winner Profit CAGR Stocks at a Glance: Price, Market Cap, PE and ROE
Prices are closing prices as of 9 November 2026. Mazagon Dock has the lowest PE of the group at 28.74, 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) |
|---|---|---|---|---|---|---|---|
| Dixon Technologies | 12,604 | 85,186 | 40.92 | 45.19 | 30.76% | 0.21 | 9,600.00 to 17,299.00 |
| Mazagon Dock Shipbuilders | 1,859 | 82,030 | 28.74 | 48.92 | 26.48% | 0.05 | 1,705.30 to 2,881.80 |
| Radico Khaitan | 4,499.20 | 63,245 | 89.89 | 54.95 | 18.23% | 0.15 | 2,500.00 to 4,747.00 |
| KEI Industries | 4,010 | 40,145 | 40.27 | 49.96 | 13.78% | 0.04 | 3,725.00 to 5,899.00 |
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.
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 115.16% over five years. The stock trades at a PE of 40.92 against an industry PE of 45.19, below the sector average, with a return on equity of 30.76%.
Mazagon Dock: 44.01% Profit CAGR Since FY22
Mazagon Dock Shipbuilders builds warships and submarines for the Indian Navy and is a key defence shipyard. It reported FY26 revenue of Rs 14,145.71 crore, up 12.77% year on year, and net profit of Rs 2,421.88 crore, up 6.35%. Net profit has compounded at 44.01% a year since FY22, while revenue has grown 23.18% a year. Operating margin was 26.20% in FY26. The debt-to-equity ratio is 0.05, which keeps interest costs low.
The stock trades at a PE of 28.74 against an industry PE of 48.92, below the sector average, with a return on equity of 26.48%. In the June 2026 quarter, revenue rose 10.40% to Rs 3,255.88 crore and net profit grew 22.12% to Rs 512.04 crore. The share price has gained 1573.98% over five years. Promoters hold 81.22%, which keeps ownership stable.
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 313.35% over five years and 56.69% 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 89.89 against an industry PE of 54.95, with a return on equity of 18.23%.
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 40.27 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.
Low Debt Five-Year Winner Profit CAGR Stocks: Financial Comparison on Growth and Margins
The table compares scale and growth across these low debt five-year winner profit CAGR 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 | 4-Year Net Profit CAGR | Operating Margin (Latest Quarter) |
|---|---|---|---|---|---|---|
| Dixon | 49,585.84 | 1,644.25 | 27.53% | 46.72% | 71.44% | 6.43% |
| Mazagon Dock | 14,145.71 | 2,421.88 | 12.77% | 23.18% | 44.01% | 25.82% |
| Radico Khaitan | 6,062.27 | 604.48 | 24.84% | 20.50% | 24.88% | 6.10% |
| KEI Industries | 11,906.32 | 918.43 | 21.40% | 20.00% | 25.01% | 13.04% |
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Institutional Holding in Dixon, Mazagon Dock, Radico Khaitan and KEI Industries
Institutional holding shows who is backing these low debt five-year winner profit CAGR stocks alongside the promoter. The table uses the latest reported quarter for each. KEI Industries has the deepest institutional backing, with FII and DII together holding 53.22% as of June 2026. Domestic institutions increased their holding over the past year in Radico Khaitan (from 25.47% to 27.17%). Keeping an eye on the Nifty Midcap 100 alongside this list shows whether these shares are moving with the wider market.
| Stock | Promoter | FII | DII | Public | Quarter |
|---|---|---|---|---|---|
| Dixon | 28.50% | 18.96% | 28.71% | 23.83% | September 2026 |
| Mazagon Dock | 81.22% | 1.72% | 5.01% | 12.04% | June 2026 |
| Radico Khaitan | 40.17% | 19.43% | 27.17% | 13.23% | September 2026 |
| KEI Industries | 35.00% | 27.32% | 25.90% | 11.78% | June 2026 |
Risks to Weigh in Low Debt Five-Year Winner Profit CAGR Stocks
Being careful with low debt five-year winner profit CAGR 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 89.89 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 Low Debt Five-Year Winner Profit CAGR Stocks
Picking from low debt five-year winner profit CAGR 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 (45.19 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 low debt five-year winner profit CAGR stocks, Dixon stands out for the highest return on equity at 30.76%, Mazagon Dock for the biggest five-year price gain at 1573.98%, Radico Khaitan for 24.84% revenue growth in FY26 and KEI Industries for a nearly debt-free balance sheet, with a debt-to-equity ratio of 0.04. 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 low debt five-year winner profit CAGR 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 Low Debt Five-Year Winner Profit CAGR Stocks to Watch
Which are the best low debt five-year winner profit CAGR stocks to watch for multibagger potential?
Ans. Dixon, Mazagon Dock, Radico Khaitan and KEI Industries are the 4 names this list highlights, with market caps of Rs 85,186 crore, Rs 82,030 crore, Rs 63,245 crore and Rs 40,145 crore respectively. Dixon is notable for the highest return on equity at 30.76%. Mazagon Dock stands out for the biggest five-year price gain at 1573.98%. Radico Khaitan offers 24.84% revenue growth in FY26. KEI Industries brings a nearly debt-free balance sheet, with a debt-to-equity ratio of 0.04. These are watchlist names for low debt five-year winner profit CAGR 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 40.92 against an industry PE of 45.19 and a market cap of Rs 85,186 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 low debt five-year winner profit CAGR stocks depend on earnings growth and the price paid at entry, so staggering purchases and consulting a SEBI-registered advisor is sensible.
Can Mazagon Dock become a multibagger from here?
Ans. Mazagon Dock has already gained 1573.98% in five years, so another multi-fold move would need sustained earnings growth. A multibagger outcome in low debt five-year winner profit CAGR stocks requires earnings to keep growing faster than the market for several years. Net profit has compounded at 44.01% a year since FY22, and FY26 revenue rose 12.77%. At a PE of 28.74 against an industry PE of 48.92, valuation should be checked against that growth before investing.
What is the market cap of Dixon, Mazagon Dock, Radico Khaitan and KEI Industries?
Ans. As of 9 November 2026, Dixon has a market cap of Rs 85,186 crore, Mazagon Dock has a market cap of Rs 82,030 crore, Radico Khaitan has a market cap of Rs 63,245 crore and KEI Industries has a market cap of Rs 40,145 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 low debt five-year winner profit CAGR stocks.
What are the risks of investing in low debt five-year winner profit CAGR 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 89.89 against an industry PE of 54.95, so earnings growth needs to hold up.
Why is Radico Khaitan trading at a PE of 89.89?
Ans. Radico Khaitan’s PE of 89.89 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 low debt five-year winner profit CAGR 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 Dixon, Mazagon Dock, Radico Khaitan and KEI Industries?
Ans. As of the latest reported quarter, FII and DII together hold 47.67% of Dixon (18.96% and 28.71%), 6.73% of Mazagon Dock (1.72% and 5.01%), 46.60% of Radico Khaitan (19.43% and 27.17%) and 53.22% of KEI Industries (27.32% and 25.90%). Rising institutional holding is a useful signal in low debt five-year winner profit CAGR stocks, though it should be read with earnings trends rather than on its own.
