4 Midcap Profit Growing Faster Than Revenue Stocks to Watch for Future Multibagger Potential: Coforge, MCX, Kalyan Jewellers and Premier Energies
- October 29, 2026
- Posted by: Manan Bisht
- Category: Best Stocks
Coforge Rs 1,961.90. MCX Rs 3,180.60. Kalyan Jewellers Rs 510. Premier Energies Rs 845.20. Market caps from Rs 41,087 crore to Rs 88,796 crore. Data as of 28 Oct 2026.
Quick Answer
Coforge, MCX, Kalyan Jewellers and Premier Energies are the 4 picks in this profit growing faster than revenue stocks watchlist, with market caps between Rs 41,087 crore and Rs 88,796 crore. Coforge stands out for the largest market cap at Rs 88,796 crore, while MCX offers the highest return on equity at 46.75%. PE ratios run from 24.55 to 53.41, so compare each one with its industry PE before investing. All figures are as of 28 October 2026.
Profit growing faster than revenue stocks to watch for multibagger potential start with a simple filter: size, a clean financial record and earnings that keep growing. Coforge, MCX, Kalyan Jewellers and Premier Energies meet that test, with market caps from Rs 41,087 crore to Rs 88,796 crore and Coforge offering the largest market cap at Rs 88,796 crore. Each of these companies has a market capitalisation between Rs 30,000 crore and Rs 1,00,000 crore and FY26 net profit growth that is clearly faster than revenue growth, 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 net profit growth that is clearly faster than revenue growth, 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 profit growing faster than revenue stocks usually begin with size and balance sheet strength, and this list follows the same logic. All figures are as of 28 October 2026 and are drawn from NSE and BSE data and company filings.
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What Are Profit Growing Faster Than Revenue Stocks and Why Do They Attract Multibagger Interest?
Profit growing faster than revenue stocks are shares of mid sized companies whose net profit grew at a clearly faster pace than their sales in FY26, a sign that costs are under control and each extra rupee of revenue is earning more. The four here cover IT services, commodity exchange services, jewellery and solar cells.
Profit that grows faster than sales shows rising efficiency and widening margins, which is the kind of quality that supports a higher share price over time. For profit growing faster than revenue stocks, both FY26 and the latest quarter showed growth. A sensible way to study profit growing faster than revenue stocks is to look at profit growth, returns and valuation side by side. Below, each of profit growing faster than revenue stocks gets its own breakdown of growth, returns and valuation. Treat profit growing faster than revenue stocks as a research list, since share prices and rankings change with every earnings season.
Profit Growing Faster Than Revenue Stocks at a Glance: Price, Market Cap, PE and ROE
Prices are closing prices as of 28 October 2026. Premier Energies has the lowest PE of the group at 24.55, while MCX posts the highest return on equity at 46.75%.
| Stock | CMP (Rs) | Market Cap (Rs Cr) | PE | Industry PE | ROE | Debt to Equity | 52-Week Range (Rs) |
|---|---|---|---|---|---|---|---|
| Coforge | 1,961.90 | 88,796 | 46.24 | 17.66 | 16.31% | 0.08 | 1,008.10 to 2,021.20 |
| Multi Commodity Exchange of India | 3,180.60 | 82,353 | 53.41 | 42.17 | 46.75% | 0.00 | 1,762.10 to 3,481.40 |
| Kalyan Jewellers India | 510 | 53,299 | 37.16 | 46.75 | 21.41% | 0.97 | 327.05 to 648.95 |
| Premier Energies | 845.20 | 41,087 | 24.55 | 53.49 | 35.05% | 0.86 | 660.00 to 1,134.00 |
Coforge: 23.72% Profit CAGR Since FY22
Coforge is an IT services company serving clients in travel, banking, insurance and other industries. It reported FY26 revenue of Rs 16,475.90 crore, up 34.63% year on year, and net profit of Rs 1,674.50 crore, up 73.79%. Net profit has compounded at 23.72% a year since FY22, while revenue has grown 26.26% a year. Operating margin was 17.40% in FY26. The debt-to-equity ratio is 0.08, which keeps interest costs low.
In the June 2026 quarter, revenue rose 49.19% to Rs 5,554.50 crore and net profit grew 49.19% to Rs 531.70 crore. The share price has gained 73.24% over five years and 10.25% over the past year. The stock trades at a PE of 46.24 against an industry PE of 17.66, with a return on equity of 16.31%.
MCX: 74.55% Profit CAGR Since FY22
MCX is India’s leading commodity derivatives exchange, where gold, silver, crude oil, natural gas and base metals contracts are traded. It reported FY26 revenue of Rs 2,429.05 crore, up 100.94% year on year, and net profit of Rs 1,331.55 crore, up 137.76%. Net profit has compounded at 74.55% a year since FY22, while revenue has grown 53.87% a year. Operating margin was 76.83% in FY26. The debt-to-equity ratio is 0.00, which keeps interest costs low.
The stock trades at a PE of 53.41 against an industry PE of 42.17, with a return on equity of 46.75%. In the June 2026 quarter, revenue rose 85.25% to Rs 751.79 crore and net profit grew 103.47% to Rs 413.44 crore. The share price has gained 720.06% over five years and 69.44% over the past year. Foreign investors raised their holding from 21.69% in June 2025 to 29.84% in June 2026.
Kalyan Jewellers: 56.69% Profit CAGR Since FY22
Kalyan Jewellers is one of the largest jewellery retailers in India, with showrooms across India and the Middle East. It reported FY26 revenue of Rs 35,950.88 crore, up 42.72% year on year, and net profit of Rs 1,350.39 crore, up 89.09%. Net profit has compounded at 56.69% a year since FY22, while revenue has grown 34.90% a year. Operating margin was 7.62% in FY26.
In the June 2026 quarter, revenue rose 45.52% to Rs 10,644.67 crore and net profit grew 32.03% to Rs 348.67 crore. The share price has gained 618.28% over five years and 14.90% over the past year. Promoters hold 62.85%, which keeps ownership stable. The stock trades at a PE of 37.16 against an industry PE of 46.75, below the sector average, with a return on equity of 21.41%.
Premier Energies: Revenue Up 20.65% in FY26
Premier Energies makes solar cells and modules at manufacturing plants in Telangana. It reported FY26 revenue of Rs 8,025.91 crore, up 20.65% year on year, and net profit of Rs 1,509.69 crore, up 61.10%. Revenue has compounded at 79.85% a year since FY22. Operating margin was 33.02% in FY26.
The stock trades at a PE of 24.55 against an industry PE of 53.49, below the sector average, with a return on equity of 35.05%. In the June 2026 quarter, revenue rose 34.13% to Rs 2,507.63 crore and net profit grew 53.33% to Rs 471.92 crore. Domestic institutions raised their holding from 13.26% in September 2025 to 18.88% in September 2026.
Profit Growing Faster Than Revenue Stocks: Financial Comparison on Growth and Margins
The table compares scale and growth across these profit growing faster than revenue 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) |
|---|---|---|---|---|---|---|
| Coforge | 16,475.90 | 1,674.50 | 34.63% | 26.26% | 49.19% | 18.63% |
| MCX | 2,429.05 | 1,331.55 | 100.94% | 53.87% | 85.25% | 77.49% |
| Kalyan Jewellers | 35,950.88 | 1,350.39 | 42.72% | 34.90% | 45.52% | 6.50% |
| Premier Energies | 8,025.91 | 1,509.69 | 20.65% | 79.85% | 34.13% | 30.86% |
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Institutional Holding in Coforge, MCX, Kalyan Jewellers and Premier Energies
Institutional holding shows who is backing these profit growing faster than revenue stocks alongside the promoter. The table uses the latest reported quarter for each. MCX has the deepest institutional backing, with FII and DII together holding 80.65% as of June 2026. Domestic institutions increased their holding over the past year in Premier Energies (from 13.26% to 18.88%).
| Stock | Promoter | FII | DII | Public | Quarter |
|---|---|---|---|---|---|
| Coforge | Nil | 24.31% | 42.62% | 33.07% | June 2026 |
| MCX | Nil | 29.84% | 50.81% | 19.34% | June 2026 |
| Kalyan Jewellers | 62.85% | 13.83% | 14.41% | 8.91% | September 2026 |
| Premier Energies | 58.49% | 7.12% | 18.88% | 15.51% | September 2026 |
Risks to Weigh in Profit Growing Faster Than Revenue Stocks
Being careful with profit growing faster than revenue 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: Coforge trades at a PE of 46.24 against an industry PE of 17.66, 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 Profit Growing Faster Than Revenue Stocks
Picking from profit growing faster than revenue 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 (17.66 to 53.49) 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 profit growing faster than revenue stocks, Coforge stands out for the largest market cap at Rs 88,796 crore, MCX for the highest return on equity at 46.75%, Kalyan Jewellers for 42.72% revenue growth in FY26 and Premier Energies for the lowest PE of the group at 24.55. 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 profit growing faster than revenue 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 Profit Growing Faster Than Revenue Stocks to Watch
Which are the best profit growing faster than revenue stocks to watch for multibagger potential?
Ans. Coforge, MCX, Kalyan Jewellers and Premier Energies are the 4 names this list highlights, with market caps of Rs 88,796 crore, Rs 82,353 crore, Rs 53,299 crore and Rs 41,087 crore respectively. Coforge is notable for the largest market cap at Rs 88,796 crore. MCX stands out for the highest return on equity at 46.75%. Kalyan Jewellers offers 42.72% revenue growth in FY26. Premier Energies brings the lowest PE of the group at 24.55. These are watchlist names for profit growing faster than revenue stocks, not recommendations, so match each one to your own risk profile and time horizon.
Is MCX a good stock for long-term investors?
Ans. MCX has a return on equity of 46.75%, a PE of 53.41 against an industry PE of 42.17 and a market cap of Rs 82,353 crore. Net profit has compounded at 74.55% a year since FY22, and FY26 revenue rose 100.94% while June 2026 quarter net profit grew 103.47%. Long-term returns in profit growing faster than revenue stocks depend on earnings growth and the price paid at entry, so staggering purchases and consulting a SEBI-registered advisor is sensible.
Can Kalyan Jewellers become a multibagger from here?
Ans. Kalyan Jewellers has already gained 618.28% in five years, so another multi-fold move would need sustained earnings growth. A multibagger outcome in profit growing faster than revenue stocks requires earnings to keep growing faster than the market for several years. Net profit has compounded at 56.69% a year since FY22, and FY26 revenue rose 42.72%. At a PE of 37.16 against an industry PE of 46.75, valuation should be checked against that growth before investing.
What is the market cap of Coforge, MCX, Kalyan Jewellers and Premier Energies?
Ans. As of 28 October 2026, Coforge has a market cap of Rs 88,796 crore, MCX has a market cap of Rs 82,353 crore, Kalyan Jewellers has a market cap of Rs 53,299 crore and Premier Energies has a market cap of Rs 41,087 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 profit growing faster than revenue stocks.
What are the risks of investing in profit growing faster than revenue 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. Coforge trades at a PE of 46.24 against an industry PE of 17.66, so earnings growth needs to hold up.
Why is Coforge trading at a PE of 46.24?
Ans. Coforge’s PE of 46.24 compares with an industry PE of 17.66. The market is paying a premium for a return on equity of 16.31%, profit growth of 23.72% a year since FY22 and latest-quarter profit growth of 49.19%, which also means the stock is more sensitive if growth slows. Investors in profit growing faster than revenue 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 Coforge, MCX, Kalyan Jewellers and Premier Energies?
Ans. As of the latest reported quarter, FII and DII together hold 66.93% of Coforge (24.31% and 42.62%), 80.65% of MCX (29.84% and 50.81%), 28.24% of Kalyan Jewellers (13.83% and 14.41%) and 26.00% of Premier Energies (7.12% and 18.88%). Rising institutional holding is a useful signal in profit growing faster than revenue stocks, though it should be read with earnings trends rather than on its own.
