4 Midcap Stocks With Profit Growth Above 25 Per Cent to Watch for Future Multibagger Potential: Vedanta, Persistent Systems, Lupin and Coforge
- October 22, 2026
- Posted by: Manan Bisht
- Category: Best Stocks
Vedanta Rs 236.85. Persistent Systems Rs 5,858.50. Lupin Rs 1,964. Coforge Rs 1,951. Market caps from Rs 86,393 crore to Rs 96,235 crore. Data as of 21 Oct 2026.
Quick Answer
Vedanta, Persistent Systems, Lupin and Coforge are the 4 picks in this stocks with profit growth above 25 per cent watchlist, with market caps between Rs 86,393 crore and Rs 96,235 crore. Vedanta stands out for the strongest latest-quarter profit growth at 77.65%, while Persistent Systems offers the highest return on equity at 23.80%. PE ratios run from 3.37 to 48.32, so compare each one with its industry PE before investing. All figures are as of 21 October 2026.
Stocks with profit growth above 25 per cent to watch for multibagger potential start with a simple filter: size, a clean financial record and earnings that keep growing. Vedanta, Persistent Systems, Lupin and Coforge meet that test, with market caps from Rs 86,393 crore to Rs 96,235 crore and Vedanta offering the strongest latest-quarter profit growth at 77.65%. Each of these companies has a market capitalisation between Rs 30,000 crore and Rs 1,00,000 crore and FY26 profit growth of at least 25 per cent, 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 profit growth of at least 25 per cent, 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 stocks with profit growth above 25 per cent usually begin with size and balance sheet strength, and this list follows the same logic. All figures are as of 21 October 2026 and are drawn from NSE and BSE data and company filings.
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What Are Stocks With Profit Growth Above 25 Per Cent and Why Do They Attract Multibagger Interest?
Stocks with profit growth above 25 per cent are shares of mid-sized companies that are growing profit at a fast pace. The four here cover metals, two IT services companies and pharmaceuticals.
Mid-sized companies with fast profit growth can move up the market cap ranking. For stocks with profit growth above 25 per cent, latest quarter profit also rose. With stocks with profit growth above 25 per cent, 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 stocks with profit growth above 25 per cent are complete. Read each company’s latest results and exchange filings before acting on stocks with profit growth above 25 per cent.
Stocks With Profit Growth Above 25 Per Cent at a Glance: Price, Market Cap, PE and ROE
Prices are closing prices as of 21 October 2026. Vedanta has the lowest PE of the group at 3.37, while Persistent Systems posts the highest return on equity at 23.80%.
| Stock | CMP (Rs) | Market Cap (Rs Cr) | PE | Industry PE | ROE | Debt to Equity | 52-Week Range (Rs) |
|---|---|---|---|---|---|---|---|
| Vedanta | 236.85 | 96,235 | 3.37 | 12.27 | 9.55% | 0.56 | 236.85 to 795.00 |
| Persistent Systems | 5,858.50 | 92,936 | 48.32 | 18.27 | 23.80% | 0.06 | 4,244.50 to 6,599.00 |
| Lupin | 1,964 | 89,592 | 16.14 | 36.42 | 23.76% | 0.29 | 1,900.00 to 2,529.50 |
| Coforge | 1,951 | 86,393 | 44.99 | 17.66 | 16.31% | 0.08 | 1,008.10 to 2,021.20 |
Vedanta: Revenue Up 23.92% in FY26
Vedanta is a diversified natural resources company with operations in zinc, aluminium, oil and gas, copper and iron ore. It reported FY26 revenue of Rs 79,987 crore, up 23.92% year on year, and net profit of Rs 12,480 crore, up 34.54%. Operating margin was 31.43% in FY26.
In the June 2026 quarter, revenue rose 53.37% to Rs 24,747 crore and net profit grew 77.65% to Rs 7,918 crore. Foreign investors raised their holding from 10.60% in June 2025 to 15.77% in June 2026. The stock trades at a PE of 3.37 against an industry PE of 12.27, below the sector average.
Persistent Systems: 28.20% Profit CAGR Since FY22
Persistent Systems is a digital engineering company that builds software products and AI-led platforms for clients in banking, healthcare and technology. It reported FY26 revenue of Rs 14,928.88 crore, up 23.62% year on year, and net profit of Rs 1,865.12 crore, up 33.21%. Net profit has compounded at 28.20% a year since FY22, while revenue has grown 26.37% a year. Operating margin was 19.57% in FY26. The debt-to-equity ratio is 0.06, which keeps interest costs low.
The stock trades at a PE of 48.32 against an industry PE of 18.27, with a return on equity of 23.80%. In the June 2026 quarter, revenue rose 29.09% to Rs 4,373.87 crore and net profit grew 13.67% to Rs 483.04 crore. The share price has gained 177.49% over five years. Domestic institutions raised their holding from 30.60% in September 2025 to 31.96% in September 2026.
Lupin: Revenue Up 26.76% in FY26
Lupin is a global pharmaceutical company with a large presence in the United States, India and other markets across generics, branded drugs and respiratory products. It reported FY26 revenue of Rs 29,038.95 crore, up 26.76% year on year, and net profit of Rs 5,355.47 crore, up 61.98%. Revenue has compounded at 14.98% a year since FY22. Operating margin was 31.06% in FY26. The debt-to-equity ratio is 0.29.
In the June 2026 quarter, revenue rose 32.45% to Rs 8,407.21 crore and net profit grew 16.01% to Rs 1,416.98 crore. The share price has gained 111.00% over five years. Foreign investors raised their holding from 21.25% in June 2025 to 22.42% in June 2026. The stock trades at a PE of 16.14 against an industry PE of 36.42, below the sector average, with a return on equity of 23.76%.
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.
The stock trades at a PE of 44.99 against an industry PE of 17.66, with a return on equity of 16.31%. 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.
Stocks With Profit Growth Above 25 Per Cent: Financial Comparison on Growth and Margins
The table compares scale and growth across these stocks with profit growth above 25 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) | Operating Margin (Latest Quarter) |
|---|---|---|---|---|---|---|
| Vedanta | 79,987 | 12,480 | 23.92% | 53.37% | 34.54% | 49.74% |
| Persistent Systems | 14,928.88 | 1,865.12 | 23.62% | 29.09% | 33.21% | 17.84% |
| Lupin | 29,038.95 | 5,355.47 | 26.76% | 32.45% | 61.98% | 31.40% |
| Coforge | 16,475.90 | 1,674.50 | 34.63% | 49.19% | 73.79% | 18.63% |
Check the Univest Screener for live data on these stocks with profit growth above 25 per cent
Institutional Holding in Vedanta, Persistent Systems, Lupin and Coforge
Institutional holding shows who is backing these stocks with profit growth above 25 per cent alongside the promoter. The table uses the latest reported quarter for each. Coforge has the deepest institutional backing, with FII and DII together holding 66.93% as of June 2026. Domestic institutions increased their holding over the past year in Persistent Systems (from 30.60% to 31.96%).
| Stock | Promoter | FII | DII | Public | Quarter |
|---|---|---|---|---|---|
| Vedanta | 54.72% | 15.77% | 10.83% | 18.67% | June 2026 |
| Persistent Systems | 30.29% | 20.79% | 31.96% | 16.96% | September 2026 |
| Lupin | 46.85% | 22.42% | 24.65% | 6.08% | June 2026 |
| Coforge | Nil | 24.31% | 42.62% | 33.07% | June 2026 |
Risks to Weigh in Stocks With Profit Growth Above 25 Per Cent
Being careful with stocks with profit growth above 25 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: Persistent Systems trades at a PE of 48.32 against an industry PE of 18.27, 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 Stocks With Profit Growth Above 25 Per Cent
Picking from stocks with profit growth above 25 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 (12.27 to 36.42) 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 Vedanta, Persistent Systems, Lupin and Coforge live prices.
Conclusion
Among stocks with profit growth above 25 per cent, Vedanta stands out for the strongest latest-quarter profit growth at 77.65%, Persistent Systems for the highest return on equity at 23.80%, Lupin for 26.76% revenue growth in FY26 and Coforge for a nearly debt-free balance sheet, with a debt-to-equity ratio of 0.08. 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 profit growth above 25 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 Profit Growth Above 25 Per Cent to Watch
Which are the best stocks with profit growth above 25 per cent to watch for multibagger potential?
Ans. Vedanta, Persistent Systems, Lupin and Coforge are the 4 names this list highlights, with market caps of Rs 96,235 crore, Rs 92,936 crore, Rs 89,592 crore and Rs 86,393 crore respectively. Vedanta is notable for the strongest latest-quarter profit growth at 77.65%. Persistent Systems stands out for the highest return on equity at 23.80%. Lupin offers 26.76% revenue growth in FY26. Coforge brings a nearly debt-free balance sheet, with a debt-to-equity ratio of 0.08. These are watchlist names for stocks with profit growth above 25 per cent, not recommendations, so match each one to your own risk profile and time horizon.
Is Persistent Systems a good stock for long-term investors?
Ans. Persistent Systems has a return on equity of 23.80%, a PE of 48.32 against an industry PE of 18.27 and a market cap of Rs 92,936 crore. Net profit has compounded at 28.20% a year since FY22, and FY26 revenue rose 23.62% while June 2026 quarter net profit grew 13.67%. Long-term returns in stocks with profit growth above 25 per cent depend on earnings growth and the price paid at entry, so staggering purchases and consulting a SEBI-registered advisor is sensible.
Can Coforge become a multibagger from here?
Ans. Coforge has already gained 73.24% in five years, so another multi-fold move would need sustained earnings growth. A multibagger outcome in stocks with profit growth above 25 per cent requires earnings to keep growing faster than the market for several years. Net profit has compounded at 23.72% a year since FY22, and FY26 revenue rose 34.63%. At a PE of 44.99 against an industry PE of 17.66, valuation should be checked against that growth before investing.
What is the market cap of Vedanta, Persistent Systems, Lupin and Coforge?
Ans. As of 21 October 2026, Vedanta has a market cap of Rs 96,235 crore, Persistent Systems has a market cap of Rs 92,936 crore, Lupin has a market cap of Rs 89,592 crore and Coforge has a market cap of Rs 86,393 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 stocks with profit growth above 25 per cent.
What are the risks of investing in stocks with profit growth above 25 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. Persistent Systems trades at a PE of 48.32 against an industry PE of 18.27, so earnings growth needs to hold up.
Why is Persistent Systems trading at a PE of 48.32?
Ans. Persistent Systems’ PE of 48.32 compares with an industry PE of 18.27. The market is paying a premium for a return on equity of 23.80%, profit growth of 28.20% a year since FY22 and latest-quarter profit growth of 13.67%, which also means the stock is more sensitive if growth slows. Investors in stocks with profit growth above 25 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 Vedanta, Persistent Systems, Lupin and Coforge?
Ans. As of the latest reported quarter, FII and DII together hold 26.60% of Vedanta (15.77% and 10.83%), 52.75% of Persistent Systems (20.79% and 31.96%), 47.07% of Lupin (22.42% and 24.65%) and 66.93% of Coforge (24.31% and 42.62%). Rising institutional holding is a useful signal in stocks with profit growth above 25 per cent, though it should be read with earnings trends rather than on its own.
