4 Smallcap DII Favourite Stocks to Watch for Future Multibagger Potential: Jubilant FoodWorks, ACME Solar, Metropolis and Aavas Financiers
- October 26, 2026
- Posted by: Manan Bisht
- Category: Best Stocks
Jubilant FoodWorks Rs 404. ACME Solar Rs 371.85. Metropolis Rs 522.95. Aavas Financiers Rs 1,114.10. Market caps from Rs 8,794 crore to Rs 27,849 crore. Data as of 23 Oct 2026.
Quick Answer
Jubilant FoodWorks, ACME Solar, Metropolis and Aavas Financiers are the 4 picks in this DII favourite stocks watchlist, with market caps between Rs 8,794 crore and Rs 27,849 crore. Jubilant FoodWorks stands out for the highest return on equity at 18.69%, while ACME Solar offers the fastest profit growth, 68.33% a year since FY22. PE ratios run from 12.80 to 61.88, so compare each one with its industry PE before investing. All figures are as of 23 October 2026.
DII favourite stocks to watch for multibagger potential start with a simple filter: size, a clean financial record and earnings that keep growing. Jubilant FoodWorks, ACME Solar, Metropolis and Aavas Financiers meet that test, with market caps from Rs 8,794 crore to Rs 27,849 crore and Jubilant FoodWorks offering the highest return on equity at 18.69%. Each of these companies has a market capitalisation below Rs 30,000 crore and domestic institutional holding of at least 15 per cent that rose by at least 2 percentage points over the past year, and net profit rose in FY26 and in the latest quarter.
This list covers companies with a market capitalisation below Rs 30,000 crore and domestic institutional holding of at least 15 per cent that rose by at least 2 percentage points over the past year, rising profit in FY26 and the latest quarter, and complete, verifiable financials, ranked by market capitalisation. Each company has a market cap below Rs 30,000 crore. Investors screening DII favourite stocks usually begin with size and balance sheet strength, and this list follows the same logic. All figures are as of 23 October 2026 and are drawn from NSE and BSE data and company filings.
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What Are DII Favourite Stocks and Why Do They Attract Multibagger Interest?
DII favourite stocks are shares of smaller companies where domestic institutions such as mutual funds and insurers have raised their stake over the past year, a sign of strong local confidence. The four here cover quick service restaurants, solar power, diagnostics and housing finance.
Steady buying by mutual funds and insurers shows long-term domestic money backing the business. For DII favourite stocks, both FY26 and the latest quarter showed growth. With DII favourite 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 DII favourite stocks are complete. Read each company’s latest results and exchange filings before acting on DII favourite stocks.
DII Favourite Stocks at a Glance: Price, Market Cap, PE, ROE and Price to Book
Prices are closing prices as of 23 October 2026. Aavas Financiers has the lowest PE of the group at 12.80, while Jubilant FoodWorks posts the highest return on equity at 18.69%.
| Stock | CMP (Rs) | Market Cap (Rs Cr) | PE | Industry PE | ROE | Price to Book | 52-Week Range (Rs) |
|---|---|---|---|---|---|---|---|
| Jubilant FoodWorks | 404 | 27,849 | 61.88 | 59.28 | 18.69% | 12.15 | 404.00 to 622.95 |
| ACME Solar Holdings | 371.85 | 27,573 | 45.78 | 22.80 | 9.86% | 3.51 | 195.90 to 476.90 |
| Metropolis Healthcare | 522.95 | 10,956 | 54.00 | 60.75 | 12.56% | 7.29 | 453.50 to 733.00 |
| Aavas Financiers | 1,114.10 | 8,794 | 12.80 | 21.61 | 12.97% | 1.74 | 1,060.40 to 1,771.90 |
Jubilant FoodWorks: Market Cap of Rs 27,849 Crore
Jubilant FoodWorks runs Domino’s Pizza and Dunkin’ stores in India and also operates Popeyes and Hong’s Kitchen. It reported FY26 revenue of Rs 9,586.64 crore, up 17.22% year on year, and net profit of Rs 386.03 crore, up 54.37%. Revenue has compounded at 21.24% a year since FY22. Operating margin was 20.96% in FY26.
In the June 2026 quarter, revenue rose 13.55% to Rs 2,588.34 crore and net profit grew 6.03% to Rs 100.03 crore. Domestic institutions raised their holding from 33.25% in September 2025 to 40.34% in September 2026. The stock trades at a PE of 61.88 against an industry PE of 59.28, with a return on equity of 18.69%.
ACME Solar: 68.33% Profit CAGR Since FY22
ACME Solar Holdings develops and operates solar, wind and hybrid power projects, with battery storage in its pipeline. It reported FY26 revenue of Rs 2,507.08 crore, up 59.16% year on year, and net profit of Rs 497.88 crore, up 98.50%. Net profit has compounded at 68.33% a year since FY22, while revenue has grown 7.29% a year. Operating margin was 112.08% in FY26.
The stock trades at a PE of 45.78 against an industry PE of 22.80. In the June 2026 quarter, revenue rose 63.32% to Rs 953.77 crore and net profit grew 79.89% to Rs 235.33 crore. The share price is up 45.44% over the past year. Domestic institutions raised their holding from 6.61% in June 2025 to 19.10% in June 2026.
Metropolis: Revenue Up 24.15% in FY26
Metropolis Healthcare provides pathology and diagnostic services through a network of laboratories, clinical labs and collection centres. It reported FY26 revenue of Rs 1,671.43 crore, up 24.15% year on year, and net profit of Rs 191.18 crore, up 31.39%. Revenue has compounded at 7.62% a year since FY22. Operating margin was 25.63% in FY26. The debt-to-equity ratio is 0.15, which keeps interest costs low.
In the June 2026 quarter, revenue rose 15.69% to Rs 455.32 crore and net profit grew 25.70% to Rs 56.88 crore. Domestic institutions raised their holding from 32.40% in June 2025 to 35.12% in June 2026. The stock trades at a PE of 54.00 against an industry PE of 60.75, below the sector average, with a return on equity of 12.56%.
Aavas Financiers: Revenue Up 25.46% in FY24
Aavas Financiers gives home loans to low and middle income families in semi-urban and rural parts of India. It reported FY24 total income of Rs 2,020.69 crore, up 25.46% year on year, and net profit of Rs 490.69 crore, up 14.21%. Net profit has compounded at 18.48% a year since FY20, while total income has grown 22.30% a year.
The stock trades at a PE of 12.80 against an industry PE of 21.61, below the sector average, with a return on equity of 12.97%. In the March 2024 quarter, total income rose 21.40% to Rs 546.80 crore and net profit grew 12.34% to Rs 142.48 crore. Domestic institutions raised their holding from 14.14% in September 2025 to 22.40% in September 2026.
DII Favourite Stocks: Financial Comparison on Growth and Margins
The table compares scale and growth across these DII favourite 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 |
|---|---|---|---|---|---|
| Jubilant FoodWorks | 9,586.64 | 386.03 | 17.22% | 21.24% | 13.55% |
| ACME Solar | 2,507.08 | 497.88 | 59.16% | 7.29% | 63.32% |
| Metropolis | 1,671.43 | 191.18 | 24.15% | 7.62% | 15.69% |
| Aavas Financiers | 2,020.69 | 490.69 | 25.46% | 22.30% | 21.40% |
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Institutional Holding in Jubilant FoodWorks, ACME Solar, Metropolis and Aavas Financiers
Institutional holding shows who is backing these DII favourite stocks alongside the promoter. The table uses the latest reported quarter for each. Jubilant FoodWorks has the deepest institutional backing, with FII and DII together holding 53.63% as of September 2026. Domestic institutions increased their holding over the past year in Jubilant FoodWorks (from 33.25% to 40.34%), ACME Solar (from 6.61% to 19.10%), Metropolis (from 32.40% to 35.12%) and Aavas Financiers (from 14.14% to 22.40%).
| Stock | Promoter | FII | DII | Public | Quarter |
|---|---|---|---|---|---|
| Jubilant FoodWorks | 40.27% | 13.29% | 40.34% | 6.10% | September 2026 |
| ACME Solar | 71.40% | 4.39% | 19.10% | 5.11% | June 2026 |
| Metropolis | 48.86% | 11.03% | 35.12% | 4.99% | June 2026 |
| Aavas Financiers | 48.88% | 15.20% | 22.40% | 13.53% | September 2026 |
Risks to Weigh in DII Favourite Stocks
Being careful with DII favourite 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: ACME Solar trades at a PE of 45.78 against an industry PE of 22.80, 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 DII Favourite Stocks
Picking from DII favourite 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 (21.61 to 60.75) 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 DII favourite stocks, Jubilant FoodWorks stands out for the highest return on equity at 18.69%, ACME Solar for the fastest profit growth, 68.33% a year since FY22, Metropolis for 24.15% revenue growth in FY26 and Aavas Financiers for the lowest PE of the group at 12.80. 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 DII favourite 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 DII Favourite Stocks to Watch
Which are the best DII favourite stocks to watch for multibagger potential?
Ans. Jubilant FoodWorks, ACME Solar, Metropolis and Aavas Financiers are the 4 names this list highlights, with market caps of Rs 27,849 crore, Rs 27,573 crore, Rs 10,956 crore and Rs 8,794 crore respectively. Jubilant FoodWorks is notable for the highest return on equity at 18.69%. ACME Solar stands out for the fastest profit growth, 68.33% a year since FY22. Metropolis offers 24.15% revenue growth in FY26. Aavas Financiers brings the lowest PE of the group at 12.80. These are watchlist names for DII favourite stocks, not recommendations, so match each one to your own risk profile and time horizon.
Is Jubilant FoodWorks a good stock for long-term investors?
Ans. Jubilant FoodWorks has a return on equity of 18.69%, a PE of 61.88 against an industry PE of 59.28 and a market cap of Rs 27,849 crore. FY26 revenue rose 17.22%, and June 2026 quarter net profit grew 6.03%. Long-term returns in DII favourite stocks depend on earnings growth and the price paid at entry, so staggering purchases and consulting a SEBI-registered advisor is sensible.
Can ACME Solar become a multibagger from here?
Ans. ACME Solar has a market cap of Rs 27,573 crore. A multibagger outcome in DII favourite stocks requires earnings to keep growing faster than the market for several years. Net profit has compounded at 68.33% a year since FY22, and FY26 revenue rose 59.16%. At a PE of 45.78 against an industry PE of 22.80, valuation should be checked against that growth before investing.
What is the market cap of Jubilant FoodWorks, ACME Solar, Metropolis and Aavas Financiers?
Ans. As of 23 October 2026, Jubilant FoodWorks has a market cap of Rs 27,849 crore, ACME Solar has a market cap of Rs 27,573 crore, Metropolis has a market cap of Rs 10,956 crore and Aavas Financiers has a market cap of Rs 8,794 crore. All of them qualify as smallcaps. 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 DII favourite stocks.
What are the risks of investing in DII favourite 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. ACME Solar trades at a PE of 45.78 against an industry PE of 22.80, so earnings growth needs to hold up.
Why is ACME Solar trading at a PE of 45.78?
Ans. ACME Solar’s PE of 45.78 compares with an industry PE of 22.80. The market is paying a premium for profit growth of 68.33% a year since FY22, latest-quarter profit growth of 79.89% and FY26 revenue growth of 59.16%, which also means the stock is more sensitive if growth slows. Investors in DII favourite 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 Jubilant FoodWorks, ACME Solar, Metropolis and Aavas Financiers?
Ans. As of the latest reported quarter, FII and DII together hold 53.63% of Jubilant FoodWorks (13.29% and 40.34%), 23.49% of ACME Solar (4.39% and 19.10%), 46.15% of Metropolis (11.03% and 35.12%) and 37.60% of Aavas Financiers (15.20% and 22.40%). Rising institutional holding is a useful signal in DII favourite stocks, though it should be read with earnings trends rather than on its own.
