4 Smallcap Latest Quarter Profit Growth 25-50 Per Cent Stocks to Watch for Future Multibagger Potential: Kalpataru Projects, Happy Forgings, VA Tech Wabag and Saregama
- October 27, 2026
- Posted by: Manan Bisht
- Category: Best Stocks
Kalpataru Projects Rs 1,295.90. Happy Forgings Rs 1,758.40. VA Tech Wabag Rs 1,707.40. Saregama Rs 489.05. Market caps from Rs 9,308 crore to Rs 23,797 crore. Data as of 26 Oct 2026.
Quick Answer
Kalpataru Projects, Happy Forgings, VA Tech Wabag and Saregama are the 4 picks in this latest quarter profit growth 25-50 per cent stocks watchlist, with market caps between Rs 9,308 crore and Rs 23,797 crore. Kalpataru Projects stands out for the strongest latest-quarter profit growth at 45.85%, while Happy Forgings offers 9.04% revenue growth in FY26. PE ratios run from 21.09 to 53.44, so compare each one with its industry PE before investing. All figures are as of 26 October 2026.
Latest quarter profit growth 25-50 per cent stocks to watch for multibagger potential start with a simple filter: size, a clean financial record and earnings that keep growing. Kalpataru Projects, Happy Forgings, VA Tech Wabag and Saregama meet that test, with market caps from Rs 9,308 crore to Rs 23,797 crore and Kalpataru Projects offering the strongest latest-quarter profit growth at 45.85%. Each of these companies has a market capitalisation below Rs 30,000 crore and latest quarter net profit growth between 25 and 50 per cent over the same quarter a year earlier, 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 below Rs 30,000 crore and latest quarter net profit growth between 25 and 50 per cent over the same quarter a year earlier, 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 below Rs 30,000 crore. Investors screening latest quarter profit growth 25-50 per cent 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 Latest Quarter Profit Growth 25-50 Per Cent Stocks and Why Do They Attract Multibagger Interest?
Latest quarter profit growth 25-50 per cent stocks are shares of smaller companies whose net profit in the latest quarter grew 25 to 50 per cent over the same quarter last year, showing that earnings momentum is building. The four here cover engineering and construction, forgings, water treatment and music.
Strong quarterly growth backed by a rising full-year profit shows momentum that has a solid base under it. For latest quarter profit growth 25-50 per cent stocks, both FY26 and the latest quarter showed growth. Whichever way you read latest quarter profit growth 25-50 per cent stocks, the common thread is rising profit backed by complete financial data. For latest quarter profit growth 25-50 per cent stocks, checking each result against the latest quarter matters more than any single ratio. The next sections explain what stands out in each of latest quarter profit growth 25-50 per cent stocks, using FY26 and latest quarter data. Prices move daily, so recheck the figures for latest quarter profit growth 25-50 per cent stocks before you decide.
Latest Quarter Profit Growth 25-50 Per Cent Stocks at a Glance: Price, Market Cap, PE and ROE
Prices are closing prices as of 26 October 2026. Kalpataru Projects has the lowest PE of the group at 21.09, while VA Tech Wabag posts the highest return on equity at 14.42%.
| Stock | CMP (Rs) | Market Cap (Rs Cr) | PE | Industry PE | ROE | Debt to Equity | 52-Week Range (Rs) |
|---|---|---|---|---|---|---|---|
| Kalpataru Projects International | 1,295.90 | 23,797 | 21.09 | 22.89 | 13.37% | 0.46 | 1,007.10 to 1,490.00 |
| Happy Forgings | 1,758.40 | 17,494 | 53.44 | 52.03 | 14.17% | 0.15 | 888.75 to 2,470.00 |
| VA Tech Wabag | 1,707.40 | 10,591 | 26.87 | 22.80 | 14.42% | 0.09 | 1,033.00 to 2,319.00 |
| Saregama India | 489.05 | 9,308 | 42.09 | 26.08 | 12.23% | 0.04 | 307.05 to 574.50 |
Kalpataru Projects: Revenue Up 21.76% in FY26
Kalpataru Projects International executes transmission, railway, building and water projects in India and abroad. It reported FY26 revenue of Rs 27,247.93 crore, up 21.76% year on year, and net profit of Rs 1,030.63 crore, up 81.68%. Net profit has compounded at 17.81% a year since FY22, while revenue has grown 16.35% a year. Operating margin was 9.48% in FY26. The debt-to-equity ratio is 0.46.
In the June 2026 quarter, revenue rose 4.81% to Rs 6,485.17 crore and net profit grew 45.85% to Rs 311.53 crore. The stock trades at a PE of 21.09 against an industry PE of 22.89, below the sector average, with a return on equity of 13.37%.
Happy Forgings: 20.66% Profit CAGR Since FY22
Happy Forgings makes complex, safety-critical forged and machined components for commercial vehicles, passenger vehicles, tractors and industrial customers. It reported FY26 revenue of Rs 1,577.15 crore, up 9.04% year on year, and net profit of Rs 301.63 crore, up 12.78%. Net profit has compounded at 20.66% a year since FY22, while revenue has grown 16.16% a year. Operating margin was 32.43% in FY26. The debt-to-equity ratio is 0.15, which keeps interest costs low.
The stock trades at a PE of 53.44 against an industry PE of 52.03, with a return on equity of 14.17%. In the June 2026 quarter, revenue rose 26.46% to Rs 460.50 crore and net profit grew 39.23% to Rs 91.46 crore. The share price is up 97.54% over the past year. Foreign investors raised their holding from 2.02% in September 2025 to 2.37% in September 2026.
VA Tech Wabag: 29.36% Profit CAGR Since FY22
VA Tech Wabag designs and builds water and wastewater treatment plants, desalination plants and recycling systems for cities and industry. It reported FY26 revenue of Rs 4,038.50 crore, up 20.96% year on year, and net profit of Rs 369.80 crore, up 25.44%. Net profit has compounded at 29.36% a year since FY22, while revenue has grown 7.61% a year. Operating margin was 14.39% in FY26. The debt-to-equity ratio is 0.09, which keeps interest costs low.
In the June 2026 quarter, revenue rose 25.96% to Rs 938.80 crore and net profit grew 36.93% to Rs 90.10 crore. The share price has gained 462.01% over five years and 34.66% over the past year. Domestic institutions raised their holding from 3.67% in June 2025 to 6.33% in June 2026. The stock trades at a PE of 26.87 against an industry PE of 22.80, with a return on equity of 14.42%.
Saregama: Debt-to-Equity of 0.04
Saregama India owns one of the largest Indian music catalogues and earns from music licensing, film and series production and consumer products such as Carvaan. It reported FY26 revenue of Rs 1,026.88 crore and net profit of Rs 206.22 crore, up 0.97%. Net profit has compounded at 5.83% a year since FY22, while revenue has grown 13.86% a year. Operating margin was 37.69% in FY26. The debt-to-equity ratio is 0.04, which keeps interest costs low.
The stock trades at a PE of 42.09 against an industry PE of 26.08, with a return on equity of 12.23%. In the June 2026 quarter, revenue rose 21.18% to Rs 267.81 crore and net profit grew 42.10% to Rs 51.88 crore. Domestic institutions raised their holding from 5.22% in June 2025 to 8.60% in June 2026.
Latest Quarter Profit Growth 25-50 Per Cent Stocks: Financial Comparison on Growth and Margins
The table compares scale and growth across these latest quarter profit growth 25-50 per cent 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) | 4-Year Revenue CAGR | 4-Year Net Profit CAGR | Latest Quarter Revenue Growth | Operating Margin (Latest Quarter) |
|---|---|---|---|---|---|---|
| Kalpataru Projects | 27,247.93 | 1,030.63 | 16.35% | 17.81% | 4.81% | 9.97% |
| Happy Forgings | 1,577.15 | 301.63 | 16.16% | 20.66% | 26.46% | 33.81% |
| VA Tech Wabag | 4,038.50 | 369.80 | 7.61% | 29.36% | 25.96% | 15.45% |
| Saregama | 1,026.88 | 206.22 | 13.86% | 5.83% | 21.18% | 36.54% |
Check the Univest Screener for live data on these latest quarter profit growth 25-50 per cent stocks
Institutional Holding in Kalpataru Projects, Happy Forgings, VA Tech Wabag and Saregama
Institutional holding shows who is backing these latest quarter profit growth 25-50 per cent stocks alongside the promoter. The table uses the latest reported quarter for each. Kalpataru Projects has the deepest institutional backing, with FII and DII together holding 55.61% as of June 2026. Domestic institutions increased their holding over the past year in VA Tech Wabag (from 3.67% to 6.33%) and Saregama (from 5.22% to 8.60%).
| Stock | Promoter | FII | DII | Public | Quarter |
|---|---|---|---|---|---|
| Kalpataru Projects | 33.58% | 10.78% | 44.83% | 10.81% | June 2026 |
| Happy Forgings | 78.44% | 2.37% | 14.93% | 4.26% | September 2026 |
| VA Tech Wabag | 19.08% | 18.26% | 6.33% | 56.34% | June 2026 |
| Saregama | 60.84% | 11.50% | 8.60% | 19.06% | June 2026 |
Risks to Weigh in Latest Quarter Profit Growth 25-50 Per Cent Stocks
Being careful with latest quarter profit growth 25-50 per cent 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: Saregama trades at a PE of 42.09 against an industry PE of 26.08, 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 Latest Quarter Profit Growth 25-50 Per Cent Stocks
Picking from latest quarter profit growth 25-50 per cent 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 (22.80 to 52.03) 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 latest quarter profit growth 25-50 per cent stocks, Kalpataru Projects stands out for the strongest latest-quarter profit growth at 45.85%, Happy Forgings for 9.04% revenue growth in FY26, VA Tech Wabag for the fastest profit growth, 29.36% a year since FY22 and Saregama 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 latest quarter profit growth 25-50 per cent 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 Latest Quarter Profit Growth 25-50 Per Cent Stocks to Watch
Which are the best latest quarter profit growth 25-50 per cent stocks to watch for multibagger potential?
Ans. Kalpataru Projects, Happy Forgings, VA Tech Wabag and Saregama are the 4 names this list highlights, with market caps of Rs 23,797 crore, Rs 17,494 crore, Rs 10,591 crore and Rs 9,308 crore respectively. Kalpataru Projects is notable for the strongest latest-quarter profit growth at 45.85%. Happy Forgings stands out for 9.04% revenue growth in FY26. VA Tech Wabag offers the fastest profit growth, 29.36% a year since FY22. Saregama brings a nearly debt-free balance sheet, with a debt-to-equity ratio of 0.04. These are watchlist names for latest quarter profit growth 25-50 per cent stocks, not recommendations, so match each one to your own risk profile and time horizon.
Is VA Tech Wabag a good stock for long-term investors?
Ans. VA Tech Wabag has a return on equity of 14.42%, a PE of 26.87 against an industry PE of 22.80 and a market cap of Rs 10,591 crore. Net profit has compounded at 29.36% a year since FY22, and FY26 revenue rose 20.96% while June 2026 quarter net profit grew 36.93%. Long-term returns in latest quarter profit growth 25-50 per cent stocks depend on earnings growth and the price paid at entry, so staggering purchases and consulting a SEBI-registered advisor is sensible.
Can Happy Forgings become a multibagger from here?
Ans. Happy Forgings has a market cap of Rs 17,494 crore. A multibagger outcome in latest quarter profit growth 25-50 per cent stocks requires earnings to keep growing faster than the market for several years. Net profit has compounded at 20.66% a year since FY22, and FY26 revenue rose 9.04%. At a PE of 53.44 against an industry PE of 52.03, valuation should be checked against that growth before investing.
What is the market cap of Kalpataru Projects, Happy Forgings, VA Tech Wabag and Saregama?
Ans. As of 26 October 2026, Kalpataru Projects has a market cap of Rs 23,797 crore, Happy Forgings has a market cap of Rs 17,494 crore, VA Tech Wabag has a market cap of Rs 10,591 crore and Saregama has a market cap of Rs 9,308 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 latest quarter profit growth 25-50 per cent stocks.
What are the risks of investing in latest quarter profit growth 25-50 per cent 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. Saregama trades at a PE of 42.09 against an industry PE of 26.08, so earnings growth needs to hold up.
Why is Saregama trading at a PE of 42.09?
Ans. Saregama’s PE of 42.09 compares with an industry PE of 26.08. The market is paying a premium for latest-quarter profit growth of 42.10%, which also means the stock is more sensitive if growth slows. Investors in latest quarter profit growth 25-50 per cent 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 Kalpataru Projects, Happy Forgings, VA Tech Wabag and Saregama?
Ans. As of the latest reported quarter, FII and DII together hold 55.61% of Kalpataru Projects (10.78% and 44.83%), 17.30% of Happy Forgings (2.37% and 14.93%), 24.59% of VA Tech Wabag (18.26% and 6.33%) and 20.10% of Saregama (11.50% and 8.60%). Rising institutional holding is a useful signal in latest quarter profit growth 25-50 per cent stocks, though it should be read with earnings trends rather than on its own.
