4 Smallcap Rising DII Holding Stocks to Watch for Future Multibagger Potential: Elgi Equipments, Garware Hi-Tech Films, Travel Food Services and Vijaya Diagnostic
- October 27, 2026
- Posted by: Manan Bisht
- Category: Best Stocks
Elgi Equipments Rs 520.20. Garware Hi-Tech Films Rs 6,977. Travel Food Services Rs 1,139.90. Vijaya Diagnostic Rs 1,395.80. Market caps from Rs 14,515 crore to Rs 17,716 crore. Data as of 26 Oct 2026.
Quick Answer
Elgi Equipments, Garware Hi-Tech Films, Travel Food Services and Vijaya Diagnostic are the 4 picks in this rising DII holding stocks watchlist, with market caps between Rs 14,515 crore and Rs 17,716 crore. Elgi Equipments stands out for the fastest profit growth, 24.61% a year since FY22, while Garware Hi-Tech Films offers the strongest latest-quarter profit growth at 59.78%. PE ratios run from 31.18 to 77.43, so compare each one with its industry PE before investing. All figures are as of 26 October 2026.
Rising DII holding stocks to watch for multibagger potential start with a simple filter: size, a clean financial record and earnings that keep growing. Elgi Equipments, Garware Hi-Tech Films, Travel Food Services and Vijaya Diagnostic meet that test, with market caps from Rs 14,515 crore to Rs 17,716 crore and Elgi Equipments offering the fastest profit growth, 24.61% a year since FY22. Each of these companies has a market capitalisation below Rs 30,000 crore and domestic institutional holding that rose by at least 0.5 percentage point over the past year, a return on equity of at least 12 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 domestic institutional holding that rose by at least 0.5 percentage point over the past year, a return on equity of at least 12 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 rising DII holding 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 Rising DII Holding Stocks and Why Do They Attract Multibagger Interest?
Rising DII holding stocks are shares of smaller companies where mutual funds, insurers and other domestic institutions have raised their stake over the past year. The four here cover air compressors, speciality films, airport food services and diagnostics.
Steady buying by domestic funds shows that long-term Indian money keeps finding value in the business. For rising DII holding stocks, both FY26 and the latest quarter showed growth. With rising DII holding 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 rising DII holding stocks are complete. Read each company’s latest results and exchange filings before acting on rising DII holding stocks.
Rising DII Holding Stocks at a Glance: Price, Market Cap, PE and ROE
Prices are closing prices as of 26 October 2026. Travel Food Services combines the lowest PE of the group, 31.18, with the highest return on equity, 30.57%.
| Stock | CMP (Rs) | Market Cap (Rs Cr) | PE | Industry PE | ROE | Debt to Equity | 52-Week Range (Rs) |
|---|---|---|---|---|---|---|---|
| Elgi Equipments | 520.20 | 17,716 | 39.56 | 45.93 | 19.28% | 0.24 | 408.25 to 653.40 |
| Garware Hi-Tech Films | 6,977 | 16,560 | 42.69 | 23.09 | 12.73% | 0.01 | 2,690.70 to 7,990.00 |
| Travel Food Services | 1,139.90 | 15,160 | 31.18 | 59.28 | 30.57% | 0.17 | 1,035.30 to 1,470.90 |
| Vijaya Diagnostic Centre | 1,395.80 | 14,515 | 77.43 | 60.75 | 18.07% | 0.44 | 848.00 to 1,593.60 |
Elgi Equipments: 24.61% Profit CAGR Since FY22
Elgi Equipments makes air compressors for industrial customers in India and overseas. It reported FY26 revenue of Rs 4,068.50 crore, up 14.02% year on year, and net profit of Rs 430.20 crore, up 22.84%. Net profit has compounded at 24.61% a year since FY22, while revenue has grown 12.06% a year. Operating margin was 17.53% in FY26. The debt-to-equity ratio is 0.24.
In the June 2026 quarter, revenue rose 22.13% to Rs 1,082.60 crore and net profit grew 20.68% to Rs 103.30 crore. The share price has gained 182.78% over five years and 21.42% over the past year. Domestic institutions raised their holding from 5.23% in June 2025 to 10.13% in June 2026. The stock trades at a PE of 39.56 against an industry PE of 45.93, below the sector average, with a return on equity of 19.28%.
Garware Hi-Tech Films: Debt-to-Equity of 0.01
Garware Hi-Tech Films makes polyester films, including solar control films and paint protection films, for global markets. It reported FY26 revenue of Rs 2,184.95 crore, up 0.98% year on year, and net profit of Rs 338.23 crore, up 2.12%. Net profit has compounded at 19.26% a year since FY22, while revenue has grown 12.96% a year. Operating margin was 23.56% in FY26. The debt-to-equity ratio is 0.01, which keeps interest costs low.
The stock trades at a PE of 42.69 against an industry PE of 23.09, with a return on equity of 12.73%. In the June 2026 quarter, revenue rose 28.41% to Rs 652.80 crore and net profit grew 59.78% to Rs 132.65 crore. The share price is up 114.48% over the past year. Domestic institutions raised their holding from 4.89% in June 2025 to 6.35% in June 2026.
Travel Food Services: Return on Equity of 30.57%
Travel Food Services runs food and beverage outlets and lounges at airports and other travel locations. It reported FY26 revenue of Rs 1,742.64 crore and net profit of Rs 452.32 crore, up 19.14%. Revenue has compounded at 43.82% a year since FY22. Operating margin was 49.14% in FY26. The debt-to-equity ratio is 0.17.
In the June 2026 quarter, revenue rose 25.92% to Rs 498.38 crore and net profit grew 35.58% to Rs 128.75 crore. Domestic institutions raised their holding from 5.09% in July 2025 to 10.02% in June 2026. The stock trades at a PE of 31.18 against an industry PE of 59.28, below the sector average, with a return on equity of 30.57%.
Vijaya Diagnostic: Quarterly Profit Up 37.60%
Vijaya Diagnostic Centre runs diagnostic centres offering pathology and radiology services, with a strong base in South India. It reported FY26 revenue of Rs 835 crore, up 19.34% year on year, and net profit of Rs 172.98 crore, up 20.30%. Net profit has compounded at 11.81% a year since FY22, while revenue has grown 15.13% a year. Operating margin was 43.94% in FY26. The debt-to-equity ratio is 0.44.
The stock trades at a PE of 77.43 against an industry PE of 60.75, with a return on equity of 18.07%. In the June 2026 quarter, revenue rose 22.76% to Rs 239.51 crore and net profit grew 37.60% to Rs 53.10 crore. The share price has gained 141.31% over five years and 38.44% over the past year. Domestic institutions raised their holding from 25.34% in September 2025 to 32.50% in September 2026.
Rising DII Holding Stocks: Financial Comparison on Growth and Margins
The table compares scale and growth across these rising DII holding 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 | Latest Quarter Revenue Growth | Net Profit Growth (YoY) | Operating Margin (Latest Quarter) |
|---|---|---|---|---|---|---|
| Elgi Equipments | 4,068.50 | 430.20 | 12.06% | 22.13% | 22.84% | 16.02% |
| Garware Hi-Tech Films | 2,184.95 | 338.23 | 12.96% | 28.41% | 2.12% | 30.28% |
| Travel Food Services | 1,742.64 | 452.32 | 43.82% | 25.92% | 19.14% | 48.57% |
| Vijaya Diagnostic | 835 | 172.98 | 15.13% | 22.76% | 20.30% | 46.35% |
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Institutional Holding in Elgi Equipments, Garware Hi-Tech Films, Travel Food Services and Vijaya Diagnostic
Institutional holding shows who is backing these rising DII holding stocks alongside the promoter. The table uses the latest reported quarter for each. Vijaya Diagnostic has the deepest institutional backing, with FII and DII together holding 43.16% as of September 2026. Domestic institutions increased their holding over the past year in Elgi Equipments (from 5.23% to 10.13%), Garware Hi-Tech Films (from 4.89% to 6.35%), Travel Food Services (from 5.09% to 10.02%) and Vijaya Diagnostic (from 25.34% to 32.50%).
| Stock | Promoter | FII | DII | Public | Quarter |
|---|---|---|---|---|---|
| Elgi Equipments | 31.19% | 21.90% | 10.13% | 36.78% | June 2026 |
| Garware Hi-Tech Films | 60.72% | 4.22% | 6.35% | 28.71% | June 2026 |
| Travel Food Services | 86.19% | 1.64% | 10.02% | 2.14% | June 2026 |
| Vijaya Diagnostic | 52.46% | 10.66% | 32.50% | 4.38% | September 2026 |
Risks to Weigh in Rising DII Holding Stocks
Being careful with rising DII holding 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: Garware Hi-Tech Films trades at a PE of 42.69 against an industry PE of 23.09, 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 Rising DII Holding Stocks
Picking from rising DII holding 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 (23.09 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 rising DII holding stocks, Elgi Equipments stands out for the fastest profit growth, 24.61% a year since FY22, Garware Hi-Tech Films for the strongest latest-quarter profit growth at 59.78%, Travel Food Services for the highest return on equity at 30.57% and Vijaya Diagnostic for 19.34% revenue growth in FY26. 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 rising DII holding 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 Rising DII Holding Stocks to Watch
Which are the best rising DII holding stocks to watch for multibagger potential?
Ans. Elgi Equipments, Garware Hi-Tech Films, Travel Food Services and Vijaya Diagnostic are the 4 names this list highlights, with market caps of Rs 17,716 crore, Rs 16,560 crore, Rs 15,160 crore and Rs 14,515 crore respectively. Elgi Equipments is notable for the fastest profit growth, 24.61% a year since FY22. Garware Hi-Tech Films stands out for the strongest latest-quarter profit growth at 59.78%. Travel Food Services offers the highest return on equity at 30.57%. Vijaya Diagnostic brings 19.34% revenue growth in FY26. These are watchlist names for rising DII holding stocks, not recommendations, so match each one to your own risk profile and time horizon.
Is Travel Food Services a good stock for long-term investors?
Ans. Travel Food Services has a return on equity of 30.57%, a PE of 31.18 against an industry PE of 59.28 and a market cap of Rs 15,160 crore. June 2026 quarter net profit grew 35.58%. Long-term returns in rising DII holding stocks depend on earnings growth and the price paid at entry, so staggering purchases and consulting a SEBI-registered advisor is sensible.
Can Elgi Equipments become a multibagger from here?
Ans. Elgi Equipments has already gained 182.78% in five years, so another multi-fold move would need sustained earnings growth. A multibagger outcome in rising DII holding stocks requires earnings to keep growing faster than the market for several years. Net profit has compounded at 24.61% a year since FY22, and FY26 revenue rose 14.02%. At a PE of 39.56 against an industry PE of 45.93, valuation should be checked against that growth before investing.
What is the market cap of Elgi Equipments, Garware Hi-Tech Films, Travel Food Services and Vijaya Diagnostic?
Ans. As of 26 October 2026, Elgi Equipments has a market cap of Rs 17,716 crore, Garware Hi-Tech Films has a market cap of Rs 16,560 crore, Travel Food Services has a market cap of Rs 15,160 crore and Vijaya Diagnostic has a market cap of Rs 14,515 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 rising DII holding stocks.
What are the risks of investing in rising DII holding 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. Garware Hi-Tech Films trades at a PE of 42.69 against an industry PE of 23.09, so earnings growth needs to hold up.
Why is Garware Hi-Tech Films trading at a PE of 42.69?
Ans. Garware Hi-Tech Films’ PE of 42.69 compares with an industry PE of 23.09. The market is paying a premium for profit growth of 19.26% a year since FY22 and latest-quarter profit growth of 59.78%, which also means the stock is more sensitive if growth slows. Investors in rising DII holding 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 Elgi Equipments, Garware Hi-Tech Films, Travel Food Services and Vijaya Diagnostic?
Ans. As of the latest reported quarter, FII and DII together hold 32.03% of Elgi Equipments (21.90% and 10.13%), 10.57% of Garware Hi-Tech Films (4.22% and 6.35%), 11.66% of Travel Food Services (1.64% and 10.02%) and 43.16% of Vijaya Diagnostic (10.66% and 32.50%). Rising institutional holding is a useful signal in rising DII holding stocks, though it should be read with earnings trends rather than on its own.
