4 Smallcap Stocks With 10-25 Per Cent Profit Growth to Watch for Future Multibagger Potential: Metro Brands, Elgi Equipments, Happy Forgings and CESC
- October 23, 2026
- Posted by: Manan Bisht
- Category: Best Stocks
Metro Brands Rs 854.95. Elgi Equipments Rs 534. Happy Forgings Rs 1,818. CESC Rs 129.96. Market caps from Rs 18,015 crore to Rs 24,494 crore. Data as of 21 Oct 2026.
Quick Answer
Metro Brands, Elgi Equipments, Happy Forgings and CESC are the 4 picks in this stocks with 10-25 per cent profit growth watchlist, with market caps between Rs 18,015 crore and Rs 24,494 crore. Metro Brands stands out for the highest return on equity at 20.63%, while Elgi Equipments offers the fastest profit growth, 24.61% a year since FY22. PE ratios run from 11.05 to 59.39, so compare each one with its industry PE before investing. All figures are as of 21 October 2026.
Stocks with 10-25 per cent profit growth to watch for multibagger potential start with a simple filter: size, a clean financial record and earnings that keep growing. Metro Brands, Elgi Equipments, Happy Forgings and CESC meet that test, with market caps from Rs 18,015 crore to Rs 24,494 crore and Metro Brands offering the highest return on equity at 20.63%. Each of these companies has a market capitalisation below Rs 30,000 crore and FY26 net profit growth between 10 and 25 per cent, 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 FY26 net profit growth between 10 and 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 below Rs 30,000 crore. Investors screening stocks with 10-25 per cent profit growth 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 10-25 Per Cent Profit Growth and Why Do They Attract Multibagger Interest?
Stocks with 10-25 per cent profit growth are shares of smaller companies that grow profit at a steady, repeatable pace. The four here cover footwear retail, compressors, forgings and power distribution.
Steady double-digit growth compounds well over the years without needing perfect conditions. For stocks with 10-25 per cent profit growth, latest quarter profit also rose. For stocks with 10-25 per cent profit growth, checking each result against the latest quarter matters more than any single ratio. The next sections explain what stands out in each of stocks with 10-25 per cent profit growth, using FY26 and latest quarter data. Prices move daily, so recheck the figures for stocks with 10-25 per cent profit growth before you decide.
Stocks With 10-25 Per Cent Profit Growth at a Glance: Price, Market Cap, PE and ROE
Prices are closing prices as of 21 October 2026. CESC has the lowest PE of the group at 11.05, while Metro Brands posts the highest return on equity at 20.63%.
| Stock | CMP (Rs) | Market Cap (Rs Cr) | PE | Industry PE | ROE | Debt to Equity | 52-Week Range (Rs) |
|---|---|---|---|---|---|---|---|
| Metro Brands | 854.95 | 24,494 | 59.39 | 38.47 | 20.63% | 0.79 | 807.00 to 1,250.00 |
| Elgi Equipments | 534 | 18,186 | 40.61 | 45.93 | 19.28% | 0.24 | 408.25 to 653.40 |
| Happy Forgings | 1,818 | 18,087 | 55.25 | 52.03 | 14.17% | 0.15 | 888.75 to 2,470.00 |
| CESC | 129.96 | 18,015 | 11.05 | 22.18 | 12.31% | 1.73 | 128.31 to 204.50 |
Metro Brands: Return on Equity of 20.63%
Metro Brands sells footwear and accessories through its Metro, Mochi, Walkway and Crocs stores across India. It reported FY26 revenue of Rs 2,967.85 crore, up 14.13% year on year, and net profit of Rs 415.89 crore, up 17.33%. Net profit has compounded at 18.22% a year since FY22, while revenue has grown 20.63% a year. Operating margin was 33.98% in FY26.
In the September 2026 quarter, revenue rose 10.88% to Rs 753.21 crore and net profit grew 12.03% to Rs 77.28 crore. Promoters hold 71.80%, which keeps ownership stable. The stock trades at a PE of 59.39 against an industry PE of 38.47, with a return on equity of 20.63%.
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.
The stock trades at a PE of 40.61 against an industry PE of 45.93, below the sector average, with a return on equity of 19.28%. 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.
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.
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. The stock trades at a PE of 55.25 against an industry PE of 52.03, with a return on equity of 14.17%.
CESC: Profit Compounding at 3.60% a Year
CESC generates and distributes power, with a distribution licence area in Kolkata, and is growing its renewable portfolio. It reported FY26 revenue of Rs 18,927.29 crore, up 8.93% year on year, and net profit of Rs 1,617.57 crore, up 13.20%. Revenue has compounded at 10.22% a year since FY22. Operating margin was 26.27% in FY26.
The stock trades at a PE of 11.05 against an industry PE of 22.18, below the sector average, with a return on equity of 12.31%. The dividend yield is 4.44%. In the June 2026 quarter, revenue rose 5.18% to Rs 5,559 crore and net profit grew 3.71% to Rs 419 crore. Domestic institutions raised their holding from 25.38% in June 2025 to 26.14% in June 2026.
Stocks With 10-25 Per Cent Profit Growth: Financial Comparison on Growth and Margins
The table compares scale and growth across these stocks with 10-25 per cent profit growth. 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 | 4-Year Net Profit CAGR | Operating Margin (Latest Quarter) |
|---|---|---|---|---|---|---|
| Metro Brands | 2,967.85 | 415.89 | 14.13% | 20.63% | 18.22% | 30.22% |
| Elgi Equipments | 4,068.50 | 430.20 | 14.02% | 12.06% | 24.61% | 16.02% |
| Happy Forgings | 1,577.15 | 301.63 | 9.04% | 16.16% | 20.66% | 33.81% |
| CESC | 18,927.29 | 1,617.57 | 8.93% | 10.22% | 3.60% | 20.95% |
Check the Univest Screener for live data on these stocks with 10-25 per cent profit growth
Institutional Holding in Metro Brands, Elgi Equipments, Happy Forgings and CESC
Institutional holding shows who is backing these stocks with 10-25 per cent profit growth alongside the promoter. The table uses the latest reported quarter for each. CESC has the deepest institutional backing, with FII and DII together holding 37.61% as of June 2026. Domestic institutions increased their holding over the past year in Elgi Equipments (from 5.23% to 10.13%) and CESC (from 25.38% to 26.14%).
| Stock | Promoter | FII | DII | Public | Quarter |
|---|---|---|---|---|---|
| Metro Brands | 71.80% | 3.73% | 7.68% | 16.79% | June 2026 |
| Elgi Equipments | 31.19% | 21.90% | 10.13% | 36.78% | June 2026 |
| Happy Forgings | 78.44% | 2.37% | 14.93% | 4.26% | September 2026 |
| CESC | 52.11% | 11.47% | 26.14% | 10.28% | June 2026 |
Risks to Weigh in Stocks With 10-25 Per Cent Profit Growth
Being careful with stocks with 10-25 per cent profit growth 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: Metro Brands trades at a PE of 59.39 against an industry PE of 38.47, 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 10-25 Per Cent Profit Growth
Picking from stocks with 10-25 per cent profit growth 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 (22.18 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.
Download the Univest iOS App or Univest Android App to track Metro Brands, Elgi Equipments, Happy Forgings and CESC live prices.
Conclusion
Among stocks with 10-25 per cent profit growth, Metro Brands stands out for the highest return on equity at 20.63%, Elgi Equipments for the fastest profit growth, 24.61% a year since FY22, Happy Forgings for the strongest latest-quarter profit growth at 39.23% and CESC for the lowest PE of the group at 11.05. 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 10-25 per cent profit growth 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 10-25 Per Cent Profit Growth to Watch
Which are the best stocks with 10-25 per cent profit growth to watch for multibagger potential?
Ans. Metro Brands, Elgi Equipments, Happy Forgings and CESC are the 4 names this list highlights, with market caps of Rs 24,494 crore, Rs 18,186 crore, Rs 18,087 crore and Rs 18,015 crore respectively. Metro Brands is notable for the highest return on equity at 20.63%. Elgi Equipments stands out for the fastest profit growth, 24.61% a year since FY22. Happy Forgings offers the strongest latest-quarter profit growth at 39.23%. CESC brings the lowest PE of the group at 11.05. These are watchlist names for stocks with 10-25 per cent profit growth, not recommendations, so match each one to your own risk profile and time horizon.
Is Metro Brands a good stock for long-term investors?
Ans. Metro Brands has a return on equity of 20.63%, a PE of 59.39 against an industry PE of 38.47 and a market cap of Rs 24,494 crore. Net profit has compounded at 18.22% a year since FY22, and FY26 revenue rose 14.13% while September 2026 quarter net profit grew 12.03%. Long-term returns in stocks with 10-25 per cent profit growth 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 stocks with 10-25 per cent profit growth 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 40.61 against an industry PE of 45.93, valuation should be checked against that growth before investing.
What is the market cap of Metro Brands, Elgi Equipments, Happy Forgings and CESC?
Ans. As of 21 October 2026, Metro Brands has a market cap of Rs 24,494 crore, Elgi Equipments has a market cap of Rs 18,186 crore, Happy Forgings has a market cap of Rs 18,087 crore and CESC has a market cap of Rs 18,015 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 stocks with 10-25 per cent profit growth.
What are the risks of investing in stocks with 10-25 per cent profit growth?
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. Metro Brands trades at a PE of 59.39 against an industry PE of 38.47, so earnings growth needs to hold up.
Why is Metro Brands trading at a PE of 59.39?
Ans. Metro Brands’ PE of 59.39 compares with an industry PE of 38.47. The market is paying a premium for a return on equity of 20.63%, profit growth of 18.22% a year since FY22 and latest-quarter profit growth of 12.03%, which also means the stock is more sensitive if growth slows. Investors in stocks with 10-25 per cent profit growth who are comfortable with higher valuation risk may prefer to stagger purchases instead of investing in one go.
How much do institutions hold in Metro Brands, Elgi Equipments, Happy Forgings and CESC?
Ans. As of the latest reported quarter, FII and DII together hold 11.41% of Metro Brands (3.73% and 7.68%), 32.03% of Elgi Equipments (21.90% and 10.13%), 17.30% of Happy Forgings (2.37% and 14.93%) and 37.61% of CESC (11.47% and 26.14%). Rising institutional holding is a useful signal in stocks with 10-25 per cent profit growth, though it should be read with earnings trends rather than on its own.
