4 Top Stocks That Doubled in One Year to Watch for Future Multibagger Potential: Laurus Labs, HFCL, Syrma SGS and Kirloskar Oil Engines
- October 21, 2026
- Posted by: Manan Bisht
- Category: Best Stocks
Laurus Labs Rs 2,069. HFCL Rs 268.81. Syrma SGS Rs 1,547.60. Kirloskar Oil Engines Rs 1,973.20. Market caps from Rs 29,423 crore to Rs 1.09 lakh crore. Data as of 20 Oct 2026.
Quick Answer
Laurus Labs, HFCL, Syrma SGS and Kirloskar Oil Engines are the 4 picks in this stocks that doubled in one year watchlist, with market caps between Rs 29,423 crore and Rs 1.09 lakh crore. Laurus Labs stands out for the highest return on equity at 16.77%, while HFCL offers 21.64% revenue growth in FY26. PE ratios run from 55.03 to 100.10, so compare each one with its industry PE before investing. All figures are as of 20 October 2026.
Stocks that doubled in one year to watch for multibagger potential start with a simple filter: size, a clean financial record and earnings that keep growing. Laurus Labs, HFCL, Syrma SGS and Kirloskar Oil Engines meet that test, with market caps from Rs 29,423 crore to Rs 1.09 lakh crore and Laurus Labs offering the highest return on equity at 16.77%. Each of these companies has gained more than 100 per cent over the past year, and net profit grew in FY26.
This list covers companies with a one-year price gain above 100 per cent, rising FY26 profit and complete, verifiable financials, ranked by market capitalisation. Not every name here is a largecap, so the list takes the leading companies of the sector by market capitalisation. Investors screening stocks that doubled in one year usually begin with size and balance sheet strength, and this list follows the same logic. All figures are as of 20 October 2026 and are drawn from NSE and BSE data and company filings.
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What Are Stocks That Doubled in One Year and Why Do They Attract Multibagger Interest?
Stocks that doubled in one year are shares whose price has more than doubled in the past twelve months. The four here cover pharmaceutical ingredients, telecom equipment, electronics manufacturing and engines.
A strong one-year run often follows better earnings, new orders or a re-rating by investors. Among stocks that doubled in one year, companies whose profit keeps growing are the ones investors compare in stocks that doubled in one year. This guide looks at stocks that doubled in one year using FY26 results and the latest quarterly numbers. Every one of stocks that doubled in one year below has complete, verifiable data.
Stocks That Doubled in One Year at a Glance: Price, Market Cap, PE and ROE
Prices are closing prices as of 20 October 2026. Kirloskar Oil Engines has the lowest PE of the group at 55.03, while Laurus Labs posts the highest return on equity at 16.77%.
| Stock | CMP (Rs) | Market Cap (Rs Cr) | PE | Industry PE | ROE | Debt to Equity | 52-Week Range (Rs) |
|---|---|---|---|---|---|---|---|
| Laurus Labs | 2,069 | 1,09,143 | 100.10 | 36.42 | 16.77% | 0.48 | 864.70 to 2,085.90 |
| HFCL | 268.81 | 37,316 | 61.72 | 18.03 | 6.37% | 0.36 | 59.82 to 275.91 |
| Syrma SGS Technology | 1,547.60 | 32,631 | 81.24 | 80.10 | 11.10% | 0.14 | 634.50 to 1,822.60 |
| Kirloskar Oil Engines | 1,973.20 | 29,423 | 55.03 | 44.99 | 15.86% | 1.48 | 865.55 to 2,720.00 |
Laurus Labs: Revenue Up 22.01% in FY26
Laurus Labs makes active pharmaceutical ingredients and formulations and offers contract development and manufacturing services. It reported FY26 revenue of Rs 6,867.85 crore, up 22.01% year on year, and net profit of Rs 889.85 crore, up 151.08%. Revenue has compounded at 8.53% a year since FY22. Operating margin was 26.90% in FY26. The debt-to-equity ratio is 0.48.
In the June 2026 quarter, revenue rose 28.83% to Rs 2,035.49 crore and net profit grew 124.73% to Rs 361.99 crore. The share price has gained 221.40% over five years and 137.53% over the past year. Domestic institutions raised their holding from 11.94% in June 2025 to 13.74% in June 2026. The stock trades at a PE of 100.10 against an industry PE of 36.42, with a return on equity of 16.77%.
HFCL: Revenue Up 21.64% in FY26
HFCL makes optical fibre cables, telecom equipment and Wi-Fi products and also builds telecom and defence networks. It reported FY26 revenue of Rs 5,014.52 crore, up 21.64% year on year, and net profit of Rs 329.44 crore, up 90.14%. Operating margin was 16.71% in FY26. The debt-to-equity ratio is 0.36.
The stock trades at a PE of 61.72 against an industry PE of 18.03. Revenue for the June 2026 quarter rose 119.77% to Rs 1,946.13 crore, at an operating margin of 23.25%. The share price has gained 221.49% over five years and 228.48% over the past year. Foreign investors raised their holding from 7.76% in June 2025 to 15.74% in June 2026.
Syrma SGS: 45.84% Profit CAGR Since FY22
Syrma SGS Technology makes electronic products under contract for automotive, industrial, healthcare and consumer customers. It reported FY26 revenue of Rs 4,856.87 crore, up 26.61% year on year, and net profit of Rs 345.81 crore, up 87.48%. Net profit has compounded at 45.84% a year since FY22, while revenue has grown 39.45% a year. Operating margin was 11.99% in FY26. The debt-to-equity ratio is 0.14, which keeps interest costs low.
In the June 2026 quarter, revenue rose 67.05% to Rs 1,603.68 crore and net profit grew 111.72% to Rs 105.69 crore. The share price has gained 443.96% over five years and 112.17% over the past year. Foreign investors raised their holding from 7.06% in August 2025 to 7.52% in June 2026. The stock trades at a PE of 81.24 against an industry PE of 80.10.
Kirloskar Oil Engines: 34.41% Profit CAGR Since FY22
Kirloskar Oil Engines makes diesel engines, generator sets and power solutions for industry, farming and defence. It reported FY26 revenue of Rs 7,772.40 crore, up 21.79% year on year, and net profit of Rs 557.72 crore, up 17.77%. Net profit has compounded at 34.41% a year since FY22, while revenue has grown 17.71% a year. Operating margin was 18.93% in FY26.
The stock trades at a PE of 55.03 against an industry PE of 44.99, with a return on equity of 15.86%. Revenue for the June 2026 quarter rose 12.15% to Rs 2,014.74 crore, at an operating margin of 15.78%. The share price has gained 838.86% over five years and 129.87% over the past year. Foreign investors raised their holding from 8.48% in June 2025 to 11.33% in June 2026.
Stocks That Doubled in One Year: Financial Comparison on Growth and Margins
The table compares scale and growth across these stocks that doubled in one year. 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) |
|---|---|---|---|---|---|---|
| Laurus Labs | 6,867.85 | 889.85 | 22.01% | 8.53% | 1.68% | 31.95% |
| HFCL | 5,014.52 | 329.44 | 21.64% | 1.26% | 0.27% | 23.25% |
| Syrma SGS | 4,856.87 | 345.81 | 26.61% | 39.45% | 45.84% | 11.12% |
| Kirloskar Oil Engines | 7,772.40 | 557.72 | 21.79% | 17.71% | 34.41% | 15.78% |
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Institutional Holding in Laurus Labs, HFCL, Syrma SGS and Kirloskar Oil Engines
Institutional holding shows who is backing these stocks that doubled in one year alongside the promoter. The table uses the latest reported quarter for each. Laurus Labs has the deepest institutional backing, with FII and DII together holding 41.74% as of June 2026. Domestic institutions increased their holding over the past year in Laurus Labs (from 11.94% to 13.74%).
| Stock | Promoter | FII | DII | Public | Quarter |
|---|---|---|---|---|---|
| Laurus Labs | 27.47% | 28.00% | 13.74% | 30.78% | June 2026 |
| HFCL | 28.29% | 15.74% | 10.92% | 45.05% | June 2026 |
| Syrma SGS | 42.28% | 7.52% | 15.90% | 34.30% | June 2026 |
| Kirloskar Oil Engines | 41.07% | 11.33% | 26.00% | 21.60% | June 2026 |
Risks to Weigh in Stocks That Doubled in One Year
Being careful with stocks that doubled in one year means looking at what can slow the story as well as what can speed it up. Four points matter most:
- A big one-year gain can be followed by a pause.
- Prices can swing sharply after strong runs.
- Valuation: HFCL trades at a PE of 61.72 against an industry PE of 18.03, 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 That Doubled in One Year
Picking from stocks that doubled in one year 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 (18.03 to 80.10) and ask whether the growth rate justifies any gap.
- Track net profit growth, the order book and the return on equity in every result.
- Stagger entries across quarters and review institutional holding every reporting season.
Download the Univest iOS App or Univest Android App to track Laurus Labs, HFCL, Syrma SGS and Kirloskar Oil Engines live prices.
Conclusion
Among stocks that doubled in one year, Laurus Labs stands out for the highest return on equity at 16.77%, HFCL for 21.64% revenue growth in FY26, Syrma SGS for the fastest profit growth, 45.84% a year since FY22 and Kirloskar Oil Engines for the biggest five-year price gain at 838.86%. 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 that doubled in one year 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 That Doubled in One Year to Watch
Which are the best stocks that doubled in one year to watch for multibagger potential?
Ans. Laurus Labs, HFCL, Syrma SGS and Kirloskar Oil Engines are the 4 names this list highlights, with market caps of Rs 1,09,143 crore, Rs 37,316 crore, Rs 32,631 crore and Rs 29,423 crore respectively. Laurus Labs is notable for the highest return on equity at 16.77%. HFCL stands out for 21.64% revenue growth in FY26. Syrma SGS offers the fastest profit growth, 45.84% a year since FY22. Kirloskar Oil Engines brings the biggest five-year price gain at 838.86%. These are watchlist names for stocks that doubled in one year, not recommendations, so match each one to your own risk profile and time horizon.
Is Laurus Labs a good stock for long-term investors?
Ans. Laurus Labs has a return on equity of 16.77%, a PE of 100.10 against an industry PE of 36.42 and a market cap of Rs 1,09,143 crore. FY26 revenue rose 22.01%, and June 2026 quarter net profit grew 124.73%. Long-term returns in stocks that doubled in one year depend on earnings growth and the price paid at entry, so staggering purchases and consulting a SEBI-registered advisor is sensible.
Can Syrma SGS become a multibagger from here?
Ans. Syrma SGS has already gained 443.96% in five years, so another multi-fold move would need sustained earnings growth. A multibagger outcome in stocks that doubled in one year requires earnings to keep growing faster than the market for several years. Net profit has compounded at 45.84% a year since FY22, and FY26 revenue rose 26.61%. At a PE of 81.24 against an industry PE of 80.10, valuation should be checked against that growth before investing.
What is the market cap of Laurus Labs, HFCL, Syrma SGS and Kirloskar Oil Engines?
Ans. As of 20 October 2026, Laurus Labs has a market cap of Rs 1,09,143 crore, HFCL has a market cap of Rs 37,316 crore, Syrma SGS has a market cap of Rs 32,631 crore and Kirloskar Oil Engines has a market cap of Rs 29,423 crore. Laurus Labs is the largest of the group. 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 that doubled in one year.
What are the risks of investing in stocks that doubled in one year?
Ans. The main risks are sharp price swings after big gains, high valuations and slower growth. Companies with rising profit and strong order books handle these better. HFCL trades at a PE of 61.72 against an industry PE of 18.03, so earnings growth needs to hold up.
Why is HFCL trading at a PE of 61.72?
Ans. HFCL’s PE of 61.72 compares with an industry PE of 18.03. The market is paying a premium for FY26 revenue growth of 21.64%, which also means the stock is more sensitive if growth slows. Investors in stocks that doubled in one year who are comfortable with higher valuation risk may prefer to stagger purchases instead of investing in one go.
How much do institutions hold in Laurus Labs, HFCL, Syrma SGS and Kirloskar Oil Engines?
Ans. As of the latest reported quarter, FII and DII together hold 41.74% of Laurus Labs (28.00% and 13.74%), 26.66% of HFCL (15.74% and 10.92%), 23.42% of Syrma SGS (7.52% and 15.90%) and 37.33% of Kirloskar Oil Engines (11.33% and 26.00%). Rising institutional holding is a useful signal in stocks that doubled in one year, though it should be read with earnings trends rather than on its own.
