4 Top Stocks With 5-10 Per Cent Operating Margin to Watch for Future Multibagger Potential: Avenue Supermarts, Apar Industries, Kalyan Jewellers and Kalpataru Projects
- October 21, 2026
- Posted by: Manan Bisht
- Category: Best Stocks
Avenue Supermarts Rs 3,304. Apar Industries Rs 15,737. Kalyan Jewellers Rs 551.30. Kalpataru Projects Rs 1,346.70. Market caps from Rs 23,924 crore to Rs 2.20 lakh crore. Data as of 20 Oct 2026.
Quick Answer
Avenue Supermarts, Apar Industries, Kalyan Jewellers and Kalpataru Projects are the 4 picks in this stocks with 5-10 per cent operating margin watchlist, with market caps between Rs 23,924 crore and Rs 2.20 lakh crore. Avenue Supermarts stands out for the largest market cap at Rs 2,20,154 crore, while Apar Industries offers the biggest five-year price gain at 2287.98%. PE ratios run from 21.20 to 70.67, so compare each one with its industry PE before investing. All figures are as of 20 October 2026.
Stocks with 5-10 per cent operating margin to watch for multibagger potential start with a simple filter: size, a clean financial record and earnings that keep growing. Avenue Supermarts, Apar Industries, Kalyan Jewellers and Kalpataru Projects meet that test, with market caps from Rs 23,924 crore to Rs 2.20 lakh crore and Avenue Supermarts offering the largest market cap at Rs 2,20,154 crore. Each of these companies earned an operating margin between 5 and 10 per cent in FY26, and net profit rose in FY26 and in the latest quarter.
This list covers companies with an FY26 operating margin between 5 and 10 per cent, rising profit in FY26 and the latest quarter, and complete, verifiable financials, ranked by market capitalisation. The companies here range from midcaps to largecaps in size. Investors screening stocks with 5-10 per cent operating margin 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 With 5-10 Per Cent Operating Margin and Why Do They Attract Multibagger Interest?
Stocks with 5-10 per cent operating margin are shares of high volume businesses that earn a thin margin on large sales. The four here cover supermarkets, cables, jewellery and engineering projects.
A thin margin on very large sales can still produce strong profit when volumes grow. For stocks with 5-10 per cent operating margin, investors watch whether the margin holds as sales rise. Whichever way you read stocks with 5-10 per cent operating margin, the common thread is rising profit backed by complete financial data. With stocks with 5-10 per cent operating margin, 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 stocks with 5-10 per cent operating margin are complete. Read each company’s latest results and exchange filings before acting on stocks with 5-10 per cent operating margin.
Stocks With 5-10 Per Cent Operating Margin at a Glance: Price, Market Cap, PE and ROE
Prices are closing prices as of 20 October 2026. Kalpataru Projects has the lowest PE of the group at 21.20, while Kalyan Jewellers posts the highest return on equity at 21.41%.
| Stock | CMP (Rs) | Market Cap (Rs Cr) | PE | Industry PE | ROE | Debt to Equity | 52-Week Range (Rs) |
|---|---|---|---|---|---|---|---|
| Avenue Supermarts | 3,304 | 2,20,154 | 70.67 | 64.73 | 11.94% | 0.16 | 3,304.00 to 4,644.00 |
| Apar Industries | 15,737 | 75,075 | 63.54 | 46.39 | 18.11% | 0.18 | 6,801.00 to 19,265.00 |
| Kalyan Jewellers India | 551.30 | 58,211 | 40.58 | 46.75 | 21.41% | 0.97 | 327.05 to 648.95 |
| Kalpataru Projects International | 1,346.70 | 23,924 | 21.20 | 22.89 | 13.37% | 0.46 | 1,007.10 to 1,490.00 |
Avenue Supermarts: Profit Compounding at 18.77% a Year
Avenue Supermarts runs the DMart chain of stores that sell groceries and everyday products at low prices. It reported FY26 revenue of Rs 68,894.84 crore, up 15.82% year on year, and net profit of Rs 2,969.86 crore, up 9.69%. Net profit has compounded at 18.77% a year since FY22, while revenue has grown 22.01% a year. Operating margin was 7.07% in FY26. The debt-to-equity ratio is 0.16.
In the September 2026 quarter, revenue rose 17.74% to Rs 19,657.54 crore and net profit grew 8.49% to Rs 742.98 crore. Foreign investors raised their holding from 8.25% in June 2025 to 9.23% in June 2026. The stock trades at a PE of 70.67 against an industry PE of 64.73.
Apar Industries: 39.67% Profit CAGR Since FY22
Apar Industries makes conductors, specialty cables and transformer oils, and earns a large share of revenue from exports. It reported FY26 revenue of Rs 22,966.89 crore, up 22.95% year on year, and net profit of Rs 976.93 crore, up 18.95%. Net profit has compounded at 39.67% a year since FY22, while revenue has grown 25.19% a year. Operating margin was 8.49% in FY26. The debt-to-equity ratio is 0.18.
The stock trades at a PE of 63.54 against an industry PE of 46.39, with a return on equity of 18.11%. In the June 2026 quarter, revenue rose 29.16% to Rs 6,624.71 crore and net profit grew 77.80% to Rs 467.45 crore. The share price has gained 2287.98% over five years and 102.57% over the past year. Domestic institutions raised their holding from 22.64% in September 2025 to 24.88% in August 2026.
Kalyan Jewellers: 56.69% Profit CAGR Since FY22
Kalyan Jewellers is one of the largest jewellery retailers in India, with showrooms across India and the Middle East. It reported FY26 revenue of Rs 35,950.88 crore, up 42.72% year on year, and net profit of Rs 1,350.39 crore, up 89.09%. Net profit has compounded at 56.69% a year since FY22, while revenue has grown 34.90% a year. Operating margin was 7.62% in FY26.
In the June 2026 quarter, revenue rose 45.52% to Rs 10,644.67 crore and net profit grew 32.03% to Rs 348.67 crore. The share price has gained 618.28% over five years and 14.90% over the past year. Promoters hold 62.85%, which keeps ownership stable. The stock trades at a PE of 40.58 against an industry PE of 46.75, below the sector average, with a return on equity of 21.41%.
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.
The stock trades at a PE of 21.20 against an industry PE of 22.89, below the sector average, with a return on equity of 13.37%. 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.
Stocks With 5-10 Per Cent Operating Margin: Financial Comparison on Growth and Margins
The table compares scale and growth across these stocks with 5-10 per cent operating margin. 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) |
|---|---|---|---|---|---|---|
| Avenue Supermarts | 68,894.84 | 2,969.86 | 15.82% | 22.01% | 18.77% | 7.16% |
| Apar Industries | 22,966.89 | 976.93 | 22.95% | 25.19% | 39.67% | 12.05% |
| Kalyan Jewellers | 35,950.88 | 1,350.39 | 42.72% | 34.90% | 56.69% | 6.50% |
| Kalpataru Projects | 27,247.93 | 1,030.63 | 21.76% | 16.35% | 17.81% | 9.97% |
Check the Univest Screener for live data on these stocks with 5-10 per cent operating margin
Institutional Holding in Avenue Supermarts, Apar Industries, Kalyan Jewellers and Kalpataru Projects
Institutional holding shows who is backing these stocks with 5-10 per cent operating margin 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 Apar Industries (from 22.64% to 24.88%).
| Stock | Promoter | FII | DII | Public | Quarter |
|---|---|---|---|---|---|
| Avenue Supermarts | 74.48% | 9.23% | 8.74% | 7.55% | June 2026 |
| Apar Industries | 55.42% | 11.36% | 24.88% | 8.34% | August 2026 |
| Kalyan Jewellers | 62.85% | 13.83% | 14.41% | 8.91% | September 2026 |
| Kalpataru Projects | 33.58% | 10.78% | 44.83% | 10.81% | June 2026 |
Risks to Weigh in Stocks With 5-10 Per Cent Operating Margin
Being careful with stocks with 5-10 per cent operating margin 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: Apar Industries trades at a PE of 63.54 against an industry PE of 46.39, 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 5-10 Per Cent Operating Margin
Picking from stocks with 5-10 per cent operating margin 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 (22.89 to 64.73) 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 stocks with 5-10 per cent operating margin, Avenue Supermarts stands out for the largest market cap at Rs 2,20,154 crore, Apar Industries for the biggest five-year price gain at 2287.98%, Kalyan Jewellers for the highest return on equity at 21.41% and Kalpataru Projects for the lowest PE of the group at 21.20. 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 5-10 per cent operating margin 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 5-10 Per Cent Operating Margin to Watch
Which are the best stocks with 5-10 per cent operating margin to watch for multibagger potential?
Ans. Avenue Supermarts, Apar Industries, Kalyan Jewellers and Kalpataru Projects are the 4 names this list highlights, with market caps of Rs 2,20,154 crore, Rs 75,075 crore, Rs 58,211 crore and Rs 23,924 crore respectively. Avenue Supermarts is notable for the largest market cap at Rs 2,20,154 crore. Apar Industries stands out for the biggest five-year price gain at 2287.98%. Kalyan Jewellers offers the highest return on equity at 21.41%. Kalpataru Projects brings the lowest PE of the group at 21.20. These are watchlist names for stocks with 5-10 per cent operating margin, not recommendations, so match each one to your own risk profile and time horizon.
Is Kalyan Jewellers a good stock for long-term investors?
Ans. Kalyan Jewellers has a return on equity of 21.41%, a PE of 40.58 against an industry PE of 46.75 and a market cap of Rs 58,211 crore. Net profit has compounded at 56.69% a year since FY22, and FY26 revenue rose 42.72% while June 2026 quarter net profit grew 32.03%. Long-term returns in stocks with 5-10 per cent operating margin depend on earnings growth and the price paid at entry, so staggering purchases and consulting a SEBI-registered advisor is sensible.
Can Apar Industries become a multibagger from here?
Ans. Apar Industries has already gained 2287.98% in five years, so another multi-fold move would need sustained earnings growth. A multibagger outcome in stocks with 5-10 per cent operating margin requires earnings to keep growing faster than the market for several years. Net profit has compounded at 39.67% a year since FY22, and FY26 revenue rose 22.95%. At a PE of 63.54 against an industry PE of 46.39, valuation should be checked against that growth before investing.
What is the market cap of Avenue Supermarts, Apar Industries, Kalyan Jewellers and Kalpataru Projects?
Ans. As of 20 October 2026, Avenue Supermarts has a market cap of Rs 2,20,154 crore, Apar Industries has a market cap of Rs 75,075 crore, Kalyan Jewellers has a market cap of Rs 58,211 crore and Kalpataru Projects has a market cap of Rs 23,924 crore. Avenue Supermarts 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 with 5-10 per cent operating margin.
What are the risks of investing in stocks with 5-10 per cent operating margin?
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. Apar Industries trades at a PE of 63.54 against an industry PE of 46.39, so earnings growth needs to hold up.
Why is Apar Industries trading at a PE of 63.54?
Ans. Apar Industries’ PE of 63.54 compares with an industry PE of 46.39. The market is paying a premium for a return on equity of 18.11%, profit growth of 39.67% a year since FY22 and latest-quarter profit growth of 77.80%, which also means the stock is more sensitive if growth slows. Investors in stocks with 5-10 per cent operating margin who are comfortable with higher valuation risk may prefer to stagger purchases instead of investing in one go.
How much do institutions hold in Avenue Supermarts, Apar Industries, Kalyan Jewellers and Kalpataru Projects?
Ans. As of the latest reported quarter, FII and DII together hold 17.97% of Avenue Supermarts (9.23% and 8.74%), 36.24% of Apar Industries (11.36% and 24.88%), 28.24% of Kalyan Jewellers (13.83% and 14.41%) and 55.61% of Kalpataru Projects (10.78% and 44.83%). Rising institutional holding is a useful signal in stocks with 5-10 per cent operating margin, though it should be read with earnings trends rather than on its own.
