4 Top Stocks With Operating Margin Above 60 Per Cent to Watch for Future Multibagger Potential: Adani Ports, BSE, MCX and Nippon Life India AMC
- October 21, 2026
- Posted by: Manan Bisht
- Category: Best Stocks
Adani Ports Rs 1,766. BSE Rs 3,336. MCX Rs 3,184.50. Nippon Life India AMC Rs 1,038.40. Market caps from Rs 67,860 crore to Rs 4.03 lakh crore. Data as of 20 Oct 2026.
Quick Answer
Adani Ports, BSE, MCX and Nippon Life India AMC are the 4 picks in this stocks with operating margin above 60 per cent watchlist, with market caps between Rs 67,860 crore and Rs 4.03 lakh crore. Adani Ports stands out for the lowest PE of the group at 30.69, while BSE offers the fastest profit growth, 78.30% a year since FY22. PE ratios run from 30.69 to 52.29, so compare each one with its industry PE before investing. All figures are as of 20 October 2026.
Stocks with operating margin above 60 per cent to watch for multibagger potential start with a simple filter: size, a clean financial record and earnings that keep growing. Adani Ports, BSE, MCX and Nippon Life India AMC meet that test, with market caps from Rs 67,860 crore to Rs 4.03 lakh crore and Adani Ports offering the lowest PE of the group at 30.69. Each of these companies earned an operating margin above 60 per cent in FY26, and net profit grew in FY26 and in the latest quarter.
This list covers companies with an FY26 operating margin between 60 and 100 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 operating margin above 60 per cent 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 Operating Margin Above 60 Per Cent and Why Do They Attract Multibagger Interest?
Stocks with operating margin above 60 per cent are shares of businesses where most of every rupee of sales turns into operating profit. The four here cover ports, two exchanges and asset management.
Margins at this level come from businesses that earn fees or tolls on scale without large running costs. For stocks with operating margin above 60 per cent, the question is how long the high margin can last as volumes grow. Whichever way you read stocks with operating margin above 60 per cent, the common thread is rising profit backed by complete financial data. Each of the four in stocks with operating margin above 60 per cent also shows rising profit in the latest quarter. For stocks with operating margin above 60 per cent, 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 operating margin above 60 per cent, using FY26 and latest quarter data. Prices move daily, so recheck the figures for stocks with operating margin above 60 per cent before you decide.
Stocks With Operating Margin Above 60 Per Cent at a Glance: Price, Market Cap, PE and ROE
Prices are closing prices as of 20 October 2026. Adani Ports has the lowest PE of the group at 30.69, while MCX posts the highest return on equity at 46.75%.
| Stock | CMP (Rs) | Market Cap (Rs Cr) | PE | Industry PE | ROE | Debt to Equity | 52-Week Range (Rs) |
|---|---|---|---|---|---|---|---|
| Adani Ports and Special Economic Zone | 1,766 | 4,02,686 | 30.69 | 31.83 | 13.32% | 0.66 | 1,292.00 to 1,891.10 |
| BSE Ltd | 3,336 | 1,39,823 | 49.55 | 42.42 | 37.42% | 0.00 | 2,326.10 to 4,446.80 |
| Multi Commodity Exchange of India | 3,184.50 | 80,621 | 52.29 | 42.17 | 46.75% | 0.00 | 1,762.10 to 3,481.40 |
| Nippon Life India Asset Management | 1,038.40 | 67,860 | 41.45 | 17.70 | 32.83% | 0.02 | 795.80 to 1,269.50 |
Adani Ports: 26.74% Profit CAGR Since FY22
Adani Ports and Special Economic Zone is India’s largest private port operator, with ports on both coasts and a growing logistics business. It reported FY26 revenue of Rs 40,854.36 crore, up 26.16% year on year, and net profit of Rs 12,782.03 crore, up 15.56%. Net profit has compounded at 26.74% a year since FY22, while revenue has grown 20.55% a year. Operating margin was 64.59% in FY26.
In the June 2026 quarter, revenue rose 23.90% to Rs 11,673.71 crore and net profit grew 10.24% to Rs 3,649.50 crore. The share price has gained 115.30% over five years and 17.95% over the past year. Foreign investors raised their holding from 13.61% in September 2025 to 15.95% in September 2026. The stock trades at a PE of 30.69 against an industry PE of 31.83, below the sector average, with a return on equity of 13.32%.
BSE: 78.30% Profit CAGR Since FY22
BSE Ltd operates one of India’s two major stock exchanges and earns from trading, listing, data and clearing services. It reported FY26 revenue of Rs 5,148.10 crore, up 59.07% year on year, and net profit of Rs 2,475.30 crore, up 87.94%. Net profit has compounded at 78.30% a year since FY22, while revenue has grown 56.26% a year. Operating margin was 68.39% in FY26. The debt-to-equity ratio is 0.00, which keeps interest costs low.
The stock trades at a PE of 49.55 against an industry PE of 42.42, with a return on equity of 37.42%. In the June 2026 quarter, revenue rose 63.41% to Rs 1,706.72 crore and net profit grew 62.15% to Rs 872.66 crore. The share price has gained 2101.66% over five years and 37.49% over the past year. Domestic institutions raised their holding from 13.51% in June 2025 to 24.15% in June 2026.
MCX: 74.55% Profit CAGR Since FY22
MCX is India’s leading commodity derivatives exchange, where gold, silver, crude oil, natural gas and base metals contracts are traded. It reported FY26 revenue of Rs 2,429.05 crore, up 100.94% year on year, and net profit of Rs 1,331.55 crore, up 137.76%. Net profit has compounded at 74.55% a year since FY22, while revenue has grown 53.87% a year. Operating margin was 76.83% in FY26. The debt-to-equity ratio is 0.00, which keeps interest costs low.
In the June 2026 quarter, revenue rose 85.25% to Rs 751.79 crore and net profit grew 103.47% to Rs 413.44 crore. The share price has gained 720.06% over five years and 69.44% over the past year. Foreign investors raised their holding from 21.69% in June 2025 to 29.84% in June 2026. The stock trades at a PE of 52.29 against an industry PE of 42.17, with a return on equity of 46.75%.
Nippon Life India AMC: Return on Equity of 32.83%
Nippon Life India Asset Management is one of the largest mutual fund houses in India and also runs ETFs and portfolio management services. It reported FY26 revenue of Rs 2,933.07 crore, up 16.36% year on year, and net profit of Rs 1,528.13 crore, up 18.85%. Net profit has compounded at 19.74% a year since FY22, while revenue has grown 17.56% a year. Operating margin was 68.84% in FY26. The debt-to-equity ratio is 0.02, which keeps interest costs low.
The stock trades at a PE of 41.45 against an industry PE of 17.70, with a return on equity of 32.83%. The dividend yield is 2.02%. In the June 2026 quarter, revenue rose 24.51% to Rs 937.08 crore and net profit grew 27.15% to Rs 503.09 crore. The share price has gained 131.06% over five years and 20.07% over the past year. Domestic institutions raised their holding from 13.45% in June 2025 to 15.49% in June 2026.
Stocks With Operating Margin Above 60 Per Cent: Financial Comparison on Growth and Margins
The table compares scale and growth across these stocks with operating margin above 60 per cent. 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) |
|---|---|---|---|---|---|---|
| Adani Ports | 40,854.36 | 12,782.03 | 26.16% | 20.55% | 26.74% | 65.67% |
| BSE | 5,148.10 | 2,475.30 | 59.07% | 56.26% | 78.30% | 77.03% |
| MCX | 2,429.05 | 1,331.55 | 100.94% | 53.87% | 74.55% | 77.49% |
| Nippon Life India AMC | 2,933.07 | 1,528.13 | 16.36% | 17.56% | 19.74% | 88.41% |
Check the Univest Screener for live data on these stocks with operating margin above 60 per cent
Institutional Holding in Adani Ports, BSE, MCX and Nippon Life India AMC
Institutional holding shows who is backing these stocks with operating margin above 60 per cent alongside the promoter. The table uses the latest reported quarter for each. MCX has the deepest institutional backing, with FII and DII together holding 80.65% as of June 2026. Domestic institutions increased their holding over the past year in BSE (from 13.51% to 24.15%) and Nippon Life India AMC (from 13.45% to 15.49%).
| Stock | Promoter | FII | DII | Public | Quarter |
|---|---|---|---|---|---|
| Adani Ports | 66.03% | 15.95% | 13.25% | 4.77% | September 2026 |
| BSE | Nil | 21.32% | 24.15% | 54.53% | June 2026 |
| MCX | Nil | 29.84% | 50.81% | 19.34% | June 2026 |
| Nippon Life India AMC | 71.80% | 7.04% | 15.49% | 5.67% | June 2026 |
Risks to Weigh in Stocks With Operating Margin Above 60 Per Cent
Being careful with stocks with operating margin above 60 per cent 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: Nippon Life India AMC trades at a PE of 41.45 against an industry PE of 17.70, 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 Operating Margin Above 60 Per Cent
Picking from stocks with operating margin above 60 per cent 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 (17.70 to 42.42) 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 Adani Ports, BSE, MCX and Nippon Life India AMC live prices.
Conclusion
Among stocks with operating margin above 60 per cent, Adani Ports stands out for the lowest PE of the group at 30.69, BSE for the fastest profit growth, 78.30% a year since FY22, MCX for the highest return on equity at 46.75% and Nippon Life India AMC for a nearly debt-free balance sheet, with a debt-to-equity ratio of 0.02. 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 operating margin above 60 per cent 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 Operating Margin Above 60 Per Cent to Watch
Which are the best stocks with operating margin above 60 per cent to watch for multibagger potential?
Ans. Adani Ports, BSE, MCX and Nippon Life India AMC are the 4 names this list highlights, with market caps of Rs 4,02,686 crore, Rs 1,39,823 crore, Rs 80,621 crore and Rs 67,860 crore respectively. Adani Ports is notable for the lowest PE of the group at 30.69. BSE stands out for the fastest profit growth, 78.30% a year since FY22. MCX offers the highest return on equity at 46.75%. Nippon Life India AMC brings a nearly debt-free balance sheet, with a debt-to-equity ratio of 0.02. These are watchlist names for stocks with operating margin above 60 per cent, not recommendations, so match each one to your own risk profile and time horizon.
Is MCX a good stock for long-term investors?
Ans. MCX has a return on equity of 46.75%, a PE of 52.29 against an industry PE of 42.17 and a market cap of Rs 80,621 crore. Net profit has compounded at 74.55% a year since FY22, and FY26 revenue rose 100.94% while June 2026 quarter net profit grew 103.47%. Long-term returns in stocks with operating margin above 60 per cent depend on earnings growth and the price paid at entry, so staggering purchases and consulting a SEBI-registered advisor is sensible.
Can BSE become a multibagger from here?
Ans. BSE has already gained 2101.66% in five years, so another multi-fold move would need sustained earnings growth. A multibagger outcome in stocks with operating margin above 60 per cent requires earnings to keep growing faster than the market for several years. Net profit has compounded at 78.30% a year since FY22, and FY26 revenue rose 59.07%. At a PE of 49.55 against an industry PE of 42.42, valuation should be checked against that growth before investing.
What is the market cap of Adani Ports, BSE, MCX and Nippon Life India AMC?
Ans. As of 20 October 2026, Adani Ports has a market cap of Rs 4,02,686 crore, BSE has a market cap of Rs 1,39,823 crore, MCX has a market cap of Rs 80,621 crore and Nippon Life India AMC has a market cap of Rs 67,860 crore. Adani Ports 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 operating margin above 60 per cent.
What are the risks of investing in stocks with operating margin above 60 per cent?
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. Nippon Life India AMC trades at a PE of 41.45 against an industry PE of 17.70, so earnings growth needs to hold up.
Why is Nippon Life India AMC trading at a PE of 41.45?
Ans. Nippon Life India AMC’s PE of 41.45 compares with an industry PE of 17.70. The market is paying a premium for a return on equity of 32.83%, profit growth of 19.74% a year since FY22 and latest-quarter profit growth of 27.15%, which also means the stock is more sensitive if growth slows. Investors in stocks with operating margin above 60 per cent who are comfortable with higher valuation risk may prefer to stagger purchases instead of investing in one go.
How much do institutions hold in Adani Ports, BSE, MCX and Nippon Life India AMC?
Ans. As of the latest reported quarter, FII and DII together hold 29.20% of Adani Ports (15.95% and 13.25%), 45.47% of BSE (21.32% and 24.15%), 80.65% of MCX (29.84% and 50.81%) and 22.53% of Nippon Life India AMC (7.04% and 15.49%). Rising institutional holding is a useful signal in stocks with operating margin above 60 per cent, though it should be read with earnings trends rather than on its own.
