38 Percent Quarterly Profit Growth Stocks to Buy in November 2026: 5 Names on the Watchlist
- November 12, 2026
- Posted by: Harsh Piplani
- Category: Best Stocks
Apollo Hospitals Rs 8,604. Asian Paints Rs 2,550. Grasim Rs 3,157. Happy Forgings Rs 1,810. Vijaya Rs 1,424. NSE closing prices, 11 Nov 2026.
Quick Answer
Five 38 percent quarterly profit growth stocks to buy on the November 2026 watchlist are Apollo Hospitals Enterprise, Asian Paints, Grasim Industries, Happy Forgings and Vijaya Diagnostic Centre. All five grew revenue in their latest full year, and all five also grew net profit. Grasim Industries has the lowest P/E at 17.62, while Apollo Hospitals Enterprise leads on return on equity at 20.48%. Check each valuation against your own risk appetite before acting.
The 38 percent quarterly profit growth stocks to buy in November 2026 start with five listed names: Apollo Hospitals Enterprise, Asian Paints, Grasim Industries, Happy Forgings and Vijaya Diagnostic Centre. These five companies each grew net profit by about 38% to 40% in the September 2026 quarter compared with a year earlier. Apollo Hospitals Enterprise, Asian Paints and Grasim Industries are part of the Nifty 50 index.
This article ranks none of them as a sure thing. It lays out the numbers each company has reported, how the shares are priced today and what an investor should check before adding any of these 38 percent quarterly profit growth stocks to buy to a portfolio. All prices are NSE closing prices of 11 November 2026, and financials come from company filings.
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Which Are the Best 38 Percent Quarterly Profit Growth Stocks to Buy in November 2026?
The best 38 percent quarterly profit growth stocks to buy in November 2026 for a watchlist are Apollo Hospitals Enterprise, Asian Paints, Grasim Industries, Happy Forgings and Vijaya Diagnostic Centre. They were picked because each has complete reported financials, profit in the latest quarter and an NSE listing. The table puts their market data side by side.
| Company | CMP (Rs) | Market Cap | P/E | ROE | Dividend Yield |
|---|---|---|---|---|---|
| Apollo Hospitals Enterprise | 8,604 | Rs 1,17,875 crore | 54.27 | 20.48% | 0.24% |
| Asian Paints | 2,550 | Rs 2,19,177 crore | 45.31 | 20.24% | 1.20% |
| Grasim Industries | 3,157 | Rs 1,98,390 crore | 17.62 | 4.80% | 0.34% |
| Happy Forgings | 1,810 | Rs 16,943 crore | 51.75 | 14.17% | 0.22% |
| Vijaya Diagnostic Centre | 1,424 | Rs 15,086 crore | 80.48 | 18.07% | 0.14% |
On valuation, Apollo Hospitals Enterprise and Grasim Industries trade below the industry P/E; Asian Paints and Happy Forgings sit close to it; Vijaya Diagnostic Centre carries a premium. Valuation is the first filter for any 38 percent quarterly profit growth stocks to buy list, and it is covered again in the risk section.
Why These 38 Percent Quarterly Profit Growth Stocks to Buy Are in Focus
In this list, FY26 net profit and revenue both grew for every company, and quarterly profit in the September 2026 quarter was higher than a year earlier for all five. The list covers India’s largest private hospital chain, the largest paint maker, a cement and chemicals group, a forgings maker and a diagnostics chain. Investors comparing the best stocks with 38 percent quarterly profit growth in India usually check whether growth is steady, how the shares are valued and how much debt the company carries.
Apollo Hospitals Enterprise: The Hospital Chain Leader Among 38 Percent Quarterly Profit Growth Stocks to Buy
Apollo Hospitals Enterprise is India’s largest private hospital chain, which also runs a large pharmacy network and a digital health arm. At Rs 8,604, the stock has a market capitalisation of Rs 1,17,875 crore and trades at 54.27 times earnings, while the industry P/E is 61.50.
Reported numbers show FY26 revenue of Rs 25,420 crore, up 15.6% year on year, with net profit at Rs 2,003 crore, up 33.1%. The June 2026 quarter added revenue of Rs 7,092 crore (up 20.6%) and net profit of Rs 610 crore (up 38.4%).
Return on equity is 20.48%, debt-to-equity is 0.90, and the dividend yield is 0.24%. Promoters hold 28.02%, foreign institutions 43.18% and domestic institutions 22.07% as of September 2026. A point to keep in view: debt is higher than most names on this list.
Asian Paints: The Paint Market Leader Among 38 Percent Quarterly Profit Growth Stocks to Buy
Asian Paints is India’s largest paint maker, with a vast dealer network and a growing home-decor business. Its market capitalisation is Rs 2,19,177 crore, the share price is Rs 2,550 and the P/E of 45.31 compares with an industry P/E of 41.91.
Over FY26, net profit rose 18.5% to Rs 4,395 crore on revenue of Rs 36,307 crore, which was up 5.3%. The latest quarter, the June 2026 quarter, brought revenue of Rs 10,783 crore, up 18.1% year on year, and net profit of Rs 1,559 crore, up 39.6%.
Return on equity is 20.24%, debt-to-equity is 0.18, and the dividend yield is 1.20%. Promoters hold 52.65%, foreign institutions 13.76% and domestic institutions 19.42% as of September 2026. Foreign institutional holding has risen from 11.64% to 13.76% over the last year.
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Grasim Industries: The Diversified Group Company Among 38 Percent Quarterly Profit Growth Stocks to Buy
Grasim Industries is a diversified Aditya Birla Group company with chemicals, fibre and paints businesses and a holding in UltraTech Cement. The stock trades at Rs 3,157 with a market capitalisation of Rs 1,98,390 crore and a P/E of 17.62, against an industry P/E of 30.10.
FY26 revenue rose 17.8% to Rs 1,76,611 crore and net profit rose 32.8% to Rs 10,300 crore. In the June 2026 quarter, revenue grew 21.2% year on year to Rs 49,021 crore, while net profit grew 38.8% to Rs 3,846 crore.
Return on equity is 4.80%, debt-to-equity is 2.20, and the dividend yield is 0.34%. Promoters hold 45.20%, foreign institutions 17.09% and domestic institutions 15.25% as of September 2026. A point to keep in view: debt is higher than most names on this list, and return on equity is a modest 4.80%.
Happy Forgings: The Precision Forging Specialist Among 38 Percent Quarterly Profit Growth Stocks to Buy
Happy Forgings is a maker of precision forged and machined components for auto, industrial and renewable customers. At Rs 1,810, the stock has a market capitalisation of Rs 16,943 crore and trades at 51.75 times earnings, while the industry P/E is 48.76.
Reported numbers show FY26 revenue of Rs 1,577 crore, up 9.0% year on year, with net profit at Rs 302 crore, up 12.8%. The June 2026 quarter added revenue of Rs 460 crore (up 26.5%) and net profit of Rs 91.5 crore (up 39.2%).
Return on equity is 14.17%, debt-to-equity is 0.15, and the dividend yield is 0.22%. Promoters hold 78.44%, foreign institutions 2.37% and domestic institutions 14.93% as of September 2026.
Vijaya Diagnostic Centre: The South India Diagnostics Name Among 38 Percent Quarterly Profit Growth Stocks to Buy
Vijaya Diagnostic Centre is a south India focused diagnostics chain with strong radiology and pathology services. Its market capitalisation is Rs 15,086 crore, the share price is Rs 1,424 and the P/E of 80.48 compares with an industry P/E of 61.50.
Over FY26, net profit rose 20.3% to Rs 173 crore on revenue of Rs 835 crore, which was up 19.3%. The latest quarter, the June 2026 quarter, brought revenue of Rs 240 crore, up 22.8% year on year, and net profit of Rs 53.1 crore, up 37.6%.
Return on equity is 18.07%, debt-to-equity is 0.44, and the dividend yield is 0.14%. Promoters hold 52.46%, foreign institutions 10.66% and domestic institutions 32.50% as of September 2026. Domestic institutional holding has risen from 25.34% to 32.50% over the last year. A point to keep in view: at a P/E of 80.48, expectations are already high.
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Growth Snapshot: Latest Full Year and Latest Quarter
The table compares year-on-year growth in revenue and net profit for all five 38 percent quarterly profit growth stocks, using filed results.
| Company | Full-Year Revenue Growth | Full-Year Profit Growth | Latest Quarter | Quarter Revenue Growth | Quarter Profit Growth |
|---|---|---|---|---|---|
| Apollo Hospitals Enterprise | 15.6% | 33.1% | Jun 2026 | 20.6% | 38.4% |
| Asian Paints | 5.3% | 18.5% | Jun 2026 | 18.1% | 39.6% |
| Grasim Industries | 17.8% | 32.8% | Jun 2026 | 21.2% | 38.8% |
| Happy Forgings | 9.0% | 12.8% | Jun 2026 | 26.5% | 39.2% |
| Vijaya Diagnostic Centre | 19.3% | 20.3% | Jun 2026 | 22.8% | 37.6% |
Factors That Move 38 Percent Quarterly Profit Growth Stocks to Buy
Four factors tend to drive 38 percent quarterly profit growth stocks, and each one is worth checking before a purchase.
- Quarterly growth: Profit rose about 38% to 40% year on year.
- Dividends: Asian Paints yields about 1.2%.
- Return on equity: Apollo Hospitals Enterprise leads at about 20%.
- Valuation: P/E runs from about 18 to 80.
Risks to Keep in Mind Before Buying 38 Percent Quarterly Profit Growth Stocks
The first risk is that Vijaya Diagnostic Centre trades at a P/E near 80 and Apollo Hospitals Enterprise near 54, while Grasim Industries trades near 18, so expectations differ widely. The second is that Grasim Industries carries the highest borrowings of the five. Check results every quarter.
On the numbers, Vijaya Diagnostic Centre trades at the highest P/E on this list at 80.48, so its earnings need to keep growing to support the price. 38 Percent Quarterly Profit Growth stocks to buy can still fall when markets turn weak, and a staggered entry has historically suited investors better than a lump-sum purchase.
How to Choose 38 Percent Quarterly Profit Growth Stocks to Buy
- Compare growth: Apollo Hospitals Enterprise grew FY26 profit most, by about 33%.
- Check P/E: Grasim Industries trades lowest.
- Read the yield: Asian Paints pays the most.
- Spread sectors: Mix hospitals, paints, cement, forgings and diagnostics.
How to Invest in 38 Percent Quarterly Profit Growth Stocks
- Shortlist two or three companies from this list that match your risk appetite.
- Open the Univest Screener and compare P/E, ROE and debt for each stock.
- Check the latest quarterly results and shareholding pattern on NSE or BSE.
- Decide an amount you can hold for three to five years and split it into two or three purchases.
- Review the holding after every quarterly result instead of reacting to daily price moves.
Conclusion
Grasim Industries offers the lowest P/E on this list at 17.62, Apollo Hospitals Enterprise has the highest return on equity at 20.48%, and Apollo Hospitals Enterprise posted the fastest net profit growth in its latest full year at 33.1%. Among the best 38 percent quarterly profit growth stocks in India, these five give investors a spread of size, valuation and growth, so the right pick depends on risk appetite and holding period. Spread the entry, keep position sizes sensible and consult a SEBI-registered advisor before investing in any of these 38 percent quarterly profit growth stocks to buy.
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 38 Percent Quarterly Profit Growth Stocks to Buy
Which are the best 38 percent quarterly profit growth stocks to buy in November 2026?
Ans. The five 38 percent quarterly profit growth stocks on the November 2026 watchlist are Apollo Hospitals Enterprise, Asian Paints, Grasim Industries, Happy Forgings and Vijaya Diagnostic Centre. Grasim Industries has the lowest P/E at 17.62, Apollo Hospitals Enterprise has the highest ROE at 20.48%, and Apollo Hospitals Enterprise grew net profit 33.1% in its latest full year. This is educational content, not investment advice, so please consult a SEBI-registered advisor.
Is Asian Paints a good stock to buy from this 38 Percent Quarterly Profit Growth list?
Ans. Asian Paints is the largest company on this list with a market capitalisation of Rs 2,19,177 crore and a P/E of 45.31 against an industry P/E of 41.91. Its FY26 revenue rose 5.3% and net profit rose 18.5%, with return on equity at 20.24%. Whether it suits you depends on your risk appetite and holding period, so please consult a SEBI-registered advisor before investing.
Are these 38 percent quarterly profit growth stocks expensive right now?
Ans. Valuations vary across the group. Apollo Hospitals Enterprise trades at a P/E of 54.27, Asian Paints trades at a P/E of 45.31, Grasim Industries trades at a P/E of 17.62, Happy Forgings trades at a P/E of 51.75, Vijaya Diagnostic Centre trades at a P/E of 80.48, against industry multiples ranging from 30.10 to 61.50. Higher multiples reflect faster growth but also leave less room for earnings misses, so entry price deserves attention.
Which of these 38 percent quarterly profit growth stocks pay a dividend?
Ans. Dividend yields on this list are Apollo Hospitals Enterprise 0.24%, Asian Paints 1.20%, Grasim Industries 0.34%, Happy Forgings 0.22%, Vijaya Diagnostic Centre 0.14%. Yields are modest across the group, so most investors look at these stocks for growth in earnings rather than for income, and payouts can change with company profits.
Which stock on this list has the highest return on equity?
Ans. Apollo Hospitals Enterprise has the highest ROE on this list at 20.48%, followed by Asian Paints at 20.24% and Vijaya Diagnostic Centre at 18.07%. A higher ROE shows a company earns more profit on shareholder capital, but it should be read alongside valuation and debt.
What are the risks of investing in 38 percent quarterly profit growth stocks?
Ans. The main risks are very high valuations at three names, borrowings at the cement group and a wide spread in sectors. On this list, Vijaya Diagnostic Centre trades at the highest P/E of 80.48, which leaves less room for earnings disappointments. Staggered buying and a long holding period can help manage these risks.
How can I invest in 38 percent quarterly profit growth stocks in India?
Ans. You can buy these stocks directly on NSE or BSE through a demat account, and compare them first on the Univest Screener using P/E, ROE and debt. Many investors split the amount across two or three purchases and review the holding after each quarterly result. Sector-themed mutual funds and ETFs are another route for investors who prefer diversification.
