{"id":319393,"date":"2026-10-21T11:49:16","date_gmt":"2026-10-21T06:19:16","guid":{"rendered":"https:\/\/univest.in\/blogs-2\/?p=319393"},"modified":"2026-10-21T11:49:16","modified_gmt":"2026-10-21T06:19:16","slug":"china-plus-one-stocks-to-watch-multibagger-potential","status":"publish","type":"post","link":"https:\/\/univest.in\/blogs-2\/china-plus-one-stocks-to-watch-multibagger-potential\/","title":{"rendered":"3 Top China Plus One Stocks to Watch for Future Multibagger Potential: Dixon, SRF and Navin Fluorine"},"content":{"rendered":"<p style=\"border-left:4px solid #1F4E79;background:#EBF3FB;padding:10px 16px;font-style:italic;\"><em>Dixon Rs 12,100. SRF Rs 2,432. Navin Fluorine Rs 8,152.50. Market caps from Rs 42,287 crore to Rs 78,360 crore. Data as of 20 Oct 2026.<\/em><\/p>\n<div style=\"background:#F0F9FF;border-left:4px solid #2E7D32;border-radius:6px;padding:14px 18px;margin:18px 0;\">\n<p style=\"margin:0;color:#1F4E79;font-size:14px;\"><strong>Quick Answer<\/strong><\/p>\n<p style=\"margin:8px 0 0;\">Dixon, SRF and Navin Fluorine are the 3 picks in this China plus one stocks watchlist, with market caps between Rs 42,287 crore and Rs 78,360 crore. Dixon stands out for the highest return on equity at 30.76%, while SRF offers the lowest PE of the group at 34.20. PE ratios run from 34.20 to 53.55, so compare each one with its industry PE before investing. All figures are as of 20 October 2026.<\/p>\n<\/p><\/div>\n<p>China plus one stocks to watch for multibagger potential start with a simple filter: size, a clean financial record and earnings that keep growing. Dixon, SRF and Navin Fluorine meet that test, with market caps from Rs 42,287 crore to Rs 78,360 crore and Dixon offering the highest return on equity at 30.76%. Global buyers are adding suppliers outside China, and Indian makers of specialty chemicals and electronics are among the companies positioned to benefit.<\/p>\n<p>This list covers manufacturers in specialty chemicals and electronics with rising 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 China plus one stocks 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.<\/p>\n<p style=\"margin-top:24px;\"><a href=\"https:\/\/univest.in\/user\/log-in?utm_source=blogs&#038;utm_medium=china-plus-one-stocks\"><strong>Click Here &#8211; Get Free Investment Predictions<\/strong><\/a><\/p>\n<div id=\"ez-toc-container\" class=\"ez-toc-v2_0_65 counter-hierarchy ez-toc-counter ez-toc-grey ez-toc-container-direction\">\n<div class=\"ez-toc-title-container\">\n<p class=\"ez-toc-title \" >Table of Contents<\/p>\n<span class=\"ez-toc-title-toggle\"><a href=\"#\" class=\"ez-toc-pull-right ez-toc-btn ez-toc-btn-xs ez-toc-btn-default ez-toc-toggle\" aria-label=\"Toggle Table of Content\"><span class=\"ez-toc-js-icon-con\"><span class=\"\"><span class=\"eztoc-hide\" style=\"display:none;\">Toggle<\/span><span class=\"ez-toc-icon-toggle-span\"><svg style=\"fill: #999;color:#999\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" class=\"list-377408\" width=\"20px\" height=\"20px\" viewBox=\"0 0 24 24\" fill=\"none\"><path d=\"M6 6H4v2h2V6zm14 0H8v2h12V6zM4 11h2v2H4v-2zm16 0H8v2h12v-2zM4 16h2v2H4v-2zm16 0H8v2h12v-2z\" fill=\"currentColor\"><\/path><\/svg><svg style=\"fill: #999;color:#999\" class=\"arrow-unsorted-368013\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"10px\" height=\"10px\" viewBox=\"0 0 24 24\" version=\"1.2\" baseProfile=\"tiny\"><path d=\"M18.2 9.3l-6.2-6.3-6.2 6.3c-.2.2-.3.4-.3.7s.1.5.3.7c.2.2.4.3.7.3h11c.3 0 .5-.1.7-.3.2-.2.3-.5.3-.7s-.1-.5-.3-.7zM5.8 14.7l6.2 6.3 6.2-6.3c.2-.2.3-.5.3-.7s-.1-.5-.3-.7c-.2-.2-.4-.3-.7-.3h-11c-.3 0-.5.1-.7.3-.2.2-.3.5-.3.7s.1.5.3.7z\"\/><\/svg><\/span><\/span><\/span><\/a><\/span><\/div>\n<nav><ul class='ez-toc-list ez-toc-list-level-1 ' ><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-1\" href=\"https:\/\/univest.in\/blogs-2\/china-plus-one-stocks-to-watch-multibagger-potential\/#What_Are_China_Plus_One_Stocks_and_Why_Do_They_Attract_Multibagger_Interest\" title=\"What Are China Plus One Stocks and Why Do They Attract Multibagger Interest?\">What Are China Plus One Stocks and Why Do They Attract Multibagger Interest?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-2\" href=\"https:\/\/univest.in\/blogs-2\/china-plus-one-stocks-to-watch-multibagger-potential\/#China_Plus_One_Stocks_at_a_Glance_Price_Market_Cap_PE_and_ROE\" title=\"China Plus One Stocks at a Glance: Price, Market Cap, PE and ROE\">China Plus One Stocks at a Glance: Price, Market Cap, PE and ROE<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-3\" href=\"https:\/\/univest.in\/blogs-2\/china-plus-one-stocks-to-watch-multibagger-potential\/#Dixon_7144_Profit_CAGR_Since_FY22\" title=\"Dixon: 71.44% Profit CAGR Since FY22\">Dixon: 71.44% Profit CAGR Since FY22<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-4\" href=\"https:\/\/univest.in\/blogs-2\/china-plus-one-stocks-to-watch-multibagger-potential\/#SRF_Quarterly_Profit_Up_7553\" title=\"SRF: Quarterly Profit Up 75.53%\">SRF: Quarterly Profit Up 75.53%<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-5\" href=\"https:\/\/univest.in\/blogs-2\/china-plus-one-stocks-to-watch-multibagger-potential\/#Navin_Fluorine_2602_Profit_CAGR_Since_FY22\" title=\"Navin Fluorine: 26.02% Profit CAGR Since FY22\">Navin Fluorine: 26.02% Profit CAGR Since FY22<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-6\" href=\"https:\/\/univest.in\/blogs-2\/china-plus-one-stocks-to-watch-multibagger-potential\/#China_Plus_One_Stocks_Financial_Comparison_on_Growth_and_Margins\" title=\"China Plus One Stocks: Financial Comparison on Growth and Margins\">China Plus One Stocks: Financial Comparison on Growth and Margins<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-7\" href=\"https:\/\/univest.in\/blogs-2\/china-plus-one-stocks-to-watch-multibagger-potential\/#Institutional_Holding_in_Dixon_SRF_and_Navin_Fluorine\" title=\"Institutional Holding in Dixon, SRF and Navin Fluorine\">Institutional Holding in Dixon, SRF and Navin Fluorine<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-8\" href=\"https:\/\/univest.in\/blogs-2\/china-plus-one-stocks-to-watch-multibagger-potential\/#Risks_to_Weigh_in_China_Plus_One_Stocks\" title=\"Risks to Weigh in China Plus One Stocks\">Risks to Weigh in China Plus One Stocks<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-9\" href=\"https:\/\/univest.in\/blogs-2\/china-plus-one-stocks-to-watch-multibagger-potential\/#How_to_Choose_Between_China_Plus_One_Stocks\" title=\"How to Choose Between China Plus One Stocks\">How to Choose Between China Plus One Stocks<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-10\" href=\"https:\/\/univest.in\/blogs-2\/china-plus-one-stocks-to-watch-multibagger-potential\/#Conclusion\" title=\"Conclusion\">Conclusion<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-11\" href=\"https:\/\/univest.in\/blogs-2\/china-plus-one-stocks-to-watch-multibagger-potential\/#Frequently_Asked_Questions_on_China_Plus_One_Stocks_to_Watch\" title=\"Frequently Asked Questions on China Plus One Stocks to Watch\">Frequently Asked Questions on China Plus One Stocks to Watch<\/a><ul class='ez-toc-list-level-3' ><li class='ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-12\" href=\"https:\/\/univest.in\/blogs-2\/china-plus-one-stocks-to-watch-multibagger-potential\/#Which_are_the_best_China_plus_one_stocks_to_watch_for_multibagger_potential\" title=\"Which are the best China plus one stocks to watch for multibagger potential?\">Which are the best China plus one stocks to watch for multibagger potential?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-13\" href=\"https:\/\/univest.in\/blogs-2\/china-plus-one-stocks-to-watch-multibagger-potential\/#Is_Dixon_a_good_stock_for_long-term_investors\" title=\"Is Dixon a good stock for long-term investors?\">Is Dixon a good stock for long-term investors?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-14\" href=\"https:\/\/univest.in\/blogs-2\/china-plus-one-stocks-to-watch-multibagger-potential\/#Can_Navin_Fluorine_become_a_multibagger_from_here\" title=\"Can Navin Fluorine become a multibagger from here?\">Can Navin Fluorine become a multibagger from here?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-15\" href=\"https:\/\/univest.in\/blogs-2\/china-plus-one-stocks-to-watch-multibagger-potential\/#What_is_the_market_cap_of_Dixon_SRF_and_Navin_Fluorine\" title=\"What is the market cap of Dixon, SRF and Navin Fluorine?\">What is the market cap of Dixon, SRF and Navin Fluorine?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-16\" href=\"https:\/\/univest.in\/blogs-2\/china-plus-one-stocks-to-watch-multibagger-potential\/#What_are_the_risks_of_investing_in_China_plus_one_stocks\" title=\"What are the risks of investing in China plus one stocks?\">What are the risks of investing in China plus one stocks?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-17\" href=\"https:\/\/univest.in\/blogs-2\/china-plus-one-stocks-to-watch-multibagger-potential\/#Why_is_Navin_Fluorine_trading_at_a_PE_of_5355\" title=\"Why is Navin Fluorine trading at a PE of 53.55?\">Why is Navin Fluorine trading at a PE of 53.55?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-18\" href=\"https:\/\/univest.in\/blogs-2\/china-plus-one-stocks-to-watch-multibagger-potential\/#How_much_do_institutions_hold_in_Dixon_SRF_and_Navin_Fluorine\" title=\"How much do institutions hold in Dixon, SRF and Navin Fluorine?\">How much do institutions hold in Dixon, SRF and Navin Fluorine?<\/a><\/li><\/ul><\/li><\/ul><\/nav><\/div>\n<h2><span class=\"ez-toc-section\" id=\"What_Are_China_Plus_One_Stocks_and_Why_Do_They_Attract_Multibagger_Interest\"><\/span><strong>What Are China Plus One Stocks and Why Do They Attract Multibagger Interest?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>China plus one stocks are shares of Indian manufacturers that serve global customers looking to spread their sourcing beyond one country. The theme covers specialty chemicals, electronics and other contract manufacturing.<\/p>\n<p>When global companies add India as a second source, they sign long-term supply contracts that support steady volumes. Among China plus one stocks, companies with growing capacity and rising profit are the ones investors compare in China plus one stocks.<\/p>\n<h2><span class=\"ez-toc-section\" id=\"China_Plus_One_Stocks_at_a_Glance_Price_Market_Cap_PE_and_ROE\"><\/span><strong>China Plus One Stocks at a Glance: Price, Market Cap, PE and ROE<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>Prices are closing prices as of 20 October 2026. SRF has the lowest PE of the group at 34.20, while Dixon posts the highest return on equity at 30.76%.<\/p>\n<table style=\"border-collapse:collapse;width:100%;margin:16px 0;\">\n<thead>\n<tr>\n<th style=\"border:1px solid #BBBBBB;background:#1F4E79;color:#FFFFFF;padding:8px;text-align:left;\">Stock<\/th>\n<th style=\"border:1px solid #BBBBBB;background:#1F4E79;color:#FFFFFF;padding:8px;text-align:left;\">CMP (Rs)<\/th>\n<th style=\"border:1px solid #BBBBBB;background:#1F4E79;color:#FFFFFF;padding:8px;text-align:left;\">Market Cap (Rs Cr)<\/th>\n<th style=\"border:1px solid #BBBBBB;background:#1F4E79;color:#FFFFFF;padding:8px;text-align:left;\">PE<\/th>\n<th style=\"border:1px solid #BBBBBB;background:#1F4E79;color:#FFFFFF;padding:8px;text-align:left;\">Industry PE<\/th>\n<th style=\"border:1px solid #BBBBBB;background:#1F4E79;color:#FFFFFF;padding:8px;text-align:left;\">ROE<\/th>\n<th style=\"border:1px solid #BBBBBB;background:#1F4E79;color:#FFFFFF;padding:8px;text-align:left;\">Debt to Equity<\/th>\n<th style=\"border:1px solid #BBBBBB;background:#1F4E79;color:#FFFFFF;padding:8px;text-align:left;\">52-Week Range (Rs)<\/th>\n<\/tr>\n<\/thead>\n<tbody>\n<tr>\n<td style=\"border:1px solid #BBBBBB;padding:8px;\"><a href=\"https:\/\/univest.in\/stocks\/dixon\/dixon-technologies-(india)-ltd-share-price-today\">Dixon Technologies<\/a><\/td>\n<td style=\"border:1px solid #BBBBBB;padding:8px;\">12,100<\/td>\n<td style=\"border:1px solid #BBBBBB;padding:8px;\">78,360<\/td>\n<td style=\"border:1px solid #BBBBBB;padding:8px;\">37.64<\/td>\n<td style=\"border:1px solid #BBBBBB;padding:8px;\">45.19<\/td>\n<td style=\"border:1px solid #BBBBBB;padding:8px;\">30.76%<\/td>\n<td style=\"border:1px solid #BBBBBB;padding:8px;\">0.21<\/td>\n<td style=\"border:1px solid #BBBBBB;padding:8px;\">9,600.00 to 17,299.00<\/td>\n<\/tr>\n<tr>\n<td style=\"border:1px solid #BBBBBB;padding:8px;\"><a href=\"https:\/\/univest.in\/stocks\/srf\/srf-ltd-share-price-today\">SRF<\/a><\/td>\n<td style=\"border:1px solid #BBBBBB;padding:8px;\">2,432<\/td>\n<td style=\"border:1px solid #BBBBBB;padding:8px;\">73,936<\/td>\n<td style=\"border:1px solid #BBBBBB;padding:8px;\">34.20<\/td>\n<td style=\"border:1px solid #BBBBBB;padding:8px;\">36.15<\/td>\n<td style=\"border:1px solid #BBBBBB;padding:8px;\">13.07%<\/td>\n<td style=\"border:1px solid #BBBBBB;padding:8px;\">0.36<\/td>\n<td style=\"border:1px solid #BBBBBB;padding:8px;\">2,355.00 to 3,210.00<\/td>\n<\/tr>\n<tr>\n<td style=\"border:1px solid #BBBBBB;padding:8px;\"><a href=\"https:\/\/univest.in\/stocks\/navinfluor\/navin-fluorine-international-ltd-share-price-today\">Navin Fluorine International<\/a><\/td>\n<td style=\"border:1px solid #BBBBBB;padding:8px;\">8,152.50<\/td>\n<td style=\"border:1px solid #BBBBBB;padding:8px;\">42,287<\/td>\n<td style=\"border:1px solid #BBBBBB;padding:8px;\">53.55<\/td>\n<td style=\"border:1px solid #BBBBBB;padding:8px;\">36.42<\/td>\n<td style=\"border:1px solid #BBBBBB;padding:8px;\">16.69%<\/td>\n<td style=\"border:1px solid #BBBBBB;padding:8px;\">0.32<\/td>\n<td style=\"border:1px solid #BBBBBB;padding:8px;\">4,772.20 to 8,949.50<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<h2><span class=\"ez-toc-section\" id=\"Dixon_7144_Profit_CAGR_Since_FY22\"><\/span><strong>Dixon: 71.44% Profit CAGR Since FY22<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>Dixon Technologies is an electronics manufacturing services company that makes televisions, phones, appliances and lighting for brands. It reported FY26 revenue of Rs 49,585.84 crore, up 27.53% year on year, and net profit of Rs 1,644.25 crore, up 33.40%. Net profit has compounded at 71.44% a year since FY22, while revenue has grown 46.72% a year. Operating margin was 3.95% in FY26. The debt-to-equity ratio is 0.21.<\/p>\n<p>In the June 2026 quarter, revenue rose 25.23% to Rs 16,075.95 crore and net profit grew 156.35% to Rs 717.83 crore. The share price has gained 114.81% over five years. The stock trades at a PE of 37.64 against an industry PE of 45.19, below the sector average, with a return on equity of 30.76%.<\/p>\n<h2><span class=\"ez-toc-section\" id=\"SRF_Quarterly_Profit_Up_7553\"><\/span><strong>SRF: Quarterly Profit Up 75.53%<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>SRF operates in specialty chemicals, packaging films and technical textiles, and its chemicals business is a key earnings driver. It reported FY26 revenue of Rs 15,893.57 crore, up 7.20% year on year, and net profit of Rs 1,835.18 crore, up 46.72%. Revenue has compounded at 6.08% a year since FY22. Operating margin was 21.74% in FY26. The debt-to-equity ratio is 0.36.<\/p>\n<p>The stock trades at a PE of 34.20 against an industry PE of 36.15, below the sector average, with a return on equity of 13.07%. In the June 2026 quarter, revenue rose 31.69% to Rs 5,067.17 crore and net profit grew 75.53% to Rs 758.87 crore. Domestic institutions raised their holding from 18.85% in June 2025 to 22.44% in June 2026.<\/p>\n<h2><span class=\"ez-toc-section\" id=\"Navin_Fluorine_2602_Profit_CAGR_Since_FY22\"><\/span><strong>Navin Fluorine: 26.02% Profit CAGR Since FY22<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>Navin Fluorine International makes specialty fluorochemicals, refrigerant gases and contract research and manufacturing services. It reported FY26 revenue of Rs 3,379.19 crore, up 41.20% year on year, and net profit of Rs 663.56 crore, up 129.92%. Net profit has compounded at 26.02% a year since FY22, while revenue has grown 22.66% a year. Operating margin was 34.41% in FY26. The debt-to-equity ratio is 0.32.<\/p>\n<p>In the June 2026 quarter, revenue rose 46.11% to Rs 1,080.17 crore and net profit grew 107.66% to Rs 243.31 crore. The share price has gained 111.47% over five years and 61.62% over the past year. Foreign investors raised their holding from 21.98% in July 2025 to 23.73% in June 2026. The stock trades at a PE of 53.55 against an industry PE of 36.42, with a return on equity of 16.69%.<\/p>\n<h2><span class=\"ez-toc-section\" id=\"China_Plus_One_Stocks_Financial_Comparison_on_Growth_and_Margins\"><\/span><strong>China Plus One Stocks: Financial Comparison on Growth and Margins<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>The table compares scale and growth across these China plus one stocks. Latest quarter means the most recent reported quarter for each company, and only metrics that are positive for every company are shown.<\/p>\n<table style=\"border-collapse:collapse;width:100%;margin:16px 0;\">\n<thead>\n<tr>\n<th style=\"border:1px solid #BBBBBB;background:#1F4E79;color:#FFFFFF;padding:8px;text-align:left;\">Stock<\/th>\n<th style=\"border:1px solid #BBBBBB;background:#1F4E79;color:#FFFFFF;padding:8px;text-align:left;\">Revenue (Rs Cr)<\/th>\n<th style=\"border:1px solid #BBBBBB;background:#1F4E79;color:#FFFFFF;padding:8px;text-align:left;\">Net Profit (Rs Cr)<\/th>\n<th style=\"border:1px solid #BBBBBB;background:#1F4E79;color:#FFFFFF;padding:8px;text-align:left;\">Revenue Growth (YoY)<\/th>\n<th style=\"border:1px solid #BBBBBB;background:#1F4E79;color:#FFFFFF;padding:8px;text-align:left;\">4-Year Revenue CAGR<\/th>\n<th style=\"border:1px solid #BBBBBB;background:#1F4E79;color:#FFFFFF;padding:8px;text-align:left;\">Latest Quarter Revenue Growth<\/th>\n<th style=\"border:1px solid #BBBBBB;background:#1F4E79;color:#FFFFFF;padding:8px;text-align:left;\">Operating Margin (Latest Quarter)<\/th>\n<\/tr>\n<\/thead>\n<tbody>\n<tr>\n<td style=\"border:1px solid #BBBBBB;padding:8px;\">Dixon<\/td>\n<td style=\"border:1px solid #BBBBBB;padding:8px;\">49,585.84<\/td>\n<td style=\"border:1px solid #BBBBBB;padding:8px;\">1,644.25<\/td>\n<td style=\"border:1px solid #BBBBBB;padding:8px;\">27.53%<\/td>\n<td style=\"border:1px solid #BBBBBB;padding:8px;\">46.72%<\/td>\n<td style=\"border:1px solid #BBBBBB;padding:8px;\">25.23%<\/td>\n<td style=\"border:1px solid #BBBBBB;padding:8px;\">6.43%<\/td>\n<\/tr>\n<tr>\n<td style=\"border:1px solid #BBBBBB;padding:8px;\">SRF<\/td>\n<td style=\"border:1px solid #BBBBBB;padding:8px;\">15,893.57<\/td>\n<td style=\"border:1px solid #BBBBBB;padding:8px;\">1,835.18<\/td>\n<td style=\"border:1px solid #BBBBBB;padding:8px;\">7.20%<\/td>\n<td style=\"border:1px solid #BBBBBB;padding:8px;\">6.08%<\/td>\n<td style=\"border:1px solid #BBBBBB;padding:8px;\">31.69%<\/td>\n<td style=\"border:1px solid #BBBBBB;padding:8px;\">25.73%<\/td>\n<\/tr>\n<tr>\n<td style=\"border:1px solid #BBBBBB;padding:8px;\">Navin Fluorine<\/td>\n<td style=\"border:1px solid #BBBBBB;padding:8px;\">3,379.19<\/td>\n<td style=\"border:1px solid #BBBBBB;padding:8px;\">663.56<\/td>\n<td style=\"border:1px solid #BBBBBB;padding:8px;\">41.20%<\/td>\n<td style=\"border:1px solid #BBBBBB;padding:8px;\">22.66%<\/td>\n<td style=\"border:1px solid #BBBBBB;padding:8px;\">46.11%<\/td>\n<td style=\"border:1px solid #BBBBBB;padding:8px;\">37.52%<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<p style=\"margin-top:24px;\"><a href=\"https:\/\/univest.in\/screeners\"><strong>Check the Univest Screener for live data on these China plus one stocks<\/strong><\/a><\/p>\n<h2><span class=\"ez-toc-section\" id=\"Institutional_Holding_in_Dixon_SRF_and_Navin_Fluorine\"><\/span><strong>Institutional Holding in Dixon, SRF and Navin Fluorine<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>Institutional holding shows who is backing these China plus one stocks alongside the promoter. The table uses the latest reported quarter for each. Navin Fluorine has the deepest institutional backing, with FII and DII together holding 52.19% as of June 2026. Domestic institutions increased their holding over the past year in SRF (from 18.85% to 22.44%).<\/p>\n<table style=\"border-collapse:collapse;width:100%;margin:16px 0;\">\n<thead>\n<tr>\n<th style=\"border:1px solid #BBBBBB;background:#1F4E79;color:#FFFFFF;padding:8px;text-align:left;\">Stock<\/th>\n<th style=\"border:1px solid #BBBBBB;background:#1F4E79;color:#FFFFFF;padding:8px;text-align:left;\">Promoter<\/th>\n<th style=\"border:1px solid #BBBBBB;background:#1F4E79;color:#FFFFFF;padding:8px;text-align:left;\">FII<\/th>\n<th style=\"border:1px solid #BBBBBB;background:#1F4E79;color:#FFFFFF;padding:8px;text-align:left;\">DII<\/th>\n<th style=\"border:1px solid #BBBBBB;background:#1F4E79;color:#FFFFFF;padding:8px;text-align:left;\">Public<\/th>\n<th style=\"border:1px solid #BBBBBB;background:#1F4E79;color:#FFFFFF;padding:8px;text-align:left;\">Quarter<\/th>\n<\/tr>\n<\/thead>\n<tbody>\n<tr>\n<td style=\"border:1px solid #BBBBBB;padding:8px;\">Dixon<\/td>\n<td style=\"border:1px solid #BBBBBB;padding:8px;\">28.50%<\/td>\n<td style=\"border:1px solid #BBBBBB;padding:8px;\">18.96%<\/td>\n<td style=\"border:1px solid #BBBBBB;padding:8px;\">28.71%<\/td>\n<td style=\"border:1px solid #BBBBBB;padding:8px;\">23.83%<\/td>\n<td style=\"border:1px solid #BBBBBB;padding:8px;\">September 2026<\/td>\n<\/tr>\n<tr>\n<td style=\"border:1px solid #BBBBBB;padding:8px;\">SRF<\/td>\n<td style=\"border:1px solid #BBBBBB;padding:8px;\">50.26%<\/td>\n<td style=\"border:1px solid #BBBBBB;padding:8px;\">15.45%<\/td>\n<td style=\"border:1px solid #BBBBBB;padding:8px;\">22.44%<\/td>\n<td style=\"border:1px solid #BBBBBB;padding:8px;\">11.85%<\/td>\n<td style=\"border:1px solid #BBBBBB;padding:8px;\">June 2026<\/td>\n<\/tr>\n<tr>\n<td style=\"border:1px solid #BBBBBB;padding:8px;\">Navin Fluorine<\/td>\n<td style=\"border:1px solid #BBBBBB;padding:8px;\">27.08%<\/td>\n<td style=\"border:1px solid #BBBBBB;padding:8px;\">23.73%<\/td>\n<td style=\"border:1px solid #BBBBBB;padding:8px;\">28.46%<\/td>\n<td style=\"border:1px solid #BBBBBB;padding:8px;\">20.73%<\/td>\n<td style=\"border:1px solid #BBBBBB;padding:8px;\">June 2026<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<h2><span class=\"ez-toc-section\" id=\"Risks_to_Weigh_in_China_Plus_One_Stocks\"><\/span><strong>Risks to Weigh in China Plus One Stocks<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>Being careful with China plus one stocks means looking at what can slow the story as well as what can speed it up. Four points matter most:<\/p>\n<ul>\n<li>Global demand and trade policy can change quickly.<\/li>\n<li>New capacity takes time to reach full output.<\/li>\n<li><strong>Valuation:<\/strong> Navin Fluorine trades at a PE of 53.55 against an industry PE of 36.42, so earnings need to keep growing to support the price.<\/li>\n<li><strong>Concentration:<\/strong> Holding all 3 names puts the allocation in one sector, so size each position to match your risk appetite.<\/li>\n<\/ul>\n<h2><span class=\"ez-toc-section\" id=\"How_to_Choose_Between_China_Plus_One_Stocks\"><\/span><strong>How to Choose Between China Plus One Stocks<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>Picking from China plus one stocks comes down to four checks, applied in order.<\/p>\n<ol>\n<li>Check balance sheet strength first, and prefer a debt-to-equity ratio below 1 for non-financial companies.<\/li>\n<li>Compare each PE with the industry PE (36.15 to 45.19) and ask whether the growth rate justifies any gap.<\/li>\n<li>Track revenue growth, the operating margin and net profit growth in every quarterly result.<\/li>\n<li>Stagger entries across quarters and review institutional holding every reporting season.<\/li>\n<\/ol>\n<p style=\"margin-top:24px;\"><em>Download the <a href=\"http:\/\/apps.apple.com\/in\/app\/univest-stocks-investment\/id6443753518\" rel=\"nofollow noopener\" target=\"_blank\">Univest iOS App<\/a> or <a href=\"http:\/\/play.google.com\/store\/apps\/details?id=com.univest.capp&#038;hl=en_IN\" rel=\"nofollow noopener\" target=\"_blank\">Univest Android App<\/a> to track Dixon, SRF and Navin Fluorine live prices.<\/em><\/p>\n<h2><span class=\"ez-toc-section\" id=\"Conclusion\"><\/span><strong>Conclusion<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>Among China plus one stocks, Dixon stands out for the highest return on equity at 30.76%, SRF for the lowest PE of the group at 34.20 and Navin Fluorine for 41.20% revenue growth in FY26. 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 China plus one stocks 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.<\/p>\n<div style=\"background:#CC0000;border-radius:8px;padding:16px 20px;margin:24px 0;\">\n<p style=\"color:#FFFFFF;font-size:13px;line-height:1.7;margin:0;\"><strong style=\"color:#FFFFFF;\">Disclaimer:<\/strong> 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).<\/p>\n<\/p><\/div>\n<h2><span class=\"ez-toc-section\" id=\"Frequently_Asked_Questions_on_China_Plus_One_Stocks_to_Watch\"><\/span><strong>Frequently Asked Questions on China Plus One Stocks to Watch<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<h3><span class=\"ez-toc-section\" id=\"Which_are_the_best_China_plus_one_stocks_to_watch_for_multibagger_potential\"><\/span><strong>Which are the best China plus one stocks to watch for multibagger potential?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><strong>Ans.<\/strong> Dixon, SRF and Navin Fluorine are the 3 names this list highlights, with market caps of Rs 78,360 crore, Rs 73,936 crore and Rs 42,287 crore respectively. Dixon is notable for the highest return on equity at 30.76%. SRF stands out for the lowest PE of the group at 34.20. Navin Fluorine offers 41.20% revenue growth in FY26. These are watchlist names for specialty chemical and electronics makers serving global customers, not recommendations, so match each one to your own risk profile and time horizon.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"Is_Dixon_a_good_stock_for_long-term_investors\"><\/span><strong>Is Dixon a good stock for long-term investors?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><strong>Ans.<\/strong> Dixon has a return on equity of 30.76%, a PE of 37.64 against an industry PE of 45.19 and a market cap of Rs 78,360 crore. Net profit has compounded at 71.44% a year since FY22, and FY26 revenue rose 27.53% while June 2026 quarter net profit grew 156.35%. Long-term returns in China plus one stocks depend on earnings growth and the price paid at entry, so staggering purchases and consulting a SEBI-registered advisor is sensible.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"Can_Navin_Fluorine_become_a_multibagger_from_here\"><\/span><strong>Can Navin Fluorine become a multibagger from here?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><strong>Ans.<\/strong> Navin Fluorine has already gained 111.47% in five years, so another multi-fold move would need sustained earnings growth. A multibagger outcome in China plus one stocks requires earnings to keep growing faster than the market for several years. Net profit has compounded at 26.02% a year since FY22, and FY26 revenue rose 41.20%. At a PE of 53.55 against an industry PE of 36.42, valuation should be checked against that growth before investing.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"What_is_the_market_cap_of_Dixon_SRF_and_Navin_Fluorine\"><\/span><strong>What is the market cap of Dixon, SRF and Navin Fluorine?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><strong>Ans.<\/strong> As of 20 October 2026, Dixon has a market cap of Rs 78,360 crore, SRF has a market cap of Rs 73,936 crore and Navin Fluorine has a market cap of Rs 42,287 crore. Dixon 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 China plus one stocks.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"What_are_the_risks_of_investing_in_China_plus_one_stocks\"><\/span><strong>What are the risks of investing in China plus one stocks?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><strong>Ans.<\/strong> The main risks are global demand swings, trade policy changes, raw material prices and high valuations. Companies with long-term customer contracts handle these better. Navin Fluorine trades at a PE of 53.55 against an industry PE of 36.42, so earnings growth needs to hold up.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"Why_is_Navin_Fluorine_trading_at_a_PE_of_5355\"><\/span><strong>Why is Navin Fluorine trading at a PE of 53.55?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><strong>Ans.<\/strong> Navin Fluorine&#8217;s PE of 53.55 compares with an industry PE of 36.42. The market is paying a premium for a return on equity of 16.69%, profit growth of 26.02% a year since FY22 and latest-quarter profit growth of 107.66%, which also means the stock is more sensitive if growth slows. Investors in China plus one stocks who are comfortable with higher valuation risk may prefer to stagger purchases instead of investing in one go.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"How_much_do_institutions_hold_in_Dixon_SRF_and_Navin_Fluorine\"><\/span><strong>How much do institutions hold in Dixon, SRF and Navin Fluorine?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><strong>Ans.<\/strong> As of the latest reported quarter, FII and DII together hold 47.67% of Dixon (18.96% and 28.71%), 37.89% of SRF (15.45% and 22.44%) and 52.19% of Navin Fluorine (23.73% and 28.46%). Rising institutional holding is a useful signal in China plus one stocks, though it should be read with earnings trends rather than on its own.<\/p>\n<p><script type=\"application\/ld+json\">{\"@context\":\"https:\/\/schema.org\",\"@type\":\"FAQPage\",\"mainEntity\":[{\"@type\":\"Question\",\"name\":\"Which are the best China plus one stocks to watch for multibagger potential?\",\"acceptedAnswer\":{\"@type\":\"Answer\",\"text\":\"Dixon, SRF and Navin Fluorine are the 3 names this list highlights, with market caps of Rs 78,360 crore, Rs 73,936 crore and Rs 42,287 crore respectively. Dixon is notable for the highest return on equity at 30.76%. SRF stands out for the lowest PE of the group at 34.20. Navin Fluorine offers 41.20% revenue growth in FY26. These are watchlist names for specialty chemical and electronics makers serving global customers, not recommendations, so match each one to your own risk profile and time horizon.\"}},{\"@type\":\"Question\",\"name\":\"Is Dixon a good stock for long-term investors?\",\"acceptedAnswer\":{\"@type\":\"Answer\",\"text\":\"Dixon has a return on equity of 30.76%, a PE of 37.64 against an industry PE of 45.19 and a market cap of Rs 78,360 crore. Net profit has compounded at 71.44% a year since FY22, and FY26 revenue rose 27.53% while June 2026 quarter net profit grew 156.35%. Long-term returns in China plus one stocks depend on earnings growth and the price paid at entry, so staggering purchases and consulting a SEBI-registered advisor is sensible.\"}},{\"@type\":\"Question\",\"name\":\"Can Navin Fluorine become a multibagger from here?\",\"acceptedAnswer\":{\"@type\":\"Answer\",\"text\":\"Navin Fluorine has already gained 111.47% in five years, so another multi-fold move would need sustained earnings growth. A multibagger outcome in China plus one stocks requires earnings to keep growing faster than the market for several years. Net profit has compounded at 26.02% a year since FY22, and FY26 revenue rose 41.20%. 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Investors in China plus one stocks who are comfortable with higher valuation risk may prefer to stagger purchases instead of investing in one go.\"}},{\"@type\":\"Question\",\"name\":\"How much do institutions hold in Dixon, SRF and Navin Fluorine?\",\"acceptedAnswer\":{\"@type\":\"Answer\",\"text\":\"As of the latest reported quarter, FII and DII together hold 47.67% of Dixon (18.96% and 28.71%), 37.89% of SRF (15.45% and 22.44%) and 52.19% of Navin Fluorine (23.73% and 28.46%). Rising institutional holding is a useful signal in China plus one stocks, though it should be read with earnings trends rather than on its own.\"}}]}<\/script><\/p>\n","protected":false},"excerpt":{"rendered":"<p>3 top China plus one stocks compared on market cap, PE, ROE, growth and institutional holding: Dixon, SRF and Navin Fluorine.<\/p>\n","protected":false},"author":33,"featured_media":319392,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[845],"tags":[13726,13725],"class_list":["post-319393","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-best-stocks","tag-china-plus-one-sector","tag-china-plus-one-stocks"],"metadata":{"rank_math_internal_links_processed":["1"],"_thumbnail_id":["319392"],"rank_math_title":["Top China Plus One Stocks 2026: Dixon, SRF, Navin Fluorine"],"rank_math_description":["China plus one stocks to watch for multibagger potential: Dixon, SRF and Navin Fluorine. 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