{"id":324948,"date":"2026-10-23T09:05:57","date_gmt":"2026-10-23T03:35:57","guid":{"rendered":"https:\/\/univest.in\/blogs-2\/?p=324948"},"modified":"2026-10-23T09:05:57","modified_gmt":"2026-10-23T03:35:57","slug":"smallcap-stocks-with-20-30-per-cent-operating-margin-to-watch-multibagger-potential","status":"publish","type":"post","link":"https:\/\/univest.in\/blogs-2\/smallcap-stocks-with-20-30-per-cent-operating-margin-to-watch-multibagger-potential\/","title":{"rendered":"4 Smallcap Stocks With 20-30 Per Cent Operating Margin to Watch for Future Multibagger Potential: Jubilant FoodWorks, Tata Elxsi, Sumitomo Chemical and Anant Raj"},"content":{"rendered":"<p style=\"border-left:4px solid #1F4E79;background:#EBF3FB;padding:10px 16px;font-style:italic;\"><em>Jubilant FoodWorks Rs 404.90. Tata Elxsi Rs 3,846.80. Sumitomo Chemical Rs 370.50. Anant Raj Rs 472. Market caps from Rs 20,103 crore to Rs 27,911 crore. Data as of 21 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;\">Jubilant FoodWorks, Tata Elxsi, Sumitomo Chemical and Anant Raj are the 4 picks in this stocks with 20-30 per cent operating margin watchlist, with market caps between Rs 20,103 crore and Rs 27,911 crore. Jubilant FoodWorks stands out for the largest market cap at Rs 27,911 crore, while Tata Elxsi offers the highest return on equity at 24.73%. PE ratios run from 34.63 to 62.02, so compare each one with its industry PE before investing. All figures are as of 21 October 2026.<\/p>\n<\/p><\/div>\n<p>Stocks with 20-30 per cent operating margin to watch for multibagger potential start with a simple filter: size, a clean financial record and earnings that keep growing. Jubilant FoodWorks, Tata Elxsi, Sumitomo Chemical and Anant Raj meet that test, with market caps from Rs 20,103 crore to Rs 27,911 crore and Jubilant FoodWorks offering the largest market cap at Rs 27,911 crore. Each of these companies has a market capitalisation below Rs 30,000 crore and an FY26 operating margin between 20 and 30 per cent, and net profit rose in FY26 and in the latest quarter.<\/p>\n<p>This list covers companies with a market capitalisation below Rs 30,000 crore and an FY26 operating margin between 20 and 30 per cent, rising profit in FY26 and the latest quarter, and complete, verifiable financials, ranked by market capitalisation. Each company has a market cap below Rs 30,000 crore. Investors screening stocks with 20-30 per cent operating margin usually begin with size and balance sheet strength, and this list follows the same logic. All figures are as of 21 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=stocks-with-per-cent-operating-margin\"><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\/smallcap-stocks-with-20-30-per-cent-operating-margin-to-watch-multibagger-potential\/#What_Are_Stocks_With_20-30_Per_Cent_Operating_Margin_and_Why_Do_They_Attract_Multibagger_Interest\" title=\"What Are Stocks With 20-30 Per Cent Operating Margin and Why Do They Attract Multibagger Interest?\">What Are Stocks With 20-30 Per Cent Operating Margin 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\/smallcap-stocks-with-20-30-per-cent-operating-margin-to-watch-multibagger-potential\/#Stocks_With_20-30_Per_Cent_Operating_Margin_at_a_Glance_Price_Market_Cap_PE_ROE_and_Price_to_Book\" title=\"Stocks With 20-30 Per Cent Operating Margin at a Glance: Price, Market Cap, PE, ROE and Price to Book\">Stocks With 20-30 Per Cent Operating Margin at a Glance: Price, Market Cap, PE, ROE and Price to Book<\/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\/smallcap-stocks-with-20-30-per-cent-operating-margin-to-watch-multibagger-potential\/#Jubilant_FoodWorks_Market_Cap_of_Rs_27911_Crore\" title=\"Jubilant FoodWorks: Market Cap of Rs 27,911 Crore\">Jubilant FoodWorks: Market Cap of Rs 27,911 Crore<\/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\/smallcap-stocks-with-20-30-per-cent-operating-margin-to-watch-multibagger-potential\/#Tata_Elxsi_3309_Profit_CAGR_Since_FY11\" title=\"Tata Elxsi: 33.09% Profit CAGR Since FY11\">Tata Elxsi: 33.09% Profit CAGR Since FY11<\/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\/smallcap-stocks-with-20-30-per-cent-operating-margin-to-watch-multibagger-potential\/#Sumitomo_Chemical_Debt-to-Equity_of_002\" title=\"Sumitomo Chemical: Debt-to-Equity of 0.02\">Sumitomo Chemical: Debt-to-Equity of 0.02<\/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\/smallcap-stocks-with-20-30-per-cent-operating-margin-to-watch-multibagger-potential\/#Anant_Raj_8384_Profit_CAGR_Since_FY22\" title=\"Anant Raj: 83.84% Profit CAGR Since FY22\">Anant Raj: 83.84% 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-7\" href=\"https:\/\/univest.in\/blogs-2\/smallcap-stocks-with-20-30-per-cent-operating-margin-to-watch-multibagger-potential\/#Stocks_With_20-30_Per_Cent_Operating_Margin_Financial_Comparison_on_Growth_and_Margins\" title=\"Stocks With 20-30 Per Cent Operating Margin: Financial Comparison on Growth and Margins\">Stocks With 20-30 Per Cent Operating Margin: 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-8\" href=\"https:\/\/univest.in\/blogs-2\/smallcap-stocks-with-20-30-per-cent-operating-margin-to-watch-multibagger-potential\/#Institutional_Holding_in_Jubilant_FoodWorks_Tata_Elxsi_Sumitomo_Chemical_and_Anant_Raj\" title=\"Institutional Holding in Jubilant FoodWorks, Tata Elxsi, Sumitomo Chemical and Anant Raj\">Institutional Holding in Jubilant FoodWorks, Tata Elxsi, Sumitomo Chemical and Anant Raj<\/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\/smallcap-stocks-with-20-30-per-cent-operating-margin-to-watch-multibagger-potential\/#Risks_to_Weigh_in_Stocks_With_20-30_Per_Cent_Operating_Margin\" title=\"Risks to Weigh in Stocks With 20-30 Per Cent Operating Margin\">Risks to Weigh in Stocks With 20-30 Per Cent Operating Margin<\/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\/smallcap-stocks-with-20-30-per-cent-operating-margin-to-watch-multibagger-potential\/#How_to_Choose_Between_Stocks_With_20-30_Per_Cent_Operating_Margin\" title=\"How to Choose Between Stocks With 20-30 Per Cent Operating Margin\">How to Choose Between Stocks With 20-30 Per Cent Operating Margin<\/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\/smallcap-stocks-with-20-30-per-cent-operating-margin-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-12\" href=\"https:\/\/univest.in\/blogs-2\/smallcap-stocks-with-20-30-per-cent-operating-margin-to-watch-multibagger-potential\/#Frequently_Asked_Questions_on_Stocks_With_20-30_Per_Cent_Operating_Margin_to_Watch\" title=\"Frequently Asked Questions on Stocks With 20-30 Per Cent Operating Margin to Watch\">Frequently Asked Questions on Stocks With 20-30 Per Cent Operating Margin 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-13\" href=\"https:\/\/univest.in\/blogs-2\/smallcap-stocks-with-20-30-per-cent-operating-margin-to-watch-multibagger-potential\/#Which_are_the_best_stocks_with_20-30_per_cent_operating_margin_to_watch_for_multibagger_potential\" title=\"Which are the best stocks with 20-30 per cent operating margin to watch for multibagger potential?\">Which are the best stocks with 20-30 per cent operating margin 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-14\" href=\"https:\/\/univest.in\/blogs-2\/smallcap-stocks-with-20-30-per-cent-operating-margin-to-watch-multibagger-potential\/#Is_Tata_Elxsi_a_good_stock_for_long-term_investors\" title=\"Is Tata Elxsi a good stock for long-term investors?\">Is Tata Elxsi 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-15\" href=\"https:\/\/univest.in\/blogs-2\/smallcap-stocks-with-20-30-per-cent-operating-margin-to-watch-multibagger-potential\/#Can_Anant_Raj_become_a_multibagger_from_here\" title=\"Can Anant Raj become a multibagger from here?\">Can Anant Raj 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-16\" href=\"https:\/\/univest.in\/blogs-2\/smallcap-stocks-with-20-30-per-cent-operating-margin-to-watch-multibagger-potential\/#What_is_the_market_cap_of_Jubilant_FoodWorks_Tata_Elxsi_Sumitomo_Chemical_and_Anant_Raj\" title=\"What is the market cap of Jubilant FoodWorks, Tata Elxsi, Sumitomo Chemical and Anant Raj?\">What is the market cap of Jubilant FoodWorks, Tata Elxsi, Sumitomo Chemical and Anant Raj?<\/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\/smallcap-stocks-with-20-30-per-cent-operating-margin-to-watch-multibagger-potential\/#What_are_the_risks_of_investing_in_stocks_with_20-30_per_cent_operating_margin\" title=\"What are the risks of investing in stocks with 20-30 per cent operating margin?\">What are the risks of investing in stocks with 20-30 per cent operating margin?<\/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\/smallcap-stocks-with-20-30-per-cent-operating-margin-to-watch-multibagger-potential\/#Why_is_Tata_Elxsi_trading_at_a_PE_of_3575\" title=\"Why is Tata Elxsi trading at a PE of 35.75?\">Why is Tata Elxsi trading at a PE of 35.75?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-19\" href=\"https:\/\/univest.in\/blogs-2\/smallcap-stocks-with-20-30-per-cent-operating-margin-to-watch-multibagger-potential\/#How_much_do_institutions_hold_in_Jubilant_FoodWorks_Tata_Elxsi_Sumitomo_Chemical_and_Anant_Raj\" title=\"How much do institutions hold in Jubilant FoodWorks, Tata Elxsi, Sumitomo Chemical and Anant Raj?\">How much do institutions hold in Jubilant FoodWorks, Tata Elxsi, Sumitomo Chemical and Anant Raj?<\/a><\/li><\/ul><\/li><\/ul><\/nav><\/div>\n<h2><span class=\"ez-toc-section\" id=\"What_Are_Stocks_With_20-30_Per_Cent_Operating_Margin_and_Why_Do_They_Attract_Multibagger_Interest\"><\/span><strong>What Are Stocks With 20-30 Per Cent Operating Margin and Why Do They Attract Multibagger Interest?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>Stocks with 20-30 per cent operating margin are shares of smaller companies that keep a fifth to nearly a third of each sale as operating profit. The four here cover restaurants, design engineering, agrochemicals and real estate.<\/p>\n<p>High margins in a small company point to pricing power or a niche position. For stocks with 20-30 per cent operating margin, rising profit shows it holding up. With stocks with 20-30 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 20-30 per cent operating margin are complete. Read each company&#8217;s latest results and exchange filings before acting on stocks with 20-30 per cent operating margin.<\/p>\n<h2><span class=\"ez-toc-section\" id=\"Stocks_With_20-30_Per_Cent_Operating_Margin_at_a_Glance_Price_Market_Cap_PE_ROE_and_Price_to_Book\"><\/span><strong>Stocks With 20-30 Per Cent Operating Margin at a Glance: Price, Market Cap, PE, ROE and Price to Book<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>Prices are closing prices as of 21 October 2026. Anant Raj has the lowest PE of the group at 34.63, while Tata Elxsi posts the highest return on equity at 24.73%.<\/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;\">Price to Book<\/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\/jublfood\/jubilant-foodworks-ltd-share-price-today\">Jubilant FoodWorks<\/a><\/td>\n<td style=\"border:1px solid #BBBBBB;padding:8px;\">404.90<\/td>\n<td style=\"border:1px solid #BBBBBB;padding:8px;\">27,911<\/td>\n<td style=\"border:1px solid #BBBBBB;padding:8px;\">62.02<\/td>\n<td style=\"border:1px solid #BBBBBB;padding:8px;\">59.28<\/td>\n<td style=\"border:1px solid #BBBBBB;padding:8px;\">18.69%<\/td>\n<td style=\"border:1px solid #BBBBBB;padding:8px;\">12.18<\/td>\n<td style=\"border:1px solid #BBBBBB;padding:8px;\">404.90 to 622.95<\/td>\n<\/tr>\n<tr>\n<td style=\"border:1px solid #BBBBBB;padding:8px;\"><a href=\"https:\/\/univest.in\/stocks\/tataelxsi\/tata-elxsi-ltd-share-price-today\">Tata Elxsi<\/a><\/td>\n<td style=\"border:1px solid #BBBBBB;padding:8px;\">3,846.80<\/td>\n<td style=\"border:1px solid #BBBBBB;padding:8px;\">23,957<\/td>\n<td style=\"border:1px solid #BBBBBB;padding:8px;\">35.75<\/td>\n<td style=\"border:1px solid #BBBBBB;padding:8px;\">20.69<\/td>\n<td style=\"border:1px solid #BBBBBB;padding:8px;\">24.73%<\/td>\n<td style=\"border:1px solid #BBBBBB;padding:8px;\">8.22<\/td>\n<td style=\"border:1px solid #BBBBBB;padding:8px;\">2,996.00 to 5,950.00<\/td>\n<\/tr>\n<tr>\n<td style=\"border:1px solid #BBBBBB;padding:8px;\"><a href=\"https:\/\/univest.in\/stocks\/sumichem\/sumitomo-chemical-india-ltd-share-price-today\">Sumitomo Chemical India<\/a><\/td>\n<td style=\"border:1px solid #BBBBBB;padding:8px;\">370.50<\/td>\n<td style=\"border:1px solid #BBBBBB;padding:8px;\">20,153<\/td>\n<td style=\"border:1px solid #BBBBBB;padding:8px;\">34.78<\/td>\n<td style=\"border:1px solid #BBBBBB;padding:8px;\">23.42<\/td>\n<td style=\"border:1px solid #BBBBBB;padding:8px;\">16.02%<\/td>\n<td style=\"border:1px solid #BBBBBB;padding:8px;\">5.95<\/td>\n<td style=\"border:1px solid #BBBBBB;padding:8px;\">362.60 to 572.05<\/td>\n<\/tr>\n<tr>\n<td style=\"border:1px solid #BBBBBB;padding:8px;\"><a href=\"https:\/\/univest.in\/stocks\/anantraj\/anant-raj-ltd-share-price-today\">Anant Raj<\/a><\/td>\n<td style=\"border:1px solid #BBBBBB;padding:8px;\">472<\/td>\n<td style=\"border:1px solid #BBBBBB;padding:8px;\">20,103<\/td>\n<td style=\"border:1px solid #BBBBBB;padding:8px;\">34.63<\/td>\n<td style=\"border:1px solid #BBBBBB;padding:8px;\">32.13<\/td>\n<td style=\"border:1px solid #BBBBBB;padding:8px;\">9.59%<\/td>\n<td style=\"border:1px solid #BBBBBB;padding:8px;\">3.48<\/td>\n<td style=\"border:1px solid #BBBBBB;padding:8px;\">403.00 to 700.00<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<h2><span class=\"ez-toc-section\" id=\"Jubilant_FoodWorks_Market_Cap_of_Rs_27911_Crore\"><\/span><strong>Jubilant FoodWorks: Market Cap of Rs 27,911 Crore<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>Jubilant FoodWorks runs Domino&#8217;s Pizza and Dunkin&#8217; stores in India and also operates Popeyes and Hong&#8217;s Kitchen. It reported FY26 revenue of Rs 9,586.64 crore, up 17.22% year on year, and net profit of Rs 386.03 crore, up 54.37%. Revenue has compounded at 21.24% a year since FY22. Operating margin was 20.96% in FY26.<\/p>\n<p>In the June 2026 quarter, revenue rose 13.55% to Rs 2,588.34 crore and net profit grew 6.03% to Rs 100.03 crore. Domestic institutions raised their holding from 33.25% in September 2025 to 40.34% in September 2026. The stock trades at a PE of 62.02 against an industry PE of 59.28, with a return on equity of 18.69%.<\/p>\n<h2><span class=\"ez-toc-section\" id=\"Tata_Elxsi_3309_Profit_CAGR_Since_FY11\"><\/span><strong>Tata Elxsi: 33.09% Profit CAGR Since FY11<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>Tata Elxsi provides design and technology services to the automotive, media, communications and healthcare industries. It reported FY15 revenue of Rs 852.75 crore, up 8.31% year on year, and net profit of Rs 102.02 crore, up 41.18%. Net profit has compounded at 33.09% a year since FY11, while revenue has grown 19.39% a year. Operating margin was 21.35% in FY15. The debt-to-equity ratio is 0.05, which keeps interest costs low.<\/p>\n<p>The stock trades at a PE of 35.75 against an industry PE of 20.69, with a return on equity of 24.73%. The dividend yield is 1.95%. In the March 2015 quarter, revenue rose 8.97% to Rs 230.77 crore and net profit grew 36.52% to Rs 29.83 crore.<\/p>\n<h2><span class=\"ez-toc-section\" id=\"Sumitomo_Chemical_Debt-to-Equity_of_002\"><\/span><strong>Sumitomo Chemical: Debt-to-Equity of 0.02<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>Sumitomo Chemical India sells crop protection, household insecticides and crop nutrition products, backed by its Japanese parent. It reported FY26 revenue of Rs 3,385.04 crore, up 3.56% year on year, and net profit of Rs 542.98 crore, up 7.22%. Net profit has compounded at 6.41% a year since FY22, while revenue has grown 2.32% a year. Operating margin was 24.77% in FY26. The debt-to-equity ratio is 0.02, which keeps interest costs low.<\/p>\n<p>In the June 2026 quarter, revenue rose 1.37% to Rs 1,110.63 crore and net profit grew 20.44% to Rs 214.51 crore. Domestic institutions raised their holding from 8.47% in September 2025 to 9.69% in September 2026. The stock trades at a PE of 34.78 against an industry PE of 23.42, with a return on equity of 16.02%.<\/p>\n<h2><span class=\"ez-toc-section\" id=\"Anant_Raj_8384_Profit_CAGR_Since_FY22\"><\/span><strong>Anant Raj: 83.84% Profit CAGR Since FY22<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>Anant Raj develops residential and commercial real estate in the Delhi NCR region and has built a data centre business. It reported FY26 revenue of Rs 2,579.08 crore, up 22.80% year on year, and net profit of Rs 553.66 crore, up 31.34%. Net profit has compounded at 83.84% a year since FY22, while revenue has grown 50.61% a year. Operating margin was 28.79% in FY26. The debt-to-equity ratio is 0.12, which keeps interest costs low.<\/p>\n<p>The stock trades at a PE of 34.63 against an industry PE of 32.13. In the June 2026 quarter, revenue rose 8.03% to Rs 650.75 crore and net profit grew 17.23% to Rs 146.13 crore. The share price has gained 611.84% over five years. Promoters hold 57.42%, which keeps ownership stable.<\/p>\n<h2><span class=\"ez-toc-section\" id=\"Stocks_With_20-30_Per_Cent_Operating_Margin_Financial_Comparison_on_Growth_and_Margins\"><\/span><strong>Stocks With 20-30 Per Cent Operating Margin: 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 stocks with 20-30 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.<\/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;\">Jubilant FoodWorks<\/td>\n<td style=\"border:1px solid #BBBBBB;padding:8px;\">9,586.64<\/td>\n<td style=\"border:1px solid #BBBBBB;padding:8px;\">386.03<\/td>\n<td style=\"border:1px solid #BBBBBB;padding:8px;\">17.22%<\/td>\n<td style=\"border:1px solid #BBBBBB;padding:8px;\">21.24%<\/td>\n<td style=\"border:1px solid #BBBBBB;padding:8px;\">13.55%<\/td>\n<td style=\"border:1px solid #BBBBBB;padding:8px;\">20.37%<\/td>\n<\/tr>\n<tr>\n<td style=\"border:1px solid #BBBBBB;padding:8px;\">Tata Elxsi<\/td>\n<td style=\"border:1px solid #BBBBBB;padding:8px;\">852.75<\/td>\n<td style=\"border:1px solid #BBBBBB;padding:8px;\">102.02<\/td>\n<td style=\"border:1px solid #BBBBBB;padding:8px;\">8.31%<\/td>\n<td style=\"border:1px solid #BBBBBB;padding:8px;\">19.39%<\/td>\n<td style=\"border:1px solid #BBBBBB;padding:8px;\">8.97%<\/td>\n<td style=\"border:1px solid #BBBBBB;padding:8px;\">20.27%<\/td>\n<\/tr>\n<tr>\n<td style=\"border:1px solid #BBBBBB;padding:8px;\">Sumitomo Chemical<\/td>\n<td style=\"border:1px solid #BBBBBB;padding:8px;\">3,385.04<\/td>\n<td style=\"border:1px solid #BBBBBB;padding:8px;\">542.98<\/td>\n<td style=\"border:1px solid #BBBBBB;padding:8px;\">3.56%<\/td>\n<td style=\"border:1px solid #BBBBBB;padding:8px;\">2.32%<\/td>\n<td style=\"border:1px solid #BBBBBB;padding:8px;\">1.37%<\/td>\n<td style=\"border:1px solid #BBBBBB;padding:8px;\">28.92%<\/td>\n<\/tr>\n<tr>\n<td style=\"border:1px solid #BBBBBB;padding:8px;\">Anant Raj<\/td>\n<td style=\"border:1px solid #BBBBBB;padding:8px;\">2,579.08<\/td>\n<td style=\"border:1px solid #BBBBBB;padding:8px;\">553.66<\/td>\n<td style=\"border:1px solid #BBBBBB;padding:8px;\">22.80%<\/td>\n<td style=\"border:1px solid #BBBBBB;padding:8px;\">50.61%<\/td>\n<td style=\"border:1px solid #BBBBBB;padding:8px;\">8.03%<\/td>\n<td style=\"border:1px solid #BBBBBB;padding:8px;\">32.11%<\/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 stocks with 20-30 per cent operating margin<\/strong><\/a><\/p>\n<h2><span class=\"ez-toc-section\" id=\"Institutional_Holding_in_Jubilant_FoodWorks_Tata_Elxsi_Sumitomo_Chemical_and_Anant_Raj\"><\/span><strong>Institutional Holding in Jubilant FoodWorks, Tata Elxsi, Sumitomo Chemical and Anant Raj<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>Institutional holding shows who is backing these stocks with 20-30 per cent operating margin alongside the promoter. The table uses the latest reported quarter for each. Jubilant FoodWorks has the deepest institutional backing, with FII and DII together holding 53.63% as of September 2026. Domestic institutions increased their holding over the past year in Jubilant FoodWorks (from 33.25% to 40.34%) and Sumitomo Chemical (from 8.47% to 9.69%).<\/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;\">Jubilant FoodWorks<\/td>\n<td style=\"border:1px solid #BBBBBB;padding:8px;\">40.27%<\/td>\n<td style=\"border:1px solid #BBBBBB;padding:8px;\">13.29%<\/td>\n<td style=\"border:1px solid #BBBBBB;padding:8px;\">40.34%<\/td>\n<td style=\"border:1px solid #BBBBBB;padding:8px;\">6.10%<\/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;\">Tata Elxsi<\/td>\n<td style=\"border:1px solid #BBBBBB;padding:8px;\">43.89%<\/td>\n<td style=\"border:1px solid #BBBBBB;padding:8px;\">8.00%<\/td>\n<td style=\"border:1px solid #BBBBBB;padding:8px;\">9.98%<\/td>\n<td style=\"border:1px solid #BBBBBB;padding:8px;\">38.13%<\/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;\">Sumitomo Chemical<\/td>\n<td style=\"border:1px solid #BBBBBB;padding:8px;\">75.00%<\/td>\n<td style=\"border:1px solid #BBBBBB;padding:8px;\">2.89%<\/td>\n<td style=\"border:1px solid #BBBBBB;padding:8px;\">9.69%<\/td>\n<td style=\"border:1px solid #BBBBBB;padding:8px;\">12.42%<\/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;\">Anant Raj<\/td>\n<td style=\"border:1px solid #BBBBBB;padding:8px;\">57.42%<\/td>\n<td style=\"border:1px solid #BBBBBB;padding:8px;\">10.74%<\/td>\n<td style=\"border:1px solid #BBBBBB;padding:8px;\">4.61%<\/td>\n<td style=\"border:1px solid #BBBBBB;padding:8px;\">27.22%<\/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_Stocks_With_20-30_Per_Cent_Operating_Margin\"><\/span><strong>Risks to Weigh in Stocks With 20-30 Per Cent Operating Margin<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>Being careful with stocks with 20-30 per cent operating margin 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>Past growth may not repeat.<\/li>\n<li>Share prices can move sharply in either direction.<\/li>\n<li><strong>Valuation:<\/strong> Tata Elxsi trades at a PE of 35.75 against an industry PE of 20.69, so earnings need to keep growing to support the price.<\/li>\n<li><strong>Concentration:<\/strong> Holding all 4 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_Stocks_With_20-30_Per_Cent_Operating_Margin\"><\/span><strong>How to Choose Between Stocks With 20-30 Per Cent Operating Margin<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>Picking from stocks with 20-30 per cent operating margin 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 (20.69 to 59.28) and ask whether the growth rate justifies any gap.<\/li>\n<li>Track net profit growth, the operating margin and the return on equity 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 Jubilant FoodWorks, Tata Elxsi, Sumitomo Chemical and Anant Raj 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 stocks with 20-30 per cent operating margin, Jubilant FoodWorks stands out for the largest market cap at Rs 27,911 crore, Tata Elxsi for the highest return on equity at 24.73%, Sumitomo Chemical for a nearly debt-free balance sheet, with a debt-to-equity ratio of 0.02 and Anant Raj for the fastest profit growth, 83.84% a year since FY22. 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 20-30 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.<\/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_Stocks_With_20-30_Per_Cent_Operating_Margin_to_Watch\"><\/span><strong>Frequently Asked Questions on Stocks With 20-30 Per Cent Operating Margin to Watch<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<h3><span class=\"ez-toc-section\" id=\"Which_are_the_best_stocks_with_20-30_per_cent_operating_margin_to_watch_for_multibagger_potential\"><\/span><strong>Which are the best stocks with 20-30 per cent operating margin to watch for multibagger potential?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><strong>Ans.<\/strong> Jubilant FoodWorks, Tata Elxsi, Sumitomo Chemical and Anant Raj are the 4 names this list highlights, with market caps of Rs 27,911 crore, Rs 23,957 crore, Rs 20,153 crore and Rs 20,103 crore respectively. Jubilant FoodWorks is notable for the largest market cap at Rs 27,911 crore. Tata Elxsi stands out for the highest return on equity at 24.73%. Sumitomo Chemical offers a nearly debt-free balance sheet, with a debt-to-equity ratio of 0.02. Anant Raj brings the fastest profit growth, 83.84% a year since FY22. These are watchlist names for stocks with 20-30 per cent operating margin, not recommendations, so match each one to your own risk profile and time horizon.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"Is_Tata_Elxsi_a_good_stock_for_long-term_investors\"><\/span><strong>Is Tata Elxsi a good stock for long-term investors?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><strong>Ans.<\/strong> Tata Elxsi has a return on equity of 24.73%, a PE of 35.75 against an industry PE of 20.69 and a market cap of Rs 23,957 crore. Net profit has compounded at 33.09% a year since FY11, and FY15 revenue rose 8.31% while March 2015 quarter net profit grew 36.52%. Long-term returns in stocks with 20-30 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.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"Can_Anant_Raj_become_a_multibagger_from_here\"><\/span><strong>Can Anant Raj become a multibagger from here?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><strong>Ans.<\/strong> Anant Raj has already gained 611.84% in five years, so another multi-fold move would need sustained earnings growth. A multibagger outcome in stocks with 20-30 per cent operating margin requires earnings to keep growing faster than the market for several years. Net profit has compounded at 83.84% a year since FY22, and FY26 revenue rose 22.80%. At a PE of 34.63 against an industry PE of 32.13, valuation should be checked against that growth before investing.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"What_is_the_market_cap_of_Jubilant_FoodWorks_Tata_Elxsi_Sumitomo_Chemical_and_Anant_Raj\"><\/span><strong>What is the market cap of Jubilant FoodWorks, Tata Elxsi, Sumitomo Chemical and Anant Raj?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><strong>Ans.<\/strong> As of 21 October 2026, Jubilant FoodWorks has a market cap of Rs 27,911 crore, Tata Elxsi has a market cap of Rs 23,957 crore, Sumitomo Chemical has a market cap of Rs 20,153 crore and Anant Raj has a market cap of Rs 20,103 crore. All of them qualify as smallcaps. 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 20-30 per cent operating margin.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"What_are_the_risks_of_investing_in_stocks_with_20-30_per_cent_operating_margin\"><\/span><strong>What are the risks of investing in stocks with 20-30 per cent operating margin?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><strong>Ans.<\/strong> 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. Tata Elxsi trades at a PE of 35.75 against an industry PE of 20.69, so earnings growth needs to hold up.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"Why_is_Tata_Elxsi_trading_at_a_PE_of_3575\"><\/span><strong>Why is Tata Elxsi trading at a PE of 35.75?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><strong>Ans.<\/strong> Tata Elxsi&#8217;s PE of 35.75 compares with an industry PE of 20.69. The market is paying a premium for a return on equity of 24.73%, profit growth of 33.09% a year since FY11 and latest-quarter profit growth of 36.52%, which also means the stock is more sensitive if growth slows. Investors in stocks with 20-30 per cent operating margin 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_Jubilant_FoodWorks_Tata_Elxsi_Sumitomo_Chemical_and_Anant_Raj\"><\/span><strong>How much do institutions hold in Jubilant FoodWorks, Tata Elxsi, Sumitomo Chemical and Anant Raj?<\/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 53.63% of Jubilant FoodWorks (13.29% and 40.34%), 17.98% of Tata Elxsi (8.00% and 9.98%), 12.58% of Sumitomo Chemical (2.89% and 9.69%) and 15.35% of Anant Raj (10.74% and 4.61%). Rising institutional holding is a useful signal in stocks with 20-30 per cent operating margin, 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 stocks with 20-30 per cent operating margin to watch for multibagger potential?\",\"acceptedAnswer\":{\"@type\":\"Answer\",\"text\":\"Jubilant FoodWorks, Tata Elxsi, Sumitomo Chemical and Anant Raj are the 4 names this list highlights, with market caps of Rs 27,911 crore, Rs 23,957 crore, Rs 20,153 crore and Rs 20,103 crore respectively. Jubilant FoodWorks is notable for the largest market cap at Rs 27,911 crore. Tata Elxsi stands out for the highest return on equity at 24.73%. Sumitomo Chemical offers a nearly debt-free balance sheet, with a debt-to-equity ratio of 0.02. Anant Raj brings the fastest profit growth, 83.84% a year since FY22. 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Rising institutional holding is a useful signal in stocks with 20-30 per cent operating margin, though it should be read with earnings trends rather than on its own.\"}}]}<\/script><\/p>\n","protected":false},"excerpt":{"rendered":"<p>4 smallcap stocks with 20-30 per cent operating margin compared on market cap, PE, ROE, growth and institutional holding: Jubilant FoodWorks, Tata Elxsi, Sumitomo Chemical and Anant Raj.<\/p>\n","protected":false},"author":33,"featured_media":324947,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[845],"tags":[15005,15006],"class_list":["post-324948","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-best-stocks","tag-stocks-with-20-30-per-cent-operating-margin","tag-stocks-with-20-30-per-cent-operating-margin-sector"],"metadata":{"rank_math_internal_links_processed":["1"],"_thumbnail_id":["324947"],"rank_math_title":["Stocks With 20-30 Per Cent Operating Margin to Watch in 2026"],"rank_math_description":["Stocks with 20-30 per cent operating margin for multibagger potential: Jubilant FoodWorks, Tata Elxsi, Sumitomo Chemical and Anant Raj. 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