{"id":327251,"date":"2026-10-26T17:17:27","date_gmt":"2026-10-26T11:47:27","guid":{"rendered":"https:\/\/univest.in\/blogs-2\/?p=327251"},"modified":"2026-10-26T17:17:27","modified_gmt":"2026-10-26T11:47:27","slug":"smallcap-government-capex-stocks-to-watch-multibagger-potential","status":"publish","type":"post","link":"https:\/\/univest.in\/blogs-2\/smallcap-government-capex-stocks-to-watch-multibagger-potential\/","title":{"rendered":"4 Smallcap Government Capex Stocks to Watch for Future Multibagger Potential: Kalpataru Projects, Engineers India, RITES and Power Mech"},"content":{"rendered":"

Kalpataru Projects Rs 1,291.60. Engineers India Rs 242.50. RITES Rs 189.40. Power Mech Rs 2,124.70. Market caps from Rs 6,821 crore to Rs 23,718 crore. Data as of 23 Oct 2026.<\/em><\/p>\n

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Quick Answer<\/strong><\/p>\n

Kalpataru Projects, Engineers India, RITES and Power Mech are the 4 picks in this government capex stocks watchlist, with market caps between Rs 6,821 crore and Rs 23,718 crore. Kalpataru Projects stands out for the largest market cap at Rs 23,718 crore, while Engineers India offers the highest return on equity at 21.98%. PE ratios run from 16.22 to 21.02, so compare each one with its industry PE before investing. All figures are as of 23 October 2026.<\/p>\n<\/p><\/div>\n

Government capex stocks to watch for multibagger potential start with a simple filter: size, a clean financial record and earnings that keep growing. Kalpataru Projects, Engineers India, RITES and Power Mech meet that test, with market caps from Rs 6,821 crore to Rs 23,718 crore and Kalpataru Projects offering the largest market cap at Rs 23,718 crore. Each of these companies has a market capitalisation below Rs 30,000 crore and a return on equity of at least 10 per cent and net profit growth in FY26 and in the latest quarter, and net profit rose in FY26 and in the latest quarter.<\/p>\n

This list covers companies with a market capitalisation below Rs 30,000 crore and a return on equity of at least 10 per cent and net profit growth in FY26 and in the latest quarter, 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 government capex stocks usually begin with size and balance sheet strength, and this list follows the same logic. All figures are as of 23 October 2026 and are drawn from NSE and BSE data and company filings.<\/p>\n

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