{"id":331434,"date":"2026-10-29T11:35:23","date_gmt":"2026-10-29T06:05:23","guid":{"rendered":"https:\/\/univest.in\/blogs-2\/?p=331434"},"modified":"2026-10-29T11:35:23","modified_gmt":"2026-10-29T06:05:23","slug":"largecap-government-owned-stocks-to-watch-multibagger-potential","status":"publish","type":"post","link":"https:\/\/univest.in\/blogs-2\/largecap-government-owned-stocks-to-watch-multibagger-potential\/","title":{"rendered":"4 Largecap Government Owned Stocks to Watch for Future Multibagger Potential: SBI, HAL, BHEL and Union Bank"},"content":{"rendered":"<p style=\"border-left:4px solid #1F4E79;background:#EBF3FB;padding:10px 16px;font-style:italic;\"><em>SBI Rs 956.80. HAL Rs 4,850. BHEL Rs 405.30. Union Bank Rs 182.98. Market caps from Rs 1.32 lakh crore to Rs 8.69 lakh crore. Data as of 28 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;\">SBI, HAL, BHEL and Union Bank are the 4 picks in this government owned stocks watchlist, with market caps between Rs 1.32 lakh crore and Rs 8.69 lakh crore. SBI stands out for the largest market cap at Rs 8,68,768 crore, while HAL offers the highest return on equity at 22.21%. PE ratios run from 6.39 to 53.40, so compare each one with its industry PE before investing. All figures are as of 28 October 2026.<\/p>\n<\/p><\/div>\n<p>Government owned stocks to watch for multibagger potential start with a simple filter: size, a clean financial record and earnings that keep growing. SBI, HAL, BHEL and Union Bank meet that test, with market caps from Rs 1.32 lakh crore to Rs 8.69 lakh crore and SBI offering the largest market cap at Rs 8,68,768 crore. Each of these companies has the President of India named as a promoter shareholder, a return on equity of at least 10 per cent and profit growth in FY26 and in the latest quarter, and net profit rose in FY26 and in the latest quarter.<\/p>\n<p>This list covers companies with the President of India named as a promoter shareholder, a return on equity of at least 10 per cent and profit growth in FY26 and in the latest quarter, rising profit in FY26 and the latest quarter, market capitalisation above Rs 1,00,000 crore, and complete, verifiable financials, ranked by market capitalisation. Each company has a market cap above Rs 1 lakh crore. Investors screening government owned stocks usually begin with size and balance sheet strength, and this list follows the same logic. All figures are as of 28 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=government-owned-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\/largecap-government-owned-stocks-to-watch-multibagger-potential\/#What_Are_Government_Owned_Stocks_and_Why_Do_They_Attract_Multibagger_Interest\" title=\"What Are Government Owned Stocks and Why Do They Attract Multibagger Interest?\">What Are Government Owned 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\/largecap-government-owned-stocks-to-watch-multibagger-potential\/#Government_Owned_Stocks_at_a_Glance_Price_Market_Cap_PE_ROE_and_Price_to_Book\" title=\"Government Owned Stocks at a Glance: Price, Market Cap, PE, ROE and Price to Book\">Government Owned Stocks 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\/largecap-government-owned-stocks-to-watch-multibagger-potential\/#SBI_2372_Profit_CAGR_Since_FY22\" title=\"SBI: 23.72% Profit CAGR Since FY22\">SBI: 23.72% 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\/largecap-government-owned-stocks-to-watch-multibagger-potential\/#HAL_Return_on_Equity_of_2221\" title=\"HAL: Return on Equity of 22.21%\">HAL: Return on Equity of 22.21%<\/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\/largecap-government-owned-stocks-to-watch-multibagger-potential\/#BHEL_3773_Profit_CAGR_Since_FY22\" title=\"BHEL: 37.73% Profit CAGR Since FY22\">BHEL: 37.73% 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\/largecap-government-owned-stocks-to-watch-multibagger-potential\/#Union_Bank_3780_Profit_CAGR_Since_FY22\" title=\"Union Bank: 37.80% Profit CAGR Since FY22\">Union Bank: 37.80% 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\/largecap-government-owned-stocks-to-watch-multibagger-potential\/#Government_Owned_Stocks_Financial_Comparison_on_Growth_and_Margins\" title=\"Government Owned Stocks: Financial Comparison on Growth and Margins\">Government Owned 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-8\" href=\"https:\/\/univest.in\/blogs-2\/largecap-government-owned-stocks-to-watch-multibagger-potential\/#Institutional_Holding_in_SBI_HAL_BHEL_and_Union_Bank\" title=\"Institutional Holding in SBI, HAL, BHEL and Union Bank\">Institutional Holding in SBI, HAL, BHEL and Union Bank<\/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\/largecap-government-owned-stocks-to-watch-multibagger-potential\/#Risks_to_Weigh_in_Government_Owned_Stocks\" title=\"Risks to Weigh in Government Owned Stocks\">Risks to Weigh in Government Owned 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\/largecap-government-owned-stocks-to-watch-multibagger-potential\/#How_to_Choose_Between_Government_Owned_Stocks\" title=\"How to Choose Between Government Owned Stocks\">How to Choose Between Government Owned Stocks<\/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\/largecap-government-owned-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-12\" href=\"https:\/\/univest.in\/blogs-2\/largecap-government-owned-stocks-to-watch-multibagger-potential\/#Frequently_Asked_Questions_on_Government_Owned_Stocks_to_Watch\" title=\"Frequently Asked Questions on Government Owned Stocks to Watch\">Frequently Asked Questions on Government Owned 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-13\" href=\"https:\/\/univest.in\/blogs-2\/largecap-government-owned-stocks-to-watch-multibagger-potential\/#Which_are_the_best_government_owned_stocks_to_watch_for_multibagger_potential\" title=\"Which are the best government owned stocks to watch for multibagger potential?\">Which are the best government owned 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-14\" href=\"https:\/\/univest.in\/blogs-2\/largecap-government-owned-stocks-to-watch-multibagger-potential\/#Is_HAL_a_good_stock_for_long-term_investors\" title=\"Is HAL a good stock for long-term investors?\">Is HAL 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\/largecap-government-owned-stocks-to-watch-multibagger-potential\/#Can_Union_Bank_become_a_multibagger_from_here\" title=\"Can Union Bank become a multibagger from here?\">Can Union Bank 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\/largecap-government-owned-stocks-to-watch-multibagger-potential\/#What_is_the_market_cap_of_SBI_HAL_BHEL_and_Union_Bank\" title=\"What is the market cap of SBI, HAL, BHEL and Union Bank?\">What is the market cap of SBI, HAL, BHEL and Union Bank?<\/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\/largecap-government-owned-stocks-to-watch-multibagger-potential\/#What_are_the_risks_of_investing_in_government_owned_stocks\" title=\"What are the risks of investing in government owned stocks?\">What are the risks of investing in government owned stocks?<\/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\/largecap-government-owned-stocks-to-watch-multibagger-potential\/#Is_Union_Bank_trading_below_its_industry_PE\" title=\"Is Union Bank trading below its industry PE?\">Is Union Bank trading below its industry PE?<\/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\/largecap-government-owned-stocks-to-watch-multibagger-potential\/#How_much_do_institutions_hold_in_SBI_HAL_BHEL_and_Union_Bank\" title=\"How much do institutions hold in SBI, HAL, BHEL and Union Bank?\">How much do institutions hold in SBI, HAL, BHEL and Union Bank?<\/a><\/li><\/ul><\/li><\/ul><\/nav><\/div>\n<h2><span class=\"ez-toc-section\" id=\"What_Are_Government_Owned_Stocks_and_Why_Do_They_Attract_Multibagger_Interest\"><\/span><strong>What Are Government Owned Stocks and Why Do They Attract Multibagger Interest?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>Government owned stocks are shares of public sector large companies in which the Government of India, through the President of India, is a named promoter shareholder. The four here cover public sector banking, defence aerospace and heavy electricals.<\/p>\n<p>Government ownership brings scale, long standing contracts and a strong balance sheet, and improving profit shows these companies are running efficiently. For government owned stocks, both FY26 and the latest quarter showed growth. A sensible way to study government owned stocks is to look at profit growth, returns and valuation side by side. Below, each of government owned stocks gets its own breakdown of growth, returns and valuation. Treat government owned stocks as a research list, since share prices and rankings change with every earnings season.<\/p>\n<h2><span class=\"ez-toc-section\" id=\"Government_Owned_Stocks_at_a_Glance_Price_Market_Cap_PE_ROE_and_Price_to_Book\"><\/span><strong>Government Owned Stocks 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 28 October 2026. Union Bank has the lowest PE of the group at 6.39, while HAL posts the highest return on equity at 22.21%.<\/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\/sbin\/state-bank-of-india-share-price-today\">State Bank of India<\/a><\/td>\n<td style=\"border:1px solid #BBBBBB;padding:8px;\">956.80<\/td>\n<td style=\"border:1px solid #BBBBBB;padding:8px;\">8,68,768<\/td>\n<td style=\"border:1px solid #BBBBBB;padding:8px;\">9.69<\/td>\n<td style=\"border:1px solid #BBBBBB;padding:8px;\">12.05<\/td>\n<td style=\"border:1px solid #BBBBBB;padding:8px;\">14.29%<\/td>\n<td style=\"border:1px solid #BBBBBB;padding:8px;\">1.48<\/td>\n<td style=\"border:1px solid #BBBBBB;padding:8px;\">877.05 to 1,234.70<\/td>\n<\/tr>\n<tr>\n<td style=\"border:1px solid #BBBBBB;padding:8px;\"><a href=\"https:\/\/univest.in\/stocks\/hal\/hindustan-aeronautics-ltd-share-price-today\">Hindustan Aeronautics<\/a><\/td>\n<td style=\"border:1px solid #BBBBBB;padding:8px;\">4,850<\/td>\n<td style=\"border:1px solid #BBBBBB;padding:8px;\">3,31,342<\/td>\n<td style=\"border:1px solid #BBBBBB;padding:8px;\">35.55<\/td>\n<td style=\"border:1px solid #BBBBBB;padding:8px;\">48.59<\/td>\n<td style=\"border:1px solid #BBBBBB;padding:8px;\">22.21%<\/td>\n<td style=\"border:1px solid #BBBBBB;padding:8px;\">8.08<\/td>\n<td style=\"border:1px solid #BBBBBB;padding:8px;\">3,479.10 to 5,149.90<\/td>\n<\/tr>\n<tr>\n<td style=\"border:1px solid #BBBBBB;padding:8px;\"><a href=\"https:\/\/univest.in\/stocks\/bhel\/bharat-heavy-electricals-ltd-share-price-today\">Bharat Heavy Electricals<\/a><\/td>\n<td style=\"border:1px solid #BBBBBB;padding:8px;\">405.30<\/td>\n<td style=\"border:1px solid #BBBBBB;padding:8px;\">1,53,794<\/td>\n<td style=\"border:1px solid #BBBBBB;padding:8px;\">53.40<\/td>\n<td style=\"border:1px solid #BBBBBB;padding:8px;\">45.89<\/td>\n<td style=\"border:1px solid #BBBBBB;padding:8px;\">10.76%<\/td>\n<td style=\"border:1px solid #BBBBBB;padding:8px;\">5.75<\/td>\n<td style=\"border:1px solid #BBBBBB;padding:8px;\">229.54 to 464.00<\/td>\n<\/tr>\n<tr>\n<td style=\"border:1px solid #BBBBBB;padding:8px;\"><a href=\"https:\/\/univest.in\/stocks\/unionbank\/union-bank-of-india-share-price-today\">Union Bank of India<\/a><\/td>\n<td style=\"border:1px solid #BBBBBB;padding:8px;\">182.98<\/td>\n<td style=\"border:1px solid #BBBBBB;padding:8px;\">1,31,926<\/td>\n<td style=\"border:1px solid #BBBBBB;padding:8px;\">6.39<\/td>\n<td style=\"border:1px solid #BBBBBB;padding:8px;\">12.02<\/td>\n<td style=\"border:1px solid #BBBBBB;padding:8px;\">15.57%<\/td>\n<td style=\"border:1px solid #BBBBBB;padding:8px;\">0.99<\/td>\n<td style=\"border:1px solid #BBBBBB;padding:8px;\">135.80 to 205.49<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<h2><span class=\"ez-toc-section\" id=\"SBI_2372_Profit_CAGR_Since_FY22\"><\/span><strong>SBI: 23.72% Profit CAGR Since FY22<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>State Bank of India is the country&#8217;s largest lender, with a branch network that reaches every part of India. It reported FY26 total income of Rs 7,12,643.53 crore, up 7.43% year on year, and net profit of Rs 85,168.47 crore, up 7.78%. Net profit has compounded at 23.72% a year since FY22, while total income has grown 15.03% a year.<\/p>\n<p>In the June 2026 quarter, total income rose 7.83% to Rs 1,80,061.86 crore and net profit grew 13.65% to Rs 24,579.04 crore. The share price has gained 92.86% over five years. Foreign investors raised their holding from 9.98% in July 2025 to 10.81% in June 2026. The stock trades at a PE of 9.69 against an industry PE of 12.05, below the sector average, with a return on equity of 14.29%. The dividend yield is 1.85%.<\/p>\n<h2><span class=\"ez-toc-section\" id=\"HAL_Return_on_Equity_of_2221\"><\/span><strong>HAL: Return on Equity of 22.21%<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>Hindustan Aeronautics is India&#8217;s state-owned aerospace company that designs, makes and services fighter jets, helicopters, engines and avionics. It reported FY26 revenue of Rs 36,787.95 crore, up 9.68% year on year, and net profit of Rs 9,115.52 crore, up 8.98%. Net profit has compounded at 15.74% a year since FY22, while revenue has grown 9.48% a year. Operating margin was 40.89% in FY26. The debt-to-equity ratio is 0.00, which keeps interest costs low.<\/p>\n<p>The stock trades at a PE of 35.55 against an industry PE of 48.59, below the sector average, with a return on equity of 22.21%. In the June 2026 quarter, revenue rose 15.26% to Rs 6,415.41 crore and net profit grew 14.88% to Rs 1,589.66 crore. The share price has gained 607.71% over five years. Domestic institutions raised their holding from 8.71% in September 2025 to 12.56% in September 2026.<\/p>\n<h2><span class=\"ez-toc-section\" id=\"BHEL_3773_Profit_CAGR_Since_FY22\"><\/span><strong>BHEL: 37.73% Profit CAGR Since FY22<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>Bharat Heavy Electricals is a government-owned maker of power generation, transmission, industrial and transportation equipment. It reported FY26 revenue of Rs 34,589.83 crore, up 20.08% year on year, and net profit of Rs 1,600.26 crore, up 199.73%. Net profit has compounded at 37.73% a year since FY22, while revenue has grown 12.54% a year. Operating margin was 10.18% in FY26. The debt-to-equity ratio is 0.23.<\/p>\n<p>In the September 2026 quarter, revenue rose 24.28% to Rs 9,553.01 crore and net profit grew 118.98% to Rs 820.94 crore. The share price has gained 488.34% over five years and 86.13% over the past year. Domestic institutions raised their holding from 18.62% in September 2025 to 21.88% in September 2026. The stock trades at a PE of 53.40 against an industry PE of 45.89.<\/p>\n<h2><span class=\"ez-toc-section\" id=\"Union_Bank_3780_Profit_CAGR_Since_FY22\"><\/span><strong>Union Bank: 37.80% Profit CAGR Since FY22<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>Union Bank of India is a large government-owned bank that serves retail, MSME and corporate customers across India. It reported FY26 total income of Rs 1,28,399.52 crore, up 0.19% year on year, and net profit of Rs 18,780.63 crore, up 4.80%. Net profit has compounded at 37.80% a year since FY22, while total income has grown 11.95% a year.<\/p>\n<p>The stock trades at a PE of 6.39 against an industry PE of 12.02, below the sector average, with a return on equity of 15.57%. The dividend yield is 2.90%. In the June 2026 quarter, total income rose 2.17% to Rs 32,660.24 crore and net profit grew 29.77% to Rs 5,368.17 crore. The share price has gained 249.43% over five years and 23.10% over the past year. Foreign investors raised their holding from 7.70% in June 2025 to 8.63% in June 2026.<\/p>\n<h2><span class=\"ez-toc-section\" id=\"Government_Owned_Stocks_Financial_Comparison_on_Growth_and_Margins\"><\/span><strong>Government Owned 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 government owned 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;\">Total Income (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;\">Income Growth (YoY)<\/th>\n<th style=\"border:1px solid #BBBBBB;background:#1F4E79;color:#FFFFFF;padding:8px;text-align:left;\">4-Year Income CAGR<\/th>\n<th style=\"border:1px solid #BBBBBB;background:#1F4E79;color:#FFFFFF;padding:8px;text-align:left;\">4-Year Net Profit CAGR<\/th>\n<\/tr>\n<\/thead>\n<tbody>\n<tr>\n<td style=\"border:1px solid #BBBBBB;padding:8px;\">SBI<\/td>\n<td style=\"border:1px solid #BBBBBB;padding:8px;\">7,12,643.53<\/td>\n<td style=\"border:1px solid #BBBBBB;padding:8px;\">85,168.47<\/td>\n<td style=\"border:1px solid #BBBBBB;padding:8px;\">7.43%<\/td>\n<td style=\"border:1px solid #BBBBBB;padding:8px;\">15.03%<\/td>\n<td style=\"border:1px solid #BBBBBB;padding:8px;\">23.72%<\/td>\n<\/tr>\n<tr>\n<td style=\"border:1px solid #BBBBBB;padding:8px;\">HAL<\/td>\n<td style=\"border:1px solid #BBBBBB;padding:8px;\">36,787.95<\/td>\n<td style=\"border:1px solid #BBBBBB;padding:8px;\">9,115.52<\/td>\n<td style=\"border:1px solid #BBBBBB;padding:8px;\">9.68%<\/td>\n<td style=\"border:1px solid #BBBBBB;padding:8px;\">9.48%<\/td>\n<td style=\"border:1px solid #BBBBBB;padding:8px;\">15.74%<\/td>\n<\/tr>\n<tr>\n<td style=\"border:1px solid #BBBBBB;padding:8px;\">BHEL<\/td>\n<td style=\"border:1px solid #BBBBBB;padding:8px;\">34,589.83<\/td>\n<td style=\"border:1px solid #BBBBBB;padding:8px;\">1,600.26<\/td>\n<td style=\"border:1px solid #BBBBBB;padding:8px;\">20.08%<\/td>\n<td style=\"border:1px solid #BBBBBB;padding:8px;\">12.54%<\/td>\n<td style=\"border:1px solid #BBBBBB;padding:8px;\">37.73%<\/td>\n<\/tr>\n<tr>\n<td style=\"border:1px solid #BBBBBB;padding:8px;\">Union Bank<\/td>\n<td style=\"border:1px solid #BBBBBB;padding:8px;\">1,28,399.52<\/td>\n<td style=\"border:1px solid #BBBBBB;padding:8px;\">18,780.63<\/td>\n<td style=\"border:1px solid #BBBBBB;padding:8px;\">0.19%<\/td>\n<td style=\"border:1px solid #BBBBBB;padding:8px;\">11.95%<\/td>\n<td style=\"border:1px solid #BBBBBB;padding:8px;\">37.80%<\/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 government owned stocks<\/strong><\/a><\/p>\n<h2><span class=\"ez-toc-section\" id=\"Institutional_Holding_in_SBI_HAL_BHEL_and_Union_Bank\"><\/span><strong>Institutional Holding in SBI, HAL, BHEL and Union Bank<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>Institutional holding shows who is backing these government owned stocks alongside the promoter. The table uses the latest reported quarter for each. SBI has the deepest institutional backing, with FII and DII together holding 37.45% as of June 2026. Domestic institutions increased their holding over the past year in HAL (from 8.71% to 12.56%) and BHEL (from 18.62% to 21.88%).<\/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;\">SBI<\/td>\n<td style=\"border:1px solid #BBBBBB;padding:8px;\">55.47%<\/td>\n<td style=\"border:1px solid #BBBBBB;padding:8px;\">10.81%<\/td>\n<td style=\"border:1px solid #BBBBBB;padding:8px;\">26.64%<\/td>\n<td style=\"border:1px solid #BBBBBB;padding:8px;\">7.08%<\/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;\">HAL<\/td>\n<td style=\"border:1px solid #BBBBBB;padding:8px;\">71.64%<\/td>\n<td style=\"border:1px solid #BBBBBB;padding:8px;\">9.42%<\/td>\n<td style=\"border:1px solid #BBBBBB;padding:8px;\">12.56%<\/td>\n<td style=\"border:1px solid #BBBBBB;padding:8px;\">6.38%<\/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;\">BHEL<\/td>\n<td style=\"border:1px solid #BBBBBB;padding:8px;\">58.17%<\/td>\n<td style=\"border:1px solid #BBBBBB;padding:8px;\">9.94%<\/td>\n<td style=\"border:1px solid #BBBBBB;padding:8px;\">21.88%<\/td>\n<td style=\"border:1px solid #BBBBBB;padding:8px;\">10.02%<\/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;\">Union Bank<\/td>\n<td style=\"border:1px solid #BBBBBB;padding:8px;\">74.76%<\/td>\n<td style=\"border:1px solid #BBBBBB;padding:8px;\">8.63%<\/td>\n<td style=\"border:1px solid #BBBBBB;padding:8px;\">11.98%<\/td>\n<td style=\"border:1px solid #BBBBBB;padding:8px;\">4.63%<\/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_Government_Owned_Stocks\"><\/span><strong>Risks to Weigh in Government Owned Stocks<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>Being careful with government owned 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>Past growth may not repeat.<\/li>\n<li>Share prices can move sharply in either direction.<\/li>\n<li><strong>Valuation:<\/strong> BHEL trades at a PE of 53.40 against an industry PE of 45.89, 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_Government_Owned_Stocks\"><\/span><strong>How to Choose Between Government Owned Stocks<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>Picking from government owned stocks comes down to four checks, applied in order.<\/p>\n<ol>\n<li>Check asset quality and net interest margin first, then return on equity and price to book. Debt-to-equity does not apply to lenders.<\/li>\n<li>Compare each PE with the industry PE (12.02 to 48.59) 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 SBI, HAL, BHEL and Union Bank 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 government owned stocks, SBI stands out for the largest market cap at Rs 8,68,768 crore, HAL for the highest return on equity at 22.21%, BHEL for the strongest latest-quarter profit growth at 118.98% and Union Bank for the fastest profit growth, 37.80% 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 government owned 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_Government_Owned_Stocks_to_Watch\"><\/span><strong>Frequently Asked Questions on Government Owned Stocks to Watch<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<h3><span class=\"ez-toc-section\" id=\"Which_are_the_best_government_owned_stocks_to_watch_for_multibagger_potential\"><\/span><strong>Which are the best government owned stocks to watch for multibagger potential?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><strong>Ans.<\/strong> SBI, HAL, BHEL and Union Bank are the 4 names this list highlights, with market caps of Rs 8,68,768 crore, Rs 3,31,342 crore, Rs 1,53,794 crore and Rs 1,31,926 crore respectively. SBI is notable for the largest market cap at Rs 8,68,768 crore. HAL stands out for the highest return on equity at 22.21%. BHEL offers the strongest latest-quarter profit growth at 118.98%. Union Bank brings the fastest profit growth, 37.80% a year since FY22. These are watchlist names for government owned stocks, not recommendations, so match each one to your own risk profile and time horizon.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"Is_HAL_a_good_stock_for_long-term_investors\"><\/span><strong>Is HAL a good stock for long-term investors?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><strong>Ans.<\/strong> HAL has a return on equity of 22.21%, a PE of 35.55 against an industry PE of 48.59 and a market cap of Rs 3,31,342 crore. Net profit has compounded at 15.74% a year since FY22, and FY26 revenue rose 9.68% while June 2026 quarter net profit grew 14.88%. Long-term returns in government owned 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_Union_Bank_become_a_multibagger_from_here\"><\/span><strong>Can Union Bank become a multibagger from here?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><strong>Ans.<\/strong> Union Bank has already gained 249.43% in five years, so another multi-fold move would need sustained earnings growth. A multibagger outcome in government owned stocks requires earnings to keep growing faster than the market for several years. Net profit has compounded at 37.80% a year since FY22, and FY26 revenue rose 0.19%. At a PE of 6.39 against an industry PE of 12.02, valuation should be checked against that growth before investing.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"What_is_the_market_cap_of_SBI_HAL_BHEL_and_Union_Bank\"><\/span><strong>What is the market cap of SBI, HAL, BHEL and Union Bank?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><strong>Ans.<\/strong> As of 28 October 2026, SBI has a market cap of Rs 8,68,768 crore, HAL has a market cap of Rs 3,31,342 crore, BHEL has a market cap of Rs 1,53,794 crore and Union Bank has a market cap of Rs 1,31,926 crore. All of them qualify as largecaps. 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 government owned stocks.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"What_are_the_risks_of_investing_in_government_owned_stocks\"><\/span><strong>What are the risks of investing in government owned stocks?<\/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. BHEL trades at a PE of 53.40 against an industry PE of 45.89, so earnings growth needs to hold up.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"Is_Union_Bank_trading_below_its_industry_PE\"><\/span><strong>Is Union Bank trading below its industry PE?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><strong>Ans.<\/strong> Union Bank trades at a PE of 6.39 against an industry PE of 12.02. A lower PE means investors pay less for each rupee of earnings, but it should be read with growth (net profit has compounded at 37.80% a year since FY22 and FY26 revenue rose 0.19%) and balance sheet strength before drawing a conclusion.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"How_much_do_institutions_hold_in_SBI_HAL_BHEL_and_Union_Bank\"><\/span><strong>How much do institutions hold in SBI, HAL, BHEL and Union Bank?<\/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 37.45% of SBI (10.81% and 26.64%), 21.98% of HAL (9.42% and 12.56%), 31.82% of BHEL (9.94% and 21.88%) and 20.61% of Union Bank (8.63% and 11.98%). Rising institutional holding is a useful signal in government owned 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 government owned stocks to watch for multibagger potential?\",\"acceptedAnswer\":{\"@type\":\"Answer\",\"text\":\"SBI, HAL, BHEL and Union Bank are the 4 names this list highlights, with market caps of Rs 8,68,768 crore, Rs 3,31,342 crore, Rs 1,53,794 crore and Rs 1,31,926 crore respectively. SBI is notable for the largest market cap at Rs 8,68,768 crore. HAL stands out for the highest return on equity at 22.21%. BHEL offers the strongest latest-quarter profit growth at 118.98%. Union Bank brings the fastest profit growth, 37.80% a year since FY22. 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