{"id":333234,"date":"2026-10-30T11:25:48","date_gmt":"2026-10-30T05:55:48","guid":{"rendered":"https:\/\/univest.in\/blogs-2\/?p=333234"},"modified":"2026-10-30T11:25:48","modified_gmt":"2026-10-30T05:55:48","slug":"midcap-pe-below-25-and-roe-above-20-per-cent-stocks-to-watch-multibagger-potential","status":"publish","type":"post","link":"https:\/\/univest.in\/blogs-2\/midcap-pe-below-25-and-roe-above-20-per-cent-stocks-to-watch-multibagger-potential\/","title":{"rendered":"4 Midcap PE Below 25 and ROE Above 20 Per Cent Stocks to Watch for Future Multibagger Potential: Ashok Leyland, Waaree Energies, NMDC and NALCO"},"content":{"rendered":"

Ashok Leyland Rs 145. Waaree Energies Rs 2,318. NMDC Rs 67.54. NALCO Rs 323.50. Market caps from Rs 61,109 crore to Rs 86,320 crore. Data as of 29 Oct 2026.<\/em><\/p>\n

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

Ashok Leyland, Waaree Energies, NMDC and NALCO are the 4 picks in this PE below 25 and ROE above 20 per cent stocks watchlist, with market caps between Rs 61,109 crore and Rs 86,320 crore. Ashok Leyland stands out for the largest market cap at Rs 86,320 crore, while Waaree Energies offers 83.52% revenue growth in FY26. PE ratios run from 8.20 to 23.15, so compare each one with its industry PE before investing. All figures are as of 29 October 2026.<\/p>\n<\/p><\/div>\n

PE below 25 and ROE above 20 per cent stocks to watch for multibagger potential start with a simple filter: size, a clean financial record and earnings that keep growing. Ashok Leyland, Waaree Energies, NMDC and NALCO meet that test, with market caps from Rs 61,109 crore to Rs 86,320 crore and Ashok Leyland offering the largest market cap at Rs 86,320 crore. Each of these companies has a market capitalisation between Rs 30,000 crore and Rs 1,00,000 crore and a price to earnings ratio below 25 and a return on equity of at least 20 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

This list covers companies with a market capitalisation between Rs 30,000 crore and Rs 1,00,000 crore and a price to earnings ratio below 25 and a return on equity of at least 20 per cent and 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 between Rs 30,000 crore and Rs 1 lakh crore. Investors screening PE below 25 and ROE above 20 per cent stocks usually begin with size and balance sheet strength, and this list follows the same logic. All figures are as of 29 October 2026 and are drawn from NSE and BSE data and company filings.<\/p>\n

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