{"id":334541,"date":"2026-11-02T11:01:33","date_gmt":"2026-11-02T05:31:33","guid":{"rendered":"https:\/\/univest.in\/blogs-2\/?p=334541"},"modified":"2026-11-02T11:01:33","modified_gmt":"2026-11-02T05:31:33","slug":"midcap-dii-backed-low-debt-stocks-to-watch-multibagger-potential","status":"publish","type":"post","link":"https:\/\/univest.in\/blogs-2\/midcap-dii-backed-low-debt-stocks-to-watch-multibagger-potential\/","title":{"rendered":"4 Midcap DII Backed Low Debt Stocks to Watch for Future Multibagger Potential: Apar Industries, Mphasis, Ajanta Pharma and KEI Industries"},"content":{"rendered":"

Apar Industries Rs 15,678. Mphasis Rs 2,525.60. Ajanta Pharma Rs 3,508.80. KEI Industries Rs 3,770. Market caps from Rs 37,742 crore to Rs 79,999 crore. Data as of 30 Oct 2026.<\/em><\/p>\n

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

Apar Industries, Mphasis, Ajanta Pharma and KEI Industries are the 4 picks in this DII backed low debt stocks watchlist, with market caps between Rs 37,742 crore and Rs 79,999 crore. Apar Industries stands out for the fastest profit growth, 39.67% a year since FY22, while Mphasis offers the lowest PE of the group at 24.80. PE ratios run from 24.80 to 67.71, so compare each one with its industry PE before investing. All figures are as of 30 October 2026.<\/p>\n<\/p><\/div>\n

DII backed low debt stocks to watch for multibagger potential start with a simple filter: size, a clean financial record and earnings that keep growing. Apar Industries, Mphasis, Ajanta Pharma and KEI Industries meet that test, with market caps from Rs 37,742 crore to Rs 79,999 crore and Apar Industries offering the fastest profit growth, 39.67% a year since FY22. Each of these companies has a market capitalisation between Rs 30,000 crore and Rs 1,00,000 crore and a domestic institutional holding of at least 20 per cent and a debt to equity ratio below 0.3, 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

This list covers companies with a market capitalisation between Rs 30,000 crore and Rs 1,00,000 crore and a domestic institutional holding of at least 20 per cent and a debt to equity ratio below 0.3, 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, 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 DII backed low debt stocks usually begin with size and balance sheet strength, and this list follows the same logic. All figures are as of 30 October 2026 and are drawn from NSE and BSE data and company filings.<\/p>\n

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