4 Largecap LIC Portfolio Stocks to Watch for Future Multibagger Potential: Sun Pharma, Asian Paints, Eicher Motors and Pidilite

LIC portfolio stocks to watch for multibagger potential start with a simple filter: size, a clean financial record and earnings that keep growing. Sun Pharma, Asian Paints, Eicher Motors and Pidilite meet that test, with market caps from Rs 1.44 lakh crore to Rs 4.22 lakh crore and Sun Pharma offering the fastest profit growth, 35.75% a year since FY22. Each of these companies has LIC listed among its top domestic institutional holders, 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.

This list covers companies with LIC listed among its top domestic institutional holders, 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 LIC portfolio 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.

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What Are LIC Portfolio Stocks and Why Do They Attract Multibagger Interest?

LIC portfolio stocks are shares of large companies in which Life Insurance Corporation of India, the largest domestic institutional investor, is named among the top holders in the latest shareholding pattern. The four here cover pharmaceuticals, paints, adhesives and two wheelers.

When a patient investor like LIC ranks among the largest holders of a company, it shows deep confidence in the business from an institution that invests for decades. For LIC portfolio stocks, both FY26 and the latest quarter showed growth. With LIC portfolio stocks, 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 LIC portfolio stocks are complete. Read each company's latest results and exchange filings before acting on LIC portfolio stocks.

LIC Portfolio Stocks at a Glance: Price, Market Cap, PE and ROE

Prices are closing prices as of 28 October 2026. Eicher Motors has the lowest PE of the group at 34.64, while Pidilite posts the highest return on equity at 22.61%.

Stock	CMP (Rs)	Market Cap (Rs Cr)	PE	Industry PE	ROE	Debt to Equity	52-Week Range (Rs)
Sun Pharmaceutical Industries	1,757.50	4,22,307	34.85	36.42	13.74%	0.06	1,583.70 to 2,046.90
Asian Paints	2,284.60	2,26,015	46.73	42.98	20.24%	0.18	2,115.00 to 2,985.70
Eicher Motors	7,300	1,99,994	34.64	23.82	21.97%	0.02	6,442.00 to 8,230.00
Pidilite Industries	1,389.60	1,43,732	53.72	36.15	22.61%	0.04	1,259.00 to 1,707.50

Sun Pharma: 35.75% Profit CAGR Since FY22

Sun Pharmaceutical Industries is one of India's largest drugmakers and sells generic and specialty medicines in India and overseas. It reported FY26 revenue of Rs 61,673.94 crore, up 12.69% year on year, and net profit of Rs 11,564.52 crore, up 5.32%. Net profit has compounded at 35.75% a year since FY22, while revenue has grown 11.62% a year. Operating margin was 31.47% in FY26. The debt-to-equity ratio is 0.06, which keeps interest costs low.

In the June 2026 quarter, revenue rose 11.93% to Rs 16,023.50 crore and net profit grew 26.41% to Rs 2,910.80 crore. The share price has gained 110.81% over five years. Domestic institutions raised their holding from 20.23% in September 2025 to 22.27% in September 2026. The stock trades at a PE of 34.85 against an industry PE of 36.42, below the sector average, with a return on equity of 13.74%.

Asian Paints: Return on Equity of 20.24%

Asian Paints is India's largest paint maker and sells decorative and industrial paints, waterproofing and home decor products. It reported FY26 revenue of Rs 36,307.34 crore, up 5.31% year on year, and net profit of Rs 4,394.69 crore, up 18.46%. Net profit has compounded at 9.25% a year since FY22, while revenue has grown 5.34% a year. Operating margin was 20.87% in FY26. The debt-to-equity ratio is 0.18.

The stock trades at a PE of 46.73 against an industry PE of 42.98, with a return on equity of 20.24%. In the June 2026 quarter, revenue rose 18.09% to Rs 10,782.79 crore and net profit grew 39.60% to Rs 1,559.45 crore. Foreign investors raised their holding from 11.85% in June 2025 to 13.32% in June 2026.

Eicher Motors: 34.67% Profit CAGR Since FY22

Eicher Motors owns the Royal Enfield brand of premium motorcycles and is a partner in the Eicher commercial vehicle business. It reported FY26 revenue of Rs 24,894.09 crore, up 23.39% year on year, and net profit of Rs 5,515.23 crore, up 16.49%. Net profit has compounded at 34.67% a year since FY22, while revenue has grown 23.39% a year. Operating margin was 34.24% in FY26. The debt-to-equity ratio is 0.02, which keeps interest costs low.

In the June 2026 quarter, revenue rose 29.35% to Rs 7,098.73 crore and net profit grew 21.35% to Rs 1,462.51 crore. The share price has gained 174.76% over five years. The stock trades at a PE of 34.64 against an industry PE of 23.82, with a return on equity of 21.97%.

Pidilite: Return on Equity of 22.61%

Pidilite Industries makes Fevicol, Dr. Fixit and other adhesives and construction chemicals. It reported FY26 revenue of Rs 14,867.01 crore, up 11.05% year on year, and net profit of Rs 2,470.72 crore, up 17.87%. Net profit has compounded at 19.62% a year since FY22, while revenue has grown 10.54% a year. Operating margin was 25.81% in FY26. The debt-to-equity ratio is 0.04, which keeps interest costs low.

The stock trades at a PE of 53.72 against an industry PE of 36.15, with a return on equity of 22.61%. In the June 2026 quarter, revenue rose 20.96% to Rs 4,643.55 crore and net profit grew 30.29% to Rs 883.51 crore. Domestic institutions raised their holding from 9.15% in June 2025 to 9.88% in June 2026.

LIC Portfolio Stocks: Financial Comparison on Growth and Margins

The table compares scale and growth across these LIC portfolio stocks. Latest quarter means the most recent reported quarter for each company, and only metrics that are positive for every company are shown.

Stock	Revenue (Rs Cr)	Net Profit (Rs Cr)	Revenue Growth (YoY)	4-Year Revenue CAGR	4-Year Net Profit CAGR	Operating Margin (Latest Quarter)
Sun Pharma	61,673.94	11,564.52	12.69%	11.62%	35.75%	32.52%
Asian Paints	36,307.34	4,394.69	5.31%	5.34%	9.25%	23.26%
Eicher Motors	24,894.09	5,515.23	23.39%	23.39%	34.67%	34.28%
Pidilite	14,867.01	2,470.72	11.05%	10.54%	19.62%	28.62%

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Institutional Holding in Sun Pharma, Asian Paints, Eicher Motors and Pidilite

Institutional holding shows who is backing these LIC portfolio stocks alongside the promoter. The table uses the latest reported quarter for each. Eicher Motors has the deepest institutional backing, with FII and DII together holding 41.59% as of June 2026. Domestic institutions increased their holding over the past year in Sun Pharma (from 20.23% to 22.27%) and Pidilite (from 9.15% to 9.88%).

Stock	Promoter	FII	DII	Public	Quarter
Sun Pharma	52.68%	14.36%	22.27%	10.70%	September 2026
Asian Paints	52.63%	13.32%	20.77%	13.28%	June 2026
Eicher Motors	49.02%	25.53%	16.06%	9.40%	June 2026
Pidilite	69.24%	11.69%	9.88%	9.18%	June 2026

Risks to Weigh in LIC Portfolio Stocks

Being careful with LIC portfolio stocks means looking at what can slow the story as well as what can speed it up. Four points matter most:

• Past growth may not repeat.
• Share prices can move sharply in either direction.
• Valuation: Pidilite trades at a PE of 53.72 against an industry PE of 36.15, so earnings need to keep growing to support the price.
• Concentration: Holding all 4 names puts the allocation in one sector, so size each position to match your risk appetite.

How to Choose Between LIC Portfolio Stocks

Picking from LIC portfolio stocks comes down to four checks, applied in order.

1. Check balance sheet strength first, and prefer a debt-to-equity ratio below 1 for non-financial companies.
2. Compare each PE with the industry PE (23.82 to 42.98) and ask whether the growth rate justifies any gap.
3. Track net profit growth, the operating margin and the return on equity in every quarterly result.
4. Stagger entries across quarters and review institutional holding every reporting season.

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Conclusion

Among LIC portfolio stocks, Sun Pharma stands out for the fastest profit growth, 35.75% a year since FY22, Asian Paints for the strongest latest-quarter profit growth at 39.60%, Eicher Motors for the biggest five-year price gain at 174.76% and Pidilite for the highest return on equity at 22.61%. 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 LIC portfolio 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.

Frequently Asked Questions on LIC Portfolio Stocks to Watch

Which are the best LIC portfolio stocks to watch for multibagger potential?

Ans. Sun Pharma, Asian Paints, Eicher Motors and Pidilite are the 4 names this list highlights, with market caps of Rs 4,22,307 crore, Rs 2,26,015 crore, Rs 1,99,994 crore and Rs 1,43,732 crore respectively. Sun Pharma is notable for the fastest profit growth, 35.75% a year since FY22. Asian Paints stands out for the strongest latest-quarter profit growth at 39.60%. Eicher Motors offers the biggest five-year price gain at 174.76%. Pidilite brings the highest return on equity at 22.61%. These are watchlist names for LIC portfolio stocks, not recommendations, so match each one to your own risk profile and time horizon.

Is Pidilite a good stock for long-term investors?

Ans. Pidilite has a return on equity of 22.61%, a PE of 53.72 against an industry PE of 36.15 and a market cap of Rs 1,43,732 crore. Net profit has compounded at 19.62% a year since FY22, and FY26 revenue rose 11.05% while June 2026 quarter net profit grew 30.29%. Long-term returns in LIC portfolio stocks depend on earnings growth and the price paid at entry, so staggering purchases and consulting a SEBI-registered advisor is sensible.

Can Sun Pharma become a multibagger from here?

Ans. Sun Pharma has already gained 110.81% in five years, so another multi-fold move would need sustained earnings growth. A multibagger outcome in LIC portfolio stocks requires earnings to keep growing faster than the market for several years. Net profit has compounded at 35.75% a year since FY22, and FY26 revenue rose 12.69%. At a PE of 34.85 against an industry PE of 36.42, valuation should be checked against that growth before investing.

What is the market cap of Sun Pharma, Asian Paints, Eicher Motors and Pidilite?

Ans. As of 28 October 2026, Sun Pharma has a market cap of Rs 4,22,307 crore, Asian Paints has a market cap of Rs 2,26,015 crore, Eicher Motors has a market cap of Rs 1,99,994 crore and Pidilite has a market cap of Rs 1,43,732 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 LIC portfolio stocks.

What are the risks of investing in LIC portfolio stocks?

Ans. 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. Pidilite trades at a PE of 53.72 against an industry PE of 36.15, so earnings growth needs to hold up.

Why is Pidilite trading at a PE of 53.72?

Ans. Pidilite's PE of 53.72 compares with an industry PE of 36.15. The market is paying a premium for a return on equity of 22.61%, profit growth of 19.62% a year since FY22 and latest-quarter profit growth of 30.29%, which also means the stock is more sensitive if growth slows. Investors in LIC portfolio stocks who are comfortable with higher valuation risk may prefer to stagger purchases instead of investing in one go.

How much do institutions hold in Sun Pharma, Asian Paints, Eicher Motors and Pidilite?

Ans. As of the latest reported quarter, FII and DII together hold 36.63% of Sun Pharma (14.36% and 22.27%), 34.09% of Asian Paints (13.32% and 20.77%), 41.59% of Eicher Motors (25.53% and 16.06%) and 21.57% of Pidilite (11.69% and 9.88%). Rising institutional holding is a useful signal in LIC portfolio stocks, though it should be read with earnings trends rather than on its own.