4 Largecap Price to Book Above 10 Stocks to Watch for Future Multibagger Potential: Asian Paints, Cummins India, Britannia and HDFC AMC

Price to book above 10 stocks to watch for multibagger potential start with a simple filter: size, a clean financial record and earnings that keep growing. Asian Paints, Cummins India, Britannia and HDFC AMC meet that test, with market caps from Rs 1.02 lakh crore to Rs 2.25 lakh crore and Asian Paints offering the strongest latest-quarter profit growth at 39.60%. Each of these companies has a price to book ratio above 10, 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 a price to book ratio above 10, 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 price to book above 10 stocks usually begin with size and balance sheet strength, and this list follows the same logic. All figures are as of 27 October 2026 and are drawn from NSE and BSE data and company filings.

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What Are Price to Book Above 10 Stocks and Why Do They Attract Multibagger Interest?

Price to book above 10 stocks are shares that trade at more than ten times their book value, a premium that usually goes to large companies with strong brands and high returns on capital. The four here cover paints, engines and power generation, packaged foods and asset management.

A high price to book ratio often marks a business whose earning power is far above what its balance sheet alone shows, such as a strong brand or a deep customer base. For price to book above 10 stocks, both FY26 and the latest quarter showed growth. A sensible way to study price to book above 10 stocks is to look at profit growth, returns and valuation side by side. Below, each of price to book above 10 stocks gets its own breakdown of growth, returns and valuation. Treat price to book above 10 stocks as a research list, since share prices and rankings change with every earnings season.

Price to Book Above 10 Stocks at a Glance: Price, Market Cap, PE, ROE and Price to Book

Prices are closing prices as of 27 October 2026. HDFC AMC has the lowest PE of the group at 34.45, while Britannia posts the highest return on equity at 49.61%.

Stock	CMP (Rs)	Market Cap (Rs Cr)	PE	Industry PE	ROE	Price to Book	52-Week Range (Rs)
Asian Paints	2,277	2,25,263	46.57	42.98	20.24%	10.54	2,115.00 to 2,985.70
Cummins India	4,532	1,36,044	57.47	45.93	27.87%	16.06	3,883.10 to 6,100.00
Britannia Industries	4,560	1,16,607	44.67	34.68	49.61%	22.83	4,537.90 to 6,271.00
HDFC Asset Management Company	2,267.70	1,01,551	34.45	17.68	30.97%	11.01	2,205.60 to 2,967.25

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.

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. The stock trades at a PE of 46.57 against an industry PE of 42.98, with a return on equity of 20.24%.

Cummins India: 26.11% Profit CAGR Since FY22

Cummins India makes engines and power generation equipment and exports a share of its output. It reported FY26 revenue of Rs 12,660.53 crore, up 16.82% year on year, and net profit of Rs 2,361.75 crore, up 18.09%. Net profit has compounded at 26.11% a year since FY22, while revenue has grown 18.53% a year. Operating margin was 27.15% in FY26. The debt-to-equity ratio is 0.00, which keeps interest costs low.

The stock trades at a PE of 57.47 against an industry PE of 45.93, with a return on equity of 27.87%. In the June 2026 quarter, revenue rose 17.19% to Rs 3,563.35 crore and net profit grew 0.89% to Rs 609.30 crore. The share price has gained 408.59% over five years and 16.98% over the past year. Foreign investors raised their holding from 17.50% in June 2025 to 21.19% in June 2026.

Britannia: Return on Equity of 49.61%

Britannia Industries is one of the largest biscuit and bakery companies in India, with brands such as Good Day and Marie Gold. It reported FY26 revenue of Rs 19,375.62 crore, up 6.64% year on year, and net profit of Rs 2,537.01 crore, up 16.49%. Net profit has compounded at 13.74% a year since FY22, while revenue has grown 7.78% a year. Operating margin was 19.52% in FY26. The debt-to-equity ratio is 0.27.

In the June 2026 quarter, revenue rose 8.17% to Rs 5,061.38 crore and net profit grew 14.08% to Rs 593.38 crore. Domestic institutions raised their holding from 18.66% in June 2025 to 20.93% in June 2026. The stock trades at a PE of 44.67 against an industry PE of 34.68, with a return on equity of 49.61%. The dividend yield is 1.87%.

HDFC AMC: Return on Equity of 30.97%

HDFC Asset Management Company is one of the largest mutual fund houses in India and earns fees on the assets it manages. It reported FY26 total income of Rs 4,622.20 crore, up 13.84% year on year, and net profit of Rs 2,858.06 crore, up 16.17%.

The stock trades at a PE of 34.45 against an industry PE of 17.68, with a return on equity of 30.97%. The dividend yield is 2.27%. In the September 2026 quarter, total income rose 10.49% to Rs 1,241.48 crore and net profit grew 4.22% to Rs 748.73 crore. The share price has gained 62.46% over five years. Promoters hold 52.29%, which keeps ownership stable.

Price to Book Above 10 Stocks: Financial Comparison on Growth and Margins

The table compares scale and growth across these price to book above 10 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)	Latest Quarter Revenue Growth	Net Profit Growth (YoY)
Asian Paints	36,307.34	4,394.69	5.31%	18.09%	18.46%
Cummins India	12,660.53	2,361.75	16.82%	17.19%	18.09%
Britannia	19,375.62	2,537.01	6.64%	8.17%	16.49%
HDFC AMC	4,622.20	2,858.06	13.84%	10.49%	16.17%

Check the Univest Screener for live data on these price to book above 10 stocks

Institutional Holding in Asian Paints, Cummins India, Britannia and HDFC AMC

Institutional holding shows who is backing these price to book above 10 stocks alongside the promoter. The table uses the latest reported quarter for each. Cummins India has the deepest institutional backing, with FII and DII together holding 40.35% as of June 2026. Domestic institutions increased their holding over the past year in Britannia (from 18.66% to 20.93%).

Stock	Promoter	FII	DII	Public	Quarter
Asian Paints	52.63%	13.32%	20.77%	13.28%	June 2026
Cummins India	51.00%	21.19%	19.16%	8.66%	June 2026
Britannia	50.55%	13.40%	20.93%	15.13%	June 2026
HDFC AMC	52.29%	24.07%	14.57%	9.06%	September 2026

Risks to Weigh in Price to Book Above 10 Stocks

Being careful with price to book above 10 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: HDFC AMC trades at a PE of 34.45 against an industry PE of 17.68, 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 Price to Book Above 10 Stocks

Picking from price to book above 10 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 (17.68 to 45.93) 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 price to book above 10 stocks, Asian Paints stands out for the strongest latest-quarter profit growth at 39.60%, Cummins India for the fastest profit growth, 26.11% a year since FY22, Britannia for the highest return on equity at 49.61% and HDFC AMC for the lowest PE of the group at 34.45. 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 price to book above 10 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 Price to Book Above 10 Stocks to Watch

Which are the best price to book above 10 stocks to watch for multibagger potential?

Ans. Asian Paints, Cummins India, Britannia and HDFC AMC are the 4 names this list highlights, with market caps of Rs 2,25,263 crore, Rs 1,36,044 crore, Rs 1,16,607 crore and Rs 1,01,551 crore respectively. Asian Paints is notable for the strongest latest-quarter profit growth at 39.60%. Cummins India stands out for the fastest profit growth, 26.11% a year since FY22. Britannia offers the highest return on equity at 49.61%. HDFC AMC brings the lowest PE of the group at 34.45. These are watchlist names for price to book above 10 stocks, not recommendations, so match each one to your own risk profile and time horizon.

Is Britannia a good stock for long-term investors?

Ans. Britannia has a return on equity of 49.61%, a PE of 44.67 against an industry PE of 34.68 and a market cap of Rs 1,16,607 crore. Net profit has compounded at 13.74% a year since FY22, and FY26 revenue rose 6.64% while June 2026 quarter net profit grew 14.08%. Long-term returns in price to book above 10 stocks depend on earnings growth and the price paid at entry, so staggering purchases and consulting a SEBI-registered advisor is sensible.

Can Cummins India become a multibagger from here?

Ans. Cummins India has already gained 408.59% in five years, so another multi-fold move would need sustained earnings growth. A multibagger outcome in price to book above 10 stocks requires earnings to keep growing faster than the market for several years. Net profit has compounded at 26.11% a year since FY22, and FY26 revenue rose 16.82%. At a PE of 57.47 against an industry PE of 45.93, valuation should be checked against that growth before investing.

What is the market cap of Asian Paints, Cummins India, Britannia and HDFC AMC?

Ans. As of 27 October 2026, Asian Paints has a market cap of Rs 2,25,263 crore, Cummins India has a market cap of Rs 1,36,044 crore, Britannia has a market cap of Rs 1,16,607 crore and HDFC AMC has a market cap of Rs 1,01,551 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 price to book above 10 stocks.

What are the risks of investing in price to book above 10 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. HDFC AMC trades at a PE of 34.45 against an industry PE of 17.68, so earnings growth needs to hold up.

Why is HDFC AMC trading at a PE of 34.45?

Ans. HDFC AMC's PE of 34.45 compares with an industry PE of 17.68. The market is paying a premium for a return on equity of 30.97%, which also means the stock is more sensitive if growth slows. Investors in price to book above 10 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 Asian Paints, Cummins India, Britannia and HDFC AMC?

Ans. As of the latest reported quarter, FII and DII together hold 34.09% of Asian Paints (13.32% and 20.77%), 40.35% of Cummins India (21.19% and 19.16%), 34.33% of Britannia (13.40% and 20.93%) and 38.64% of HDFC AMC (24.07% and 14.57%). Rising institutional holding is a useful signal in price to book above 10 stocks, though it should be read with earnings trends rather than on its own.