4 Largecap Rising Profit Stocks to Watch for Future Multibagger Potential: Bajaj Finance, Adani Ports, JSW Steel and Divi's Labs

Rising profit stocks to watch for multibagger potential start with a simple filter: size, a clean financial record and earnings that keep growing. Bajaj Finance, Adani Ports, JSW Steel and Divi's Labs meet that test, with market caps from Rs 2.40 lakh crore to Rs 6.03 lakh crore and Bajaj Finance offering the highest return on equity at 16.68%. Each of these companies has profit growth of at least 10 per cent in FY26 and in the latest quarter, and revenue growth of at least 10 per cent in the latest quarter, and net profit rose in FY26 and in the latest quarter.

This list covers companies with profit growth of at least 10 per cent in FY26 and in the latest quarter, and revenue growth of at least 10 per cent 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 rising profit stocks usually begin with size and balance sheet strength, and this list follows the same logic. All figures are as of 22 October 2026 and are drawn from NSE and BSE data and company filings.

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What Are Rising Profit Stocks and Why Do They Attract Multibagger Interest?

Rising profit stocks are shares of large companies where profit and sales are both climbing in the latest results. The four here cover consumer finance, ports, steel and active pharmaceutical ingredients.

Profit and revenue rising together is a stronger signal than either one alone. For rising profit stocks, both FY26 and the latest quarter showed growth. Investors researching rising profit stocks get a fuller picture by reading growth and valuation together. The table below lines up rising profit stocks on size, growth and valuation, using complete FY26 and latest quarter numbers. Past performance does not guarantee future returns, so use rising profit stocks as a starting point for your own research.

Rising Profit Stocks at a Glance: Price, Market Cap, PE, ROE and Price to Book

Prices are closing prices as of 22 October 2026. JSW Steel has the lowest PE of the group at 10.49, while Bajaj Finance posts the highest return on equity at 16.68%.

Stock	CMP (Rs)	Market Cap (Rs Cr)	PE	Industry PE	ROE	Price to Book	52-Week Range (Rs)
Bajaj Finance	942.10	6,02,984	29.21	17.68	16.68%	5.29	787.90 to 1,176.40
Adani Ports and Special Economic Zone	1,750	4,02,686	30.69	31.83	13.32%	4.20	1,292.00 to 1,891.10
JSW Steel	1,220	2,93,638	10.49	22.42	7.21%	2.94	1,073.20 to 1,351.00
Divi's Laboratories	9,162	2,39,982	82.05	36.42	15.32%	14.32	5,647.50 to 9,740.00

Bajaj Finance: 28.78% Profit CAGR Since FY22

Bajaj Finance is a large NBFC offering consumer, SME, commercial and mortgage loans along with deposits and payment services. It reported FY26 total income of Rs 81,989.50 crore, up 19.09% year on year, and net profit of Rs 19,332.36 crore, up 15.21%. Net profit has compounded at 28.78% a year since FY22, while total income has grown 26.88% a year.

In the June 2026 quarter, total income rose 18.63% to Rs 23,166.42 crore and net profit grew 27.60% to Rs 6,080.60 crore. Domestic institutions raised their holding from 14.47% in September 2025 to 17.05% in September 2026. The stock trades at a PE of 29.21 against an industry PE of 17.68, with a return on equity of 16.68%.

Adani Ports: 26.74% Profit CAGR Since FY22

Adani Ports and Special Economic Zone is India's largest private port operator, with ports on both coasts and a growing logistics business. It reported FY26 revenue of Rs 40,854.36 crore, up 26.16% year on year, and net profit of Rs 12,782.03 crore, up 15.56%. Net profit has compounded at 26.74% a year since FY22, while revenue has grown 20.55% a year. Operating margin was 64.59% in FY26.

The stock trades at a PE of 30.69 against an industry PE of 31.83, below the sector average, with a return on equity of 13.32%. In the June 2026 quarter, revenue rose 23.90% to Rs 11,673.71 crore and net profit grew 10.24% to Rs 3,649.50 crore. The share price has gained 115.30% over five years and 17.95% over the past year. Foreign investors raised their holding from 13.61% in September 2025 to 15.95% in September 2026.

JSW Steel: Quarterly Profit Up 112.58%

JSW Steel is one of India's largest steel producers, with integrated plants across the country. It reported FY26 revenue of Rs 1,86,718 crore, up 10.15% year on year, and net profit of Rs 25,508 crore, up 630.68%. Net profit has compounded at 5.06% a year since FY22, while revenue has grown 6.00% a year. Operating margin was 16.56% in FY26.

In the June 2026 quarter, revenue rose 10.55% to Rs 48,088 crore and net profit grew 112.58% to Rs 4,696 crore. The share price has gained 68.48% over five years. Domestic institutions raised their holding from 10.92% in June 2025 to 11.49% in June 2026. The stock trades at a PE of 10.49 against an industry PE of 22.42, below the sector average.

Divi's Labs: Debt-to-Equity of 0.00

Divi's Laboratories makes active pharmaceutical ingredients and intermediates and runs a large custom synthesis business for global drug companies. It reported FY26 revenue of Rs 11,067 crore, up 13.95% year on year, and net profit of Rs 2,568 crore, up 17.21%. Revenue has compounded at 5.09% a year since FY22. Operating margin was 36.70% in FY26. The debt-to-equity ratio is 0.00, which keeps interest costs low.

The stock trades at a PE of 82.05 against an industry PE of 36.42, with a return on equity of 15.32%. In the June 2026 quarter, revenue rose 24.32% to Rs 3,144 crore and net profit grew 65.50% to Rs 902 crore. The share price has gained 71.04% over five years and 38.43% over the past year. Foreign investors raised their holding from 19.39% in September 2025 to 20.38% in September 2026.

Rising Profit Stocks: Financial Comparison on Growth and Margins

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

Stock	Total Income (Rs Cr)	Net Profit (Rs Cr)	Income Growth (YoY)	4-Year Income CAGR	Latest Quarter Income Growth
Bajaj Finance	81,989.50	19,332.36	19.09%	26.88%	18.63%
Adani Ports	40,854.36	12,782.03	26.16%	20.55%	23.90%
JSW Steel	1,86,718	25,508	10.15%	6.00%	10.55%
Divi's Labs	11,067	2,568	13.95%	5.09%	24.32%

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Institutional Holding in Bajaj Finance, Adani Ports, JSW Steel and Divi's Labs

Institutional holding shows who is backing these rising profit stocks alongside the promoter. The table uses the latest reported quarter for each. Divi's Labs has the deepest institutional backing, with FII and DII together holding 39.55% as of September 2026. Domestic institutions increased their holding over the past year in Bajaj Finance (from 14.47% to 17.05%) and JSW Steel (from 10.92% to 11.49%).

Stock	Promoter	FII	DII	Public	Quarter
Bajaj Finance	54.67%	19.79%	17.05%	8.49%	September 2026
Adani Ports	66.03%	15.95%	13.25%	4.77%	September 2026
JSW Steel	44.29%	25.92%	11.49%	18.30%	June 2026
Divi's Labs	51.88%	20.38%	19.17%	8.58%	September 2026

Risks to Weigh in Rising Profit Stocks

Being careful with rising profit 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: Divi's Labs trades at a PE of 82.05 against an industry PE of 36.42, 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 Rising Profit Stocks

Picking from rising profit stocks comes down to four checks, applied in order.

1. Check asset quality and net interest margin first, then return on equity and price to book. Debt-to-equity does not apply to lenders.
2. Compare each PE with the industry PE (17.68 to 36.42) 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 rising profit stocks, Bajaj Finance stands out for the highest return on equity at 16.68%, Adani Ports for the biggest five-year price gain at 115.30%, JSW Steel for the strongest latest-quarter profit growth at 112.58% and Divi's Labs for a nearly debt-free balance sheet, with a debt-to-equity ratio of 0.00. 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 rising profit 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 Rising Profit Stocks to Watch

Which are the best rising profit stocks to watch for multibagger potential?

Ans. Bajaj Finance, Adani Ports, JSW Steel and Divi's Labs are the 4 names this list highlights, with market caps of Rs 6,02,984 crore, Rs 4,02,686 crore, Rs 2,93,638 crore and Rs 2,39,982 crore respectively. Bajaj Finance is notable for the highest return on equity at 16.68%. Adani Ports stands out for the biggest five-year price gain at 115.30%. JSW Steel offers the strongest latest-quarter profit growth at 112.58%. Divi's Labs brings a nearly debt-free balance sheet, with a debt-to-equity ratio of 0.00. These are watchlist names for rising profit stocks, not recommendations, so match each one to your own risk profile and time horizon.

Is Bajaj Finance a good stock for long-term investors?

Ans. Bajaj Finance has a return on equity of 16.68%, a PE of 29.21 against an industry PE of 17.68 and a market cap of Rs 6,02,984 crore. Net profit has compounded at 28.78% a year since FY22, and FY26 revenue rose 19.09% while June 2026 quarter net profit grew 27.60%. Long-term returns in rising profit stocks depend on earnings growth and the price paid at entry, so staggering purchases and consulting a SEBI-registered advisor is sensible.

Can Adani Ports become a multibagger from here?

Ans. Adani Ports has already gained 115.30% in five years, so another multi-fold move would need sustained earnings growth. A multibagger outcome in rising profit stocks requires earnings to keep growing faster than the market for several years. Net profit has compounded at 26.74% a year since FY22, and FY26 revenue rose 26.16%. At a PE of 30.69 against an industry PE of 31.83, valuation should be checked against that growth before investing.

What is the market cap of Bajaj Finance, Adani Ports, JSW Steel and Divi's Labs?

Ans. As of 22 October 2026, Bajaj Finance has a market cap of Rs 6,02,984 crore, Adani Ports has a market cap of Rs 4,02,686 crore, JSW Steel has a market cap of Rs 2,93,638 crore and Divi's Labs has a market cap of Rs 2,39,982 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 rising profit stocks.

What are the risks of investing in rising profit 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. Divi's Labs trades at a PE of 82.05 against an industry PE of 36.42, so earnings growth needs to hold up.

Why is Divi's Labs trading at a PE of 82.05?

Ans. Divi's Labs' PE of 82.05 compares with an industry PE of 36.42. The market is paying a premium for a return on equity of 15.32% and latest-quarter profit growth of 65.50%, which also means the stock is more sensitive if growth slows. Investors in rising profit 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 Bajaj Finance, Adani Ports, JSW Steel and Divi's Labs?

Ans. As of the latest reported quarter, FII and DII together hold 36.84% of Bajaj Finance (19.79% and 17.05%), 29.20% of Adani Ports (15.95% and 13.25%), 37.41% of JSW Steel (25.92% and 11.49%) and 39.55% of Divi's Labs (20.38% and 19.17%). Rising institutional holding is a useful signal in rising profit stocks, though it should be read with earnings trends rather than on its own.