4 Largecap Stocks With 5-10 Per Cent Profit Growth to Watch for Future Multibagger Potential: HDFC Bank, ICICI Bank, L&T and HAL

Stocks with 5-10 per cent profit growth to watch for multibagger potential start with a simple filter: size, a clean financial record and earnings that keep growing. HDFC Bank, ICICI Bank, L&T and HAL meet that test, with market caps from Rs 3.33 lakh crore to Rs 11.23 lakh crore and HDFC Bank offering the lowest PE of the group at 13.61. Each of these companies has FY26 net profit growth between 5 and 10 per cent, and net profit rose in FY26 and in the latest quarter.

This list covers companies with FY26 net profit growth between 5 and 10 per cent, 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 stocks with 5-10 per cent profit growth usually begin with size and balance sheet strength, and this list follows the same logic. All figures are as of 20 October 2026 and are drawn from NSE and BSE data and company filings.

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What Are Stocks With 5-10 Per Cent Profit Growth and Why Do They Attract Multibagger Interest?

Stocks with 5-10 per cent profit growth are shares of very large companies growing profit at a steady, predictable rate. The four here cover two banks, engineering and defence aerospace.

Steady growth from a big base is valuable because it is hard to achieve. For stocks with 5-10 per cent profit growth, latest quarter profit also rose. A sensible way to study stocks with 5-10 per cent profit growth is to look at profit growth, returns and valuation side by side. Below, each of stocks with 5-10 per cent profit growth gets its own breakdown of growth, returns and valuation. Treat stocks with 5-10 per cent profit growth as a research list, since share prices and rankings change with every earnings season.

Stocks With 5-10 Per Cent Profit Growth at a Glance: Price, Market Cap, PE, ROE and Price to Book

Prices are closing prices as of 20 October 2026. HDFC Bank has the lowest PE of the group at 13.61, while HAL posts the highest return on equity at 22.21%.

Stock	CMP (Rs)	Market Cap (Rs Cr)	PE	Industry PE	ROE	Price to Book	52-Week Range (Rs)
HDFC Bank	712	11,22,628	13.61	11.94	13.14%	1.87	681.90 to 1,020.50
ICICI Bank	1,381	9,61,516	16.09	12.05	15.00%	2.57	1,187.60 to 1,480.00
Larsen & Toubro	3,661.90	5,00,275	25.49	22.89	14.72%	4.58	3,288.10 to 4,440.00
Hindustan Aeronautics	4,959	3,33,050	35.73	48.59	22.21%	8.12	3,479.10 to 5,149.90

HDFC Bank: 20.04% Profit CAGR Since FY22

HDFC Bank is India's largest private sector bank by assets and serves retail, business and corporate customers through a wide branch and digital network. It reported FY26 total income of Rs 4,95,462.81 crore, up 5.21% year on year, and net profit of Rs 79,219.46 crore, up 7.87%. Net profit has compounded at 20.04% a year since FY22, while total income has grown 31.11% a year.

In the September 2026 quarter, total income rose 9.11% to Rs 1,29,358.69 crore and net profit grew 5.76% to Rs 21,537.09 crore. Domestic institutions raised their holding from 36.26% in September 2025 to 43.63% in September 2026. The stock trades at a PE of 13.61 against an industry PE of 11.94, with a return on equity of 13.14%. The dividend yield is 2.13%.

ICICI Bank: 22.29% Profit CAGR Since FY22

ICICI Bank is one of the largest private sector banks in India, with a strong retail and digital franchise. It reported FY26 total income of Rs 3,12,118.36 crore, up 5.95% year on year, and net profit of Rs 57,673.39 crore, up 5.98%. Net profit has compounded at 22.29% a year since FY22, while total income has grown 18.64% a year.

The stock trades at a PE of 16.09 against an industry PE of 12.05, with a return on equity of 15.00%. In the June 2026 quarter, total income rose 6.86% to Rs 79,689.22 crore and net profit grew 12.62% to Rs 16,209.74 crore. The share price has gained 85.57% over five years. Foreign investors raised their holding from 45.56% in September 2025 to 50.44% in September 2026.

L&T: Five-Year Gain of 104.68%

Larsen & Toubro is the largest engineering and construction company in India, with additional businesses in IT services and infrastructure projects. It reported FY26 revenue of Rs 2,91,635.04 crore, up 12.23% year on year, and net profit of Rs 19,159.40 crore, up 8.32%. Net profit has compounded at 16.81% a year since FY22, while revenue has grown 16.41% a year. Operating margin was 14.13% in FY26.

In the June 2026 quarter, revenue rose 8.12% to Rs 70,318.47 crore and net profit grew 15.20% to Rs 4,982.85 crore. The share price has gained 104.68% over five years. The stock trades at a PE of 25.49 against an industry PE of 22.89, with a return on equity of 14.72%.

HAL: Return on Equity of 22.21%

Hindustan Aeronautics is India's state-owned aerospace company that designs, makes and services fighter jets, helicopters, engines and avionics. It reported FY26 revenue of Rs 36,787.95 crore, up 9.68% year on year, and net profit of Rs 9,115.52 crore, up 8.98%. Net profit has compounded at 15.74% a year since FY22, while revenue has grown 9.48% a year. Operating margin was 40.89% in FY26. The debt-to-equity ratio is 0.00, which keeps interest costs low.

The stock trades at a PE of 35.73 against an industry PE of 48.59, below the sector average, with a return on equity of 22.21%. In the June 2026 quarter, revenue rose 15.26% to Rs 6,415.41 crore and net profit grew 14.88% to Rs 1,589.66 crore. The share price has gained 607.71% over five years. Domestic institutions raised their holding from 8.71% in September 2025 to 12.56% in September 2026.

Stocks With 5-10 Per Cent Profit Growth: Financial Comparison on Growth and Margins

The table compares scale and growth across these stocks with 5-10 per cent profit growth. 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	4-Year Net Profit CAGR
HDFC Bank	4,95,462.81	79,219.46	5.21%	31.11%	20.04%
ICICI Bank	3,12,118.36	57,673.39	5.95%	18.64%	22.29%
L&T	2,91,635.04	19,159.40	12.23%	16.41%	16.81%
HAL	36,787.95	9,115.52	9.68%	9.48%	15.74%

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Institutional Holding in HDFC Bank, ICICI Bank, L&T and HAL

Institutional holding shows who is backing these stocks with 5-10 per cent profit growth alongside the promoter. The table uses the latest reported quarter for each. ICICI Bank has the deepest institutional backing, with FII and DII together holding 92.22% as of September 2026. Domestic institutions increased their holding over the past year in HDFC Bank (from 36.26% to 43.63%) and HAL (from 8.71% to 12.56%).

Stock	Promoter	FII	DII	Public	Quarter
HDFC Bank	Nil	39.40%	43.63%	16.97%	September 2026
ICICI Bank	Nil	50.44%	41.78%	7.78%	September 2026
L&T	Nil	19.13%	43.02%	37.85%	June 2026
HAL	71.64%	9.42%	12.56%	6.38%	September 2026

Risks to Weigh in Stocks With 5-10 Per Cent Profit Growth

Being careful with stocks with 5-10 per cent profit growth 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: ICICI Bank trades at a PE of 16.09 against an industry PE of 12.05, 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 Stocks With 5-10 Per Cent Profit Growth

Picking from stocks with 5-10 per cent profit growth 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 (11.94 to 48.59) 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 stocks with 5-10 per cent profit growth, HDFC Bank stands out for the lowest PE of the group at 13.61, ICICI Bank for the fastest profit growth, 22.29% a year since FY22, L&T for the strongest latest-quarter profit growth at 15.20% and HAL for the highest return on equity at 22.21%. 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 stocks with 5-10 per cent profit growth 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 Stocks With 5-10 Per Cent Profit Growth to Watch

Which are the best stocks with 5-10 per cent profit growth to watch for multibagger potential?

Ans. HDFC Bank, ICICI Bank, L&T and HAL are the 4 names this list highlights, with market caps of Rs 11,22,628 crore, Rs 9,61,516 crore, Rs 5,00,275 crore and Rs 3,33,050 crore respectively. HDFC Bank is notable for the lowest PE of the group at 13.61. ICICI Bank stands out for the fastest profit growth, 22.29% a year since FY22. L&T offers the strongest latest-quarter profit growth at 15.20%. HAL brings the highest return on equity at 22.21%. These are watchlist names for stocks with 5-10 per cent profit growth, not recommendations, so match each one to your own risk profile and time horizon.

Is HAL a good stock for long-term investors?

Ans. HAL has a return on equity of 22.21%, a PE of 35.73 against an industry PE of 48.59 and a market cap of Rs 3,33,050 crore. Net profit has compounded at 15.74% a year since FY22, and FY26 revenue rose 9.68% while June 2026 quarter net profit grew 14.88%. Long-term returns in stocks with 5-10 per cent profit growth depend on earnings growth and the price paid at entry, so staggering purchases and consulting a SEBI-registered advisor is sensible.

Can ICICI Bank become a multibagger from here?

Ans. ICICI Bank has already gained 85.57% in five years, so another multi-fold move would need sustained earnings growth. A multibagger outcome in stocks with 5-10 per cent profit growth requires earnings to keep growing faster than the market for several years. Net profit has compounded at 22.29% a year since FY22, and FY26 revenue rose 5.95%. At a PE of 16.09 against an industry PE of 12.05, valuation should be checked against that growth before investing.

What is the market cap of HDFC Bank, ICICI Bank, L&T and HAL?

Ans. As of 20 October 2026, HDFC Bank has a market cap of Rs 11,22,628 crore, ICICI Bank has a market cap of Rs 9,61,516 crore, L&T has a market cap of Rs 5,00,275 crore and HAL has a market cap of Rs 3,33,050 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 stocks with 5-10 per cent profit growth.

What are the risks of investing in stocks with 5-10 per cent profit growth?

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. ICICI Bank trades at a PE of 16.09 against an industry PE of 12.05, so earnings growth needs to hold up.

Why is ICICI Bank trading at a PE of 16.09?

Ans. ICICI Bank's PE of 16.09 compares with an industry PE of 12.05. The market is paying a premium for a return on equity of 15.00%, profit growth of 22.29% a year since FY22 and latest-quarter profit growth of 12.62%, which also means the stock is more sensitive if growth slows. Investors in stocks with 5-10 per cent profit growth who are comfortable with higher valuation risk may prefer to stagger purchases instead of investing in one go.

How much do institutions hold in HDFC Bank, ICICI Bank, L&T and HAL?

Ans. As of the latest reported quarter, FII and DII together hold 83.03% of HDFC Bank (39.40% and 43.63%), 92.22% of ICICI Bank (50.44% and 41.78%), 62.15% of L&T (19.13% and 43.02%) and 21.98% of HAL (9.42% and 12.56%). Rising institutional holding is a useful signal in stocks with 5-10 per cent profit growth, though it should be read with earnings trends rather than on its own.