4 Largecap Stocks With Latest Quarter Profit More Than Doubling to Watch for Future Multibagger Potential: JSW Steel, Hindustan Zinc, Adani Energy Solutions and BHEL

Stocks with latest quarter profit more than doubling to watch for multibagger potential start with a simple filter: size, a clean financial record and earnings that keep growing. JSW Steel, Hindustan Zinc, Adani Energy Solutions and BHEL meet that test, with market caps from Rs 1.51 lakh crore to Rs 2.94 lakh crore and JSW Steel offering the lowest PE of the group at 10.49. Each of these companies has latest quarter profit growth of at least 100 per cent from a year earlier, and net profit rose in FY26 and in the latest quarter.

This list covers companies with latest quarter profit growth of at least 100 per cent from a year earlier, 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 latest quarter profit more than doubling usually begin with size and balance sheet strength, and this list follows the same logic. All figures are as of 21 October 2026 and are drawn from NSE and BSE data and company filings.

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What Are Stocks With Latest Quarter Profit More Than Doubling and Why Do They Attract Multibagger Interest?

Stocks with latest quarter profit more than doubling are shares of companies whose profit at least doubled in the latest quarter. The four here cover steel, zinc, power transmission and power equipment.

Growth at this pace is rare, so the next quarters matter. For stocks with latest quarter profit more than doubling, FY26 profit also rose. Whichever way you read stocks with latest quarter profit more than doubling, the common thread is rising profit backed by complete financial data. Investors researching stocks with latest quarter profit more than doubling get a fuller picture by reading growth and valuation together. The table below lines up stocks with latest quarter profit more than doubling on size, growth and valuation, using complete FY26 and latest quarter numbers. Past performance does not guarantee future returns, so use stocks with latest quarter profit more than doubling as a starting point for your own research.

Stocks With Latest Quarter Profit More Than Doubling at a Glance: Price, Market Cap, PE and ROE

Prices are closing prices as of 21 October 2026. JSW Steel has the lowest PE of the group at 10.49, while Hindustan Zinc posts the highest return on equity at 61.13%.

Stock	CMP (Rs)	Market Cap (Rs Cr)	PE	Industry PE	ROE	Debt to Equity	52-Week Range (Rs)
JSW Steel	1,222.90	2,93,638	10.49	22.42	7.21%	0.99	1,073.20 to 1,351.00
Hindustan Zinc	525	2,23,984	13.12	12.27	61.13%	0.39	412.25 to 609.05
Adani Energy Solutions	1,324	1,65,429	53.53	22.18	8.98%	1.93	803.10 to 1,789.00
Bharat Heavy Electricals	410.20	1,51,365	52.56	45.89	10.76%	0.23	229.54 to 464.00

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.

Hindustan Zinc: Return on Equity of 61.13%

Hindustan Zinc is among the world's largest integrated zinc producers and also produces lead and silver. It reported FY26 revenue of Rs 41,934 crore, up 19.59% year on year, and net profit of Rs 13,832 crore, up 33.60%. Net profit has compounded at 9.48% a year since FY22, while revenue has grown 8.15% a year. Operating margin was 56.75% in FY26. The debt-to-equity ratio is 0.39.

The stock trades at a PE of 13.12 against an industry PE of 12.27, with a return on equity of 61.13%. The dividend yield is 1.89%. In the June 2026 quarter, revenue rose 74.70% to Rs 14,063 crore and net profit grew 144.81% to Rs 5,469 crore. Foreign investors raised their holding from 1.31% in September 2025 to 2.36% in September 2026.

Adani Energy Solutions: Quarterly Profit Up 129.44%

Adani Energy Solutions builds and operates power transmission lines and runs electricity distribution and smart metering businesses. It reported FY26 revenue of Rs 28,325.16 crore, up 15.87% year on year, and net profit of Rs 2,392.75 crore, up 159.60%. Net profit has compounded at 17.96% a year since FY22, while revenue has grown 24.31% a year. Operating margin was 31.63% in FY26.

In the June 2026 quarter, revenue rose 40.24% to Rs 9,852.20 crore and net profit grew 129.44% to Rs 1,236.56 crore. The share price is up 44.33% over the past year. Domestic institutions raised their holding from 10.14% in December 2025 to 13.61% in September 2026. The stock trades at a PE of 53.53 against an industry PE of 22.18.

BHEL: 37.73% Profit CAGR Since FY22

Bharat Heavy Electricals is a government-owned maker of power generation, transmission, industrial and transportation equipment. It reported FY26 revenue of Rs 34,589.83 crore, up 20.08% year on year, and net profit of Rs 1,600.26 crore, up 199.73%. Net profit has compounded at 37.73% a year since FY22, while revenue has grown 12.54% a year. Operating margin was 10.18% in FY26. The debt-to-equity ratio is 0.23.

The stock trades at a PE of 52.56 against an industry PE of 45.89. In the September 2026 quarter, revenue rose 24.28% to Rs 9,553.01 crore and net profit grew 118.98% to Rs 820.94 crore. The share price has gained 488.34% over five years and 86.13% over the past year. Domestic institutions raised their holding from 18.62% in September 2025 to 21.88% in September 2026.

Stocks With Latest Quarter Profit More Than Doubling: Financial Comparison on Growth and Margins

The table compares scale and growth across these stocks with latest quarter profit more than doubling. 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)
JSW Steel	1,86,718	25,508	10.15%	6.00%	5.06%	21.45%
Hindustan Zinc	41,934	13,832	19.59%	8.15%	9.48%	64.19%
Adani Energy Solutions	28,325.16	2,392.75	15.87%	24.31%	17.96%	32.73%
BHEL	34,589.83	1,600.26	20.08%	12.54%	37.73%	13.94%

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Institutional Holding in JSW Steel, Hindustan Zinc, Adani Energy Solutions and BHEL

Institutional holding shows who is backing these stocks with latest quarter profit more than doubling alongside the promoter. The table uses the latest reported quarter for each. JSW Steel has the deepest institutional backing, with FII and DII together holding 37.41% as of June 2026. Domestic institutions increased their holding over the past year in JSW Steel (from 10.92% to 11.49%), Adani Energy Solutions (from 10.14% to 13.61%) and BHEL (from 18.62% to 21.88%).

Stock	Promoter	FII	DII	Public	Quarter
JSW Steel	44.29%	25.92%	11.49%	18.30%	June 2026
Hindustan Zinc	60.71%	2.36%	4.85%	32.07%	September 2026
Adani Energy Solutions	73.39%	9.56%	13.61%	3.44%	September 2026
BHEL	58.17%	9.94%	21.88%	10.02%	September 2026

Risks to Weigh in Stocks With Latest Quarter Profit More Than Doubling

Being careful with stocks with latest quarter profit more than doubling 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: Adani Energy Solutions trades at a PE of 53.53 against an industry PE of 22.18, 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 Latest Quarter Profit More Than Doubling

Picking from stocks with latest quarter profit more than doubling 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 (12.27 to 45.89) 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 latest quarter profit more than doubling, JSW Steel stands out for the lowest PE of the group at 10.49, Hindustan Zinc for the highest return on equity at 61.13%, Adani Energy Solutions for 15.87% revenue growth in FY26 and BHEL for the fastest profit growth, 37.73% a year since FY22. 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 latest quarter profit more than doubling 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 Latest Quarter Profit More Than Doubling to Watch

Which are the best stocks with latest quarter profit more than doubling to watch for multibagger potential?

Ans. JSW Steel, Hindustan Zinc, Adani Energy Solutions and BHEL are the 4 names this list highlights, with market caps of Rs 2,93,638 crore, Rs 2,23,984 crore, Rs 1,65,429 crore and Rs 1,51,365 crore respectively. JSW Steel is notable for the lowest PE of the group at 10.49. Hindustan Zinc stands out for the highest return on equity at 61.13%. Adani Energy Solutions offers 15.87% revenue growth in FY26. BHEL brings the fastest profit growth, 37.73% a year since FY22. These are watchlist names for stocks with latest quarter profit more than doubling, not recommendations, so match each one to your own risk profile and time horizon.

Is Hindustan Zinc a good stock for long-term investors?

Ans. Hindustan Zinc has a return on equity of 61.13%, a PE of 13.12 against an industry PE of 12.27 and a market cap of Rs 2,23,984 crore. Net profit has compounded at 9.48% a year since FY22, and FY26 revenue rose 19.59% while June 2026 quarter net profit grew 144.81%. Long-term returns in stocks with latest quarter profit more than doubling depend on earnings growth and the price paid at entry, so staggering purchases and consulting a SEBI-registered advisor is sensible.

Can BHEL become a multibagger from here?

Ans. BHEL has already gained 488.34% in five years, so another multi-fold move would need sustained earnings growth. A multibagger outcome in stocks with latest quarter profit more than doubling requires earnings to keep growing faster than the market for several years. Net profit has compounded at 37.73% a year since FY22, and FY26 revenue rose 20.08%. At a PE of 52.56 against an industry PE of 45.89, valuation should be checked against that growth before investing.

What is the market cap of JSW Steel, Hindustan Zinc, Adani Energy Solutions and BHEL?

Ans. As of 21 October 2026, JSW Steel has a market cap of Rs 2,93,638 crore, Hindustan Zinc has a market cap of Rs 2,23,984 crore, Adani Energy Solutions has a market cap of Rs 1,65,429 crore and BHEL has a market cap of Rs 1,51,365 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 latest quarter profit more than doubling.

What are the risks of investing in stocks with latest quarter profit more than doubling?

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. Adani Energy Solutions trades at a PE of 53.53 against an industry PE of 22.18, so earnings growth needs to hold up.

Why is Adani Energy Solutions trading at a PE of 53.53?

Ans. Adani Energy Solutions' PE of 53.53 compares with an industry PE of 22.18. The market is paying a premium for profit growth of 17.96% a year since FY22, latest-quarter profit growth of 129.44% and FY26 revenue growth of 15.87%, which also means the stock is more sensitive if growth slows. Investors in stocks with latest quarter profit more than doubling who are comfortable with higher valuation risk may prefer to stagger purchases instead of investing in one go.

How much do institutions hold in JSW Steel, Hindustan Zinc, Adani Energy Solutions and BHEL?

Ans. As of the latest reported quarter, FII and DII together hold 37.41% of JSW Steel (25.92% and 11.49%), 7.21% of Hindustan Zinc (2.36% and 4.85%), 23.17% of Adani Energy Solutions (9.56% and 13.61%) and 31.82% of BHEL (9.94% and 21.88%). Rising institutional holding is a useful signal in stocks with latest quarter profit more than doubling, though it should be read with earnings trends rather than on its own.