2 Top LIC Group Stocks to Watch for Future Multibagger Potential: LIC and LIC Housing Finance

LIC Group stocks to watch for multibagger potential start with a simple filter: size, a clean financial record and earnings that keep growing. LIC and LIC Housing Finance meet that test, with market caps from Rs 29,318 crore to Rs 4.98 lakh crore and LIC offering the highest return on equity at 32.53%. LIC is India's largest life insurer and the promoter of one of its biggest housing finance companies.

This list covers listed companies of the Life Insurance Corporation group with complete, verifiable financials, ranked by market capitalisation. Not every name here is a largecap, so the list takes the leading companies of the sector by market capitalisation. Investors screening LIC Group stocks usually begin with size and balance sheet strength, and this list follows the same logic. All figures are as of 16 October 2026 and are drawn from NSE and BSE data and company filings.

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

LIC Group stocks are shares of Life Insurance Corporation of India and LIC Housing Finance, which it promotes. One collects premiums and invests them, while the other lends for homes.

Rising insurance penetration and home ownership support both businesses. Companies with strong brands, large asset bases and low valuations against book value are the ones investors compare in LIC Group stocks.

LIC Group Stocks at a Glance: Price, Market Cap, PE, ROE and Price to Book

Prices are closing prices as of 16 October 2026. LIC Housing Finance has the lowest PE of the group at 5.11, while LIC posts the highest return on equity at 32.53%.

Stock	CMP (Rs)	Market Cap (Rs Cr)	PE	Industry PE	ROE	Price to Book	52-Week Range (Rs)
Life Insurance Corporation of India	397.75	4,98,410	8.30	10.47	32.53%	2.81	360.75 to 468.48
LIC Housing Finance	521	29,318	5.11	17.68	13.53%	0.71	458.90 to 598.20

LIC: 93.19% Profit CAGR Since FY22

LIC is India's largest life insurer and one of the biggest institutional investors in the stock market, with a vast agent network across the country. It reported FY26 revenue of Rs 9,90,211.25 crore, up 10.23% year on year, and net profit of Rs 57,453.15 crore, up 18.90%. Net profit has compounded at 93.19% a year since FY22, while revenue has grown 7.96% a year. Operating margin was 5.51% in FY26. The debt-to-equity ratio is 0.00, which keeps interest costs low.

In the June 2026 quarter, revenue rose 6.97% to Rs 2,41,166.45 crore and net profit grew 23.98% to Rs 13,584.25 crore. Domestic institutions raised their holding from 1.36% in September 2025 to 6.17% in September 2026. The stock trades at a PE of 8.30 against an industry PE of 10.47, below the sector average, with a return on equity of 32.53%.

LIC Housing Finance: 25.13% Profit CAGR Since FY22

LIC Housing Finance is a housing finance company promoted by Life Insurance Corporation of India that offers home loans and loans against property. It reported FY26 total income of Rs 28,843.49 crore, up 2.64% year on year, and net profit of Rs 5,604.24 crore, up 2.97%. Net profit has compounded at 25.13% a year since FY22, while total income has grown 9.58% a year.

The stock trades at a PE of 5.11 against an industry PE of 17.68, below the sector average, with a return on equity of 13.53%. The dividend yield is 1.88%. Net profit for the June 2026 quarter grew 9.90% to Rs 1,499.03 crore.

LIC Group Stocks: Financial Comparison on Growth and Margins

The table compares scale and growth across these LIC Group 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
LIC	9,90,211.25	57,453.15	10.23%	7.96%	93.19%
LIC Housing Finance	28,843.49	5,604.24	2.64%	9.58%	25.13%

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Institutional Holding in LIC and LIC Housing Finance

Institutional holding shows who is backing these LIC and LIC Housing Finance shares alongside the promoter. The table uses the latest reported quarter for each. LIC Housing Finance has the deepest institutional backing, with FII and DII together holding 40.57% as of September 2026. Domestic institutions increased their holding over the past year in LIC (from 1.36% to 6.17%).

Stock	Promoter	FII	DII	Public	Quarter
LIC	90.00%	1.55%	6.17%	2.28%	September 2026
LIC Housing Finance	45.24%	18.93%	21.64%	14.19%	September 2026

Risks to Weigh in LIC Group Stocks

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

• Insurance earnings depend on markets and premium growth.
• Housing finance depends on interest rates.
• Valuation: A low PE can also reflect slower growth, so compare each PE with the growth rate instead of reading it alone.
• Concentration: Holding both names puts the allocation in one sector, so size each position to match your risk appetite.

How to Choose Between LIC Group Stocks

Picking from LIC Group 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 (10.47 to 17.68) and ask whether the growth rate justifies any gap.
3. Track premium or loan growth, net profit growth and the dividend payout in every result.
4. Stagger entries across quarters and review institutional holding every reporting season.

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Conclusion

Among LIC Group stocks, LIC stands out for the highest return on equity at 32.53% and LIC Housing Finance for the lowest PE of the group at 5.11. 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 Group 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 Group Stocks to Watch

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

Ans. LIC and LIC Housing Finance are the 2 names this list highlights, with market caps of Rs 4,98,410 crore and Rs 29,318 crore respectively. LIC is notable for the highest return on equity at 32.53%. LIC Housing Finance stands out for the lowest PE of the group at 5.11. These are watchlist names for LIC Group stocks, not recommendations, so match each one to your own risk profile and time horizon.

Is LIC a good stock for long-term investors?

Ans. LIC has a return on equity of 32.53%, a PE of 8.30 against an industry PE of 10.47 and a market cap of Rs 4,98,410 crore. Net profit has compounded at 93.19% a year since FY22, and FY26 revenue rose 10.23% while June 2026 quarter net profit grew 23.98%. Long-term returns in LIC Group stocks depend on earnings growth and the price paid at entry, so staggering purchases and consulting a SEBI-registered advisor is sensible.

Can LIC Housing Finance become a multibagger from here?

Ans. LIC Housing Finance has a market cap of Rs 29,318 crore. A multibagger outcome in LIC and LIC Housing Finance shares requires earnings to keep growing faster than the market for several years. Net profit has compounded at 25.13% a year since FY22, and FY26 revenue rose 2.64%. At a PE of 5.11 against an industry PE of 17.68, valuation should be checked against that growth before investing.

What is the market cap of LIC and LIC Housing Finance?

Ans. As of 16 October 2026, LIC has a market cap of Rs 4,98,410 crore and LIC Housing Finance has a market cap of Rs 29,318 crore. LIC is the largest of the group. 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 Group stocks.

What are the risks of investing in LIC Group stocks?

Ans. The main risks are market swings that affect investment income, interest rate changes and competition. Companies with strong brands and large customer bases handle these better. Comparing each PE with growth gives a fuller picture than the PE alone.

Is LIC Housing Finance trading below its industry PE?

Ans. LIC Housing Finance trades at a PE of 5.11 against an industry PE of 17.68. A lower PE means investors pay less for each rupee of earnings, but it should be read with growth (net profit has compounded at 25.13% a year since FY22 and FY26 revenue rose 2.64%) and balance sheet strength before drawing a conclusion.

How much do institutions hold in LIC and LIC Housing Finance?

Ans. As of the latest reported quarter, FII and DII together hold 7.72% of LIC (1.55% and 6.17%) and 40.57% of LIC Housing Finance (18.93% and 21.64%). Rising institutional holding is a useful signal in LIC Group stocks, though it should be read with earnings trends rather than on its own.