4 Top Low PE Stocks With 10-30 Per Cent One-Year Return to Watch for Future Multibagger Potential: Union Bank, Indian Bank, SAIL and IIFL Finance

Low PE stocks with 10-30 per cent one-year return to watch for multibagger potential start with a simple filter: size, a clean financial record and earnings that keep growing. Union Bank, Indian Bank, SAIL and IIFL Finance meet that test, with market caps from Rs 25,545 crore to Rs 1.32 lakh crore and Union Bank offering the fastest profit growth, 37.80% a year since FY22. Each of these companies has a PE ratio below 20 and a one-year price return between 10 and 30 per cent, and net profit rose in FY26 and in the latest quarter.

This list covers companies with a PE ratio below 20 and a one-year price return between 10 and 30 per cent, rising profit in FY26 and the latest quarter, and complete, verifiable financials, ranked by market capitalisation. The companies here range from midcaps to largecaps in size. Investors screening low PE stocks with 10-30 per cent one-year return 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 Low PE Stocks With 10-30 Per Cent One-Year Return and Why Do They Attract Multibagger Interest?

Low PE stocks with 10-30 per cent one-year return are shares that trade at modest multiples of earnings and have started to reward investors. The four here cover two banks, steel and finance.

Value stocks that begin to move often do so on earnings growth. For low PE stocks with 10-30 per cent one-year return, FY26 profit also rose. Whichever way you read low PE stocks with 10-30 per cent one-year return, the common thread is rising profit backed by complete financial data. For low PE stocks with 10-30 per cent one-year return, checking each result against the latest quarter matters more than any single ratio. The next sections explain what stands out in each of low PE stocks with 10-30 per cent one-year return, using FY26 and latest quarter data. Prices move daily, so recheck the figures for low PE stocks with 10-30 per cent one-year return before you decide.

Low PE Stocks With 10-30 Per Cent One-Year Return at a Glance: Price, Market Cap, PE, ROE and Price to Book

Prices are closing prices as of 20 October 2026. Union Bank has the lowest PE of the group at 6.39, while Indian Bank posts the highest return on equity at 16.02%.

Stock	CMP (Rs)	Market Cap (Rs Cr)	PE	Industry PE	ROE	Price to Book	52-Week Range (Rs)
Union Bank of India	180.70	1,31,832	6.39	12.02	15.57%	0.99	135.80 to 205.49
Indian Bank	856.85	1,12,680	8.52	12.02	16.02%	1.41	756.50 to 1,000.90
Steel Authority of India	168.97	70,054	16.40	22.42	6.35%	1.16	124.00 to 209.70
IIFL Finance	612.50	25,545	11.32	17.68	11.93%	1.84	409.10 to 705.00

Union Bank: 37.80% Profit CAGR Since FY22

Union Bank of India is a large government-owned bank that serves retail, MSME and corporate customers across India. It reported FY26 total income of Rs 1,28,399.52 crore, up 0.19% year on year, and net profit of Rs 18,780.63 crore, up 4.80%. Net profit has compounded at 37.80% a year since FY22, while total income has grown 11.95% a year.

In the June 2026 quarter, total income rose 2.17% to Rs 32,660.24 crore and net profit grew 29.77% to Rs 5,368.17 crore. The share price has gained 249.43% over five years and 23.10% over the past year. Foreign investors raised their holding from 7.70% in June 2025 to 8.63% in June 2026. The stock trades at a PE of 6.39 against an industry PE of 12.02, below the sector average, with a return on equity of 15.57%. The dividend yield is 2.90%.

Indian Bank: 32.28% Profit CAGR Since FY22

Indian Bank is a government-owned bank with a strong presence in South India and a growing national network. It reported FY26 total income of Rs 78,332.70 crore, up 8.72% year on year, and net profit of Rs 12,226.99 crore, up 11.21%. Net profit has compounded at 32.28% a year since FY22, while total income has grown 14.07% a year.

The stock trades at a PE of 8.52 against an industry PE of 12.02, below the sector average, with a return on equity of 16.02%. The dividend yield is 2.18%. In the September 2026 quarter, total income rose 21.09% to Rs 23,335.98 crore and net profit grew 13.36% to Rs 3,446.86 crore. The share price has gained 396.82% over five years and 10.47% over the past year. Foreign investors raised their holding from 4.68% in September 2025 to 6.86% in September 2026.

SAIL: Quarterly Profit Up 120.80%

Steel Authority of India is a government-owned steel maker with integrated plants at Bhilai, Bokaro, Durgapur, Rourkela and Burnpur. It reported FY26 revenue of Rs 1,11,705.02 crore, up 8.08% year on year, and net profit of Rs 3,372.80 crore, up 42.20%. Operating margin was 12.13% in FY26.

In the June 2026 quarter, revenue rose 1.41% to Rs 26,451.21 crore and net profit grew 120.80% to Rs 1,644.05 crore. The share price is up 29.40% over the past year. Foreign investors raised their holding from 3.65% in June 2025 to 7.09% in June 2026. The stock trades at a PE of 16.40 against an industry PE of 22.42, below the sector average.

IIFL Finance: Revenue Up 30.64% in FY26

IIFL Finance is a diversified NBFC with a large gold loan, home loan and microfinance portfolio. It reported FY26 total income of Rs 13,373.83 crore, up 30.64% year on year, and net profit of Rs 1,816.70 crore, up 214.22%. Net profit has compounded at 11.20% a year since FY22, while total income has grown 17.47% a year.

The stock trades at a PE of 11.32 against an industry PE of 17.68, below the sector average. In the September 2026 quarter, total income rose 28.38% to Rs 4,248.21 crore and net profit grew 92.61% to Rs 805.01 crore. The share price has gained 115.01% over five years and 23.21% over the past year.

Low PE Stocks With 10-30 Per Cent One-Year Return: Financial Comparison on Growth and Margins

The table compares scale and growth across these low PE stocks with 10-30 per cent one-year return. 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
Union Bank	1,28,399.52	18,780.63	0.19%	11.95%	2.17%
Indian Bank	78,332.70	12,226.99	8.72%	14.07%	21.09%
SAIL	1,11,705.02	3,372.80	8.08%	1.72%	1.41%
IIFL Finance	13,373.83	1,816.70	30.64%	17.47%	28.38%

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Institutional Holding in Union Bank, Indian Bank, SAIL and IIFL Finance

Institutional holding shows who is backing these low PE stocks with 10-30 per cent one-year return alongside the promoter. The table uses the latest reported quarter for each. IIFL Finance has the deepest institutional backing, with FII and DII together holding 33.49% as of September 2026.

Stock	Promoter	FII	DII	Public	Quarter
Union Bank	74.76%	8.63%	11.98%	4.63%	June 2026
Indian Bank	73.84%	6.86%	16.77%	2.53%	September 2026
SAIL	65.00%	7.09%	16.86%	11.05%	June 2026
IIFL Finance	24.76%	25.64%	7.85%	41.75%	September 2026

Risks to Weigh in Low PE Stocks With 10-30 Per Cent One-Year Return

Being careful with low PE stocks with 10-30 per cent one-year return 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: A low PE can also reflect slower growth, so compare each PE with the growth rate instead of reading it alone.
• Concentration: Holding all 4 names puts the allocation in one sector, so size each position to match your risk appetite.

How to Choose Between Low PE Stocks With 10-30 Per Cent One-Year Return

Picking from low PE stocks with 10-30 per cent one-year return 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 (12.02 to 22.42) 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 low PE stocks with 10-30 per cent one-year return, Union Bank stands out for the fastest profit growth, 37.80% a year since FY22, Indian Bank for the highest return on equity at 16.02%, SAIL for the strongest latest-quarter profit growth at 120.80% and IIFL Finance for 30.64% revenue growth in FY26. 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 low PE stocks with 10-30 per cent one-year return 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 Low PE Stocks With 10-30 Per Cent One-Year Return to Watch

Which are the best low PE stocks with 10-30 per cent one-year return to watch for multibagger potential?

Ans. Union Bank, Indian Bank, SAIL and IIFL Finance are the 4 names this list highlights, with market caps of Rs 1,31,832 crore, Rs 1,12,680 crore, Rs 70,054 crore and Rs 25,545 crore respectively. Union Bank is notable for the fastest profit growth, 37.80% a year since FY22. Indian Bank stands out for the highest return on equity at 16.02%. SAIL offers the strongest latest-quarter profit growth at 120.80%. IIFL Finance brings 30.64% revenue growth in FY26. These are watchlist names for low PE stocks with 10-30 per cent one-year return, not recommendations, so match each one to your own risk profile and time horizon.

Is Indian Bank a good stock for long-term investors?

Ans. Indian Bank has a return on equity of 16.02%, a PE of 8.52 against an industry PE of 12.02 and a market cap of Rs 1,12,680 crore. Net profit has compounded at 32.28% a year since FY22, and FY26 revenue rose 8.72% while September 2026 quarter net profit grew 13.36%. Long-term returns in low PE stocks with 10-30 per cent one-year return depend on earnings growth and the price paid at entry, so staggering purchases and consulting a SEBI-registered advisor is sensible.

Can Union Bank become a multibagger from here?

Ans. Union Bank has already gained 249.43% in five years, so another multi-fold move would need sustained earnings growth. A multibagger outcome in low PE stocks with 10-30 per cent one-year return requires earnings to keep growing faster than the market for several years. Net profit has compounded at 37.80% a year since FY22, and FY26 revenue rose 0.19%. At a PE of 6.39 against an industry PE of 12.02, valuation should be checked against that growth before investing.

What is the market cap of Union Bank, Indian Bank, SAIL and IIFL Finance?

Ans. As of 20 October 2026, Union Bank has a market cap of Rs 1,31,832 crore, Indian Bank has a market cap of Rs 1,12,680 crore, SAIL has a market cap of Rs 70,054 crore and IIFL Finance has a market cap of Rs 25,545 crore. Union Bank 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 low PE stocks with 10-30 per cent one-year return.

What are the risks of investing in low PE stocks with 10-30 per cent one-year return?

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. Comparing each PE with growth gives a fuller picture than the PE alone.

Is Union Bank trading below its industry PE?

Ans. Union Bank trades at a PE of 6.39 against an industry PE of 12.02. A lower PE means investors pay less for each rupee of earnings, but it should be read with growth (net profit has compounded at 37.80% a year since FY22 and FY26 revenue rose 0.19%) and balance sheet strength before drawing a conclusion.

How much do institutions hold in Union Bank, Indian Bank, SAIL and IIFL Finance?

Ans. As of the latest reported quarter, FII and DII together hold 20.61% of Union Bank (8.63% and 11.98%), 23.63% of Indian Bank (6.86% and 16.77%), 23.95% of SAIL (7.09% and 16.86%) and 33.49% of IIFL Finance (25.64% and 7.85%). Rising institutional holding is a useful signal in low PE stocks with 10-30 per cent one-year return, though it should be read with earnings trends rather than on its own.