4 Midcap Axis Mutual Fund Stocks to Watch for Future Multibagger Potential: Apar Industries, Phoenix Mills, Fortis Healthcare and Sona BLW

Axis mutual fund stocks to watch for multibagger potential start with a simple filter: size, a clean financial record and earnings that keep growing. Apar Industries, Phoenix Mills, Fortis Healthcare and Sona BLW meet that test, with market caps from Rs 57,251 crore to Rs 78,677 crore and Apar Industries offering the highest return on equity at 18.11%. Each of these companies has a market capitalisation between Rs 30,000 crore and Rs 1,00,000 crore and Axis Mutual Fund or one of its schemes listed among its top domestic institutional holders, a return on equity of at least 10 per cent and profit growth in FY26 and in the latest quarter, and net profit rose in FY26 and in the latest quarter.

This list covers companies with a market capitalisation between Rs 30,000 crore and Rs 1,00,000 crore and Axis Mutual Fund or one of its schemes listed among its top domestic institutional holders, a return on equity of at least 10 per cent and profit growth in FY26 and in the latest quarter, rising profit in FY26 and the latest quarter, and complete, verifiable financials, ranked by market capitalisation. Each company has a market cap between Rs 30,000 crore and Rs 1 lakh crore. Investors screening Axis mutual fund stocks usually begin with size and balance sheet strength, and this list follows the same logic. All figures are as of 28 October 2026 and are drawn from NSE and BSE data and company filings.

Click Here – Get Free Investment Predictions

What Are Axis Mutual Fund Stocks and Why Do They Attract Multibagger Interest?

Axis mutual fund stocks are shares of mid sized companies in which Axis Mutual Fund or one of its schemes is named among the top domestic institutional holders in the latest shareholding pattern. The four here cover conductors and cables, malls and real estate, hospitals and auto components.

When a respected fund house like Axis Mutual Fund holds a large stake, it shows that its research teams have studied the business closely and backed it with investors money. For Axis mutual fund stocks, both FY26 and the latest quarter showed growth. Whichever way you read Axis mutual fund stocks, the common thread is rising profit backed by complete financial data. With Axis mutual fund stocks, comparing valuation, growth and balance sheet strength together works better than relying on one number. Every company in the table below passed a rising-profit check, and the figures for Axis mutual fund stocks are complete. Read each company's latest results and exchange filings before acting on Axis mutual fund stocks.

Axis Mutual Fund Stocks at a Glance: Price, Market Cap, PE and ROE

Prices are closing prices as of 28 October 2026. Phoenix Mills has the lowest PE of the group at 42.19, while Apar Industries posts the highest return on equity at 18.11%.

Stock	CMP (Rs)	Market Cap (Rs Cr)	PE	Industry PE	ROE	Debt to Equity	52-Week Range (Rs)
Apar Industries	15,419	78,677	66.59	46.39	18.11%	0.18	6,801.00 to 19,265.00
Phoenix Mills	1,899.30	68,784	42.19	31.56	11.14%	0.48	1,465.60 to 2,169.80
Fortis Healthcare	759.50	57,814	54.01	60.75	10.53%	0.35	565.00 to 759.50
Sona BLW Precision Forgings	879.45	57,251	83.46	37.33	10.70%	0.07	434.40 to 879.45

Apar Industries: 39.67% Profit CAGR Since FY22

Apar Industries makes conductors, specialty cables and transformer oils, and earns a large share of revenue from exports. It reported FY26 revenue of Rs 22,966.89 crore, up 22.95% year on year, and net profit of Rs 976.93 crore, up 18.95%. Net profit has compounded at 39.67% a year since FY22, while revenue has grown 25.19% a year. Operating margin was 8.49% in FY26. The debt-to-equity ratio is 0.18.

In the June 2026 quarter, revenue rose 29.16% to Rs 6,624.71 crore and net profit grew 77.80% to Rs 467.45 crore. The share price has gained 2287.98% over five years and 102.57% over the past year. Domestic institutions raised their holding from 22.64% in September 2025 to 24.88% in August 2026. The stock trades at a PE of 66.59 against an industry PE of 46.39, with a return on equity of 18.11%.

Phoenix Mills: 58.28% Profit CAGR Since FY22

Phoenix Mills owns and runs large retail malls across India under the Phoenix Marketcity and Palladium brands, along with offices, hotels and residences. It reported FY26 revenue of Rs 4,593.55 crore, up 15.87% year on year, and net profit of Rs 1,556.61 crore, up 19.60%. Net profit has compounded at 58.28% a year since FY22, while revenue has grown 31.04% a year. Operating margin was 62.83% in FY26. The debt-to-equity ratio is 0.48.

The stock trades at a PE of 42.19 against an industry PE of 31.56. In the June 2026 quarter, revenue rose 13.27% to Rs 1,115.15 crore and net profit grew 23.02% to Rs 393.55 crore. The share price has gained 303.49% over five years and 11.92% over the past year. Domestic institutions raised their holding from 15.47% in September 2025 to 17.31% in September 2026.

Fortis Healthcare: Five-Year Gain of 241.47%

Fortis Healthcare operates a chain of hospitals and diagnostic centres across India. It reported FY26 revenue of Rs 9,178.50 crore, up 16.93% year on year, and net profit of Rs 1,064.19 crore, up 31.48%. Net profit has compounded at 7.73% a year since FY22, while revenue has grown 12.43% a year. Operating margin was 22.41% in FY26. The debt-to-equity ratio is 0.35.

In the June 2026 quarter, revenue rose 17.29% to Rs 2,559.50 crore and net profit grew 2.26% to Rs 272.80 crore. The share price has gained 241.47% over five years. Domestic institutions raised their holding from 29.79% in June 2025 to 32.23% in June 2026. The stock trades at a PE of 54.01 against an industry PE of 60.75, below the sector average.

Sona BLW: Revenue Up 24.19% in FY26

Sona BLW makes differential gears, motors and drive systems for electric and conventional vehicles for customers around the world. It reported FY26 revenue of Rs 4,572.11 crore, up 24.19% year on year, and net profit of Rs 629.19 crore, up 4.92%. Net profit has compounded at 14.86% a year since FY22, while revenue has grown 20.75% a year. Operating margin was 25.91% in FY26. The debt-to-equity ratio is 0.07, which keeps interest costs low.

The stock trades at a PE of 83.46 against an industry PE of 37.33. In the June 2026 quarter, revenue rose 49.27% to Rs 1,336.07 crore and net profit grew 46.67% to Rs 178.51 crore. The share price is up 70.74% over the past year. Domestic institutions raised their holding from 34.59% in June 2025 to 41.61% in June 2026.

Axis Mutual Fund Stocks: Financial Comparison on Growth and Margins

The table compares scale and growth across these Axis mutual fund 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	Operating Margin (Latest Quarter)
Apar Industries	22,966.89	976.93	22.95%	25.19%	39.67%	12.05%
Phoenix Mills	4,593.55	1,556.61	15.87%	31.04%	58.28%	63.42%
Fortis Healthcare	9,178.50	1,064.19	16.93%	12.43%	7.73%	22.22%
Sona BLW	4,572.11	629.19	24.19%	20.75%	14.86%	25.23%

Check the Univest Screener for live data on these Axis mutual fund stocks

Institutional Holding in Apar Industries, Phoenix Mills, Fortis Healthcare and Sona BLW

Institutional holding shows who is backing these Axis mutual fund stocks alongside the promoter. The table uses the latest reported quarter for each. Sona BLW has the deepest institutional backing, with FII and DII together holding 65.22% as of June 2026. Domestic institutions increased their holding over the past year in Apar Industries (from 22.64% to 24.88%), Phoenix Mills (from 15.47% to 17.31%), Fortis Healthcare (from 29.79% to 32.23%) and Sona BLW (from 34.59% to 41.61%).

Stock	Promoter	FII	DII	Public	Quarter
Apar Industries	55.42%	11.36%	24.88%	8.34%	August 2026
Phoenix Mills	47.24%	31.62%	17.31%	3.83%	September 2026
Fortis Healthcare	31.17%	25.20%	32.23%	11.40%	June 2026
Sona BLW	28.01%	23.61%	41.61%	6.77%	June 2026

Risks to Weigh in Axis Mutual Fund Stocks

Being careful with Axis mutual fund 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: Sona BLW trades at a PE of 83.46 against an industry PE of 37.33, 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 Axis Mutual Fund Stocks

Picking from Axis mutual fund 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 (31.56 to 60.75) 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.

Download the Univest iOS App or Univest Android App to track Apar Industries, Phoenix Mills, Fortis Healthcare and Sona BLW live prices.

Conclusion

Among Axis mutual fund stocks, Apar Industries stands out for the highest return on equity at 18.11%, Phoenix Mills for the fastest profit growth, 58.28% a year since FY22, Fortis Healthcare for 16.93% revenue growth in FY26 and Sona BLW for a nearly debt-free balance sheet, with a debt-to-equity ratio of 0.07. 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 Axis mutual fund 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 Axis Mutual Fund Stocks to Watch

Which are the best Axis mutual fund stocks to watch for multibagger potential?

Ans. Apar Industries, Phoenix Mills, Fortis Healthcare and Sona BLW are the 4 names this list highlights, with market caps of Rs 78,677 crore, Rs 68,784 crore, Rs 57,814 crore and Rs 57,251 crore respectively. Apar Industries is notable for the highest return on equity at 18.11%. Phoenix Mills stands out for the fastest profit growth, 58.28% a year since FY22. Fortis Healthcare offers 16.93% revenue growth in FY26. Sona BLW brings a nearly debt-free balance sheet, with a debt-to-equity ratio of 0.07. These are watchlist names for Axis mutual fund stocks, not recommendations, so match each one to your own risk profile and time horizon.

Is Apar Industries a good stock for long-term investors?

Ans. Apar Industries has a return on equity of 18.11%, a PE of 66.59 against an industry PE of 46.39 and a market cap of Rs 78,677 crore. Net profit has compounded at 39.67% a year since FY22, and FY26 revenue rose 22.95% while June 2026 quarter net profit grew 77.80%. Long-term returns in Axis mutual fund stocks depend on earnings growth and the price paid at entry, so staggering purchases and consulting a SEBI-registered advisor is sensible.

Can Phoenix Mills become a multibagger from here?

Ans. Phoenix Mills has already gained 303.49% in five years, so another multi-fold move would need sustained earnings growth. A multibagger outcome in Axis mutual fund stocks requires earnings to keep growing faster than the market for several years. Net profit has compounded at 58.28% a year since FY22, and FY26 revenue rose 15.87%. At a PE of 42.19 against an industry PE of 31.56, valuation should be checked against that growth before investing.

What is the market cap of Apar Industries, Phoenix Mills, Fortis Healthcare and Sona BLW?

Ans. As of 28 October 2026, Apar Industries has a market cap of Rs 78,677 crore, Phoenix Mills has a market cap of Rs 68,784 crore, Fortis Healthcare has a market cap of Rs 57,814 crore and Sona BLW has a market cap of Rs 57,251 crore. All of them qualify as midcaps. 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 Axis mutual fund stocks.

What are the risks of investing in Axis mutual fund 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. Sona BLW trades at a PE of 83.46 against an industry PE of 37.33, so earnings growth needs to hold up.

Why is Sona BLW trading at a PE of 83.46?

Ans. Sona BLW's PE of 83.46 compares with an industry PE of 37.33. The market is paying a premium for profit growth of 14.86% a year since FY22, latest-quarter profit growth of 46.67% and FY26 revenue growth of 24.19%, which also means the stock is more sensitive if growth slows. Investors in Axis mutual fund 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 Apar Industries, Phoenix Mills, Fortis Healthcare and Sona BLW?

Ans. As of the latest reported quarter, FII and DII together hold 36.24% of Apar Industries (11.36% and 24.88%), 48.93% of Phoenix Mills (31.62% and 17.31%), 57.43% of Fortis Healthcare (25.20% and 32.23%) and 65.22% of Sona BLW (23.61% and 41.61%). Rising institutional holding is a useful signal in Axis mutual fund stocks, though it should be read with earnings trends rather than on its own.