4 Midcap Book Value Per Share Above Rs 500 Stocks to Watch for Future Multibagger Potential: Coforge, Apar Industries, LTTS and KEI Industries

Book value per share above Rs 500 stocks to watch for multibagger potential start with a simple filter: size, a clean financial record and earnings that keep growing. Coforge, Apar Industries, LTTS and KEI Industries meet that test, with market caps from Rs 38,351 crore to Rs 88,801 crore and Coforge offering the largest market cap at Rs 88,801 crore. Each of these companies has a market capitalisation between Rs 30,000 crore and Rs 1,00,000 crore and a book value per share of at least Rs 500, worked out as the share price divided by the price to book ratio, 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 a book value per share of at least Rs 500, worked out as the share price divided by the price to book ratio, 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 book value per share above Rs 500 stocks usually begin with size and balance sheet strength, and this list follows the same logic. All figures are as of 29 October 2026 and are drawn from NSE and BSE data and company filings.

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What Are Book Value Per Share Above Rs 500 Stocks and Why Do They Attract Multibagger Interest?

Book value per share above Rs 500 stocks are shares of mid sized companies whose net worth works out to Rs 500 or more for every share, which shows a deep base of assets and reserves standing behind each share. The four here cover IT services, conductors, cables and engineering services.

A large book value per share means that shareholders own a big slice of the company's net worth with every share, and rising profit adds to that base each year. Within book value per share above Rs 500 stocks, the four companies show rising profit. For book value per share above Rs 500 stocks, both FY26 and the latest quarter showed growth. Whichever way you read book value per share above Rs 500 stocks, the common thread is rising profit backed by complete financial data. A sensible way to study book value per share above Rs 500 stocks is to look at profit growth, returns and valuation side by side. Below, each of book value per share above Rs 500 stocks gets its own breakdown of growth, returns and valuation. Treat book value per share above Rs 500 stocks as a research list, since share prices and rankings change with every earnings season.

Book Value Per Share Above Rs 500 Stocks at a Glance: Price, Market Cap, PE and ROE

Prices are closing prices as of 29 October 2026. LTTS combines the lowest PE of the group, 33.54, with the highest return on equity, 19.76%.

Stock	CMP (Rs)	Market Cap (Rs Cr)	PE	Industry PE	ROE	Debt to Equity	52-Week Range (Rs)
Coforge	1,962	88,801	46.24	17.66	16.31%	0.08	1,008.10 to 2,021.20
Apar Industries	15,846	80,856	68.43	46.39	18.11%	0.18	6,801.00 to 19,265.00
L&T Technology Services	4,182.60	44,343	33.54	17.66	19.76%	0.09	3,010.00 to 4,726.00
KEI Industries	3,830.80	38,351	38.47	49.96	13.78%	0.04	3,725.00 to 5,899.00

Coforge: 23.72% Profit CAGR Since FY22

Coforge is an IT services company serving clients in travel, banking, insurance and other industries. It reported FY26 revenue of Rs 16,475.90 crore, up 34.63% year on year, and net profit of Rs 1,674.50 crore, up 73.79%. Net profit has compounded at 23.72% a year since FY22, while revenue has grown 26.26% a year. Operating margin was 17.40% in FY26. The debt-to-equity ratio is 0.08, which keeps interest costs low.

In the June 2026 quarter, revenue rose 49.19% to Rs 5,554.50 crore and net profit grew 49.19% to Rs 531.70 crore. The share price has gained 73.24% over five years and 10.25% over the past year. The stock trades at a PE of 46.24 against an industry PE of 17.66, with a return on equity of 16.31%.

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.

The stock trades at a PE of 68.43 against an industry PE of 46.39, with a return on equity of 18.11%. 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.

LTTS: Debt-to-Equity of 0.09

L&T Technology Services provides engineering and R&D services for global customers in mobility, sustainability and tech industries. It reported FY26 revenue of Rs 11,217.10 crore, up 13.86% year on year, and net profit of Rs 1,230 crore, up 3.37%. Net profit has compounded at 6.38% a year since FY22, while revenue has grown 13.66% a year. Operating margin was 19.42% in FY26. The debt-to-equity ratio is 0.09, which keeps interest costs low.

In the June 2026 quarter, revenue rose 9.79% to Rs 2,969.20 crore and net profit grew 12.97% to Rs 357.10 crore. Promoters hold 73.53%, which keeps ownership stable. The stock trades at a PE of 33.54 against an industry PE of 17.66, with a return on equity of 19.76%.

KEI Industries: 25.01% Profit CAGR Since FY22

KEI Industries makes power, control and instrumentation cables, including extra-high-voltage cables, and house wires. It reported FY26 revenue of Rs 11,906.32 crore, up 21.40% year on year, and net profit of Rs 918.43 crore, up 31.88%. Net profit has compounded at 25.01% a year since FY22, while revenue has grown 20.00% a year. Operating margin was 11.81% in FY26. The debt-to-equity ratio is 0.04, which keeps interest costs low.

The stock trades at a PE of 38.47 against an industry PE of 49.96, below the sector average, with a return on equity of 13.78%. In the June 2026 quarter, revenue rose 21.86% to Rs 3,204.91 crore and net profit grew 40.05% to Rs 274.14 crore. The share price has gained 360.93% over five years. Foreign investors raised their holding from 26.59% in June 2025 to 27.32% in June 2026.

Book Value Per Share Above Rs 500 Stocks: Financial Comparison on Growth and Margins

The table compares scale and growth across these book value per share above Rs 500 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)
Coforge	16,475.90	1,674.50	34.63%	26.26%	23.72%	18.63%
Apar Industries	22,966.89	976.93	22.95%	25.19%	39.67%	12.05%
LTTS	11,217.10	1,230	13.86%	13.66%	6.38%	19.80%
KEI Industries	11,906.32	918.43	21.40%	20.00%	25.01%	13.04%

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Institutional Holding in Coforge, Apar Industries, LTTS and KEI Industries

Institutional holding shows who is backing these book value per share above Rs 500 stocks alongside the promoter. The table uses the latest reported quarter for each. Coforge has the deepest institutional backing, with FII and DII together holding 66.93% as of June 2026. Domestic institutions increased their holding over the past year in Apar Industries (from 22.64% to 24.88%).

Stock	Promoter	FII	DII	Public	Quarter
Coforge	Nil	24.31%	42.62%	33.07%	June 2026
Apar Industries	55.42%	11.36%	24.88%	8.34%	August 2026
LTTS	73.53%	4.12%	14.05%	8.30%	June 2026
KEI Industries	35.00%	27.32%	25.90%	11.78%	June 2026

Risks to Weigh in Book Value Per Share Above Rs 500 Stocks

Being careful with book value per share above Rs 500 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: Coforge trades at a PE of 46.24 against an industry PE of 17.66, 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 Book Value Per Share Above Rs 500 Stocks

Picking from book value per share above Rs 500 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 (17.66 to 49.96) 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 book value per share above Rs 500 stocks, Coforge stands out for the largest market cap at Rs 88,801 crore, Apar Industries for the fastest profit growth, 39.67% a year since FY22, LTTS for the highest return on equity at 19.76% and KEI Industries for a nearly debt-free balance sheet, with a debt-to-equity ratio of 0.04. 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 book value per share above Rs 500 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 Book Value Per Share Above Rs 500 Stocks to Watch

Which are the best book value per share above Rs 500 stocks to watch for multibagger potential?

Ans. Coforge, Apar Industries, LTTS and KEI Industries are the 4 names this list highlights, with market caps of Rs 88,801 crore, Rs 80,856 crore, Rs 44,343 crore and Rs 38,351 crore respectively. Coforge is notable for the largest market cap at Rs 88,801 crore. Apar Industries stands out for the fastest profit growth, 39.67% a year since FY22. LTTS offers the highest return on equity at 19.76%. KEI Industries brings a nearly debt-free balance sheet, with a debt-to-equity ratio of 0.04. These are watchlist names for book value per share above Rs 500 stocks, not recommendations, so match each one to your own risk profile and time horizon.

Is LTTS a good stock for long-term investors?

Ans. LTTS has a return on equity of 19.76%, a PE of 33.54 against an industry PE of 17.66 and a market cap of Rs 44,343 crore. Net profit has compounded at 6.38% a year since FY22, and FY26 revenue rose 13.86% while June 2026 quarter net profit grew 12.97%. Long-term returns in book value per share above Rs 500 stocks depend on earnings growth and the price paid at entry, so staggering purchases and consulting a SEBI-registered advisor is sensible.

Can Apar Industries become a multibagger from here?

Ans. Apar Industries has already gained 2287.98% in five years, so another multi-fold move would need sustained earnings growth. A multibagger outcome in book value per share above Rs 500 stocks requires earnings to keep growing faster than the market for several years. Net profit has compounded at 39.67% a year since FY22, and FY26 revenue rose 22.95%. At a PE of 68.43 against an industry PE of 46.39, valuation should be checked against that growth before investing.

What is the market cap of Coforge, Apar Industries, LTTS and KEI Industries?

Ans. As of 29 October 2026, Coforge has a market cap of Rs 88,801 crore, Apar Industries has a market cap of Rs 80,856 crore, LTTS has a market cap of Rs 44,343 crore and KEI Industries has a market cap of Rs 38,351 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 book value per share above Rs 500 stocks.

What are the risks of investing in book value per share above Rs 500 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. Coforge trades at a PE of 46.24 against an industry PE of 17.66, so earnings growth needs to hold up.

Why is Coforge trading at a PE of 46.24?

Ans. Coforge's PE of 46.24 compares with an industry PE of 17.66. The market is paying a premium for a return on equity of 16.31%, profit growth of 23.72% a year since FY22 and latest-quarter profit growth of 49.19%, which also means the stock is more sensitive if growth slows. Investors in book value per share above Rs 500 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 Coforge, Apar Industries, LTTS and KEI Industries?

Ans. As of the latest reported quarter, FII and DII together hold 66.93% of Coforge (24.31% and 42.62%), 36.24% of Apar Industries (11.36% and 24.88%), 18.17% of LTTS (4.12% and 14.05%) and 53.22% of KEI Industries (27.32% and 25.90%). Rising institutional holding is a useful signal in book value per share above Rs 500 stocks, though it should be read with earnings trends rather than on its own.