4 Smallcap High ROE Stocks to Watch for Future Multibagger Potential: Force Motors, CAMS, Travel Food Services and Genus Power

High ROE stocks to watch for multibagger potential start with a simple filter: size, a clean financial record and earnings that keep growing. Force Motors, CAMS, Travel Food Services and Genus Power meet that test, with market caps from Rs 8,832 crore to Rs 23,126 crore and Force Motors offering the biggest five-year price gain at 1046.45%. Each of these companies has a market capitalisation below Rs 30,000 crore and a return on equity of at least 25 per cent, and net profit rose in FY26 and in the latest quarter.

This list covers companies with a market capitalisation below Rs 30,000 crore and a return on equity of at least 25 per cent, rising profit in FY26 and the latest quarter, and complete, verifiable financials, ranked by market capitalisation. Each company has a market cap below Rs 30,000 crore. Investors screening high ROE stocks usually begin with size and balance sheet strength, and this list follows the same logic. All figures are as of 23 October 2026 and are drawn from NSE and BSE data and company filings.

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What Are High ROE Stocks and Why Do They Attract Multibagger Interest?

High ROE stocks are shares of smaller companies that earn very high returns on shareholder money. The four here cover utility vehicles, mutual fund services, travel food services and smart meters.

Smaller companies with high returns can grow quickly without raising fresh capital. For high ROE stocks, both FY26 and the latest quarter showed growth. With high ROE 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 high ROE stocks are complete. Read each company's latest results and exchange filings before acting on high ROE stocks.

High ROE Stocks at a Glance: Price, Market Cap, PE and ROE

Prices are closing prices as of 23 October 2026. Genus Power has the lowest PE of the group at 13.55, while CAMS posts the highest return on equity at 36.04%.

Stock	CMP (Rs)	Market Cap (Rs Cr)	PE	Industry PE	ROE	Debt to Equity	52-Week Range (Rs)
Force Motors	16,400	23,126	18.47	23.62	25.19%	0.00	15,982.00 to 26,450.00
Computer Age Management Services	650	17,296	35.22	42.45	36.04%	0.05	611.40 to 844.90
Travel Food Services	1,157.80	15,810	32.52	59.28	30.57%	0.17	1,035.30 to 1,470.90
Genus Power Infrastructures	259.20	8,832	13.55	45.71	26.71%	1.04	210.40 to 363.00

Force Motors: Return on Equity of 25.19%

Force Motors makes commercial vehicles such as the Traveller and Gurkha and supplies engines and axles to other automakers. It reported FY26 revenue of Rs 9,167.51 crore, up 12.79% year on year, and net profit of Rs 1,211.75 crore, up 51.31%. Revenue has compounded at 29.18% a year since FY22. Operating margin was 17.59% in FY26. The debt-to-equity ratio is 0.00, which keeps interest costs low.

In the June 2026 quarter, revenue rose 6.71% to Rs 2,478.11 crore and net profit grew 22.81% to Rs 216.59 crore. The share price has gained 1046.45% over five years. Promoters hold 61.63%, which keeps ownership stable. The stock trades at a PE of 18.47 against an industry PE of 23.62, below the sector average, with a return on equity of 25.19%.

CAMS: Return on Equity of 36.04%

CAMS is the registrar and transfer agent for a large share of the Indian mutual fund industry. It reported FY26 revenue of Rs 1,567.42 crore, up 6.26% year on year, and net profit of Rs 472.02 crore, up 1.58%. Net profit has compounded at 13.25% a year since FY22, while revenue has grown 14.03% a year. Operating margin was 48.43% in FY26. The debt-to-equity ratio is 0.05, which keeps interest costs low.

The stock trades at a PE of 35.22 against an industry PE of 42.45, below the sector average, with a return on equity of 36.04%. The dividend yield is 1.79%. In the June 2026 quarter, revenue rose 12.06% to Rs 411.61 crore and net profit grew 17.64% to Rs 127.10 crore. Domestic institutions raised their holding from 17.31% in June 2025 to 23.54% in June 2026.

Travel Food Services: Return on Equity of 30.57%

Travel Food Services runs food and beverage outlets and lounges at airports and other travel locations. It reported FY26 revenue of Rs 1,742.64 crore and net profit of Rs 452.32 crore, up 19.14%. Revenue has compounded at 43.82% a year since FY22. Operating margin was 49.14% in FY26. The debt-to-equity ratio is 0.17.

In the June 2026 quarter, revenue rose 25.92% to Rs 498.38 crore and net profit grew 35.58% to Rs 128.75 crore. Domestic institutions raised their holding from 5.09% in July 2025 to 10.02% in June 2026. The stock trades at a PE of 32.52 against an industry PE of 59.28, below the sector average, with a return on equity of 30.57%.

Genus Power: 76.37% Profit CAGR Since FY22

Genus Power Infrastructures makes smart meters and metering solutions for power utilities. It reported FY26 revenue of Rs 4,821.22 crore, up 90.97% year on year, and net profit of Rs 564.95 crore, up 91.68%. Net profit has compounded at 76.37% a year since FY22, while revenue has grown 59.53% a year. Operating margin was 20.70% in FY26.

The stock trades at a PE of 13.55 against an industry PE of 45.71, below the sector average, with a return on equity of 26.71%. In the June 2026 quarter, revenue rose 45.98% to Rs 1,407.29 crore and net profit grew 35.55% to Rs 174.70 crore. The share price has gained 219.09% over five years.

High ROE Stocks: Financial Comparison on Growth and Margins

The table compares scale and growth across these high ROE 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)	4-Year Revenue CAGR	Latest Quarter Revenue Growth	Net Profit Growth (YoY)	Operating Margin (Latest Quarter)
Force Motors	9,167.51	1,211.75	29.18%	6.71%	51.31%	15.19%
CAMS	1,567.42	472.02	14.03%	12.06%	1.58%	50.40%
Travel Food Services	1,742.64	452.32	43.82%	25.92%	19.14%	48.57%
Genus Power	4,821.22	564.95	59.53%	45.98%	91.68%	22.14%

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Institutional Holding in Force Motors, CAMS, Travel Food Services and Genus Power

Institutional holding shows who is backing these high ROE stocks alongside the promoter. The table uses the latest reported quarter for each. CAMS has the deepest institutional backing, with FII and DII together holding 68.42% as of June 2026. Domestic institutions increased their holding over the past year in CAMS (from 17.31% to 23.54%) and Travel Food Services (from 5.09% to 10.02%).

Stock	Promoter	FII	DII	Public	Quarter
Force Motors	61.63%	9.52%	1.46%	27.39%	June 2026
CAMS	Nil	44.88%	23.54%	31.57%	June 2026
Travel Food Services	86.19%	1.64%	10.02%	2.14%	June 2026
Genus Power	39.34%	18.72%	3.05%	38.89%	June 2026

Risks to Weigh in High ROE Stocks

Being careful with high ROE 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: 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 High ROE Stocks

Picking from high ROE 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 (23.62 to 59.28) 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 high ROE stocks, Force Motors stands out for the biggest five-year price gain at 1046.45%, CAMS for the highest return on equity at 36.04%, Travel Food Services for the strongest latest-quarter profit growth at 35.58% and Genus Power for the fastest profit growth, 76.37% 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 high ROE 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 High ROE Stocks to Watch

Which are the best high ROE stocks to watch for multibagger potential?

Ans. Force Motors, CAMS, Travel Food Services and Genus Power are the 4 names this list highlights, with market caps of Rs 23,126 crore, Rs 17,296 crore, Rs 15,810 crore and Rs 8,832 crore respectively. Force Motors is notable for the biggest five-year price gain at 1046.45%. CAMS stands out for the highest return on equity at 36.04%. Travel Food Services offers the strongest latest-quarter profit growth at 35.58%. Genus Power brings the fastest profit growth, 76.37% a year since FY22. These are watchlist names for high ROE stocks, not recommendations, so match each one to your own risk profile and time horizon.

Is CAMS a good stock for long-term investors?

Ans. CAMS has a return on equity of 36.04%, a PE of 35.22 against an industry PE of 42.45 and a market cap of Rs 17,296 crore. Net profit has compounded at 13.25% a year since FY22, and FY26 revenue rose 6.26% while June 2026 quarter net profit grew 17.64%. Long-term returns in high ROE stocks depend on earnings growth and the price paid at entry, so staggering purchases and consulting a SEBI-registered advisor is sensible.

Can Genus Power become a multibagger from here?

Ans. Genus Power has already gained 219.09% in five years, so another multi-fold move would need sustained earnings growth. A multibagger outcome in high ROE stocks requires earnings to keep growing faster than the market for several years. Net profit has compounded at 76.37% a year since FY22, and FY26 revenue rose 90.97%. At a PE of 13.55 against an industry PE of 45.71, valuation should be checked against that growth before investing.

What is the market cap of Force Motors, CAMS, Travel Food Services and Genus Power?

Ans. As of 23 October 2026, Force Motors has a market cap of Rs 23,126 crore, CAMS has a market cap of Rs 17,296 crore, Travel Food Services has a market cap of Rs 15,810 crore and Genus Power has a market cap of Rs 8,832 crore. All of them qualify as smallcaps. 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 high ROE stocks.

What are the risks of investing in high ROE 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. Comparing each PE with growth gives a fuller picture than the PE alone.

Is Genus Power trading below its industry PE?

Ans. Genus Power trades at a PE of 13.55 against an industry PE of 45.71. A lower PE means investors pay less for each rupee of earnings, but it should be read with growth (net profit has compounded at 76.37% a year since FY22 and FY26 revenue rose 90.97%) and balance sheet strength before drawing a conclusion.

How much do institutions hold in Force Motors, CAMS, Travel Food Services and Genus Power?

Ans. As of the latest reported quarter, FII and DII together hold 10.98% of Force Motors (9.52% and 1.46%), 68.42% of CAMS (44.88% and 23.54%), 11.66% of Travel Food Services (1.64% and 10.02%) and 21.77% of Genus Power (18.72% and 3.05%). Rising institutional holding is a useful signal in high ROE stocks, though it should be read with earnings trends rather than on its own.