4 Smallcap LIC Portfolio Stocks to Watch for Future Multibagger Potential: Capri Global, CAMS, CESC and RITES

LIC portfolio stocks to watch for multibagger potential start with a simple filter: size, a clean financial record and earnings that keep growing. Capri Global, CAMS, CESC and RITES meet that test, with market caps from Rs 9,570 crore to Rs 23,283 crore and Capri Global offering the fastest profit growth, 46.68% a year since FY22. Each of these companies has a market capitalisation below Rs 30,000 crore and LIC 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 below Rs 30,000 crore and LIC 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 below Rs 30,000 crore. Investors screening LIC portfolio 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.

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

LIC portfolio stocks are shares of smaller companies in which Life Insurance Corporation of India, the largest domestic institutional investor, is named among the top holders in the latest shareholding pattern. The four here cover lending, mutual fund services, power distribution and railway consulting.

When a patient investor like LIC ranks among the largest holders of a company, it shows deep confidence in the business from an institution that invests for decades. For LIC portfolio stocks, both FY26 and the latest quarter showed growth. A sensible way to study LIC portfolio stocks is to look at profit growth, returns and valuation side by side. Below, each of LIC portfolio stocks gets its own breakdown of growth, returns and valuation. Treat LIC portfolio stocks as a research list, since share prices and rankings change with every earnings season.

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

Prices are closing prices as of 28 October 2026. CESC has the lowest PE of the group at 10.51, while CAMS posts the highest return on equity at 36.04%.

Stock	CMP (Rs)	Market Cap (Rs Cr)	PE	Industry PE	ROE	Price to Book	52-Week Range (Rs)
Capri Global Capital	231.66	23,283	20.65	17.97	13.18%	3.23	151.10 to 287.45
Computer Age Management Services	677.40	17,229	35.08	42.45	36.04%	13.04	611.40 to 844.90
CESC	123.61	17,135	10.51	22.18	12.31%	1.37	123.45 to 204.50
RITES	196.57	9,570	20.74	36.56	15.30%	3.57	175.00 to 259.70

Capri Global: 46.68% Profit CAGR Since FY22

Capri Global Capital is a non-banking finance company that offers housing loans, construction finance, gold loans and loans to small businesses. It reported FY26 revenue of Rs 4,742.01 crore, up 45.87% year on year, and net profit of Rs 949.15 crore, up 98.35%. Net profit has compounded at 46.68% a year since FY22, while revenue has grown 48.25% a year. Operating margin was 65.31% in FY26.

In the June 2026 quarter, revenue rose 57.33% to Rs 1,581.21 crore and net profit grew 102.05% to Rs 353.38 crore. The share price has gained 101.76% over five years and 27.72% over the past year. Foreign investors raised their holding from 4.83% in September 2025 to 13.00% in September 2026. The stock trades at a PE of 20.65 against an industry PE of 17.97, with a return on equity of 13.18%.

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 35.08 against an industry PE of 42.45, below the sector average, with a return on equity of 36.04%. The dividend yield is 1.80%. 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.

CESC: Profit Compounding at 3.60% a Year

CESC generates and distributes power, with a distribution licence area in Kolkata, and is growing its renewable portfolio. It reported FY26 revenue of Rs 18,927.29 crore, up 8.93% year on year, and net profit of Rs 1,617.57 crore, up 13.20%. Revenue has compounded at 10.22% a year since FY22. Operating margin was 26.27% in FY26.

In the June 2026 quarter, revenue rose 5.18% to Rs 5,559 crore and net profit grew 3.71% to Rs 419 crore. Domestic institutions raised their holding from 25.38% in June 2025 to 26.14% in June 2026. The stock trades at a PE of 10.51 against an industry PE of 22.18, below the sector average, with a return on equity of 12.31%. The dividend yield is 4.67%.

RITES: Debt-to-Equity of 0.00

RITES provides engineering and consultancy services for railways and other transport infrastructure and also exports rolling stock. It reported FY26 revenue of Rs 2,524.57 crore, up 9.67% year on year, and net profit of Rs 454.44 crore, up 7.27%. Operating margin was 29.26% in FY26. The debt-to-equity ratio is 0.00, which keeps interest costs low.

The stock trades at a PE of 20.74 against an industry PE of 36.56, below the sector average, with a return on equity of 15.30%. The dividend yield is 3.64%. In the June 2026 quarter, revenue rose 9.57% to Rs 560.68 crore and net profit grew 7.58% to Rs 97.78 crore. Domestic institutions raised their holding from 8.66% in September 2025 to 9.16% in September 2026.

LIC Portfolio Stocks: Financial Comparison on Growth and Margins

The table compares scale and growth across these LIC portfolio 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)	Latest Quarter Revenue Growth	Net Profit Growth (YoY)	Operating Margin (Latest Quarter)
Capri Global	4,742.01	949.15	45.87%	57.33%	98.35%	68.84%
CAMS	1,567.42	472.02	6.26%	12.06%	1.58%	50.40%
CESC	18,927.29	1,617.57	8.93%	5.18%	13.20%	20.95%
RITES	2,524.57	454.44	9.67%	9.57%	7.27%	27.80%

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Institutional Holding in Capri Global, CAMS, CESC and RITES

Institutional holding shows who is backing these LIC portfolio 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%), CESC (from 25.38% to 26.14%) and RITES (from 8.66% to 9.16%).

Stock	Promoter	FII	DII	Public	Quarter
Capri Global	59.92%	13.00%	17.04%	10.04%	September 2026
CAMS	Nil	44.88%	23.54%	31.57%	June 2026
CESC	52.11%	11.47%	26.14%	10.28%	June 2026
RITES	72.20%	3.38%	9.16%	15.26%	September 2026

Risks to Weigh in LIC Portfolio Stocks

Being careful with LIC portfolio 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: Capri Global trades at a PE of 20.65 against an industry PE of 17.97, 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 LIC Portfolio Stocks

Picking from LIC portfolio 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 (17.97 to 42.45) 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 LIC portfolio stocks, Capri Global stands out for the fastest profit growth, 46.68% a year since FY22, CAMS for the highest return on equity at 36.04%, CESC for the lowest PE of the group at 10.51 and RITES for a nearly debt-free balance sheet, with a debt-to-equity ratio of 0.00. 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 portfolio 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 Portfolio Stocks to Watch

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

Ans. Capri Global, CAMS, CESC and RITES are the 4 names this list highlights, with market caps of Rs 23,283 crore, Rs 17,229 crore, Rs 17,135 crore and Rs 9,570 crore respectively. Capri Global is notable for the fastest profit growth, 46.68% a year since FY22. CAMS stands out for the highest return on equity at 36.04%. CESC offers the lowest PE of the group at 10.51. RITES brings a nearly debt-free balance sheet, with a debt-to-equity ratio of 0.00. These are watchlist names for LIC portfolio 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 35.08 against an industry PE of 42.45 and a market cap of Rs 17,229 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 LIC portfolio stocks depend on earnings growth and the price paid at entry, so staggering purchases and consulting a SEBI-registered advisor is sensible.

Can Capri Global become a multibagger from here?

Ans. Capri Global has already gained 101.76% in five years, so another multi-fold move would need sustained earnings growth. A multibagger outcome in LIC portfolio stocks requires earnings to keep growing faster than the market for several years. Net profit has compounded at 46.68% a year since FY22, and FY26 revenue rose 45.87%. At a PE of 20.65 against an industry PE of 17.97, valuation should be checked against that growth before investing.

What is the market cap of Capri Global, CAMS, CESC and RITES?

Ans. As of 28 October 2026, Capri Global has a market cap of Rs 23,283 crore, CAMS has a market cap of Rs 17,229 crore, CESC has a market cap of Rs 17,135 crore and RITES has a market cap of Rs 9,570 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 LIC portfolio stocks.

What are the risks of investing in LIC portfolio 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. Capri Global trades at a PE of 20.65 against an industry PE of 17.97, so earnings growth needs to hold up.

Is CESC trading below its industry PE?

Ans. CESC trades at a PE of 10.51 against an industry PE of 22.18. A lower PE means investors pay less for each rupee of earnings, but it should be read with growth (FY26 revenue rose 8.93% and June 2026 quarter net profit grew 3.71%) and balance sheet strength before drawing a conclusion.

How much do institutions hold in Capri Global, CAMS, CESC and RITES?

Ans. As of the latest reported quarter, FII and DII together hold 30.04% of Capri Global (13.00% and 17.04%), 68.42% of CAMS (44.88% and 23.54%), 37.61% of CESC (11.47% and 26.14%) and 12.54% of RITES (3.38% and 9.16%). Rising institutional holding is a useful signal in LIC portfolio stocks, though it should be read with earnings trends rather than on its own.