4 Top Stocks With PE Ratio Above 100 to Watch for Future Multibagger Potential: CG Power, Laurus Labs, Avalon Technologies and Paras Defence

Stocks with PE ratio above 100 to watch for multibagger potential start with a simple filter: size, a clean financial record and earnings that keep growing. CG Power, Laurus Labs, Avalon Technologies and Paras Defence meet that test, with market caps from Rs 10,331 crore to Rs 1.29 lakh crore and CG Power offering the biggest five-year price gain at 563.19%. Each of these companies trades at a price-to-earnings ratio of 100 or more, and net profit rose in FY26 and in the latest quarter.

This list covers companies with a PE ratio of 100 or above, 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 stocks with PE ratio above 100 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.

Click Here – Get Free Investment Predictions

What Are Stocks With PE Ratio Above 100 and Why Do They Attract Multibagger Interest?

Stocks with PE ratio above 100 are shares where the market already pays a very high price for each rupee of earnings, a sign that investors expect fast growth. The four here cover power equipment, pharmaceutical ingredients, electronics manufacturing and defence.

A PE this high leaves little room for disappointment, so investors in stocks with PE ratio above 100 watch whether profit keeps compounding fast enough to justify the price. With stocks with PE ratio above 100, 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 stocks with PE ratio above 100 are complete. Read each company's latest results and exchange filings before acting on stocks with PE ratio above 100.

Stocks With PE Ratio Above 100 at a Glance: Price, Market Cap, PE and ROE

Prices are closing prices as of 20 October 2026. Laurus Labs combines the lowest PE of the group, 100.10, with the highest return on equity, 16.77%.

Stock	CMP (Rs)	Market Cap (Rs Cr)	PE	Industry PE	ROE	Debt to Equity	52-Week Range (Rs)
CG Power and Industrial Solutions	855	1,28,873	103.94	45.89	15.13%	0.01	525.50 to 980.90
Laurus Labs	2,069	1,09,143	100.10	36.42	16.77%	0.48	864.70 to 2,085.90
Avalon Technologies	2,020.50	15,248	114.11	45.19	15.65%	0.29	777.30 to 2,618.00
Paras Defence and Space Technologies	1,265.10	10,331	107.73	48.70	12.14%	0.04	580.50 to 1,585.00

CG Power: Revenue Up 25.73% in FY26

CG Power and Industrial Solutions makes transformers, motors, drives and railway signalling products, and has entered semiconductor assembly. It reported FY26 revenue of Rs 12,662.22 crore, up 25.73% year on year, and net profit of Rs 1,196.73 crore, up 23.00%. Net profit has compounded at 17.42% a year since FY22, while revenue has grown 23.06% a year. Operating margin was 14.88% in FY26. The debt-to-equity ratio is 0.01, which keeps interest costs low.

In the June 2026 quarter, revenue rose 15.76% to Rs 3,364.39 crore and net profit grew 15.52% to Rs 308.28 crore. The share price has gained 563.19% over five years. Domestic institutions raised their holding from 16.33% in July 2025 to 18.30% in June 2026. The stock trades at a PE of 103.94 against an industry PE of 45.89, with a return on equity of 15.13%.

Laurus Labs: Revenue Up 22.01% in FY26

Laurus Labs makes active pharmaceutical ingredients and formulations and offers contract development and manufacturing services. It reported FY26 revenue of Rs 6,867.85 crore, up 22.01% year on year, and net profit of Rs 889.85 crore, up 151.08%. Revenue has compounded at 8.53% a year since FY22. Operating margin was 26.90% in FY26. The debt-to-equity ratio is 0.48.

The stock trades at a PE of 100.10 against an industry PE of 36.42, with a return on equity of 16.77%. In the June 2026 quarter, revenue rose 28.83% to Rs 2,035.49 crore and net profit grew 124.73% to Rs 361.99 crore. The share price has gained 221.40% over five years and 137.53% over the past year. Domestic institutions raised their holding from 11.94% in June 2025 to 13.74% in June 2026.

Avalon Technologies: Revenue Up 46.35% in FY26

Avalon Technologies is an electronics manufacturing services provider for industrial, clean energy, mobility and healthcare customers in India and the US. It reported FY26 revenue of Rs 1,632.13 crore, up 46.35% year on year, and net profit of Rs 112.95 crore, up 78.04%. Net profit has compounded at 13.75% a year since FY22, while revenue has grown 17.66% a year. Operating margin was 12.62% in FY26. The debt-to-equity ratio is 0.29.

In the June 2026 quarter, revenue rose 49.93% to Rs 487.23 crore and net profit grew 145.39% to Rs 34.87 crore. The share price has gained 414.32% over five years and 78.87% over the past year. Domestic institutions raised their holding from 22.01% in June 2025 to 24.72% in June 2026. The stock trades at a PE of 114.11 against an industry PE of 45.19, with a return on equity of 15.65%.

Paras Defence: 34.81% Profit CAGR Since FY22

Paras Defence and Space Technologies makes defence optics, electromagnetic protection systems and space optics, and has a growing drone and anti-drone portfolio. It reported FY26 revenue of Rs 492.56 crore, up 32.20% year on year, and net profit of Rs 89.45 crore, up 45.47%. Net profit has compounded at 34.81% a year since FY22, while revenue has grown 27.65% a year. Operating margin was 29.65% in FY26. The debt-to-equity ratio is 0.04, which keeps interest costs low.

The stock trades at a PE of 107.73 against an industry PE of 48.70, with a return on equity of 12.14%. In the June 2026 quarter, revenue rose 35.87% to Rs 129.85 crore and net profit grew 45.34% to Rs 20.74 crore. The share price has gained 235.84% over five years and 79.10% over the past year. Domestic institutions raised their holding from 1.47% in September 2025 to 4.63% in September 2026.

Stocks With PE Ratio Above 100: Financial Comparison on Growth and Margins

The table compares scale and growth across these stocks with PE ratio above 100. 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)
CG Power	12,662.22	1,196.73	25.73%	23.06%	17.42%	14.66%
Laurus Labs	6,867.85	889.85	22.01%	8.53%	1.68%	31.95%
Avalon Technologies	1,632.13	112.95	46.35%	17.66%	13.75%	12.55%
Paras Defence	492.56	89.45	32.20%	27.65%	34.81%	26.46%

Check the Univest Screener for live data on these stocks with PE ratio above 100

Institutional Holding in CG Power, Laurus Labs, Avalon Technologies and Paras Defence

Institutional holding shows who is backing these stocks with PE ratio above 100 alongside the promoter. The table uses the latest reported quarter for each. Laurus Labs has the deepest institutional backing, with FII and DII together holding 41.74% as of June 2026. Domestic institutions increased their holding over the past year in CG Power (from 16.33% to 18.30%), Laurus Labs (from 11.94% to 13.74%), Avalon Technologies (from 22.01% to 24.72%) and Paras Defence (from 1.47% to 4.63%).

Stock	Promoter	FII	DII	Public	Quarter
CG Power	56.36%	11.97%	18.30%	13.37%	June 2026
Laurus Labs	27.47%	28.00%	13.74%	30.78%	June 2026
Avalon Technologies	44.39%	7.81%	24.72%	23.08%	June 2026
Paras Defence	53.20%	7.48%	4.63%	34.70%	September 2026

Risks to Weigh in Stocks With PE Ratio Above 100

Being careful with stocks with PE ratio above 100 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: Laurus Labs trades at a PE of 100.10 against an industry PE of 36.42, 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 Stocks With PE Ratio Above 100

Picking from stocks with PE ratio above 100 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 (36.42 to 48.70) 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 CG Power, Laurus Labs, Avalon Technologies and Paras Defence live prices.

Conclusion

Among stocks with PE ratio above 100, CG Power stands out for the biggest five-year price gain at 563.19%, Laurus Labs for the highest return on equity at 16.77%, Avalon Technologies for the strongest latest-quarter profit growth at 145.39% and Paras Defence for the fastest profit growth, 34.81% 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 stocks with PE ratio above 100 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 Stocks With PE Ratio Above 100 to Watch

Which are the best stocks with PE ratio above 100 to watch for multibagger potential?

Ans. CG Power, Laurus Labs, Avalon Technologies and Paras Defence are the 4 names this list highlights, with market caps of Rs 1,28,873 crore, Rs 1,09,143 crore, Rs 15,248 crore and Rs 10,331 crore respectively. CG Power is notable for the biggest five-year price gain at 563.19%. Laurus Labs stands out for the highest return on equity at 16.77%. Avalon Technologies offers the strongest latest-quarter profit growth at 145.39%. Paras Defence brings the fastest profit growth, 34.81% a year since FY22. These are watchlist names for stocks with PE ratio above 100, not recommendations, so match each one to your own risk profile and time horizon.

Is Laurus Labs a good stock for long-term investors?

Ans. Laurus Labs has a return on equity of 16.77%, a PE of 100.10 against an industry PE of 36.42 and a market cap of Rs 1,09,143 crore. FY26 revenue rose 22.01%, and June 2026 quarter net profit grew 124.73%. Long-term returns in stocks with PE ratio above 100 depend on earnings growth and the price paid at entry, so staggering purchases and consulting a SEBI-registered advisor is sensible.

Can Paras Defence become a multibagger from here?

Ans. Paras Defence has already gained 235.84% in five years, so another multi-fold move would need sustained earnings growth. A multibagger outcome in stocks with PE ratio above 100 requires earnings to keep growing faster than the market for several years. Net profit has compounded at 34.81% a year since FY22, and FY26 revenue rose 32.20%. At a PE of 107.73 against an industry PE of 48.70, valuation should be checked against that growth before investing.

What is the market cap of CG Power, Laurus Labs, Avalon Technologies and Paras Defence?

Ans. As of 20 October 2026, CG Power has a market cap of Rs 1,28,873 crore, Laurus Labs has a market cap of Rs 1,09,143 crore, Avalon Technologies has a market cap of Rs 15,248 crore and Paras Defence has a market cap of Rs 10,331 crore. CG Power 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 stocks with PE ratio above 100.

What are the risks of investing in stocks with PE ratio above 100?

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. Laurus Labs trades at a PE of 100.10 against an industry PE of 36.42, so earnings growth needs to hold up.

Why is Laurus Labs trading at a PE of 100.10?

Ans. Laurus Labs' PE of 100.10 compares with an industry PE of 36.42. The market is paying a premium for a return on equity of 16.77%, latest-quarter profit growth of 124.73% and FY26 revenue growth of 22.01%, which also means the stock is more sensitive if growth slows. Investors in stocks with PE ratio above 100 who are comfortable with higher valuation risk may prefer to stagger purchases instead of investing in one go.

How much do institutions hold in CG Power, Laurus Labs, Avalon Technologies and Paras Defence?

Ans. As of the latest reported quarter, FII and DII together hold 30.27% of CG Power (11.97% and 18.30%), 41.74% of Laurus Labs (28.00% and 13.74%), 32.53% of Avalon Technologies (7.81% and 24.72%) and 12.11% of Paras Defence (7.48% and 4.63%). Rising institutional holding is a useful signal in stocks with PE ratio above 100, though it should be read with earnings trends rather than on its own.