32 Percent Quarterly Profit Growth Stocks to Buy in November 2026: 5 Names on the Watchlist

The 32 percent quarterly profit growth stocks to buy in November 2026 start with five listed names: Ajanta Pharma, Sona BLW Precision Forgings, SRF, Tech Mahindra and Union Bank of India. These five companies each grew net profit by about 30% to 34% in the September 2026 quarter compared with a year earlier. Tech Mahindra is part of the Nifty 50 and Nifty IT indices.

This article ranks none of them as a sure thing. It lays out the numbers each company has reported, how the shares are priced today and what an investor should check before adding any of these 32 percent quarterly profit growth stocks to buy to a portfolio. All prices are NSE closing prices of 11 November 2026, and financials come from company filings.

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Which Are the Best 32 Percent Quarterly Profit Growth Stocks to Buy in November 2026?

The best 32 percent quarterly profit growth stocks to buy in November 2026 for a watchlist are Ajanta Pharma, Sona BLW Precision Forgings, SRF, Tech Mahindra and Union Bank of India. They were picked because each has complete reported financials, profit in the latest quarter and an NSE listing. The table puts their market data side by side.

Company	CMP (Rs)	Market Cap	P/E	ROE	Dividend Yield
Ajanta Pharma	3,320	Rs 43,234 crore	38.10	23.33%	0.81%
Sona BLW Precision Forgings	925.00	Rs 55,016 crore	74.51	11.63%	0.38%
SRF	2,511	Rs 69,630 crore	30.50	14.92%	0.38%
Tech Mahindra	1,788	Rs 1,73,545 crore	31.15	18.62%	2.88%
Union Bank of India	202.19	Rs 1,42,100 crore	6.46	16.05%	2.69%

On valuation, Union Bank of India trades below the industry P/E; Ajanta Pharma and SRF sit close to it; Sona BLW Precision Forgings and Tech Mahindra carry a premium. Valuation is the first filter for any 32 percent quarterly profit growth stocks to buy list, and it is covered again in the risk section.

Why These 32 Percent Quarterly Profit Growth Stocks to Buy Are in Focus

In this list, FY26 net profit and revenue both grew for every company, and quarterly profit in the September 2026 quarter was higher than a year earlier for all five. The list covers a pharma company, an auto components maker, a specialty chemicals and packaging films company, an IT services company and a public sector bank. Investors comparing the best stocks with 32 percent quarterly profit growth in India usually check whether growth is steady, how the shares are valued and how much debt the company carries.

Ajanta Pharma: The Branded Generics Specialist Among 32 Percent Quarterly Profit Growth Stocks to Buy

Ajanta Pharma is a branded generics company with a strong presence in dermatology, ophthalmology and cardiology in India, Africa and Asia. The stock trades at Rs 3,320 with a market capitalisation of Rs 43,234 crore and a P/E of 38.10, against an industry P/E of 37.65.

FY26 revenue rose 18.6% to Rs 5,625 crore and net profit rose 14.7% to Rs 1,056 crore. In the June 2026 quarter, revenue grew 27.7% year on year to Rs 1,697 crore, while net profit grew 30.9% to Rs 334 crore.

Return on equity is 23.33%, debt-to-equity is 0.06, and the dividend yield is 0.81%. Promoters hold 63.47%, foreign institutions 7.63% and domestic institutions 21.94% as of September 2026. Domestic institutional holding has risen from 17.90% to 21.94% over the last year.

Sona BLW Precision Forgings: The EV Drivetrain Supplier Among 32 Percent Quarterly Profit Growth Stocks to Buy

Sona BLW Precision Forgings is a maker of driveline and electric vehicle motor components with global customers. At Rs 925.00, the stock has a market capitalisation of Rs 55,016 crore and trades at 74.51 times earnings, while the industry P/E is 36.13.

Reported numbers show FY26 revenue of Rs 4,572 crore, up 24.2% year on year, with net profit at Rs 629 crore, up 4.9%. The September 2026 quarter added revenue of Rs 1,577 crore (up 35.9%) and net profit of Rs 223 crore (up 30.8%).

Return on equity is 11.63%, debt-to-equity is 0.10, and the dividend yield is 0.38%. Promoters hold 27.91%, foreign institutions 23.87% and domestic institutions 41.22% as of September 2026. Domestic institutional holding has risen from 40.13% to 41.22% over the last year. A point to keep in view: at a P/E of 74.51, expectations are already high.

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SRF: The Diversified Chemicals Major Among 32 Percent Quarterly Profit Growth Stocks to Buy

SRF is a diversified maker of fluorochemicals, speciality chemicals, packaging films and technical textiles. Its market capitalisation is Rs 69,630 crore, the share price is Rs 2,511 and the P/E of 30.50 compares with an industry P/E of 33.45.

Over FY26, net profit rose 46.7% to Rs 1,835 crore on revenue of Rs 15,894 crore, which was up 7.2%. The latest quarter, the September 2026 quarter, brought revenue of Rs 4,929 crore, up 34.5% year on year, and net profit of Rs 509 crore, up 31.2%.

Return on equity is 14.92%, debt-to-equity is 0.35, and the dividend yield is 0.38%. Promoters hold 50.26%, foreign institutions 15.20% and domestic institutions 22.51% as of September 2026. Domestic institutional holding has risen from 19.53% to 22.51% over the last year.

Tech Mahindra: The Telecom-Focused Services Name Among 32 Percent Quarterly Profit Growth Stocks to Buy

Tech Mahindra is a global IT services company with a strong telecom client base. The stock trades at Rs 1,788 with a market capitalisation of Rs 1,73,545 crore and a P/E of 31.15, against an industry P/E of 18.92.

FY26 revenue rose 5.6% to Rs 56,847 crore and net profit rose 13.0% to Rs 4,806 crore. In the September 2026 quarter, revenue grew 15.2% year on year to Rs 16,173 crore, while net profit grew 34.0% to Rs 1,610 crore.

Return on equity is 18.62%, debt-to-equity is 0.07, and the dividend yield is 2.88%. Promoters hold 34.96%, foreign institutions 20.77% and domestic institutions 35.68% as of September 2026. Domestic institutional holding has risen from 34.64% to 35.68% over the last year.

Union Bank of India: The Public Sector Lender Among 32 Percent Quarterly Profit Growth Stocks to Buy

Union Bank of India is a large public sector bank with a pan-India branch network. At Rs 202.19, the stock has a market capitalisation of Rs 1,42,100 crore and trades at 6.46 times earnings, while the industry P/E is 11.45.

Reported numbers show FY26 revenue of Rs 1,28,400 crore, up 0.2% year on year, with net profit at Rs 18,781 crore, up 4.8%. The September 2026 quarter added revenue of Rs 33,471 crore (up 5.4%) and net profit of Rs 5,570 crore (up 30.1%).

Return on equity is 16.05%, and the dividend yield is 2.69%. Promoters hold 74.76%, foreign institutions 9.40% and domestic institutions 11.64% as of September 2026. Foreign institutional holding has risen from 7.86% to 9.40% over the last year.

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Growth Snapshot: Latest Full Year and Latest Quarter

The table compares year-on-year growth in revenue and net profit for all five 32 percent quarterly profit growth stocks, using filed results.

Company	Full-Year Revenue Growth	Full-Year Profit Growth	Latest Quarter	Quarter Revenue Growth	Quarter Profit Growth
Ajanta Pharma	18.6%	14.7%	Jun 2026	27.7%	30.9%
Sona BLW Precision Forgings	24.2%	4.9%	Sep 2026	35.9%	30.8%
SRF	7.2%	46.7%	Sep 2026	34.5%	31.2%
Tech Mahindra	5.6%	13.0%	Sep 2026	15.2%	34.0%
Union Bank of India	0.2%	4.8%	Sep 2026	5.4%	30.1%

Factors That Move 32 Percent Quarterly Profit Growth Stocks to Buy

Four factors tend to drive 32 percent quarterly profit growth stocks, and each one is worth checking before a purchase.

• Quarterly growth: Profit rose about 30% to 34% year on year.
• Dividends: Tech Mahindra yields about 2.9%.
• Return on equity: Ajanta Pharma leads at about 23%.
• Valuation: P/E runs from about 6 to 75.

Risks to Keep in Mind Before Buying 32 Percent Quarterly Profit Growth Stocks

The first risk is that Sona BLW Precision Forgings trades at a P/E near 75 while Union Bank of India trades near 6, so expectations differ widely. The second is that SRF carries the highest borrowings of the four non-bank companies and bank earnings follow asset quality. Check results every quarter.

On the numbers, Sona BLW Precision Forgings trades at the highest P/E on this list at 74.51, so its earnings need to keep growing to support the price. 32 Percent Quarterly Profit Growth stocks to buy can still fall when markets turn weak, and a staggered entry has historically suited investors better than a lump-sum purchase.

How to Choose 32 Percent Quarterly Profit Growth Stocks to Buy

• Compare growth: SRF grew FY26 profit most, by about 47%.
• Check P/E: Union Bank of India trades lowest.
• Read the yield: Tech Mahindra pays the most.
• Spread sectors: Mix pharma, auto parts, chemicals, IT and banking.

How to Invest in 32 Percent Quarterly Profit Growth Stocks

1. Shortlist two or three companies from this list that match your risk appetite.
2. Open the Univest Screener and compare P/E, ROE and debt for each stock.
3. Check the latest quarterly results and shareholding pattern on NSE or BSE.
4. Decide an amount you can hold for three to five years and split it into two or three purchases.
5. Review the holding after every quarterly result instead of reacting to daily price moves.

Conclusion

Union Bank of India offers the lowest P/E on this list at 6.46, Ajanta Pharma has the highest return on equity at 23.33%, and SRF posted the fastest net profit growth in its latest full year at 46.7%. Among the best 32 percent quarterly profit growth stocks in India, these five give investors a spread of size, valuation and growth, so the right pick depends on risk appetite and holding period. Spread the entry, keep position sizes sensible and consult a SEBI-registered advisor before investing in any of these 32 percent quarterly profit growth stocks to buy.

Frequently Asked Questions on 32 Percent Quarterly Profit Growth Stocks to Buy

Which are the best 32 percent quarterly profit growth stocks to buy in November 2026?

Ans. The five 32 percent quarterly profit growth stocks on the November 2026 watchlist are Ajanta Pharma, Sona BLW Precision Forgings, SRF, Tech Mahindra and Union Bank of India. Union Bank of India has the lowest P/E at 6.46, Ajanta Pharma has the highest ROE at 23.33%, and SRF grew net profit 46.7% in its latest full year. This is educational content, not investment advice, so please consult a SEBI-registered advisor.

Is Tech Mahindra a good stock to buy from this 32 Percent Quarterly Profit Growth list?

Ans. Tech Mahindra is the largest company on this list with a market capitalisation of Rs 1,73,545 crore and a P/E of 31.15 against an industry P/E of 18.92. Its FY26 revenue rose 5.6% and net profit rose 13.0%, with return on equity at 18.62%. Whether it suits you depends on your risk appetite and holding period, so please consult a SEBI-registered advisor before investing.

Are these 32 percent quarterly profit growth stocks expensive right now?

Ans. Valuations vary across the group. Ajanta Pharma trades at a P/E of 38.10, Sona BLW Precision Forgings trades at a P/E of 74.51, SRF trades at a P/E of 30.50, Tech Mahindra trades at a P/E of 31.15, Union Bank of India trades at a P/E of 6.46, against industry multiples ranging from 11.45 to 37.65. Higher multiples reflect faster growth but also leave less room for earnings misses, so entry price deserves attention.

Which of these 32 percent quarterly profit growth stocks pay a dividend?

Ans. Dividend yields on this list are Ajanta Pharma 0.81%, Sona BLW Precision Forgings 0.38%, SRF 0.38%, Tech Mahindra 2.88%, Union Bank of India 2.69%. Yields differ widely across the group, so check payout history and earnings cover before relying on any of them for income, since payouts can change with company profits.

Which stock on this list has the highest return on equity?

Ans. Ajanta Pharma has the highest ROE on this list at 23.33%, followed by Tech Mahindra at 18.62% and Union Bank of India at 16.05%. A higher ROE shows a company earns more profit on shareholder capital, but it should be read alongside valuation and debt.

What are the risks of investing in 32 percent quarterly profit growth stocks?

Ans. The main risks are one very high valuation, asset quality at the bank and a wide spread in sectors. On this list, Sona BLW Precision Forgings trades at the highest P/E of 74.51, which leaves less room for earnings disappointments. Staggered buying and a long holding period can help manage these risks.

How can I invest in 32 percent quarterly profit growth stocks in India?

Ans. You can buy these stocks directly on NSE or BSE through a demat account, and compare them first on the Univest Screener using P/E, ROE and debt. Many investors split the amount across two or three purchases and review the holding after each quarterly result. Sector-themed mutual funds and ETFs are another route for investors who prefer diversification.