Twenty Nine Hundred Crore Profit Stocks to Buy in November 2026: 5 Names on the Watchlist

The twenty nine hundred crore profit stocks to buy in November 2026 start with five listed names: HDFC Asset Management Company, JSW Energy, Mahindra and Mahindra Financial Services, Polycab India and Great Eastern Shipping. These five companies each reported FY26 net profit between about Rs 2,708 crore and Rs 2,943 crore, and they range from asset management to shipping.

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 twenty nine hundred crore profit stocks to buy to a portfolio. All prices are NSE closing prices of 12 November 2026, and financials come from company filings.

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Which Are the Best Twenty Nine Hundred Crore Profit Stocks to Buy in November 2026?

The best twenty nine hundred crore profit stocks to buy in November 2026 for a watchlist are HDFC Asset Management Company, JSW Energy, Mahindra and Mahindra Financial Services, Polycab India and Great Eastern Shipping. 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
HDFC Asset Management Company	2,730	Rs 99,451 crore	33.40	34.56%	2.33%
JSW Energy	519.65	Rs 93,508 crore	33.69	6.32%	0.38%
Mahindra and Mahindra Financial Services	286.15	Rs 36,812 crore	10.21	13.09%	2.83%
Polycab India	8,080	Rs 1,15,758 crore	36.15	24.10%	0.61%
Great Eastern Shipping	1,435	Rs 23,070 crore	6.16	17.35%	2.17%

On valuation, Mahindra and Mahindra Financial Services and Great Eastern Shipping trade below the industry P/E; Polycab India sits close to it; HDFC Asset Management Company and JSW Energy carry a premium. Valuation is the first filter for any twenty nine hundred crore profit stocks to buy list, and it is covered again in the risk section.

Why These Twenty Nine Hundred Crore Profit Stocks to Buy Are in Focus

In this list, FY26 net profit and revenue both grew for every company, and quarterly profit in the latest reported quarter was higher than a year earlier for all five. The list covers a mutual fund house, a power producer, a vehicle and rural finance company, a maker of wires and cables and a shipping company. Investors comparing the best twenty nine hundred crore profit stocks in India usually check earnings growth, dividends and how the shares are valued.

HDFC Asset Management Company: The Mutual Fund Leader Among Twenty Nine Hundred Crore Profit Stocks to Buy

HDFC Asset Management Company is one of India's largest mutual fund managers. At Rs 2,730, the stock has a market capitalisation of Rs 99,451 crore and trades at 33.40 times earnings, while the industry P/E is 16.15.

Reported numbers show FY26 revenue of Rs 4,622 crore, up 13.8% year on year, with net profit at Rs 2,858 crore, up 16.2%. The September 2026 quarter added revenue of Rs 1,241 crore (up 10.5%) and net profit of Rs 749 crore (up 4.2%).

Return on equity is 34.56%, and the dividend yield is 2.33%. Promoters hold 52.29%, foreign institutions 24.07% and domestic institutions 14.57% as of September 2026.

JSW Energy: The Growing Power Producer Among Twenty Nine Hundred Crore Profit Stocks to Buy

JSW Energy is a power producer building thermal, hydro and renewable capacity. Its market capitalisation is Rs 93,508 crore, the share price is Rs 519.65 and the P/E of 33.69 compares with an industry P/E of 19.93.

Over FY26, net profit rose 39.3% to Rs 2,762 crore on revenue of Rs 19,878 crore, which was up 57.3%. The latest quarter, the September 2026 quarter, brought revenue of Rs 6,658 crore, up 24.2% year on year, and net profit of Rs 1,141 crore, up 38.4%.

Return on equity is 6.32%, debt-to-equity is 2.25, and the dividend yield is 0.38%. Promoters hold 66.53%, foreign institutions 10.91% and domestic institutions 16.71% as of September 2026. Domestic institutional holding has risen from 14.43% to 16.71% over the last year. A point to keep in view: debt is higher than most names on this list, and return on equity is a modest 6.32%.

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Mahindra and Mahindra Financial Services: The Rural Vehicle Lender Among Twenty Nine Hundred Crore Profit Stocks to Buy

Mahindra and Mahindra Financial Services is a rural and semi-urban lender backed by Mahindra, financing vehicles and tractors. The stock trades at Rs 286.15 with a market capitalisation of Rs 36,812 crore and a P/E of 10.21, against an industry P/E of 16.15.

FY26 revenue rose 13.8% to Rs 21,087 crore and net profit rose 26.5% to Rs 2,861 crore. In the September 2026 quarter, revenue grew 18.1% year on year to Rs 5,962 crore, while net profit grew 60.9% to Rs 911 crore.

Return on equity is 13.09%, and the dividend yield is 2.83%. Promoters hold 52.48%, foreign institutions 9.96% and domestic institutions 31.56% as of September 2026.

Polycab India: The Wires and Cables Leader Among Twenty Nine Hundred Crore Profit Stocks to Buy

Polycab India is India's largest wires and cables maker, which also sells fans, lighting and switchgear. At Rs 8,080, the stock has a market capitalisation of Rs 1,15,758 crore and trades at 36.15 times earnings, while the industry P/E is 39.42.

Reported numbers show FY26 revenue of Rs 29,120 crore, up 28.8% year on year, with net profit at Rs 2,708 crore, up 32.4%. The September 2026 quarter added revenue of Rs 9,987 crore (up 53.1%) and net profit of Rs 990 crore (up 42.9%).

Return on equity is 24.10%, debt-to-equity is 0.02, and the dividend yield is 0.61%. Promoters hold 61.44%, foreign institutions 18.06% and domestic institutions 7.73% as of September 2026. Foreign institutional holding has risen from 13.97% to 18.06% over the last year.

Great Eastern Shipping: The Tanker and Bulk Shipper Among Twenty Nine Hundred Crore Profit Stocks to Buy

Great Eastern Shipping is a shipping company operating tankers and dry bulk carriers. Its market capitalisation is Rs 23,070 crore, the share price is Rs 1,435 and the P/E of 6.16 compares with an industry P/E of 8.59.

Over FY26, net profit rose 25.5% to Rs 2,943 crore on revenue of Rs 6,312 crore, which was up 2.5%. The latest quarter, the June 2026 quarter, brought revenue of Rs 2,286 crore, up 71.0% year on year, and net profit of Rs 1,309 crore, up 159.4%.

Return on equity is 17.35%, debt-to-equity is 0.06, and the dividend yield is 2.17%. Promoters hold 30.07%, foreign institutions 29.52% and domestic institutions 11.62% as of September 2026. Foreign institutional holding has risen from 24.88% to 29.52% 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 twenty nine hundred crore profit stocks, using filed results.

Company	Full-Year Revenue Growth	Full-Year Profit Growth	Latest Quarter	Quarter Revenue Growth	Quarter Profit Growth
HDFC Asset Management Company	13.8%	16.2%	Sep 2026	10.5%	4.2%
JSW Energy	57.3%	39.3%	Sep 2026	24.2%	38.4%
Mahindra and Mahindra Financial Services	13.8%	26.5%	Sep 2026	18.1%	60.9%
Polycab India	28.8%	32.4%	Sep 2026	53.1%	42.9%
Great Eastern Shipping	2.5%	25.5%	Jun 2026	71.0%	159.4%

Factors That Move Twenty Nine Hundred Crore Profit Stocks to Buy

Four factors tend to drive twenty nine hundred crore profit stocks, and each one is worth checking before a purchase.

• Scale: Each earned above Rs 2,700 crore in FY26.
• Dividends: Mahindra and Mahindra Financial Services yields about 2.8%.
• Return on equity: HDFC Asset Management Company leads at about 35%.
• Valuation: P/E runs from about 6 to 36.

Risks to Keep in Mind Before Buying Twenty Nine Hundred Crore Profit Stocks

The first risk is that Polycab India trades at a P/E near 36, JSW Energy near 34 and HDFC Asset Management Company near 33, while Great Eastern Shipping trades near 6, so expectations differ widely. The second is that Mahindra and Mahindra Financial Services carries the highest borrowings of the five as a lender, and fund house earnings follow market levels. Check results every quarter.

On the numbers, Polycab India trades at the highest P/E on this list at 36.15, so its earnings need to keep growing to support the price. Twenty Nine Hundred Crore Profit 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 Twenty Nine Hundred Crore Profit Stocks to Buy

• Compare growth: JSW Energy grew FY26 profit most, by about 39%.
• Check P/E: Great Eastern Shipping trades lowest.
• Read the yield: Mahindra and Mahindra Financial Services pays the most.
• Spread sectors: Mix asset management, power, vehicle finance, cables and shipping.

How to Invest in Twenty Nine Hundred Crore Profit 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

Great Eastern Shipping offers the lowest P/E on this list at 6.16, HDFC Asset Management Company has the highest return on equity at 34.56%, and JSW Energy posted the fastest net profit growth in its latest full year at 39.3%. Among the best twenty nine hundred crore profit 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 twenty nine hundred crore profit stocks to buy.

Frequently Asked Questions on Twenty Nine Hundred Crore Profit Stocks to Buy

Which are the best twenty nine hundred crore profit stocks to buy in November 2026?

Ans. The five twenty nine hundred crore profit stocks on the November 2026 watchlist are HDFC Asset Management Company, JSW Energy, Mahindra and Mahindra Financial Services, Polycab India and Great Eastern Shipping. Great Eastern Shipping has the lowest P/E at 6.16, HDFC Asset Management Company has the highest ROE at 34.56%, and JSW Energy grew net profit 39.3% in its latest full year. This is educational content, not investment advice, so please consult a SEBI-registered advisor.

Is Polycab India a good stock to buy from this Twenty Nine Hundred Crore Profit list?

Ans. Polycab India is the largest company on this list with a market capitalisation of Rs 1,15,758 crore and a P/E of 36.15 against an industry P/E of 39.42. Its FY26 revenue rose 28.8% and net profit rose 32.4%, with return on equity at 24.10%. Whether it suits you depends on your risk appetite and holding period, so please consult a SEBI-registered advisor before investing.

Are these twenty nine hundred crore profit stocks expensive right now?

Ans. Valuations vary across the group. HDFC Asset Management Company trades at a P/E of 33.40, JSW Energy trades at a P/E of 33.69, Mahindra and Mahindra Financial Services trades at a P/E of 10.21, Polycab India trades at a P/E of 36.15, Great Eastern Shipping trades at a P/E of 6.16, against industry multiples ranging from 8.59 to 39.42. Higher multiples reflect faster growth but also leave less room for earnings misses, so entry price deserves attention.

Which of these twenty nine hundred crore profit stocks pay a dividend?

Ans. Dividend yields on this list are HDFC Asset Management Company 2.33%, JSW Energy 0.38%, Mahindra and Mahindra Financial Services 2.83%, Polycab India 0.61%, Great Eastern Shipping 2.17%. 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. HDFC Asset Management Company has the highest ROE on this list at 34.56%, followed by Polycab India at 24.10% and Great Eastern Shipping at 17.35%. 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 twenty nine hundred crore profit stocks?

Ans. The main risks are a wide spread in valuations, market linked earnings at the fund house and freight cycles in shipping. On this list, Polycab India trades at the highest P/E of 36.15, which leaves less room for earnings disappointments. Staggered buying and a long holding period can help manage these risks.

How can I invest in twenty nine hundred crore profit 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.