Potential Multibagger Stocks

Fundamental

This screen lists NSE-listed small and mid caps combining high returns on capital, double-digit growth and low debt. 138 stocks match as of 21 Oct 2026.

Showing 50 of 138 stocks
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Castrol NSE
Petroleum Products ₹196.19 −0.30% ₹19,406 Cr 18.31 50.0% 65.0% +42.5% 0.03 26,02,316 ₹203.40 ₹170.10
Kajaria Ceramics NSE
Consumer Goods ₹1,189.80 −1.55% ₹18,697 Cr 34.65 15.7% 21.0% +55.0% 0.09 2,20,503 ₹1,275.00 ₹869.60
eClerx Services NSE
Commercial Services ₹1,928.70 +0.45% ₹18,140 Cr 24.77 27.6% 32.7% +16.0% 0.15 2,12,260 ₹2,497.50 ₹1,320.00
Emmvee Photovoltaic Power NSE
Capital Goods ₹254.95 −5.61% ₹17,651 Cr 13.16 29.3% 34.8% +60.6% 0.57 26,45,737 ₹371.55 ₹171.51
Caplin Point Laboratories NSE
Healthcare ₹2,221.60 −1.65% ₹16,887 Cr 25.36 17.9% 22.0% +18.8% 0.00 81,831 ₹2,990.00 ₹1,500.30
Elgi Equipments NSE
Industrial Products ₹526.10 −3.35% ₹16,673 Cr 38.54 19.3% 25.7% +20.7% 0.27 2,75,348 ₹653.40 ₹408.25
Fine Organic Industries NSE
Chemicals ₹5,124.00 −5.08% ₹15,710 Cr 37.80 15.7% 20.1% +17.9% 0.01 32,398 ₹5,666.00 ₹3,856.00
Travel Food Services NSE
Leisure Services ₹1,166.20 −1.90% ₹15,360 Cr 32.08 30.9% 41.8% +35.6% 0.23 26,944 ₹1,470.90 ₹1,035.30
Vijaya Diagnostic Centre NSE
Healthcare Services ₹1,353.40 −1.08% ₹13,940 Cr 75.04 18.1% 19.2% +37.6% 0.42 85,007 ₹1,593.60 ₹848.00
International Gemological Institute NSE
Commercial Services ₹321.10 −0.26% ₹13,877 Cr 22.79 47.8% 58.8% +31.0% 0.11 9,31,661 ₹388.30 ₹287.00
SEDEMAC Mechatronics NSE
Automobiles ₹3,089.10 −3.53% ₹13,645 Cr 117.94 23.1% 31.0% +94.7% 0.18 2,77,910 ₹3,650.00 ₹1,413.10
Central Mine P & D Institute NSE
— ₹190.08 −3.42% ₹13,572 Cr 21.10 26.9% 34.6% +714.7% 0.00 10,00,037 ₹283.69 ₹150.16
Avalon Technologies NSE
Capital Goods ₹1,997.00 −1.16% ₹13,356 Cr 101.16 15.7% 22.0% +145.8% 0.27 3,34,001 ₹2,618.00 ₹777.30
Atlanta Electricals NSE
Capital Goods ₹1,689.70 +0.06% ₹12,993 Cr 59.76 21.7% 34.6% +50.5% 0.15 1,43,200 ₹2,152.60 ₹707.60
Privi Speciality Chemicals NSE
Chemicals ₹3,292.40 +0.29% ₹12,861 Cr 37.49 22.0% 25.1% +44.0% 0.86 1,09,226 ₹3,785.30 ₹2,570.80
Action Construction Equipment NSE
Automobiles ₹1,074.60 −3.02% ₹12,797 Cr 30.22 20.6% 28.5% +22.3% 0.01 4,00,480 ₹1,268.00 ₹745.10
Shreeji Shipping Global NSE
Transport Services ₹779.35 −4.26% ₹12,697 Cr 82.63 19.9% 24.6% +19.1% 0.52 29,66,365 ₹847.40 ₹231.03
Ingersoll Rand NSE
Industrial Products ₹3,966.90 −3.61% ₹12,523 Cr 48.54 41.6% 54.9% +19.5% 0.02 11,579 ₹4,955.00 ₹3,063.30
Lumax Auto Technologies NSE
Automobiles ₹1,833.60 −3.64% ₹12,497 Cr 33.99 22.8% 24.7% +82.6% 0.99 72,545 ₹2,190.00 ₹1,120.00
Corona Remedies NSE
Healthcare ₹2,020.90 +0.54% ₹12,360 Cr 61.82 24.8% 29.3% +30.1% 0.19 23,061 ₹2,292.40 ₹1,336.60
Rainbow Childrens Medicare NSE
Healthcare Services ₹1,209.00 −2.18% ₹12,279 Cr 43.25 16.9% 16.8% +16.2% 0.53 1,47,393 ₹1,610.00 ₹1,084.00
Vedant Fashions NSE
Retail ₹501.70 −1.60% ₹12,190 Cr 27.04 25.9% 27.8% +37.4% 0.25 1,21,625 ₹698.55 ₹329.20
Prudent Corporate Advisory Services NSE
Capital Markets ₹2,930.00 −4.14% ₹12,132 Cr 51.76 25.2% 32.6% +44.4% 0.04 1,69,823 ₹4,105.50 ₹2,121.00
Karamtara Engineering NSE
— ₹359.10 −3.22% ₹11,557 Cr 52.22 18.8% 21.8% >999% (+4,270%)0.76 9,08,179 ₹444.00 ₹254.00
Sudeep Pharma NSE
Healthcare ₹971.60 −3.16% ₹10,974 Cr 61.81 19.4% 24.2% +29.7% 0.21 1,55,840 ₹1,378.00 ₹524.05
Manorama Industries NSE
Food Products ₹1,738.00 −3.27% ₹10,971 Cr 43.88 33.0% 47.7% +67.8% 0.73 2,34,006 ₹2,149.50 ₹1,060.60
ASK Automotive NSE
Automobiles ₹552.65 −2.47% ₹10,895 Cr 35.35 22.7% 23.8% +28.7% 0.46 1,46,088 ₹687.70 ₹375.30
Quality Power Electrical Equipments NSE
Capital Goods ₹1,405.80 −0.09% ₹10,887 Cr 55.87 23.5% 27.3% +25.9% 0.05 3,82,127 ₹1,681.00 ₹581.00
Transformers & Rectifiers NSE
Capital Goods ₹320.35 −1.76% ₹9,616 Cr 31.23 17.6% 25.4% +118.2% 0.27 38,30,604 ₹489.40 ₹224.05
Tips Music NSE
Media ₹748.00 −3.07% ₹9,606 Cr 43.29 83.4% 110.2% +23.5% 0.02 7,18,565 ₹785.00 ₹481.15
Genus Power Infrastructures NSE
Capital Goods ₹273.40 −3.31% ₹8,318 Cr 13.26 25.5% 27.4% +43.2% 0.90 19,61,680 ₹363.00 ₹210.40
Kanohar Electricals NSE
— ₹1,031.50 −1.51% ₹8,168 Cr 56.98 34.8% 46.7% +139.5% 0.12 30,74,580 ₹1,207.70 ₹632.00
ESAB India NSE
Industrial Products ₹5,291.50 −2.44% ₹8,145 Cr 37.49 48.1% 60.8% +37.2% 0.01 2,087 ₹7,319.50 ₹4,710.00
Sandur Manganese & Iron Ores NSE
Energy ₹166.62 −3.89% ₹8,099 Cr 11.73 20.2% 26.2% +36.3% 0.49 6,12,796 ₹273.00 ₹170.51
Pricol NSE
Automobiles ₹659.60 −0.47% ₹8,039 Cr 30.13 20.0% 25.7% +34.3% 0.29 4,73,400 ₹823.00 ₹508.95
Gujarat Pipavav Port NSE
Transport ₹163.78 −1.38% ₹7,918 Cr 14.38 21.6% 26.7% +41.8% 0.02 7,78,474 ₹200.09 ₹141.55
Raghav Productivity Enhancers NSE
Industrial Products ₹1,682.50 −5.36% ₹7,726 Cr 115.77 22.4% 27.7% +56.5% 0.03 60,436 ₹1,943.70 ₹561.30
GNG Electronics NSE
Information Technology ₹670.40 −4.26% ₹7,643 Cr 56.04 17.4% 24.1% +56.2% 0.91 9,82,907 ₹740.40 ₹239.00
Tanla Platforms NSE
Information Technology ₹562.10 +1.77% ₹7,455 Cr 13.76 20.5% 25.2% +20.1% 0.02 23,86,301 ₹683.80 ₹365.90
Manipal Payment and Identity Solutions NSE
— ₹314.60 −3.95% ₹7,293 Cr 29.89 32.0% 43.9% +326.9% 0.65 4,90,825 ₹458.00 ₹315.65
Thyrocare Technologies NSE
Healthcare Services ₹456.20 −3.14% ₹7,261 Cr 42.65 27.8% 33.8% +33.9% 0.07 6,13,682 ₹662.00 ₹342.55
Timex Group NSE
Consumer Goods ₹658.30 −6.11% ₹6,646 Cr 82.55 67.8% 65.2% +70.1% 0.07 5,94,431 ₹759.70 ₹312.00
Kovai Medical Center Hospital NSE
Healthcare Services ₹5,782.00 −1.58% ₹6,327 Cr 25.07 20.1% 20.4% +20.8% 0.63 11,172 ₹6,444.00 ₹5,275.50
SJS Enterprises NSE
Automobiles ₹1,927.40 −3.82% ₹6,216 Cr 30.53 19.5% 25.8% +115.0% 0.04 94,964 ₹2,590.00 ₹1,447.10
Indian Metals & Ferro Alloys NSE
Metals & Mining ₹1,123.80 −0.71% ₹6,063 Cr 11.66 15.6% 18.8% +108.2% 0.27 1,10,467 ₹1,679.90 ₹1,064.10
Kusumgar NSE
— ₹575.25 −1.00% ₹6,040 Cr 62.22 19.5% 24.8% >999% (+2,568.8%)0.78 2,75,817 ₹659.50 ₹419.00
Lohia Corp NSE
— ₹569.90 −4.13% ₹6,021 Cr 32.48 36.8% 46.3% >999% (+1,226%)0.46 2,90,786 ₹659.50 ₹425.00
Sun Pharma Advanced Research Co NSE
Healthcare ₹179.27 −3.13% ₹5,817 Cr 3.80 116.0% 112.0% +59.9% 0.74 8,21,279 ₹289.00 ₹108.00
Spectrum Electrical Industries NSE
Capital Goods ₹3,693.20 +0.27% ₹5,803 Cr 119.23 18.2% 16.3% +133.9% 1.00 17,784 ₹3,988.00 ₹1,050.00
Campus Activewear NSE
Consumer Goods ₹188.20 −5.64% ₹5,753 Cr 65.35 25.2% 32.9% >999% (+1,335%)0.63 8,34,009 ₹286.55 ₹192.66
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How the Potential Multibagger Stocks screen works

A stock is listed when it is an NSE-listed equity share and meets every condition below:

  • Market cap between ₹500 Cr and ₹20,000 Cr
  • ROE and ROCE of 15% or more
  • Latest quarter sales and profit growth of 15% or more, year on year
  • Debt to equity between 0 and 1
  • EBITDA margin of 10% or more
  • Positive P/E (loss-making companies excluded)

Results are sorted by market cap, largest first. These are the traits multibaggers have tended to share early on: room to grow in size, profitable growth and a balance sheet that does not need constant borrowing. Passing the screen is not a forecast.

Potential Multibagger Stocks: common questions

How current are the financial figures?
Ratios built from results, such as growth, ROE, ROCE and margins, update as companies file their quarterly results. Price-based ratios such as P/E and P/B move with the share price every trading day, so a stock can enter or leave the screen between results.
Is every stock on this list a good investment?
No. A screen narrows thousands of listed companies down to those that meet a set of numeric conditions. It does not look at management, valuation history, sector outlook or news, so treat the list as a starting point for research.