Cash Cows: 12 stocks with steady PAT margins

Multibaggers: 12 stocks with profit margins above 10% for 8 straight quarters. Do you own any?

Key points

• Garware Hi-Tech Films delivered a 116% return over two years, rising from Rs 3, 291 to Rs 7, 110.
• Indo Tech Transformers gained 105% over the past two years, with the stock rising from Rs 1, 817 to Rs 3, 722.
• Shaily Engineering Plastics has more than tripled investors' funds in two years, with the stock gaining 246%, from Rs 967 to Rs 3, 349.
• Lloyds Metals & Energy gained 153% over the past two years, with its stock rising from Rs 747 to Rs 1, 891.
• GE Vernova T&D India posted a 123% gain over the past two years, with its stock climbing from Rs 1, 816 to Rs 4, 055.

In practice, a recent analysis of the BSE universe demonstrates that a number of firms have consistently maintained healthy profit margins, reflecting robust operational efficiency and supporting sustainable expansion. Such consistency can additionally strengthen investor confidence in these firms. Our study identified 207 firms with a market capitalisation of more than Rs 3, 000 crore that maintained a profit margin above 10% for eight consecutive quarters, through the quarter concluded June 2026. While banking and financial stocks were excluded, the selection criteria included firms with net sales of more than Rs 100 crore in each of the last eight quarters. In terms of stock performance, 12 stocks from this list delivered impressive gains of between 100% and 396% over the past two years, more than doubling investors' wealth in each case. This highlights the solid market performance of a number of firms that have additionally demonstrated consistent profitability. (Data Source: ACE Equity).

In practice, the standout performer on the list, Acutaas Chemicals surged 396% over the past two years, climbing from Rs 648 to Rs 3, 211. The stock has additionally maintained a profit margin above 10% for eight consecutive quarters. Its net profit margin stood at an impressive 23% in the June 2026 quarter.

TD Power Systems delivered a stellar 257% gain over the past two years, rising from Rs 423 to Rs 1, 509. Alongside this sharp rally, the firm has maintained a profit margin above 10% for eight straight quarters. Its net profit margin was 13% in the June 2026 quarter.

Shaily Engineering Plastics has more than tripled investors' funds in two years, with the stock gaining 246%, from Rs 967 to Rs 3, 349. While its net profit margin stood at 17% in June 2026, the firm has sustained a profit margin above 10% for eight consecutive quarters.

CarTrade Tech has been another solid wealth creator, with its stock surging 224% over the past two years, from Rs 894 to Rs 2, 895. The firm has consistently maintained a profit margin above 10% for eight quarters, with a robust net profit margin of 28% in the June 2026 quarter.

Lloyds Metals & Energy gained 153% over the past two years, with its stock rising from Rs 747 to Rs 1, 891. The firm maintained a profit margin above 10% for eight consecutive quarters, and its net profit margin was 23% in the June 2026 quarter.

SJS Enterprises saw its stock gain 143% over the past two years, rising from Rs 1, 024 to Rs 2, 492. The firm has maintained a profit margin above 10% for eight consecutive quarters and noted a healthy net profit margin of 29% in the June 2026 quarter.

Manorama Industries delivered a 135% gain over the past two years, with the stock advancing from Rs 834 to Rs 1, 958. Its consistent profitability has additionally stood out, with profit margins remaining above 10% for eight straight quarters. The net profit margin was 19% in June 2026.

National Aluminium Firm, or NALCO, gained 124% over the past two years, moving from Rs 172 to Rs 385. The firm has maintained a profit margin above 10% for eight consecutive quarters, with an exceptionally robust net profit margin of 38% in June 2026.

GE Vernova T&D India posted a 123% gain over the past two years, with its stock climbing from Rs 1, 816 to Rs 4, 055. While its net profit margin stood at 20% in June 2026, the firm has sustained a profit margin above 10% for eight consecutive quarters.

Garware Hi-Tech Films delivered a 116% return over two years, rising from Rs 3, 291 to Rs 7, 110. The firm has consistently kept its profit margin above 10% for eight straight quarters, with a net profit margin of 21% in June 2026.

Indo Tech Transformers gained 105% over the past two years, with the stock rising from Rs 1, 817 to Rs 3, 722. While its net profit margin stood at 11% in the June 2026 quarter, the firm has maintained a profit margin above 10% for eight consecutive quarters.

Goldiam International came close to doubling investors' funds, with its stock gaining 97% over the past two years, from Rs 184 to Rs 363. The firm has maintained a profit margin above 10% for eight consecutive quarters, with its net profit margin at 23% in June 2026.

In short, cash Cows: 12 stocks with steady PAT margins is the central thread here, and readers can expect follow-up reporting as the picture becomes clearer.