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Top 10 Fundamentally Strong Meso Cap Stocks (₹10,000 Cr to ₹1 lakh Cr) in India — Top 100 List

PosiCap · PositoAI classification

Of the 457 meso cap companies in India on PositoAI, 115 pass all four tests (profit-making, return on equity of 15% or more, Owes vs Owns of 0.5 or less, no red or yellow flag). First on the list is The Shipping Corporation of India Limited (Positivity Score 24,188). None of the top 10 has an active red or yellow flag.

Meso Cap is one of PosiCap, PositoAI's own size classes: companies with a market value ₹10,000 Cr to ₹1 lakh Cr (about $1.1B to $10.6B). It is not the SEBI or index definition. About PosiCap

Positivity ScoreHigh dividendDebt freeLow debtLow PEBelow book valueHigh ROEHigh ROE + low PENo red flagsNo red or yellow flagsFundamentally strongNear 52-week lowNear 52-week highHigh score near 52-week lowHigh score near 52-week high
#Company Score Market Cap
(INR Cr)		 P/E P/B Owes vs
Owns		 ROE Div
Yield		 FlagSector
1 The Shipping Corporation of India LimitedSCI 24,188 ₹11,731 7.2 1.29 0.32× 17.8% 2.71% — Industrials
2 Godfrey Phillips India LimitedGODFRYPHLP 24,165 ₹26,938 19.7 4.34 0.25× 22.0% 2.76% — Consumer Defensive
3 Patanjali Foods LimitedPATANJALI 24,133 ₹38,614 19.6 2.95 0.30× 15.0% 1.12% — Consumer Defensive
4 Chambal Fertilisers and Chemicals LimitedCHAMBLFERT 23,881 ₹14,990 7.8 1.44 0.28× 18.5% 3.21% — Basic Materials
5 NMDC LimitedNMDC 23,814 ₹60,558 8.1 1.78 0.29× 21.9% 2.79% — Basic Materials
6 Sarda Energy & Minerals LimitedSARDAEN 23,814 ₹16,077 14.2 2.18 0.34× 15.3% 0.42% — Basic Materials
7 DCM Shriram LimitedDCMSHRIRAM 23,761 ₹15,344 10.8 1.99 0.45× 19.0% 1.67% — Industrials
8 Zensar Technologies LimitedZENSARTECH 23,674 ₹11,375 14.9 2.41 0.22× 16.3% 3.13% — Technology
9 Emmvee Photovoltaic Power LimitedEMMVEE 23,406 ₹17,242 13.3 4.67 0.36× 35.0% 0.33% — Technology
10 National Aluminium Company LimitedNATIONALUM 23,226 ₹57,100 8.5 2.64 0.19× 31.2% 1.27% — Basic Materials

Top 20

11 Chennai Petroleum Corporation LimitedCHENNPETRO 23,202 ₹21,647 5.2 1.95 0.45× 37.6% 4.17% — Energy
12 Pfizer LimitedPFIZER 23,123 ₹16,875 23.0 4.02 0.15× 17.5% 2.00% — Healthcare
13 Sumitomo Chemical India LimitedSUMICHEM 22,983 ₹18,493 31.9 5.46 0.24× 17.1% 0.33% — Basic Materials
14 Bayer CropScience LimitedBAYERCROP 22,792 ₹15,503 21.2 5.23 0.48× 24.7% 4.30% — Basic Materials
15 AIA Engineering LimitedAIAENG 22,692 ₹33,911 26.8 4.23 0.06× 15.8% 0.43% — Industrials
16 Caplin Point Laboratories LimitedCAPLIPOINT 22,651 ₹17,095 25.8 4.77 0.10× 18.9% 0.33% — Healthcare
17 Force Motors LimitedFORCEMOT 22,644 ₹22,093 17.6 5.27 0.36× 30.4% 0.30% — Consumer Cyclical
18 Hexaware Technologies LimitedHEXT 22,495 ₹36,066 27.1 5.37 0.42× 21.5% 1.48% — Technology
19 Petronet LNG LimitedPETRONET 22,459 ₹43,560 10.3 1.95 0.19× 18.9% 3.43% — Energy
20 Alivus Life Sciences LimitedALIVUS 22,367 ₹15,579 25.9 4.68 0.16× 18.1% 0.38% — Healthcare

Top 50

21 Eris Lifesciences LimitedERIS 22,345 ₹15,555 23.9 3.99 0.47× 16.4% 1.29% — Healthcare
22 The Great Eastern Shipping Company LimitedGESHIP 22,281 ₹21,349 5.8 1.26 0.13× 22.0% 3.76% — Industrials
23 Dabur India LimitedDABUR 22,203 ₹65,281 33.2 5.72 0.32× 17.2% 2.13% — Consumer Defensive
24 Vedant Fashions LimitedMANYAVAR 22,195 ₹11,907 30.9 6.06 0.31× 19.6% 1.55% — Consumer Cyclical
25 Bikaji Foods International LimitedBIKAJI 22,052 ₹11,710 45.3 7.29 0.24× 16.1% 0.26% — Consumer Defensive
26 Kirloskar Brothers LimitedKIRLOSBROS 22,038 ₹13,176 35.3 5.35 0.44× 15.2% 0.41% — Industrials
27 V-Guard Industries LimitedVGUARD 21,969 ₹11,907 32.9 5.02 0.36× 15.3% 0.52% — Industrials
28 Emami LimitedEMAMILTD 21,955 ₹16,193 22.0 5.54 0.24× 25.6% 2.71% — Consumer Defensive
29 Himadri Speciality Chemical LimitedHSCL 21,912 ₹26,384 32.8 5.61 0.24× 17.1% 0.12% — Basic Materials
30 Engineers India LimitedENGINERSIN 21,875 ₹14,124 18.0 4.49 0.46× 25.0% 1.71% — Industrials
31 Lupin LimitedLUPIN 21,807 ₹87,891 15.9 3.92 0.41× 24.6% 0.93% — Healthcare
32 KSB LimitedKSB 21,708 ₹12,248 49.9 7.22 0.40× 15.2% 0.58% — Industrials
33 K.P.R. Mill LimitedKPRMILL 21,650 ₹34,991 38.4 6.14 0.17× 16.0% 0.47% — Consumer Cyclical
34 SRF LimitedSRF 21,516 ₹69,080 32.0 4.92 0.42× 15.4% 0.40% — Industrials
35 Fine Organic Industries LimitedFINEORG 21,498 ₹15,628 36.2 5.87 0.11× 16.2% 0.20% — Basic Materials
36 Supreme Petrochem LimitedSPLPETRO 21,449 ₹13,900 27.9 5.85 0.32× 21.0% 1.42% — Basic Materials
37 Alkem Laboratories LimitedALKEM 21,424 ₹59,943 27.8 4.34 0.31× 15.6% 0.38% — Healthcare
38 L&T Technology Services LimitedLTTS 21,395 ₹41,954 31.0 6.48 0.38× 20.9% 1.56% — Technology
39 Action Construction Equipment LimitedACE 21,313 ₹12,538 28.7 6.23 0.38× 21.7% 0.17% — Industrials
40 Happy Forgings LimitedHAPPYFORGE 21,218 ₹17,162 52.5 8.06 0.19× 15.3% 0.21% — Industrials
41 Marksans Pharma LimitedMARKSANS 21,215 ₹13,343 25.8 4.41 0.21× 17.1% 0.29% — Healthcare
42 Havells India LimitedHAVELLS 21,206 ₹67,337 41.7 7.12 0.36× 17.1% 1.09% — Industrials
43 Indian Railway Catering & Tourism Corporation LimitedIRCTC 21,195 ₹36,104 25.9 8.38 0.43× 32.3% 1.96% — Consumer Cyclical
44 Emcure Pharmaceuticals LimitedEMCURE 21,115 ₹33,817 33.4 6.83 0.48× 20.4% 0.20% — Healthcare
45 Usha Martin LimitedUSHAMART 21,069 ₹14,197 25.7 4.30 0.22× 16.7% 0.78% — Basic Materials
46 Berger Paints India LimitedBERGEPAINT 20,949 ₹54,796 45.0 7.92 0.31× 17.6% 0.85% — Basic Materials
47 CCL Products (India) LimitedCCL 20,880 ₹12,371 28.6 5.28 0.46× 18.4% 0.55% — Consumer Defensive
48 Godrej Consumer Products LimitedGODREJCP 20,872 ₹88,038 46.0 6.96 0.41× 15.1% 2.32% — Consumer Defensive
49 Fujiyama Power Systems LimitedUTLSOLAR 20,840 ₹11,324 37.4 8.89 0.46× 23.0% 0 — Technology
50 eClerx Services LimitedECLERX 20,673 ₹17,763 25.2 6.94 0.31× 27.7% 0.05% — Technology

Top 100

51 Mphasis LimitedMPHASIS 20,528 ₹47,708 25.0 4.44 0.40× 17.7% 2.48% — Technology
52 Tata Elxsi LimitedTATAELXSI 20,499 ₹23,965 35.8 7.88 0.23× 23.9% 2.07% — Technology
53 Voltamp Transformers LimitedVOLTAMP 20,493 ₹10,063 31.7 5.62 0.11× 17.7% 0.96% — Industrials
54 Glenmark Pharmaceuticals LimitedGLENMARK 20,492 ₹62,047 34.5 5.90 0.47× 17.1% 0.11% — Healthcare
55 Concord Biotech LimitedCONCORDBIO 20,489 ₹13,293 43.8 6.59 0.10× 15.1% 0.55% — Healthcare
56 Suzlon Energy LimitedSUZLON 20,486 ₹53,019 16.9 5.60 0.48× 39.4% 0 — Industrials
57 Schaeffler India LimitedSCHAEFFLER 20,482 ₹55,132 44.0 8.97 0.28× 21.6% 0.97% — Consumer Cyclical
58 ASK Automotive LimitedASKAUTOLTD 20,339 ₹10,806 34.2 8.24 0.49× 24.1% 0.31% — Consumer Cyclical
59 Grindwell Norton LimitedGRINDWELL 20,325 ₹20,787 47.7 8.20 0.26× 17.2% 1.04% — Industrials
60 Triveni Turbine LimitedTRITURBINE 20,310 ₹14,402 42.9 9.96 0.42× 23.2% 0.77% — Industrials
61 Kajaria Ceramics LimitedKAJARIACER 20,281 ₹18,222 33.8 5.94 0.22× 17.8% 0.99% — Industrials
62 The Supreme Industries LimitedSUPREMEIND 20,163 ₹44,347 43.0 7.19 0.21× 16.7% 0.99% — Industrials
63 Travel Food Services LimitedTRAVELFOOD 20,024 ₹15,254 32.1 10.57 0.36× 32.9% 0.85% — Consumer Cyclical
64 Ipca Laboratories LimitedIPCALAB 20,003 ₹48,292 36.9 5.99 0.23× 16.2% 0.31% — Healthcare
65 Rainbow Children's Medicare LimitedRAINBOW 19,997 ₹12,170 42.7 7.38 0.40× 17.3% 0.28% — Healthcare
66 DOMS Industries LimitedDOMS 19,987 ₹11,827 54.6 9.70 0.24× 17.8% 0.18% — Industrials
67 ELANTAS Beck India LimitedELANTAS 19,973 ₹10,317 58.1 9.35 0.16× 17.4% 0.06% — Basic Materials
68 HBL Engineering LimitedHBLENGINE 19,900 ₹21,744 27.9 9.82 0.25× 35.0% 0.42% — Industrials
69 Hindustan Copper LimitedHINDCOPPER 19,895 ₹39,894 35.1 11.94 0.24× 34.0% 0.61% — Basic Materials
70 Uno Minda LimitedUNOMINDA 19,849 ₹61,679 51.3 9.03 0.47× 17.6% 0.24% — Consumer Cyclical
71 Aegis Logistics LimitedAEGISLOG 19,770 ₹45,773 36.6 7.56 0.39× 20.7% 0.98% — Energy
72 Ajanta Pharma LimitedAJANTPHARM 19,623 ₹40,869 36.0 9.03 0.26× 25.1% 1.88% — Healthcare
73 Oracle Financial Services Software LimitedOFSS 19,464 ₹85,734 25.2 10.95 0.21× 49.9% 3.81% — Technology
74 R R Kabel LimitedRRKABEL 19,436 ₹25,596 42.1 9.94 0.44× 23.6% 0.46% — Industrials
75 Sudeep Pharma LimitedSUDEEPPHRM 19,179 ₹10,865 59.0 12.30 0.24× 20.9% 0.14% — Healthcare
76 Abbott India LimitedABBOTINDIA 19,150 ₹53,888 33.4 11.29 0.27× 33.8% 2.02% — Healthcare
77 Inventurus Knowledge Solutions LimitedIKS 19,124 ₹27,646 36.9 9.87 0.34× 26.7% 0 — Healthcare
78 Elgi Equipments LimitedELGIEQUIP 19,113 ₹16,833 37.7 7.54 0.37× 20.0% 0.50% — Industrials
79 KFin Technologies LimitedKFINTECH 19,018 ₹14,562 42.8 8.70 0.40× 20.3% 1.42% — Technology
80 International Gemological Institute LimitedIGIL 18,978 ₹15,263 25.9 10.83 0.20× 39.6% 1.65% — Basic Materials
81 United Spirits LimitedUNITDSPR 18,965 ₹91,206 54.1 10.19 0.38× 18.8% 1.25% — Consumer Defensive
82 Dhoot Transmission LimitedDHOOTTRANS 18,942 ₹28,665 66.2 11.78 0.41× 16.4% 0 — Consumer Cyclical
83 Metro Brands LimitedMETROBRAND 18,703 ₹23,305 57.5 11.69 0.50× 20.3% 0.69% — Consumer Cyclical
84 Jyoti CNC Automation LimitedJYOTICNC 18,688 ₹21,016 65.4 10.50 0.45× 16.1% 0 — Industrials
85 Atlanta Electricals LimitedATLANTAELE 18,497 ₹12,984 29.3 13.97 0.38× 47.6% 0 — Industrials
86 Honasa Consumer LimitedHONASA 17,818 ₹14,423 58.1 10.22 0.33× 17.5% 0.64% — Consumer Defensive
87 Data Patterns (India) LimitedDATAPATTNS 17,419 ₹21,842 81.5 12.58 0.10× 15.4% 0.24% — Industrials
88 Dr. Lal PathLabs LimitedLALPATHLAB 17,325 ₹30,828 56.9 12.29 0.19× 21.6% 1.03% — Healthcare
89 Anthem Biosciences LimitedANTHEM 17,273 ₹44,979 78.9 14.78 0.11× 18.7% 0.23% — Healthcare
90 APL Apollo Tubes LimitedAPLAPOLLO 17,151 ₹56,986 46.4 10.76 0.40× 23.2% 0.40% — Basic Materials
91 Navin Fluorine International LimitedNAVINFLUOR 17,143 ₹40,765 51.6 10.26 0.38× 19.9% 0.19% — Basic Materials
92 Persistent Systems LimitedPERSISTENT 17,001 ₹90,055 47.0 11.49 0.31× 25.2% 0.62% — Technology
93 INOX India LimitedINOXINDIA 16,937 ₹17,454 68.6 15.62 0.45× 22.7% 0.10% — Industrials
94 Coforge LimitedCOFORGE 16,730 ₹84,567 39.1 8.87 0.35× 17.2% 0.86% — Technology
95 Neuland Laboratories LimitedNEULANDLAB 16,707 ₹24,293 48.8 12.96 0.36× 26.6% 0.16% — Healthcare
96 Shreeji Shipping Global LimitedSHREEJISPG 16,147 ₹12,851 79.1 16.71 0.37× 21.1% 0.25% — Industrials
97 GlaxoSmithKline Pharmaceuticals LimitedGLAXO 15,956 ₹41,228 38.6 18.18 0.48× 47.1% 2.28% — Healthcare
98 Sky Gold and Diamonds LimitedSKYGOLD 15,713 ₹16,154 48.1 13.55 0.45× 28.0% 0 — Consumer Cyclical
99 Computer Age Management Services LimitedCAMS 15,644 ₹16,660 33.7 12.61 0.27× 37.3% 1.90% — Technology
100 Manorama Industries LimitedMANORAMA 15,468 ₹11,022 42.3 16.16 0.43× 36.1% 0.04% — Consumer Defensive

Fundamentally strong in other groups · India

All of IndiaLarge CapMid CapSmall CapMicro CapMini CapMeso CapTito Cap

Fundamentally strong in other countries

United States

Questions

Which meso cap companies in India have strong fundamentals and the highest Positivity Score?

The first five on PositoAI's list are The Shipping Corporation of India Limited (24,188), Godfrey Phillips India Limited (24,165), Patanjali Foods Limited (24,133), Chambal Fertilisers and Chemicals Limited (23,881), NMDC Limited (23,814).

How many meso cap companies in India pass all four tests?

115 of the 457 meso cap companies in India on PositoAI pass all four tests (profit-making, return on equity of 15% or more, Owes vs Owns of 0.5 or less, no red or yellow flag); this page shows the top 100.

How is this list made?

Companies that pass four tests: they make a profit, their return on equity is 15% or more, their Owes vs Owns is 0.5 or less, and they have no active red or yellow flag. Banks and lenders are left out. The list is ordered by Positivity Score, highest first. The list is updated every day from PositoAI's data.

What is a Meso Cap stock?

Meso Cap is one of PosiCap, PositoAI's own size classes: companies with a market value ₹10,000 Cr to ₹1 lakh Cr (about $1.1B to $10.6B). It is not the SEBI or index definition.

Companies that pass four tests: they make a profit, their return on equity is 15% or more, their Owes vs Owns is 0.5 or less, and they have no active red or yellow flag. Banks and lenders are left out. The list is ordered by Positivity Score, highest first. Score is the Positivity Score; Owes vs Owns is everything a company owes compared with everything it owns (what each figure means); ⚑ marks an active red or yellow flag. All top lists for India. PositoAI is for research and education only and is not investment advice.

Disclaimer — PositoAI is a research and screening tool for educational and informational purposes. It is not investment advice or a recommendation to buy or sell any security or mutual fund. Scores and rankings are calculated by PositoAI's own method using publicly available data, which may be incomplete, delayed or inaccurate, and past performance does not indicate future results. AI summaries of company news may contain errors. PositoAI is not registered with the SEC, SEBI or any other regulatory authority. Please do your own research or consult a licensed financial advisor before investing.