Top 10 Fundamentally Strong Mid Cap Stocks in India — Top 20 List

Of the 150 mid cap companies in India on PositoAI, 39 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 Patanjali Foods Limited (Positivity Score 24,133). None of the top 10 has an active red or yellow flag.

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#	Company	Score	Market Cap (INR Cr)	P/E	P/B	Owes vs Owns	ROE	Div Yield	Flag	Sector
1	Patanjali Foods LimitedPATANJALI	24,133	₹38,614	19.6	2.95	0.30×	15.0%	1.12%	—	Consumer Defensive
2	NMDC LimitedNMDC	23,814	₹60,558	8.1	1.78	0.29×	21.9%	2.79%	—	Basic Materials
3	National Aluminium Company LimitedNATIONALUM	23,226	₹57,100	8.5	2.64	0.19×	31.2%	1.27%	—	Basic Materials
4	Hexaware Technologies LimitedHEXT	22,495	₹36,066	27.1	5.37	0.42×	21.5%	1.48%	—	Technology
5	Petronet LNG LimitedPETRONET	22,459	₹43,560	10.3	1.95	0.19×	18.9%	3.43%	—	Energy
6	Indus Towers LimitedINDUSTOWER	22,337	₹1,00,701	14.1	2.43	0.44×	18.9%	3.68%	—	Communication Services
7	Dabur India LimitedDABUR	22,203	₹65,281	33.2	5.72	0.32×	17.2%	2.13%	—	Consumer Defensive
8	Lupin LimitedLUPIN	21,807	₹87,891	15.9	3.92	0.41×	24.6%	0.93%	—	Healthcare
9	K.P.R. Mill LimitedKPRMILL	21,650	₹34,991	38.4	6.14	0.17×	16.0%	0.47%	—	Consumer Cyclical
10	SRF LimitedSRF	21,516	₹69,080	32.0	4.92	0.42×	15.4%	0.40%	—	Industrials
Top 20
11	Alkem Laboratories LimitedALKEM	21,424	₹59,943	27.8	4.34	0.31×	15.6%	0.38%	—	Healthcare
12	L&T Technology Services LimitedLTTS	21,395	₹41,954	31.0	6.48	0.38×	20.9%	1.56%	—	Technology
13	Havells India LimitedHAVELLS	21,206	₹67,337	41.7	7.12	0.36×	17.1%	1.09%	—	Industrials
14	Indian Railway Catering & Tourism Corporation LimitedIRCTC	21,195	₹36,104	25.9	8.38	0.43×	32.3%	1.96%	—	Consumer Cyclical
15	Berger Paints India LimitedBERGEPAINT	20,949	₹54,796	45.0	7.92	0.31×	17.6%	0.85%	—	Basic Materials
16	Godrej Consumer Products LimitedGODREJCP	20,872	₹88,038	46.0	6.96	0.41×	15.1%	2.32%	—	Consumer Defensive
17	Mphasis LimitedMPHASIS	20,528	₹47,708	25.0	4.44	0.40×	17.7%	2.48%	—	Technology
18	Glenmark Pharmaceuticals LimitedGLENMARK	20,492	₹62,047	34.5	5.90	0.47×	17.1%	0.11%	—	Healthcare
19	Suzlon Energy LimitedSUZLON	20,486	₹53,019	16.9	5.60	0.48×	39.4%	0	—	Industrials
20	Schaeffler India LimitedSCHAEFFLER	20,482	₹55,132	44.0	8.97	0.28×	21.6%	0.97%	—	Consumer Cyclical

Fundamentally strong in other groups · India

All of India Large Cap Mid Cap Small Cap Micro Cap Mini Cap Meso Cap Tito Cap

Fundamentally strong in other countries

United States

Questions

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

The first five on PositoAI's list are Patanjali Foods Limited (24,133), NMDC Limited (23,814), National Aluminium Company Limited (23,226), Hexaware Technologies Limited (22,495), Petronet LNG Limited (22,459).

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

39 of the 150 mid 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 20.

How is this list made?

What counts as a mid cap stock in India?

In India, large cap means the 100 largest companies by market value, mid cap the next 150 (101st to 250th) and small cap the rest — the same rank-based rule SEBI uses, applied to the companies on PositoAI.

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.