Top 10 High ROE Low PE Mid Cap Stocks in India — Top 50 List

Of the 150 mid cap companies in India on PositoAI, 72 make a profit with a return on equity of 15% or more. First on the list is REC Limited (5.0). None of the top 10 has an active red or yellow flag.

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Positivity Score High dividend Low debt Low PE High ROE High ROE + low PE No red flags No red or yellow flags Fundamentally strong Near 52-week low Near 52-week high High score near 52-week low

#	Company	Score	Market Cap (INR Cr)	P/E	P/B	Owes vs Owns	ROE	Div Yield	Flag	Sector
1	REC LimitedRECLTD	17,682	₹79,286	5.0	0.93	0.87×	19.0%	4.53%	—	Financial Services
2	Bank of MaharashtraMAHABANK	22,815	₹60,363	8.0	1.82	0.92×	23.0%	2.65%	—	Financial Services
3	NMDC LimitedNMDC	23,814	₹60,558	8.1	1.78	0.29×	21.9%	2.79%	—	Basic Materials
4	National Aluminium Company LimitedNATIONALUM	23,226	₹57,100	8.5	2.64	0.19×	31.2%	1.27%	—	Basic Materials
5	Muthoot Finance LimitedMUTHOOTFIN	20,886	₹96,954	8.5	2.39	0.80×	31.7%	1.14%	—	Financial Services
6	Indian Overseas BankIOB	23,983	₹57,500	9.8	1.48	0.92×	16.5%	0	—	Financial Services
7	Vedanta LimitedVEDL	25,098	₹91,704	9.9	2.25	0.71×	18.7%	10.23%	—	Basic Materials
8	Petronet LNG LimitedPETRONET	22,459	₹43,560	10.3	1.95	0.19×	18.9%	3.43%	—	Energy
9	The Karur Vysya Bank LimitedKARURVYSYA	20,109	₹34,418	12.5	2.44	0.90×	19.5%	0.76%	—	Financial Services
10	Indus Towers LimitedINDUSTOWER	22,337	₹1,00,701	14.1	2.43	0.44×	18.9%	3.68%	—	Communication Services
Top 20
11	Lupin LimitedLUPIN	21,807	₹87,891	15.9	3.92	0.41×	24.6%	0.93%	—	Healthcare
12	Suzlon Energy LimitedSUZLON	20,486	₹53,019	16.9	5.60	0.48×	39.4%	0	—	Industrials
13	Waaree Energies LimitedWAAREEENER	22,719	₹68,173	17.9	4.72	0.50×	26.4%	0.16%	—	Technology
14	Jindal Stainless LimitedJSL	22,618	₹58,471	18.0	2.95	0.51×	72.1%	0.56%	—	Basic Materials
15	Patanjali Foods LimitedPATANJALI	24,133	₹38,614	19.6	2.95	0.30×	15.0%	1.12%	—	Consumer Defensive
16	Sundaram Finance LimitedSUNDARMFIN	18,270	₹44,799	20.2	3.01	0.83×	15.0%	0.95%	—	Financial Services
17	Lloyds Metals and Energy LimitedLLOYDSME	19,078	₹1,01,636	21.2	7.33	0.66×	34.6%	0.06%	—	Basic Materials
18	Premier Energies LimitedPREMIERENE	19,121	₹38,995	23.2	9.05	0.60×	38.9%	0.08%	—	Technology
19	Lodha Developers LimitedLODHA	22,465	₹1,00,564	24.4	4.32	0.60×	17.7%	0.40%	—	Real Estate
20	Ashok Leyland LimitedASHOKLEY	18,187	₹85,775	24.7	6.02	0.82×	24.4%	2.41%	—	Industrials
Top 50
21	Mphasis LimitedMPHASIS	20,528	₹47,708	25.0	4.44	0.40×	17.7%	2.48%	—	Technology
22	Oracle Financial Services Software LimitedOFSS	19,464	₹85,734	25.2	10.95	0.21×	49.9%	3.81%	—	Technology
23	Indian Railway Catering & Tourism Corporation LimitedIRCTC	21,195	₹36,104	25.9	8.38	0.43×	32.3%	1.96%	—	Consumer Cyclical
24	Hexaware Technologies LimitedHEXT	22,495	₹36,066	27.1	5.37	0.42×	21.5%	1.48%	—	Technology
25	Mazagon Dock Shipbuilders LimitedMAZDOCK	21,867	₹77,541	27.1	7.95	0.64×	29.3%	0.90%	—	Industrials
26	Alkem Laboratories LimitedALKEM	21,424	₹59,943	27.8	4.34	0.31×	15.6%	0.38%	—	Healthcare
27	Welspun Corp LimitedWELCORP	19,977	₹64,454	27.9	7.04	0.54×	25.2%	0.18%	—	Basic Materials
28	Motilal Oswal Financial Services LimitedMOTILALOFS	20,242	₹58,910	30.3	4.57	0.70×	15.1%	0.59%	—	Financial Services
29	L&T Technology Services LimitedLTTS	21,395	₹41,954	31.0	6.48	0.38×	20.9%	1.56%	—	Technology
30	SBI Funds Management LimitedSBIFUNDS	17,644	₹96,077	31.3	16.11	0.07×	51.4%	0	—	Financial Services
31	SRF LimitedSRF	21,516	₹69,080	32.0	4.92	0.42×	15.4%	0.40%	—	Industrials
32	HDFC Asset Management Company LimitedHDFCAMC	18,857	₹97,536	32.8	10.57	0.08×	36.4%	2.30%	—	Financial Services
33	Dabur India LimitedDABUR	22,203	₹65,281	33.2	5.72	0.32×	17.2%	2.13%	—	Consumer Defensive
34	Abbott India LimitedABBOTINDIA	19,150	₹53,888	33.4	11.29	0.27×	33.8%	2.02%	—	Healthcare
35	Dixon Technologies (India) LimitedDIXON	15,822	₹70,493	33.9	15.07	0.72×	38.1%	0.08%	—	Technology
36	Colgate-Palmolive (India) LimitedCOLPAL	9,864	₹45,829	34.0	28.93	0.54×	85.1%	2.76%	—	Consumer Defensive
37	Glenmark Pharmaceuticals LimitedGLENMARK	20,492	₹62,047	34.5	5.90	0.47×	17.1%	0.11%	—	Healthcare
38	Hindustan Copper LimitedHINDCOPPER	19,895	₹39,894	35.1	11.94	0.24×	34.0%	0.61%	—	Basic Materials
39	Ajanta Pharma LimitedAJANTPHARM	19,623	₹40,869	36.0	9.03	0.26×	25.1%	1.88%	—	Healthcare
40	Aegis Logistics LimitedAEGISLOG	19,770	₹45,773	36.6	7.56	0.39×	20.7%	0.98%	—	Energy
41	Ipca Laboratories LimitedIPCALAB	20,003	₹48,292	36.9	5.99	0.23×	16.2%	0.31%	—	Healthcare
42	Kalyan Jewellers India LimitedKALYANKJIL	19,078	₹54,777	38.2	8.68	0.70×	22.7%	0.45%	—	Consumer Cyclical
43	K.P.R. Mill LimitedKPRMILL	21,650	₹34,991	38.4	6.14	0.17×	16.0%	0.47%	—	Consumer Cyclical
44	GlaxoSmithKline Pharmaceuticals LimitedGLAXO	15,956	₹41,228	38.6	18.18	0.48×	47.1%	2.28%	—	Healthcare
45	Nippon Life India Asset Management LimitedNAM-INDIA	18,266	₹62,468	38.7	13.41	0.10×	34.5%	2.07%	—	Financial Services
46	Coforge LimitedCOFORGE	16,730	₹84,567	39.1	8.87	0.35×	17.2%	0.86%	—	Technology
47	CRISIL LimitedCRISIL	18,468	₹34,935	39.5	10.68	0.35×	29.1%	0.90%	—	Financial Services
48	Havells India LimitedHAVELLS	21,206	₹67,337	41.7	7.12	0.36×	17.1%	1.09%	—	Industrials
49	The Supreme Industries LimitedSUPREMEIND	20,163	₹44,347	43.0	7.19	0.21×	16.7%	0.99%	—	Industrials
50	Tata Communications LimitedTATACOMM	13,652	₹47,962	43.5	13.91	0.87×	33.8%	1.02%	—	Communication Services

High ROE + low PE in other groups · India

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High ROE + low PE in other countries

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Questions

Which mid cap companies in India have a high return on equity and a low P/E?

The first five on PositoAI's list are REC Limited (5.0), Bank of Maharashtra (8.0), NMDC Limited (8.1), National Aluminium Company Limited (8.5), Muthoot Finance Limited (8.5).

How many mid cap companies in India make a profit with a return on equity of 15% or more?

72 of the 150 mid cap companies in India on PositoAI make a profit with a return on equity of 15% or more; this page shows the top 50.

How is this list made?

Profit-making companies with a return on equity of at least 15%, ordered by P/E ratio, lowest first. The list is updated every day from PositoAI's data.

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.

Profit-making companies with a return on equity of at least 15%, ordered by P/E ratio, lowest 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.