Top 10 Mini Cap Stocks Trading Below Book Value (₹1,000 Cr to ₹10,000 Cr) in India — Top 50 List

PosiCap · PositoAI classification

Of the 843 mini cap companies in India on PositoAI, 96 trade below book value. First on the list is Rajesh Exports Limited (0.09). The median among them is 0.76. 3 of the top 10 have an active red or yellow flag.

Mini Cap is one of PosiCap, PositoAI's own size classes: companies with a market value ₹1,000 Cr to ₹10,000 Cr (about $106M to $1.1B). It is not the SEBI or index definition. About PosiCap

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Positivity Score High dividend Debt free Low debt Low PE Below book value 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 High score near 52-week high

#	Company	Score	Market Cap (INR Cr)	P/E	P/B	Owes vs Owns	ROE	Div Yield	Flag	Sector
1	Rajesh Exports LimitedRAJESHEXPO	25,178	₹1,534	9.1	0.09	0.57×	1.0%	0	⚑	Consumer Cyclical
2	Reliance Infrastructure LimitedRELINFRA	22,469	₹2,060	0.7	0.12	0.59×	17.6%	0	⚑	Utilities
3	Summit Securities LimitedSUMMITSEC	26,267	₹1,427	11.9	0.17	0.13×	1.4%	0	—	Financial Services
4	Brightcom Group LimitedBCG	23,653	₹1,766	1.7	0.17	0.12×	9.6%	0	⚑	Communication Services
5	BF Investment LimitedBFINVEST	25,515	₹1,479	3.8	0.17	0.09×	4.6%	2.34%	—	Financial Services
6	Kalyani Investment Company LimitedKICL	25,354	₹2,007	49.4	0.18	0.08×	0.4%	0.21%	—	Financial Services
7	Hinduja Global Solutions LimitedHGS	23,216	₹1,603	Loss	0.19	0.27×	-1.6%	1.41%	—	Industrials
8	Pilani Investment and Industries Corporation LimitedPILANIINVS	22,463	₹4,302	Loss	0.27	0.19×	-0.1%	0.23%	—	Financial Services
9	Jain Irrigation Systems LimitedJISLJALEQS	21,971	₹1,749	Loss	0.30	0.51×	-0.9%	0	—	Industrials
10	Vardhman Holdings LimitedVHL	24,666	₹1,139	4.5	0.30	0.00×	6.7%	0.14%	—	Financial Services
Top 20
11	Dishman Carbogen Amcis LimitedDCAL	25,300	₹2,195	137.3	0.33	0.44×	0.2%	0	—	Healthcare
12	Raymond Lifestyle LimitedRAYMONDLSL	25,488	₹3,233	72.7	0.34	0.31×	0.5%	0.18%	⚑	Consumer Cyclical
13	Hathway Cable and Datacom LimitedHATHWAY	25,472	₹1,637	22.0	0.37	0.14×	1.8%	0	—	Communication Services
14	UGRO Capital LimitedUGROCAP	20,138	₹1,177	5.4	0.41	0.79×	7.5%	0	—	Financial Services
15	Ashoka Buildcon LimitedASHOKA	25,361	₹2,837	1.2	0.43	0.50×	37.4%	0	—	Industrials
16	Reliance Power LimitedRPOWER	22,048	₹7,051	Loss	0.44	0.61×	-2.0%	0	—	Utilities
17	Gujarat State Fertilizers & Chemicals LimitedGSFC	23,839	₹5,467	7.9	0.45	0.15×	5.7%	3.39%	—	Basic Materials
18	Kiri Industries LimitedKIRIINDUS	24,313	₹3,056	0.5	0.47	0.08×	88.2%	0	⚑	Basic Materials
19	Repco Home Finance LimitedREPCOHOME	20,783	₹1,959	4.1	0.48	0.75×	11.9%	3.64%	—	Financial Services
20	Patel Engineering LimitedPATELENG	23,622	₹2,210	7.7	0.50	0.53×	7.0%	0	—	Industrials
Top 50
21	Uflex LimitedUFLEX	22,333	₹4,117	6.2	0.51	0.63×	8.2%	0.47%	—	Consumer Cyclical
22	PNC Infratech LimitedPNCINFRA	24,803	₹3,605	4.9	0.53	0.51×	10.8%	0.45%	—	Industrials
23	Kirloskar Industries LimitedKIRLOSIND	25,001	₹3,321	22.3	0.53	0.29×	2.4%	0.37%	—	Industrials
24	GOCL Corporation LimitedGOCLCORP	24,753	₹1,685	6.2	0.54	0.12×	8.6%	8.39%	—	Basic Materials
25	Ramco Industries LimitedRAMCOIND	24,248	₹2,489	7.6	0.55	0.09×	7.3%	0.43%	—	Industrials
26	Shipping Corporation of India Land and Assets LimitedSCILAL	24,969	₹1,662	58.5	0.55	0.15×	0.8%	1.49%	—	Real Estate
27	Zee Entertainment Enterprises LimitedZEEL	20,732	₹6,575	32.3	0.56	0.17×	1.7%	2.86%	⚑	Communication Services
28	JSW Dulux LimitedJSWDULUX	24,100	₹1,376	0.7	0.56	0.35×	80.0%	1.66%	—	Basic Materials
29	Maithan Alloys LimitedMAITHANALL	25,283	₹2,370	8.2	0.57	0.15×	7.0%	1.93%	—	Basic Materials
30	KNR Constructions LimitedKNRCON	24,474	₹2,902	7.4	0.58	0.39×	7.9%	0.22%	—	Industrials
31	Prakash Industries LimitedPRAKASH	23,904	₹2,120	6.8	0.59	0.24×	8.7%	1.52%	—	Basic Materials
32	Bengal & Assam Company LimitedBENGALASM	24,528	₹6,642	8.7	0.62	0.12×	7.1%	0.84%	—	Consumer Cyclical
33	Seshasayee Paper and Boards LimitedSESHAPAPER	23,922	₹1,287	12.4	0.63	0.18×	4.8%	0.90%	—	Basic Materials
34	Excel Industries LimitedEXCELINDUS	24,023	₹1,078	15.1	0.63	0.19×	4.2%	1.49%	—	Basic Materials
35	Gujarat Industries Power Company LimitedGIPCL	23,290	₹2,440	4.9	0.64	0.59×	13.1%	2.46%	—	Utilities
36	The Andhra Sugars LimitedANDHRSUGAR	24,006	₹1,070	10.3	0.64	0.19×	6.2%	1.13%	—	Basic Materials
37	Andhra Paper LimitedANDHRAPAP	24,350	₹1,285	46.5	0.66	0.24×	1.4%	0.74%	—	Basic Materials
38	India Glycols LimitedINDIAGLYCO	26,253	₹1,983	6.0	0.68	0.55×	11.3%	2.28%	—	Basic Materials
39	Capacit'e Infraprojects LimitedCAPACITE	23,999	₹1,310	7.1	0.69	0.51×	9.7%	0	⚑	Industrials
40	PTC India LimitedPTC	22,978	₹4,163	8.2	0.70	0.44×	8.5%	7.43%	—	Utilities
41	Suryoday Small Finance Bank LimitedSURYODAY	22,001	₹1,466	7.6	0.71	0.90×	9.2%	1.01%	—	Financial Services
42	Polyplex Corporation LimitedPOLYPLEX	22,913	₹3,006	18.7	0.71	0.21×	3.7%	0.20%	—	Basic Materials
43	RattanIndia Power LimitedRTNPOWER	23,910	₹3,340	29.6	0.72	0.52×	2.4%	0	—	Utilities
44	Embassy Developments LimitedEMBDL	22,123	₹7,189	Loss	0.73	0.54×	-6.5%	0	—	Real Estate
45	Electrosteel Castings LimitedELECTCAST	23,758	₹4,321	35.7	0.73	0.37×	2.0%	1.20%	—	Industrials
46	Jaiprakash Power Ventures LimitedJPPOWER	22,733	₹9,320	19.2	0.73	0.29×	5.5%	0	⚑	Utilities
47	GHCL Textiles LimitedGHCLTEXTIL	22,201	₹1,130	11.7	0.75	0.20×	6.4%	0.48%	—	Consumer Cyclical
48	Vindhya Telelinks LimitedVINDHYATEL	22,517	₹3,191	14.1	0.76	0.50×	5.4%	0.21%	—	Industrials
49	Network18 Media & Investments LimitedNETWORK18	22,710	₹3,742	Loss	0.76	0.45×	-0.7%	0	—	Communication Services
50	Shriram Properties LimitedSHRIRAMPPS	23,026	₹1,111	12.2	0.76	0.61×	6.3%	0	—	Real Estate

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Questions

Which mini cap companies in India have a share price below book value?

The first five on PositoAI's list are Rajesh Exports Limited (0.09), Reliance Infrastructure Limited (0.12), Summit Securities Limited (0.17), Brightcom Group Limited (0.17), BF Investment Limited (0.17).

How many mini cap companies in India trade below book value?

96 of the 843 mini cap companies in India on PositoAI trade below book value; this page shows the top 50.

How is this list made?

Companies whose share price is below their book value per share (P/B under 1), lowest P/B first. The list is updated every day from PositoAI's data.

What is a Mini Cap stock?

Mini Cap is one of PosiCap, PositoAI's own size classes: companies with a market value ₹1,000 Cr to ₹10,000 Cr (about $106M to $1.1B). It is not the SEBI or index definition.

Companies whose share price is below their book value per share (P/B under 1), lowest P/B 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.