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

PosiCap · PositoAI classification

Of the 843 mini cap companies in India on PositoAI, 157 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 Bharat Rasayan Limited (Positivity Score 26,722). None of the top 10 has 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

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 Bharat Rasayan LimitedBHARATRAS 26,722 ₹1,622 6.3 1.27 0.11× 20.2% 0.05% — Basic Materials
2 Oswal Pumps LimitedOSWALPUMPS 26,615 ₹2,630 7.7 1.56 0.22× 19.3% 0 — Industrials
3 GK Energy LimitedGKENERGY 25,831 ₹1,945 8.3 2.19 0.32× 26.3% 0.44% — Utilities
4 The Bombay Burmah Trading Corporation LimitedBBTC 25,511 ₹8,063 6.2 1.15 0.34× 18.3% 1.39% — Consumer Defensive
5 Sharda Cropchem LimitedSHARDACROP 25,491 ₹5,950 9.5 1.90 0.46× 20.0% 2.07% — Basic Materials
6 Ashoka Buildcon LimitedASHOKA 25,361 ₹2,837 1.2 0.43 0.50× 37.4% 0 — Industrials
7 G.M. Breweries LimitedGMBREW 24,968 ₹1,887 10.9 1.75 0.12× 16.3% 1.07% — Consumer Defensive
8 Crizac LimitedCRIZAC 24,904 ₹2,497 11.3 4.27 0.32× 37.7% 10.57% — Consumer Defensive
9 Siyaram Silk Mills LimitedSIYSIL 24,796 ₹2,224 9.4 1.52 0.33× 16.2% 2.22% — Consumer Cyclical
10 Dhanuka Agritech LimitedDHANUKA 24,704 ₹3,825 14.4 2.27 0.20× 15.9% 0.23% — Basic Materials

Top 20

11 The Sandur Manganese & Iron Ores LimitedSANDUMA 24,473 ₹7,878 11.0 2.42 0.41× 22.0% 0.28% — Basic Materials
12 MMTC LimitedMMTC 24,415 ₹7,809 17.5 3.68 0.24× 21.1% 0 — Industrials
13 Expleo Solutions LimitedEXPLEOSOL 24,394 ₹1,307 9.5 1.68 0.16× 17.7% 12.76% — Technology
14 Saksoft LimitedSAKSOFT 24,364 ₹1,774 13.9 2.28 0.28× 16.4% 0.79% — Technology
15 Ceinsys Tech LimitedCEINSYS 24,342 ₹1,356 9.7 2.02 0.28× 18.1% 0.53% — Industrials
16 Krishna GVK Luxury Hotels LimitedTAJGVK 24,265 ₹1,941 4.7 1.90 0.20× 40.0% 0.61% — Consumer Cyclical
17 Garuda Construction and Engineering LimitedGARUDA 24,253 ₹1,355 10.0 2.98 0.29× 29.9% 0 — Industrials
18 NIIT Learning Systems LimitedNIITMTS 24,186 ₹2,599 10.4 1.69 0.50× 16.2% 1.62% — Consumer Defensive
19 Avanti Feeds LimitedAVANTIFEED 24,169 ₹9,256 17.0 2.82 0.13× 16.6% 1.43% — Consumer Defensive
20 Interarch Building Solutions LimitedINTERARCH 24,168 ₹2,537 18.9 2.88 0.32× 15.2% 0.74% — Industrials

Top 50

21 JSW Dulux LimitedJSWDULUX 24,100 ₹1,376 0.7 0.56 0.35× 80.0% 1.66% — Basic Materials
22 Nitta Gelatin India LimitedNITTAGELA 24,037 ₹1,360 13.1 2.66 0.12× 20.3% 0.42% — Basic Materials
23 Automotive Axles LimitedAUTOAXLES 24,016 ₹2,376 13.6 2.16 0.28× 15.9% 2.00% — Consumer Cyclical
24 InfoBeans Technologies LimitedINFOBEAN 23,966 ₹1,515 17.9 3.66 0.15× 20.5% 0.32% — Technology
25 Refex Industries LimitedREFEX 23,946 ₹3,231 11.4 2.15 0.47× 18.8% 0.79% — Energy
26 Newgen Software Technologies LimitedNEWGEN 23,919 ₹6,725 21.6 3.78 0.27× 17.5% 1.34% — Technology
27 SKM Egg Products Export (India) LimitedSKMEGGPROD 23,878 ₹1,061 9.5 2.69 0.34× 28.1% 0.60% — Consumer Defensive
28 Seshaasai Technologies LimitedSTYL 23,848 ₹5,030 18.8 3.53 0.14× 18.8% 0.72% — Technology
29 Transport Corporation of India LimitedTCI 23,785 ₹6,715 14.7 2.62 0.25× 17.8% 1.17% — Industrials
30 Ddev Plastiks Industries LimitedDDEVPLSTIK 23,767 ₹2,565 12.0 2.53 0.30× 21.1% 0.72% — Basic Materials
31 Vaibhav Global LimitedVAIBHAVGBL 23,708 ₹3,273 11.5 1.99 0.35× 17.3% 3.01% — Consumer Cyclical
32 Indraprastha Medical Corporation LimitedINDRAMEDCO 23,699 ₹2,801 14.9 3.78 0.25× 25.4% 1.22% — Healthcare
33 Jyothy Labs LimitedJYOTHYLAB 23,681 ₹6,513 22.9 4.10 0.29× 17.9% 1.85% — Consumer Defensive
34 Technocraft Industries (India) LimitedTIIL 23,668 ₹5,663 16.7 2.80 0.36× 16.8% 0.82% — Industrials
35 Panama Petrochem LimitedPANAMAPET 23,650 ₹2,789 5.8 1.90 0.23× 32.6% 0.61% — Energy
36 Indian Metals and Ferro Alloys LimitedIMFA 23,639 ₹5,908 11.3 2.17 0.37× 19.3% 1.06% — Basic Materials
37 BLS International Services LimitedBLS 23,623 ₹9,023 12.8 3.66 0.26× 28.6% 1.16% — Industrials
38 R Systems International LimitedRSYSTEMS 23,498 ₹3,002 16.3 2.73 0.39× 17.3% 5.83% — Technology
39 Borosil Renewables LimitedBORORENEW 23,439 ₹5,834 14.5 3.86 0.17× 25.4% 0 — Technology
40 Aeroflex Enterprises LimitedAEROENTER 23,418 ₹1,372 9.1 1.66 0.17× 18.2% 0.32% — Basic Materials
41 NDR Auto Components LimitedNDRAUTO 23,350 ₹1,583 24.4 4.43 0.36× 18.1% 0.59% — Consumer Cyclical
42 Dynamic Cables LimitedDYCL 23,331 ₹1,799 19.7 3.93 0.33× 19.9% 0.12% — Industrials
43 Savita Oil Technologies LimitedSOTL 23,286 ₹4,860 11.7 2.68 0.33× 22.8% 0.65% — Basic Materials
44 Sharda Motor Industries LimitedSHARDAMOTR 23,187 ₹4,792 14.4 3.65 0.41× 25.3% 2.29% — Consumer Cyclical
45 Tinna Rubber and Infrastructure LimitedTINNARUBR 23,183 ₹1,342 21.4 4.47 0.43× 20.6% 0.37% — Basic Materials
46 Euro Pratik Sales LimitedEUROPRATIK 23,179 ₹1,979 23.0 6.39 0.19× 27.9% 0.23% — Basic Materials
47 Talbros Automotive Components LimitedTALBROAUTO 23,176 ₹2,148 19.2 2.89 0.32× 15.1% 0.19% — Consumer Cyclical
48 Sanghvi Movers LimitedSANGHVIMOV 23,165 ₹2,844 14.3 2.17 0.44× 15.2% 0.51% — Industrials
49 AGI Greenpac LimitedAGI 23,113 ₹4,658 12.9 1.94 0.32× 15.1% 0.91% — Consumer Cyclical
50 Sun Pharma Advanced Research Company LimitedSPARC 23,113 ₹5,617 3.5 4.20 0.38× 118.3% 0 — Healthcare

Top 100

51 C. E. Info Systems LimitedMAPMYINDIA 23,077 ₹4,740 34.6 5.24 0.13× 15.1% 0.40% — Technology
52 Balu Forge Industries LimitedBALUFORGE 23,025 ₹5,372 18.4 3.37 0.14× 15.6% 0.03% — Industrials
53 Bhansali Engineering Polymers LimitedBEPL 22,987 ₹2,770 13.8 2.56 0.16× 18.5% 3.20% — Basic Materials
54 D-Link (India) LimitedDLINKINDIA 22,958 ₹1,418 13.2 2.81 0.38× 21.2% 6.29% — Technology
55 Mayur Uniquoters LimitedMAYURUNIQ 22,921 ₹3,162 15.3 2.79 0.10× 18.3% 0.76% — Consumer Cyclical
56 Filatex India LimitedFILATEX 22,846 ₹4,296 22.5 2.86 0.39× 19.9% 0.28% — Consumer Cyclical
57 Seamec LimitedSEAMECLTD 22,826 ₹4,003 15.6 3.08 0.30× 19.7% 0.13% — Industrials
58 Arrow Greentech LimitedARROWGREEN 22,819 ₹1,030 16.2 4.40 0.08× 27.2% 0.58% — Consumer Cyclical
59 Roto Pumps LimitedROTO 22,774 ₹1,070 20.0 4.46 0.31× 22.3% 0.32% — Industrials
60 Vesuvius India LimitedVESUVIUS 22,734 ₹7,886 30.0 4.51 0.21× 15.1% 0.38% — Industrials
61 Ajax Engineering LimitedAJAXENGG 22,715 ₹6,431 28.4 4.62 0.21× 16.3% 0 — Industrials
62 Uniparts India LimitedUNIPARTS 22,691 ₹3,222 17.9 3.70 0.31× 20.7% 2.07% — Industrials
63 Venus Remedies LimitedVENUSREM 22,658 ₹1,926 16.6 2.90 0.22× 17.5% 0.62% — Healthcare
64 Fiem Industries LimitedFIEMIND 22,658 ₹4,859 18.5 4.00 0.29× 21.6% 2.29% — Consumer Cyclical
65 Gandhar Oil Refinery (India) LimitedGANDHAR 22,657 ₹2,887 9.6 2.14 0.37× 22.3% 0.93% — Energy
66 VST Industries LimitedVSTIND 22,637 ₹3,374 12.1 2.33 0.28× 19.3% 5.96% — Consumer Defensive
67 Jaykay Enterprises LimitedJAYKAY 22,631 ₹2,934 14.4 4.26 0.16× 18.1% 0 — Industrials
68 PIX Transmissions LimitedPIXTRANS 22,616 ₹2,349 17.8 3.37 0.16× 18.9% 0.51% — Industrials
69 Gulf Oil Lubricants India LimitedGULFOILLUB 22,571 ₹5,172 13.9 3.37 0.47× 24.2% 4.73% — Basic Materials
70 Accelya Solutions India LimitedACCELYA 22,565 ₹1,512 15.9 6.05 0.33× 36.1% 6.59% — Technology
71 Banco Products (India) LimitedBANCOINDIA 22,490 ₹8,336 17.0 4.95 0.45× 29.1% 2.71% — Consumer Cyclical
72 GPT Healthcare LimitedGPTHEALTH 22,412 ₹1,095 23.2 4.07 0.42× 17.5% 2.15% — Healthcare
73 Goldiam International LimitedGOLDIAM 22,404 ₹4,545 21.8 4.11 0.18× 18.9% 0.92% — Consumer Cyclical
74 Styrenix Performance Materials LimitedSTYRENIX 22,381 ₹3,515 12.9 2.57 0.45× 20.0% 2.30% — Basic Materials
75 Safari Industries (India) LimitedSAFARI 22,343 ₹6,198 37.1 5.56 0.23× 15.0% 0.31% — Consumer Cyclical
76 Gravita India LimitedGRAVITA 22,330 ₹9,917 25.3 4.05 0.28× 16.0% 0 — Industrials
77 SKF India LimitedSKFINDIA 22,312 ₹6,998 33.5 5.26 0.36× 15.7% 2.82% — Industrials
78 Wakefit Innovations LimitedWAKEFIT 22,266 ₹4,443 22.8 3.93 0.35× 17.1% 0 — Consumer Cyclical
79 Blue Jet Healthcare LimitedBLUEJET 22,207 ₹8,459 36.0 6.22 0.17× 17.3% 0.23% — Healthcare
80 Ador Welding LimitedADOR 22,206 ₹2,340 20.6 4.22 0.33× 20.4% 1.51% — Industrials
81 Jagsonpal Pharmaceuticals LimitedJAGSNPHARM 22,193 ₹1,392 31.4 5.04 0.13× 17.0% 1.11% — Healthcare
82 Apcotex Industries LimitedAPCOTEXIND 22,146 ₹2,783 17.3 4.48 0.37× 26.0% 1.34% — Basic Materials
83 Shringar House of Mangalsutra LimitedSHRINGARMS 22,129 ₹2,873 22.6 4.24 0.24× 18.7% 0 — Consumer Cyclical
84 Gujarat Pipavav Port LimitedGPPL 22,088 ₹7,769 13.9 3.25 0.21× 23.7% 5.96% — Industrials
85 Supriya Lifescience LimitedSUPRIYA 22,030 ₹6,730 33.9 5.62 0.12× 16.6% 0.12% — Healthcare
86 Campus Activewear LimitedCAMPUS 22,025 ₹5,843 37.9 6.45 0.38× 17.0% 0.76% — Consumer Cyclical
87 3B Blackbio Dx Limited3BBLACKBIO 21,946 ₹1,158 20.5 3.57 0.12× 16.9% 0.34% — Healthcare
88 Transformers and Rectifiers (India) LimitedTARIL 21,913 ₹9,440 36.5 6.23 0.42× 16.7% 0.09% — Industrials
89 Pondy Oxides And Chemicals LimitedPOCL 21,899 ₹3,241 26.5 4.11 0.20× 15.5% 0.45% — Basic Materials
90 Tanla Platforms LimitedTANLA 21,838 ₹7,676 14.5 3.09 0.33× 21.4% 2.41% — Technology
91 Rajputana Stainless LimitedRSL 21,812 ₹1,444 20.9 3.98 0.39× 15.8% 0.29% — Basic Materials
92 PNGS Reva Diamond Jewellery LimitedPNGSREVA 21,774 ₹2,081 19.0 4.04 0.28× 21.3% 0 — Consumer Cyclical
93 Indo Tech Transformers LimitedINDOTECH 21,717 ₹2,843 28.6 7.61 0.33× 26.6% 0.32% — Industrials
94 Piccadily Agro Industries LimitedPICCADIL 21,701 ₹5,429 38.4 6.03 0.45× 15.4% 0.17% — Consumer Defensive
95 Vimta Labs LimitedVIMTALABS 21,668 ₹2,187 27.8 4.79 0.19× 17.2% 0.37% — Healthcare
96 Kirloskar Pneumatic Company LimitedKIRLPNU 21,635 ₹7,839 29.9 6.28 0.28× 21.0% 0.90% — Industrials
97 Shanti Gold International LimitedSHANTIGOLD 21,557 ₹2,844 13.9 4.75 0.30× 31.4% 0 — Consumer Cyclical
98 Eveready Industries India LimitedEVEREADY 21,552 ₹2,285 12.8 3.67 0.49× 28.6% 0.78% — Industrials
99 Sanofi India LimitedSANOFI 21,541 ₹6,520 20.1 7.89 0.41× 40.3% 4.18% — Healthcare
100 Jeena Sikho Lifecare LimitedJSLL 21,511 ₹4,343 18.4 9.30 0.31× 50.5% 1.17% — Healthcare

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

The first five on PositoAI's list are Bharat Rasayan Limited (26,722), Oswal Pumps Limited (26,615), GK Energy Limited (25,831), The Bombay Burmah Trading Corporation Limited (25,511), Sharda Cropchem Limited (25,491).

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

157 of the 843 mini 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 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 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.