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Top 10 High ROE Low PE 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, 267 make a profit with a return on equity of 15% or more. First on the list is Kiri Industries Limited (0.5). 2 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

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 Kiri Industries LimitedKIRIINDUS 24,313 ₹3,056 0.5 0.47 0.08× 88.2% 0 ⚑ Basic Materials
2 Reliance Infrastructure LimitedRELINFRA 22,469 ₹2,060 0.7 0.12 0.59× 17.6% 0 ⚑ Utilities
3 JSW Dulux LimitedJSWDULUX 24,100 ₹1,376 0.7 0.56 0.35× 80.0% 1.66% — Basic Materials
4 Ashoka Buildcon LimitedASHOKA 25,361 ₹2,837 1.2 0.43 0.50× 37.4% 0 — Industrials
5 Mukand LimitedMUKANDLTD 23,120 ₹2,216 3.5 1.46 0.63× 41.5% 1.14% — Basic Materials
6 Sun Pharma Advanced Research Company LimitedSPARC 23,113 ₹5,617 3.5 4.20 0.38× 118.3% 0 — Healthcare
7 Krishna GVK Luxury Hotels LimitedTAJGVK 24,265 ₹1,941 4.7 1.90 0.20× 40.0% 0.61% — Consumer Cyclical
8 Dilip Buildcon LimitedDBL 23,311 ₹6,181 4.8 0.91 0.63× 15.1% 0.25% — Industrials
9 HMA Agro Industries LimitedHMAAGRO 23,964 ₹1,202 5.6 1.28 0.60× 22.6% 0 — Consumer Defensive
10 Panama Petrochem LimitedPANAMAPET 23,650 ₹2,789 5.8 1.90 0.23× 32.6% 0.61% — Energy

Top 20

11 Elitecon International LimitedELITECON 25,385 ₹1,080 5.8 3.10 0.72× 46.8% 0 — Consumer Defensive
12 SAMHI Hotels LimitedSAMHI 20,954 ₹3,346 5.8 1.53 0.49× 37.5% 0 — Consumer Cyclical
13 Globus Spirits LimitedGLOBUSSPR 23,424 ₹2,290 6.2 2.10 0.52× 30.6% 0.84% — Consumer Defensive
14 The Bombay Burmah Trading Corporation LimitedBBTC 25,511 ₹8,063 6.2 1.15 0.34× 18.3% 1.39% — Consumer Defensive
15 Bharat Rasayan LimitedBHARATRAS 26,722 ₹1,622 6.3 1.27 0.11× 20.2% 0.05% — Basic Materials
16 K.P. Energy LimitedKPEL 23,833 ₹1,166 6.3 2.23 0.81× 34.8% 0.38% — Industrials
17 Insolation Energy LimitedINA 24,570 ₹1,469 7.3 1.82 0.62× 24.9% 0 — Technology
18 Oswal Pumps LimitedOSWALPUMPS 26,615 ₹2,630 7.7 1.56 0.22× 19.3% 0 — Industrials
19 Can Fin Homes LimitedCANFINHOME 16,627 ₹9,525 8.3 1.59 0.87× 19.4% 2.19% — Financial Services
20 GK Energy LimitedGKENERGY 25,831 ₹1,945 8.3 2.19 0.32× 26.3% 0.44% — Utilities

Top 50

21 Websol Energy System LimitedWEBELSOLAR 21,450 ₹2,655 8.6 4.21 0.32× 51.2% 0.38% ⚑ Technology
22 EFC (I) LimitedEFCIL 22,057 ₹2,596 8.8 3.22 0.70× 33.9% 0 — Real Estate
23 Sundaram-Clayton LimitedSUNCLAY 23,251 ₹2,274 9.1 1.76 0.61× 19.4% 0.41% — Industrials
24 Senco Gold LimitedSENCO 22,783 ₹5,188 9.1 2.06 0.64× 22.7% 0.52% — Consumer Cyclical
25 Aeroflex Enterprises LimitedAEROENTER 23,418 ₹1,372 9.1 1.66 0.17× 18.2% 0.32% — Basic Materials
26 Jay Bharat Maruti LimitedJAYBARMARU 23,793 ₹1,291 9.3 1.85 0.62× 19.9% 0.55% — Consumer Cyclical
27 Siyaram Silk Mills LimitedSIYSIL 24,796 ₹2,224 9.4 1.52 0.33× 16.2% 2.22% — Consumer Cyclical
28 Expleo Solutions LimitedEXPLEOSOL 24,394 ₹1,307 9.5 1.68 0.16× 17.7% 12.76% — Technology
29 Sharda Cropchem LimitedSHARDACROP 25,491 ₹5,950 9.5 1.90 0.46× 20.0% 2.07% — Basic Materials
30 SKM Egg Products Export (India) LimitedSKMEGGPROD 23,878 ₹1,061 9.5 2.69 0.34× 28.1% 0.60% — Consumer Defensive
31 Gandhar Oil Refinery (India) LimitedGANDHAR 22,657 ₹2,887 9.6 2.14 0.37× 22.3% 0.93% — Energy
32 Ceinsys Tech LimitedCEINSYS 24,342 ₹1,356 9.7 2.02 0.28× 18.1% 0.53% — Industrials
33 Garuda Construction and Engineering LimitedGARUDA 24,253 ₹1,355 10.0 2.98 0.29× 29.9% 0 — Industrials
34 Ashapura Minechem LimitedASHAPURMIN 23,441 ₹4,133 10.2 2.51 0.65× 24.7% 0.42% — Basic Materials
35 Fischer Medical Ventures LimitedFISCHER 24,986 ₹1,667 10.2 4.34 0.43× 39.3% 0.16% ⚑ Healthcare
36 NIIT Learning Systems LimitedNIITMTS 24,186 ₹2,599 10.4 1.69 0.50× 16.2% 1.62% — Consumer Defensive
37 G.M. Breweries LimitedGMBREW 24,968 ₹1,887 10.9 1.75 0.12× 16.3% 1.07% — Consumer Defensive
38 The Sandur Manganese & Iron Ores LimitedSANDUMA 24,473 ₹7,878 11.0 2.42 0.41× 22.0% 0.28% — Basic Materials
39 Tembo Global Industries LimitedTEMBO 25,339 ₹1,009 11.0 2.23 0.62× 15.5% 0.18% — Industrials
40 Gokul Agro Resources LimitedGOKULAGRO 22,581 ₹5,941 11.2 4.18 0.71× 37.5% 0 — Consumer Defensive
41 Indian Metals and Ferro Alloys LimitedIMFA 23,639 ₹5,908 11.3 2.17 0.37× 19.3% 1.06% — Basic Materials
42 Crizac LimitedCRIZAC 24,904 ₹2,497 11.3 4.27 0.32× 37.7% 10.57% — Consumer Defensive
43 Refex Industries LimitedREFEX 23,946 ₹3,231 11.4 2.15 0.47× 18.8% 0.79% — Energy
44 Vaibhav Global LimitedVAIBHAVGBL 23,708 ₹3,273 11.5 1.99 0.35× 17.3% 3.01% — Consumer Cyclical
45 Genus Power Infrastructures LimitedGENUSPOWER 21,116 ₹7,475 11.5 3.37 0.65× 29.2% 0.17% — Industrials
46 GMR Power And Urban Infra LimitedGMRP&UI 16,225 ₹7,546 11.6 3.96 0.88× 34.3% 0 ⚑ Energy
47 iValue Infosolutions LimitedIVALUE 22,860 ₹1,200 11.6 2.11 0.61× 18.3% 0 — Technology
48 Savita Oil Technologies LimitedSOTL 23,286 ₹4,860 11.7 2.68 0.33× 22.8% 0.65% — Basic Materials
49 BF Utilities LimitedBFUTILITIE 18,227 ₹1,617 11.8 5.37 0.54× 38.9% 0 — Industrials
50 GE Power India LimitedGVPIL 22,379 ₹4,093 12.0 7.03 0.73× 58.8% 1.07% — Industrials

Top 100

51 Ddev Plastiks Industries LimitedDDEVPLSTIK 23,767 ₹2,565 12.0 2.53 0.30× 21.1% 0.72% — Basic Materials
52 VST Industries LimitedVSTIND 22,637 ₹3,374 12.1 2.33 0.28× 19.3% 5.96% — Consumer Defensive
53 India Shelter Finance Corporation LimitedINDIASHLTR 21,536 ₹6,649 12.7 2.08 0.67× 16.2% 1.65% — Financial Services
54 Hester Biosciences LimitedHESTERBIO 20,694 ₹1,826 12.8 5.07 0.46× 39.7% 0.51% — Healthcare
55 KPI Green Energy LimitedKPIGREEN 22,684 ₹5,848 12.8 1.93 0.67× 15.0% 0.31% — Utilities
56 BLS International Services LimitedBLS 23,623 ₹9,023 12.8 3.66 0.26× 28.6% 1.16% — Industrials
57 Eveready Industries India LimitedEVEREADY 21,552 ₹2,285 12.8 3.67 0.49× 28.6% 0.78% — Industrials
58 Jayaswal Neco Industries LimitedJAYNECOIND 21,000 ₹8,839 12.8 3.11 0.52× 24.2% 0 ⚑ Basic Materials
59 AGI Greenpac LimitedAGI 23,113 ₹4,658 12.9 1.94 0.32× 15.1% 0.91% — Consumer Cyclical
60 Styrenix Performance Materials LimitedSTYRENIX 22,381 ₹3,515 12.9 2.57 0.45× 20.0% 2.30% — Basic Materials
61 Magellanic Cloud LimitedMCLOUD 24,405 ₹1,434 13.0 2.09 0.40× 16.1% 0 ⚑ Technology
62 Runwal Enterprises LimitedRUNWALENTR 21,874 ₹3,279 13.1 3.33 — 27.9% 0 — Real Estate
63 Nitta Gelatin India LimitedNITTAGELA 24,037 ₹1,360 13.1 2.66 0.12× 20.3% 0.42% — Basic Materials
64 D-Link (India) LimitedDLINKINDIA 22,958 ₹1,418 13.2 2.81 0.38× 21.2% 6.29% — Technology
65 Raymond Realty LimitedRAYMONDREL 22,057 ₹3,995 13.3 2.55 0.78× 19.1% 0.29% — Real Estate
66 Alldigi Tech LimitedALLDIGI 22,152 ₹1,154 13.5 4.60 0.52× 34.0% 7.58% — Industrials
67 Automotive Axles LimitedAUTOAXLES 24,016 ₹2,376 13.6 2.16 0.28× 15.9% 2.00% — Consumer Cyclical
68 Sandhar Technologies LimitedSANDHAR 23,746 ₹2,865 13.8 2.15 0.62× 15.6% 0.75% — Consumer Cyclical
69 Bhansali Engineering Polymers LimitedBEPL 22,987 ₹2,770 13.8 2.56 0.16× 18.5% 3.20% — Basic Materials
70 Saksoft LimitedSAKSOFT 24,364 ₹1,774 13.9 2.28 0.28× 16.4% 0.79% — Technology
71 Shanti Gold International LimitedSHANTIGOLD 21,557 ₹2,844 13.9 4.75 0.30× 31.4% 0 — Consumer Cyclical
72 Gulf Oil Lubricants India LimitedGULFOILLUB 22,571 ₹5,172 13.9 3.37 0.47× 24.2% 4.73% — Basic Materials
73 Gujarat Pipavav Port LimitedGPPL 22,088 ₹7,769 13.9 3.25 0.21× 23.7% 5.96% — Industrials
74 Shankesh Jewellers LimitedSHANKESH 20,048 ₹1,487 13.9 7.10 0.48× 40.8% 0 — Consumer Cyclical
75 Sanghvi Movers LimitedSANGHVIMOV 23,165 ₹2,844 14.3 2.17 0.44× 15.2% 0.51% — Industrials
76 Sonata Software LimitedSONATSOFTW 21,998 ₹6,636 14.3 3.48 0.63× 24.3% 3.30% — Technology
77 Jaykay Enterprises LimitedJAYKAY 22,631 ₹2,934 14.4 4.26 0.16× 18.1% 0 — Industrials
78 Kernex Microsystems (India) LimitedKERNEX 17,771 ₹2,748 14.4 11.08 0.73× 76.8% 0 — Technology
79 Dhanuka Agritech LimitedDHANUKA 24,704 ₹3,825 14.4 2.27 0.20× 15.9% 0.23% — Basic Materials
80 Sharda Motor Industries LimitedSHARDAMOTR 23,187 ₹4,792 14.4 3.65 0.41× 25.3% 2.29% — Consumer Cyclical
81 Tanla Platforms LimitedTANLA 21,838 ₹7,676 14.5 3.09 0.33× 21.4% 2.41% — Technology
82 Borosil Renewables LimitedBORORENEW 23,439 ₹5,834 14.5 3.86 0.17× 25.4% 0 — Technology
83 Monarch Networth Capital LimitedMONARCH 22,686 ₹2,623 14.5 2.70 0.38× 18.6% 0.30% — Financial Services
84 Arvind SmartSpaces LimitedARVSMART 21,231 ₹2,708 14.5 4.17 0.75× 27.5% 0.38% — Real Estate
85 Transport Corporation of India LimitedTCI 23,785 ₹6,715 14.7 2.62 0.25× 17.8% 1.17% — Industrials
86 GPT Infraprojects LimitedGPTINFRA 23,228 ₹1,451 14.7 2.41 0.57× 16.3% 3.43% — Industrials
87 Waaree Renewable Technologies LimitedWAAREERTL 22,139 ₹7,504 14.8 8.03 0.61× 54.2% 0 — Industrials
88 Indraprastha Medical Corporation LimitedINDRAMEDCO 23,699 ₹2,801 14.9 3.78 0.25× 25.4% 1.22% — Healthcare
89 Strides Pharma Science LimitedSTAR 21,103 ₹9,202 15.0 2.96 0.55× 19.7% 0.46% — Healthcare
90 Transrail Lighting LimitedTRANSRAILL 24,201 ₹6,104 15.1 2.68 0.69× 17.6% 0.43% — Industrials
91 Mayur Uniquoters LimitedMAYURUNIQ 22,921 ₹3,162 15.3 2.79 0.10× 18.3% 0.76% — Consumer Cyclical
92 Dynacons Systems & Solutions LimitedDSSL 22,955 ₹1,300 15.3 4.13 0.69× 26.9% 0.05% — Technology
93 Bajaj Hindusthan Sugar LimitedBAJAJHIND 21,345 ₹4,531 15.4 1.19 0.73× 29.2% 0 — Consumer Defensive
94 Seamec LimitedSEAMECLTD 22,826 ₹4,003 15.6 3.08 0.30× 19.7% 0.13% — Industrials
95 Nirlon LimitedNIRLON 15,435 ₹5,654 15.8 12.07 0.79× 76.2% 4.79% — Real Estate
96 Accelya Solutions India LimitedACCELYA 22,565 ₹1,512 15.9 6.05 0.33× 36.1% 6.59% — Technology
97 Ardee Industries LimitedARDEE 19,840 ₹1,367 15.9 9.28 0.59× 80.7% 0 — Industrials
98 Arrow Greentech LimitedARROWGREEN 22,819 ₹1,030 16.2 4.40 0.08× 27.2% 0.58% — Consumer Cyclical
99 R Systems International LimitedRSYSTEMS 23,498 ₹3,002 16.3 2.73 0.39× 17.3% 5.83% — Technology
100 Signpost India LimitedSIGNPOST 22,195 ₹1,219 16.6 4.24 0.58× 25.5% 0.19% — Communication Services

High ROE + low PE in other groups · India

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Questions

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

The first five on PositoAI's list are Kiri Industries Limited (0.5), Reliance Infrastructure Limited (0.7), JSW Dulux Limited (0.7), Ashoka Buildcon Limited (1.2), Mukand Limited (3.5).

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

267 of the 843 mini cap companies in India on PositoAI make a profit with a return on equity of 15% or more; this page shows the top 100.

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 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.

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.

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.