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Top 10 High ROE 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, 751 have a positive return on equity. First on the list is Sun Pharma Advanced Research Company Limited (118.3%). The median among them is 12.30%. 1 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 Sun Pharma Advanced Research Company LimitedSPARC 23,113 ₹5,617 3.5 4.20 0.38× 118.3% 0 — Healthcare
2 Timex Group India LimitedTIMEX -5,243 ₹6,392 75.4 57.44 0.67× 112.5% 0 — Consumer Cyclical
3 Kiri Industries LimitedKIRIINDUS 24,313 ₹3,056 0.5 0.47 0.08× 88.2% 0 ⚑ Basic Materials
4 Sanofi Consumer Healthcare India LimitedSANOFICONR 14,859 ₹7,514 28.3 21.60 0.51× 88.0% 2.16% — Healthcare
5 Ardee Industries LimitedARDEE 19,840 ₹1,367 15.9 9.28 0.59× 80.7% 0 — Industrials
6 JSW Dulux LimitedJSWDULUX 24,100 ₹1,376 0.7 0.56 0.35× 80.0% 1.66% — Basic Materials
7 Tips Music LimitedTIPSMUSIC 6,223 ₹9,196 40.7 35.38 0.28× 78.1% 1.21% — Communication Services
8 Kernex Microsystems (India) LimitedKERNEX 17,771 ₹2,748 14.4 11.08 0.73× 76.8% 0 — Technology
9 Nirlon LimitedNIRLON 15,435 ₹5,654 15.8 12.07 0.79× 76.2% 4.79% — Real Estate
10 Procter & Gamble Health LimitedPGHL 16,392 ₹8,403 23.5 16.02 0.38× 68.1% 2.98% — Healthcare

Top 20

11 GE Power India LimitedGVPIL 22,379 ₹4,093 12.0 7.03 0.73× 58.8% 1.07% — Industrials
12 Waaree Renewable Technologies LimitedWAAREERTL 22,139 ₹7,504 14.8 8.03 0.61× 54.2% 0 — Industrials
13 ESAB India LimitedESABINDIA 15,562 ₹8,296 37.4 19.32 0.39× 51.7% 1.85% — Industrials
14 Websol Energy System LimitedWEBELSOLAR 21,450 ₹2,655 8.6 4.21 0.32× 51.2% 0.38% ⚑ Technology
15 SBC Exports LimitedSBC 1,981 ₹2,958 73.1 36.89 0.82× 51.2% 0 — Consumer Cyclical
16 Jeena Sikho Lifecare LimitedJSLL 21,511 ₹4,343 18.4 9.30 0.31× 50.5% 1.17% — Healthcare
17 Swaraj Engines LimitedSWARAJENG 19,959 ₹4,134 19.4 8.46 0.37× 49.3% 2.94% — Industrials
18 Elitecon International LimitedELITECON 25,385 ₹1,080 5.8 3.10 0.72× 46.8% 0 — Consumer Defensive
19 Lohia Corp LimitedLCL 18,336 ₹5,992 24.7 11.49 0.60× 46.6% 0 — Industrials
20 Mukand LimitedMUKANDLTD 23,120 ₹2,216 3.5 1.46 0.63× 41.5% 1.14% — Basic Materials

Top 50

21 Shankesh Jewellers LimitedSHANKESH 20,048 ₹1,487 13.9 7.10 0.48× 40.8% 0 — Consumer Cyclical
22 Sanofi India LimitedSANOFI 21,541 ₹6,520 20.1 7.89 0.41× 40.3% 4.18% — Healthcare
23 Krishna GVK Luxury Hotels LimitedTAJGVK 24,265 ₹1,941 4.7 1.90 0.20× 40.0% 0.61% — Consumer Cyclical
24 Hester Biosciences LimitedHESTERBIO 20,694 ₹1,826 12.8 5.07 0.46× 39.7% 0.51% — Healthcare
25 Fischer Medical Ventures LimitedFISCHER 24,986 ₹1,667 10.2 4.34 0.43× 39.3% 0.16% ⚑ Healthcare
26 BF Utilities LimitedBFUTILITIE 18,227 ₹1,617 11.8 5.37 0.54× 38.9% 0 — Industrials
27 D. P. Abhushan LimitedDPABHUSHAN 20,432 ₹4,833 20.2 7.64 0.45× 37.8% 0 — Consumer Cyclical
28 Crizac LimitedCRIZAC 24,904 ₹2,497 11.3 4.27 0.32× 37.7% 10.57% — Consumer Defensive
29 SAMHI Hotels LimitedSAMHI 20,954 ₹3,346 5.8 1.53 0.49× 37.5% 0 — Consumer Cyclical
30 Gokul Agro Resources LimitedGOKULAGRO 22,581 ₹5,941 11.2 4.18 0.71× 37.5% 0 — Consumer Defensive
31 Ashoka Buildcon LimitedASHOKA 25,361 ₹2,837 1.2 0.43 0.50× 37.4% 0 — Industrials
32 Indian Energy Exchange LimitedIEX 19,340 ₹9,248 18.2 6.78 0.44× 37.4% 3.82% — Financial Services
33 Shukra Pharmaceuticals LimitedSHUKRAPHAR 8,357 ₹2,767 80.2 30.80 0.23× 37.2% 0.01% — Healthcare
34 Accelya Solutions India LimitedACCELYA 22,565 ₹1,512 15.9 6.05 0.33× 36.1% 6.59% — Technology
35 K.P. Energy LimitedKPEL 23,833 ₹1,166 6.3 2.23 0.81× 34.8% 0.38% — Industrials
36 GMR Power And Urban Infra LimitedGMRP&UI 16,225 ₹7,546 11.6 3.96 0.88× 34.3% 0 ⚑ Energy
37 Alldigi Tech LimitedALLDIGI 22,152 ₹1,154 13.5 4.60 0.52× 34.0% 7.58% — Industrials
38 EFC (I) LimitedEFCIL 22,057 ₹2,596 8.8 3.22 0.70× 33.9% 0 — Real Estate
39 Algoquant Fintech LimitedALGOQUANT 15,594 ₹2,093 46.0 15.57 0.51× 33.7% 0 ⚑ Financial Services
40 Frontier Springs LimitedFRONTSP 20,605 ₹1,479 24.3 8.06 0.16× 33.2% 0.05% — Industrials
41 Panama Petrochem LimitedPANAMAPET 23,650 ₹2,789 5.8 1.90 0.23× 32.6% 0.61% — Energy
42 Sunshine Pictures LimitedSUNSHINE 18,819 ₹1,219 2175.8 8.41 0.19× 32.3% 0 — Communication Services
43 MPS LimitedMPSLTD 21,435 ₹3,926 20.9 6.59 0.37× 31.6% 0 — Communication Services
44 Shanti Gold International LimitedSHANTIGOLD 21,557 ₹2,844 13.9 4.75 0.30× 31.4% 0 — Consumer Cyclical
45 Globus Spirits LimitedGLOBUSSPR 23,424 ₹2,290 6.2 2.10 0.52× 30.6% 0.84% — Consumer Defensive
46 Hawkins Cookers LimitedHAWKINCOOK 19,666 ₹4,022 29.7 9.03 0.35× 30.5% 1.75% — Consumer Cyclical
47 Canara Robeco Asset Management Company LimitedCRAMC 23,113 ₹4,230 19.4 5.67 0.09× 30.2% 1.82% — Financial Services
48 HD Fire Protect LimitedHDFIRE 18,285 ₹4,848 — 12.09 — 30.2% 0 — Industrials
49 SML Mahindra LimitedSMLMAH 17,270 ₹7,164 45.8 13.80 0.63× 30.1% 0.40% — Consumer Cyclical
50 Thyrocare Technologies LimitedTHYROCARE 17,929 ₹7,514 42.8 12.83 0.22× 30.0% 1.87% — Healthcare

Top 100

51 Garuda Construction and Engineering LimitedGARUDA 24,253 ₹1,355 10.0 2.98 0.29× 29.9% 0 — Industrials
52 Bajaj Consumer Care LimitedBAJAJCON 21,070 ₹5,432 24.9 7.20 0.20× 29.6% 0 — Consumer Defensive
53 Genus Power Infrastructures LimitedGENUSPOWER 21,116 ₹7,475 11.5 3.37 0.65× 29.2% 0.17% — Industrials
54 Bajaj Hindusthan Sugar LimitedBAJAJHIND 21,345 ₹4,531 15.4 1.19 0.73× 29.2% 0 — Consumer Defensive
55 Banco Products (India) LimitedBANCOINDIA 22,490 ₹8,336 17.0 4.95 0.45× 29.1% 2.71% — Consumer Cyclical
56 Eveready Industries India LimitedEVEREADY 21,552 ₹2,285 12.8 3.67 0.49× 28.6% 0.78% — Industrials
57 BLS International Services LimitedBLS 23,623 ₹9,023 12.8 3.66 0.26× 28.6% 1.16% — Industrials
58 SKM Egg Products Export (India) LimitedSKMEGGPROD 23,878 ₹1,061 9.5 2.69 0.34× 28.1% 0.60% — Consumer Defensive
59 Madhya Bharat Agro Products LimitedMBAPL 16,304 ₹7,003 45.3 12.74 0.67× 28.1% 0.06% — Basic Materials
60 Beta Drugs LimitedBETA 20,132 ₹1,997 29.0 8.16 0.51× 28.1% 0 — Healthcare
61 Shilchar Technologies LimitedSHILCTECH 20,934 ₹4,113 29.9 8.38 0.17× 28.0% 0.32% — Industrials
62 Runwal Enterprises LimitedRUNWALENTR 21,874 ₹3,279 13.1 3.33 — 27.9% 0 — Real Estate
63 Euro Pratik Sales LimitedEUROPRATIK 23,179 ₹1,979 23.0 6.39 0.19× 27.9% 0.23% — Basic Materials
64 WeWork India Management LimitedWEWORK -10,027 ₹9,055 106.2 30.39 0.96× 27.7% 0 — Real Estate
65 KMC Speciality Hospitals (India) LimitedKMCSHIL 18,604 ₹2,471 42.3 11.74 0.37× 27.7% 0 — Healthcare
66 Arvind SmartSpaces LimitedARVSMART 21,231 ₹2,708 14.5 4.17 0.75× 27.5% 0.38% — Real Estate
67 Arrow Greentech LimitedARROWGREEN 22,819 ₹1,030 16.2 4.40 0.08× 27.2% 0.58% — Consumer Cyclical
68 Knack Packaging LimitedKNACK 19,396 ₹2,522 24.6 8.18 0.48× 27.2% 0 — Consumer Cyclical
69 Dynacons Systems & Solutions LimitedDSSL 22,955 ₹1,300 15.3 4.13 0.69× 26.9% 0.05% — Technology
70 Indo Tech Transformers LimitedINDOTECH 21,717 ₹2,843 28.6 7.61 0.33× 26.6% 0.32% — Industrials
71 GK Energy LimitedGKENERGY 25,831 ₹1,945 8.3 2.19 0.32× 26.3% 0.44% — Utilities
72 Kapston Services LimitedKAPSTON 16,364 ₹1,567 51.4 13.47 0.67× 26.2% 0 — Industrials
73 Apcotex Industries LimitedAPCOTEXIND 22,146 ₹2,783 17.3 4.48 0.37× 26.0% 1.34% — Basic Materials
74 MSTC LimitedMSTCLTD 22,372 ₹4,207 18.0 4.66 0.55× 25.9% 2.34% — Industrials
75 Orient Cables (India) LimitedORIENTCABL 17,427 ₹4,117 76.5 13.70 — 25.7% 0 — Industrials
76 Raghav Productivity Enhancers LimitedRPEL 8,844 ₹7,497 119.5 30.66 0.14× 25.6% 0.06% — Basic Materials
77 Shankara Buildpro LimitedBUILDPRO 21,198 ₹2,604 19.8 4.77 0.66× 25.5% 0.41% — Consumer Cyclical
78 Signpost India LimitedSIGNPOST 22,195 ₹1,219 16.6 4.24 0.58× 25.5% 0.19% — Communication Services
79 Tribhovandas Bhimji Zaveri LimitedTBZ 20,506 ₹4,772 22.3 5.69 0.60× 25.5% 0.42% — Consumer Cyclical
80 Borosil Renewables LimitedBORORENEW 23,439 ₹5,834 14.5 3.86 0.17× 25.4% 0 — Technology
81 Indraprastha Medical Corporation LimitedINDRAMEDCO 23,699 ₹2,801 14.9 3.78 0.25× 25.4% 1.22% — Healthcare
82 Sharda Motor Industries LimitedSHARDAMOTR 23,187 ₹4,792 14.4 3.65 0.41× 25.3% 2.29% — Consumer Cyclical
83 Vadilal Industries LimitedVADILALIND 20,982 ₹5,180 24.2 6.09 0.33× 25.2% 0.59% — Consumer Defensive
84 Insolation Energy LimitedINA 24,570 ₹1,469 7.3 1.82 0.62× 24.9% 0 — Technology
85 Ashapura Minechem LimitedASHAPURMIN 23,441 ₹4,133 10.2 2.51 0.65× 24.7% 0.42% — Basic Materials
86 Silver Touch Technologies LimitedSILVERTUC 21,435 ₹1,535 36.8 9.05 0.43× 24.6% 0.08% — Technology
87 Kennametal India LimitedKENNAMET 20,710 ₹8,017 40.9 9.39 0.33× 24.5% 0.97% — Industrials
88 Kwality Pharmaceuticals LimitedKPL 17,509 ₹3,754 46.3 11.32 0.44× 24.4% 0 — Healthcare
89 Sonata Software LimitedSONATSOFTW 21,998 ₹6,636 14.3 3.48 0.63× 24.3% 3.30% — Technology
90 Jayaswal Neco Industries LimitedJAYNECOIND 21,000 ₹8,839 12.8 3.11 0.52× 24.2% 0 ⚑ Basic Materials
91 Gulf Oil Lubricants India LimitedGULFOILLUB 22,571 ₹5,172 13.9 3.37 0.47× 24.2% 4.73% — Basic Materials
92 REDTAPE LimitedREDTAPE 21,855 ₹5,941 24.2 5.82 0.56× 24.1% 1.77% — Consumer Cyclical
93 Jain Resource Recycling LimitedJAINREC 22,459 ₹9,993 27.4 6.40 0.54× 23.9% 0 — Basic Materials
94 S.J.S. Enterprises LimitedSJS 19,574 ₹6,109 29.3 7.04 0.21× 23.8% 0.18% — Consumer Cyclical
95 Gujarat Pipavav Port LimitedGPPL 22,088 ₹7,769 13.9 3.25 0.21× 23.7% 5.96% — Industrials
96 Menon Bearings LimitedMENONBE 20,273 ₹1,513 34.5 8.17 0.31× 23.7% 0.69% — Consumer Cyclical
97 Carraro India LimitedCARRARO 22,395 ₹2,751 20.7 4.87 0.55× 23.5% 1.33% — Consumer Cyclical
98 Spectrum Electrical Industries LimitedSPECTRUM 10,068 ₹6,292 100.6 25.74 0.63× 23.5% 0 — Industrials
99 VRL Logistics LimitedVRLLOG 21,045 ₹4,662 17.5 4.08 0.56× 23.4% 1.76% — Industrials
100 IndiaMART InterMESH LimitedINDIAMART 22,665 ₹9,503 19.3 4.28 0.54× 23.1% 1.87% — Consumer Cyclical

High ROE in other groups · India

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Questions

Which mini cap companies in India have the highest return on equity?

The first five on PositoAI's list are Sun Pharma Advanced Research Company Limited (118.3%), Timex Group India Limited (112.5%), Kiri Industries Limited (88.2%), Sanofi Consumer Healthcare India Limited (88.0%), Ardee Industries Limited (80.7%).

How many mini cap companies in India have a positive return on equity?

751 of the 843 mini cap companies in India on PositoAI have a positive return on equity; this page shows the top 100.

How is this list made?

Companies ordered by return on equity (profit on shareholders' money), highest first. Extreme figures above 250% are left out. 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 ordered by return on equity (profit on shareholders' money), highest first. Extreme figures above 250% are left out. 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.