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Top 10 Low Debt 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, 774 have an Owes vs Owns figure (banks and lenders left out). First on the list is Jai Corp Limited (0.03×). The median among them is 0.40×. 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 Jai Corp LimitedJAICORPLTD 25,608 ₹1,687 10.0 1.13 0.03× 11.3% 0.58% — Basic Materials
2 Indo Borax & Chemicals LimitedINDOBORAX 21,832 ₹1,363 24.2 3.53 0.05× 13.9% 2.10% — Basic Materials
3 J.G. Chemicals LimitedJGCHEM 22,384 ₹2,304 30.7 4.36 0.05× 14.3% 0.17% — Basic Materials
4 Suven Life Sciences LimitedSUVEN 16,841 ₹7,578 Loss 12.81 0.05× -66.4% 0 — Healthcare
5 Alembic LimitedALEMBICLTD 24,515 ₹2,318 7.2 0.95 0.06× 13.1% 2.42% — Real Estate
6 63 moons technologies limited63MOONS 20,673 ₹3,996 Loss 1.13 0.06× -1.8% 0.26% — Technology
7 Arrow Greentech LimitedARROWGREEN 22,819 ₹1,030 16.2 4.40 0.08× 27.2% 0.58% — Consumer Cyclical
8 Stallion India Fluorochemicals LimitedSTALLION 22,976 ₹2,239 36.2 3.29 0.08× 6.4% 0 — Basic Materials
9 Wonderla Holidays LimitedWONDERLA 23,711 ₹2,975 29.3 1.66 0.08× 5.6% 0.39% — Consumer Cyclical
10 La Opala RG LimitedLAOPALA 24,590 ₹1,606 17.2 1.96 0.08× 11.3% 3.23% — Consumer Cyclical

Top 20

11 Belding India LimitedBELDING 21,012 ₹1,292 Loss 1.23 0.08× -0.9% 0 — Basic Materials
12 Kiri Industries LimitedKIRIINDUS 24,313 ₹3,056 0.5 0.47 0.08× 88.2% 0 ⚑ Basic Materials
13 Advanced Enzyme Technologies LimitedADVENZYMES 23,730 ₹2,852 17.5 1.75 0.08× 10.2% 0.51% — Basic Materials
14 Ramco Industries LimitedRAMCOIND 24,248 ₹2,489 7.6 0.55 0.09× 7.3% 0.43% — Industrials
15 Zaggle Prepaid Ocean Services LimitedZAGGLE 24,932 ₹2,108 16.2 1.50 0.09× 9.9% 0 ⚑ Fintech SaaS — Spend Management
16 TAAL Tech LimitedTAALTECH 21,585 ₹1,383 22.2 5.64 0.10× 5.1% 0 — Industrials
17 Cello World LimitedCELLO 24,712 ₹8,036 26.0 2.98 0.10× 11.4% 0.41% — Consumer Cyclical
18 Mayur Uniquoters LimitedMAYURUNIQ 22,921 ₹3,162 15.3 2.79 0.10× 18.3% 0.76% — Consumer Cyclical
19 Onix Solar Energy LimitedONIXSOLAR 23,626 ₹1,209 3.4 1.56 0.10× 12.4% 0 — Technology
20 Reliance Industrial Infrastructure LimitedRIIL 22,922 ₹1,040 85.8 2.19 0.11× 2.6% 0.51% — Industrials

Top 50

21 Eimco Elecon (India) LimitedEIMCOELECO 21,972 ₹1,300 32.8 2.78 0.11× 8.5% 0.18% — Industrials
22 Krishna Defence and Allied Industries LimitedKRISHNADEF 20,216 ₹1,634 39.1 8.44 0.11× 21.6% 0.10% — Industrials
23 Bharat Rasayan LimitedBHARATRAS 26,722 ₹1,622 6.3 1.27 0.11× 20.2% 0.05% — Basic Materials
24 Maharashtra Seamless LimitedMAHSEAMLES 24,763 ₹7,226 9.8 1.05 0.11× 10.7% 1.62% — Basic Materials
25 Clean Science and Technology LimitedCLEAN 22,010 ₹7,950 34.1 5.02 0.11× 14.7% 0.76% — Basic Materials
26 Veljan Denison LimitedVELJAN 22,735 ₹1,041 39.8 4.15 0.11× 10.4% 0.33% — Industrials
27 BN Agrochem LimitedBNAGROCHEM 22,723 ₹1,404 82.5 3.01 0.11× 3.7% 0 — Consumer Defensive
28 Bannari Amman Sugars LimitedBANARISUG 23,538 ₹4,042 33.2 2.11 0.11× 6.4% 0.38% — Consumer Defensive
29 Rolex Rings LimitedROLEXRINGS 22,516 ₹4,042 37.4 3.33 0.11× 9.2% 0 — Industrials
30 GOCL Corporation LimitedGOCLCORP 24,753 ₹1,685 6.2 0.54 0.12× 8.6% 8.39% — Basic Materials
31 Supriya Lifescience LimitedSUPRIYA 22,030 ₹6,730 33.9 5.62 0.12× 16.6% 0.12% — Healthcare
32 Brightcom Group LimitedBCG 23,653 ₹1,766 1.7 0.17 0.12× 9.6% 0 ⚑ Communication Services
33 Deccan Gold Mines LimitedDECNGOLD 17,895 ₹3,449 Loss 6.62 0.12× -7.0% 0 — Basic Materials
34 KRBL LimitedKRBL 23,748 ₹8,123 10.7 1.40 0.12× 13.1% 1.16% — Consumer Defensive
35 G.M. Breweries LimitedGMBREW 24,968 ₹1,887 10.9 1.75 0.12× 16.3% 1.07% — Consumer Defensive
36 Nitta Gelatin India LimitedNITTAGELA 24,037 ₹1,360 13.1 2.66 0.12× 20.3% 0.42% — Basic Materials
37 3B Blackbio Dx Limited3BBLACKBIO 21,946 ₹1,158 20.5 3.57 0.12× 16.9% 0.34% — Healthcare
38 Bengal & Assam Company LimitedBENGALASM 24,528 ₹6,642 8.7 0.62 0.12× 7.1% 0.84% — Consumer Cyclical
39 Delta Corp LimitedDELTACORP 20,588 ₹2,041 Loss 0.91 0.13× -7.0% 0.61% — Consumer Cyclical
40 C. E. Info Systems LimitedMAPMYINDIA 23,077 ₹4,740 34.6 5.24 0.13× 15.1% 0.40% — Technology
41 Jagsonpal Pharmaceuticals LimitedJAGSNPHARM 22,193 ₹1,392 31.4 5.04 0.13× 17.0% 1.11% — Healthcare
42 Motisons Jewellers LimitedMOTISONS 22,358 ₹1,806 25.2 3.62 0.13× 13.1% 0 — Consumer Cyclical
43 Avanti Feeds LimitedAVANTIFEED 24,169 ₹9,256 17.0 2.82 0.13× 16.6% 1.43% — Consumer Defensive
44 Divgi TorqTransfer Systems LimitedDIVGIITTS 22,693 ₹2,817 44.6 4.43 0.13× 9.9% 0.32% — Consumer Cyclical
45 Network People Services Technologies LimitedNPST 20,283 ₹3,490 76.9 7.93 0.13× 14.7% 0.11% — Technology
46 Sanstar LimitedSANSTAR 23,647 ₹1,912 39.8 2.76 0.14× 6.3% 0 — Basic Materials
47 Hathway Cable and Datacom LimitedHATHWAY 25,472 ₹1,637 22.0 0.37 0.14× 1.8% 0 — Communication Services
48 Balu Forge Industries LimitedBALUFORGE 23,025 ₹5,372 18.4 3.37 0.14× 15.6% 0.03% — Industrials
49 Raghav Productivity Enhancers LimitedRPEL 8,844 ₹7,497 119.5 30.66 0.14× 25.6% 0.06% — Basic Materials
50 Steelcast LimitedSTEELCAS 19,107 ₹3,421 37.8 8.66 0.14× 22.9% 0.50% — Basic Materials

Top 100

51 Accent Microcell LimitedACCENTMIC 21,139 ₹1,479 15.4 5.37 0.14× — — — —
52 Gujarat Kidney And Super Speciality LimitedGKSL 21,594 ₹1,414 70.7 5.60 0.14× 6.3% 0 — Healthcare
53 Seshaasai Technologies LimitedSTYL 23,848 ₹5,030 18.8 3.53 0.14× 18.8% 0.72% — Technology
54 NIIT LimitedNIITLTD 23,544 ₹1,065 121.5 1.00 0.15× 0.8% 1.22% — Consumer Defensive
55 Gujarat State Fertilizers & Chemicals LimitedGSFC 23,839 ₹5,467 7.9 0.45 0.15× 5.7% 3.39% — Basic Materials
56 Gujarat Natural Resources LimitedGNRL 19,485 ₹1,149 66.3 5.52 0.15× 9.7% 0 — Energy
57 Latent View Analytics LimitedLATENTVIEW 24,909 ₹4,859 24.9 2.77 0.15× 11.1% 0 — Industrials
58 FDC LimitedFDC 24,052 ₹5,542 18.9 2.23 0.15× 11.8% 2.91% — Healthcare
59 Lincoln Pharmaceuticals LimitedLINCOLN 23,982 ₹1,023 10.6 1.35 0.15× 12.7% 0.32% — Healthcare
60 Maithan Alloys LimitedMAITHANALL 25,283 ₹2,370 8.2 0.57 0.15× 7.0% 1.93% — Basic Materials
61 Titan Biotech LimitedTITANBIO 19,648 ₹1,723 50.9 9.49 0.15× 18.7% 0.13% — Healthcare
62 Shipping Corporation of India Land and Assets LimitedSCILAL 24,969 ₹1,662 58.5 0.55 0.15× 0.8% 1.49% — Real Estate
63 InfoBeans Technologies LimitedINFOBEAN 23,966 ₹1,515 17.9 3.66 0.15× 20.5% 0.32% — Technology
64 MOIL LimitedMOIL 24,909 ₹4,491 14.8 1.66 0.15× 11.2% 6.01% — Basic Materials
65 Just Dial LimitedJUSTDIAL 23,774 ₹6,459 12.3 1.26 0.16× 10.3% 0 — Communication Services
66 Marathon Nextgen Realty LimitedMARATHON 24,938 ₹2,485 12.0 1.09 0.16× 8.9% 0.28% — Real Estate
67 Bhansali Engineering Polymers LimitedBEPL 22,987 ₹2,770 13.8 2.56 0.16× 18.5% 3.20% — Basic Materials
68 Responsive Industries LimitedRESPONIND 23,961 ₹3,858 38.1 2.48 0.16× 10.2% 0.07% — Basic Materials
69 Frontier Springs LimitedFRONTSP 20,605 ₹1,479 24.3 8.06 0.16× 33.2% 0.05% — Industrials
70 NOCIL LimitedNOCIL 22,966 ₹2,554 38.7 1.44 0.16× 3.7% 0.91% — Basic Materials
71 PIX Transmissions LimitedPIXTRANS 22,616 ₹2,349 17.8 3.37 0.16× 18.9% 0.51% — Industrials
72 Flair Writing Industries LimitedFLAIR 24,754 ₹2,378 17.9 2.08 0.16× 11.6% 0.45% — Industrials
73 Evonile Pharma LimitedNOVARTIND 22,985 ₹4,159 42.5 5.09 0.16× 11.9% 0 — Healthcare
74 Jaykay Enterprises LimitedJAYKAY 22,631 ₹2,934 14.4 4.26 0.16× 18.1% 0 — Industrials
75 Expleo Solutions LimitedEXPLEOSOL 24,394 ₹1,307 9.5 1.68 0.16× 17.7% 12.76% — Technology
76 Aeroflex Enterprises LimitedAEROENTER 23,418 ₹1,372 9.1 1.66 0.17× 18.2% 0.32% — Basic Materials
77 Man Infraconstruction LimitedMANINFRA 24,020 ₹4,164 19.6 1.84 0.17× 9.6% 1.00% — Industrials
78 EIH Associated Hotels LimitedEIHAHOTELS 23,861 ₹1,754 20.0 2.91 0.17× 14.6% 1.20% — Consumer Cyclical
79 Shilchar Technologies LimitedSHILCTECH 20,934 ₹4,113 29.9 8.38 0.17× 28.0% 0.32% — Industrials
80 Wendt (India) LimitedWENDT 20,962 ₹1,377 81.3 5.43 0.17× 6.7% 0.26% — Industrials
81 Platinum Industries LimitedPLATIND 23,171 ₹1,337 26.5 3.02 0.17× 11.4% 0 — Basic Materials
82 Blue Jet Healthcare LimitedBLUEJET 22,207 ₹8,459 36.0 6.22 0.17× 17.3% 0.23% — Healthcare
83 Benares Hotels LimitedBENARAS 20,899 ₹1,326 29.9 6.24 0.17× 21.8% 0 — Consumer Cyclical
84 Borosil Renewables LimitedBORORENEW 23,439 ₹5,834 14.5 3.86 0.17× 25.4% 0 — Technology
85 Ind-Swift Laboratories LimitedINDSWFTLAB 22,500 ₹3,003 51.6 2.17 0.17× 4.0% 0 — Healthcare
86 GHCL LimitedGHCL 23,353 ₹3,573 7.0 1.01 0.17× 14.1% 3.09% — Basic Materials
87 Avantel LimitedAVANTEL 17,985 ₹3,772 229.0 11.15 0.17× 4.9% 0.14% — Technology
88 Bliss GVS Pharma LimitedBLISSGVS 20,124 ₹6,833 51.0 5.73 0.17× 11.2% 0.23% — Healthcare
89 Zee Entertainment Enterprises LimitedZEEL 20,732 ₹6,575 32.3 0.56 0.17× 1.7% 2.86% ⚑ Communication Services
90 Ganesh Housing LimitedGANESHHOU 23,834 ₹5,603 21.1 2.40 0.18× 11.4% 0.21% — Real Estate
91 Stylam Industries LimitedSTYLAMIND 21,171 ₹5,289 29.6 6.55 0.18× 22.3% 0 — Consumer Cyclical
92 Studds Accessories LimitedSTUDDS 23,583 ₹1,578 21.1 3.02 0.18× 14.3% 0.72% — Consumer Cyclical
93 Bharat Wire Ropes LimitedBHARATWIRE 24,022 ₹1,038 16.7 1.28 0.18× 7.6% 0 — Basic Materials
94 Finolex Industries LimitedFINPIPE 23,582 ₹9,152 14.9 1.47 0.18× 9.9% 1.32% — Industrials
95 Seshasayee Paper and Boards LimitedSESHAPAPER 23,922 ₹1,287 12.4 0.63 0.18× 4.8% 0.90% — Basic Materials
96 Goldiam International LimitedGOLDIAM 22,404 ₹4,545 21.8 4.11 0.18× 18.9% 0.92% — Consumer Cyclical
97 The Andhra Sugars LimitedANDHRSUGAR 24,006 ₹1,070 10.3 0.64 0.19× 6.2% 1.13% — Basic Materials
98 Deep Industries LimitedDEEPINDS 23,092 ₹4,452 21.6 2.23 0.19× 10.3% 0.33% — Energy
99 V.S.T. Tillers Tractors LimitedVSTTILLERS 23,456 ₹3,470 32.0 3.17 0.19× 9.9% 0.59% — Industrials
100 Vimta Labs LimitedVIMTALABS 21,668 ₹2,187 27.8 4.79 0.19× 17.2% 0.37% — Healthcare

Low debt in other groups · India

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Questions

Which mini cap companies in India have the lowest Owes vs Owns?

The first five on PositoAI's list are Jai Corp Limited (0.03×), Indo Borax & Chemicals Limited (0.05×), J.G. Chemicals Limited (0.05×), Suven Life Sciences Limited (0.05×), Alembic Limited (0.06×).

How many mini cap companies in India have an Owes vs Owns figure?

774 of the 843 mini cap companies in India on PositoAI have an Owes vs Owns figure (banks and lenders left out); this page shows the top 100.

How is this list made?

Companies ordered by Owes vs Owns (everything they owe compared with everything they own), lowest first. Banks and lenders 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 Owes vs Owns (everything they owe compared with everything they own), lowest first. Banks and lenders 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.