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Top 10 High ROE Low PE Small Cap Stocks in India — Top 100 List

Of the 2,084 small cap companies in India on PositoAI, 537 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.

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 Gravity (India) LimitedGRAVITY 22,120 ₹14 0.7 0.96 0.63× 115.7% 0 — Consumer Cyclical
5 Zuari Agro Chemicals LimitedZUARI 25,293 ₹817 0.9 0.39 0.36× 45.0% 0 — Basic Materials
6 Panth Infinity LimitedPANTH 21,104 ₹63 0.9 0.64 0.50× 71.0% 0 — Consumer Cyclical
7 Orosil Smiths India LimitedOROSMITHS 23,822 ₹26 1.1 1.03 0.15× 104.0% 0 — Consumer Cyclical
8 Ashoka Buildcon LimitedASHOKA 25,361 ₹2,837 1.2 0.43 0.50× 37.4% 0 — Industrials
9 Jonjua Overseas LimitedJONJUA 24,351 ₹9 1.2 0.19 0.39× 15.6% 0 — Industrials
10 Royal India Corporation LimitedROYALIND 24,258 ₹63 1.3 0.47 0.30× 37.3% 0 — Consumer Cyclical

Top 20

11 Dev Information Technology LimitedDEVIT 24,767 ₹106 1.4 0.98 0.42× 69.2% 0.52% — Technology
12 Maxgrow India LimitedMAXGROW 24,716 ₹796 1.5 0.38 0.30× 42.8% 0 — Industrials
13 Standard Industries LimitedSIL 22,243 ₹115 1.9 1.01 0.40× 53.8% 3.22% — Consumer Cyclical
14 Supha Pharmachem LimitedSUPHA 14,906 ₹22 1.9 0.21 0.94× 16.2% 0 — Healthcare
15 Veranda Learning Solutions LimitedVERANDA 26,153 ₹328 2.2 0.34 0.48× 15.2% 0 — Consumer Defensive
16 BLB LimitedBLBLIMITED 24,156 ₹81 3.0 0.62 0.02× 21.0% 0 — Financial Services
17 Bhagyanagar India LimitedBHAGYANGR 21,908 ₹214 3.3 0.83 0.59× 24.4% 0 ⚑ Basic Materials
18 B&B Triplewall Containers LimitedBBTCL 21,665 ₹408 3.5 3.10 0.70× 89.6% 0.44% — Consumer Cyclical
19 Shah Alloys LimitedSHAHALLOYS 23,829 ₹144 3.5 1.29 0.46× 37.1% 0 — Basic Materials
20 Mukand LimitedMUKANDLTD 23,120 ₹2,216 3.5 1.46 0.63× 41.5% 1.14% — Basic Materials

Top 50

21 Sun Pharma Advanced Research Company LimitedSPARC 23,113 ₹5,617 3.5 4.20 0.38× 118.3% 0 — Healthcare
22 International Conveyors LimitedINTLCONV 24,322 ₹490 3.6 1.16 0.25× 32.0% 0.65% — Industrials
23 Lancor Holdings LimitedLANCORHOL 23,679 ₹213 3.7 0.89 0.44× 24.1% 0.69% — Real Estate
24 Zee Learn LimitedZEELEARN 21,424 ₹189 4.0 0.81 0.85× 20.0% 0 ⚑ Consumer Defensive
25 Vardhman Acrylics LimitedVARDHACRLC 24,052 ₹334 4.1 1.32 0.26× 32.1% 3.52% — Consumer Cyclical
26 Nagreeka Capital & Infrastructure Ltd.NAGREEKCAP 20,645 ₹30 4.1 1.06 0.80× 25.9% 0 — Financial Services
27 Vibrant Global Capital LimitedVGCL 24,299 ₹113 4.2 0.68 0.30× 15.5% 8.00% — Financial Services
28 Repro India LimitedREPRO 24,279 ₹416 4.3 1.19 0.44× 27.9% 0 — Industrials
29 Consecutive Commodities LimitedCCDL 22,368 ₹56 4.6 2.81 0.06× 16.6% 0 — Financial Services
30 Krishna GVK Luxury Hotels LimitedTAJGVK 24,265 ₹1,941 4.7 1.90 0.20× 40.0% 0.61% — Consumer Cyclical
31 Dilip Buildcon LimitedDBL 23,311 ₹6,181 4.8 0.91 0.63× 15.1% 0.25% — Industrials
32 Vaxtex Cotfab LimitedVCL 22,393 ₹27 5.1 1.21 0.39× 24.0% 0 — Consumer Cyclical
33 Chennai Petroleum Corporation LimitedCHENNPETRO 23,202 ₹21,647 5.2 1.95 0.45× 37.6% 4.17% — Energy
34 Deep Polymers LimitedDEEP 23,943 ₹94 5.2 0.90 0.29× 17.2% 0 — Basic Materials
35 HMA Agro Industries LimitedHMAAGRO 23,964 ₹1,202 5.6 1.28 0.60× 22.6% 0 — Consumer Defensive
36 The Great Eastern Shipping Company LimitedGESHIP 22,281 ₹21,349 5.8 1.26 0.13× 22.0% 3.76% — Industrials
37 Panama Petrochem LimitedPANAMAPET 23,650 ₹2,789 5.8 1.90 0.23× 32.6% 0.61% — Energy
38 Elitecon International LimitedELITECON 25,385 ₹1,080 5.8 3.10 0.72× 46.8% 0 — Consumer Defensive
39 SAMHI Hotels LimitedSAMHI 20,954 ₹3,346 5.8 1.53 0.49× 37.5% 0 — Consumer Cyclical
40 Vivid Mercantile LimitedVIVIDM 22,510 ₹60 6.0 1.07 0.21× 18.5% 0 — Industrials
41 Narmada Macplast Drip Irrigation Systems Ltd.NARMP 18,685 ₹80 6.0 8.60 0.51× 144.1% 0 — Industrials
42 Indo Thai Securities LimitedINDOTHAI 27,057 ₹423 6.1 1.49 0.23× 24.4% 0.54% — Financial Services
43 Shekhawati Industries LimitedSHEKHAWATI 23,462 ₹75 6.1 3.45 0.31× 56.1% 0 — Consumer Cyclical
44 Globus Spirits LimitedGLOBUSSPR 23,424 ₹2,290 6.2 2.10 0.52× 30.6% 0.84% — Consumer Defensive
45 The Bombay Burmah Trading Corporation LimitedBBTC 25,511 ₹8,063 6.2 1.15 0.34× 18.3% 1.39% — Consumer Defensive
46 Bharat Rasayan LimitedBHARATRAS 26,722 ₹1,622 6.3 1.27 0.11× 20.2% 0.05% — Basic Materials
47 K.P. Energy LimitedKPEL 23,833 ₹1,166 6.3 2.23 0.81× 34.8% 0.38% — Industrials
48 IVP LimitedIVP 23,701 ₹208 6.6 1.33 0.54× 20.1% 0.68% — Basic Materials
49 Alpine Texworld LimitedALPINETEX 23,607 ₹142 6.6 1.96 0.75× 33.9% 0 — Consumer Cyclical
50 Gulshan Polyols LimitedGULPOLY 24,090 ₹979 6.6 1.36 0.45× 20.6% 0.94% — Basic Materials

Top 100

51 Master Trust LimitedMASTERTR 25,321 ₹922 6.7 1.13 0.64× 16.5% 0 — Financial Services
52 SRM Contractors LimitedSRM 24,630 ₹838 7.1 2.26 0.58× 31.8% 0 — Industrials
53 Housing and Urban Development Corporation LimitedHUDCO 18,770 ₹30,382 7.1 1.38 0.87× 19.4% 3.76% — Financial Services
54 U. Y. Fincorp LimitedUYFINCORP 23,854 ₹448 7.2 1.15 0.08× 15.9% 0 — Financial Services
55 The Shipping Corporation of India LimitedSCI 24,188 ₹11,731 7.2 1.29 0.32× 17.8% 2.71% — Industrials
56 Insolation Energy LimitedINA 24,570 ₹1,469 7.3 1.82 0.62× 24.9% 0 — Technology
57 Mahalaxmi Rubtech LimitedMHLXMIRU 24,240 ₹170 7.4 1.88 0.21× 25.5% 0 — Consumer Cyclical
58 Solex Energy LimitedSOLEX 24,734 ₹599 7.5 2.37 0.78× 31.6% 0.09% — Technology
59 DRC Systems India LimitedDRCSYSTEMS 23,281 ₹163 7.7 1.45 0.27× 18.9% 0 — Technology
60 Oswal Pumps LimitedOSWALPUMPS 26,615 ₹2,630 7.7 1.56 0.22× 19.3% 0 — Industrials
61 Chambal Fertilisers and Chemicals LimitedCHAMBLFERT 23,881 ₹14,990 7.8 1.44 0.28× 18.5% 3.21% — Basic Materials
62 Galaxy Agrico Exports LimitedGALAGEX 20,054 ₹155 8.1 2.81 0.01× 34.9% 0 — Industrials
63 Can Fin Homes LimitedCANFINHOME 16,627 ₹9,525 8.3 1.59 0.87× 19.4% 2.19% — Financial Services
64 ShreeOswal Seeds and Chemicals LimitedOSWALSEEDS 23,737 ₹100 8.3 1.98 0.64× 23.9% 0 — Basic Materials
65 Emami Paper Mills LimitedEMAMIPAP 22,754 ₹683 8.3 1.19 0.68× 17.1% 2.77% — Basic Materials
66 GK Energy LimitedGKENERGY 25,831 ₹1,945 8.3 2.19 0.32× 26.3% 0.44% — Utilities
67 Borana Weaves LimitedBORANA 24,736 ₹578 8.4 2.06 0.23× 24.6% 0 — Consumer Cyclical
68 R M Drip and Sprinklers Systems LimitedRMDRIP 21,702 ₹760 8.4 6.85 0.46× 47.5% 0.14% — Industrials
69 Websol Energy System LimitedWEBELSOLAR 21,450 ₹2,655 8.6 4.21 0.32× 51.2% 0.38% ⚑ Technology
70 AuSom Enterprise LimitedAUSOMENT 23,838 ₹212 8.6 1.32 0.19× 15.4% 0.67% — Financial Services
71 Autoline Industries LimitedAUTOIND 21,054 ₹349 8.8 1.78 0.74× 20.2% 0 — Consumer Cyclical
72 EFC (I) LimitedEFCIL 22,057 ₹2,596 8.8 3.22 0.70× 33.9% 0 — Real Estate
73 Suratwwala Business Group LimitedSBGLP 23,874 ₹363 8.8 3.48 0.58× 39.7% 0.54% — Real Estate
74 Donear Industries LimitedDONEAR 23,327 ₹407 8.9 1.47 0.68× 16.6% 0.25% — Consumer Cyclical
75 Sical Logistics LimitedSICALLOG 21,435 ₹638 9.0 4.86 0.70× 41.7% 0 — Industrials
76 Sundaram-Clayton LimitedSUNCLAY 23,251 ₹2,274 9.1 1.76 0.61× 19.4% 0.41% — Industrials
77 Senco Gold LimitedSENCO 22,783 ₹5,188 9.1 2.06 0.64× 22.7% 0.52% — Consumer Cyclical
78 Radhika Jeweltech LimitedRADHIKAJWE 24,094 ₹724 9.1 1.82 0.17× 20.0% 0 — Consumer Cyclical
79 Aeroflex Enterprises LimitedAEROENTER 23,418 ₹1,372 9.1 1.66 0.17× 18.2% 0.32% — Basic Materials
80 Dhvija Finance LimitedDHVIJAFIN 23,398 ₹46 9.2 2.88 0.45× 31.3% 0 — Financial Services
81 HEC Infra Projects LimitedHECPROJECT 24,071 ₹116 9.2 1.78 0.51× 19.2% 0 — Industrials
82 Mangalore Refinery and Petrochemicals LimitedMRPL 23,521 ₹29,082 9.3 2.05 0.68× 22.1% 2.32% — Energy
83 Cholamandalam Financial Holdings LimitedCHOLAHLDNG 17,628 ₹24,715 9.3 1.60 0.87× 17.3% 0.09% — Financial Services
84 Jay Bharat Maruti LimitedJAYBARMARU 23,793 ₹1,291 9.3 1.85 0.62× 19.9% 0.55% — Consumer Cyclical
85 Siyaram Silk Mills LimitedSIYSIL 24,796 ₹2,224 9.4 1.52 0.33× 16.2% 2.22% — Consumer Cyclical
86 One Global Service Provider LimitedONEGLOBAL 23,212 ₹724 9.5 5.13 0.44× 52.4% 0.17% — Healthcare
87 Expleo Solutions LimitedEXPLEOSOL 24,394 ₹1,307 9.5 1.68 0.16× 17.7% 12.76% — Technology
88 Sharda Cropchem LimitedSHARDACROP 25,491 ₹5,950 9.5 1.90 0.46× 20.0% 2.07% — Basic Materials
89 SKM Egg Products Export (India) LimitedSKMEGGPROD 23,878 ₹1,061 9.5 2.69 0.34× 28.1% 0.60% — Consumer Defensive
90 Gandhar Oil Refinery (India) LimitedGANDHAR 22,657 ₹2,887 9.6 2.14 0.37× 22.3% 0.93% — Energy
91 Signatureglobal (India) LimitedSIGNATURE 21,358 ₹10,034 9.6 5.43 0.89× 56.4% 0 — Real Estate
92 German Green Steel and Power LimitedGERMAN 24,462 ₹775 9.7 1.34 — 22.3% 0 — Basic Materials
93 Ceinsys Tech LimitedCEINSYS 24,342 ₹1,356 9.7 2.02 0.28× 18.1% 0.53% — Industrials
94 NLC India LimitedNLCINDIA 23,902 ₹32,384 9.9 1.50 0.61× 15.2% 1.58% — Utilities
95 Garuda Construction and Engineering LimitedGARUDA 24,253 ₹1,355 10.0 2.98 0.29× 29.9% 0 — Industrials
96 Ashapura Minechem LimitedASHAPURMIN 23,441 ₹4,133 10.2 2.51 0.65× 24.7% 0.42% — Basic Materials
97 String Metaverse LimitedMETA 26,433 ₹830 10.2 2.51 0.03× 29.0% 0 — Technology
98 Fischer Medical Ventures LimitedFISCHER 24,986 ₹1,667 10.2 4.34 0.43× 39.3% 0.16% ⚑ Healthcare
99 Aptus Value Housing Finance India LimitedAPTUS 21,257 ₹10,107 10.3 2.00 0.61× 19.4% 2.32% — Financial Services
100 Empire Industries LimitedEMPIND 23,715 ₹578 10.3 1.65 0.57× 16.0% 2.49% — Industrials

High ROE + low PE in other groups · India

All of IndiaLarge CapMid CapSmall CapSenty (Sensex + Nifty 50)Nifty 50Nano CapMicro CapMini CapMeso CapTito Cap

High ROE + low PE in other countries

United StatesUnited KingdomChina

Questions

Which small 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), Gravity (India) Limited (0.7), Zuari Agro Chemicals Limited (0.9).

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

537 of the 2,084 small 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 counts as a small cap stock in India?

In India, large cap means the 100 largest companies by market value, mid cap the next 150 (101st to 250th) and small cap the rest — the same rank-based rule SEBI uses, applied to the companies on PositoAI.

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.