Fundamentally strong stocks are those stocks that have a solid financial foundation, such as strong earnings growth, low debt-to-equity ratio, high return on equity, and a stable cash flow.
These stocks are considered to be good long-term investments as they have the potential to perform well even during economic downturns.
Here's a list of top fundamentally strong smallcap stocks in India.
| Company | CMP (Rs) | RoCE (Latest, %) | D/E (Curr FY, x) | EBITDA (3 yrs, %) | EBITDA | RoE (Latest, %) | Sales (Rs m) |
|---|---|---|---|---|---|---|---|
| RELIGARE ENT | 205.6 | 169.6% | 0.4 | 126.0% | 1,622.0 | 154.2% | 46,765 |
| SWADESHI POLYTEX | 212.9 | 163.8% | 0.0 | 48.9% | 407.9 | 132.1% | 443 |
| KSOLVES INDIA | 1,065.2 | 147.3% | 0.0 | 200.8% | 329.0 | 110.4% | 783 |
| APUNKA INVEST COMM. | 885.3 | 92.2% | 0.7 | 69.7% | 529.4 | 57.8% | 3,715 |
| GAGAN GASES | 19.5 | 83.5% | 0.0 | 29.9% | 2.1 | 62.5% | 22 |
| REMEDIUM LIFECARE | 77.3 | 75.7% | 0.0 | 164.4% | 71.7 | 52.4% | 5,098 |
| WAAREE RENEWABLE TECH | 2,393.0 | 71.7% | 0.5 | 505.0% | 837.5 | 65.6% | 3,510 |
| ESAB INDIA | 5,322.4 | 70.2% | 0.0 | 24.4% | 1,868.7 | 52.1% | 11,044 |
| NEXUS COMMODITIES | 16.1 | 65.2% | 0.0 | 43.9% | 2.2 | 48.4% | 16 |
| DREAMFOLKS SERVICES | 466.2 | 64.1% | 0.0 | 29.9% | 989.2 | 47.4% | 7,733 |
| SIGMA SOLVE | 391.8 | 63.1% | 0.1 | 128.0% | 223.9 | 44.7% | 554 |
| SHARE INDIA SECURITIES | 1,513.2 | 61.7% | 0.2 | 91.1% | 4,927.3 | 41.3% | 10,882 |
| ADVANI HOTELS | 67.0 | 61.3% | 0.0 | 32.1% | 391.6 | 45.6% | 983 |
| ANGEL BROKING | 2,462.2 | 61.0% | 0.4 | 100.8% | 12,923.6 | 42.3% | 30,016 |
| BRAND CONCEPTS | 50.8 | 60.4% | 0.9 | 71.1% | 212.3 | 36.4% | 1,632 |
| BRAND CONCEPTS | 638.5 | 60.4% | 0.9 | 71.1% | 212.3 | 36.4% | 1,632 |
| ACEWIN AGRITECK | 3.0 | 59.8% | 0.1 | 63.5% | 146.2 | 44.4% | 307 |
| CASTROL INDIA | 194.7 | 58.2% | 0.0 | 13.7% | 11,979.1 | 42.3% | 50,746 |
| JYOTI RESINS | 1,314.5 | 58.0% | 0.0 | 80.3% | 606.3 | 43.8% | 2,613 |
| WEST COAST PAPER MILLS | 596.2 | 57.2% | 0.1 | 38.6% | 16,420.7 | 42.2% | 49,208 |
| TIMEX GROUP | 132.1 | 56.3% | 0.4 | 119.3% | 383.1 | 76.9% | 3,835 |
| TBO TEK LTD. | 1,413.1 | 55.3% | 0.0 | 29.4% | 1,889.6 | 44.3% | 10,646 |
| FINE ORGANIC INDUSTRIES | 4,431.9 | 54.9% | 0.0 | 51.2% | 8,310.8 | 40.1% | 30,231 |
| MAAN ALUMINIUN | 130.3 | 54.8% | 0.4 | 79.2% | 712.9 | 38.4% | 8,139 |
| MACFOS | 675.9 | 53.8% | 0.4 | 100.7% | 108.8 | 44.9% | 802 |
* We show NM where the values are negative
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