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 some of the fundamentally strong midcap stocks in India.
| Company | CMP (Rs) | RoCE (Latest, %) | D/E (Curr FY, x) | EBITDA (3 yrs, %) | EBITDA | RoE (Latest, %) | Sales (Rs m) |
|---|---|---|---|---|---|---|---|
| LLOYDS METALS | 949.5 | 62.5% | 0.0 | 441.7% | 17,282.6 | 44.8% | 65,217 |
| PAGE INDUSTRIES | 44,614.2 | 50.2% | 0.0 | 18.3% | 8,722.6 | 35.6% | 48,253 |
| IRCTC | 800.0 | 46.9% | 0.0 | 98.4% | 14,659.6 | 34.4% | 42,702 |
| GSK PHARMA | 2,436.3 | 45.8% | 0.0 | 15.0% | 9,086.9 | 33.0% | 34,537 |
| WAAREE ENERGIES LTD. | 2,899.5 | 45.2% | 0.2 | 59.9% | 15,744.2 | 31.5% | 113,976 |
| ABBOTT INDIA | 27,193.8 | 44.6% | 0.0 | 16.5% | 14,530.5 | 32.8% | 58,489 |
| TATA ELXSI | 6,549.0 | 43.0% | 0.0 | 26.0% | 10,472.6 | 31.8% | 35,522 |
| KPIT TECHNOLOGIES | 1,305.2 | 40.4% | 0.0 | 47.8% | 9,913.3 | 28.3% | 48,715 |
| CRISIL | 5,270.5 | 40.4% | 0.0 | 20.0% | 8,815.0 | 30.5% | 31,395 |
| MAZAGON DOCK SHIP. | 4,074.7 | 39.1% | 0.0 | 84.6% | 14,211.6 | 29.0% | 94,666 |
| VEDANT FASHIONS (MANYAVAR) | 1,357.9 | 37.2% | 0.0 | 39.4% | 6,580.9 | 26.0% | 13,675 |
| 3M INDIA | 31,853.1 | 36.5% | 0.0 | 42.6% | 7,518.6 | 27.2% | 41,894 |
| APAR INDUSTRIES | 9,483.8 | 36.5% | 0.1 | 54.0% | 15,648.6 | 21.3% | 161,530 |
| HDFC AMC | 4,181.1 | 35.9% | 0.0 | 10.2% | 19,574.2 | 28.1% | 25,844 |
| L&T TECHONOLOGY | 5,132.7 | 35.5% | 0.0 | 25.4% | 19,075.0 | 25.0% | 96,473 |
| NIPPON LIFE INDIA AMC | 688.2 | 35.1% | 0.0 | 21.2% | 9,934.7 | 28.6% | 16,432 |
| INDUS TOWERS | 328.4 | 35.0% | 0.2 | 26.6% | 144,757.0 | 22.3% | 286,006 |
| TUBE INVESTMENTS OF INDIA | 3,609.1 | 34.2% | 0.1 | 45.4% | 19,697.5 | 23.4% | 168,903 |
| CUMMINS INDIA | 3,298.6 | 33.8% | 0.0 | 45.0% | 17,687.9 | 26.0% | 90,002 |
| SOLAR INDUSTRIES | 9,981.7 | 32.7% | 0.3 | 38.6% | 13,692.1 | 26.5% | 60,695 |
| DIXON TECHNOLOGIES | 14,885.3 | 32.1% | 0.1 | 34.1% | 7,038.7 | 22.4% | 176,909 |
| PERSISTENT SYSTEMS | 5,704.0 | 31.6% | 0.0 | 32.8% | 16,013.8 | 23.2% | 98,216 |
| BERGER PAINTS | 476.0 | 30.4% | 0.0 | 16.1% | 18,613.2 | 21.8% | 111,989 |
| COFORGE | 8,113.9 | 29.8% | 0.1 | 22.3% | 14,276.0 | 23.3% | 91,790 |
| TATA TECHNOLOGIES LTD. | 948.4 | 29.6% | 0.0 | 35.5% | 9,412.5 | 21.1% | 51,172 |
* We show NM where the values are negative
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