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) |
|---|---|---|---|---|---|---|---|
| EL FORGE. | 33.1 | 318.5% | 0.0 | 122.3% | 49.8 | 316.4% | 683 |
| KSOLVES INDIA | 970.2 | 193.0% | 0.0 | 56.4% | 465.1 | 143.3% | 1,086 |
| INFRONOICS SYST. | 51.2 | 171.7% | 0.5 | 173.2% | 38.3 | 113.4% | 43 |
| RELIGARE ENT | 252.4 | 169.6% | 0.4 | 126.0% | 1,622.0 | 154.2% | 46,765 |
| SHOPPERS STOP | 622.1 | 122.0% | 0.6 | 136.9% | 7,359.3 | 26.6% | 43,166 |
| TIPS IND. | 898.6 | 95.2% | 0.0 | 42.2% | 1,584.7 | 70.8% | 2,416 |
| WAAREE RENEWABLE TECH | 1,439.2 | 79.5% | 0.2 | 209.5% | 2,071.9 | 64.2% | 8,764 |
| SIGMA SOLVE | 314.8 | 77.1% | 0.2 | 46.5% | 230.8 | 64.0% | 651 |
| TUNWAL E-MOTORS LTD. | 41.5 | 76.6% | 1.0 | 247.3% | 178.3 | 57.5% | 1,046 |
| BLUE PEBBLE LTD. | 364.4 | 72.8% | 0.0 | 146.2% | 50.3 | 54.4% | 221 |
| ESAB INDIA | 6,244.6 | 72.0% | 0.0 | 40.1% | 2,277.6 | 53.3% | 12,594 |
| PETRO CARBON AND CHEMICALS LTD. | 217.4 | 69.0% | 0.5 | 332.6% | 1,255.6 | 50.9% | 5,386 |
| WINSOL ENGINEERS LTD. | 270.0 | 67.4% | 0.6 | 104.9% | 133.1 | 51.7% | 780 |
| MISHTANN FOODS | 14.1 | 64.6% | 0.1 | 277.5% | 3,590.4 | 64.6% | 12,876 |
| OVERSEAS SYNTHETICS | 167.7 | 64.4% | 0.0 | 57.5% | 0.0 | 49.4% | 630 |
| TEERTH GOPICON LTD. | 481.6 | 64.1% | 0.7 | 155.7% | 181.1 | 60.0% | 1,049 |
| NETWORK PEOPLE SERVICES TECHNOLOGIES LTD. | 3,009.5 | 63.9% | 0.0 | 140.6% | 410.7 | 48.3% | 1,276 |
| SHUBHSHREE BIOFUELS ENERGY LTD. | 250.0 | 63.2% | 0.1 | 634.2% | 42.3 | 46.4% | 941 |
| SURATWWALA BUSINESS GROUP | 111.1 | 62.9% | 0.6 | 52.0% | 393.4 | 48.0% | 720 |
| ENVIROTECH SYSTEMS LTD. | 113.0 | 62.8% | 0.5 | 139.0% | 160.0 | 58.3% | 462 |
| 21ST CEN.MGT | 105.1 | 61.8% | 0.0 | 86.6% | 329.4 | 60.4% | 386 |
| CRESTCHEM | 277.3 | 61.0% | 0.0 | 61.4% | 27.7 | 43.8% | 213 |
| GILLETTE INDIA | 9,287.1 | 60.2% | 0.0 | 10.9% | 6,274.2 | 43.4% | 26,331 |
| SHILCHAR TECH. | 7,745.2 | 58.9% | 0.0 | 128.5% | 1,133.0 | 43.8% | 3,969 |
| FICOM INDUST | 222.9 | 58.5% | 0.0 | 20.2% | 276.5 | 43.3% | 1,615 |
* We show NM where the values are negative
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