This is a curated list of the most promising small and mid-cap stocks to buy. These are high-conviction stocks. There is a brief commentary given on each stock which explains the rationale for choosing the stocks in the list of top stock picks.
The list can be viewed here in case some of the details are not visible on this webpage. Link: https://docs.google.com/spreadsheets/d/1yOSK629DuVbpKZ_9iyqmmTvH2TQkyyZ7-8AY2SYwcEU/edit?usp=sharing
Ticker | Name | Chart (10 years) | Chart (1 year) | Price | PE Ratio | EPS | %-change (1 month) | %-change (6 months) | %-change (12 months) | 52 week high | 52 week low |
|---|---|---|---|---|---|---|---|---|---|---|---|
| TEJASNET | Tejas Networks Ltd | 1,220.20 | 47.65 x | 25.61 | -6.61% | -15.68% | 29.89% | 1495 | 651.25 | ||
| PGEL | PG Electroplast Ltd | 965.00 | 218.58 x | 4.41 | 29.26% | 66.08% | 74.60% | 1019 | 146.71 | ||
| NATIONALUM | National Aluminium Company Limited | 214.44 | 12.7 x | 16.89 | -17.22% | 12.11% | 46.21% | 262.99 | 114.7 | ||
| NEULANDLAB | Neuland Laboratories Ltd. | 13,848.40 | 63.53 x | 217.98 | -7.26% | 46.98% | 61.51% | 18100 | 5021.1 | ||
| TIMETECHNO | Time Technoplast Ltd | 489.00 | 30.75 x | 15.91 | 16.07% | 32.25% | 63.21% | 513.55 | 161.75 | ||
| KAYNES | Kaynes Technology India Ltd | 7,250.00 | 196.37 x | 36.92 | 18.68% | 44.41% | 63.68% | 7780 | 2424 | ||
| SUDARSCHEM | Sudarshan Chemical Industries Ltd | 1,131.75 | 59.71 x | 18.95 | 12.57% | 22.03% | 51.54% | 1234.45 | 500.95 | ||
| SENCO | Senco Gold Ltd | 1,067.85 | 39.51 x | 27.03 | -8.81% | 2.36% | 32.36% | 1544 | 681.4 | ||
| JUBLPHARMA | Jubilant Pharmova Ltd | 1,093.30 | 29.25 x | 37.38 | -1.69% | 33.64% | 50.83% | 1309.9 | 526.05 | ||
| SKIPPER | Skipper Ltd (India) | 550.00 | 54 x | 10.18 | 1.28% | 34.37% | 60.04% | 665 | 214.7 | ||
| TARIL | Transformers and Rectifiers (India) Ltd | 1,070.00 | 138.99 x | 5.36 | 9.48% | #N/A | #N/A | 1199 | 213.05 | ||
| STYLAMIND | Stylam Industries Ltd | 2,430.00 | 31.54 x | 77.06 | -0.78% | 30.77% | 27.88% | 2735 | 1414 | ||
| RATNAVEER | Ratnaveer Precision Engineering Ltd | 181.97 | 16.46 x | 11.06 | -43.18% | 16.80% | 35.62% | 273.97 | 107.1 | ||
| KPIGREEN | KPI Green Energy Ltd | 785.60 | 41.73 x | 18.82 | 3.01% | -11.00% | 43.52% | 1118 | 416.67 |
(1) Tejas Networks
Tejas Networks is held in the portfolio of Vijay Kedia and was recommended by him (link).
The company is an optical and data networking products company that specialises in providing design, development of high-performance and cost-competitive products to telecommunication and internet service providers, utility companies, defence firms and government entities situated across over 60 countries.
Kedia opined that Tejas would benefit from the increased consumption of data as it is one of the highest R&D spenders in India. The R&D spend by the company has been 10-15 per cent of its revenue, which is one the highest in any segment, be it technology or pharma.
“Tejas’ addressable market size is worth more than $7 billion a year, whereas they are not even at $100-150 million revenue mark yet. The company fits into my ‘SMILE’ investing principle,” he said.
(2) PG Electroplast Ltd
PG Electroplast Ltd (PGEL) is a leading, diversified Indian Electronic Manufacturing Services (EMS) provider. PGEL specialises in Original Design Manufacturing (ODM), Original Equipment Manufacturing (OEM) and Plastic Injection Moulding, providing a range of solutions to India’s consumer durables companies. It has 11 manufacturing units located across Greater Noida, Ahmednagar, Bhiwadi and Roorkee. The company’s wholly owned subsidiary PG Technoplast Private Limited (PGTL) manufactures air conditioners, coolers and components for various consumer durable OEMs.
(3)
(4) Neuland Laboratories Ltd
Neuland Laboratories Ltd (Neuland) is a 30-year-old pharmaceutical company engaged in R&D, manufacturing and marketing of a wide range of bulk drugs, intermediates and custom synthesis of APIs (CMS). While catering to the generic and innovator customers in developed markets of the US, Europe and Japan (~88% of sales), Neuland has fast transformed its products basket into niche segments like ophthalmics, schizophrenia, anti-asthma, anti-fungals, anti-depressants and CNS among others. Given its two state of-the-art manufacturing facilities and R&D infrastructure, the company has developed a rich portfolio of over 75 products and has made over 652 regulatory filings, positioning itself among the most advanced API and CRAMS platforms in India.
(5) Time Technoplast
Time Technoplast is a leader in industrial packaging & composite cylinders with a marquee global clientele. VAP is a high growth (20-30% CAGR), high margin (18%+) business. LPG & CNG cylinders have huge potential. There are many levers for margin expansion, RoCE & cash flow.
(6) Kaynes Technology (Kaynes)
Kaynes Technology is one of the prominent players in electronics system design and manufacturing (ESDM) services with three decades of experience (mainly in B-B). It serves various industries such as automotive, industrial, aerospace, defence, outer space, nuclear, medical, railways, IoT, and IT. Kaynes is one of the key beneficiaries of the GoI’s focus on the ‘Aatmanirbhar Bharat’ initiative along with the global need of ‘China+1’. COVID was an inflection point for the ESDM industry and India has seen a massive trend change thereafter. Top ESDM players have seen revenue CAGR of 14%-33% over the last three years, and Kaynes has clocked 45% CAGR. The industry is expected to clock >30% CAGR over FY22-27E to reach INR 6trn, and Kaynes aims to grow ahead of the industry.
(7) Sudarshan Chemical Industries Ltd. (Sudarshan)
Sudarshan Chemical Industries is one of the leading global players in the pigment industry with dominant domestic market share of ~35% and presence across inorganic, classical azo, high performance pigment (HPP) and effect pigment segments. Tilt of product mix in favour of high-margin HPP & effect pigment segments, sharpening focus on global markets of Europe and North America, wide distribution footprint and capacity augmentation at Roha site are set to spur 40% earnings CAGR
(8) Senco Gold Ltd
Senco Gold Ltd. is a pan-India jewellery retail player with a history of more than five decades. The company’s products are sold under the brand of ‘Senco Gold & Diamonds’ through multiple channels which include owned stores, franchise stores and various online platforms. Senco enjoys a wide and directly-owned retail presence across West Bengal, Uttar Pradesh, Odisha, Jharkhand, Karnataka, Maharashtra and Assam. It has 83 Company Operated (CO) showrooms and 62 Franchise Operated showrooms as of Sep’23 across all regions in India.
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