Microcap stocks can be defined as stocks of companies with a market capitalization between ₹50 crore and ₹500 crore. Because of their smaller size and lower liquidity, these stocks are considered risky, but with a careful investment strategy, they can yield attractive returns.
In this blog, we will explore the 10 micro-cap stocks that investors can consider for investment.
Overview of 10 Micro Cap Stocks for Investment in 2024
Following is the list of micro-cap stocks to consider for investment in 2024:
1. Naga Dhunseri Group Ltd.
Naga Dhunseri Group Ltd. is an Indian non-banking finance company. It makes investments in bonds, securities, debentures, and shares. It also develops, holds, and looks after buildings and land.
- Current Price: ₹5,610.00
- Market Cap: ₹548 Cr
- P/E Ratio: 13.00
- 3y returns: 356.1%
2. Royal Cushion Vinyl Products
Royal Cushion Vinyl Products Limited, runs its manufacturing facility in Baska (Halol), Gujarat. PVC vinyl flooring, used in homes, workplaces, stores, health clubs, hotels, schools, trains, and buses, is produced and sold by this company.
- Current Price: ₹32.44
- Market Cap: ₹117 Cr
- P/E Ratio: 13.00
- 3y returns: 293.21%
3. Athena Global Technologies Ltd
Athena Global Technologies Ltd., originally founded as VJIL Consulting Ltd. in June 1991, transitioned into a limited company on May 6, 1992. The company specializes in software development, turnkey projects, service offerings, and the sale of domestic products.
- Current Price: ₹104.00
- Market Cap: ₹143 Cr
- P/E Ratio: 1.00
- 3y returns: 11.83%
4. Biogen Pharmachem Industries Ltd
In July 1995, Biogen Pharmachem was founded as Wellworth Overseas Limited. On March 24, 2021, the company changed its name to Biogen Pharmachem Industries Ltd. It is engaged in the trade of commodities, precious metals, agricultural products, and other goods.
- Current Price: ₹1.32
- Market Cap: ₹85 Cr
- P/E Ratio: 66.00
- 3y returns: 103.08%
5. Som Datt Finance Corporation Ltd
Founded in October 1993, Som Datt Finance Corporation Limited specializes in private equity investments in stocks and securities. Since then, the business has expanded into general and motion insurance, bill discounting, loan syndication, project consulting, and financial advising services.
- Current Price: ₹127.00
- Market Cap: ₹134 Cr
- P/E Ratio: 15.00
- 3y returns: 237.32%
6. Bombay Oxygen Ltd
Originally founded as Bombay Oxygen Corporation in October 1960 to manufacture and market industrial gases, the company rebranded as Bombay Oxygen Investment Limited on October 3, 2018.
- Current Price: ₹31,988.00
- Market Cap: ₹478 Cr
- P/E Ratio: 7.00
- 3y returns: 178.51%
7. Everlon Financials Ltd
On July 22, 2021, Everlon Financials Limited, formerly known as Everlon Synthetics Limited, changed its name. The company was first founded in 1989. Everlon Financials Limited is a non-banking finance company currently registered with the Reserve Bank of India.
- Current Price: ₹135.75
- Market Cap: ₹86 Cr
- P/E Ratio: 10.00
- 3y returns: 293.21%
8. Amba Enterprises Ltd.
Amba Enterprises Ltd. was founded in 1995. AEL is a manufacturer and trader of transformer core lamination materials and goods. They specialize in die-casting rotors, motor stamping, silicon steel slit coils, and cut-to-size transformer laminations.
- Current Price: ₹231.90
- Market Cap: ₹288 Cr
- P/E Ratio: 43.00
- 3y returns: 829.46%
9. Dhruva Capital Services Ltd
Dhruva Capital Services Limited is an investment and financing company that was founded in Udaipur in 1995. Its main operations take place in and around Udaipur. The company provides ICDs, loans, advances, as well as hire purchase and leasing services.
- Current Price: ₹389.95
- Market Cap: ₹152 Cr
- P/E Ratio: 91.00
- 3y returns: 8527.21%
10. Quest Capital Markets
Originally known as BNK Capital Markets Limited, Quest Capital Markets Ltd was established on April 17, 1986. The company leases property, trades securities, and mobilizes fixed deposit plans for other companies. It makes both short-term and long-term investments in securities.
- Current Price: ₹499.85
- Market Cap: ₹499 Cr
- P/E Ratio: 25.00
- 3y returns: 105.15%
To Wrap Up
Micro-cap stocks offer an exciting avenue for investors seeking growth potential. However, their limited liquidity and smaller size present risks. The ten stocks highlighted in the blog represent a variety of industries and business models, each with its own set of advantages and drawbacks. Invest as per your risk appetite and long-term goals.
