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) |
|---|---|---|---|---|---|---|---|
| P&G HYGIENE | 17,402.8 | 94.8% | 0.0 | 12.7% | 8,640.0 | 75.5% | 39,179 |
| ANGEL BROKING | 3,058.3 | 61.0% | 0.4 | 100.8% | 12,923.6 | 42.3% | 30,016 |
| PAGE INDUSTRIES | 37,816.4 | 58.4% | 0.2 | 17.5% | 8,640.2 | 41.7% | 50,006 |
| CG POWER & INDUSTRIAL | 455.7 | 57.7% | 0.0 | 198.5% | 10,052.9 | 44.6% | 69,725 |
| IRCTC | 701.4 | 55.3% | 0.0 | 22.2% | 12,762.2 | 40.6% | 35,415 |
| TATA ELXSI | 8,417.8 | 45.8% | 0.0 | 41.6% | 9,601.2 | 36.2% | 31,447 |
| VEDANT FASHIONS (MANYAVAR) | 1,389.5 | 43.6% | 0.0 | 19.4% | 6,708.5 | 30.8% | 13,549 |
| CRISIL | 4,216.3 | 42.6% | 0.0 | 17.0% | 7,296.4 | 32.1% | 27,687 |
| MINDTREE | 3,433.4 | 41.6% | 0.0 | 27.3% | 21,956.0 | 30.4% | 105,253 |
| TUBE INVESTMENTS OF INDIA | 3,291.6 | 41.2% | 0.2 | 14.9% | 19,029.0 | 29.4% | 149,647 |
| ABBOTT INDIA | 23,675.7 | 41.0% | 0.0 | 16.8% | 12,054.9 | 30.2% | 53,487 |
| SOLAR INDUSTRIES | 6,188.8 | 38.7% | 0.4 | 43.7% | 12,889.2 | 31.1% | 69,225 |
| 3M INDIA | 31,077.9 | 36.6% | 0.0 | 10.4% | 6,042.9 | 26.9% | 39,594 |
| COROMANDEL INTERN | 1,170.5 | 36.6% | 0.0 | 19.1% | 29,261.5 | 25.5% | 296,279 |
| METRO BRANDS | 1,375.7 | 35.9% | 0.0 | 24.4% | 6,787.4 | 23.6% | 21,271 |
| L&T TECHONOLOGY | 4,812.7 | 34.7% | 0.0 | 15.2% | 16,960.0 | 24.2% | 80,136 |
| GUJARAT FLUOROCHEMICALS | 2,848.6 | 33.3% | 0.3 | 64.8% | 19,641.8 | 24.0% | 56,847 |
| PERSISTENT SYSTEMS | 6,429.1 | 32.7% | 0.1 | 45.2% | 15,058.0 | 24.7% | 83,506 |
| KPIT TECHNOLOGIES | 1,483.1 | 32.6% | 0.0 | 30.1% | 6,328.9 | 23.8% | 33,650 |
| COFORGE | 5,714.6 | 31.0% | 0.1 | 21.0% | 12,807.0 | 24.9% | 80,146 |
| NARAYANA HRUDAYALAYA | 1,222.7 | 30.3% | 0.4 | 31.9% | 9,804.6 | 28.5% | 45,248 |
| GUJARAT GAS | 433.8 | 29.8% | 0.0 | 13.7% | 24,184.0 | 21.7% | 162,126 |
| MAZAGON DOCK SHIP. | 2,011.9 | 29.7% | 0.0 | 45.1% | 8,025.1 | 22.0% | 78,272 |
| MPHASIS | 2,375.4 | 29.4% | 0.0 | 13.8% | 24,339.6 | 21.2% | 137,985 |
| DIXON TECHNOLOGIES | 5,949.7 | 28.9% | 0.1 | 31.4% | 5,162.5 | 20.1% | 121,920 |
* We show NM where the values are negative
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