Top 5 Small-Cap Stocks with High Growth Potential for 2024 | Create a Strong Portfolio

Introduction

Our Article helps you learn something new about the share market, enabling you to analyze a stock and evaluate a company by understanding certain parameters. You can do this by yourself.

 

Portfolio Discussion

In today’s video, we will discuss the top 10 small-cap stocks, which can help create a strong portfolio from which multiple returns can be expected. While picking these stocks, I have ensured they have different characteristics. We can diversify across sectors to build an overall strong portfolio. The amount and in which stocks you invest is completely up to you, and you can use this information as a reference. Please note that this video is for knowledge-sharing purposes only, and I will not be making any buy or sell recommendations.

Company 1: Hariom Pipe Industries Limited

Hariom Pipe Industries Limited

Let’s discuss our first company, Hariom Pipe Industries Limited, whose business mainly focuses on steel production. The company manufactures steel pipes, tubes, ski foldings, and other steel products used in industries like power construction, agriculture, infrastructure, and industrial projects. With over 16 years of experience, their total manufacturing capacity is 7100 metric tons, and the stock is priced at ₹650+. Their clients include big names such as Ta Project, Ara Agri Gold, and KCP Limited. The company has a strong presence in Southern and Western India and is gradually expanding to other regions.

Looking at the price chart, the stock is currently trading around ₹72 after a high of ₹888, making it an attractive option for value investors. Since March 2024, this stock has emerged as a great growth stock. The promoter holding is 57.1%, with FIIs holding 10%. FII holdings have increased by 3% in the June quarter.

In the last 5 years, this stock has provided 234% returns to its investors. The sales growth is 66%, and profit growth is 56%. If the company continues to show similar growth, this stock may soon trade beyond ₹1,000.

Company 2: Saksoft Limited

Saksoft Limited
Saksoft Logo

Our second stock is Saksoft Limited, an IT company specializing in digital transformation and information management solutions. The company focuses on data analytics, cloud computing, digital testing, and software development. Its services help sectors such as Banking, Financial Services, Healthcare, and Retail.

Recently, the company announced the issue of bonus shares in a 1:4 ratio, meaning investors will receive four bonus shares for every one they hold. Long-term investors will benefit from such corporate actions, although the share price will depreciate proportionally. Saksoft’s current stock price is ₹61, and in the past 5 years, the stock has provided multifold returns, increasing by ₹1373.

The company has strong fundamentals: a P/E ratio of 39.6, return on equity of 21.1%, and return on capital employed of 27.7%. The compound sales growth of Saksoft for the last 3 years is 25%, and the profit growth is 28%. The company’s promoter holding is 66.64%, with FII holding 3.53%.

Company 3: Paraj Industries Limited

Paraj Industries Limited

Next up is Paraj Industries Limited, an engineering company focused on biofuel ethanol plants and renewable energy solutions. The company offers bioethanol, biodiesel, compressed biogas, and wastewater treatment solutions. Their expertise lies in sustainable processes. Currently, the stock is trading around ₹7727 after hitting a high of ₹812.

In the last 5 years, the company has given its investors returns of ₹516. The shareholding pattern includes promoter holding of 32.8%, 18.55% FII, and 16.66% DII. Return on equity is 23.3%, and the return on capital employed is 29.3%. The dividend yield is 0.82%, and the P/E ratio is 46.6.

Company 4: Jamuna Auto Industries Limited

Jamuna Auto Industries Limited

Our fourth company, Jamuna Auto Industries Limited, is a well-known brand in the automotive industry. They provide complete suspension solutions for the OEM replacement market and export market. The company’s client list includes Ashok Leyland and Tata. The stock is trading around ₹100, and the company’s return on equity is 24.5%, with a return on capital employed of 30.7%.

Company 5: Caplin Point Laboratories Limited

Caplin Point Laboratories Limited

Caplin Point Laboratories Limited is a pharmaceutical company manufacturing and exporting generic medicines. It serves markets in Latin America, Africa, and Southeast Asia. The company has over 4,000 product registrations globally and produces tablets, capsules, injections, and ointments. The stock has given high returns of ₹250,000 in 6 months and ₹343 over 5 years.

Conclusion

These are just the top five stocks we have discussed, all with strong fundamentals and the potential for high returns. In the next video, I will talk about the remaining stocks that also offer high growth potential. If you like this content, please like, comment, and subscribe to stay updated with more stock market tips.

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