Best Mid-Cap Stocks to Buy
The growth-and-stability sweet spot — quality companies in the ₹5,000–20,000 Cr range.
Not investment advice
These lists are rules-based research, not buy recommendations. Rankings are generated from NSE & BSE data by a deterministic formula and do not account for your personal circumstances. For informational purposes only. Consult a SEBI-registered advisor before investing.
How we rank: We take mid-caps (market cap ₹5,000–20,000 Cr) that are profitable (ROE > 15%) and rank them 0–100 by our composite score.
#1
ECLERX SERVICES LTDECLERX
₹1,979.8+12.51%Score 76/100
ROE 29.0%ROCE 34.8%P/E 18.5Mkt Cap (Cr) 18,895
- ROE of 29% — excellent capital efficiency
- ROCE of 35% — highly efficient use of capital
- Healthy ROE of 29%
- Conservatively financed (D/E 0.15)
#2
₹346.35-1.17%Score 76/100
ROE 23.2%ROCE 30.7%P/E 25.9Mkt Cap (Cr) 14,965
- ROE of 23% — excellent capital efficiency
- ROCE of 31% — highly efficient use of capital
- Healthy ROE of 23%
- Virtually debt-free (D/E 0.00)
#3
₹6,799.5-0.80%Score 75/100
ROE 61.6%ROCE 83.5%P/E 32.8Mkt Cap (Cr) 11,290
- ROE of 62% — excellent capital efficiency
- ROCE of 84% — highly efficient use of capital
- Healthy ROE of 62%
- Virtually debt-free (D/E 0.02)
#4
WAAREE RENEWABLE TECH LTDWAAREERTL
₹999.2-0.40%Score 74/100
ROE 69.1%ROCE 85.4%P/E 22.3Mkt Cap (Cr) 10,435
- ROE of 69% — excellent capital efficiency
- ROCE of 85% — highly efficient use of capital
- Healthy ROE of 69%
- Conservatively financed (D/E 0.12)
#5
SANOFI CONS HEALTHC IND LSANOFICONR
₹4,567.2+0.19%Score 72/100
ROE 71.6%ROCE 89.9%P/E 40.3Mkt Cap (Cr) 10,514
- ROE of 72% — excellent capital efficiency
- ROCE of 90% — highly efficient use of capital
- Healthy ROE of 72%
- Virtually debt-free (D/E 0.07)
#6
CAPLIN POINT LAB LTD.CAPLIPOINT
₹2,614.2-2.14%Score 71/100
ROE 20.6%ROCE 24.6%P/E 30.1Mkt Cap (Cr) 19,893
- ROE of 21% — excellent capital efficiency
- ROCE of 25% — highly efficient use of capital
- Healthy ROE of 21%
- Virtually debt-free (D/E 0.00)
#7
CHENNAI PETROLEUM CORP LTCHENNPETRO
₹1,200.6-3.24%Score 70/100
ROE 32.1%ROCE 35.1%P/E 5.4Mkt Cap (Cr) 17,932
- ROE of 32% — excellent capital efficiency
- ROCE of 35% — highly efficient use of capital
- Healthy ROE of 32%
- Conservatively financed (D/E 0.18)
#8
ASK AUTOMOTIVE LIMITEDASKAUTOLTD
₹482.1-0.60%Score 69/100
ROE 25.3%ROCE 25.5%P/E 30.2Mkt Cap (Cr) 9,518
- ROE of 25% — excellent capital efficiency
- ROCE of 26% — highly efficient use of capital
- Healthy ROE of 25%
- Net profit up 24% YoY
#9
MANORAMA INDUSTRIES LTDMANORAMA
₹1,591.5-0.24%Score 69/100
ROE 40.3%ROCE 35.4%P/E 40.5Mkt Cap (Cr) 9,494
- ROE of 40% — excellent capital efficiency
- ROCE of 35% — highly efficient use of capital
- Healthy ROE of 40%
- Net profit up 43% YoY
#10
THE GE SHPG.LTDGESHIP
₹1,345.4-2.32%Score 68/100
ROE 18.8%ROCE 18.4%P/E 6.9Mkt Cap (Cr) 19,206
- Healthy ROE of 19%
- Virtually debt-free (D/E 0.06)
- Conservatively financed (D/E 0.06)
- Net profit up 188% YoY
#11
INOX INDIA LIMITEDINOXINDIA
₹1,980.2-0.71%Score 68/100
ROE 26.1%ROCE 33.5%P/E 67.1Mkt Cap (Cr) 17,966
- ROE of 26% — excellent capital efficiency
- ROCE of 34% — highly efficient use of capital
- Healthy ROE of 26%
- Virtually debt-free (D/E 0.07)
#12
TRAVEL FOOD SERVICES LTDTRAVELFOOD
₹1,293.6-0.52%Score 68/100
ROE 35.3%ROCE 42.4%P/E 40.0Mkt Cap (Cr) 17,056
- ROE of 35% — excellent capital efficiency
- ROCE of 42% — highly efficient use of capital
- Healthy ROE of 35%
- Conservatively financed (D/E 0.17)
#13
₹235.7-0.97%Score 68/100
ROE 32.7%ROCE 29.3%P/E 15.1Mkt Cap (Cr) 9,784
- ROE of 33% — excellent capital efficiency
- ROCE of 29% — highly efficient use of capital
- Healthy ROE of 33%
- Conservatively financed (D/E 0.17)
#14
PRUDENT CORP ADV SER LTDPRUDENT
₹2,893.4+1.04%Score 67/100
ROE 28.6%ROCE 37.5%P/E 56.0Mkt Cap (Cr) 12,011
- ROE of 29% — excellent capital efficiency
- ROCE of 38% — highly efficient use of capital
- Healthy ROE of 29%
- Virtually debt-free (D/E 0.04)
#15
BOROSIL RENEWABLES LTDBORORENEW
₹604.55-1.22%Score 67/100
ROE 26.1%ROCE 25.3%P/E 67.6Mkt Cap (Cr) 8,578
- ROE of 26% — excellent capital efficiency
- ROCE of 25% — highly efficient use of capital
- Healthy ROE of 26%
- Conservatively financed (D/E 0.11)
#16
CHAMBAL FERTILIZERS LTDCHAMBLFERT
₹454.3-0.46%Score 66/100
ROE 20.4%ROCE 25.5%P/E 9.8Mkt Cap (Cr) 18,206
- ROE of 20% — excellent capital efficiency
- ROCE of 26% — highly efficient use of capital
- Healthy ROE of 20%
- Virtually debt-free (D/E 0.10)
#17
₹1,341.3-5.04%Score 66/100
ROE 19.7%ROCE 21.3%P/E 83.2Mkt Cap (Cr) 13,777
- ROCE of 21% — highly efficient use of capital
- Healthy ROE of 20%
- Conservatively financed (D/E 0.44)
- Net profit up 37% YoY
#18
SHAILY ENG PLASTICS LTDSHAILY
₹2,760.6+1.76%Score 66/100
ROE 28.2%ROCE 30.2%P/E 83.8Mkt Cap (Cr) 12,703
- ROE of 28% — excellent capital efficiency
- ROCE of 30% — highly efficient use of capital
- Healthy ROE of 28%
- Conservatively financed (D/E 0.25)
#19
MARKSANS PHARMA LIMITEDMARKSANS
₹267.1-3.00%Score 66/100
ROE 15.2%ROCE 18.8%P/E 29.0Mkt Cap (Cr) 12,108
- Healthy ROE of 15%
- Conservatively financed (D/E 0.11)
- Net profit up 64% YoY
- Revenue up 21% YoY
#20
₹1,493.6+0.43%Score 66/100
ROE 19.1%ROCE 33.0%P/E 8.7Mkt Cap (Cr) 10,442
- ROCE of 33% — highly efficient use of capital
- Healthy ROE of 19%
- Conservatively financed (D/E 0.23)
- Net profit up 34% YoY
About this list
Mid-caps offer more growth than large-caps and more stability than small-caps. This list ranks the profitable names in that band — often where the best risk-adjusted opportunities sit.
Important caveat
Mid-caps are more volatile than blue-chips and can de-rate sharply in downturns. Size positions accordingly and mind valuation.
Build your own screen
Full screener with 20+ fundamental & technical filters.
High ROE Stocks
The full screen behind this list.
Understand the Return on Equity (ROE)
The key ratio behind this ranking.
More best-stock lists
All best-stock lists →For informational purposes only, not investment advice. Data from NSE & BSE feeds; rankings are rules-based, not recommendations. Consult a SEBI-registered advisor before investing.