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Best small-cap stocks in India (November 2026)

The highest-quality small-cap companies in India by our 0–100 score, with our fair-value verdict on each.

#CompanyQualityDiscountOur call
1HD Fire Protect LtdHDFIRE · Industrials94-34%Watch
2Aptus Value Housing Finance India LtdAPTUS · Financial Services92-66%Watch
3MAS Financial Services LtdMASFIN · Financial Services92-58%Watch
4Indian Energy Exchange LtdIEX · Financial Services92+34%Buy candidate
5Indiamart Intermesh LtdINDIAMART · Consumer Discretionary90+5%Buy candidate
6Raghav Productivity Enhancers LtdRPEL · Industrials89-455%Watch
7S J S Enterprises LtdSJS · Consumer Discretionary89-47%Watch
8Kirloskar Pneumatic Company LtdKIRLPNU · Industrials88-17%Watch
9Crizac LtdCRIZAC · Consumer Discretionary88+59%Buy candidate
10Canara Robeco Asset Management Company LtdCRAMC · Financial Services88+32%Buy candidate
11India Shelter Finance Corporation LtdINDIASHLTR · Financial Services88-137%Watch
12MPS LtdMPSLTD · Consumer Discretionary86+8%Buy candidate
13Newgen Software Technologies LtdNEWGEN · Information Technology86+36%Buy candidate
14Supriya Lifescience LtdSUPRIYA · Healthcare85-3%Buy candidate
15Stylam Industries LtdSTYLAMIND · Consumer Discretionary85+7%Buy candidate
16Sharda Motor Industries LtdSHARDAMOTR · Consumer Discretionary84+62%Buy candidate
17Sanofi Consumer Healthcare India LtdSANOFICONR · Healthcare83-84%Watch
18Sacheerome LtdSACHEEROME · Commodities83-261%Watch
19AAVAS Financiers LtdAAVAS · Financial Services83-79%Watch
20Saksoft LtdSAKSOFT · Information Technology82+62%Buy candidate
21Gujarat Themis Biosyn LtdGUJTHEM · Healthcare82-241%Watch
22KMC Speciality Hospitals (India) Ltd524520.BO · Healthcare82-60%Watch
23Swaraj Engines LtdSWARAJENG · Industrials82+6%Buy candidate
24Lohia Corp LtdLCL · Industrials82-205%Watch
25Paisalo Digital LtdPAISALO · Financial Services82-650%Pass
26Knack Packaging LtdKNACK · Industrials81-3%Buy candidate
27KMC Speciality Hospitals (India) LtdKMCSHIL · Healthcare81-79%Watch
28Emkay Tools LtdETL · Industrials81-135%Watch
29Dhanuka Agritech LtdDHANUKA · Commodities81+3%Buy candidate
30Hawkins Cookers LtdHAWKINCOOK · Consumer Discretionary81-53%Watch
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Quality score is a 0–100 rating of business quality; discount is versus our estimate of fair value. RichFakir is a free educational research tool, not investment advice — figures are estimates from public filings and may contain errors. Do your own research.