Finest Mid Cap Shares Below Rs 500 with RoE of 20%: Traders are always looking out for extremely worthwhile corporations that may proceed to develop within the coming years. Thus, mid cap shares with excessive return ratios are a great proposition as you may anticipate ample headroom for development. On this article, we’ll current you a listing of such high mid cap shares beneath Rs 500 with RoE of 20%.
Finest Mid Cap Shares Below Rs 500
For our research, we’ll take a look at companies from numerous industries: metropolis gasoline distribution, chemical compounds, and quick-service eating places. We’ll study their companies and any latest developments. Later, a desk lists extra greatest mid cap shares beneath Rs 500 with RoE of 20%.
Finest Mid Cap Shares Below Rs 500 #1 – Indraprastha Fuel Ltd.
Indraprastha Fuel Ltd. (IGL) was included in 1998 as a three way partnership of GAIL and BPCL. Presently, each the PSUs maintain a 22.5% stake every totaling the promoter holding 45%. Along with this, a 5% stake lies with the Delhi Authorities.
IGL is engaged within the enterprise of distribution of compressed pure gasoline (CNG) and piped pure gasoline (PNG) for automotive, home, and business makes use of. Its space of operation consists of Delhi NCT and close by cities as properly reminiscent of Ajmer, Meerut, and so forth.
It owns greater than 725 CNG gasoline stations in and round Delhi. The corporate sells over 43.86 lakh kgs of pure gasoline each day.
Not too long ago, the gasoline distributor acquired stakes in Central UP Fuel Restricted (CUGL) and Maharashtra Pure Fuel Restricted (MNGL) to diversify its presence and enter CGD markets of Pune, Kanpur, and extra.
The administration of IGL introduced final yr that it has earmarked a big funding of Rs 8,000 crore in the direction of the growth of CNG stations and pipelines.
IGL is a debt-free mid cap inventory with a excessive RoE of 20.9%. The trailing twelve months (TTM) revenue after tax of IGL after the December 2022 quarter outcomes stood at Rs 1,673 crore on gross sales of Rs 12,865 crore.
Finest Mid Cap Shares Below Rs 500 #2 – Gujarat Fuel Ltd.
Owned by Gujarat State Petronet, Gujarat Fuel Ltd (GGL). is a metropolis gasoline distribution firm with a outstanding presence within the state of Gujarat and neighboring states. It owns greater than 27 CGD licenses and has operations in 44+ cities in six states and one Union Territory giving it a diversified footprint.
The Ahmedabad-headquartered firm was established in 1980. It noticed a change of possession when British Fuel acquired a majority stake in 1997. Later, Gujarat State Petroleum Company purchased BG Group’s stake marking a reverse privatization.
The Gujarat authorities firm is without doubt one of the largest CGD gamers within the nation with a licensed space of 1,75,700 sq. km., 17 lakh residential clients, 13,400 business clients, 711 CNG stations, and 4,300 industrial models.
GGL has plans to extend its capital expenditure yearly from now. Beforehand, it used to spend Rs 500 crore yearly on common. Going ahead, the administration is focusing on a CAPEX of Rs 1,000 crore.
Regardless of being in the identical trade, GGL boasts off increased RoE of 25.7% than Indraprastha Fuel. The corporate reported a TTM internet revenue of Rs 1,602 crore on an revenue of Rs 17,500 crore after the December 2022 outcomes. Its earnings have constantly elevated during the last a number of years.
It is usually a debt-free inventory with a excessive promoter holding of 60.9%.
Finest Mid Cap Shares Below Rs 500 #3- Jubilant FoodWorks Ltd.
Jubilant Foodworks Ltd. (JFL) is the famend grasp franchiser of Domino’s Pizza shops in India, Sri Lanka, Bangladesh, and Nepal. It has unique rights to develop and function pizza shops within the nation and is the most important franchise of Domino’s outdoors the US.
The corporate was based shut to a few many years in the past in 1995 by Shyam Sunder Bhartia and Hari Bhartia. Since then, it has grown to change into the most important quick-service restaurant chain in India.
It operates over 1,900 shops throughout totally different manufacturers. It has a presence in additional than 387 cities within the nation. Together with Domino’s Pizza, Jubilant additionally has unique rights to personal and function Dunkin and Popeyes shops in India. Moreover, lately, JFL has additionally launched two in-house manufacturers: Ekdum and Hong’s Kitchen.
The web revenue and gross sales of Jubilant Foodworks have persistently grown since FY17 due to quantity development and margin growth each. The trailing twelve months (TTM) revenue after tax was recorded at Rs 420 crore on an revenue of Rs 5,064 crore. It’s a worthwhile enterprise with a excessive RoE of 25.5%.
Moreover, the administration notified in January this yr that it has deliberate a CAPEX of Rs 900 crore over the subsequent 12 to 18 months. It is going to be deployed in the direction of upgrading the digital infrastructure, Domino’s and Popeyes shops, and growing back-end models that service shops.
Finest Mid Cap Shares Below Rs 500 #4 – Sona BLW Precision Forgings Ltd.
Sona BLW Precision Forgings was began virtually three many years in the past in 1995. Quick ahead to the current date, it’s a main auto ancillary firm in India with a global presence. Over time, it has grown organically and inorganically to change into of essentially the most most well-liked automotive elements provider.
Sona BLW had a model revamp in 2019 when it acquired Comstar Automotive Applied sciences. Thereafter, a brand new picture ‘Sona Comstar’ was crafted to leverage the model synergies.
Speaking in regards to the enterprise of the corporate, it’s engaged within the design, manufacturing, and sale of important automotive elements together with differential gears, differential assemblies, BSG programs, EV traction motors, typical & micro-hybrid starter motors, and motor management models.
In FY22, abroad gross sales accounted for a majority of 78% of the whole revenue of Sona Comstar making it a well-diversified firm. What’s extra? EV elements gross sales made up 25% of the income positioning Sona Comstar properly to experience the EV increase.
The automotive elements producer employs over 3,500 people throughout its 9 manufacturing and meeting websites situated in India, the USA, Mexico, and China. It has three R&D facilities and eight warehouses.
Sona BLW is a excessive RoE inventory supported by its robust revenue margins. Promoters maintain a 33% stake within the enterprise that has reported constant development (barring FY20) in earnings and gross sales each since FY277. Its TTM internet revenue stood at Rs 447 crore on gross sales of Rs 2,264 crore after the December 2023 quarter outcomes.
Finest Mid Cap Shares Below Rs 500 #5- Sumitomo Chemical India Ltd.
Sumitomo Chemical India Ltd. (SCIL) is a subsidiary of Sumitomo Chemical Firm, a Japanese world chief within the chemical compounds trade. The mum or dad holds the utmost allowed 75% shareholding within the firm.
SCIL is engaged within the manufacturing, import, and advertising of all kinds of merchandise: crop safety, rodent management, pesticides, grain fumigation, environmental well being, and extra.
The corporate is run by a powerful workforce of over 1,750 staff. It has 5 manufacturing services and a big community of 16,000 direct distributors dealing with 700+ SKUs throughout 200+ manufacturers.
The administration of the chemical inventory has put an extra CAPEX of Rs 120 crore on the highest of normal CAPEX of Rs 70-75 crore. It plans to monetize 5 extra merchandise and has a number of extra within the pipeline.
The inventory of SCIL at the moment trades at a price-to-earnings ratio of 41 and a price-to-book worth ratio of 9.3. It’s a debt-free inventory with a excessive RoE of 25.1%
Checklist of All Mid Cap Shares Below Rs 500
The desk beneath presents the names of all mid cap shares beneath Rs 500
Sl NoCompanyIndustryMCap(Cr)Present Value (Rs)PE Ratio TTM
1Indian Abroad BankBank – Public₹47,293.84₹25.0827.74
2Max Healthcare Institute Ltd.Hospital & Healthcare Providers₹47,010.52₹484.1048.15
3CG Energy and Industrial Options Ltd.Electrical Tools₹46,630.96₹305.1071.86
4Yes Financial institution Ltd.Financial institution – Non-public₹45,835.54₹15.9462.29
5NHPC Ltd.Energy Technology, Distribution₹45,805.36₹45.6011.92
6Indian Railway Finance Company Ltd.Finance Time period Lending₹45,530.67₹34.847.00
7Power Finance Company Ltd.Finance Time period Lending₹44,551.37₹168.753.09
8JSW Vitality Ltd.Energy Technology, Distribution₹42,778.01₹260.1020.67
9Ashok Leyland Ltd.Vehicles-Vans,Lcv₹42,412.36₹144.4567.48
10IDFC First Financial institution Ltd.Financial institution – Non-public₹41,885.95₹63.2816.86
11Indian BankBank – Public₹41,323.74₹332.008.14
12Aditya Birla Capital Ltd.Finance – NBFC₹41,231.36₹170.508.89
13Indus Towers Ltd.Telecommunication – Service Supplier₹40,868.72₹151.7020.04
14Bandhan Financial institution Ltd.Financial institution – Non-public₹37,001.34₹229.7011.25
15FSN E-Commerce Ventures Ltd.e-Commerce₹36,981.97₹129.650.00
16Hindustan Petroleum Company Ltd.Refineries₹36,016.94₹253.900.00
17Mahindra & Mahindra Monetary Providers Ltd.Finance – NBFC₹35,428.82₹286.7517.10
18Bank Of IndiaBank – Public₹35,426.09₹86.3311.37
19REC Ltd.Finance Time period Lending₹34,863.89₹132.403.35
20Steel Authority Of India Ltd.Metal & Iron Merchandise₹34,159.44₹82.809.78
21UCO BankBank – Public₹34,098.39₹28.5218.67
22Petronet LNG Ltd.Industrial Gases & Fuels₹33,907.50₹226.0510.20
23Indraprastha Fuel Ltd.Industrial Gases & Fuels₹33,817.04₹484.2520.26
24Vodafone Thought Ltd.Telecommunication – Service Supplier₹33,686.34₹6.920.00
25NMDC Ltd.Mining & Minerals₹31,767.77₹108.406.18
26Gujarat Fuel Ltd.Fuel Transmission, Advertising₹31,755.44₹461.3019.82
27Jubilant FoodWorks Ltd.Shopper Meals₹30,682.80₹465.0072.81
28General Insurance coverage Company of IndiaInsurance₹30,623.05₹174.555.01
29Rail Vikas Nigam Ltd.Engineering – Building₹29,576.01₹141.8520.55
30Biocon Ltd.Prescribed drugs & Medicine₹29,150.57₹242.8075.11
31Bharat Heavy Electricals Ltd.Engineering – Industrial Equipments₹28,107.22₹80.7236.09
32GMR Airports Infrastructure Ltd.Engineering – Building₹27,572.20₹45.72228.20
33Oil India Ltd.Oil Exploration₹27,451.72₹252.603.01
34The Federal Financial institution Ltd.Financial institution – Non-public₹27,052.42₹127.808.55
35Delhivery Ltd.Courier Providers₹25,922.40₹357.600.00
36Poonawalla Fincorp Ltd.Finance – NBFC₹24,988.86₹325.3536.54
37Central Financial institution Of IndiaBank – Public₹24,636.51₹28.3814.68
38Jindal Stainless Ltd.Metal & Iron Merchandise₹23,957.83₹290.7015.64
39Motherson Sumi Wiring India Ltd.Metal & Iron Merchandise₹23,710.40₹53.6360.03
40L&T Finance Holdings Ltd.Finance – NBFC₹23,500.19₹94.7614.48
41Apollo Tyres Ltd.Tyres & Allied₹23,416.17₹369.2529.66
42Punjab & Sind BankBank – Public₹22,495.47₹33.1917.13
43Devyani Worldwide Ltd.Shopper Meals₹21,342.47₹176.9075.98
44Kansai Nerolac Paints Ltd.Paints₹21,268.47₹395.4052.67
45The Fertilisers And Chemical substances Travancore Ltd.Fertilizers₹20,913.37₹323.2034.12
46Bank Of MaharashtraBank – Public₹20,507.82₹30.477.87
47Sumitomo Chemical India Ltd.Pesticides & Agrochemicals₹20,477.45₹412.0040.74
48Aditya Birla Trend and Retail Ltd.Retailing₹20,322.84₹214.20104.47
49Fortis Healthcare Ltd.Hospital & Healthcare Providers₹20,093.21₹265.5538.25
50LIC Housing Finance Ltd.Finance – Housing₹20,069.05₹364.857.13
51Prestige Estates Initiatives Ltd.Building – Actual Property₹19,616.17₹487.4013.83
52The New India Assurance Firm Ltd.Insurance coverage₹19,586.48₹118.8553.01
53Zee Leisure Enterprises Ltd.TV Broadcasting & Software program Manufacturing₹18,499.60₹192.6043.45
54IIFL Finance Ltd.Finance – Funding₹17,640.56₹463.7011.76
55Laurus Labs Ltd.Prescribed drugs & Medicine₹16,989.05₹315.4021.50
56IRB Infrastructure Builders Ltd.Engineering – Building₹16,957.51₹28.0822.19
57Sun TV Community Ltd.TV Broadcasting & Software program Manufacturing₹16,955.49₹428.709.73
In Conclusion
We realized about a few of the greatest mid cap shares beneath Rs 500 with RoE of 20% and above. A relentless theme was a lot of the corporations have put CAPEX plans in place and are eying development within the coming quarters. Thus, excessive RoE coupled with good development is sort of a double-edged sword for the traders.
In your opinion, what different vital metrics ought to we take note whereas choosing excessive RoE shares? How about you tell us within the feedback beneath?
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Vikalp Mishra is a commerce graduate from the College of Delhi. He likes to write down on finance, cash and enterprise. He’s a voracious reader with a real curiosity in investing. Drop him a mail at [email protected].
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