Best Mid Cap Stocks Under Rs 100: Mid-cap stocks have characteristics somewhere in between large and small-cap stocks. They are safer and have more consistent earnings growth than small companies while growing faster than their larger counterparts at the same time.
They have established clients or customers because of their proven track record and brand name. While they may not become 3x or 4x like a penny or small-cap stock, mid-size companies can offer more than satisfactory returns when picked right. Along these lines, we present you top mid cap stocks under Rs 100.
Best Mid Cap Stocks Under Rs 100
In our article, we’ll look at the best mid cap stocks under Rs 100 from different industries including auto ancillary, banking, and more. We’ll learn about their history in brief, business models, and any recent developments. Without further ado, let us move ahead.
Best Mid Cap Stocks Under Rs 100 #1 – Samvardhana Motherson International
| CMP | ₹69 | Market Cap (Cr.) | ₹46,700 |
| EPS | ₹1.4 | Stock P/E | 45.7 |
| RoCE | 8.1% | RoE | 5.4% |
| Promoter Holding | 68% | Book Value | 30.6 |
| Debt to Equity | 0.68 | Price to Book Value | 2.25 |
| Net Profit Margin | 1.9% | Operating Profit Margin | 7.1% |
Samvardhana Motherson International Ltd. or SAMIL was started as Motherson Sumi Systems Ltd. (MSSL) in 1986 as a joint venture between the Motherson Group of India and Sumitomo Wiring Systems (SWS) of Japan.
MSSL grew from a single-customer company producing wiring harnesses for Maruti Udyog into a multi-product auto-ancillary company with an international presence. As of the present date, it sells vision systems, modules & polymer products, elastomers, and other auto-ancillary products.
The wiring harnesses business is no longer part of SAMIL as it was demerged in 2021 and later listed as Motherson Sumi Wiring India (MSWIL). At the same time, the name of Motherson Sumi Systems was changed to Samvardhana Motherson International.
As for the present holding structure, SAMIL owns a 33.4% stake in MSWIL. Its other businesses come under its wholly-owned subsidiary Samvardhana Motherson Automotive Systems Group BV (SMRP BV).
The company’s return ratios: RoCE and RoE took a hit in FY22 on account of lower profitability because of higher tax expenses. Presently, the stock trades at a price-to-earnings ratio of 45.7 and a price-to-book value ratio of 2.25.
As for the long-term prospects of Samvardhana Motherson, the management has targeted revenues of $ 36 billion by FY 2024-25 with a high RoCE of 40% as part of its ‘Vision 2025’ plan.
Best Mid Cap Stocks Under Rs 100 #2 – NHPC
| CMP | ₹43 | Market Cap (Cr.) | ₹43,500 |
| EPS | ₹3.7 | Stock P/E | 11.8 |
| RoCE | 6.5% | RoE | 10.4% |
| Promoter Holding | 71% | Book Value | ₹37 |
| Debt to Equity | 0.70 | Price to Book Value | 1.18 |
| Net Profit Margin | 41.2% | Operating Profit Margin | 43.7% |
Founded in 1975, NHPC Ltd. is India’s largest hydropower development company in India. It is a Mini-Ratna status CPSU under the Ministry of Power, Government of India. NHPC is an end-to-end developer of hydro projects having capabilities to execute all tasks from conceptualization to commissioning of the projects.
The sale of energy from its various power stations forms the income of NHPC. At the end of FY22, the installed power generation capacity of the government company stood at 7071.2 MW. In recent years, the company has also been involved in the establishment of wind and solar power projects.
The image below depicts the widespread geographical presence of the power stations of NHPC.
Talking about the recent developments, the Nepal government has provided NHPC with the license to conduct a preliminary study for the 450 MW Seti River-6 Hydropower Project. Last year, it approved two survey permits for 750 MW West Seti and 450 MW Seti River 6 hydropower projects.
In addition to this, the company has announced that it will re-start the development of the 2,000 MW Subansiri Lower Hydroelectric Project which was put on hold because of safety concerns.
For a utility company, NHPC has an adequate debt-to-equity ratio of 0.70. It is a dividend stock with a dividend yield of 4.17% at the present PE ratio of 11.8.
Also Read – Best Mid Cap Stocks Under Rs 200 – Complete Stock List & Analysis
Best Mid Cap Stocks Under Rs 100 #3 – IDFC First Bank
| CMP | ₹64 | Market Cap (Cr.) | ₹42,350 |
| EPS | ₹3.75 | Stock P/E | 17 |
| RoA | 1.13% | RoE | 10.95% |
| Promoter Holding | 40% | Book Value | ₹34 |
| Credit Cost | 1.16% | Price to Book Value | 1.88 |
| GNPA | 2.51% | NNPA | 0.86% |
IDFC First Bank was formed in December 2018 after the merger of erstwhile Capital First and erstwhile IDFC Bank. As of the present date, IDFC First Bank is one of the leading private sector banks in India with a diversified loan portfolio of more than 20 business lines.
It provides a broad range of banking products and services such as personal loans, mortgage loans, car loans, credit cards, education loans, and working capital & debt financing to retail, SME, and corporate customers.
The bank has built a solid brand in a short period of time because of targeted marketing, mobile application, and various partnerships. Presently, it has more than 7.3 million customers.
For the financial year ending March 2023, the customer deposits of IDFC First Bank grew by a whopping 47% year on year to Rs 1,36,812 crore. Its CASA ratio stood at 49.8%. The asset quality improved with GNPA and NNPA coming down to 2.96% and 1.03% respectively. The bank reported a robust capital adequacy ratio of 16.82%.
The bank has continued its stellar performance since the merger. Its net profit grew to Rs 2,437 crore in FY23 from only Rs 145 crore in FY22.
Best Mid Cap Stocks Under Rs 100 #4 – Steel Authority of India
| CMP | ₹82 | Market Cap (Cr.) | ₹34,000 |
| EPS | ₹8.5 | Stock P/E | 10.4 |
| RoCE | 24% | RoE | 25.2% |
| Promoter Holding | 65% | Book Value | ₹131 |
| Debt to Equity | 0.58 | Price to Book Value | 0.63 |
| Net Profit Margin | 12% | Operating Profit Margin | 20.6% |
Established in January 1973, SAIL is one of the biggest steel manufacturers in India. It comes under the aegis of the Ministry of Steel, Government of India which holds a majority 65% promoter stake in the company.
SAIL is structured as a holding company owning multiple steel companies across India. Presently, it has five integrated production plants for steel and iron. In addition to this, the giant also has three special steel facilities and captive mines of iron ore, flux, and coal.
Talking about the product portfolio of the steel PSU, it manufactures hot & cold rolled products, galvanized products, railway products, structurals, wire rods, plates, TMT bars, pipes, and more.
The recent boom in steel prices and cut in Chinese steel production aided SAIL to post its best production figures in FY23 with 18.28 million tonnes (MT) of crude steel. It has plans to increase its crude steel production capacity to 34-35 million tonnes by 2031 from 19.5 million tonnes at present.
The company reported a net profit of Rs 12,243 crore for the financial year 2021-22 on revenues of Rs 103,477 crore. It is a dividend stock with a high dividend yield of 10.7% and presently trades at a price-to-earnings ratio of 10.4.
Best Mid Cap Stocks Under Rs 100 #5 – Bharat Heavy Electricals
| CMP | ₹73 | Market Cap (Cr.) | ₹25,250 |
| EPS | ₹2.2 | Stock P/E | 32.5 |
| RoCE | 2.9% | RoE | 1.7% |
| Promoter Holding | 63% | Book Value | 75.4 |
| Debt to Equity | 0.22 | Price to Book Value | 0.96 |
| Net Profit Margin | 2% | Operating Profit Margin | 4% |
Founded almost 7 decades ago, Bharat Heavy Electricals Ltd. (BHEL) is a central public sector undertaking under the Ministry of Heavy Industries, Government of India. It is engaged in the design, manufacturing, and supply of various equipment for a broad range of industries including power generation, transmission, defense, aerospace, transportation, etc.
It employs more than 30,000 people across its 16 manufacturing facilities, 4 regional offices, 8 service centers, and 15 regional marketing centers.
BHEL is a preferred choice for various projects and contracts in all modes: EPC, Supply, Supply & Supervision, Consortium partner, Contract Manufacturer, etc.
The capital goods company produces products such as compressors, transformers, shunt reactors, motors, pumps, heat exchangers, valves, and oil-field equipment that go into the installation of the power plants. In addition to this, it has also built locomotives for Indian railways and drilling rigs for oil companies.
The CPSU turned profitable in FY22 after reporting losses in FY21 and FY20. After the quarter ending December 2022, its trailing twelve-month net profits stood at Rs 779 crore on sales of Rs 23,200 crore.
The stock of BHEL trades at a PE ratio of 32.5 highlighting the confidence of the investors in the future growth prospects of the government company.
Quick Read – Best Mid Cap Stocks Under Rs 50 – Analysis and Complete List
List of All Mid Cap Stocks Under Rs 100
The table below puts together the names of the stocks we covered above along with a few others.
| Sl No | Company | Industry | MCap(Cr) | Current Price (Rs) | PE Ratio TTM |
|---|---|---|---|---|---|
| 1 | Indian Overseas Bank | Bank - Public | ₹47,993.22 | ₹25.39 | 28.08 |
| 2 | Yes Bank Ltd. | Bank - Private | ₹46,180.60 | ₹16.06 | 62.76 |
| 3 | NHPC Ltd. | Power Generation, Distribution | ₹45,423.65 | ₹45.22 | 11.82 |
| 4 | Indian Railway Finance Corporation Ltd. | Finance Term Lending | ₹44,785.77 | ₹34.27 | 6.89 |
| 5 | IDFC First Bank Ltd. | Bank - Private | ₹42,216.91 | ₹63.78 | 16.99 |
| 6 | Bank Of India | Bank - Public | ₹35,430.19 | ₹86.34 | 11.38 |
| 7 | Steel Authority Of India Ltd. | Steel & Iron Products | ₹35,377.95 | ₹85.65 | 10.12 |
| 8 | UCO Bank | Bank - Public | ₹34,755.97 | ₹29.07 | 19.03 |
| 9 | Vodafone Idea Ltd. | Telecommunication - Service Provider | ₹34,124.46 | ₹7.01 | 0.00 |
| 10 | Bharat Heavy Electricals Ltd. | Engineering - Industrial Equipments | ₹29,949.23 | ₹86.01 | 38.45 |
| 11 | GMR Airports Infrastructure Ltd. | Engineering - Construction | ₹28,012.82 | ₹46.41 | 231.64 |
| 12 | Central Bank Of India | Bank - Public | ₹25,027.15 | ₹28.83 | 14.91 |
| 13 | L&T Finance Holdings Ltd. | Finance - NBFC | ₹23,777.95 | ₹95.88 | 14.65 |
| 14 | Punjab & Sind Bank | Bank - Public | ₹23,769.70 | ₹35.07 | 18.10 |
| 15 | Motherson Sumi Wiring India Ltd. | Steel & Iron Products | ₹23,330.19 | ₹52.77 | 59.07 |
| 16 | Bank Of Maharashtra | Bank - Public | ₹20,137.65 | ₹29.92 | 7.73 |
| 17 | IRB Infrastructure Developers Ltd. | Engineering - Construction | ₹17,193.03 | ₹28.53 | 22.54 |
In Conclusion
A common theme that has emerged from our study of the best mid cap stocks under Rs 100 is that they have either come out of the recovery or have growth plans in place. This helps to win the belief of the investors as the companies have a greater likelihood of higher profits in the coming quarters.
What are your favorite mid cap stocks? And why do you like them? How about you tell us about your favorite mid-cap picks in the comments below?
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