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These are the most widely held small-cap stocks by mutual funds
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6 min read | Updated on June 20, 2024, 06:45 IST
SUMMARY
Five small-cap stocks are famous among 27 mutual funds. These companies include Brigade Enterprises, Blue Star, Cyient, Multi Commodity Exchange of India and Krishna Institute of Medical Sciences. The stocks attract attention for their potential high returns, but investors should do due diligence before making investment decisions.
Popular small-cap companies - These are the most widely held small-cap stocks by mutual funds
The small-cap fund category of funds which is made up of 27 small-cap fund schemes causes investors to always be looking at their holding stocks hoping for good returns in a good time. There are 518 small-cap stocks bought collectively by all these funds. Out of them, one thing that is common with five stocks is that they are held by more than 15 of those funds.
The following are stocks on each of the funds commonly held by small capitalization companies
| Companies | Amount invested by Small Cap schemes (₹ crore) | No. of funds invested in the stock | Small Cap AUM invested in the stock (%) |
|---|---|---|---|
| Brigade Enterprises Ltd | 3,567.75 | 17 | 1.41 |
| Blue Star Ltd | 3,352.60 | 15 | 1.33 |
| Cyient Ltd | 2,311.27 | 15 | 0.91 |
| Multi Commodity Exchange of India Ltd | 2,083.89 | 15 | 0.82 |
| Krishna Institute of Medical Sciences Ltd | 1,971.95 | 15 | 0.78 |
| Data as of March 2024 |
Brigade Enterprises Ltd
Brigade Enterprises Ltd engages in property development, property management services, hospitality, and education.
Brigade Enterprises Ltd has a market cap of ₹31,473 crore. and is currently trading at ₹1,362 per share. Its stock P/E ratio is 78.5 and it has a book value of ₹158 per share. The dividend yield is 0.15%, with a return on capital employed (ROCE) of 12.6% and a return on equity (ROE) of 11.6%.
Over the past three years, sales have grown by 35.9% and profits by 150%. The debt-to-equity ratio is 1.50, with interest coverage of 2.16. Promoters hold 43.7% of the shares, with no pledges.
Number of Funds Invested: 17
Top 3 Schemes with Highest Allocation:
- Axis Small Cap Fund
- SBI Small Cap Fund
- Franklin India Smaller Cos Fund
Blue Star Ltd
Blue Star Ltd. engages in the manufacture, trade, and installation of air conditioning systems.
Blue Star Ltd has a market cap of ₹35,880 crore and a current stock price is ₹1,745, with a 52-week high of ₹1,798. The stock's P/E ratio is 86.6, and its book value is ₹127. The company offers a dividend yield of 0.39%, with a Return on Capital Employed (ROCE) of 25.4% and a Return on Equity (ROE) of 21.0%.
Over the past three years, sales have grown by 31.5%, and profits have varied by 77.2%. The company has a low debt-to-equity ratio of 0.09 and an interest coverage ratio of 10.6. Promoters hold 36.5% of the company’s shares, with no pledged shares.
Number of Funds Invested: 15
Top 3 Schemes with Highest Allocation:
- SBI Small Cap Fund
- Axis Small Cap Fund
- Kotak Small Cap Fund
Cyient Ltd
Cyient Ltd is engaged in the provision of software-enabled engineering and GIS services.
Cyient Ltd has a market cap of ₹21,339 crore and a current stock price of ₹1,924. Its stock P/E ratio is 29.3, and it offers a dividend yield of 1.59%. The company's return on capital employed (ROCE) is 21.9% and the return on equity (ROE) is 18.8%.
Over the past three years, sales have grown by 20% and profits by 26%. The company has a debt-to-equity ratio of 0.18 and an interest coverage ratio of 9.46. Promoters hold 23.2% of the shares, with no shares pledged.
Number of Funds Invested: 15
Top 3 Schemes with Highest Allocation:
- Kotak Small Cap Fund
- DSP Small Cap Fund
- Nippon India Small Cap Fund
Multi Commodity Exchange of India
Multi Commodity Exchange of India Ltd. engages in facilitating online trading, clearing, and settlement operations of commodity derivatives. It also offers trading in commodity derivative contracts across varied product segments including bullion, base metals, energy, and agricultural basket commodities.
The Multi Commodity Exchange of India Ltd has a market cap of ₹19,933 crore and a current stock price of ₹3,908. It has a high P/E ratio of 240 and a book value of ₹270. The dividend yield is low at 0.48%, and its ROCE and ROE are 7.15% and 5.82% respectively. The company has seen a 20.5% sales growth over the past three years, but its profits have varied negatively by 23.2% in the same period. The company is debt-free.
Number of Funds Invested: 15
Top 3 Schemes with Highest Allocation:
- Nippon India Small Cap Fund
- Canara Rob Small Cap Fund
- Axis Small Cap Fund
Krishna Institute of Medical Sciences
Krishna Institute of Medical Sciences Ltd. engages in the provision of medical and healthcare services.
Krishna Institute of Medical Sciences Ltd has a market cap of ₹16,278 crore and its current stock price is ₹2,034. The stock's price-to-earnings (P/E) ratio is 52.5, and its book value per share is ₹228. Its return on capital employed (ROCE) is 16.7%, and its return on equity (ROE) is 17.7%.
Over the past three years, sales have grown by 23.4% annually, while profits have varied by 15.4% per year. The industry's average P/E ratio is 45.8. The company has a debt-to-equity ratio of 0.74. Promoters hold 38.8% of the shares, with 16.1% of those shares pledged.
Number of Funds Invested: 15
Top 3 Schemes with Highest Allocation:
- SBI Small Cap Fund
- HDFC Small Cap Fund
- Axis Small Cap Fund
These five stocks are currently the most popular among small-cap funds, indicating a broad interest from multiple investment schemes. While these stocks are widely held, they are not investment recommendations. Potential investors should use this list as a starting point for their own research and consider their own risk tolerance and investment strategy before making any investment decisions.
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