List of 10 Top Smallcap Stocks in India on NSE

Investing in smallcap stocks can provide huge returns to investors but comes with a higher level of risk. Smallcap companies in India are usually in their growth stage and tend to provide higher returns as their operations scale up. However, high volatility and sensitivity to market conditions make them risky. 

This blog will take you through the best 10 smallcap stocks currently listed on the NSE in India, as well as their advantages, risks and future potential.

What are the Top 10 Small Cap Stocks in India?

Small cap stocks are the stocks of companies with a market capitalization of ₹5,000 crores or less. According to SEBI, a company can also be classified as a small cap if it is ranked 251^st or lower in the Indian stock market based on market capitalization. The stocks mentioned in this blog are the top 10 constituents of the Nifty Smallcap 100 index.

Below are the best smallcap stocks that can offer enormous upside potential considering their market performance, industry standing, and growth opportunities:

Company	Sector	Brief Summary
Multi Commodity Exchange of India Ltd. (MCX)	Financial Services	MCX is the largest commodity exchange in India and offers trading in a wide range of commodities.
Central Depository Services (India) Ltd. (CDSL)	Financial Services	CDSL is a depository services provider for securities and has maintained steady growth as retail participation is increasing.
Crompton Greaves Consumer Electricals Ltd.	Consumer Goods	Crompton is the market leader in consumer electrical goods in India, including fans, lighting, and appliances.
Blue Star Ltd.	Electrical & Electronics	Blue Star is a market leader in the air conditioning and refrigeration market and offers energy-efficient solutions.
Computer Age Management Services Ltd. (CAMS)	Financial Services	CAMS is a mutual fund transfer agency and one of the prominent companies in the wealth management business.
Glenmark Pharmaceuticals Ltd.	Pharmaceuticals	Glenmark is a pharmaceutical company renowned for its expertise in generics and biotechnology.
Laurus Labs Ltd.	Pharmaceuticals	Laurus Labs mainly focuses on manufacturing active pharmaceutical ingredients or APIs, as well as R&D.
National Aluminium Co. Ltd. (NALCO)	Metals & Mining	NALCO is one of the leaders in India’s aluminium production and mining industry, and it has excellent export operations.
360 ONE WAM Ltd.	Wealth Management	360 ONE WAM is a wealth management company offering advisory, portfolio management, and mutual fund services.
Radico Khaitan Ltd.	Alcoholic Beverages	Radico Khaitan is one of India’s largest producers of alcoholic beverages and is the owner of premium brands.

Market Information of Top 10 Smallcap Stocks

The table shows the current market data for each smallcap company, including their market price, market capitalization, and 52-week high/low.

Company	Current Market Price (₹)	Market Capitalization (₹ Cr.)	52 Week High (₹)	52 Week Low (₹)
MCX Ltd.	7,628	38,884	9,115	4,408
CDSL Ltd.	1,544	32,270	1,990	1,047
Crompton Greaves Consumer Electricals Ltd.	314	20,185	456	301
Blue Star Ltd.	1,915	39,366	2,420	1,521
Computer Age Management Services Ltd.	3,860	19,106	5,368	3,030
Glenmark Pharmaceuticals Ltd.	2,071	58,444	2,286	1,275
Laurus Labs Ltd.	895	48,331	923	423
NALCO Ltd.	217	39,772	263	138
360 ONE WAM Ltd.	1,087	44,000	1,318	766
Radico Khaitan Ltd.	3,005	40,227	3,019	1,846

Overview of Top 10 Smallcap Stocks List

An overview of the top 10 smallcap stocks in India is given below:

1. Multi Commodity Exchange of India Ltd. (MCX)

MCX, established in 2003, is India’s leading commodity derivatives exchange, and it operates under the aegis of SEBI. It offers trading in bullion, industrial metals, energy products, and agricultural products. The company’s headquarters is in Mumbai.

MCX facilitates effective price discovery and risk management through its advanced trading platform and its subsidiary, MCXCCL, which takes care of trade clearing and risk management. Being ISO-certified and being a partner with the likes of the Chicago Mercantile Exchange Group and London Metal Exchange globally, MCX drives innovation in commodity markets in India.

Key Features

• MCX has 544 registered members and 35,096 Authorized Persons across India.

• Multi Commodity Exchange Clearing Corporation Ltd. (MCXCCL) is a subsidiary of MCX and looks after the settlement of trades, collateral management and risk management services.

• It offers an index series on base metal, bullion, and energy, along with eight single commodity indices.

Know the Returns:

1Y Return (%)	3Y Return (%)	5Y Return (%)
43.22%	493.39%	493.39%

2. Central Depository Services (India) Ltd. (CDSL)

Central Depository Services (India) Ltd. (CDSL), established in 1999, is one of India’s leading depositories devoted to providing Convenient, Dependable, and Secure depository services. During its twenty years of existence, CDSL has spearheaded dematerialization across various asset classes and brought seamless e-services in line with its purpose of offering affordable solutions.

CDSL forms an integral part of the Indian capital market ecosystem, serving exchanges, clearing corporations, depository participants (DPs), issuers, and investors. As a depository, it provides for dematerialized holding of securities and provides for secure securities transactions.

Key Features

• Active investor accounts: More than 14.32 crores

• Dematerialized Securities: 27,442 equities, 47,080 debt instruments, and 14,604 mutual fund units.

• Depository Participants: 574 participants with LIVE connectivity across 212 branches, 109 cities, and 317 locations.

• Demat Custody: 7.62 lakh million securities worth ₹7,45,50,609 million.

CDSL continues to be the backbone of India’s financial markets, providing efficient and transparent depository services.

Know the Returns:

1Y Return (%)	3Y Return (%)	5Y Return (%)
11.06%	128.78%	532.45%

3. Crompton Greaves Consumer Electricals Ltd

Crompton Greaves was established way back in 1937, and today, it is a key market player in the consumer durables and lighting sector in India. With more than 3,000 employees and a strong network of more than 3,00,000 retailers, the company effectively delivers its products to more than ten crore households.

Key Features

• Innovation: The company has an innovation centre of more than 50,000 sq. ft., developing innovative solutions in IoT, energy efficiency, and customer-centric designs.

• Sustainability: Supporting the UN Sustainable Development Goals, the company focuses on renewable energy, conservation of water, and recycling of waste, thereby achieving many ESG milestones.

• Partnership: Butterfly Gandhimathi Appliances is a subsidiary of Crompton Greaves and a key manufacturer of kitchen appliances.

Crompton continues to redefine consumer experiences with excellence, innovation, and sustainability.

Know the Returns:

1Y Return (%)	3Y Return (%)	5Y Return (%)
-30.57%	-22.17%	12.82%

4. Blue Star Ltd.

Blue Star Ltd. is India’s leading HVAC&R company, which was established in 1943. HVAC&R stands for Heating, Ventilation, Air conditioning, and Commercial Refrigeration. The company operates through a network of 30 offices and 7 modern manufacturing facilities supported by 5,500 channel partners. The product portfolio includes room air conditioners, commercial refrigeration, water purifiers, and air purifiers, among others, and the emphasis is on energy efficiency and eco-friendly solutions. Blue Star has an integrated business model of manufacturing, contracting, and after-sales services and thus has become the major company in India.

Key Features

• Product Range: Room air conditioners, commercial refrigeration, water purifiers, and air purifiers.

• Integrated Business Model: It includes manufacturing, contracting, and after-sales services.

• Extensive Network Distribution: Operates through 30 offices and 7 manufacturing facilities in India, supported by 5,500 channel partners and 5,000 delivery partners.

• Innovation and Sustainability: Energy-efficient and environmentally-friendly products.

Know the Returns:

1Y Return (%)	3Y Return (%)	5Y Return (%)
1.99%	239.30%	450.95%

5. Computer Age Management Services Ltd. (CAMS)

CAMS has been a technology-driven financial infrastructure and services provider to Mutual Funds and other financial institutions in India for more than 30 years. The company is the market leader in Registrar and Transfer Agency, managing about 68% of the average assets under management. It provides technology-enabled solutions through online platforms and mobile applications across India.

Key Features:

• The market-leading Registrar and Transfer Agency for Mutual Funds.

• The technological service solutions for Mutual Funds and the Insurance sectors.

• Utilizes proprietary platforms, data centres and Robot Process Automation (RPA) technologies.

• The company has 6 back offices and 280 customer service centres.

Know the Returns:

1Y Return (%)	3Y Return (%)	5Y Return (%)
-12.57%	48.77%	172.41%

6. Glenmark Pharmaceuticals Ltd.

Glenmark Pharmaceuticals Limited is a research-driven global pharmaceutical company with operations in the branded, generic, and over-the-counter segments. It focuses on the therapeutic areas of Respiratory, Dermatology, and Oncology. The company has four state-of-the-art R&D centers and ten manufacturing facilities spread across five continents. The company sells its products in over eighty countries.

Key Features

• Presence in 80+ countries with high revenue from international markets.

• 4 R&D centers are committed to developing new drugs and specialty products.

• Manufacturing facilities across continents.

• Ichnos Sciences, a subsidiary of the company, has formed ‘Ichnos Glenmark Innovation’, which focuses on research in oncology and immunology.

Know the Returns:

1Y Return (%)	3Y Return (%)	5Y Return (%)
17.21%	427.81%	318.93%

7. Laurus Labs Ltd.

Laurus Labs is a research-driven pharmaceutical manufacturing organization that started its operations in 2005 and specializes in Active Pharmaceutical Ingredients (APIs) and Intermediates. This organization operates on a global level with expertise in anti-retroviral (ARV), oncology, cardiovascular, and gastro therapeutics. Laurus Labs is a well-reputed contract development and manufacturing organization (CDMO) that deals with generics and proprietary segments.

Key Features:

• Founded in 2005 in the APIs and Intermediates segments.

• World-class products in ARV, Oncology, Cardiovascular and Gastrotherapeutics.

• 15 manufacturing sites and 5 R&D Centers, with 36% of the employees engaged in the R&D and Quality department.

• 223 patents approved.

Know the Returns:

1Y Return (%)	3Y Return (%)	5Y Return (%)
74.93%	69.12%	231.91%

8. National Aluminium Company Ltd. (NALCO)

Established in 1981, the National Aluminium Company Limited (NALCO) is ‘Navratna’ CPSE based in Odisha. It is one of the largest companies in India, operating in the bauxite, alumina, and aluminium industries. The Indian government owns 51.28% of the company. The company has mining, smelting and refining operations in Damanjodi and Angul. NALCO is the lowest-cost producer of Bauxite and Alumina globally. The company has established wind power plants and rooftop solar power plants as a part of its green initiatives.

Key Features:

• Operation: Panchpatmali mines, Damanjodi alumina refinery, an aluminium smelter with a captive power plant at Angul.

• Expansion Plan: This includes setting up new bauxite mines, one more alumina refinery, and a coal mining operation.

• Corporate Social Responsibility: Engaged in widespread community development and environmental initiatives.

• International Presence: The first Indian public sector company that entered the international metal market by getting registered on the London Metal Exchange.

• Sustainability: Emphasis on green energy with wind and solar projects, ISO certifications for quality, environmental management, and information security.

Know the Returns:

1Y Return (%)	3Y Return (%)	5Y Return (%)
17.94%	172.95%	534.23%

9. 360 ONE WAM Ltd.

360 ONE Wealth Management Ltd. is one of India’s leading asset and wealth management companies, with an AUM of about $68 billion. Since its inception, the company has been firm in its commitment to delivering world-class client-centric services by encouraging entrepreneurial innovation and a high-performance culture. Their inclusive approach blends deep financial expertise with a strong ethical foundation, creating value that lasts for clients, stakeholders, and society.

Key Features:

• Client-Centric Approach: Focus on understanding and exceeding client expectations.

• Entrepreneurial Culture: Innovative, agile, and outcome-oriented operations.

• Rigorous & Risk-Conscious: Analytical decision-making with robust governance mechanisms.

• Recognition: Multiple accolades for excellence in wealth management and client service​.

Know the Returns:

1Y Return (%)	3Y Return (%)	5Y Return (%)
-1.78%	155.42%	339.40%

10. Radico Khaitan Ltd.

Radico Khaitan Limited (RKL) is among India’s biggest manufacturers of Indian-Made foreign liquor or IMFL, which was established way back in 1943. The company was previously known as Rampur Distillery and currently has two distilleries. The company has an attractive brand portfolio, including millionaire brands such as 8PM Whisky and Magic Moments Vodka. The company has operations in more than 85 countries.

Key Features:

• Established in 1943, it has now become a leading IMFL manufacturer.

• Strong portfolio of brands with more than 15 brands, including 4 millionaire brands.

• Market presence in more than 85 countries.

• Has two distilleries and 28 bottling units across India.

• Featured in major publications as one of India’s top 500 companies, including Fortune 500.

Know the Returns:

1Y Return (%)	3Y Return (%)	5Y Return (%)
45.42%	172.37%	570.11%

Key Performance Indicators (KPIs)

Company	Net Profit Margin (%)	ROCE (%)	Current Ratio	Debt to Equity Ratio
MCX	12.38	4.66	1.22	0.00
CDSL	51.78	36.14	3.33	0.00
Crompton Greaves Consumer Electricals Ltd.	6.04	16.23	1.31	0.20
Blue Star Ltd.	4.27	22.44	1.30	0.06
CAMS	30.88	42.86	3.25	0.00
Glenmark Pharmaceuticals Ltd.	-12.13	17.01	1.28	0.13
Laurus Labs Ltd.	3.33	7.94	1.23	0.61
NALCO	15.66	14.78	1.93	0.00
360 ONE WAM Ltd.	32.07	45.77	1.19	2.75
Radico Khaitan	6.20	13.91	1.72	0.30

Advantages of Investing in Smallcap Stocks

The advantages of investing in the Top 10 smallcap stocks are:

• Higher Growth Prospects: Smallcap stocks normally hold better growth prospects as they are still in the growth stage.

• Diversification: In a portfolio, investing in smallcap stocks can provide diversification benefits.

• Innovation and Leadership in Markets: Several companies mentioned above are a key player in their respective sectors and develop innovative products.

Risks of Investment in the Smallcap Stocks

The risks of investing in the top 10 smallcap stocks are:

• Price Volatility: Small cap stocks often show high price volatility, which can result in losses in the short term.

• Risk of Liquidity: Such stock may face liquidity issues, and investors may find it difficult to purchase and sell shares.

• Market Sentiment: Small cap stocks are more susceptible to market sentiments, more so during economic recessions.

Future of Top 10 Smallcap Stocks in India

The Indian economy is growing well, and so are these smallcap companies. They will benefit from all the favorable economic policies, increased consumption, and growth in the middle class. Long-term prospects for Blue Star Ltd., MCX, and Radico Khaitan are great as the demand for electrical goods, commodities, and premium beverages is increasing rapidly.

Conclusion

Best small cap stocks offer a good investment opportunity but have a higher level of risk. By concentrating on companies with strong fundamentals, investors can reduce the level of risk and enjoy the enormous growth potential of smallcap stocks. Research the companies thoroughly and know the level of risk before investing in smallcap stocks. You should consult with an investment advisor before investing.