Small cap IT companies in India
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Global IT services market size is expected to reach US$ 1.6 trillion by 2030 at a CAGR of over 9.5% from 2024. Companies expose to global economy will do better. Domestic IT services market is also doing well with increased focus on Artificial intelligence products, cloud services, and increasing demand for smart products such as smart home, etc.
Now the question is whether all the small cap IT companies will grow equally. My view is no, in current scenario, the small cap IT companies with strong earning growth or growth potential will give strong return. Let us see the best small cap IT companies in India to invest as below.
Table of Contents
Small Cap IT companies in India
In this article, we have considered the companies which are part of the Nifty Microcap 250 Index. We have finalized the below nifty microcap stocks based on certain criteria as below.
We have considered the below criteria to finalize the microcap stocks to buy.
- ROCE > 15%
- Yearly PE < EPS
- Debt to Equity ratio < 1
- This yearly gross sales > Last year gross sales
- Yearly PE ratio < Quarterly EPS after extraordinary items diluted
- Yearly Return on Net worth percentage > 20%
| Articles Related to Nifty Microcap 250 Index |
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List of Small Cap IT Stocks in India
| Company Name | Company Size | Symbol |
|---|---|---|
| Affle (India) Ltd. | Small Cap | AFFLE |
| Birlasoft Ltd. | Small Cap | BSOFT |
| C.E. Info Systems Ltd. | Small Cap | MAPMYINDIA |
| Cyient Ltd. | Small Cap | CYIENT |
| Happiest Minds Technologies Ltd. | Small Cap | HAPPSTMNDS |
| Intellect Design Arena Ltd. | Small Cap | INTELLECT |
| Latent View Analytics Ltd. | Small Cap | LATENTVIEW |
| Mastek Ltd. | Small Cap | MASTEK |
| Sonata Software Ltd. | Small Cap | SONATSOFTW |
| Tanla Platforms Ltd. | Small Cap | TANLA |
| Zensar Technolgies Ltd. | Small Cap | ZENSARTECH |
| Accelya Solutions India Ltd. | Micro Cap | ACCELYA |
| Brightcom Group Ltd. | Micro Cap | BCG |
| Cigniti Technologies Ltd. | Micro Cap | CIGNITITEC |
| Datamatics Global Services Ltd. | Micro Cap | DATAMATICS |
| Netweb Technologies India Ltd. | Micro Cap | NETWEB |
| Newgen Software Technologies Ltd. | Micro Cap | NEWGEN |
| Nucleus Software Exports Ltd. | Micro Cap | NUCLEUS |
| Rategain Travel Technologies Ltd. | Micro Cap | RATEGAIN |
| eMudhra Ltd. | Micro Cap | EMUDHRA |
| Coforge Ltd. | Midcap | COFORGE |
| KPIT Technologies Ltd. | Midcap | KPITTECH |
| L&T Technology Services Ltd. | Midcap | LTTS |
| MphasiS Ltd. | Midcap | MPHASIS |
| Oracle Financial Services Software Ltd. | Midcap | OFSS |
| Persistent Systems Ltd. | Midcap | PERSISTENT |
| Tata Elxsi Ltd. | Midcap | TATAELXSI |
| Tata Technologies Ltd. | Midcap | TATATECH |
Also Read
Best Small Cap IT Companies in India
| Stock Name | Symbol | Company Size |
|---|---|---|
| Tanla Solutions Limited | TANLA | Small Cap |
| Mastek Limited | MASTEK | Small Cap |
| Cigniti Technologies Limited | CIGNITITEC | Micro Cap |
| Tata Elxsi Limited | TATAELXSI | Midcap |
| Persistent Systems Limited | PERSISTENT | Midcap |
| Accelya Kale Solutions Limited | ACCELYA | Micro Cap |
| Oracle Financial Services Software Limited | OFSS | Midcap |
| L&t Technology Services Limited | LTTS | Midcap |
| Mphasis Limited | MPHASIS | Midcap |
| Sonata Software Limited | SONATSOFTW | Small Cap |
| Coforge (Niit Tech) | COFORGE | Midcap |
| Brightcom Group Ltd | BCG | Micro Cap |
Final Words
While investing in Small cap IT stocks are challenging, with proper research investors can often get hidden gems and can have stronger returns and portfolio diversification. In the long term these small cap IT stocks can be a great wealth creator for Investors.
Frequently Asked Questions
Best Small Cap IT companies in India
Small cap IT companies are with market capitalization between the range of INR 1000 to INR 1500 crore. We provided a list of best small cap IT companies based on certain criteria. The criteria is mentioned in the article.
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