Best Small Cap IT companies in India

small cap IT companies in india

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.

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%
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List of Small Cap IT Stocks in India

Company NameCompany SizeSymbol
Affle (India) Ltd.Small CapAFFLE
Birlasoft Ltd.Small CapBSOFT
C.E. Info Systems Ltd.Small CapMAPMYINDIA
Cyient Ltd.Small CapCYIENT
Happiest Minds Technologies Ltd.Small CapHAPPSTMNDS
Intellect Design Arena Ltd.Small CapINTELLECT
Latent View Analytics Ltd.Small CapLATENTVIEW
Mastek Ltd.Small CapMASTEK
Sonata Software Ltd.Small CapSONATSOFTW
Tanla Platforms Ltd.Small CapTANLA
Zensar Technolgies Ltd.Small CapZENSARTECH
Accelya Solutions India Ltd.Micro CapACCELYA
Brightcom Group Ltd.Micro CapBCG
Cigniti Technologies Ltd.Micro CapCIGNITITEC
Datamatics Global Services Ltd.Micro CapDATAMATICS
Netweb Technologies India Ltd.Micro CapNETWEB
Newgen Software Technologies Ltd.Micro CapNEWGEN
Nucleus Software Exports Ltd.Micro CapNUCLEUS
Rategain Travel Technologies Ltd.Micro CapRATEGAIN
eMudhra Ltd.Micro CapEMUDHRA
Coforge Ltd.MidcapCOFORGE
KPIT Technologies Ltd.MidcapKPITTECH
L&T Technology Services Ltd.MidcapLTTS
MphasiS Ltd.MidcapMPHASIS
Oracle Financial Services Software Ltd.MidcapOFSS
Persistent Systems Ltd.MidcapPERSISTENT
Tata Elxsi Ltd.MidcapTATAELXSI
Tata Technologies Ltd.MidcapTATATECH

Also Read


Best Small Cap IT Companies in India

Stock NameSymbolCompany Size
Tanla Solutions LimitedTANLASmall Cap
Mastek LimitedMASTEKSmall Cap
Cigniti Technologies LimitedCIGNITITECMicro Cap
Tata Elxsi LimitedTATAELXSIMidcap
Persistent Systems LimitedPERSISTENTMidcap
Accelya Kale Solutions LimitedACCELYAMicro Cap
Oracle Financial Services Software LimitedOFSSMidcap
L&t Technology Services LimitedLTTSMidcap
Mphasis LimitedMPHASISMidcap
Sonata Software LimitedSONATSOFTWSmall Cap
Coforge (Niit Tech)COFORGEMidcap
Brightcom Group LtdBCGMicro 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.

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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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