Synopsis:
Three micro-cap stocks under ₹10 are showing strong fundamentals and good growth potential. With steady financial performance and healthy returns, they look like interesting options for investors to watch.
For investors looking to explore value opportunities in the micro-cap space, there are several stocks trading below ₹10 that show strong fundamentals. These companies offer solid financial performance, consistent earnings, and growth potential, making them worth keeping on your watchlist for potential long-term gains.
The following are the three fundamentally strong stocks under Rs. 10
1. Spright Agro Ltd
Spright Agro Limited, formerly Tine Agro Limited, is an Ahmedabad-based company incorporated in 1994 that trades, exports, and imports agricultural products in India. It manages business risks through forward booking, inventory control, and vendor development to ensure stability and returns.
Spright Agro Ltd has a market value of Rs. 126.44 crore and closed at Rs. 1.18 on Friday, down by 4.84 percent from its previous day close price of Rs. 1.24 per equity share.
At the moment, the company’s P/E ratio is 5.43x lower as compared to its industry P/E 38.1x. The company’s ROE and ROCE are 20 percent and 21 percent respectively, indicating the company’s financial performance.
Spright Agro Limited reported a revenue of Rs. 62.03 cr in Q1FY26, up 17.3 percent YoY from Rs. 52.88 cr in Q1FY25 and significantly higher than Rs. 3.06 cr in Q4FY25. Profit for the quarter rose to Rs. 9.15 cr, compared with Rs. 6.25 cr in Q1FY25 and a loss of Rs. 0.71 cr in Q4FY25, reflecting strong quarter-on-quarter and year-on-year growth. The company’s sales CAGR over the last three years has been 145 percent, its profit CAGR has been 1151 percent, and its price CAGR has been 59 percent.
2. Veeram Securities Ltd
Veeram Securities Limited, formerly Veeram Ornaments Limited, is an Ahmedabad-based company incorporated in 2011 that trades and retails branded jewelry, including rings, bracelets, necklaces, earrings, bangles, and gold and silver chains, bars, and necklaces sourced from bullion and local markets. The company focuses on expanding its domestic market share through targeted marketing and advertising strategies.
Veeram Securities Ltd has a market value of Rs. 61.27 crore and closed at Rs. 8.10 on Friday, up by 0.12 percent from its previous day close price of Rs. 8.09 per equity share.
At the moment, the company’s P/E ratio is 16.5x lower as compared to its industry P/E 28.8x. The company’s ROE and ROCE are 14.4 percent and 19 percent respectively, indicating the company’s financial performance.
Veeram Securities Limited posted revenue of Rs. 5.28 cr in Q1FY26, down 35.4 percent YoY from Rs. 8.17 cr and 19.4 percent QoQ from Rs. 6.55 cr, while profit rose to Rs. 1.41 cr, up 39.6 percent YoY from Rs. 1.01 cr and 45.4 percent QoQ from Rs. 0.97 cr, indicating margin improvement despite lower revenues.
The company’s sales CAGR over the last five years has been 6 percent, its profit CAGR has been 26 percent, and its price CAGR has been 7 percent.
3. Ultracab (India) Ltd
Ultracab (India) Limited, incorporated in 2007 and headquartered in Navi Mumbai, manufactures and sells a wide range of wires and cables, including PVC/XLPE power and control cables, house and building wires, submersible and solar cables, telephone and instrumentation cables, and specialized products like elevator and braided cables. The company serves both corporate and government clients in India and exports to markets such as the UK, UAE, Africa, and Singapore.
Ultracab (India) Ltd has a market value of Rs. 115.58 crore and closed at Rs. 9.40 on Friday, down by 0.63 percent from its previous day close price of Rs. 9.46 per equity share.
At the moment, the company’s P/E ratio is 12.8x lower as compared to its industry P/E 28.4x. The company’s ROE and ROCE are 15.6 percent and 17.4 percent respectively, and debt to equity ratio of 0.39, indicating the company’s financial performance.
Ultracab (India) Ltd reported revenue of Rs. 60.13 cr in Q1FY26, up 12 percent YoY from Rs. 53.69 cr but down 17.6 percent QoQ from Rs. 72.95 cr. Profit came in at Rs. 1.70 cr, declining 20.2 percent YoY from Rs. 2.13 cr and 28.9 percent QoQ from Rs. 2.39 cr, indicating pressure on margins despite yearly revenue growth. The company’s sales CAGR over the last five years has been 29 percent, its profit CAGR has been 56 percent, and its price CAGR has been 2 percent.
Written by Akshay Sanghavi
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