Small-cap stocks have delivered outstanding performance in Q2, with several companies recording sharp increases in their net profits. These fast-growing firms are showing strong business momentum and improved profitability. In this article, we highlight five small-cap stocks that have reported remarkable profit growth, rising by up to 1,729 percent, reflecting their solid performance and growing potential in the market.
Here is the list of stocks to look out for
Vikram Solar Ltd
Vikram Solar Ltd. is a leading Indian solar energy company specializing in manufacturing high-efficiency solar PV modules and providing comprehensive Engineering, Procurement, and Construction (EPC) services. Its core activities include manufacturing solar modules using technologies like PERC, TOPCon, and HJT, and offering full EPC solutions from design to commissioning for solar projects worldwide.
With a market capitalization of Rs. 10,415.64 Crores on Friday, the shares of the company declined upto 4.3 percent, reaching a low of Rs. 287.00 compared to its previous close of Rs. 300.90.
Coming to financial highlights, Vikram Solar Ltd’s revenue has increased from Rs. 573 crore in Q2 FY25 to Rs. 1,110 crore in Q2 FY26, which has grown by 94 percent. The net profit has also grown by 1,728.5 percent from Rs. 7 crore in Q2 FY25 to Rs. 128 crore in Q2 FY26.
Stallion India Fluorochemicals Ltd
Stallion India Fluorochemicals Ltd is a Mumbai-based company founded in 2002 that manufactures and supplies a wide range of industrial and refrigerant gases, including Hydrofluorocarbons (HFCs) and Hydrofluoroolefins (HFOs). The company’s business includes debulking, blending, and processing these gases, as well as selling pre-filled cans and cylinders.
With a market capitalization of Rs. 1,563.50 Crores on Friday, the shares of the company declined upto 4.6 percent, reaching a low of Rs. 196.35 compared to its previous close of Rs. 206.65.
Coming to financial highlights, Stallion India Fluorochemicals Ltd’s revenue has increased from Rs. 68 crore in Q2 FY25 to Rs. 106 crore in Q2 FY26, which has grown by 56 percent. The net profit has also grown by 1,000 percent from Rs. 1 crore in Q2 FY25 to Rs. 11 crore in Q2 FY26.
Raymond Realty Ltd
Raymond Realty Ltd is a real estate development company that was demerged from Raymond Limited in 2025 to become an independent entity. The company, originally incorporated in 2019, focuses on developing residential and commercial projects, emphasizing quality, design, and amenities. Its strategic focus is on leveraging the Raymond Group’s legacy to become a customer-centric developer in the Indian real estate market.
With a market capitalization of Rs. 3,407.91 Crores on Friday, the shares of the company declined upto 2.5 percent, reaching a low of Rs. 502.65 compared to its previous close of Rs. 515.55.
Coming to financial highlights, Raymond Realty Ltd’s revenue has increased from Rs. 226 crore in Q2 FY25 to Rs. 696 crore in Q2 FY26, which has grown by 208 percent. The net profit has also grown by 1,100 percent from Rs. 5 crore in Q2 FY25 to Rs. 60 crore in Q2 FY26.
ASM Technologies Ltd
ASM Technologies Ltd is an Indian company founded in 1992 that provides engineering and product development services to a global clientele. Headquartered in Bengaluru, it has a global presence with offices in countries like the USA, Singapore, and the UK, and focuses on areas such as Engineering Services and Product R&D.
With a market capitalization of Rs. 5,241.42 Crores on Friday, the shares of the company jumped upto 1.1 percent, reaching a high of Rs. 3743.85 compared to its previous close of Rs. 3703.90.
Coming to financial highlights, ASM Technologies Ltd’s revenue has increased from Rs. 57 crore in Q2 FY25 to Rs. 154 crore in Q2 FY26, which has grown by 171 percent. The net profit has also grown by 850 percent from Rs. 2 crore in Q2 FY25 to Rs. 19 crore in Q2 FY26.
Tega Industries Ltd
Tega Industries Ltd. is a global company founded in 1976 that designs and manufactures “critical-to-operate” consumables for the mining, mineral processing, and material handling industries. Headquartered in Kolkata, India, the company is the second-largest producer of polymer-based mill liners globally by revenue and operates in many countries.
With a market capitalization of Rs. 12,643.41 Crores on Friday, the shares of the company jumped upto 0.25 percent, reaching a high of Rs. 1926.05 compared to its previous close of Rs. 1921.75.
Coming to financial highlights, Tega Industries Ltd’s revenue has increased from Rs. 353 crore in Q2 FY25 to Rs. 405 crore in Q2 FY26, which has grown by 4.74 percent. The net profit has also grown by 543 percent from Rs. 7 crore in Q2 FY25 to Rs. 45 crore in Q2 FY26.
Written by Sridhar J
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