In FY25, six small-cap companies made more money in revenue than their total market value. This shows they are doing well and could mean their stocks are priced lower than what the companies are really worth.
Here are a few small-cap stocks in which revenue is more than their market capitalization
TVS Holdings Limited
With a market capitalization of Rs. 22,255.29 crore, the shares of TVS Holdings Limited closed at Rs. 11,000 per equity share, up nearly 4.45 percent from its previous day’s close price of Rs. 10,531.10.
TVS Holdings Limited reported revenue of Rs. 44,993 crore in FY25, which is over 2.02 times its market capitalization of Rs. 22,255.29 crore, highlighting strong business performance relative to valuation.
TVS Holdings Limited was established in 1962 in Chennai and is one of India’s largest automotive components manufacturers, producing aluminium and magnesium castings for the automotive industry, and also acts as a holding company for TVS Motor Company
Gokul Agro Resources Limited
With a market capitalization of Rs. 4,245.56 crore, the shares of Gokul Agro Resources Limited closed at Rs. 287.75 per equity share, down nearly 1.42 percent from its previous day’s close price of Rs. 291.90.
Gokul Agro Resources Limited reported revenue of Rs. 19,551 crore in FY25, which is over 4.61 times its market capitalization of Rs. 4,245.56 crore, highlighting strong business performance relative to valuation.
Gokul Agro Resources Limited was established in 2014 and is a leading Indian FMCG company engaged in the production, distribution, and export of edible and non-edible oils, specialty fats, and feed meals, serving both domestic and international markets.
Team Lease Services Limited
With a market capitalization of Rs. 3,277.57 crore, the shares of Team Lease Services Limited closed at Rs. 1,954.55 per equity share, down nearly 1.65 percent from its previous day’s close price of Rs. 1,987.30.
Team Lease Services Limited reported revenue of Rs. 11,156 crore in FY25, which is over 3.40 times its market capitalization of Rs. 3,277.57 crore, highlighting strong business performance relative to valuation.
TeamLease Services Limited was established in 2000 and is one of India’s leading human resource companies, providing staffing, recruitment, payroll, training, and regulatory compliance services across industries, aiming to “Put India to Work” with a pan-India presence. It operates through multiple offices and serves over 3,500 clients with a workforce of lakhs of associates.
HMA Agro Industries Limited
With a market capitalization of Rs. 1,640.02 crore, the shares of HMA Agro Industries Limited closed at Rs. 32.75 per equity share, up nearly 0.92 percent from its previous day’s close price of Rs. 32.45.
HMA Agro Industries Limited reported revenue of Rs. 5,133 crore in FY25, which is over 3.13 times its market capitalization of Rs. 1,640.02 crore, highlighting strong business performance relative to valuation.
HMA Agro Industries Limited was established in 2008 and is one of India’s largest exporters of frozen buffalo meat and other agro products, including frozen fruits, vegetables, and cereals, supplying its branded products to over 40 countries worldwide.
J Kumar Infraprojects Limited
With a market capitalization of Rs. 5,373.76 crore, the shares of J Kumar Infraprojects Limited closed at Rs. 710.20 per equity share, up nearly 1.11 percent from its previous day’s close price of Rs. 702.40.
J Kumar Infraprojects Limited reported revenue of Rs. 5,693 crore in FY25, which is over 1.06 times its market capitalization of Rs. 5,373.76 crore, highlighting strong business performance relative to valuation
J Kumar Infraprojects Limited was established in 1980 and is a leading Indian construction company specializing in complex infrastructure projects like metro rail systems, roads, flyovers, bridges, tunnels, and irrigation works for government and urban development bodies.
BCL Industries Limited
With a market capitalization of Rs. 1,220.80 crore, the shares of BCL Industries Limited closed at Rs. 41.36 per equity share, up nearly 2.10 percent from its previous day’s close price of Rs. 40.51.
BCL Industries Limited reported revenue of Rs. 2,815 crore in FY25, which is over 2.31 times its market capitalization of Rs. 1,220.80 crore, highlighting strong business performance relative to valuation.
BCL Industries Limited was established in 1976 and is one of India’s largest agro-processing companies with diversified businesses in edible oils, rice milling, grain-based distillery, and real estate development, serving domestic and South Asian markets with strong vertical integration and innovation.
Written By – Nikhil Naik
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