Best Mid Cap Stocks Under Rs 50 – In the past few years, mid-cap stocks have outperformed both, i.e., large-cap stocks and small-cap stocks, and due to this advantageous position in the stock market, where it can exploit the best of both ends which is ‘risk moderation and substantial returns’, that category of stocks have become a favorite of seasoned investors.
There are 150 odd companies included in the ‘Mid-Cap’ category, according to the recent AMFI classification, having a market capitalization between Rs 16,800 – 48,900 crores.
Herein this article, we will have a quick glance at the best Mid cap stocks in India under Rs 50. The primary factor for the selection of stocks has been the market cap of the companies and 1-year returns they provide. Let’s have a look at them one by one.
Table of Contents
Here are the Best Mid Cap Stocks Under Rs 50 in India 2023
Best Mid Cap Stocks Under Rs 50 #1 – Indian Overseas Bank
| CMP | ₹22.65 | Market Cap (Cr.) | ₹43,305.43 |
| EPS | 0.9 | Stock P/E | 25.32 |
| RoCE | 8.41% | RoE | 9.78% |
| Book Value | ₹12.2 | CASA Ratio | 43.43% |
| GNPA | 9.82% | NNPA | 2.65% |
| Promoter Holding | 96.38% | Capital Adequacy | 13.83% |
One of India’s largest state-controlled banks, Indian Overseas Bank (IOB) is involved in the business of providing banking and financial services throughout the country. The bank was established with the main focus on foreign exchange and overseas banking.
It also provides deposit, lending, mortgage, currency transfer, agri-business consultation, and credit card services. The bank has specialized branches which offer services related to concerns such as commercial and industrial credit, industrial finance, and high-tech agriculture. It has a market cap of Rs 43,305.43 crores
Having a quick glance at the financials, the net profits of the company increased from Rs 758 crores in FY20-21 to Rs 1,709 crores in FY21-22.
The gross and net NPA figures have reduced on a YoY basis with the gross NPA ratio reducing from 11.69 percent in FY20-21 to 9.82 percent in FY21-22 and the net NPA ratio going down from 3.58 percent in FY20-21 to 2.65 percent in FY21-22. The CASA ratio improved from 42.51 percent in FY20-21 to 43.43 percent in FY21-22.
Best Mid Cap Stocks Under Rs 50 #2 – IRFC
| CMP | ₹27.55 | Market Cap (Cr.) | ₹35,899.19 |
| EPS | 4.98 | Stock P/E | 5.52 |
| RoCE | 5.12% | RoE | 15.84% |
| Promoter Holding | 86.36% | Book Value | ₹33.3 |
| RoA | 1.47% | Price to Book Value | 0.81 |
| Net Profit Margin | 30% | Operating Profit Margin | 99.33% |
Indian Railway Finance Corporation Ltd (IRFC) is engaged in borrowing funds from the financial markets to finance acquisitions/creation of assets which are then leased out to the Indian Railways or any entity under the Ministry of Railways. The sole operating segment of the company is Leasing and Finance. It has a market cap of Rs 35,899.19 crores
Going through the numbers reported pertaining to the revenues and net profits, it has gone up on a YoY basis with revenues moving from Rs 15,770 crores in FY20-21 to Rs 20,299 crores in FY21-22. Moreover, the net profit figures of the company increased from Rs 4,416 crores in FY20-21 to Rs 6,090 crores in FY21-22.
The profitability ratios have supported the upward movement shown above. The ROE and ROCE figures increased with ROE shifting from 13.34 percent in FY20-21 to 15.84 percent in FY21-22 and ROCE slightly moving up from 5.02 percent in FY20-21 to 5.12 percent in FY21-22. The net profit margins have consistently increased over the past five financial years with the most recent shift being from 28 percent in FY20-21 to 30 percent in FY21-22.
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Best Mid Cap Stocks Under Rs 50 #3 – UCO Bank
| CMP | ₹24.9 | Market Cap (Cr.) | ₹30,463.78 |
| EPS | 1.32 | Stock P/E | 19.24 |
| RoCE | 5.77% | RoE | 4.90% |
| Book Value | ₹19.7 | CASA Ratio | 39.42% |
| GNPA | 7.89% | NNPA | 2.70% |
| Promoter Holding | 95.39% | Capital Adequacy | 13.74% |
UCO Bank, headquartered in Kolkata, India, is a banking institution that operates as an undertaking of the Government of India. It provides finance to industries and commercial banking services which comprises personal banking, corporate banking, international banking, and rural banking services to its customers. It has a market cap of Rs 30,463.78 crores.
The bank is administered and managed by the board of directors which includes government representatives from the Indian Government and the Reserve Bank of India (RBI).
Digging into the financials of the company, the net profits have increased from Rs 167 crores in FY20-21 to Rs 930 crores in FY21-22.
The gross as well as net NPA figures have reduced on a YoY basis with the gross NPA ratio reducing from 9.59 percent in FY20-21 to 7.89 percent in FY21-22 and the net NPA ratio going down from 3.94 percent in FY20-21 to 2.70 percent in FY21-22. The CASA ratio has also improved from 39.16 percent in FY20-21 to 39.42 percent in FY21-22.
Best Mid Cap Stocks Under Rs 50 #4 – Central Bank of India
| CMP | ₹24.5 | Market Cap (Cr.) | ₹21,554.77 |
| EPS | 1.65 | Stock P/E | 15.07 |
| RoCE | 6.58% | RoE | 5.10% |
| Book Value | ₹31.7 | CASA Ratio | 50.56% |
| GNPA | 14.84% | NNPA | 3.97% |
| Promoter Holding | 93.08% | Capital Adequacy | 13.84% |
Central Bank of India (CBI) is a banking institution headquartered in Mumbai, India. Established in 1911, the bank provides personal banking services which include deposits, retail loan, and cards; corporate banking which include corporate loans; non-resident of India banking services; agricultural loans and micro, small, and medium enterprises (MSME) schemes. It has a market cap of Rs 21,554.77 crores.
A walkthrough of the basic performance parameters of the bank leads to an observation that their earnings have transitioned from negative returns of Rs 878 crores during FY20-21 to positive returns of Rs 1,065 crores in FY21-22.
The gross as well as net NPA figures have reduced on a YoY basis with the gross NPA ratio reducing from 16.55 percent in FY20-21 to 14.84 percent in FY21-22 and the net NPA ratio going down from 5.77 percent in FY20-21 to 3.97 percent in FY21-22. The CASA ratio has also improved from 49.22 percent in FY20-21 to 50.56 percent in FY21-22.
Best Mid Cap Stocks Under Rs 50 #5 – Punjab & Sind Bank
| CMP | ₹26 | Market Cap (Cr.) | ₹17,771.36 |
| EPS | 1.77 | Stock P/E | 14.78 |
| RoCE | 10.37% | RoE | 10.12% |
| Book Value | ₹20.7 | CASA Ratio | 33.81% |
| GNPA | 12.17% | NNPA | 2.74% |
| Promoter Holding | 98.25% | Capital Adequacy | 18.54% |
Punjab & Sind Bank (PJSB) is a banking institution headquartered in New Delhi, India providing various deposit products and loans. The bank was formed with the main objective to help those economically challenged Indians traditionally underserved by financial institutions. It has a market cap of Rs 17,771.36 crores.
The bank has more than 900 branches (about half in the state of Punjab) offering savings and checking accounts, credit cards, loans, and life insurance along with government pension accounts and remittance services.
The bank has reported net profits which turned around from negative returns of Rs 2,733 crores in FY20-21 to positive returns of Rs 1,039 crores in FY21-22.
The gross and net NPA figures have reduced on a YoY basis with the gross NPA ratio reducing from 13.76 percent in FY20-21 to 12.17 percent in FY21-22 and the net NPA ratio going down from 4.04 percent in FY20-21 to 2.74 percent in FY21-22. The CASA ratio improved from 32.81 percent in FY20-21 to 33.81 percent in FY21-22.
Also Read
List of Top Mid Cap Stocks under Rs 50
Listed below is an exhaustive list of Top Mid cap stocks under Rs 50.
| SR NO | STOCK | CMP ( IN RS ) | MARKET CAP ( IN CR ) |
| 1 | Indian Overseas Bank | 22.65 | ₹43,305.43 |
| 2 | Indian Railway Finance Corporation | 27.55 | ₹35,899.19 |
| 3 | UCO Bank | 24.9 | ₹30,463.78 |
| 4 | Central Bank of India | 24.5 | ₹21,554.77 |
| 5 | Punjab & Sind Bank | 26 | ₹17,771.36 |
| 6 | NHPC Ltd | 40.21 | ₹40,391.08 |
| 7 | GMR Airports Infrastructure Ltd | 43.96 | ₹26,534.02 |
| 8 | Bank of Maharashtra | 26.14 | ₹17,593.52 |
In Closing
In this article, we laid down the best Mid cap Stocks under Rs 50 in India, their key metrics, and have a general overview of how the company has performed on a quarterly as well as annual basis. I hope you were able to unlock some key points from this write-up that would help you in your investing journey. Happy investing!
Will the outperforming nature of Mid-cap stocks continue in the future? How about we discuss views on the same in the comments section below?
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