Mid Cap Stocks With High FII Holdings: Many investors prefer mid cap stocks over large caps as the latter find it difficult to grow at a fast rate because of their huge size. In such situations, mid caps stocks have both important elements: a track record and huge growth potential.

This coupled with high foreign institutional holding can act as a strong vote of confidence. In this article, we’ll present such ‘Mid Cap Stocks With High FII Holdings’ that investors can add to their watchlists.

Mid Cap Stocks With High FII Holdings

For our study of ‘FII holding mid cap stocks’ we’ll look at companies from various industries such as financial services, logistics and healthcare. Later, a table puts together more such stocks. Without further ado, let us jump in.

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Mid Cap Stocks With High FII Holdings #1 – Delhivery

Mid Cap Stocks With High FII Holdings - Delhivery Logo
ParticularsAmountParticularsAmount
CMP ₹434.7Market Cap (Cr.)₹32,224
EPS₹0Stock P/E0
RoE-14.18%RoCE-12.29%
Promoter Holding0%FII Holding66%
Debt to Equity0.0Price to Book Value3.3
Net Profit Margin-13.95%Operating Profit Margin-6.25%

Delhivery was started in 2011 by Sahil Barua, Mohit Tandon, Bhavesh Manglani, Suraj Saharan, and Kapil Bharati. Over the years, it has emerged as the largest fully integrated logistics company in India.

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It has a pan-Indian distribution network of 24 automated sort centres, 94 gateways, and 2,880 direct delivery centres through which it is able to service 18,500 pin codes across the country. 

Delhivery provides its services to more than 26,500 business clients like e-commerce marketplaces, direct-to-consumer e-tailers, and small & medium enterprises from various industries including FMCG, consumer durables, consumer electronics, retail, automotive, lifestyle, and manufacturing.

 Yet to turn profitable, Delhivery reported a net loss of Rs 1,007 crore on sales of Rs 7,225 crore in FY23. It has been inching towards profitability as its quarterly net loss for June 2023 reduced to only Rs 89.48 crore against Rs 1929.78 crore in June 2022.

As per the recent shareholding data of June 2023, multiple foreign institutional investors like SVF Doorbell, Nexus Ventures, Internet Fund, Gamnat, Vanguard, Alpha Wave, and more hold stakes totaling 66% in Delhivery. 

Mid Cap Stocks With High FII Holdings #2 – Petronet LNG

Petronet LNG Logo
ParticularsAmountParticularsAmount
CMP ₹244.9Market Cap (Cr.)₹34,350
EPS₹23Stock P/E10
RoE23.0%RoCE32.2%
Promoter Holding50%FII Holding34%
Debt to Equity0.0Price to Book Value2.05
Net Profit Margin5.6%Operating Profit Margin8.1%

Petronet LNG Ltd. (PLL) is a joint venture of the four largest oil and gas companies in India: GAIL (India) Ltd. (GAIL), Oil & Natural Gas Corporation Ltd. (ONGC), Indian Oil Corporation Ltd. (IOCL) and Bharat Petroleum Corporation Ltd. (BPCL). It was established 25 years ago and each of the PSUs holds a 12.5% stake taking the total promoter holding to 50%.

A government company, PLL is involved in the import, storage and regasification of liquefied natural gas (LNG). As a feather in its cap, it meets close to 40% of the gas needs of India and almost 2/3rd of the total LNG imports of the nation.

The company operates two terminals one in Dahej of Gujarat (17.5 MMTPA handling capacity) and the other one in Kochi of Kerala (5 MMTPA handling capacity). 

GAIL, IOCL, ONGC, and BPCL are primary customers of Petronet LNG for the supply of its RLNG. Furthermore, PLL also provides regasification and hydrocarbons processing services to these giants.

Petronet LNG earned a net profit of Rs 3,325 crore on sales of Rs 59,899.35 crore in FY23. It is a debt-free stock and presently trades a price-to-earnings ratio of 9.6. In addition to this, the gas company has a high FII holding of 34%, held by some of the prominent institutions such as the Government of Singapore, T. Rowe Price Trust, Fidelity Investment Trust, etc.

Mid Cap Stocks With High FII Holdings #3 – Sona BLW Precision

Mid Cap Stocks With High FII Holdings - Sona BLW Logo
ParticularsAmountParticularsAmount
CMP ₹575.05Market Cap (Cr.)₹33,878
EPS₹7Stock P/E78.67
RoE18.5%RoCE23.0%
Promoter Holding30%FII Holding32%
Debt to Equity0.1Price to Book Value14.93
Net Profit Margin14.8%Operating Profit Margin26.01%

Sona BLW Precision Forgings is a mid-cap auto-ancillary company with a market capitalisation of Rs 35,801 crore. Founded in 1995, it has established itself as a prominent components manufacturer internationally in the last 29 years.

Sona BLW has increased its footprint through organic and inorganic routes in the past. Its major, recent acquisition was when it purchased Comstar Automotive Technologies in 2019 and launched a new brand identity as ‘Sona Comstar’.

The company conceptualizes and manufactures a wide variety of critical automotive parts such as differential gears, differential assemblies, EV traction motors, conventional & mico-hybrid starter motors, motor control systems, and BSG systems.

Talking about its product segments, it earned a majority 77% of its income from abroad making its revenue sources geographically diversified. Furthermore, 26% of sales came from EV components putting it in a strong spot in the fast-growing EV segment.

The auto components maker has 9 manufacturing plants, 3 research & development centres, 1 tool & die-casting shop, and 8 warehouses spread across India, the USA, Mexico, and China.

The company earned a net profit of Rs 395.3 crore on sales of Rs 2,675.6 crore in FY23. The sales of this debt-free stock have continuously increased in the past five years. As per the recent shareholding data for June 2023, FIIs held 32% of the company.

Mid Cap Stocks With High FII Holdings #4 – Fortis Healthcare

Fortis Healthcare logo
ParticularsAmountParticularsAmount
CMP ₹335Market Cap (Cr.)₹24,963
EPS₹8Stock P/E43
RoE9.4%RoCE12.5%
Promoter Holding31%FII Holding30%
Debt to Equity0.1Price to Book Value2.71
Net Profit Margin10.1%Operating Profit Margin17.49%

Founded almost three decades ago, Fortis Healthcare is one of the leading healthcare companies in India. It operates 28 hospitals across the major metro cities of India and has a market capitalization of Rs 25,000 crore.

Fortis has a current operational capacity of more than 4,500 beds which are serviced by its large team of 5,700+ doctors and 6,700+ nurses. In addition to offering healthcare services through its hospitals network, Fortis also operates diagnostics and daycare specialty facilities.

Its portfolio of services includes a wide range of treatments in the areas of gynaecology, oncology, pulmonology, neurology, cardiac, renal, and more. 

Recently, Fortis changed the name of its diagnostics business to Agilus Diagnostics. It is planning to launch an initial public offering (IPO) by offer for sale of sale to free up some cash from the business. Furthermore, in another restructuring process, it sold its two hospitals, one in Gurugram and one in Chennai.

It earned a net profit of Rs 588.73 crore on sales of Rs 6,297.63 crore in FY23. The hospital company has a promoter holding and a high FII holding of 31.17% and 30.03% respectively.

Mid Cap Stocks With High FII Holdings #5 – KPIT Technologies

KPIT Technologies
ParticularsAmountParticularsAmount
CMP ₹1,166Market Cap (Cr.)₹31,052
EPS₹16Stock P/E72
RoE26.5%RoCE35.1%
Promoter Holding39%FII Holding26%
Debt to Equity0.0Price to Book Value17.62
Net Profit Margin11.5%Operating Profit Margin18.08%

KPIT Technologies is a leading automotive software services provider with a worldwide presence. The company was established in 1990. Since its inception, it has grown multi-fold and currently serves automobile original equipment manufacturers (OEMs) across the Americas, Europe, and India.

It offers a multitude of technology services and solutions including advanced driver assistance systems (ADAS), conventional powertrains, connected vehicles, vehicle engineering & design, autonomous driving, cloud & analytics, and more to tier-1 corporations.

KPIT operates 25 engineering centres globally employing 11,000+ people. It has a large portfolio of more than 75 platforms, tools, and accelerators which it offers to over 25+ OEMs. Presently, 10+ million vehicles run on technologies developed by KPIT.

The technology powerhouse earned a net profit of Rs 381 crore in FY23 on revenues of Rs 3,365.04 crore. With a P/E ratio of 72, it gives a market capitalization of Rs 31,052 crore to the company. Being an IT company, KPIT is debt-free and offers a good RoE of 26.5% to its investors.

List Of Mid Cap Stocks With High FII Holdings

The table below puts together the names of Mid Cap Stocks With High FII Holdings covered above along with some more.

Company NameCMPMarket Cap (Cr)FII Shareholding
Delhivery₹434.7₹32,224 65.6%
Petronet LNG₹244.9₹34,350 34.3%
Sona BLW Precision₹575.05₹33,878 31.7%
Fortis Healthcare₹331₹24,99330.0%
The Phoenix Mills₹1,799.6₹32,14528.6%
KPIT Technologies₹1,166₹31,50225.9%
Jubilant FoodWorks₹540.7₹35,16325.5%
Coforge₹5,625.6₹34,303 24.8%
Jindal Stainless₹476.75₹39,08022.2%
Page Industries₹40,806.4₹44,068 22.0%

Conclusion

As we conclude our study of ‘Mid Cap Stocks With High FII Holdings’, we can say that almost all the companies are debt free and have a huge addressable market in front of them. This gives them a long runaway to grow their earnings at a fast pace. 

As a retail investor, do you track the FII shareholding of the stocks you invest in? Do you hold any of the stocks covered above in your portfolio? How about we continue this conversation in the comments below?

Written By Vikalp Mishra

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