Synopsis: Small-cap companies whose annual revenue exceeds their market capitalisation indicate strong operational performance relative to valuation. It features companies such as KEC International, Kalpataru Projects International, Paradeep Phosphates, and others.
Small-cap companies generating annual revenue higher than their market capitalisation often attract investor attention as potential undervalued opportunities. These businesses may indicate strong operational scale despite muted market sentiment, making them interesting picks for value-focused investors. However, such stocks also require careful analysis of profitability, debt levels, and future growth prospects before making investment decisions.
KEC International Ltd
KEC International is an EPC (Engineering, Procurement, and Construction) company under the RPG Group. It works in power transmission, railways, civil infrastructure, renewable energy, and oil & gas pipelines. The company designs, manufactures, and executes large infrastructure projects across India and many countries globally, with strong engineering and manufacturing capabilities.
With a market capitalization of Rs. 12,891 Crores, the shares of the company closed at Rs. 485, down by 0.37 percent from its previous day’s close price.
The company reported Revenue of Rs. 23,506 crore in March 2026, which is over 1.88 times its market capitalization of Rs. 12,506 crore, highlighting strong business performance relative to valuation.
Paradeep Phosphates Ltd
Paradeep Phosphates is a leading fertilizer company in India engaged in manufacturing and marketing phosphatic fertilizers like DAP and NPK. It operates large production plants at Paradeep and Goa. The company supports agriculture by supplying crop nutrients and plays a key role in improving farm productivity across Indian agricultural markets. With a market capitalization of Rs. 13,207 Crores, the shares of the company closed at Rs. 127, up by 2.83 percent from its previous day’s close price.
The company reported Revenue of Rs. 21,826 crore in March 2026, which is over 1.71 times its market capitalization of Rs. 12,723 crore, highlighting strong business performance relative to valuation.
Kalpataru Projects International Ltd
Kalpataru Projects International is a diversified EPC company involved in power transmission, railways, water supply, oil & gas, and urban infrastructure. It executes turnkey projects across India and in many countries. The company offers end-to-end engineering solutions, including design, construction, and project management, backed by strong global execution capabilities.
With a market capitalization of Rs. 21,601 Crores, the shares of the company closed at Rs. 1,263, down by 0.93 percent from its previous day’s close price. The company reported Revenue of Rs. 27,143 crore in March 2026, which is over 1.25 times its market capitalization of Rs. 21,567 crore, highlighting strong business performance relative to valuation.
NCC Ltd
NCC Ltd is one of India’s major construction and infrastructure companies. It undertakes projects in buildings, roads, water supply, mining, electrical works, and urban infrastructure. The company works with government and private clients, delivering large-scale civil engineering projects across India with strong execution capabilities and a diversified project portfolio.
With a market capitalization of Rs. 9,168 Crores, the shares of the company closed at Rs. 146, down by 0.85 percent from its previous day’s close price. The company reported Revenue of Rs. 20,823 crore in March 2026, which is over 2.22 times its market capitalization of Rs. 9,386 crore, highlighting strong business performance relative to valuation.
Apollo Tyres Ltd
Apollo Tyres is a leading Indian tyre manufacturer producing tyres for passenger vehicles, commercial vehicles, two-wheelers, and off-highway vehicles. It has manufacturing plants in India and Europe. The company sells under the Apollo and Vredestein brands and serves global markets with a focus on quality, safety, and performance.
With a market capitalization of Rs. 23,619 Crores, the shares of the company closed at Rs. 372, up by 0.1 percent from its previous day’s close price. The company reported Revenue of Rs. 28,471 crore in March 2026, which is over 1.20 times its market capitalization of Rs. 23,632 crore, highlighting strong business performance relative to valuation.
Gokul Agro Resources Ltd
Gokul Agro Resources Ltd. (GARL) is an Indian FMCG company that produces, distributes, and exports a wide range of edible and non-edible oils, oil meals, and related products. The company is involved in various agri-business activities, including seed crushing, oil refining, castor oil derivatives, and oleochemicals.
With a market capitalization of Rs. 6,532 Crores, the shares of the company closed at Rs. 221, down by 0.63 percent from its previous day’s close price. The company reported Revenue of Rs. 24,077 crore in March 2026, which is over 3.40 times its market capitalization of Rs. 7,088 crore, highlighting strong business performance relative to valuation.
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