BSE Next 250 MICROCAP stocks list
BSEBroad market250 companies
- P/EPrice to earnings of an index. The index's P/E as the exchange publishes it with the close: its members' market value divided by their profit over the last twelve months, each member counted as the index weighs it. Price to earnings of an index: how it is worked out
- 22.92
- P/BPrice to book of an index. The index's P/B as the exchange publishes it: its members' market value divided by their net worth, the assets they own less everything they owe.
- 3.14
- Dividend yieldDividend yield of an index. The index's dividend yield as the exchange publishes it: dividends its members paid over the last twelve months as a percentage of their market value.
- 0.51%
- 1MOne-month return of an index. The latest close against the close a month earlier, on the same date or the last trading day before it, as a percentage. One-month return of an index in the glossary
- −9.80%
- 3MThree-month return of an index. The latest close against the close three months earlier, on the same date or the last trading day before it, as a percentage. Three-month return of an index in the glossary
- −4.94%
- 1YOne-year return of an index. The latest close against the close a year earlier, on the same date or the last trading day before it, as a percentage. One-year return of an index in the glossary
- +4.16%
P/E against its own past
Where today's P/E sits among every trading day of each window: the dot is today, the tick the middle day.
P/E, 1 year22.92
At or below today's level on 0.4% of 247 trading days over the last 1 year.
LowestHighest
Its median28.78
P/E at each month's last trading day, and on 30 Oct 2026
What the BSE Next 250 MICROCAP companies earned
Revenue against the same quarter a year earlier, over today's members that filed both; profit after tax added up over the members that filed the quarter. A quarter fewer than 60% of them filed is left out, and the newest is added once nearly as many have filed it as the one before.
- Revenue growthRevenue growth, against a year earlier. Revenue of the quarter to Jun 2026 against the same quarter a year earlier, added up over the 232 companies that filed both.
- +16.8%quarter to Jun 2026
- ProfitProfit after tax, added up. Profit after tax of the quarter to Jun 2026, added up over the 248 companies that filed it; a loss counts as negative.
- ₹10,063 Crquarter to Jun 2026
- Filed the quarterCompanies that filed the quarter. How many of the index's 250 listed companies have filed results for the quarter to Jun 2026; the revenue growth and the profit are theirs.
- 248of 250
- Median ROCEMedian return on capital employed. The middle figure of the 235 companies' ROCE for the year to Mar 2026, half above and half below. Operating profit after depreciation (revenue less operating expenses and depreciation, without other income and one-off items) as a percentage of all the money the business runs on: the whole group's net worth, the other owners of its subsidiaries included, plus borrowings. Lease liabilities are not counted: the results filings do not state them.
- 11.2%year to Mar 2026
Revenue against the same quarter a year earlier, per cent
Revenue grew against a year earlier in 10 of the 10 quarters shown.
Profit after tax, ₹ crore, added up over the companies that filed
Largest profit ₹14,733 Cr, quarter to Jun 2024.
The largest companies
The 12 largest companies in the BSE Next 250 MICROCAP, each sized by its market cap.
Market cap, ₹ crore
- SG Mart₹10,796 Cr
- Kingfa Science & Technology (India)₹9,192 Cr
- Knowledge Marine & Engineering Works₹7,850 Cr
- Steel Strips Wheels₹7,763 Cr
- TANFAC Industries₹7,571 Cr
- GNG Electronics₹7,518 Cr
- KRN Heat Exchanger and Refrigeration₹7,509 Cr
- Paisalo Digital₹7,392 Cr
- Raymond₹7,324 Cr
- Suven Life Sciences₹7,314 Cr
- Precision Wires India₹7,125 Cr
- Optiemus Infracom₹7,118 Cr
Companies in the BSE Next 250 MICROCAP
Largest first, by market cap.
Kingfa Science & Technology (India)KINGFA · Industrial Products₹6,783.00−1.54%₹9,192 Cr40.7020.3%0.29%+47.7%
Knowledge Marine & Engineering WorksKMEW · Engineering Services₹3,094.80+0.18%₹7,850 Cr59.5016.2%None+160.0%
TANFAC IndustriesTANFACIND · Chemicals & Petrochemicals₹3,499.85−0.91%₹7,571 Cr111.9020.0%0.13%+82.9%
KRN Heat Exchanger and RefrigerationKRN · Industrial Products₹1,147.20−4.99%₹7,509 Cr65.3012.0%None+44.0%
Paisalo DigitalPAISALO · Finance₹78.63−0.97%₹7,392 Cr27.80Lender: Not worked out for a bank, an NBFC or an insurer: it borrows to lend, so capital employed is not its measure.0.13%+105.1%
Optiemus InfracomOPTIEMUS · Telecom - Equipment & Accessories₹789.45−3.92%₹7,118 Cr98.006.7%None+31.9%
Sunflag Iron and Steel CompanySUNFLAG · Industrial Products₹391.95−3.54%₹7,064 Cr34.303.9%0.26%+44.0%
SML MahindraSMLMAH · Agricultural, Commercial & Construction Vehicles₹4,724.50−2.55%₹6,837 Cr46.5035.0%0.50%+55.9%
Gokul Agro ResourcesGOKULAGRO · Agricultural Food & other Products₹214.47−0.95%₹6,329 Cr13.6033.5%None+26.1%
Morepen LaboratoriesMOREPENLAB · Pharmaceuticals & Biotechnology₹113.35−5.00%₹6,211 Cr32.9014.3%0.18%+134.9%
Innova CaptabINNOVACAP · Pharmaceuticals & Biotechnology₹1,025.30−2.45%₹5,867 Cr37.5015.0%0.20%+22.8%
Sun Pharma Advanced Research CompanySPARC · Pharmaceuticals & Biotechnology₹176.46−3.56%₹5,727 Cr3.6084.8%None+28.8%
Smartworks Coworking SpacesSMARTWORKS · Commercial Services & Supplies₹480.50−0.83%₹5,496 Cr97.0050.4%None−15.5%
Fedbank Financial ServicesFEDFINA · Finance₹143.65−2.83%₹5,389 Cr12.40Lender: Not worked out for a bank, an NBFC or an insurer: it borrows to lend, so capital employed is not its measure.None−0.4%
West Coast Paper MillsWSTCSTPAPR · Paper, Forest & Jute Products₹815.45−2.91%₹5,386 Cr23.205.7%0.37%+78.8%
IOL Chemicals and PharmaceuticalsIOLCP · Pharmaceuticals & Biotechnology₹177.65−3.94%₹5,215 Cr25.7013.1%0.56%+90.3%
Seshaasai TechnologiesSTYL · Financial Technology (Fintech)₹312.45−5.30%₹5,056 Cr18.3022.4%0.80%−15.6%
Artemis Medicare ServicesARTEMISMED · Healthcare Services₹293.20−1.59%₹4,642 Cr40.5012.5%0.15%+16.1%
SG FinserveSGFIN · Finance₹689.00−6.25%₹4,540 Cr24.30Lender: Not worked out for a bank, an NBFC or an insurer: it borrows to lend, so capital employed is not its measure.None+75.1%
Ellenbarrie Industrial GasesELLEN · Chemicals & Petrochemicals₹308.45−3.61%₹4,347 Cr36.008.7%None−33.7%
RPG Life SciencesRPGLIFE · Pharmaceuticals & Biotechnology₹2,575.70−14.25%₹4,260 Cr38.9014.9%0.93%+5.9%
Laxmi Organic IndustriesLXCHEM · Chemicals & Petrochemicals₹152.74−4.52%₹4,245 Cr33.806.9%0.20%−22.9%
Novartis IndiaNOVARTIND · Pharmaceuticals & Biotechnology₹1,692.40−6.64%₹4,179 Cr42.7012.2%None+96.4%
Gufic BiosciencesGUFICBIO · Pharmaceuticals & Biotechnology₹413.55−1.25%₹4,147 Cr56.5012.7%0.02%+27.7%
Bajaj Hindusthan SugarBAJAJHIND · Agricultural Food & other Products₹17.24−4.49%₹4,122 Cr35.600.7%None−22.7%
Canara Robeco Asset Management CompanyCRAMC · Capital Markets₹206.34−0.80%₹4,115 Cr18.0032.6%2.91%−36.3%
Gujarat Alkalies and ChemicalsGUJALKALI · Chemicals & Petrochemicals₹541.20−2.32%₹3,974 Cr59.901.6%3.27%−5.8%
Jana Small Finance BankJSFB · Banks₹373.50−5.25%₹3,952 Cr8.30Lender: Not worked out for a bank, an NBFC or an insurer: it borrows to lend, so capital employed is not its measure.None−17.5%
Tatva Chintan Pharma ChemTATVA · Chemicals & Petrochemicals₹1,643.90+1.80%₹3,845 Cr61.108.8%0.12%+20.9%
Harsha Engineers InternationalHARSHA · Industrial Products₹414.15−2.30%₹3,771 Cr24.4011.4%0.36%+3.5%
Unichem LaboratoriesUNICHEMLAB · Pharmaceuticals & Biotechnology₹483.75−4.20%₹3,406 Cr11.203.3%None+2.1%
V.S.T Tillers TractorsVSTTILLERS · Agricultural, Commercial & Construction Vehicles₹3,848.60−0.99%₹3,330 Cr30.6013.2%0.65%−35.6%
Sterling and Wilson Renewable EnergySWSOLAR · Construction₹135.97−5.72%₹3,175 Cr15.5020.4%None−38.9%
Styrenix Performance MaterialsSTYRENIX · Chemicals & Petrochemicals₹1,754.80−3.15%₹3,086 Cr12.3019.1%2.62%−26.8%
Solara Active Pharma SciencesSOLARA · Pharmaceuticals & Biotechnology₹632.60−3.46%₹3,052 Cr82.606.4%None+4.8%
Hemisphere Properties IndiaHEMIPROP · Commercial Services & Supplies₹104.30−3.10%₹2,973 Cr–−2.0%None−25.0%
IndoStar Capital FinanceINDOSTAR · Finance₹183.07−0.89%₹2,960 Cr–Lender: Not worked out for a bank, an NBFC or an insurer: it borrows to lend, so capital employed is not its measure.None−25.6%
Advanced Enzyme TechnologiesADVENZYMES · Pharmaceuticals & Biotechnology₹263.55−0.23%₹2,929 Cr17.1011.2%0.51%−15.1%
Indraprastha Medical CorporationINDRAMEDCO · Healthcare Services₹305.65−3.97%₹2,802 Cr14.6028.6%1.31%−48.1%
HeidelbergCement IndiaHEIDELBERG · Cement & Cement Products₹120.97−2.40%₹2,741 Cr25.4011.3%5.79%−39.0%
Bhansali Engineering PolymersBEPL · Chemicals & Petrochemicals₹106.11−2.23%₹2,641 Cr11.9023.1%3.77%+6.7%
Muthoot MicrofinMUTHOOTMF · Finance₹134.88−5.74%₹2,300 Cr9.40Lender: Not worked out for a bank, an NBFC or an insurer: it borrows to lend, so capital employed is not its measure.None−19.9%
Dishman Carbogen AmcisDCAL · Pharmaceuticals & Biotechnology₹145.02−2.94%₹2,274 Cr140.701.4%None−50.5%
Fusion FinanceFUSION · Finance₹129.24−4.39%₹2,106 Cr12.50Lender: Not worked out for a bank, an NBFC or an insurer: it borrows to lend, so capital employed is not its measure.None−29.5%
Utkarsh Small Finance BankUTKARSHBNK · Banks₹11.46−3.70%₹2,039 Cr–Lender: Not worked out for a bank, an NBFC or an insurer: it borrows to lend, so capital employed is not its measure.None−43.3%
Repco Home FinanceREPCOHOME · Finance₹312.00−0.45%₹1,952 Cr4.10Lender: Not worked out for a bank, an NBFC or an insurer: it borrows to lend, so capital employed is not its measure.1.60%−25.0%
Bombay Dyeing & Mfg CompanyBOMDYEING · Textiles & Apparels₹88.21−1.90%₹1,822 Cr90.20−3.4%0.45%−47.1%
Honda India Power ProductsHONDAPOWER · Industrial Manufacturing₹1,752.60−1.09%₹1,778 Cr27.007.9%1.51%−34.3%
Fischer Medical VenturesFISCHER · Healthcare Equipment & Supplies₹24.79−4.40%₹1,732 Cr57.8010.2%0.20%−78.8%
Awfis Space SolutionsAWFIS · Commercial Services & Supplies₹233.88−2.25%₹1,674 Cr19.7029.3%None−61.0%
Teamlease ServicesTEAMLEASE · Commercial Services & Supplies₹1,080.40+3.92%₹1,651 Cr11.209.3%None−36.4%
Camlin Fine SciencesCAMLINFINE · Chemicals & Petrochemicals₹84.10+2.16%₹1,616 Cr274.700.6%None−57.3%
Ugro CapitalUGROCAP · Finance₹72.44−2.17%₹1,125 Cr8.00Lender: Not worked out for a bank, an NBFC or an insurer: it borrows to lend, so capital employed is not its measure.None−59.9%
About the BSE Next 250 MICROCAP
The BSE Next 250 MICROCAP is a broad index of 250 companies, the companies in the BSE Next 500 that are not in the BSE 250 MicroCap. It is maintained by BSE Index Services Pvt. Ltd.
How companies are chosen
The universe is the BSE Next 500, which holds the companies of the BSE 1000 that are not in the BSE 500. Every company in the BSE Next 500 that is not in the BSE 250 MicroCap joins this index, so there is no ranking or cut-off of its own. Differential Voting Rights shares (DVRs) are eligible if the company's ordinary share class is in the universe and the DVRs pass the liquidity criteria.
How it is weighted
Members are weighted by float-adjusted market capitalization: market capitalization counted only on the shares available for trading, which each company's Investable Weight Factor defines. Changes to the shares outstanding of less than 5% are made quarterly, at the open of the Monday following the third Friday of Mar, Jun, Sep and Dec.
When it is reviewed
The index is reconstituted twice a year. The reference date is the last trading day of Apr and Oct, and the changes take effect at the market open on the Monday following the third Friday of Jun and Dec. Between reviews, a company dropped after a corporate action is replaced by the most eligible non-member, to keep the count at 250. Companies added to the Graded Surveillance Measure list are dropped monthly.
Base date and value
The base date is 21 Sep 2015 and the base value is 1000. The index was launched on 10 Feb 2025.
- Published by
- BSE
- Kind
- Broad market
- CompaniesCompanies in an index. How many companies the index holds on its current list, which the exchange revises from time to time. Companies in an index in the glossary
- 250
- List last changed
- 30 Sep 2026
- Above 200-day averageMembers above their 200-day average. The share of the index's members whose latest close is above their own average close of the last 200 trading days; members listed too recently to have one are left out. Members above their 200-day average in the glossary
- 98 of 250
Broad market indices
Others in this group, the most used as a fund's benchmark first.All
- BSE Next 500501 companiesP/E 23.08
- BSE SENSEX 5050 companiesP/E 19.59
- BSE SENSEX 50 TMC50 companiesP/E 18.73
- BSE SENSEX Next 50 TMC50 companiesP/E 24.14
- BSE SENSEX Sixty60 companiesP/E 20.18
- BSE SmallCap1,381 companiesP/E 29.91
- BSE Smallcap 500502 companiesP/E 27.79
- BSE SmallCap Select Index60 companiesP/E 37.21
- BSE Total Market1,002 companiesP/E 21.83
Nifty India FPI 150150 companiesP/E 20.85