Best Midcap Stocks in NSE that can make you millionaire

Midcap companies are generally companies with market cap of more than 5000 crores but less than 20000 crores with respect to Indian share market. We have selected best midcap stocks for you that can make you next millionaire. These companies are like middle class people of our country who have bigger aspirations and passion to become big and come into the category of Large cap companies (market cap of more than 20000 crores). These companies are perfect for a person to invest because these companies have seen ups and down of a economy from time to time. 

After doing thorough research of top mid cap companies in India we have selected best midcap companies in which you can invest and make a good fortune in long term. We always recommend you to invest for a long in financial markets because trading is a very risky game and only less than 5% people are able to money from it. So invest for long term and see your money growing. 

1. IDFC FIRST BANK

Best Midcap Stocks in NSE that can make you millionaire

This bank was started in October 2015 by Mr. V. vaidyanathan. He is an highly experienced guy in banking and finnace who understands the debt and mortgage market of India very well. His vision of starting this bank to provide loans to the small and medium businesses(micro finance). These loans are of very low ticket size ranging from 5000 rupees to 1 lakh rupees. Banks charge a very good amount interest rates in these small loans (about 24% average) which gives a huge boost to profit of bank but on the other side they face a risk of loan default as these loans are unsecured loans. 

Now IDFC Bank is also diversifying its portfolio in Retail banking and business banking which gives a perfect balance to this bank. Also the management of this bank has clear vision to bring growth of 30-40% on annual basis.
Some crucial information that will give a good idea about this bank is (Data is of may 2023)
  • Market Cap 42,667 Cr.
  • Current Price 64.4
  • High / Low65.8 / 29.0
  • Stock P/E17.2
  • Book Value33.9
  • Dividend Yield0.00 %
  • ROCE7.47 %
  • ROE11.8 %
  • Face Value10.0
  • Profit Var 5Yrs23.0 %
  • Debt 1,58,502 Cr.
  • Return on equity11.8 %
  • CMP / FCF7.08
  • EPS3.75
  • Intrinsic Value78.6
  • Price to book value1.90
  • Debt to equity7.52
  • Net worth 21,483 Cr.
  • ROE 5Yr-1.83 %
  • Earnings yield7.24 %
  • Free Cash Flow 5Yrs 45,714 Cr.
  • Free Cash Flow 10Yrs₹ Cr.
  • ROCE 3Yr6.15 %
  • Sales Var 10Yrs%
  • Sales growth 5Years20.1 %
  • Price to Earning17.2

2. IEX (INDIAN ENERGY EXCHANGE)

Best Midcap Stocks in NSE that can make you millionaire
With a market cap of around of 14271 Cr. Indian Energy Exchange is India’s premier energy marketplace, providing a nationwide automated trading platform for the physical delivery of electricity, renewables, and certificates. IEX is like a monopoly in this sector and it is also the largest player in electricity trading. Indian Energy Exchange Limited IEX is the first and largest power exchange in India. It has a dominant market share of over 98 of traded volume in electricity and diverse registered participants base of more than 6300.
Cherry on the cake is that IEX has 47% stake in Indian gas exchange which gives this company a major advantage in energy trading business. 
Some crucial information that will give you a good idea about this company is (Data is of may 2023)
  • Market Cap₹ 14,298 Cr.
  • Current Price₹ 160
  • High / Low₹ 207 / 126
  • Stock P/E49.2
  • Book Value₹ 8.37
  • Dividend Yield1.25 %
  • ROCE62.1 %
  • ROE47.6 %
  • Face Value₹ 1.00
  • Profit Var 5Yrs24.2 %
  • Debt₹ 15.6 Cr.
  • Return on equity47.6 %
  • CMP / FCF36.1
  • EPS₹ 3.23
  • Intrinsic Value₹ 70.6
  • Price to book value19.2
  • Debt to equity0.02
  • Net worth₹ 752 Cr.
  • ROE 5Yr45.8 %
  • Earnings yield2.72 %
  • Free Cash Flow 5Yrs₹ 1,333 Cr.
  • Free Cash Flow 10Yrs₹ 1,860 Cr.
  • ROCE 3Yr59.4 %
  • Sales Var 10Yrs21.6 %
  • Sales growth 5Years16.5 %
  • Price to Earning49.2

3. KPIT TECHNOLOGIES LIMITED 

Best Midcap Stocks in NSE that can make you millionaire

KPIT is a global technology company with software solutions that will help mobility leapfrog towards autonomous, clean, smart and connected future. With 10000+ Automobelievers across the globe, specializing in embedded software, AI & Digital solutions, KPIT enables customers accelerate implementation of next generation mobility technologies . With development centers in Europe, USA, Japan, China, Thailand and India.

Its major revenue come from USA. KPIT technology center is situated in USA,India and Japan. KPIT has 58 patents registered on there own which shows KPITs high innovation and technological advancement
Some crucial information that will give you a good idea about this company is (Data is of may 2023)
  • Market Cap₹ 24,125 Cr.
  • Current Price₹ 881
  • High / Low₹ 950 / 440
  • Stock P/E63.0
  • Book Value₹ 60.2
  • Dividend Yield0.35 %
  • ROCE30.6 %
  • ROE25.9 %
  • Face Value₹ 10.0
  • Profit Var 5Yrs327 %
  • Debt₹ 287 Cr.
  • Return on equity25.9 %
  • CMP / FCF55.3
  • EPS₹ 13.9
  • Intrinsic Value₹ 261
  • Price to book value14.6
  • Debt to equity0.17
  • Net worth₹ 1,652 Cr.
  • ROE 5Yr19.2 %
  • Earnings yield2.23 %
  • Free Cash Flow 5Yrs₹ 1,756 Cr.
  • Free Cash Flow 10Yrs₹ Cr.
  • ROCE 3Yr23.6 %
  • Sales Var 10Yrs%
  • Sales growth 5Years%
  • Price to Earning63.0
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WARNING BEFORE TAKING ANY DECISION ON INVESTING IN THESE SHARES PLEASE CONSULT YOUR FINANCIAL ADVISOR. 

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