#1 CARE Ratings 🧾
- 🏢 A top credit rating agency in India
- 📊 Core biz (94.5% of revenue) = Credit Ratings
- 🔄 Diversifying into non-rating segments—up from 6% to 10% revenue share YoY
- 📅 As of 31 March 2025, LIC owns 9.5% stake
- 📚 Building reputation as a knowledge hub with reports, newsletters, & thematic papers
- 🤖 Embracing automation with workflow tech in FY26
- 🚀 Q3 FY25 YoY growth:
- Ratings biz: +20%
- Non-ratings biz: +38%
- 🌟 Positioned well as India eyes a $5 trillion economy
#2 Dhanuka Agritech 🌾
- 🧪 Leading agrochemical firm with pan-India reach
- 🏭 Operates 4 plants, 41 warehouses, 6,500 distributors, 80,000 retailers
- 🔍 Focus on novel chemistry & new product development
- 📅 LIC stake: 2.95%
- 💹 3-year financials:
- Revenue CAGR: 8%
- Net Profit CAGR: 5%
- ROE: 22%
- 🧭 Stock has been consolidating recently
- 🌦️ Outlook: Boost from expected La Niña-driven rainfall in FY25
- 📈 FY25 Guidance:
- Revenue growth: 14%
- EBITDA margin expansion: 1%
- 🔬 Pipeline of 8 new launches over 2 years + new R&D efforts
#3 Easy Trip Planners ✈️
- 🧳 Also known as EaseMyTrip
- 🧭 Started as B2B2C in 2008 → expanded to B2C (2011) & B2E (2013)
- 🏷️ Known for zero convenience fees & full refund policy
- 🧩 Offers end-to-end travel solutions & services
- 📅 LIC stake: 2.36%
- 💰 3-Year Financials:
- Revenue CAGR: 52%
- Net Profit CAGR: 38%
- ROE: 41%
- 📉 Despite strong numbers, stock has underperformed in the past year
🚀 Conclusion:
These LIC-backed smallcaps aren’t making noise, but their potential is loud and clear. With solid fundamentals and a giant backer, they might be worth a deeper look before the rest of the market wakes up 👀📈
