Small-Cap Stocks That Doubled Their Sales in Q4 to Keep...

Synopsis: Small-cap firms such as Lloyds Engineering, Waaree Renewable, and a few others delivered strong Q4FY26 results, driven by robust sales growth and improving profitability, reflecting broad-based operational momentum across sectors.

Small-cap companies often attract attention in the stock market due to their high growth potential and ability to scale rapidly. In the latest earnings season, a select group of these companies stood out by delivering exceptionally strong performance, with their revenues more than doubling year-on-year in the fourth quarter.

This surge in sales reflects improving business fundamentals, stronger demand conditions, and effective execution strategies across sectors. Such performances highlight how emerging companies in the small-cap space can create significant value during periods of economic expansion and sectoral tailwinds.

HFCL Ltd

HFCL Ltd is an Indian telecom and network equipment company involved in manufacturing optical fibre cables, networking products, and defence communication systems. It serves telecom operators, government, and enterprise customers with solutions in 5G, broadband, and secure communication infrastructure. With a market capitalisation of Rs. 21,604 cr, the shares of HFCL Ltd closed at Rs. 141.15 per share, down from its previous close of Rs. 146.60 per share.

It delivered a strong YoY performance, with Sales rising 128% to Rs. 1,824 crore in Q4FY26 from Rs. 801 crore in Q4FY25. EBITDA surged to Rs. 314 crore from a loss of Rs. 37.1 crore, while Net Profit jumped to Rs. 184 crore from a loss of Rs. 83.3 crore. EPS also improved sharply to Rs. 1.17 from -Rs. 0.56.

Lloyds Engineering Works Ltd

Lloyds Engineering Works Ltd is an Indian engineering company engaged in heavy fabrication, industrial equipment manufacturing, and engineering solutions. It caters to sectors such as infrastructure, steel, oil & gas, and power, providing large-scale fabricated structures and precision engineering products.

With a market capitalisation of Rs. 8,798 cr, the shares of Lloyds Engineering Works Ltd closed at Rs. 62.91 per share, up from its previous close of Rs. 61.31 per share.

It delivered a strong YoY performance, with Sales surging 113% to Rs. 495 crore in Mar 2026 from Rs. 232 crore in Q4FY25. EBITDA rose 76% to Rs. 61.2 crore from Rs. 34.7 crore, while Net Profit jumped 137% to Rs. 46.5 crore from Rs. 19.6 crore. EPS also increased 175% to Rs. 0.33 from Rs. 0.12.

Waaree Renewable Technologies Ltd

Waaree Renewable Technologies Ltd operates in the renewable energy sector, primarily focusing on solar engineering, procurement, and construction (EPC) services. It is involved in designing and executing solar power projects for commercial, industrial, and utility-scale clients.

With a market capitalisation of Rs. 10,737 cr, the shares of Waaree Renewable Technologies Ltd closed at Rs. 1029 per share, down from its previous close of Rs. 1,051.65 per share.

It delivered a strong YoY performance, with Sales surging 131% to Rs. 1,102 crore in Mar 2026 from Rs. 477 crore in Q4FY25. EBITDA increased 64% to Rs. 207 crore from Rs. 126 crore, while Net Profit rose 66% to Rs. 156 crore from Rs. 93.8 crore. EPS also grew 66% to Rs. 14.93 from Rs. 9.00.

Kesar India Ltd

Kesar India Ltd is a real estate development company engaged in residential and commercial property projects. It focuses on developing housing projects and urban infrastructure, mainly catering to growing demand in Indian cities. The company operates in the real estate sector with an emphasis on planned development and property construction.

With a market capitalisation of Rs. 3,562 cr, the shares of Kesar India Ltd closed at Rs. 1246.70 per share, up from its previous close of Rs. 1,242.70 per share. It delivered a very strong YoY performance, with Sales rising 109% to Rs. 84.8 crore in Mar 2026 from Rs. 40.6 crore in Q4FY25. EBITDA surged 529% to Rs. 20.0 crore from Rs. 3.18 crore, while Net Profit jumped 806% to Rs. 14.5 crore from Rs. 1.6 crore. EPS also increased sharply by 683% to Rs. 5.09 from Rs. 0.65.

E2E Networks Ltd

E2E Networks Ltd is an Indian cloud computing and AI infrastructure company offering high-performance cloud services, including GPU-based computing for artificial intelligence and machine learning applications. It provides scalable cloud infrastructure solutions to startups, enterprises, and research organizations. With a market capitalisation of Rs. 7,059 cr, the shares of E2E Networks Ltd closed at Rs. 3,434 per share, up from its previous close of Rs. 3,277.40 per share.

It showed strong operational growth in FY26, with Sales surging 185% to Rs. 95.6 crore from Rs. 33.5 crore in Q4FY25. EBITDA rose sharply by 337% to Rs. 58.1 crore from Rs. 13.3 crore. However, Net Profit declined 53% to Rs. 6.44 crore from Rs. 13.6 crore, while EPS also fell 54% to Rs. 3.13 from Rs. 6.82.

Disclaimer: The views and investment tips expressed by investment experts/broking houses/rating agencies on tradebrains.in are their own, and not that of the website or its management. Investing in equities poses a risk of financial losses. Investors must therefore exercise due caution while investing or trading in stocks. Trade Brains Technologies Private Limited or the author are not liable for any losses caused as a result of the decision based on this article. Please consult your investment advisor before investing.

The post Small-Cap Stocks That Doubled Their Sales in Q4 to Keep an Eye On appeared first on Trade Brains.