
Two small-cap Indian companies, Jyoti Resins and Adhesives Ltd and another unnamed firm, are highlighted for their strong financial performance and minimal debt. Jyoti Resins, a manufacturer of synthetic resin adhesives under the EURO 7000 brand, shows a high Return on Capital Employed (ROCE) of 50%, significantly outperforming the industry median of 15%. This financial strength allows them to reinvest profits for growth, operating in stealth mode away from the spotlight on larger corporations.