Best ASX Stocks to Buy in March 2026

Investors who are in search for the best ASX stocks to buy right now should look at companies that have shown strong earnings growth and have solid balance sheets. 

The ASX companies listed below stand out because their financial performance has improved over time. Strategic growth initiatives also support their outlook and all these factors could help generate attractive returns for investors.

Cobre Limited (ASX: CBE)

Cobre Limited (ASX: CBE) is an emerging copper exploration company with projects in Botswana’s highly prospective Kalahari Copper Belt which makes it one of the best ASX stocks to buy right now.

The company during the December 2025 quarter advanced exploration across its Ngami and Kitlanya projects. Drilling at the Cosmos target returned encouraging copper intersections which suggest the presence of a laterally extensive mineralised zone.

Cobre also completed two strategic capital raisings that totalled $5.5 million which include a $1.5 million placement to Sinomine and a $4 million investment from Tribeca Investment Partners that supports project development.

Exploration expenditure for the quarter reached about $3.16 million because the company focused on drilling seismic surveys and progress of its copper projects in Botswana.

The copper boom is expected to continue in 2026 because of AI capex while the company ended the quarter with about $7.17 million in cash which provides funding for ongoing exploration and development activities.

TechnologyOne Limited (ASX: TNE)

TechnologyOne Limited (ASX: TNE) is one of the best ASX stocks to buy right now because it has an exceptional recurring revenue model and a long history of steady earnings growth.

The company in FY25 reported total income of about $610 million. Profit before tax increased 19% year-on-year to $181.5 million which reflects strong demand for its enterprise software products.

Annual recurring revenue also increased 18% to about $554.6 million which came from growth in its SaaS+ platform and expansion in the United Kingdom market.

TechnologyOne produced free cash flow of about $184.2 million and finished the year with around $319.6 million in cash and investments while it had no debt which shows the strength of its balance sheet.

Management has raised FY26 guidance and now expects profit growth of 18% to 20% while ARR growth could reach about 16% to 18% because customer demand remains strong.

The long-term goal is also quite ambitious. The company aims to cross $1 billion in ARR by FY30 which could happen because of higher SaaS adoption expansion into global markets and new AI enabled enterprise software products.

Ora Banda Mining Limited (ASX: OBM)

Ora Banda Mining Limited (ASX: OBM) is one of the best ASX stocks to buy now because of rising gold prices driven by currency debasement and geopolitical uncertainty continue to support strong demand for precious metals.

The company in the first half of FY26 reported record revenue of about $336.3 million while EBITDA rose 106% to about $173.2 million.

Net profit after tax increased 89% to $96.3 million while operating cash flow rose 102% to $184 million which shows strong cash generation in the business.

The company also achieved record production of about 62,631 ounces of gold during the period which was a 32% increase compared with the previous year.

Ora Banda also expanded its resource base with the Round Dam deposit rising to about 1.33 million ounces which helped lift total group resources to 3.3 million ounces.

(Source: Company Reports)