Indian Materials Undervalued Small Caps

Surya Roshni

Market Cap: ₹55.8b

Manufactures and sells steel pipes and strips, and lighting and consumer durables in India.

Pennar Industries

Market Cap: ₹26.2b

Operates as an engineering company in India and internationally.

Star Cement

Market Cap: ₹88.0b

Manufactures and supplies cement and clinker products in India and internationally.

JK Paper

Market Cap: ₹61.7b

Engages in the production and sale of paper products in India.

Huhtamaki India

Market Cap: ₹16.0b

Manufactures and sells of flexible consumer packaging and labelling solutions in India.

S H Kelkar

Market Cap: ₹22.7b

Manufactures and supplies fragrances, flavors, and aroma ingredients in India.