Indian Undiscovered Gems With Strong Fundamentals

SML Mahindra

Market Cap: ₹45.5b

Manufactures and sells commercial vehicles and related parts in India and internationally.

Indo Farm Equipment

Market Cap: ₹11.0b

Manufactures and sells agricultural, industrial, and construction equipment in India.

Genesys International

Market Cap: ₹20.0b

Provides geographical information services in India and internationally.

Knowledge Marine & Engineering Works

Market Cap: ₹29.0b

Engages in the ownership, operation, and chartering/hiring of marine crafts in India.

Midwest

Market Cap: ₹40.4b

Engages in the exploration, mining, processing, marketing, distribution, and export of natural stones in India and internationally.

Master Trust

Market Cap: ₹14.1b

Provides financial services in India.

Network People Services Technologies

Market Cap: ₹34.3b

Develops payments infrastructure for banks, payment aggregators, and merchants in India.

Krishana Phoschem

Market Cap: ₹31.4b

Engages in the manufacture and sale of fertilizers and chemicals under the Annadata and Bharat brands in India.

Viviana Power Tech

Market Cap: ₹10.1b

Engages in power transmission, distribution, and industrial engineering, procurement, and construction (EPC) space project businesses in India.

BLS E-Services

Market Cap: ₹18.6b

A technology enabled digital service company, provides assisted E-services and E-governance services in India and internationally.

Abans Financial Services

Market Cap: ₹10.2b

Operates as a non-banking finance company in India and internationally.

Gujarat State Fertilizers & Chemicals

Market Cap: ₹74.5b

Produces and sells fertilizers and chemicals in India.

Shree Pushkar Chemicals & Fertilisers

Market Cap: ₹12.7b

Manufactures and trades in chemicals, dyes and dyes intermediate, cattle feeds, fertilizers, and soil conditioners in India.

Oswal Greentech

Market Cap: ₹9.5b

Develops real estate projects in India.

Saatvik Green Energy

Market Cap: ₹62.3b

Manufactures and sells solar photovoltaic modules in India and internationally.

Mamata Machinery

Market Cap: ₹10.8b

Mamata Machinery Limited manufacture and sells plastic bag and pouch making systems in India and internationally.

Insolation Energy

Market Cap: ₹37.9b

Engages in the manufacture and sale of solar panels and modules under INA brand name in India.

Alembic

Market Cap: ₹25.6b

Engages in real estate business in India and internationally.

KP Green Engineering

Market Cap: ₹27.6b

Engages in engineering and manufacture of steel structure in India.

TCPL Packaging

Market Cap: ₹30.3b

Manufactures and sells paperboard-based packaging materials and flexible packaging products in India.

Rrp Semiconductor

Market Cap: ₹160.6b

Trades in electronic parts in India.

Goldiam International

Market Cap: ₹40.1b

Manufactures and sells gold/silver/platinum and diamond studded jewelry products in India.

Cantabil Retail India

Market Cap: ₹21.2b

Engages in designing, manufacturing, branding, and retailing of apparel and apparel accessories in India.

Hind Rectifiers

Market Cap: ₹29.8b

Designs, develops, manufactures, and markets power semiconductors, power electronic equipment, and railway transportation equipment in India and internationally.

SG Mart

Market Cap: ₹44.2b

Trades in building material products in India and internationally.

Vidhi Specialty Food Ingredients

Market Cap: ₹16.2b

Engages in manufacture and trading of synthetic food colors.

Monarch Networth Capital

Market Cap: ₹24.1b

Provides financial services to high-net-worth individuals, mutual funds, institutional investors, foreign institutional investors, financial institutions and corporate clients in India.

AGI Infra

Market Cap: ₹32.5b

Agi Infra Limited, together with its subsidiary, engages in the real estate and construction businesses in India.

3B Blackbio Dx

Market Cap: ₹11.4b

Engages in the design, development, manufacturing, and commercialization of molecular diagnostic solutions for infectious diseases, oncology, human genetics and antimicrobial resistance in India.

Monolithisch India

Market Cap: ₹11.3b

Manufactures, trades in, and supplies ramming mass in India and Nepal.

Enviro Infra Engineers

Market Cap: ₹40.2b

Engages in the design, construction, operation, and maintenance of water and wastewater treatment plants (WWTPs) and water supply scheme projects (WSSPs) for government authorities and bodies in India.

Indo Tech Transformers

Market Cap: ₹17.7b

Manufactures and sells transformers in India and internationally.

DAM Capital Advisors

Market Cap: ₹18.6b

Provides investment banking services.

Gallantt Ispat

Market Cap: ₹133.4b

Engages in manufacture and sale of iron and steel products in India.

Innovana Thinklabs

Market Cap: ₹9.9b

Engages in the software and application development business in India, the United States, Germany, Singapore, Romania and internationally.

United Polyfab Gujarat

Market Cap: ₹10.0b

Manufactures, trades in, and sells woven fabrics and processed yarn products in India.