Indian Undiscovered Gems With Strong Fundamentals

Caplin Point Laboratories

Market Cap: ₹144.9b

Engages in the development, production, marketing, and export of generic formulations and branded products in India.

Dalmia Bharat Sugar and Industries

Market Cap: ₹24.3b

Engages in the sugar business in India and internationally.

EFC (I)

Market Cap: ₹29.8b

Engages in real estate leasing business in India.

HEG

Market Cap: ₹100.4b

Manufactures and sells graphite electrodes in India and internationally.

Sky Gold and Diamonds

Market Cap: ₹49.5b

Designs, manufactures, assembles, cuts, polishes, markets, and sells gold and silver jewelry in India.

Infibeam Avenues

Market Cap: ₹55.5b

Engages in the provision of digital payment solutions and enterprise software platforms for merchants, enterprises, governments and banks.

ICRA

Market Cap: ₹59.3b

Operates as an independent and professional investment information, and credit rating agency in India and internationally.

Paradeep Phosphates

Market Cap: ₹158.4b

Manufactures, trades, distributes, and sells urea and complex fertilizers in India.

KSB

Market Cap: ₹128.8b

Manufactures and sells power-driven pumps and industrial valves in India and internationally.

L.G. Balakrishnan & Bros

Market Cap: ₹57.5b

Manufactures and sells chains, sprockets, and metal formed parts for automotive and industrial applications in India and internationally.

Black Box

Market Cap: ₹88.1b

Provides information and communications technology solutions in India, the United States, and internationally.

Hi-Tech Pipes

Market Cap: ₹18.5b

Manufactures and sells steel in India.

Ajax Engineering

Market Cap: ₹67.4b

Manufactures and sells self-loading concrete mixers, concrete batching plants, and concrete pumps in India and internationally.

Dollar Industries

Market Cap: ₹20.5b

Manufactures and sells hosiery products in knitted inner wears, casual wears, and thermal wears in India.

Orient Cement

Market Cap: ₹33.0b

Manufactures and sells cement in India.

Swaraj Engines

Market Cap: ₹43.3b

Manufactures and sells diesel engines and its engine components, hi-tech engine, and spare parts for tractors in India.

S.P. Apparels

Market Cap: ₹17.6b

Manufactures and exports knitted garments for infants and children in India and internationally.

Brigade Hotel Ventures

Market Cap: ₹27.1b

Engages in the hospitality business in India.

Gabriel India

Market Cap: ₹156.6b

Manufactures and sells of ride control products to the automotive industry in India, the Netherlands, and internationally.

Avanti Feeds

Market Cap: ₹116.6b

Manufactures and sells shrimp feeds in India, Europe, the United States of America, Japan, Korea, China, Russia, Canada, and the Middle East.

Privi Speciality Chemicals

Market Cap: ₹118.4b

Engages in the manufacture, supply, and export of aroma and fragrance chemicals in India, North America, Asia, the Middle East, Africa, Europe, South America, and the United Kingdom.

Engineers India

Market Cap: ₹109.3b

An engineering consultancy company, provides design, engineering, procurement, construction, and integrated project management services for oil, gas, fertilizers, steel, railways, power, infrastructure, and petrochemical industries worldwide.

Elecon Engineering

Market Cap: ₹105.8b

Manufactures and sells Industrial Gears and Material Handling Equipment in India and internationally.

Transformers and Rectifiers (India)

Market Cap: ₹84.6b

Manufactures and sells transformers in India.

Borosil

Market Cap: ₹34.1b

Manufactures, sells, and trades in consumer ware products in India.

Zaggle Prepaid Ocean Services

Market Cap: ₹46.8b

Zaggle Prepaid Ocean Services Limited builds financial products and solutions to manage the business expenses of corporates, small and medium-sized enterprises, and startups through automated workflows.

Man Industries (India)

Market Cap: ₹29.7b

Manufactures, processes, sells, and trades in submerged arc-welded pipes and steel products in India.

IFB Industries

Market Cap: ₹62.9b

Manufactures and trades in home appliances in India and internationally.

Ellenbarrie Industrial Gases

Market Cap: ₹48.1b

Manufactures and supplies industrial gases in India and internationally.

Belrise Industries

Market Cap: ₹138.8b

Manufactures and sells automotive parts and components of two-wheeler, three-wheeler and four-wheeler passenger and commercial vehicles in India.

Chambal Fertilisers and Chemicals

Market Cap: ₹176.4b

Produces and sells fertilizers primarily in India.

GHCL

Market Cap: ₹51.9b

Manufactures and trading of inorganic chemicals in India and internationally.

BEML

Market Cap: ₹138.9b

Provides products and services to the mining and construction, rail and metro, power, and defense and aerospace sectors in India.

Akzo Nobel India

Market Cap: ₹141.7b

Manufactures, distributes, and sells paints and coatings in India and internationally.

Tilaknagar Industries

Market Cap: ₹110.1b

Engages in the manufacture and sale of Indian made foreign liquor and its related products in India.

Raymond Lifestyle

Market Cap: ₹61.7b

Manufactures and sells branded apparel in India.