Indian Undiscovered Gems With Strong Fundamentals

S.P. Apparels

Market Cap: ₹19.7b

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

Engineers India

Market Cap: ₹112.5b

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.

R Systems International

Market Cap: ₹48.5b

A digital product engineering company, designs and builds chip-to-cloud software products and platforms.

Transformers and Rectifiers (India)

Market Cap: ₹95.5b

Manufactures and sells transformers in India.

Elecon Engineering

Market Cap: ₹120.2b

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

Zaggle Prepaid Ocean Services

Market Cap: ₹52.8b

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.

Borosil

Market Cap: ₹40.0b

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

Strides Pharma Science

Market Cap: ₹87.0b

Develops, manufactures, and sells pharmaceutical products in Africa, Australia, North America, Europe, Asia, and internationally.

Man Industries (India)

Market Cap: ₹32.0b

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

Ellenbarrie Industrial Gases

Market Cap: ₹62.1b

Manufactures and supplies industrial gases in India and internationally.

IFB Industries

Market Cap: ₹71.5b

Manufactures and trades in home appliances in India and internationally.

Shilpa Medicare

Market Cap: ₹74.2b

Manufactures and sells active pharmaceutical ingredients (APIs), finished dosage formulations, biosimilars, and contract development and manufacturing organisation in India, the United States, Europe, and internationally.

Raymond Lifestyle

Market Cap: ₹68.5b

Manufactures and sells branded apparel in India.

Akzo Nobel India

Market Cap: ₹153.0b

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

BEML

Market Cap: ₹167.5b

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

Tilaknagar Industries

Market Cap: ₹101.5b

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

Thyrocare Technologies

Market Cap: ₹83.0b

Provides diagnostic testing services to patients, laboratories, and hospitals in India.

Alkyl Amines Chemicals

Market Cap: ₹90.7b

Manufactures and supplies amines, amine derivatives, and other specialty chemicals in India and internationally.

Fiem Industries

Market Cap: ₹58.8b

Manufactures and supplies automotive lighting and signaling equipment, rear view mirrors, prismatic mirror, plastic moulded parts, bank angle sensor, canister, and sheet metal components for motorized vehicles in India and internationally.

Protean eGov Technologies

Market Cap: ₹34.5b

Provides information technology (IT) enabled e-governance services in India.

Latent View Analytics

Market Cap: ₹101.0b

Provides business analytics, consulting services, data engineering, generative AI, and digital solutions in India, the United States, Singapore, the United Kingdom, and the Netherlands.

Tanla Platforms

Market Cap: ₹81.0b

Provides cloud communication platforms as a service solution to enterprises in India and internationally.

Cemindia Projects

Market Cap: ₹141.7b

Provides construction and civil engineering contracting services in India.

Tips Music

Market Cap: ₹62.7b

Engages in the acquisition and exploitation of music rights in India and internationally.

N Gadgil Jewellers

Market Cap: ₹87.2b

Engages in the retail sale of gems, diamonds, semi-precious stones, and jewellery products in India and the United States.

Dodla Dairy

Market Cap: ₹72.7b

Engages in the production and sale of milk and value-added dairy products in India and internationally.

Rolex Rings

Market Cap: ₹30.1b

Manufactures and sell of forged and machined bearing rings, and automotive components in India and internationally.

Ajax Engineering

Market Cap: ₹71.6b

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

Entero Healthcare Solutions

Market Cap: ₹48.8b

Engages in the distribution and marketing of pharmaceutical, surgical products and other allied services in India.

Subros

Market Cap: ₹58.4b

Engages in the manufacture and sale of thermal products for automotive applications in India.

MTAR Technologies

Market Cap: ₹80.8b

Manufactures and sells high precision, heavy equipment, components, and machines in India and internationally.

INOX India

Market Cap: ₹109.0b

Manufactures and supplies cryogenic liquid storage and transport tanks for gas companies and engineering, procurement, and construction (EPC) companies in India and internationally.

Juniper Hotels

Market Cap: ₹55.3b

Provides hotel services in India.

GHCL

Market Cap: ₹62.1b

Manufactures and trading of inorganic chemicals in India and internationally.

S.J.S. Enterprises

Market Cap: ₹55.2b

Designs, develops, manufactures, sells, and exports decorative aesthetics primarily to automotive and consumer appliance industries in India and internationally.

Nitin Spinners

Market Cap: ₹18.8b

Manufactures and sells cotton and blended yarns, knitted fabrics, and finished woven fabrics in India and internationally.