Indian Undiscovered Gems With Strong Fundamentals

Diffusion Engineers

Market Cap: ₹13.8b

Manufactures and sells welding consumables, wear plates and parts, and heavy engineering equipment for various industries in India and internationally.

IFB Agro Industries

Market Cap: ₹14.5b

Manufactures and bottling of alcoholic beverages and processed marine food in India and internationally.

Ultramarine & Pigments

Market Cap: ₹12.7b

Engages in the manufacture and sale of pigments and surfactants in India.

Alldigi Tech

Market Cap: ₹13.3b

Provides business process solutions in India and internationally.

V-MARC India

Market Cap: ₹18.6b

Manufactures and markets electrical wires and cables under the V-Marc brand name in India.

Atlanta Electricals

Market Cap: ₹74.3b

Manufactures and sells transformers to institutional and corporate customers in India.

Oswal Agro Mills

Market Cap: ₹8.9b

Engages in the development and trading of real estate properties in India.

Bliss GVS Pharma

Market Cap: ₹17.1b

Engages in the development, manufacturing and marketing of pharmaceutical formulations in India and internationally.

SKM Egg Products Export (India)

Market Cap: ₹11.1b

Produces and sells eggs and egg products in India, Japan, Russia, Europe, and internationally.

Osel Devices

Market Cap: ₹10.9b

Designs, manufactures, and assembles a range of LED display systems to customers across various industries and applications in India.

Honda India Power Products

Market Cap: ₹25.7b

Engages in the manufacture, marketing, and sale of portable generators, water pumps, general purpose engines, lawn mowers, brush cutters, hand tools, portable gensets, tillers, and marine engines in India and internationally.

Kwality Pharmaceuticals

Market Cap: ₹9.9b

Together with its subsidiary, manufactures finished pharmaceutical formulations in India and internationally.

Waaree Renewable Technologies

Market Cap: ₹121.2b

Engages in the generation of power through renewable energy sources in India.

Chennai Petroleum

Market Cap: ₹153.2b

Produces and supplies petroleum products in India.

Kody Technolab

Market Cap: ₹9.2b

Provides robotics and AI solutions in India, the United States, the Middle East, and the Gulf Cooperation Council region.

PNGS Gargi Fashion Jewellery

Market Cap: ₹11.7b

Engages in the trading of fashion and costume jewelry, articles of silver, and other articles in India.

Studds Accessories

Market Cap: ₹21.7b

Designs, manufactures, markets, and sells helmets.

Pondy Oxides And Chemicals

Market Cap: ₹39.8b

Produces and sells lead, lead alloys, and plastic additives in India.

PTC India Financial Services

Market Cap: ₹23.2b

A non-banking finance company, provides project financing services for entire energy value chain through investment and lending into such projects.

Aimtron Electronics

Market Cap: ₹19.4b

Designs and manufactures electronics systems in the United States, India, Spain, and North America.

Bondada Engineering

Market Cap: ₹46.1b

Provides engineering, procurement, and construction, and operations and maintenance services for telecom and solar sectors in India.

Refex Industries

Market Cap: ₹48.4b

Engages in handling and disposal of fly ash in India.

PIX Transmissions

Market Cap: ₹19.9b

Manufactures and sells belts and related mechanical power transmissions products in India and internationally.

Stallion India Fluorochemicals

Market Cap: ₹16.9b

Engages in debulking, blending, and processing of refrigerants and industrial gases in India.

MosChip Technologies

Market Cap: ₹44.0b

A semiconductor and system design company, designs, develops, manufactures, and sells system on chip technologies and Internet on Things solutions in India, North America, and the Asia Pacific.

Rajesh Power Services

Market Cap: ₹24.7b

Provides engineering, procurement, and construction contracting and services to power transmission and distribution utilities companies in India.

ESAB India

Market Cap: ₹81.7b

Manufactures and sells welding and cutting equipment and consumables in India and internationally.

Krishna Defence and Allied Industries

Market Cap: ₹11.9b

Engages in the designing, developing, and manufacturing range of equipment for defence, security, dairy, and kitchen verticals in India.

Kalyani Steels

Market Cap: ₹35.1b

Manufactures and sells iron and steel products.

Algoquant Fintech

Market Cap: ₹18.1b

Engages in the trading of financial instruments in India.

Accelya Solutions India

Market Cap: ₹20.1b

Engages in the provision of software solutions to the airline, cargo, and travel industries in the Asia Pacific, the Middle East, Africa, the Americas, and Europe.

Advait Energy Transitions

Market Cap: ₹19.4b

Provides products and solutions for power transmission, substation, and telecommunication infrastructure sectors in India and internationally.

Anand Rathi Share and Stock Brokers

Market Cap: ₹46.0b

Provides financial services in India and internationally.

Ashapura Minechem

Market Cap: ₹65.9b

Ashapura Minechem Limited is involved in the mining, manufacturing, and trading of various minerals and its derivative products in India and internationally.

Sree Rayalaseema Hi-Strength Hypo

Market Cap: ₹9.0b

Produces and sells industrial chemicals in India.

India Tourism Development

Market Cap: ₹51.0b

Operates in the travel, tourism, and hospitality industry in India.