Indian Materials High Return On Equity, Low Debt

National Aluminium

Market Cap: ₹699.8b

Engages in the manufacture and sale of alumina and aluminum products in India and internationally.

Knack Packaging

Market Cap: ₹25.4b

Operates as a packaging solutions provider.

Zuari Agro Chemicals

Market Cap: ₹9.5b

Engages in manufacturing, trading, and marketing of chemical fertilizers and fertilizer products in India.

Devson Catalyst

Market Cap: ₹3.3b

Manufactures and sells catalysts, adsorbents, and ceramic bed supports in global markets.

Nidhi Granites

Market Cap: ₹2.4b

Manufactures and trades in granite and marble slabs, tiles, and sandstone and limestone products in India.

RFBL Flexi Pack

Market Cap: ₹2.0b

Engages in the manufacturing and trading of printed multilayer adhesive laminated flexible plastic packaging materials in India.

Shree Krishna Paper Mills & Industries

Market Cap: ₹1.4b

Engages in the manufacture and sale of paper and paper products in India and internationally.

Atharva Poly-Plast

Market Cap: ₹1.3b

Manufactures plastic moulded components for the furniture, home appliance, and automotive sectors.

Utkal Speciality Industries India

Market Cap: ₹858.5m

Engages in the manufacturing of paper-based products and packaging materials in India.

Polychem

Market Cap: ₹822.2m

Together with its subsidiary, engages in the specialty chemicals and property development businesses in India and internationally.

Vahh Chemicals

Market Cap: ₹436.1m

Manufactures and trades textile auxiliary chemicals.

Jivial Industries

Market Cap: ₹394.5m

Engages in the manufacturing and trading of aluminum and stainless-steel components used in railing systems in India.

Bombay Wire Ropes

Market Cap: ₹241.5m

Does not have significant operations.

Bhagawati Oxygen

Market Cap: ₹88.4m

Manufactures and supplies industrial gases in India.

Hindusthan Udyog

Market Cap: ₹20.5m

Manufactures and sells alloy and stainless-steel castings in India.