Indian Retail High Return On Equity, Low Debt

D. P. Abhushan

Market Cap: ₹21.2b

Engages in the manufacturing, sale, and trading of gold, diamond, platinum, silver jewellery, and other precious metals in India.

Encompass Design India

Market Cap: ₹3.3b

Manufactures and sells home, lifestyle, and food products.

Osiajee Texfab

Market Cap: ₹2.2b

Together with its subsidiary, trades in textile products in India.

Mehul Telecom

Market Cap: ₹1.0b

Operates as a multi-brand retailer of smartphones, accessories, and gadgets.

Panth Infinity

Market Cap: ₹662.5m

Engages in the trading of precious metals, jewelries, and stones in India.

MKP Mobility

Market Cap: ₹391.1m

Distributes and exports automobile spare parts and lubricants in India and internationally.