Indian Tech High Return On Equity, Low Debt

Centum Electronics

Market Cap: ₹52.5b

Designs, manufactures, exports, and sells electronic products in India, the United Kingdom, Canada, France, Belgium, Europe, North America, and internationally.

Shilchar Technologies

Market Cap: ₹51.0b

Engages in the manufacture and sale of transformers and parts in India.

Kernex Microsystems (India)

Market Cap: ₹35.7b

Engages in the manufacture and sale of safety systems and software services for railways in India and internationally.

Purple Wave Infocom

Market Cap: ₹1.0b

Designs, integrates, manages & supports on site and cloud-based communication and collaboration in India.