Indian High Return On Equity, Low Debt

Brady & Morris Engineering

Market Cap: ₹2.6b

Manufactures and sells cranes and material handling equipment in India.

Kore Digital

Market Cap: ₹2.5b

Engages in the provision of telecommunication infrastructure services in India.

Suditi Industries

Market Cap: ₹2.5b

Processes, manufactures, and sells knitted hosiery fabrics and readymade garments primarily in India.

Cash UR Drive Marketing

Market Cap: ₹2.5b

Operates as an out of home advertising company in India.

Hindustan Organic Chemicals

Market Cap: ₹2.3b

Manufactures and sells bulk industrial chemicals and chemical intermediates in India.

Star Imaging and Path Lab

Market Cap: ₹2.3b

Operates as a diagnostic testing network and provides diagnostic imaging services and clinical laboratory tests in India.

B.A.G. Convergence

Market Cap: ₹2.2b

Operates as a digital media and technology company in India.

Chatterbox Technologies

Market Cap: ₹2.2b

Engages in the provision of digital and influencer marketing, and social media management services in India.

Infinity Infoway

Market Cap: ₹2.0b

A Software as a Service company, provides integrated online ERP software for manufacturing, education, retail, construction, supply chain and customer relationship management, sales force, and other industries in India and internationally.

Chemkart India

Market Cap: ₹2.0b

Engages in the trading of various food and health ingredients in India.

Optivalue Tek Consulting

Market Cap: ₹2.0b

Provides managed services and information technology (IT) solutions.

Jainik Power Cables

Market Cap: ₹1.9b

Produces and sells aluminum wire rods to commercial grade and electrical conductivity in India.

Ace Alpha Tech

Market Cap: ₹1.9b

Engages in providing a range of outsourcing and information technology-enabled services in India and internationally.

Lakhotia Polyesters (India)

Market Cap: ₹1.9b

Engages in the manufacture and sale of metallic yarns and textile fabrics in India and internationally.

Manas Properties

Market Cap: ₹1.6b

Manas Properties Limited engages in the construction, development, and leasing of properties in India.

Smarten Power Systems

Market Cap: ₹1.6b

Together with its subsidiary, engages in the designing and assembling of power back-up and advanced solar power products for residential and commercial facilities under the Smarten brand name.

Osiajee Texfab

Market Cap: ₹1.6b

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

PRO FX Tech

Market Cap: ₹1.6b

Distributes audio-video (AV) products in India.

Globus Power Generation

Market Cap: ₹1.5b

A clean energy company, engages in the acquisition of a portfolio of wind/biomass/solar power plants in India.

Genesis IBRC India

Market Cap: ₹1.4b

Does not have significant operations.

ShreeOswal Seeds and Chemicals

Market Cap: ₹1.4b

Produces, processes, and supplies various agricultural seeds in India.

Kaytex Fabrics

Market Cap: ₹1.2b

Manufactures and sells textile products in India.

Telge Projects

Market Cap: ₹1.2b

Engages in offering engineering design services.

ARC Insulation & Insulators

Market Cap: ₹1.2b

Manufactures and supplies glass fiber reinforced polymers (GFRP) and fiber reinforced polymers (FRP) products in India.

HyperSoft Technologies

Market Cap: ₹1.1b

Develops various turnkey web and windows applications, database applications, web application services, and web-commerce sites for individual clients in India and internationally.

Studio LSD

Market Cap: ₹1.0b

Operates as a multimedia production house.

Synthiko Foils

Market Cap: ₹1.0b

Engages in the manufacture and supply of aluminum packaging foils products in India.

Mehul Colours

Market Cap: ₹917.8m

Manufactures and exports masterbatches in India and internationally.

Snehaa Organics

Market Cap: ₹875.4m

Engages in handling, purification, and recycling of solvents in India.

Praruh Technologies

Market Cap: ₹856.7m

Provides information technology (IT) consultancy, ICT system integration, networking, IT training, and other related services in India and internationally.

Rama Telecom

Market Cap: ₹846.7m

Provides customized end to end networking solutions in the telecom and datacom industries.

Asston Pharmaceuticals

Market Cap: ₹795.5m

Manufactures pharmaceutical products in India, West Africa, South Africa, and Asian countries.

Starlog Enterprises

Market Cap: ₹790.4m

Operates port and infrastructure facilities in India.

Icodex Publishing Solutions

Market Cap: ₹790.0m

Provides software solutions to the scholarly and academic publishing industries in India.

Silky Overseas

Market Cap: ₹776.9m

Manufactures and sells blankets in India.

Repono

Market Cap: ₹773.5m

Provides operations and maintenance, consultancy, design and engineering, transportation, and specialized warehousing services in India and internationally.