Indian Strong Past Earnings Growth, P/E Ratio Below 20

Life Insurance Corporation of India

Market Cap: ₹4.9t

Provides life insurance products in India, Fiji, Mauritius, and the United Kingdom.

Kotak Mahindra Bank

Market Cap: ₹4.2t

Provides a range of banking and financial services to corporate and individual customers in India.

Hindalco Industries

Market Cap: ₹1.3t

Produces and sells aluminum and copper products in India and internationally.

Bajaj Holdings & Investment

Market Cap: ₹1.3t

Operates as a non-banking financial institution-investment and credit company in India.

Union Bank of India

Market Cap: ₹899.5b

Provides various banking products and services.

IDBI Bank

Market Cap: ₹854.7b

Engages in the provision of banking and financial solutions to retail and corporate clients in India.

Indian Bank

Market Cap: ₹721.7b

Provides various banking products and services.

Aurobindo Pharma

Market Cap: ₹628.7b

A biopharmaceutical company, engages in the manufacture of generic formulations and active pharmaceutical ingredients in India, the United States of America, Europe, Puerto Rico, and internationally.

Oil India

Market Cap: ₹583.8b

Engages in the exploration, development, and production of crude oil and natural gas in India.

Bank of Maharashtra

Market Cap: ₹351.2b

Provides various banking products and services in India.

Central Bank of India

Market Cap: ₹298.9b

Operates as a commercial bank in India.

Chambal Fertilisers and Chemicals

Market Cap: ₹258.5b

Produces and sells fertilizers primarily in India.

Angel One

Market Cap: ₹204.5b

Provides broking and advisory services, margin funding, loans against shares, and financial products to its clients in India.

Welspun

Market Cap: ₹198.9b

Manufactures, sells, and distributes steel pipes, tubes, bars, coils, and plates in India, the United States, Saudi Arabia, and internationally.

Aditya Birla Sun Life AMC

Market Cap: ₹180.3b

Aditya Birla Sun Life AMC Limited is privately owned investment manager.

Amara Raja Energy & Mobility

Market Cap: ₹178.5b

Manufactures and sells lead-acid storage batteries for industrial and automotive applications in India and internationally.

Karur Vysya Bank

Market Cap: ₹168.7b

Provides various banking and financial services for personal and corporate customers in India.

Jindal Saw

Market Cap: ₹157.1b

Engages in the manufacture and supply of iron and steel pipes and pellets in India and internationally.

NATCO Pharma

Market Cap: ₹138.9b

A pharmaceutical company, engages in the developing, manufacturing, and marketing of finished dosage formulations, active pharmaceutical ingredients (APIs), and intermediates in India, the United States, and internationally.

Vardhman Textiles

Market Cap: ₹133.1b

Manufactures, purchases, and sells textiles and fibres in India and internationally.

NCC

Market Cap: ₹131.7b

Engages in the construction business in India and internationally.

Jai Balaji Industries

Market Cap: ₹119.8b

Manufactures and markets iron and steel products primarily in India.

Jammu and Kashmir Bank

Market Cap: ₹100.4b

Provides various banking products and services.

Ganesh Housing

Market Cap: ₹84.6b

Engages in the real estate and construction businesses in India.

Shipping Corporation of India

Market Cap: ₹80.0b

A marginal liner shipping company, engages in business of transporting goods in India.

Mastek

Market Cap: ₹68.0b

Engages in the provision of enterprise technology solutions in India, the United Kingdom, Europe, North America, Middle East region, South-east Asia, India, Singapore, Australia, and internationally.

MOIL

Market Cap: ₹62.3b

Engages in the exploration, development, and marketing of various grades of manganese ores in India.

Electrosteel Castings

Market Cap: ₹58.7b

Manufactures and supplies ductile iron (DI) pipes, ductile iron fittings (DIF) and accessories, and cast iron (CI) pipes in India and internationally.

Ahluwalia Contracts (India)

Market Cap: ₹57.7b

Operates as an engineering, procurement, and construction company in India.

Gulf Oil Lubricants India

Market Cap: ₹55.8b

Manufactures, markets, and trades lubricating oils, greases, and other derivatives for use in the automobile and industrial sectors in India.

J. Kumar Infraprojects

Market Cap: ₹52.5b

Engages in the construction business in India.

Banco Products (India)

Market Cap: ₹48.0b

Engages in the manufacture and sale of heat exchangers/cooling systems in India and internationally.

Ceigall India

Market Cap: ₹44.4b

Operates as an infrastructure construction company in India.

D. B

Market Cap: ₹42.2b

Engages in newspaper printing and publishing, radio broadcasting, and provision of news digital platforms for news and event management businesses in India and internationally.

Fiem Industries

Market Cap: ₹35.9b

Manufactures and supplies automotive lighting and signaling equipment, rear view mirrors, and sheet metal and plastic parts in India and internationally.

EMS

Market Cap: ₹35.8b

EMS Limited constructs, designs, and installs water, wastewater, and domestic waste treatment facilities in India.