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

Indian Oil

Market Cap: ₹2.3t

Engages in the oil, gas, petrochemicals, and alternative energy source businesses in India and internationally.

Hindustan Zinc

Market Cap: ₹2.1t

Explores for, extracts, and processes minerals in India, rest of Asia, and internationally.

Hindalco Industries

Market Cap: ₹1.8t

Manufactures and distributes aluminum and copper products in India, the United States, Brazil, South Korea, the United Kingdom, Germany, China, and internationally.

Union Bank of India

Market Cap: ₹1.2t

Provides banking products and services in India.

Indus Towers

Market Cap: ₹1.1t

A telecom infrastructure company, engages in the operation and maintenance of wireless communication towers and related infrastructures for various telecom service providers in India, Nigeria, Uganda, and Zambia.

IDBI Bank

Market Cap: ₹1.0t

Provides banking and financial solutions to retail and corporate customers in India.

General Insurance Corporation of India

Market Cap: ₹669.9b

Provides reinsurance services in India and internationally.

Bank of Maharashtra

Market Cap: ₹438.3b

Provides various banking products and services in India.

Central Bank of India

Market Cap: ₹333.9b

Operates as a commercial bank in India.

Redington

Market Cap: ₹210.1b

Distributes information technology, mobility, and other technology products in India, the Middle East, Turkey, Africa, and South Asian countries.

Chambal Fertilisers and Chemicals

Market Cap: ₹173.0b

Produces and sells fertilizers primarily in India.

Deepak Fertilisers And Petrochemicals

Market Cap: ₹163.4b

Engages in the manufacture, trade, and sale of bulk chemicals in India.

Avanti Feeds

Market Cap: ₹111.6b

Manufactures and sells shrimp feeds in India, Europe, the United States of America, Japan, Korea, China, Russia, Canada, and the Middle East.

Zee Entertainment Enterprises

Market Cap: ₹93.7b

Engages in broadcasting satellite television channels and digital media in India and internationally.

JK Lakshmi Cement

Market Cap: ₹93.2b

Manufactures and supplies cement in India.

KRBL

Market Cap: ₹90.2b

Manufactures and markets rice products in India and internationally.

Gujarat Pipavav Port

Market Cap: ₹88.1b

Engages in the construction, operation, and maintenance of port at Pipavav in Gujarat, India.

Powergrid Infrastructure Investment Trust

Market Cap: ₹86.1b

An infrastructure investment trust, owns, constructs, operates, maintains, and invests in power projects and power transmission assets in India.

Shakti Pumps (India)

Market Cap: ₹73.9b

Engages in the manufacture, trade, and sale of pumps, motors, and their spare parts under the Shakti brand name in India and internationally.

Gujarat Narmada Valley Fertilizers & Chemicals

Market Cap: ₹73.9b

Manufactures and markets fertilizers and chemicals in India and internationally.

Gujarat State Fertilizers & Chemicals

Market Cap: ₹71.3b

Produces and sells fertilizers and chemicals in India.

Epigral

Market Cap: ₹63.5b

Manufactures and sells chlor-alkali and related derivatives in India and internationally.

Gokul Agro Resources

Market Cap: ₹58.6b

Engages in the manufacture and trading of edible and non-edible oils, meals, and other agro products in India.

AGI Greenpac

Market Cap: ₹48.2b

Operates as a packaging products company in India and the United Arab Emirates.

Ashoka Buildcon

Market Cap: ₹45.1b

Engages in the construction business in India.

VST Industries

Market Cap: ₹42.8b

Engages in the manufacturing, trading, and marketing of cigarettes, tobacco, and tobacco products in India and internationally.

Marathon Nextgen Realty

Market Cap: ₹37.7b

Engages in the construction, development, and sale of commercial and residential real estate projects in India.

Aarti Drugs

Market Cap: ₹37.0b

Through its subsidiaries, manufactures and markets active pharmaceutical ingredients (APIs), pharmaceutical intermediates, specialty chemicals, and formulations in India and internationally.

Enviro Infra Engineers

Market Cap: ₹35.6b

Engages in the design, construction, operation, and maintenance of water and wastewater treatment plants (WWTPs) and water supply scheme projects (WSSPs) for government authorities and bodies in India.

MPS

Market Cap: ₹35.2b

Provides platforms and services for content creation, full-service production, and distribution to the publishers, learning companies, corporate institutions, libraries, and content aggregators in India, Europe, the United States, and internationally.

Sandhar Technologies

Market Cap: ₹33.0b

Engages in the manufacturing and assembling of automotive components for the automotive industry in India and internationally.

Insolation Energy

Market Cap: ₹28.3b

Engages in the manufacture and sale of solar panels and modules under INA brand name in India.

Veedol

Market Cap: ₹27.5b

Engages in the manufacturing and marketing of lubricants under the Veedol brand in India.

Federal-Mogul Goetze (India)

Market Cap: ₹26.6b

Manufactures, supply, and distributes automotive components for two/three/four-wheeler automobiles in India and internationally.

Pokarna

Market Cap: ₹26.0b

Engages in the quarrying, manufacturing, processing, and selling of granites in India, China, the United States, and internationally.

Saksoft

Market Cap: ₹24.9b

An information technology company, provides digital transformation solutions in Europe, the United States, the Asia Pacific, and internationally.