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

Wipro

Market Cap: ₹2.6t

Operates as an information technology (IT), consulting, and business process services company worldwide.

Hindustan Zinc

Market Cap: ₹1.9t

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

Punjab National Bank

Market Cap: ₹1.2t

Provides various banking and financial products and services in India and internationally.

Union Bank of India

Market Cap: ₹1.0t

Provides banking products and services in India.

IDBI Bank

Market Cap: ₹1.0t

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

Indus Towers

Market Cap: ₹947.6b

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.

General Insurance Corporation of India

Market Cap: ₹656.6b

Provides reinsurance services in India and internationally.

Bank of Maharashtra

Market Cap: ₹421.3b

Provides various banking products and services in India.

UCO Bank

Market Cap: ₹369.2b

Provides various banking and financial services in India and internationally.

Central Bank of India

Market Cap: ₹331.9b

Operates as a commercial bank in India.

Chambal Fertilisers and Chemicals

Market Cap: ₹215.9b

Produces and sells fertilizers primarily in India.

Redington

Market Cap: ₹188.7b

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

Powergrid Infrastructure Investment Trust

Market Cap: ₹88.2b

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

Gujarat State Fertilizers & Chemicals

Market Cap: ₹81.6b

Produces and sells fertilizers and chemicals in India.

Sandur Manganese & Iron Ores

Market Cap: ₹77.9b

Together with its subsidiary, engages in the mining of manganese and iron ores in Deogiri village of Ballari District, Karnataka.

Mastek

Market Cap: ₹76.0b

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.

Ganesh Housing

Market Cap: ₹72.5b

Engages in the real estate and construction businesses in India.

Just Dial

Market Cap: ₹72.4b

Engages in the search engine business in India.

Ashapura Minechem

Market Cap: ₹60.6b

Ashapura Minechem Limited is involved in the mining, manufacturing, and trading of various minerals and its derivative products in India and internationally.

AGI Greenpac

Market Cap: ₹55.3b

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

Orient Cement

Market Cap: ₹45.7b

Manufactures and sells cement in India.

Veedol

Market Cap: ₹33.3b

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

Brightcom Group

Market Cap: ₹31.9b

Provides digital marketing solutions to businesses, agencies, and online publishers worldwide.

Man Industries (India)

Market Cap: ₹31.2b

Manufactures, processes, sells, and trades in submerged arc-welded pipes and steel products in India.

Federal-Mogul Goetze (India)

Market Cap: ₹30.9b

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

Dalmia Bharat Sugar and Industries

Market Cap: ₹30.2b

Engages in the sugar business in India and internationally.

Capacit'e Infraprojects

Market Cap: ₹25.6b

Engages in the engineering, procurement, and construction business in India.

Insecticides (India)

Market Cap: ₹22.4b

Manufactures and sells agrochemicals, pesticides, and technical products in India and internationally.

Southern Petrochemical Industries

Market Cap: ₹21.7b

Engages in the manufacture and sale of fertilizers in India and internationally.

Accelya Solutions India

Market Cap: ₹21.1b

Engages in the provision of software solutions to the airline, cargo, and travel industries in the Asia Pacific, the Middle East, Africa, the Americas, and Europe.

Rashi Peripherals

Market Cap: ₹19.8b

Operates as a distribution partner for information and communications technology (ICT) products of various brands in India.

PIX Transmissions

Market Cap: ₹19.6b

Manufactures and sells belts and related mechanical power transmissions products in India and internationally.

Nitin Spinners

Market Cap: ₹18.9b

Manufactures and sells cotton and blended yarns, knitted fabrics, and finished woven fabrics in India and internationally.

Bliss GVS Pharma

Market Cap: ₹16.0b

Engages in the development, manufacturing and marketing of pharmaceutical formulations in India and internationally.

HMA Agro Industries

Market Cap: ₹15.3b

Manufactures and exports frozen buffalo meat and related products in India, Vietnam, Indonesia, Hong Kong, Malaysia, Egypt, and internationally.

GPT Infraprojects

Market Cap: ₹15.1b

GPT Infraprojects Limited, together with its subsidiaries, carries out civil and infrastructure projects in India and internationally.