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

Hindustan Zinc

Market Cap: ₹1.8t

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

Hindalco Industries

Market Cap: ₹1.4t

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

Chambal Fertilisers and Chemicals

Market Cap: ₹278.5b

Produces and sells fertilizers primarily in India.

Welspun

Market Cap: ₹200.6b

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

Jai Balaji Industries

Market Cap: ₹108.7b

Manufactures and markets iron and steel products primarily in India.

MOIL

Market Cap: ₹69.1b

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

Gulf Oil Lubricants India

Market Cap: ₹58.6b

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

Goodluck India

Market Cap: ₹23.6b

Manufactures and supplies precision engineering and steel products in India.

Mayur Uniquoters

Market Cap: ₹19.6b

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

Agarwal Industrial

Market Cap: ₹14.6b

Engages in manufactures and trades petrochemicals in India and internationally.

I G Petrochemicals

Market Cap: ₹12.9b

Engages in the manufacture and sale of organic chemicals in India and internationally.

BMW Industries

Market Cap: ₹10.4b

Manufactures, processes, and sells steel products primarily in India.

Shree Pushkar Chemicals & Fertilisers

Market Cap: ₹7.6b

Manufactures and trades in chemicals, dyes and dyes intermediate, cattle feeds, fertilizers, and soil conditioners in India.

Kamdhenu

Market Cap: ₹7.5b

Engages in the manufacture, marketing, and distribution of thermo mechanical treatment (TMT) bars, structural steel, and allied products under the Kamdhenu brand name in India.

Jayant Agro-Organics

Market Cap: ₹7.0b

An oleochemical company, engages in the manufacturing and trading of castor oil and its derivatives worldwide.

Ratnaveer Precision Engineering

Market Cap: ₹6.8b

Engages in the manufacture, export, and supply of stainless-steel products in India and internationally.

MMP Industries

Market Cap: ₹6.2b

Manufactures, sells, distributes, and trades aluminium products in India.

Keltech Energies

Market Cap: ₹3.3b

Manufactures and sells cartridge explosives, bulk emulsion explosives, mono methyl amine nitrate (MMAN) solutions, expanded perlite products, perlite filter aids, and accessories for explosives in India and internationally.

Alufluoride

Market Cap: ₹3.3b

Manufactures and sells aluminum fluoride and related products to aluminum smelters in India.

Worth Peripherals

Market Cap: ₹2.3b

Manufactures and sells corrugated boxes in India.

Gujarat Intrux

Market Cap: ₹1.6b

Manufactures and supplies stainless, non-alloy, and alloy steel castings in India.

Century Extrusions

Market Cap: ₹1.5b

Manufactures and sells aluminum extrusion products in India.

B & A Packaging India

Market Cap: ₹1.4b

Engages in the manufacture and sale of paper sacks and flexible laminates in India.

Vaswani Industries

Market Cap: ₹1.2b

Engages in the manufacture and trading of iron and steel products in India.

Deepak Chemtex

Market Cap: ₹1.2b

Engages in the manufacture and sale of colorants in India.

Cubex Tubings

Market Cap: ₹1.1b

Manufactures and sells copper and copper based alloy products in India and internationally.

Kanishk Steel Industries

Market Cap: ₹1.0b

Manufactures and supplies iron and steel products under the KANISHK STEELS brand in India.

Bhagwati Autocast

Market Cap: ₹956.5m

Engages in the production and sale of grey iron and ductile iron castings in India.

Srivasavi Adhesive Tapes

Market Cap: ₹871.7m

Engages in the manufacture and sale of various adhesive tapes, die-cuts, and labels in India and internationally.

Archit Organosys

Market Cap: ₹835.2m

Manufactures and trades in chemical products in India and internationally.

Three M Paper Boards

Market Cap: ₹755.1m

Engages in manufacturing and sale of recycled paper-based duplex board products in India and internationally.

Unilex Colours and Chemicals

Market Cap: ₹646.1m

Manufactures and sells pigment, dyes, and food colors in India.

Teesta Agro Industries

Market Cap: ₹643.9m

Manufactures and markets fertilizers in India.

D.K. Enterprises Global

Market Cap: ₹503.0m

Together with its subsidiary, engages in the manufacture and sale of paper-based packing materials, self-adhesive tapes, and laminated products in India.

Southern Magnesium and Chemicals

Market Cap: ₹435.0m

Manufactures and sells magnesium metal in India.

Ashirwad Steels & Industries

Market Cap: ₹402.3m

Engages in the investment and lending business in India.