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

E Factor Experiences

Market Cap: ₹3.5b

Provides events services in India.

Systango Technologies

Market Cap: ₹3.4b

Provides software solutions in India, the United Kingdom, and the United States.

Akme Fintrade (India)

Market Cap: ₹3.3b

A non-banking financial company, provides lending services in India.

Shera Energy

Market Cap: ₹3.3b

Engages in the manufacture and supply of winding wires and strips made primarily of copper and aluminum in India.

Baroda Rayon

Market Cap: ₹3.3b

Engages in the development of real estate properties in India.

Madhav Infra Projects

Market Cap: ₹3.1b

Engages in the development, construction, operation, and maintenance of infrastructure projects in India.

Pritika Auto Industries

Market Cap: ₹3.0b

Manufactures and sells tractor and automobile components in India.

Pune E - Stock Broking

Market Cap: ₹3.0b

Provides stock broking, pro trading, and depository services in India.

Niraj Cement Structurals

Market Cap: ₹2.9b

Niraj Cement Structurals Limited executes various civil construction and infrastructure projects in India.

Sicagen India

Market Cap: ₹2.9b

Engages in the trade and distribution of building materials in India and internationally.

Cash UR Drive Marketing

Market Cap: ₹2.8b

Operates as an out of home advertising company in India.

Jeyyam Global Foods

Market Cap: ₹2.7b

Manufactures and supplies pulses, fried grams, and other food products under the Jeyyam brand in India.

M.K. Exim (India)

Market Cap: ₹2.7b

Engages in the manufacture and sale of fabrics, garments, home textiles, and jewelry products in India.

Unihealth Hospitals

Market Cap: ₹2.7b

Provides healthcare services in India, Uganda, Nigeria, Tanzania, and the United Arab Emirates.

IL&FS Investment Managers

Market Cap: ₹2.6b

A private equity, venture capital, infrastructure and real estate investment firm specializing in seed capital, late venture, growth capital, expansions, middle market, restructuring, stressed assets, recapitalizations, buyouts investments, and real estate investments in high-growth real estate assets including office, residential, retail, integrated townships, special economic zones, hospitality, and mixed-use properties.

Pratham EPC Projects

Market Cap: ₹2.5b

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

Dev Information Technology

Market Cap: ₹2.4b

Provides information technology enabled services in India and internationally.

Rossell India

Market Cap: ₹2.4b

Engages in the cultivation, manufacture, and sale of tea primarily in India.

Star Imaging and Path Lab

Market Cap: ₹2.4b

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

Mahalaxmi Rubtech

Market Cap: ₹2.3b

Engages in the manufacture and marketing of traditional textile, and polymer based technical textile and rubber products in India.

Narmada Gelatines

Market Cap: ₹2.3b

Manufactures and sells gelatine and related products in India and internationally.

Cords Cable Industries

Market Cap: ₹2.3b

Engages in the design, development, manufacture, and sale of power, control, instrumentation, thermocouple extension/compensating, and communication cables in India.

Winsol Engineers

Market Cap: ₹2.3b

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

HVAX Technologies

Market Cap: ₹2.2b

Engages in the design, engineering, and execution of cleanrooms and controlled environments in India, the rest of Asia, the Middle East, and Africa.

Ashapuri Gold Ornament

Market Cap: ₹2.1b

Engages in the manufacture, wholesale, and sale of gold jewelry in India.

Madhusudan Masala

Market Cap: ₹2.1b

Processes and manufactures spices under the DOUBLE HATHI and MAHARAJA brands in India.

Premier Roadlines

Market Cap: ₹1.9b

Provides logistics solutions to businesses primarily in India.

Aeron Composite

Market Cap: ₹1.9b

Engages in the manufacturing and supplying of fibre glass reinforced polymer plastic products for industrial and recreational use in India and internationally.

Him Teknoforge

Market Cap: ₹1.9b

Engages in the manufacture, marketing, distribution, and sale of automotive, non-automotive, and engineering components in India and internationally.

Winsome Textile Industries

Market Cap: ₹1.9b

Manufactures and sells yarns and fabrics for knitting and weaving in India.

Shree OSFM E-Mobility

Market Cap: ₹1.8b

Engages in the vehicle rental primarily in India.

TBI Corn

Market Cap: ₹1.8b

Operates in the corn milling industry in India.

PRO FX Tech

Market Cap: ₹1.8b

Distributes audio-video (AV) products in India.

Ducon Infratechnologies

Market Cap: ₹1.8b

A fossil fuel/clean coal technology company, provides solutions in the fields of flue gas desulphurization (FGD) systems and material handling systems in India.

Royal Arc Electrodes

Market Cap: ₹1.8b

Engages in the manufacture and supply of welding consumables in India.

Kaytex Fabrics

Market Cap: ₹1.7b

Manufactures and sells textile products in India.