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

Jinkushal Industries

Market Cap: ₹4.5b

Jinkushal Industries Private Limited operates as a trading and distributors company.

Keltech Energies

Market Cap: ₹4.4b

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.

Dhabriya Polywood

Market Cap: ₹4.3b

Engages in the manufacture and supply of poly vinyl chloride (PVC) and unplasticized poly vinyl chloride (uPVC) products in India.

Rubfila International

Market Cap: ₹4.3b

Manufactures and sells rubber threads in India, rest of Asia, Europe, Africa, and America.

Magna Electro Castings

Market Cap: ₹4.3b

Engages in the manufacture and sale of cast iron components in India and internationally.

Fluidomat

Market Cap: ₹4.1b

Manufactures and sells a range of fixed speed and variable speed fluid couplings for industrial and automotive drives in India.

Varvee Global

Market Cap: ₹4.0b

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

Nila Infrastructures

Market Cap: ₹3.9b

Nila Infrastructures Limited constructs and develops infrastructure and real estate projects in India.

Neptune Petrochemicals

Market Cap: ₹3.8b

Manufactures, sells, and trades in bitumen-related products in India, Nepal, Bhutan, and Bangladesh.

Monarch Surveyors and Engineering Consultants

Market Cap: ₹3.6b

Provides consultancy services for infrastructure projects in India and internationally.

Freshara Agro Exports

Market Cap: ₹3.4b

Engages in producing and exporting processed pickles, preserved gherkins, and related products in India, Russia, Spain, Iraq, Chile, Italy, and internationally.

Talbros Engineering

Market Cap: ₹3.4b

Manufactures and sells rear axle shafts for automobile companies in India and internationally.

Shalibhadra Finance

Market Cap: ₹3.3b

Operates as an asset finance company in India.

Jeyyam Global Foods

Market Cap: ₹3.3b

Manufactures and sells pulses and other dal products in India.

Akme Fintrade (India)

Market Cap: ₹3.2b

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

Om Freight Forwarders

Market Cap: ₹3.0b

Provides third party logistics services through sea, road, rail, and air in India.

Baroda Rayon

Market Cap: ₹3.0b

Engages in the development of real estate properties in India.

Cash UR Drive Marketing

Market Cap: ₹2.8b

Operates as an out of home advertising company in India.

Envirotech Systems

Market Cap: ₹2.6b

Manufactures acoustic enclosures, wooden partitions, and chambers in India.

Star Imaging and Path Lab

Market Cap: ₹2.5b

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

Unihealth Hospitals

Market Cap: ₹2.5b

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

M.K. Exim (India)

Market Cap: ₹2.4b

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

IL&FS Investment Managers

Market Cap: ₹2.4b

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.

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.

Him Teknoforge

Market Cap: ₹2.3b

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

ABans Enterprises

Market Cap: ₹2.2b

Primarily engages in the trading of agricultural and non-agricultural commodities in India, the United Arab Emirates, and Mauritius.

Justo Realfintech

Market Cap: ₹2.2b

Provides real estate services.

Cords Cable Industries

Market Cap: ₹2.2b

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

United Nilgiri Tea Estates

Market Cap: ₹2.1b

Engages in growing, manufacturing, and selling teas in India.

Winsol Engineers

Market Cap: ₹2.1b

Operates as an engineering, procurement, operations, and consultancy company in India.

Positron Energy

Market Cap: ₹2.1b

Distributes and sells coal bed methane and natural gas in India and internationally.

Premier Roadlines

Market Cap: ₹2.0b

Provides logistics solutions to businesses primarily in India.

Niraj Cement Structurals

Market Cap: ₹1.9b

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

GLEN Industries

Market Cap: ₹1.9b

Manufactures and sells food packaging and service products 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.