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

Blue Pebble

Market Cap: ₹607.4m

Operates as a design firm, provides environmental branding solutions in India.

JFL Life Sciences

Market Cap: ₹557.6m

Engages in the manufacture and sale of pharmaceutical products in India and internationally.

Rolcon Engineering

Market Cap: ₹544.4m

Manufactures and sells industrial chains and sprocket wheels in India, Asia, Africa, and North America.

Artefact Projects

Market Cap: ₹529.1m

Engages in the provision of engineering, architectural, and project management consultancy services in India.

Pace E-Commerce Ventures

Market Cap: ₹527.3m

Engages in the sale of branded, customized, and personalized products for B2C and B2B customers through digital platforms in India.

D.K. Enterprises Global

Market Cap: ₹525.6m

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

Tirupati Sarjan

Market Cap: ₹511.1m

Engages in the real estate development business in India.

Signoria Creation

Market Cap: ₹509.1m

Manufactures and markets women apparel under the Signora brand in India.

Crestchem

Market Cap: ₹504.2m

Engages in the manufacture, marketing, and export of nutrition-chemical products in India.

Transchem

Market Cap: ₹500.6m

Does not have significant operations.

Rithwik Facility Management Services

Market Cap: ₹498.0m

Provides facilities management and turnkey solutions in India.

Phoenix Overseas

Market Cap: ₹478.8m

Engages in the trading and exporting of agricultural products and spices in India.

Walpar Nutritions

Market Cap: ₹452.8m

Engages in the manufacture and trading of pharmaceutical, nutraceutical, herbal, and ayurvedic commodities.

Amkay Products

Market Cap: ₹450.1m

Manufactures, assembles, and markets a portfolio of medical devices, disposables, and other healthcare products in India.

Nacdac Infrastructure

Market Cap: ₹429.7m

Provides civil and structural services to the government agencies and private corporations in India.

Chennai Ferrous Industries

Market Cap: ₹428.4m

Engages in the trading of iron and coal-related products in India.

Medico Intercontinental

Market Cap: ₹394.4m

Trades in pharmaceutical products.

Tejnaksh Healthcare

Market Cap: ₹386.8m

Together with its subsidiary, provides hospital and healthcare services in India.

Taparia Tools

Market Cap: ₹367.8m

Engages in the manufacture and trading of hand tools primarily in India.

Prospect Consumer Products

Market Cap: ₹359.9m

Engages in the processing and trading of cashew nuts and allied products in India.

Galactico Services

Market Cap: ₹356.1m

Manufactures and sells packaged drinking water in India.

Cell Point (India)

Market Cap: ₹355.0m

Engages in the retail of smart phones, smart watches, tablets, mobile accessories, and mobile related products and accessories.

Unick Fix-A-Form and Printers

Market Cap: ₹351.0m

Unick Fix-A-Form and Printers Limited prints and sells paper based printed materials and labels in India.

B2B Software Technologies

Market Cap: ₹343.6m

Provides software products and related services in India.

Faalcon Concepts

Market Cap: ₹283.4m

Engages in designing, engineering, fabrication, and installation of façade systems in India.

Zenith Fibres

Market Cap: ₹282.1m

Manufactures and sells polypropylene (PP) staple fibers and PP yarn in India and internationally.

Rapid Multimodal Logistics

Market Cap: ₹264.1m

Provides integrated logistics solutions in India.

SP Refractories

Market Cap: ₹254.1m

Engages in the manufacturing and supplying of refractory cement and castables in India.

Gajanand International

Market Cap: ₹250.5m

Engages in cotton ginning and pressing activities in India and internationally.

Mansi Finance (Chennai)

Market Cap: ₹244.0m

A non-banking finance company, engages in lending and investment activities in India.

Jiwanram Sheoduttrai Industries

Market Cap: ₹240.1m

Manufactures and sells leather gloves, coats, and other safety products in India.

Madhya Pradesh Today Media

Market Cap: ₹237.3m

Engages in the publication of newspapers in India.

Trans Freight Containers

Market Cap: ₹229.6m

Does not have significant operations.

Hisar Spinning Mills

Market Cap: ₹206.2m

Engages in the manufacture and sale of cotton blended yarns in India.

Navigant Advisors

Market Cap: ₹201.5m

Engages in the provision of merchant banking and advisory services in India.

Swasth Foodtech India

Market Cap: ₹193.3m

Engages in the processing of rice bran oil in India.