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

Arabian Petroleum

Market Cap: ₹808.2m

Manufactures and sells lubricants primarily in India.

Ameya Precision Engineers

Market Cap: ₹772.1m

Manufactures and sells engineering components in India.

Takyon Networks

Market Cap: ₹765.5m

Provides networking and IT infrastructure solutions to government agencies and corporate enterprises in India.

Moksh Ornaments

Market Cap: ₹748.0m

Manufactures and sells jewellery in India.

Rudra Gas Enterprise

Market Cap: ₹740.0m

Engages in the provision of end-to-end solutions for city gas distribution sector in India.

Identixweb

Market Cap: ₹730.9m

Operates as an information technology company that provides and delivers software as a service-based digital product solution worldwide.

Superior Industrial Enterprises

Market Cap: ₹687.7m

Engages in the manufacture and sale of corrugated boxes in India.

Globtier Infotech

Market Cap: ₹631.9m

Provides managed information technology (IT), SAP support, and custom application development services in India and internationally.

Bombay Metrics Supply Chain

Market Cap: ₹624.9m

Together with its subsidiary, Metrics Vietnam Company Limited, provides manufacturing and trading of engineering tools and components, and supply chain management services in India and internationally.

Vinny Overseas

Market Cap: ₹618.8m

Engages in the manufacturing and processing of textile fabrics in India.

Veeram Securities

Market Cap: ₹610.4m

Engages in the wholesale, retail, and trading of branded jewelry in India.

Supertech EV

Market Cap: ₹601.3m

Engages in the design, development, manufacture, and distribution of passenger and commercial electronic vehicles in India.

Ultra Wiring Connectivity System

Market Cap: ₹556.5m

Engages in the manufacture and sale of automotive connectors, and terminals and precision components in India.

Blue Pebble

Market Cap: ₹553.2m

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

Ad-Manum Finance

Market Cap: ₹547.2m

Engages in the non-banking finance business in India.

Artefact Projects

Market Cap: ₹532.8m

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

Pace E-Commerce Ventures

Market Cap: ₹523.2m

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: ₹512.8m

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

Saven Technologies

Market Cap: ₹502.6m

A technology consulting company, engages in the development, delivery, and implementation of technology-driven business solutions in the United States of America and India.

Rithwik Facility Management Services

Market Cap: ₹498.0m

Provides facilities management and turnkey solutions in India.

Chennai Ferrous Industries

Market Cap: ₹486.8m

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

Shree Hari Chemicals Export

Market Cap: ₹473.5m

Manufactures, supplies, and exports H-acid and dye intermediates in India and internationally.

Signoria Creation

Market Cap: ₹466.3m

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

United Cotfab

Market Cap: ₹459.8m

Manufactures and sells cotton yarn in India.

Amkay Products

Market Cap: ₹454.4m

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

Medistep Healthcare

Market Cap: ₹445.5m

Operates in the pharmaceutical industry in India.

JFL Life Sciences

Market Cap: ₹442.1m

Manufactures and sells pharmaceutical products in India and internationally.

Nandani Creation

Market Cap: ₹440.8m

Manufactures, wholesales, trades, buys, sells, imports, and exports apparel in India.

Ashoka Metcast

Market Cap: ₹412.4m

Engages in the trading of steel, goods, and other products in India.

LGT Business Connextions

Market Cap: ₹406.3m

Engages in tour packages operations and event management in India.

Walpar Nutritions

Market Cap: ₹363.3m

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

Cell Point (India)

Market Cap: ₹348.5m

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

Nacdac Infrastructure

Market Cap: ₹329.9m

Operates as a construction company in India.

Sangal Papers

Market Cap: ₹312.7m

Engages in the manufacturing of paper in India.

Eighty Jewellers

Market Cap: ₹300.9m

Engages in the trading and retail of various jewelry in India.

Navigant Advisors

Market Cap: ₹282.6m

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