Indian Materials Strong Balance Sheet Stocks

Polychem

Market Cap: ₹906.8m

Together with its subsidiary, Gujarat Poly Electronics Limited, engages in the specialty chemicals and property development businesses in India and internationally.

Monolithisch India

Market Cap: ₹9.7b

Manufactures, trades in, and supplies ramming mass in India and Nepal.

Bharat Rasayan

Market Cap: ₹47.5b

Manufactures and sells technical grade pesticides and intermediates in India.

Bayer CropScience

Market Cap: ₹286.0b

Engages in the manufacture, sale, and distribution of insecticides, fungicides, herbicides, and various other agrochemical products and corn seeds in India, Germany, Bangladesh, and internationally.

Indsil Hydro Power and Manganese

Market Cap: ₹1.6b

Manufactures and sells ferro chrome, ferro silicon, and low/medium/high carbon silico manganese alloys in India and internationally.

Gujarat State Fertilizers & Chemicals

Market Cap: ₹81.5b

Manufactures and sells fertilizers and chemicals in India.

Remi Edelstahl Tubulars

Market Cap: ₹1.1b

Engages in manufacture and sale of stainless steel pipes and tubes in India.

Garg Furnace

Market Cap: ₹923.1m

Manufactures and trades iron and steel products in India.

Gallantt Ispat

Market Cap: ₹140.8b

Engages in manufacture and sale of iron and steel products in India.

Ruchira Papers

Market Cap: ₹4.2b

Manufactures and markets kraft paper, and writing and printing paper products in India and internationally.

Laxmi Organic Industries

Market Cap: ₹54.4b

Manufactures and trades acetyl intermediates and specialty chemicals in India and internationally.

Vishnu Chemicals

Market Cap: ₹34.4b

Engages in the manufacture and sale of chromium chemicals in India.

NCL Industries

Market Cap: ₹9.8b

Manufactures and sells building materials in India.

Indigo Paints

Market Cap: ₹57.2b

Engages in the manufacture and sale of decorative paints in India and internationally.

Mayur Uniquoters

Market Cap: ₹25.8b

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

Srivasavi Adhesive Tapes

Market Cap: ₹992.2m

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

Nitin Castings

Market Cap: ₹3.2b

Manufactures, sells, and exports alloy steel castings in India and internationally.

Supreme Industries

Market Cap: ₹538.7b

Engages in the manufacture and sale of plastic products in India.

Aeroflex Industries

Market Cap: ₹27.8b

Manufactures and sells stainless-steel flexible hose and assemblies in India.

Kansai Nerolac Paints

Market Cap: ₹201.7b

Manufactures and supplies paints, varnishes, enamels, and lacquers in India.

Tirupati Forge

Market Cap: ₹5.2b

Produces and sells carbon steel forged flanges, and forged and other automotive components in India.

Archean Chemical Industries

Market Cap: ₹86.2b

Manufactures and sells specialty marine chemicals in India and internationally.

Surya Roshni

Market Cap: ₹69.1b

Manufactures and markets steel pipes and tubes, lighting products, fans, home appliances, and PVC pipes in India.

Camex

Market Cap: ₹418.5m

Manufactures, imports, exports, and trades in dyes, chemicals, intermediates, fiber glasses, metals, coal minerals, and others in India and internationally.

Alkyl Amines Chemicals

Market Cap: ₹117.5b

Manufactures and supplies amines, amine derivatives, and other specialty chemicals in India and internationally.

3B Blackbio Dx

Market Cap: ₹13.8b

Engages in the design, development, manufacturing, and commercialization of agrochemicals and PCR based molecular diagnostic kits in India.

Ramco Industries

Market Cap: ₹24.5b

Engages in the building products, textiles, and power generation businesses in India.

MOIL

Market Cap: ₹76.2b

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

Insecticides (India)

Market Cap: ₹29.2b

Engages in the manufacture and sale of agro chemicals and pesticides products for agriculture purposes in India and internationally.

Uni Abex Alloy Products

Market Cap: ₹6.8b

Produces and sells centrifugal and static castings, and assemblies in heat and corrosion resistant alloys in India and internationally.

Hind Aluminium Industries

Market Cap: ₹432.1m

Manufactures and sells aluminum products in India.

Maharashtra Seamless

Market Cap: ₹94.9b

Manufactures and sells seamless steel pipes and tubes in India.

ELANTAS Beck India

Market Cap: ₹106.2b

Manufactures and sells specialty chemicals for the electrical insulation and construction industries in India.

Usha Martin

Market Cap: ₹118.9b

Manufactures and sells steel wires, strands, wire ropes, and cord related accessories in India and internationally.

Arabian Petroleum

Market Cap: ₹893.1m

Manufactures and sells lubricants primarily in India.

Rajratan Global Wire

Market Cap: ₹20.6b

Engages in manufacturing and sale of tyre bead wires in India and Thailand.