Indian Undervalued based on future growth

Oil and Natural Gas

Market Cap: ₹2.9t

Engages in the exploration, development, production, and distribution of crude oil, natural gas, and value-added products in India and internationally.

Vedanta

Market Cap: ₹2.3t

A diversified natural resources company, explores, extracts, and processes minerals, and oil and gas in India, Europe, China, the United States, Mexico, and internationally.

Oil India

Market Cap: ₹650.4b

Engages in the exploration, development, and production of crude oil and natural gas in India.

Bank of Maharashtra

Market Cap: ₹433.6b

Provides various banking products and services in India.

Housing and Urban Development

Market Cap: ₹414.2b

Provides loans and financing for housing and urban development projects in India.

New India Assurance

Market Cap: ₹262.0b

Operates as a general insurance company in India and internationally.

IIFL Finance

Market Cap: ₹238.3b

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

Bandhan Bank

Market Cap: ₹234.1b

Provides banking and financial services for personal and business customers in India.

E.I.D.- Parry (India)

Market Cap: ₹182.3b

Engages in the manufacture and sale of sugar, nutraceuticals, and distillery products in India, North America, Europe, and internationally.

Capri Global Capital

Market Cap: ₹170.6b

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

Godawari Power & Ispat

Market Cap: ₹159.5b

Engages in the mining of iron ores in India.

ACME Solar Holdings

Market Cap: ₹141.1b

A solar independent power producing company, engages in developing, building, owning, operating, and maintaining utility scale grid connected solar power projects in India.

Welspun Living

Market Cap: ₹128.0b

Manufactures and sells home textile products in India and internationally.

Jindal Saw

Market Cap: ₹104.4b

Engages in the manufacture and supply of iron and steel pipes, and pellets in India and internationally.

Ujjivan Small Finance Bank

Market Cap: ₹103.3b

Provides various banking and financial services in India.

South Indian Bank

Market Cap: ₹102.4b

Provides various banking products and services in India.

Zee Entertainment Enterprises

Market Cap: ₹86.9b

Engages in broadcasting satellite television channels and digital media in India and internationally.

Vikram Solar

Market Cap: ₹84.3b

Manufactures and sells solar photovoltaic modules/systems in India and internationally.

Strides Pharma Science

Market Cap: ₹81.9b

Develops, manufactures, and sells pharmaceutical products in Africa, Australia, North America, Europe, Asia, and internationally.

Indian Metals and Ferro Alloys

Market Cap: ₹75.5b

Engages in the production and sale of ferro chrome in India and internationally.

Karnataka Bank

Market Cap: ₹75.1b

Provides various banking and financial services in India.

Sri Lotus Developers and Realty

Market Cap: ₹73.8b

Develops residential and commercial premises in Mumbai.

Kirloskar Ferrous Industries

Market Cap: ₹73.3b

Manufactures and sells iron castings, seamless tubes, and engineering steels in India and internationally.

Power Mech Projects

Market Cap: ₹72.0b

Provides services in power and infrastructure sectors in India and internationally.

CSB Bank

Market Cap: ₹67.8b

Provides banking and financial services for small and medium enterprises, retail, and non-resident individuals in India.

MOIL

Market Cap: ₹65.1b

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

Epigral

Market Cap: ₹62.1b

Manufactures and sells chlor-alkali and related derivatives in India and internationally.

JK Paper

Market Cap: ₹59.0b

Engages in the production and sale of paper products in India.

Surya Roshni

Market Cap: ₹58.2b

Manufactures and sells steel pipes and strips, and lighting and consumer durables in India.

DCB Bank

Market Cap: ₹54.1b

Provides various banking and financial products and services in India.

Fedbank Financial Services

Market Cap: ₹52.1b

A non-banking finance company (NBFC), provides financing services to individuals and businesses in India.

Technocraft Industries (India)

Market Cap: ₹51.2b

Engages in scaffolding business in India and internationally.

H.G. Infra Engineering

Market Cap: ₹47.8b

Engages in the engineering, procurement, and construction (EPC) business in India.

Skipper

Market Cap: ₹47.3b

Manufactures and sells transmission and distribution structures, telecom towers, and fasteners in India.

AGI Greenpac

Market Cap: ₹46.4b

Operates as a packaging products company in India and the United Arab Emirates.

Route Mobile

Market Cap: ₹46.0b

Provides cloud-communication platform solutions to enterprises, over-the-top service providers, and mobile network operators in India and internationally.