Indian Materials Undervalued based on future growth

Vedanta

Market Cap: ₹1.6t

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

Jindal Steel & Power

Market Cap: ₹909.7b

Operates in the steel, mining, and infrastructure sectors in India and internationally.

Lloyds Metals and Energy

Market Cap: ₹670.8b

Manufactures and sells sponge iron products in India.

Steel Authority of India

Market Cap: ₹474.2b

A steel-making company, manufactures and sells iron and steel products in India and internationally.

Jindal Stainless

Market Cap: ₹460.8b

Manufactures and sells stainless-steel flat products in India and internationally.

Shyam Metalics and Energy

Market Cap: ₹247.3b

An integrated metal company, manufactures and sells long steel products and ferro alloys in India and internationally.

Godawari Power & Ispat

Market Cap: ₹127.0b

Engages in the mining of iron ores in India.

Jai Balaji Industries

Market Cap: ₹110.2b

Manufactures and markets iron and steel products primarily in India.

Birla

Market Cap: ₹83.7b

Manufactures and sells cement and clinker in India and internationally.

Kirloskar Ferrous Industries

Market Cap: ₹76.3b

Manufactures and sells iron castings in India and internationally.

MOIL

Market Cap: ₹64.6b

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

Surya Roshni

Market Cap: ₹57.7b

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

JK Paper

Market Cap: ₹55.3b

Produces and sells paper products in India.

Sharda Cropchem

Market Cap: ₹49.6b

A crop protection chemical company, provides various formulations and generic active ingredients worldwide.

Balaji Amines

Market Cap: ₹42.2b

Engages in the manufacture and sale of methylamines, ethylamines, and derivatives of specialty chemicals and pharma excipients in India.

Greenpanel Industries

Market Cap: ₹28.6b

Engages in the manufacturing, marketing, and sale of plywood, medium density fibre board (MDF), and allied products in India and internationally.

JTL Industries

Market Cap: ₹27.0b

Manufactures and sells steel pipes and tubes, and allied products in India and internationally.

Mangalam Cement

Market Cap: ₹21.9b

Manufactures and sells cement and clinker primarily in India.

Hi-Tech Pipes

Market Cap: ₹19.1b

Manufactures and sells steel in India.

M M Forgings

Market Cap: ₹16.6b

Manufactures and sells steel forgings in India.

Huhtamaki India

Market Cap: ₹14.8b

Manufactures and sells of flexible consumer packaging and labelling solutions in India.

I G Petrochemicals

Market Cap: ₹13.2b

Engages in the manufacture and sale of organic chemicals in India and internationally.

IFGL Refractories

Market Cap: ₹13.2b

Engages in the manufacturing, trading, and selling of refractory items and related equipment and accessories used in steel plants in India and internationally.

NCL Industries

Market Cap: ₹9.5b

Manufactures and sells building materials in India.

Ratnaveer Precision Engineering

Market Cap: ₹7.1b

Engages in the manufacture, export, and supply of stainless-steel products in India and internationally.