Indian Undervalued based on future growth

J. Kumar Infraprojects

Market Cap: ₹43.3b

Engages in the construction business in India.

H.G. Infra Engineering

Market Cap: ₹42.6b

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

AGI Greenpac

Market Cap: ₹39.8b

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

Jana Small Finance Bank

Market Cap: ₹37.8b

Provides banking and financial services to individuals and enterprises in India.

Route Mobile

Market Cap: ₹37.3b

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

Sanathan Textiles

Market Cap: ₹36.9b

Manufactures and sells yarn in India and internationally.

Orchid Pharma

Market Cap: ₹35.5b

A pharmaceutical company, engages in the development, manufacture, and marketing of active pharmaceutical ingredients, bulk actives, finished dosage formulations, and nutraceuticals in India.

Heritage Foods

Market Cap: ₹32.3b

Heritage Foods Limited procures and processes milk and milk products in India.

Paisalo Digital

Market Cap: ₹31.0b

A non-banking financial company, engages in providing loans through its financial products in India.

JTL Industries

Market Cap: ₹29.7b

Manufactures and sells iron and steel products in India and internationally.

Lux Industries

Market Cap: ₹29.1b

Engages in the manufacture and sale of knitwear in India.

Man Industries (India)

Market Cap: ₹26.7b

Manufactures, processes, sells, and trades in submerged arc-welded pipes and steel products in India.

EFC (I)

Market Cap: ₹26.5b

Engages in real estate leasing business in India.

UGRO Capital

Market Cap: ₹24.1b

A non-banking financial company, engages in the lending business in India.

Pennar Industries

Market Cap: ₹24.0b

Operates as an engineering company in India and internationally.

Krsnaa Diagnostics

Market Cap: ₹23.3b

Provides diagnostic services in India.

IOL Chemicals and Pharmaceuticals

Market Cap: ₹22.0b

Manufactures and sells pharmaceutical and chemical products in India and internationally.

S H Kelkar

Market Cap: ₹21.9b

Manufactures and supplies fragrances, flavors, and aroma ingredients in India.

Nilkamal

Market Cap: ₹21.2b

Manufactures and sells plastic products in India and internationally.

Nitin Spinners

Market Cap: ₹19.6b

Manufactures and sells cotton and blended yarns, knitted fabrics, and finished woven fabrics in India and internationally.

Capacit'e Infraprojects

Market Cap: ₹19.3b

Engages in the engineering, procurement, and construction business in India.

M & B Engineering

Market Cap: ₹19.1b

An engineering company, engages in the design, manufacturing, and installation of pre-engineered metal buildings, self-supported steel roofing, and complex steel components.

Ganesha Ecosphere

Market Cap: ₹18.8b

Primarily manufactures and sells recycled polyester staple fiber in India.

Hi-Tech Pipes

Market Cap: ₹16.5b

Manufactures and sells steel in India.

Jagran Prakashan

Market Cap: ₹14.6b

Jagran Prakashan Limited prints and publishes newspapers and magazines in India.

Suryoday Small Finance Bank

Market Cap: ₹14.4b

Provides financial products to micro-entrepreneurs and underserved communities and individuals in India.

Huhtamaki India

Market Cap: ₹13.9b

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

Alicon Castalloy

Market Cap: ₹12.3b

Manufactures and sells aluminium castings in India.

Capital Small Finance Bank

Market Cap: ₹11.7b

Provides a range of banking and financial products and services for individuals and businesses in India.

I G Petrochemicals

Market Cap: ₹10.8b

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

Updater Services

Market Cap: ₹10.0b

Operates an integrated business services platform in India and internationally.

Allied Digital Services

Market Cap: ₹7.5b

Designs, develops, deploys, and delivers end-to-end IT infrastructure services and digital solutions in India, rest of Asia, the United States, Australia, Europe, and the Middle East.

Bodal Chemicals

Market Cap: ₹6.6b

Engages in the manufacture and sale of dyestuffs, dyes intermediates, and other chemicals in India.

Vishnu Prakash R Punglia

Market Cap: ₹5.8b

Engages in engineering, procurement, and construction of infrastructure projects in India.

S Chand

Market Cap: ₹5.8b

An education content company, engages in the publishing of books in India.

Foods and Inns

Market Cap: ₹4.6b

Manufactures and sells various processed fruits and vegetables, pulps, purees, spices, spray-dried powders, and frozen food in India and internationally.