Indian Automobiles Undervalued over 20% based on DCF

Divgi TorqTransfer Systems

Market Cap: ₹29.6b

Engages in the manufacture and sale of transfer cases, automatic locking hubs, and synchronizers and components to automotive original equipment manufacturers and other customers.

Rico Auto Industries

Market Cap: ₹18.0b

An engineering company, manufactures and supplies high precision fully machined aluminum, and ferrous components and assemblies to original equipment manufacturers worldwide.

RACL Geartech

Market Cap: ₹13.7b

Manufactures and sells automotive components.

Alicon Castalloy

Market Cap: ₹10.4b

Manufactures and sells aluminium castings in India.

Automotive Stampings and Assemblies

Market Cap: ₹8.3b

Designs, develops, manufactures, assembles, and sells sheet metal stampings, welded assemblies, and modules for passenger and commercial vehicles, and tractors in India.

Menon Pistons

Market Cap: ₹3.6b

Manufactures and sells auto components in India.

Victory Electric Vehicles International

Market Cap: ₹393.9m

Manufactures and sells electric vehicles in India and internationally.