Indian Materials Undervalued over 20% based on DCF

Vedanta Aluminium Metal

Market Cap: ₹1.8t

Engages in the production of metallurgical grade alumina and aluminium products.

Coromandel International

Market Cap: ₹591.6b

Provides agriculture solutions in India and internationally.

UPL

Market Cap: ₹490.9b

Manufactures and sells pesticides, insecticides, and micronutrients in India, Brazil, the United States, the United Kingdom, and internationally.

Gujarat Fluorochemicals

Market Cap: ₹422.9b

Engages in the manufacture and trading of refrigerant gases, fluorochemicals, fluoropolymers, battery chemicals, wind energy, and renewable energy solutions in India, Europe, the United States, and internationally.

E.I.D.- Parry (India)

Market Cap: ₹128.2b

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

Sandur Manganese & Iron Ores

Market Cap: ₹97.0b

Together with its subsidiary, engages in the mining of manganese and iron ores in Deogiri village of Ballari District, Karnataka.

Jayaswal Neco Industries

Market Cap: ₹83.5b

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

Sharda Cropchem

Market Cap: ₹79.8b

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

Indian Metals and Ferro Alloys

Market Cap: ₹72.4b

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

Prism Johnson

Market Cap: ₹56.0b

An integrated building materials company, manufactures and sells cement, tiles, and ready-mixed concrete in India and internationally.

Greenply Industries

Market Cap: ₹39.2b

An interior infrastructure company, engages in the manufacture and trading of plywood and allied products in India and internationally.

Welspun Specialty Solutions

Market Cap: ₹33.7b

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

Veedol

Market Cap: ₹24.4b

Engages in the manufacturing and marketing of lubricants under the Veedol brand in India.

DCW

Market Cap: ₹16.4b

Engages in the manufacture and sale of heavy chemical products in India.

Huhtamaki India

Market Cap: ₹15.4b

Engages in the manufacture and sale of packaging materials in India.

Sanghi Industries

Market Cap: ₹13.8b

Manufactures and markets cement and clinker in India.

Electrotherm (India)

Market Cap: ₹14.2b

An engineering and steel company, provides steel melting solutions worldwide.

Shree Pushkar Chemicals & Fertilisers

Market Cap: ₹13.7b

Manufactures and trades in chemicals, dyes and dyes intermediate, cattle feeds, fertilizers, and soil conditioners in India.

Jyoti Resins and Adhesives

Market Cap: ₹11.5b

Engages in the manufacture and sale of synthetic resin and wood adhesives in India.

Ultramarine & Pigments

Market Cap: ₹11.1b

Engages in the manufacture and sale of pigments and surfactants in India.

Amines & Plasticizers

Market Cap: ₹10.6b

Manufactures and sells specialty chemicals in India.

Manali Petrochemicals

Market Cap: ₹10.5b

Manufactures and sells petrochemical products in India, the European Union and United Kingdom, and internationally.

Bhageria Industries

Market Cap: ₹8.9b

Manufactures and trades specialty dyes and dye intermediates in India and internationally.

Commercial Syn Bags

Market Cap: ₹7.6b

Together with its subsidiary, Comsyn India Private Limited, engages in the manufacturing and exporting of various packaging solutions in India and internationally.

TPL Plastech

Market Cap: ₹6.2b

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

Emami Paper Mills

Market Cap: ₹5.3b

Manufactures and sells paper and paper board products in India.

Aries Agro

Market Cap: ₹4.3b

Engages in the manufacture and supply of micronutrients and other nutritional products for plants and animals.

Alufluoride

Market Cap: ₹3.6b

Manufactures and sells aluminum fluoride and related products for aluminum smelters in India.

Narmada Gelatines

Market Cap: ₹2.9b

Manufactures and sells gelatine and related products in India and internationally.

Dynemic Products

Market Cap: ₹2.9b

Engages in the manufacture and sale of dyes and dye intermediates in India.

Krishca Strapping Solutions

Market Cap: ₹2.4b

Engages in the manufacture and wholesale of strapping steel, steel seals, and strapping tools in India.

RFBL Flexi Pack

Market Cap: ₹2.3b

Engages in the manufacturing and trading of printed multilayer adhesive laminated flexible plastic packaging materials in India.

Hindustan Adhesives

Market Cap: ₹1.3b

A specialty adhesive coating company, manufactures and sells self-adhesive tapes in India and internationally.

Alliance Integrated Metaliks

Market Cap: ₹908.4m

Engages in the power ancillary equipment and engineering fabrication businesses in India.

AMD Industries

Market Cap: ₹884.0m

Provides packing solutions in India and internationally.

Samrat Pharmachem

Market Cap: ₹778.8m

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