Indian Materials Undervalued over 20% based on DCF

Vedanta

Market Cap: ₹2.7t

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

Market Cap: ₹1.2t

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

UPL

Market Cap: ₹500.7b

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

J.K. Cement

Market Cap: ₹398.9b

Manufactures and sells cement and its related products in India and internationally.

Shyam Metalics and Energy

Market Cap: ₹221.3b

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

Tata Chemicals

Market Cap: ₹166.3b

Manufactures, markets, sells, and distributes basic chemistry and specialty products in India, rest of Asia, Africa, Europe, the United Kingdom, the Americas, and internationally.

Jain Resource Recycling

Market Cap: ₹159.9b

Engages in the manufacture and export of non-ferrous metal products by way of recycling of non-ferrous metal scrap.

Deepak Fertilisers And Petrochemicals

Market Cap: ₹125.6b

Engages in the manufacture, trade, and sale of bulk chemicals in India.

KAMA Holdings

Market Cap: ₹78.3b

Engages in the technical textiles, chemicals and polymers, aluminium foils, and packaging film businesses.

EPL

Market Cap: ₹68.6b

Manufactures and sells plastic packaging materials in the form of multilayer collapsible tubes, corrugated boxes, and laminates in the Americas, Europe, Africa, the Middle East, South Asia, and the East Asia Pacific.

Prism Johnson

Market Cap: ₹62.0b

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

Sudarshan Chemical Industries

Market Cap: ₹60.0b

Manufactures and sells organic, inorganic, effect pigments, and dispersions in India and internationally.

Mishra Dhatu Nigam

Market Cap: ₹54.8b

Manufactures and sells super alloys, titanium, special purpose steel, and other special metals in India and internationally.

Surya Roshni

Market Cap: ₹47.3b

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

Gulf Oil Lubricants India

Market Cap: ₹43.9b

Manufactures, markets, and trades lubricating oils, greases, and other derivatives for use in the automobile and industrial sectors in India.

Chemplast Sanmar

Market Cap: ₹40.5b

Engages in manufacturing and selling of specialty chemicals in India.

Neogen Chemicals

Market Cap: ₹33.9b

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

Laxmi Organic Industries

Market Cap: ₹32.7b

Manufactures and trades acetyl intermediates and specialty chemicals in India and internationally.

Greenply Industries

Market Cap: ₹24.3b

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

Greenpanel Industries

Market Cap: ₹22.3b

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

Savita Oil Technologies

Market Cap: ₹21.6b

Engages in manufactures and sells petroleum products in India and internationally.

Sagar Cements

Market Cap: ₹21.3b

Manufactures and sells cement in India.

Pennar Industries

Market Cap: ₹19.6b

Operates as an engineering company in India and internationally.

MSP Steel & Power

Market Cap: ₹17.8b

Manufactures and trades for the sale of iron and steel products in India and internationally.

Panama Petrochem

Market Cap: ₹16.2b

Engages in the manufacture and sale of specialty petroleum products for printing, textile, rubber, pharmaceutical, cosmetic, power, and other industrial oil industries in India and internationally.

Sanghi Industries

Market Cap: ₹13.8b

Manufactures and markets cement and clinker in India.

Andhra Sugars

Market Cap: ₹9.9b

Manufactures and sells organic and inorganic chemicals in India.

Aeroflex Enterprises

Market Cap: ₹8.1b

Manufactures and sells stainless-steel flexible hoses and assemblies in India, the Middle East, Europe, Asia, Africa, the United States, Latin and Central America, the Caribbean Islands, Australia, and North America.

Arrow Greentech

Market Cap: ₹8.0b

Engages in the manufacture and sale of water-soluble films, bio-compostable products, and other green products in India and internationally.

Amines & Plasticizers

Market Cap: ₹7.7b

Manufactures and sells specialty chemicals in India.

NCL Industries

Market Cap: ₹7.4b

Manufactures and sells building materials in India.

Sudarshan Colorants India

Market Cap: ₹7.1b

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

Kamdhenu

Market Cap: ₹5.4b

Manufactures, markets, and distributes thermo mechanical treatment (TMT) bars, structural steel, and allied products under the Kamdhenu brand name in India.

20 Microns

Market Cap: ₹5.3b

Manufactures and markets micronized industrial minerals and specialty chemicals primarily in India and internationally.

Chemcon Speciality Chemicals

Market Cap: ₹5.1b

Engages in the manufacture and sale of specialty chemicals for pharmaceutical, agro-chemical, textile, personal care, construction, automotive, electronics, silanes, and oilfield chemicals industries in India and internationally.

Aries Agro

Market Cap: ₹4.5b

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