Indian Software Undervalued over 20% based on DCF

Route Mobile

Market Cap: ₹28.9b

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

Hinduja Global Solutions

Market Cap: ₹16.9b

Provides business process management services in the United States, Canada, the United Kingdom, Europe, India, Philippines, and internationally.

Aurum PropTech

Market Cap: ₹13.2b

Engages in the business of software development for real estate and other services in India.

Magellanic Cloud

Market Cap: ₹12.5b

An IT service organization, provides a robust portfolio of cutting-edge digital and IT-enabled services.

Expleo Solutions

Market Cap: ₹11.2b

Primarily provides software validation and verification services to the banking, financial services, and insurance industries worldwide.

Subex

Market Cap: ₹4.4b

Provides operations and business support systems to communication service providers (CSPs) worldwide.

Inspirisys Solutions

Market Cap: ₹2.9b

Provides information technology services in India and internationally.

Canarys Automations

Market Cap: ₹1.1b

Provides IT solutions in India.

Cressanda Railway Solutions

Market Cap: ₹837.8m

Provides railway auxiliary services in India.

BNR Udyog

Market Cap: ₹97.8m

Engages in business support, Financial Activities/Others, and medical transcription/information technology (IT)/information technology enabled services (ITES) businesses in India.

3C IT Solutions & Telecoms (India)

Market Cap: ₹88.4m

3C IT Solutions & Telecoms (India) Limited retails laptops, accessories, related products, and other networking components in India.