Indian Undervalued over 20% based on DCF

Sterlite Technologies

Market Cap: ₹62.5b

Together with its subsidiaries manufactures and sells telecom products in India and internationally.

Shree Renuka Sugars

Market Cap: ₹61.6b

Manufactures and refines sugar in India and internationally.

Energy Infrastructure Trust

Market Cap: ₹54.4b

An infrastructure investment trust, engages in the transportation of natural gas in India.

VRL Logistics

Market Cap: ₹49.3b

Operates as a logistics and transport company in India.

Indus Infra Trust

Market Cap: ₹49.1b

An infrastructure investment trust, focuses to acquire, manage, and invest in a portfolio of infrastructure assets in India.

Nirlon

Market Cap: ₹47.7b

Engages in the development and management of an industrial park.

Bannari Amman Sugars

Market Cap: ₹47.0b

Engages in the manufacture and sale of sugar in India.

Hindustan Construction

Market Cap: ₹46.9b

Provides engineering and construction services in India and internationally.

Sanathan Textiles

Market Cap: ₹40.2b

Manufactures and sells yarn in India and internationally.

Awfis Space Solutions

Market Cap: ₹40.2b

Provides flexible workspace solutions in India.

Orchid Pharma

Market Cap: ₹38.5b

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

Ganesha Ecosphere

Market Cap: ₹37.3b

Primarily manufactures and sells recycled polyester staple fiber in India and internationally.

Jamna Auto Industries

Market Cap: ₹35.6b

Engages in the manufacture and sale of tapered leaf, parabolic springs, and lift axles under the JAI brand in India and internationally.

Jain Irrigation Systems

Market Cap: ₹35.0b

Manufactures and sells micro-irrigation systems in India, Europe, North America, and internationally.

Allcargo Logistics

Market Cap: ₹34.3b

Provides integrated logistics solutions in India, the United States, the Far East, Europe, and internationally.

Globus Spirits

Market Cap: ₹33.9b

Manufactures and sells bulk alcohol and alcoholic products in India.

Prince Pipes and Fittings

Market Cap: ₹33.0b

Manufactures and sells piping solutions in India.

Greenpanel Industries

Market Cap: ₹33.0b

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.

Jubilant Agri and Consumer Products

Market Cap: ₹32.1b

Manufactures and sells performance polymers, chemicals, and agri-products in India and internationally.

Man Industries (India)

Market Cap: ₹31.8b

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

Ram Ratna Wires

Market Cap: ₹31.5b

Manufactures and sells winding wires and related insulated products for original equipment manufacturers in India.

Precision Wires India

Market Cap: ₹31.3b

Manufactures and sells insulated enamelled winding wires and other insulated electric conductors in India and internationally.

Patel Engineering

Market Cap: ₹30.5b

Provides infrastructure and construction services in India and internationally.

Pennar Industries

Market Cap: ₹30.4b

Operates as an engineering company in India and internationally.

Sagar Cements

Market Cap: ₹30.1b

Manufactures and sells cement in India.

TeamLease Services

Market Cap: ₹29.4b

Engages in human resource services to various industries in India and internationally.

Gujarat Industries Power

Market Cap: ₹29.0b

Engages in the generation, transmission, and distribution of electricity to power purchasing companies in India.

Indoco Remedies

Market Cap: ₹26.2b

Manufactures, markets, and sells formulations and active pharmaceutical ingredients in India and internationally.

Filatex India

Market Cap: ₹23.7b

Manufactures, sells, and trades polyester filament yarns, and synthetic yarns and textiles in India and internationally.

Utkarsh Small Finance Bank

Market Cap: ₹22.3b

Provides banking and financial services in India.

Seamec

Market Cap: ₹20.4b

Provides offshore oilfield and diving support vessel services in India and internationally.

MSP Steel & Power

Market Cap: ₹18.0b

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

Igarashi Motors India

Market Cap: ₹17.6b

Manufactures and sells electric micro motors and motor components in India, the United States, Japan, Germany, Hong Kong, and internationally.

Wheels India

Market Cap: ₹17.6b

Together with its subsidiary, engages in the manufacture and sale of automotive and industrial components in India and internationally.

Updater Services

Market Cap: ₹17.5b

Operates an integrated business services platform in India and internationally.

ESAF Small Finance Bank

Market Cap: ₹16.2b

Provides banking products and services to retail, rural, and corporate customers in India.