Indian Undervalued over 20% based on DCF

Axtel Industries

Market Cap: ₹6.4b

Manufactures, supplies, and sells process engineering equipment and turnkey systems for food processing and pharmaceutical industries in India and internationally.

20 Microns

Market Cap: ₹5.7b

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

Chemcon Speciality Chemicals

Market Cap: ₹5.6b

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.

Vishnu Prakash R Punglia

Market Cap: ₹5.3b

Engages in engineering, procurement, and construction of infrastructure projects in India.

HT Media

Market Cap: ₹5.3b

Engages in the printing and publication of newspapers and periodicals in India.

Kamat Hotels (India)

Market Cap: ₹5.1b

Engages in the hospitality business in India.

Speciality Restaurants

Market Cap: ₹5.0b

Owns and operates restaurant outlets and sweet shops in India and internationally.

Aries Agro

Market Cap: ₹4.9b

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

Subex

Market Cap: ₹4.9b

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

Foods and Inns

Market Cap: ₹4.5b

Manufactures and sells various processed fruits and vegetables, pulps, purees, spices, spray-dried powders, and frozen food in India and internationally.

Orbit Exports

Market Cap: ₹4.5b

Manufactures and sells novelty fabrics in India and internationally.

Sreeleathers

Market Cap: ₹4.2b

Engages in the trading of footwear and accessories in India.

Haleos Labs

Market Cap: ₹3.9b

Engages in the manufacturing of active pharmaceutical ingredients (API) and intermediates in India.

Amanta Healthcare

Market Cap: ₹3.9b

Operates as a pharmaceutical company engaged in developing, manufacturing and marketing a diverse range of sterile liquid products and parenteral products in Africa, Latin America, the United Kingdom, and internationally.

Bella Casa Fashion & Retail

Market Cap: ₹3.8b

Engages in the production and retail of apparels and home furnishing products in India.

Nikhil Adhesives

Market Cap: ₹3.7b

Manufactures and sells polymer emulsions and adhesives in India.

Bedmutha Industries

Market Cap: ₹3.7b

Engages in the manufacture and export of steel wire and wire products in India.

Ginni Filaments

Market Cap: ₹3.5b

Engages in the manufacture and sale of textile products in India and internationally.

Parsvnath Developers

Market Cap: ₹3.5b

Engages in the real estate development business in India.

Dev Accelerator

Market Cap: ₹3.4b

Operates coworking and managed office spaces and allied services to corporates, MNCs, and SMEs in India and internationally.

Inspirisys Solutions

Market Cap: ₹3.3b

Provides information technology services in India and internationally.

Ruchira Papers

Market Cap: ₹3.3b

Manufactures and markets kraft paper, and writing and printing paper products in India and internationally.

Ratnabhumi Developers

Market Cap: ₹3.3b

Engages in the construction and development of real estate properties in India.

UVS Hospitality and Services

Market Cap: ₹3.2b

Engages in the food and beverage processing industry and other allied services in India.

Varvee Global

Market Cap: ₹3.1b

Engages in the manufacture and sale of fabrics in India and internationally.

Shankara Building Products

Market Cap: ₹3.1b

Operates as a retailer of home improvement and building products in India.

Radix Industries (India)

Market Cap: ₹2.9b

Engages in the manufacture and sale of human hair products in India.

Reliance Communications

Market Cap: ₹2.8b

Provides wireline and wireless telecom services to the business and government segments.

Dynemic Products

Market Cap: ₹2.8b

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

United Nilgiri Tea Estates

Market Cap: ₹2.7b

Engages in growing, manufacturing, and selling teas in India.

UFO Moviez India

Market Cap: ₹2.7b

Provides digital cinema distribution and in-cinema advertising in India and the Middle East.

Om Freight Forwarders

Market Cap: ₹2.7b

Provides third party logistics services through sea, road, rail, and air in India.

Sahyadri Industries

Market Cap: ₹2.6b

Engages in the production and sale of cement sheets and accessories, trading of steel doors, and generation of wind power electricity in India.

Shivam Autotech

Market Cap: ₹2.5b

Engages in the manufacture and sale of auto transmission components for original equipment manufacturers in India and internationally.

National Peroxide

Market Cap: ₹2.3b

Manufactures and sells hydrogen peroxide in India.

Omax Autos

Market Cap: ₹2.3b

Manufactures and sells automotive components in India.