Indian Net Cash Stocks With A Growth Track Record

Gujarat Pipavav Port

Market Cap: ₹84.9b

Engages in the construction, operation, and maintenance of port at Pipavav in Gujarat, India.

RateGain Travel Technologies

Market Cap: ₹84.4b

A software as a service (SaaS) company, provides solutions for hospitality and travel industries in India, North America, the Asia-Pacific, Europe, and internationally.

ESAB India

Market Cap: ₹83.3b

Manufactures and sells welding and cutting equipment and consumables in India and internationally.

Tanla Platforms

Market Cap: ₹81.7b

Provides cloud communication platforms as a service solution to enterprises in India and internationally.

ELANTAS Beck India

Market Cap: ₹76.9b

Manufactures and sells specialty chemicals for the electrical insulation and construction industries in India.

Ajax Engineering

Market Cap: ₹76.8b

Manufactures and sells self-loading concrete mixers, concrete batching plants, and concrete pumps in India and internationally.

Just Dial

Market Cap: ₹65.7b

Engages in the search engine business in India.

Tips Music

Market Cap: ₹63.3b

Engages in the acquisition and exploitation of music rights in India and internationally.

Fiem Industries

Market Cap: ₹61.7b

Manufactures and supplies automotive lighting and signaling equipment, rear view mirrors, prismatic mirror, plastic moulded parts, bank angle sensor, canister, and sheet metal components for motorized vehicles in India and internationally.

Symphony

Market Cap: ₹60.6b

Manufactures and trades in air coolers and other appliances under the Symphony brand for residential, commercial, and industrial customers in India and internationally.

Canara Robeco Asset Management

Market Cap: ₹59.4b

Canara Robeco operates as a subsidiary of Canara Bank

Sharda Motor Industries

Market Cap: ₹58.5b

Manufactures, assembles, trades in, and sells auto components to automobiles and electronics original equipment manufacturers in India.

Indraprastha Medical

Market Cap: ₹50.2b

Provides hospital services in India.

Shilchar Technologies

Market Cap: ₹49.8b

Engages in the manufacture and sale of transformers and parts in India.

Crizac

Market Cap: ₹48.8b

Provides educational consultancy services in India and internationally.

Swaraj Engines

Market Cap: ₹48.1b

Manufactures and sells diesel engines and its engine components, hi-tech engine, and spare parts for tractors in India.

Cigniti Technologies

Market Cap: ₹48.0b

Provides digital assurance and software testing services in India, the United States of America, and internationally.

CARE Ratings

Market Cap: ₹46.1b

A credit rating agency, provides various rating and related services in India and internationally.

RPG Life Sciences

Market Cap: ₹38.2b

An integrated pharmaceutical company, develops, manufactures, and markets branded formulations, generic, and synthetic active pharmaceutical ingredients (APIs) in India and internationally.

MPS

Market Cap: ₹37.2b

Provides platforms and services for content creation, full-service production, and distribution to the publishers, learning companies, corporate institutions, libraries, and content aggregators in India, Europe, the United States, and internationally.

Shanthi Gears

Market Cap: ₹36.1b

Designs, manufactures, supplies, and services gears and gear boxes in India, the United States, Europe, and internationally.

Stylam Industries

Market Cap: ₹34.1b

Manufactures and sells laminates and allied products under the STYLAM brand name in India.

Federal-Mogul Goetze (India)

Market Cap: ₹30.0b

Manufactures, supply, and distributes automotive components for two/three/four-wheeler automobiles in India and internationally.

Go Fashion (India)

Market Cap: ₹29.2b

Engages in designing, developing, sourcing, marketing, and retailing of women’s and girl’s bottom-wear products under the Go Colors brand in India.

Nucleus Software Exports

Market Cap: ₹25.4b

Provides lending and transaction banking products to the financial services industry in India, the Far East, South East Asia, Europe, the Middle East, Africa, Australia, and internationally.

Automotive Axles

Market Cap: ₹25.0b

Manufactures and sells automotive components in India.

Sika Interplant Systems

Market Cap: ₹22.8b

Engages in manufacturing and rendering engineering products, engineering projects/systems, and services for aerospace, defense and space, and automotive sectors in India.

EIH Associated Hotels

Market Cap: ₹22.4b

Owns, operates, and manages luxury hotels in India.

Steelcast

Market Cap: ₹22.0b

Manufactures and sells steel and alloy castings in India.

NDR Auto Components

Market Cap: ₹20.8b

Manufactures, fabricates, assembles, sells, and trades in automotive components for passenger cars and utility vehicles in India.

Novartis India

Market Cap: ₹20.2b

Novartis India Limited is involved in the pharmaceutical business in India.

BLS E-Services

Market Cap: ₹20.0b

A technology enabled digital service company, provides assisted E-services and E-governance services in India and internationally.

Delta

Market Cap: ₹19.4b

Operates in the gaming and entertainment, and hospitality businesses in India and internationally.

India Nippon Electricals

Market Cap: ₹19.4b

Manufactures and sells electronic ignition systems for the automotive industry in India and internationally.

DISA India

Market Cap: ₹19.0b

Manufactures and sells foundry machinery and machinery parts in India and internationally.

Expleo Solutions

Market Cap: ₹17.3b

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