Indian Net Cash Stocks With A Growth Track Record

Ajax Engineering

Market Cap: ₹77.8b

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

Sharda Motor Industries

Market Cap: ₹70.1b

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

Shilchar Technologies

Market Cap: ₹65.0b

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

eMudhra

Market Cap: ₹62.8b

Provides trust and enterprise solutions to individuals and organizations worldwide.

RateGain Travel Technologies

Market Cap: ₹54.2b

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

Fiem Industries

Market Cap: ₹52.0b

Manufactures and supplies automotive lighting and signaling equipment, rear view mirrors, and sheet metal and plastic parts in India and internationally.

Swaraj Engines

Market Cap: ₹51.6b

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

Cigniti Technologies

Market Cap: ₹49.6b

Provides software testing services worldwide.

Go Fashion (India)

Market Cap: ₹48.8b

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

Indraprastha Medical

Market Cap: ₹46.6b

Provides hospital services in India.

MPS

Market Cap: ₹45.5b

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.

RPG Life Sciences

Market Cap: ₹43.9b

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

Shanthi Gears

Market Cap: ₹38.3b

Engages in the design, manufacture, supply, and service of gears and gear boxes in India, the United States, Europe, and internationally.

V.S.T. Tillers Tractors

Market Cap: ₹35.1b

Manufactures and trades agriculture machinery in India and internationally.

MosChip Technologies

Market Cap: ₹33.4b

A semiconductor and system design company, designs, develops, manufactures, and sells system on chip technologies and Internet on Things solutions in India, North America, and the Asia Pacific.

Nucleus Software Exports

Market Cap: ₹31.6b

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.

Federal-Mogul Goetze (India)

Market Cap: ₹31.0b

Engages in the manufacture, supply, and distribution of automotive components for two/three/four-wheeler automobiles in India and internationally.

Sika Interplant Systems

Market Cap: ₹29.4b

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

Automotive Axles

Market Cap: ₹27.1b

Manufactures and sells automotive components in India.

NDR Auto Components

Market Cap: ₹25.7b

Engages in manufacturing, fabricating, assembling, selling, and trading of automotive components for passenger cars and utility vehicles primarily in India.

Novartis India

Market Cap: ₹25.7b

Operates as a healthcare company in India.

TAJGVK Hotels & Resorts

Market Cap: ₹25.1b

Engages in the business of owning, operating, and managing hotels, palaces, and resorts under the TAJ brand in India.

Delta

Market Cap: ₹24.1b

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

Cantabil Retail India

Market Cap: ₹23.0b

Engages in designing, manufacturing, branding, and retailing apparel and apparel accessories in India.

Sirca Paints India

Market Cap: ₹22.2b

Engages in the import and distribution of wood, metal, and glass coatings in India.

D-Link (India)

Market Cap: ₹20.4b

D-Link (India) Limited markets and distributes D-Link branded networking products for consumers, small businesses, medium to large-sized enterprises, and service providers in India.

DISA India

Market Cap: ₹20.2b

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

Rajoo Engineers

Market Cap: ₹17.5b

Engages in the manufacture and sale of plastic processing machineries and post extrusion equipment in India and internationally.

India Nippon Electricals

Market Cap: ₹17.3b

Provides electronic ignition systems for automotive industry in India and internationally.

Jyoti Resins and Adhesives

Market Cap: ₹16.4b

Manufactures synthetic resin and wood adhesives in India.

Eimco Elecon (India)

Market Cap: ₹16.3b

Engages in the manufacture and sale of equipment for the mining and construction sectors in India.

Jagsonpal Pharmaceuticals

Market Cap: ₹15.3b

Engages in the manufacturing, selling, and trading of pharmaceutical products and active pharmaceutical ingredients in India and internationally.

Alldigi Tech

Market Cap: ₹14.1b

Provides business process solutions in India and internationally.

Benares Hotels

Market Cap: ₹12.8b

Operates hotels in India.

Wealth First Portfolio Managers

Market Cap: ₹12.3b

Provides share and stock broking services in India.

Taneja Aerospace and Aviation

Market Cap: ₹12.1b

Operates in aerospace and aviation business in India.