Indian Materials Low Leverage High Rewards

Surya Roshni

Market Cap: ₹47.8b

Manufactures and sells steel pipes and strips, and lighting and consumer durables in India.

Bhansali Engineering Polymers

Market Cap: ₹32.0b

Operates a petrochemical company in India and internationally.

Narmada Gelatines

Market Cap: ₹2.9b

Manufactures and sells gelatine and related products in India and internationally.

National Aluminium

Market Cap: ₹733.4b

Engages in the manufacture and sale of alumina and aluminum products in India and internationally.

Gulf Oil Lubricants India

Market Cap: ₹57.6b

Manufactures, markets, and trades automotive and non-automotive lubricants, and synergy products for use in the automobile and industrial sectors in India and internationally.

GHCL

Market Cap: ₹39.4b

Manufactures and trades inorganic chemicals in India and internationally.

Veedol

Market Cap: ₹25.7b

Engages in the manufacturing and marketing of lubricants under the Veedol brand in India.

Bayer CropScience

Market Cap: ₹183.8b

Engages in the agriculture business in India, Germany, Bangladesh, and internationally.

Ruchira Papers

Market Cap: ₹3.1b

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

GOCL

Market Cap: ₹19.7b

Engages in the electronics manufacturing services and the realty businesses in India and internationally.

Gujarat State Fertilizers & Chemicals

Market Cap: ₹63.8b

Produces and sells fertilizers and chemicals in India.

SPP Polymer

Market Cap: ₹177.0m

Manufactures and sells HDPE/PP woven fabric and bags, non-woven fabrics and bags, and PP multifilament yarn products in India and internationally.

Gujarat Intrux

Market Cap: ₹1.4b

Manufactures and supplies stainless, non-alloy, and alloy steel castings in India.

Indian Toners & Developers

Market Cap: ₹2.4b

Manufactures and sells compatible toners in India.

Castrol India

Market Cap: ₹184.6b

Manufactures and markets automotive and industrial lubricants in India and internationally.

Sharda Cropchem

Market Cap: ₹71.8b

A crop protection chemical company, engages in the provision of various formulations and generic active ingredients worldwide.

Styrenix Performance Materials

Market Cap: ₹36.2b

Engages in the manufacture, trading, and sale of engineering thermoplastics in India.

Agro Phos (India)

Market Cap: ₹542.3m

Engages in the manufacture and sale of fertilizers in India.

Gujarat Narmada Valley Fertilizers & Chemicals

Market Cap: ₹85.9b

Engages in the manufacturing and selling of fertilizers, industrial chemical products and providing IT services in India and internationally.

Gujarat Alkalies and Chemicals

Market Cap: ₹52.9b

Engages in the manufacture and marketing of various chemical products in India.

Kakatiya Cement Sugar and Industries

Market Cap: ₹886.1m

Produces, manufactures, refines, and sells Portland cement in India.

NMDC

Market Cap: ₹777.2b

Explores for and produces iron ore in India and internationally.

Cochin Minerals and Rutile

Market Cap: ₹2.3b

Engages in the manufacturing, marketing, and research activities in the mineral processing sector in India.

Empire Industries

Market Cap: ₹7.3b

Engages in manufacturing and selling of container glass, trading in frozen food, and indenting and property development businesses in India and internationally.

Chambal Fertilisers and Chemicals

Market Cap: ₹171.3b

Produces and sells fertilizers primarily in India.