Indian Low Leverage High Rewards

Tech Mahindra

Market Cap: ₹1.3t

Provides information technology services and solutions in the Americas, Europe, India, and internationally.

Xchanging Solutions

Market Cap: ₹9.5b

Provides information technology services in India, Europe, the United States, Singapore, and internationally.

SNL Bearings

Market Cap: ₹1.4b

Manufactures and markets antifriction bearing products in India and internationally.

ITC

Market Cap: ₹5.2t

Engages in the fast-moving consumer goods, paperboards, paper and packaging, and agri businesses in India and internationally.

Gujarat Intrux

Market Cap: ₹1.4b

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

Star Paper Mills

Market Cap: ₹2.7b

Manufactures and supplies paper and paper boards in India and internationally.

Joindre Capital Services

Market Cap: ₹768.1m

Together with its subsidiary, engages in the share stock broking and related activities in India.

Styrenix Performance Materials

Market Cap: ₹46.3b

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

Alldigi Tech

Market Cap: ₹15.5b

Provides business process solutions in India and internationally.

S Chand

Market Cap: ₹6.8b

S Chand and Company Limited, an education content company, develops and delivers content, solutions, and services for the early learning, K-12, and higher education segments in India.

Cyber Media Research & Services

Market Cap: ₹259.4m

Provides market research and management consulting services in India and internationally.

R Systems International

Market Cap: ₹51.3b

A digital product engineering company, designs and builds chip-to-cloud software products and platforms.

Indian Energy Exchange

Market Cap: ₹124.6b

Provides automated trading platform for physical delivery of electricity, renewable energy, and certificates.

Engineers India

Market Cap: ₹107.0b

An engineering consultancy company, provides design, engineering, procurement, construction, and integrated project management services for oil, gas, fertilizers, steel, railways, power, infrastructure, and petrochemical industries worldwide.

Page Industries

Market Cap: ₹485.4b

Manufactures, markets, and distributes textile garments and clothing accessories for men, women, and kids in India and internationally.

Honda India Power Products

Market Cap: ₹29.1b

Engages in the manufacture, marketing, and sale of portable generators, water pumps, general purpose engines, lawn mowers, brush cutters, portable gensets, tillers, and marine engines in India and internationally.

Global Education

Market Cap: ₹3.3b

Provides educational and consultancy services in India.

Bimetal Bearings

Market Cap: ₹2.4b

Manufactures and sells engine bearings, bushings, thrust washers, alloy powder, and bimetallic strips in India and internationally.

Goodyear India

Market Cap: ₹22.6b

Manufactures and sells tyres, tubes, and flaps under the Goodyear brand in India and internationally.

Bharat Bhushan Finance & Commodity Brokers

Market Cap: ₹189.9m

A non-banking financial company, engages in the investment and securities trading business in India.

General Insurance Corporation of India

Market Cap: ₹677.6b

Provides reinsurance services in India and internationally.

VST Industries

Market Cap: ₹46.3b

Engages in the manufacturing, trading, and marketing of cigarettes, tobacco, and tobacco products in India and internationally.

Uniparts India

Market Cap: ₹17.9b

Manufactures and sells engineering systems, solutions, and assemblies primarily for off-highway vehicles in India, the United States, the Asia Pacific, Europe, Japan, and internationally.

Indraprastha Gas

Market Cap: ₹285.7b

Engages in the distribution and sale of natural gas in India.

Nexus Select Trust

Market Cap: ₹227.4b

n/a

Kotyark Industries

Market Cap: ₹2.7b

Engages in the development of biofuels in India.

Indus Infra Trust

Market Cap: ₹49.7b

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

NMDC

Market Cap: ₹610.5b

Explores for and produces iron ore in India and internationally.

Advani Hotels & Resorts (India)

Market Cap: ₹5.3b

Engages in the hotel business in India.

Geojit Financial Services

Market Cap: ₹20.2b

An investment services company, provides broking and financial services in India, Oman, Kuwait, the United Arab Emirates, and Saudi Arabia.

GPT Infraprojects

Market Cap: ₹14.6b

GPT Infraprojects Limited, together with its subsidiaries, carries out civil and infrastructure projects in India and internationally.

India Motor Parts & Accessories

Market Cap: ₹12.9b

Sells and distributes automobile spare parts and accessories in India.

Vibrant Global Capital

Market Cap: ₹970.6m

A non-banking financial company, engages in lending and investing activities in India.

Rubfila International

Market Cap: ₹3.9b

Manufactures and sells talcum coated and silicon coated heat latex resistant rubber threads in India, Asia, Europe, Africa, and the United States.

Sanofi India

Market Cap: ₹117.2b

Manufactures and trades in drugs and pharmaceutical products in India, Singapore and internationally.

D.K. Enterprises Global

Market Cap: ₹527.1m

Together with its subsidiary, engages in the manufacture and sale of paper-based packing materials, self-adhesive tapes, and laminated products in India.