Indian Materials Potentially Undervalued Small Caps

Prolife Industries

Market Cap: ₹241.6m

Manufactures and sells naphthalene-based intermediates for dyes, pigments, pharmaceuticals, agrochemicals, and others in India.

Ruchira Papers

Market Cap: ₹3.2b

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

Kritika Wires

Market Cap: ₹1.4b

Engages in the manufacture and supply of industrial steel and galvanized wires in India.

K I C Metaliks

Market Cap: ₹939.6m

Engages in the manufacture and sale of iron and steel, and allied products in India.

Innovative Tech Pack

Market Cap: ₹300.6m

Engages in the manufacture and resale of plastic bottles, jars, containers, and pre-forms and caps in India.

Sahyadri Industries

Market Cap: ₹2.4b

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

G M Polyplast

Market Cap: ₹861.4m

Manufactures and supplies plastic granules and sheets in India and internationally.

SPP Polymer

Market Cap: ₹186.2m

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

Paragon Fine And Speciality Chemical

Market Cap: ₹763.1m

Manufactures and sells specialty intermediates, cosmetics intermediates, pharma intermediates, and agro intermediates in India.

Stanpacks (India)

Market Cap: ₹58.2m

Manufactures and sells polypropylene (PP) bags in India.

Narmada Gelatines

Market Cap: ₹2.2b

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

Modern Steels

Market Cap: ₹164.9m

Engages in the steel manufacturing business in India.

Kamdhenu

Market Cap: ₹5.6b

Manufactures, markets, and distributes thermo mechanical treatment (TMT) bars, structural steel, and allied products under the Kamdhenu brand name in India.

Sangal Papers

Market Cap: ₹196.2m

Engages in the manufacturing of paper in India.

Metal Coatings (India)

Market Cap: ₹381.0m

Manufactures and sells cold-rolled steel strips and hot-rolled pickled and oiled steel strips and coils in India.

Superior Industrial Enterprises

Market Cap: ₹389.7m

Engages in the manufacturing of corrugated boxes in India.

B. D. Industries (Pune)

Market Cap: ₹1.5b

Develops, manufactures, supplies, and sells molded plastic products in India and internationally.

SMVD Poly Pack

Market Cap: ₹112.3m

Manufactures and markets flexible intermediate bulk containers (FIBC) packaging products primarily in India.

Dynemic Products

Market Cap: ₹2.7b

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

Gujarat Containers

Market Cap: ₹856.0m

Manufactures and sells barrels in India.

Hindustan Organic Chemicals

Market Cap: ₹1.8b

Manufactures and sells bulk industrial chemicals and chemical intermediates in India.

Bedmutha Industries

Market Cap: ₹3.3b

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

Eiko LifeSciences

Market Cap: ₹779.9m

Together with its subsidiary, manufactures and sells specialty and fine chemicals in India and internationally.

Hindustan Tin Works

Market Cap: ₹1.0b

Manufactures and sells tin cans, printed sheets, and related components in India and internationally.

Jayant Agro-Organics

Market Cap: ₹5.2b

An oleochemical company, engages in manufacturing and trading of castor oil and its derivatives in India and internationally.

Southern Gas

Market Cap: ₹562.5k

Produces and supplies medical, industrial, chemical, shielding, cutting, and laser gases in India.

Samrat Pharmachem

Market Cap: ₹649.5m

Engages in the manufacture and sale of pharmaceutical chemicals in India.

Asahi Songwon Colors

Market Cap: ₹2.5b

Manufactures and sells color pigments and derivatives in India.

Jumbo Bag

Market Cap: ₹475.6m

Manufactures and sells flexible intermediate bulk container packaging materials for industrial purposes in India and internationally.

20 Microns

Market Cap: ₹5.4b

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

Crestchem

Market Cap: ₹252.0m

Manufactures, markets, and exports nutrition-chemical products in India and internationally.

Archit Organosys

Market Cap: ₹796.6m

Manufactures and trades in chemical products in India and internationally.

Inani Marbles and Industries

Market Cap: ₹184.1m

Engages in manufacturing, processing, and trading of granite, stone and marble blocks, slabs, tiles, and allied products in India.

Owais Metal and Mineral Processing

Market Cap: ₹2.0b

Manufactures, processes, and sells various metals and minerals in India.

National Peroxide

Market Cap: ₹2.2b

Manufactures and sells hydrogen peroxide in India.

Neochem Bio Solutions

Market Cap: ₹1.2b

Engages in the manufacturing and sale of specialty performance chemicals in India and internationally.