Indian Materials Potentially Undervalued Small Caps

Rudra Global Infra Products

Market Cap: ₹1.7b

Engages in the manufacture and trading of billets and MS TMT bars in India.

Swashthik Plascon

Market Cap: ₹437.8m

Imports, exports, manufactures, deals, sells, and buys various kinds of plastic raw materials, products, and related machinery in India.

Tirupati Foam

Market Cap: ₹321.7m

Manufactures and sells polyurethane foam and articles in India.

Kesar Petroproducts

Market Cap: ₹1.8b

Manufactures and sells phthalocyanine blue crude and its downstream products in India and internationally.

Creative Castings

Market Cap: ₹695.5m

Engages in the manufacture and sale of machined and unmachined investment castings in India.

G M Polyplast

Market Cap: ₹901.9m

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

Narmada Gelatines

Market Cap: ₹3.1b

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

Indian Toners & Developers

Market Cap: ₹3.0b

Manufactures and sells compatible toners in India.

Star Paper Mills

Market Cap: ₹2.2b

Manufactures and supplies paper, and paper boards and other related products in India and internationally.

Hindustan Adhesives

Market Cap: ₹1.4b

A specialty adhesive coating company, manufactures and sells self-adhesive tapes in India and internationally.

AMD Industries

Market Cap: ₹881.7m

Provides packing solutions in India and internationally.

Bhagawati Oxygen

Market Cap: ₹77.9m

Manufactures and supplies industrial gases in India.

Ritesh International

Market Cap: ₹590.5m

Engages in the manufacture and sale of stearic acids and other non-edible oils for rubber and PVC industries in India.

Sahyadri Industries

Market Cap: ₹3.0b

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

India Gelatine & Chemicals

Market Cap: ₹2.6b

Engages in the manufacture and sale of chemical products in India, the Far East, Europe, and internationally.

Sangal Papers

Market Cap: ₹225.4m

Engages in the manufacturing of paper in India.

Gujarat Intrux

Market Cap: ₹1.5b

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

Polycon International

Market Cap: ₹107.3m

Engages in the manufacture and trading of PET products in India.

Gujarat Containers

Market Cap: ₹896.1m

Manufactures and sells barrels in India.

SMVD Poly Pack

Market Cap: ₹139.9m

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

Dynemic Products

Market Cap: ₹2.9b

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

IVP

Market Cap: ₹1.7b

Engages in the manufacture and distributes chemicals in India.

Tamilnadu Steel Tubes

Market Cap: ₹112.7m

Manufactures and sells black, galvanized, and stainless-steel pipes in India.

Southern Gas

Market Cap: ₹562.5k

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

Caprihans India

Market Cap: ₹1.2b

Engages in the pharmaceutical packaging business in India and internationally.

Resonance Specialties

Market Cap: ₹1.5b

Engages in the manufacture and marketing of specialty chemicals in India and internationally.

Alufluoride

Market Cap: ₹3.5b

Manufactures and sells aluminum fluoride and related products for aluminum smelters in India.

Samrat Pharmachem

Market Cap: ₹784.8m

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

Kamdhenu Ventures

Market Cap: ₹1.6b

Manufactures and supplies paint products in India.

Crestchem

Market Cap: ₹392.1m

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

Bhagwati Autocast

Market Cap: ₹1.4b

Engages in the manufacture and sale of cast iron and spheroidal graphite iron castings in India.

Shiva Global Agro Industries

Market Cap: ₹399.8m

Engages in the manufacture and marketing of fertilizers, soil and crop health products, oils, and de-oiled cakes primarily in India.

Mitsu Chem Plast

Market Cap: ₹2.0b

Manufactures and markets plastic blow and injection molded products in India and internationally.

Cochin Minerals and Rutile

Market Cap: ₹2.0b

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

Aries Agro

Market Cap: ₹4.5b

Engages in the manufacture and supply of micronutrients and other nutritional products for plants and animals.

Poddar Pigments

Market Cap: ₹2.7b

Manufactures and sells color and additive masterbatches for dope dyeing of man-made fibers and various plastic applications primarily in India.