Indian Retail Potentially Undervalued Small Caps

Olympia Industries

Market Cap: ₹180.9m

Engages in the e-commerce business in India.

Jullundur Motor Agency (Delhi)

Market Cap: ₹2.0b

Trades and distributes automobile parts, accessories, and petroleum products primarily in India.

Credo Brands Marketing

Market Cap: ₹5.7b

Engages in the retail of men’s casual wear under the MUFTI brand in India.

Competent Automobiles

Market Cap: ₹2.3b

Engages in trading and servicing Maruti Suzuki vehicles in India.

Mittal Life Style

Market Cap: ₹408.4m

Engages in supply of bottom weight fabrics and denims primarily in India.

Saraswati Saree Depot

Market Cap: ₹2.2b

Engages in manufacturing and wholesale trading of sarees, dress materials, and allied women’s traditional and ethnic wear garments in India.

Mihika Industries

Market Cap: ₹137.8m

Engages in the trading of commodities and fabrics in India.

Northern Spirits

Market Cap: ₹2.0b

An alcohol beverage company, imports and distributes spirits and wines in India.

Padmanabh Industries

Market Cap: ₹53.7m

Engages in the trading of agriculture goods and commodity and agri materials in India.

NAPS Global India

Market Cap: ₹165.5m

Engages in the import and sale of various types of fabrics and garments products in India.

Add-Shop E-Retail

Market Cap: ₹194.5m

Manufactures and distributes ayurvedic, agricultural, and animal feed supplement products in India.

Oxford Industries

Market Cap: ₹59.4m

Supplies cotton, cotton blended, linen, linen blended, polyester cotton, and polyester viscose shirting fabrics to apparel manufacturers in India.

Kalpa Commercial

Market Cap: ₹89.3m

Engages in the trading of garments and textiles.

Premier Synthetics

Market Cap: ₹73.0m

Trades in cotton and cotton yarn in India.

Maxgrow India

Market Cap: ₹2.8b

Provides human resource services in India.

Eighty Jewellers

Market Cap: ₹473.8m

Engages in the trading and retail of various jewelry in India.