Undervalued Stock Estimates On The Indian Exchange For September 2024

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In the last week, the Indian market is up 1.7% and has surged by 41% over the last 12 months, with earnings forecasted to grow by 17% annually. In this thriving environment, identifying undervalued stocks can provide significant opportunities for investors looking to capitalize on potential growth at a reasonable price.

Top 10 Undervalued Stocks Based On Cash Flows In India

Name

Current Price

Fair Value (Est)

Discount (Est)

Prataap Snacks (NSEI:DIAMONDYD)

₹810.55

₹1509.79

46.3%

Venus Pipes and Tubes (NSEI:VENUSPIPES)

₹2328.75

₹4407.07

47.2%

Apollo Pipes (BSE:531761)

₹632.75

₹1144.25

44.7%

Titagarh Rail Systems (NSEI:TITAGARH)

₹1339.50

₹2174.22

38.4%

Patel Engineering (BSE:531120)

₹61.67

₹94.55

34.8%

IOL Chemicals and Pharmaceuticals (BSE:524164)

₹511.25

₹762.32

32.9%

IRB Infrastructure Developers (NSEI:IRB)

₹60.23

₹93.25

35.4%

Artemis Medicare Services (NSEI:ARTEMISMED)

₹293.15

₹445.15

34.1%

Rajesh Exports (NSEI:RAJESHEXPO)

₹296.15

₹585.75

49.4%

Tarsons Products (NSEI:TARSONS)

₹440.45

₹708.31

37.8%

Click here to see the full list of 27 stocks from our Undervalued Indian Stocks Based On Cash Flows screener.

Let's uncover some gems from our specialized screener.

Jindal Steel & Power

Overview: Jindal Steel & Power Limited operates in the steel, mining, and infrastructure sectors in India and internationally, with a market cap of ₹1.06 trillion.

Operations: The company's revenue primarily comes from manufacturing steel products, totaling ₹510.56 billion.

Estimated Discount To Fair Value: 15.2%

Jindal Steel & Power (JSPL) is trading at ₹1043.1, which is 15.2% below its estimated fair value of ₹1229.36, indicating potential undervaluation based on cash flows. The company's earnings are forecast to grow significantly at 24% annually over the next three years, outpacing the Indian market's expected growth rate of 17.1%. Recent strategic alliances with Jindal Renewables to integrate green hydrogen and renewable energy further enhance JSPL's long-term sustainability and cost-efficiency in steel production.

NSEI:JINDALSTEL Discounted Cash Flow as at Sep 2024
NSEI:JINDALSTEL Discounted Cash Flow as at Sep 2024

Strides Pharma Science

Overview: Strides Pharma Science Limited develops, manufactures, and sells pharmaceutical products across multiple regions including Africa, Australia, North America, Europe, Asia, India, and internationally with a market cap of ₹127.77 billion.

Operations: The company's revenue from the pharmaceutical business, excluding bio-pharmaceuticals, totals ₹42.09 billion.