India’s stock market recently experienced a broad-based correction—providing a rare window for investors seeking long-term value. While short-term volatility can be unnerving, such downturns often expose compelling investment opportunities in companies with strong fundamentals, scalable business models, and robust growth outlooks.
This comprehensive analysis explores five fundamentally
sound companies, all of which are currently trading at 20% to 47% below
their respective 52-week highs or all-time highs. These stocks span
industries like renewable energy, fashion jewellery, industrial engineering,
specialty chemicals, and herbal nutraceuticals.
Each stock was selected for its:
- Solid financial health and growth trajectory
- Market leadership or disruptive business model
- Transparent disclosures, audited financials, and
investor-friendly policies
Whether you're a novice investor or a seasoned professional, this guide provides actionable insights backed by robust data and forward-looking analysis.
 |
| 5 Best Fundamentally Sound Stocks on Sale! With a 20% Discount from all time high ! / NSEBSESTOCKMARKET.COM |
I. Company-by-Company Deep Dive
1. Waaree Renewable Technologies Ltd (BSE: 534618)
Business Summary: Waaree Renewable Technologies is a
key player in India’s solar EPC space. The company offers end-to-end
engineering, procurement, and commissioning services for both utility-scale and
rooftop solar projects.
Major Clients: NTPC, Tata Power Solar, IndianRailways, and multiple public sector undertakings.
Future Outlook: With India targeting 500 GW of
non-fossil fuel energy by 2030 under the COP26 pledge, Waaree is positioned to
benefit immensely. The company is also expanding into Africa and the Middle
East.
Financial Overview:
- Market
Cap: ₹13,200 Cr
- Current
Market Price (CMP): ₹1,017
- ROE:
50.24%
- ROCE:
62.9%
- Operating
Profit Margin (OPM): 18.9%
- YoY
Net Profit Growth: 205% (Q1 FY26)
- Debt-to-Equity
Ratio: 0.06
- Valuation:
P/E ~37× vs Sector Avg ~41× → ~24% valuation discount
- 52-Week
High: ₹2,075 → Currently down ~23–24%
Investment Case: Exceptional capital efficiency,
minimal debt, and policy tailwinds make Waaree a leader in the green energy
revolution.
2. PNGS Gargi Fashion Jewellery Ltd (BSE: 543709)
Business Summary: PNGS Gargi designs and markets
silver-based fashion jewellery under the ‘Gargi’ brand. Its products appeal to
the aspirational, middle-income segment of Indian consumers.
Major Clients & Channels: Amazon, Flipkart,
Myntra, retail partners, and exclusive outlets.
Future Outlook: With plans to scale up to 100+
outlets by FY27 and aggressive marketing strategies, Gargi is evolving into a
national lifestyle brand.
Financial Overview:
- Market
Cap: ₹920 Cr
- CMP:
₹800
- ROE:
44.8%
- ROCE:
59.8%
- OPM:
25.2%
- YoY
Net Profit Growth: 35%
- Debt:
None
- 52-Week
High: ₹1,517 → Currently down ~47%
Investment Case: Debt-free operations, strong
branding, and robust margins make it an attractive play in India’s organised
jewellery retail segment.
3. Oswal Pumps Ltd (NSE: OSWALPUMPS)
Business Summary: Oswal Pumps manufactures over 600
models of solar, submersible, and agricultural pumps. It has a significant
footprint in government-sponsored schemes like PM-KUSUM.
Major Clients: State governments, EPC contractors,
rural electrification agencies.
Future Outlook: With over 3 million solar pumps
estimated to be installed under government schemes, Oswal’s backward-integrated
manufacturing and quality-driven operations offer high scalability.
Financial Snapshot (DRHP-based):
- Market
Cap (Est.): ₹600 Cr
- CMP:
₹103
- ROE:
29.5%
- ROCE:
33.1%
- OPM:
15.2%
- Profit
CAGR (FY22–25): 38%
- Debt:
Low
Investment Case: Niche leadership and strong policy
support give Oswal a unique advantage in the agri-infra segment.
4. Monolithisch India Ltd (BSE: 543650)
Business Summary: The company specializes in acidic
ramming mass, an essential raw material used in induction furnaces in the steel
sector.
Major Clients: JSW Steel, SAIL, and leading private
steelmakers.
Future Outlook: Given India's steel production
targets and global demand, Monolithisch stands to gain from long-term supply
contracts and export potential.
Financial Highlights (Pre-IPO):
- Market
Cap: ₹115 Cr
- CMP:
₹77
- ROE:
26.7%
- ROCE:
34.2%
- OPM:
18.4%
- Profit
CAGR: 41% (FY21–24)
Investment Case: High operating margins, long-term
contracts, and a niche industrial material focus make this a potential
multibagger.
5. Chemkart India Ltd (BSE: 543637)
Business Summary: Chemkart manufactures herbal and
nutraceutical products, primarily under white-label agreements. The firm is
actively expanding into sports nutrition and D2C wellness products.
Major Clients & Markets: Distributors and
retailers across UAE, Europe, Australia. Entering US and Japan markets.
Future Outlook: New manufacturing facilities in
Gujarat will double production capacity. The firm is launching its own product
lines in India.
Financial Snapshot (Pre-IPO):
- Market
Cap: ₹140 Cr
- CMP:
₹42
- ROE:
59%
- ROCE:
62%
- OPM:
23.7%
- CAGR
Profit Growth: 44%
- P/E
Ratio: 11.7×
- Debt-to-Equity:
0.32
Investment Case: Strong profitability,
undervaluation, and export-driven growth make Chemkart a unique opportunity in
the fast-growing wellness segment.
II. Technical Overview: Trend Zones & Momentum
Waaree Renewable
- CMP:
₹1,017
- Support:
₹950 (200-DMA)
- Resistance:
₹1,250
- RSI:
42 → Neutral Zone
- MACD:
Bullish crossover
PNGS Gargi
- CMP:
₹800–810
- RSI:
38 → Oversold territory
- Pattern:
Double bottom at ₹770
- Volume:
Gradually increasing
Investor Note: Always use stop-losses and risk
management techniques. Maintain a 1:2 risk–reward ratio.
III. Summary Table
|
Stock Name |
Market Cap (₹ Cr) |
CMP (₹) |
ROE (%) |
ROCE (%) |
OPM (%) |
Profit Growth (%) |
|
Waaree |
13,200 |
1,017 |
50.24 |
62.9 |
18.9 |
205 |
|
PNGS
Gargi |
920 |
800 |
44.8 |
59.8 |
25.2 |
35 |
|
Oswal
Pumps |
600 (est.) |
103 |
29.5 |
33.1 |
15.2 |
38 |
|
Monolithisch |
115 |
77 |
26.7 |
34.2 |
18.4 |
41 |
|
Chemkart |
140 |
42 |
59 |
62 |
23.7 |
44 |
† Data based on IPO or DRHP filings
IV. Portfolio Allocation Strategy
- 70%
Weight: Stable, listed players with strong governance (Waaree, PNGS
Gargi)
- 30%
Weight: Emerging, high-growth IPO names (Chemkart, Oswal,
Monolithisch)
- Rebalancing
Period: Post Q1 FY26 results (September–October 2025)
V. Sources and References
- Trendlyne,
Screener, Moneycontrol
- Company
DRHPs, Investor Presentations
- Economic Times, Business Today, ICICI Direct
Disclaimer
This analysis is intended for educational and informational
purposes only. It is not investment advice. Readers are advised to consult a
SEBI-registered financial advisor before making any equity investment
decisions.
