- India Gelatine & Chemicals has reserves of Rs.175 cr. against equity of Rs.7 cr., with promoters holding 69.05% and backing from Japan’s Jellice group. PAT grew 99% to Rs.7.1 cr. in Q3FY26 and 77% to Rs.20.63 cr. in 9MFY26; the stock trades near 9x P/E versus industry 29x and may surpass its high of Rs.514 when sentiment improves.
- Lehar Footwears reported 109% higher PAT of Rs.16.69 cr. in 9MFY26 with promoters holding 72.93%. CRISIL rating upgrade and strong cash flows aided debt reduction; the stock trades at ~15x P/E versus peers’ 30–64x and appears attractive at Rs.185 against its high of Rs.322.180%
- Metroglobal is debt free with reserves of Rs.364.31 cr. against equity of Rs.12.33 cr., while promoters hold 74.73%. Q3FY26 PAT surged 171% to Rs.5.90 cr.; the stock trades at ~5x P/E and 0.34x book value, appearing highly undervalued at Rs.112 versus its high of Rs.210.
- Modern Insulators reported strong earnings with PAT rising 167% to Rs.24.66 cr. in Q3FY26 and 93% to Rs.58.33 cr. in 9MFY26. Robust demand for its products may support strong Q4 performance; above Rs.290 the stock could move towards the Rs.300–330 range.
- Munjal Showa posted PAT of Rs.14.81 cr. in Q3FY26 versus Rs.3.95 cr. in Q2FY26, a sharp 175% q-o-q jump. With reserves of Rs.666.47 cr. against equity of Rs.8 cr. and the stock trading at 0.79x book value with ~16x P/E, it may surpass its 52-week high of Rs.163.
- Omax Auto reported a strong 326% jump in Q3FY26 PAT to Rs.12.22 cr. and has reduced debt. With book value of Rs.148 and the stock trading at 0.78x book with ~11x P/E, valuations appear attractive and the stock may move past its high of Rs.166.
