Seven Indian companies have announced significant work order wins across renewable energy, infrastructure, and manufacturing sectors, demonstrating strong business momentum despite challenging market conditions. The combined value of domestic orders exceeds ₹83.00 crores, with additional international contracts strengthening the companies' growth prospects.

Major Renewable Energy Wins

Inox Green Energy Services secured a Letter of Award (LoA) from KEC International for operations and maintenance of a 625 MWp solar project in Bhadla, Rajasthan. This contract expands the company's solar O&M portfolio beyond 3 GW and total renewable O&M capacity above 13 GW.

Waaree Energies strengthened its order book with fresh solar module supply contracts totaling 2,210 MW. The company secured a 210 MW DCR module order in India, while its US subsidiary Waaree Solar Americas Inc. won a substantial 2,000 MW order in the United States.

Waaree Renewable Technologies received a domestic commercial order for executing an EPC ground-mounted solar PV project with 10 MWac/14 MWp capacity. The turnkey project for an industrial gas manufacturer is valued at ₹37.96 crores excluding taxes and scheduled for completion during FY27.

Infrastructure and Manufacturing Orders

Sanghvi Movers secured an international work order from Jindal Energy Botswana for crane supply services linked to a 4×175 MW power project. The contract, valued at USD 4.30 million, will commence in Q4 FY26 and conclude by Q4 FY28.

Ashapuri Gold Ornament received domestic purchase orders worth approximately ₹29.00 crores from prominent regional and national jewellery retail chains, including leading big-box jewellers. The gold jewellery supply orders are scheduled for execution within 60 days.

Polysil Irrigation Systems entered a distributorship agreement with Vaira Green to promote and sell products across Madhya Pradesh. The domestic agreement targets government irrigation and rural development projects with an aggregate order value of ₹16.00 crores, scheduled for execution within three months.

Prostarm Info Systems emerged as the L-1 bidder for a Steel Authority of India project to supply, install, and commission a 2 MW (AC) rooftop solar PV system at the Burnpur plant in West Bengal, valued at ₹6.71 crores.

Market Performance Overview

Despite the positive business developments, most companies experienced stock price declines. Market sentiment remained weak due to global trade concerns and foreign fund outflows, with the Nifty trading near 25,450 levels.

The order wins across renewable energy, infrastructure, and manufacturing sectors highlight strong execution capabilities and expanding market presence for these companies, positioning them well for future growth despite current market volatility.

Five stocks trading below ₹100 are attracting attention for their price-to-earnings ratios that fall significantly below their respective industry averages, potentially indicating undervaluation opportunities. The PE ratio, which measures a company's share price relative to its earnings per share, serves as a key metric for assessing whether stocks are fairly priced or trading below intrinsic value.

Mining Sector Leader Shows Strong Fundamentals

National Mineral Development Corporation (NMDC) stands out with compelling valuation metrics in the mining sector. The government-owned company, which operates as India's largest iron ore producer with major mines in Chhattisgarh and Karnataka, trades at a PE ratio of 10.50 compared to the industry average of 22.20.

The company's operations extend beyond iron ore to include exploration of copper, rock phosphate, and diamonds, positioning it as a critical supplier to India's steel industry.

Renewable Energy and Industrial Players

Websol Energy System demonstrates attractive metrics in the solar energy sector. Established in 1990, the company manufactures monocrystalline solar photovoltaic cells and modules from its facility in Falta SEZ, West Bengal. The stock trades at a PE ratio of 17.20 against the industry average of 27.60, while delivering exceptional returns with ROCE of 59.20% and ROE of 80.20%.

International Conveyors, a global manufacturer of high-performance conveyor belts for mining and industrial applications, shows significant valuation discount with PE ratio of 7.66 versus industry average of 32.20. The company maintains strong operational efficiency with ROCE of 27.10% and ROE of 26.40%.

Diversified Business Models

BCL Industries operates across multiple sectors including edible oils, distillery products, and real estate. The company's focus on ethanol and biofuel manufacturing aligns with India's alternative energy demands. BCL trades at a PE ratio of 8.36 compared to industry average of 34.30, representing substantial valuation discount.

Infrastructure Development Focus

V.L. Infraprojects, incorporated in 2014 and based in Ahmedabad, specializes in government infrastructure projects with emphasis on water supply and irrigation systems. The company also handles residential construction, roads, and gas supply projects. With PE ratio of 5.81 against industry average of 17.40, it shows the largest valuation discount among the featured stocks while maintaining strong returns with ROCE of 27.30% and ROE of 24.20%.

These stocks span diverse sectors from traditional mining to renewable energy and infrastructure development, each demonstrating PE ratios substantially below industry benchmarks while maintaining generally strong operational metrics and balance sheet positions.