India, Oct. 4 -- The Indian market has several companies where relatively modest debt levels are accompanied by valuations that appear lower than their own historical benchmarks. This combination can help investors identify stocks that may warrant closer attention, particularly when balance-sheet strength is considered alongside valuation. The following list highlights five companies that stand out on these parameters, spanning sectors such as renewable energy, healthcare, consumer products and power equipment.

Waaree Renewable Technologies Ltd Waaree Renewable Technologies operates in the renewable energy space, with a focus on solar power generation and related clean-energy solutions. The company develops and operates renewable energy ...