Indian Capital Goods Undervalued Small Caps

Technocraft Industries (India)

Market Cap: ₹51.7b

Engages in scaffolding business in India and internationally.

Man Industries (India)

Market Cap: ₹29.8b

Manufactures, processes, sells, and trades in submerged arc-welded pipes and steel products in India.

Ajax Engineering

Market Cap: ₹68.1b

Manufactures and sells self-loading concrete mixers, concrete batching plants, and concrete pumps in India and internationally.

Ador Welding

Market Cap: ₹18.0b

Manufactures and supplies welding equipment, consumables, and automation solutions in India and internationally.