Global Capital Goods Undiscovered Gems With Strong Fundamentals

NICHIDEN

Market Cap: JP¥71.2b

Operates as a trading company in Japan.

V-MARC India

Market Cap: ₹18.6b

Manufactures and markets electrical wires and cables under the V-Marc brand name in India.

Kimura Chemical Plants

Market Cap: JP¥22.5b

Operates as an engineering company.

Tomoe

Market Cap: JP¥74.9b

Operates in the general construction, steel structures construction, and real estate businesses in Japan.

Hsin Yung Chien

Market Cap: NT$7.1b

Manufactures and sells rubber conveyor belts in Taiwan and internationally.

Semba

Market Cap: JP¥19.1b

Plans, designs, constructs, and supervises commercial spaces in Japan, Taiwan, and internationally.

Diffusion Engineers

Market Cap: ₹13.8b

Manufactures and sells welding consumables, wear plates and parts, and heavy engineering equipment for various industries in India and internationally.

Tenryu Saw Mfg

Market Cap: JP¥19.3b

Manufactures and sells saw blades in Japan and internationally.

Reach Machinery

Market Cap: CN¥5.8b

Engages in the research, development, production, and sale of components for automation equipment, power transmission, and braking systems in China and internationally.

Honda India Power Products

Market Cap: ₹25.7b

Engages in the manufacture, marketing, and sale of portable generators, water pumps, general purpose engines, lawn mowers, brush cutters, hand tools, portable gensets, tillers, and marine engines in India and internationally.

Vilas Transcore

Market Cap: ₹10.8b

Manufactures and sells cold-rolled grain-oriented (CRGO) transformer laminations and allied components in India and internationally.

DMW

Market Cap: JP¥21.3b

Engages in the development, manufacture and sale of fluid machinery in Japan and internationally.

Sathlokhar Synergys E&C Global

Market Cap: ₹13.4b

Operates as an integrated engineering, procurement, and construction turnkey contractor in India.

Kawasaki Setsubi Kogyo

Market Cap: JP¥28.9b

Engages in the construction business in Japan.

Advan Group

Market Cap: JP¥29.9b

Imports and sells building materials in Japan.

Asanuma

Market Cap: JP¥75.8b

Operates as a general contractor in Japan and internationally.

Bondada Engineering

Market Cap: ₹46.1b

Provides engineering, procurement, and construction, and operations and maintenance services for telecom and solar sectors in India.

Agostini's

Market Cap: TT$4.3b

Engages in trading and distribution, and manufacturing/packaging of certain food products in the Republic of Trinidad and Tobago, Barbados, and internationally.

Ablerex Electronics

Market Cap: NT$3.7b

Manufactures and sells uninterruptible power supplies (UPS) and power quality devices for use in industrial and informatics applications in Taiwan and internationally.

Rajesh Power Services

Market Cap: ₹24.7b

Provides engineering, procurement, and construction contracting and services to power transmission and distribution utilities companies in India.

Hashimoto Sogyo HoldingsLtd

Market Cap: JP¥23.7b

Engages in the processing, manufacture, and sale of plumbing and housing equipment in Japan.

Daisue Construction

Market Cap: JP¥36.4b

Operates as a construction company in Japan.

Century Huaxin Wind Energy

Market Cap: NT$12.1b

Manufactures and sells underwater foundation piles in Taiwan.

Shandong Tengda Fasten Tech

Market Cap: CN¥4.5b

Engages in the research, development, production, and sale of stainless-steel fastener products in China and internationally.

AS Merko Ehitus

Market Cap: €477.9m

Through its subsidiaries, engages in the construction and real estate development activities in the Republic of Estonia, Latvia, Lithuania, and Norway.

Yamaura

Market Cap: JP¥27.8b

Operates as a construction company in Japan.

Jiangxi First Hydraulic

Market Cap: CN¥3.2b

Engages in the research, development, manufacture, and sale of hydraulic piping system components in China.

Shenzhen Colibri Technologies

Market Cap: CN¥8.5b

Engages in the research and development, design, production, sale, and technical service of industrial automation equipment and precision parts in China.

Vascon Engineers

Market Cap: ₹13.0b

Provides engineering, procurement, and construction (EPC) services in India.

Create Technology & ScienceLtd

Market Cap: CN¥5.5b

Engages in the research and development, production, and sale of high-voltage insulators for power transmission and transformation, clean environmental protection equipment and engineering in China and internationally.

mPLUS

Market Cap: ₩179.2b

Manufactures and sells secondary battery manufacturing equipment in South Korea, China, Asia, the Americas, Europe, and internationally.

Krishna Defence and Allied Industries

Market Cap: ₹11.9b

Engages in the designing, developing, and manufacturing range of equipment for defence, security, dairy, and kitchen verticals in India.

Singamas Container Holdings

Market Cap: HK$1.6b

An investment holding company, manufactures and sells containers and other related products.

Hsino Tower Group

Market Cap: CN¥12.3b

Engages research, development, production, and sale of transmission line towers and voltage level structures.

Paramita Bangun Sarana

Market Cap: Rp3.8t

Engages in the construction business in Indonesia and Malaysia.

Uniphos Enterprises

Market Cap: ₹10.6b

Engages in trading chemicals and agro commodities in India.