Indian Capital Goods Undiscovered Gems With Strong Fundamentals

Yuken India

Market Cap: ₹10.3b

Engages in the manufacture and sale of oil hydraulic equipment primarily in India.

SML Isuzu

Market Cap: ₹24.1b

Manufactures and sells commercial vehicles and related parts in India and internationally.

Interarch Building Solutions

Market Cap: ₹28.5b

Provides pre-engineered steel construction solutions in India.

Force Motors

Market Cap: ₹114.9b

An integrated automobile company, designs, develops, manufactures, and sells a range of automotive components, aggregates, and vehicles in India.

MMTC

Market Cap: ₹75.5b

Operates as a trading company in Asia, Europe, Africa, the Middle East, Latin America, and North America.

KP Green Engineering

Market Cap: ₹20.1b

Engages in engineering and manufacture of steel structure in India.

Rrp Semiconductor

Market Cap: ₹10.0b

Trades in electronic parts in India.

Indo Tech Transformers

Market Cap: ₹22.4b

Manufactures and distributes transformers in India and internationally.

Hind Rectifiers

Market Cap: ₹17.0b

Engages in the designs, development, manufacture, and marketing of power semiconductor devices, power electronic equipment, and railway transportation equipment in India and internationally.

Ajax Engineering

Market Cap: ₹71.2b

Manufactures and sells self-loading concrete mixers, concrete batching plants, and concrete pumps in India, Asia, the Middle East, Europe, Africa, and internationally.

WPIL

Market Cap: ₹39.6b

Engages in designing, developing, manufacturing, erecting, commissioning, and servicing pumps and pumping systems in India and internationally.

Oriana Power

Market Cap: ₹25.6b

Provides solar energy solutions to industrial and commercial customers in India.

Balmer Lawrie

Market Cap: ₹32.0b

Engages in industrial packaging, greases and lubricants, chemicals, logistic services and infrastructure, refinery and oil field, and travel and vacation services businesses in India and internationally.

AXISCADES Technologies

Market Cap: ₹33.6b

Operates as an engineering solutions company in Europe, the United States, the Asia Pacific, and Canada.

Kabra Extrusiontechnik

Market Cap: ₹8.9b

Provides plastic extrusion machinery for manufacturing pipes and films in India.

MSTC

Market Cap: ₹35.2b

Engages in marketing, e-commerce, and scrap recovery and allied job businesses primarily in India.

CFF Fluid Control

Market Cap: ₹8.9b

Manufactures, overhauls, repairs, and maintains shipboard machinery, combat systems, reference systems, and test facilities for submarines and surface ships for Indian navy.

Marsons

Market Cap: ₹25.3b

Engages in manufacturing, supplying, erecting, testing, and commissioning of Power and Distribution transformers in India.

Balmer Lawrie Investments

Market Cap: ₹15.5b

Engages in the industrial packaging, greases and lubricants, chemicals, logistic services and infrastructure, refinery and oil field, and travel and vacation businesses in India.

Bondada Engineering

Market Cap: ₹44.2b

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

Sathlokhar Synergys E&C Global

Market Cap: ₹11.8b

Operates as an integrated engineering, procurement, construction, and infra turnkey contracting company in India.

Lloyds Engineering Works

Market Cap: ₹69.0b

Provides engineering products and services in India.

Krishna Defence and Allied Industries

Market Cap: ₹10.0b

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

Refex Industries

Market Cap: ₹52.4b

Engages in handling and disposal of fly ash in India.

Honda India Power Products

Market Cap: ₹19.8b

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

Paramount Communications

Market Cap: ₹14.9b

Engages in the manufacture and sale of wires and cables to in India.

ESAB India

Market Cap: ₹72.0b

Manufactures and sells welding and cutting equipment and consumables in India.

Advait Energy Transitions

Market Cap: ₹13.4b

Provides products and solutions for power transmission, substation, and telecommunication infrastructure sectors in India and internationally.

Waaree Renewable Technologies

Market Cap: ₹92.1b

Engages in the generation of power through renewable energy sources in India.

Kilburn Engineering

Market Cap: ₹18.5b

Designs, manufactures, supplies, installs, and commissions customized process equipment for various applications in India and internationally.

PIX Transmissions

Market Cap: ₹21.1b

Manufactures and sells belts and related mechanical power transmissions products in India and internationally.

Oriental Rail Infrastructure

Market Cap: ₹10.2b

Engages in manufacturing, buying, and selling of various recron, seat and berth, and compreg board products in India.

B.L. Kashyap and Sons

Market Cap: ₹13.4b

Engages in the construction and infrastructure development activities in India.

Bharat Bijlee

Market Cap: ₹32.5b

Operates as an electrical engineering company in India and internationally.

Shanthi Gears

Market Cap: ₹35.9b

Engages in the design, manufacture, supply, and service of gears and gear boxes in India, the United States, Europe, and internationally.

Inox Green Energy Services

Market Cap: ₹43.7b

Provides operation and maintenance services and common infrastructure facilities for wind turbine generators in India.