Indian Capital Goods Undiscovered Gems With Strong Fundamentals

SML Isuzu

Market Cap: ₹60.8b

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

Enviro Infra Engineers

Market Cap: ₹43.8b

Engages in the design, construction, operation, and maintenance of water and wastewater treatment plants (WWTPs) and water supply scheme projects (WSSPs) for government authorities and bodies in India.

KP Green Engineering

Market Cap: ₹28.2b

Engages in engineering and manufacture of steel structure in India.

Indo Tech Transformers

Market Cap: ₹18.4b

Manufactures and sells transformers in India and internationally.

Concord Enviro Systems

Market Cap: ₹11.2b

Engages in providing water and wastewater treatment, and reuse solutions.

Indo Farm Equipment

Market Cap: ₹10.7b

Manufactures and sells agricultural, industrial, and construction equipment in India.

Mamata Machinery

Market Cap: ₹10.1b

Mamata Machinery Limited manufacture and sells plastic bag and pouch making systems in India and internationally.

Hind Rectifiers

Market Cap: ₹26.0b

Designs, develops, manufactures, and markets power semiconductors, power electronic equipment, and railway transportation equipment in India and internationally.

WPIL

Market Cap: ₹41.8b

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

AXISCADES Technologies

Market Cap: ₹52.9b

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

TAAL Enterprises

Market Cap: ₹9.9b

Provides engineering design services in India and internationally.

MSTC

Market Cap: ₹31.8b

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

Taneja Aerospace and Aviation

Market Cap: ₹10.1b

Operates in aerospace and aviation business in India.

Marsons

Market Cap: ₹26.4b

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

CFF Fluid Control

Market Cap: ₹12.3b

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

Oriana Power

Market Cap: ₹43.7b

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

A-1

Market Cap: ₹10.4b

Engages in the trading of various chemicals and acid products in India and internationally.

R M Drip and Sprinklers Systems

Market Cap: ₹10.9b

Designs, manufactures, and sells micro irrigation equipment and components in India.

Yash Highvoltage

Market Cap: ₹13.6b

Manufactures and sells high voltage and high current transformer bushings in India and internationally.

Refex Industries

Market Cap: ₹47.5b

Engages in handling and disposal of fly ash in India.

Lloyds Engineering Works

Market Cap: ₹92.9b

Provides engineering products and services in India.

Advait Energy Transitions

Market Cap: ₹20.1b

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

ESAB India

Market Cap: ₹79.1b

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

Krishna Defence and Allied Industries

Market Cap: ₹10.6b

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

Rajesh Power Services

Market Cap: ₹27.4b

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

Waaree Renewable Technologies

Market Cap: ₹106.6b

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

PIX Transmissions

Market Cap: ₹18.8b

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

Garuda Construction and Engineering

Market Cap: ₹20.1b

Offers civil construction and engineering services in India.

A B Infrabuild

Market Cap: ₹12.5b

Provides construction and related allied services in India.

Bondada Engineering

Market Cap: ₹42.6b

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

Kilburn Engineering

Market Cap: ₹28.5b

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

Diffusion Engineers

Market Cap: ₹13.5b

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

Vascon Engineers

Market Cap: ₹10.8b

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

Sathlokhar Synergys E&C Global

Market Cap: ₹12.1b

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

Morganite Crucible (India)

Market Cap: ₹9.2b

Manufactures and sells crucibles in India and internationally.

Dynamic Cables

Market Cap: ₹20.3b

Manufactures and supplies cables and conductors in India and internationally.