Indian Capital Goods Undiscovered Gems With Strong Fundamentals

Zen Technologies

Market Cap: ₹168.0b

Together with its subsidiary, designs, develops, manufactures, and sells training simulators in India and internationally.

Skipper

Market Cap: ₹61.7b

Manufactures and sells transmission and distribution structures, telecom towers, and fasteners in India.

Elecon Engineering

Market Cap: ₹136.2b

Manufactures and sells Industrial Gears and Material Handling Equipment in India and internationally.

Transrail Lighting

Market Cap: ₹104.7b

An engineering, procurement, and construction (EPC) company, engages in the designing, manufacturing, testing, installation, and supply of galvanized steel structures and conductors for power transmission and distribution in India and internationally.

KRN Heat Exchanger and Refrigeration

Market Cap: ₹53.3b

Manufactures and sells aluminium and copper fin and tube-type heat exchangers for the heat, ventilation, air conditioning, and refrigeration industry.

Pitti Engineering

Market Cap: ₹37.1b

Manufactures and sells iron and steel engineering products in India.

Texmaco Rail & Engineering

Market Cap: ₹64.4b

Manufactures, sells, and provides services for rail and rail related products in India and internationally.

KSB

Market Cap: ₹153.1b

Manufactures and sells power-driven pumps and industrial valves in India and internationally.

Swaraj Engines

Market Cap: ₹54.2b

Manufactures and sells diesel engines and its engine components, hi-tech engine, and spare parts for tractors in India.

Engineers India

Market Cap: ₹134.9b

An engineering consultancy company, provides design, engineering, procurement, construction, and integrated project management services for oil, gas, fertilizers, steel, railways, power, infrastructure, and petrochemical industries worldwide.

Sterling and Wilson Renewable Energy

Market Cap: ₹78.2b

Engages in the provision of engineering, procurement, and construction (EPC) services to solar power projects.

Transformers and Rectifiers (India)

Market Cap: ₹154.4b

Manufactures and sells transformers in India.

INOX India

Market Cap: ₹114.0b

Manufactures and supplies cryogenic liquid storage and transport tanks for gas companies and engineering, procurement, and construction (EPC) companies in India and internationally.

Man Industries (India)

Market Cap: ₹28.1b

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

Jupiter Wagons

Market Cap: ₹156.9b

Manufactures and sells railway wagons, wagon components, and railway transportation equipment in India and internationally.

Kirloskar Pneumatic

Market Cap: ₹96.2b

Engages in the design, manufacture, supply, and sale of industrial air compressors, gas compressors, and pneumatic tools in India and internationally.

ITD Cementation India

Market Cap: ₹141.3b

Provides construction and civil engineering contracting services in India.

Ajax Engineering

Market Cap: ₹81.0b

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

Rolex Rings

Market Cap: ₹41.3b

Manufactures and sells machined and forged bearing rings and automotive components in India and internationally.

Capacit'e Infraprojects

Market Cap: ₹27.7b

Engages in the engineering, procurement, and construction business in India.

Ceigall India

Market Cap: ₹47.6b

Operates as an infrastructure construction company in India.

Azad Engineering

Market Cap: ₹103.4b

Manufactures and sells precision- engineered components in India and internationally.