Indian Capital Goods High Return On Equity, Low Debt

Mazagon Dock Shipbuilders

Market Cap: ₹1.1t

Engages in building and repairing of ships, submarines, vessels, and related engineering products in India and internationally.

Suzlon Energy

Market Cap: ₹833.8b

Manufactures and sells wind turbine generators and related components in India and internationally.

GE Vernova T&D India

Market Cap: ₹613.6b

Engages in building power transmission and distribution infrastructure in India and internationally.

Schneider Electric Infrastructure

Market Cap: ₹213.2b

Designs, manufactures, builds, and services products and systems for electricity distribution in India and internationally.

Ingersoll-Rand (India)

Market Cap: ₹121.2b

Manufactures and sells industrial air compressors and related services in India.

Shakti Pumps (India)

Market Cap: ₹108.1b

Engages in the manufacture, trade, and sale of pumps, motors, and their spare parts under the Shakti brand name in India and internationally.

ESAB India

Market Cap: ₹82.7b

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

Ashoka Buildcon

Market Cap: ₹55.4b

Engages in the infrastructure development business in India.

SML Isuzu

Market Cap: ₹52.5b

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

Swaraj Engines

Market Cap: ₹50.2b

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

Rajesh Power Services

Market Cap: ₹25.4b

Provides turnkey projects services in India.

Indian Hume Pipe

Market Cap: ₹21.6b

Engages in construction contract activities in India.

Danish Power

Market Cap: ₹18.5b

Manufactures and sells power equipment in India.

Consolidated Construction Consortium

Market Cap: ₹7.3b

Engages in the provision of construction design, engineering, procurement, construction, and project management services in India and internationally.

Savy Infra and Logistics

Market Cap: ₹3.0b

Operates as an engineering, procurement, and construction company in India.

HVAX Technologies

Market Cap: ₹2.6b

Engages in the designing, engineering, development, and operational support of controlled environment infrastructure and cleanrooms in India.

Smarten Power Systems

Market Cap: ₹2.6b

Together with its subsidiary, engages in the designing and assembling of power back-up and advanced solar power products for residential and commercial facilities under the Smarten brand name.

Aesthetik Engineers

Market Cap: ₹2.2b

Engages in designing, engineering, fabrication, and installation of facade systems in India.

Crown Lifters

Market Cap: ₹1.7b

Engages in hiring of cranes in India.

Apex Ecotech

Market Cap: ₹1.6b

Provides engineering, procurement, and construction solutions in the field of water and wastewater treatment in India and internationally.

Lakshya Powertech

Market Cap: ₹1.4b

Operates as an engineering consultancy and contracting company in India and internationally.

Readymix Construction Machinery

Market Cap: ₹1.3b

Engages in the design, development, fabrication, and installation of various plants and machineries in India and internationally.

Rama Telecom

Market Cap: ₹858.0m

Provides customized end to end networking solutions in the telecom and datacom industries.

Shantidoot Infra Services

Market Cap: ₹519.5m

Operates as an integrated construction and real estate development company in India.

Taparia Tools

Market Cap: ₹425.6m

Engages in the manufacture and trading of hand tools primarily in India.

Aten Papers & Foam

Market Cap: ₹338.4m

Engages in the paper trading business in India.

Manav Infra Projects

Market Cap: ₹211.2m

Provides infrastructure services in India.