Indian Capital Goods Potentially Undervalued Companies

Apex Ecotech

Market Cap: ₹1.2b

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

AIA Engineering

Market Cap: ₹296.2b

Designs, develops, produces, installs, and services high chromium wear, corrosion, and abrasion resistant castings in India and internationally.

Apollo Pipes

Market Cap: ₹17.1b

Manufactures and trades in polyvinyl chloride (PVC) pipes and fittings in India.

Hindustan Aeronautics

Market Cap: ₹2.8t

Engages in the design, development, manufacture, repair, overhaul, upgrade, and servicing of aircraft, helicopters, aero-engines, avionics, accessories, and aerospace structures in India and internationally.

Hindustan Aeronautics

Market Cap: ₹2.8t

Engages in the design, development, manufacture, repair, overhaul, upgrade, and servicing of aircraft, helicopters, aero-engines, avionics, accessories, and aerospace structures in India and internationally.

R R Kabel

Market Cap: ₹105.6b

Manufactures and sells wires and cables, and fast-moving electrical goods (FMEG) in India and internationally.

Suzlon Energy

Market Cap: ₹742.1b

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

Pitti Engineering

Market Cap: ₹39.2b

Manufactures and sells iron and steel engineering products in India.

Cords Cable Industries

Market Cap: ₹2.2b

Engages in the design, development, manufacture, and sale of power, control, instrumentation, thermocouple extension/compensating, and communication cables in India.

Yogi Infra Projects

Market Cap: ₹145.9m

Engages in the construction and infrastructure business in India.

Force Motors

Market Cap: ₹116.9b

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

Loyal Equipments

Market Cap: ₹2.2b

Engages in the design, manufacturing, supply, and erection/commissioning of process equipment in India and internationally.

Veritas (India)

Market Cap: ₹10.4b

Trades in and distributes chemicals, such as polymers, paper and paper boards, rubber products, heavy distillates, and petrochemicals in India and internationally.

Shrenik

Market Cap: ₹452.9m

Engages in processing and trading of paper, pulp, and paperboard products in India.

Ircon International

Market Cap: ₹148.9b

Engages in the provision of construction services.

Somany Ceramics

Market Cap: ₹18.0b

Engages in the manufacture and sale of ceramic tiles and related products in India.

AIA Engineering

Market Cap: ₹296.2b

Designs, develops, produces, installs, and services high chromium wear, corrosion, and abrasion resistant castings in India and internationally.

Power Mech Projects

Market Cap: ₹86.3b

Provides services in power and infrastructure sectors in India and internationally.

Ishan International

Market Cap: ₹237.9m

Ishan International Limited markets and sells heavy engineering machinery services in the Philippines, Vietnam, Indonesia, and the United States.

Sturdy Industries

Market Cap: ₹49.9m

Engages in the plastic pipes and irrigation, aluminum, and trading businesses in India.

NRB Bearings

Market Cap: ₹21.0b

Manufactures and sells ball and roller bearings for original equipment manufacturers in India and internationally.

Cords Cable Industries

Market Cap: ₹2.2b

Engages in the design, development, manufacture, and sale of power, control, instrumentation, thermocouple extension/compensating, and communication cables in India.

Texmaco Rail & Engineering

Market Cap: ₹55.2b

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

Nava

Market Cap: ₹142.7b

Engages in the ferro alloys, power, mining, and healthcare businesses in India and internationally.

PNC Infratech

Market Cap: ₹69.6b

Operates as an infrastructure investment, development, construction, operation, and management company in India.