Indian Capital Goods Undervalued Stocks Based On Cash Flows

Apollo Pipes

Market Cap: ₹17.3b

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

Sterling and Wilson Renewable Energy

Market Cap: ₹58.6b

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

Graphite India

Market Cap: ₹91.6b

Manufactures and sells graphite electrodes, and carbon and graphite specialty products in India and internationally.

JNK India

Market Cap: ₹18.3b

A heating equipment company, engages in designing, engineering, manufacturing, fabricating, procurement, erection, supplying, installing, and commissioning of process fired heaters, reformers, and cracking furnaces in India and internationally.

ITD Cementation India

Market Cap: ₹91.5b

Provides construction and civil engineering contracting services in India.

PSP Projects

Market Cap: ₹25.1b

A construction company, provides construction and related services for industrial, institutional, commercial, residential, hospitality, hospital, and marquee government projects in India.

Uniparts India

Market Cap: ₹14.3b

Manufactures and sells engineering systems, solutions, and assemblies primarily for off-highway vehicles in India, the United States, the Asia Pacific, Europe, Japan, and internationally.