Indian Capital Goods Undervalued based on future growth

GMR Power And Urban Infra

Market Cap: ₹77.8b

Engages in the energy, urban infrastructure, and transportation businesses in India.

Man Industries (India)

Market Cap: ₹42.7b

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

Enviro Infra Engineers

Market Cap: ₹38.4b

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.

J. Kumar Infraprojects

Market Cap: ₹38.1b

Engages in the construction business in India.

H.G. Infra Engineering

Market Cap: ₹37.0b

Engages in the engineering, procurement, and construction (EPC) business in India.

Patel Engineering

Market Cap: ₹33.6b

Provides infrastructure and construction services in India and internationally.

Capacit'e Infraprojects

Market Cap: ₹22.3b

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

M & B Engineering

Market Cap: ₹17.3b

An engineering company, engages in the design, manufacturing, and installation of pre-engineered metal buildings, self-supported steel roofing, and complex steel components.