Indian Capital Goods Undervalued based on future growth

GMR Power And Urban Infra

Market Cap: ₹77.7b

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

Electrosteel Castings

Market Cap: ₹45.1b

Manufactures and supplies ductile iron (DI) pipes, ductile iron fittings (DIF) and accessories, and cast iron (CI) pipes in India and internationally.

Man Industries (India)

Market Cap: ₹43.3b

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

J. Kumar Infraprojects

Market Cap: ₹37.7b

Engages in the construction business in India.

Enviro Infra Engineers

Market Cap: ₹35.6b

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.

H.G. Infra Engineering

Market Cap: ₹34.3b

Engages in the provision of engineering, procurement, and construction (EPC) services in India.

Patel Engineering

Market Cap: ₹28.3b

Provides infrastructure and construction services in India and internationally.

M & B Engineering

Market Cap: ₹15.4b

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