Indian Capital Goods Undervalued over 20% based on DCF

Adani Enterprises

Market Cap: ₹2.7t

Operates in the new energy ecosystem, data center, airports, roads, copper, digital space, ropeway system, and other sectors in India and internationally.

Nava

Market Cap: ₹170.4b

Engages in ferroalloy manufacturing, energy, mining, agribusiness, and operation and maintenance services in India, Zambia, the United States, Hong Kong, Japan, the United Arab Emirates, and internationally.

Graphite India

Market Cap: ₹124.8b

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

Happy Forgings

Market Cap: ₹122.3b

Manufactures and sells forgings and related components in India and internationally.

GMR Power And Urban Infra

Market Cap: ₹81.9b

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

J. Kumar Infraprojects

Market Cap: ₹35.6b

Engages in the construction business in India.

Pace Digitek

Market Cap: ₹33.9b

Operates as a service providers in power management, optic fiber laying, and energy management solutions in India, Myanmar, and Africa.

Patel Engineering

Market Cap: ₹26.9b

Provides infrastructure and construction services in India and internationally.

Prince Pipes and Fittings

Market Cap: ₹26.5b

Manufactures and sells piping solutions in India.

Jain Irrigation Systems

Market Cap: ₹23.7b

Manufactures and sells micro-irrigation systems in India, Europe, North America, and internationally.

Axtel Industries

Market Cap: ₹6.4b

Manufactures, supplies, and sells process engineering equipment and turnkey systems for food processing and pharmaceutical industries in India and internationally.

Vishnu Prakash R Punglia

Market Cap: ₹5.3b

Engages in engineering, procurement, and construction of infrastructure projects in India.

Shankara Building Products

Market Cap: ₹3.1b

Operates as a retailer of home improvement and building products in India.

Jyoti

Market Cap: ₹1.5b

Designs, manufactures, and sells pumps and EPC pumping systems in India.

Tarmat

Market Cap: ₹1.4b

Engages in the construction of airfield and national/state highways in India.

Coral India Finance and Housing

Market Cap: ₹1.3b

Provides investment services in India.

Cenlub Industries

Market Cap: ₹1.1b

An engineering company, designs, engineers, manufactures, supplies, installs, and erects lubrication systems for various machines, plants, and equipment in India.

Gautam Exim

Market Cap: ₹920.9m

Engages in the import and trading of waste paper, pulp, specialty chemicals, and finished paper in India.

Semac Construction

Market Cap: ₹851.0m

Provides integrated design, engineering, procurement, construction, and consultancy services for commercial and industrial projects in India.

Shri Balaji Valve Components

Market Cap: ₹791.6m

Engages in the manufacturing of ready-to-assemble valve components in India, Africa, Asia, North America, South America, Europe, Australia, and internationally.

Marco Cables & Conductors

Market Cap: ₹716.2m

Manufactures and sells wires, cable, and conductors in India.

Genpharmasec

Market Cap: ₹647.9m

Genpharmasec Limited buys, sells, and distributes pharmaceutical activities and services in India.

Vigor Plast India

Market Cap: ₹631.5m

Manufactures and supplies PVC pipes and fittings under the Vigor brand name in India.

Ahlada Engineers

Market Cap: ₹579.4m

Manufactures and sells steel doors and windows in India.

Pentagon Rubber

Market Cap: ₹577.9m

Engages in manufacturing conveyor rubber belting India and internationally.

ABM International

Market Cap: ₹434.6m

Engages in the importing and trading of plastic raw materials in India.

Austin Engineering

Market Cap: ₹417.3m

Manufactures and sells bearings and its components in India and internationally.

Manugraph India

Market Cap: ₹404.5m

Engages in the manufacture and sale of printing machines in India and worldwide.

Jai Mata Glass

Market Cap: ₹196.0m

Engages in the trading of glass in India.

Maks Energy Solutions India

Market Cap: ₹183.4m

Engages in manufacturing, supplying, selling, installing, servicing, hiring, and commissioning of diesel generator sets and earth-moving equipment in India.

Kunststoffe Industries

Market Cap: ₹164.6m

Engages in the polymer processing and related businesses in India.

Solid Stone

Market Cap: ₹144.6m

Engages in the natural stone, building materials, and allied building business activities in India, the United States, the Middle East, and the United Kingdom.

Tandhan Industries

Market Cap: ₹66.4m

Engages in commercial service, trading, and marketing of various goods in India.

Trio Mercantile & Trading

Market Cap: ₹65.9m

Engages in trading activities in India.

Promact Plastics

Market Cap: ₹61.2m

Engages in the rental of godowns, and commission and brokerage business in India.

Shelter Infra Projects

Market Cap: ₹53.8m

Engages in the infrastructure and real estate businesses in India and internationally.