Indian Capital Goods Undervalued over 20% based on DCF

IRB Infrastructure Developers

Market Cap: ₹245.1b

Engages in the infrastructure development business in India.

GE Power India

Market Cap: ₹55.2b

Engages in the engineering, procurement, manufacturing, construction, maintenance, and servicing of power plants and power equipment in India and internationally.

WPIL

Market Cap: ₹45.6b

Engages in designing, developing, manufacturing, erecting, commissioning, and servicing pumps and pumping systems in India and internationally.

Man Industries (India)

Market Cap: ₹42.6b

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

Indian Hume Pipe

Market Cap: ₹19.3b

Engages in construction contract activities in India.

M & B Engineering

Market Cap: ₹18.3b

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

Garuda Construction and Engineering

Market Cap: ₹16.5b

Offers civil construction services in India.

Emkay Tools

Market Cap: ₹10.8b

Manufactures and sells precision cutting tools in India.

Bajaj Steel Industries

Market Cap: ₹8.4b

Manufactures and sells cotton ginning and pressing machinery in India.

Batliboi

Market Cap: ₹4.0b

Manufactures and trades machine tools and textile engineering machines in India and internationally.

Bhavik Enterprises

Market Cap: ₹3.1b

Engages in trading of polymers in India.

Exxaro Tiles

Market Cap: ₹2.9b

Manufactures and trades vitrified tiles used for flooring solutions in India and internationally.

Cords Cable Industries

Market Cap: ₹2.7b

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

Birla Precision Technologies

Market Cap: ₹2.5b

Manufactures and sells machine tools and accessories, precision and automotive components, and castings in India, Japan, the United States, and internationally.

Innovators Façade Systems

Market Cap: ₹2.3b

Engages in the designing, engineering, fabrication, supply, and installation of facade systems in India.

MetroGlobal

Market Cap: ₹1.7b

Engages in trading of chemicals, textiles, minerals and ores, metals, and precious metals in India, China, the United States, South Africa, and the Middle East.

Siddhika Coatings

Market Cap: ₹1.4b

A texture paint contract company, sells paints and allied products.

ATV Projects India

Market Cap: ₹1.4b

Manufactures and trades engineering equipment in India.

Apollo Techno Industries

Market Cap: ₹1.1b

Engages in the engineering and manufacturing of trenchless technology and foundation equipment for the construction industry in India.

BEW Engineering

Market Cap: ₹798.1m

Designs and manufactures filters and dryers for the chemicals industry in India.

Manugraph India

Market Cap: ₹464.7m

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

Sri KPR Industries

Market Cap: ₹426.9m

Generates and sells wind electric power in India.

Aro Granite Industries

Market Cap: ₹395.4m

Engages in the manufacturing and trading of polished/flamed granite tiles and slabs in India.

Neeraj Paper Marketing

Market Cap: ₹229.9m

Engages in the marketing and trading of paper products in India.

Solve Plastic Products

Market Cap: ₹92.4m

Solve Plastic Products Limited manufacturing of unplasticized polyvinyl chloride (uPVC) pipes and rigid PVC electrical conduits in India.

Fraser

Market Cap: ₹81.8m

Supplies construction materials in India.