Indian Capital Goods Undervalued over 20% based on DCF

Kirloskar Oil Engines

Market Cap: ₹300.7b

Manufactures and distributes diesel engines, agricultural pump sets, electric pump sets, power tillers, generating sets, and spares in India and internationally.

IRB Infrastructure Developers

Market Cap: ₹228.4b

Engages in the infrastructure development business in India.

Zen Technologies

Market Cap: ₹171.8b

Engages in the design, development, manufacture, and sale of training simulators in India and internationally.

Nava

Market Cap: ₹160.6b

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.

Isgec Heavy Engineering

Market Cap: ₹57.6b

Provides engineering solutions worldwide.

WPIL

Market Cap: ₹44.7b

Designs, develops, manufactures, erects, commissions, and services pumps and pumping systems in India and internationally.

GE Power India

Market Cap: ₹43.7b

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

Balmer Lawrie

Market Cap: ₹30.1b

Engages in industrial packaging, greases and lubricants, chemicals, travel and vacations, logistic services and infrastructure, cold chain and refinery and oil field, businesses in India and internationally.

Patel Engineering

Market Cap: ₹28.1b

Provides infrastructure and construction services in India and internationally.

Indian Hume Pipe

Market Cap: ₹20.9b

Engages in construction contract activities in India.

Jain Irrigation Systems

Market Cap: ₹20.4b

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

Capacit'e Infraprojects

Market Cap: ₹18.7b

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

Arisinfra Solutions

Market Cap: ₹11.8b

Engages in the trading, procuring, supplying, and distributing of raw materials for the creation of infrastructure, buildings, and construction in India.

Automobile Corporation of Goa

Market Cap: ₹11.0b

Manufactures and sells pressed parts, components, sub-assemblies, and bus bodies for range of automobiles in India.

Salasar Techno Engineering

Market Cap: ₹10.3b

Engages in the manufacture and sale of galvanized and non-galvanized steel structures in India and internationally.

Black Rose Industries

Market Cap: ₹5.8b

Engages in the import, distribution, and export of specialty and performance chemicals in India and internationally.

MBL Infrastructure

Market Cap: ₹3.7b

Engages in the execution of civil engineering infrastructure projects in India.

Bhavik Enterprises

Market Cap: ₹2.9b

Engages in trading of polymers in India.

Exxaro Tiles

Market Cap: ₹2.7b

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

Innovators Façade Systems

Market Cap: ₹2.2b

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

Simmonds Marshall

Market Cap: ₹2.2b

Engages in the manufacture and sale of industrial fasteners in India and internationally.

Madhav Infra Projects

Market Cap: ₹2.0b

Engages in the development, construction, operation, and maintenance of infrastructure projects in India.

Patels Airtemp (India)

Market Cap: ₹1.6b

Manufactures and sells heat exchangers, pressure vessels, and air-conditioning and refrigeration equipment in India, Canada, the United States, Zambia, the United Kingdom, the Netherlands, Israel, Singapore, and Thailand.

SNL Bearings

Market Cap: ₹1.4b

Manufactures and markets antifriction bearing products in India and internationally.

Coral India Finance and Housing

Market Cap: ₹1.4b

Provides investment services in India.

Siddhika Coatings

Market Cap: ₹1.3b

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

Accord Transformer & Switchgear

Market Cap: ₹1.2b

Engages in the design, engineering, testing, manufacturing, deployment, and supply of a diversified range of electrical power and distribution equipment in India.

International Combustion (India)

Market Cap: ₹1.2b

Manufactures and supplies heavy engineering equipment, geared motors and gear boxes, and dry mix products in India and internationally.

Mysore Petro Chemicals

Market Cap: ₹1.0b

Engages in the manufacturing and trading of petrochemical products in India.

BEW Engineering

Market Cap: ₹670.7m

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

Ahlada Engineers

Market Cap: ₹486.3m

Manufactures and sells steel doors and windows in India.

CCL International

Market Cap: ₹444.1m

Engages in the civil engineering works in India.

Wires and Fabriks (S.A.)

Market Cap: ₹443.2m

Manufactures and sells paper machine clothing in India and internationally.

Austin Engineering

Market Cap: ₹439.6m

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

Chennai Ferrous Industries

Market Cap: ₹273.9m

Engages in the trading of iron and coal-related products in India.

QVC Exports

Market Cap: ₹272.8m

Engages in the deals in ferro alloys in India and internationally.