Indian Capital Goods Net Cash Stocks With A Growth Track Record

Hindustan Aeronautics

Market Cap: ₹3.2t

Engages in the design, development, manufacture, repair, overhaul, upgrade, and servicing of aircraft, helicopters, aero-engines, avionics, accessories, and aerospace structures in India and internationally.

Bharat Electronics

Market Cap: ₹3.1t

Designs, manufactures, and supplies electronic equipment and systems for the defense and civilian markets in India.

Cummins India

Market Cap: ₹1.2t

Engages in the design, manufacture, distribution, and service of engines, generator sets, and related technologies in India, Nepal, and Bhutan.

Mazagon Dock Shipbuilders

Market Cap: ₹1.1t

Engages in the building and repairing of ships, submarines, vessels, and related engineering products in India and internationally.

Hitachi Energy India

Market Cap: ₹954.5b

Offers products, projects, and services for electricity transmission and related activities in India and internationally.

GE Vernova T&D India

Market Cap: ₹766.9b

Engages in building power transmission and distribution infrastructure in India and internationally.

3M India

Market Cap: ₹406.7b

Manufactures and trades in various products in India and internationally.

Escorts Kubota

Market Cap: ₹404.9b

Manufactures and sells agricultural and construction equipment in India and internationally.

NBCC (India)

Market Cap: ₹310.4b

Engages in project management consultancy, engineering procurement and construction, and real estate development businesses in India and internationally.

Timken India

Market Cap: ₹232.9b

Manufactures, sells, and distributes tapered and other roller bearings, components, accessories, and mechanical power transmission products in India, the United States, and internationally.

Force Motors

Market Cap: ₹229.7b

An integrated automobile company, designs, develops, manufactures, and sells a range of automotive components, aggregates, and vehicles in India.

Data Patterns (India)

Market Cap: ₹174.4b

Provides defense and aerospace electronics solutions in India.

Triveni Turbine

Market Cap: ₹171.7b

Manufactures and supplies power generating equipment and solutions in India and internationally.

IndiaMART InterMESH

Market Cap: ₹146.8b

Operates an online business-to-business marketplace for business products and services in India and internationally.

Ingersoll-Rand (India)

Market Cap: ₹120.8b

Manufactures and sells industrial air compressors and related services in India.

Elecon Engineering

Market Cap: ₹120.3b

Manufactures and sells Industrial Gears and Material Handling Equipment in India and internationally.

Engineers India

Market Cap: ₹113.0b

An engineering consultancy company, provides design, engineering, procurement, construction, and integrated project management services for oil, gas, fertilizers, steel, railways, power, infrastructure, and petrochemical industries worldwide.

Voltamp Transformers

Market Cap: ₹87.7b

Manufactures and sells electrical transformers in India.

ESAB India

Market Cap: ₹84.1b

Manufactures and sells welding and cutting equipment and consumables in India and internationally.

Ajax Engineering

Market Cap: ₹75.8b

Manufactures and sells self-loading concrete mixers, concrete batching plants, and concrete pumps in India and internationally.

Swaraj Engines

Market Cap: ₹47.5b

Manufactures and sells diesel engines and its engine components, hi-tech engine, and spare parts for tractors in India.

Shanthi Gears

Market Cap: ₹36.1b

Designs, manufactures, supplies, and services gears and gear boxes in India, the United States, Europe, and internationally.

Stylam Industries

Market Cap: ₹34.3b

Manufactures and sells laminates and allied products under the STYLAM brand name in India.

Sika Interplant Systems

Market Cap: ₹22.5b

Engages in manufacturing and rendering engineering products, engineering projects/systems, and services for aerospace, defense and space, and automotive sectors in India.

DISA India

Market Cap: ₹18.9b

Manufactures and sells foundry machinery and machinery parts in India and internationally.

Wendt (India)

Market Cap: ₹16.3b

Manufactures, sells, and services super abrasives, high precision grinding, honing, special purpose machines, and precision components in India and internationally.

Eimco Elecon (India)

Market Cap: ₹9.9b

Engages in the manufacture and sale of equipment for the mining and construction sectors in India.

TAAL Tech

Market Cap: ₹9.6b

Provides engineering design services in India and internationally.

Morganite Crucible (India)

Market Cap: ₹8.9b

Manufactures and sells crucibles in India and internationally.

Taneja Aerospace and Aviation

Market Cap: ₹8.6b

Operates in aerospace and aviation business in India.

Onix Solar Energy

Market Cap: ₹5.9b

Engages in the trading of non-ferrous metals in India.

Mazda

Market Cap: ₹5.0b

Manufactures and sells engineering goods in India and internationally.

Fluidomat

Market Cap: ₹3.8b

Manufactures and sells a range of fixed speed and variable speed fluid couplings for industrial and automotive drives in India.

Cryogenic OGS

Market Cap: ₹2.9b

Designs, manufactures, and sells filtration, metering, and separation systems in India.

Siddhika Coatings

Market Cap: ₹1.4b

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

Narmada Macplast Drip Irrigation Systems

Market Cap: ₹954.7m

Narmada Macplast Drip Irrigation Systems Ltd.