Global Capital Goods High ROE Growth Engines

Safran

Market Cap: €121.3b

Engages in the aerospace and defense businesses in France, rest of Europe, the Americas, the Asia-Pacific, Africa, and the Middle East.

Atlas Copco

Market Cap: SEK 689.2b

Provides compressed air and gas, vacuum, energy, dewatering and industrial pumps, industrial power tools, and assembly and machine vision solutions in North America, South America, Europe, Africa, the Middle East, Asia, and Oceania.

Fastenal

Market Cap: US$55.6b

Engages in the wholesale distribution of industrial and construction supplies in the United States, Canada, Mexico, and internationally.

Bharat Electronics

Market Cap: ₹2.8t

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

KONE Oyj

Market Cap: €27.4b

Engages in the elevator and escalator business worldwide.

WEG

Market Cap: R$153.6b

Engages in the production and sale of capital goods in Brazil and internationally.

EMCOR Group

Market Cap: US$28.3b

Provides electrical and mechanical construction and facilities, building, and industrial services in the United States and the United Kingdom.

Sungrow Power Supply

Market Cap: CN¥182.7b

Researches, develops, produces, sells, and services of new energy power equipment in solar, wind, energy storage, hydrogen, electric vehicles, and charging infrastructure.

Kongsberg Gruppen

Market Cap: NOK 259.7b

Provides high-tech systems and solutions primarily to customers in the maritime and defense markets.

Comfort Systems USA

Market Cap: US$25.3b

Provides mechanical and electrical installation, renovation, maintenance, repair, and replacement services for the mechanical and electrical services industry in the United States.

BELIMO Holding

Market Cap: CHF 11.1b

Engages in the development, production, and sale of damper actuators, control valves, sensors, and meters for heating, ventilation, and air conditioning systems (HVAC) in Europe, the Middle East, Africa, the Americas, and the Asia Pacific.

HD Hyundai Electric

Market Cap: ₩17.5t

Manufactures and sells electrical equipment in South Korea.

Mazagon Dock Shipbuilders

Market Cap: ₹1.1t

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

ABB India

Market Cap: ₹1.1t

Develops and sells products and system solutions to utilities, industries, channel partners, and original equipment manufacturers in India and internationally.

Goneo Group

Market Cap: CN¥86.2b

Provides electrical products.

Cummins India

Market Cap: ₹1.1t

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

AtkinsRéalis Group

Market Cap: CA$16.1b

Provides professional services and project management, and capital investment services in United Kingdom, Canada, the United States, Saudi Arabia, and internationally.

A. O. Smith

Market Cap: US$10.0b

Manufactures and markets residential and commercial gas and electric water heaters, boilers, heat pumps, tanks, and water treatment products in North America, China, Europe, and India.

Suzlon Energy

Market Cap: ₹827.6b

Manufactures and sells wind turbine generators and related components in India and internationally.

Sterling Infrastructure

Market Cap: US$9.4b

Engages in the provision of e-infrastructure, transportation, and building solutions in the United States.

MonotaRO

Market Cap: JP¥1.3t

Operates an online MRO products store in Japan and internationally.

Yangzijiang Shipbuilding (Holdings)

Market Cap: S$11.4b

An investment holding company, engages in the shipbuilding activities in the Greater China, Canada, Japan, Italy, Greece, Germany, Bulgaria, United Kingdom, Singapore, and internationally.

RATIONAL

Market Cap: €7.4b

Engages in the development, production, and sale of professional cooking systems for industrial kitchens in Germany, rest of Europe, North America, Latin America, Asia, Australia, New Zealand, the Middle East, and Africa.

GE Vernova T&D India

Market Cap: ₹747.0b

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

Yutong BusLtd

Market Cap: CN¥59.6b

Engages in the manufacture and sale of bus and related products in China and internationally.

Nextracker

Market Cap: US$8.1b

Provides solar tracker technologies and solutions for utility-scale and distributed generation solar applications in the United States and internationally.

IES Holdings

Market Cap: US$7.0b

Designs and installs integrated electrical and technology systems, and provides infrastructure products and services in the United States.

Ningbo Deye Technology Group

Market Cap: CN¥50.3b

Engages in the production and sales of heat exchangers, inverters, and dehumidifiers in South Africa, Brazil, Hongkong, Germany, India, and internationally.

HD HYUNDAI Marine SolutionLTD

Market Cap: ₩8.7t

HD Hyundai Marine Solution Co., Ltd. provides integrated engineering-based services to Hyundai brand ships.

Riyadh Cables Group

Market Cap: ر.س20.5b

Manufactures and supplies various types of wires and cables to the power transmission and communication sectors in the Kingdom of Saudi Arabia.

Travaux Généraux de Construction de Casablanca

Market Cap: د.م37.2b

Engages in the public industrial works and construction business in Morocco.

Budimex

Market Cap: zł14.3b

Operates as a construction company in Poland, Germany, Slovakia, Czechia, Latvia, rest of the European Union, and internationally.

3M India

Market Cap: ₹343.3b

Manufactures and trades in various products in India and internationally.

Neway Valve (Suzhou)

Market Cap: CN¥25.4b

Researches, develops, produces, and sells industrial valves in the People’s Republic of China and internationally.

Garden Reach Shipbuilders & Engineers

Market Cap: ₹302.3b

Engages in the design and construction of war ships in India.

Argan

Market Cap: US$3.3b

Through its subsidiaries, provides engineering, procurement, construction, commissioning, maintenance, project development, and technical consulting services to the power generation market in the United States, Republic of Ireland, and the United Kingdom.