Global Capital Goods High ROE Growth Engines

Atlas Copco

Market Cap: SEK 735.6b

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$47.8b

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.

WEG

Market Cap: R$187.4b

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

KONE Oyj

Market Cap: €28.7b

Engages in the elevator and escalator business worldwide.

Kongsberg Gruppen

Market Cap: NOK 318.9b

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

EMCOR Group

Market Cap: US$21.3b

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

Mazagon Dock Shipbuilders

Market Cap: ₹1.5t

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

Sungrow Power Supply

Market Cap: CN¥125.3b

Researches, develops, produces, sells, and services solar, wind, electric, and other energy storage equipment worldwide.

Comfort Systems USA

Market Cap: US$17.1b

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

ABB India

Market Cap: ₹1.3t

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¥91.9b

Provides electrical products.

BELIMO Holding

Market Cap: CHF 9.9b

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.

VAT Group

Market Cap: CHF 9.5b

Develops, manufactures, and sells vacuum and gas inlet valves, multi-valve modules, motion components, and edge-welded metal bellows.

MonotaRO

Market Cap: JP¥1.5t

Operates an online MRO products store in Japan and internationally.

HD Hyundai Electric

Market Cap: ₩13.7t

Manufactures and sells electrical equipment in South Korea.

A. O. Smith

Market Cap: US$9.7b

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.

Cummins India

Market Cap: ₹825.3b

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

RATIONAL

Market Cap: €8.1b

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.

Donaldson Company

Market Cap: US$8.4b

Manufactures and sells filtration systems and replacement parts worldwide.

Nextracker

Market Cap: US$8.2b

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

Yutong BusLtd

Market Cap: CN¥54.4b

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

Ningbo Deye Technology Group

Market Cap: CN¥53.8b

Engages in the production and sales of heat exchangers, inverters, and dehumidifiers in China, the United Kingdom, the United States, Germany, India, and internationally.

Fluor

Market Cap: US$7.2b

Provides engineering, procurement, and construction (EPC); fabrication and modularization; and project management services worldwide.

GE Vernova T&D India

Market Cap: ₹587.3b

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

Yangzijiang Shipbuilding (Holdings)

Market Cap: S$8.2b

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

NMDC Group PJSC

Market Cap: د.إ21.8b

Together with subsidiaries, executes engineering, procurement, and construction contracts, and dredging contracts and related land reclamation works in the United Arab Emirates and internationally.

Sterling Infrastructure

Market Cap: US$5.8b

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

HD HYUNDAI Marine SolutionLTD

Market Cap: ₩7.7t

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

Riyadh Cables Group

Market Cap: ر.س20.3b

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

IES Holdings

Market Cap: US$5.1b

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

Budimex

Market Cap: zł16.8b

Operates as an infrastructure and services company in Poland, Germany, Slovakia, Czechia, Latvia and internationally.

Garden Reach Shipbuilders & Engineers

Market Cap: ₹354.0b

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

Tecnoglass

Market Cap: US$4.1b

Manufactures, supplies, and installs architectural glass, windows, and associated aluminum and vinyl products for commercial and residential construction markets in Colombia, the United States, Panama, and internationally.

Voltronic Power Technology

Market Cap: NT$118.4b

Engages in the design, manufacture, and sale of uninterruptible power systems (UPS) in Taiwan and China.

Neway Valve (Suzhou)

Market Cap: CN¥24.0b

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