Indian Capital Goods High ROE Growth Engines

Bharat Electronics

Market Cap: ₹2.9t

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

Cummins India

Market Cap: ₹1.5t

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

Siemens Energy India

Market Cap: ₹1.2t

Engages in energy business.

GE Vernova T&D India

Market Cap: ₹1.1t

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

Mazagon Dock Shipbuilders

Market Cap: ₹1.0t

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

Suzlon Energy

Market Cap: ₹661.1b

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

3M India

Market Cap: ₹406.6b

Manufactures and trades in various products in India and internationally.

Garden Reach Shipbuilders & Engineers

Market Cap: ₹297.8b

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

Force Motors

Market Cap: ₹246.3b

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

Cemindia Projects

Market Cap: ₹213.8b

Provides construction and civil engineering contracting services in India.

HBL Engineering

Market Cap: ₹204.2b

Manufactures and sells batteries and other products in India and internationally.

Ingersoll-Rand (India)

Market Cap: ₹136.9b

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

ESAB India

Market Cap: ₹86.6b

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

Lohia

Market Cap: ₹56.1b

Engages in manufacture and sale of machinery and equipment for technical textiles in Latin America, Africa, East Asia and the Middle East.

Swaraj Engines

Market Cap: ₹43.7b

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

Ashoka Buildcon

Market Cap: ₹33.6b

Engages in the construction business in India.

Bondada Engineering

Market Cap: ₹32.8b

Provides engineering, procurement, and construction, and operations and maintenance services for telecom and solar sectors in India.

Oriana Power

Market Cap: ₹29.8b

Provides renewable energy solutions in India.

Jaykay Enterprises

Market Cap: ₹20.4b

Engages in additive manufacturing, prototyping, and 3D printing technology business in India.

Garuda Construction and Engineering

Market Cap: ₹17.0b

Offers civil construction services in India.

Frontier Springs

Market Cap: ₹16.6b

Engages in the production and sale of L.H.B.

Rajesh Power Services

Market Cap: ₹15.5b

Provides engineering, procurement, and construction contracting and services to power transmission and distribution utilities companies in India.

Millworks Technologies

Market Cap: ₹13.9b

Manufactures metal components and assemblies for aerospace, defense, railways, and semiconductor industries.

Vivid Electromech

Market Cap: ₹12.3b

Manufactures low-voltage (LV) and medium-voltage (MV) electrical panels and automation systems.

SRM Contractors

Market Cap: ₹12.1b

Engages in the provision of engineering and construction services in India.

Emkay Tools

Market Cap: ₹10.4b

Manufactures and sells precision cutting tools in India.

Sathlokhar Synergys E&C Global

Market Cap: ₹8.3b

Operates as an integrated engineering, procurement, and construction turnkey contractor in India.

R M Drip and Sprinklers Systems

Market Cap: ₹7.7b

Designs, manufactures, and sells micro irrigation equipment and components in India.

Om Power Transmission

Market Cap: ₹5.9b

An engineering, procurement, and construction company, executes high-voltage and extra-high voltage transmission line projects and substations.

Sunlite Recycling Industries

Market Cap: ₹5.2b

Engages in the manufacturing of copper cables and wires in India.

Tipco Engineering India

Market Cap: ₹3.6b

Manufactures and supplies a range of plants and machinery for paint and coatings, chemical, printing and packaging, metal industry, construction and infrastructure, and machinery and equipment industries in India.

Apex Ecotech

Market Cap: ₹3.6b

Engages in the provision of water and wastewater treatment solutions in India and internationally.

Leapfrog Engineering Services

Market Cap: ₹3.2b

Engages in engineering, procurement, construction, and commissioning services in India and internationally.

Parmeshwar Metal

Market Cap: ₹2.9b

Manufactures and sells copper wire and copper wire rods in India.

Adisoft Technologies

Market Cap: ₹2.9b

Provides repair and automation solutions for the automotive and non-automotive industries.

Simmonds Marshall

Market Cap: ₹2.4b

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