Indian Capital Goods Low Leverage High Rewards

Sicagen India

Market Cap: ₹1.9b

Engages in the trade and distribution of building materials in India and internationally.

Swaraj Engines

Market Cap: ₹42.6b

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

SNL Bearings

Market Cap: ₹1.2b

Manufactures and markets antifriction bearing products in India and internationally.

Balmer Lawrie Investments

Market Cap: ₹15.1b

Engages in the industrial packaging, logistic and infrastructure, refinery and oil field, and travel and vacation businesses in India.

Panasonic Carbon India

Market Cap: ₹2.1b

Manufactures and sells carbon rods as a component of dry cell batteries to battery manufacturers in India and internationally.

Bimetal Bearings

Market Cap: ₹2.0b

Manufactures and sells engine bearings, bushings, thrust washers, alloy powder, and bimetallic strips in India and internationally.

Ador Welding

Market Cap: ₹16.3b

Manufactures and supplies welding equipment, consumables, and automation solutions in India and internationally.

Panasonic Energy India

Market Cap: ₹2.0b

Manufactures and supplies dry cell batteries and lighting products in India.

Modison

Market Cap: ₹3.9b

Manufactures and sells electrical contacts for low, medium, and high voltage switchgear industries in India and internationally.

Black Rose Industries

Market Cap: ₹3.7b

Engages in the import, development, manufacturing, export, and distribution of chemicals in India and internationally.

Solitaire Machine Tools

Market Cap: ₹399.6m

Designs, manufactures, and sells precision centerless grinders in India.

Balmer Lawrie

Market Cap: ₹27.7b

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.

Morganite Crucible (India)

Market Cap: ₹6.9b

Manufactures and sells crucibles in India and internationally.

GPT Infraprojects

Market Cap: ₹13.1b

GPT Infraprojects Limited, together with its subsidiaries, carries out civil and infrastructure projects in India and internationally.

Ahlada Engineers

Market Cap: ₹499.1m

Manufactures and sells steel doors and windows in India.

Uniparts India

Market Cap: ₹21.3b

Manufactures and sells engineering systems, solutions, and assemblies primarily for off-highway vehicles in India, the United States, the Asia Pacific, Europe, Japan, and internationally.

Shankara Building Products

Market Cap: ₹2.6b

Operates as a retailer of home improvement and building products in India.

Vinyl Chemicals (India)

Market Cap: ₹3.5b

Engages in the trading of chemicals in India.

Axtel Industries

Market Cap: ₹6.8b

Manufactures, supplies, and sells process engineering equipment and turnkey systems for food processing and pharmaceutical industries in India and internationally.