Indian Capital Goods Low Leverage High Rewards

Balmer Lawrie Investments

Market Cap: ₹16.0b

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

Panasonic Carbon India

Market Cap: ₹2.3b

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

Balmer Lawrie

Market Cap: ₹31.0b

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.

SNL Bearings

Market Cap: ₹1.3b

Manufactures and markets antifriction bearing products in India and internationally.

Bimetal Bearings

Market Cap: ₹2.2b

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

Ador Welding

Market Cap: ₹18.7b

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

NRB Bearings

Market Cap: ₹36.2b

Manufactures and sells ball and roller bearings for original equipment manufacturers in India and internationally.

Panasonic Energy India

Market Cap: ₹2.3b

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

Swaraj Engines

Market Cap: ₹44.7b

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

Indobell Insulation

Market Cap: ₹386.6m

Operates as a manufacturer and contractor of insulation products and prefabricated thermal insulation jackets in India.

Uniparts India

Market Cap: ₹25.4b

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.

IndiaMART InterMESH

Market Cap: ₹122.1b

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

Foseco Crucible (India)

Market Cap: ₹6.9b

Engages in the manufacturing of crucibles and accessories engineered for melting, holding, treatment and casting applications in India and internationally.

GPT Infraprojects

Market Cap: ₹14.8b

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

Ahlada Engineers

Market Cap: ₹516.2m

Manufactures and sells steel doors and windows in India.

Axtel Industries

Market Cap: ₹7.6b

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

Vinyl Chemicals (India)

Market Cap: ₹5.1b

Engages in the trading of chemicals in India.

Mysore Petro Chemicals

Market Cap: ₹649.0m

Engages in the trading of petrochemical products in India.