Indian Capital Goods Low Leverage High Rewards

Panasonic Carbon India

Market Cap: ₹2.4b

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

Swaraj Engines

Market Cap: ₹48.6b

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

Balmer Lawrie Investments

Market Cap: ₹18.8b

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

Graphite India

Market Cap: ₹104.3b

Manufactures and sells graphite electrodes, and carbon and graphite specialty products in India and internationally.

Mold-Tek Technologies

Market Cap: ₹4.4b

Provides civil and mechanical design engineering services in India and internationally.

Ador Welding

Market Cap: ₹15.8b

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

Vinyl Chemicals (India)

Market Cap: ₹5.0b

Engages in the trading of chemicals in India.

Modison

Market Cap: ₹5.2b

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

Panasonic Energy India

Market Cap: ₹2.5b

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

SNL Bearings

Market Cap: ₹1.4b

Manufactures and markets antifriction bearing products in India and internationally.

Jamna Auto Industries

Market Cap: ₹36.1b

Engages in the manufacture and sale of tapered leaf, parabolic springs, and lift axles under the JAI brand in India and internationally.

Balmer Lawrie

Market Cap: ₹36.5b

Engages in industrial packaging, greases and lubricants, chemicals, logistic services and infrastructure, refinery and oil field, and travel and vacation services businesses in India and internationally.

Bimetal Bearings

Market Cap: ₹2.4b

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

Engineers India

Market Cap: ₹107.0b

An engineering consultancy company, provides design, engineering, procurement, construction, and integrated project management services for oil, gas, fertilizers, steel, railways, power, infrastructure, and petrochemical industries worldwide.

Uniparts India

Market Cap: ₹17.9b

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.

GPT Infraprojects

Market Cap: ₹14.6b

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

NRB Bearings

Market Cap: ₹27.4b

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