Top Capital Goods Stocks in India
The capital goods sector in India is a pivotal component of the nation’s industrial framework, contributing approximately 1.9% to the GDP and accounting for 12% of the manufacturing output. In May 2025, capital goods production surged by 14.1% year-on-year, indicating sustained demand and investment in infrastructure and industrial machinery.
Best Capital Goods Stocks
Tuesday, 8 July, 2025
| symbol | Company | ticker | slug | Sector | Market Price | 52W High | 52W Low | Market Cap (Cr.) | PE Ratio | Industry PE | PB Ratio | Div. Yield (%) | ROE (%) | 1YReturns | 3YReturns | 5YReturns | Market Cap Label | Industry Group | Industry | Sub Industry | percentageChange |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| ABB | ABB India Ltd | ABB | /stocks/abb-india-ABB | Heavy Electrical Equipments | 5,844.00 | 8,940.60 | 4,684.45 | 123,839.25 | 66.17 | 38.82 | 17.50 | 0.76 | 28.75 | -31.73 | 128.06 | 507.86 | Largecap | Capital Goods | Electrical Equipment | Heavy Electrical Equipment | 0.57 |
| APSE | Adani Ports and Special Economic Zone Ltd | ADANIPORTS | /stocks/adani-ports-and-special-economic-zone-APSE | Ports | 1,435.60 | 1,604.95 | 995.65 | 310,109.55 | 27.96 | 38.82 | 4.76 | 0.49 | 18.52 | -2.69 | 104.04 | 314.97 | Largecap | Transportation | Transportation Infrastructure | Marine Ports & Services | 0.16 |
| CUMM | Cummins India Ltd | CUMMINSIND | /stocks/cummins-india-CUMM | Industrial Machinery | 3,436.10 | 4,154.00 | 2,580.00 | 95,248.69 | 47.63 | 38.82 | 14.40 | 1.50 | 27.82 | -14.12 | 204.01 | 699.74 | Midcap | Capital Goods | Machinery | Construction Machinery & Heavy Transportation Equipment | -0.15 |
| EICH | Eicher Motors Ltd | EICHERMOT | /stocks/eicher-motors-EICH | Trucks & Buses | 5,682.50 | 5,906.50 | 4,508.75 | 155,843.84 | 32.92 | 38.82 | 8.64 | 1.23 | 24.22 | 19.52 | 93.01 | 185.12 | Largecap | Automobiles & Components | Machinery | Motorcycle Manufacturers | -0.08 |
| HIAE | Hindustan Aeronautics Ltd | HAL | /stocks/hindustan-aeronautics-HIAE | Aerospace & Defense Equipments | 5,012.60 | 5,674.75 | 3,046.05 | 335,230.16 | 40.08 | 38.82 | 11.50 | 0.50 | 28.91 | -10.84 | 477.59 | 922.93 | Largecap | Capital Goods | Machinery | Aerospace & Defense | -0.24 |
| HVEL | Havells India Ltd | HAVELLS | /stocks/havells-india-HVEL | Electrical Components & Equipments | 1,537.60 | 2,106.00 | 1,381.30 | 96,409.80 | 65.48 | 38.82 | 11.56 | 0.65 | 18.65 | -18.48 | 25.82 | 157.23 | Midcap | Capital Goods | Electrical Equipment | Electrical Components & Equipment | -0.31 |
| LART | Larsen and Toubro Ltd | LT | /stocks/larsen-and-toubro-LART | Construction & Engineering | 3,581.40 | 3,963.50 | 2,965.30 | 492,571.22 | 32.76 | 38.82 | 4.27 | 0.95 | 13.80 | -1.39 | 122.30 | 279.55 | Largecap | Capital Goods | Construction & Engineering | Construction & Engineering | 0.01 |
| MAZ | Mazagon Dock Shipbuilders Ltd | MAZDOCK | /stocks/mazagon-dock-shipbuilders-MAZ | Shipbuilding | 3,276.80 | 3,775.00 | 1,918.05 | 132,179.56 | 54.77 | 38.82 | 21.17 | 0.40 | 35.21 | 17.44 | 2,414.81 | 3,711.34 | Largecap | Capital Goods | Machinery | Aerospace & Defense | -0.38 |
| POLC | Polycab India Ltd | POLYCAB | /stocks/polycab-india-POLC | Electrical Components & Equipments | 6,700.00 | 7,605.00 | 4,555.00 | 100,839.13 | 49.92 | 38.82 | 10.18 | 0.52 | 22.26 | 2.34 | 197.71 | 701.39 | Largecap | Capital Goods | Electrical Equipment | Electrical Components & Equipment | 0.03 |
| SIEM | Siemens Ltd | SIEMENS | /stocks/siemens-SIEM | Conglomerates | 3,278.20 | 4,041.73 | 2,269.96 | 116,743.42 | 42.97 | 38.82 | 7.60 | 0.37 | 19.09 | -14.82 | 147.56 | 462.30 | Largecap | Capital Goods | Industrial Conglomerates | Industrial Conglomerates | 1.06 |
Disclaimer: Please note that the above list is for educational purposes only, and is not recommendatory. Please do your own research or consult your financial advisor before investing.
Note: The data on this list of capital goods stocs is dynamic in nature and subject to real-time changes. This data is derived from Tickertape Stock Screener.
Here are the filters used to screen these stocks:
- Sector: Industrials
- Market Cap: Sorted from highest to lowest
- PE Ratio
- Return on Equity: 10>
- 1Y Historical Revenue Growth: Set to Positive
- 5Y Historical EPS Growth: Set to Positive
What are Capital Goods Stocks?
Capital goods stocks in India refer to shares of companies engaged in manufacturing, distributing, and supplying machinery, equipment, and tools essential for business operations across capital goods industries.
About the Top Capital Goods Stocks 2025
- Larsen and Toubro Ltd (L&T): L&T is a leading Indian multinational conglomerate, specialising in engineering, construction, technology, and manufacturing, with a strong focus on infrastructure development across various sectors.
- Hindustan Aeronautics Ltd: Hindustan Aeronautics is an Indian aerospace company, primarily engaged in the design, production, and maintenance of aircraft, helicopters, and related systems for the Indian military and civilian sectors.
- Adani Ports and Special Economic Zone Ltd: Adani Ports is India’s largest private port operator, providing logistics, port management, and infrastructure solutions for industrial development, trade, and the promotion of special economic zones.
- Siemens Ltd: Siemens India is a global technology company, specialising in automation, digitalisation, and electrification solutions for industries, infrastructure, and healthcare sectors, with a focus on sustainability and innovation.
- ABB India Ltd: ABB India is a global leader in electrification, automation, and robotics, offering products and solutions for utilities, industries, transportation, and infrastructure, aiming for energy efficiency and technological advancement.
How to Invest in Capital Goods Stocks?
Here is how one can invest in the top capital goods stocks for beginners or seasoned investors in India:
- Open a demat/trading/stockbroker account. You can open a demat account with smallcase!
- Conduct thorough research into capital goods stocks in India that is of interest to you. Investors can use tools like the Tickertape Stock Screener to do this. The screener offers 200+ built-in filters to choose from, and investors can choose the parameters to research and conduct capital goods stocks analysis.
- Place a ‘Buy’ Order on the capital goods stocks India of your choosing.
Features of Capital Goods Stocks
- Cyclical Nature: Capital goods stocks are often influenced by economic cycles. When the economy is booming, infrastructure projects and industrial activities typically increase, boosting demand for capital goods.
- High Capital Intensity: Companies in the capital goods sector usually operate with high capital intensity. This means they require substantial capital goods investment India in equipment, machinery, and facilities to operate their businesses effectively.
- Technological Innovation: The capital goods sector India is often at the forefront of technological innovation. Companies in the capital goods share list frequently invest in research and development to create cutting-edge products and solutions.
- Infrastructure Dependency: Top capital goods companies are closely tied to infrastructure development. Whether it’s building bridges, manufacturing industrial machinery, or creating energy solutions, these firms play a crucial role in the development and maintenance of infrastructure.
Benefits of Investing in Capital Goods Stocks
- Potential for Growth: As economies rise, demand for capital goods increases. Thus, this can offer a promising avenue for companies in this sector to increase their revenues. Investing in established capital goods shares could potentially turn out to be your ticket to long-term growth.
- Cyclical Opportunities: Capital goods shares have a knack for riding the economic waves. They often perform better during times of economic recovery and expansion. This means you may have an opportunity to capitalise on the increased demand for construction, manufacturing, and other industrial projects.
- Dividends on the Table: Keep an eye out for capital goods companies that have a history of distributing their profits to shareholders through dividends. If you’re into both potential price appreciation and getting regular income, dividend-paying capital goods stocks could hit the sweet spot.
Risks of Investing in Capital Goods Stocks
- Economic Volatility: Capital goods stocks are sensitive to economic fluctuations. During downturns, reduced infrastructure and industrial activity can lead to lower demand, impacting the revenue and profitability of these companies and potentially causing declines in capital goods share prices.
- Intense Competition and Technological Advancements: The capital goods sector is highly competitive, with companies vying for contracts and projects. Rapid technological progress adds another layer of pressure, as failure to innovate can hinder a company’s growth prospects.
- Regulatory and Political Challenges: Capital goods companies operate within a framework of government regulations, permits, and standards. Changes in these policies or political instability can disrupt operations and negatively impact stock performance.
Factors Affecting Capital Goods Stocks
- Economic Conditions and Business Cycles: The performance of the capital goods sector is closely tied to the state of the economy. During periods of economic capital goods sector growth, businesses and governments typically focus on expansion, driving demand for capital goods.
- Technological Advancements and Innovation: Adapting to technological trends is essential for survival and growth. Companies that embrace innovation, such as smarter machinery and streamlined processes, often gain a competitive edge, while those that lag risk losing their market position.
- Government Policies and Infrastructure Spending: Government initiatives in infrastructure, construction, or manufacturing can significantly affect demand for capital goods.
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To Wrap It Up…
Given the capital goods sector’s significant contribution to India’s GDP and the positive growth trajectory, it remains a critical part of the country’s industrial ecosystem. With strong government support and increasing demand for infrastructure and machinery, the sector offers considerable growth prospects for investors looking to align with India’s economic development.
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Frequently Asked Questions About Capital Goods Stocks
1. What is a capital goods company in India?
A capital goods company is an entity that specialises in the manufacturing of machinery, equipment, and tools crucial for industrial and commercial applications.
2. What is the capital goods industry?
The capital goods industry India is a broad sector that encompasses companies involved in the manufacturing and distribution of machinery, equipment, and other goods used in the production of other goods or services.
3. What are the small-cap capital goods companies?
Small cap capital goods companies are smaller firms in the sector with growth potential but higher risk.
4. What are capital goods penny stocks?
Capital goods penny stocks are typically low-priced stocks in the capital goods sector that can be traded at a relatively low value per share, often referred to as “penny stocks.”
5. Can Capital goods stocks be profitable for investors?
Investing in such enterprises involves higher risk, but it can also yield attractive returns if their growth efforts prove successful. However, consult your financial advisor and assess your investment goals before investing.
