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List of Capital Goods Stocks in India (2025)

These are shares of companies that produce machinery, tools, construction equipment, and heavy electricals used in infrastructure, manufacturing, and industrial projects, making them a proxy for economic and industrial growth.

Top Capital Goods Stocks in 2025

Capital Goods Stock Screener

Capital Goods Stock Screener: Analyse & Filter Indian Stocks on Tickertape

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Showing 1 - 20 of 33 results

last updated at 6:30 AM IST 
NameStocks (33)↓↓Sub-SectorSub-Sector↓↓Market CapMarket Cap↓↓Close PriceClose Price↓↓PE RatioPE Ratio↓↓1D Return1D Return↓↓1M Return1M Return↓↓6M Return6M Return↓↓1Y Return1Y Return↓↓PB RatioPB Ratio↓↓Return on EquityReturn on Equity↓↓ROCEROCE↓↓Dividend YieldDiv Yield↓↓Debt to EquityDebt to Equity↓↓Volatility vs NiftyVolatility vs Nifty↓
1.Siemens LtdSIEMENSConglomeratesConglomerates1,18,584.571,18,584.573,362.503,362.5056.3656.360.980.986.576.571.611.61-12.72-12.727.727.7219.0919.0916.5616.56--0.020.022.782.78
2.ABB India LtdABBHeavy Electrical EquipmentsHeavy Electrical Equipments1,08,221.611,08,221.615,172.505,172.5057.8257.821.281.28-2.65-2.65-14.38-14.38-32.51-32.5115.3015.3028.7528.7535.5035.500.860.860.010.012.292.29
3.CG Power and Industrial Solutions LtdCGPOWERHeavy Electrical EquipmentsHeavy Electrical Equipments1,04,598.721,04,598.72662.35662.35107.32107.32-0.28-0.28-10.59-10.59-4.00-4.00-11.94-11.9425.9125.9127.6227.6231.9331.930.190.190.010.012.772.77
4.Hitachi Energy India LtdPOWERINDIAHeavy Electrical EquipmentsHeavy Electrical Equipments97,390.6197,390.6120,085.0020,085.00253.63253.63-8.08-8.0816.2516.251.431.4365.9265.9223.1123.1113.7813.7813.2913.290.030.030.020.024.144.14
5.Bharat Heavy Electricals LtdBHELHeavy Electrical EquipmentsHeavy Electrical Equipments96,992.8796,992.87275.75275.75181.67181.67-1.01-1.014.544.548.678.679.719.713.923.922.172.174.144.140.180.180.360.362.802.80
6.GE Vernova T&D India LtdGVT&DHeavy Electrical EquipmentsHeavy Electrical Equipments74,258.6274,258.622,805.102,805.10122.07122.07-3.28-3.28-9.30-9.3018.8818.8849.5649.5641.8841.8840.3440.3445.2245.220.170.170.020.023.273.27
7.Lloyds Metals and Energy LtdLLOYDSMEIron & SteelIron & Steel63,629.4663,629.461,195.801,195.8043.8843.88-0.70-0.70-8.80-8.80-20.28-20.2811.8211.829.949.9431.4831.4826.3426.340.080.080.120.123.163.16
8.Premier Energies LtdPREMIERENERenewable EnergyRenewable Energy43,613.3143,613.31941.95941.9546.5446.54-3.00-3.00-8.40-8.40-10.97-10.97-26.67-26.6715.4515.4553.8353.8334.9434.940.050.050.690.693.353.35
9.Cochin Shipyard LtdCOCHINSHIPShipbuildingShipbuilding42,682.2342,682.231,640.401,640.4051.5951.591.111.11-9.19-9.19-21.39-21.39-3.26-3.267.657.6515.6415.6419.3019.300.600.600.100.103.513.51
10.Apar Industries LtdAPARINDSElectrical Components & EquipmentsElectrical Components & Equipments35,022.7535,022.758,847.508,847.5042.6442.641.471.472.782.7811.3511.35-12.73-12.737.787.7819.6019.6031.4231.420.580.580.130.133.873.87
11.Honeywell Automation India LtdHONAUTElectronic EquipmentsElectronic Equipments30,936.4930,936.4934,850.0034,850.0059.0859.08-0.40-0.40-4.74-4.74-11.36-11.36-14.70-14.707.667.6613.7013.7017.3117.310.300.300.020.021.961.96
12.Inox Wind LtdINOXWINDHeavy Electrical EquipmentsHeavy Electrical Equipments22,487.8322,487.83129.84129.8450.1750.17-0.22-0.22-17.38-17.38-28.58-28.58-35.55-35.554.014.0110.0610.0612.3512.35--0.270.273.563.56
13.Jyoti CNC Automation LtdJYOTICNCIndustrial MachineryIndustrial Machinery21,862.1821,862.18961.70961.7069.1869.180.040.049.089.08-26.59-26.59-27.65-27.6512.9712.9720.7220.7225.4425.44--0.290.293.783.78
14.Schneider Electric Infrastructure LtdSCHNEIDERHeavy Electrical EquipmentsHeavy Electrical Equipments18,501.8718,501.87762.45762.4569.0769.07-1.47-1.47-10.90-10.90-1.32-1.32-7.75-7.7524.7524.7544.1144.1135.4735.47--0.450.453.283.28
15.Triveni Turbine LtdTRITURBINEHeavy Electrical EquipmentsHeavy Electrical Equipments17,334.3417,334.34538.25538.2548.5348.53-1.29-1.29-0.15-0.15-8.95-8.95-27.29-27.2914.2114.2132.7632.7638.8438.840.730.730.030.033.513.51
16.LMW LtdLMWIndustrial MachineryIndustrial Machinery16,081.1216,081.1215,076.0015,076.00156.72156.720.150.15-5.00-5.00-8.91-8.91-9.91-9.915.795.793.743.745.045.040.200.200.000.002.132.13
17.Syrma SGS Technology LtdSYRMAElectronic EquipmentsElectronic Equipments15,324.4915,324.49786.25786.2590.2190.21-1.14-1.140.440.4446.8346.8338.6938.698.408.409.709.7014.8614.860.170.170.360.363.943.94
18.Tega Industries LtdTEGAIndustrial MachineryIndustrial Machinery14,522.1814,522.181,899.101,899.1072.5772.57-1.75-1.75-0.75-0.7519.4519.4513.5613.5610.4010.4015.4615.4618.5718.570.090.090.240.242.792.79
19.TD Power Systems LtdTDPOWERSYSHeavy Electrical EquipmentsHeavy Electrical Equipments11,938.7211,938.72725.35725.3568.3968.39-5.09-5.09-5.74-5.7443.0443.0467.7567.7513.8813.8822.3022.3027.4527.450.160.160.010.013.853.85
20.Jupiter Wagons LtdJWLRailRail11,803.1711,803.17275.25275.2530.8830.88-1.01-1.01-14.29-14.29-31.14-31.14-44.25-44.254.264.2617.3817.3819.6019.600.470.470.180.183.593.59
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Disclaimer: Please note that the above table is for informational purposes only, and is not recommendatory. Please do your own research or consult your financial advisor before investing. The data is derived from Tickertape Stock Screener and is subject to real-time updates.

Selection criteria: Capital Goods Stocks, based on publicly available information and is sorted by market cap.

How to Invest in Capital Goods Stocks?

Investing in Tata Group stocks using Tickertape is a straightforward process. Tickertape is a powerful stock analysis and screening tool that helps you make informed investment decisions. Here’s how you can use Tickertape to invest in Tata Group stocks:

  1. Sign Up and Log In: You can create an account on the Tickertape or log in if you already have one.
  2. Search for Tata Group Stocks: Go to Tickertape Stock Screener and select “Tata Group Stocks” that aligns with your investment thesis.
  3. Use Filters: You can apply over 200 filters to get stocks sorted based on criteria like market cap, P/E ratio, or dividend yield. You can create your own custom filter, in case your preferred parameters are not available. This can help you narrow down the top Tata stocks in India.
  4. Analyse Stock Data: Tickertape provides comprehensive data on each stock, including financials, performance metrics, future projections, red flags, and more. You can review this data to assess each company’s health and potential in depth.
  5. Add to Watchlist: You may keep track of potential investments by adding them to your watchlist.
  6. Invest Through Your Broker: Once you’ve decided on a stock, you can place a buy order through your brokerage account linked to Tickertape.

Overview of the Best Capital Goods Stocks in India

ABB India Ltd

ABB India delivers electrification, automation, robotics, and motion solutions for industries and utilities, playing a key role in India’s industrial digitalization and energy efficiency transformation.

Siemens Ltd

Siemens India is a leader in industrial automation, smart infrastructure, mobility, and energy technologies, enabling digital transformation across sectors like manufacturing, power, transport, and healthcare.

CG Power and Industrial Solutions Ltd

CG Power provides electrical equipment and automation solutions, specializing in transformers, switchgear, and industrial systems for power generation, transmission, and distribution across India and global markets.

Waaree Renewable Technologies Ltd

Waaree focuses on EPC services and solar project development, contributing to India’s renewable energy goals through turnkey solar power solutions and sustainable energy infrastructure.

Suzlon Energy Ltd

Suzlon is a pioneer in India’s wind energy sector, offering end-to-end wind turbine solutions, including design, manufacturing, installation, and maintenance for renewable power generation.

What Are Capital Goods Stocks?

Capital goods companies manufacture equipment, machinery, and tools used by other industries to produce goods or build infrastructure. These are not end-consumer products, but the backbone assets of economic development.

For example, when a power plant is built, it needs turbines, boilers, and electrical systems, all supplied by capital goods companies. Similarly, a metro rail project uses heavy engineering equipment, automation systems, and electrical gear.

Why Are Capital Goods Stocks Important?

Capital goods companies are often seen as a barometer of economic health. When businesses and governments invest in capacity building — be it factories, highways, or power grids, capital goods firms are the first to benefit.

They typically outperform in economic upcycles, when private capex and public infrastructure spending are rising.

Advantages of Investing in Capital Goods Stocks

Capex-Driven Growth

These stocks thrive when the economy is in a capital expenditure phase, especially with government or private sector investments picking up.

Policy Tailwinds

Programs like PM Gati Shakti, PLI schemes, and energy transition investments are driving demand for capital goods across sectors — power, railways, renewables, and defence.

Operating Leverage

As volumes increase, margins expand faster due to fixed cost absorption — meaning companies can grow profits disproportionately in good times.

Long-Term Contracts & Order Visibility

Many firms have multi-year orders with both public and private clients, ensuring stable cash flows and revenue pipelines.

Sectoral Diversification

Exposure to multiple industries, including infrastructure, automotive, energy, and chemicals, insulates against demand shocks from any single segment.

Make in India & Export Boost

Domestic production incentives and growing global competitiveness are helping Indian capital goods firms tap into export markets, thereby improving their growth potential.

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Risks of Investing in Capital Goods Stocks

Cyclicality and Sensitivity to Economic Slowdowns

Demand typically dries up during recessions or uncertain macroeconomic environments, leading to stagnation in the order book and contraction in revenue.

Execution Delays & Working Capital Stress

Delays in government or infrastructure projects lead to cost overruns and stretched receivables, hurting cash flows and margins.

Commodity Cost Volatility

Steel, copper, and aluminium, key raw materials, see frequent price swings. If not passed on, they compress profit margins.

Regulatory and Clearance Hurdles

Infrastructure projects often depend on land, environmental, and statutory approvals, any of which can cause project deferments.

Slow Technological Adoption

Legacy capital goods firms may lag in adopting automation, IoT, and AI, reducing their competitiveness against global peers.

Intense Competition

The sector faces global competition, especially in niche areas like robotics or energy-efficient solutions, where MNCs often have an edge.

Factors to Consider Before Investing in Capital Goods Stocks

Order Book Strength

Look for a healthy order-to-sales ratio (1.5x and above), it signals strong future revenue visibility.

Return Ratios (RoCE & RoE)

Check if the company is earning >12% RoCE, especially post-capex, to ensure capital is being deployed efficiently.

Working Capital Cycle

Evaluate how many days receivables and payables take to convert into cash. A shorter cycle is better for liquidity.

Client Mix & Sector Exposure

Companies with a balanced mix of government and private clients across sectors are better insulated from downturns.

Capacity Utilisation & Capex Plans

Firms operating at a utilisation rate of more than 75% with new capital expenditure plans often indicate rising demand and future growth.

R&D and Digital Capability

Watch for investment in smart manufacturing, robotics, AI, and energy-efficient tech, a key moat for future relevance.

To Wrap Up…

Capital goods stocks are cyclical stars, they shine bright during economic upcycles and tend to underperform during downturns. But with India now entering what many analysts call a multi-year capex supercycle, driven by a strong government push for infrastructure, ‘Make in India’ manufacturing incentives, and robust private investment, the spotlight is once again on this sector.

As order books swell and capacity utilisation improves, capital goods companies are poised for a structural re-rating. Therefore, it is important to analyse stocks thoroughly before investing. With 200+ filters, you can evaluate capital good stocks on various parameters on Tickertape Stock Screener.

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Frequently Asked Questions on Capital Goods Stocks

  1. What are Capital Goods Stocks?

    Shares of companies that manufacture physical assets like machinery and equipment used in construction and production industries.

  2. How to invest in Capital Goods Stocks?

    Here’s how you can invest in Capital Goods stocks -
    1. Go to the Tickertape Stock Screener
    2. Select the "Capital Goods" stocks.
    3. From the Capital Goods stocks, analyse and sort the Capital Goods stocks using over 200+ filters—including valuation ratios, financials, technical indicators, and more—based on your investment thesis.
    4. Review the filtered list, and identify stocks that best align with your risk appetite, return expectations, and investment goals.
    5. Once you've shortlisted the stocks, click ‘Place Order’ to invest in your preferred Capital Goods stocks.

    Disclaimer: Please do your own research or consult your financial advisor before investing.

  3. What is the future projection of capital goods stocks?

    Based on the latest news and reports, here's the future projection of Capital Goods Sector -
    1. Government targets 20% GDP share from manufacturing.
    2. Turnover expected to reach $115 bn in 2025.
    3. PLI, infra push, and export targets drive growth.
    4. Capex boom to support high double-digit expansion.

    Disclaimer: This is only for educational purposes as the latest data is derived from major financial research reports.

  4. Do capital goods stocks offer regular dividends?

    Some capital goods companies distribute dividends regularly, especially those with stable cash flows and strong balance sheets. However, dividend payout trends differ across companies and are influenced by the business cycle, capex requirements, and earnings visibility.

  5. What are the factors affecting capital goods stocks prices?

    Capital goods stock prices typically move with the investment cycle. Key drivers include infrastructure spending, government capex announcements, order book growth, raw material costs (like steel and copper), interest rates, and private sector investment sentiment. Global economic trends and export demand also contribute.

Disclaimer: This article is for informational purposes only. The content of the article including securities/investment products mentioned if any, should not in any manner be construed as an investment advice, recommendation, offer, solicitation to buy/hold/sell any securities/investment products. The securities quoted if any, are for illustration only and are not recommendatory. Investment in securities market are subject to market risks. Read all the related documents carefully before investing. Please consult a SEBI-registered financial advisor before investing.