1. What are industrial machinery stocks?

Industrial machinery stocks refer to shares of companies that manufacture equipment, machinery, and tools used in industries such as manufacturing, construction, and energy. These companies play a crucial role in infrastructure development and economic growth.

2. Why should investors consider industrial machinery stocks?

Industrial machinery stocks and precision engineering stocks can be a good investment due to India's growing infrastructure projects, increasing government spending on manufacturing, and rising demand for automation in industries. Companies with strong financials and innovative products tend to perform well. Disclaimer: Please do your own research or consult your financial advisor before investing.

3. Are industrial machinery stocks risky investments?

Like any equity investment, industrial machinery stocks come with risks such as economic downturns, supply chain disruptions, and fluctuating raw material costs. Global competition and policy changes can also impact growth, making thorough research essential before investing. Disclaimer: Please do your own research or consult your financial advisor before investing.

4. Which government policies support the industrial machinery sector?

Policies like Make in India, PLI schemes, and infrastructure development initiatives encourage local manufacturing and investment. These initiatives aim to boost industrial production, attract foreign direct investment (FDI), and enhance global competitiveness for the best-performing machinery companies in India.

5. Where can investors track industrial machinery stock performance?

Investors can track industrial machinery stocks and undervalued machinery stocks on platforms like Tickertape Stock Screener for real-time updates and stock analysis

List of Machinery Stocks in India (2025)

Explore the top machinery stocks in India based on market capitalisation set to benefit from rising automation, efficiency, and a booming industrial equipment market.

List of Best Machinery Sector Stocks in India (2025)

Machinery Stocks

List of machinery stocks listed in NSE.

Created by

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Showing 1 - 20 of 220 results

last updated at 6:30 AM IST

	NameStocks (220)↓	↓Sub-SectorSub-Sector↓	↓Market CapMarket Cap↓	↓Close PriceClose Price↓	↓PE RatioPE Ratio↓	↓1M Return1M Return↓	↓6M Return6M Return↓	↓1Y Return1Y Return↓	↓PB RatioPB Ratio↓	↓Return on EquityReturn on Equity↓	↓ROCEROCE↓
1.	Cummins India Ltd CUMMINSIND	Industrial MachineryIndustrial Machinery	1,25,130.851,25,130.85	4,459.304,459.30	62.5762.57	4.374.37	33.2433.24	25.7825.78	16.5516.55	28.2228.22	32.9832.98
2.	AIA Engineering Ltd AIAENG	Industrial MachineryIndustrial Machinery	36,351.0836,351.08	3,843.803,843.80	34.2734.27	18.6118.61	8.788.78	9.939.93	5.245.24	15.5915.59	19.7919.79
3.	Thermax Limited THERMAX	Industrial MachineryIndustrial Machinery	32,550.6432,550.64	2,869.102,869.10	51.3051.30	-10.33-10.33	-18.38-18.38	-39.37-39.37	6.596.59	13.5213.52	15.7115.71
4.	Timken India Ltd TIMKEN	Industrial MachineryIndustrial Machinery	23,136.5323,136.53	3,134.103,134.10	51.7151.71	1.731.73	-4.27-4.27	-8.22-8.22	8.138.13	17.0017.00	19.1219.12
5.	Jyoti CNC Automation Ltd JYOTICNC	Industrial MachineryIndustrial Machinery	21,862.1821,862.18	961.70961.70	69.1869.18	9.089.08	-26.59-26.59	-27.65-27.65	12.9712.97	20.7220.72	25.4425.44
6.	Grindwell Norton Ltd GRINDWELL	Industrial MachineryIndustrial Machinery	17,482.6917,482.69	1,581.201,581.20	47.4147.41	-5.91-5.91	-12.51-12.51	-27.48-27.48	7.707.70	17.0117.01	20.7320.73
7.	Carborundum Universal Ltd CARBORUNIV	Industrial MachineryIndustrial Machinery	17,057.8017,057.80	879.70879.70	58.2758.27	-1.84-1.84	-8.57-8.57	-37.46-37.46	4.644.64	8.438.43	12.4712.47
8.	Craftsman Automation Ltd CRAFTSMAN	Industrial MachineryIndustrial Machinery	16,826.5416,826.54	7,038.507,038.50	86.4886.48	3.813.81	27.4527.45	41.6341.63	5.895.89	8.448.44	10.2810.28
9.	LMW Ltd LMW	Industrial MachineryIndustrial Machinery	16,081.1216,081.12	15,076.0015,076.00	156.72156.72	-5.00-5.00	-8.91-8.91	-9.91-9.91	5.795.79	3.743.74	5.045.04
10.	Elgi Equipments Ltd ELGIEQUIP	Industrial MachineryIndustrial Machinery	15,990.3015,990.30	491.45491.45	45.6645.66	2.192.19	-8.05-8.05	-25.21-25.21	8.578.57	20.1420.14	26.4026.40
11.	Kirloskar Oil Engines Ltd KIRLOSENG	Industrial MachineryIndustrial Machinery	15,771.3715,771.37	1,165.101,165.10	32.2432.24	6.646.64	33.1233.12	5.845.84	5.165.16	17.1117.11	16.1516.15
12.	Tega Industries Ltd TEGA	Industrial MachineryIndustrial Machinery	14,522.1814,522.18	1,899.101,899.10	72.5772.57	-0.75-0.75	19.4519.45	13.5613.56	10.4010.40	15.4615.46	18.5718.57
13.	KSB Ltd KSB	Industrial MachineryIndustrial Machinery	13,196.5213,196.52	756.00756.00	53.3353.33	-3.98-3.98	-12.20-12.20	-9.01-9.01	8.888.88	17.7617.76	21.5521.55
14.	Kirloskar Brothers Ltd KIRLOSBROS	Industrial MachineryIndustrial Machinery	13,015.1213,015.12	1,633.301,633.30	31.3531.35	-11.28-11.28	-7.73-7.73	-30.38-30.38	6.196.19	21.7121.71	25.3025.30
15.	Shaily Engineering Plastics Ltd SHAILY	Industrial MachineryIndustrial Machinery	11,596.7711,596.77	2,597.302,597.30	124.55124.55	11.0611.06	38.0038.00	97.4497.44	21.1721.17	18.5018.50	22.2822.28
16.	Action Construction Equipment Ltd ACE	Heavy MachineryHeavy Machinery	11,578.3911,578.39	976.65976.65	28.2928.29	-11.17-11.17	-22.87-22.87	-27.21-27.21	7.167.16	28.7428.74	35.4735.47
17.	Ingersoll-Rand (India) Ltd INGERRAND	Industrial MachineryIndustrial Machinery	11,454.7611,454.76	3,682.703,682.70	42.8242.82	-3.98-3.98	-2.80-2.80	-18.08-18.08	18.8018.80	44.9844.98	57.8857.88
18.	INOX India Ltd INOXINDIA	Industrial MachineryIndustrial Machinery	10,501.3410,501.34	1,154.301,154.30	46.4646.46	-3.66-3.66	-5.39-5.39	0.190.19	12.0212.02	29.6929.69	34.1334.13
19.	Happy Forgings Ltd HAPPYFORGE	Heavy MachineryHeavy Machinery	9,915.759,915.75	1,042.601,042.60	37.0837.08	3.823.82	8.908.90	-5.74-5.74	5.365.36	15.4515.45	19.4319.43
20.	Vesuvius India Ltd VESUVIUS	Industrial MachineryIndustrial Machinery	9,750.249,750.24	477.30477.30	36.8636.86	-4.68-4.68	-21.22-21.22	-9.48-9.48	6.816.81	20.1620.16	23.9723.97

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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: Sub-sector: Industrial, Heavy and Agriculatral Machinery | Market Cap: Sorted from Highest to Lowest

How to Invest in Machinery Stocks?

Investing in machinery 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 machinery stocks:

Sign Up and Log In: You can create an account on the Tickertape or log in if you already have one.
Search for Machinery Stocks: Go to Tickertape Stock Screener and search for machinery stocks.
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 if your preferred parameters are not available. This can help you narrow down the top machinery stocks in India.
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.
Add to Watchlist: You may keep track of potential investments by adding them to your watchlist.
Invest Through Your Broker: Once you’ve identified machinery stocks that align with your investment thesis, you can place a buy order through your brokerage account linked to Tickertape.

You can stay updated with each of your favourite stocks’ alerts and announcements with Tickertape Alerts. Further, you can analyse your overall portfolio and potential red flags in it by connecting it to Tickertape. Check out detailed analysis of your portfolio now!

Overview of the Top Machinery Stocks in India

Cummins India Ltd

Cummins India Ltd, a subsidiary of Cummins Inc., manufactures and distributes diesel and natural gas engines, power generation systems, and related components. The company serves the automotive, industrial, and power sectors.

Thermax Limited

Thermax Limited leads in delivering energy and environmental solutions. It provides technologies for heating, cooling, water treatment, and waste management to industrial and commercial clients.

AIA Engineering Ltd

AIA Engineering specialises in high-chrome grinding media, mill liners, and wear-resistant castings. The company supplies the cement, mining, and thermal power industries, helping them operate more efficiently.

Jyoti CNC Automation Ltd

Jyoti CNC Automation makes CNC machines for high-precision jobs. The company offers solutions for aerospace, defense, and automotive manufacturing industries.

Carborundum Universal Ltd

Carborundum Universal Ltd, part of the Murugappa Group, produces abrasives, ceramics, and electro-minerals. Its products are used in metalworking, construction, and various industrial applications.

What are Machinery Stocks?

Machinery stocks are shares of companies that design, manufacture, and sell industrial equipment and machinery, such as machine tools, agricultural tractors, construction equipment, industrial automation systems, material handling equipment, and precision engineering tools. These companies serve important sectors like manufacturing, infrastructure, agriculture, aerospace, and automotive.

Market Size of the Machinery Sector in India

India’s machinery sector covers everything from machine tools to agricultural and construction machinery, as well as industrial automation. In 2024, the machine tools market was valued at about USD 1.7 bn and is expected to nearly double to USD 3.4 bn by 2033, with a CAGR of roughly 7.8% between 2025 and 2033. Agricultural machinery reached USD 17.53 bn in 2024 and should grow at an 8.7% CAGR, hitting USD 40.37 bn by 2034. The broader machinery and heavy equipment sector, which includes construction and industrial machinery, is estimated at USD 8.55 bn in 2025 and projected to reach about USD 12.76 bn by 2030 at around 8.3% CAGR. Government initiatives like Make in India and rising automation demand continue to drive growth.

Advantages of Investing in Machinery Stocks in India

Economic Growth Alignment

India's expanding economy and infrastructure development drive demand for industrial machinery and boost all machinery stocks.

Government Support

Initiatives like "Make in India" and production-linked incentive schemes bolster the manufacturing sector and heavy machinery stocks, creating a favourable environment for industrial machinery companies.

Technological Advancements

The sector's adoption of advanced technologies enhances productivity and efficiency, positioning agricultural machinery stocks on the machinery stocks list favourably in a competitive market.

Export Opportunities

India is the third-largest market for construction equipment, heavy electrical and power equipment, earthmoving and mining machinery, and the process plant equipment industry together account for 85% of India's total capital goods exports.

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Factors to Consider Before Investing in Machinery Stocks

Financial Health

Assess the company's profitability, debt levels, and cash flow. Strong financials can indicate stability and the ability to invest in growth opportunities in automation machinery stocks and manufacturing stocks.

Technological Innovation

Short and long-term Machinery stocks NSE investing in advanced technologies and innovation are better positioned to stay competitive and meet evolving industry demands.

Market Position and Order Book

A robust order book and strong market presence suggest sustained demand for the company's products, indicating potential for future revenue.

Economic and Industry Trends

Stay informed about economic conditions, government policies, and infrastructure spending, as these factors significantly impact the industrial machinery sector.

Global Exposure and Export Potential

The best industrial machinery stocks on the machine stock list with international operations or export capabilities can benefit from diversified revenue streams and reduced dependence on the domestic market.

Risk Factors

Consider potential risks such as cyclical demand fluctuations, competition, regulatory changes, and technological obsolescence that could affect the company's performance.

Conclusion

Investing in Indian machinery stocks lets you benefit from strong industrial growth, infrastructure development, and increasing automation in sectors like agriculture, construction, and manufacturing. Companies in this sector experience sustained demand for products such as tractors, machine tools, and earth-moving equipment. Their growth is further supported by favorable government policies and the adoption of smart manufacturing. You can use tools like Tickertape’s Stock Screener to compare and analyse machinery-related stocks, checking key valuations, fundamentals, and sector positioning to find the best investment opportunities in this capital-goods sector.

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Frequently Asked Questions on Machinery Stocks

1. What are industrial machinery stocks?
Industrial machinery stocks refer to shares of companies that manufacture equipment, machinery, and tools used in industries such as manufacturing, construction, and energy. These companies play a crucial role in infrastructure development and economic growth.
2. Why should investors consider industrial machinery stocks?
Industrial machinery stocks and precision engineering stocks can be a good investment due to India's growing infrastructure projects, increasing government spending on manufacturing, and rising demand for automation in industries. Companies with strong financials and innovative products tend to perform well.
Disclaimer: Please do your own research or consult your financial advisor before investing.
3. Are industrial machinery stocks risky investments?
Like any equity investment, industrial machinery stocks come with risks such as economic downturns, supply chain disruptions, and fluctuating raw material costs. Global competition and policy changes can also impact growth, making thorough research essential before investing.
Disclaimer: Please do your own research or consult your financial advisor before investing.
4. Which government policies support the industrial machinery sector?
Policies like Make in India, PLI schemes, and infrastructure development initiatives encourage local manufacturing and investment. These initiatives aim to boost industrial production, attract foreign direct investment (FDI), and enhance global competitiveness for the best-performing machinery companies in India.
5. Where can investors track industrial machinery stock performance?
Investors can track industrial machinery stocks and undervalued machinery stocks on platforms like Tickertape Stock Screener for real-time updates and stock analysis

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.