Best Engineering Stocks

Track companies that manufacture industrial equipment, capital goods, and project engineering services.

Name	Price (Rs)	Market Cap (Rs Cr)	ROE (%)	ROCE (%)	Debt/Eq (x)	Sales var 3yrs (%)	Profit var 3yrs (%)	P/E (x)	P/BV (x)	EV/EBITDA (x)
Bharat Electronics	412.05	3,01,199.44	25.27	31.88	0.00	15.90	26.64	49.69	13.02	33.00
Hindustan Aeronautics	4,265.15	2,85,242.57	22.21	13.74	0.00	7.11	16.08	31.29	7.32	13.88
Cummins India	5,625.50	1,55,938.86	27.86	32.86	0.00	16.04	25.29	66.03	18.73	39.32
Bharat Heavy Electricals	396.35	1,38,011.58	6.12	6.45	0.31	13.08	49.66	86.25	5.57	25.98
Siemens	3,626.35	1,29,141.76	19.88	21.29	0.00	NM	NM	83.04	9.56	27.63
Bharat Forge	1,925.55	92,058.36	11.29	16.99	0.72	9.20	29.05	83.08	9.55	27.52
Suzlon Energy	55.23	75,874.47	33.42	26.34	0.03	40.99	188.81	23.99	9.13	17.03
Schaeffler India	4,082.35	63,808.63	19.02	25.67	0.00	12.15	10.00	52.53	10.55	30.81
Thermax	4,742.45	56,509.28	12.98	14.55	0.41	9.75	13.55	78.43	10.75	29.52
Bharat Dynamics	1,202.25	44,069.98	9.91	7.21	0.00	-0.64	6.08	104.84	10.27	54.86
AIA Engineering	4,484.20	41,846.72	15.82	19.80	0.00	-3.44	6.44	32.95	5.46	19.50
Sona BLW Precision Forgings	598.85	37,239.94	10.70	14.04	0.04	18.70	20.13	58.17	6.35	24.92
Honeywell Automation India	35,056.65	30,995.42	11.76	15.95	0.00	10.74	7.05	59.04	7.19	24.70
Garden Reach Shipbuilders & Engineers	2,676.00	30,654.12	28.48	36.76	0.00	39.83	48.56	40.99	12.43	17.94
PTC Industries	18,738.40	28,093.64	6.73	7.99	0.17	40.09	57.86	276.63	19.58	131.20
Kirloskar Oil Engines	1,861.00	27,055.21	15.86	18.86	1.47	15.30	22.21	47.11	7.77	15.69
Timken India	3,531.00	26,559.73	14.23	18.52	0.00	NM	NM	66.68	9.11	36.33
Data Patterns (India)	4,554.30	25,496.78	15.63	21.18	0.00	26.81	30.31	93.96	15.97	42.04
MTAR Technologies	7,454.55	22,929.89	11.43	15.66	0.45	15.16	-1.85	243.86	29.45	56.71
Craftsman Automation	9,164.00	21,861.26	11.76	14.46	1.02	36.36	16.91	56.93	6.97	15.27
Grindwell Norton	1,933.00	21,402.18	16.39	20.98	0.02	6.54	4.72	51.54	9.00	21.79
Triveni Turbine	670.00	21,298.96	24.18	33.04	0.00	20.47	23.81	60.91	15.30	26.00
Carborundum Universal	1,037.65	19,766.56	4.99	9.55	0.08	3.81	-5.41	101.51	5.19	22.29
TD Power Systems	1,230.95	19,230.94	22.27	30.27	0.02	28.62	35.74	80.54	18.90	37.36
Elgi Equipments	605.05	19,174.58	19.27	26.00	0.18	9.12	18.82	44.57	9.12	20.82

Data Source: Dion Global
Note: Company data is consolidated; Exceptional items, minority interest excluded

Jun 09, 2026, 04:01 PM IST

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The largest company, by revenues, in the Engineering sector is Bharat Heavy Electricals. Its revenues for the most recent year ended is Rs 33,782.18 cr.

Bharat Heavy Electricals has a market capitalisation of Rs 1,38,011.58 cr. Over the previous 12 months, Bharat Heavy Electricals’s share price gained 53.51%.

You can get the latest share price and detailed financials of Bharat Heavy Electricals here.

Also, you can see the latest share price performance of all engineering stocks here.

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Why Use This Screener?

This screener helps you identify capital goods makers benefiting from industrial and infrastructure capital expenditure.

Core to Industrial Expansion

Engineering firms supply turbines, control systems, transformers, and heavy machinery.

Linked to Private and Govt Capex

Growth in the order flow from power, railways, defence, and private factories can have an impact on engineering firms.

Export Orders for High-Tech Equipment

Indian engineering firms are gaining ground in international tenders for the export of high-tech equipment.

Operating Leverage Kicks in with Scale

Companies with higher capacity utilization see their margins improve.

FAQs on Best Engineering Stocks

What are capital goods?

Capital goods are equipment used to produce other goods, like turbines, compressors, and machine tools.

What sectors use industrial engineering products?

The power, railway, oil & gas, manufacturing, construction, and defence sectors use industrial engineering products.

Are engineering companies cyclical?

Yes. Their order flow often follows investment cycles in the infrastructure industry.

Source: Dion Global

Best Mutual Funds Invested in the Engineering Sector

Mutual Fund Name	Weightage (%)	Top Stock Holding	1Y Return (%)
HSBC Infrastructure Fund	31.42	Bharat Electronics	3.75
Invesco India Infrastructure Fund	28.62	Honeywell Automation India	1.10
Aditya Birla Sun Life Infrastructure Fund	26.00	Thermax	7.75
Aditya Birla Sun Life Manufacturing Equity Fund	24.30	Cummins India	13.73
Tata Infrastructure Fund	22.50	Bharat Heavy Electricals	2.58