Capital Goods

Sector overview

Total Companies: 502
Total Market Cap (₹ Cr): 47,92,873
Top 3 Market Cap (₹ Cr): 7,83,990
Sector Concentration: 16.36%
Weighted P/E: 84.34
Weighted P/B: 9.47
Avg Dividend Yield: 0.29%
Avg Qtrly Profit Growth (YoY): 65.80%
Avg Qtrly Sales Growth (YoY): —
Avg Sector ROE: 12.72%
Avg Sector ROCE: 18.46%
Avg Debt to Equity: 0.53
Broad Industries: 14
Sub Industries: 31

AI Sector View

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Capital expenditure 66% YoY (2026-06)Total GST collection 8% YoY (2026-07)E way bill generated 6% YoY (2026-07)Overall Index 5.4% YoY (2026-07)

Capital goods is supported by strong public capex and still-expansionary industrial activity. Capital expenditure rose 66% YoY (2026-06), GST collections grew 8% YoY (2026-07), and the core industries Overall Index increased 5.4% YoY (2026-07). E-way bills slowed to 6% YoY (2026-07) and sector FPI flows show INR -9697 crore net outflow over 3 months to 2026-08-31, but the investment cycle and fiscal impulse remain favorable.

Confidence

72%

Capital Goods vs Nifty

Capital Goods

Nifty Benchmark

Sub Industries

31 sub-industries

S.No.
1.	Abrasives	3	3	43,084	43,084	100%	100%	73.85	4.90	97.80	4.83	97.80	4.68	581	0.04	1	9.33%	9.33%	13.50%	0.04	12.89%	—	0.95	57.15	0	—	35.93%	0.57%	35.22%	—
2.	Aerospace & Defense	23	23	8,29,837	6,67,667	80.46%	80.46%	170.21	8.07	113.08	6.39	98.85	5.97	135.36	0.37	1	11.99%	11.99%	16.34%	0.37	16.54%	—	0.61	115.62	0	—	21.54%	0.14%	-43.88%	—
3.	Airlines	6	6	11,738	9,657	82.27%	82.27%	110.43	2.32	34.91	5.37	26.80	3.30	237.17	2.64	1	10.23%	10.23%	18.62%	2.64	16.05%	—	0.70	32.66	0	—	12.26%	0.36%	-278.18%	—
4.	Auto Ancillary	1	1	4,596	4,596	100%	100%	27.60	3.33	59.25	3.33	27.60	3.33	197	0.09	1	14.20%	14.20%	18.70%	0.09	7.46%	—	1.67	49.87	0	—	11.70%	0.43%	2.44%	—
5.	Automobiles-Tractors	3	3	36,624	36,624	100%	100%	24.39	2.58	27.38	2.42	27.40	2.48	857.67	0.09	1	8.83%	8.83%	12.40%	0.09	12.04%	—	0.81	52.03	0	—	13.40%	0.79%	-22.72%	—
6.	Automobiles-Trucks/Lcv	3	3	2,65,802	2,65,802	100%	100%	35.21	9.57	38.17	9.46	38.20	10.57	156.33	1.52	1	29.17%	29.17%	25.60%	1.52	11.19%	—	1.46	20.47	0	—	40.16%	1.14%	26.67%	—
7.	Batteries	1	1	20,023	20,023	100%	100%	25.60	7.70	25.65	7.70	25.60	7.70	84	0.03	1	44.10%	44.10%	58.30%	0.03	31.45%	—	1.17	56.33	0	—	8.38%	0.42%	-23.78%	—
8.	Bearings	2	2	39,093	39,093	100%	100%	61.92	7.84	34.95	7.66	62.70	7.65	357	0.01	1	15.10%	15.10%	17.50%	0.01	13.32%	—	1.18	75.20	0	—	—	0.21%	-48.76%	—
9.	Cable	24	24	3,08,989	2,03,343	65.81%	65.81%	64.09	6.28	38.14	4.75	25.90	2.94	181.59	0.62	1	2.33%	2.33%	17.71%	0.62	8.24%	—	1.45	69.07	0	—	5.14%	0.13%	327.47%	—
10.	Castings/Forgings	11	11	82,533	76,988	93.28%	93.28%	142.06	8.84	35.70	4.15	32.80	2.40	272.80	0.78	1	11.74%	11.74%	14.92%	0.78	15.29%	—	0.89	82.30	0	—	8.80%	0.21%	393.67%	—
11.	Compressors / Pumps	14	14	97,056	48,208	49.67%	49.67%	56.03	7.46	40.81	5.21	36.80	4.86	254.93	0.23	1	22.26%	22.26%	26.99%	0.23	16.16%	—	1.11	82.78	0	—	19.58%	0.43%	137.66%	—
12.	Construction Vehicles	4	4	36,080	34,006	94.25%	94.25%	57.54	4.22	30.79	5.05	30.80	4.16	175.25	1.04	1	2.75%	2.75%	14.38%	1.04	13.71%	—	0.73	145.65	0	—	17.98%	0.37%	-5.76%	—
13.	Diesel Engines	4	4	1,81,321	1,76,978	97.60%	97.60%	57.93	12.62	51.31	7.57	51.35	6.79	271.75	0.37	1	23.02%	23.02%	30%	0.37	13.24%	—	1.48	37.58	0	—	48.65%	1.44%	-19.68%	—
14.	Electric Equipment	81	81	12,62,324	4,38,460	34.73%	34.73%	70.52	14.84	60.73	7.59	35.25	3.56	208.38	0.32	1	13.17%	13.17%	23.29%	0.32	11.46%	—	1.22	83.91	0	—	7.91%	0.22%	94.40%	—
15.	Electrodes & Welding Equipment	9	9	35,117	29,748	84.71%	84.71%	50.87	6.20	32.06	3.81	24.50	2.30	233.56	0.17	1	16.97%	16.97%	20.90%	0.17	12.99%	—	1.06	67.73	0	—	27.32%	1.03%	-87.19%	—
16.	Electronics - Components	29	29	1,25,369	69,251	55.24%	55.24%	66.32	5.25	27.72	4.60	21.55	4.10	116.61	0.31	1	23.88%	23.88%	23.39%	0.31	5.11%	—	1.04	80.54	0	—	2.38%	0.05%	115.17%	—
17.	Engineering	16	16	25,233	23,743	94.10%	94.10%	153.08	5.23	23.26	2.54	17.50	1.86	75.44	0.85	1	9.11%	9.11%	8.68%	0.85	-23.41%	—	0.86	116.14	0	—	34.17%	0.12%	327.65%	—
18.	Engineering - Construction	1	1	8,679	8,679	100%	100%	17.10	8.75	25.55	8.75	17.10	8.75	101	0.15	1	69%	69%	87.10%	0.15	18.66%	—	1.91	91.47	0	—	3.91%	0%	38.37%	—
19.	Engineering - Industrial Equipments	104	104	5,36,587	2,44,173	45.50%	45.50%	110.06	5.98	73.50	5.33	31.50	2.80	236.45	0.35	1	15.51%	15.51%	14.91%	0.35	10.72%	—	0.84	71.81	0	—	11.07%	0.30%	40.29%	—
20.	Forgings	2	2	6,826	6,826	100%	100%	24.42	3.22	35.91	5.60	26.35	5.60	77	0.44	1	34.45%	34.45%	29.55%	0.44	24.43%	—	0.96	101.12	0	—	0.53%	0.01%	15.79%	—
21.	Furniture and Home Furnishing	1	1	45	45	100%	100%	0	0.30	0	0.30	0	0.30	106	0.29	1	0.10%	0.10%	2.70%	0.29	10.05%	—	0.46	201.93	—	—	23.65%	0%	-100%	—
22.	Glass	7	7	12,070	10,179	84.33%	84.33%	20.45	3.22	24.57	2.49	23.40	2.22	80.57	0.39	1	15.47%	15.47%	14.63%	0.39	21.74%	—	0.74	54.95	0	—	21.11%	0.52%	-27.31%	—
23.	Packaging	20	20	30,800	17,315	56.22%	56.22%	19.85	1.90	22.29	2.37	18.90	2.10	179.44	0.52	1	14.06%	14.06%	17.61%	0.52	5.97%	—	1.72	55.58	0	—	12.20%	0.30%	103.03%	—
24.	Plastic Products	77	77	1,71,223	96,749	56.50%	56.50%	41.43	5.51	39.92	2.33	18.20	1.60	148.99	0.29	1	9.29%	9.29%	20.95%	0.29	-2.09%	—	1.09	59.38	0	—	7.21%	0.28%	11.42%	—
25.	Railways Wagons/Coaches	3	3	26,377	26,377	100%	100%	53.39	2.96	59.28	2.67	59.30	3.22	103.67	0.32	1	6.23%	6.23%	9.83%	0.32	9.65%	—	0.76	98.37	0	—	13.21%	0.39%	42.42%	—
26.	Refractories	9	9	29,891	24,640	82.43%	82.43%	63.79	7.56	31.66	5.29	26.85	1.96	160.11	0.22	1	13.28%	13.28%	16.30%	0.22	15.00%	—	1.07	75.44	0	—	9.92%	0.42%	345.12%	—
27.	Rubber Products	13	13	10,092	7,322	72.55%	72.55%	57.23	2.85	21.90	4.68	24.80	2.59	127.45	1.28	1	1.37%	1.37%	10.96%	1.28	8.76%	—	1.20	63.62	0	—	9.68%	0.44%	-241.67%	—
28.	Ship Building	5	5	1,80,016	1,58,339	87.96%	87.96%	35.68	16.80	44.07	29.99	44.05	8.54	209.40	8.11	1	-5.42%	-5.42%	22.98%	8.11	-3.84%	—	0.43	38.58	0	—	18.18%	0.45%	110.88%	—
29.	Steel & Iron Products	20	20	2,82,439	1,60,366	56.78%	56.78%	33.52	3.99	22.61	2.52	30	2.10	196.69	0.63	1	4.32%	4.32%	10.67%	0.63	-15.18%	—	0.96	42.97	0	—	10.93%	0.44%	133.93%	—
30.	Trading	2	2	89,551	89,551	100%	100%	61.16	10.41	55.13	10.40	60.75	10.40	137.50	0.49	1	34.15%	34.15%	31.60%	0.49	21.28%	—	1.10	68.36	0	—	3.15%	0.07%	191.78%	—
31.	Transmission Towers / Equipments	4	4	3,458	2,974	86%	86%	19.36	5.65	19.14	6.24	19.80	4.25	15.50	1.53	1	3.90%	3.90%	-2.35%	1.53	-396.10%	—	0.31	572.91	0	—	0%	0%	92.43%	—

Stocks in this sector

S.No.	Name
1.	Raymond Ltd.	Aviation	Airlines	6,679	1,003	180.10	0.76	431	0%	-0.50%	1.60%	10
2.	TAAL Tech Ltd.	Aviation	Airlines	1,673	5,376	26.80	3.44	849	1.21%	33.30%	25.30%	10
3.	SpiceJet Ltd.	Aviation	Airlines	1,305	32	—	-3.02	-20	0%	0%	0%	10
4.	FlySBS Aviation Ltd.	Aviation	Airlines	1,216	703	20	6.05	116	0%	34.70%	26.20%	10
5.	Taneja Aerospace & Aviation Ltd.	Aviation	Airlines	678	267	35.60	3.16	63	0.94%	15.50%	11.30%	5
6.	Global Vectra Helicorp Ltd.	Aviation	Airlines	187	132	0	15.80	-16	0%	28.70%	-3%	10

Headlines

Latest news for this sector

Sub Industries

31 sub-industries

S.No.
1.	Abrasives	3	3	43,084	43,084	100%	100%	73.85	4.90	97.80	4.83	97.80	4.68	581	0.04	1	9.33%	9.33%	13.50%	0.04	12.89%	—	0.95	57.15	0	—	35.93%	0.57%	35.22%	—
2.	Aerospace & Defense	23	23	8,29,837	6,67,667	80.46%	80.46%	170.21	8.07	113.08	6.39	98.85	5.97	135.36	0.37	1	11.99%	11.99%	16.34%	0.37	16.54%	—	0.61	115.62	0	—	21.54%	0.14%	-43.88%	—
3.	Airlines	6	6	11,738	9,657	82.27%	82.27%	110.43	2.32	34.91	5.37	26.80	3.30	237.17	2.64	1	10.23%	10.23%	18.62%	2.64	16.05%	—	0.70	32.66	0	—	12.26%	0.36%	-278.18%	—
4.	Auto Ancillary	1	1	4,596	4,596	100%	100%	27.60	3.33	59.25	3.33	27.60	3.33	197	0.09	1	14.20%	14.20%	18.70%	0.09	7.46%	—	1.67	49.87	0	—	11.70%	0.43%	2.44%	—
5.	Automobiles-Tractors	3	3	36,624	36,624	100%	100%	24.39	2.58	27.38	2.42	27.40	2.48	857.67	0.09	1	8.83%	8.83%	12.40%	0.09	12.04%	—	0.81	52.03	0	—	13.40%	0.79%	-22.72%	—
6.	Automobiles-Trucks/Lcv	3	3	2,65,802	2,65,802	100%	100%	35.21	9.57	38.17	9.46	38.20	10.57	156.33	1.52	1	29.17%	29.17%	25.60%	1.52	11.19%	—	1.46	20.47	0	—	40.16%	1.14%	26.67%	—
7.	Batteries	1	1	20,023	20,023	100%	100%	25.60	7.70	25.65	7.70	25.60	7.70	84	0.03	1	44.10%	44.10%	58.30%	0.03	31.45%	—	1.17	56.33	0	—	8.38%	0.42%	-23.78%	—
8.	Bearings	2	2	39,093	39,093	100%	100%	61.92	7.84	34.95	7.66	62.70	7.65	357	0.01	1	15.10%	15.10%	17.50%	0.01	13.32%	—	1.18	75.20	0	—	—	0.21%	-48.76%	—
9.	Cable	24	24	3,08,989	2,03,343	65.81%	65.81%	64.09	6.28	38.14	4.75	25.90	2.94	181.59	0.62	1	2.33%	2.33%	17.71%	0.62	8.24%	—	1.45	69.07	0	—	5.14%	0.13%	327.47%	—
10.	Castings/Forgings	11	11	82,533	76,988	93.28%	93.28%	142.06	8.84	35.70	4.15	32.80	2.40	272.80	0.78	1	11.74%	11.74%	14.92%	0.78	15.29%	—	0.89	82.30	0	—	8.80%	0.21%	393.67%	—
11.	Compressors / Pumps	14	14	97,056	48,208	49.67%	49.67%	56.03	7.46	40.81	5.21	36.80	4.86	254.93	0.23	1	22.26%	22.26%	26.99%	0.23	16.16%	—	1.11	82.78	0	—	19.58%	0.43%	137.66%	—
12.	Construction Vehicles	4	4	36,080	34,006	94.25%	94.25%	57.54	4.22	30.79	5.05	30.80	4.16	175.25	1.04	1	2.75%	2.75%	14.38%	1.04	13.71%	—	0.73	145.65	0	—	17.98%	0.37%	-5.76%	—
13.	Diesel Engines	4	4	1,81,321	1,76,978	97.60%	97.60%	57.93	12.62	51.31	7.57	51.35	6.79	271.75	0.37	1	23.02%	23.02%	30%	0.37	13.24%	—	1.48	37.58	0	—	48.65%	1.44%	-19.68%	—
14.	Electric Equipment	81	81	12,62,324	4,38,460	34.73%	34.73%	70.52	14.84	60.73	7.59	35.25	3.56	208.38	0.32	1	13.17%	13.17%	23.29%	0.32	11.46%	—	1.22	83.91	0	—	7.91%	0.22%	94.40%	—
15.	Electrodes & Welding Equipment	9	9	35,117	29,748	84.71%	84.71%	50.87	6.20	32.06	3.81	24.50	2.30	233.56	0.17	1	16.97%	16.97%	20.90%	0.17	12.99%	—	1.06	67.73	0	—	27.32%	1.03%	-87.19%	—
16.	Electronics - Components	29	29	1,25,369	69,251	55.24%	55.24%	66.32	5.25	27.72	4.60	21.55	4.10	116.61	0.31	1	23.88%	23.88%	23.39%	0.31	5.11%	—	1.04	80.54	0	—	2.38%	0.05%	115.17%	—
17.	Engineering	16	16	25,233	23,743	94.10%	94.10%	153.08	5.23	23.26	2.54	17.50	1.86	75.44	0.85	1	9.11%	9.11%	8.68%	0.85	-23.41%	—	0.86	116.14	0	—	34.17%	0.12%	327.65%	—
18.	Engineering - Construction	1	1	8,679	8,679	100%	100%	17.10	8.75	25.55	8.75	17.10	8.75	101	0.15	1	69%	69%	87.10%	0.15	18.66%	—	1.91	91.47	0	—	3.91%	0%	38.37%	—
19.	Engineering - Industrial Equipments	104	104	5,36,587	2,44,173	45.50%	45.50%	110.06	5.98	73.50	5.33	31.50	2.80	236.45	0.35	1	15.51%	15.51%	14.91%	0.35	10.72%	—	0.84	71.81	0	—	11.07%	0.30%	40.29%	—
20.	Forgings	2	2	6,826	6,826	100%	100%	24.42	3.22	35.91	5.60	26.35	5.60	77	0.44	1	34.45%	34.45%	29.55%	0.44	24.43%	—	0.96	101.12	0	—	0.53%	0.01%	15.79%	—
21.	Furniture and Home Furnishing	1	1	45	45	100%	100%	0	0.30	0	0.30	0	0.30	106	0.29	1	0.10%	0.10%	2.70%	0.29	10.05%	—	0.46	201.93	—	—	23.65%	0%	-100%	—
22.	Glass	7	7	12,070	10,179	84.33%	84.33%	20.45	3.22	24.57	2.49	23.40	2.22	80.57	0.39	1	15.47%	15.47%	14.63%	0.39	21.74%	—	0.74	54.95	0	—	21.11%	0.52%	-27.31%	—
23.	Packaging	20	20	30,800	17,315	56.22%	56.22%	19.85	1.90	22.29	2.37	18.90	2.10	179.44	0.52	1	14.06%	14.06%	17.61%	0.52	5.97%	—	1.72	55.58	0	—	12.20%	0.30%	103.03%	—
24.	Plastic Products	77	77	1,71,223	96,749	56.50%	56.50%	41.43	5.51	39.92	2.33	18.20	1.60	148.99	0.29	1	9.29%	9.29%	20.95%	0.29	-2.09%	—	1.09	59.38	0	—	7.21%	0.28%	11.42%	—
25.	Railways Wagons/Coaches	3	3	26,377	26,377	100%	100%	53.39	2.96	59.28	2.67	59.30	3.22	103.67	0.32	1	6.23%	6.23%	9.83%	0.32	9.65%	—	0.76	98.37	0	—	13.21%	0.39%	42.42%	—
26.	Refractories	9	9	29,891	24,640	82.43%	82.43%	63.79	7.56	31.66	5.29	26.85	1.96	160.11	0.22	1	13.28%	13.28%	16.30%	0.22	15.00%	—	1.07	75.44	0	—	9.92%	0.42%	345.12%	—
27.	Rubber Products	13	13	10,092	7,322	72.55%	72.55%	57.23	2.85	21.90	4.68	24.80	2.59	127.45	1.28	1	1.37%	1.37%	10.96%	1.28	8.76%	—	1.20	63.62	0	—	9.68%	0.44%	-241.67%	—
28.	Ship Building	5	5	1,80,016	1,58,339	87.96%	87.96%	35.68	16.80	44.07	29.99	44.05	8.54	209.40	8.11	1	-5.42%	-5.42%	22.98%	8.11	-3.84%	—	0.43	38.58	0	—	18.18%	0.45%	110.88%	—
29.	Steel & Iron Products	20	20	2,82,439	1,60,366	56.78%	56.78%	33.52	3.99	22.61	2.52	30	2.10	196.69	0.63	1	4.32%	4.32%	10.67%	0.63	-15.18%	—	0.96	42.97	0	—	10.93%	0.44%	133.93%	—
30.	Trading	2	2	89,551	89,551	100%	100%	61.16	10.41	55.13	10.40	60.75	10.40	137.50	0.49	1	34.15%	34.15%	31.60%	0.49	21.28%	—	1.10	68.36	0	—	3.15%	0.07%	191.78%	—
31.	Transmission Towers / Equipments	4	4	3,458	2,974	86%	86%	19.36	5.65	19.14	6.24	19.80	4.25	15.50	1.53	1	3.90%	3.90%	-2.35%	1.53	-396.10%	—	0.31	572.91	0	—	0%	0%	92.43%	—