![Timken India logo](data:image/svg+xml,<svg xmlns="http://www.w3.org/2000/svg" width="20" height="20" viewBox="0 0 20 20"><rect fill="%23e5e7eb" width="20" height="20" rx="4"/></svg>)
November 2026
Largest Industrial Parts Public Companies in India
Benchmark revenue and EBITDA valuation multiples for public comps like
Larsen & Toubro, Bosch India, Bharat Heavy Electricals, Cummins India and Bharat Forge.
 | Larsen & Toubro Ltd is a technology, engineering, manufacturing, and financial services conglomerate operating globally. It enters into contracts to construct various facilities, develop solutions for offshore and onshore hydrocarbon projects, serve power plants, build ships, and perform other engineering projects. Its integrated capabilities help customers throughout the entire value chain, from design to delivering a project. The company's operating segments are: Infrastructure projects, Energy projects, Hi-Tech Manufacturing, IT & Technology services, Financial services, Development projects, and other segments. A majority of its revenue is generated from the Infrastructure projects segment. Geographically, the group generates maximum revenue from its operations in India. | $41 | -11% | $56B | $62B | 2.1x | 19.6x | ||
| Bosch Ltd is a holding company of subsidiaries manufacturing and trading automotive products. The company sells car parts such as fuel systems, electrical drives and motors, steering systems, and aftermarket products to the automotive industry. The company's reportable segments are; Automotive products which generate maximum revenue, Consumer Goods, and Others. Its operations in the automotive business consist of diesel systems, gasoline systems, and automotive aftermarket products and services. The Consumer Goods segment predominantly consists of trading activities in power tools and consumables, and the Others segment includes industrial technology, building technology products, and services. Geographically, the company generates a majority of its revenue within India. | $495 | +22% | $15B | $14B | 6.8x | 36.8x | ||
| Bharat Heavy Electricals Ltd is an integrated power plant equipment manufacturer and engineering company in India. Its products and services serve power, transportation, energy, oil and gas, defense, and other industrial markets. The company has three business segments: Power (which contributes the majority of total revenue), Industry sector and International Operations. Bharat's product portfolio consists of heavy industrial equipment and components, including turbines, valves, pumps, boilers, and insulators. In addition, the company offers aftersales service to customers for maintenance and repairs and can help synchronize power plants. The majority of total revenue is derived from India, but the company has a footprint in many different regions. | $4 | +25% | $14B | $14B | 4.0x | 52.6x | ||
| Cummins India Ltd designs and manufactures service engines and engages in allied activities. The company produces fuel systems, air handling, filtration, emission solutions, and electrical power generation systems in facilities across India. The company's business units are; Engines, Power Systems, Components, and Distribution. Its operating segments are; Engines and Lubes. Maximum revenue is generated from its Engines segment which manufactures engines from 60 HP for low, medium, and heavy-duty on-highway commercial vehicle markets and off-highway commercial equipment industry spanning construction and compressor. | $47 | -7% | $13B | $13B | 10.0x | 38.4x | ||
| Bharat Forge Ltd is an Indian multinational engaged in metal forging across different industries. The company has the following business units: automotive, power, oil and gas, construction and mining, rail, marine and aerospace. The automotive unit offers products including powertrain components, machines crankshafts, connecting rods, and piston. The Power business unit manufactures components for thermal, wind, hydro and nuclear applications. The Company divides its business into three reporting segments: "Forgings", "Defense", and "Others". The Forgings segment focuses on manufacturing forged components, while the Defense segment centers around defense-related activities. The "Others" segment encompasses all other businesses not covered by Forgings and Defense. | $18 | +13% | $8.9B | $9.4B | 5.5x | 31.0x | ||
| Maker of aluminium and alloy conductors, power and specialty cables, and transformer and specialty oils. Customers include utilities, railways, renewable developers and industrial buyers in India and export markets. Headquartered in Mumbai. | $165 | +61% | $6.9B | $6.8B | 2.9x | 37.9x | ||
| Maker of large-diameter steel line pipes for oil, gas and water transport, plus ductile iron pipes, stainless steel products and plates. Customers include energy companies and utilities, with major plants in India and the US. Headquartered in Mumbai. | $25 | +156% | $6.5B | $6.1B | 3.6x | 22.3x | ||
| Maker of precision metal parts using metal injection moulding and related processes. Parts serve auto, consumer, industrial, aerospace and medical customers across India and exports. Headquartered in Bengaluru. | $12 | -- | $6.1B | $6.2B | 14.2x | 55.2x | ||
| Schaeffler India Ltd precision components and systems in engine, transmission, and chassis applications, as well as rolling and plain bearing solutions for many industrial applications, is shaping mobility to a degree. It offers diverse services in the Automotive, Industrial, Automotive Aftermarket, and Export business segments. In addition, it provides training to key garage influencer groups and holds fleet workshops for the Automotive Aftermarket and Industrial distribution markets. Its client emphasis on innovation and superior distribution network enable it to grow and create value for stakeholders. It has reported segment information under two segments: Mobility components and related solutions and Others. | $38 | -14% | $5.9B | $5.7B | 5.7x | 30.0x | ||
| Engineering group making steel tubes, chains, metal-formed auto parts, bicycles and electric vehicle products. It also holds group stakes in finance and mobility units. Headquartered in Chennai. | $22 | -28% | $4.3B | $4.7B | 2.0x | 18.8x | ||
| Maker of precision-cast and forged titanium, nickel and steel components for aerospace, defence and energy customers, including a strategic materials unit. Headquartered in Lucknow. | $252 | +24% | $4B | $4B | 63.6x | 253.3x | ||
| AIA Engineering makes high-chrome wear-resistant castings and grinding media used in cement, mining and power plants. It sells mainly to mining and cement producers worldwide, with a large share of revenue from exports. It is among the largest producers of such mill internals globally. Headquartered in Ahmedabad. | $38 | -13% | $3.5B | $3.1B | 6.7x | 17.1x | ||
| Syrma SGS Technology provides electronic manufacturing services and makes RFID tags, magnetics and other electronic products. Customers are in consumer, industrial, automotive, healthcare and IT hardware sectors. It is one of India's larger EMS companies. Headquartered in Chennai. | $17 | +86% | $3.3B | $3.3B | 6.6x | 56.4x | ||
| Engineering company making powertrain and aluminium products for vehicles, industrial machinery parts and storage solutions. Headquartered in Coimbatore. | $108 | +38% | $2.8B | $3.2B | 3.8x | 23.9x | ||
| Kirloskar Oil Engines makes diesel and gas engines, gensets, pumps and agricultural engines. It sells to industrial, agricultural, power generation and infrastructure customers, plus defence and OEM clients, and exports to many countries. It is one of India's leading diesel engine makers. Headquartered in Pune. | $19 | +50% | $2.7B | $3.1B | 3.9x | 21.5x | ||
| Sundaram Fasteners makes high-tensile fasteners, powertrain parts, cold-extruded parts and wind and aluminium die-cast components. Customers are automotive and industrial makers worldwide. Part of the TVS group. Headquartered in Chennai. | $11 | +4% | $2.3B | $2.4B | ||||
| Timken India Ltd is an India-based company that manufactures, distributes, and services bearings and related components. The company also provides repair and maintenance services for industrial gearboxes. The company's products, predominantly engineered bearings, and mechanical power transmission products, are marketed under brand names including Timken, Beka, Diamond, Drives, and others. The company's clients come from defense, mining, metals, and civil aerospace sectors. Timken India generates the majority of its sales from the Indian domestic market and the rest from the United States of America, and other countries. | $30 | -15% | $2.3B | $2.2B | ||||
| Grindwell Norton makes abrasives, ceramics, and silicon carbide products for automotive, steel, and engineering buyers. It is a subsidiary of Saint-Gobain. Headquartered in Mumbai. | $20 | +13% | $2.2B | $2.1B | ||||
| SPR Auto Technologies, formerly Shriram Pistons & Rings, makes pistons, piston rings, pins and engine valves. It sells to automotive, industrial and railway engine makers and the aftermarket. Headquartered in New Delhi. | $46 | +57% | $2.1B | $2.1B | ||||
| Carborundum Universal makes abrasives, ceramics and electrominerals, and industrial ceramic products for steel, auto, power and other industries. Part of the Murugappa Group. Headquartered in Chennai. | $11 | +13% | $2.1B | $2B | ||||
| LMW makes textile spinning machinery and high-precision machine tools and castings. Customers are Indian and overseas yarn mills and industrial buyers. Part of the Lakshmi Machine Works group, based in Coimbatore. | $167 | -1% | $1.8B | $1.6B | ||||
| INOX India makes cryogenic tanks, equipment and systems for storing and transporting industrial gases and LNG. It serves industrial gas, energy, healthcare and aerospace customers, with plants in Gujarat. Headquartered in Ahmedabad. | $20 | +49% | $1.8B | $1.8B | ||||
| Ratnamani Metals & Tubes makes stainless steel, carbon steel and alloy pipes and tubes, plus coating and heat-exchanger products. Customers are oil and gas, power, refinery, chemical and water infrastructure projects in India and abroad. Headquartered in Ahmedabad. | $24 | -8% | $1.7B | $1.7B | ||||
| Elgi Equipments makes air compressors and related products for industrial, automotive, food and healthcare uses, selling in India and about a hundred other countries. It also provides service and spares. Headquartered in Coimbatore. | $5 | -6% | $1.7B | $1.6B | ||||
| Azad Engineering makes precision-machined rotating components such as turbine blades and aerofoils for aerospace, defence, energy and oil and gas customers. Clients include global turbine and engine makers. Headquartered in Hyderabad. | $26 | +37% | $1.7B | $1.7B | ||||
| Jindal Saw makes ductile iron pipes, steel pipes and related products for water, oil and gas, and sewage projects. Customers are utilities, governments and pipeline firms. Headquartered in New Delhi. | $2 | +32% | $1.5B | $1.9B | ||||
| Shaily Engineering Plastics makes precision injection-moulded plastic parts and devices, including pen injectors for healthcare, and consumer and automotive products. Customers are global pharma and consumer firms. Headquartered in Vadodara. | $33 | +14% | $1.5B | $1.5B | ||||
| Aequs makes precision components and assemblies for aerospace, and also consumer products and plastics, from an integrated manufacturing cluster at Belagavi. Customers are global aerospace OEMs and tier-one suppliers plus consumer brands. Headquartered in Belagavi, Karnataka. | $2 | -- | $1.5B | $1.5B | ||||
| Sedemac Mechatronics Ltd is engaged in the business of development, manufacture and supply of controllers/electronic control units(ECUs). It is a supplier of high-volume critical controllers/ECUs having novel motor, engine, supervisory and other control technologies. The company operates in various sectors, namely, power generators, powered equipment, electric vehicles and electric bikes etc. Its reportable segments are: Mobility and Industrial. The majority of the company's revenue is derived from Mobility segment, which includes motor control and transmission systems such as integrated starter generators, electronic fuel injection, automated manual transmissions, and control units used in electric bicycles and electric vehicles. Geographically, the maximum revenue is derived from India. | $33 | -- | $1.5B | $1.5B | ||||
| Usha Martin makes steel wire ropes, wires, strands and cords, plus specialty steel. It sells to mining, oil and gas, infrastructure and lifting customers in India and abroad. Headquartered in Kolkata. | $5 | -3% | $1.4B | $1.4B | ||||
| Kirloskar Brothers makes pumps, valves and hydraulic systems and executes water and irrigation projects. Customers are municipal bodies, irrigation departments, power plants and industry. It is one of the oldest Indian pump makers, part of the Kirloskar group. Headquartered in Pune. | $17 | -11% | $1.3B | $1.3B | ||||
| Tega Industries makes polymer-based wear-resistant liners, screens and other consumables for mining and mineral processing. Customers are mining companies and equipment makers in India, Chile, Australia, Africa and elsewhere. Headquartered in Kolkata. | $18 | -8% | $1.3B | $1.1B | ||||
| Atlanta Electricals makes power and distribution transformers and related electrical equipment. Customers are power utilities, renewable developers and industrial firms. Plants are in Gujarat. Headquartered in Anand, Gujarat. | $17 | +58% | $1.3B | $1.3B | ||||
| Action Construction Equipment makes mobile cranes, tower cranes, backhoe loaders, forklifts and other material handling and construction machines under the ACE brand. Customers are contractors, infrastructure firms and railways. Plants are in Haryana. Headquartered in Faridabad. | $10 | -6% | $1.2B | $1.2B | ||||
| KSB Ltd makes pumps and industrial valves and provides service and spares. Customers are water utilities, power, process and building services firms. It is the Indian arm of Germany's KSB SE. Headquartered in Pune. | $7 | -20% | $1.2B | $1.2B | ||||
| Elecon Engineering makes industrial gears and material handling equipment. Products include gearboxes and conveyors, supplied to steel, cement, power and mining customers. Plants are in Vallabh Vidyanagar, Gujarat, where it is headquartered. | $4 | -22% | $990M | $920M | ||||
| Manufacturer of turned parts, machined components and assemblies for energy, motion control, automation and industrial equipment customers. It exports to customers in many countries from its CNC machining plant. Based in Rajkot, Gujarat. | $7 | -- | $868M | $896M | ||||
| Banco Products makes engine cooling systems, radiators, gaskets and sealing parts for automotive and industrial customers. It sells to vehicle makers and the aftermarket in India and abroad, including through its European subsidiary. Headquartered in Vadodara. | $6 | -21% | $863M | $912M | ||||
| Kennametal India makes tungsten carbide cutting tools and tooling systems for metalworking, mining and infrastructure. It is a subsidiary of US-based Kennametal and has plants near Bengaluru, where it is headquartered in India. | $39 | +58% | $851M | $846M | ||||
| Engineering and manufacturing company making precision machined parts, tooling and assemblies for aerospace, defence and energy customers, mainly overseas. It also builds moulds and tools for the semiconductor, space and other advanced industries. Based in Bengaluru. | $17 | +52% | $845M | $837M | ||||
| Dynamatic Technologies makes hydraulic gear pumps, aerospace structures and automotive components such as turbocharger housings. It also makes precision parts for aircraft makers and sells to commercial vehicle and tractor makers. Headquartered in Bengaluru. | $122 | +18% | $829M | $890M | ||||
| Jupiter Wagons makes railway freight wagons, passenger coaches, brake systems, wheel sets, and related components. Customers are Indian Railways, private wagon owners and logistics firms. Headquartered in Kolkata. | Railways+2 | $2 | -40% | $818M | $856M | |||
| Makes finned tube and plate heat exchangers, condensers and evaporators, for HVAC and refrigeration makers in India and abroad. Based in Bhiwadi, Rajasthan. | $12 | +32% | $790M | $786M | ||||
| Subsidiary of a global refractory group. It makes flow control and other refractory products used in steel plants, such as slide gates, nozzles and ladle linings, plus technical services. Customers are Indian steel makers. Based in Kolkata. | $4 | -29% | $769M | $709M | ||||
| Kirloskar Ferrous Industries makes pig iron, ductile iron castings and cast iron parts. Customers include engine, auto, and pump makers. Headquartered in Pune. | $5 | -17% | $758M | $881M | ||||
| Aeroflex Industries makes stainless steel flexible flow solutions such as braided hoses, metallic bellows and assemblies. Products serve aerospace, space, pharma, semiconductor, steel and industrial customers, with a large export share. It operates manufacturing plants in Taloja, Maharashtra. | $6 | +170% | $746M | $743M | ||||
| Integrated maker of alloy and special steel bars and billets. It sells mainly to automotive, engineering and railway customers. Its plant is in Bhandara, Maharashtra. Headquartered in Nagpur. | $4 | +45% | $744M | $782M | ||||
| Makes compressors, process gas compressors, heat exchangers, HVAC systems and industrial refrigeration equipment. Also offers turbines, transmissions and aftermarket service for oil and gas, power, steel and other industrial customers. Part of the Kirloskar group. Based in Pune. | $6 | -7% | $735M | $681M | ||||
| SKF India Ltd is an India-based company that manufactures and distributes bearing products and other related products. The company's products and services include bearings, hydraulic and mechanical tools for mounting and dismounting, alignment tools, seals, lubrication systems, and services such as technical support, maintenance, and condition monitoring. it operates in a single segment which is Bearings. The company's products and technologies are used by original equipment makers and aftermarket customers across the world. SKF India generates a majority of its revenue from the Indian domestic market. | $15 | -32% | $725M | $694M | ||||
| Engineering group that makes process equipment, boilers, heavy fabrications, sugar and ethanol plants, and also offers engineering contracting and turnkey projects. It makes castings and heat exchangers as well. Customers are industrial, power and process companies. Based in Noida. | $10 | +4% | $711M | $784M | ||||
| Manufactures transmission and distribution towers, poles and fabricated structures. It also makes PVC pipes and does engineering projects. Customers are utilities, EPC firms and government bodies. Based in Kolkata. | $5 | -2% | $631M | $703M | ||||
| Technocraft Industries is a multi-product manufacturer of drum closures, scaffolding and formwork, textiles and engineering services. It sells steel drum closures worldwide, rents and sells scaffolding for construction, and exports cotton yarn and fabrics. It is headquartered in Mumbai. | $27 | +2% | $615M | $686M | ||||
| GMM Pfaudler makes glass-lined reactors, equipment and process systems for chemical and pharma plants. It also offers aftermarket services and has operations in Europe and North America through its group. It is headquartered in Mumbai. | $13 | +2% | $573M | $619M | ||||
| Balu Forge Industries makes forged and machined steel components such as crankshafts and axle parts for defence, auto and rail. It sells to OEMs in India and abroad. It is based in Mumbai. | $5 | -34% | $565M | $570M | ||||
| Makes steel tubes, forgings, galvanised products and towers. Sells to engineering, infrastructure, and oil and gas customers, in India and exports. Based in Ghaziabad. | $5 | +19% | $517M | $642M | ||||
| Greaves Cotton Ltd is a diversified engineering company. It is a manufacturer and marketer of diesel engines, petrol engines, generator sets, pump sets, and construction equipment. Its product is used in automotive, marine, farm, construction, and industrial applications. The company's reportable operating segments include Engines, Electric mobility and other vehicles, Cables & Control Levers, and Others. The majority of its revenue is generated from the Engines segment, which includes the application of engines in farm equipment, gensets, and spares produced by Greaves. Geographically, the company generates maximum revenue from its domestic markets, and also has an overseas presence. | $2 | -7% | $488M | $506M | ||||
| KDDL makes watch components such as dials and hands for global watch brands, and runs Ethos, a multi-brand luxury watch retailer in India. Operations are split between precision engineering and luxury retail. The company is headquartered in Mohali, near Chandigarh. | $39 | +41% | $485M | $550M | ||||
| Sambhv Steel Tubes makes electric resistance welded steel tubes and pipes, with backward integration into hot rolled strips, sponge iron and billets. Customers include construction, automotive, and infrastructure users. It is based in Raipur, Chhattisgarh. | $2 | +37% | $472M | $511M | ||||
| Bansal Wire Industries makes stainless steel wire, high carbon wire and related products for auto, appliance and industrial users. It is headquartered in Delhi NCR. | $1 | -17% | $471M | $503M | ||||
| Foseco India supplies consumable products and technical services to foundries, including coatings, filters, feeders and fluxes for metal casting. Customers are steel, iron and aluminium foundries serving the auto, rail and engineering industries. It is a subsidiary of the global Foseco group. | $61 | +5% | $463M | $433M | ||||
| NRB Bearings makes needle roller, cylindrical roller and ball bearings, mainly for automotive makers and industrial users, in India and export markets. It is headquartered in Mumbai. | $5 | +44% | $456M | $468M | ||||
| Rolex Rings makes forged and machined bearing rings and other auto parts. Global bearing makers and auto suppliers are its main customers, with a large share of sales exported. It is headquartered in Rajkot. | $2 | +50% | $449M | $410M | ||||
| IFB Industries makes front-load washing machines, dryers, dishwashers, microwave ovens and kitchen appliances, and sells after-sales service. It also makes fine blanking parts for the auto industry. It sells to households through dealers and online, and is headquartered in Kolkata. | $11 | -42% | $439M | $413M | ||||
| Tempsens Instruments makes temperature sensors, thermocouples, cables and related instruments for steel, power, oil and gas and other industries. It is based in Udaipur, Rajasthan. | $5 | -- | $434M | $439M | ||||
| WPIL makes pumps, valves and water engineering systems and carries out water supply and irrigation projects, for utilities and industry. It is headquartered in Kolkata. | $4 | -4% | $421M | $458M | ||||
| Electrosteel Castings makes ductile iron pipes and fittings for water supply and sewerage, along with cast iron pipes and steel products. Customers are water utilities and infrastructure contractors, in India and exports. It is headquartered in Kolkata. | $1 | -19% | $413M | $489M | ||||
| DEE Development Engineers makes high-pressure piping systems and fabricated components for power plants, refineries, and process industries in India and abroad. Customers are boiler makers and energy engineering firms. | $5 | +123% | $401M | $472M | ||||
| Harsha Engineers International makes precision bearing cages and engineered metal parts, and also builds solar structures and sells bearings. Global bearing makers are its main customers. It is headquartered in Ahmedabad. | $4 | +0% | $397M | $406M | ||||
| Venus Pipes & Tubes makes stainless steel seamless and welded pipes and tubes. It sells to oil and gas, chemical, power and engineering customers in India and abroad. It runs plants in Gujarat and is headquartered in Bhuj. | $19 | +33% | $392M | $422M | ||||
| Grauer & Weil makes metal finishing and surface treatment chemicals and equipment, and has real estate and other interests. Headquartered in Mumbai. | $1 | -- | $382M | $336M | ||||
| Kalyani Steels makes forging and engineering grade steel and sells castings and forgings. Auto, tractor and engineering companies are its main buyers. It is part of the Kalyani group and is headquartered in Pune. | $9 | +0% | $378M | $346M | ||||
| Shanthi Gears makes industrial gears and gearboxes for steel, power, cement, sugar and other industries. It is a subsidiary of the Murugappa group company Tube Investments and is headquartered in Coimbatore. | $5 | -7% | $377M | $361M | ||||
| Steelcast makes precision steel and alloy castings for earth moving, railway, mining and engineering machinery, with exports to global OEMs. Headquartered in Bhavnagar, Gujarat. | $4 | -- | $368M | $358M | ||||
| John Cockerill India is the Indian arm of the Belgian John Cockerill group. It builds and services industrial equipment including gasification and heavy fabrication systems, and sells to energy, steel and process industries in India. It is based in India and is a small engineering company. | $70 | +22% | $346M | $309M | ||||
| Uniparts India makes engineered systems and components for off-highway vehicles, mainly tillage, undercarriage and power take-off parts for agricultural and construction equipment. It sells to global OEMs and aftermarket customers, with most revenue from exports. It is headquartered in Noida with plants in India and overseas. | $7 | +32% | $331M | $321M | ||||
| Pitti Engineering makes electric motor laminations, stamping and die-casting parts, and machined and fabricated components. It also builds sub-assemblies and sells to makers of motors, generators, wind turbines and railway equipment in India and abroad. It is headquartered in Hyderabad. | $9 | -8% | $330M | $399M | ||||
| Jash Engineering makes water control gates, valves and industrial equipment for water, wastewater and power plants. Headquartered in Indore. | $5 | -- | $321M | $327M | ||||
| Ratnaveer Precision Engineering makes stainless steel pipes, tubes, round bars and related products for industrial, construction and process uses. It sells through dealers and direct to industrial customers in India and abroad. It is headquartered in Vadodara. | $4 | +121% | $317M | $343M | ||||
| Monolithisch India makes refractory products, including monolithic refractories, for steel and other heavy industry users in India. | $14 | +120% | $294M | $295M | ||||
| HLE Glascoat makes glass-lined and other process equipment such as reactors, storage vessels and heat exchangers, along with filtration and drying equipment. It sells to pharmaceutical, agrochemical and specialty chemical makers in India and abroad. It is headquartered in Mumbai with plants in Gujarat. | $4 | -21% | $294M | $336M | ||||
| Windsor Machines makes plastic processing machinery, mainly extrusion lines and injection moulding machines, for packaging, pipe and other plastic makers. It sells in India and exports. It is headquartered in Ahmedabad. | $3 | -8% | $293M | $300M | ||||
| Carraro India Ltd is a technology-driven integrated supplier that develops complex engineering products and solutions for its original equipment manufacturer (OEM) customers. The company manufactures and sells axles and transmission systems for agricultural tractors and construction vehicles such as backhoe loaders, soil compactors, cranes, self-loading concrete mixers, and small motor graders. It also provides after-sale services and supplies spare parts mainly to Indian customers. The company operates in two geographical environments; India which is its key revenue-generating market, and outside India. | $5 | -19% | $286M | $293M | ||||
| Welspun Specialty Solutions makes stainless steel and alloy seamless and welded pipes and tubes for oil and gas, power, chemical and process uses. It sells to industrial customers in India and abroad. It is part of the Welspun group and is headquartered in Mumbai. | $0 | +4% | $284M | $279M | ||||
| Kabra Extrusiontechnik makes extrusion lines for plastic pipes, profiles, sheets and cables, along with related machinery and spare parts. It sells to plastics processors in India and exports. It is headquartered in Mumbai and is part of the Kabra group. | $7 | +177% | $283M | $308M | ||||
| The Anup Engineering makes process equipment such as heat exchangers, columns and pressure vessels for refining, chemical and petrochemical plants. It sells to industrial customers in India and abroad. It is headquartered in Ahmedabad. | $14 | -46% | $276M | $288M | ||||
| Maker of process engineering equipment, including industrial dryers, heat exchangers, bulk handling systems and sludge treatment units. Customers include chemicals, food, fertiliser, power and mining firms, mainly in India. Part of the Kilburn group, with headquarters in Mumbai. | $4 | -33% | $249M | $255M | ||||
| AMIC Forging makes forged and machined components for automotive, railway, and industrial uses. It sells to OEMs and tier-one suppliers in India and abroad. It is headquartered in Kolkata. | $21 | +22% | $249M | $249M | ||||
| Pune-based maker of welding electrodes, wires and welding machines, plus cutting and fabrication services. Customers include construction, shipbuilding, power and engineering firms. Part of the Ador group. | $14 | +16% | $244M | $234M | ||||
| Oswal Pumps makes solar-powered and grid-connected water pumps and related equipment for agriculture and government pump schemes. It serves farmers and state agencies in India. It is headquartered in Karnal. | $2 | -66% | $242M | $257M | ||||
| Indore-based maker of steel bead wire used in tyres. Supplies tyre makers in India and overseas and is a leading producer in the segment. | $4 | -8% | $227M | $265M | ||||
| Pennar Industries makes steel products, tubes, cold rolled strips and pre-engineered buildings, and also builds engineered systems for industrial and infrastructure customers. Headquartered in Hyderabad. | $2 | -37% | $220M | $316M | ||||
| Mukand makes alloy and stainless steel bars, wire rods and wire, and has an engineering business building cranes and material handling equipment. Customers are auto, engineering and infrastructure companies. It is part of the Bajaj group and is headquartered in Mumbai. | $1 | -1% | $215M | $390M | ||||
| HMT is a state-owned manufacturer of machine tools, food processing machinery and watches. It sells to industrial and government customers in India. It is headquartered in Bengaluru. | $1 | -8% | $196M | $277M | ||||
| Quadrant Future Tek Ltd is a research-focused company developing next-generation Train Control and Signaling Systems as part of the KAVACH project for Indian Railways. The company's specialty cables are used in railway rolling stock and the Naval (Defence) industry. The Company is engaged in two business segments: the manufacture and distribution of Specialised Cables and the Manufacturing of Train Collision avoidance systems. Key revenue is generated from the Cable Division. | $4 | +19% | $162M | $161M | ||||
| JITF Infralogistics makes specialised railway freight wagons, containers and related engineering products, and handles infrastructure and logistics projects. Customers are Indian Railways, public sector firms and private logistics operators. It belongs to the Jindal group and is headquartered in New Delhi. | $3 | -16% | $71M | $448M | ||||
| Indo Farm Equipment Ltd is a fully integrated established manufacturer of Tractors and Pick & Carry Cranes. It also deals in other farm equipment such as Harvester Combines, Rotavators, and other related spares & components. Its facilities are equipped with induction furnaces, pneumatic molding machines, automatic molding line, a sand plant, a fully equipped Metallurgy and Sand Testing Laboratory, a Machining Center, a Gear Shop, a Press Shop, Fabrication Shop, Paint Shop, Assembly unit, Quality Room & Utility room. | $1 | -48% | $58M | $66M | ||||
| Median | $8 | +1% | $730M | $706M | 3.7x | 21.5x |
Financial data powered by FactSet and Morningstar. Valuation multiples as of current fiscal year. For more data, start your free trial here.
Start Your
Free Trial Today
Try Multiples for free for 3 days. Got questions or need a demo? Schedule a call with us below.