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Best Industrials stocks in India (November 2026)

The best industrials companies listed in India by business quality, with our fair-value verdict on each. Screened from the whole market, not a hand-picked list.

#CompanyQualityDiscountOur call
1HD Fire Protect LtdHDFIRE · Industrials94-34%Watch
2Central Mine Planning & Design Institute LtdCMPDI · Industrials90+38%Buy candidate
3Polycab India LtdPOLYCAB · Industrials90-54%Watch
4Raghav Productivity Enhancers LtdRPEL · Industrials89-455%Watch
5Triveni Turbine LtdTRITURBINE · Industrials88-64%Watch
6APL Apollo Tubes LtdAPLAPOLLO · Industrials88-74%Watch
7Kirloskar Pneumatic Company LtdKIRLPNU · Industrials88-17%Watch
8Cummins India LtdCUMMINSIND · Industrials88-159%Watch
9Inox India LtdINOXINDIA · Industrials87-203%Watch
10Bharat Electronics LtdBEL · Industrials85-283%Watch
11Mazagon Dock Shipbuilders LtdMAZDOCK · Industrials83-323%Avoid
12Happy Forgings LtdHAPPYFORGE · Industrials83-63%Watch
13Swaraj Engines LtdSWARAJENG · Industrials82+6%Buy candidate
14Lohia Corp LtdLCL · Industrials82-205%Watch
15Knack Packaging LtdKNACK · Industrials81-3%Buy candidate
16Emkay Tools LtdETL · Industrials81-135%Watch
17Action Construction Equipment LtdACE · Industrials81+5%Buy candidate
18Hindustan Aeronautics LtdHAL · Industrials80-157%Watch
19R R Kabel LtdRRKABEL · Industrials80-77%Watch
20Vesuvius India LtdVESUVIUS · Industrials80-31%Watch
21Esab India LtdESABINDIA · Industrials80-94%Watch
22Gandhi Special Tubes LtdGANDHITUBE · Industrials80+32%Buy candidate
23Quality Power Electrical Equipments LtdQPOWER · Industrials80-817%Watch
24Shivalik Bimetal Controls LtdSBCL · Industrials79-71%Watch
25The Anup Engineering LtdANUP · Industrials79+15%Buy candidate
26KEI Industries LtdKEI · Industrials78-92%Watch
27Atlanta Electricals LtdATLANTAELE · Industrials78-370%Watch
28Voltamp Transformers LtdVOLTAMP · Industrials78-21%Watch
29Grindwell Norton LtdGRINDWELL · Industrials77-144%Watch
30Waaree Energies LtdWAAREEENER · Industrials77-20%Watch
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Quality score is a 0–100 rating of business quality; discount is versus our estimate of fair value. RichFakir is a free educational research tool, not investment advice — figures are estimates from public filings and may contain errors. Do your own research.