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Best Industrials stocks in India (September 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
1Triveni Turbine LtdTRITURBINE · Industrials91-99%Watch
2Raghav Productivity Enhancers LtdRPEL · Industrials90-515%Watch
3Polycab India LtdPOLYCAB · Industrials90-63%Watch
4Kirloskar Pneumatic Company LtdKIRLPNU · Industrials89-57%Watch
5APL Apollo Tubes LtdAPLAPOLLO · Industrials88-73%Watch
6Cummins India LtdCUMMINSIND · Industrials87-195%Watch
7Bharat Electronics LtdBEL · Industrials87-319%Watch
8Emkay Tools LtdETL · Industrials85-126%Watch
9Swaraj Engines LtdSWARAJENG · Industrials82+2%Buy candidate
10Mazagon Dock Shipbuilders LtdMAZDOCK · Industrials82-480%Avoid
11Gandhi Special Tubes LtdGANDHITUBE · Industrials82+25%Buy candidate
12Lohia Corp LtdLCL · Industrials82-229%Watch
13Vesuvius India LtdVESUVIUS · Industrials80-50%Watch
14Esab India LtdESABINDIA · Industrials80-117%Watch
15Shivalik Bimetal Controls LtdSBCL · Industrials79-84%Watch
16Action Construction Equipment LtdACE · Industrials78-8%Avoid
17Central Mine Planning & Design Institute LtdCMPDI · Industrials78-225%Watch
18The Anup Engineering LtdANUP · Industrials78-8%Buy candidate
19KEI Industries LtdKEI · Industrials78-133%Watch
20Voltamp Transformers LtdVOLTAMP · Industrials78-31%Watch
21Grindwell Norton LtdGRINDWELL · Industrials77-144%Watch
22Waaree Energies LtdWAAREEENER · Industrials77-37%Watch
23Astral LtdASTRAL · Industrials77-245%Watch
24Knack Packaging LtdKNACK · Industrials77-343%Watch
25Apar Industries LtdAPARINDS · Industrials77-187%Watch
26Inox India LtdINOXINDIA · Industrials77-957%Watch
27Hindustan Aeronautics LtdHAL · Industrials77-160%Watch
28KSB LtdKSB · Industrials76-127%Watch
29AIA Engineering LtdAIAENG · Industrials76-39%Watch
30Elgi Equipments LtdELGIEQUIP · Industrials76-79%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.