{"id":327466,"date":"2026-10-27T09:42:16","date_gmt":"2026-10-27T04:12:16","guid":{"rendered":"https:\/\/univest.in\/blogs-2\/?p=327466"},"modified":"2026-10-27T09:42:16","modified_gmt":"2026-10-27T04:12:16","slug":"smallcap-capital-goods-stocks-to-watch-multibagger-potential","status":"publish","type":"post","link":"https:\/\/univest.in\/blogs-2\/smallcap-capital-goods-stocks-to-watch-multibagger-potential\/","title":{"rendered":"4 Smallcap Capital Goods Stocks to Watch for Future Multibagger Potential: Elgi Equipments, Happy Forgings, Genus Power and Kirloskar Pneumatic"},"content":{"rendered":"

Elgi Equipments Rs 520.20. Happy Forgings Rs 1,758.40. Genus Power Rs 260.80. Kirloskar Pneumatic Rs 594. Market caps from Rs 7,999 crore to Rs 17,716 crore. Data as of 26 Oct 2026.<\/em><\/p>\n

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Quick Answer<\/strong><\/p>\n

Elgi Equipments, Happy Forgings, Genus Power and Kirloskar Pneumatic are the 4 picks in this capital goods stocks watchlist, with market caps between Rs 7,999 crore and Rs 17,716 crore. Elgi Equipments stands out for the largest market cap at Rs 17,716 crore, while Happy Forgings offers the strongest latest-quarter profit growth at 39.23%. PE ratios run from 12.50 to 53.44, so compare each one with its industry PE before investing. All figures are as of 26 October 2026.<\/p>\n<\/p><\/div>\n

Capital goods stocks to watch for multibagger potential start with a simple filter: size, a clean financial record and earnings that keep growing. Elgi Equipments, Happy Forgings, Genus Power and Kirloskar Pneumatic meet that test, with market caps from Rs 7,999 crore to Rs 17,716 crore and Elgi Equipments offering the largest market cap at Rs 17,716 crore. Each of these companies has a market capitalisation below Rs 30,000 crore and a return on equity of at least 10 per cent and net profit growth in FY26 and in the latest quarter, and net profit rose in FY26 and in the latest quarter.<\/p>\n

This list covers companies with a market capitalisation below Rs 30,000 crore and a return on equity of at least 10 per cent and net profit growth in FY26 and in the latest quarter, rising profit in FY26 and the latest quarter, and complete, verifiable financials, ranked by market capitalisation. Each company has a market cap below Rs 30,000 crore. Investors screening capital goods stocks usually begin with size and balance sheet strength, and this list follows the same logic. All figures are as of 26 October 2026 and are drawn from NSE and BSE data and company filings.<\/p>\n

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