Industry: Engineering

Manufacturing has emerged as one of the high growth sectors in India. Prime Minister of India, Mr Narendra Modi, had launched the ‘Make in India’ program to place India on the world map as a manufacturing hub and give global recognition to the Indian economy. India is expected to become the fifth largest manufacturing country in the world by the end of year 2020*.
Aug. 29, 2017, 6:42 p.m.

The Indian economy has grown at an average rate of around 9 percent for six years during 2005-06 to 2010-11 before it slowed down to 6.2 and 5% in 2011-12 and 2012-13. During 2013-14, it is estimated to have declined to below 5 %. Even at this rate, it has been growing faster than many developed economies. The prospects for growth in medium term for India are strong given revival in global demand and the new government taking over that has a clear growth agenda. Given India’s huge untapped domestic market on account of large middle class and ‘potential demographic dividend’ coupled with the concerted efforts to put the economy back on growth track, the future growth propsects appear positive and strong.
Aug. 29, 2017, 4:31 p.m.

The Indian Engineering sector has witnessed a remarkable growth over the last few years driven by increased investments in infrastructure and industrial production. The engineering sector, being closely associated with the manufacturing and infrastructure sectors, is of strategic importance to India’s economy.
Aug. 29, 2017, 1:08 p.m.

Industrial Outlook Survey of the Manufacturing Sector
Aug. 28, 2017, 10:04 a.m.

Engineering and Capital Goods: Sector Report - IBEF
Aug. 23, 2017, 1:51 p.m.

Q1FY18 earnings season for the Capital Goods sector was largely a mixed bag. Commentary on end markets like Power T&D led by SEB/Urban Transport/Renewable/Railways/Defence/Water/Genset/O&G was positive for the year ahead.
Aug. 23, 2017, 1:12 p.m.

Electrical Machinery: Sector Report - IBEF
Aug. 23, 2017, 10:02 a.m.

The future of the economy is dependent on investments and performance of the capital goods sector. So is the capital goods industry all set for a revival?
Aug. 9, 2017, 4:49 p.m.

Indian Bearings Industry: Research Report
Aug. 8, 2017, 12:49 p.m.

Karvy maintains positive outlook on ESAB while the company has been trading at an average P/E multiple of 24.5x and average P/B of 3.2x for the last five years. Re-iterate a “HOLD” rating while maintaining the target price.
July 20, 2017, 4:06 p.m.
Author : Karvy | Publisher: