Home / Business and Economy / 4 Indian SMEs Fueling National Projects
4 Indian SMEs Fueling National Projects
14 Sep
Summary
- Four SMEs show strong growth linked to India's infrastructure spending.
- Companies selected combine sales/profit growth with healthy returns.
- Focus on railway, solar, water, and transformer manufacturing sectors.
India's substantial infrastructure investment is creating significant business opportunities for select small and medium-sized enterprises (SMEs). Four publicly listed companies have emerged as key beneficiaries, showcasing robust three-year sales and profit growth, coupled with strong returns on capital and minimal debt. These enterprises operate in critical sectors, including railway components, solar energy solutions, industrial water treatment, and transformer manufacturing for renewable projects.
Neetu Yoshi, a manufacturer of customized ferrous metallurgical products, is experiencing rapid growth driven by railway capital expenditure, with impressive sales and profit CAGRs. Ganesh Green Bharat is powering solar and water infrastructure through its module manufacturing and project execution. Apex Ecotech specializes in industrial wastewater treatment projects, and Danish Power is a crucial supplier of transformers for renewable energy installations. The commercial production start of Neetu Yoshi's new plant in Bhagwanpur, Haridwar, is anticipated by September 13, 2026, bolstering its capacity to meet growing demand.
These companies' expansions are underpinned by increasing order books and capacity additions. Ganesh Green Bharat plans to scale up solar-module capacity by the end of 2027 and has a significant battery energy storage project. Danish Power is investing in greenfield capacity for transformers and exploring export markets. While these SMEs demonstrate strong potential, investors are advised to monitor execution of new facilities, conversion of orders to revenue, and the translation of profits into cash, alongside the inherent liquidity risks of SME stocks.
