India, Oct. 18 -- Every big building, factory or highway project needs scaffolding, those metal frames workers stand on while they build at height. It's a boring business in India, and most of it still sits with small local players who don't have much scale. But boring businesses can make good money when the model is right, and a few listed names are slowly trying to bring some order to this space.

Msafe Equipments is trading at Rs 304, up 3.05% as of 14 October 2026, 12:44 pm. It has a market cap of Rs 620 crore and a stock P/E of 23.3, which simply means investors are paying Rs 23.3 for every Rs 1 of yearly profit. ROCE is at 37.2%, which tells you how much profit the business makes on the money invested in it.

Msafe Equipments makes...