Electrical Equipment industry
129 companies · ₹1241090.5 L cr · 39 with AI deep dives
5y revenue CAGR
median 19.45%(p25 12.43% · p75 30.12%)
5y avg ROCE
median 17.41%(p25 7.69% · p75 29.1%)
Debt / equity
median 0.3x(p25 0.13x · p75 0.65x)
AI sector brief
from the bucket's latest earnings calls · as of 2026-06-30headwindCommodity cost inflation and INR depreciation squeezing margins sector-wide9 managements
Rising copper, aluminium, silver and steel prices, amplified by INR depreciation, pushed material cost ratios higher at nine covered companies. ABB's material cost rose ~3 - 3.5…
- ABB (Q1 CY2026): “there is also a swing in the exchange commodity losses, which is this time INR27.5 crores…”
tailwind9 managements🔒headwind7 managements🔒headwind6 managements🔒tailwind4 managements🔒mixed10 managements🔒
5 more themes from this quarter's earnings calls are locked. A free account opens the full brief: every theme with verbatim management quotes, the demand picture, companies running against the tide, and the regulatory & disruption watch. Sign up free →
| Company | Mcap | AI verdict | Signals | Stated KPIs (latest call) |
|---|---|---|---|---|
| Inox Wind Energy Ltd | ₹1241074.7 L cr | Unlock | deleveragingcyclical high volatilitycapex intensity elevated | |
| ABB India Ltd | ₹1.5 L cr | Unlock | roce compoundergross block efficient | |
| Bharat Heavy Electricals Ltd | ₹1.4 L cr | Unlock | earnings quality stronggross block efficient | |
| Hitachi Energy India Ltd | ₹1.4 L cr | Unlock | earnings quality strongcyclical high volatilitygross block efficient | |
| CG Power & Industrial Solutions Ltd | ₹1.3 L cr | Unlock | capex coming onlineroce compoundernet cashgross block efficient | |
| Siemens Ltd | ₹1.3 L cr | Unlock | earnings quality weakcyclical high volatilitygross block efficient | |
| Siemens Energy India Ltd | ₹1.1 L cr | Unlock | roce compounderearnings quality stronggross block efficient | |
| GE Vernova T&D India Ltd | ₹1.1 L cr | Unlock | earnings quality strongcyclical high volatilitygross block efficient | |
| Waaree Energies Ltd | ₹77,526 cr | Unlock | capex coming onlineroce compoundercapex intensity elevatedgross block efficient | |
| Suzlon Energy Ltd | ₹66,007 cr | Unlock | roce compounderearnings quality weaknet cashcyclical high volatility | |
| Apar Industries Ltd | ₹54,058 cr | Unlock | capex coming onlineroce compoundercyclical high volatilitygross block efficient | |
| Thermax Ltd | ₹52,667 cr | Unlock | latent operating leveragecapex coming onlinecyclical high volatilitygross block efficient | |
| Premier Energies Ltd | ₹45,854 cr | Unlock | capex coming onlineroce compounderearnings quality strongcapex intensity elevated | |
| Schneider Electric Infrastructure Ltd | ₹31,801 cr | Unlock | earnings quality strongdeleveraginggross block efficient | |
| Emmvee Photovoltaic Power Ltd | ₹22,754 cr | Unlock | roce compounderearnings quality weaknet cashcapex intensity elevated | |
| Triveni Turbine Ltd | ₹19,392 cr | Unlock | roce compoundergross block efficient | |
| TD Power Systems Ltd | ₹17,462 cr | Strong execution and sector tailwinds fully priced; working capital conversion the soft spot | net cashgross block efficient | |
| Diamond Power Infrastructure Ltd | ₹16,916 cr | Unlock | earnings quality weak | |
| Azad Engineering Ltd | ₹15,511 cr | Unlock | capex coming onlinecapex intensity elevatedgross block underutilised | |
| Inox Wind Ltd | ₹13,123 cr | Unlock | cyclical high volatilitycapex intensity elevated | |
| Atlanta Electricals Ltd | ₹11,797 cr | Unlock | roce compoundernet cashgross block efficient | |
| Fujiyama Power Systems Ltd | ₹11,730 cr | Unlock | capex coming onlineroce compounderearnings quality weakcapex intensity elevated | |
| Avalon Technologies Ltd | ₹10,956 cr | Unlock | earnings quality weakgross block efficient | |
| Waaree Renewable Technologies Ltd | ₹9,635 cr | Unlock | capex coming onlineroce compoundernet cashgross block efficient | |
| Genus Power Infrastructures Ltd | ₹9,523 cr | Unlock | levering upgross block efficient | |
| Voltamp Transformers Ltd | ₹9,419 cr | Unlock | capex coming onlineroce compoundergross block efficient | |
| Elecon Engineering Company Ltd | ₹9,319 cr | Unlock | earnings quality stronggross block efficient | |
| Transformers & Rectifiers India Ltd | ₹8,871 cr | Unlock | capex coming onlineearnings quality weakdeleveragingcyclical high volatility | |
| Quality Power Electrical Equipments Ltd | ₹8,583 cr | Unlock | capex coming onlineroce compounderearnings quality weaknet cash | |
| Powerica Ltd | ₹6,952 cr | Unlock | earnings quality strongcapex intensity elevatedgross block efficient | |
| Transrail Lighting Ltd | ₹6,462 cr | Unlock | roce compounderearnings quality stronggross block efficient | |
| Vikram Solar Ltd | ₹6,450 cr | Unlock | capex coming onlineroce compounderearnings quality strongnet cash | |
| Skipper Ltd | ₹5,712 cr | Unlock | earnings quality strongdeleveraginggross block efficient | |
| Saatvik Green Energy Ltd | ₹5,542 cr | Unlock | capex coming onlineroce compounderearnings quality weakcapex intensity elevated | |
| Shilchar Technologies Ltd | ₹5,050 cr | Unlock | roce compoundergross block efficient | |
| GE Power India Ltd | ₹4,992 cr | Unlock | cyclical high volatilitygross block efficient | |
| Websol Energy System Ltd | ₹4,313 cr | Unlock | roce compoundercapex intensity elevatedgross block efficient | |
| Ram Ratna Wires Ltd | ₹4,070 cr | Unlock | latent operating leverageroce compounderearnings quality stronggross block efficient | |
| Indo Tech Transformers Ltd | ₹3,634 cr | Unlock | net cashgross block efficient | |
| Ravindra Energy Ltd | ₹3,487 cr | Unlock | latent operating leverageearnings quality stronglevering upcyclical high volatility | |
| Oriana Power Ltd | ₹2,859 cr | Unlock | roce compounderearnings quality strongdeleveragingcapex intensity elevated | |
| Bharat Bijlee Ltd | ₹2,841 cr | Unlock | capex coming onlinecyclical high volatilitygross block efficient | |
| Yash Highvoltage Ltd | ₹2,616 cr | Unlock | capex coming onlineroce compounderearnings quality weakcapex intensity elevated | |
| Advait Energy Transitions Limited | ₹2,509 cr | Unlock | capex coming onlineroce compoundergross block efficient | |
| Rishabh Instruments Ltd | ₹2,349 cr | Unlock | earnings quality strongnet cash | |
| Modern Insulators Ltd | ₹2,263 cr | Unlock | cyclical high volatilitygross block efficient | |
| Exicom Tele-Systems Ltd | ₹2,213 cr | Unlock | levering upcapex intensity elevated | |
| Servotech Renewable Power System Ltd | ₹2,103 cr | Unlock | latent operating leveragelevering upcyclical high volatilitygross block efficient | |
| Alpex Solar Ltd | ₹2,084 cr | Unlock | capex coming onlineroce compounderearnings quality weakgross block efficient | |
| Bajel Projects Ltd | ₹2,030 cr | Unlock | earnings quality stronggross block efficient | |
| Marsons Ltd | ₹1,888 cr | Unlock | roce compounderearnings quality weaknet cashgross block efficient | |
| Kp Green Engineering Ltd | ₹1,655 cr | Unlock | roce compoundercapex intensity elevatedgross block efficient | |
| Danish Power Ltd | ₹1,577 cr | Unlock | roce compounderearnings quality weak | |
| Indosolar Ltd | ₹1,324 cr | Unlock | gross block efficient | |
| Jyoti Structures Ltd | ₹1,281 cr | Unlock | cyclical high volatilitygross block efficient | |
| Indo Smc Ltd | ₹1,023 cr | Unlock | roce compounderearnings quality weakgross block efficient | |
| Salzer Electronics Ltd | ₹992 cr | Unlock | levering upgross block efficient | |
| Solex Energy Ltd | ₹987 cr | Unlock | roce compounderearnings quality stronggross block efficient | |
| Hindusthan Insulators & Industries Ltd | ₹954 cr | Unlock | cyclical high volatility | |
| Kirloskar Electric Company Ltd | ₹940 cr | Unlock | earnings quality strongdeleveragingcyclical high volatility | |
| Swelect Energy Systems Ltd | ₹910 cr | Unlock | earnings quality stronglevering upcyclical high volatilitycapex intensity elevated | |
| Neueon Corporation Ltd | ₹890 cr | Unlock | cyclical high volatilitygross block underutilised | |
| Modison Ltd | ₹840 cr | Unlock | levering upcyclical high volatilitygross block efficient | |
| Mangal Electrical Industries Ltd | ₹805 cr | Unlock | earnings quality weaknet cashgross block efficient | |
| Permanent Magnets Ltd | ₹734 cr | Unlock | earnings quality stronggross block efficient | |
| Spel Semiconductor Ltd | ₹722 cr | Unlock | latent operating leveragelevering upcapital destroyercyclical high volatility | |
| Prostarm Info Systems Ltd | ₹716 cr | Unlock | capex coming onlinegross block efficient | |
| Ganesh Green Bharat Ltd | ₹639 cr | Unlock | roce compounderearnings quality weakgross block efficient | |
| Parth Electricals & Engineering Ltd | ₹621 cr | Unlock | roce compounderearnings quality weakgross block efficient | |
| Australian Premium Solar (India) Ltd | ₹566 cr | Unlock | roce compounderearnings quality weakgross block efficient | |
| Gee Ltd | ₹540 cr | Unlock | capex coming onlineearnings quality strongcapex ahead of revenuecapital destroyer | |
| Saakshi Medtech & Panels Ltd | ₹539 cr | Unlock | earnings quality strongcapex intensity elevated | |
| GP Eco Solutions India Ltd | ₹523 cr | Unlock | roce compounderlevering upgross block efficient | |
| Supreme Power Equipment Ltd | ₹506 cr | Unlock | roce compounderearnings quality strongcapex intensity elevated | |
| Urja Global Ltd | ₹503 cr | Unlock | net cashcyclical high volatility | |
| S & S Power Switchgear Ltd | ₹401 cr | Unlock | gross block efficient | |
| Delton Cables Ltd | ₹373 cr | Unlock | latent operating leveragedeleveraginggross block efficient | |
| Artemis Electricals & Projects Ltd | ₹367 cr | Unlock | capex coming onlineearnings quality strongnet cashcyclical high volatility | |
| Avana Electrosystems Ltd | ₹366 cr | Unlock | capex coming onlineroce compoundernet cashgross block efficient | |
| Sugs Lloyd Ltd | ₹338 cr | Unlock | roce compounderearnings quality weakgross block efficient | |
| Magnus Steel & Infra Ltd | ₹316 cr | Unlock | ||
| Kaycee Industries Ltd | ₹287 cr | Unlock | roce compounderearnings quality stronggross block efficient | |
| RMC Switchgears Ltd | ₹273 cr | Unlock | roce compounderearnings quality weakdeleveraginggross block efficient | |
| Sahaj Solar Ltd | ₹262 cr | Unlock | roce compoundergross block efficient | |
| United Van Der Horst Ltd | ₹252 cr | Unlock | earnings quality weakcapex intensity elevatedgross block underutilised | |
| Power & Instrumentation (Gujarat) Ltd | ₹229 cr | Unlock | latent operating leveragenet cashgross block efficient | |
| Nitiraj Engineers Ltd | ₹225 cr | Unlock | earnings quality strongcapex intensity elevated | |
| Aplab Ltd | ₹210 cr | Unlock | earnings quality strongdeleveragingcyclical high volatilitygross block efficient | |
| Dhanashree Electronics Ltd | ₹199 cr | Unlock | deleveragingcyclical high volatilitygross block efficient | |
| Lakshmi Electrical Control Systems | ₹192 cr | Unlock | latent operating leveragenet cashcyclical peak basecyclical high volatility | |
| Star Delta Transformers Ltd | ₹173 cr | Unlock | cyclical high volatilitygross block efficient | |
| Akanksha Power & Infrastructure Ltd | ₹169 cr | Unlock | levering upcapex intensity elevated | |
| Shivalic Power Control Ltd | ₹164 cr | Unlock | earnings quality weakgross block efficient | |
| Aartech Solonics Ltd | ₹146 cr | Unlock | cyclical high volatilitygross block efficient | |
| Amba Enterprises Ltd | ₹138 cr | Unlock | roce compoundernet cashcyclical high volatilitygross block efficient | |
| Eppeltone Engineers Ltd | ₹135 cr | Unlock | earnings quality weakcapex intensity elevated | |
| Surana Solar Ltd | ₹133 cr | Unlock | latent operating leverageearnings quality strongcapital destroyercyclical high volatility | |
| Jyoti Ltd | ₹127 cr | Unlock | earnings quality stronggross block efficient | |
| Accord Transformer & Switchgear Ltd | ₹121 cr | Unlock | earnings quality stronggross block efficient | |
| Smarten Power Systems Ltd | ₹112 cr | Unlock | earnings quality weaknet cashgross block efficient |