Electrical Equipment
128 companies · ₹16.3 L cr · 8 with AI deep dives
5y revenue CAGR
median 21.22%(p25 12.52% · p75 29.86%)
5y avg ROCE
median 17.28%(p25 7.98% · p75 29.14%)
Debt / equity
median 0.32x(p25 0.11x · p75 0.67x)
AI sector brief
from the bucket's latest earnings calls · as of 2026-06-30tailwindPower T&D order books and revenues at multi-year highs across the sector5 managements
Five of the eight covered companies reported record or near-record order inflows and revenue growth in FY26, reflecting sustained government and private-sector investment in grid…
- GVT&D (Q4 FY26): “our order book remained strong in Q4, and we saw a booking of INR86.1 billion, up by 188%…”
tailwind4 managements🔒headwind3 managements🔒headwind3 managements🔒mixed6 managements🔒tailwind2 managements🔒tailwind3 managements🔒
6 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) |
|---|---|---|---|---|
| Hitachi Energy India Ltd | ₹1.5 L cr | - | earnings quality strongstory tensioncyclical high volatilitygross block efficient | |
| CG Power & Industrial Solutions Ltd | ₹1.4 L cr | 🔒 unlock to view | capex coming onlineroce compoundernet cashgross block efficient | |
| ABB India Ltd | ₹1.4 L cr | 🔒 unlock to view | roce compoundergross block efficient | |
| Bharat Heavy Electricals Ltd | ₹1.3 L cr | 🔒 unlock to view | earnings quality strongstory tensiongross block efficient | |
| Siemens Energy India Ltd | ₹1.3 L cr | 🔒 unlock to view | roce compounderearnings quality stronggross block efficient | |
| Siemens Ltd | ₹1.3 L cr | - | earnings quality weakcyclical high volatilitygross block efficient | |
| GE Vernova T&D India Ltd | ₹1.3 L cr | 🔒 unlock to view | earnings quality strongstory tensioncyclical high volatilitygross block efficient | |
| Waaree Energies Ltd | ₹87,273 cr | 🔒 unlock to view | capex coming onlineroce compoundercapex intensity elevatedgross block efficient | |
| Suzlon Energy Ltd | ₹75,568 cr | - | roce compounderearnings quality weaknet cashcyclical high volatility | |
| Apar Industries Ltd | ₹60,895 cr | - | capex coming onlineroce compoundercyclical high volatilitygross block efficient | |
| Thermax Ltd | ₹55,980 cr | 🔒 unlock to view | latent operating leveragecapex coming onlinecyclical high volatilitygross block efficient | |
| Premier Energies Ltd | ₹46,867 cr | - | capex coming onlineroce compounderearnings quality strongcapex intensity elevated | |
| Schneider Electric Infrastructure Ltd | ₹26,469 cr | - | earnings quality strongdeleveraginggross block efficient | |
| Emmvee Photovoltaic Power Ltd | ₹23,782 cr | 🔒 unlock to view | roce compounderearnings quality weaknet cashcapex intensity elevated | |
| Triveni Turbine Ltd | ₹21,363 cr | - | roce compoundergross block efficient | |
| TD Power Systems Ltd | ₹18,708 cr | Mixed guidance delivery; strong operations priced ahead of management's FY28 capacity ceiling | net cashstory tensiongross block efficient | |
| Inox Wind Ltd | ₹15,212 cr | - | cyclical high volatilitycapex intensity elevated | |
| Atlanta Electricals Ltd | ₹14,257 cr | 🔒 unlock to view | roce compoundernet cashgross block efficient | |
| Azad Engineering Ltd | ₹13,788 cr | - | capex coming onlinecapex intensity elevatedgross block underutilised | |
| Inox Wind Energy Ltd | ₹12,401 cr | - | deleveragingstory tension | |
| Elecon Engineering Company Ltd | ₹11,981 cr | - | earnings quality stronggross block efficient | |
| Avalon Technologies Ltd | ₹11,290 cr | - | earnings quality weakgross block efficient | |
| Diamond Power Infrastructure Ltd | ₹10,645 cr | - | earnings quality weak | |
| Waaree Renewable Technologies Ltd | ₹9,965 cr | - | capex coming onlineroce compoundernet cashcyclical high volatility | |
| Voltamp Transformers Ltd | ₹9,814 cr | - | capex coming onlineroce compoundergross block efficient | |
| Genus Power Infrastructures Ltd | ₹9,660 cr | - | levering upgross block efficient | |
| Fujiyama Power Systems Ltd | ₹9,473 cr | - | capex coming onlineroce compounderearnings quality weakcapex intensity elevated | |
| Quality Power Electrical Equipments Ltd | ₹9,457 cr | - | capex coming onlineroce compounderearnings quality weaknet cash | |
| Transformers & Rectifiers India Ltd | ₹9,455 cr | - | capex coming onlineearnings quality weakdeleveragingcyclical high volatility | |
| Vikram Solar Ltd | ₹7,635 cr | - | capex coming onlineroce compounderearnings quality strongnet cash | |
| Transrail Lighting Ltd | ₹6,444 cr | 🔒 unlock to view | roce compounderearnings quality stronggross block efficient | |
| GE Power India Ltd | ₹6,249 cr | - | story tensioncyclical high volatilitygross block efficient | |
| Skipper Ltd | ₹6,113 cr | 🔒 unlock to view | earnings quality strongdeleveraginggross block efficient | |
| Saatvik Green Energy Ltd | ₹6,063 cr | - | capex coming onlineroce compounderearnings quality weakcapex intensity elevated | |
| Powerica Ltd | ₹5,821 cr | - | earnings quality strongcapex intensity elevatedgross block efficient | |
| Shilchar Technologies Ltd | ₹4,610 cr | - | roce compoundergross block efficient | |
| Websol Energy System Ltd | ₹4,494 cr | - | roce compoundercapex intensity elevatedgross block efficient | |
| Ram Ratna Wires Ltd | ₹3,561 cr | - | latent operating leverageroce compounderearnings quality stronggross block efficient | |
| Oriana Power Ltd | ₹3,314 cr | - | capex coming onlineroce compounderearnings quality strongdeleveraging | |
| Bharat Bijlee Ltd | ₹3,146 cr | - | capex coming onlinecyclical high volatilitygross block efficient | |
| Indo Tech Transformers Ltd | ₹2,761 cr | - | net cashgross block efficient | |
| Ravindra Energy Ltd | ₹2,709 cr | - | latent operating leverageearnings quality stronglevering upcyclical high volatility | |
| Advait Energy Transitions Limited | ₹2,519 cr | - | capex coming onlineroce compoundergross block efficient | |
| Alpex Solar Ltd | ₹2,439 cr | - | capex coming onlineroce compounderearnings quality weakgross block efficient | |
| Servotech Renewable Power System Ltd | ₹2,305 cr | - | latent operating leveragelevering upstory tensioncyclical high volatility | |
| Bajel Projects Ltd | ₹2,295 cr | - | earnings quality stronggross block efficient | |
| Rishabh Instruments Ltd | ₹2,128 cr | - | earnings quality strongnet cash | |
| Yash Highvoltage Ltd | ₹2,099 cr | - | capex coming onlineroce compounderearnings quality weak | |
| Marsons Ltd | ₹2,022 cr | - | roce compounderearnings quality weaknet cashgross block efficient | |
| Exicom Tele-Systems Ltd | ₹1,968 cr | - | levering upcapex intensity elevated | |
| Modern Insulators Ltd | ₹1,947 cr | - | story tension | |
| Kp Green Engineering Ltd | ₹1,830 cr | - | roce compounder | |
| Danish Power Ltd | ₹1,686 cr | - | roce compounderearnings quality weak | |
| Indosolar Ltd | ₹1,618 cr | - | gross block efficient | |
| Jyoti Structures Ltd | ₹1,448 cr | - | cyclical high volatilitygross block efficient | |
| Rir Power Electronics Ltd | ₹1,361 cr | - | latent operating leveragecapex coming onlinenet cash | |
| Neueon Corporation Ltd | ₹1,239 cr | - | cyclical high volatilitygross block underutilised | |
| Solex Energy Ltd | ₹1,159 cr | - | roce compounderearnings quality stronggross block efficient | |
| Salzer Electronics Ltd | ₹1,125 cr | - | levering upgross block efficient | |
| Modison Ltd | ₹990 cr | - | levering upstory tensioncyclical high volatilitygross block efficient | |
| Swelect Energy Systems Ltd | ₹967 cr | - | earnings quality stronglevering upcyclical high volatilitycapex intensity elevated | |
| Vivid Electromech Ltd | ₹967 cr | - | capex coming onlineroce compounderearnings quality weakcapex intensity elevated | |
| Hindusthan Insulators & Industries Ltd | ₹891 cr | - | levering upcapital destroyer | |
| Mangal Electrical Industries Ltd | ₹857 cr | - | earnings quality weaknet cashgross block efficient | |
| Prostarm Info Systems Ltd | ₹834 cr | - | capex coming onlinegross block efficient | |
| Ganesh Green Bharat Ltd | ₹767 cr | - | roce compounderearnings quality weakgross block efficient | |
| Permanent Magnets Ltd | ₹724 cr | - | earnings quality strong | |
| Spel Semiconductor Ltd | ₹711 cr | - | latent operating leveragemargin under pressurelevering upcapital destroyer | |
| Kirloskar Electric Company Ltd | ₹664 cr | - | earnings quality strongdeleveragingstory tensioncyclical high volatility | |
| Indo Smc Ltd | ₹648 cr | - | ||
| Magnus Steel & Infra Ltd | ₹627 cr | - | ||
| Australian Premium Solar (India) Ltd | ₹625 cr | - | roce compounderearnings quality weakgross block efficient | |
| Parth Electricals & Engineering Ltd | ₹603 cr | - | capex coming onlineroce compounderearnings quality weakgross block efficient | |
| Supreme Power Equipment Ltd | ₹592 cr | - | capex coming onlineroce compounderearnings quality strongcapex intensity elevated | |
| Urja Global Ltd | ₹579 cr | - | net cashcyclical high volatility | |
| S & S Power Switchgear Ltd | ₹506 cr | - | gross block efficient | |
| GP Eco Solutions India Ltd | ₹503 cr | - | roce compounderlevering upgross block efficient | |
| Saakshi Medtech & Panels Ltd | ₹459 cr | - | earnings quality strongcapex intensity elevated | |
| Gee Ltd | ₹431 cr | - | capex coming onlinemargin under pressureearnings quality strongcapex ahead of revenue | |
| Artemis Electricals & Projects Ltd | ₹409 cr | - | capex coming onlineearnings quality strongnet cashcyclical high volatility | |
| Delton Cables Ltd | ₹354 cr | - | latent operating leveragemargin under pressuredeleveraging | |
| RMC Switchgears Ltd | ₹307 cr | - | roce compounderearnings quality weakdeleveraginggross block efficient | |
| Avana Electrosystems Ltd | ₹292 cr | - | capex coming onlineroce compoundernet cashgross block efficient | |
| Sahaj Solar Ltd | ₹288 cr | - | capex coming onlineroce compoundergross block efficient | |
| United Van Der Horst Ltd | ₹275 cr | - | earnings quality strongdeleveraging | |
| Kaycee Industries Ltd | ₹272 cr | - | roce compounderearnings quality strong | |
| Sugs Lloyd Ltd | ₹269 cr | - | roce compounderearnings quality weak | |
| Aplab Ltd | ₹264 cr | - | earnings quality strongdeleveraging | |
| Dhanashree Electronics Ltd | ₹241 cr | - | deleveraging | |
| Power & Instrumentation (Gujarat) Ltd | ₹202 cr | - | latent operating leveragenet cash | |
| Nitiraj Engineers Ltd | ₹195 cr | - | earnings quality strong | |
| Lakshmi Electrical Control Systems | ₹184 cr | - | latent operating leveragemargin under pressurenet cashcyclical peak base | |
| Star Delta Transformers Ltd | ₹179 cr | - | ||
| Shivalic Power Control Ltd | ₹174 cr | - | earnings quality weak | |
| Akanksha Power & Infrastructure Ltd | ₹162 cr | - | levering up | |
| Jyoti Ltd | ₹138 cr | - | earnings quality strong | |
| Amba Enterprises Ltd | ₹137 cr | - | roce compoundernet cash | |
| Surana Solar Ltd | ₹135 cr | - | gross block efficient | |
| Aartech Solonics Ltd | ₹132 cr | - | margin under pressurestory tensioncyclical high volatilitygross block efficient | |
| Eppeltone Engineers Ltd | ₹129 cr | - | earnings quality weak |