Other Electrical Equipment industry
83 companies · ₹3.4 L cr · 20 with AI deep dives · Q1FY27 report
DCR integration lifts integrated solar names; module overcapacity and commodity shocks split sector margins
- Revenue YoY
- +49.4%
- EBITDA margin
- 15.9%
- -20bps YoY
- Price, 1 year
- +1.9%
- 52% of names up
- P/E vs own 5y
- -1.1%
- 27.2x now
Exhibit 1The quarter in numbers
constant panel of 25 companies above ₹500 cr- Jun 26
- 25,368 cr
- Mar 26
- 26,392 cr
- QoQ
- -3.9%
- Jun 25
- 16,982 cr
- YoY
- +49.4%
- Peak
- 26,392 cr
- vs peak
- -3.9%
- Jun 26
- 15.9%
- Mar 26
- 15.1%
- QoQ
- +80bps
- Jun 25
- 16.1%
- YoY
- -20bps
- Peak
- 18.0%
- vs peak
- -210bps
Breadth: 84% of 32 companies grew revenue year on year (was 85% a quarter earlier) and 50% expanded margin (was 54%).
Exhibit 2What it costs
17.62x - 47.86x across the panel todayThe median name trades at 27.2x, -1.1% against this industry's own 5-year median of 27.5x, and -43.3% against its own peak of 48.0x.
Exhibit 3Structure
₹3.4 L crWaaree Energies Ltd is 21.8% of this industry by market cap. The top 5 are 66.7% and the top 10 are 82.4%.
Exhibit 4Screen
P/E below the sub-industry median of 27.21x, 5y ROCE above its median of 15.6%, and at least 2 growth triggers stated on the latest earnings call.
Which names clear this screen is premium
The screen runs on stated growth triggers from the latest earnings calls - the same guidance data the stock screener reserves for premium. Premium names every company in this industry that is cheap against its own median and has the triggers behind it.
See plans →Exhibit 5Coverage (25 of 83)
Every company here with a deep dive, topped up by market cap. The rest of the industry is in the appendix.
- Mcap
- ₹23,914 cr
- P/E
- 18.6x
- EV/EBITDA
- 13.5x
- ROCE
- 39.2%
- Margin
- 35.0%
- Rev YoY
- -
- Mcap
- ₹19,477 cr
- P/E
- 94.4x
- EV/EBITDA
- 95.0x
- ROCE
- 10.6%
- Margin
- 12.1%
- Rev YoY
- +128.6%
- Mcap
- ₹9,873 cr
- P/E
- 15.2x
- EV/EBITDA
- 12.4x
- ROCE
- 29.5%
- Margin
- 20.2%
- Rev YoY
- +44.8%
- Mcap
- ₹8,734 cr
- P/E
- 17.1x
- EV/EBITDA
- 13.3x
- ROCE
- 67.5%
- Margin
- 19.7%
- Rev YoY
- +53.2%
- Mcap
- ₹1,749 cr
- P/E
- 46.6x
- EV/EBITDA
- 27.6x
- ROCE
- 16.4%
- Margin
- 10.7%
- Rev YoY
- +57.9%
- Mcap
- ₹1,425 cr
- P/E
- 251.5x
- EV/EBITDA
- 103.4x
- ROCE
- 4.5%
- Margin
- 18.1%
- Rev YoY
- +29.3%
Exhibit 6What managements said
from this industry's latest earnings calls · as of 2026-06-30Nine companies across the bucket reported order books at or near all-time highs in Q1 FY27, providing multi-quarter revenue visibility. Waaree Energies crossed ₹61,500 Cr (up from…
- WAAREEENER (Q1FY27): “Our order book stands at approximately INR61,500 crores, the highest in our history, up…”
Exhibit 7Outlook
The outlook and what resolves next quarter
Where these managements said things are heading, and the dated, checkable events that would change it. Free with an account - 3 full reports a quarter.
Create a free account →AppendixThe other 58 companies
1-30- Mcap
- ₹2,299 cr
- P/E
- -
- EV/EBITDA
- -
- ROCE
- -
- Margin
- -
- Rev YoY
- -
- Mcap
- ₹2,277 cr
- P/E
- 38.3x
- EV/EBITDA
- 24.5x
- ROCE
- 31.0%
- Margin
- 13.3%
- Rev YoY
- +51.4%
- Mcap
- ₹1,012 cr
- P/E
- -
- EV/EBITDA
- 60.2x
- ROCE
- -3.9%
- Margin
- 0.8%
- Rev YoY
- +79.8%
- Mcap
- ₹824 cr
- P/E
- 112.9x
- EV/EBITDA
- 24.0x
- ROCE
- 15.3%
- Margin
- 6.3%
- Rev YoY
- -21.5%
- Mcap
- ₹783 cr
- P/E
- 16.4x
- EV/EBITDA
- 10.9x
- ROCE
- 11.7%
- Margin
- 12.9%
- Rev YoY
- +40.3%
- Mcap
- ₹718 cr
- P/E
- 45.5x
- EV/EBITDA
- 30.9x
- ROCE
- 18.9%
- Margin
- 11.8%
- Rev YoY
- -
- Mcap
- ₹610 cr
- P/E
- 47.8x
- EV/EBITDA
- 27.9x
- ROCE
- 14.2%
- Margin
- 19.6%
- Rev YoY
- +19.2%
- Mcap
- ₹448 cr
- P/E
- 52.0x
- EV/EBITDA
- 34.3x
- ROCE
- 12.5%
- Margin
- 16.2%
- Rev YoY
- -17.6%
- Mcap
- ₹257 cr
- P/E
- 39.7x
- EV/EBITDA
- 23.3x
- ROCE
- 13.0%
- Margin
- 13.8%
- Rev YoY
- -8.9%
- Mcap
- ₹216 cr
- P/E
- 13.4x
- EV/EBITDA
- 9.3x
- ROCE
- 13.2%
- Margin
- 11.2%
- Rev YoY
- +18.4%
- Mcap
- ₹201 cr
- P/E
- 174.2x
- EV/EBITDA
- 36.1x
- ROCE
- 0.9%
- Margin
- 2.5%
- Rev YoY
- +25.8%
28 more companies
This industry has 58 constituents beyond the covered names. The first page is free; premium opens the rest.
See plans →