Best Electric Equipment Stocks

Identify key beneficiaries of India's electrification, energy upgrades, and capex cycle.

Name	Price (Rs)	Market Cap (Rs Cr)	ROE (%)	ROCE (%)	Debt/Eq (x)	Sales var 3yrs (%)	Profit var 3yrs (%)	P/E (x)	P/BV (x)	EV/EBITDA (x)
ABB India	4,691.75	99,422.11	26.45	35.54	0.00	20.68	67.49	56.37	14.05	53.03
CG Power and Industrial Solutions	549.45	86,531.65	25.35	32.05	0.00	21.23	34.14	80.99	11.60	65.81
Siemens Energy India	2,118.45	75,442.35	25.10	29.22	0.00	NM	NM	68.58	17.22	73.30
Waaree Energies	2,597.80	74,723.35	19.69	24.82	0.10	71.69	191.39	22.86	6.51	19.99
Hitachi Energy India	16,504.10	73,562.67	9.11	13.07	0.00	9.34	31.84	102.56	16.05	80.56
Premier Energies	684.25	30,996.14	33.20	34.91	0.67	NM	NM	23.29	8.97	22.02
Schneider Electric Infrastructure	607.25	14,519.59	56.11	33.90	0.51	19.88	102.31	56.13	22.06	39.71
Emmvee Photovoltaic Power	198.00	13,708.43	68.74	23.03	3.63	NM	NM	0.00	14.04	0.00
Waaree Renewable Technologies	876.00	9,140.69	50.31	62.96	0.06	114.68	200.37	21.93	13.89	28.54
Genus Power Infrastructures	254.00	7,727.13	16.67	21.00	0.73	52.76	75.65	16.79	4.05	14.17
Fujiyama Power Systems	205.20	6,287.55	2.50	3.14	0.19	NM	NM	0.00	23.00	0.00
Atlanta Electricals	727.70	5,595.77	33.90	43.11	0.40	25.75	28.97	38.80	7.16	0.00
Saatvik Green Energy	362.05	4,601.84	63.41	60.44	1.36	NM	NM	13.79	3.83	0.00
Shilchar Technologies	2,985.00	3,414.90	42.34	56.38	0.00	51.23	118.69	19.23	8.13	19.79
Websol Energy Systems	74.86	3,159.57	55.65	49.86	0.55	39.23	163.58	15.54	8.07	20.07
Bharat Bijlee	2,443.00	2,761.35	6.88	9.13	0.04	14.53	33.97	18.78	1.26	13.91
Ravindra Energy	145.00	2,589.04	6.39	7.19	0.56	-31.08	-12.62	31.92	6.58	44.46
Marsons	144.15	2,480.82	22.87	23.03	0.02	NM	NM	76.25	17.75	113.36
Marine Electricals (India)	170.49	2,357.78	9.51	15.15	0.12	26.79	43.61	50.51	5.48	26.38
Insolation Energy Ltd	99.20	2,185.80	20.47	25.16	0.18	83.63	162.69	15.08	3.18	32.30
Honda India Power Products	2,036.65	2,065.79	9.25	12.51	0.00	-11.77	2.36	27.22	2.72	11.64
Kernex Microsystems (India)	1,136.75	1,910.02	31.81	24.33	0.26	205.57	57.80	35.50	10.99	30.91
Alpex Solar	777.35	1,902.44	38.57	50.31	0.33	67.65	654.70	12.38	4.03	11.03
Spectrum Electrical Industries	1,198.45	1,883.23	13.43	17.30	0.88	16.98	49.56	50.71	8.74	57.65
Ujaas Energy	118.95	1,586.77	7.88	10.82	0.60	44.35	13.24	521.71	11.08	8.99

Data Source: Dion Global
Note: Company data is consolidated; Exceptional items, minority interest excluded

Jan 23, 2026, 4:01 PM IST

1 of 4 pages

The largest company, by revenues, in the Electric Equipment sector is Waaree Energies. Its revenues for the most recent year ended is Rs 14,444.50 cr.

Waaree Energies has a market capitalisation of Rs 74,723.35 cr. Over the previous 12 months, Waaree Energies’s share price gained 10.83%.

You can get the latest share price and detailed financials of Waaree Energies here.

Also, you can see the latest share price performance of all electric equipment stocks here.

Disclaimer: Analysis and Recommendations are provided by various stock brokerage firms and from various Stock Market Experts. Financialexpress.com's/IE Online Media Services Pvt. Ltd (IEOMSPL) does not provide individual or customized investment services.

Since each individual's situation is unique, a qualified professional should be consulted before making financial decisions.

Financialexpress.com / IEOMSPL makes no guarantees as to the accuracy, thoroughness, or quality of the information provided, which is provided only on an “AS AVAILABLE” basis at visitor's sole risk. Financialexpress.com/IEOMSPL shall not be responsible or liable for any errors, omissions or inaccuracies in the content. The information and investment, accounting, or legal information provided here are neither comprehensive nor appropriate for every individual. The visitor is advised to verify any information before using it for any personal, financial, accounting, legal, or business purpose. In addition, the opinions and views expressed in any article on Financialexpress.com's/ IEOMSPL are solely those of the author(s) of the article received as is from Stock Brokerage Firm and Stock Market Experts and do not reflect the opinions of financialexpress.com/IEOMSPL or its management. Financialexpress.com/ IEOMSPL 's content herein may be modified at any time by us, without advance notice or reason, and financialexpress.com/IEOMSPL shall have no obligation to notify you of any corrections or changes to any Site content.

Why Use This Screener?

This screener helps you spot companies powering India's infrastructure and manufacturing ambitions.

Capex Revival Boost

Infra and industrial spending spur demand for transformers, cables, switchgear, and automation equipment.

Power Grid Modernization

The demand for smart grids, substations, and transmission solutions is rising rapidly.

EV Charging Infrastructure

Electric mobility needs robust charging networks—creating growth for electrical equipment players.

Strong Public & Private Demand

Both government projects and private factories are pushing equipment sales upward.

FAQs on Best Electric Equipment Stocks

Which industries drive demand for electric equipment?

Core sectors like power, infrastructure, construction, manufacturing, and EV charging all drive demand for transformers, switchgear, cables, and other equipment.

Are these companies capital-intensive?

Yes. Many electric equipment companies require massive investments in machinery and R&D. High volumes and government orders may lead to strong returns.

How linked are they to government tenders?

Very. A large part of their revenue often comes from public infrastructure, utilities, and smart city projects. Timely policy execution can directly impact order books.