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	5,865.90	1,24,303.33	26.45	35.54	0.00	20.68	67.49	70.47	17.57	53.03
CG Power and Industrial Solutions	690.25	1,08,707.65	25.35	32.05	0.00	21.23	34.14	97.69	14.57	65.81
Hitachi Energy India	22,745.95	1,01,384.07	9.11	13.07	0.00	9.34	31.84	120.51	22.12	80.56
Siemens Energy India	2,788.55	99,305.98	25.10	29.22	0.00	NM	NM	84.07	22.67	73.30
Waaree Energies	3,103.45	89,267.92	19.69	24.82	0.10	71.69	191.39	27.31	7.77	19.99
Premier Energies	760.15	34,434.37	33.20	34.91	0.67	NM	NM	25.88	9.97	22.02
Schneider Electric Infrastructure	824.00	19,702.17	56.11	33.90	0.51	19.88	102.31	80.35	29.93	39.71
Emmvee Photovoltaic Power	208.90	14,463.09	68.74	23.03	3.63	NM	NM	16.14	14.81	0.00
Waaree Renewable Technologies	888.05	9,266.43	50.31	62.96	0.06	114.68	200.37	22.23	14.08	28.54
Genus Power Infrastructures	267.75	8,145.43	16.67	21.00	0.73	52.76	75.65	14.98	4.27	14.17
Atlanta Electricals	875.25	6,730.38	33.90	43.11	0.40	25.75	28.97	46.67	8.61	0.00
Fujiyama Power Systems	207.00	6,342.71	2.50	3.14	0.19	NM	NM	0.00	23.20	0.00
Saatvik Green Energy	419.85	5,336.50	63.41	60.44	1.36	NM	NM	13.61	4.44	0.00
Shilchar Technologies	3,906.00	4,468.54	42.34	56.38	0.00	51.23	118.69	24.14	10.64	19.79
Bharat Bijlee	2,492.00	2,816.74	6.88	9.13	0.04	14.53	33.97	21.49	1.28	13.91
Websol Energy Systems	65.50	2,764.52	55.65	49.86	0.55	39.23	163.58	12.19	7.06	20.07
Insolation Energy Ltd	120.65	2,658.44	20.47	25.16	0.18	83.63	162.69	15.00	3.87	32.30
Ravindra Energy	146.95	2,623.86	6.39	7.19	0.56	-31.08	-12.62	32.35	6.67	44.46
Marine Electricals (India)	187.00	2,586.11	9.51	15.15	0.12	26.79	43.61	48.55	6.01	26.38
Marsons	139.60	2,402.52	22.87	23.03	0.02	NM	NM	73.48	17.19	113.36
Ujaas Energy	174.80	2,331.79	7.88	10.82	0.60	44.35	13.24	766.67	16.28	8.99
Honda India Power Products	2,245.00	2,277.12	9.25	12.51	0.00	-11.77	2.36	30.99	2.99	11.64
Spectrum Electrical Industries	1,386.35	2,178.49	13.43	17.30	0.88	16.98	49.56	58.66	10.11	57.65
Alpex Solar	843.50	2,064.33	38.57	50.31	0.33	67.65	654.70	11.19	4.38	11.03
Kernex Microsystems (India)	1,161.05	1,950.85	31.81	24.33	0.26	205.57	57.80	37.04	11.23	30.91

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

Feb 17, 2026, 10:49 AM 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 89,267.92 cr. Over the previous 12 months, Waaree Energies’s share price gained 42.70%.

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.