Sector analysis

Electrical Equipment

Read from what its listed companies are showing. Each industry inside it is judged on its own below.

Mixed

134 listed companies · ₹ 14,12,915 Cr. total market value

▲67% of companies grew sales by more than 8% from a year earlier; the typical company's profit rose 23%. 12% made a loss.
▲10 credit rating upgrades and 1 downgrade in the last 90 days.
–82 good and 7 bad company announcements, including 32 big orders won (read since 6 Oct 2026; not counted until there is a month of them).
▼The typical share is down 9.8% in 3 months; 38% of shares trade above their 200-day average (their usual level).
–Typical P/E 29, 11% below these companies' usual level (cheaper than normal).
–Raised ₹ 718 Cr. by issuing shares (3 issues) in 90 days; 6 more fund raises on the way.

▲ / ▼ / ● are the signals the verdict counts: results, credit ratings, announcements and share prices. Lines marked – are shown but not counted.

In charts

Share prices over the last year

The typical Electrical Equipment share against the typical share on the market, both starting at 100. Now 89 vs 83.

Is growth speeding up or slowing down?

The typical company's sales and profit growth against the same quarter a year earlier.

Industries in this sector

A sector mixes different businesses; each industry is judged on its own. Open one for its charts and companies.

Industries in this sector

Heavy Electrical Equipment51 companies	Mixed	68% of cos.	+24.6%	−8.5%	30.4
Other Electrical Equipment83 companies	Mixed	67% of cos.	+15.9%	−9.9%	25.2

Cheaper than peers

Not a buy list. These shares trade at a P/E at least 30% below their industry's typical level and below their own usual level, and they also pass basic checks: profitable, sales and profit growing, low debt, no red flags, market value of ₹250 Cr or more. Cheap shares are often cheap for a reason; this is where to start reading, not where to stop.

Cheaper than peers

Websol Energy System WEBELSOLAR	Other Electrical Equipment	8.4 vs 25.267% cheaper	+70.3% / +16.4%	₹ 2,626.69 Cr.
Transrail Lighting TRANSRAILL	Heavy Electrical Equipment	13.8 vs 30.455% cheaper	+4.6% / +1.9%	₹ 5,757.9 Cr.
Modison MODISONLTD	Other Electrical Equipment	11.4 vs 25.255% cheaper	+92.4% / +91.7%	₹ 1,319.12 Cr.
Emmvee Photovoltaic Power EMMVEE	Other Electrical Equipment	11.5 vs 25.254% cheaper	+39.3% / +60.5%	₹ 16,430.2 Cr.
Waaree Energies WAAREEENER	Other Electrical Equipment	16.8 vs 25.233% cheaper	+79.2% / +15.4%	₹ 67,339.18 Cr.

Cheaper than peers across the whole market

Leaders and laggards

Worst shares, 3 months

Companies

Click a column to sort.

Electrical Equipment companies
							Signs (90 days)
Bharat Heavy Electricals BHEL	Heavy Electrical Equipment	₹ 1,34,755.85 Cr.	+23.8%	+118.9%	46.9	−1.3%	Strong results
ABB India ABB	Heavy Electrical Equipment	₹ 1,29,935.72 Cr.	+21.1%	+2.8%	84.4	−10.4%
CG Power and Industrial Solutions CGPOWER	Heavy Electrical Equipment	₹ 1,28,391.3 Cr.	+30.1%	+44%	91.7	+0.7%	Strong results
Hitachi Energy India POWERINDIA	Heavy Electrical Equipment	₹ 1,17,002.45 Cr.	+68.6%	+122.7%	98.4	−10.4%
Siemens SIEMENS	Heavy Electrical Equipment	₹ 1,15,739.16 Cr.	+14.8%	+406.6%	76.9	−8.5%
Siemens Energy India ENRIN	Heavy Electrical Equipment	₹ 94,586.27 Cr.	+39.3%	+67.7%	61.9	−10.3%
GE Vernova T&D India GVT&D	Heavy Electrical Equipment	₹ 94,353.15 Cr.	+38%	+24.7%	359.4	−3%
Waaree Energies WAAREEENER	Other Electrical Equipment	₹ 67,339.18 Cr.	+79.2%	+15.4%	16.8	−16.9%
Apar Industries APARINDS	Other Electrical Equipment	₹ 60,078.43 Cr.	+29.1%	+77.6%	50	+9.4%	Credit rating raised
Suzlon Energy SUZLON	Heavy Electrical Equipment	₹ 51,408.5 Cr.	+22.3%	−5.9%	16.2	−22.2%
Premier Energies PREMIERENE	Other Electrical Equipment	₹ 40,038.53 Cr.	+35.3%	+53.2%	23.3	−16.8%	Expansion or acquisition
Thermax THERMAX	Heavy Electrical Equipment	₹ 36,999.17 Cr.	+6.7%	−85.4%	67	−28.3%
Schneider Electric Infrastructure SCHNEIDER	Heavy Electrical Equipment	₹ 26,641.29 Cr.	+4.7%	−70.7%	137.2	−10.5%
TD Power Systems TDPOWERSYS	Heavy Electrical Equipment	₹ 20,090.98 Cr.	+72%	+72%	74.8	+32.2%	Promoters buying
MTAR Technologies MTARTECH	Other Electrical Equipment	₹ 19,802.86 Cr.	+129.9%	+354.5%	146	+26.7%
Diamond Power Infrastructure DIACABS	Other Electrical Equipment	₹ 19,211.27 Cr.	+132.6%	+280%	96.9	−0.7%
Emmvee Photovoltaic Power EMMVEE	Other Electrical Equipment	₹ 16,430.2 Cr.	+39.3%	+60.5%	11.5	−24.2%	Strong results
Azad Engineering AZAD	Heavy Electrical Equipment	₹ 16,018.15 Cr.	+26.3%	+20.7%	115.2	+7.5%
Triveni Turbine TRITURBINE	Heavy Electrical Equipment	₹ 14,136.94 Cr.	+19.4%	−20.3%	40.7	−26.7%
Atlanta Electricals ATLANTAELE	Heavy Electrical Equipment	₹ 12,454.74 Cr.	+47.9%	+51.6%	57	+5.3%
Avalon Technologies AVALON	Other Electrical Equipment	₹ 12,418.04 Cr.	+49.8%	+150%	92.9	+29.1%
Karamtara Engineering KARAMTARA	Heavy Electrical Equipment	₹ 11,199.43 Cr.	—	—	49.1	—	Big order won
Fujiyama Power Systems UTLSOLAR	Other Electrical Equipment	₹ 11,112.46 Cr.	+125.5%	−14.7%	36.6	+1.4%
Inox Wind INOXWIND	Heavy Electrical Equipment	₹ 10,179.32 Cr.	−1.5%	−34%	29.6	−23.6%
Quality Power Electrical Equipments QPOWER	Heavy Electrical Equipment	₹ 10,102.96 Cr.	+31.6%	+27%	75.8	+21.1%	Expansion or acquisition
Voltamp Transformers VOLTAMP	Heavy Electrical Equipment	₹ 9,722.46 Cr.	+28.3%	+13.8%	30.7	+8.8%	Expansion or acquisition
Elecon Engineering Company ELECON	Heavy Electrical Equipment	₹ 9,450.45 Cr.	+10.6%	+9.1%	30.1	+0.7%
Transformers and Rectifiers (India) TARIL	Heavy Electrical Equipment	₹ 9,141.75 Cr.	+60.7%	+118.9%	30	+5.7%	Strong results
Genus Power Infrastructures GENUSPOWER	Other Electrical Equipment	₹ 7,884.45 Cr.	+44.9%	+43.8%	12.1	−14.5%	Share buyback
Waaree Renewable Technologies WAAREERTL	Other Electrical Equipment	₹ 7,099.31 Cr.	+36.5%	−30.2%	15.2	−26.2%	Big order won
Kanohar Electricals KANOHAR	Heavy Electrical Equipment	₹ 7,040.9 Cr.	—	—	54.1	—	Big order won
Powerica Ltd POWERICA	Heavy Electrical Equipment	₹ 6,222.2 Cr.	+26.6%	+25.5%	22.3	−3.3%	Big order won
Transrail Lighting TRANSRAILL	Heavy Electrical Equipment	₹ 5,757.9 Cr.	+4.6%	+1.9%	13.8	−13.2%	Big order won
Skipper Ltd (India) SKIPPER	Heavy Electrical Equipment	₹ 5,357.87 Cr.	+4.5%	+24.4%	25	−3.4%
Ram Ratna Wires RAMRAT	Other Electrical Equipment	₹ 4,970.07 Cr.	+88.7%	+118.8%	38.4	+18.7%
Vikram Solar VIKRAMSOLR	Other Electrical Equipment	₹ 4,614.4 Cr.	+37.8%	−85%	12.9	−28.3%	Big order won
Saatvik Green Energy SAATVIKGL	Other Electrical Equipment	₹ 4,469.4 Cr.	−44.2%	−95.5%	18	−19.2%
Shilchar Technologies SHILCTECH	Other Electrical Equipment	₹ 4,036.89 Cr.	−15.1%	−48.8%	29.4	−13.9%
Yash Highvoltage 544310	Other Electrical Equipment	₹ 3,469.79 Cr.	+126.7%	+300%	56.5	+35.9%
Indo Tech Transformers INDOTECH	Heavy Electrical Equipment	₹ 2,837.66 Cr.	+39%	+36.8%	28.6	−18.3%
Websol Energy System WEBELSOLAR	Other Electrical Equipment	₹ 2,626.69 Cr.	+70.3%	+16.4%	8.4	−32.4%
Ravindra Energy RELTD	Other Electrical Equipment	₹ 2,588.94 Cr.	−26.2%	−92.8%	43.3	−24.3%	Expansion or acquisition
Bharat Bijlee BBL	Heavy Electrical Equipment	₹ 2,549.09 Cr.	+17.6%	−28.6%	23	−0.1%
Rishabh Instruments RISHABH	Other Electrical Equipment	₹ 2,478.74 Cr.	+4.2%	−5%	30.8	+5.9%
Oriana Power ORIANA	Other Electrical Equipment	₹ 2,438.3 Cr.	+223.5%	+165.3%	9.6	−11%
Marsons MARSONS	Heavy Electrical Equipment	₹ 2,047.99 Cr.	+4.7%	−26.2%	46.2	+14%	Expansion or acquisition
Modern Insulators 515008	Other Electrical Equipment	₹ 2,009.03 Cr.	+33.3%	+100%	21.3	−8.2%
Bajel Projects BAJEL	Heavy Electrical Equipment	₹ 1,774.16 Cr.	−6.7%	+59.8%	65.8	−5.1%	Big order won
Advait Energy Transitions ADVAIT	Other Electrical Equipment	₹ 1,726.69 Cr.	+51.7%	+66.7%	30	−25.8%
Danish Power DANISH	Heavy Electrical Equipment	₹ 1,663.94 Cr.	—	—	24.1	+4.7%
Hindusthan Insulators & Industries Ltd 539984	Other Electrical Equipment	₹ 1,473.25 Cr.	+81.3%	—	36.9	—
Servotech Renewable Power System SERVOTECH	Other Electrical Equipment	₹ 1,424.18 Cr.	+57.8%	+77.1%	38.2	−29.5%
KP Green Engineering 544150	Heavy Electrical Equipment	₹ 1,325.87 Cr.	+191.4%	+220.8%	9.9	−21.4%
Modison MODISONLTD	Other Electrical Equipment	₹ 1,319.12 Cr.	+92.4%	+91.7%	11.4	+44.9%	Strong results
RIR Power Electronics RIR	Other Electrical Equipment	₹ 1,179.66 Cr.	−9.5%	−42.8%	178.3	−9.5%	Strong results
Vivid Electromech VIVIDEL	Other Electrical Equipment	₹ 1,093.2 Cr.	—	—	31.9	+5%	Strong results
Jyoti Structures JYOTISTRUC	Heavy Electrical Equipment	₹ 982.38 Cr.	+60.9%	+72.7%	15.1	−17.6%	Big order won
Anawil Wire and Engineering ANAWIL	Heavy Electrical Equipment	₹ 972.74 Cr.	—	—	26.6	—	Credit rating raised
Swelect Energy Systems SWELECTES	Heavy Electrical Equipment	₹ 903.93 Cr.	−26.2%	−63.8%	20.9	+1%
INDO SMC Ltd 544681	Other Electrical Equipment	₹ 903.46 Cr.	—	—	27	+0.2%
Salzer Electronics SALZERELEC	Other Electrical Equipment	₹ 848.41 Cr.	+12.4%	−51.9%	19.3	−16.5%
Indosolar WAAREEINDO	Heavy Electrical Equipment	₹ 826.41 Cr.	−23.2%	−89.2%	6.6	−39.9%	Very bad news
Permanent Magnets PERMAGN	Other Electrical Equipment	₹ 734.57 Cr.	+18.1%	−38.4%	56.3	—
Prostarm Info Systems PROSTARM	Other Electrical Equipment	₹ 705.77 Cr.	+48.7%	+221.2%	19.7	−5%
Kirloskar Electric Company KECL	Other Electrical Equipment	₹ 688.59 Cr.	−21.5%	Loss	47.3	−23.2%	Credit rating raised
Supreme Power Equipment SUPREMEPWR	Other Electrical Equipment	₹ 686.01 Cr.	+85.5%	+54.6%	27.7	+31%	Big order won
Neueon Corporation Ltd NEUEON	Heavy Electrical Equipment	₹ 664.4 Cr.	−98.7%	Loss	18.4	−30.9%
Mangal Electrical Industries MEIL	Other Electrical Equipment	₹ 660.25 Cr.	+40.3%	+101.6%	14.3	−15.3%	Credit rating cut
Saakshi Medtech and Panels SAAKSHI	Other Electrical Equipment	₹ 640.21 Cr.	−6.6%	0%	58	+20.5%
Parth Electricals & Engineering PARTH	Other Electrical Equipment	₹ 630.09 Cr.	—	—	45.4	−3.9%	Big order won
GEE 504028	Other Electrical Equipment	₹ 604.74 Cr.	+29.9%	+599%	33.4	+4.9%
Solex Energy SOLEX	Other Electrical Equipment	₹ 574.74 Cr.	+4.1%	−68.2%	7.2	−41%	Big order won
Delton Cables 504240	Other Electrical Equipment	₹ 565.63 Cr.	+83.2%	+146.4%	29.6	+57.6%
Sugs Lloyd 544501	Other Electrical Equipment	₹ 553.77 Cr.	+32%	+29.5%	18.6	+75.6%
Ganesh Green Bharat GGBL	Other Electrical Equipment	₹ 523.3 Cr.	+714.6%	+250%	6.9	−21.4%
Raksan Transformers 544924	Heavy Electrical Equipment	₹ 501.32 Cr.	—	—	14.9	—
SPEL Semiconductor SPELS	Other Electrical Equipment	₹ 495.07 Cr.	−95.9%	Loss	168.6	—
GP Eco Solutions India GPECO	Other Electrical Equipment	₹ 447.59 Cr.	+565.9%	+3,200%	11.1	−10%
Urja Global URJA	Other Electrical Equipment	₹ 402.38 Cr.	−26.6%	−55.7%	311.6	−9.8%
Avana Electrosystems AVANA	Heavy Electrical Equipment	₹ 364.14 Cr.	—	—	31.1	−19.2%	Expansion or acquisition
G G Engineering 540614	Heavy Electrical Equipment	₹ 358.87 Cr.	−67.5%	+138.7%	12.2	—
Artemis Electricals and Projects AEPL	Other Electrical Equipment	₹ 355.47 Cr.	−17.6%	−4.4%	41	+4.4%
Akanksha Power and Infrastructure AKANKSHA	Other Electrical Equipment	₹ 305.11 Cr.	+120.7%	+193.9%	51.7	+115.5%
Kaycee Industries 504084	Other Electrical Equipment	₹ 229.56 Cr.	+7.8%	−17.1%	55.1	−15.6%
RMC Switchgears RMC	Other Electrical Equipment	₹ 214.96 Cr.	−77.5%	−78.9%	9.5	−26.4%
Citizen Solar Ltd 538786	Other Electrical Equipment	₹ 209.38 Cr.	−29.4%	−62%	10.7	−47.9%
United Van Der Horst 522091	Heavy Electrical Equipment	₹ 203.14 Cr.	+0.7%	−45.1%	38.6	−13.1%
Power and Instrumentation (Gujarat) PIGL	Other Electrical Equipment	₹ 187.95 Cr.	−1.5%	+3.1%	12.8	−13%
Accord Transformer & Switchgear Ltd 544710	Heavy Electrical Equipment	₹ 173.33 Cr.	—	—	38.6	+44.6%
Sahaj Solar SAHAJSOLAR	Other Electrical Equipment	₹ 170.28 Cr.	+120%	+108.3%	5.7	−33.3%	Expansion or acquisition
Aplab 517096	Other Electrical Equipment	₹ 163.13 Cr.	−37.8%	Loss	23.2	−23.1%
Eppeltone Engineers EEPL	Other Electrical Equipment	₹ 161.86 Cr.	—	—	13.1	+26.3%
VijayPD Ceutical VIJAYPD	Heavy Electrical Equipment	₹ 161.01 Cr.	—	—	32.3	+17.8%
Dhanashree Electronics 542679	Other Electrical Equipment	₹ 144.81 Cr.	−11.3%	−23.8%	42.1	−8.3%
Amba Enterprises 539196	Other Electrical Equipment	₹ 137.2 Cr.	+12.6%	+38.7%	15.6	−1.3%
Aartech Solonics AARTECH	Heavy Electrical Equipment	₹ 133.86 Cr.	+68%	+146%	24.9	+3.9%
Shivalic Power Control SPCL	Other Electrical Equipment	₹ 125.4 Cr.	—	—	9.8	−32.9%
STAR DELTA TRANSFORMERS 539255	Heavy Electrical Equipment	₹ 123.73 Cr.	+24%	−38.3%	10.5	−19.8%
Surana Solar SURANASOL	Heavy Electrical Equipment	₹ 111.05 Cr.	+720.6%	+1,842.9%	48.6	−16.6%	Strong results
Jyoti 504076	Heavy Electrical Equipment	₹ 109.29 Cr.	+8.4%	−13.1%	8.8	+17.8%
G V Electricals Ltd 544859	Other Electrical Equipment	₹ 103.88 Cr.	—	—	9.9	—
JSL Industries 504080	Other Electrical Equipment	₹ 95.56 Cr.	+19.1%	+7.5%	28.5	−6.1%
Smarten Power Systems SMARTEN	Other Electrical Equipment	₹ 95 Cr.	—	—	11	−5.1%
RTS Power Corporation RTSPOWR	Other Electrical Equipment	₹ 85.12 Cr.	−13%	+29.4%	33.1	—
Jigar Cables Limited 540651	Other Electrical Equipment	₹ 58.57 Cr.	+21%	+77.9%	32.5	0%
Vdeal System VDEAL	Other Electrical Equipment	₹ 54.28 Cr.	+54.1%	+39.1%	13.1	−23.8%
Trom Industries TROM	Heavy Electrical Equipment	₹ 50.53 Cr.	+167.7%	−25%	7.3	−8.4%
Integra Switchgear 517423	Other Electrical Equipment	₹ 50.52 Cr.	+100%	Loss	2,164.8	—
Gujarat Poly Electronics 517288	Other Electrical Equipment	₹ 49.65 Cr.	+18.4%	−75.3%	1.9	−14.1%
ATC Energies System ATCENERGY	Other Electrical Equipment	₹ 42.92 Cr.	−28.9%	Loss	9.6	+1.4%
Gensol Engineering GENSOL	Other Electrical Equipment	₹ 39.62 Cr.	+56.8%	+50%	0.4	−39%
Electro Force (India) EFORCE	Other Electrical Equipment	₹ 39.31 Cr.	−27.6%	Loss	62.4	−24.5%
Cybele Industries 531472	Other Electrical Equipment	₹ 38.53 Cr.	+97%	Loss	1.4	−23.6%
Relicab Cable Manufacturing 539760	Other Electrical Equipment	₹ 34.55 Cr.	+59.9%	−22.2%	19.5	−3.8%
Switching Technologies Gunther 517201	Other Electrical Equipment	₹ 32.3 Cr.	−53.7%	Loss	22.9	+10%
Incap 517370	Other Electrical Equipment	₹ 31.01 Cr.	−45.6%	−63.3%	106.9	−22.3%
Alfa Transformers 517546	Other Electrical Equipment	₹ 28.73 Cr.	+14%	Loss	17.3	−12%
Galada Power & Telecommunication Ltd 504697	Other Electrical Equipment	₹ 28.39 Cr.	—	Loss	1.7	+136.2%
Tarapur Transformers TARAPUR	Heavy Electrical Equipment	₹ 25.16 Cr.	—	Loss	4.2	−21.4%
Premier Capital Services 511016	Other Electrical Equipment	₹ 25.05 Cr.	+25%	—	37.4	+21%
Equilateral Enterprises 531262	Other Electrical Equipment	₹ 10.42 Cr.	−37.4%	−68.7%	80.2	−49.2%
Continental Controls 531460	Other Electrical Equipment	₹ 7.8 Cr.	—	+5,100%	86.3	+36.3%
SGN Telecoms Ltd 531812	Other Electrical Equipment	₹ 4.77 Cr.	—	Loss	21.6	+14%
Perfect Infraengineers PERFECT	Other Electrical Equipment	₹ 3.04 Cr.	—	—	30.5	−32.7%
ALPEX SOLAR LIMITED ALPEXSOLAR	Other Electrical Equipment	—	+32.4%	−4.8%	8.6	−16.4%	Credit rating raised
Australian Premium Solar (India) APS	Heavy Electrical Equipment	—	+417.3%	+833.3%	7.2	−25.1%	Expansion or acquisition
Exicom Tele-Systems EXICOM	Heavy Electrical Equipment	—	+61.5%	Loss	85.3	−17.2%
GE Power India Ltd GVPIL	Heavy Electrical Equipment	—	+7.7%	+54.3%	10.8	−20.4%
Lakshmi Electrical Control Systems 504258	Other Electrical Equipment	—	—	—	—	+3.6%
Magnus Steel and Infra 517320	Other Electrical Equipment	—	—	—	—	−51.4%
S&S Power Switchgear Ltd S&SPOWER	Other Electrical Equipment	—	+20%	Loss	41.4	−13%
Sungarner Energies SEL	Other Electrical Equipment	—	+380.4%	+238.6%	17	+4.1%
Oriana Power ORIANA	Other Electrical Equipment	—	—	—	—	—
TD Power Systems TDPOWERSYS	Heavy Electrical Equipment	—	—	—	—	—

Figures are medians and shares of companies, so one giant company cannot outweigh the rest. Results compare each company's latest quarter with the same quarter a year earlier; ratings and announcements cover the last 90 days (announcements are read by AI and can be wrong). This page adds up published data; it is not a recommendation to buy or sell anything.