Electrical Equipment stocks in India
Every listed electrical equipment company on NSE and BSE in our database, largest first, with its valuation, profitability, latest quarterly growth, one-year return and next results date.
148 companies
Combined market cap ₹1,534,803 Cr
Data as of 23 Oct 2026 close
There are 148 listed companies in the Electrical Equipment industry on NSE and BSE in our database, 89 of them with full financials.
The largest by market capitalisation are Bharat Heavy Electricals Limited (₹134,930 Cr), ABB India Limited (₹130,112 Cr), CG Power and Industrial Solutions Limited (₹128,141 Cr).
Among the 71 companies worth more than ₹500 Cr, the median P/E of the profitable ones is 27.9 and the median return on equity is 17.4%.
Fastest sales growth in the latest quarter (year on year, above ₹500 Cr): Viviana Power +128%, Fujiyama Power +125%, Kanohar Electricals +105%.
Next to report results: Shivalic Power on 24 Oct, Permanent Magnets on 24 Oct, RIR Power on 26 Oct.
Electrical Equipment companies by market cap
| # | Company | Market cap | P/E | ROE | Qtr sales YoY | Qtr profit YoY | Return 1Y | Next results |
|---|---|---|---|---|---|---|---|---|
| 1 | Bharat Heavy Electricals LimitedBHEL | ₹134,930 Cr | 46.89 | 11.0% | +23.8% | +118.9% | +64.1% | — |
| 2 | ABB India LimitedABB | ₹130,112 Cr | 43.43 | 38.2% | +12.1% | +5.1% | +17.8% | 13 Nov |
| 3 | CG Power and Industrial Solutions LimitedCGPOWER | ₹128,141 Cr | 93.93 | 17.1% | +30.1% | +43.8% | +6.9% | — |
| 4 | Hitachi Energy India LimitedPOWERINDIA | ₹117,225 Cr | 102.01 | 22.2% | +68.6% | +122.8% | +48.6% | — |
| 5 | Siemens LimitedSIEMENS | ₹115,568 Cr | 38.43 | 21.7% | +8.4% | +406.2% | +4.1% | — |
| 6 | Indus Towers LimitedINDUSTOWER | ₹100,214 Cr | 14.01 | 18.0% | +4.6% | +0.5% | +10.5% | 27 Oct |
| 7 | GE Vernova T&D India LimitedGVT&D | ₹94,737 Cr | 72.60 | 48.5% | +38.1% | +24.7% | +26.8% | 30 Oct |
| 8 | Siemens Energy India LimitedENRIN | ₹94,489 Cr | — | — | — | — | -15.5% | — |
| 9 | Waaree Energies LimitedWAAREEENER | ₹67,739 Cr | 16.92 | 27.7% | +79.2% | +15.4% | -35.0% | 27 Oct |
| 10 | Havells India LimitedHAVELLS | ₹64,702 Cr | 38.90 | 17.0% | +34.6% | +9.7% | -30.1% | — |
| 11 | Apar Industries LimitedAPARINDS | ₹60,208 Cr | 50.98 | 21.9% | +29.1% | +77.8% | +63.7% | 29 Oct |
| 12 | Suzlon Energy LimitedSUZLON | ₹51,409 Cr | 16.35 | 33.2% | +22.8% | -5.8% | -30.2% | 29 Oct |
| 13 | Premier Energies LimitedPREMIERENE | ₹38,522 Cr | 23.01 | 38.9% | +35.3% | +53.3% | -20.1% | — |
| 14 | Thermax LimitedTHERMAX | ₹34,876 Cr | 59.09 | 10.6% | +7.1% | -85.6% | -2.2% | 05 Nov |
| 15 | Schneider Electric Infrastructure LimitedSCHNEIDER | ₹26,639 Cr | 145.22 | 23.7% | +4.7% | -69.7% | +34.7% | — |
| 16 | Kalpataru Projects International LimitedKPIL | ₹22,057 Cr | 19.59 | 14.5% | +3.8% | +45.6% | +1.0% | — |
| 17 | TD Power Systems LimitedTDPOWERSYS | ₹19,983 Cr | 72.77 | 25.6% | +72.1% | +72.6% | +100.7% | — |
| 18 | Emmvee Photovoltaic Power LimitedEMMVEE | ₹16,336 Cr | 11.52 | 32.3% | +39.4% | +60.6% | — | — |
| 19 | Triveni Turbine LimitedTRITURBINE | ₹14,148 Cr | 42.09 | 23.2% | +19.3% | -20.2% | -14.8% | — |
| 20 | Crompton Greaves Consumer Electricals LimitedCROMPTON | ₹12,568 Cr | — | -5.4% | +18.2% | +64.9% | -32.4% | — |
| 21 | Atlanta Electricals LimitedATLANTAELE | ₹12,453 Cr | 55.80 | — | +48.0% | +51.1% | +55.3% | — |
| 22 | V-Guard Industries LimitedVGUARD | ₹11,765 Cr | 32.27 | 15.4% | +23.5% | +76.4% | -25.2% | 29 Oct |
| 23 | Fujiyama Power Systems LimitedUTLSOLAR | ₹11,111 Cr | — | — | +125.4% | -15.0% | — | — |
| 24 | Karamtara Engineering LimitedKARAMTARA | ₹10,207 Cr | — | — | +72.2% | +45.6% | — | — |
| 25 | Inox Wind LimitedINOXWIND | ₹10,185 Cr | 24.36 | 6.6% | -22.7% | -33.9% | -59.9% | — |
| 26 | Quality Power Electrical Equipments LimitedQPOWER | ₹10,110 Cr | 51.79 | — | +31.7% | +26.1% | +36.5% | — |
| 27 | Voltamp Transformers LimitedVOLTAMP | ₹9,728 Cr | 30.66 | 17.7% | +28.3% | +14.0% | +33.6% | 29 Oct |
| 28 | Transformers And Rectifiers (India) LimitedTARIL | ₹9,122 Cr | 29.14 | 18.9% | +60.7% | +119.9% | -37.3% | — |
| 29 | KEC International LimitedKEC | ₹8,725 Cr | 14.40 | 9.8% | -7.0% | -28.0% | -61.6% | — |
| 30 | Waaree Renewable Technologies LimitedWAAREERTL | ₹7,080 Cr | 14.86 | 42.6% | +36.5% | -29.8% | -48.2% | — |
| 31 | Kanohar Electricals LimitedKANOHAR | ₹7,032 Cr | — | — | +104.6% | +148.5% | — | — |
| 32 | Spectrum Electrical Industries LimitedSPECTRUM | ₹6,288 Cr | 109.82 | 23.4% | +76.5% | +131.9% | +181.4% | — |
| 33 | Marine Electricals (India) LimitedMARINE | ₹5,520 Cr | 84.26 | 13.3% | +55.2% | +45.9% | +81.9% | — |
| 34 | Vikram Solar LimitedVIKRAMSOLR | ₹4,637 Cr | 13.00 | — | +37.9% | -85.0% | -62.6% | — |
| 35 | Saatvik Green Energy LimitedSAATVIKGL | ₹4,475 Cr | 15.79 | — | -44.2% | -95.5% | -32.9% | — |
| 36 | Shilchar Technologies LimitedSHILCTECH | ₹4,041 Cr | — | — | — | — | — | 28 Oct |
| 37 | GE Power India LimitedGVPIL | ₹3,965 Cr | 14.60 | — | +7.6% | +54.8% | +86.1% | — |
| 38 | Laser Power & Infra LimitedLASERPOWER | ₹2,895 Cr | — | — | +14.9% | -57.7% | — | — |
| 39 | Indo Tech Transformers LimitedINDOTECH | ₹2,812 Cr | 28.30 | 26.6% | +39.0% | +34.1% | +54.2% | — |
| 40 | Websol Energy System LimitedWEBELSOLAR | ₹2,625 Cr | 8.39 | 49.7% | — | — | -51.4% | 04 Nov |
| 41 | Ravindra Energy LimitedRELTD | ₹2,583 Cr | 31.64 | 19.3% | -16.4% | +0.0% | -10.4% | — |
| 42 | Bharat Bijlee LimitedBBL | ₹2,563 Cr | 22.96 | 5.5% | +17.7% | -29.9% | -27.8% | 27 Oct |
| 43 | Rishabh Instruments LimitedRISHABH | ₹2,482 Cr | 30.09 | 11.1% | +4.4% | -3.2% | +66.3% | — |
| 44 | Ujaas Energy LimitedUEL | ₹2,278 Cr | 580.73 | 4.4% | +14.5% | +30.8% | +124.5% | 30 Oct |
| 45 | Eveready Industries India LimitedEVEREADY | ₹2,207 Cr | 12.85 | 27.6% | +9.3% | +1262.8% | -19.3% | 31 Oct |
| 46 | MV Electrosystems LimitedMVELECTRO | ₹2,150 Cr | — | — | -5.0% | -20.2% | — | — |
| 47 | Marsons LimitedMARSONS | ₹2,038 Cr | 46.08 | — | +4.7% | -26.2% | — | — |
| 48 | Honda India Power Products LimitedHONDAPOWER | ₹1,821 Cr | 27.56 | 8.2% | +22.1% | +23.3% | -31.9% | — |
| 49 | Alpex Solar LimitedALPEXSOLAR | ₹1,821 Cr | 9.11 | 35.6% | +32.5% | -5.1% | — | — |
| 50 | Exicom Tele-Systems LimitedEXICOM | ₹1,751 Cr | — | -40.7% | +61.5% | +11.4% | -11.6% | — |
| 51 | HPL Electric & Power LimitedHPL | ₹1,463 Cr | 15.90 | 9.2% | +34.5% | +1.2% | -49.7% | — |
| 52 | Servotech Renewable Power System LimitedSERVOTECH | ₹1,430 Cr | 40.65 | 12.2% | +57.8% | +77.0% | -48.9% | 03 Nov |
| 53 | Insolation Energy LimitedINA | ₹1,410 Cr | 7.20 | — | +104.6% | -11.6% | — | — |
| 54 | MODISON LIMITEDMODISONLTD | ₹1,307 Cr | 11.55 | 41.3% | +92.2% | +99.8% | +153.1% | — |
| 55 | IKIO Technologies LimitedIKIO | ₹1,293 Cr | 25.44 | 8.4% | +41.1% | +452.3% | -19.2% | — |
| 56 | RIR Power Electronics LimitedRIR | ₹1,158 Cr | 142.70 | — | +29.3% | +80.4% | — | 26 Oct |
| 57 | Igarashi Motors India LimitedIGARASHI | ₹1,114 Cr | 67.96 | 3.5% | +22.5% | +169.6% | -31.7% | — |
| 58 | Ice Make Refrigeration LimitedICEMAKE | ₹987 Cr | 82.24 | 9.0% | +41.9% | -14.3% | -11.1% | — |
| 59 | Jyoti Structures LimitedJYOTISTRUC | ₹974 Cr | 15.22 | 13.5% | +60.7% | +70.3% | -44.2% | — |
| 60 | Wonder Electricals LimitedWEL | ₹928 Cr | 77.05 | 11.6% | +51.0% | +264.7% | -54.7% | — |
P/E "n/m" means the company made a loss over the last four quarters. Quarterly growth compares the latest quarter with the same quarter a year earlier. "—" means the figure is not available.
More electrical equipment companies
Swelect Energy Systems LimitedSalzer Electronics LimitedIndosolar LimitedProstarm Info Systems LimitedKirloskar Electric Company LimitedViviana Power Tech LimitedMangal Electrical Industries LimitedSupreme Power Equipment LimitedSaakshi Medtech and Panels LimitedSuyog Telematics LimitedSolex Energy LimitedGP Eco Solutions India LimitedAustralian Premium Solar (India) LimitedSar Televenture LimitedArtemis Electricals and Projects LimitedFocus Lighting and Fixtures LimitedS&S Power Switchgears LimitedVeto Switchgears And Cables LimitedIndo-National LimitedRMC Switchgears LimitedPower & Instrumentation (Gujarat) LimitedSahaj Solar LimitedShivalic Power Control LimitedAartech Solonics LimitedSurana Solar LimitedElectro Force (India) LimitedKore Digital LimitedAgni Green Power LimitedTarapur Transformers LimitedATC Energies System LimitedAccord Transformer & Switchgear LtdAkanksha Power and Infrastructure LimitedAlfa Transformers LtdAmba Enterprises LtdAnawil Wire and Engineering LimitedAplab LtdArtemis Electricals and Projects LtdAvana Electrosystems LimitedContinental Controls LtdCybele Industries LtdDanish Power LimitedDelton Cables LtdDhanashree Electronics LtdEppeltone Engineers LimitedEquilateral Enterprises LtdGEE LtdGalada Power & Telecommunication LtdGujarat Poly Electronics LtdHEG Advanced Materials LimitedHimalayan Solar LimitedHindusthan Insulators & Industries LtdINDO SMC LtdIncap LtdIntegra Switchgear LtdJSL Industries LtdJigar Cables LtdJyoti LtdKP Green Engineering LtdKaycee Industries LtdKundan Edifice LimitedLakshmi Electrical Control Systems LtdLumino Industries LimitedMagnus Steel and Infra LtdMaks Energy Solutions India LimitedMarsons LtdModern Insulators LtdNeueon Corporation LimitedOrient Cables (India) LimitedParth Electricals & Engineering LimitedPerfect Infraengineers LimitedPermanent Magnets LtdPremier Capital Services LtdRIR Power Electronics LtdRMC Switchgears LtdRTS Power Corporation LtdRelicab Cable Manufacturing LtdSPEL Semiconductor LtdSmarten Power Systems LimitedStar Delta Transformers LtdSugs Lloyd LtdSungarner Energies LimitedSwitching Technologies Gunther LtdTrom Industries LimitedUnited Van Der Horst LtdVdeal System LimitedVijaypd Ceutical LimitedVivid Electromech LimitedYash Highvoltage Ltd
Upcoming electrical equipment results
Shivalic Power · 24 OctPermanent Magnets · 24 OctRIR Power · 26 OctSurana Solar · 26 OctIndus Towers · 27 OctWaaree Energies · 27 OctBharat Bijlee · 27 OctAlfa Transformers · 27 OctGujarat Poly · 27 OctIntegra Switchgear · 27 OctShilchar Technologies · 28 OctCybele Industries · 28 Oct
Full results calendar →
Frequently asked questions
Which are the largest electrical equipment stocks in India?
By market capitalisation: Bharat Heavy Electricals Limited (₹134,930 Cr), ABB India Limited (₹130,112 Cr), CG Power and Industrial Solutions Limited (₹128,141 Cr), Hitachi Energy India Limited (₹117,225 Cr), Siemens Limited (₹115,568 Cr).
How many electrical equipment companies are listed in India?
148 companies listed on NSE and BSE are classified in the Electrical Equipment industry on this page, which merges the exchanges' and data vendors' labels for the same business.
What is the average P/E of electrical equipment stocks?
The median P/E of profitable electrical equipment companies worth more than ₹500 Cr is 27.9, based on trailing-twelve-month profit and the latest close.
When do electrical equipment companies announce their results?
Upcoming board meetings for results: Shivalic Power Control Limited on 24 Oct 2026; Permanent Magnets Ltd on 24 Oct 2026; RIR Power Electronics Limited on 26 Oct 2026; Surana Solar Limited on 26 Oct 2026; Indus Towers Limited on 27 Oct 2026.
