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 ₹1,577,611 Cr
Data as of 22 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 (₹138,900 Cr), ABB India Limited (₹136,988 Cr), CG Power and Industrial Solutions Limited (₹128,732 Cr).
Among the 71 companies worth more than ₹500 Cr, the median P/E of the profitable ones is 27.7 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: CG Power on 23 Oct, Vivid Electromech on 23 Oct, Shivalic Power on 24 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 | ₹138,900 Cr | 48.27 | 11.0% | +23.8% | +118.9% | +69.2% | — |
| 2 | ABB India LimitedABB | ₹136,988 Cr | 45.72 | 38.2% | +12.1% | +5.1% | +25.0% | 13 Nov |
| 3 | CG Power and Industrial Solutions LimitedCGPOWER | ₹128,732 Cr | 103.85 | 15.6% | +14.0% | +15.5% | +7.9% | 23 Oct |
| 4 | Hitachi Energy India LimitedPOWERINDIA | ₹120,501 Cr | 104.86 | 22.2% | +68.6% | +122.8% | +54.6% | — |
| 5 | Siemens LimitedSIEMENS | ₹120,411 Cr | 40.04 | 21.7% | +8.4% | +406.2% | +8.4% | — |
| 6 | Indus Towers LimitedINDUSTOWER | ₹100,702 Cr | 14.08 | 18.0% | +4.6% | +0.5% | +10.8% | 27 Oct |
| 7 | Siemens Energy India LimitedENRIN | ₹98,432 Cr | — | — | — | — | -13.4% | — |
| 8 | GE Vernova T&D India LimitedGVT&D | ₹95,761 Cr | 73.38 | 48.5% | +38.1% | +24.7% | +27.8% | 30 Oct |
| 9 | Waaree Energies LimitedWAAREEENER | ₹68,173 Cr | 17.03 | 27.7% | +79.2% | +15.4% | -32.6% | 27 Oct |
| 10 | Havells India LimitedHAVELLS | ₹67,337 Cr | 40.48 | 17.0% | +34.6% | +9.7% | -26.7% | — |
| 11 | Apar Industries LimitedAPARINDS | ₹61,607 Cr | 52.16 | 21.9% | +29.1% | +77.8% | +76.1% | 29 Oct |
| 12 | Suzlon Energy LimitedSUZLON | ₹53,017 Cr | 16.87 | 33.2% | +22.8% | -5.8% | -28.2% | 29 Oct |
| 13 | Premier Energies LimitedPREMIERENE | ₹38,996 Cr | 23.30 | 38.9% | +35.3% | +53.3% | -18.5% | — |
| 14 | Thermax LimitedTHERMAX | ₹35,612 Cr | 60.34 | 10.6% | +7.1% | -85.6% | +1.6% | 05 Nov |
| 15 | Schneider Electric Infrastructure LimitedSCHNEIDER | ₹27,514 Cr | 149.99 | 23.7% | +4.7% | -69.7% | +38.7% | — |
| 16 | Kalpataru Projects International LimitedKPIL | ₹22,248 Cr | 19.76 | 14.5% | +3.8% | +45.6% | +4.0% | — |
| 17 | TD Power Systems LimitedTDPOWERSYS | ₹21,041 Cr | 76.62 | 25.6% | +72.1% | +72.6% | +112.2% | — |
| 18 | Emmvee Photovoltaic Power LimitedEMMVEE | ₹17,243 Cr | 12.16 | 32.3% | +39.4% | +60.6% | — | — |
| 19 | Triveni Turbine LimitedTRITURBINE | ₹14,402 Cr | 42.85 | 23.2% | +19.3% | -20.2% | -13.5% | — |
| 20 | Atlanta Electricals LimitedATLANTAELE | ₹12,985 Cr | 58.18 | — | +48.0% | +51.1% | +63.9% | — |
| 21 | Crompton Greaves Consumer Electricals LimitedCROMPTON | ₹12,969 Cr | — | -5.4% | +18.2% | +64.9% | -30.2% | — |
| 22 | V-Guard Industries LimitedVGUARD | ₹11,907 Cr | 32.66 | 15.4% | +23.5% | +76.4% | -23.1% | 29 Oct |
| 23 | Fujiyama Power Systems LimitedUTLSOLAR | ₹11,325 Cr | — | — | +125.4% | -15.0% | — | — |
| 24 | Quality Power Electrical Equipments LimitedQPOWER | ₹10,773 Cr | 55.19 | — | +31.7% | +26.1% | +42.0% | — |
| 25 | Inox Wind LimitedINOXWIND | ₹10,734 Cr | 25.67 | 6.6% | -22.7% | -33.9% | -58.1% | — |
| 26 | Karamtara Engineering LimitedKARAMTARA | ₹10,595 Cr | — | — | +72.2% | +45.6% | — | — |
| 27 | Voltamp Transformers LimitedVOLTAMP | ₹10,063 Cr | 31.72 | 17.7% | +28.3% | +14.0% | +40.2% | 29 Oct |
| 28 | Transformers And Rectifiers (India) LimitedTARIL | ₹9,440 Cr | 30.15 | 18.9% | +60.7% | +119.9% | -35.4% | — |
| 29 | KEC International LimitedKEC | ₹8,837 Cr | 14.58 | 9.8% | -7.0% | -28.0% | -61.1% | — |
| 30 | Kanohar Electricals LimitedKANOHAR | ₹7,841 Cr | — | — | +104.6% | +148.5% | — | — |
| 31 | Waaree Renewable Technologies LimitedWAAREERTL | ₹7,504 Cr | 15.75 | 42.6% | +36.5% | -29.8% | -39.1% | — |
| 32 | Spectrum Electrical Industries LimitedSPECTRUM | ₹6,292 Cr | 109.89 | 23.4% | +76.5% | +131.9% | +182.4% | — |
| 33 | Marine Electricals (India) LimitedMARINE | ₹5,813 Cr | 88.74 | 13.3% | +55.2% | +45.9% | +88.3% | — |
| 34 | Vikram Solar LimitedVIKRAMSOLR | ₹4,766 Cr | 13.36 | — | +37.9% | -85.0% | -62.2% | — |
| 35 | Saatvik Green Energy LimitedSAATVIKGL | ₹4,622 Cr | 16.31 | — | -44.2% | -95.5% | -31.7% | — |
| 36 | Shilchar Technologies LimitedSHILCTECH | ₹4,114 Cr | — | — | — | — | — | 28 Oct |
| 37 | GE Power India LimitedGVPIL | ₹4,093 Cr | 15.07 | — | +7.6% | +54.8% | +92.5% | — |
| 38 | Laser Power & Infra LimitedLASERPOWER | ₹3,049 Cr | — | — | +14.9% | -57.7% | — | — |
| 39 | Indo Tech Transformers LimitedINDOTECH | ₹2,844 Cr | 28.62 | 26.6% | +39.0% | +34.1% | +52.5% | — |
| 40 | Ravindra Energy LimitedRELTD | ₹2,670 Cr | 32.70 | 19.3% | -16.4% | +0.0% | -5.3% | — |
| 41 | Bharat Bijlee LimitedBBL | ₹2,666 Cr | 23.89 | 5.5% | +17.7% | -29.9% | -27.7% | 27 Oct |
| 42 | Websol Energy System LimitedWEBELSOLAR | ₹2,656 Cr | 8.48 | 49.7% | — | — | -52.1% | 04 Nov |
| 43 | Rishabh Instruments LimitedRISHABH | ₹2,608 Cr | 31.61 | 11.1% | +4.4% | -3.2% | +83.2% | — |
| 44 | Ujaas Energy LimitedUEL | ₹2,353 Cr | 599.78 | 4.4% | +14.5% | +30.8% | +128.1% | — |
| 45 | Eveready Industries India LimitedEVEREADY | ₹2,286 Cr | 13.31 | 27.6% | +9.3% | +1262.8% | -17.6% | — |
| 46 | MV Electrosystems LimitedMVELECTRO | ₹2,229 Cr | — | — | -5.0% | -20.2% | — | — |
| 47 | Marsons LimitedMARSONS | ₹2,134 Cr | 48.25 | — | +4.7% | -26.2% | — | — |
| 48 | Alpex Solar LimitedALPEXSOLAR | ₹1,899 Cr | 9.50 | 35.6% | +32.5% | -5.1% | — | — |
| 49 | Exicom Tele-Systems LimitedEXICOM | ₹1,863 Cr | — | -40.7% | +61.5% | +11.4% | -5.6% | — |
| 50 | Honda India Power Products LimitedHONDAPOWER | ₹1,775 Cr | 26.85 | 8.2% | +22.1% | +23.3% | -34.3% | — |
| 51 | HPL Electric & Power LimitedHPL | ₹1,532 Cr | 16.65 | 9.2% | +34.5% | +1.2% | -45.0% | — |
| 52 | Servotech Renewable Power System LimitedSERVOTECH | ₹1,470 Cr | 41.81 | 12.2% | +57.8% | +77.0% | -47.5% | 03 Nov |
| 53 | Insolation Energy LimitedINA | ₹1,469 Cr | 7.50 | — | +104.6% | -11.6% | — | — |
| 54 | MODISON LIMITEDMODISONLTD | ₹1,389 Cr | 12.27 | 41.3% | +92.2% | +99.8% | +166.0% | — |
| 55 | IKIO Technologies LimitedIKIO | ₹1,306 Cr | 25.70 | 8.4% | +41.1% | +452.3% | -18.3% | — |
| 56 | RIR Power Electronics LimitedRIR | ₹1,220 Cr | 150.22 | — | +29.3% | +80.4% | — | 26 Oct |
| 57 | Igarashi Motors India LimitedIGARASHI | ₹1,152 Cr | 70.27 | 3.5% | +22.5% | +169.6% | -30.1% | — |
| 58 | Ice Make Refrigeration LimitedICEMAKE | ₹998 Cr | 83.16 | 9.0% | +41.9% | -14.3% | -13.2% | — |
| 59 | Jyoti Structures LimitedJYOTISTRUC | ₹964 Cr | 15.07 | 13.5% | +60.7% | +70.3% | -44.7% | — |
| 60 | Wonder Electricals LimitedWEL | ₹934 Cr | 77.56 | 11.6% | +51.0% | +264.7% | -51.6% | — |
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 LimitedKirloskar Electric Company LimitedProstarm Info Systems LimitedMangal Electrical Industries LimitedViviana Power Tech LimitedSaakshi Medtech and Panels LimitedSuyog Telematics LimitedSolex Energy LimitedSupreme Power Equipment 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 LimitedAartech Solonics LimitedShivalic Power Control 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
CG Power · 23 OctVivid Electromech · 23 OctShivalic 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 Oct
Full results calendar →
Frequently asked questions
Which are the largest electrical equipment stocks in India?
By market capitalisation: Bharat Heavy Electricals Limited (₹138,900 Cr), ABB India Limited (₹136,988 Cr), CG Power and Industrial Solutions Limited (₹128,732 Cr), Hitachi Energy India Limited (₹120,501 Cr), Siemens Limited (₹120,411 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 27.7, based on trailing-twelve-month profit and the latest close.
When do electrical equipment companies announce their results?
Upcoming board meetings for results: CG Power and Industrial Solutions Limited on 23 Oct 2026; Vivid Electromech Limited on 23 Oct 2026; Shivalic Power Control Limited on 24 Oct 2026; Permanent Magnets Ltd on 24 Oct 2026; RIR Power Electronics Limited on 26 Oct 2026.
