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.
145 companies
Combined market cap ₹1,691,792 Cr
Data as of 1 Oct 2026 close
There are 145 listed companies in the Electrical Equipment industry on NSE and BSE in our database, 88 of them with full financials.
The largest by market capitalisation are Bharat Heavy Electricals Limited (₹146,595 Cr), ABB India Limited (₹146,217 Cr), Hitachi Energy India Limited (₹139,467 Cr).
Among the 69 companies worth more than ₹500 Cr, the median P/E of the profitable ones is 32.3 and the median return on equity is 15.6%.
Fastest sales growth in the latest quarter (year on year, above ₹500 Cr): IKIO Technologies +338%, Rishabh Instruments +221%, Viviana Power +128%.
Next to report results: Kanohar Electricals on 06 Oct, Karamtara Engineering on 06 Oct, Bharat Heavy on 14 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 | ₹146,595 Cr | 60.28 | 9.3% | +40.3% | +182.6% | +79.4% | 14 Oct |
| 2 | ABB India LimitedABB | ₹146,217 Cr | 48.80 | 38.2% | +12.1% | +5.1% | +32.7% | 13 Nov |
| 3 | Hitachi Energy India LimitedPOWERINDIA | ₹139,467 Cr | 121.37 | 22.2% | +68.6% | +122.8% | +62.9% | — |
| 4 | CG Power and Industrial Solutions LimitedCGPOWER | ₹138,482 Cr | 111.71 | 15.6% | +14.0% | +15.5% | +15.8% | — |
| 5 | Siemens LimitedSIEMENS | ₹135,468 Cr | 45.05 | 21.7% | +8.4% | +406.2% | +20.5% | — |
| 6 | Siemens Energy India LimitedENRIN | ₹118,731 Cr | — | — | — | — | -4.9% | — |
| 7 | GE Vernova T&D India LimitedGVT&D | ₹108,902 Cr | 83.45 | 48.5% | +38.1% | +24.7% | +43.9% | — |
| 8 | Indus Towers LimitedINDUSTOWER | ₹99,225 Cr | 13.87 | 18.0% | +4.6% | +0.5% | +5.6% | — |
| 9 | Apar Industries LimitedAPARINDS | ₹73,896 Cr | 62.57 | 21.9% | +29.1% | +77.8% | +102.1% | — |
| 10 | Waaree Energies LimitedWAAREEENER | ₹67,310 Cr | 16.81 | 27.7% | +79.2% | +15.4% | -32.0% | — |
| 11 | Havells India LimitedHAVELLS | ₹65,266 Cr | 39.98 | 17.3% | +19.5% | -16.6% | -32.5% | — |
| 12 | Suzlon Energy LimitedSUZLON | ₹53,485 Cr | 17.01 | 33.2% | +22.8% | -5.8% | -31.3% | — |
| 13 | Premier Energies LimitedPREMIERENE | ₹39,639 Cr | 23.68 | 38.9% | +35.3% | +53.3% | -16.3% | — |
| 14 | Thermax LimitedTHERMAX | ₹37,857 Cr | 64.14 | 10.6% | +7.1% | -85.6% | +3.9% | — |
| 15 | Schneider Electric Infrastructure LimitedSCHNEIDER | ₹30,495 Cr | 166.24 | 23.7% | +4.7% | -69.7% | +48.4% | — |
| 16 | TD Power Systems LimitedTDPOWERSYS | ₹24,751 Cr | 90.13 | 25.6% | +72.1% | +72.6% | +175.3% | — |
| 17 | Kalpataru Projects International LimitedKPIL | ₹23,164 Cr | 20.57 | 14.5% | +3.8% | +45.6% | +8.1% | — |
| 18 | Emmvee Photovoltaic Power LimitedEMMVEE | ₹21,179 Cr | 24.02 | — | — | — | — | — |
| 19 | Triveni Turbine LimitedTRITURBINE | ₹16,849 Cr | 49.01 | 23.8% | +28.5% | -23.7% | +2.7% | — |
| 20 | Atlanta Electricals LimitedATLANTAELE | ₹13,199 Cr | 73.26 | — | — | — | — | — |
| 21 | Crompton Greaves Consumer Electricals LimitedCROMPTON | ₹13,052 Cr | — | -7.1% | +11.8% | +15.2% | -32.3% | — |
| 22 | V-Guard Industries LimitedVGUARD | ₹12,869 Cr | 35.30 | 15.4% | +23.5% | +76.4% | -20.4% | — |
| 23 | Fujiyama Power Systems LimitedUTLSOLAR | ₹12,327 Cr | — | — | — | — | — | — |
| 24 | Quality Power Electrical Equipments LimitedQPOWER | ₹12,117 Cr | 62.07 | — | +31.7% | +26.1% | +54.0% | — |
| 25 | Inox Wind LimitedINOXWIND | ₹11,882 Cr | 21.87 | 8.5% | -10.7% | -26.1% | -51.3% | — |
| 26 | Voltamp Transformers LimitedVOLTAMP | ₹10,548 Cr | 33.25 | 17.7% | +28.3% | +14.0% | +46.1% | — |
| 27 | KEC International LimitedKEC | ₹9,912 Cr | 23.06 | 7.0% | -7.0% | -28.0% | -57.2% | — |
| 28 | Waaree Renewable Technologies LimitedWAAREERTL | ₹8,442 Cr | 70.96 | — | +53.2% | +37.7% | -22.2% | — |
| 29 | Transformers And Rectifiers (India) LimitedTARIL | ₹8,429 Cr | 31.37 | 17.7% | +8.1% | -4.7% | -44.7% | — |
| 30 | Marine Electricals (India) LimitedMARINE | ₹6,109 Cr | 93.26 | 13.3% | +55.2% | +45.9% | +101.3% | — |
| 31 | Spectrum Electrical Industries LimitedSPECTRUM | ₹6,055 Cr | 105.75 | 23.4% | +76.5% | +131.9% | +169.5% | — |
| 32 | Vikram Solar LimitedVIKRAMSOLR | ₹5,593 Cr | 15.54 | — | — | — | -53.8% | — |
| 33 | Saatvik Green Energy LimitedSAATVIKGL | ₹5,155 Cr | 23.13 | — | — | — | — | — |
| 34 | Shilchar Technologies LimitedSHILCTECH | ₹4,614 Cr | 42.27 | — | — | — | — | — |
| 35 | GE Power India LimitedGVPIL | ₹4,568 Cr | 16.82 | — | +7.6% | +54.8% | +102.2% | — |
| 36 | Laser Power & Infra LimitedLASERPOWER | ₹3,688 Cr | — | — | — | — | — | — |
| 37 | Indo Tech Transformers LimitedINDOTECH | ₹3,555 Cr | 35.77 | 26.6% | +39.0% | +34.1% | +91.4% | — |
| 38 | Websol Energy System LimitedWEBELSOLAR | ₹2,983 Cr | 9.54 | 49.6% | — | — | -45.2% | — |
| 39 | Ravindra Energy LimitedRELTD | ₹2,918 Cr | 35.75 | 19.3% | -16.4% | +0.0% | -13.1% | — |
| 40 | Rishabh Instruments LimitedRISHABH | ₹2,704 Cr | 38.69 | 9.4% | +221.0% | +96.0% | +71.9% | — |
| 41 | Ujaas Energy LimitedUEL | ₹2,450 Cr | 2,045.00 | 1.4% | — | — | +118.4% | — |
| 42 | Bharat Bijlee LimitedBBL | ₹2,339 Cr | 20.96 | 5.5% | +17.7% | -29.9% | -34.6% | — |
| 43 | Eveready Industries India LimitedEVEREADY | ₹2,296 Cr | 13.37 | 27.6% | +9.3% | +1262.8% | -20.4% | — |
| 44 | MV Electrosystems LimitedMVELECTRO | ₹2,283 Cr | — | — | — | — | — | — |
| 45 | Alpex Solar LimitedALPEXSOLAR | ₹2,103 Cr | 10.52 | 35.6% | +32.5% | -5.1% | -31.9% | — |
| 46 | Exicom Tele-Systems LimitedEXICOM | ₹2,101 Cr | — | -40.7% | +61.5% | +11.4% | +1.0% | — |
| 47 | Marsons LimitedMARSONS | ₹1,966 Cr | 91.00 | — | — | — | — | — |
| 48 | Insolation Energy LimitedINA | ₹1,918 Cr | 21.62 | — | — | — | — | — |
| 49 | Honda India Power Products LimitedHONDAPOWER | ₹1,913 Cr | 28.95 | 8.2% | +22.1% | +23.3% | -33.4% | — |
| 50 | HPL Electric & Power LimitedHPL | ₹1,718 Cr | 19.26 | 8.9% | +34.5% | +1.2% | -44.2% | — |
| 51 | MODISON LIMITEDMODISONLTD | ₹1,577 Cr | 15.53 | 37.1% | +101.6% | +603.7% | +196.0% | — |
| 52 | Servotech Renewable Power System LimitedSERVOTECH | ₹1,563 Cr | 44.44 | 12.2% | +57.8% | +77.0% | -45.3% | — |
| 53 | IKIO Technologies LimitedIKIO | ₹1,476 Cr | 29.04 | 8.4% | +337.5% | +235.3% | -12.3% | — |
| 54 | RIR Power Electronics LimitedRIR | ₹1,408 Cr | — | — | — | — | — | — |
| 55 | Igarashi Motors India LimitedIGARASHI | ₹1,256 Cr | 76.58 | 3.5% | +22.5% | +169.6% | -23.9% | — |
| 56 | Jyoti Structures LimitedJYOTISTRUC | ₹1,062 Cr | 16.48 | 13.6% | +61.0% | +74.4% | -43.0% | — |
| 57 | Ice Make Refrigeration LimitedICEMAKE | ₹984 Cr | 81.97 | 9.0% | +41.9% | -14.3% | -17.6% | — |
| 58 | Wonder Electricals LimitedWEL | ₹961 Cr | 79.79 | 11.6% | +51.0% | +264.7% | -52.1% | — |
| 59 | Salzer Electronics LimitedSALZERELEC | ₹939 Cr | 21.14 | 7.5% | +12.9% | -51.7% | -31.8% | — |
| 60 | Swelect Energy Systems LimitedSWELECTES | ₹921 Cr | 20.85 | 4.8% | -26.2% | -63.8% | -33.4% | — |
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
Indosolar LimitedSuyog Telematics LimitedKirloskar Electric Company LimitedProstarm Info Systems LimitedViviana Power Tech LimitedSolex Energy LimitedMangal Electrical Industries LimitedSaakshi Medtech and Panels LimitedSupreme Power Equipment LimitedGP Eco Solutions India LimitedSar Televenture LimitedAustralian Premium Solar (India) 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 LimitedKore Digital LimitedElectro Force (India) LimitedAgni Green Power LimitedTarapur Transformers LimitedMaks Energy Solutions India LimitedATC Energies System LimitedAccord Transformer & Switchgear LtdAkanksha Power and Infrastructure LimitedAlfa Transformers LtdAmba Enterprises LtdAplab 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 LimitedHindusthan Insulators & Industries LtdINDO SMC LtdIncap LtdIntegra Switchgear LtdJSL Industries LtdJigar Cables LtdJyoti LtdKP Green Engineering LtdKanohar Electricals LimitedKaramtara Engineering LimitedKaycee Industries LtdKundan Edifice LimitedLakshmi Electrical Control Systems LtdLumino Industries LimitedMagnus Steel and Infra LtdMarsons LtdModern Insulators LtdNeueon Corporation 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
Kanohar Electricals · 06 OctKaramtara Engineering · 06 OctBharat Heavy · 14 OctABB India · 13 Nov
Full results calendar →
Frequently asked questions
Which are the largest electrical equipment stocks in India?
By market capitalisation: Bharat Heavy Electricals Limited (₹146,595 Cr), ABB India Limited (₹146,217 Cr), Hitachi Energy India Limited (₹139,467 Cr), CG Power and Industrial Solutions Limited (₹138,482 Cr), Siemens Limited (₹135,468 Cr).
How many electrical equipment companies are listed in India?
145 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 32.3, based on trailing-twelve-month profit and the latest close.
When do electrical equipment companies announce their results?
Upcoming board meetings for results: Kanohar Electricals Limited on 06 Oct 2026; Karamtara Engineering Limited on 06 Oct 2026; Bharat Heavy Electricals Limited on 14 Oct 2026; ABB India Limited on 13 Nov 2026.
