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)
Siemens Energy India	3,105.50	1,10,593.22	25.10	29.22	0.00	NM	NM	100.53	29.24	73.30
ABB India	5,170.00	1,09,556.63	26.45	35.54	0.00	20.68	67.49	62.11	15.48	53.03
CG Power and Industrial Solutions	660.85	1,04,071.82	25.44	32.17	0.00	21.23	34.14	97.41	29.51	65.58
Hitachi Energy India	19,309.60	86,067.45	9.11	13.07	0.00	9.34	31.84	120.00	20.42	80.56
Waaree Energies	2,874.05	82,669.43	19.69	24.82	0.10	71.69	191.39	30.63	8.72	19.99
Premier Energies	900.50	40,792.14	33.20	34.91	0.67	NM	NM	34.16	14.45	22.02
Schneider Electric Infrastructure	760.00	18,171.91	56.11	33.90	0.51	19.88	102.31	70.24	38.07	39.71
Emmvee Photovoltaic Power	212.60	14,719.26	68.74	23.03	3.63	NM	NM	0.00	19.88	0.00
Waaree Renewable Technologies	985.95	10,278.19	50.31	62.96	0.06	114.68	200.37	29.36	32.27	28.54
Genus Power Infrastructures	307.15	9,340.79	16.67	21.00	0.73	52.76	75.65	20.29	4.99	14.17
Atlanta Electricals	870.00	6,690.01	33.90	43.11	0.40	25.75	28.97	54.32	19.06	0.00
Fujiyama Power Systems	204.00	6,250.78	39.39	42.68	0.87	42.27	103.47	0.00	13.39	0.00
Saatvik Green Energy	379.35	4,821.73	63.41	60.44	1.36	NM	NM	14.45	14.15	0.00
Shilchar Technologies	3,968.55	4,540.10	42.34	56.38	0.00	51.23	118.69	25.57	13.09	19.79
Websol Energy Systems	105.90	4,469.65	55.65	49.86	0.55	39.23	163.58	21.98	11.42	20.07
Bharat Bijlee	2,886.50	3,262.65	6.88	9.13	0.04	14.53	33.97	22.19	1.48	13.91
Marine Electricals (India)	207.12	2,857.10	9.51	15.15	0.12	26.79	43.61	61.21	7.44	26.38
Insolation Energy Ltd	127.55	2,810.47	20.47	25.16	0.18	83.63	162.69	19.38	16.45	32.30
Marsons	159.90	2,751.88	22.87	23.03	0.02	NM	NM	84.58	22.46	113.36
Ravindra Energy	152.95	2,730.99	6.39	7.19	0.56	-31.08	-12.62	39.79	15.37	44.46
Honda India Power Products	2,420.45	2,455.08	9.25	12.51	0.00	-11.77	2.36	32.35	2.84	11.64
Alpex Solar	959.35	2,347.86	38.57	50.31	0.33	67.65	654.70	15.28	15.04	11.03
Ujaas Energy	153.95	2,053.66	7.88	10.82	0.60	44.35	13.24	301.21	14.34	8.99
Servotech Renewable Power System	83.71	1,890.55	13.83	19.57	0.32	67.44	100.05	84.71	7.99	48.06
Spectrum Electrical Industries	1,080.00	1,697.09	13.43	17.30	0.88	16.98	49.56	57.09	9.04	57.65

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

Dec 5, 2025, 4:01 PM IST

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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 82,669.43 cr. Over the previous 12 months, Waaree Energies’s share price gained 1.23%.

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.

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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.