3 Top Power Equipment Stocks to Watch for Future Multibagger Potential: ABB India, CG Power and Apar Industries
- October 19, 2026
- Posted by: Manan Bisht
- Category: Best Stocks
ABB India Rs 6,801. CG Power Rs 846.95. Apar Industries Rs 16,033. Market caps from Rs 75,075 crore to Rs 1.48 lakh crore. Data as of 16 Oct 2026.
Quick Answer
ABB India, CG Power and Apar Industries are the 3 picks in this power equipment stocks watchlist, with market caps between Rs 75,075 crore and Rs 1.48 lakh crore. ABB India stands out for the lowest PE of the group at 49.61, while CG Power offers a nearly debt-free balance sheet, with a debt-to-equity ratio of 0.01. PE ratios run from 49.61 to 103.94, so compare each one with its industry PE before investing. All figures are as of 16 October 2026.
Power equipment stocks to watch for multibagger potential start with a simple filter: size, a clean financial record and earnings that keep growing. ABB India, CG Power and Apar Industries meet that test, with market caps from Rs 75,075 crore to Rs 1.48 lakh crore and ABB India offering the lowest PE of the group at 49.61. Record spending on power grids, renewable energy and factories drives orders for transformers, motors, cables and automation.
This list covers listed power equipment companies with complete, verifiable financials, ranked by market capitalisation. Not every name here is a largecap, so the list takes the leading companies of the sector by market capitalisation. Investors screening power equipment stocks usually begin with size and balance sheet strength, and this list follows the same logic. All figures are as of 16 October 2026 and are drawn from NSE and BSE data and company filings.
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What Are Power Equipment Stocks and Why Do They Attract Multibagger Interest?
Power equipment stocks are shares of companies that make transformers, motors, drives, conductors and cables for power utilities and industry. Their earnings depend on grid investment, factory capex and export orders.
India is adding generation, transmission and distribution capacity at a fast pace, and these suppliers sit at the centre of that spending. Companies with strong order books, healthy margins and high returns are the ones investors compare in power equipment stocks.
Power Equipment Stocks at a Glance: Price, Market Cap, PE and ROE
Prices are closing prices as of 16 October 2026. ABB India has the lowest PE of the group at 49.61, while Apar Industries posts the highest return on equity at 18.11%.
| Stock | CMP (Rs) | Market Cap (Rs Cr) | PE | Industry PE | ROE | Debt to Equity | 52-Week Range (Rs) |
|---|---|---|---|---|---|---|---|
| ABB India | 6,801 | 1,48,230 | 49.61 | 46.39 | 16.50% | 0.02 | 4,637.50 to 7,924.50 |
| CG Power and Industrial Solutions | 846.95 | 1,28,873 | 103.94 | 45.89 | 15.13% | 0.01 | 525.50 to 980.90 |
| Apar Industries | 16,033 | 75,075 | 63.54 | 46.39 | 18.11% | 0.18 | 6,801.00 to 19,265.00 |
ABB India: Debt-to-Equity of 0.02
ABB India supplies motion control, electrification, robotics and automation products to industry, infrastructure and utilities. It reported CY25 revenue of Rs 13,555.09 crore, up 8.08% year on year, and net profit of Rs 1,669.40 crore. Operating margin was 18.13% in CY25. The debt-to-equity ratio is 0.02, which keeps interest costs low.
In the June 2026 quarter, revenue rose 20.11% to Rs 3,651.54 crore and net profit grew 3.00% to Rs 362.30 crore. The share price has gained 273.08% over five years and 31.93% over the past year. Domestic institutions raised their holding from 7.66% in June 2025 to 9.90% in June 2026. The stock trades at a PE of 49.61 against an industry PE of 46.39, with a return on equity of 16.50%.
CG Power: Revenue Up 25.73% in FY26
CG Power and Industrial Solutions makes transformers, motors, drives and railway signalling products, and has entered semiconductor assembly. It reported FY26 revenue of Rs 12,662.22 crore, up 25.73% year on year, and net profit of Rs 1,196.73 crore, up 23.00%. Net profit has compounded at 17.42% a year since FY22, while revenue has grown 23.06% a year. Operating margin was 14.88% in FY26. The debt-to-equity ratio is 0.01, which keeps interest costs low.
The stock trades at a PE of 103.94 against an industry PE of 45.89, with a return on equity of 15.13%. In the June 2026 quarter, revenue rose 15.76% to Rs 3,364.39 crore and net profit grew 15.52% to Rs 308.28 crore. The share price has gained 563.19% over five years. Domestic institutions raised their holding from 16.33% in July 2025 to 18.30% in June 2026.
Apar Industries: 39.67% Profit CAGR Since FY22
Apar Industries makes conductors, specialty cables and transformer oils, and earns a large share of revenue from exports. It reported FY26 revenue of Rs 22,966.89 crore, up 22.95% year on year, and net profit of Rs 976.93 crore, up 18.95%. Net profit has compounded at 39.67% a year since FY22, while revenue has grown 25.19% a year. Operating margin was 8.49% in FY26. The debt-to-equity ratio is 0.18.
In the June 2026 quarter, revenue rose 29.16% to Rs 6,624.71 crore and net profit grew 77.80% to Rs 467.45 crore. The share price has gained 2287.98% over five years and 102.57% over the past year. Domestic institutions raised their holding from 22.64% in September 2025 to 24.88% in August 2026. The stock trades at a PE of 63.54 against an industry PE of 46.39, with a return on equity of 18.11%.
Power Equipment Stocks: Financial Comparison on Growth and Margins
The table compares scale and growth across these power equipment stocks. Latest quarter means the most recent reported quarter for each company, and only metrics that are positive for every company are shown.
| Stock | Revenue (Rs Cr) | Net Profit (Rs Cr) | Revenue Growth (YoY) | Latest Quarter Revenue Growth | Latest Quarter Profit Growth | Operating Margin (Latest Quarter) |
|---|---|---|---|---|---|---|
| ABB India | 13,555.09 (CY25) | 1,669.40 (CY25) | 8.08% | 20.11% | 3.00% | 15.11% |
| CG Power | 12,662.22 | 1,196.73 | 25.73% | 15.76% | 15.52% | 14.66% |
| Apar Industries | 22,966.89 | 976.93 | 22.95% | 29.16% | 77.80% | 12.05% |
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Institutional Holding in ABB India, CG Power and Apar Industries
Institutional holding shows who is backing these power equipment stocks alongside the promoter. The table uses the latest reported quarter for each. Apar Industries has the deepest institutional backing, with FII and DII together holding 36.24% as of August 2026. Domestic institutions increased their holding over the past year in ABB India (from 7.66% to 9.90%), CG Power (from 16.33% to 18.30%) and Apar Industries (from 22.64% to 24.88%).
| Stock | Promoter | FII | DII | Public | Quarter |
|---|---|---|---|---|---|
| ABB India | 75.00% | 7.67% | 9.90% | 7.44% | June 2026 |
| CG Power | 56.36% | 11.97% | 18.30% | 13.37% | June 2026 |
| Apar Industries | 55.42% | 11.36% | 24.88% | 8.34% | August 2026 |
Risks to Weigh in Power Equipment Stocks
Being careful with power equipment stocks means looking at what can slow the story as well as what can speed it up. Four points matter most:
- Equipment earnings depend on order timing and project spending.
- Valuations of fast growers can be high.
- Valuation: CG Power trades at a PE of 103.94 against an industry PE of 45.89, so earnings need to keep growing to support the price.
- Concentration: Holding all 3 names puts the allocation in one sector, so size each position to match your risk appetite.
How to Choose Between Power Equipment Stocks
Picking from power equipment stocks comes down to four checks, applied in order.
- Check balance sheet strength first, and prefer a debt-to-equity ratio below 1 for non-financial companies.
- Compare each PE with the industry PE (45.89 to 46.39) and ask whether the growth rate justifies any gap.
- Track the order book, revenue growth and the operating margin in every quarterly result.
- Stagger entries across quarters and review institutional holding every reporting season.
Download the Univest iOS App or Univest Android App to track ABB India, CG Power and Apar Industries live prices.
Conclusion
Among power equipment stocks, ABB India stands out for the lowest PE of the group at 49.61, CG Power for a nearly debt-free balance sheet, with a debt-to-equity ratio of 0.01 and Apar Industries for the highest return on equity at 18.11%. Which one suits a portfolio depends on how much valuation risk it can carry, so staggering entries and reviewing each quarterly result is a sound habit. Investors comparing power equipment stocks should rank them on growth, financial strength and the price paid, and anyone who wants personalised guidance can consult a SEBI-registered advisor before acting.
Disclaimer: Data and figures in this article are sourced from publicly available information. These may or may not be accurate. Please verify all data with the official NSE (nseindia.com) and BSE (bseindia.com) websites before making any investment decision. Investments in securities are subject to market risk. This content is for educational purposes only and is not investment advice by Univest (SEBI RA INH000013776).
Frequently Asked Questions on Power Equipment Stocks to Watch
Which are the best power equipment stocks to watch for multibagger potential?
Ans. ABB India, CG Power and Apar Industries are the 3 names this list highlights, with market caps of Rs 1,48,230 crore, Rs 1,28,873 crore and Rs 75,075 crore respectively. ABB India is notable for the lowest PE of the group at 49.61. CG Power stands out for a nearly debt-free balance sheet, with a debt-to-equity ratio of 0.01. Apar Industries offers the highest return on equity at 18.11%. These are watchlist names for power equipment stocks, not recommendations, so match each one to your own risk profile and time horizon.
Is Apar Industries a good stock for long-term investors?
Ans. Apar Industries has a return on equity of 18.11%, a PE of 63.54 against an industry PE of 46.39 and a market cap of Rs 75,075 crore. Net profit has compounded at 39.67% a year since FY22, and FY26 revenue rose 22.95% while June 2026 quarter net profit grew 77.80%. Long-term returns in power equipment stocks depend on earnings growth and the price paid at entry, so staggering purchases and consulting a SEBI-registered advisor is sensible.
Can CG Power become a multibagger from here?
Ans. CG Power has already gained 563.19% in five years, so another multi-fold move would need sustained earnings growth. A multibagger outcome in power equipment stocks requires earnings to keep growing faster than the market for several years. Net profit has compounded at 17.42% a year since FY22, and FY26 revenue rose 25.73%. At a PE of 103.94 against an industry PE of 45.89, valuation should be checked against that growth before investing.
What is the market cap of ABB India, CG Power and Apar Industries?
Ans. As of 16 October 2026, ABB India has a market cap of Rs 1,48,230 crore, CG Power has a market cap of Rs 1,28,873 crore and Apar Industries has a market cap of Rs 75,075 crore. ABB India is the largest of the group. Market cap changes daily with the share price, so check the latest figure on the Univest Screener or on NSE before taking a decision on power equipment stocks.
What are the risks of investing in power equipment stocks?
Ans. The main risks are delays in orders, metal price swings and valuations that already reflect strong growth. Companies with large order books and varied customers handle these better. CG Power trades at a PE of 103.94 against an industry PE of 45.89, so earnings growth needs to hold up.
Why is CG Power trading at a PE of 103.94?
Ans. CG Power’s PE of 103.94 compares with an industry PE of 45.89. The market is paying a premium for a return on equity of 15.13%, profit growth of 17.42% a year since FY22 and latest-quarter profit growth of 15.52%, which also means the stock is more sensitive if growth slows. Investors in power equipment stocks who are comfortable with higher valuation risk may prefer to stagger purchases instead of investing in one go.
How much do institutions hold in ABB India, CG Power and Apar Industries?
Ans. As of the latest reported quarter, FII and DII together hold 17.57% of ABB India (7.67% and 9.90%), 30.27% of CG Power (11.97% and 18.30%) and 36.24% of Apar Industries (11.36% and 24.88%). Rising institutional holding is a useful signal in power equipment stocks, though it should be read with earnings trends rather than on its own.
