3 Abrasives and Ceramics Maker, Pumps and Valves Specialist and Electrical Equipment and Semiconductor Packaging Company Stocks With a Strong Future Roadmap: Grindwell Norton, Kirloskar Brothers and CG Power and Industrial Solutions
- October 27, 2026
- Posted by: Neeraj Pandey
- Category: Best Stocks
Grindwell Norton, Kirloskar Brothers and CG Power and Industrial Solutions: ROE of 15.1% to 16.4% and FY22 to FY26 revenue CAGR of 10.5% to 23.1%. Prices as of 26 Oct 2026.
Quick Answer
The three abrasive, pump and power equipment stocks to watch are Grindwell Norton, Kirloskar Brothers and CG Power and Industrial Solutions. Their return on equity ranges from 15.1% to 16.4%, and their revenue compound annual growth from FY22 to FY26 ranges from 10.5% to 23.1%. Grindwell Norton has the highest return on equity at 16.4%, while CG Power and Industrial Solutions has the fastest revenue growth at 23.1% a year. Prices are based on the 26 October 2026 close, and this article is educational, not investment advice.
Abrasive, pump and power equipment stocks give investors a way to track businesses that sit close to everyday demand in India. Grindwell Norton, Kirloskar Brothers and CG Power and Industrial Solutions cover an abrasives and ceramics maker, a pumps and valves specialist and an electrical equipment and semiconductor packaging company.
This list covers three abrasive, pump and power equipment stocks with complete current figures: Grindwell Norton, Kirloskar Brothers and CG Power and Industrial Solutions. Every figure comes from the latest reported financials and the 26 October 2026 market close. Companies without complete current figures were left out.
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What Are Abrasive, Pump and Power Equipment Stocks?
Abrasive, pump and power equipment stocks are listed industrial companies that make abrasives, pumps and electrical equipment for factories, farms and utilities. Their earnings depend on factory output, irrigation and water projects, grid spending and order books.
Abrasive, Pump and Power Equipment Stocks at a Glance
| Company | CMP (Rs) | Market Cap (Rs Cr) | P/E | Industry P/E | ROE (%) | D/E |
|---|---|---|---|---|---|---|
| Grindwell Norton | 1,836 | 20,188 | 46.1 | 44.4 | 16.4 | 0.02 |
| Kirloskar Brothers | 1,562.4 | 13,186 | 35.0 | 43.0 | 15.2 | 0.10 |
| CG Power and Industrial Solutions | 833.25 | 134,561 | 108.5 | 43.9 | 15.1 | 0.01 |
On valuation, Kirloskar Brothers trades at a P/E below the industry P/E, while Grindwell Norton and CG Power and Industrial Solutions trade above it, which reflects the growth the market already expects. Readers comparing abrasive, pump and power equipment stocks should look at return on equity and debt together, since a high return earned with low debt is easier to sustain. With the Q2 FY27 results season close, investors in abrasive, pump and power equipment stocks can use the coming numbers to test whether growth is holding.
Why Do Abrasive, Pump and Power Equipment Stocks Have a Strong Roadmap in India?
Abrasive, pump and power equipment stocks have a strong roadmap in India because factory growth, water supply projects and grid upgrades keep lifting demand for industrial products.
- Factory output. Metal and auto makers use abrasives daily.
- Water projects. Irrigation and supply schemes need pumps.
- Electrical gear. Utilities and railways add motors and switchgear.
Why Grindwell Norton Features Among These Abrasive, Pump and Power Equipment Stocks
Among the abrasive, pump and power equipment stocks on this list, Grindwell Norton, a Saint-Gobain group company, makes abrasives, ceramics and plastics products, including grinding wheels, coated abrasives and silicon carbide.
Revenue rose from Rs 2,066 crore in FY22 to Rs 3,168 crore in FY26, a compound annual growth rate of 11.3%. Net profit grew from Rs 295 crore in FY22 to Rs 417 crore in FY26, which works out to a compound annual growth rate of 9.0%.
In the June 2026 quarter, revenue grew 13.8% year on year to Rs 828 crore, while net profit rose 22.1% to Rs 115 crore. The company has a return on equity of 16.4%, a debt to equity ratio of 0.02 and a market capitalisation of Rs 20,188 crore. The stock trades at a P/E of 46.1, above the industry P/E of 44.4.
Roadmap: Demand from automobiles, steel, infrastructure and general manufacturing supports its core abrasives range, while ceramics and plastics offer higher-value niches. The group’s technology support and a debt-free balance sheet allow it to add capacity at its own pace.
What to watch: Keep tabs on industrial activity and input costs for raw materials such as silicon carbide.
Why Kirloskar Brothers Features Among These Abrasive, Pump and Power Equipment Stocks
Among the grinding wheel and valve maker shares on this list, Kirloskar Brothers is a Pune-based maker of pumps, valves and hydro systems used in irrigation, water supply, power plants, buildings and industry. It has served customers for over a century.
In the June 2026 quarter, revenue grew 12.5% year on year to Rs 1,120 crore. Revenue rose from Rs 3,090 crore in FY22 to Rs 4,615 crore in FY26, a compound annual growth rate of 10.5%.
Net profit grew from Rs 81.5 crore in FY22 to Rs 361 crore in FY26, which works out to a compound annual growth rate of 45.1%. The company has a return on equity of 15.2%, a debt to equity ratio of 0.10 and a market capitalisation of Rs 13,186 crore. The stock trades at a P/E of 35.0, below the industry P/E of 43.0.
Roadmap: The company benefits from public spending on water supply, irrigation and urban infrastructure, and it is growing its project and aftermarket business. A deep service network supports repeat orders.
What to watch: Follow order inflows from water and irrigation projects and the share of aftermarket sales.
Why CG Power and Industrial Solutions Features Among These Abrasive, Pump and Power Equipment Stocks
Among the three companies on this list, CG Power and Industrial Solutions makes transformers, motors, switchgear, drives and railway equipment for utilities, industry and railways, and has also entered semiconductor packaging.
The company has a return on equity of 15.1%, a debt to equity ratio of 0.01 and a market capitalisation of Rs 134,561 crore. The stock trades at a P/E of 108.5, above the industry P/E of 43.9.
Revenue rose from Rs 5,521 crore in FY22 to Rs 12,662 crore in FY26, a compound annual growth rate of 23.1%. Net profit grew from Rs 630 crore in FY22 to Rs 1,197 crore in FY26, which works out to a compound annual growth rate of 17.4%. In the June 2026 quarter, revenue grew 15.8% year on year to Rs 3,364 crore, while net profit rose 15.5% to Rs 308 crore.
Roadmap: The company is growing in power systems and industrial systems on the back of grid expansion and factory investment. It has built an outsourced semiconductor assembly and test plant, which opens a new technology line.
What to watch: Monitor the ramp-up of its semiconductor facility and order intake in power systems.
Grindwell Norton vs Kirloskar Brothers vs CG Power and Industrial Solutions on Key Financials
The table below sets the three abrasive, pump and power equipment stocks side by side on revenue, profit and margin, using reported figures.
| Company | FY22 Revenue (Rs Cr) | FY26 Revenue (Rs Cr) | Revenue CAGR (FY22-FY26) | FY26 Net Profit (Rs Cr) | FY26 Net Margin |
|---|---|---|---|---|---|
| Grindwell Norton | 2,066 | 3,168 | 11.3% | 417 | 13.2% |
| Kirloskar Brothers | 3,090 | 4,615 | 10.5% | 361 | 7.8% |
| CG Power and Industrial Solutions | 5,521 | 12,662 | 23.1% | 1,197 | 9.5% |
Grindwell Norton posts the highest return on equity in this group at 16.4%. CG Power and Industrial Solutions combines the largest FY26 revenue at Rs 12,662 crore with the fastest revenue growth, a 23.1% compound annual rate. A useful habit with abrasive, pump and power equipment stocks is to check each new quarterly result against the capacity plans the company described earlier. Many investors spread money across several water pump and motor maker stocks instead of one name, which keeps a single result from deciding the outcome.
The June 2026 quarter, the latest reported, gives a fresh read on momentum:
| Company | Q1 FY26 Revenue (Rs Cr) | Q1 FY27 Revenue (Rs Cr) | Year-on-Year Growth |
|---|---|---|---|
| Grindwell Norton | 727 | 828 | 13.8% |
| Kirloskar Brothers | 995 | 1,120 | 12.5% |
| CG Power and Industrial Solutions | 2,906 | 3,364 | 15.8% |
Key Risks to Check Before Investing in Abrasive, Pump and Power Equipment Stocks
Every theme carries risks that deserve a check before any decision. For these abrasive, pump and power equipment stocks, the main points are: Long-term grinding wheel and valve maker shares holders usually track revenue growth, margins and cash flow side by side rather than relying on a single ratio.
- Order timing. Project orders can shift between periods.
- Input costs. Metal and energy prices affect margins.
- Valuation levels. Some of these companies trade at high earnings multiples, so growth must continue to justify them.
Treat this list as a starting point for research and not as a recommendation. Read the latest results presentation, check the management commentary on order books or capacity plans, and compare each company with its peers before you decide anything.
Use the Univest Stock Screener to filter abrasive, pump and power equipment stocks by market capitalisation, P/E, ROE and growth, and build your own shortlist.
Final Thoughts on Abrasive, Pump and Power Equipment Stocks
Abrasive, pump and power equipment stocks work best when investors track growth, valuation and return on equity side by side. Grindwell Norton, Kirloskar Brothers and CG Power and Industrial Solutions each have a clear plan to grow. Based on the 26 October 2026 close, Grindwell Norton trades at Rs 1,836, Kirloskar Brothers at Rs 1,562.4 and CG Power and Industrial Solutions at Rs 833.25. Valuation matters as much as growth, so compare each company’s P/E with its industry P/E before adding any of these abrasive, pump and power equipment stocks to a watchlist.
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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).
What are abrasive, pump and power equipment stocks?
Ans. Abrasive, pump and power equipment stocks are listed industrial companies that make abrasives, pumps and electrical equipment for factories, farms and utilities. Their earnings depend on factory output, irrigation and water projects, grid spending and order books. This list looks at three of them, Grindwell Norton, Kirloskar Brothers and CG Power and Industrial Solutions, using reported FY22 to FY26 financials and the 26 October 2026 closing prices.
Which abrasive, pump and power equipment stocks are covered in this list?
Ans. This list covers Grindwell Norton, Kirloskar Brothers and CG Power and Industrial Solutions. Based on the 26 October 2026 close, Grindwell Norton traded at Rs 1,836, Kirloskar Brothers at Rs 1,562.4 and CG Power and Industrial Solutions at Rs 833.25. Their return on equity ranges from 15.1% to 16.4%, and their revenue compound annual growth from FY22 to FY26 ranges from 10.5% to 23.1%.
Why do abrasive, pump and power equipment stocks have a strong future roadmap in India?
Ans. Abrasive, pump and power equipment stocks have a strong roadmap in India because factory growth, water supply projects and grid upgrades keep lifting demand for industrial products. The main drivers are as follows. Factory output. Metal and auto makers use abrasives daily. Water projects. Irrigation and supply schemes need pumps. Electrical gear. Utilities and railways add motors and switchgear. Together these factors give the companies on this list a visible path for growth over the coming years.
How has Grindwell Norton performed financially?
Ans. Revenue rose from Rs 2,066 crore in FY22 to Rs 3,168 crore in FY26, a compound annual growth rate of 11.3%. Net profit grew from Rs 295 crore in FY22 to Rs 417 crore in FY26, which works out to a compound annual growth rate of 9.0%. In the June 2026 quarter, revenue grew 13.8% year on year to Rs 828 crore, while net profit rose 22.1% to Rs 115 crore. The company has a return on equity of 16.4%, a debt to equity ratio of 0.02 and a market capitalisation of Rs 20,188 crore. The stock trades at a P/E of 46.1, above the industry P/E of 44.4. Looking ahead, demand from automobiles, steel, infrastructure and general manufacturing supports its core abrasives range, while ceramics and plastics offer higher-value niches. The group’s technology support and a debt-free balance sheet allow it to add capacity at its own pace.
How has Kirloskar Brothers performed financially?
Ans. Revenue rose from Rs 3,090 crore in FY22 to Rs 4,615 crore in FY26, a compound annual growth rate of 10.5%. Net profit grew from Rs 81.5 crore in FY22 to Rs 361 crore in FY26, which works out to a compound annual growth rate of 45.1%. In the June 2026 quarter, revenue grew 12.5% year on year to Rs 1,120 crore. The company has a return on equity of 15.2%, a debt to equity ratio of 0.10 and a market capitalisation of Rs 13,186 crore. The stock trades at a P/E of 35.0, below the industry P/E of 43.0. Looking ahead, the company benefits from public spending on water supply, irrigation and urban infrastructure, and it is growing its project and aftermarket business. A deep service network supports repeat orders.
How has CG Power and Industrial Solutions performed financially?
Ans. Revenue rose from Rs 5,521 crore in FY22 to Rs 12,662 crore in FY26, a compound annual growth rate of 23.1%. Net profit grew from Rs 630 crore in FY22 to Rs 1,197 crore in FY26, which works out to a compound annual growth rate of 17.4%. In the June 2026 quarter, revenue grew 15.8% year on year to Rs 3,364 crore, while net profit rose 15.5% to Rs 308 crore. The company has a return on equity of 15.1%, a debt to equity ratio of 0.01 and a market capitalisation of Rs 134,561 crore. The stock trades at a P/E of 108.5, above the industry P/E of 43.9. Looking ahead, the company is growing in power systems and industrial systems on the back of grid expansion and factory investment. It has built an outsourced semiconductor assembly and test plant, which opens a new technology line.
What risks should investors check before buying abrasive, pump and power equipment stocks?
Ans. Investors should check a few risks before buying abrasive, pump and power equipment stocks. Order timing. Project orders can shift between periods. Input costs. Metal and energy prices affect margins. Valuation levels. Some of these companies trade at high earnings multiples, so growth must continue to justify them. Reading the latest results presentation and comparing each company with its peers helps judge how these risks apply to each stock.
Is this list of abrasive, pump and power equipment stocks investment advice?
Ans. No. This article is educational and uses publicly available data as of the 26 October 2026 close. Please verify figures on NSE and BSE, read company filings and consult a SEBI registered adviser before investing. Univest is SEBI registered research analyst INH000013776.
