3 Electrical Products Leader, Plywood and Laminates Maker and Premium Residential Developer Stocks With a Strong Future Roadmap: Havells India, Century Plyboards (India) and Oberoi Realty
- November 2, 2026
- Posted by: Chaitanya Auti
- Category: Best Stocks
Havells India, Century Plyboards (India) and Oberoi Realty: ROE of 10.1% to 17.9% and FY22 to FY26 revenue CAGR of 13.0% to 23.0%. Prices as of 30 Oct 2026.
Quick Answer
The three electricals, plywood and developer stocks to watch are Havells India, Century Plyboards (India) and Oberoi Realty. Their return on equity ranges from 10.1% to 17.9%, and their revenue compound annual growth from FY22 to FY26 ranges from 13.0% to 23.0%. Havells India has the highest return on equity at 17.9%, while Oberoi Realty has the fastest revenue growth at 23.0% a year. Prices are based on the 30 October 2026 close, and this article is educational, not investment advice.
Electricals, plywood and developer stocks bring together companies with a visible plan for the years ahead. Havells India, Century Plyboards (India) and Oberoi Realty cover an electrical products leader, a plywood and laminates maker and a premium residential developer.
This list covers three electricals, plywood and developer stocks with complete current figures: Havells India, Century Plyboards (India) and Oberoi Realty. Every figure comes from the latest reported financials and the 30 October 2026 market close. Companies without complete current figures were left out.
Click Here – Get Free Investment Predictions
What Are Electricals, Plywood and Developer Stocks?
Electricals, plywood and developer stocks are listed companies that sell fans, lighting, switchgear and wires, make plywood, laminates and boards, and develop premium residential and commercial projects in Mumbai. Their earnings depend on housing activity, interior spending and project launches.
Electricals, Plywood and Developer Stocks at a Glance
| Company | CMP (Rs) | Market Cap (Rs Cr) | P/E | Industry P/E | ROE (%) | D/E |
|---|---|---|---|---|---|---|
| Havells India | 1,013.8 | 68,928 | 42.2 | 44.3 | 17.9 | 0.03 |
| Century Plyboards (India) | 635.4 | 14,715 | 49.3 | 36.3 | 10.1 | 0.68 |
| Oberoi Realty | 1,646.5 | 58,911 | 22.4 | 30.7 | 13.8 | 0.14 |
On valuation, Havells India and Oberoi Realty trade at a P/E below the industry P/E, while Century Plyboards (India) trades above it, which reflects the growth the market already expects. Readers comparing electricals, plywood and developer stocks should look at return on equity and debt together, since a high return earned with low debt is easier to sustain.
Why Do Electricals, Plywood and Developer Stocks Have a Strong Roadmap in India?
Electricals, plywood and developer stocks have a strong roadmap in India because rising housing activity, growing home interior spending and steady premium project demand keep widening the market for these home linked companies.
- Home electricals. New homes need fans, wires and switches.
- Interiors. Furniture makers use more boards.
- Premium homes. Higher income buyers choose quality projects.
Why Havells India Features Among These Electricals, Plywood and Developer Stocks
Among the electricals, plywood and developer stocks on this list, Havells India is a leading electrical products company that sells fans, lighting, switchgear, wires and cables, and consumer appliances, along with Lloyd air conditioners.
The company has a return on equity of 17.9%, a debt to equity ratio of 0.03 and a market capitalisation of Rs 68,928 crore. The stock trades at a P/E of 42.2, below the industry P/E of 44.3.
Revenue rose from Rs 14,099 crore in FY22 to Rs 23,022 crore in FY26, a compound annual growth rate of 13.0%. Net profit grew from Rs 1,196 crore in FY22 to Rs 1,689 crore in FY26, which works out to a compound annual growth rate of 9.0%. In the June 2026 quarter, revenue grew 19.0% year on year to Rs 6,572 crore.
Roadmap: The company sells through a wide dealer network and keeps adding premium products and new categories such as air conditioners and water heaters. Capacity expansion in cables and appliances supports future growth.
What to watch: Check growth in the cables and Lloyd air conditioner businesses.
Why Century Plyboards (India) Features Among These Electricals, Plywood and Developer Stocks
Among the home fit out and housing shares on this list, Century Plyboards (India) is a leading maker of plywood, laminates, medium density fibreboard, particle board and doors, sold under the CenturyPly and Century Laminates brands.
Revenue rose from Rs 3,050 crore in FY22 to Rs 5,407 crore in FY26, a compound annual growth rate of 15.4%. Net profit grew from Rs 186 crore in FY25 to Rs 268 crore in FY26, a rise of 44.2%.
In the June 2026 quarter, revenue grew 33.5% year on year to Rs 1,564 crore, while net profit rose 57.4% to Rs 83.3 crore. The company has a return on equity of 10.1%, a debt to equity ratio of 0.68 and a market capitalisation of Rs 14,715 crore. The stock trades at a P/E of 49.3, above the industry P/E of 36.3.
Roadmap: Rising housing and furniture demand and a shift from unorganised to branded products support volumes across its wood panel range. Capacity added in laminates and fibreboard widens its reach in premium and mid-priced segments.
What to watch: Monitor volume growth in laminates and fibreboard and the utilisation of new plants.
Why Oberoi Realty Features Among These Electricals, Plywood and Developer Stocks
Among the three companies on this list, Oberoi Realty is a Mumbai-based real estate developer known for premium residential projects and commercial and retail assets, including malls and hospitality properties.
Revenue rose from Rs 2,752 crore in FY22 to Rs 6,304 crore in FY26, a compound annual growth rate of 23.0%. Net profit grew from Rs 1,047 crore in FY22 to Rs 2,507 crore in FY26, which works out to a compound annual growth rate of 24.4%.
The company has a return on equity of 13.8%, a debt to equity ratio of 0.14 and a market capitalisation of Rs 58,911 crore. The stock trades at a P/E of 22.4, below the industry P/E of 30.7.
Roadmap: The company has a pipeline of premium projects in the Mumbai region and builds recurring rental income from its commercial and retail assets. A strong brand supports pricing and sales.
What to watch: Track new project launches, sales bookings and rental income growth.
Havells India vs Century Plyboards (India) vs Oberoi Realty on Key Financials
The table below sets the three electricals, plywood and developer 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 |
|---|---|---|---|---|---|
| Havells India | 14,099 | 23,022 | 13.0% | 1,689 | 7.3% |
| Century Plyboards (India) | 3,050 | 5,407 | 15.4% | 268 | 5.0% |
| Oberoi Realty | 2,752 | 6,304 | 23.0% | 2,507 | 39.8% |
Havells India posts the highest return on equity in this group at 17.9%. Havells India has the largest FY26 revenue at Rs 23,022 crore, and Oberoi Realty shows the fastest revenue growth with a 23.0% compound annual rate. A useful habit with electricals, plywood and developer stocks is to check each new quarterly result against the capacity plans the company described earlier.
Key Risks to Check Before Investing in Electricals, Plywood and Developer Stocks
Every theme carries risks that deserve a check before any decision. For these electricals, plywood and developer stocks, the main points are:
- Housing cycles. Real estate and building demand can vary with rates and sentiment.
- Input costs. Metal and material prices can move 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 electricals, plywood and developer stocks by market capitalisation, P/E, ROE and growth, and build your own shortlist.
Final Thoughts on Electricals, Plywood and Developer Stocks
Electricals, plywood and developer stocks suit investors who prefer to study business strength before price moves. Havells India, Century Plyboards (India) and Oberoi Realty each have a clear plan to grow. Based on the 30 October 2026 close, Havells India trades at Rs 1,013.8, Century Plyboards (India) at Rs 635.4 and Oberoi Realty at Rs 1,646.5.
Download the Univest iOS App or Univest Android App to track electricals, plywood and developer stocks, set price alerts and get research-backed stock ideas.
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 electricals, plywood and developer stocks?
Ans. Electricals, plywood and developer stocks are listed companies that sell fans, lighting, switchgear and wires, make plywood, laminates and boards, and develop premium residential and commercial projects in Mumbai. Their earnings depend on housing activity, interior spending and project launches. This list looks at three of them, Havells India, Century Plyboards (India) and Oberoi Realty, using reported FY22 to FY26 financials and the 30 October 2026 closing prices.
Which electricals, plywood and developer stocks are covered in this list?
Ans. This list covers Havells India, Century Plyboards (India) and Oberoi Realty. Based on the 30 October 2026 close, Havells India traded at Rs 1,013.8, Century Plyboards (India) at Rs 635.4 and Oberoi Realty at Rs 1,646.5. Their return on equity ranges from 10.1% to 17.9%, and their revenue compound annual growth from FY22 to FY26 ranges from 13.0% to 23.0%.
Why do electricals, plywood and developer stocks have a strong future roadmap in India?
Ans. Electricals, plywood and developer stocks have a strong roadmap in India because rising housing activity, growing home interior spending and steady premium project demand keep widening the market for these home linked companies. The main drivers are as follows. Home electricals. New homes need fans, wires and switches. Interiors. Furniture makers use more boards. Premium homes. Higher income buyers choose quality projects. Together these factors give the companies on this list a visible path for growth over the coming years.
How has Havells India performed financially?
Ans. Revenue rose from Rs 14,099 crore in FY22 to Rs 23,022 crore in FY26, a compound annual growth rate of 13.0%. Net profit grew from Rs 1,196 crore in FY22 to Rs 1,689 crore in FY26, which works out to a compound annual growth rate of 9.0%. In the June 2026 quarter, revenue grew 19.0% year on year to Rs 6,572 crore. The company has a return on equity of 17.9%, a debt to equity ratio of 0.03 and a market capitalisation of Rs 68,928 crore. The stock trades at a P/E of 42.2, below the industry P/E of 44.3. Looking ahead, the company sells through a wide dealer network and keeps adding premium products and new categories such as air conditioners and water heaters. Capacity expansion in cables and appliances supports future growth.
How has Century Plyboards (India) performed financially?
Ans. Revenue rose from Rs 3,050 crore in FY22 to Rs 5,407 crore in FY26, a compound annual growth rate of 15.4%. Net profit grew from Rs 186 crore in FY25 to Rs 268 crore in FY26, a rise of 44.2%. In the June 2026 quarter, revenue grew 33.5% year on year to Rs 1,564 crore, while net profit rose 57.4% to Rs 83.3 crore. The company has a return on equity of 10.1%, a debt to equity ratio of 0.68 and a market capitalisation of Rs 14,715 crore. The stock trades at a P/E of 49.3, above the industry P/E of 36.3. Looking ahead, rising housing and furniture demand and a shift from unorganised to branded products support volumes across its wood panel range. Capacity added in laminates and fibreboard widens its reach in premium and mid-priced segments.
How has Oberoi Realty performed financially?
Ans. Revenue rose from Rs 2,752 crore in FY22 to Rs 6,304 crore in FY26, a compound annual growth rate of 23.0%. Net profit grew from Rs 1,047 crore in FY22 to Rs 2,507 crore in FY26, which works out to a compound annual growth rate of 24.4%. The company has a return on equity of 13.8%, a debt to equity ratio of 0.14 and a market capitalisation of Rs 58,911 crore. The stock trades at a P/E of 22.4, below the industry P/E of 30.7. Looking ahead, the company has a pipeline of premium projects in the Mumbai region and builds recurring rental income from its commercial and retail assets. A strong brand supports pricing and sales.
What risks should investors check before buying electricals, plywood and developer stocks?
Ans. Investors should check a few risks before buying electricals, plywood and developer stocks. Housing cycles. Real estate and building demand can vary with rates and sentiment. Input costs. Metal and material prices can move 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 electricals, plywood and developer stocks investment advice?
Ans. No. This article is educational and uses publicly available data as of the 30 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.