3 Turbine Generators Maker, Engines and Power Systems Maker and Engineering Consultancy Stocks With a Strong Future Roadmap: TD Power Systems, Cummins India and Engineers India
- November 4, 2026
- Posted by: Chaitanya Auti
- Category: Best Stocks
TD Power Systems, Cummins India and Engineers India: ROE of 22.0% to 27.9% and FY22 to FY26 revenue CAGR of 7.9% to 23.2%. Prices as of 3 Nov 2026.
Quick Answer
The three generator, engine and consultancy stocks to watch are TD Power Systems, Cummins India and Engineers India. Their return on equity ranges from 22.0% to 27.9%, and their revenue compound annual growth from FY22 to FY26 ranges from 7.9% to 23.2%. Cummins India has the highest return on equity at 27.9%, while TD Power Systems has the fastest revenue growth at 23.2% a year. Prices are based on the 3 November 2026 close, and this article is educational, not investment advice.
Generator, engine and consultancy stocks let investors follow companies that serve a growing part of the Indian economy. TD Power Systems, Cummins India and Engineers India cover a turbine generators maker, an engines and power systems maker and an engineering consultancy.
This list covers three generator, engine and consultancy stocks with complete current figures: TD Power Systems, Cummins India and Engineers India. Every figure comes from the latest reported financials and the 3 November 2026 market close. Companies without complete current figures were left out.
Click Here – Get Free Investment Predictions
What Are Generator, Engine and Consultancy Stocks?
Generator, engine and consultancy stocks are listed companies that make generators for steam, gas, hydro and wind turbines, produce engines and generator sets for data centres and industry, and provide design and project services to oil, gas and fertiliser clients. Their earnings depend on power and process plant investment.
Generator, Engine and Consultancy Stocks at a Glance
| Company | CMP (Rs) | Market Cap (Rs Cr) | P/E | Industry P/E | ROE (%) | D/E |
|---|---|---|---|---|---|---|
| TD Power Systems | 711.55 | 23,639 | 86.0 | 43.9 | 22.3 | 0.02 |
| Cummins India | 4,650 | 127,515 | 53.9 | 44.4 | 27.9 | 0.00 |
| Engineers India | 289.25 | 15,096 | 19.2 | 22.7 | 22.0 | 0.01 |
On valuation, Engineers India trades at a P/E below the industry P/E, while TD Power Systems and Cummins India trade above it, which reflects the growth the market already expects. Readers comparing generator, engine and consultancy stocks should look at return on equity and debt together, since a high return earned with low debt is easier to sustain.
Why Do Generator, Engine and Consultancy Stocks Have a Strong Roadmap in India?
Generator, engine and consultancy stocks have a strong roadmap in India because new power capacity, data centre build outs and refinery and petrochemical projects keep widening the market for these capital goods companies.
- Generators. Turbine makers need generators for new plants.
- Engines. Data centres and industry need backup power.
- Engineering services. Refineries and plants need design and project help.
Why TD Power Systems Features Among These Generator, Engine and Consultancy Stocks
Among the generator, engine and consultancy stocks on this list, TD Power Systems, based in Bengaluru, manufactures generators for steam, gas, hydro and wind turbines and serves customers in India and overseas.
Revenue rose from Rs 814 crore in FY22 to Rs 1,878 crore in FY26, a compound annual growth rate of 23.2%. Net profit grew from Rs 70.5 crore in FY22 to Rs 239 crore in FY26, which works out to a compound annual growth rate of 35.7%.
The company has a return on equity of 22.3%, a debt to equity ratio of 0.02 and a market capitalisation of Rs 23,639 crore. The stock trades at a P/E of 86.0, above the industry P/E of 43.9.
Roadmap: The company is expanding capacity to meet demand from power producers, industrial users and data centre backup, with a large share of orders coming from exports. Its design capability for large-rated machines allows it to compete in higher-value segments.
What to watch: Follow export order inflows and capacity utilisation at the new facilities.
Why Cummins India Features Among These Generator, Engine and Consultancy Stocks
Among the power equipment and design shares on this list, Cummins India makes diesel and natural gas engines, generator sets, filtration products and power systems for infrastructure, data centres and industrial customers, and it also exports.
In the June 2026 quarter, revenue grew 17.2% year on year to Rs 3,563 crore, while net profit rose 0.9% to Rs 609 crore. Revenue rose from Rs 6,414 crore in FY22 to Rs 12,661 crore in FY26, a compound annual growth rate of 18.5%.
Net profit grew from Rs 934 crore in FY22 to Rs 2,362 crore in FY26, which works out to a compound annual growth rate of 26.1%. The company has a return on equity of 27.9%, a debt to equity ratio of 0.00 and a market capitalisation of Rs 127,515 crore. The stock trades at a P/E of 53.9, above the industry P/E of 44.4.
Roadmap: The company benefits from demand for backup power at data centres, infrastructure projects and industrial plants, and it is widening its export base. A debt-free balance sheet supports capacity additions and new product lines.
What to watch: Track demand from data centres and new infrastructure and the growth of exports.
Why Engineers India Features Among These Generator, Engine and Consultancy Stocks
Among the three companies on this list, Engineers India is a public sector engineering consultancy and project company that provides design, project management and construction services to oil, gas, petrochemical, fertiliser and infrastructure clients.
The company has a return on equity of 22.0%, a debt to equity ratio of 0.01 and a market capitalisation of Rs 15,096 crore. The stock trades at a P/E of 19.2, below the industry P/E of 22.7.
Revenue rose from Rs 3,043 crore in FY22 to Rs 4,123 crore in FY26, a compound annual growth rate of 7.9%. Net profit grew from Rs 343 crore in FY22 to Rs 692 crore in FY26, which works out to a compound annual growth rate of 19.2%.
Roadmap: The company is involved in refinery expansions and new petrochemical projects and is widening its work in green energy, hydrogen and infrastructure. A debt-free balance sheet and a strong order book give it capacity to take on large mandates.
What to watch: Monitor order inflow from refinery and petrochemical projects and execution of existing mandates.
TD Power Systems vs Cummins India vs Engineers India on Key Financials
The table below sets the three generator, engine and consultancy 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 |
|---|---|---|---|---|---|
| TD Power Systems | 814 | 1,878 | 23.2% | 239 | 12.7% |
| Cummins India | 6,414 | 12,661 | 18.5% | 2,362 | 18.7% |
| Engineers India | 3,043 | 4,123 | 7.9% | 692 | 16.8% |
Cummins India posts the highest return on equity in this group at 27.9%. Cummins India has the largest FY26 revenue at Rs 12,661 crore, and TD Power Systems shows the fastest revenue growth with a 23.2% compound annual rate. A useful habit with generator, engine and consultancy stocks is to check each new quarterly result against the capacity plans the company described earlier.
Key Risks to Check Before Investing in Generator, Engine and Consultancy Stocks
Every theme carries risks that deserve a check before any decision. For these generator, engine and consultancy stocks, the main points are: Long-term power equipment and design shares holders usually track revenue growth, margins and cash flow side by side rather than relying on a single ratio.
- Order timing. Project awards can shift between periods.
- Capital spending cycles. Customer investment in plants and equipment can vary.
- 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 generator, engine and consultancy stocks by market capitalisation, P/E, ROE and growth, and build your own shortlist.
Final Thoughts on Generator, Engine and Consultancy Stocks
Generator, engine and consultancy stocks reward investors who follow demand trends, order books and margins together. TD Power Systems, Cummins India and Engineers India each have a clear plan to grow. Based on the 3 November 2026 close, TD Power Systems trades at Rs 711.55, Cummins India at Rs 4,650 and Engineers India at Rs 289.25.
Download the Univest iOS App or Univest Android App to track generator, engine and consultancy 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 generator, engine and consultancy stocks?
Ans. Generator, engine and consultancy stocks are listed companies that make generators for steam, gas, hydro and wind turbines, produce engines and generator sets for data centres and industry, and provide design and project services to oil, gas and fertiliser clients. Their earnings depend on power and process plant investment. This list looks at three of them, TD Power Systems, Cummins India and Engineers India, using reported FY22 to FY26 financials and the 3 November 2026 closing prices.
Which generator, engine and consultancy stocks are covered in this list?
Ans. This list covers TD Power Systems, Cummins India and Engineers India. Based on the 3 November 2026 close, TD Power Systems traded at Rs 711.55, Cummins India at Rs 4,650 and Engineers India at Rs 289.25. Their return on equity ranges from 22.0% to 27.9%, and their revenue compound annual growth from FY22 to FY26 ranges from 7.9% to 23.2%.
Why do generator, engine and consultancy stocks have a strong future roadmap in India?
Ans. Generator, engine and consultancy stocks have a strong roadmap in India because new power capacity, data centre build outs and refinery and petrochemical projects keep widening the market for these capital goods companies. The main drivers are as follows. Generators. Turbine makers need generators for new plants. Engines. Data centres and industry need backup power. Engineering services. Refineries and plants need design and project help. Together these factors give the companies on this list a visible path for growth over the coming years.
How has TD Power Systems performed financially?
Ans. Revenue rose from Rs 814 crore in FY22 to Rs 1,878 crore in FY26, a compound annual growth rate of 23.2%. Net profit grew from Rs 70.5 crore in FY22 to Rs 239 crore in FY26, which works out to a compound annual growth rate of 35.7%. The company has a return on equity of 22.3%, a debt to equity ratio of 0.02 and a market capitalisation of Rs 23,639 crore. The stock trades at a P/E of 86.0, above the industry P/E of 43.9. Looking ahead, the company is expanding capacity to meet demand from power producers, industrial users and data centre backup, with a large share of orders coming from exports. Its design capability for large-rated machines allows it to compete in higher-value segments.
How has Cummins India performed financially?
Ans. Revenue rose from Rs 6,414 crore in FY22 to Rs 12,661 crore in FY26, a compound annual growth rate of 18.5%. Net profit grew from Rs 934 crore in FY22 to Rs 2,362 crore in FY26, which works out to a compound annual growth rate of 26.1%. In the June 2026 quarter, revenue grew 17.2% year on year to Rs 3,563 crore, while net profit rose 0.9% to Rs 609 crore. The company has a return on equity of 27.9%, a debt to equity ratio of 0.00 and a market capitalisation of Rs 127,515 crore. The stock trades at a P/E of 53.9, above the industry P/E of 44.4. Looking ahead, the company benefits from demand for backup power at data centres, infrastructure projects and industrial plants, and it is widening its export base. A debt-free balance sheet supports capacity additions and new product lines.
How has Engineers India performed financially?
Ans. Revenue rose from Rs 3,043 crore in FY22 to Rs 4,123 crore in FY26, a compound annual growth rate of 7.9%. Net profit grew from Rs 343 crore in FY22 to Rs 692 crore in FY26, which works out to a compound annual growth rate of 19.2%. The company has a return on equity of 22.0%, a debt to equity ratio of 0.01 and a market capitalisation of Rs 15,096 crore. The stock trades at a P/E of 19.2, below the industry P/E of 22.7. Looking ahead, the company is involved in refinery expansions and new petrochemical projects and is widening its work in green energy, hydrogen and infrastructure. A debt-free balance sheet and a strong order book give it capacity to take on large mandates.
What risks should investors check before buying generator, engine and consultancy stocks?
Ans. Investors should check a few risks before buying generator, engine and consultancy stocks. Order timing. Project awards can shift between periods. Capital spending cycles. Customer investment in plants and equipment can vary. 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 generator, engine and consultancy stocks investment advice?
Ans. No. This article is educational and uses publicly available data as of the 3 November 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.