3 Electricity Utility, Personal Care Products Maker and Forged Components Maker Stocks With a Strong Future Roadmap: CESC, Godrej Consumer Products and Happy Forgings
- November 5, 2026
- Posted by: Neeraj Pandey
- Category: Best Stocks
CESC, Godrej Consumer Products and Happy Forgings: ROE of 12.3% to 14.7% and FY22 to FY26 revenue CAGR of 5.7% to 16.2%. Prices as of 4 Nov 2026.
Quick Answer
The three power utility, personal care and forging stocks to watch are CESC, Godrej Consumer Products and Happy Forgings. Their return on equity ranges from 12.3% to 14.7%, and their revenue compound annual growth from FY22 to FY26 ranges from 5.7% to 16.2%. Godrej Consumer Products has the highest return on equity at 14.7%, while Happy Forgings has the fastest revenue growth at 16.2% a year. Prices are based on the 4 November 2026 close, and this article is educational, not investment advice.
Power utility, personal care and forging stocks offer a focused view of a sector where demand keeps widening. CESC, Godrej Consumer Products and Happy Forgings cover a power generation and distribution company, a personal care products maker and a forged components maker.
This list covers three power utility, personal care and forging stocks with complete current figures: CESC, Godrej Consumer Products and Happy Forgings. Every figure comes from the latest reported financials and the 4 November 2026 market close. Companies without complete current figures were left out.
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What Are Power Utility, Personal Care and Forging Stocks?
Power utility, personal care and forging stocks are listed companies that generate and distribute electricity, sell household insecticides, soaps and hair colour in many countries, and make forged and machined components for vehicles and industry. Their earnings depend on power demand, household spending and vehicle and industrial output.
Power Utility, Personal Care and Forging Stocks at a Glance
| Company | CMP (Rs) | Market Cap (Rs Cr) | P/E | Industry P/E | ROE (%) | D/E |
|---|---|---|---|---|---|---|
| CESC | 130.94 | 17,716 | 10.9 | 21.8 | 12.3 | 1.73 |
| Godrej Consumer Products | 849 | 84,893 | 44.4 | 32.8 | 14.7 | 0.35 |
| Happy Forgings | 1,849.7 | 17,630 | 53.9 | 50.7 | 14.2 | 0.15 |
On valuation, CESC trades at a P/E below the industry P/E, while Godrej Consumer Products and Happy Forgings trade above it, which reflects the growth the market already expects. Readers comparing power utility, personal care and forging 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 power utility, personal care and forging stocks can use the coming numbers to test whether growth is holding.
Why Do Power Utility, Personal Care and Forging Stocks Have a Strong Roadmap in India?
Power utility, personal care and forging stocks have a strong roadmap in India because rising power consumption, steady household spending and a growing vehicle base keep widening the market for these companies.
- Power utility. Cities use more electricity every year.
- Personal care. Households buy trusted brands.
- Forgings. Vehicles and machines need strong parts.
Why CESC Features Among These Power Utility, Personal Care and Forging Stocks
Among the power utility, personal care and forging stocks on this list, CESC is a Kolkata-based power company that generates and distributes electricity to Kolkata and Howrah, and it also runs distribution businesses in other states and a growing renewable energy platform through its subsidiary.
Revenue rose from Rs 12,827 crore in FY22 to Rs 18,927 crore in FY26, a compound annual growth rate of 10.2%. Net profit grew from Rs 1,447 crore in FY24 to Rs 1,618 crore in FY26, which works out to a compound annual growth rate of 5.7%.
In the June 2026 quarter, revenue grew 5.2% year on year to Rs 5,559 crore, while net profit rose 3.7% to Rs 419 crore. The company has a return on equity of 12.3%, a debt to equity ratio of 1.73 and a market capitalisation of Rs 17,716 crore. The stock trades at a P/E of 10.9, below the industry P/E of 21.8.
Roadmap: The company is expanding its renewable portfolio and distribution reach, using a stable city distribution franchise as the base. It also holds retail and other businesses that add diversification.
What to watch: Track renewable capacity addition and the progress of newer distribution franchises.
Why Godrej Consumer Products Features Among These Power Utility, Personal Care and Forging Stocks
Among the electricity, FMCG and auto part shares on this list, Godrej Consumer Products is a Mumbai-based consumer goods company that sells household insecticides, soaps, hair colour and air care products in India, Indonesia and Africa.
In the June 2026 quarter, revenue grew 14.2% year on year to Rs 4,277 crore, while net profit rose 11.5% to Rs 505 crore. Revenue rose from Rs 12,366 crore in FY22 to Rs 15,444 crore in FY26, a compound annual growth rate of 5.7%.
Net profit for FY26 was Rs 1,861 crore, a net margin of 12.1%. The company has a return on equity of 14.7%, a debt to equity ratio of 0.35 and a market capitalisation of Rs 84,893 crore. The stock trades at a P/E of 44.4, above the industry P/E of 32.8.
Roadmap: The company is widening its home care and personal care ranges and strengthening its presence in Africa and Indonesia. Well known brands and wide distribution give it steady repeat demand.
What to watch: Monitor volume growth, raw material costs and progress in international markets.
Why Happy Forgings Features Among These Power Utility, Personal Care and Forging Stocks
Among the three companies on this list, Happy Forgings is a Ludhiana-based maker of forged and machined components for engines, transmissions and axles, selling to commercial vehicle, off-highway, farm and industrial customers.
The company has a return on equity of 14.2%, a debt to equity ratio of 0.15 and a market capitalisation of Rs 17,630 crore. The stock trades at a P/E of 53.9, above the industry P/E of 50.7.
Revenue rose from Rs 866 crore in FY22 to Rs 1,577 crore in FY26, a compound annual growth rate of 16.2%. Net profit grew from Rs 142 crore in FY22 to Rs 302 crore in FY26, which works out to a compound annual growth rate of 20.7%. In the June 2026 quarter, revenue grew 26.5% year on year to Rs 460 crore, while net profit rose 39.2% to Rs 91.5 crore.
Roadmap: The company is adding machining capacity and widening its range to serve passenger vehicles, railways and aerospace, which reduces reliance on a single segment. Its focus on precision components supports long-term relationships with global customers.
What to watch: Monitor the pace of new capacity and the shift towards higher-value, fully machined parts.
CESC vs Godrej Consumer Products vs Happy Forgings on Key Financials
The table below sets the three power utility, personal care and forging 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 |
|---|---|---|---|---|---|
| CESC | 12,827 | 18,927 | 10.2% | 1,618 | 8.5% |
| Godrej Consumer Products | 12,366 | 15,444 | 5.7% | 1,861 | 12.1% |
| Happy Forgings | 866 | 1,577 | 16.2% | 302 | 19.1% |
Godrej Consumer Products posts the highest return on equity in this group at 14.7%. CESC has the largest FY26 revenue at Rs 18,927 crore, and Happy Forgings shows the fastest revenue growth with a 16.2% compound annual rate. A useful habit with power utility, personal care and forging stocks is to check each new quarterly result against the capacity plans the company described earlier.
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 |
|---|---|---|---|
| CESC | 5,285 | 5,559 | 5.2% |
| Godrej Consumer Products | 3,746 | 4,277 | 14.2% |
| Happy Forgings | 364 | 460 | 26.5% |
Key Risks to Check Before Investing in Power Utility, Personal Care and Forging Stocks
Every theme carries risks that deserve a check before any decision. For these power utility, personal care and forging stocks, the main points are: Long-term electricity, FMCG and auto part shares holders usually track revenue growth, margins and cash flow side by side rather than relying on a single ratio.
- Component costs. Copper, chips and other inputs can move margins.
- Production cycles. Vehicle output can vary with demand.
- 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 power utility, personal care and forging stocks by market capitalisation, P/E, ROE and growth, and build your own shortlist.
Final Thoughts on Power Utility, Personal Care and Forging Stocks
Power utility, personal care and forging stocks reward patient research into demand, execution and financial strength. CESC, Godrej Consumer Products and Happy Forgings each have a clear plan to grow. Based on the 4 November 2026 close, CESC trades at Rs 130.94, Godrej Consumer Products at Rs 849 and Happy Forgings at Rs 1,849.7. Valuation matters as much as growth, so compare each company’s P/E with its industry P/E before adding any of these power utility, personal care and forging 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 power utility, personal care and forging stocks?
Ans. Power utility, personal care and forging stocks are listed companies that generate and distribute electricity, sell household insecticides, soaps and hair colour in many countries, and make forged and machined components for vehicles and industry. Their earnings depend on power demand, household spending and vehicle and industrial output. This list looks at three of them, CESC, Godrej Consumer Products and Happy Forgings, using reported FY22 to FY26 financials and the 4 November 2026 closing prices.
Which power utility, personal care and forging stocks are covered in this list?
Ans. This list covers CESC, Godrej Consumer Products and Happy Forgings. Based on the 4 November 2026 close, CESC traded at Rs 130.94, Godrej Consumer Products at Rs 849 and Happy Forgings at Rs 1,849.7. Their return on equity ranges from 12.3% to 14.7%, and their revenue compound annual growth from FY22 to FY26 ranges from 5.7% to 16.2%.
Why do power utility, personal care and forging stocks have a strong future roadmap in India?
Ans. Power utility, personal care and forging stocks have a strong roadmap in India because rising power consumption, steady household spending and a growing vehicle base keep widening the market for these companies. The main drivers are as follows. Power utility. Cities use more electricity every year. Personal care. Households buy trusted brands. Forgings. Vehicles and machines need strong parts. Together these factors give the companies on this list a visible path for growth over the coming years.
How has CESC performed financially?
Ans. Revenue rose from Rs 12,827 crore in FY22 to Rs 18,927 crore in FY26, a compound annual growth rate of 10.2%. Net profit grew from Rs 1,447 crore in FY24 to Rs 1,618 crore in FY26, which works out to a compound annual growth rate of 5.7%. In the June 2026 quarter, revenue grew 5.2% year on year to Rs 5,559 crore, while net profit rose 3.7% to Rs 419 crore. The company has a return on equity of 12.3%, a debt to equity ratio of 1.73 and a market capitalisation of Rs 17,716 crore. The stock trades at a P/E of 10.9, below the industry P/E of 21.8. Looking ahead, the company is expanding its renewable portfolio and distribution reach, using a stable city distribution franchise as the base. It also holds retail and other businesses that add diversification.
How has Godrej Consumer Products performed financially?
Ans. Revenue rose from Rs 12,366 crore in FY22 to Rs 15,444 crore in FY26, a compound annual growth rate of 5.7%. Net profit for FY26 was Rs 1,861 crore, a net margin of 12.1%. In the June 2026 quarter, revenue grew 14.2% year on year to Rs 4,277 crore, while net profit rose 11.5% to Rs 505 crore. The company has a return on equity of 14.7%, a debt to equity ratio of 0.35 and a market capitalisation of Rs 84,893 crore. The stock trades at a P/E of 44.4, above the industry P/E of 32.8. Looking ahead, the company is widening its home care and personal care ranges and strengthening its presence in Africa and Indonesia. Well known brands and wide distribution give it steady repeat demand.
How has Happy Forgings performed financially?
Ans. Revenue rose from Rs 866 crore in FY22 to Rs 1,577 crore in FY26, a compound annual growth rate of 16.2%. Net profit grew from Rs 142 crore in FY22 to Rs 302 crore in FY26, which works out to a compound annual growth rate of 20.7%. In the June 2026 quarter, revenue grew 26.5% year on year to Rs 460 crore, while net profit rose 39.2% to Rs 91.5 crore. The company has a return on equity of 14.2%, a debt to equity ratio of 0.15 and a market capitalisation of Rs 17,630 crore. The stock trades at a P/E of 53.9, above the industry P/E of 50.7. Looking ahead, the company is adding machining capacity and widening its range to serve passenger vehicles, railways and aerospace, which reduces reliance on a single segment. Its focus on precision components supports long-term relationships with global customers.
What risks should investors check before buying power utility, personal care and forging stocks?
Ans. Investors should check a few risks before buying power utility, personal care and forging stocks. Component costs. Copper, chips and other inputs can move margins. Production cycles. Vehicle output can vary with demand. 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 power utility, personal care and forging stocks investment advice?
Ans. No. This article is educational and uses publicly available data as of the 4 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.
