Data Centre Stocks to Buy in November 2026: 5 Names on the Watchlist
- November 5, 2026
- Posted by: Lakshit Sharma
- Category: Best Stocks
Polycab India Rs 7,930. KEI Industries Rs 3,996. Cummins Rs 4,726. Siemens Rs 3,509. Apar Industries Rs 15,998. NSE closing prices, 4 Nov 2026.
Quick Answer
Five data centre stocks to buy on the November 2026 watchlist are Polycab India, KEI Industries, Cummins India, Siemens and Apar Industries. All five grew revenue in their latest full year, and all five also grew net profit. KEI Industries has the lowest P/E at 34.90, while Cummins India leads on return on equity at 27.87%. Check each valuation against your own risk appetite before acting.
The data centre stocks to buy in November 2026 start with five listed names: Polycab India, KEI Industries, Cummins India, Siemens and Apar Industries. Data centre stocks are companies whose cables, generators and electrical systems keep large server facilities running.
This article ranks none of them as a sure thing. It lays out the numbers each company has reported, how the shares are priced today and what an investor should check before adding any of these data centre stocks to buy to a portfolio. All prices are NSE closing prices of 4 November 2026, and financials come from company filings.
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Which Are the Best Data Centre Stocks to Buy in November 2026?
The best data centre stocks to buy in November 2026 for a watchlist are Polycab India, KEI Industries, Cummins India, Siemens and Apar Industries. They were picked because each has complete reported financials, profit in the latest quarter and an NSE listing. The table puts their market data side by side.
| Company | CMP (Rs) | Market Cap | P/E | ROE | Dividend Yield |
|---|---|---|---|---|---|
| Polycab India | 7,930 | Rs 1,15,758 crore | 36.15 | 24.10% | 0.61% |
| KEI Industries | 3,996 | Rs 36,843 crore | 34.90 | 14.66% | 0.12% |
| Cummins India | 4,726 | Rs 1,28,649 crore | 54.34 | 27.87% | 1.42% |
| Siemens | 3,509 | Rs 1,20,013 crore | 36.63 | 17.15% | 0.53% |
| Apar Industries | 15,998 | Rs 64,515 crore | 54.60 | 18.11% | 0.37% |
On valuation, KEI Industries and Siemens trade below the industry P/E; Polycab India sits close to it; Cummins India and Apar Industries carry a premium. Valuation is the first filter for any data centre stocks to buy list, and it is covered again in the risk section.
Why These Data Centre Stocks to Buy Are in Focus
Data centres need steady power, backup generators and heavy cabling, and this list covers a wires and cables leader, a power cable maker, an engine and genset maker, an electrification company and a conductor and cable maker. In this list, FY26 net profit and revenue both grew by more than 16% for every company. Investors comparing the best data centre stocks in India usually check order books, margins and how the shares are valued.
Polycab India: The Wires and Cables Leader Among Data Centre Stocks to Buy
Polycab India is India’s largest wires and cables maker, which also sells fans, lighting and switchgear. The stock trades at Rs 7,930 with a market capitalisation of Rs 1,15,758 crore and a P/E of 36.15, against an industry P/E of 39.42.
FY26 revenue rose 28.8% to Rs 29,120 crore and net profit rose 32.4% to Rs 2,708 crore. In the September 2026 quarter, revenue grew 53.1% year on year to Rs 9,987 crore, while net profit grew 42.9% to Rs 990 crore.
Return on equity is 24.10%, debt-to-equity is 0.02, and the dividend yield is 0.61%. Promoters hold 61.44%, foreign institutions 18.06% and domestic institutions 7.73% as of September 2026. Foreign institutional holding has risen from 13.97% to 18.06% over the last year.
KEI Industries: The Power Cable Specialist Among Data Centre Stocks to Buy
KEI Industries is a maker of power cables, including extra-high-voltage cables, along with stainless steel wire. At Rs 3,996, the stock has a market capitalisation of Rs 36,843 crore and trades at 34.90 times earnings, while the industry P/E is 39.42.
Reported numbers show FY26 revenue of Rs 11,906 crore, up 21.4% year on year, with net profit at Rs 918 crore, up 31.9%. The September 2026 quarter added revenue of Rs 3,801 crore (up 37.3%) and net profit of Rs 262 crore (up 29.0%).
Return on equity is 14.66%, debt-to-equity is 0.05, and the dividend yield is 0.12%. Promoters hold 35.00%, foreign institutions 26.14% and domestic institutions 26.26% as of September 2026.
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Cummins India: The Engine and Genset Leader Among Data Centre Stocks to Buy
Cummins India is a maker of engines, gensets and power solutions for industrial and infrastructure customers. Its market capitalisation is Rs 1,28,649 crore, the share price is Rs 4,726 and the P/E of 54.34 compares with an industry P/E of 42.61.
Over FY26, net profit rose 18.1% to Rs 2,362 crore on revenue of Rs 12,661 crore, which was up 16.8%. The latest quarter, the June 2026 quarter, brought revenue of Rs 3,563 crore, up 17.2% year on year, and net profit of Rs 609 crore, up 0.9%.
Return on equity is 27.87%, debt-to-equity is 0.00, and the dividend yield is 1.42%. Promoters hold 51.00%, foreign institutions 19.48% and domestic institutions 20.82% as of September 2026. Foreign institutional holding has risen from 18.35% to 19.48% over the last year.
Siemens: The Electrification Major Among Data Centre Stocks to Buy
Siemens is a technology company in electrification, automation and digitalisation. The stock trades at Rs 3,509 with a market capitalisation of Rs 1,20,013 crore and a P/E of 36.63, against an industry P/E of 41.42.
FY26 revenue rose 59.8% to Rs 25,599 crore and net profit rose 16.4% to Rs 2,283 crore. In the June 2026 quarter, revenue grew 14.2% year on year to Rs 4,831 crore, while net profit grew 406.2% to Rs 2,143 crore.
Return on equity is 17.15%, debt-to-equity is 0.02, and the dividend yield is 0.53%. Promoters hold 75.00%, foreign institutions 6.76% and domestic institutions 9.04% as of September 2026.
Apar Industries: The Conductor and Specialty Cable Name Among Data Centre Stocks to Buy
Apar Industries is a maker of conductors, power transmission cables and speciality oils. At Rs 15,998, the stock has a market capitalisation of Rs 64,515 crore and trades at 54.60 times earnings, while the industry P/E is 41.42.
Reported numbers show FY26 revenue of Rs 22,967 crore, up 22.9% year on year, with net profit at Rs 977 crore, up 18.9%. The June 2026 quarter added revenue of Rs 6,625 crore (up 29.2%) and net profit of Rs 467 crore (up 77.8%).
Return on equity is 18.11%, debt-to-equity is 0.18, and the dividend yield is 0.37%. Promoters hold 55.42%, foreign institutions 12.55% and domestic institutions 23.82% as of September 2026. Foreign institutional holding has risen from 9.35% to 12.55% over the last year.
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Growth Snapshot: Latest Full Year and Latest Quarter
The table compares year-on-year growth in revenue and net profit for all five data centre stocks, using filed results.
| Company | Full-Year Revenue Growth | Full-Year Profit Growth | Latest Quarter | Quarter Revenue Growth | Quarter Profit Growth |
|---|---|---|---|---|---|
| Polycab India | 28.8% | 32.4% | Sep 2026 | 53.1% | 42.9% |
| KEI Industries | 21.4% | 31.9% | Sep 2026 | 37.3% | 29.0% |
| Cummins India | 16.8% | 18.1% | Jun 2026 | 17.2% | 0.9% |
| Siemens | 59.8% | 16.4% | Jun 2026 | 14.2% | 406.2% |
| Apar Industries | 22.9% | 18.9% | Jun 2026 | 29.2% | 77.8% |
Factors That Move Data Centre Stocks to Buy
Four factors tend to drive data centre stocks, and each one is worth checking before a purchase.
- Power demand: Server farms use large loads.
- Order book: Orders show future revenue.
- Product reach: Cables and gensets serve many uses.
- Valuation: Most trade at premium multiples.
Risks to Keep in Mind Before Buying Data Centre Stocks
The first risk is that these businesses sell to many industries, so data centre demand is only one driver. The second is valuation, because several trade at premium multiples. Check results every quarter.
On the numbers, Apar Industries trades at the highest P/E on this list at 54.60, so its earnings need to keep growing to support the price. Data Centre stocks to buy can still fall when markets turn weak, and a staggered entry has historically suited investors better than a lump-sum purchase.
How to Choose Data Centre Stocks to Buy
- Check order books: Results mention order inflows.
- Compare margins: Copper prices affect cable makers.
- Review ROE: Returns are strong in the group.
- Spread names: Mix cables with power systems.
How to Invest in Data Centre Stocks
- Shortlist two or three companies from this list that match your risk appetite.
- Open the Univest Screener and compare P/E, ROE and debt for each stock.
- Check the latest quarterly results and shareholding pattern on NSE or BSE.
- Decide an amount you can hold for three to five years and split it into two or three purchases.
- Review the holding after every quarterly result instead of reacting to daily price moves.
Conclusion
KEI Industries offers the lowest P/E on this list at 34.90, Cummins India has the highest return on equity at 27.87%, and Polycab India posted the fastest net profit growth in its latest full year at 32.4%. Among the best data centre stocks in India, these five give investors a spread of size, valuation and growth, so the right pick depends on risk appetite and holding period. Spread the entry, keep position sizes sensible and consult a SEBI-registered advisor before investing in any of these data centre stocks to buy.
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 Data Centre Stocks to Buy
Which are the best data centre stocks to buy in November 2026?
Ans. The five data centre stocks on the November 2026 watchlist are Polycab India, KEI Industries, Cummins India, Siemens and Apar Industries. KEI Industries has the lowest P/E at 34.90, Cummins India has the highest ROE at 27.87%, and Polycab India grew net profit 32.4% in its latest full year. This is educational content, not investment advice, so please consult a SEBI-registered advisor.
Is Cummins India a good stock to buy from this Data Centre list?
Ans. Cummins India is the largest company on this list with a market capitalisation of Rs 1,28,649 crore and a P/E of 54.34 against an industry P/E of 42.61. Its FY26 revenue rose 16.8% and net profit rose 18.1%, with return on equity at 27.87%. Whether it suits you depends on your risk appetite and holding period, so please consult a SEBI-registered advisor before investing.
Are these data centre stocks expensive right now?
Ans. Valuations vary across the group. Polycab India trades at a P/E of 36.15, KEI Industries trades at a P/E of 34.90, Cummins India trades at a P/E of 54.34, Siemens trades at a P/E of 36.63, Apar Industries trades at a P/E of 54.60, against industry multiples ranging from 39.42 to 42.61. Higher multiples reflect faster growth but also leave less room for earnings misses, so entry price deserves attention.
Which of these data centre stocks pay a dividend?
Ans. Dividend yields on this list are Polycab India 0.61%, KEI Industries 0.12%, Cummins India 1.42%, Siemens 0.53%, Apar Industries 0.37%. Yields are modest across the group, so most investors look at these stocks for growth in earnings rather than for income, and payouts can change with company profits.
Which stock on this list has the highest return on equity?
Ans. Cummins India has the highest ROE on this list at 27.87%, followed by Polycab India at 24.10% and Apar Industries at 18.11%. A higher ROE shows a company earns more profit on shareholder capital, but it should be read alongside valuation and debt.
What are the risks of investing in data centre stocks?
Ans. The main risks are demand that depends on many industries, copper price effects and premium valuations. On this list, Apar Industries trades at the highest P/E of 54.60, which leaves less room for earnings disappointments. Staggered buying and a long holding period can help manage these risks.
How can I invest in data centre stocks in India?
Ans. You can buy these stocks directly on NSE or BSE through a demat account, and compare them first on the Univest Screener using P/E, ROE and debt. Many investors split the amount across two or three purchases and review the holding after each quarterly result. Sector-themed mutual funds and ETFs are another route for investors who prefer diversification.