3 Auto Thermal Systems Maker, Turbo Generators Maker and Performance Chemicals Maker Stocks With a Strong Future Roadmap: Subros, TD Power Systems and Clean Science and Technology
- November 12, 2026
- Posted by: Chaitanya Auti
- Category: Best Stocks
Subros, TD Power Systems and Clean Science and Technology: ROE of 13.3% to 22.3% and FY22 to FY26 revenue CAGR of 8.5% to 23.2%. Prices as of 11 Nov 2026.
Quick Answer
The three car cooling, generator and chemical stocks to watch are Subros, TD Power Systems and Clean Science and Technology. Their return on equity ranges from 13.3% to 22.3%, and their revenue compound annual growth from FY22 to FY26 ranges from 8.5% to 23.2%. TD Power Systems leads on both return on equity at 22.3% and revenue growth at 23.2% a year. Prices are based on the 11 November 2026 close, and this article is educational, not investment advice.
Car cooling, generator and chemical stocks bring together companies with a visible plan for the years ahead. Subros, TD Power Systems and Clean Science and Technology cover an auto thermal systems maker, a turbo generators maker and a performance chemicals maker.
This list covers three car cooling, generator and chemical stocks with complete current figures: Subros, TD Power Systems and Clean Science and Technology. Every figure comes from the latest reported financials and the 11 November 2026 market close. Companies without complete current figures were left out.
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What Are Car Cooling, Generator and Chemical Stocks?
Car cooling, generator and chemical stocks are listed companies that make air conditioning and thermal systems for cars and trucks, make generators for turbines in power, steam and renewable plants, and make performance and pharma chemicals used in many industries. Their earnings depend on vehicle output, power plant orders and chemical demand.
Car Cooling, Generator and Chemical Stocks at a Glance
| Company | CMP (Rs) | Market Cap (Rs Cr) | P/E | Industry P/E | ROE (%) | D/E |
|---|---|---|---|---|---|---|
| Subros | 606.3 | 4,017 | 24.1 | 36.1 | 13.3 | 0.02 |
| TD Power Systems | 609.9 | 23,639 | 86.0 | 43.9 | 22.3 | 0.02 |
| Clean Science and Technology | 705.7 | 8,080 | 34.7 | 35.1 | 14.5 | 0.00 |
On valuation, Subros and Clean Science and Technology trade at a P/E below the industry P/E, while TD Power Systems trades above it, which reflects the growth the market already expects. Readers comparing car cooling, generator and chemical stocks should look at return on equity and debt together, since a high return earned with low debt is easier to sustain.
Why Do Car Cooling, Generator and Chemical Stocks Have a Strong Roadmap in India?
Car cooling, generator and chemical stocks have a strong roadmap in India because rising vehicle production, growing investment in captive and renewable power and steady use of specialty chemicals keep widening the market for these companies.
- Thermal systems. Newer vehicles carry more climate systems.
- Turbo generators. Power plants need reliable generators.
- Performance chemicals. Industry uses advanced chemical inputs.
Why Subros Features Among These Car Cooling, Generator and Chemical Stocks
Among the car cooling, generator and chemical stocks on this list, Subros is a Noida-based maker of automotive air conditioning and thermal systems such as compressors, condensers and evaporators for passenger and commercial vehicles.
Revenue rose from Rs 2,248 crore in FY22 to Rs 3,794 crore in FY26, a compound annual growth rate of 14.0%. Net profit grew from Rs 32.5 crore in FY22 to Rs 166 crore in FY26, which works out to a compound annual growth rate of 50.3%.
In the June 2026 quarter, revenue grew 17.5% year on year to Rs 1,038 crore, while net profit rose 1.7% to Rs 41.5 crore. The company has a return on equity of 13.3%, a debt to equity ratio of 0.02 and a market capitalisation of Rs 4,017 crore. The stock trades at a P/E of 24.1, below the industry P/E of 36.1.
Roadmap: The company benefits from rising air conditioner fitment in new vehicles and demand for thermal management in electric vehicles. Close ties with leading vehicle makers support steady volumes.
What to watch: Follow content per vehicle, electric vehicle thermal orders and new customer additions.
Why TD Power Systems Features Among These Car Cooling, Generator and Chemical Stocks
Among the vehicle aircon, turbine generator and catalyst shares 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 Clean Science and Technology Features Among These Car Cooling, Generator and Chemical Stocks
Among the three companies on this list, Clean Science and Technology makes specialty chemicals including performance chemicals, pharma intermediates and FMCG chemicals using its own catalytic processes.
The company has a return on equity of 14.5%, a debt to equity ratio of 0.00 and a market capitalisation of Rs 8,080 crore. The stock trades at a P/E of 34.7, below the industry P/E of 35.1.
Revenue rose from Rs 715 crore in FY22 to Rs 989 crore in FY26, a compound annual growth rate of 8.5%. Net profit for FY26 was Rs 230 crore, a net margin of 23.2%. In the June 2026 quarter, revenue grew 13.4% year on year to Rs 291 crore, while net profit rose 4.7% to Rs 73.3 crore.
Roadmap: The company uses cleaner, in-house developed processes that give it cost advantages in products such as MEHQ and guaiacol. It is adding new products and capacity, and carries no debt.
What to watch: Watch new product launches and capacity utilisation at its newer plants.
Subros vs TD Power Systems vs Clean Science and Technology on Key Financials
The table below sets the three car cooling, generator and chemical 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 |
|---|---|---|---|---|---|
| Subros | 2,248 | 3,794 | 14.0% | 166 | 4.4% |
| TD Power Systems | 814 | 1,878 | 23.2% | 239 | 12.7% |
| Clean Science and Technology | 715 | 989 | 8.5% | 230 | 23.2% |
TD Power Systems posts the highest return on equity in this group at 22.3%. Subros has the largest FY26 revenue at Rs 3,794 crore, and TD Power Systems shows the fastest revenue growth with a 23.2% compound annual rate. A useful habit with car cooling, generator and chemical stocks is to check each new quarterly result against the capacity plans the company described earlier.
Key Risks to Check Before Investing in Car Cooling, Generator and Chemical Stocks
Every theme carries risks that deserve a check before any decision. For these car cooling, generator and chemical stocks, the main points are: Long-term vehicle aircon, turbine generator and catalyst shares holders usually track revenue growth, margins and cash flow side by side rather than relying on a single ratio.
- Production cycles. Vehicle output can vary with demand.
- Order timing. Project awards can shift between periods.
- Raw material and energy costs. Input prices can move margins in chemicals.
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 car cooling, generator and chemical stocks by market capitalisation, P/E, ROE and growth, and build your own shortlist.
Final Thoughts on Car Cooling, Generator and Chemical Stocks
Car cooling, generator and chemical stocks suit investors who prefer to study business strength before price moves. Subros, TD Power Systems and Clean Science and Technology each have a clear plan to grow. Based on the 11 November 2026 close, Subros trades at Rs 606.3, TD Power Systems at Rs 609.9 and Clean Science and Technology at Rs 705.7.
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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 car cooling, generator and chemical stocks?
Ans. Car cooling, generator and chemical stocks are listed companies that make air conditioning and thermal systems for cars and trucks, make generators for turbines in power, steam and renewable plants, and make performance and pharma chemicals used in many industries. Their earnings depend on vehicle output, power plant orders and chemical demand. This list looks at three of them, Subros, TD Power Systems and Clean Science and Technology, using reported FY22 to FY26 financials and the 11 November 2026 closing prices.
Which car cooling, generator and chemical stocks are covered in this list?
Ans. This list covers Subros, TD Power Systems and Clean Science and Technology. Based on the 11 November 2026 close, Subros traded at Rs 606.3, TD Power Systems at Rs 609.9 and Clean Science and Technology at Rs 705.7. Their return on equity ranges from 13.3% to 22.3%, and their revenue compound annual growth from FY22 to FY26 ranges from 8.5% to 23.2%.
Why do car cooling, generator and chemical stocks have a strong future roadmap in India?
Ans. Car cooling, generator and chemical stocks have a strong roadmap in India because rising vehicle production, growing investment in captive and renewable power and steady use of specialty chemicals keep widening the market for these companies. The main drivers are as follows. Thermal systems. Newer vehicles carry more climate systems. Turbo generators. Power plants need reliable generators. Performance chemicals. Industry uses advanced chemical inputs. Together these factors give the companies on this list a visible path for growth over the coming years.
How has Subros performed financially?
Ans. Revenue rose from Rs 2,248 crore in FY22 to Rs 3,794 crore in FY26, a compound annual growth rate of 14.0%. Net profit grew from Rs 32.5 crore in FY22 to Rs 166 crore in FY26, which works out to a compound annual growth rate of 50.3%. In the June 2026 quarter, revenue grew 17.5% year on year to Rs 1,038 crore, while net profit rose 1.7% to Rs 41.5 crore. The company has a return on equity of 13.3%, a debt to equity ratio of 0.02 and a market capitalisation of Rs 4,017 crore. The stock trades at a P/E of 24.1, below the industry P/E of 36.1. Looking ahead, the company benefits from rising air conditioner fitment in new vehicles and demand for thermal management in electric vehicles. Close ties with leading vehicle makers support steady volumes.
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 Clean Science and Technology performed financially?
Ans. Revenue rose from Rs 715 crore in FY22 to Rs 989 crore in FY26, a compound annual growth rate of 8.5%. Net profit for FY26 was Rs 230 crore, a net margin of 23.2%. In the June 2026 quarter, revenue grew 13.4% year on year to Rs 291 crore, while net profit rose 4.7% to Rs 73.3 crore. The company has a return on equity of 14.5%, a debt to equity ratio of 0.00 and a market capitalisation of Rs 8,080 crore. The stock trades at a P/E of 34.7, below the industry P/E of 35.1. Looking ahead, the company uses cleaner, in-house developed processes that give it cost advantages in products such as MEHQ and guaiacol. It is adding new products and capacity, and carries no debt.
What risks should investors check before buying car cooling, generator and chemical stocks?
Ans. Investors should check a few risks before buying car cooling, generator and chemical stocks. Production cycles. Vehicle output can vary with demand. Order timing. Project awards can shift between periods. Raw material and energy costs. Input prices can move margins in chemicals. 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 car cooling, generator and chemical stocks investment advice?
Ans. No. This article is educational and uses publicly available data as of the 11 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.