Buy, Sell Or Hold: Siemens, ABB India, CG Power and Industrial Solutions, Hitachi Energy India, BHEL — Analyst Forecast
- September 23, 2026
- Posted by: Ankit Jaiswal
- Category: Market
Sector Snapshot (23 September 2026)
| Stock | LTP (Rs) | 52W High | 52W Low | P/E vs Industry | ROE | Our View |
|---|---|---|---|---|---|---|
| Siemens | 3,886.00 | 4,149.40 | 2,826.00 | 42.01 / 47.74 | 17.15% | Buy on Dips |
| ABB India | 7,120.00 | 7,924.50 | 4,637.50 | 50.55 / 47.74 | 16.50% | Hold |
| CG Power and Industrial Solutions | 895.00 | 980.90 | 525.50 | 113.72 / 47.74 | 15.13% | Hold |
| Hitachi Energy India | 31,150.00 | 38,785.00 | 16,104.00 | 121.55 / 57.79 | 19.09% | Hold |
| BHEL | 423.10 | 446.50 | 220.10 | 60.98 / 47.74 | 6.12% | Avoid / High Risk |
Quick Answer
Siemens is the standout among these electrical equipment stocks, the only name trading below the industry average valuation while posting healthy return on equity. ABB India, CG Power and Industrial Solutions and Hitachi Energy India all carry rich to extremely rich multiples that still reflect strong underlying profitability, keeping them in hold territory. BHEL stands apart with the weakest return on equity in this group at a valuation still above the industry average.
India’s electrical equipment makers supply transformers, switchgear, motors and power transmission systems, businesses riding the country’s grid modernisation and capex cycle. This piece checks five listed electrical equipment stocks on valuation and profitability.
Click Here – Get Free Investment Predictions
Siemens: Buy on Dips
Siemens trades at Rs 3,886.00, down close to 6% from its 52-week high of Rs 4,149.40. It is the only name in this group trading below the industry average, at a price-to-earnings ratio of 42.01 against 47.74, while posting a healthy return on equity of 17.15% and an almost debt-free balance sheet. That combination of a relative discount and solid profitability makes it the more attractive of these electrical equipment stocks to accumulate on dips.
ABB India: Hold
ABB India is at Rs 7,120.00, down about 10% from its 52-week high of Rs 7,924.50. It posts a return on equity of 16.50% with a price-to-earnings ratio of 50.55, modestly above the industry average of 47.74. There is nothing alarming here, but the valuation leaves little room for a fresh buy, which makes this a hold.
CG Power and Industrial Solutions: Hold
CG Power and Industrial Solutions trades at Rs 895.00, down close to 9% from its 52-week high of Rs 980.90. It posts a solid return on equity of 15.13%, but its price-to-earnings ratio of 113.72 is more than double the industry average of 47.74. The strong turnaround story is real, but with the valuation already pricing in a lot of future growth, this looks like a hold rather than a fresh buy.
Hitachi Energy India: Hold
Hitachi Energy India is at Rs 31,150.00, down close to 20% from its 52-week high of Rs 38,785.00. It combines a healthy return on equity of 19.09% with a price-to-earnings ratio of 121.55, more than double the industry average of 57.79. Strong demand for power transformers and grid equipment keeps the stock in favour, but the rich multiple keeps this in hold territory rather than a name to chase.
BHEL: Avoid / High Risk
BHEL trades at Rs 423.10, down close to 5% from its 52-week high of Rs 446.50. Its price-to-earnings ratio of 60.98 sits above the industry average of 47.74, while its return on equity of just 6.12% is the weakest in this group by a wide margin. That gap between a full valuation and weak profitability puts this in high-risk territory rather than a name to add to.
Explore Univest’s stock screener to compare electrical equipment stocks on your own filters
What Ties These Electrical Equipment Stocks Together
Across these electrical equipment stocks, Siemens stands out as the one name trading below the industry average while ABB India, CG Power and Industrial Solutions and Hitachi Energy India all carry rich valuations that are at least partly backed by strong return on equity. BHEL is the clear outlier, combining a fuller valuation with the weakest profitability in the group. India’s grid capex cycle, order inflows and raw material costs can all move these numbers meaningfully from one quarter to the next.
Track live prices for these electrical equipment stocks anytime with the Univest iOS App and Univest Android App
Conclusion
Electrical equipment stocks in India are broadly priced for continued strong demand, with most names carrying valuations above their industry average. Siemens currently looks best placed for gradual accumulation among these electrical equipment stocks, ABB India, CG Power and Industrial Solutions and Hitachi Energy India are reasonable holds given their strong but fully priced profitability, and BHEL’s weak returns keep it in higher-risk territory. As always, treat this as a starting point rather than a final word.
Disclaimer: This article is for informational and educational purposes only and does not constitute investment advice, a recommendation, or an offer to buy or sell any security. Stock market investments are subject to market risks. Please verify all data independently and consult a SEBI-registered investment adviser before making any investment decisions. Univest Financial Services Private Limited, SEBI Registered Investment Adviser, Registration No. INH000013776.
Frequently Asked Questions
A few common questions on these electrical equipment stocks, answered briefly below for quick reference on this electrical equipment stocks basket.
Which electrical equipment stocks look attractive right now?
Siemens is the only name among these electrical equipment stocks trading below the industry average valuation while posting healthy return on equity, making it the more attractive pick to accumulate on dips.
Why does Hitachi Energy India trade at such a high valuation?
Hitachi Energy India’s strong demand for transformers and grid equipment, along with a healthy 19.09% return on equity, has led the market to price it at more than double the industry average, though this keeps it in hold rather than buy territory.
Is BHEL a good buy after its correction?
BHEL’s return on equity of 6.12% is the weakest among these electrical equipment stocks, and its valuation still sits above the industry average, which is why it is flagged as high risk rather than a value opportunity despite the pullback.
Does CG Power and Industrial Solutions carry much debt?
No, CG Power and Industrial Solutions has a very low debt-to-equity ratio of 0.01, though its price-to-earnings ratio remains the richest among these electrical equipment stocks after BHEL and Hitachi Energy India.
How does India’s grid capex cycle affect these stocks?
Higher government and private investment in power transmission and grid modernisation directly drives order books for transformer and switchgear makers like Siemens, ABB India and Hitachi Energy India, which is a key reason their valuations have re-rated in recent years.
Where can I track these electrical equipment stocks in real time?
You can track live prices, set price alerts, and follow quarterly results for Siemens, ABB India, CG Power and Industrial Solutions, Hitachi Energy India and BHEL using the Univest iOS App and Univest Android App.
