3 CNC Machines Maker, Industrial Gears and Material Handling Maker and Power Towers and Polymer Pipes Maker Stocks With a Strong Future Roadmap: Jyoti CNC Automation, Elecon Engineering and Skipper
- November 2, 2026
- Posted by: Neeraj Pandey
- Category: Best Stocks
Jyoti CNC Automation, Elecon Engineering and Skipper: ROE of 12.4% to 16.8% and FY22 to FY26 revenue CAGR of 19.0% to 34.3%. Prices as of 30 Oct 2026.
Quick Answer
The three CNC machine, gear and tower maker stocks to watch are Jyoti CNC Automation, Elecon Engineering and Skipper. Their return on equity ranges from 12.4% to 16.8%, and their revenue compound annual growth from FY22 to FY26 ranges from 19.0% to 34.3%. Jyoti CNC Automation has the highest return on equity at 16.8%, while Skipper has the fastest revenue growth at 34.3% a year. Prices are based on the 30 October 2026 close, and this article is educational, not investment advice.
CNC machine, gear and tower maker stocks offer a focused view of a sector where demand keeps widening. Jyoti CNC Automation, Elecon Engineering and Skipper cover a CNC machines maker, an industrial gears and material handling maker and a power towers and polymer pipes maker.
This list covers three CNC machine, gear and tower maker stocks with complete current figures: Jyoti CNC Automation, Elecon Engineering and Skipper. Every figure comes from the latest reported financials and the 30 October 2026 market close. Companies without complete current figures were left out.
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What Are CNC Machine, Gear and Tower Maker Stocks?
CNC machine, gear and tower maker stocks are listed companies that build computer numerical control machines, make industrial gears and material handling equipment, and produce transmission towers, poles and polymer pipes. Their earnings depend on factory automation, capital spending and order books.
CNC Machine, Gear and Tower Maker Stocks at a Glance
| Company | CMP (Rs) | Market Cap (Rs Cr) | P/E | Industry P/E | ROE (%) | D/E |
|---|---|---|---|---|---|---|
| Jyoti CNC Automation | 905.6 | 22,175 | 68.9 | 44.4 | 16.8 | 0.43 |
| Elecon Engineering | 419.75 | 9,361 | 38.3 | 41.5 | 12.4 | 0.14 |
| Skipper | 492.5 | 5,800 | 25.8 | 44.4 | 14.3 | 0.64 |
On valuation, Elecon Engineering and Skipper trade at a P/E below the industry P/E, while Jyoti CNC Automation trades above it, which reflects the growth the market already expects. Readers comparing CNC machine, gear and tower maker stocks should look at return on equity and debt together, since a high return earned with low debt is easier to sustain.
Why Do CNC Machine, Gear and Tower Maker Stocks Have a Strong Roadmap in India?
CNC machine, gear and tower maker stocks have a strong roadmap in India because growing factory automation, rising capital spending and grid expansion keep widening the market for these capital goods companies.
- Automation. Precision work needs CNC machines.
- Heavy industry. Mills and plants use gears and handling gear.
- Grid and pipes. Towers and pipes serve public works.
Why Jyoti CNC Automation Features Among These CNC Machine, Gear and Tower Maker Stocks
Among the CNC machine, gear and tower maker stocks on this list, Jyoti CNC Automation, based in Rajkot, makes computer numerical control machines, including multi-axis machining centres, for aerospace, defence, auto and general engineering customers.
In the June 2026 quarter, revenue grew 19.0% year on year to Rs 512 crore. Revenue rose from Rs 750 crore in FY22 to Rs 2,154 crore in FY26, a compound annual growth rate of 30.2%.
Net profit grew from Rs 151 crore in FY24 to Rs 336 crore in FY26, which works out to a compound annual growth rate of 49.2%. The company has a return on equity of 16.8%, a debt to equity ratio of 0.43 and a market capitalisation of Rs 22,175 crore. The stock trades at a P/E of 68.9, above the industry P/E of 44.4.
Roadmap: Defence and aerospace manufacturing, along with the shift to precision machining at Indian factories, supports demand for advanced CNC machines. The company has also built a presence in Europe through an acquisition, adding technology and customers abroad.
What to watch: Watch order book trends and how quickly the international business contributes.
Why Elecon Engineering Features Among These CNC Machine, Gear and Tower Maker Stocks
Among the machines and power equipment shares on this list, Elecon Engineering is a Gujarat-based maker of industrial gears and material handling equipment that supplies steel, cement, power, mining and port customers.
The company has a return on equity of 12.4%, a debt to equity ratio of 0.14 and a market capitalisation of Rs 9,361 crore. The stock trades at a P/E of 38.3, below the industry P/E of 41.5.
Revenue rose from Rs 1,221 crore in FY22 to Rs 2,447 crore in FY26, a compound annual growth rate of 19.0%. Net profit grew from Rs 140 crore in FY22 to Rs 341 crore in FY26, which works out to a compound annual growth rate of 24.8%.
Roadmap: The company benefits from steady capital spending in core industries and from export orders for gearboxes. A focus on higher-power gear systems helps it win larger orders.
What to watch: Follow order inflows, export demand and margins in the gear business.
Why Skipper Features Among These CNC Machine, Gear and Tower Maker Stocks
Among the three companies on this list, Skipper is a Kolkata-based maker of power transmission towers and poles and of polymer pipes and fittings, and it also takes on infrastructure projects in India and overseas.
Revenue rose from Rs 1,711 crore in FY22 to Rs 5,563 crore in FY26, a compound annual growth rate of 34.3%. Net profit grew from Rs 25.1 crore in FY22 to Rs 213 crore in FY26, which works out to a compound annual growth rate of 70.6%.
In the June 2026 quarter, revenue grew 4.5% year on year to Rs 1,314 crore, while net profit rose 25.5% to Rs 56.8 crore. The company has a return on equity of 14.3%, a debt to equity ratio of 0.64 and a market capitalisation of Rs 5,800 crore. The stock trades at a P/E of 25.8, below the industry P/E of 44.4.
Roadmap: The company is growing its transmission tower order book and adding polymer pipe capacity, which spreads its earnings across power and water related demand. Grid expansion and housing spending support both businesses.
What to watch: Track tower order inflows, pipe volumes and progress on new capacity.
Jyoti CNC Automation vs Elecon Engineering vs Skipper on Key Financials
The table below sets the three CNC machine, gear and tower maker 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 |
|---|---|---|---|---|---|
| Jyoti CNC Automation | 750 | 2,154 | 30.2% | 336 | 15.6% |
| Elecon Engineering | 1,221 | 2,447 | 19.0% | 341 | 13.9% |
| Skipper | 1,711 | 5,563 | 34.3% | 213 | 3.8% |
Jyoti CNC Automation posts the highest return on equity in this group at 16.8%. Skipper combines the largest FY26 revenue at Rs 5,563 crore with the fastest revenue growth, a 34.3% compound annual rate. A useful habit with CNC machine, gear and tower maker stocks is to check each new quarterly result against the capacity plans the company described earlier.
Key Risks to Check Before Investing in CNC Machine, Gear and Tower Maker Stocks
Every theme carries risks that deserve a check before any decision. For these CNC machine, gear and tower maker stocks, the main points are: Long-term machines and power equipment 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 CNC machine, gear and tower maker stocks by market capitalisation, P/E, ROE and growth, and build your own shortlist.
Final Thoughts on CNC Machine, Gear and Tower Maker Stocks
CNC machine, gear and tower maker stocks reward patient research into demand, execution and financial strength. Jyoti CNC Automation, Elecon Engineering and Skipper each have a clear plan to grow. Based on the 30 October 2026 close, Jyoti CNC Automation trades at Rs 905.6, Elecon Engineering at Rs 419.75 and Skipper at Rs 492.5.
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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 CNC machine, gear and tower maker stocks?
Ans. CNC machine, gear and tower maker stocks are listed companies that build computer numerical control machines, make industrial gears and material handling equipment, and produce transmission towers, poles and polymer pipes. Their earnings depend on factory automation, capital spending and order books. This list looks at three of them, Jyoti CNC Automation, Elecon Engineering and Skipper, using reported FY22 to FY26 financials and the 30 October 2026 closing prices.
Which CNC machine, gear and tower maker stocks are covered in this list?
Ans. This list covers Jyoti CNC Automation, Elecon Engineering and Skipper. Based on the 30 October 2026 close, Jyoti CNC Automation traded at Rs 905.6, Elecon Engineering at Rs 419.75 and Skipper at Rs 492.5. Their return on equity ranges from 12.4% to 16.8%, and their revenue compound annual growth from FY22 to FY26 ranges from 19.0% to 34.3%.
Why do CNC machine, gear and tower maker stocks have a strong future roadmap in India?
Ans. CNC machine, gear and tower maker stocks have a strong roadmap in India because growing factory automation, rising capital spending and grid expansion keep widening the market for these capital goods companies. The main drivers are as follows. Automation. Precision work needs CNC machines. Heavy industry. Mills and plants use gears and handling gear. Grid and pipes. Towers and pipes serve public works. Together these factors give the companies on this list a visible path for growth over the coming years.
How has Jyoti CNC Automation performed financially?
Ans. Revenue rose from Rs 750 crore in FY22 to Rs 2,154 crore in FY26, a compound annual growth rate of 30.2%. Net profit grew from Rs 151 crore in FY24 to Rs 336 crore in FY26, which works out to a compound annual growth rate of 49.2%. In the June 2026 quarter, revenue grew 19.0% year on year to Rs 512 crore. The company has a return on equity of 16.8%, a debt to equity ratio of 0.43 and a market capitalisation of Rs 22,175 crore. The stock trades at a P/E of 68.9, above the industry P/E of 44.4. Looking ahead, defence and aerospace manufacturing, along with the shift to precision machining at Indian factories, supports demand for advanced CNC machines. The company has also built a presence in Europe through an acquisition, adding technology and customers abroad.
How has Elecon Engineering performed financially?
Ans. Revenue rose from Rs 1,221 crore in FY22 to Rs 2,447 crore in FY26, a compound annual growth rate of 19.0%. Net profit grew from Rs 140 crore in FY22 to Rs 341 crore in FY26, which works out to a compound annual growth rate of 24.8%. The company has a return on equity of 12.4%, a debt to equity ratio of 0.14 and a market capitalisation of Rs 9,361 crore. The stock trades at a P/E of 38.3, below the industry P/E of 41.5. Looking ahead, the company benefits from steady capital spending in core industries and from export orders for gearboxes. A focus on higher-power gear systems helps it win larger orders.
How has Skipper performed financially?
Ans. Revenue rose from Rs 1,711 crore in FY22 to Rs 5,563 crore in FY26, a compound annual growth rate of 34.3%. Net profit grew from Rs 25.1 crore in FY22 to Rs 213 crore in FY26, which works out to a compound annual growth rate of 70.6%. In the June 2026 quarter, revenue grew 4.5% year on year to Rs 1,314 crore, while net profit rose 25.5% to Rs 56.8 crore. The company has a return on equity of 14.3%, a debt to equity ratio of 0.64 and a market capitalisation of Rs 5,800 crore. The stock trades at a P/E of 25.8, below the industry P/E of 44.4. Looking ahead, the company is growing its transmission tower order book and adding polymer pipe capacity, which spreads its earnings across power and water related demand. Grid expansion and housing spending support both businesses.
What risks should investors check before buying CNC machine, gear and tower maker stocks?
Ans. Investors should check a few risks before buying CNC machine, gear and tower maker 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 CNC machine, gear and tower maker stocks investment advice?
Ans. No. This article is educational and uses publicly available data as of the 30 October 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.
