3 Electrical Control and Automation Stocks With a Strong Future Roadmap: HPL Electric & Power, Salzer Electronics and Marine Electricals (India)
- October 12, 2026
- Posted by: Kunal Singla
- Category: Best Stocks
HPL Electric Rs 257.90, P/E 18.03. Salzer Electronics Rs 497.25, P/E 20.12. Marine Electricals Rs 455.65, P/E 98.18. Closing prices of 9 Oct 2026.
Quick Answer
Electrical control and automation stocks with the clearest long-term roadmaps today include HPL Electric in meters, switchgear and lighting, Salzer Electronics in switches and control gear and Marine Electricals in marine and power automation systems. FY26 revenue growth was 6.5% at HPL Electric, 23.6% at Salzer Electronics and 14.5% at Marine Electricals. P/E stands at 18.03 for HPL Electric (industry 47.09), 20.12 for Salzer Electronics (industry 47.09) and 98.18 for Marine Electricals (industry 47.09). Demand cycles, input costs and valuation decide how much of that growth the market keeps paying for, so each company’s risks need equal attention.
Electrical control and automation stocks give investors exposure to the equipment that switches, controls and protects electrical systems. Order books, raw material costs and project timing decide how much of that demand turns into profit.
This list covers three electrical control and automation stocks: HPL Electric & Power for meters, switchgear and lighting, Salzer Electronics for switches and control gear and Marine Electricals (India) for marine and power automation systems. Every figure comes from the latest reported financials and the 9 October 2026 market close. Companies without complete current figures were left out.
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What Are Electrical Control and Automation Stocks?
Electrical control and automation stocks are shares of companies that make meters, control components and automation systems. Results depend on order books, raw material costs and project timing, so order books and margins separate the stronger names.
Electrical Control and Automation Stocks at a Glance
The table compares size, valuation, return on equity and debt for the three electrical control and automation stocks as of the 9 Oct 2026 close.
| Company | CMP (Rs) | Market Cap (Rs Cr) | P/E | Industry P/E | ROE | Debt to Equity |
|---|---|---|---|---|---|---|
| HPL Electric & Power | 257.90 | 1,649 | 18.03 | 47.09 | 9.10% | 0.75 |
| Salzer Electronics | 497.25 | 903 | 20.12 | 47.09 | 8.93% | 0.90 |
| Marine Electricals (India) | 455.65 | 6,334 | 98.18 | 47.09 | 11.84% | 0.18 |
Among electrical equipment stocks, Marine Electricals trades at a premium to the industry P/E, while HPL Electric and Salzer Electronics trade at a discount.
Why Do Electrical Control and Automation Stocks Have a Strong Roadmap in India?
Electrical control and automation stocks have a strong roadmap in India because grid upgrades, smart meters, shipbuilding and industrial automation keep adding orders for electrical suppliers. Three drivers stand out.
- Grid upgrades: Utilities spend on meters and protection equipment.
- Automation: Factories and shipyards add control systems as they modernise.
- Import substitution: Local makers replace imported parts.
HPL Electric & Power: Smart Meters and Switchgear Anchor the Roadmap
HPL Electric’s roadmap rests on smart meters, switchgear, lighting and wiring products, with the smart meter rollout supporting orders.
Revenue grew from Rs 1,018.15 crore in FY22 to Rs 1,815.93 crore in FY26, a 78.4% rise, and FY26 revenue was 6.5% higher than FY25. FY26 net profit was Rs 91.25 crore. In Q1 FY27, revenue grew 34.7% to Rs 517.40 crore, and net profit rose 1.1% to Rs 18.69 crore. Operating margin was 15.51% in FY26.
Debt to equity is 0.75 and return on equity is 9.10%. FY26 operating cash flow was Rs 226.48 crore against capital expenditure of Rs 182.81 crore. HPL Electric paid a dividend of Rs 1 per share for FY26, a yield of 0.39%. At a P/E of 18.03 against an industry P/E of 47.09, the stock trades below its industry multiple.
What to watch: The P/E of 18.03 against an industry P/E of 47.09 leaves valuation less stretched, so the next quarters’ growth is the figure to follow.
Salzer Electronics: Electrical Components Build the Next Leg
Salzer Electronics’ roadmap rests on electrical and electronic components such as switches, control gear and cables for industrial and power customers, with a broad product range supporting revenue.
Revenue grew from Rs 806.02 crore in FY22 to Rs 1,759.87 crore in FY26, a 118.3% rise, and FY26 revenue was 23.6% higher than FY25. FY26 net profit rose 4.8% to Rs 55.01 crore. Over four years, net profit rose from Rs 24.20 crore in FY22 to Rs 55.01 crore. In Q1 FY27, revenue grew 12.8% to Rs 498.43 crore. Operating margin was 8.45% in FY26.
Debt to equity is 0.90 and return on equity is 8.93%. FY26 operating cash flow was Rs 46.48 crore against capital expenditure of Rs 59.00 crore. Salzer Electronics paid a dividend of Rs 2.5 per share for FY26, a yield of 0.49%. At a P/E of 20.12 against an industry P/E of 47.09, the stock trades below its industry multiple.
What to watch: Net profit margin is only 3.1%, so small cost changes move earnings.
Marine Electricals (India): Marine and Power Automation Drive the Pipeline
Marine Electricals’ roadmap rests on electrical and automation systems for shipbuilding, power, defence and railway projects, with naval, shipyard and infrastructure programmes supporting the order book.
Revenue grew from Rs 381.18 crore in FY22 to Rs 893.22 crore in FY26, a 134.3% rise, and FY26 revenue was 14.5% higher than FY25. FY26 net profit rose 53.8% to Rs 58.62 crore. Over four years, net profit rose from Rs 13.28 crore in FY22 to Rs 58.62 crore. In Q1 FY27, revenue grew 53.0% to Rs 263.46 crore, and net profit rose 50.9% to Rs 17.51 crore. Operating margin was 12.49% in FY26.
Debt to equity is 0.18 and return on equity is 11.84%. Marine Electricals paid a dividend of Rs 0.3 per share for FY26, a yield of 0.07%. At a P/E of 98.18 against an industry P/E of 47.09, the stock trades above its industry multiple.
What to watch: The P/E of 98.18 sits above the industry P/E of 47.09, so earnings delivery matters for the valuation.
Best Electrical Control and Automation Stocks in India: HPL Electric vs Salzer Electronics vs Marine Electricals on Key Financials
Among the best electrical control and automation stocks in India, HPL Electric leads on FY26 operating margin and the lowest P/E; Salzer Electronics leads on FY26 revenue growth and dividend yield; Marine Electricals leads on Q1 FY27 revenue growth and return on equity. The table puts the numbers side by side.
| Metric | HPL Electric | Salzer Electronics | Marine Electricals |
|---|---|---|---|
| FY26 revenue (Rs Cr) | 1,815.93 | 1,759.87 | 893.22 |
| FY26 revenue growth | 6.5% | 23.6% | 14.5% |
| FY26 net profit (Rs Cr) | 91.25 | 55.01 | 58.62 |
| FY26 operating profit margin | 15.51% | 8.45% | 12.49% |
| Q1 FY27 revenue growth (YoY) | 34.7% | 12.8% | 53.0% |
| Return on equity | 9.10% | 8.93% | 11.84% |
| P/E ratio | 18.03 | 20.12 | 98.18 |
| Debt to equity | 0.75 | 0.90 | 0.18 |
| Dividend yield | 0.39% | 0.49% | 0.07% |
Electrical company earnings follow order books, raw material costs and project timing, so full-year numbers and quarterly trends together give a better view.
How to Evaluate Electrical Control and Automation Stocks to Buy Before You Invest
A short checklist keeps the research consistent when you screen electrical control and automation stocks and shortlist electrical control and automation stocks to buy.
- Compare each stock’s P/E with its industry P/E, which is 47.09 for all three here.
- Check the order book and margin stability through copper and aluminium cycles.
- Check whether revenue growth is turning into profit growth, not only sales.
- Read operating cash flow against capital expenditure to see how growth is funded.
- Watch debt to equity and interest cover before sizing a position.
- Spread exposure across companies and business lines instead of one demand cycle.
Check the Univest Screener for live data on these electrical control and automation stocks
Risks to Consider Before Investing in Electrical Control and Automation Stocks
- Valuation: Marine Electricals trades at 98.18 times earnings against an industry multiple of 47.09.
- Raw material prices: Copper and aluminium swings can affect margins.
- Tender timing: Utility and shipyard orders can arrive unevenly.
- Quarterly trends: A single weak quarter can change near-term earnings, so track results every quarter.
Download the Univest iOS App or Univest Android App to track HPL Electric, Salzer Electronics and Marine Electricals live.
Annual reports and quarterly result presentations are the most reliable places to verify the numbers quoted here, because they show segment details, management commentary and the notes behind each figure.
Comparing a quarter with the same quarter of the previous year gives a cleaner reading than comparing it with the preceding quarter, since seasonal patterns affect many businesses in India.
Final Take: Which Stock Has the Strongest Roadmap?
These three electrical equipment stocks cover meters, control components and marine and power automation. HPL Electric leads on FY26 operating margin and the lowest P/E; Salzer Electronics leads on FY26 revenue growth and dividend yield; Marine Electricals leads on Q1 FY27 revenue growth and return on equity.
Across electrical control and automation stocks, each roadmap still has to turn growth into steady profit, so independent research and position sizing matter. Investors should consult a SEBI-registered advisor before acting on any of the electrical control and automation stocks to buy discussed here.
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).
FAQs on Electrical Control and Automation Stocks
Which are the best electrical control and automation stocks in India with a strong roadmap?
Ans. HPL Electric & Power, Salzer Electronics and Marine Electricals (India) stand out for their roadmaps in meters, control components and marine and power automation. FY26 revenue growth was 6.5% at HPL Electric, 23.6% at Salzer Electronics and 14.5% at Marine Electricals, and return on equity ranges from 8.93% to 11.84%.
Is HPL Electric & Power a good stock to buy now?
Ans. HPL Electric & Power has a debt to equity ratio of 0.75, a return on equity of 9.10% and a P/E of 18.03 against an industry P/E of 47.09. Valuation, raw material costs and order timing move results. This article is not investment advice, so consult a SEBI-registered advisor before deciding.
What is the P/E ratio of HPL Electric, Salzer Electronics and Marine Electricals?
Ans. The P/E ratio is 18.03 for HPL Electric (industry 47.09), 20.12 for Salzer Electronics (industry 47.09) and 98.18 for Marine Electricals (industry 47.09). Only Marine Electricals trades at or above the industry multiple.
Which of these electrical control and automation stocks has the highest return on equity?
Ans. Marine Electricals (India) has the highest return on equity at 11.84%, followed by HPL Electric & Power at 9.10% and Salzer Electronics at 8.93%.
What are the risks of investing in electrical control and automation stocks?
Ans. The main risks are valuation, raw material prices, tender timing and quarterly trends. Marine Electricals trades at 98.18 times earnings against an industry multiple of 47.09.
How did HPL Electric, Salzer Electronics and Marine Electricals perform in Q1 FY27?
Ans. HPL Electric & Power reported revenue of Rs 517.40 crore, up 34.7% year on year, and net profit rose 1.1% to Rs 18.69 crore. Salzer Electronics reported revenue of Rs 498.43 crore, up 12.8% year on year. Marine Electricals (India) reported revenue of Rs 263.46 crore, up 53.0% year on year, and net profit rose 50.9% to Rs 17.51 crore.
Do electrical control and automation stocks pay dividends?
Ans. Yes, all three companies pay dividends. The dividend yield is 0.39% for HPL Electric, 0.49% for Salzer Electronics and 0.07% for Marine Electricals, based on dividends declared for FY26.
How can I invest in electrical control and automation stocks in India?
Ans. You can buy electrical control and automation stocks through a demat and trading account on NSE or BSE after checking each company’s financials, margins and valuation. The Univest Screener lets you compare fundamentals before placing an order. Investments in securities are subject to market risk, so consider your risk profile first.
