3 Engines Maker, Stainless Steel Pipes Maker and Power Line Engineering Company Stocks With a Strong Future Roadmap: Kirloskar Oil Engines, Ratnamani Metals and Tubes and Kalpataru Projects International
- November 2, 2026
- Posted by: Chaitanya Auti
- Category: Best Stocks
Kirloskar Oil Engines, Ratnamani Metals and Tubes and Kalpataru Projects International: ROE of 11.7% to 15.9% and FY22 to FY26 revenue CAGR of 9.8% to 17.7%. Prices as of 30 Oct 2026.
Quick Answer
The three engine, steel pipe and power line builder stocks to watch are Kirloskar Oil Engines, Ratnamani Metals and Tubes and Kalpataru Projects International. Their return on equity ranges from 11.7% to 15.9%, and their revenue compound annual growth from FY22 to FY26 ranges from 9.8% to 17.7%. Kirloskar Oil Engines leads on both return on equity at 15.9% and revenue growth at 17.7% a year. Prices are based on the 30 October 2026 close, and this article is educational, not investment advice.
Engine, steel pipe and power line builder stocks let investors follow companies that serve a growing part of the Indian economy. Kirloskar Oil Engines, Ratnamani Metals and Tubes and Kalpataru Projects International cover a diesel and gas engines maker, a stainless steel pipes maker and a power line engineering company.
This list covers three engine, steel pipe and power line builder stocks with complete current figures: Kirloskar Oil Engines, Ratnamani Metals and Tubes and Kalpataru Projects International. 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 Engine, Steel Pipe and Power Line Builder Stocks?
Engine, steel pipe and power line builder stocks are listed companies that make engines, generator sets and pumps, produce stainless and carbon steel pipes for energy and chemical plants, and build transmission lines and infrastructure projects. Their earnings depend on order books, capital spending and project execution.
Engine, Steel Pipe and Power Line Builder Stocks at a Glance
| Company | CMP (Rs) | Market Cap (Rs Cr) | P/E | Industry P/E | ROE (%) | D/E |
|---|---|---|---|---|---|---|
| Kirloskar Oil Engines | 1,796.1 | 28,722 | 53.7 | 44.4 | 15.9 | 1.48 |
| Ratnamani Metals and Tubes | 2,319.3 | 17,569 | 34.2 | 44.4 | 11.7 | 0.08 |
| Kalpataru Projects International | 1,337.7 | 22,241 | 19.7 | 22.3 | 13.4 | 0.46 |
On valuation, Ratnamani Metals and Tubes and Kalpataru Projects International trade at a P/E below the industry P/E, while Kirloskar Oil Engines trades above it, which reflects the growth the market already expects. Readers comparing engine, steel pipe and power line builder stocks should look at return on equity and debt together, since a high return earned with low debt is easier to sustain. With the Q2 FY27 results season close, investors in engine, steel pipe and power line builder stocks can use the coming numbers to test whether growth is holding.
Why Do Engine, Steel Pipe and Power Line Builder Stocks Have a Strong Roadmap in India?
Engine, steel pipe and power line builder stocks have a strong roadmap in India because rising power backup needs, new energy and process projects and grid expansion keep widening the market for these equipment and project companies.
- Power backup. Engines and gensets serve many sites.
- Process plants. Energy and chemical units need special pipes.
- Grid expansion. Utilities add lines and substations.
Why Kirloskar Oil Engines Features Among These Engine, Steel Pipe and Power Line Builder Stocks
Among the engine, steel pipe and power line builder stocks on this list, Kirloskar Oil Engines, based in Pune, makes diesel and gas engines, generator sets, pumps and power solutions for industrial, farm and infrastructure use.
In the June 2026 quarter, revenue grew 12.1% year on year to Rs 2,015 crore. Revenue rose from Rs 4,049 crore in FY22 to Rs 7,772 crore in FY26, a compound annual growth rate of 17.7%.
Net profit grew from Rs 171 crore in FY22 to Rs 558 crore in FY26, which works out to a compound annual growth rate of 34.4%. The company has a return on equity of 15.9%, a debt to equity ratio of 1.48 and a market capitalisation of Rs 28,722 crore. The stock trades at a P/E of 53.7, above the industry P/E of 44.4.
Roadmap: Backup power demand from data centres, telecom and infrastructure, a growing exports business and new alternative-fuel engines give it several tracks for growth. A large service network helps it hold on to customers across product cycles.
What to watch: Watch order intake from data centres and the pace of new product launches in cleaner fuels.
Why Ratnamani Metals and Tubes Features Among These Engine, Steel Pipe and Power Line Builder Stocks
Among the capital goods and project shares on this list, Ratnamani Metals and Tubes makes stainless steel and carbon steel pipes and tubes for oil and gas, power, chemicals, fertilisers and nuclear applications, selling in India and overseas.
The company has a return on equity of 11.7%, a debt to equity ratio of 0.08 and a market capitalisation of Rs 17,569 crore. The stock trades at a P/E of 34.2, below the industry P/E of 44.4.
Revenue rose from Rs 3,176 crore in FY22 to Rs 4,616 crore in FY26, a compound annual growth rate of 9.8%. Net profit grew from Rs 323 crore in FY22 to Rs 534 crore in FY26, which works out to a compound annual growth rate of 13.4%.
Roadmap: The company is a specialist in demanding tube applications and holds a strong order book across energy and process industries. Capacity additions in welded pipes and a growing export presence extend its reach.
What to watch: Check the size of the order book and its execution through the year.
Why Kalpataru Projects International Features Among These Engine, Steel Pipe and Power Line Builder Stocks
Among the three companies on this list, Kalpataru Projects International is an engineering and construction company that builds power transmission lines, railways, buildings, water pipelines and oil and gas infrastructure in India and abroad.
Revenue rose from Rs 14,866 crore in FY22 to Rs 27,248 crore in FY26, a compound annual growth rate of 16.4%. Net profit grew from Rs 535 crore in FY22 to Rs 1,031 crore in FY26, which works out to a compound annual growth rate of 17.8%.
In the June 2026 quarter, revenue grew 4.8% year on year to Rs 6,485 crore, while net profit rose 45.9% to Rs 312 crore. The company has a return on equity of 13.4%, a debt to equity ratio of 0.46 and a market capitalisation of Rs 22,241 crore. The stock trades at a P/E of 19.7, below the industry P/E of 22.3.
Roadmap: The company is winning larger projects across transmission, railways and urban infrastructure, and it is growing overseas. A diverse order book supports steady execution.
What to watch: Track order book growth, international contracts and working capital discipline.
Kirloskar Oil Engines vs Ratnamani Metals and Tubes vs Kalpataru Projects International on Key Financials
The table below sets the three engine, steel pipe and power line builder 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 |
|---|---|---|---|---|---|
| Kirloskar Oil Engines | 4,049 | 7,772 | 17.7% | 558 | 7.2% |
| Ratnamani Metals and Tubes | 3,176 | 4,616 | 9.8% | 534 | 11.6% |
| Kalpataru Projects International | 14,866 | 27,248 | 16.4% | 1,031 | 3.8% |
Kirloskar Oil Engines posts the highest return on equity in this group at 15.9%. Kalpataru Projects International has the largest FY26 revenue at Rs 27,248 crore, and Kirloskar Oil Engines shows the fastest revenue growth with a 17.7% compound annual rate. A useful habit with engine, steel pipe and power line builder stocks is to check each new quarterly result against the capacity plans the company described earlier. Many investors spread money across several engine, pipe and project stocks instead of one name, which keeps a single result from deciding the outcome.
Key Risks to Check Before Investing in Engine, Steel Pipe and Power Line Builder Stocks
Every theme carries risks that deserve a check before any decision. For these engine, steel pipe and power line builder stocks, the main points are: Long-term capital goods and project 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 engine, steel pipe and power line builder stocks by market capitalisation, P/E, ROE and growth, and build your own shortlist.
Final Thoughts on Engine, Steel Pipe and Power Line Builder Stocks
Engine, steel pipe and power line builder stocks reward investors who follow demand trends, order books and margins together. Kirloskar Oil Engines, Ratnamani Metals and Tubes and Kalpataru Projects International each have a clear plan to grow. Based on the 30 October 2026 close, Kirloskar Oil Engines trades at Rs 1,796.1, Ratnamani Metals and Tubes at Rs 2,319.3 and Kalpataru Projects International at Rs 1,337.7. Valuation matters as much as growth, so compare each company’s P/E with its industry P/E before adding any of these engine, steel pipe and power line builder stocks to a watchlist.
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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 engine, steel pipe and power line builder stocks?
Ans. Engine, steel pipe and power line builder stocks are listed companies that make engines, generator sets and pumps, produce stainless and carbon steel pipes for energy and chemical plants, and build transmission lines and infrastructure projects. Their earnings depend on order books, capital spending and project execution. This list looks at three of them, Kirloskar Oil Engines, Ratnamani Metals and Tubes and Kalpataru Projects International, using reported FY22 to FY26 financials and the 30 October 2026 closing prices.
Which engine, steel pipe and power line builder stocks are covered in this list?
Ans. This list covers Kirloskar Oil Engines, Ratnamani Metals and Tubes and Kalpataru Projects International. Based on the 30 October 2026 close, Kirloskar Oil Engines traded at Rs 1,796.1, Ratnamani Metals and Tubes at Rs 2,319.3 and Kalpataru Projects International at Rs 1,337.7. Their return on equity ranges from 11.7% to 15.9%, and their revenue compound annual growth from FY22 to FY26 ranges from 9.8% to 17.7%.
Why do engine, steel pipe and power line builder stocks have a strong future roadmap in India?
Ans. Engine, steel pipe and power line builder stocks have a strong roadmap in India because rising power backup needs, new energy and process projects and grid expansion keep widening the market for these equipment and project companies. The main drivers are as follows. Power backup. Engines and gensets serve many sites. Process plants. Energy and chemical units need special pipes. Grid expansion. Utilities add lines and substations. Together these factors give the companies on this list a visible path for growth over the coming years.
How has Kirloskar Oil Engines performed financially?
Ans. Revenue rose from Rs 4,049 crore in FY22 to Rs 7,772 crore in FY26, a compound annual growth rate of 17.7%. Net profit grew from Rs 171 crore in FY22 to Rs 558 crore in FY26, which works out to a compound annual growth rate of 34.4%. In the June 2026 quarter, revenue grew 12.1% year on year to Rs 2,015 crore. The company has a return on equity of 15.9%, a debt to equity ratio of 1.48 and a market capitalisation of Rs 28,722 crore. The stock trades at a P/E of 53.7, above the industry P/E of 44.4. Looking ahead, backup power demand from data centres, telecom and infrastructure, a growing exports business and new alternative-fuel engines give it several tracks for growth. A large service network helps it hold on to customers across product cycles.
How has Ratnamani Metals and Tubes performed financially?
Ans. Revenue rose from Rs 3,176 crore in FY22 to Rs 4,616 crore in FY26, a compound annual growth rate of 9.8%. Net profit grew from Rs 323 crore in FY22 to Rs 534 crore in FY26, which works out to a compound annual growth rate of 13.4%. The company has a return on equity of 11.7%, a debt to equity ratio of 0.08 and a market capitalisation of Rs 17,569 crore. The stock trades at a P/E of 34.2, below the industry P/E of 44.4. Looking ahead, the company is a specialist in demanding tube applications and holds a strong order book across energy and process industries. Capacity additions in welded pipes and a growing export presence extend its reach.
How has Kalpataru Projects International performed financially?
Ans. Revenue rose from Rs 14,866 crore in FY22 to Rs 27,248 crore in FY26, a compound annual growth rate of 16.4%. Net profit grew from Rs 535 crore in FY22 to Rs 1,031 crore in FY26, which works out to a compound annual growth rate of 17.8%. In the June 2026 quarter, revenue grew 4.8% year on year to Rs 6,485 crore, while net profit rose 45.9% to Rs 312 crore. The company has a return on equity of 13.4%, a debt to equity ratio of 0.46 and a market capitalisation of Rs 22,241 crore. The stock trades at a P/E of 19.7, below the industry P/E of 22.3. Looking ahead, the company is winning larger projects across transmission, railways and urban infrastructure, and it is growing overseas. A diverse order book supports steady execution.
What risks should investors check before buying engine, steel pipe and power line builder stocks?
Ans. Investors should check a few risks before buying engine, steel pipe and power line builder 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 engine, steel pipe and power line builder 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.