3 High-Voltage Cable Maker, Power and Industrial Cables Supplier and Transformer and Motor Manufacturer Stocks With a Strong Future Roadmap: Universal Cables, KEI Industries and CG Power and Industrial Solutions
- October 26, 2026
- Posted by: Ankit Jaiswal
- Category: Best Stocks
Universal Cables, KEI Industries and CG Power and Industrial Solutions: ROE of 8.7% to 15.1% and FY22 to FY26 revenue CAGR of 13.6% to 23.1%. Prices as of 23 Oct 2026.
Quick Answer
The three high-voltage cable and power equipment stocks to watch are Universal Cables, KEI Industries and CG Power and Industrial Solutions. Their return on equity ranges from 8.7% to 15.1%, and their revenue compound annual growth from FY22 to FY26 ranges from 13.6% to 23.1%. CG Power and Industrial Solutions leads on both return on equity at 15.1% and revenue growth at 23.1% a year. Prices are based on the 23 October 2026 close, and this article is educational, not investment advice.
High-voltage cable and power equipment stocks let investors follow suppliers that carry and manage electricity across the grid. Universal Cables, KEI Industries and CG Power and Industrial Solutions cover a high-voltage cable maker, a power and industrial cables supplier and a transformer and motor manufacturer.
This list covers three high-voltage cable and power equipment stocks with complete current figures: Universal Cables, KEI Industries and CG Power and Industrial Solutions. Every figure comes from the latest reported financials and the 23 October 2026 market close. Companies without complete current figures were left out.
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What Are High-voltage Cable and Power Equipment Stocks?
High-voltage cable and power equipment stocks are listed companies that make extra-high-voltage cables, power cables, transformers, motors and drives. Their earnings depend on utility orders, grid spending, industrial demand and metal costs.
High-voltage Cable and Power Equipment Stocks at a Glance
| Company | CMP (Rs) | Market Cap (Rs Cr) | P/E | Industry P/E | ROE (%) | D/E |
|---|---|---|---|---|---|---|
| Universal Cables | 1,319.5 | 4,567 | 22.8 | 37.5 | 8.7 | 0.62 |
| KEI Industries | 3,725 | 42,514 | 42.6 | 45.1 | 13.8 | 0.04 |
| CG Power and Industrial Solutions | 813.35 | 134,561 | 108.5 | 43.9 | 15.1 | 0.01 |
On valuation, Universal Cables and KEI Industries trade at a P/E below the industry P/E, while CG Power and Industrial Solutions trades above it, which reflects the growth the market already expects. Readers comparing high-voltage cable and power equipment 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 high-voltage cable and power equipment stocks can use the coming numbers to test whether growth is holding.
Why Do High-voltage Cable and Power Equipment Stocks Have a Strong Roadmap in India?
High-voltage cable and power equipment stocks have a strong roadmap in India because grid upgrades, new power capacity and factory expansion are driving demand for cables and electrical equipment.
- Grid upgrades. Transmission projects need high-voltage cables and transformers.
- Industrial capital spending. New plants need motors and drives.
- Renewable links. Solar and wind sites need cables to connect to the grid.
Why Universal Cables Features Among These High-voltage Cable and Power Equipment Stocks
Among the high-voltage cable and power equipment stocks on this list, Universal Cables is a Madhya Pradesh-based manufacturer of power, control and extra-high-voltage cables that supplies power utilities, railways and industrial customers.
Revenue rose from Rs 1,833 crore in FY22 to Rs 3,051 crore in FY26, a compound annual growth rate of 13.6%. Net profit grew from Rs 74.9 crore in FY22 to Rs 163 crore in FY26, which works out to a compound annual growth rate of 21.5%.
In the June 2026 quarter, revenue grew 57.4% year on year to Rs 948 crore, while net profit rose 108.7% to Rs 70.1 crore. The company has a return on equity of 8.7%, a debt to equity ratio of 0.62 and a market capitalisation of Rs 4,567 crore. The stock trades at a P/E of 22.8, below the industry P/E of 37.5.
Roadmap: The company benefits from grid expansion and transmission upgrades that need high-voltage cables. Long approvals with utilities give it an established position in this niche.
What to watch: Track order inflows from utilities, copper costs and progress on capacity expansion.
Why KEI Industries Features Among These High-voltage Cable and Power Equipment Stocks
Among the transmission cable maker shares on this list, KEI Industries makes power cables, house wires, and extra high voltage cables, and also offers engineering, procurement and construction services for power projects.
In the June 2026 quarter, revenue grew 21.9% year on year to Rs 3,205 crore, while net profit rose 40.0% to Rs 274 crore. Revenue rose from Rs 5,742 crore in FY22 to Rs 11,906 crore in FY26, a compound annual growth rate of 20.0%.
Net profit grew from Rs 376 crore in FY22 to Rs 918 crore in FY26, which works out to a compound annual growth rate of 25.0%. The company has a return on equity of 13.8%, a debt to equity ratio of 0.04 and a market capitalisation of Rs 42,514 crore. The stock trades at a P/E of 42.6, below the industry P/E of 45.1.
Roadmap: The company benefits from the demand for cables in power transmission, housing and industrial projects, and is expanding capacity to meet it. Rising exports and the shift to branded wires add further growth drivers.
What to watch: Check the capacity additions and the share of the retail business in revenue.
Why CG Power and Industrial Solutions Features Among These High-voltage Cable and Power Equipment Stocks
Among the three companies on this list, CG Power and Industrial Solutions makes transformers, motors, switchgear, drives and railway equipment for utilities, industry and railways, and has also entered semiconductor packaging.
The company has a return on equity of 15.1%, a debt to equity ratio of 0.01 and a market capitalisation of Rs 134,561 crore. The stock trades at a P/E of 108.5, above the industry P/E of 43.9.
Revenue rose from Rs 5,521 crore in FY22 to Rs 12,662 crore in FY26, a compound annual growth rate of 23.1%. Net profit grew from Rs 630 crore in FY22 to Rs 1,197 crore in FY26, which works out to a compound annual growth rate of 17.4%. In the June 2026 quarter, revenue grew 15.8% year on year to Rs 3,364 crore, while net profit rose 15.5% to Rs 308 crore.
Roadmap: The company is growing in power systems and industrial systems on the back of grid expansion and factory investment. It has built an outsourced semiconductor assembly and test plant, which opens a new technology line.
What to watch: Monitor the ramp-up of its semiconductor facility and order intake in power systems.
Universal Cables vs KEI Industries vs CG Power and Industrial Solutions on Key Financials
The table below sets the three high-voltage cable and power equipment 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 |
|---|---|---|---|---|---|
| Universal Cables | 1,833 | 3,051 | 13.6% | 163 | 5.3% |
| KEI Industries | 5,742 | 11,906 | 20.0% | 918 | 7.7% |
| CG Power and Industrial Solutions | 5,521 | 12,662 | 23.1% | 1,197 | 9.5% |
CG Power and Industrial Solutions posts the highest return on equity in this group at 15.1%. CG Power and Industrial Solutions combines the largest FY26 revenue at Rs 12,662 crore with the fastest revenue growth, a 23.1% compound annual rate. A useful habit with high-voltage cable and power equipment stocks is to check each new quarterly result against the capacity plans the company described earlier.
The June 2026 quarter, the latest reported, gives a fresh read on momentum:
| Company | Q1 FY26 Revenue (Rs Cr) | Q1 FY27 Revenue (Rs Cr) | Year-on-Year Growth |
|---|---|---|---|
| Universal Cables | 603 | 948 | 57.4% |
| KEI Industries | 2,630 | 3,205 | 21.9% |
| CG Power and Industrial Solutions | 2,906 | 3,364 | 15.8% |
Key Risks to Check Before Investing in High-voltage Cable and Power Equipment Stocks
Every theme carries risks that deserve a check before any decision. For these high-voltage cable and power equipment stocks, the main points are: Long-term transmission cable maker shares holders usually track revenue growth, margins and cash flow side by side rather than relying on a single ratio.
- Order timing. Utility orders can shift between quarters.
- Metal costs. Copper and aluminium prices affect margins.
- 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 high-voltage cable and power equipment stocks by market capitalisation, P/E, ROE and growth, and build your own shortlist.
Final Thoughts on High-voltage Cable and Power Equipment Stocks
High-voltage cable and power equipment stocks reward investors who follow utility orders, grid spending and margins together. Universal Cables, KEI Industries and CG Power and Industrial Solutions each serve a growing power need. Based on the 23 October 2026 close, Universal Cables trades at Rs 1,319.5, KEI Industries at Rs 3,725 and CG Power and Industrial Solutions at Rs 813.35. Valuation matters as much as growth, so compare each company’s P/E with its industry P/E before adding any of these high-voltage cable and power equipment 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 high-voltage cable and power equipment stocks?
Ans. High-voltage cable and power equipment stocks are listed companies that make extra-high-voltage cables, power cables, transformers, motors and drives. Their earnings depend on utility orders, grid spending, industrial demand and metal costs. This list looks at three of them, Universal Cables, KEI Industries and CG Power and Industrial Solutions, using reported FY22 to FY26 financials and the 23 October 2026 closing prices.
Which high-voltage cable and power equipment stocks are covered in this list?
Ans. This list covers Universal Cables, KEI Industries and CG Power and Industrial Solutions. Based on the 23 October 2026 close, Universal Cables traded at Rs 1,319.5, KEI Industries at Rs 3,725 and CG Power and Industrial Solutions at Rs 813.35. Their return on equity ranges from 8.7% to 15.1%, and their revenue compound annual growth from FY22 to FY26 ranges from 13.6% to 23.1%.
Why do high-voltage cable and power equipment stocks have a strong future roadmap in India?
Ans. High-voltage cable and power equipment stocks have a strong roadmap in India because grid upgrades, new power capacity and factory expansion are driving demand for cables and electrical equipment. The main drivers are as follows. Grid upgrades. Transmission projects need high-voltage cables and transformers. Industrial capital spending. New plants need motors and drives. Renewable links. Solar and wind sites need cables to connect to the grid. Together these factors give the companies on this list a visible path for growth over the coming years.
How has Universal Cables performed financially?
Ans. Revenue rose from Rs 1,833 crore in FY22 to Rs 3,051 crore in FY26, a compound annual growth rate of 13.6%. Net profit grew from Rs 74.9 crore in FY22 to Rs 163 crore in FY26, which works out to a compound annual growth rate of 21.5%. In the June 2026 quarter, revenue grew 57.4% year on year to Rs 948 crore, while net profit rose 108.7% to Rs 70.1 crore. The company has a return on equity of 8.7%, a debt to equity ratio of 0.62 and a market capitalisation of Rs 4,567 crore. The stock trades at a P/E of 22.8, below the industry P/E of 37.5. Looking ahead, the company benefits from grid expansion and transmission upgrades that need high-voltage cables. Long approvals with utilities give it an established position in this niche.
How has KEI Industries performed financially?
Ans. Revenue rose from Rs 5,742 crore in FY22 to Rs 11,906 crore in FY26, a compound annual growth rate of 20.0%. Net profit grew from Rs 376 crore in FY22 to Rs 918 crore in FY26, which works out to a compound annual growth rate of 25.0%. In the June 2026 quarter, revenue grew 21.9% year on year to Rs 3,205 crore, while net profit rose 40.0% to Rs 274 crore. The company has a return on equity of 13.8%, a debt to equity ratio of 0.04 and a market capitalisation of Rs 42,514 crore. The stock trades at a P/E of 42.6, below the industry P/E of 45.1. Looking ahead, the company benefits from the demand for cables in power transmission, housing and industrial projects, and is expanding capacity to meet it. Rising exports and the shift to branded wires add further growth drivers.
How has CG Power and Industrial Solutions performed financially?
Ans. Revenue rose from Rs 5,521 crore in FY22 to Rs 12,662 crore in FY26, a compound annual growth rate of 23.1%. Net profit grew from Rs 630 crore in FY22 to Rs 1,197 crore in FY26, which works out to a compound annual growth rate of 17.4%. In the June 2026 quarter, revenue grew 15.8% year on year to Rs 3,364 crore, while net profit rose 15.5% to Rs 308 crore. The company has a return on equity of 15.1%, a debt to equity ratio of 0.01 and a market capitalisation of Rs 134,561 crore. The stock trades at a P/E of 108.5, above the industry P/E of 43.9. Looking ahead, the company is growing in power systems and industrial systems on the back of grid expansion and factory investment. It has built an outsourced semiconductor assembly and test plant, which opens a new technology line.
What risks should investors check before buying high-voltage cable and power equipment stocks?
Ans. Investors should check a few risks before buying high-voltage cable and power equipment stocks. Order timing. Utility orders can shift between quarters. Metal costs. Copper and aluminium prices affect margins. 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 high-voltage cable and power equipment stocks investment advice?
Ans. No. This article is educational and uses publicly available data as of the 23 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.
