3 Power Cable, Smart Meter and Pump Stocks With a Strong Future Roadmap: Universal Cables, HPL Electric & Power and Oswal Pumps
- October 19, 2026
- Posted by: Harsh Piplani
- Category: Best Stocks
Universal Cables Rs 1,449.30, P/E 26.88. HPL Electric Rs 260.50, P/E 18.03. Oswal Pumps Rs 248.40, P/E 8.67. Closing prices of 14 Oct 2026.
Quick Answer
Power cable, smart meter and pump stocks with the clearest long-term roadmaps today include Universal Cables in power cables, railway cables and related products for utilities and industrial customers, HPL Electric in smart meters, switchgear, lighting and wiring products and Oswal Pumps in pumps for agriculture, homes and industry, including solar-powered pumps. FY26 revenue growth was 25.2% at Universal Cables, 6.5% at HPL Electric and 45.6% at Oswal Pumps. P/E stands at 26.88 for Universal Cables (industry 50.85), 18.03 for HPL Electric (industry 47.09) and 8.67 for Oswal Pumps (industry 47.18). 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.
Power cable, smart meter and pump stocks give investors exposure to cables, metering products and pumps used by utilities, farms and industry. Order flow, input costs and margins decide how much of that demand turns into profit.
This list covers three power cable, smart meter and pump stocks: Universal Cables for power cables, railway cables and related products for utilities and industrial customers, HPL Electric & Power for smart meters, switchgear, lighting and wiring products and Oswal Pumps for pumps for agriculture, homes and industry, including solar-powered pumps. Every figure comes from the latest reported financials and the 14 October 2026 market close. Companies without complete current figures were left out.
Click Here – Get Free Investment Predictions
What Are Power Cable, Smart Meter and Pump Stocks?
Power cable, smart meter and pump stocks are shares of companies that make power equipment, run grids or fund projects. Results depend on order flow, network additions and execution, so execution and margins separate the stronger names.
Power Cable, Smart Meter and Pump Stocks at a Glance
The table compares size, valuation, return on equity and debt for the three power cable, smart meter and pump stocks as of the 14 Oct 2026 close.
| Company | CMP (Rs) | Market Cap (Rs Cr) | P/E | Industry P/E | ROE | Debt to Equity |
|---|---|---|---|---|---|---|
| Universal Cables | 1,449.30 | 5,376 | 26.88 | 50.85 | 8.71% | 0.62 |
| HPL Electric & Power | 260.50 | 1,649 | 18.03 | 47.09 | 9.10% | 0.75 |
| Oswal Pumps | 248.40 | 2,911 | 8.67 | 47.18 | 22.36% | 0.14 |
Among electricals and engineering stocks, all three trade at a discount to their industry P/E multiples.
Why Do Power Cable, Smart Meter and Pump Stocks Have a Strong Roadmap in India?
Power cable, smart meter and pump stocks have a strong roadmap in India because grid and railway projects, smart metering rollouts and farm solarisation keep adding orders for these firms. Three drivers stand out.
- Grid and rail projects: Utilities and railways buy power and signalling cables.
- Smart metering: Utilities replace old meters with smart ones.
- Pump demand: Farms and homes buy solar and conventional pumps.
Universal Cables: Power Cable Demand Anchors the Roadmap
Universal Cables’ roadmap rests on power cables, railway cables and related products for utilities and industrial customers, with grid, rail and industrial spending supporting order inflows.
Revenue grew from Rs 1,833.04 crore in FY22 to Rs 3,051.40 crore in FY26, a 66.5% rise, and FY26 revenue was 25.2% higher than FY25. FY26 net profit was Rs 163.11 crore. In Q1 FY27, revenue grew 57.4% to Rs 948.18 crore. Operating margin was 12.28% in FY26 and 14.13% in Q1 FY27 against 13.17% a year earlier.
Debt to equity is 0.62 and return on equity is 8.71%. FY26 operating cash flow was Rs 63.48 crore against capital expenditure of Rs 269.83 crore. Universal Cables paid a dividend of Rs 4.5 per share for FY26, a yield of 0.29%. At a P/E of 26.88 against an industry P/E of 50.85, the stock trades below its industry multiple.
What to watch: Q1 FY27 operating margin was 14.13% against 12.28% for FY26, so margin stability is the figure to follow as volumes grow.
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.
Oswal Pumps: Solar and Agricultural Pumps Anchor the Roadmap
Oswal Pumps’ roadmap rests on pumps for agriculture, homes and industry, including solar-powered pumps, with rising farm electrification and solar pumping demand supporting volumes.
FY26 revenue was Rs 2,085.91 crore, 45.6% higher than FY25. FY26 net profit rose 35.0% to Rs 376.28 crore.
Debt to equity is 0.14 and return on equity is 22.36%. At a P/E of 8.67 against an industry P/E of 47.18, the stock trades below its industry multiple.
What to watch: The P/E of 8.67 against an industry P/E of 47.18 leaves valuation less stretched, so the next quarters’ growth is the figure to follow.
Best Power Cable, Smart Meter and Pump Stocks in India: Universal Cables vs HPL Electric vs Oswal Pumps on Key Financials
Among the best power cable, smart meter and pump stocks in India, Universal Cables ranks second on FY26 revenue growth and the lowest debt to equity; HPL Electric leads on dividend yield; Oswal Pumps leads on FY26 revenue growth and return on equity. The table puts the numbers side by side.
| Metric | Universal Cables | HPL Electric | Oswal Pumps |
|---|---|---|---|
| FY26 revenue (Rs Cr) | 3,051.40 | 1,815.93 | 2,085.91 |
| FY26 revenue growth | 25.2% | 6.5% | 45.6% |
| FY26 net profit (Rs Cr) | 163.11 | 91.25 | 376.28 |
| Return on equity | 8.71% | 9.10% | 22.36% |
| P/E ratio | 26.88 | 18.03 | 8.67 |
| Debt to equity | 0.62 | 0.75 | 0.14 |
| Dividend yield | 0.29% | 0.39% | 0.00% |
Power and engineering earnings follow order flow, network additions and execution, so full-year numbers and quarterly trends together give a better view.
How to Evaluate Power Cable, Smart Meter and Pump Stocks to Buy Before You Invest
A short checklist keeps the research consistent when you screen power cable, smart meter and pump stocks and shortlist power cable, smart meter and pump stocks to buy.
- Compare each stock’s P/E with its industry P/E, which differs by company here.
- Check operating margin, debt and cash flow together.
- 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 power cable, smart meter and pump stocks
Risks to Consider Before Investing in Power Cable, Smart Meter and Pump Stocks
- Order timing: Delays in customer projects can shift revenue between quarters.
- Government spending: Changes in public budgets can affect orders.
- 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 Universal Cables, HPL Electric and Oswal Pumps 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.
The shareholding pattern published every quarter shows whether promoters, mutual funds and foreign investors are raising or trimming their holdings, which adds useful context to the financial numbers.
Spreading money across several sectors and company sizes helps keep a portfolio steady, because each business responds differently to interest rates, commodity prices and consumer demand.
Final Take: Which Stock Has the Strongest Roadmap?
These three electricals and engineering stocks cover cables, meters and pumps. Universal Cables ranks second on FY26 revenue growth and the lowest debt to equity; HPL Electric leads on dividend yield; Oswal Pumps leads on FY26 revenue growth and return on equity.
Across power cable, smart meter and pump 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 power cable, smart meter and pump 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 Power Cable, Smart Meter and Pump Stocks
Which are the best power cable, smart meter and pump stocks in India with a strong roadmap?
Ans. Universal Cables, HPL Electric & Power and Oswal Pumps stand out for their roadmaps in cables, meters and pumps. FY26 revenue growth was 25.2% at Universal Cables, 6.5% at HPL Electric and 45.6% at Oswal Pumps, and return on equity ranges from 8.71% to 22.36%.
Is Universal Cables a good stock to buy now?
Ans. Universal Cables has a debt to equity ratio of 0.62, a return on equity of 8.71% and a P/E of 26.88 against an industry P/E of 50.85. Valuation, order flow and execution move results. This article is not investment advice, so consult a SEBI-registered advisor before deciding.
What is the P/E ratio of Universal Cables, HPL Electric and Oswal Pumps?
Ans. The P/E ratio is 26.88 for Universal Cables (industry 50.85), 18.03 for HPL Electric (industry 47.09) and 8.67 for Oswal Pumps (industry 47.18). All of them trade below the industry multiple.
Which of these power cable, smart meter and pump stocks has the highest return on equity?
Ans. Oswal Pumps has the highest return on equity at 22.36%, followed by HPL Electric & Power at 9.10% and Universal Cables at 8.71%.
What are the risks of investing in power cable, smart meter and pump stocks?
Ans. The main risks are order timing, government spending and quarterly trends. Delays in customer projects can shift revenue between quarters.
How did Universal Cables, HPL Electric and Oswal Pumps perform in Q1 FY27?
Ans. Universal Cables reported revenue of Rs 948.18 crore, up 57.4% year on year. 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. Oswal Pumps reported .
Do power cable, smart meter and pump stocks pay dividends?
Ans. Universal Cables and HPL Electric pay dividends. The dividend yield is 0.29% for Universal Cables and 0.39% for HPL Electric, based on dividends declared for FY26.
How can I invest in power cable, smart meter and pump stocks in India?
Ans. You can buy power cable, smart meter and pump 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.
