3 Radar and Missile RF Components Maker, Steam Turbines Maker and Power Grid Projects Company Stocks With a Strong Future Roadmap: Astra Microwave Products, Triveni Turbine and Techno Electric & Engineering Company
- October 30, 2026
- Posted by: Ankit Jaiswal
- Category: Best Stocks
Astra Microwave Products, Triveni Turbine and Techno Electric & Engineering Company: ROE of 11.4% to 24.2% and FY22 to FY26 revenue CAGR of 11.8% to 31.0%. Prices as of 29 Oct 2026.
Quick Answer
The three radar part, turbine and grid project stocks to watch are Astra Microwave Products, Triveni Turbine and Techno Electric & Engineering Company. Their return on equity ranges from 11.4% to 24.2%, and their revenue compound annual growth from FY22 to FY26 ranges from 11.8% to 31.0%. Triveni Turbine has the highest return on equity at 24.2%, while Techno Electric & Engineering Company has the fastest revenue growth at 31.0% a year. Prices are based on the 29 October 2026 close, and this article is educational, not investment advice.
Radar part, turbine and grid project stocks offer a focused view of a sector where demand keeps widening. Astra Microwave Products, Triveni Turbine and Techno Electric & Engineering Company cover an RF components maker for radars and missiles, a steam turbines maker and a transmission and distribution projects company.
This list covers three radar part, turbine and grid project stocks with complete current figures: Astra Microwave Products, Triveni Turbine and Techno Electric & Engineering Company. Every figure comes from the latest reported financials and the 29 October 2026 market close. Companies without complete current figures were left out.
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What Are Radar Part, Turbine and Grid Project Stocks?
Radar part, turbine and grid project stocks are listed companies that make microwave parts for radars and missiles, build steam turbines for industry and power plants and execute transmission, distribution, wind and data centre projects. Their earnings depend on order inflows, execution and capital spending.
Radar Part, Turbine and Grid Project Stocks at a Glance
| Company | CMP (Rs) | Market Cap (Rs Cr) | P/E | Industry P/E | ROE (%) | D/E |
|---|---|---|---|---|---|---|
| Astra Microwave Products | 1,578.7 | 15,358 | 81.2 | 48.1 | 14.7 | 0.22 |
| Triveni Turbine | 469.6 | 15,418 | 45.9 | 43.9 | 24.2 | 0.02 |
| Techno Electric & Engineering Company | 850 | 10,943 | 25.4 | 22.7 | 11.4 | 0.02 |
On valuation, all three trade at a P/E above their industry P/E, which reflects the growth the market already expects from them. Readers comparing radar part, turbine and grid project 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 radar part, turbine and grid project stocks can use the coming numbers to test whether growth is holding.
Why Do Radar Part, Turbine and Grid Project Stocks Have a Strong Roadmap in India?
Radar part, turbine and grid project stocks have a strong roadmap in India because defence production plans, industrial power needs and grid and data centre spending keep widening the market for these equipment and project companies.
- Defence orders. Domestic production plans widen the order base.
- Industrial power. Factories need turbines for captive plants.
- Grid spending. New lines and data centres need power projects.
Why Astra Microwave Products Features Among These Radar Part, Turbine and Grid Project Stocks
Among the radar part, turbine and grid project stocks on this list, Astra Microwave Products is a Hyderabad-based maker of microwave and radio frequency components, sub-systems and systems used in radars, missiles, electronic warfare and satellite communication.
Revenue rose from Rs 757 crore in FY22 to Rs 1,181 crore in FY26, a compound annual growth rate of 11.8%. Net profit grew from Rs 37.9 crore in FY22 to Rs 193 crore in FY26, which works out to a compound annual growth rate of 50.2%.
The company has a return on equity of 14.7%, a debt to equity ratio of 0.22 and a market capitalisation of Rs 15,358 crore. The stock trades at a P/E of 81.2, above the industry P/E of 48.1.
Roadmap: The company supplies sub-systems to major defence and space programmes and is moving up from components to complete systems. Its design strength in radio frequency and microwave electronics suits the shift to indigenous radars and missile programmes.
What to watch: Check the timing of large order execution, since quarterly revenue in defence electronics can move with delivery schedules.
Why Triveni Turbine Features Among These Radar Part, Turbine and Grid Project Stocks
Among the defence and power equipment shares on this list, Triveni Turbine designs and manufactures steam turbines up to 100 MW for industrial power, sugar, biomass and waste-to-energy plants, and has a large aftermarket business.
The company has a return on equity of 24.2%, a debt to equity ratio of 0.02 and a market capitalisation of Rs 15,418 crore. The stock trades at a P/E of 45.9, above the industry P/E of 43.9.
Revenue rose from Rs 882 crore in FY22 to Rs 2,258 crore in FY26, a compound annual growth rate of 26.5%. Net profit grew from Rs 270 crore in FY22 to Rs 349 crore in FY26, which works out to a compound annual growth rate of 6.6%. In the June 2026 quarter, revenue grew 19.7% year on year to Rs 471 crore.
Roadmap: Its roadmap includes new product platforms, a rising share of exports and a growing aftermarket franchise that brings recurring revenue. A healthy order book gives visibility into the coming quarters, and a debt-free balance sheet supports expansion.
What to watch: Track order inflows, since turbine deliveries follow orders with a lag.
Why Techno Electric & Engineering Company Features Among These Radar Part, Turbine and Grid Project Stocks
Among the three companies on this list, Techno Electric & Engineering Company builds power transmission and distribution infrastructure and also owns and operates wind power assets and data centre capacity.
Revenue rose from Rs 1,154 crore in FY22 to Rs 3,401 crore in FY26, a compound annual growth rate of 31.0%. Net profit grew from Rs 239 crore in FY22 to Rs 449 crore in FY26, which works out to a compound annual growth rate of 17.0%.
In the June 2026 quarter, revenue grew 14.8% year on year to Rs 659 crore. The company has a return on equity of 11.4%, a debt to equity ratio of 0.02 and a market capitalisation of Rs 10,943 crore. The stock trades at a P/E of 25.4, above the industry P/E of 22.7.
Roadmap: Strong demand for transmission networks and substations supports its engineering order book, while a new data centre platform opens a second growth path. Its operating wind assets add recurring cash flow.
What to watch: Watch the build-out of data centre capacity and the timing of large transmission orders.
Astra Microwave Products vs Triveni Turbine vs Techno Electric & Engineering Company on Key Financials
The table below sets the three radar part, turbine and grid project 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 |
|---|---|---|---|---|---|
| Astra Microwave Products | 757 | 1,181 | 11.8% | 193 | 16.3% |
| Triveni Turbine | 882 | 2,258 | 26.5% | 349 | 15.5% |
| Techno Electric & Engineering Company | 1,154 | 3,401 | 31.0% | 449 | 13.2% |
Triveni Turbine posts the highest return on equity in this group at 24.2%. Techno Electric & Engineering Company combines the largest FY26 revenue at Rs 3,401 crore with the fastest revenue growth, a 31.0% compound annual rate. A useful habit with radar part, turbine and grid project stocks is to check each new quarterly result against the capacity plans the company described earlier.
Key Risks to Check Before Investing in Radar Part, Turbine and Grid Project Stocks
Every theme carries risks that deserve a check before any decision. For these radar part, turbine and grid project stocks, the main points are: Long-term defence 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. Defence and space orders can shift between periods.
- Order timing. Project awards can shift between periods.
- 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 radar part, turbine and grid project stocks by market capitalisation, P/E, ROE and growth, and build your own shortlist.
Final Thoughts on Radar Part, Turbine and Grid Project Stocks
Radar part, turbine and grid project stocks reward patient research into demand, execution and financial strength. Astra Microwave Products, Triveni Turbine and Techno Electric & Engineering Company each have a clear plan to grow. Based on the 29 October 2026 close, Astra Microwave Products trades at Rs 1,578.7, Triveni Turbine at Rs 469.6 and Techno Electric & Engineering Company at Rs 850. Valuation matters as much as growth, so compare each company’s P/E with its industry P/E before adding any of these radar part, turbine and grid project 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 radar part, turbine and grid project stocks?
Ans. Radar part, turbine and grid project stocks are listed companies that make microwave parts for radars and missiles, build steam turbines for industry and power plants and execute transmission, distribution, wind and data centre projects. Their earnings depend on order inflows, execution and capital spending. This list looks at three of them, Astra Microwave Products, Triveni Turbine and Techno Electric & Engineering Company, using reported FY22 to FY26 financials and the 29 October 2026 closing prices.
Which radar part, turbine and grid project stocks are covered in this list?
Ans. This list covers Astra Microwave Products, Triveni Turbine and Techno Electric & Engineering Company. Based on the 29 October 2026 close, Astra Microwave Products traded at Rs 1,578.7, Triveni Turbine at Rs 469.6 and Techno Electric & Engineering Company at Rs 850. Their return on equity ranges from 11.4% to 24.2%, and their revenue compound annual growth from FY22 to FY26 ranges from 11.8% to 31.0%.
Why do radar part, turbine and grid project stocks have a strong future roadmap in India?
Ans. Radar part, turbine and grid project stocks have a strong roadmap in India because defence production plans, industrial power needs and grid and data centre spending keep widening the market for these equipment and project companies. The main drivers are as follows. Defence orders. Domestic production plans widen the order base. Industrial power. Factories need turbines for captive plants. Grid spending. New lines and data centres need power projects. Together these factors give the companies on this list a visible path for growth over the coming years.
How has Astra Microwave Products performed financially?
Ans. Revenue rose from Rs 757 crore in FY22 to Rs 1,181 crore in FY26, a compound annual growth rate of 11.8%. Net profit grew from Rs 37.9 crore in FY22 to Rs 193 crore in FY26, which works out to a compound annual growth rate of 50.2%. The company has a return on equity of 14.7%, a debt to equity ratio of 0.22 and a market capitalisation of Rs 15,358 crore. The stock trades at a P/E of 81.2, above the industry P/E of 48.1. Looking ahead, the company supplies sub-systems to major defence and space programmes and is moving up from components to complete systems. Its design strength in radio frequency and microwave electronics suits the shift to indigenous radars and missile programmes.
How has Triveni Turbine performed financially?
Ans. Revenue rose from Rs 882 crore in FY22 to Rs 2,258 crore in FY26, a compound annual growth rate of 26.5%. Net profit grew from Rs 270 crore in FY22 to Rs 349 crore in FY26, which works out to a compound annual growth rate of 6.6%. In the June 2026 quarter, revenue grew 19.7% year on year to Rs 471 crore. The company has a return on equity of 24.2%, a debt to equity ratio of 0.02 and a market capitalisation of Rs 15,418 crore. The stock trades at a P/E of 45.9, above the industry P/E of 43.9. Looking ahead, its roadmap includes new product platforms, a rising share of exports and a growing aftermarket franchise that brings recurring revenue. A healthy order book gives visibility into the coming quarters, and a debt-free balance sheet supports expansion.
How has Techno Electric & Engineering Company performed financially?
Ans. Revenue rose from Rs 1,154 crore in FY22 to Rs 3,401 crore in FY26, a compound annual growth rate of 31.0%. Net profit grew from Rs 239 crore in FY22 to Rs 449 crore in FY26, which works out to a compound annual growth rate of 17.0%. In the June 2026 quarter, revenue grew 14.8% year on year to Rs 659 crore. The company has a return on equity of 11.4%, a debt to equity ratio of 0.02 and a market capitalisation of Rs 10,943 crore. The stock trades at a P/E of 25.4, above the industry P/E of 22.7. Looking ahead, strong demand for transmission networks and substations supports its engineering order book, while a new data centre platform opens a second growth path. Its operating wind assets add recurring cash flow.
What risks should investors check before buying radar part, turbine and grid project stocks?
Ans. Investors should check a few risks before buying radar part, turbine and grid project stocks. Order timing. Defence and space orders can shift between periods. Order timing. Project awards can shift between periods. 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 radar part, turbine and grid project stocks investment advice?
Ans. No. This article is educational and uses publicly available data as of the 29 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.
