3 Transformer Manufacturer, Wind Turbine Maker and Electrical Equipment Leader Stocks With a Strong Future Roadmap: Atlanta Electricals, Suzlon Energy and CG Power and Industrial Solutions
- October 28, 2026
- Posted by: Chaitanya Auti
- Category: Best Stocks
Atlanta Electricals, Suzlon Energy and CG Power and Industrial Solutions: ROE of 15.1% to 33.4% and FY22 to FY26 revenue CAGR of 23.1% to 33.0%. Prices as of 27 Oct 2026.
Quick Answer
The three transformer, wind turbine and motor stocks to watch are Atlanta Electricals, Suzlon Energy and CG Power and Industrial Solutions. Their return on equity ranges from 15.1% to 33.4%, and their revenue compound annual growth from FY22 to FY26 ranges from 23.1% to 33.0%. Suzlon Energy has the highest return on equity at 33.4%, while Atlanta Electricals has the fastest revenue growth at 33.0% a year. Prices are based on the 27 October 2026 close, and this article is educational, not investment advice.
Transformer, wind turbine and motor stocks bring together companies with a visible plan for the years ahead. Atlanta Electricals, Suzlon Energy and CG Power and Industrial Solutions cover a transformer manufacturer, a wind turbine maker and an electrical equipment leader.
This list covers three transformer, wind turbine and motor stocks with complete current figures: Atlanta Electricals, Suzlon Energy and CG Power and Industrial Solutions. Every figure comes from the latest reported financials and the 27 October 2026 market close. Companies without complete current figures were left out.
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What Are Transformer, Wind Turbine and Motor Stocks?
Transformer, wind turbine and motor stocks are listed companies that make power and distribution transformers, build wind turbines with service operations and supply transformers, motors, switchgear and railway equipment. Their earnings depend on utility orders, project execution and policy support.
Transformer, Wind Turbine and Motor Stocks at a Glance
| Company | CMP (Rs) | Market Cap (Rs Cr) | P/E | Industry P/E | ROE (%) | D/E |
|---|---|---|---|---|---|---|
| Atlanta Electricals | 1,634.3 | 12,995 | 59.8 | 43.9 | 21.7 | 0.05 |
| Suzlon Energy | 36.92 | 55,008 | 17.5 | 43.9 | 33.4 | 0.06 |
| CG Power and Industrial Solutions | 835.4 | 134,561 | 108.5 | 43.9 | 15.1 | 0.01 |
On valuation, Suzlon Energy trades at a P/E below the industry P/E, while Atlanta Electricals and CG Power and Industrial Solutions trade above it, which reflects the growth the market already expects. Readers comparing transformer, wind turbine and motor 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 transformer, wind turbine and motor stocks can use the coming numbers to test whether growth is holding.
Why Do Transformer, Wind Turbine and Motor Stocks Have a Strong Roadmap in India?
Transformer, wind turbine and motor stocks have a strong roadmap in India because grid upgrades, rising wind power additions and railway and industrial electrification keep widening the order pipeline for Indian electrical equipment makers.
- Grid upgrades. Utilities add transformers and substations.
- Wind capacity. Developers order turbines and services.
- Electrification. Rail and industry buy motors and drives.
Why Atlanta Electricals Features Among These Transformer, Wind Turbine and Motor Stocks
Among the transformer, wind turbine and motor stocks on this list, Atlanta Electricals, based in Gujarat, manufactures power and distribution transformers and related electrical equipment for utilities and industrial customers.
Revenue rose from Rs 597 crore in FY22 to Rs 1,867 crore in FY26, a compound annual growth rate of 33.0%. Net profit grew from Rs 87.5 crore in FY23 to Rs 202 crore in FY26, which works out to a compound annual growth rate of 32.1%.
In the June 2026 quarter, revenue grew 47.6% year on year to Rs 469 crore, while net profit rose 50.4% to Rs 46.8 crore. The company has a return on equity of 21.7%, a debt to equity ratio of 0.05 and a market capitalisation of Rs 12,995 crore. The stock trades at a P/E of 59.8, above the industry P/E of 43.9.
Roadmap: Transmission and distribution spending, rising electricity demand and renewable power connections keep the transformer order book active. The company is adding capacity to meet this demand and to serve larger customers.
What to watch: Monitor order backlog conversion and the pace of capacity additions.
Why Suzlon Energy Features Among These Transformer, Wind Turbine and Motor Stocks
Among the transformers, wind power and motors shares on this list, Suzlon Energy is a wind turbine maker with manufacturing and service operations across India, supplying turbines for utility, independent power producer and corporate customers and servicing a large installed base.
In the June 2026 quarter, revenue grew 22.0% year on year to Rs 3,863 crore. Revenue rose from Rs 6,604 crore in FY22 to Rs 16,842 crore in FY26, a compound annual growth rate of 26.4%.
Net profit grew from Rs 2,072 crore in FY25 to Rs 3,163 crore in FY26, a rise of 52.7%. The company has a return on equity of 33.4%, a debt to equity ratio of 0.06 and a market capitalisation of Rs 55,008 crore. The stock trades at a P/E of 17.5, below the industry P/E of 43.9.
Roadmap: The company has a large order book and a strong share of the domestic wind market as the country adds renewable capacity. Its operations and maintenance business generates recurring income from the installed fleet.
What to watch: Check order book conversion to revenue and the pace of turbine deliveries each quarter.
Why CG Power and Industrial Solutions Features Among These Transformer, Wind Turbine and Motor 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.
Atlanta Electricals vs Suzlon Energy vs CG Power and Industrial Solutions on Key Financials
The table below sets the three transformer, wind turbine and motor 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 |
|---|---|---|---|---|---|
| Atlanta Electricals | 597 | 1,867 | 33.0% | 202 | 10.8% |
| Suzlon Energy | 6,604 | 16,842 | 26.4% | 3,163 | 18.8% |
| CG Power and Industrial Solutions | 5,521 | 12,662 | 23.1% | 1,197 | 9.5% |
Suzlon Energy posts the highest return on equity in this group at 33.4%. Suzlon Energy has the largest FY26 revenue at Rs 16,842 crore, and Atlanta Electricals shows the fastest revenue growth with a 33.0% compound annual rate. A useful habit with transformer, wind turbine and motor 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 |
|---|---|---|---|
| Atlanta Electricals | 318 | 469 | 47.6% |
| Suzlon Energy | 3,165 | 3,863 | 22.0% |
| CG Power and Industrial Solutions | 2,906 | 3,364 | 15.8% |
Key Risks to Check Before Investing in Transformer, Wind Turbine and Motor Stocks
Every theme carries risks that deserve a check before any decision. For these transformer, wind turbine and motor stocks, the main points are: Long-term transformers, wind power and motors 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.
- Input costs. Metal and material prices can move 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 transformer, wind turbine and motor stocks by market capitalisation, P/E, ROE and growth, and build your own shortlist.
Final Thoughts on Transformer, Wind Turbine and Motor Stocks
Transformer, wind turbine and motor stocks suit investors who prefer to study business strength before price moves. Atlanta Electricals, Suzlon Energy and CG Power and Industrial Solutions each have a clear plan to expand. Based on the 27 October 2026 close, Atlanta Electricals trades at Rs 1,634.3, Suzlon Energy at Rs 36.92 and CG Power and Industrial Solutions at Rs 835.4. Valuation matters as much as growth, so compare each company’s P/E with its industry P/E before adding any of these transformer, wind turbine and motor 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 transformer, wind turbine and motor stocks?
Ans. Transformer, wind turbine and motor stocks are listed companies that make power and distribution transformers, build wind turbines with service operations and supply transformers, motors, switchgear and railway equipment. Their earnings depend on utility orders, project execution and policy support. This list looks at three of them, Atlanta Electricals, Suzlon Energy and CG Power and Industrial Solutions, using reported FY22 to FY26 financials and the 27 October 2026 closing prices.
Which transformer, wind turbine and motor stocks are covered in this list?
Ans. This list covers Atlanta Electricals, Suzlon Energy and CG Power and Industrial Solutions. Based on the 27 October 2026 close, Atlanta Electricals traded at Rs 1,634.3, Suzlon Energy at Rs 36.92 and CG Power and Industrial Solutions at Rs 835.4. Their return on equity ranges from 15.1% to 33.4%, and their revenue compound annual growth from FY22 to FY26 ranges from 23.1% to 33.0%.
Why do transformer, wind turbine and motor stocks have a strong future roadmap in India?
Ans. Transformer, wind turbine and motor stocks have a strong roadmap in India because grid upgrades, rising wind power additions and railway and industrial electrification keep widening the order pipeline for Indian electrical equipment makers. The main drivers are as follows. Grid upgrades. Utilities add transformers and substations. Wind capacity. Developers order turbines and services. Electrification. Rail and industry buy motors and drives. Together these factors give the companies on this list a visible path for growth over the coming years.
How has Atlanta Electricals performed financially?
Ans. Revenue rose from Rs 597 crore in FY22 to Rs 1,867 crore in FY26, a compound annual growth rate of 33.0%. Net profit grew from Rs 87.5 crore in FY23 to Rs 202 crore in FY26, which works out to a compound annual growth rate of 32.1%. In the June 2026 quarter, revenue grew 47.6% year on year to Rs 469 crore, while net profit rose 50.4% to Rs 46.8 crore. The company has a return on equity of 21.7%, a debt to equity ratio of 0.05 and a market capitalisation of Rs 12,995 crore. The stock trades at a P/E of 59.8, above the industry P/E of 43.9. Looking ahead, transmission and distribution spending, rising electricity demand and renewable power connections keep the transformer order book active. The company is adding capacity to meet this demand and to serve larger customers.
How has Suzlon Energy performed financially?
Ans. Revenue rose from Rs 6,604 crore in FY22 to Rs 16,842 crore in FY26, a compound annual growth rate of 26.4%. Net profit grew from Rs 2,072 crore in FY25 to Rs 3,163 crore in FY26, a rise of 52.7%. In the June 2026 quarter, revenue grew 22.0% year on year to Rs 3,863 crore. The company has a return on equity of 33.4%, a debt to equity ratio of 0.06 and a market capitalisation of Rs 55,008 crore. The stock trades at a P/E of 17.5, below the industry P/E of 43.9. Looking ahead, the company has a large order book and a strong share of the domestic wind market as the country adds renewable capacity. Its operations and maintenance business generates recurring income from the installed fleet.
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 transformer, wind turbine and motor stocks?
Ans. Investors should check a few risks before buying transformer, wind turbine and motor stocks. Order timing. Project awards can shift between periods. Input costs. Metal and material prices can move 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 transformer, wind turbine and motor stocks investment advice?
Ans. No. This article is educational and uses publicly available data as of the 27 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.