3 Wind Turbine Maker, City Power Distributor and Smart Meter Supplier Stocks With a Strong Future Roadmap: Suzlon Energy, CESC and Genus Power Infrastructures
- October 21, 2026
- Posted by: Ankit Jaiswal
- Category: Best Stocks
Suzlon Energy, CESC and Genus Power Infrastructures: ROE of 12.3% to 33.4% and FY22 to FY26 revenue CAGR of 10.2% to 59.5%. Prices as of 20 Oct 2026.
Quick Answer
The three wind and power distribution stocks to watch are Suzlon Energy, CESC and Genus Power Infrastructures. Their return on equity ranges from 12.3% to 33.4%, and their revenue compound annual growth from FY22 to FY26 ranges from 10.2% to 59.5%. Suzlon Energy has the highest return on equity at 33.4%, while Genus Power Infrastructures has the fastest revenue growth at 59.5% a year. Prices are based on the 20 October 2026 close, and this article is educational, not investment advice.
Wind and power distribution stocks bring together the companies that produce clean power, deliver it to consumers and measure what is used. Suzlon Energy, CESC and Genus Power Infrastructures cover a wind turbine maker, a city power distributor with a growing renewable arm and a smart meter manufacturer.
This list covers three wind and power distribution stocks with complete current figures: Suzlon Energy, CESC and Genus Power Infrastructures. Every figure comes from the latest reported financials and the 20 October 2026 market close. Companies without complete current figures were left out.
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What Are Wind and Power Distribution Stocks?
Wind and power distribution stocks are listed companies that build wind turbines, run electricity distribution networks or supply the meters that record consumption. Their earnings follow turbine deliveries, units distributed and the pace of meter installations.
Wind and Power Distribution Stocks at a Glance
| Company | CMP (Rs) | Market Cap (Rs Cr) | P/E | Industry P/E | ROE (%) | D/E |
|---|---|---|---|---|---|---|
| Suzlon Energy | 40.38 | 55,008 | 17.5 | 43.9 | 33.4 | 0.06 |
| CESC | 133.35 | 17,716 | 10.9 | 21.8 | 12.3 | 1.73 |
| Genus Power Infrastructures | 282.75 | 8,639 | 13.3 | 44.3 | 26.7 | 1.04 |
On valuation, all three trade at a P/E below their industry P/E, which means the market is pricing them at a lower multiple than their peer group. Readers comparing wind and power distribution stocks should look at return on equity and debt together, since a high return earned with low debt is easier to sustain.
Why Do Wind and Power Distribution Stocks Have a Strong Roadmap in India?
Wind and power distribution stocks have a strong roadmap in India because the country is expanding renewable capacity while upgrading distribution networks and installing smart meters.
- Wind capacity growth. Utilities and corporate buyers are ordering new wind projects.
- Distribution reforms. Government schemes support better metering and network quality.
- Smart meter rollout. Large state programmes create multi-year order books for meter makers.
Why Suzlon Energy Features Among These Wind and Power Distribution Stocks
Among the wind and power distribution stocks 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.
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.
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 CESC Features Among These Wind and Power Distribution Stocks
Among the wind energy shares on this list, CESC is a Kolkata-based power company that generates and distributes electricity to Kolkata and Howrah, and it also runs distribution businesses in other states and a growing renewable energy platform through its subsidiary.
In the June 2026 quarter, revenue grew 5.2% year on year to Rs 5,559 crore, while net profit rose 3.7% to Rs 419 crore. Revenue rose from Rs 12,827 crore in FY22 to Rs 18,927 crore in FY26, a compound annual growth rate of 10.2%.
Net profit grew from Rs 1,447 crore in FY24 to Rs 1,618 crore in FY26, which works out to a compound annual growth rate of 5.7%. The company has a return on equity of 12.3%, a debt to equity ratio of 1.73 and a market capitalisation of Rs 17,716 crore. The stock trades at a P/E of 10.9, below the industry P/E of 21.8.
Roadmap: The company is expanding its renewable portfolio and distribution reach, using a stable city distribution franchise as the base. It also holds retail and other businesses that add diversification.
What to watch: Track renewable capacity addition and the progress of newer distribution franchises.
Why Genus Power Infrastructures Features Among These Wind and Power Distribution Stocks
Among the three companies on this list, Genus Power Infrastructures is a Jaipur-based maker of electricity meters, including smart meters, and also takes on turnkey metering projects for utilities.
The company has a return on equity of 26.7%, a debt to equity ratio of 1.04 and a market capitalisation of Rs 8,639 crore. The stock trades at a P/E of 13.3, below the industry P/E of 44.3.
Revenue rose from Rs 744 crore in FY22 to Rs 4,821 crore in FY26, a compound annual growth rate of 59.5%. Net profit grew from Rs 295 crore in FY25 to Rs 565 crore in FY26, a rise of 91.7%. In the June 2026 quarter, revenue grew 46.0% year on year to Rs 1,407 crore, while net profit rose 35.6% to Rs 175 crore.
Roadmap: The national smart meter rollout is the company’s main growth driver, with large orders from state utilities. The company has added capacity and is building manufacturing depth to deliver on its order book.
What to watch: Monitor execution pace on the smart meter order book and the cash collection from utilities.
Suzlon Energy vs CESC vs Genus Power Infrastructures on Key Financials
The table below sets the three wind and power distribution 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 |
|---|---|---|---|---|---|
| Suzlon Energy | 6,604 | 16,842 | 26.4% | 3,163 | 18.8% |
| CESC | 12,827 | 18,927 | 10.2% | 1,618 | 8.5% |
| Genus Power Infrastructures | 744 | 4,821 | 59.5% | 565 | 11.7% |
Suzlon Energy posts the highest return on equity in this group at 33.4%. CESC has the largest FY26 revenue at Rs 18,927 crore, and Genus Power Infrastructures shows the fastest revenue growth with a 59.5% compound annual rate. A useful habit with wind and power distribution 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 |
|---|---|---|---|
| Suzlon Energy | 3,165 | 3,863 | 22.0% |
| CESC | 5,285 | 5,559 | 5.2% |
| Genus Power Infrastructures | 964 | 1,407 | 46.0% |
Key Risks to Check Before Investing in Wind and Power Distribution Stocks
Every theme carries risks that deserve a check before any decision. For these wind and power distribution stocks, the main points are: Long-term wind energy shares holders usually track revenue growth, margins and cash flow side by side rather than relying on a single ratio.
- Order execution. Revenue depends on deliveries and installations keeping pace with the order book.
- Utility payments. Collections from state utilities can vary from quarter to quarter.
- Commodity prices. Steel and electronic component prices can affect manufacturing margins.
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 wind and power distribution stocks by market capitalisation, P/E, ROE and growth, and build your own shortlist.
Final Thoughts on Wind and Power Distribution Stocks
Wind and power distribution stocks suit investors who want exposure to the full electricity chain. Suzlon Energy, CESC and Genus Power Infrastructures each have a clear role in the shift to cleaner and smarter power. Based on the 20 October 2026 close, Suzlon Energy trades at Rs 40.38, CESC at Rs 133.35 and Genus Power Infrastructures at Rs 282.75. Valuation matters as much as growth, so compare each company’s P/E with its industry P/E before adding any of these wind and power distribution 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 wind and power distribution stocks?
Ans. Wind and power distribution stocks are listed companies that build wind turbines, run electricity distribution networks or supply the meters that record consumption. Their earnings follow turbine deliveries, units distributed and the pace of meter installations. This list looks at three of them, Suzlon Energy, CESC and Genus Power Infrastructures, using reported FY22 to FY26 financials and the 20 October 2026 closing prices.
Which wind and power distribution stocks are covered in this list?
Ans. This list covers Suzlon Energy, CESC and Genus Power Infrastructures. Based on the 20 October 2026 close, Suzlon Energy traded at Rs 40.38, CESC at Rs 133.35 and Genus Power Infrastructures at Rs 282.75. Their return on equity ranges from 12.3% to 33.4%, and their revenue compound annual growth from FY22 to FY26 ranges from 10.2% to 59.5%.
Why do wind and power distribution stocks have a strong future roadmap in India?
Ans. Wind and power distribution stocks have a strong roadmap in India because the country is expanding renewable capacity while upgrading distribution networks and installing smart meters. The main drivers are as follows. Wind capacity growth. Utilities and corporate buyers are ordering new wind projects. Distribution reforms. Government schemes support better metering and network quality. Smart meter rollout. Large state programmes create multi-year order books for meter makers. Together these factors give the companies on this list a visible path for growth over the coming years.
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 CESC performed financially?
Ans. Revenue rose from Rs 12,827 crore in FY22 to Rs 18,927 crore in FY26, a compound annual growth rate of 10.2%. Net profit grew from Rs 1,447 crore in FY24 to Rs 1,618 crore in FY26, which works out to a compound annual growth rate of 5.7%. In the June 2026 quarter, revenue grew 5.2% year on year to Rs 5,559 crore, while net profit rose 3.7% to Rs 419 crore. The company has a return on equity of 12.3%, a debt to equity ratio of 1.73 and a market capitalisation of Rs 17,716 crore. The stock trades at a P/E of 10.9, below the industry P/E of 21.8. Looking ahead, the company is expanding its renewable portfolio and distribution reach, using a stable city distribution franchise as the base. It also holds retail and other businesses that add diversification.
How has Genus Power Infrastructures performed financially?
Ans. Revenue rose from Rs 744 crore in FY22 to Rs 4,821 crore in FY26, a compound annual growth rate of 59.5%. Net profit grew from Rs 295 crore in FY25 to Rs 565 crore in FY26, a rise of 91.7%. In the June 2026 quarter, revenue grew 46.0% year on year to Rs 1,407 crore, while net profit rose 35.6% to Rs 175 crore. The company has a return on equity of 26.7%, a debt to equity ratio of 1.04 and a market capitalisation of Rs 8,639 crore. The stock trades at a P/E of 13.3, below the industry P/E of 44.3. Looking ahead, the national smart meter rollout is the company’s main growth driver, with large orders from state utilities. The company has added capacity and is building manufacturing depth to deliver on its order book.
What risks should investors check before buying wind and power distribution stocks?
Ans. Investors should check a few risks before buying wind and power distribution stocks. Order execution. Revenue depends on deliveries and installations keeping pace with the order book. Utility payments. Collections from state utilities can vary from quarter to quarter. Commodity prices. Steel and electronic component prices can affect manufacturing margins. 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 wind and power distribution stocks investment advice?
Ans. No. This article is educational and uses publicly available data as of the 20 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.
