{"id":265587,"date":"2026-09-23T17:37:27","date_gmt":"2026-09-23T12:07:27","guid":{"rendered":"https:\/\/univest.in\/blogs-2\/?p=265587"},"modified":"2026-09-23T17:37:27","modified_gmt":"2026-09-23T12:07:27","slug":"buy-sell-or-hold-lt-cummins-thermax-kirloskar-isgec-non-electrical-equipment-stocks","status":"publish","type":"post","link":"https:\/\/univest.in\/blogs-2\/buy-sell-or-hold-lt-cummins-thermax-kirloskar-isgec-non-electrical-equipment-stocks\/","title":{"rendered":"Buy, Sell Or Hold: Larsen and Toubro, Cummins India, Thermax, Kirloskar Oil Engines, ISGEC Heavy Engineering \u2014 Analyst Forecast"},"content":{"rendered":"
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Sector Snapshot (23 September 2026)<\/strong><\/p>\n\n\n\n\n\n\n\n
Stock<\/th>\nLTP (Rs)<\/th>\n52W High<\/th>\n52W Low<\/th>\nP\/E vs Industry<\/th>\nROE<\/th>\nOur View<\/th>\n<\/tr>\n
Larsen and Toubro<\/a><\/td>\n3,929.90<\/td>\n4,440.00<\/td>\n3,288.10<\/td>\n27.13 \/ 24.20<\/td>\n14.72%<\/td>\nBuy on Dips<\/td>\n<\/tr>\n
Cummins India<\/a><\/td>\n5,010.00<\/td>\n6,100.00<\/td>\n3,833.00<\/td>\n58.18 \/ 46.98<\/td>\n27.87%<\/td>\nHold<\/td>\n<\/tr>\n
Thermax<\/a><\/td>\n3,464.90<\/td>\n5,277.80<\/td>\n2,742.70<\/td>\n70.10 \/ 47.74<\/td>\n12.98%<\/td>\nAvoid \/ High Risk<\/td>\n<\/tr>\n
Kirloskar Oil Engines<\/a><\/td>\n2,219.50<\/td>\n2,720.00<\/td>\n865.55<\/td>\n58.73 \/ 46.98<\/td>\n15.86%<\/td>\nHold<\/td>\n<\/tr>\n
ISGEC Heavy Engineering<\/a><\/td>\n867.85<\/td>\n1,113.90<\/td>\n683.95<\/td>\n17.59 \/ 30.82<\/td>\n12.68%<\/td>\nBuy on Dips<\/td>\n<\/tr>\n<\/table><\/div>\n
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Quick Answer<\/strong><\/p>\n

ISGEC Heavy Engineering stands out among these non-electrical equipment stocks, trading well below its industry average valuation, and Larsen and Toubro combines a near-fair multiple with solid return on equity. Cummins India posts the strongest return on equity in the group but at a rich valuation, Kirloskar Oil Engines sits in between, and Thermax carries the richest multiple alongside more modest profitability, keeping it in higher-risk territory.<\/p>\n<\/div>\n

India’s non-electrical capital goods makers span engineering, construction, engines, boilers and heavy fabrication, businesses tied closely to industrial capex and infrastructure spending. This piece checks five listed non-electrical equipment stocks on valuation and profitability.<\/p>\n

Click Here – Get Free Investment Predictions<\/a><\/strong><\/p>\n

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