{"id":316170,"date":"2026-10-19T11:58:09","date_gmt":"2026-10-19T06:28:09","guid":{"rendered":"https:\/\/univest.in\/blogs-2\/?p=316170"},"modified":"2026-10-19T11:58:09","modified_gmt":"2026-10-19T06:28:09","slug":"power-cable-smart-meter-and-pump-stocks-roadmap-signal-list","status":"publish","type":"post","link":"https:\/\/univest.in\/blogs-2\/power-cable-smart-meter-and-pump-stocks-roadmap-signal-list\/","title":{"rendered":"3 Power Cable, Smart Meter and Pump Stocks With a Strong Future Roadmap: Universal Cables, HPL Electric &#038; Power and Oswal Pumps"},"content":{"rendered":"<p style=\"border-left:4px solid #1F4E79;background:#EBF3FB;padding:10px 16px;font-style:italic;\"><em>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.<\/em><\/p>\n<div style=\"background:#F0F9FF;border-left:4px solid #2E7D32;border-radius:6px;padding:14px 18px;margin:18px 0;\">\n<p style=\"margin:0;color:#1F4E79;font-size:14px;\"><strong>Quick Answer<\/strong><\/p>\n<p style=\"margin:8px 0 0;\">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&#8217;s risks need equal attention.<\/p>\n<\/p><\/div>\n<p>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.<\/p>\n<p>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 &amp; 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.<\/p>\n<p style=\"margin-top:24px;\"><a href=\"https:\/\/univest.in\/user\/log-in?utm_source=blogs&#038;utm_medium=power-cable-smart-meter-and-pump-stocks-roadmap-signal-list\"><strong>Click Here &#8211; Get Free Investment Predictions<\/strong><\/a><\/p>\n<div id=\"ez-toc-container\" class=\"ez-toc-v2_0_65 counter-hierarchy ez-toc-counter ez-toc-grey ez-toc-container-direction\">\n<div class=\"ez-toc-title-container\">\n<p class=\"ez-toc-title \" >Table of Contents<\/p>\n<span class=\"ez-toc-title-toggle\"><a href=\"#\" class=\"ez-toc-pull-right ez-toc-btn ez-toc-btn-xs ez-toc-btn-default ez-toc-toggle\" aria-label=\"Toggle Table of Content\"><span class=\"ez-toc-js-icon-con\"><span class=\"\"><span class=\"eztoc-hide\" style=\"display:none;\">Toggle<\/span><span class=\"ez-toc-icon-toggle-span\"><svg style=\"fill: #999;color:#999\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" class=\"list-377408\" width=\"20px\" height=\"20px\" viewBox=\"0 0 24 24\" fill=\"none\"><path d=\"M6 6H4v2h2V6zm14 0H8v2h12V6zM4 11h2v2H4v-2zm16 0H8v2h12v-2zM4 16h2v2H4v-2zm16 0H8v2h12v-2z\" fill=\"currentColor\"><\/path><\/svg><svg style=\"fill: #999;color:#999\" class=\"arrow-unsorted-368013\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"10px\" height=\"10px\" viewBox=\"0 0 24 24\" version=\"1.2\" baseProfile=\"tiny\"><path d=\"M18.2 9.3l-6.2-6.3-6.2 6.3c-.2.2-.3.4-.3.7s.1.5.3.7c.2.2.4.3.7.3h11c.3 0 .5-.1.7-.3.2-.2.3-.5.3-.7s-.1-.5-.3-.7zM5.8 14.7l6.2 6.3 6.2-6.3c.2-.2.3-.5.3-.7s-.1-.5-.3-.7c-.2-.2-.4-.3-.7-.3h-11c-.3 0-.5.1-.7.3-.2.2-.3.5-.3.7s.1.5.3.7z\"\/><\/svg><\/span><\/span><\/span><\/a><\/span><\/div>\n<nav><ul class='ez-toc-list ez-toc-list-level-1 ' ><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-1\" href=\"https:\/\/univest.in\/blogs-2\/power-cable-smart-meter-and-pump-stocks-roadmap-signal-list\/#What_Are_Power_Cable_Smart_Meter_and_Pump_Stocks\" title=\"What Are Power Cable, Smart Meter and Pump Stocks?\">What Are Power Cable, Smart Meter and Pump Stocks?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-2\" href=\"https:\/\/univest.in\/blogs-2\/power-cable-smart-meter-and-pump-stocks-roadmap-signal-list\/#Power_Cable_Smart_Meter_and_Pump_Stocks_at_a_Glance\" title=\"Power Cable, Smart Meter and Pump Stocks at a Glance\">Power Cable, Smart Meter and Pump Stocks at a Glance<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-3\" href=\"https:\/\/univest.in\/blogs-2\/power-cable-smart-meter-and-pump-stocks-roadmap-signal-list\/#Why_Do_Power_Cable_Smart_Meter_and_Pump_Stocks_Have_a_Strong_Roadmap_in_India\" title=\"Why Do Power Cable, Smart Meter and Pump Stocks Have a Strong Roadmap in India?\">Why Do Power Cable, Smart Meter and Pump Stocks Have a Strong Roadmap in India?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-4\" href=\"https:\/\/univest.in\/blogs-2\/power-cable-smart-meter-and-pump-stocks-roadmap-signal-list\/#Universal_Cables_Power_Cable_Demand_Anchors_the_Roadmap\" title=\"Universal Cables: Power Cable Demand Anchors the Roadmap\">Universal Cables: Power Cable Demand Anchors the Roadmap<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-5\" href=\"https:\/\/univest.in\/blogs-2\/power-cable-smart-meter-and-pump-stocks-roadmap-signal-list\/#HPL_Electric_Power_Smart_Meters_and_Switchgear_Anchor_the_Roadmap\" title=\"HPL Electric &amp; Power: Smart Meters and Switchgear Anchor the Roadmap\">HPL Electric &amp; Power: Smart Meters and Switchgear Anchor the Roadmap<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-6\" href=\"https:\/\/univest.in\/blogs-2\/power-cable-smart-meter-and-pump-stocks-roadmap-signal-list\/#Oswal_Pumps_Solar_and_Agricultural_Pumps_Anchor_the_Roadmap\" title=\"Oswal Pumps: Solar and Agricultural Pumps Anchor the Roadmap\">Oswal Pumps: Solar and Agricultural Pumps Anchor the Roadmap<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-7\" href=\"https:\/\/univest.in\/blogs-2\/power-cable-smart-meter-and-pump-stocks-roadmap-signal-list\/#Best_Power_Cable_Smart_Meter_and_Pump_Stocks_in_India_Universal_Cables_vs_HPL_Electric_vs_Oswal_Pumps_on_Key_Financials\" title=\"Best Power Cable, Smart Meter and Pump Stocks in India: Universal Cables vs HPL Electric vs Oswal Pumps on Key Financials\">Best Power Cable, Smart Meter and Pump Stocks in India: Universal Cables vs HPL Electric vs Oswal Pumps on Key Financials<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-8\" href=\"https:\/\/univest.in\/blogs-2\/power-cable-smart-meter-and-pump-stocks-roadmap-signal-list\/#How_to_Evaluate_Power_Cable_Smart_Meter_and_Pump_Stocks_to_Buy_Before_You_Invest\" title=\"How to Evaluate Power Cable, Smart Meter and Pump Stocks to Buy Before You Invest\">How to Evaluate Power Cable, Smart Meter and Pump Stocks to Buy Before You Invest<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-9\" href=\"https:\/\/univest.in\/blogs-2\/power-cable-smart-meter-and-pump-stocks-roadmap-signal-list\/#Risks_to_Consider_Before_Investing_in_Power_Cable_Smart_Meter_and_Pump_Stocks\" title=\"Risks to Consider Before Investing in Power Cable, Smart Meter and Pump Stocks\">Risks to Consider Before Investing in Power Cable, Smart Meter and Pump Stocks<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-10\" href=\"https:\/\/univest.in\/blogs-2\/power-cable-smart-meter-and-pump-stocks-roadmap-signal-list\/#Final_Take_Which_Stock_Has_the_Strongest_Roadmap\" title=\"Final Take: Which Stock Has the Strongest Roadmap?\">Final Take: Which Stock Has the Strongest Roadmap?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-11\" href=\"https:\/\/univest.in\/blogs-2\/power-cable-smart-meter-and-pump-stocks-roadmap-signal-list\/#FAQs_on_Power_Cable_Smart_Meter_and_Pump_Stocks\" title=\"FAQs on Power Cable, Smart Meter and Pump Stocks\">FAQs on Power Cable, Smart Meter and Pump Stocks<\/a><ul class='ez-toc-list-level-3' ><li class='ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-12\" href=\"https:\/\/univest.in\/blogs-2\/power-cable-smart-meter-and-pump-stocks-roadmap-signal-list\/#Which_are_the_best_power_cable_smart_meter_and_pump_stocks_in_India_with_a_strong_roadmap\" title=\"Which are the best power cable, smart meter and pump stocks in India with a strong roadmap?\">Which are the best power cable, smart meter and pump stocks in India with a strong roadmap?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-13\" href=\"https:\/\/univest.in\/blogs-2\/power-cable-smart-meter-and-pump-stocks-roadmap-signal-list\/#Is_Universal_Cables_a_good_stock_to_buy_now\" title=\"Is Universal Cables a good stock to buy now?\">Is Universal Cables a good stock to buy now?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-14\" href=\"https:\/\/univest.in\/blogs-2\/power-cable-smart-meter-and-pump-stocks-roadmap-signal-list\/#What_is_the_PE_ratio_of_Universal_Cables_HPL_Electric_and_Oswal_Pumps\" title=\"What is the P\/E ratio of Universal Cables, HPL Electric and Oswal Pumps?\">What is the P\/E ratio of Universal Cables, HPL Electric and Oswal Pumps?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-15\" href=\"https:\/\/univest.in\/blogs-2\/power-cable-smart-meter-and-pump-stocks-roadmap-signal-list\/#Which_of_these_power_cable_smart_meter_and_pump_stocks_has_the_highest_return_on_equity\" title=\"Which of these power cable, smart meter and pump stocks has the highest return on equity?\">Which of these power cable, smart meter and pump stocks has the highest return on equity?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-16\" href=\"https:\/\/univest.in\/blogs-2\/power-cable-smart-meter-and-pump-stocks-roadmap-signal-list\/#What_are_the_risks_of_investing_in_power_cable_smart_meter_and_pump_stocks\" title=\"What are the risks of investing in power cable, smart meter and pump stocks?\">What are the risks of investing in power cable, smart meter and pump stocks?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-17\" href=\"https:\/\/univest.in\/blogs-2\/power-cable-smart-meter-and-pump-stocks-roadmap-signal-list\/#How_did_Universal_Cables_HPL_Electric_and_Oswal_Pumps_perform_in_Q1_FY27\" title=\"How did Universal Cables, HPL Electric and Oswal Pumps perform in Q1 FY27?\">How did Universal Cables, HPL Electric and Oswal Pumps perform in Q1 FY27?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-18\" href=\"https:\/\/univest.in\/blogs-2\/power-cable-smart-meter-and-pump-stocks-roadmap-signal-list\/#Do_power_cable_smart_meter_and_pump_stocks_pay_dividends\" title=\"Do power cable, smart meter and pump stocks pay dividends?\">Do power cable, smart meter and pump stocks pay dividends?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-19\" href=\"https:\/\/univest.in\/blogs-2\/power-cable-smart-meter-and-pump-stocks-roadmap-signal-list\/#How_can_I_invest_in_power_cable_smart_meter_and_pump_stocks_in_India\" title=\"How can I invest in power cable, smart meter and pump stocks in India?\">How can I invest in power cable, smart meter and pump stocks in India?<\/a><\/li><\/ul><\/li><\/ul><\/nav><\/div>\n<h2><span class=\"ez-toc-section\" id=\"What_Are_Power_Cable_Smart_Meter_and_Pump_Stocks\"><\/span><strong>What Are Power Cable, Smart Meter and Pump Stocks?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>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.<\/p>\n<h2><span class=\"ez-toc-section\" id=\"Power_Cable_Smart_Meter_and_Pump_Stocks_at_a_Glance\"><\/span><strong>Power Cable, Smart Meter and Pump Stocks at a Glance<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>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.<\/p>\n<div style=\"overflow-x:auto;\">\n<table style=\"border-collapse:collapse;width:100%;\">\n<tr>\n<th style=\"border:1px solid #DDDDDD;padding:8px 10px;text-align:left;background:#F0F4F8;\">Company<\/th>\n<th style=\"border:1px solid #DDDDDD;padding:8px 10px;text-align:left;background:#F0F4F8;\">CMP (Rs)<\/th>\n<th style=\"border:1px solid #DDDDDD;padding:8px 10px;text-align:left;background:#F0F4F8;\">Market Cap (Rs Cr)<\/th>\n<th style=\"border:1px solid #DDDDDD;padding:8px 10px;text-align:left;background:#F0F4F8;\">P\/E<\/th>\n<th style=\"border:1px solid #DDDDDD;padding:8px 10px;text-align:left;background:#F0F4F8;\">Industry P\/E<\/th>\n<th style=\"border:1px solid #DDDDDD;padding:8px 10px;text-align:left;background:#F0F4F8;\">ROE<\/th>\n<th style=\"border:1px solid #DDDDDD;padding:8px 10px;text-align:left;background:#F0F4F8;\">Debt to Equity<\/th>\n<\/tr>\n<tr>\n<td style=\"border:1px solid #DDDDDD;padding:8px 10px;text-align:left;\"><a href=\"https:\/\/univest.in\/stocks\/univcables\/universal-cables-ltd-share-price-today\">Universal Cables<\/a><\/td>\n<td style=\"border:1px solid #DDDDDD;padding:8px 10px;text-align:left;\">1,449.30<\/td>\n<td style=\"border:1px solid #DDDDDD;padding:8px 10px;text-align:left;\">5,376<\/td>\n<td style=\"border:1px solid #DDDDDD;padding:8px 10px;text-align:left;\">26.88<\/td>\n<td style=\"border:1px solid #DDDDDD;padding:8px 10px;text-align:left;\">50.85<\/td>\n<td style=\"border:1px solid #DDDDDD;padding:8px 10px;text-align:left;\">8.71%<\/td>\n<td style=\"border:1px solid #DDDDDD;padding:8px 10px;text-align:left;\">0.62<\/td>\n<\/tr>\n<tr>\n<td style=\"border:1px solid #DDDDDD;padding:8px 10px;text-align:left;\"><a href=\"https:\/\/univest.in\/stocks\/hpl\/hpl-electric-power-ltd-share-price-today\">HPL Electric &amp; Power<\/a><\/td>\n<td style=\"border:1px solid #DDDDDD;padding:8px 10px;text-align:left;\">260.50<\/td>\n<td style=\"border:1px solid #DDDDDD;padding:8px 10px;text-align:left;\">1,649<\/td>\n<td style=\"border:1px solid #DDDDDD;padding:8px 10px;text-align:left;\">18.03<\/td>\n<td style=\"border:1px solid #DDDDDD;padding:8px 10px;text-align:left;\">47.09<\/td>\n<td style=\"border:1px solid #DDDDDD;padding:8px 10px;text-align:left;\">9.10%<\/td>\n<td style=\"border:1px solid #DDDDDD;padding:8px 10px;text-align:left;\">0.75<\/td>\n<\/tr>\n<tr>\n<td style=\"border:1px solid #DDDDDD;padding:8px 10px;text-align:left;\"><a href=\"https:\/\/univest.in\/stocks\/oswalpumps\/oswal-pumps-ltd-share-price-today\">Oswal Pumps<\/a><\/td>\n<td style=\"border:1px solid #DDDDDD;padding:8px 10px;text-align:left;\">248.40<\/td>\n<td style=\"border:1px solid #DDDDDD;padding:8px 10px;text-align:left;\">2,911<\/td>\n<td style=\"border:1px solid #DDDDDD;padding:8px 10px;text-align:left;\">8.67<\/td>\n<td style=\"border:1px solid #DDDDDD;padding:8px 10px;text-align:left;\">47.18<\/td>\n<td style=\"border:1px solid #DDDDDD;padding:8px 10px;text-align:left;\">22.36%<\/td>\n<td style=\"border:1px solid #DDDDDD;padding:8px 10px;text-align:left;\">0.14<\/td>\n<\/tr>\n<\/table>\n<\/div>\n<p>Among electricals and engineering stocks, all three trade at a discount to their industry P\/E multiples.<\/p>\n<h2><span class=\"ez-toc-section\" id=\"Why_Do_Power_Cable_Smart_Meter_and_Pump_Stocks_Have_a_Strong_Roadmap_in_India\"><\/span><strong>Why Do Power Cable, Smart Meter and Pump Stocks Have a Strong Roadmap in India?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>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.<\/p>\n<ul>\n<li><strong>Grid and rail projects:<\/strong> Utilities and railways buy power and signalling cables.<\/li>\n<li><strong>Smart metering:<\/strong> Utilities replace old meters with smart ones.<\/li>\n<li><strong>Pump demand:<\/strong> Farms and homes buy solar and conventional pumps.<\/li>\n<\/ul>\n<h2><span class=\"ez-toc-section\" id=\"Universal_Cables_Power_Cable_Demand_Anchors_the_Roadmap\"><\/span><strong>Universal Cables: Power Cable Demand Anchors the Roadmap<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>Universal Cables&#8217; roadmap rests on power cables, railway cables and related products for utilities and industrial customers, with grid, rail and industrial spending supporting order inflows.<\/p>\n<p>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.<\/p>\n<p>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.<\/p>\n<p>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.<\/p>\n<h2><span class=\"ez-toc-section\" id=\"HPL_Electric_Power_Smart_Meters_and_Switchgear_Anchor_the_Roadmap\"><\/span><strong>HPL Electric &amp; Power: Smart Meters and Switchgear Anchor the Roadmap<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>HPL Electric&#8217;s roadmap rests on smart meters, switchgear, lighting and wiring products, with the smart meter rollout supporting orders.<\/p>\n<p>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.<\/p>\n<p>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.<\/p>\n<p>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&#8217; growth is the figure to follow.<\/p>\n<h2><span class=\"ez-toc-section\" id=\"Oswal_Pumps_Solar_and_Agricultural_Pumps_Anchor_the_Roadmap\"><\/span><strong>Oswal Pumps: Solar and Agricultural Pumps Anchor the Roadmap<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>Oswal Pumps&#8217; roadmap rests on pumps for agriculture, homes and industry, including solar-powered pumps, with rising farm electrification and solar pumping demand supporting volumes.<\/p>\n<p>FY26 revenue was Rs 2,085.91 crore, 45.6% higher than FY25. FY26 net profit rose 35.0% to Rs 376.28 crore.<\/p>\n<p>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.<\/p>\n<p>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&#8217; growth is the figure to follow.<\/p>\n<h2><span class=\"ez-toc-section\" id=\"Best_Power_Cable_Smart_Meter_and_Pump_Stocks_in_India_Universal_Cables_vs_HPL_Electric_vs_Oswal_Pumps_on_Key_Financials\"><\/span><strong>Best Power Cable, Smart Meter and Pump Stocks in India: Universal Cables vs HPL Electric vs Oswal Pumps on Key Financials<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>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.<\/p>\n<div style=\"overflow-x:auto;\">\n<table style=\"border-collapse:collapse;width:100%;\">\n<tr>\n<th style=\"border:1px solid #DDDDDD;padding:8px 10px;text-align:left;background:#F0F4F8;\">Metric<\/th>\n<th style=\"border:1px solid #DDDDDD;padding:8px 10px;text-align:left;background:#F0F4F8;\">Universal Cables<\/th>\n<th style=\"border:1px solid #DDDDDD;padding:8px 10px;text-align:left;background:#F0F4F8;\">HPL Electric<\/th>\n<th style=\"border:1px solid #DDDDDD;padding:8px 10px;text-align:left;background:#F0F4F8;\">Oswal Pumps<\/th>\n<\/tr>\n<tr>\n<td style=\"border:1px solid #DDDDDD;padding:8px 10px;text-align:left;\">FY26 revenue (Rs Cr)<\/td>\n<td style=\"border:1px solid #DDDDDD;padding:8px 10px;text-align:left;\">3,051.40<\/td>\n<td style=\"border:1px solid #DDDDDD;padding:8px 10px;text-align:left;\">1,815.93<\/td>\n<td style=\"border:1px solid #DDDDDD;padding:8px 10px;text-align:left;\">2,085.91<\/td>\n<\/tr>\n<tr>\n<td style=\"border:1px solid #DDDDDD;padding:8px 10px;text-align:left;\">FY26 revenue growth<\/td>\n<td style=\"border:1px solid #DDDDDD;padding:8px 10px;text-align:left;\">25.2%<\/td>\n<td style=\"border:1px solid #DDDDDD;padding:8px 10px;text-align:left;\">6.5%<\/td>\n<td style=\"border:1px solid #DDDDDD;padding:8px 10px;text-align:left;\">45.6%<\/td>\n<\/tr>\n<tr>\n<td style=\"border:1px solid #DDDDDD;padding:8px 10px;text-align:left;\">FY26 net profit (Rs Cr)<\/td>\n<td style=\"border:1px solid #DDDDDD;padding:8px 10px;text-align:left;\">163.11<\/td>\n<td style=\"border:1px solid #DDDDDD;padding:8px 10px;text-align:left;\">91.25<\/td>\n<td style=\"border:1px solid #DDDDDD;padding:8px 10px;text-align:left;\">376.28<\/td>\n<\/tr>\n<tr>\n<td style=\"border:1px solid #DDDDDD;padding:8px 10px;text-align:left;\">Return on equity<\/td>\n<td style=\"border:1px solid #DDDDDD;padding:8px 10px;text-align:left;\">8.71%<\/td>\n<td style=\"border:1px solid #DDDDDD;padding:8px 10px;text-align:left;\">9.10%<\/td>\n<td style=\"border:1px solid #DDDDDD;padding:8px 10px;text-align:left;\">22.36%<\/td>\n<\/tr>\n<tr>\n<td style=\"border:1px solid #DDDDDD;padding:8px 10px;text-align:left;\">P\/E ratio<\/td>\n<td style=\"border:1px solid #DDDDDD;padding:8px 10px;text-align:left;\">26.88<\/td>\n<td style=\"border:1px solid #DDDDDD;padding:8px 10px;text-align:left;\">18.03<\/td>\n<td style=\"border:1px solid #DDDDDD;padding:8px 10px;text-align:left;\">8.67<\/td>\n<\/tr>\n<tr>\n<td style=\"border:1px solid #DDDDDD;padding:8px 10px;text-align:left;\">Debt to equity<\/td>\n<td style=\"border:1px solid #DDDDDD;padding:8px 10px;text-align:left;\">0.62<\/td>\n<td style=\"border:1px solid #DDDDDD;padding:8px 10px;text-align:left;\">0.75<\/td>\n<td style=\"border:1px solid #DDDDDD;padding:8px 10px;text-align:left;\">0.14<\/td>\n<\/tr>\n<tr>\n<td style=\"border:1px solid #DDDDDD;padding:8px 10px;text-align:left;\">Dividend yield<\/td>\n<td style=\"border:1px solid #DDDDDD;padding:8px 10px;text-align:left;\">0.29%<\/td>\n<td style=\"border:1px solid #DDDDDD;padding:8px 10px;text-align:left;\">0.39%<\/td>\n<td style=\"border:1px solid #DDDDDD;padding:8px 10px;text-align:left;\">0.00%<\/td>\n<\/tr>\n<\/table>\n<\/div>\n<p>Power and engineering earnings follow order flow, network additions and execution, so full-year numbers and quarterly trends together give a better view.<\/p>\n<h2><span class=\"ez-toc-section\" id=\"How_to_Evaluate_Power_Cable_Smart_Meter_and_Pump_Stocks_to_Buy_Before_You_Invest\"><\/span><strong>How to Evaluate Power Cable, Smart Meter and Pump Stocks to Buy Before You Invest<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>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.<\/p>\n<ol>\n<li>Compare each stock&#8217;s P\/E with its industry P\/E, which differs by company here.<\/li>\n<li>Check operating margin, debt and cash flow together.<\/li>\n<li>Check whether revenue growth is turning into profit growth, not only sales.<\/li>\n<li>Read operating cash flow against capital expenditure to see how growth is funded.<\/li>\n<li>Watch debt to equity and interest cover before sizing a position.<\/li>\n<li>Spread exposure across companies and business lines instead of one demand cycle.<\/li>\n<\/ol>\n<p style=\"margin-top:24px;\"><a href=\"https:\/\/univest.in\/screeners\"><strong>Check the Univest Screener for live data on these power cable, smart meter and pump stocks<\/strong><\/a><\/p>\n<h2><span class=\"ez-toc-section\" id=\"Risks_to_Consider_Before_Investing_in_Power_Cable_Smart_Meter_and_Pump_Stocks\"><\/span><strong>Risks to Consider Before Investing in Power Cable, Smart Meter and Pump Stocks<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<ul>\n<li><strong>Order timing:<\/strong> Delays in customer projects can shift revenue between quarters.<\/li>\n<li><strong>Government spending:<\/strong> Changes in public budgets can affect orders.<\/li>\n<li><strong>Quarterly trends:<\/strong> A single weak quarter can change near-term earnings, so track results every quarter.<\/li>\n<\/ul>\n<p style=\"margin-top:24px;\"><em>Download the <a href=\"http:\/\/apps.apple.com\/in\/app\/univest-stocks-investment\/id6443753518\" rel=\"nofollow noopener\" target=\"_blank\">Univest iOS App<\/a> or <a href=\"http:\/\/play.google.com\/store\/apps\/details?id=com.univest.capp&#038;hl=en_IN\" rel=\"nofollow noopener\" target=\"_blank\">Univest Android App<\/a> to track Universal Cables, HPL Electric and Oswal Pumps live.<\/em><\/p>\n<p>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.<\/p>\n<p>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.<\/p>\n<p>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.<\/p>\n<p>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.<\/p>\n<h2><span class=\"ez-toc-section\" id=\"Final_Take_Which_Stock_Has_the_Strongest_Roadmap\"><\/span><strong>Final Take: Which Stock Has the Strongest Roadmap?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>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.<\/p>\n<p>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.<\/p>\n<div style=\"background:#CC0000;border-radius:8px;padding:16px 20px;margin:24px 0;\">\n<p style=\"color:#FFFFFF;font-size:13px;line-height:1.7;margin:0;\"><strong style=\"color:#FFFFFF;\">Disclaimer:<\/strong> 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).<\/p>\n<\/p><\/div>\n<h2><span class=\"ez-toc-section\" id=\"FAQs_on_Power_Cable_Smart_Meter_and_Pump_Stocks\"><\/span><strong>FAQs on Power Cable, Smart Meter and Pump Stocks<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<h3><span class=\"ez-toc-section\" id=\"Which_are_the_best_power_cable_smart_meter_and_pump_stocks_in_India_with_a_strong_roadmap\"><\/span><strong>Which are the best power cable, smart meter and pump stocks in India with a strong roadmap?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><strong>Ans.<\/strong> Universal Cables, HPL Electric &amp; 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%.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"Is_Universal_Cables_a_good_stock_to_buy_now\"><\/span><strong>Is Universal Cables a good stock to buy now?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><strong>Ans.<\/strong> 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.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"What_is_the_PE_ratio_of_Universal_Cables_HPL_Electric_and_Oswal_Pumps\"><\/span><strong>What is the P\/E ratio of Universal Cables, HPL Electric and Oswal Pumps?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><strong>Ans.<\/strong> 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.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"Which_of_these_power_cable_smart_meter_and_pump_stocks_has_the_highest_return_on_equity\"><\/span><strong>Which of these power cable, smart meter and pump stocks has the highest return on equity?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><strong>Ans.<\/strong> Oswal Pumps has the highest return on equity at 22.36%, followed by HPL Electric &amp; Power at 9.10% and Universal Cables at 8.71%.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"What_are_the_risks_of_investing_in_power_cable_smart_meter_and_pump_stocks\"><\/span><strong>What are the risks of investing in power cable, smart meter and pump stocks?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><strong>Ans.<\/strong> The main risks are order timing, government spending and quarterly trends. Delays in customer projects can shift revenue between quarters.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"How_did_Universal_Cables_HPL_Electric_and_Oswal_Pumps_perform_in_Q1_FY27\"><\/span><strong>How did Universal Cables, HPL Electric and Oswal Pumps perform in Q1 FY27?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><strong>Ans.<\/strong> Universal Cables reported revenue of Rs 948.18 crore, up 57.4% year on year. HPL Electric &amp; 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 .<\/p>\n<h3><span class=\"ez-toc-section\" id=\"Do_power_cable_smart_meter_and_pump_stocks_pay_dividends\"><\/span><strong>Do power cable, smart meter and pump stocks pay dividends?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><strong>Ans.<\/strong> 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.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"How_can_I_invest_in_power_cable_smart_meter_and_pump_stocks_in_India\"><\/span><strong>How can I invest in power cable, smart meter and pump stocks in India?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><strong>Ans.<\/strong> You can buy power cable, smart meter and pump stocks through a demat and trading account on NSE or BSE after checking each company&#8217;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.<\/p>\n<div class=\"faq-schema\"><script type=\"application\/ld+json\">{\"@context\":\"https:\/\/schema.org\",\"@type\":\"FAQPage\",\"mainEntity\":[{\"@type\":\"Question\",\"name\":\"Which are the best power cable, smart meter and pump stocks in India with a strong roadmap?\",\"acceptedAnswer\":{\"@type\":\"Answer\",\"text\":\"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%.\"}},{\"@type\":\"Question\",\"name\":\"Is Universal Cables a good stock to buy now?\",\"acceptedAnswer\":{\"@type\":\"Answer\",\"text\":\"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.\"}},{\"@type\":\"Question\",\"name\":\"What is the P\/E ratio of Universal Cables, HPL Electric and Oswal Pumps?\",\"acceptedAnswer\":{\"@type\":\"Answer\",\"text\":\"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.\"}},{\"@type\":\"Question\",\"name\":\"Which of these power cable, smart meter and pump stocks has the highest return on equity?\",\"acceptedAnswer\":{\"@type\":\"Answer\",\"text\":\"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%.\"}},{\"@type\":\"Question\",\"name\":\"What are the risks of investing in power cable, smart meter and pump stocks?\",\"acceptedAnswer\":{\"@type\":\"Answer\",\"text\":\"The main risks are order timing, government spending and quarterly trends. Delays in customer projects can shift revenue between quarters.\"}},{\"@type\":\"Question\",\"name\":\"How did Universal Cables, HPL Electric and Oswal Pumps perform in Q1 FY27?\",\"acceptedAnswer\":{\"@type\":\"Answer\",\"text\":\"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 .\"}},{\"@type\":\"Question\",\"name\":\"Do power cable, smart meter and pump stocks pay dividends?\",\"acceptedAnswer\":{\"@type\":\"Answer\",\"text\":\"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.\"}},{\"@type\":\"Question\",\"name\":\"How can I invest in power cable, smart meter and pump stocks in India?\",\"acceptedAnswer\":{\"@type\":\"Answer\",\"text\":\"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.\"}}]}<\/script><\/div>\n","protected":false},"excerpt":{"rendered":"<p>Universal Cables, HPL Electric &#038; Power and Oswal Pumps compared on growth, margins, debt and valuation, with the roadmap and risks investors should track.<\/p>\n","protected":false},"author":29,"featured_media":316169,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[845],"tags":[11142,12423,13210,13211,6813],"class_list":["post-316170","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-best-stocks","tag-oswal-pumps","tag-power-cable","tag-smart-meter-and-pump-stocks","tag-smart-meter-and-pump-stocks-to-buy","tag-universal-cables"],"metadata":{"rank_math_internal_links_processed":["1"],"_thumbnail_id":["316169"],"rank_math_title":["Power Cable, Smart Meter and Pump Stocks"],"rank_math_description":["Power cable, smart meter and pump stocks with a strong roadmap: Universal Cables, HPL Electric and Oswal Pumps compared on growth, margins, valuation and risks."],"rank_math_focus_keyword":["power cable, smart meter and pump stocks"],"rank_math_robots":["a:2:{i:0;s:7:\"noindex\";i:1;s:8:\"nofollow\";}"]},"jetpack_sharing_enabled":true,"jetpack_featured_media_url":"https:\/\/univest.in\/blogs-2\/wp-content\/uploads\/2026\/10\/3-power-cable-smart-meter-and-pump-stocks-with-a-strong-future-roadmap-universal.webp","_links":{"self":[{"href":"https:\/\/univest.in\/blogs-2\/wp-json\/wp\/v2\/posts\/316170","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/univest.in\/blogs-2\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/univest.in\/blogs-2\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/univest.in\/blogs-2\/wp-json\/wp\/v2\/users\/29"}],"replies":[{"embeddable":true,"href":"https:\/\/univest.in\/blogs-2\/wp-json\/wp\/v2\/comments?post=316170"}],"version-history":[{"count":1,"href":"https:\/\/univest.in\/blogs-2\/wp-json\/wp\/v2\/posts\/316170\/revisions"}],"predecessor-version":[{"id":316171,"href":"https:\/\/univest.in\/blogs-2\/wp-json\/wp\/v2\/posts\/316170\/revisions\/316171"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/univest.in\/blogs-2\/wp-json\/wp\/v2\/media\/316169"}],"wp:attachment":[{"href":"https:\/\/univest.in\/blogs-2\/wp-json\/wp\/v2\/media?parent=316170"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/univest.in\/blogs-2\/wp-json\/wp\/v2\/categories?post=316170"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/univest.in\/blogs-2\/wp-json\/wp\/v2\/tags?post=316170"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}