{"id":320227,"date":"2026-10-21T13:22:31","date_gmt":"2026-10-21T07:52:31","guid":{"rendered":"https:\/\/univest.in\/blogs-2\/?p=320227"},"modified":"2026-10-21T13:22:31","modified_gmt":"2026-10-21T07:52:31","slug":"abrasives-engines-and-cnc-machines-stocks-roadmap-catalyst-list","status":"publish","type":"post","link":"https:\/\/univest.in\/blogs-2\/abrasives-engines-and-cnc-machines-stocks-roadmap-catalyst-list\/","title":{"rendered":"3 Abrasives, Engines and CNC Machines Stocks With a Strong Future Roadmap: Grindwell Norton, Kirloskar Oil Engines and Jyoti CNC Automation"},"content":{"rendered":"<p style=\"border-left:4px solid #1F4E79;background:#EBF3FB;padding:10px 16px;font-style:italic;\"><em>Grindwell Norton, Kirloskar Oil Engines and Jyoti CNC Automation: ROE of 15.9% to 16.8% and FY22 to FY26 revenue CAGR of 11.3% to 30.2%. Prices as of 20 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;\">The three engineering products stocks to watch are Grindwell Norton, Kirloskar Oil Engines and Jyoti CNC Automation. Their return on equity ranges from 15.9% to 16.8%, and their revenue compound annual growth from FY22 to FY26 ranges from 11.3% to 30.2%. Jyoti CNC Automation has the highest return on equity at 16.8%, while Jyoti CNC Automation has the fastest revenue growth at 30.2% a year. Prices are based on the 20 October 2026 close, and this article is educational, not investment advice.<\/p>\n<\/div>\n<p>Engineering products stocks cover the tools, engines and machines that sit behind almost every manufacturing line. Grindwell Norton, Kirloskar Oil Engines and Jyoti CNC Automation make abrasives and industrial materials, engines and power equipment, and CNC machine tools.<\/p>\n<p>This list covers three engineering products stocks with complete current figures: Grindwell Norton, Kirloskar Oil Engines and Jyoti CNC Automation. Every figure comes from the latest reported financials and the 20 October 2026 market close. Companies without complete current figures were left out.<\/p>\n<p style=\"margin-top:24px;\"><strong><a href=\"https:\/\/univest.in\/user\/log-in?utm_source=blogs&#038;utm_medium=abrasives-engines-and-cnc-machines-stocks-roadmap-catalyst-list\">Click Here &#8211; Get Free Investment Predictions<\/a><\/strong><\/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\/abrasives-engines-and-cnc-machines-stocks-roadmap-catalyst-list\/#What_Are_Engineering_Products_Stocks\" title=\"What Are Engineering Products Stocks?\">What Are Engineering Products 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\/abrasives-engines-and-cnc-machines-stocks-roadmap-catalyst-list\/#Engineering_Products_Stocks_at_a_Glance\" title=\"Engineering Products Stocks at a Glance\">Engineering Products 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\/abrasives-engines-and-cnc-machines-stocks-roadmap-catalyst-list\/#Why_Do_Engineering_Products_Stocks_Have_a_Strong_Roadmap_in_India\" title=\"Why Do Engineering Products Stocks Have a Strong Roadmap in India?\">Why Do Engineering Products 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\/abrasives-engines-and-cnc-machines-stocks-roadmap-catalyst-list\/#Why_Grindwell_Norton_Features_Among_These_Engineering_Products_Stocks\" title=\"Why Grindwell Norton Features Among These Engineering Products Stocks\">Why Grindwell Norton Features Among These Engineering Products Stocks<\/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\/abrasives-engines-and-cnc-machines-stocks-roadmap-catalyst-list\/#Why_Kirloskar_Oil_Engines_Features_Among_These_Engineering_Products_Stocks\" title=\"Why Kirloskar Oil Engines Features Among These Engineering Products Stocks\">Why Kirloskar Oil Engines Features Among These Engineering Products Stocks<\/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\/abrasives-engines-and-cnc-machines-stocks-roadmap-catalyst-list\/#Why_Jyoti_CNC_Automation_Features_Among_These_Engineering_Products_Stocks\" title=\"Why Jyoti CNC Automation Features Among These Engineering Products Stocks\">Why Jyoti CNC Automation Features Among These Engineering Products Stocks<\/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\/abrasives-engines-and-cnc-machines-stocks-roadmap-catalyst-list\/#Grindwell_Norton_vs_Kirloskar_Oil_Engines_vs_Jyoti_CNC_Automation_on_Key_Financials\" title=\"Grindwell Norton vs Kirloskar Oil Engines vs Jyoti CNC Automation on Key Financials\">Grindwell Norton vs Kirloskar Oil Engines vs Jyoti CNC Automation 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\/abrasives-engines-and-cnc-machines-stocks-roadmap-catalyst-list\/#Key_Risks_to_Check_Before_Investing_in_Engineering_Products_Stocks\" title=\"Key Risks to Check Before Investing in Engineering Products Stocks\">Key Risks to Check Before Investing in Engineering Products Stocks<\/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\/abrasives-engines-and-cnc-machines-stocks-roadmap-catalyst-list\/#Final_Thoughts_on_Engineering_Products_Stocks\" title=\"Final Thoughts on Engineering Products Stocks\">Final Thoughts on Engineering Products Stocks<\/a><ul class='ez-toc-list-level-3' ><li class='ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-10\" href=\"https:\/\/univest.in\/blogs-2\/abrasives-engines-and-cnc-machines-stocks-roadmap-catalyst-list\/#What_are_engineering_products_stocks\" title=\"What are engineering products stocks?\">What are engineering products stocks?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-11\" href=\"https:\/\/univest.in\/blogs-2\/abrasives-engines-and-cnc-machines-stocks-roadmap-catalyst-list\/#Which_engineering_products_stocks_are_covered_in_this_list\" title=\"Which engineering products stocks are covered in this list?\">Which engineering products stocks are covered in this list?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-12\" href=\"https:\/\/univest.in\/blogs-2\/abrasives-engines-and-cnc-machines-stocks-roadmap-catalyst-list\/#Why_do_engineering_products_stocks_have_a_strong_future_roadmap_in_India\" title=\"Why do engineering products stocks have a strong future roadmap in India?\">Why do engineering products stocks have a strong future roadmap in India?<\/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\/abrasives-engines-and-cnc-machines-stocks-roadmap-catalyst-list\/#How_has_Grindwell_Norton_performed_financially\" title=\"How has Grindwell Norton performed financially?\">How has Grindwell Norton performed financially?<\/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\/abrasives-engines-and-cnc-machines-stocks-roadmap-catalyst-list\/#How_has_Kirloskar_Oil_Engines_performed_financially\" title=\"How has Kirloskar Oil Engines performed financially?\">How has Kirloskar Oil Engines performed financially?<\/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\/abrasives-engines-and-cnc-machines-stocks-roadmap-catalyst-list\/#How_has_Jyoti_CNC_Automation_performed_financially\" title=\"How has Jyoti CNC Automation performed financially?\">How has Jyoti CNC Automation performed financially?<\/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\/abrasives-engines-and-cnc-machines-stocks-roadmap-catalyst-list\/#What_risks_should_investors_check_before_buying_engineering_products_stocks\" title=\"What risks should investors check before buying engineering products stocks?\">What risks should investors check before buying engineering products 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\/abrasives-engines-and-cnc-machines-stocks-roadmap-catalyst-list\/#Is_this_list_of_engineering_products_stocks_investment_advice\" title=\"Is this list of engineering products stocks investment advice?\">Is this list of engineering products stocks investment advice?<\/a><\/li><\/ul><\/li><\/ul><\/nav><\/div>\n<h2><span class=\"ez-toc-section\" id=\"What_Are_Engineering_Products_Stocks\"><\/span><strong>What Are Engineering Products Stocks?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>Engineering products stocks are listed companies that make precision tools, engines, machines and industrial consumables. Their sales rise with factory output, infrastructure spending and the shift towards automation.<\/p>\n<h2><span class=\"ez-toc-section\" id=\"Engineering_Products_Stocks_at_a_Glance\"><\/span><strong>Engineering Products Stocks at a Glance<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<div style=\"overflow-x:auto;\">\n<table style=\"border-collapse:collapse;width:100%;\">\n<thead>\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;\">D\/E<\/th>\n<\/tr>\n<\/thead>\n<tbody>\n<tr>\n<td style=\"border:1px solid #DDDDDD;padding:8px 10px;text-align:left;\"><a href=\"https:\/\/univest.in\/stocks\/grindwell\/grindwell-norton-ltd-share-price-today\">Grindwell Norton<\/a><\/td>\n<td style=\"border:1px solid #DDDDDD;padding:8px 10px;text-align:left;\">1,826.8<\/td>\n<td style=\"border:1px solid #DDDDDD;padding:8px 10px;text-align:left;\">20,188<\/td>\n<td style=\"border:1px solid #DDDDDD;padding:8px 10px;text-align:left;\">46.1<\/td>\n<td style=\"border:1px solid #DDDDDD;padding:8px 10px;text-align:left;\">44.4<\/td>\n<td style=\"border:1px solid #DDDDDD;padding:8px 10px;text-align:left;\">16.4<\/td>\n<td style=\"border:1px solid #DDDDDD;padding:8px 10px;text-align:left;\">0.02<\/td>\n<\/tr>\n<tr>\n<td style=\"border:1px solid #DDDDDD;padding:8px 10px;text-align:left;\"><a href=\"https:\/\/univest.in\/stocks\/kirloseng\/kirloskar-oil-engines-ltd-share-price-today\">Kirloskar Oil Engines<\/a><\/td>\n<td style=\"border:1px solid #DDDDDD;padding:8px 10px;text-align:left;\">1,973.2<\/td>\n<td style=\"border:1px solid #DDDDDD;padding:8px 10px;text-align:left;\">28,722<\/td>\n<td style=\"border:1px solid #DDDDDD;padding:8px 10px;text-align:left;\">53.7<\/td>\n<td style=\"border:1px solid #DDDDDD;padding:8px 10px;text-align:left;\">44.4<\/td>\n<td style=\"border:1px solid #DDDDDD;padding:8px 10px;text-align:left;\">15.9<\/td>\n<td style=\"border:1px solid #DDDDDD;padding:8px 10px;text-align:left;\">1.48<\/td>\n<\/tr>\n<tr>\n<td style=\"border:1px solid #DDDDDD;padding:8px 10px;text-align:left;\"><a href=\"https:\/\/univest.in\/stocks\/jyoticnc\/jyoti-cnc-automation-ltd-share-price-today\">Jyoti CNC Automation<\/a><\/td>\n<td style=\"border:1px solid #DDDDDD;padding:8px 10px;text-align:left;\">975.8<\/td>\n<td style=\"border:1px solid #DDDDDD;padding:8px 10px;text-align:left;\">22,175<\/td>\n<td style=\"border:1px solid #DDDDDD;padding:8px 10px;text-align:left;\">68.9<\/td>\n<td style=\"border:1px solid #DDDDDD;padding:8px 10px;text-align:left;\">44.4<\/td>\n<td style=\"border:1px solid #DDDDDD;padding:8px 10px;text-align:left;\">16.8<\/td>\n<td style=\"border:1px solid #DDDDDD;padding:8px 10px;text-align:left;\">0.43<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<\/div>\n<p>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 engineering products stocks should look at return on equity and debt together, since a high return earned with low debt is easier to sustain.<\/p>\n<h2><span class=\"ez-toc-section\" id=\"Why_Do_Engineering_Products_Stocks_Have_a_Strong_Roadmap_in_India\"><\/span><strong>Why Do Engineering Products Stocks Have a Strong Roadmap in India?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>Engineering products stocks have a strong roadmap in India because manufacturing is expanding, factories are automating and customers prefer reliable local suppliers.<\/p>\n<ul>\n<li><strong>Manufacturing growth.<\/strong> Rising factory output increases demand for abrasives, tools and machines.<\/li>\n<li><strong>Automation.<\/strong> CNC and precision machines replace manual processes in auto, aerospace and defence supply chains.<\/li>\n<li><strong>Backup power and engines.<\/strong> Engines serve farms, infrastructure and standby power uses.<\/li>\n<\/ul>\n<h2><span class=\"ez-toc-section\" id=\"Why_Grindwell_Norton_Features_Among_These_Engineering_Products_Stocks\"><\/span><strong>Why Grindwell Norton Features Among These Engineering Products Stocks<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>Among the engineering products stocks on this list, Grindwell Norton, a Saint-Gobain group company, makes abrasives, ceramics and plastics products, including grinding wheels, coated abrasives and silicon carbide.<\/p>\n<p>The company has a return on equity of 16.4%, a debt to equity ratio of 0.02 and a market capitalisation of Rs 20,188 crore. The stock trades at a P\/E of 46.1, above the industry P\/E of 44.4.<\/p>\n<p>Revenue rose from Rs 2,066 crore in FY22 to Rs 3,168 crore in FY26, a compound annual growth rate of 11.3%. Net profit grew from Rs 295 crore in FY22 to Rs 417 crore in FY26, which works out to a compound annual growth rate of 9.0%. In the June 2026 quarter, revenue grew 13.8% year on year to Rs 828 crore, while net profit rose 22.1% to Rs 115 crore.<\/p>\n<p><strong>Roadmap:<\/strong> Demand from automobiles, steel, infrastructure and general manufacturing supports its core abrasives range, while ceramics and plastics offer higher-value niches. The group&#8217;s technology support and a debt-free balance sheet allow it to add capacity at its own pace.<\/p>\n<p><strong>What to watch:<\/strong> Keep tabs on industrial activity and input costs for raw materials such as silicon carbide.<\/p>\n<h2><span class=\"ez-toc-section\" id=\"Why_Kirloskar_Oil_Engines_Features_Among_These_Engineering_Products_Stocks\"><\/span><strong>Why Kirloskar Oil Engines Features Among These Engineering Products Stocks<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>Among the engineering products shares on this list, Kirloskar Oil Engines, based in Pune, makes diesel and gas engines, generator sets, pumps and power solutions for industrial, farm and infrastructure use.<\/p>\n<p>Revenue rose from Rs 4,049 crore in FY22 to Rs 7,772 crore in FY26, a compound annual growth rate of 17.7%. Net profit grew from Rs 171 crore in FY22 to Rs 558 crore in FY26, which works out to a compound annual growth rate of 34.4%.<\/p>\n<p>In the June 2026 quarter, revenue grew 12.1% year on year to Rs 2,015 crore. The company has a return on equity of 15.9%, a debt to equity ratio of 1.48 and a market capitalisation of Rs 28,722 crore. The stock trades at a P\/E of 53.7, above the industry P\/E of 44.4.<\/p>\n<p><strong>Roadmap:<\/strong> Backup power demand from data centres, telecom and infrastructure, a growing exports business and new alternative-fuel engines give it several tracks for growth. A large service network helps it hold on to customers across product cycles.<\/p>\n<p><strong>What to watch:<\/strong> Watch order intake from data centres and the pace of new product launches in cleaner fuels.<\/p>\n<h2><span class=\"ez-toc-section\" id=\"Why_Jyoti_CNC_Automation_Features_Among_These_Engineering_Products_Stocks\"><\/span><strong>Why Jyoti CNC Automation Features Among These Engineering Products Stocks<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>Among the three companies on this list, Jyoti CNC Automation, based in Rajkot, makes computer numerical control machines, including multi-axis machining centres, for aerospace, defence, auto and general engineering customers.<\/p>\n<p>In the June 2026 quarter, revenue grew 19.0% year on year to Rs 512 crore. Revenue rose from Rs 750 crore in FY22 to Rs 2,154 crore in FY26, a compound annual growth rate of 30.2%.<\/p>\n<p>Net profit grew from Rs 151 crore in FY24 to Rs 336 crore in FY26, which works out to a compound annual growth rate of 49.2%. The company has a return on equity of 16.8%, a debt to equity ratio of 0.43 and a market capitalisation of Rs 22,175 crore. The stock trades at a P\/E of 68.9, above the industry P\/E of 44.4.<\/p>\n<p><strong>Roadmap:<\/strong> Defence and aerospace manufacturing, along with the shift to precision machining at Indian factories, supports demand for advanced CNC machines. The company has also built a presence in Europe through an acquisition, adding technology and customers abroad.<\/p>\n<p><strong>What to watch:<\/strong> Watch order book trends and how quickly the international business contributes.<\/p>\n<h2><span class=\"ez-toc-section\" id=\"Grindwell_Norton_vs_Kirloskar_Oil_Engines_vs_Jyoti_CNC_Automation_on_Key_Financials\"><\/span><strong>Grindwell Norton vs Kirloskar Oil Engines vs Jyoti CNC Automation on Key Financials<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>The table below sets the three engineering products stocks side by side on revenue, profit and margin, using reported figures.<\/p>\n<div style=\"overflow-x:auto;\">\n<table style=\"border-collapse:collapse;width:100%;\">\n<thead>\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;\">FY22 Revenue (Rs Cr)<\/th>\n<th style=\"border:1px solid #DDDDDD;padding:8px 10px;text-align:left;background:#F0F4F8;\">FY26 Revenue (Rs Cr)<\/th>\n<th style=\"border:1px solid #DDDDDD;padding:8px 10px;text-align:left;background:#F0F4F8;\">Revenue CAGR (FY22-FY26)<\/th>\n<th style=\"border:1px solid #DDDDDD;padding:8px 10px;text-align:left;background:#F0F4F8;\">FY26 Net Profit (Rs Cr)<\/th>\n<th style=\"border:1px solid #DDDDDD;padding:8px 10px;text-align:left;background:#F0F4F8;\">FY26 Net Margin<\/th>\n<\/tr>\n<\/thead>\n<tbody>\n<tr>\n<td style=\"border:1px solid #DDDDDD;padding:8px 10px;text-align:left;\">Grindwell Norton<\/td>\n<td style=\"border:1px solid #DDDDDD;padding:8px 10px;text-align:left;\">2,066<\/td>\n<td style=\"border:1px solid #DDDDDD;padding:8px 10px;text-align:left;\">3,168<\/td>\n<td style=\"border:1px solid #DDDDDD;padding:8px 10px;text-align:left;\">11.3%<\/td>\n<td style=\"border:1px solid #DDDDDD;padding:8px 10px;text-align:left;\">417<\/td>\n<td style=\"border:1px solid #DDDDDD;padding:8px 10px;text-align:left;\">13.2%<\/td>\n<\/tr>\n<tr>\n<td style=\"border:1px solid #DDDDDD;padding:8px 10px;text-align:left;\">Kirloskar Oil Engines<\/td>\n<td style=\"border:1px solid #DDDDDD;padding:8px 10px;text-align:left;\">4,049<\/td>\n<td style=\"border:1px solid #DDDDDD;padding:8px 10px;text-align:left;\">7,772<\/td>\n<td style=\"border:1px solid #DDDDDD;padding:8px 10px;text-align:left;\">17.7%<\/td>\n<td style=\"border:1px solid #DDDDDD;padding:8px 10px;text-align:left;\">558<\/td>\n<td style=\"border:1px solid #DDDDDD;padding:8px 10px;text-align:left;\">7.2%<\/td>\n<\/tr>\n<tr>\n<td style=\"border:1px solid #DDDDDD;padding:8px 10px;text-align:left;\">Jyoti CNC Automation<\/td>\n<td style=\"border:1px solid #DDDDDD;padding:8px 10px;text-align:left;\">750<\/td>\n<td style=\"border:1px solid #DDDDDD;padding:8px 10px;text-align:left;\">2,154<\/td>\n<td style=\"border:1px solid #DDDDDD;padding:8px 10px;text-align:left;\">30.2%<\/td>\n<td style=\"border:1px solid #DDDDDD;padding:8px 10px;text-align:left;\">336<\/td>\n<td style=\"border:1px solid #DDDDDD;padding:8px 10px;text-align:left;\">15.6%<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<\/div>\n<p>Jyoti CNC Automation posts the highest return on equity in this group at 16.8%. Kirloskar Oil Engines has the largest FY26 revenue at Rs 7,772 crore, and Jyoti CNC Automation shows the fastest revenue growth with a 30.2% compound annual rate. A useful habit with engineering products stocks is to check each new quarterly result against the capacity plans the company described earlier.<\/p>\n<p>The June 2026 quarter, the latest reported, gives a fresh read on momentum:<\/p>\n<div style=\"overflow-x:auto;\">\n<table style=\"border-collapse:collapse;width:100%;\">\n<thead>\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;\">Q1 FY26 Revenue (Rs Cr)<\/th>\n<th style=\"border:1px solid #DDDDDD;padding:8px 10px;text-align:left;background:#F0F4F8;\">Q1 FY27 Revenue (Rs Cr)<\/th>\n<th style=\"border:1px solid #DDDDDD;padding:8px 10px;text-align:left;background:#F0F4F8;\">Year-on-Year Growth<\/th>\n<\/tr>\n<\/thead>\n<tbody>\n<tr>\n<td style=\"border:1px solid #DDDDDD;padding:8px 10px;text-align:left;\">Grindwell Norton<\/td>\n<td style=\"border:1px solid #DDDDDD;padding:8px 10px;text-align:left;\">727<\/td>\n<td style=\"border:1px solid #DDDDDD;padding:8px 10px;text-align:left;\">828<\/td>\n<td style=\"border:1px solid #DDDDDD;padding:8px 10px;text-align:left;\">13.8%<\/td>\n<\/tr>\n<tr>\n<td style=\"border:1px solid #DDDDDD;padding:8px 10px;text-align:left;\">Kirloskar Oil Engines<\/td>\n<td style=\"border:1px solid #DDDDDD;padding:8px 10px;text-align:left;\">1,796<\/td>\n<td style=\"border:1px solid #DDDDDD;padding:8px 10px;text-align:left;\">2,015<\/td>\n<td style=\"border:1px solid #DDDDDD;padding:8px 10px;text-align:left;\">12.1%<\/td>\n<\/tr>\n<tr>\n<td style=\"border:1px solid #DDDDDD;padding:8px 10px;text-align:left;\">Jyoti CNC Automation<\/td>\n<td style=\"border:1px solid #DDDDDD;padding:8px 10px;text-align:left;\">431<\/td>\n<td style=\"border:1px solid #DDDDDD;padding:8px 10px;text-align:left;\">512<\/td>\n<td style=\"border:1px solid #DDDDDD;padding:8px 10px;text-align:left;\">19.0%<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<\/div>\n<h2><span class=\"ez-toc-section\" id=\"Key_Risks_to_Check_Before_Investing_in_Engineering_Products_Stocks\"><\/span><strong>Key Risks to Check Before Investing in Engineering Products Stocks<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>Every theme carries risks that deserve a check before any decision. For these engineering products stocks, the main points are: Long-term engineering products shares holders usually track revenue growth, margins and cash flow side by side rather than relying on a single ratio.<\/p>\n<ul>\n<li><strong>Industrial cycles.<\/strong> Demand for machines moves with capital spending by customers.<\/li>\n<li><strong>Raw material costs.<\/strong> Metals and other inputs influence margins.<\/li>\n<li><strong>Competition.<\/strong> Imported machines and global brands compete in several segments.<\/li>\n<\/ul>\n<p>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.<\/p>\n<p style=\"margin-top:24px;\"><strong><a href=\"https:\/\/univest.in\/screeners\">Use the Univest Stock Screener<\/a><\/strong> to filter engineering products stocks by market capitalisation, P\/E, ROE and growth, and build your own shortlist.<\/p>\n<h2><span class=\"ez-toc-section\" id=\"Final_Thoughts_on_Engineering_Products_Stocks\"><\/span><strong>Final Thoughts on Engineering Products Stocks<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>Engineering products stocks reward investors who follow manufacturing activity across sectors. Grindwell Norton, Kirloskar Oil Engines and Jyoti CNC Automation each supply a different layer of the factory floor. Based on the 20 October 2026 close, Grindwell Norton trades at Rs 1,826.8, Kirloskar Oil Engines at Rs 1,973.2 and Jyoti CNC Automation at Rs 975.8.<\/p>\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 engineering products stocks, set price alerts and get research-backed stock ideas.<\/em><\/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<\/div>\n<h3><span class=\"ez-toc-section\" id=\"What_are_engineering_products_stocks\"><\/span><strong>What are engineering products stocks?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><strong>Ans.<\/strong> Engineering products stocks are listed companies that make precision tools, engines, machines and industrial consumables. Their sales rise with factory output, infrastructure spending and the shift towards automation. This list looks at three of them, Grindwell Norton, Kirloskar Oil Engines and Jyoti CNC Automation, using reported FY22 to FY26 financials and the 20 October 2026 closing prices.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"Which_engineering_products_stocks_are_covered_in_this_list\"><\/span><strong>Which engineering products stocks are covered in this list?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><strong>Ans.<\/strong> This list covers Grindwell Norton, Kirloskar Oil Engines and Jyoti CNC Automation. Based on the 20 October 2026 close, Grindwell Norton traded at Rs 1,826.8, Kirloskar Oil Engines at Rs 1,973.2 and Jyoti CNC Automation at Rs 975.8. Their return on equity ranges from 15.9% to 16.8%, and their revenue compound annual growth from FY22 to FY26 ranges from 11.3% to 30.2%.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"Why_do_engineering_products_stocks_have_a_strong_future_roadmap_in_India\"><\/span><strong>Why do engineering products stocks have a strong future roadmap in India?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><strong>Ans.<\/strong> Engineering products stocks have a strong roadmap in India because manufacturing is expanding, factories are automating and customers prefer reliable local suppliers. The main drivers are as follows. Manufacturing growth. Rising factory output increases demand for abrasives, tools and machines. Automation. CNC and precision machines replace manual processes in auto, aerospace and defence supply chains. Backup power and engines. Engines serve farms, infrastructure and standby power uses. Together these factors give the companies on this list a visible path for growth over the coming years.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"How_has_Grindwell_Norton_performed_financially\"><\/span><strong>How has Grindwell Norton performed financially?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><strong>Ans.<\/strong> Revenue rose from Rs 2,066 crore in FY22 to Rs 3,168 crore in FY26, a compound annual growth rate of 11.3%. Net profit grew from Rs 295 crore in FY22 to Rs 417 crore in FY26, which works out to a compound annual growth rate of 9.0%. In the June 2026 quarter, revenue grew 13.8% year on year to Rs 828 crore, while net profit rose 22.1% to Rs 115 crore. The company has a return on equity of 16.4%, a debt to equity ratio of 0.02 and a market capitalisation of Rs 20,188 crore. The stock trades at a P\/E of 46.1, above the industry P\/E of 44.4. Looking ahead, demand from automobiles, steel, infrastructure and general manufacturing supports its core abrasives range, while ceramics and plastics offer higher-value niches. The group&#8217;s technology support and a debt-free balance sheet allow it to add capacity at its own pace.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"How_has_Kirloskar_Oil_Engines_performed_financially\"><\/span><strong>How has Kirloskar Oil Engines performed financially?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><strong>Ans.<\/strong> Revenue rose from Rs 4,049 crore in FY22 to Rs 7,772 crore in FY26, a compound annual growth rate of 17.7%. Net profit grew from Rs 171 crore in FY22 to Rs 558 crore in FY26, which works out to a compound annual growth rate of 34.4%. In the June 2026 quarter, revenue grew 12.1% year on year to Rs 2,015 crore. The company has a return on equity of 15.9%, a debt to equity ratio of 1.48 and a market capitalisation of Rs 28,722 crore. The stock trades at a P\/E of 53.7, above the industry P\/E of 44.4. Looking ahead, backup power demand from data centres, telecom and infrastructure, a growing exports business and new alternative-fuel engines give it several tracks for growth. A large service network helps it hold on to customers across product cycles.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"How_has_Jyoti_CNC_Automation_performed_financially\"><\/span><strong>How has Jyoti CNC Automation performed financially?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><strong>Ans.<\/strong> Revenue rose from Rs 750 crore in FY22 to Rs 2,154 crore in FY26, a compound annual growth rate of 30.2%. Net profit grew from Rs 151 crore in FY24 to Rs 336 crore in FY26, which works out to a compound annual growth rate of 49.2%. In the June 2026 quarter, revenue grew 19.0% year on year to Rs 512 crore. The company has a return on equity of 16.8%, a debt to equity ratio of 0.43 and a market capitalisation of Rs 22,175 crore. The stock trades at a P\/E of 68.9, above the industry P\/E of 44.4. Looking ahead, defence and aerospace manufacturing, along with the shift to precision machining at Indian factories, supports demand for advanced CNC machines. The company has also built a presence in Europe through an acquisition, adding technology and customers abroad.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"What_risks_should_investors_check_before_buying_engineering_products_stocks\"><\/span><strong>What risks should investors check before buying engineering products stocks?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><strong>Ans.<\/strong> Investors should check a few risks before buying engineering products stocks. Industrial cycles. Demand for machines moves with capital spending by customers. Raw material costs. Metals and other inputs influence margins. Competition. Imported machines and global brands compete in several segments. Reading the latest results presentation and comparing each company with its peers helps judge how these risks apply to each stock.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"Is_this_list_of_engineering_products_stocks_investment_advice\"><\/span><strong>Is this list of engineering products stocks investment advice?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><strong>Ans.<\/strong> 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.<\/p>\n<div class=\"faq-schema\"><script type=\"application\/ld+json\">{\"@context\":\"https:\/\/schema.org\",\"@type\":\"FAQPage\",\"mainEntity\":[{\"@type\":\"Question\",\"name\":\"What are engineering products stocks?\",\"acceptedAnswer\":{\"@type\":\"Answer\",\"text\":\"Engineering products stocks are listed companies that make precision tools, engines, machines and industrial consumables. Their sales rise with factory output, infrastructure spending and the shift towards automation. This list looks at three of them, Grindwell Norton, Kirloskar Oil Engines and Jyoti CNC Automation, using reported FY22 to FY26 financials and the 20 October 2026 closing prices.\"}},{\"@type\":\"Question\",\"name\":\"Which engineering products stocks are covered in this list?\",\"acceptedAnswer\":{\"@type\":\"Answer\",\"text\":\"This list covers Grindwell Norton, Kirloskar Oil Engines and Jyoti CNC Automation. Based on the 20 October 2026 close, Grindwell Norton traded at Rs 1,826.8, Kirloskar Oil Engines at Rs 1,973.2 and Jyoti CNC Automation at Rs 975.8. Their return on equity ranges from 15.9% to 16.8%, and their revenue compound annual growth from FY22 to FY26 ranges from 11.3% to 30.2%.\"}},{\"@type\":\"Question\",\"name\":\"Why do engineering products stocks have a strong future roadmap in India?\",\"acceptedAnswer\":{\"@type\":\"Answer\",\"text\":\"Engineering products stocks have a strong roadmap in India because manufacturing is expanding, factories are automating and customers prefer reliable local suppliers. The main drivers are as follows. Manufacturing growth. Rising factory output increases demand for abrasives, tools and machines. Automation. CNC and precision machines replace manual processes in auto, aerospace and defence supply chains. Backup power and engines. Engines serve farms, infrastructure and standby power uses. Together these factors give the companies on this list a visible path for growth over the coming years.\"}},{\"@type\":\"Question\",\"name\":\"How has Grindwell Norton performed financially?\",\"acceptedAnswer\":{\"@type\":\"Answer\",\"text\":\"Revenue rose from Rs 2,066 crore in FY22 to Rs 3,168 crore in FY26, a compound annual growth rate of 11.3%. Net profit grew from Rs 295 crore in FY22 to Rs 417 crore in FY26, which works out to a compound annual growth rate of 9.0%. In the June 2026 quarter, revenue grew 13.8% year on year to Rs 828 crore, while net profit rose 22.1% to Rs 115 crore. The company has a return on equity of 16.4%, a debt to equity ratio of 0.02 and a market capitalisation of Rs 20,188 crore. The stock trades at a P\/E of 46.1, above the industry P\/E of 44.4. Looking ahead, demand from automobiles, steel, infrastructure and general manufacturing supports its core abrasives range, while ceramics and plastics offer higher-value niches. The group's technology support and a debt-free balance sheet allow it to add capacity at its own pace.\"}},{\"@type\":\"Question\",\"name\":\"How has Kirloskar Oil Engines performed financially?\",\"acceptedAnswer\":{\"@type\":\"Answer\",\"text\":\"Revenue rose from Rs 4,049 crore in FY22 to Rs 7,772 crore in FY26, a compound annual growth rate of 17.7%. Net profit grew from Rs 171 crore in FY22 to Rs 558 crore in FY26, which works out to a compound annual growth rate of 34.4%. In the June 2026 quarter, revenue grew 12.1% year on year to Rs 2,015 crore. The company has a return on equity of 15.9%, a debt to equity ratio of 1.48 and a market capitalisation of Rs 28,722 crore. The stock trades at a P\/E of 53.7, above the industry P\/E of 44.4. Looking ahead, backup power demand from data centres, telecom and infrastructure, a growing exports business and new alternative-fuel engines give it several tracks for growth. 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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.\"}}]}<\/script><\/div>\n","protected":false},"excerpt":{"rendered":"<p>Engineering Products Stocks with a strong future roadmap: Grindwell Norton, Kirloskar Oil Engines and Jyoti CNC Automation. Compare price, valuation, return on equity and revenue growth as of 20 October 2026.<\/p>\n","protected":false},"author":34,"featured_media":320226,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[845],"tags":[3803,13911,13910,13913,10037,7052,13912],"class_list":["post-320227","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-best-stocks","tag-best-stocks","tag-engineering-products-shares","tag-engineering-products-stocks","tag-grindwell-norton","tag-jyoti-cnc-automation","tag-kirloskar-oil-engines","tag-machine-tools-stocks"],"metadata":{"rank_math_internal_links_processed":["1"],"_thumbnail_id":["320226"],"rank_math_title":["Engineering Products Stocks With a Strong Roadmap"],"rank_math_description":["Compare 3 engineering products stocks with a strong future roadmap on CMP, market cap, P\/E, ROE and revenue growth. 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