{"id":320368,"date":"2026-10-21T13:32:50","date_gmt":"2026-10-21T08:02:50","guid":{"rendered":"https:\/\/univest.in\/blogs-2\/?p=320368"},"modified":"2026-10-21T13:32:50","modified_gmt":"2026-10-21T08:02:50","slug":"engines-and-gensets-fans-and-cables-transformers-and-motors-stocks-roadmap-milestone-list","status":"publish","type":"post","link":"https:\/\/univest.in\/blogs-2\/engines-and-gensets-fans-and-cables-transformers-and-motors-stocks-roadmap-milestone-list\/","title":{"rendered":"3 Engines and Gensets, Fans and Cables, Transformers and Motors Stocks With a Strong Future Roadmap: Cummins India, Havells India and CG Power and Industrial Solutions"},"content":{"rendered":"<p style=\"border-left:4px solid #1F4E79;background:#EBF3FB;padding:10px 16px;font-style:italic;\"><em>Cummins India, Havells India and CG Power and Industrial Solutions: ROE of 15.1% to 27.9% and FY22 to FY26 revenue CAGR of 13.0% to 23.1%. 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 electrical products stocks to watch are Cummins India, Havells India and CG Power and Industrial Solutions. Their return on equity ranges from 15.1% to 27.9%, and their revenue compound annual growth from FY22 to FY26 ranges from 13.0% to 23.1%. Cummins India has the highest return on equity at 27.9%, while CG Power and Industrial Solutions has the fastest revenue growth at 23.1% a year. Prices are based on the 20 October 2026 close, and this article is educational, not investment advice.<\/p>\n<\/div>\n<p>Electrical products stocks bring together the companies that supply power, wiring and equipment to homes, factories and the grid. Cummins India, Havells India and CG Power and Industrial Solutions cover engines and generator sets, consumer electricals and cables, and transformers and motors.<\/p>\n<p>This list covers three electrical products stocks with complete current figures: Cummins India, Havells India and CG Power and Industrial Solutions. 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=engines-and-gensets-fans-and-cables-transformers-and-motors-stocks-roadmap-milestone-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\/engines-and-gensets-fans-and-cables-transformers-and-motors-stocks-roadmap-milestone-list\/#What_Are_Electrical_Products_Stocks\" title=\"What Are Electrical Products Stocks?\">What Are Electrical 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\/engines-and-gensets-fans-and-cables-transformers-and-motors-stocks-roadmap-milestone-list\/#Electrical_Products_Stocks_at_a_Glance\" title=\"Electrical Products Stocks at a Glance\">Electrical 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\/engines-and-gensets-fans-and-cables-transformers-and-motors-stocks-roadmap-milestone-list\/#Why_Do_Electrical_Products_Stocks_Have_a_Strong_Roadmap_in_India\" title=\"Why Do Electrical Products Stocks Have a Strong Roadmap in India?\">Why Do Electrical 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\/engines-and-gensets-fans-and-cables-transformers-and-motors-stocks-roadmap-milestone-list\/#Why_Cummins_India_Features_Among_These_Electrical_Products_Stocks\" title=\"Why Cummins India Features Among These Electrical Products Stocks\">Why Cummins India Features Among These Electrical 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\/engines-and-gensets-fans-and-cables-transformers-and-motors-stocks-roadmap-milestone-list\/#Why_Havells_India_Features_Among_These_Electrical_Products_Stocks\" title=\"Why Havells India Features Among These Electrical Products Stocks\">Why Havells India Features Among These Electrical 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\/engines-and-gensets-fans-and-cables-transformers-and-motors-stocks-roadmap-milestone-list\/#Why_CG_Power_and_Industrial_Solutions_Features_Among_These_Electrical_Products_Stocks\" title=\"Why CG Power and Industrial Solutions Features Among These Electrical Products Stocks\">Why CG Power and Industrial Solutions Features Among These Electrical 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\/engines-and-gensets-fans-and-cables-transformers-and-motors-stocks-roadmap-milestone-list\/#Cummins_India_vs_Havells_India_vs_CG_Power_and_Industrial_Solutions_on_Key_Financials\" title=\"Cummins India vs Havells India vs CG Power and Industrial Solutions on Key Financials\">Cummins India vs Havells India vs CG Power and Industrial Solutions 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\/engines-and-gensets-fans-and-cables-transformers-and-motors-stocks-roadmap-milestone-list\/#Key_Risks_to_Check_Before_Investing_in_Electrical_Products_Stocks\" title=\"Key Risks to Check Before Investing in Electrical Products Stocks\">Key Risks to Check Before Investing in Electrical 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\/engines-and-gensets-fans-and-cables-transformers-and-motors-stocks-roadmap-milestone-list\/#Final_Thoughts_on_Electrical_Products_Stocks\" title=\"Final Thoughts on Electrical Products Stocks\">Final Thoughts on Electrical 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\/engines-and-gensets-fans-and-cables-transformers-and-motors-stocks-roadmap-milestone-list\/#What_are_electrical_products_stocks\" title=\"What are electrical products stocks?\">What are electrical 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\/engines-and-gensets-fans-and-cables-transformers-and-motors-stocks-roadmap-milestone-list\/#Which_electrical_products_stocks_are_covered_in_this_list\" title=\"Which electrical products stocks are covered in this list?\">Which electrical 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\/engines-and-gensets-fans-and-cables-transformers-and-motors-stocks-roadmap-milestone-list\/#Why_do_electrical_products_stocks_have_a_strong_future_roadmap_in_India\" title=\"Why do electrical products stocks have a strong future roadmap in India?\">Why do electrical 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\/engines-and-gensets-fans-and-cables-transformers-and-motors-stocks-roadmap-milestone-list\/#How_has_Cummins_India_performed_financially\" title=\"How has Cummins India performed financially?\">How has Cummins India 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\/engines-and-gensets-fans-and-cables-transformers-and-motors-stocks-roadmap-milestone-list\/#How_has_Havells_India_performed_financially\" title=\"How has Havells India performed financially?\">How has Havells India 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\/engines-and-gensets-fans-and-cables-transformers-and-motors-stocks-roadmap-milestone-list\/#How_has_CG_Power_and_Industrial_Solutions_performed_financially\" title=\"How has CG Power and Industrial Solutions performed financially?\">How has CG Power and Industrial Solutions 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\/engines-and-gensets-fans-and-cables-transformers-and-motors-stocks-roadmap-milestone-list\/#What_risks_should_investors_check_before_buying_electrical_products_stocks\" title=\"What risks should investors check before buying electrical products stocks?\">What risks should investors check before buying electrical 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\/engines-and-gensets-fans-and-cables-transformers-and-motors-stocks-roadmap-milestone-list\/#Is_this_list_of_electrical_products_stocks_investment_advice\" title=\"Is this list of electrical products stocks investment advice?\">Is this list of electrical products stocks investment advice?<\/a><\/li><\/ul><\/li><\/ul><\/nav><\/div>\n<h2><span class=\"ez-toc-section\" id=\"What_Are_Electrical_Products_Stocks\"><\/span><strong>What Are Electrical Products Stocks?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>Electrical products stocks are listed companies that make engines, gensets, cables, switchgear, appliances, motors and transformers. Their earnings follow housing activity, factory investment and spending on power networks.<\/p>\n<h2><span class=\"ez-toc-section\" id=\"Electrical_Products_Stocks_at_a_Glance\"><\/span><strong>Electrical 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\/cumminsind\/cummins-india-ltd-share-price-today\">Cummins India<\/a><\/td>\n<td style=\"border:1px solid #DDDDDD;padding:8px 10px;text-align:left;\">4,612<\/td>\n<td style=\"border:1px solid #DDDDDD;padding:8px 10px;text-align:left;\">127,515<\/td>\n<td style=\"border:1px solid #DDDDDD;padding:8px 10px;text-align:left;\">53.9<\/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;\">27.9<\/td>\n<td style=\"border:1px solid #DDDDDD;padding:8px 10px;text-align:left;\">0.00<\/td>\n<\/tr>\n<tr>\n<td style=\"border:1px solid #DDDDDD;padding:8px 10px;text-align:left;\"><a href=\"https:\/\/univest.in\/stocks\/havells\/havells-india-ltd-share-price-today\">Havells India<\/a><\/td>\n<td style=\"border:1px solid #DDDDDD;padding:8px 10px;text-align:left;\">1,102.7<\/td>\n<td style=\"border:1px solid #DDDDDD;padding:8px 10px;text-align:left;\">68,928<\/td>\n<td style=\"border:1px solid #DDDDDD;padding:8px 10px;text-align:left;\">42.2<\/td>\n<td style=\"border:1px solid #DDDDDD;padding:8px 10px;text-align:left;\">44.3<\/td>\n<td style=\"border:1px solid #DDDDDD;padding:8px 10px;text-align:left;\">17.9<\/td>\n<td style=\"border:1px solid #DDDDDD;padding:8px 10px;text-align:left;\">0.03<\/td>\n<\/tr>\n<tr>\n<td style=\"border:1px solid #DDDDDD;padding:8px 10px;text-align:left;\"><a href=\"https:\/\/univest.in\/stocks\/cgpower\/cg-power-and-industrial-solutions-ltd-share-price-today\">CG Power and Industrial Solutions<\/a><\/td>\n<td style=\"border:1px solid #DDDDDD;padding:8px 10px;text-align:left;\">855<\/td>\n<td style=\"border:1px solid #DDDDDD;padding:8px 10px;text-align:left;\">134,561<\/td>\n<td style=\"border:1px solid #DDDDDD;padding:8px 10px;text-align:left;\">108.5<\/td>\n<td style=\"border:1px solid #DDDDDD;padding:8px 10px;text-align:left;\">43.9<\/td>\n<td style=\"border:1px solid #DDDDDD;padding:8px 10px;text-align:left;\">15.1<\/td>\n<td style=\"border:1px solid #DDDDDD;padding:8px 10px;text-align:left;\">0.01<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<\/div>\n<p>On valuation, Havells India trades at a P\/E below the industry P\/E, while Cummins India and CG Power and Industrial Solutions trade above it, which reflects the growth the market already expects. Readers comparing electrical 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_Electrical_Products_Stocks_Have_a_Strong_Roadmap_in_India\"><\/span><strong>Why Do Electrical Products Stocks Have a Strong Roadmap in India?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>Electrical products stocks have a strong roadmap in India because growth in housing, data centres, manufacturing and the power grid all raise the need for electrical equipment.<\/p>\n<ul>\n<li><strong>Grid investment.<\/strong> Transmission and distribution expansion drives demand for transformers and switchgear.<\/li>\n<li><strong>Data centre demand.<\/strong> Backup power systems are required in new data centres.<\/li>\n<li><strong>Home electrification.<\/strong> Rising incomes lift sales of fans, lighting, cables and appliances.<\/li>\n<\/ul>\n<h2><span class=\"ez-toc-section\" id=\"Why_Cummins_India_Features_Among_These_Electrical_Products_Stocks\"><\/span><strong>Why Cummins India Features Among These Electrical Products Stocks<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>Among the electrical products stocks on this list, Cummins India makes diesel and natural gas engines, generator sets, filtration products and power systems for infrastructure, data centres and industrial customers, and it also exports.<\/p>\n<p>The company has a return on equity of 27.9%, a debt to equity ratio of 0.00 and a market capitalisation of Rs 127,515 crore. The stock trades at a P\/E of 53.9, above the industry P\/E of 44.4.<\/p>\n<p>Revenue rose from Rs 6,414 crore in FY22 to Rs 12,661 crore in FY26, a compound annual growth rate of 18.5%. Net profit grew from Rs 934 crore in FY22 to Rs 2,362 crore in FY26, which works out to a compound annual growth rate of 26.1%. In the June 2026 quarter, revenue grew 17.2% year on year to Rs 3,563 crore, while net profit rose 0.9% to Rs 609 crore.<\/p>\n<p><strong>Roadmap:<\/strong> The company benefits from demand for backup power at data centres, infrastructure projects and industrial plants, and it is widening its export base. A debt-free balance sheet supports capacity additions and new product lines.<\/p>\n<p><strong>What to watch:<\/strong> Track demand from data centres and new infrastructure and the growth of exports.<\/p>\n<h2><span class=\"ez-toc-section\" id=\"Why_Havells_India_Features_Among_These_Electrical_Products_Stocks\"><\/span><strong>Why Havells India Features Among These Electrical Products Stocks<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>Among the electrical goods shares on this list, Havells India is a leading electrical products company that sells fans, lighting, switchgear, wires and cables, and consumer appliances, along with Lloyd air conditioners.<\/p>\n<p>Revenue rose from Rs 14,099 crore in FY22 to Rs 23,022 crore in FY26, a compound annual growth rate of 13.0%. Net profit grew from Rs 1,196 crore in FY22 to Rs 1,689 crore in FY26, which works out to a compound annual growth rate of 9.0%.<\/p>\n<p>In the June 2026 quarter, revenue grew 19.0% year on year to Rs 6,572 crore. The company has a return on equity of 17.9%, a debt to equity ratio of 0.03 and a market capitalisation of Rs 68,928 crore. The stock trades at a P\/E of 42.2, below the industry P\/E of 44.3.<\/p>\n<p><strong>Roadmap:<\/strong> The company sells through a wide dealer network and keeps adding premium products and new categories such as air conditioners and water heaters. Capacity expansion in cables and appliances supports future growth.<\/p>\n<p><strong>What to watch:<\/strong> Check growth in the cables and Lloyd air conditioner businesses.<\/p>\n<h2><span class=\"ez-toc-section\" id=\"Why_CG_Power_and_Industrial_Solutions_Features_Among_These_Electrical_Products_Stocks\"><\/span><strong>Why CG Power and Industrial Solutions Features Among These Electrical Products Stocks<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>Among the three companies on this list, CG Power and Industrial Solutions makes transformers, motors, switchgear, drives and railway equipment for utilities, industry and railways, and has also entered semiconductor packaging.<\/p>\n<p>In the June 2026 quarter, revenue grew 15.8% year on year to Rs 3,364 crore, while net profit rose 15.5% to Rs 308 crore. Revenue rose from Rs 5,521 crore in FY22 to Rs 12,662 crore in FY26, a compound annual growth rate of 23.1%.<\/p>\n<p>Net profit grew from Rs 630 crore in FY22 to Rs 1,197 crore in FY26, which works out to a compound annual growth rate of 17.4%. The company has a return on equity of 15.1%, a debt to equity ratio of 0.01 and a market capitalisation of Rs 134,561 crore. The stock trades at a P\/E of 108.5, above the industry P\/E of 43.9.<\/p>\n<p><strong>Roadmap:<\/strong> The company is growing in power systems and industrial systems on the back of grid expansion and factory investment. It has built an outsourced semiconductor assembly and test plant, which opens a new technology line.<\/p>\n<p><strong>What to watch:<\/strong> Monitor the ramp-up of its semiconductor facility and order intake in power systems.<\/p>\n<h2><span class=\"ez-toc-section\" id=\"Cummins_India_vs_Havells_India_vs_CG_Power_and_Industrial_Solutions_on_Key_Financials\"><\/span><strong>Cummins India vs Havells India vs CG Power and Industrial Solutions on Key Financials<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>The table below sets the three electrical 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;\">Cummins India<\/td>\n<td style=\"border:1px solid #DDDDDD;padding:8px 10px;text-align:left;\">6,414<\/td>\n<td style=\"border:1px solid #DDDDDD;padding:8px 10px;text-align:left;\">12,661<\/td>\n<td style=\"border:1px solid #DDDDDD;padding:8px 10px;text-align:left;\">18.5%<\/td>\n<td style=\"border:1px solid #DDDDDD;padding:8px 10px;text-align:left;\">2,362<\/td>\n<td style=\"border:1px solid #DDDDDD;padding:8px 10px;text-align:left;\">18.7%<\/td>\n<\/tr>\n<tr>\n<td style=\"border:1px solid #DDDDDD;padding:8px 10px;text-align:left;\">Havells India<\/td>\n<td style=\"border:1px solid #DDDDDD;padding:8px 10px;text-align:left;\">14,099<\/td>\n<td style=\"border:1px solid #DDDDDD;padding:8px 10px;text-align:left;\">23,022<\/td>\n<td style=\"border:1px solid #DDDDDD;padding:8px 10px;text-align:left;\">13.0%<\/td>\n<td style=\"border:1px solid #DDDDDD;padding:8px 10px;text-align:left;\">1,689<\/td>\n<td style=\"border:1px solid #DDDDDD;padding:8px 10px;text-align:left;\">7.3%<\/td>\n<\/tr>\n<tr>\n<td style=\"border:1px solid #DDDDDD;padding:8px 10px;text-align:left;\">CG Power and Industrial Solutions<\/td>\n<td style=\"border:1px solid #DDDDDD;padding:8px 10px;text-align:left;\">5,521<\/td>\n<td style=\"border:1px solid #DDDDDD;padding:8px 10px;text-align:left;\">12,662<\/td>\n<td style=\"border:1px solid #DDDDDD;padding:8px 10px;text-align:left;\">23.1%<\/td>\n<td style=\"border:1px solid #DDDDDD;padding:8px 10px;text-align:left;\">1,197<\/td>\n<td style=\"border:1px solid #DDDDDD;padding:8px 10px;text-align:left;\">9.5%<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<\/div>\n<p>Cummins India posts the highest return on equity in this group at 27.9%. Havells India has the largest FY26 revenue at Rs 23,022 crore, and CG Power and Industrial Solutions shows the fastest revenue growth with a 23.1% compound annual rate. A useful habit with electrical 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;\">Cummins India<\/td>\n<td style=\"border:1px solid #DDDDDD;padding:8px 10px;text-align:left;\">3,041<\/td>\n<td style=\"border:1px solid #DDDDDD;padding:8px 10px;text-align:left;\">3,563<\/td>\n<td style=\"border:1px solid #DDDDDD;padding:8px 10px;text-align:left;\">17.2%<\/td>\n<\/tr>\n<tr>\n<td style=\"border:1px solid #DDDDDD;padding:8px 10px;text-align:left;\">Havells India<\/td>\n<td style=\"border:1px solid #DDDDDD;padding:8px 10px;text-align:left;\">5,525<\/td>\n<td style=\"border:1px solid #DDDDDD;padding:8px 10px;text-align:left;\">6,572<\/td>\n<td style=\"border:1px solid #DDDDDD;padding:8px 10px;text-align:left;\">19.0%<\/td>\n<\/tr>\n<tr>\n<td style=\"border:1px solid #DDDDDD;padding:8px 10px;text-align:left;\">CG Power and Industrial Solutions<\/td>\n<td style=\"border:1px solid #DDDDDD;padding:8px 10px;text-align:left;\">2,906<\/td>\n<td style=\"border:1px solid #DDDDDD;padding:8px 10px;text-align:left;\">3,364<\/td>\n<td style=\"border:1px solid #DDDDDD;padding:8px 10px;text-align:left;\">15.8%<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<\/div>\n<h2><span class=\"ez-toc-section\" id=\"Key_Risks_to_Check_Before_Investing_in_Electrical_Products_Stocks\"><\/span><strong>Key Risks to Check Before Investing in Electrical 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 electrical products stocks, the main points are: Long-term electrical goods 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>Commodity costs.<\/strong> Copper, aluminium and steel prices influence cost of production.<\/li>\n<li><strong>Order timing.<\/strong> Industrial orders may be delivered unevenly through the year.<\/li>\n<li><strong>Valuation levels.<\/strong> Some of these companies trade at high earnings multiples, so growth must continue to justify them.<\/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 electrical 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_Electrical_Products_Stocks\"><\/span><strong>Final Thoughts on Electrical Products Stocks<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>Electrical products stocks reward investors who follow order books, housing demand and capacity additions. Cummins India, Havells India and CG Power and Industrial Solutions each serve a different part of the power chain. Based on the 20 October 2026 close, Cummins India trades at Rs 4,612, Havells India at Rs 1,102.7 and CG Power and Industrial Solutions at Rs 855. Valuation matters as much as growth, so compare each company&#8217;s P\/E with its industry P\/E before adding any of these electrical products stocks to a watchlist.<\/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 electrical 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_electrical_products_stocks\"><\/span><strong>What are electrical products stocks?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><strong>Ans.<\/strong> Electrical products stocks are listed companies that make engines, gensets, cables, switchgear, appliances, motors and transformers. Their earnings follow housing activity, factory investment and spending on power networks. This list looks at three of them, Cummins India, Havells India and CG Power and Industrial Solutions, using reported FY22 to FY26 financials and the 20 October 2026 closing prices.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"Which_electrical_products_stocks_are_covered_in_this_list\"><\/span><strong>Which electrical products stocks are covered in this list?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><strong>Ans.<\/strong> This list covers Cummins India, Havells India and CG Power and Industrial Solutions. Based on the 20 October 2026 close, Cummins India traded at Rs 4,612, Havells India at Rs 1,102.7 and CG Power and Industrial Solutions at Rs 855. Their return on equity ranges from 15.1% to 27.9%, and their revenue compound annual growth from FY22 to FY26 ranges from 13.0% to 23.1%.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"Why_do_electrical_products_stocks_have_a_strong_future_roadmap_in_India\"><\/span><strong>Why do electrical products stocks have a strong future roadmap in India?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><strong>Ans.<\/strong> Electrical products stocks have a strong roadmap in India because growth in housing, data centres, manufacturing and the power grid all raise the need for electrical equipment. The main drivers are as follows. Grid investment. Transmission and distribution expansion drives demand for transformers and switchgear. Data centre demand. Backup power systems are required in new data centres. Home electrification. Rising incomes lift sales of fans, lighting, cables and appliances. 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_Cummins_India_performed_financially\"><\/span><strong>How has Cummins India performed financially?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><strong>Ans.<\/strong> Revenue rose from Rs 6,414 crore in FY22 to Rs 12,661 crore in FY26, a compound annual growth rate of 18.5%. Net profit grew from Rs 934 crore in FY22 to Rs 2,362 crore in FY26, which works out to a compound annual growth rate of 26.1%. In the June 2026 quarter, revenue grew 17.2% year on year to Rs 3,563 crore, while net profit rose 0.9% to Rs 609 crore. The company has a return on equity of 27.9%, a debt to equity ratio of 0.00 and a market capitalisation of Rs 127,515 crore. The stock trades at a P\/E of 53.9, above the industry P\/E of 44.4. Looking ahead, the company benefits from demand for backup power at data centres, infrastructure projects and industrial plants, and it is widening its export base. A debt-free balance sheet supports capacity additions and new product lines.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"How_has_Havells_India_performed_financially\"><\/span><strong>How has Havells India performed financially?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><strong>Ans.<\/strong> Revenue rose from Rs 14,099 crore in FY22 to Rs 23,022 crore in FY26, a compound annual growth rate of 13.0%. Net profit grew from Rs 1,196 crore in FY22 to Rs 1,689 crore in FY26, which works out to a compound annual growth rate of 9.0%. In the June 2026 quarter, revenue grew 19.0% year on year to Rs 6,572 crore. The company has a return on equity of 17.9%, a debt to equity ratio of 0.03 and a market capitalisation of Rs 68,928 crore. The stock trades at a P\/E of 42.2, below the industry P\/E of 44.3. Looking ahead, the company sells through a wide dealer network and keeps adding premium products and new categories such as air conditioners and water heaters. Capacity expansion in cables and appliances supports future growth.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"How_has_CG_Power_and_Industrial_Solutions_performed_financially\"><\/span><strong>How has CG Power and Industrial Solutions performed financially?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><strong>Ans.<\/strong> Revenue rose from Rs 5,521 crore in FY22 to Rs 12,662 crore in FY26, a compound annual growth rate of 23.1%. Net profit grew from Rs 630 crore in FY22 to Rs 1,197 crore in FY26, which works out to a compound annual growth rate of 17.4%. In the June 2026 quarter, revenue grew 15.8% year on year to Rs 3,364 crore, while net profit rose 15.5% to Rs 308 crore. The company has a return on equity of 15.1%, a debt to equity ratio of 0.01 and a market capitalisation of Rs 134,561 crore. The stock trades at a P\/E of 108.5, above the industry P\/E of 43.9. Looking ahead, the company is growing in power systems and industrial systems on the back of grid expansion and factory investment. It has built an outsourced semiconductor assembly and test plant, which opens a new technology line.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"What_risks_should_investors_check_before_buying_electrical_products_stocks\"><\/span><strong>What risks should investors check before buying electrical products stocks?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><strong>Ans.<\/strong> Investors should check a few risks before buying electrical products stocks. Commodity costs. Copper, aluminium and steel prices influence cost of production. Order timing. Industrial orders may be delivered unevenly through the year. Valuation levels. Some of these companies trade at high earnings multiples, so growth must continue to justify them. Reading the latest results presentation and comparing each company with its peers helps judge how these risks apply to each stock.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"Is_this_list_of_electrical_products_stocks_investment_advice\"><\/span><strong>Is this list of electrical 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 electrical products stocks?\",\"acceptedAnswer\":{\"@type\":\"Answer\",\"text\":\"Electrical products stocks are listed companies that make engines, gensets, cables, switchgear, appliances, motors and transformers. Their earnings follow housing activity, factory investment and spending on power networks. This list looks at three of them, Cummins India, Havells India and CG Power and Industrial Solutions, using reported FY22 to FY26 financials and the 20 October 2026 closing prices.\"}},{\"@type\":\"Question\",\"name\":\"Which electrical products stocks are covered in this list?\",\"acceptedAnswer\":{\"@type\":\"Answer\",\"text\":\"This list covers Cummins India, Havells India and CG Power and Industrial Solutions. Based on the 20 October 2026 close, Cummins India traded at Rs 4,612, Havells India at Rs 1,102.7 and CG Power and Industrial Solutions at Rs 855. Their return on equity ranges from 15.1% to 27.9%, and their revenue compound annual growth from FY22 to FY26 ranges from 13.0% to 23.1%.\"}},{\"@type\":\"Question\",\"name\":\"Why do electrical products stocks have a strong future roadmap in India?\",\"acceptedAnswer\":{\"@type\":\"Answer\",\"text\":\"Electrical products stocks have a strong roadmap in India because growth in housing, data centres, manufacturing and the power grid all raise the need for electrical equipment. The main drivers are as follows. Grid investment. Transmission and distribution expansion drives demand for transformers and switchgear. Data centre demand. Backup power systems are required in new data centres. Home electrification. Rising incomes lift sales of fans, lighting, cables and appliances. Together these factors give the companies on this list a visible path for growth over the coming years.\"}},{\"@type\":\"Question\",\"name\":\"How has Cummins India performed financially?\",\"acceptedAnswer\":{\"@type\":\"Answer\",\"text\":\"Revenue rose from Rs 6,414 crore in FY22 to Rs 12,661 crore in FY26, a compound annual growth rate of 18.5%. Net profit grew from Rs 934 crore in FY22 to Rs 2,362 crore in FY26, which works out to a compound annual growth rate of 26.1%. In the June 2026 quarter, revenue grew 17.2% year on year to Rs 3,563 crore, while net profit rose 0.9% to Rs 609 crore. The company has a return on equity of 27.9%, a debt to equity ratio of 0.00 and a market capitalisation of Rs 127,515 crore. The stock trades at a P\/E of 53.9, above the industry P\/E of 44.4. Looking ahead, the company benefits from demand for backup power at data centres, infrastructure projects and industrial plants, and it is widening its export base. A debt-free balance sheet supports capacity additions and new product lines.\"}},{\"@type\":\"Question\",\"name\":\"How has Havells India performed financially?\",\"acceptedAnswer\":{\"@type\":\"Answer\",\"text\":\"Revenue rose from Rs 14,099 crore in FY22 to Rs 23,022 crore in FY26, a compound annual growth rate of 13.0%. Net profit grew from Rs 1,196 crore in FY22 to Rs 1,689 crore in FY26, which works out to a compound annual growth rate of 9.0%. In the June 2026 quarter, revenue grew 19.0% year on year to Rs 6,572 crore. The company has a return on equity of 17.9%, a debt to equity ratio of 0.03 and a market capitalisation of Rs 68,928 crore. The stock trades at a P\/E of 42.2, below the industry P\/E of 44.3. Looking ahead, the company sells through a wide dealer network and keeps adding premium products and new categories such as air conditioners and water heaters. 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It has built an outsourced semiconductor assembly and test plant, which opens a new technology line.\"}},{\"@type\":\"Question\",\"name\":\"What risks should investors check before buying electrical products stocks?\",\"acceptedAnswer\":{\"@type\":\"Answer\",\"text\":\"Investors should check a few risks before buying electrical products stocks. Commodity costs. Copper, aluminium and steel prices influence cost of production. Order timing. Industrial orders may be delivered unevenly through the year. Valuation levels. Some of these companies trade at high earnings multiples, so growth must continue to justify them. 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Compare price, valuation, return on equity and revenue growth as of 20 October 2026.<\/p>\n","protected":false},"author":29,"featured_media":320367,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[845],"tags":[3803,13986,731,13985,13984,7147,6714],"class_list":["post-320368","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-best-stocks","tag-best-stocks","tag-cg-power-and-industrial-solutions","tag-cummins-india","tag-electrical-goods-shares","tag-electrical-products-stocks","tag-havells-india","tag-power-equipment-stocks"],"metadata":{"rank_math_internal_links_processed":["1"],"_thumbnail_id":["320367"],"rank_math_title":["Electrical Products Stocks With a Strong Roadmap"],"rank_math_description":["Compare 3 electrical products stocks with a strong future roadmap on CMP, market cap, P\/E, ROE and revenue growth. 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