{"id":326972,"date":"2026-10-26T16:39:36","date_gmt":"2026-10-26T11:09:36","guid":{"rendered":"https:\/\/univest.in\/blogs-2\/?p=326972"},"modified":"2026-10-26T16:39:36","modified_gmt":"2026-10-26T11:09:36","slug":"turbine-generators-maker-power-grid-and-data-centre-builder-and-air-conditioning-specialist-stocks-roadmap-horizon-list","status":"publish","type":"post","link":"https:\/\/univest.in\/blogs-2\/turbine-generators-maker-power-grid-and-data-centre-builder-and-air-conditioning-specialist-stocks-roadmap-horizon-list\/","title":{"rendered":"3 Turbine Generators Maker, Power Grid and Data Centre Builder and Air Conditioning Specialist Stocks With a Strong Future Roadmap: TD Power Systems, Techno Electric &#038; Engineering Company and Blue Star"},"content":{"rendered":"<p style=\"border-left:4px solid #1F4E79;background:#EBF3FB;padding:10px 16px;font-style:italic;\"><em>TD Power Systems, Techno Electric &#038; Engineering Company and Blue Star: ROE of 11.4% to 22.3% and FY22 to FY26 revenue CAGR of 19.6% to 31.0%. Prices as of 23 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 turbine generator, grid and cooling stocks to watch are TD Power Systems, Techno Electric &#038; Engineering Company and Blue Star. Their return on equity ranges from 11.4% to 22.3%, and their revenue compound annual growth from FY22 to FY26 ranges from 19.6% to 31.0%. TD Power Systems has the highest return on equity at 22.3%, while Techno Electric &#038; Engineering Company has the fastest revenue growth at 31.0% a year. Prices are based on the 23 October 2026 close, and this article is educational, not investment advice.<\/p>\n<\/div>\n<p>Turbine generator, grid and cooling stocks bring together companies with a visible plan for the years ahead. TD Power Systems, Techno Electric &#038; Engineering Company and Blue Star cover a turbine generators maker, a power grid and data centre builder and an air conditioning specialist.<\/p>\n<p>This list covers three turbine generator, grid and cooling stocks with complete current figures: TD Power Systems, Techno Electric &#038; Engineering Company and Blue Star. Every figure comes from the latest reported financials and the 23 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=turbine-generators-maker-power-grid-and-data-centre-builder-and-air-conditioning-specialist-stocks-roadmap-horizon-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\/turbine-generators-maker-power-grid-and-data-centre-builder-and-air-conditioning-specialist-stocks-roadmap-horizon-list\/#What_Are_Turbine_Generator_Grid_and_Cooling_Stocks\" title=\"What Are Turbine Generator, Grid and Cooling Stocks?\">What Are Turbine Generator, Grid and Cooling 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\/turbine-generators-maker-power-grid-and-data-centre-builder-and-air-conditioning-specialist-stocks-roadmap-horizon-list\/#Turbine_Generator_Grid_and_Cooling_Stocks_at_a_Glance\" title=\"Turbine Generator, Grid and Cooling Stocks at a Glance\">Turbine Generator, Grid and Cooling 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\/turbine-generators-maker-power-grid-and-data-centre-builder-and-air-conditioning-specialist-stocks-roadmap-horizon-list\/#Why_Do_Turbine_Generator_Grid_and_Cooling_Stocks_Have_a_Strong_Roadmap_in_India\" title=\"Why Do Turbine Generator, Grid and Cooling Stocks Have a Strong Roadmap in India?\">Why Do Turbine Generator, Grid and Cooling 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\/turbine-generators-maker-power-grid-and-data-centre-builder-and-air-conditioning-specialist-stocks-roadmap-horizon-list\/#Why_TD_Power_Systems_Features_Among_These_Turbine_Generator_Grid_and_Cooling_Stocks\" title=\"Why TD Power Systems Features Among These Turbine Generator, Grid and Cooling Stocks\">Why TD Power Systems Features Among These Turbine Generator, Grid and Cooling 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\/turbine-generators-maker-power-grid-and-data-centre-builder-and-air-conditioning-specialist-stocks-roadmap-horizon-list\/#Why_Techno_Electric_Engineering_Company_Features_Among_These_Turbine_Generator_Grid_and_Cooling_Stocks\" title=\"Why Techno Electric &#038; Engineering Company Features Among These Turbine Generator, Grid and Cooling Stocks\">Why Techno Electric &#038; Engineering Company Features Among These Turbine Generator, Grid and Cooling 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\/turbine-generators-maker-power-grid-and-data-centre-builder-and-air-conditioning-specialist-stocks-roadmap-horizon-list\/#Why_Blue_Star_Features_Among_These_Turbine_Generator_Grid_and_Cooling_Stocks\" title=\"Why Blue Star Features Among These Turbine Generator, Grid and Cooling Stocks\">Why Blue Star Features Among These Turbine Generator, Grid and Cooling 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\/turbine-generators-maker-power-grid-and-data-centre-builder-and-air-conditioning-specialist-stocks-roadmap-horizon-list\/#TD_Power_Systems_vs_Techno_Electric_Engineering_Company_vs_Blue_Star_on_Key_Financials\" title=\"TD Power Systems vs Techno Electric &#038; Engineering Company vs Blue Star on Key Financials\">TD Power Systems vs Techno Electric &#038; Engineering Company vs Blue Star 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\/turbine-generators-maker-power-grid-and-data-centre-builder-and-air-conditioning-specialist-stocks-roadmap-horizon-list\/#Key_Risks_to_Check_Before_Investing_in_Turbine_Generator_Grid_and_Cooling_Stocks\" title=\"Key Risks to Check Before Investing in Turbine Generator, Grid and Cooling Stocks\">Key Risks to Check Before Investing in Turbine Generator, Grid and Cooling 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\/turbine-generators-maker-power-grid-and-data-centre-builder-and-air-conditioning-specialist-stocks-roadmap-horizon-list\/#Final_Thoughts_on_Turbine_Generator_Grid_and_Cooling_Stocks\" title=\"Final Thoughts on Turbine Generator, Grid and Cooling Stocks\">Final Thoughts on Turbine Generator, Grid and Cooling 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\/turbine-generators-maker-power-grid-and-data-centre-builder-and-air-conditioning-specialist-stocks-roadmap-horizon-list\/#What_are_turbine_generator_grid_and_cooling_stocks\" title=\"What are turbine generator, grid and cooling stocks?\">What are turbine generator, grid and cooling 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\/turbine-generators-maker-power-grid-and-data-centre-builder-and-air-conditioning-specialist-stocks-roadmap-horizon-list\/#Which_turbine_generator_grid_and_cooling_stocks_are_covered_in_this_list\" title=\"Which turbine generator, grid and cooling stocks are covered in this list?\">Which turbine generator, grid and cooling 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\/turbine-generators-maker-power-grid-and-data-centre-builder-and-air-conditioning-specialist-stocks-roadmap-horizon-list\/#Why_do_turbine_generator_grid_and_cooling_stocks_have_a_strong_future_roadmap_in_India\" title=\"Why do turbine generator, grid and cooling stocks have a strong future roadmap in India?\">Why do turbine generator, grid and cooling 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\/turbine-generators-maker-power-grid-and-data-centre-builder-and-air-conditioning-specialist-stocks-roadmap-horizon-list\/#How_has_TD_Power_Systems_performed_financially\" title=\"How has TD Power Systems performed financially?\">How has TD Power Systems 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\/turbine-generators-maker-power-grid-and-data-centre-builder-and-air-conditioning-specialist-stocks-roadmap-horizon-list\/#How_has_Techno_Electric_Engineering_Company_performed_financially\" title=\"How has Techno Electric &#038; Engineering Company performed financially?\">How has Techno Electric &#038; Engineering Company 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\/turbine-generators-maker-power-grid-and-data-centre-builder-and-air-conditioning-specialist-stocks-roadmap-horizon-list\/#How_has_Blue_Star_performed_financially\" title=\"How has Blue Star performed financially?\">How has Blue Star 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\/turbine-generators-maker-power-grid-and-data-centre-builder-and-air-conditioning-specialist-stocks-roadmap-horizon-list\/#What_risks_should_investors_check_before_buying_turbine_generator_grid_and_cooling_stocks\" title=\"What risks should investors check before buying turbine generator, grid and cooling stocks?\">What risks should investors check before buying turbine generator, grid and cooling 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\/turbine-generators-maker-power-grid-and-data-centre-builder-and-air-conditioning-specialist-stocks-roadmap-horizon-list\/#Is_this_list_of_turbine_generator_grid_and_cooling_stocks_investment_advice\" title=\"Is this list of turbine generator, grid and cooling stocks investment advice?\">Is this list of turbine generator, grid and cooling stocks investment advice?<\/a><\/li><\/ul><\/li><\/ul><\/nav><\/div>\n<h2><span class=\"ez-toc-section\" id=\"What_Are_Turbine_Generator_Grid_and_Cooling_Stocks\"><\/span><strong>What Are Turbine Generator, Grid and Cooling Stocks?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>Turbine generator, grid and cooling stocks are listed companies that make generators, build transmission networks and data centres and sell cooling products. Their earnings depend on power capacity additions, grid spending, data centre growth and summer demand.<\/p>\n<h2><span class=\"ez-toc-section\" id=\"Turbine_Generator_Grid_and_Cooling_Stocks_at_a_Glance\"><\/span><strong>Turbine Generator, Grid and Cooling 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\/tdpowersys\/td-power-systems-ltd-share-price-today\">TD Power Systems<\/a><\/td>\n<td style=\"border:1px solid #DDDDDD;padding:8px 10px;text-align:left;\">639.55<\/td>\n<td style=\"border:1px solid #DDDDDD;padding:8px 10px;text-align:left;\">23,639<\/td>\n<td style=\"border:1px solid #DDDDDD;padding:8px 10px;text-align:left;\">86.0<\/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;\">22.3<\/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\/technoe\/techno-electric-and-engineering-company-ltd-share-price-today\">Techno Electric &#038; Engineering Company<\/a><\/td>\n<td style=\"border:1px solid #DDDDDD;padding:8px 10px;text-align:left;\">824.6<\/td>\n<td style=\"border:1px solid #DDDDDD;padding:8px 10px;text-align:left;\">10,943<\/td>\n<td style=\"border:1px solid #DDDDDD;padding:8px 10px;text-align:left;\">25.4<\/td>\n<td style=\"border:1px solid #DDDDDD;padding:8px 10px;text-align:left;\">22.7<\/td>\n<td style=\"border:1px solid #DDDDDD;padding:8px 10px;text-align:left;\">11.4<\/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\/bluestarco\/blue-star-ltd-share-price-today\">Blue Star<\/a><\/td>\n<td style=\"border:1px solid #DDDDDD;padding:8px 10px;text-align:left;\">1,499<\/td>\n<td style=\"border:1px solid #DDDDDD;padding:8px 10px;text-align:left;\">32,243<\/td>\n<td style=\"border:1px solid #DDDDDD;padding:8px 10px;text-align:left;\">63.3<\/td>\n<td style=\"border:1px solid #DDDDDD;padding:8px 10px;text-align:left;\">43.1<\/td>\n<td style=\"border:1px solid #DDDDDD;padding:8px 10px;text-align:left;\">15.4<\/td>\n<td style=\"border:1px solid #DDDDDD;padding:8px 10px;text-align:left;\">0.24<\/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 turbine generator, grid and cooling 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_Turbine_Generator_Grid_and_Cooling_Stocks_Have_a_Strong_Roadmap_in_India\"><\/span><strong>Why Do Turbine Generator, Grid and Cooling Stocks Have a Strong Roadmap in India?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>Turbine generator, grid and cooling stocks have a strong roadmap in India because new power capacity, grid upgrades and data centre growth keep lifting demand for power and cooling equipment.<\/p>\n<ul>\n<li><strong>Power capacity.<\/strong> New plants need turbine generators.<\/li>\n<li><strong>Data centres.<\/strong> Digital growth needs power and cooling.<\/li>\n<li><strong>Grid spending.<\/strong> Utilities add transmission networks.<\/li>\n<\/ul>\n<h2><span class=\"ez-toc-section\" id=\"Why_TD_Power_Systems_Features_Among_These_Turbine_Generator_Grid_and_Cooling_Stocks\"><\/span><strong>Why TD Power Systems Features Among These Turbine Generator, Grid and Cooling Stocks<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>Among the turbine generator, grid and cooling stocks on this list, TD Power Systems, based in Bengaluru, manufactures generators for steam, gas, hydro and wind turbines and serves customers in India and overseas.<\/p>\n<p>Revenue rose from Rs 814 crore in FY22 to Rs 1,878 crore in FY26, a compound annual growth rate of 23.2%. Net profit grew from Rs 70.5 crore in FY22 to Rs 239 crore in FY26, which works out to a compound annual growth rate of 35.7%.<\/p>\n<p>The company has a return on equity of 22.3%, a debt to equity ratio of 0.02 and a market capitalisation of Rs 23,639 crore. The stock trades at a P\/E of 86.0, above the industry P\/E of 43.9.<\/p>\n<p><strong>Roadmap:<\/strong> The company is expanding capacity to meet demand from power producers, industrial users and data centre backup, with a large share of orders coming from exports. Its design capability for large-rated machines allows it to compete in higher-value segments.<\/p>\n<p><strong>What to watch:<\/strong> Follow export order inflows and capacity utilisation at the new facilities.<\/p>\n<h2><span class=\"ez-toc-section\" id=\"Why_Techno_Electric_Engineering_Company_Features_Among_These_Turbine_Generator_Grid_and_Cooling_Stocks\"><\/span><strong>Why Techno Electric &#038; Engineering Company Features Among These Turbine Generator, Grid and Cooling Stocks<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>Among the generator maker shares on this list, Techno Electric &#038; Engineering Company builds power transmission and distribution infrastructure and also owns and operates wind power assets and data centre capacity.<\/p>\n<p>The company has a return on equity of 11.4%, a debt to equity ratio of 0.02 and a market capitalisation of Rs 10,943 crore. The stock trades at a P\/E of 25.4, above the industry P\/E of 22.7.<\/p>\n<p>Revenue rose from Rs 1,154 crore in FY22 to Rs 3,401 crore in FY26, a compound annual growth rate of 31.0%. Net profit grew from Rs 239 crore in FY22 to Rs 449 crore in FY26, which works out to a compound annual growth rate of 17.0%. In the June 2026 quarter, revenue grew 14.8% year on year to Rs 659 crore.<\/p>\n<p><strong>Roadmap:<\/strong> Strong demand for transmission networks and substations supports its engineering order book, while a new data centre platform opens a second growth path. Its operating wind assets add recurring cash flow.<\/p>\n<p><strong>What to watch:<\/strong> Watch the build-out of data centre capacity and the timing of large transmission orders.<\/p>\n<h2><span class=\"ez-toc-section\" id=\"Why_Blue_Star_Features_Among_These_Turbine_Generator_Grid_and_Cooling_Stocks\"><\/span><strong>Why Blue Star Features Among These Turbine Generator, Grid and Cooling Stocks<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>Among the three companies on this list, Blue Star is an air conditioning and commercial refrigeration company that sells room air conditioners, cooling products and electro-mechanical projects across India.<\/p>\n<p>Revenue rose from Rs 6,100 crore in FY22 to Rs 12,464 crore in FY26, a compound annual growth rate of 19.6%. Net profit grew from Rs 168 crore in FY22 to Rs 527 crore in FY26, which works out to a compound annual growth rate of 33.1%.<\/p>\n<p>In the June 2026 quarter, revenue grew 13.4% year on year to Rs 3,399 crore. The company has a return on equity of 15.4%, a debt to equity ratio of 0.24 and a market capitalisation of Rs 32,243 crore. The stock trades at a P\/E of 63.3, above the industry P\/E of 43.1.<\/p>\n<p><strong>Roadmap:<\/strong> The company benefits from rising air conditioner penetration, growth in commercial buildings and expansion of cold chain. A wide service network and trusted brand support market share.<\/p>\n<p><strong>What to watch:<\/strong> Track room air conditioner volumes, commercial cooling orders and project execution.<\/p>\n<h2><span class=\"ez-toc-section\" id=\"TD_Power_Systems_vs_Techno_Electric_Engineering_Company_vs_Blue_Star_on_Key_Financials\"><\/span><strong>TD Power Systems vs Techno Electric &#038; Engineering Company vs Blue Star on Key Financials<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>The table below sets the three turbine generator, grid and cooling 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;\">TD Power Systems<\/td>\n<td style=\"border:1px solid #DDDDDD;padding:8px 10px;text-align:left;\">814<\/td>\n<td style=\"border:1px solid #DDDDDD;padding:8px 10px;text-align:left;\">1,878<\/td>\n<td style=\"border:1px solid #DDDDDD;padding:8px 10px;text-align:left;\">23.2%<\/td>\n<td style=\"border:1px solid #DDDDDD;padding:8px 10px;text-align:left;\">239<\/td>\n<td style=\"border:1px solid #DDDDDD;padding:8px 10px;text-align:left;\">12.7%<\/td>\n<\/tr>\n<tr>\n<td style=\"border:1px solid #DDDDDD;padding:8px 10px;text-align:left;\">Techno Electric &#038; Engineering Company<\/td>\n<td style=\"border:1px solid #DDDDDD;padding:8px 10px;text-align:left;\">1,154<\/td>\n<td style=\"border:1px solid #DDDDDD;padding:8px 10px;text-align:left;\">3,401<\/td>\n<td style=\"border:1px solid #DDDDDD;padding:8px 10px;text-align:left;\">31.0%<\/td>\n<td style=\"border:1px solid #DDDDDD;padding:8px 10px;text-align:left;\">449<\/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;\">Blue Star<\/td>\n<td style=\"border:1px solid #DDDDDD;padding:8px 10px;text-align:left;\">6,100<\/td>\n<td style=\"border:1px solid #DDDDDD;padding:8px 10px;text-align:left;\">12,464<\/td>\n<td style=\"border:1px solid #DDDDDD;padding:8px 10px;text-align:left;\">19.6%<\/td>\n<td style=\"border:1px solid #DDDDDD;padding:8px 10px;text-align:left;\">527<\/td>\n<td style=\"border:1px solid #DDDDDD;padding:8px 10px;text-align:left;\">4.2%<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<\/div>\n<p>TD Power Systems posts the highest return on equity in this group at 22.3%. Blue Star has the largest FY26 revenue at Rs 12,464 crore, and Techno Electric &#038; Engineering Company shows the fastest revenue growth with a 31.0% compound annual rate. A useful habit with turbine generator, grid and cooling stocks is to check each new quarterly result against the capacity plans the company described earlier.<\/p>\n<h2><span class=\"ez-toc-section\" id=\"Key_Risks_to_Check_Before_Investing_in_Turbine_Generator_Grid_and_Cooling_Stocks\"><\/span><strong>Key Risks to Check Before Investing in Turbine Generator, Grid and Cooling 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 turbine generator, grid and cooling stocks, the main points are: Long-term generator maker 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>Order timing.<\/strong> Project orders can shift between periods.<\/li>\n<li><strong>Weather.<\/strong> A mild summer can slow cooling sales.<\/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 turbine generator, grid and cooling 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_Turbine_Generator_Grid_and_Cooling_Stocks\"><\/span><strong>Final Thoughts on Turbine Generator, Grid and Cooling Stocks<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>Turbine generator, grid and cooling stocks suit investors who prefer to study business strength before price moves. TD Power Systems, Techno Electric &#038; Engineering Company and Blue Star each have a clear plan to grow. Based on the 23 October 2026 close, TD Power Systems trades at Rs 639.55, Techno Electric &#038; Engineering Company at Rs 824.6 and Blue Star at Rs 1,499.<\/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 turbine generator, grid and cooling 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_turbine_generator_grid_and_cooling_stocks\"><\/span><strong>What are turbine generator, grid and cooling stocks?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><strong>Ans.<\/strong> Turbine generator, grid and cooling stocks are listed companies that make generators, build transmission networks and data centres and sell cooling products. Their earnings depend on power capacity additions, grid spending, data centre growth and summer demand. This list looks at three of them, TD Power Systems, Techno Electric &#038; Engineering Company and Blue Star, using reported FY22 to FY26 financials and the 23 October 2026 closing prices.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"Which_turbine_generator_grid_and_cooling_stocks_are_covered_in_this_list\"><\/span><strong>Which turbine generator, grid and cooling stocks are covered in this list?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><strong>Ans.<\/strong> This list covers TD Power Systems, Techno Electric &#038; Engineering Company and Blue Star. Based on the 23 October 2026 close, TD Power Systems traded at Rs 639.55, Techno Electric &#038; Engineering Company at Rs 824.6 and Blue Star at Rs 1,499. Their return on equity ranges from 11.4% to 22.3%, and their revenue compound annual growth from FY22 to FY26 ranges from 19.6% to 31.0%.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"Why_do_turbine_generator_grid_and_cooling_stocks_have_a_strong_future_roadmap_in_India\"><\/span><strong>Why do turbine generator, grid and cooling stocks have a strong future roadmap in India?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><strong>Ans.<\/strong> Turbine generator, grid and cooling stocks have a strong roadmap in India because new power capacity, grid upgrades and data centre growth keep lifting demand for power and cooling equipment. The main drivers are as follows. Power capacity. New plants need turbine generators. Data centres. Digital growth needs power and cooling. Grid spending. Utilities add transmission networks. 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_TD_Power_Systems_performed_financially\"><\/span><strong>How has TD Power Systems performed financially?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><strong>Ans.<\/strong> Revenue rose from Rs 814 crore in FY22 to Rs 1,878 crore in FY26, a compound annual growth rate of 23.2%. Net profit grew from Rs 70.5 crore in FY22 to Rs 239 crore in FY26, which works out to a compound annual growth rate of 35.7%. The company has a return on equity of 22.3%, a debt to equity ratio of 0.02 and a market capitalisation of Rs 23,639 crore. The stock trades at a P\/E of 86.0, above the industry P\/E of 43.9. Looking ahead, the company is expanding capacity to meet demand from power producers, industrial users and data centre backup, with a large share of orders coming from exports. Its design capability for large-rated machines allows it to compete in higher-value segments.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"How_has_Techno_Electric_Engineering_Company_performed_financially\"><\/span><strong>How has Techno Electric &#038; Engineering Company performed financially?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><strong>Ans.<\/strong> Revenue rose from Rs 1,154 crore in FY22 to Rs 3,401 crore in FY26, a compound annual growth rate of 31.0%. Net profit grew from Rs 239 crore in FY22 to Rs 449 crore in FY26, which works out to a compound annual growth rate of 17.0%. In the June 2026 quarter, revenue grew 14.8% year on year to Rs 659 crore. The company has a return on equity of 11.4%, a debt to equity ratio of 0.02 and a market capitalisation of Rs 10,943 crore. The stock trades at a P\/E of 25.4, above the industry P\/E of 22.7. Looking ahead, strong demand for transmission networks and substations supports its engineering order book, while a new data centre platform opens a second growth path. Its operating wind assets add recurring cash flow.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"How_has_Blue_Star_performed_financially\"><\/span><strong>How has Blue Star performed financially?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><strong>Ans.<\/strong> Revenue rose from Rs 6,100 crore in FY22 to Rs 12,464 crore in FY26, a compound annual growth rate of 19.6%. Net profit grew from Rs 168 crore in FY22 to Rs 527 crore in FY26, which works out to a compound annual growth rate of 33.1%. In the June 2026 quarter, revenue grew 13.4% year on year to Rs 3,399 crore. The company has a return on equity of 15.4%, a debt to equity ratio of 0.24 and a market capitalisation of Rs 32,243 crore. The stock trades at a P\/E of 63.3, above the industry P\/E of 43.1. Looking ahead, the company benefits from rising air conditioner penetration, growth in commercial buildings and expansion of cold chain. A wide service network and trusted brand support market share.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"What_risks_should_investors_check_before_buying_turbine_generator_grid_and_cooling_stocks\"><\/span><strong>What risks should investors check before buying turbine generator, grid and cooling stocks?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><strong>Ans.<\/strong> Investors should check a few risks before buying turbine generator, grid and cooling stocks. Order timing. Project orders can shift between periods. Weather. A mild summer can slow cooling sales. 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_turbine_generator_grid_and_cooling_stocks_investment_advice\"><\/span><strong>Is this list of turbine generator, grid and cooling 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 23 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 turbine generator, grid and cooling stocks?\",\"acceptedAnswer\":{\"@type\":\"Answer\",\"text\":\"Turbine generator, grid and cooling stocks are listed companies that make generators, build transmission networks and data centres and sell cooling products. Their earnings depend on power capacity additions, grid spending, data centre growth and summer demand. 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Their return on equity ranges from 11.4% to 22.3%, and their revenue compound annual growth from FY22 to FY26 ranges from 19.6% to 31.0%.\"}},{\"@type\":\"Question\",\"name\":\"Why do turbine generator, grid and cooling stocks have a strong future roadmap in India?\",\"acceptedAnswer\":{\"@type\":\"Answer\",\"text\":\"Turbine generator, grid and cooling stocks have a strong roadmap in India because new power capacity, grid upgrades and data centre growth keep lifting demand for power and cooling equipment. The main drivers are as follows. Power capacity. New plants need turbine generators. Data centres. Digital growth needs power and cooling. Grid spending. Utilities add transmission networks. 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Its design capability for large-rated machines allows it to compete in higher-value segments.\"}},{\"@type\":\"Question\",\"name\":\"How has Techno Electric & Engineering Company performed financially?\",\"acceptedAnswer\":{\"@type\":\"Answer\",\"text\":\"Revenue rose from Rs 1,154 crore in FY22 to Rs 3,401 crore in FY26, a compound annual growth rate of 31.0%. Net profit grew from Rs 239 crore in FY22 to Rs 449 crore in FY26, which works out to a compound annual growth rate of 17.0%. In the June 2026 quarter, revenue grew 14.8% year on year to Rs 659 crore. The company has a return on equity of 11.4%, a debt to equity ratio of 0.02 and a market capitalisation of Rs 10,943 crore. The stock trades at a P\/E of 25.4, above the industry P\/E of 22.7. Looking ahead, strong demand for transmission networks and substations supports its engineering order book, while a new data centre platform opens a second growth path. Its operating wind assets add recurring cash flow.\"}},{\"@type\":\"Question\",\"name\":\"How has Blue Star performed financially?\",\"acceptedAnswer\":{\"@type\":\"Answer\",\"text\":\"Revenue rose from Rs 6,100 crore in FY22 to Rs 12,464 crore in FY26, a compound annual growth rate of 19.6%. Net profit grew from Rs 168 crore in FY22 to Rs 527 crore in FY26, which works out to a compound annual growth rate of 33.1%. In the June 2026 quarter, revenue grew 13.4% year on year to Rs 3,399 crore. The company has a return on equity of 15.4%, a debt to equity ratio of 0.24 and a market capitalisation of Rs 32,243 crore. The stock trades at a P\/E of 63.3, above the industry P\/E of 43.1. Looking ahead, the company benefits from rising air conditioner penetration, growth in commercial buildings and expansion of cold chain. A wide service network and trusted brand support market share.\"}},{\"@type\":\"Question\",\"name\":\"What risks should investors check before buying turbine generator, grid and cooling stocks?\",\"acceptedAnswer\":{\"@type\":\"Answer\",\"text\":\"Investors should check a few risks before buying turbine generator, grid and cooling stocks. Order timing. Project orders can shift between periods. Weather. A mild summer can slow cooling sales. 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.\"}},{\"@type\":\"Question\",\"name\":\"Is this list of turbine generator, grid and cooling stocks investment advice?\",\"acceptedAnswer\":{\"@type\":\"Answer\",\"text\":\"No. This article is educational and uses publicly available data as of the 23 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.\"}}]}<\/script><\/div>\n","protected":false},"excerpt":{"rendered":"<p>Turbine Generator, Grid and Cooling Stocks with a strong future roadmap: TD Power Systems, Techno Electric &#038; Engineering Company and Blue Star. Compare price, valuation, return on equity and revenue growth as of 23 October 2026.<\/p>\n","protected":false},"author":35,"featured_media":326971,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[845],"tags":[3803,6978,16129,16128,16127,8319,16126],"class_list":["post-326972","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-best-stocks","tag-best-stocks","tag-blue-star","tag-data-centre-power-and-air-conditioner-stocks","tag-generator-maker-shares","tag-grid-and-cooling-stocks","tag-td-power-systems","tag-turbine-generator"],"metadata":{"rank_math_internal_links_processed":["1"],"_thumbnail_id":["326971"],"rank_math_title":["Turbine Generator, Grid EPC and Cooling Stocks"],"rank_math_description":["Compare 3 turbine generator, grid and cooling stocks with a strong future roadmap on CMP, market cap, P\/E, ROE and revenue growth. 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