{"id":327487,"date":"2026-10-27T09:45:01","date_gmt":"2026-10-27T04:15:01","guid":{"rendered":"https:\/\/univest.in\/blogs-2\/?p=327487"},"modified":"2026-10-27T09:45:01","modified_gmt":"2026-10-27T04:15:01","slug":"smallcap-power-stocks-to-watch-multibagger-potential","status":"publish","type":"post","link":"https:\/\/univest.in\/blogs-2\/smallcap-power-stocks-to-watch-multibagger-potential\/","title":{"rendered":"4 Smallcap Power Stocks to Watch for Future Multibagger Potential: CESC, Sarda Energy, TRIL and Power Mech"},"content":{"rendered":"<p style=\"border-left:4px solid #1F4E79;background:#EBF3FB;padding:10px 16px;font-style:italic;\"><em>CESC Rs 124.75. Sarda Energy Rs 446.60. TRIL Rs 299.70. Power Mech Rs 2,118.30. Market caps from Rs 6,801 crore to Rs 17,293 crore. Data as of 26 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;\">CESC, Sarda Energy, TRIL and Power Mech are the 4 picks in this power stocks watchlist, with market caps between Rs 6,801 crore and Rs 17,293 crore. CESC stands out for the lowest PE of the group at 10.61, while Sarda Energy offers 23.10% revenue growth in FY26. PE ratios run from 10.61 to 28.47, so compare each one with its industry PE before investing. All figures are as of 26 October 2026.<\/p>\n<\/p><\/div>\n<p>Power stocks to watch for multibagger potential start with a simple filter: size, a clean financial record and earnings that keep growing. CESC, Sarda Energy, TRIL and Power Mech meet that test, with market caps from Rs 6,801 crore to Rs 17,293 crore and CESC offering the lowest PE of the group at 10.61. Each of these companies has a market capitalisation below Rs 30,000 crore and a return on equity of at least 10 per cent and net profit growth in FY26 and in the latest quarter, and net profit rose in FY26 and in the latest quarter.<\/p>\n<p>This list covers companies with a market capitalisation below Rs 30,000 crore and a return on equity of at least 10 per cent and net profit growth in FY26 and in the latest quarter, rising profit in FY26 and the latest quarter, and complete, verifiable financials, ranked by market capitalisation. Each company has a market cap below Rs 30,000 crore. Investors screening power stocks usually begin with size and balance sheet strength, and this list follows the same logic. All figures are as of 26 October 2026 and are drawn from NSE and BSE data and company filings.<\/p>\n<p style=\"margin-top:24px;\"><a href=\"https:\/\/univest.in\/user\/log-in?utm_source=blogs&#038;utm_medium=power-stocks\"><strong>Click Here &#8211; Get Free Investment Predictions<\/strong><\/a><\/p>\n<div id=\"ez-toc-container\" class=\"ez-toc-v2_0_65 counter-hierarchy ez-toc-counter ez-toc-grey ez-toc-container-direction\">\n<div class=\"ez-toc-title-container\">\n<p class=\"ez-toc-title \" >Table of Contents<\/p>\n<span class=\"ez-toc-title-toggle\"><a href=\"#\" class=\"ez-toc-pull-right ez-toc-btn ez-toc-btn-xs ez-toc-btn-default ez-toc-toggle\" aria-label=\"Toggle Table of Content\"><span class=\"ez-toc-js-icon-con\"><span class=\"\"><span class=\"eztoc-hide\" style=\"display:none;\">Toggle<\/span><span class=\"ez-toc-icon-toggle-span\"><svg style=\"fill: #999;color:#999\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" class=\"list-377408\" width=\"20px\" height=\"20px\" viewBox=\"0 0 24 24\" fill=\"none\"><path d=\"M6 6H4v2h2V6zm14 0H8v2h12V6zM4 11h2v2H4v-2zm16 0H8v2h12v-2zM4 16h2v2H4v-2zm16 0H8v2h12v-2z\" fill=\"currentColor\"><\/path><\/svg><svg style=\"fill: #999;color:#999\" class=\"arrow-unsorted-368013\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"10px\" height=\"10px\" viewBox=\"0 0 24 24\" version=\"1.2\" baseProfile=\"tiny\"><path d=\"M18.2 9.3l-6.2-6.3-6.2 6.3c-.2.2-.3.4-.3.7s.1.5.3.7c.2.2.4.3.7.3h11c.3 0 .5-.1.7-.3.2-.2.3-.5.3-.7s-.1-.5-.3-.7zM5.8 14.7l6.2 6.3 6.2-6.3c.2-.2.3-.5.3-.7s-.1-.5-.3-.7c-.2-.2-.4-.3-.7-.3h-11c-.3 0-.5.1-.7.3-.2.2-.3.5-.3.7s.1.5.3.7z\"\/><\/svg><\/span><\/span><\/span><\/a><\/span><\/div>\n<nav><ul class='ez-toc-list ez-toc-list-level-1 ' ><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-1\" href=\"https:\/\/univest.in\/blogs-2\/smallcap-power-stocks-to-watch-multibagger-potential\/#What_Are_Power_Stocks_and_Why_Do_They_Attract_Multibagger_Interest\" title=\"What Are Power Stocks and Why Do They Attract Multibagger Interest?\">What Are Power Stocks and Why Do They Attract Multibagger Interest?<\/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\/smallcap-power-stocks-to-watch-multibagger-potential\/#Power_Stocks_at_a_Glance_Price_Market_Cap_PE_and_ROE\" title=\"Power Stocks at a Glance: Price, Market Cap, PE and ROE\">Power Stocks at a Glance: Price, Market Cap, PE and ROE<\/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\/smallcap-power-stocks-to-watch-multibagger-potential\/#CESC_Profit_Compounding_at_360_a_Year\" title=\"CESC: Profit Compounding at 3.60% a Year\">CESC: Profit Compounding at 3.60% a Year<\/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\/smallcap-power-stocks-to-watch-multibagger-potential\/#Sarda_Energy_Revenue_Up_2310_in_FY26\" title=\"Sarda Energy: Revenue Up 23.10% in FY26\">Sarda Energy: Revenue Up 23.10% in FY26<\/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\/smallcap-power-stocks-to-watch-multibagger-potential\/#TRIL_Revenue_Up_2528_in_FY26\" title=\"TRIL: Revenue Up 25.28% in FY26\">TRIL: Revenue Up 25.28% in FY26<\/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\/smallcap-power-stocks-to-watch-multibagger-potential\/#Power_Mech_3131_Profit_CAGR_Since_FY22\" title=\"Power Mech: 31.31% Profit CAGR Since FY22\">Power Mech: 31.31% Profit CAGR Since FY22<\/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\/smallcap-power-stocks-to-watch-multibagger-potential\/#Power_Stocks_Financial_Comparison_on_Growth_and_Margins\" title=\"Power Stocks: Financial Comparison on Growth and Margins\">Power Stocks: Financial Comparison on Growth and Margins<\/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\/smallcap-power-stocks-to-watch-multibagger-potential\/#Institutional_Holding_in_CESC_Sarda_Energy_TRIL_and_Power_Mech\" title=\"Institutional Holding in CESC, Sarda Energy, TRIL and Power Mech\">Institutional Holding in CESC, Sarda Energy, TRIL and Power Mech<\/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\/smallcap-power-stocks-to-watch-multibagger-potential\/#Risks_to_Weigh_in_Power_Stocks\" title=\"Risks to Weigh in Power Stocks\">Risks to Weigh in Power Stocks<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-10\" href=\"https:\/\/univest.in\/blogs-2\/smallcap-power-stocks-to-watch-multibagger-potential\/#How_to_Choose_Between_Power_Stocks\" title=\"How to Choose Between Power Stocks\">How to Choose Between Power Stocks<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-11\" href=\"https:\/\/univest.in\/blogs-2\/smallcap-power-stocks-to-watch-multibagger-potential\/#Conclusion\" title=\"Conclusion\">Conclusion<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-12\" href=\"https:\/\/univest.in\/blogs-2\/smallcap-power-stocks-to-watch-multibagger-potential\/#Frequently_Asked_Questions_on_Power_Stocks_to_Watch\" title=\"Frequently Asked Questions on Power Stocks to Watch\">Frequently Asked Questions on Power Stocks to Watch<\/a><ul class='ez-toc-list-level-3' ><li class='ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-13\" href=\"https:\/\/univest.in\/blogs-2\/smallcap-power-stocks-to-watch-multibagger-potential\/#Which_are_the_best_power_stocks_to_watch_for_multibagger_potential\" title=\"Which are the best power stocks to watch for multibagger potential?\">Which are the best power stocks to watch for multibagger potential?<\/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\/smallcap-power-stocks-to-watch-multibagger-potential\/#Is_TRIL_a_good_stock_for_long-term_investors\" title=\"Is TRIL a good stock for long-term investors?\">Is TRIL a good stock for long-term investors?<\/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\/smallcap-power-stocks-to-watch-multibagger-potential\/#Can_Power_Mech_become_a_multibagger_from_here\" title=\"Can Power Mech become a multibagger from here?\">Can Power Mech become a multibagger from here?<\/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\/smallcap-power-stocks-to-watch-multibagger-potential\/#What_is_the_market_cap_of_CESC_Sarda_Energy_TRIL_and_Power_Mech\" title=\"What is the market cap of CESC, Sarda Energy, TRIL and Power Mech?\">What is the market cap of CESC, Sarda Energy, TRIL and Power Mech?<\/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\/smallcap-power-stocks-to-watch-multibagger-potential\/#What_are_the_risks_of_investing_in_power_stocks\" title=\"What are the risks of investing in power stocks?\">What are the risks of investing in power stocks?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-18\" href=\"https:\/\/univest.in\/blogs-2\/smallcap-power-stocks-to-watch-multibagger-potential\/#Is_CESC_trading_below_its_industry_PE\" title=\"Is CESC trading below its industry PE?\">Is CESC trading below its industry PE?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-19\" href=\"https:\/\/univest.in\/blogs-2\/smallcap-power-stocks-to-watch-multibagger-potential\/#How_much_do_institutions_hold_in_CESC_Sarda_Energy_TRIL_and_Power_Mech\" title=\"How much do institutions hold in CESC, Sarda Energy, TRIL and Power Mech?\">How much do institutions hold in CESC, Sarda Energy, TRIL and Power Mech?<\/a><\/li><\/ul><\/li><\/ul><\/nav><\/div>\n<h2><span class=\"ez-toc-section\" id=\"What_Are_Power_Stocks_and_Why_Do_They_Attract_Multibagger_Interest\"><\/span><strong>What Are Power Stocks and Why Do They Attract Multibagger Interest?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>Power stocks are shares of smaller companies that generate, distribute or equip the electricity network, and their earnings rise with India&#8217;s growing power demand. The four here cover power distribution, power and steel, transformers and power plant maintenance.<\/p>\n<p>Electricity demand keeps climbing with industry, cooling and digital growth, which supports companies across the power chain. For power stocks, both FY26 and the latest quarter showed growth. Investors researching power stocks get a fuller picture by reading growth and valuation together. The table below lines up power stocks on size, growth and valuation, using complete FY26 and latest quarter numbers. Past performance does not guarantee future returns, so use power stocks as a starting point for your own research.<\/p>\n<h2><span class=\"ez-toc-section\" id=\"Power_Stocks_at_a_Glance_Price_Market_Cap_PE_and_ROE\"><\/span><strong>Power Stocks at a Glance: Price, Market Cap, PE and ROE<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>Prices are closing prices as of 26 October 2026. CESC has the lowest PE of the group at 10.61, while TRIL posts the highest return on equity at 18.42%.<\/p>\n<table style=\"border-collapse:collapse;width:100%;margin:16px 0;\">\n<thead>\n<tr>\n<th style=\"border:1px solid #BBBBBB;background:#1F4E79;color:#FFFFFF;padding:8px;text-align:left;\">Stock<\/th>\n<th style=\"border:1px solid #BBBBBB;background:#1F4E79;color:#FFFFFF;padding:8px;text-align:left;\">CMP (Rs)<\/th>\n<th style=\"border:1px solid #BBBBBB;background:#1F4E79;color:#FFFFFF;padding:8px;text-align:left;\">Market Cap (Rs Cr)<\/th>\n<th style=\"border:1px solid #BBBBBB;background:#1F4E79;color:#FFFFFF;padding:8px;text-align:left;\">PE<\/th>\n<th style=\"border:1px solid #BBBBBB;background:#1F4E79;color:#FFFFFF;padding:8px;text-align:left;\">Industry PE<\/th>\n<th style=\"border:1px solid #BBBBBB;background:#1F4E79;color:#FFFFFF;padding:8px;text-align:left;\">ROE<\/th>\n<th style=\"border:1px solid #BBBBBB;background:#1F4E79;color:#FFFFFF;padding:8px;text-align:left;\">Debt to Equity<\/th>\n<th style=\"border:1px solid #BBBBBB;background:#1F4E79;color:#FFFFFF;padding:8px;text-align:left;\">52-Week Range (Rs)<\/th>\n<\/tr>\n<\/thead>\n<tbody>\n<tr>\n<td style=\"border:1px solid #BBBBBB;padding:8px;\"><a href=\"https:\/\/univest.in\/stocks\/cesc\/cesc-ltd-share-price-today\">CESC<\/a><\/td>\n<td style=\"border:1px solid #BBBBBB;padding:8px;\">124.75<\/td>\n<td style=\"border:1px solid #BBBBBB;padding:8px;\">17,293<\/td>\n<td style=\"border:1px solid #BBBBBB;padding:8px;\">10.61<\/td>\n<td style=\"border:1px solid #BBBBBB;padding:8px;\">22.18<\/td>\n<td style=\"border:1px solid #BBBBBB;padding:8px;\">12.31%<\/td>\n<td style=\"border:1px solid #BBBBBB;padding:8px;\">1.73<\/td>\n<td style=\"border:1px solid #BBBBBB;padding:8px;\">124.75 to 204.50<\/td>\n<\/tr>\n<tr>\n<td style=\"border:1px solid #BBBBBB;padding:8px;\"><a href=\"https:\/\/univest.in\/stocks\/sardaen\/sarda-energy-and-minerals-ltd-share-price-today\">Sarda Energy and Minerals<\/a><\/td>\n<td style=\"border:1px solid #BBBBBB;padding:8px;\">446.60<\/td>\n<td style=\"border:1px solid #BBBBBB;padding:8px;\">15,616<\/td>\n<td style=\"border:1px solid #BBBBBB;padding:8px;\">13.57<\/td>\n<td style=\"border:1px solid #BBBBBB;padding:8px;\">22.42<\/td>\n<td style=\"border:1px solid #BBBBBB;padding:8px;\">15.00%<\/td>\n<td style=\"border:1px solid #BBBBBB;padding:8px;\">0.36<\/td>\n<td style=\"border:1px solid #BBBBBB;padding:8px;\">443.95 to 624.00<\/td>\n<\/tr>\n<tr>\n<td style=\"border:1px solid #BBBBBB;padding:8px;\"><a href=\"https:\/\/univest.in\/stocks\/taril\/transformers-and-rectifiers-(india)-ltd-share-price-today\">Transformers and Rectifiers India<\/a><\/td>\n<td style=\"border:1px solid #BBBBBB;padding:8px;\">299.70<\/td>\n<td style=\"border:1px solid #BBBBBB;padding:8px;\">8,912<\/td>\n<td style=\"border:1px solid #BBBBBB;padding:8px;\">28.47<\/td>\n<td style=\"border:1px solid #BBBBBB;padding:8px;\">45.89<\/td>\n<td style=\"border:1px solid #BBBBBB;padding:8px;\">18.42%<\/td>\n<td style=\"border:1px solid #BBBBBB;padding:8px;\">0.35<\/td>\n<td style=\"border:1px solid #BBBBBB;padding:8px;\">224.05 to 492.30<\/td>\n<\/tr>\n<tr>\n<td style=\"border:1px solid #BBBBBB;padding:8px;\"><a href=\"https:\/\/univest.in\/stocks\/powermech\/power-mech-projects-ltd-share-price-today\">Power Mech Projects<\/a><\/td>\n<td style=\"border:1px solid #BBBBBB;padding:8px;\">2,118.30<\/td>\n<td style=\"border:1px solid #BBBBBB;padding:8px;\">6,801<\/td>\n<td style=\"border:1px solid #BBBBBB;padding:8px;\">16.17<\/td>\n<td style=\"border:1px solid #BBBBBB;padding:8px;\">22.80<\/td>\n<td style=\"border:1px solid #BBBBBB;padding:8px;\">14.45%<\/td>\n<td style=\"border:1px solid #BBBBBB;padding:8px;\">0.26<\/td>\n<td style=\"border:1px solid #BBBBBB;padding:8px;\">1,717.70 to 3,007.50<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<h2><span class=\"ez-toc-section\" id=\"CESC_Profit_Compounding_at_360_a_Year\"><\/span><strong>CESC: Profit Compounding at 3.60% a Year<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>CESC generates and distributes power, with a distribution licence area in Kolkata, and is growing its renewable portfolio. It reported FY26 revenue of Rs 18,927.29 crore, up 8.93% year on year, and net profit of Rs 1,617.57 crore, up 13.20%. Revenue has compounded at 10.22% a year since FY22. Operating margin was 26.27% in FY26.<\/p>\n<p>In the June 2026 quarter, revenue rose 5.18% to Rs 5,559 crore and net profit grew 3.71% to Rs 419 crore. Domestic institutions raised their holding from 25.38% in June 2025 to 26.14% in June 2026. The stock trades at a PE of 10.61 against an industry PE of 22.18, below the sector average, with a return on equity of 12.31%. The dividend yield is 4.63%.<\/p>\n<h2><span class=\"ez-toc-section\" id=\"Sarda_Energy_Revenue_Up_2310_in_FY26\"><\/span><strong>Sarda Energy: Revenue Up 23.10% in FY26<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>Sarda Energy and Minerals makes sponge iron, steel products and ferro alloys, mines iron ore and coal, and generates power for captive use and sale. It reported FY26 revenue of Rs 5,927.54 crore, up 23.10% year on year, and net profit of Rs 1,063.30 crore, up 56.09%. Net profit has compounded at 7.10% a year since FY22, while revenue has grown 10.58% a year. Operating margin was 35.76% in FY26. The debt-to-equity ratio is 0.36.<\/p>\n<p>The stock trades at a PE of 13.57 against an industry PE of 22.42, below the sector average, with a return on equity of 15.00%. In the June 2026 quarter, revenue rose 0.22% to Rs 1,716.53 crore and net profit grew 9.39% to Rs 462.81 crore. The share price has gained 472.57% over five years. Promoters hold 73.16%, which keeps ownership stable.<\/p>\n<h2><span class=\"ez-toc-section\" id=\"TRIL_Revenue_Up_2528_in_FY26\"><\/span><strong>TRIL: Revenue Up 25.28% in FY26<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>Transformers and Rectifiers India makes power and distribution transformers and reactors for utilities and industry. It reported FY26 revenue of Rs 2,569.65 crore, up 25.28% year on year, and net profit of Rs 272.17 crore, up 25.75%. Revenue has compounded at 21.70% a year since FY22. Operating margin was 17.70% in FY26. The debt-to-equity ratio is 0.35.<\/p>\n<p>In the September 2026 quarter, revenue rose 56.59% to Rs 742.16 crore and net profit grew 117.88% to Rs 81.38 crore. The share price has gained 2088.31% over five years. Promoters hold 64.36%, which keeps ownership stable. The stock trades at a PE of 28.47 against an industry PE of 45.89, below the sector average, with a return on equity of 18.42%.<\/p>\n<h2><span class=\"ez-toc-section\" id=\"Power_Mech_3131_Profit_CAGR_Since_FY22\"><\/span><strong>Power Mech: 31.31% Profit CAGR Since FY22<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>Power Mech Projects provides erection, commissioning and maintenance services for power plants and infrastructure projects. It reported FY26 revenue of Rs 6,107.25 crore, up 15.68% year on year, and net profit of Rs 411.68 crore, up 18.45%. Net profit has compounded at 31.31% a year since FY22, while revenue has grown 22.32% a year. Operating margin was 12.33% in FY26. The debt-to-equity ratio is 0.26.<\/p>\n<p>The stock trades at a PE of 16.17 against an industry PE of 22.80, below the sector average, with a return on equity of 14.45%. In the June 2026 quarter, revenue rose 25.11% to Rs 1,632.36 crore and net profit grew 10.90% to Rs 89.33 crore. The share price has gained 343.10% over five years. Promoters hold 58.42%, which keeps ownership stable.<\/p>\n<h2><span class=\"ez-toc-section\" id=\"Power_Stocks_Financial_Comparison_on_Growth_and_Margins\"><\/span><strong>Power Stocks: Financial Comparison on Growth and Margins<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>The table compares scale and growth across these power stocks. Latest quarter means the most recent reported quarter for each company, and only metrics that are positive for every company are shown.<\/p>\n<table style=\"border-collapse:collapse;width:100%;margin:16px 0;\">\n<thead>\n<tr>\n<th style=\"border:1px solid #BBBBBB;background:#1F4E79;color:#FFFFFF;padding:8px;text-align:left;\">Stock<\/th>\n<th style=\"border:1px solid #BBBBBB;background:#1F4E79;color:#FFFFFF;padding:8px;text-align:left;\">Revenue (Rs Cr)<\/th>\n<th style=\"border:1px solid #BBBBBB;background:#1F4E79;color:#FFFFFF;padding:8px;text-align:left;\">Net Profit (Rs Cr)<\/th>\n<th style=\"border:1px solid #BBBBBB;background:#1F4E79;color:#FFFFFF;padding:8px;text-align:left;\">Revenue Growth (YoY)<\/th>\n<th style=\"border:1px solid #BBBBBB;background:#1F4E79;color:#FFFFFF;padding:8px;text-align:left;\">4-Year Revenue CAGR<\/th>\n<th style=\"border:1px solid #BBBBBB;background:#1F4E79;color:#FFFFFF;padding:8px;text-align:left;\">Latest Quarter Revenue Growth<\/th>\n<th style=\"border:1px solid #BBBBBB;background:#1F4E79;color:#FFFFFF;padding:8px;text-align:left;\">Operating Margin (Latest Quarter)<\/th>\n<\/tr>\n<\/thead>\n<tbody>\n<tr>\n<td style=\"border:1px solid #BBBBBB;padding:8px;\">CESC<\/td>\n<td style=\"border:1px solid #BBBBBB;padding:8px;\">18,927.29<\/td>\n<td style=\"border:1px solid #BBBBBB;padding:8px;\">1,617.57<\/td>\n<td style=\"border:1px solid #BBBBBB;padding:8px;\">8.93%<\/td>\n<td style=\"border:1px solid #BBBBBB;padding:8px;\">10.22%<\/td>\n<td style=\"border:1px solid #BBBBBB;padding:8px;\">5.18%<\/td>\n<td style=\"border:1px solid #BBBBBB;padding:8px;\">20.95%<\/td>\n<\/tr>\n<tr>\n<td style=\"border:1px solid #BBBBBB;padding:8px;\">Sarda Energy<\/td>\n<td style=\"border:1px solid #BBBBBB;padding:8px;\">5,927.54<\/td>\n<td style=\"border:1px solid #BBBBBB;padding:8px;\">1,063.30<\/td>\n<td style=\"border:1px solid #BBBBBB;padding:8px;\">23.10%<\/td>\n<td style=\"border:1px solid #BBBBBB;padding:8px;\">10.58%<\/td>\n<td style=\"border:1px solid #BBBBBB;padding:8px;\">0.22%<\/td>\n<td style=\"border:1px solid #BBBBBB;padding:8px;\">47.94%<\/td>\n<\/tr>\n<tr>\n<td style=\"border:1px solid #BBBBBB;padding:8px;\">TRIL<\/td>\n<td style=\"border:1px solid #BBBBBB;padding:8px;\">2,569.65<\/td>\n<td style=\"border:1px solid #BBBBBB;padding:8px;\">272.17<\/td>\n<td style=\"border:1px solid #BBBBBB;padding:8px;\">25.28%<\/td>\n<td style=\"border:1px solid #BBBBBB;padding:8px;\">21.70%<\/td>\n<td style=\"border:1px solid #BBBBBB;padding:8px;\">56.59%<\/td>\n<td style=\"border:1px solid #BBBBBB;padding:8px;\">17.78%<\/td>\n<\/tr>\n<tr>\n<td style=\"border:1px solid #BBBBBB;padding:8px;\">Power Mech<\/td>\n<td style=\"border:1px solid #BBBBBB;padding:8px;\">6,107.25<\/td>\n<td style=\"border:1px solid #BBBBBB;padding:8px;\">411.68<\/td>\n<td style=\"border:1px solid #BBBBBB;padding:8px;\">15.68%<\/td>\n<td style=\"border:1px solid #BBBBBB;padding:8px;\">22.32%<\/td>\n<td style=\"border:1px solid #BBBBBB;padding:8px;\">25.11%<\/td>\n<td style=\"border:1px solid #BBBBBB;padding:8px;\">10.84%<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<p style=\"margin-top:24px;\"><a href=\"https:\/\/univest.in\/screeners\"><strong>Check the Univest Screener for live data on these power stocks<\/strong><\/a><\/p>\n<h2><span class=\"ez-toc-section\" id=\"Institutional_Holding_in_CESC_Sarda_Energy_TRIL_and_Power_Mech\"><\/span><strong>Institutional Holding in CESC, Sarda Energy, TRIL and Power Mech<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>Institutional holding shows who is backing these power stocks alongside the promoter. The table uses the latest reported quarter for each. CESC has the deepest institutional backing, with FII and DII together holding 37.61% as of June 2026. Domestic institutions increased their holding over the past year in CESC (from 25.38% to 26.14%).<\/p>\n<table style=\"border-collapse:collapse;width:100%;margin:16px 0;\">\n<thead>\n<tr>\n<th style=\"border:1px solid #BBBBBB;background:#1F4E79;color:#FFFFFF;padding:8px;text-align:left;\">Stock<\/th>\n<th style=\"border:1px solid #BBBBBB;background:#1F4E79;color:#FFFFFF;padding:8px;text-align:left;\">Promoter<\/th>\n<th style=\"border:1px solid #BBBBBB;background:#1F4E79;color:#FFFFFF;padding:8px;text-align:left;\">FII<\/th>\n<th style=\"border:1px solid #BBBBBB;background:#1F4E79;color:#FFFFFF;padding:8px;text-align:left;\">DII<\/th>\n<th style=\"border:1px solid #BBBBBB;background:#1F4E79;color:#FFFFFF;padding:8px;text-align:left;\">Public<\/th>\n<th style=\"border:1px solid #BBBBBB;background:#1F4E79;color:#FFFFFF;padding:8px;text-align:left;\">Quarter<\/th>\n<\/tr>\n<\/thead>\n<tbody>\n<tr>\n<td style=\"border:1px solid #BBBBBB;padding:8px;\">CESC<\/td>\n<td style=\"border:1px solid #BBBBBB;padding:8px;\">52.11%<\/td>\n<td style=\"border:1px solid #BBBBBB;padding:8px;\">11.47%<\/td>\n<td style=\"border:1px solid #BBBBBB;padding:8px;\">26.14%<\/td>\n<td style=\"border:1px solid #BBBBBB;padding:8px;\">10.28%<\/td>\n<td style=\"border:1px solid #BBBBBB;padding:8px;\">June 2026<\/td>\n<\/tr>\n<tr>\n<td style=\"border:1px solid #BBBBBB;padding:8px;\">Sarda Energy<\/td>\n<td style=\"border:1px solid #BBBBBB;padding:8px;\">73.16%<\/td>\n<td style=\"border:1px solid #BBBBBB;padding:8px;\">3.52%<\/td>\n<td style=\"border:1px solid #BBBBBB;padding:8px;\">3.48%<\/td>\n<td style=\"border:1px solid #BBBBBB;padding:8px;\">19.85%<\/td>\n<td style=\"border:1px solid #BBBBBB;padding:8px;\">June 2026<\/td>\n<\/tr>\n<tr>\n<td style=\"border:1px solid #BBBBBB;padding:8px;\">TRIL<\/td>\n<td style=\"border:1px solid #BBBBBB;padding:8px;\">64.36%<\/td>\n<td style=\"border:1px solid #BBBBBB;padding:8px;\">6.99%<\/td>\n<td style=\"border:1px solid #BBBBBB;padding:8px;\">1.19%<\/td>\n<td style=\"border:1px solid #BBBBBB;padding:8px;\">27.46%<\/td>\n<td style=\"border:1px solid #BBBBBB;padding:8px;\">September 2026<\/td>\n<\/tr>\n<tr>\n<td style=\"border:1px solid #BBBBBB;padding:8px;\">Power Mech<\/td>\n<td style=\"border:1px solid #BBBBBB;padding:8px;\">58.42%<\/td>\n<td style=\"border:1px solid #BBBBBB;padding:8px;\">6.34%<\/td>\n<td style=\"border:1px solid #BBBBBB;padding:8px;\">20.76%<\/td>\n<td style=\"border:1px solid #BBBBBB;padding:8px;\">14.49%<\/td>\n<td style=\"border:1px solid #BBBBBB;padding:8px;\">September 2026<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<h2><span class=\"ez-toc-section\" id=\"Risks_to_Weigh_in_Power_Stocks\"><\/span><strong>Risks to Weigh in Power Stocks<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>Being careful with power stocks means looking at what can slow the story as well as what can speed it up. Four points matter most:<\/p>\n<ul>\n<li>Past growth may not repeat.<\/li>\n<li>Share prices can move sharply in either direction.<\/li>\n<li><strong>Valuation:<\/strong> A low PE can also reflect slower growth, so compare each PE with the growth rate instead of reading it alone.<\/li>\n<li><strong>Concentration:<\/strong> Holding all 4 names puts the allocation in one sector, so size each position to match your risk appetite.<\/li>\n<\/ul>\n<h2><span class=\"ez-toc-section\" id=\"How_to_Choose_Between_Power_Stocks\"><\/span><strong>How to Choose Between Power Stocks<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>Picking from power stocks comes down to four checks, applied in order.<\/p>\n<ol>\n<li>Check balance sheet strength first, and prefer a debt-to-equity ratio below 1 for non-financial companies.<\/li>\n<li>Compare each PE with the industry PE (22.18 to 45.89) and ask whether the growth rate justifies any gap.<\/li>\n<li>Track net profit growth, the operating margin and the return on equity in every quarterly result.<\/li>\n<li>Stagger entries across quarters and review institutional holding every reporting season.<\/li>\n<\/ol>\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 CESC, Sarda Energy, TRIL and Power Mech live prices.<\/em><\/p>\n<h2><span class=\"ez-toc-section\" id=\"Conclusion\"><\/span><strong>Conclusion<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>Among power stocks, CESC stands out for the lowest PE of the group at 10.61, Sarda Energy for 23.10% revenue growth in FY26, TRIL for the highest return on equity at 18.42% and Power Mech for the fastest profit growth, 31.31% a year since FY22. Which one suits a portfolio depends on how much valuation risk it can carry, so staggering entries and reviewing each quarterly result is a sound habit. Investors comparing power stocks should rank them on growth, financial strength and the price paid, and anyone who wants personalised guidance can consult a SEBI-registered advisor before acting.<\/p>\n<div style=\"background:#CC0000;border-radius:8px;padding:16px 20px;margin:24px 0;\">\n<p style=\"color:#FFFFFF;font-size:13px;line-height:1.7;margin:0;\"><strong style=\"color:#FFFFFF;\">Disclaimer:<\/strong> Data and figures in this article are sourced from publicly available information. These may or may not be accurate. Please verify all data with the official NSE (nseindia.com) and BSE (bseindia.com) websites before making any investment decision. Investments in securities are subject to market risk. This content is for educational purposes only and is not investment advice by Univest (SEBI RA INH000013776).<\/p>\n<\/p><\/div>\n<h2><span class=\"ez-toc-section\" id=\"Frequently_Asked_Questions_on_Power_Stocks_to_Watch\"><\/span><strong>Frequently Asked Questions on Power Stocks to Watch<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<h3><span class=\"ez-toc-section\" id=\"Which_are_the_best_power_stocks_to_watch_for_multibagger_potential\"><\/span><strong>Which are the best power stocks to watch for multibagger potential?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><strong>Ans.<\/strong> CESC, Sarda Energy, TRIL and Power Mech are the 4 names this list highlights, with market caps of Rs 17,293 crore, Rs 15,616 crore, Rs 8,912 crore and Rs 6,801 crore respectively. CESC is notable for the lowest PE of the group at 10.61. Sarda Energy stands out for 23.10% revenue growth in FY26. TRIL offers the highest return on equity at 18.42%. Power Mech brings the fastest profit growth, 31.31% a year since FY22. These are watchlist names for power stocks, not recommendations, so match each one to your own risk profile and time horizon.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"Is_TRIL_a_good_stock_for_long-term_investors\"><\/span><strong>Is TRIL a good stock for long-term investors?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><strong>Ans.<\/strong> TRIL has a return on equity of 18.42%, a PE of 28.47 against an industry PE of 45.89 and a market cap of Rs 8,912 crore. FY26 revenue rose 25.28%, and September 2026 quarter net profit grew 117.88%. Long-term returns in power stocks depend on earnings growth and the price paid at entry, so staggering purchases and consulting a SEBI-registered advisor is sensible.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"Can_Power_Mech_become_a_multibagger_from_here\"><\/span><strong>Can Power Mech become a multibagger from here?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><strong>Ans.<\/strong> Power Mech has already gained 343.10% in five years, so another multi-fold move would need sustained earnings growth. A multibagger outcome in power stocks requires earnings to keep growing faster than the market for several years. Net profit has compounded at 31.31% a year since FY22, and FY26 revenue rose 15.68%. At a PE of 16.17 against an industry PE of 22.80, valuation should be checked against that growth before investing.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"What_is_the_market_cap_of_CESC_Sarda_Energy_TRIL_and_Power_Mech\"><\/span><strong>What is the market cap of CESC, Sarda Energy, TRIL and Power Mech?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><strong>Ans.<\/strong> As of 26 October 2026, CESC has a market cap of Rs 17,293 crore, Sarda Energy has a market cap of Rs 15,616 crore, TRIL has a market cap of Rs 8,912 crore and Power Mech has a market cap of Rs 6,801 crore. All of them qualify as smallcaps. Market cap changes daily with the share price, so check the latest figure on the Univest Screener or on NSE before taking a decision on power stocks.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"What_are_the_risks_of_investing_in_power_stocks\"><\/span><strong>What are the risks of investing in power stocks?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><strong>Ans.<\/strong> The main risks are market swings, slower growth than expected and valuations that already reflect good news. Companies with strong balance sheets and steady earnings handle these better. Comparing each PE with growth gives a fuller picture than the PE alone.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"Is_CESC_trading_below_its_industry_PE\"><\/span><strong>Is CESC trading below its industry PE?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><strong>Ans.<\/strong> CESC trades at a PE of 10.61 against an industry PE of 22.18. A lower PE means investors pay less for each rupee of earnings, but it should be read with growth (FY26 revenue rose 8.93% and June 2026 quarter net profit grew 3.71%) and balance sheet strength before drawing a conclusion.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"How_much_do_institutions_hold_in_CESC_Sarda_Energy_TRIL_and_Power_Mech\"><\/span><strong>How much do institutions hold in CESC, Sarda Energy, TRIL and Power Mech?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><strong>Ans.<\/strong> As of the latest reported quarter, FII and DII together hold 37.61% of CESC (11.47% and 26.14%), 7.00% of Sarda Energy (3.52% and 3.48%), 8.18% of TRIL (6.99% and 1.19%) and 27.10% of Power Mech (6.34% and 20.76%). Rising institutional holding is a useful signal in power stocks, though it should be read with earnings trends rather than on its own.<\/p>\n<p><script type=\"application\/ld+json\">{\"@context\":\"https:\/\/schema.org\",\"@type\":\"FAQPage\",\"mainEntity\":[{\"@type\":\"Question\",\"name\":\"Which are the best power stocks to watch for multibagger potential?\",\"acceptedAnswer\":{\"@type\":\"Answer\",\"text\":\"CESC, Sarda Energy, TRIL and Power Mech are the 4 names this list highlights, with market caps of Rs 17,293 crore, Rs 15,616 crore, Rs 8,912 crore and Rs 6,801 crore respectively. CESC is notable for the lowest PE of the group at 10.61. Sarda Energy stands out for 23.10% revenue growth in FY26. TRIL offers the highest return on equity at 18.42%. Power Mech brings the fastest profit growth, 31.31% a year since FY22. 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