{"id":330321,"date":"2026-10-28T12:40:37","date_gmt":"2026-10-28T07:10:37","guid":{"rendered":"https:\/\/univest.in\/blogs-2\/?p=330321"},"modified":"2026-10-28T12:40:37","modified_gmt":"2026-10-28T07:10:37","slug":"air-conditioning-and-refrigeration-company-bimetal-components-maker-and-electronics-manufacturing-services-firm-stocks-roadmap-nimbus-list","status":"publish","type":"post","link":"https:\/\/univest.in\/blogs-2\/air-conditioning-and-refrigeration-company-bimetal-components-maker-and-electronics-manufacturing-services-firm-stocks-roadmap-nimbus-list\/","title":{"rendered":"3 Air Conditioning and Refrigeration Company, Bimetal Components Maker and Electronics Manufacturing Services Firm Stocks With a Strong Future Roadmap: Blue Star, Shivalik Bimetal and Syrma SGS Technology"},"content":{"rendered":"<p style=\"border-left:4px solid #1F4E79;background:#EBF3FB;padding:10px 16px;font-style:italic;\"><em>Blue Star, Shivalik Bimetal and Syrma SGS Technology: ROE of 11.1% to 19.9% and FY22 to FY26 revenue CAGR of 15.3% to 39.4%. Prices as of 27 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 cooling, electrical component and EMS stocks to watch are Blue Star, Shivalik Bimetal and Syrma SGS Technology. Their return on equity ranges from 11.1% to 19.9%, and their revenue compound annual growth from FY22 to FY26 ranges from 15.3% to 39.4%. Shivalik Bimetal has the highest return on equity at 19.9%, while Syrma SGS Technology has the fastest revenue growth at 39.4% a year. Prices are based on the 27 October 2026 close, and this article is educational, not investment advice.<\/p>\n<\/div>\n<p>Cooling, electrical component and EMS stocks give investors a way to track businesses that sit close to everyday demand in India. Blue Star, Shivalik Bimetal and Syrma SGS Technology cover an air conditioning and refrigeration company, a bimetal components maker and an electronics manufacturing services firm.<\/p>\n<p>This list covers three cooling, electrical component and EMS stocks with complete current figures: Blue Star, Shivalik Bimetal and Syrma SGS Technology. Every figure comes from the latest reported financials and the 27 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=air-conditioning-and-refrigeration-company-bimetal-components-maker-and-electronics-manufacturing-services-firm-stocks-roadmap-nimbus-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\/air-conditioning-and-refrigeration-company-bimetal-components-maker-and-electronics-manufacturing-services-firm-stocks-roadmap-nimbus-list\/#What_Are_Cooling_Electrical_Component_and_EMS_Stocks\" title=\"What Are Cooling, Electrical Component and EMS Stocks?\">What Are Cooling, Electrical Component and EMS 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\/air-conditioning-and-refrigeration-company-bimetal-components-maker-and-electronics-manufacturing-services-firm-stocks-roadmap-nimbus-list\/#Cooling_Electrical_Component_and_EMS_Stocks_at_a_Glance\" title=\"Cooling, Electrical Component and EMS Stocks at a Glance\">Cooling, Electrical Component and EMS 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\/air-conditioning-and-refrigeration-company-bimetal-components-maker-and-electronics-manufacturing-services-firm-stocks-roadmap-nimbus-list\/#Why_Do_Cooling_Electrical_Component_and_EMS_Stocks_Have_a_Strong_Roadmap_in_India\" title=\"Why Do Cooling, Electrical Component and EMS Stocks Have a Strong Roadmap in India?\">Why Do Cooling, Electrical Component and EMS 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\/air-conditioning-and-refrigeration-company-bimetal-components-maker-and-electronics-manufacturing-services-firm-stocks-roadmap-nimbus-list\/#Why_Blue_Star_Features_Among_These_Cooling_Electrical_Component_and_EMS_Stocks\" title=\"Why Blue Star Features Among These Cooling, Electrical Component and EMS Stocks\">Why Blue Star Features Among These Cooling, Electrical Component and EMS 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\/air-conditioning-and-refrigeration-company-bimetal-components-maker-and-electronics-manufacturing-services-firm-stocks-roadmap-nimbus-list\/#Why_Shivalik_Bimetal_Features_Among_These_Cooling_Electrical_Component_and_EMS_Stocks\" title=\"Why Shivalik Bimetal Features Among These Cooling, Electrical Component and EMS Stocks\">Why Shivalik Bimetal Features Among These Cooling, Electrical Component and EMS 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\/air-conditioning-and-refrigeration-company-bimetal-components-maker-and-electronics-manufacturing-services-firm-stocks-roadmap-nimbus-list\/#Why_Syrma_SGS_Technology_Features_Among_These_Cooling_Electrical_Component_and_EMS_Stocks\" title=\"Why Syrma SGS Technology Features Among These Cooling, Electrical Component and EMS Stocks\">Why Syrma SGS Technology Features Among These Cooling, Electrical Component and EMS 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\/air-conditioning-and-refrigeration-company-bimetal-components-maker-and-electronics-manufacturing-services-firm-stocks-roadmap-nimbus-list\/#Blue_Star_vs_Shivalik_Bimetal_vs_Syrma_SGS_Technology_on_Key_Financials\" title=\"Blue Star vs Shivalik Bimetal vs Syrma SGS Technology on Key Financials\">Blue Star vs Shivalik Bimetal vs Syrma SGS Technology 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\/air-conditioning-and-refrigeration-company-bimetal-components-maker-and-electronics-manufacturing-services-firm-stocks-roadmap-nimbus-list\/#Key_Risks_to_Check_Before_Investing_in_Cooling_Electrical_Component_and_EMS_Stocks\" title=\"Key Risks to Check Before Investing in Cooling, Electrical Component and EMS Stocks\">Key Risks to Check Before Investing in Cooling, Electrical Component and EMS 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\/air-conditioning-and-refrigeration-company-bimetal-components-maker-and-electronics-manufacturing-services-firm-stocks-roadmap-nimbus-list\/#Final_Thoughts_on_Cooling_Electrical_Component_and_EMS_Stocks\" title=\"Final Thoughts on Cooling, Electrical Component and EMS Stocks\">Final Thoughts on Cooling, Electrical Component and EMS 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\/air-conditioning-and-refrigeration-company-bimetal-components-maker-and-electronics-manufacturing-services-firm-stocks-roadmap-nimbus-list\/#What_are_cooling_electrical_component_and_EMS_stocks\" title=\"What are cooling, electrical component and EMS stocks?\">What are cooling, electrical component and EMS 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\/air-conditioning-and-refrigeration-company-bimetal-components-maker-and-electronics-manufacturing-services-firm-stocks-roadmap-nimbus-list\/#Which_cooling_electrical_component_and_EMS_stocks_are_covered_in_this_list\" title=\"Which cooling, electrical component and EMS stocks are covered in this list?\">Which cooling, electrical component and EMS 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\/air-conditioning-and-refrigeration-company-bimetal-components-maker-and-electronics-manufacturing-services-firm-stocks-roadmap-nimbus-list\/#Why_do_cooling_electrical_component_and_EMS_stocks_have_a_strong_future_roadmap_in_India\" title=\"Why do cooling, electrical component and EMS stocks have a strong future roadmap in India?\">Why do cooling, electrical component and EMS 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\/air-conditioning-and-refrigeration-company-bimetal-components-maker-and-electronics-manufacturing-services-firm-stocks-roadmap-nimbus-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-14\" href=\"https:\/\/univest.in\/blogs-2\/air-conditioning-and-refrigeration-company-bimetal-components-maker-and-electronics-manufacturing-services-firm-stocks-roadmap-nimbus-list\/#How_has_Shivalik_Bimetal_performed_financially\" title=\"How has Shivalik Bimetal performed financially?\">How has Shivalik Bimetal 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\/air-conditioning-and-refrigeration-company-bimetal-components-maker-and-electronics-manufacturing-services-firm-stocks-roadmap-nimbus-list\/#How_has_Syrma_SGS_Technology_performed_financially\" title=\"How has Syrma SGS Technology performed financially?\">How has Syrma SGS Technology 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\/air-conditioning-and-refrigeration-company-bimetal-components-maker-and-electronics-manufacturing-services-firm-stocks-roadmap-nimbus-list\/#What_risks_should_investors_check_before_buying_cooling_electrical_component_and_EMS_stocks\" title=\"What risks should investors check before buying cooling, electrical component and EMS stocks?\">What risks should investors check before buying cooling, electrical component and EMS 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\/air-conditioning-and-refrigeration-company-bimetal-components-maker-and-electronics-manufacturing-services-firm-stocks-roadmap-nimbus-list\/#Is_this_list_of_cooling_electrical_component_and_EMS_stocks_investment_advice\" title=\"Is this list of cooling, electrical component and EMS stocks investment advice?\">Is this list of cooling, electrical component and EMS stocks investment advice?<\/a><\/li><\/ul><\/li><\/ul><\/nav><\/div>\n<h2><span class=\"ez-toc-section\" id=\"What_Are_Cooling_Electrical_Component_and_EMS_Stocks\"><\/span><strong>What Are Cooling, Electrical Component and EMS Stocks?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>Cooling, electrical component and EMS stocks are listed manufacturing companies that make cooling products, electrical contact components and electronic assemblies for homes, industry and vehicles. Their earnings depend on consumer demand, order books, commodity costs and capacity use.<\/p>\n<h2><span class=\"ez-toc-section\" id=\"Cooling_Electrical_Component_and_EMS_Stocks_at_a_Glance\"><\/span><strong>Cooling, Electrical Component and EMS 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\/bluestarco\/blue-star-ltd-share-price-today\">Blue Star<\/a><\/td>\n<td style=\"border:1px solid #DDDDDD;padding:8px 10px;text-align:left;\">1,526<\/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<tr>\n<td style=\"border:1px solid #DDDDDD;padding:8px 10px;text-align:left;\"><a href=\"https:\/\/univest.in\/stocks\/sbcl\/shivalik-bimetal-controls-ltd-share-price-today\">Shivalik Bimetal<\/a><\/td>\n<td style=\"border:1px solid #DDDDDD;padding:8px 10px;text-align:left;\">1,007.2<\/td>\n<td style=\"border:1px solid #DDDDDD;padding:8px 10px;text-align:left;\">5,383<\/td>\n<td style=\"border:1px solid #DDDDDD;padding:8px 10px;text-align:left;\">50.7<\/td>\n<td style=\"border:1px solid #DDDDDD;padding:8px 10px;text-align:left;\">11.3<\/td>\n<td style=\"border:1px solid #DDDDDD;padding:8px 10px;text-align:left;\">19.9<\/td>\n<td style=\"border:1px solid #DDDDDD;padding:8px 10px;text-align:left;\">0.13<\/td>\n<\/tr>\n<tr>\n<td style=\"border:1px solid #DDDDDD;padding:8px 10px;text-align:left;\"><a href=\"https:\/\/univest.in\/stocks\/syrma\/syrma-sgs-technology-ltd-share-price-today\">Syrma SGS Technology<\/a><\/td>\n<td style=\"border:1px solid #DDDDDD;padding:8px 10px;text-align:left;\">1,519.6<\/td>\n<td style=\"border:1px solid #DDDDDD;padding:8px 10px;text-align:left;\">29,841<\/td>\n<td style=\"border:1px solid #DDDDDD;padding:8px 10px;text-align:left;\">74.3<\/td>\n<td style=\"border:1px solid #DDDDDD;padding:8px 10px;text-align:left;\">73.6<\/td>\n<td style=\"border:1px solid #DDDDDD;padding:8px 10px;text-align:left;\">11.1<\/td>\n<td style=\"border:1px solid #DDDDDD;padding:8px 10px;text-align:left;\">0.14<\/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 cooling, electrical component and EMS 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_Cooling_Electrical_Component_and_EMS_Stocks_Have_a_Strong_Roadmap_in_India\"><\/span><strong>Why Do Cooling, Electrical Component and EMS Stocks Have a Strong Roadmap in India?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>Cooling, electrical component and EMS stocks have a strong roadmap in India because rising temperatures, growing appliance ownership and the shift of electronics manufacturing to India keep widening the market for domestic makers.<\/p>\n<ul>\n<li><strong>Cooling demand.<\/strong> Warmer summers lift air conditioner sales.<\/li>\n<li><strong>Electrical parts.<\/strong> Appliances and vehicles need contact components.<\/li>\n<li><strong>Electronics build.<\/strong> Global brands move production to India.<\/li>\n<\/ul>\n<h2><span class=\"ez-toc-section\" id=\"Why_Blue_Star_Features_Among_These_Cooling_Electrical_Component_and_EMS_Stocks\"><\/span><strong>Why Blue Star Features Among These Cooling, Electrical Component and EMS Stocks<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>Among the cooling, electrical component and EMS stocks 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>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>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.<\/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=\"Why_Shivalik_Bimetal_Features_Among_These_Cooling_Electrical_Component_and_EMS_Stocks\"><\/span><strong>Why Shivalik Bimetal Features Among These Cooling, Electrical Component and EMS Stocks<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>Among the air conditioner and electronics maker shares on this list, Shivalik Bimetal Controls makes thermostatic bimetal strips, shunts and electrical contact components used in appliances, automobiles and electrical equipment, selling to customers in India and abroad.<\/p>\n<p>Revenue rose from Rs 329 crore in FY22 to Rs 583 crore in FY26, a compound annual growth rate of 15.3%. Net profit grew from Rs 55.1 crore in FY22 to Rs 95.9 crore in FY26, which works out to a compound annual growth rate of 14.8%.<\/p>\n<p>In the June 2026 quarter, revenue grew 33.7% year on year to Rs 186 crore, while net profit rose 44.9% to Rs 33.0 crore. The company has a return on equity of 19.9%, a debt to equity ratio of 0.13 and a market capitalisation of Rs 5,383 crore. The stock trades at a P\/E of 50.7, above the industry P\/E of 11.3.<\/p>\n<p><strong>Roadmap:<\/strong> The company is growing its shunt business for electric and hybrid vehicles and smart meters while adding new components for industrial and appliance customers. Its materials expertise supports a strong position in the niche.<\/p>\n<p><strong>What to watch:<\/strong> Follow shunt demand from electric vehicles and meters and new component launches.<\/p>\n<h2><span class=\"ez-toc-section\" id=\"Why_Syrma_SGS_Technology_Features_Among_These_Cooling_Electrical_Component_and_EMS_Stocks\"><\/span><strong>Why Syrma SGS Technology Features Among These Cooling, Electrical Component and EMS Stocks<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>Among the three companies on this list, Syrma SGS Technology is an electronics manufacturing services company that makes printed circuit boards, box builds and electronic products for industrial, automotive, healthcare and consumer customers.<\/p>\n<p>Revenue rose from Rs 1,284 crore in FY22 to Rs 4,857 crore in FY26, a compound annual growth rate of 39.4%. Net profit grew from Rs 76.4 crore in FY22 to Rs 346 crore in FY26, which works out to a compound annual growth rate of 45.8%.<\/p>\n<p>The company has a return on equity of 11.1%, a debt to equity ratio of 0.14 and a market capitalisation of Rs 29,841 crore. The stock trades at a P\/E of 74.3, above the industry P\/E of 73.6.<\/p>\n<p><strong>Roadmap:<\/strong> The company benefits from the shift of electronics manufacturing to India, supported by government incentives. It is adding capacity and new capabilities in areas such as RFID, magnetics and printed circuit boards.<\/p>\n<p><strong>What to watch:<\/strong> Check order inflow from new customers and the ramp-up of new manufacturing lines.<\/p>\n<h2><span class=\"ez-toc-section\" id=\"Blue_Star_vs_Shivalik_Bimetal_vs_Syrma_SGS_Technology_on_Key_Financials\"><\/span><strong>Blue Star vs Shivalik Bimetal vs Syrma SGS Technology on Key Financials<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>The table below sets the three cooling, electrical component and EMS 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;\">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<tr>\n<td style=\"border:1px solid #DDDDDD;padding:8px 10px;text-align:left;\">Shivalik Bimetal<\/td>\n<td style=\"border:1px solid #DDDDDD;padding:8px 10px;text-align:left;\">329<\/td>\n<td style=\"border:1px solid #DDDDDD;padding:8px 10px;text-align:left;\">583<\/td>\n<td style=\"border:1px solid #DDDDDD;padding:8px 10px;text-align:left;\">15.3%<\/td>\n<td style=\"border:1px solid #DDDDDD;padding:8px 10px;text-align:left;\">95.9<\/td>\n<td style=\"border:1px solid #DDDDDD;padding:8px 10px;text-align:left;\">16.4%<\/td>\n<\/tr>\n<tr>\n<td style=\"border:1px solid #DDDDDD;padding:8px 10px;text-align:left;\">Syrma SGS Technology<\/td>\n<td style=\"border:1px solid #DDDDDD;padding:8px 10px;text-align:left;\">1,284<\/td>\n<td style=\"border:1px solid #DDDDDD;padding:8px 10px;text-align:left;\">4,857<\/td>\n<td style=\"border:1px solid #DDDDDD;padding:8px 10px;text-align:left;\">39.4%<\/td>\n<td style=\"border:1px solid #DDDDDD;padding:8px 10px;text-align:left;\">346<\/td>\n<td style=\"border:1px solid #DDDDDD;padding:8px 10px;text-align:left;\">7.1%<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<\/div>\n<p>Shivalik Bimetal posts the highest return on equity in this group at 19.9%. Blue Star has the largest FY26 revenue at Rs 12,464 crore, and Syrma SGS Technology shows the fastest revenue growth with a 39.4% compound annual rate. A useful habit with cooling, electrical component and EMS 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_Cooling_Electrical_Component_and_EMS_Stocks\"><\/span><strong>Key Risks to Check Before Investing in Cooling, Electrical Component and EMS 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 cooling, electrical component and EMS stocks, the main points are: Long-term air conditioner and electronics 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>Seasonal demand.<\/strong> Cooling sales can vary with the weather.<\/li>\n<li><strong>Input costs.<\/strong> Metal and material prices can move margins.<\/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 cooling, electrical component and EMS 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_Cooling_Electrical_Component_and_EMS_Stocks\"><\/span><strong>Final Thoughts on Cooling, Electrical Component and EMS Stocks<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>Cooling, electrical component and EMS stocks work best when investors track growth, valuation and return on equity side by side. Blue Star, Shivalik Bimetal and Syrma SGS Technology each have a clear plan to expand. Based on the 27 October 2026 close, Blue Star trades at Rs 1,526, Shivalik Bimetal at Rs 1,007.2 and Syrma SGS Technology at Rs 1,519.6.<\/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 cooling, electrical component and EMS 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_cooling_electrical_component_and_EMS_stocks\"><\/span><strong>What are cooling, electrical component and EMS stocks?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><strong>Ans.<\/strong> Cooling, electrical component and EMS stocks are listed manufacturing companies that make cooling products, electrical contact components and electronic assemblies for homes, industry and vehicles. Their earnings depend on consumer demand, order books, commodity costs and capacity use. This list looks at three of them, Blue Star, Shivalik Bimetal and Syrma SGS Technology, using reported FY22 to FY26 financials and the 27 October 2026 closing prices.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"Which_cooling_electrical_component_and_EMS_stocks_are_covered_in_this_list\"><\/span><strong>Which cooling, electrical component and EMS stocks are covered in this list?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><strong>Ans.<\/strong> This list covers Blue Star, Shivalik Bimetal and Syrma SGS Technology. Based on the 27 October 2026 close, Blue Star traded at Rs 1,526, Shivalik Bimetal at Rs 1,007.2 and Syrma SGS Technology at Rs 1,519.6. Their return on equity ranges from 11.1% to 19.9%, and their revenue compound annual growth from FY22 to FY26 ranges from 15.3% to 39.4%.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"Why_do_cooling_electrical_component_and_EMS_stocks_have_a_strong_future_roadmap_in_India\"><\/span><strong>Why do cooling, electrical component and EMS stocks have a strong future roadmap in India?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><strong>Ans.<\/strong> Cooling, electrical component and EMS stocks have a strong roadmap in India because rising temperatures, growing appliance ownership and the shift of electronics manufacturing to India keep widening the market for domestic makers. The main drivers are as follows. Cooling demand. Warmer summers lift air conditioner sales. Electrical parts. Appliances and vehicles need contact components. Electronics build. Global brands move production to India. 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_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=\"How_has_Shivalik_Bimetal_performed_financially\"><\/span><strong>How has Shivalik Bimetal performed financially?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><strong>Ans.<\/strong> Revenue rose from Rs 329 crore in FY22 to Rs 583 crore in FY26, a compound annual growth rate of 15.3%. Net profit grew from Rs 55.1 crore in FY22 to Rs 95.9 crore in FY26, which works out to a compound annual growth rate of 14.8%. In the June 2026 quarter, revenue grew 33.7% year on year to Rs 186 crore, while net profit rose 44.9% to Rs 33.0 crore. The company has a return on equity of 19.9%, a debt to equity ratio of 0.13 and a market capitalisation of Rs 5,383 crore. The stock trades at a P\/E of 50.7, above the industry P\/E of 11.3. Looking ahead, the company is growing its shunt business for electric and hybrid vehicles and smart meters while adding new components for industrial and appliance customers. Its materials expertise supports a strong position in the niche.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"How_has_Syrma_SGS_Technology_performed_financially\"><\/span><strong>How has Syrma SGS Technology performed financially?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><strong>Ans.<\/strong> Revenue rose from Rs 1,284 crore in FY22 to Rs 4,857 crore in FY26, a compound annual growth rate of 39.4%. Net profit grew from Rs 76.4 crore in FY22 to Rs 346 crore in FY26, which works out to a compound annual growth rate of 45.8%. The company has a return on equity of 11.1%, a debt to equity ratio of 0.14 and a market capitalisation of Rs 29,841 crore. The stock trades at a P\/E of 74.3, above the industry P\/E of 73.6. Looking ahead, the company benefits from the shift of electronics manufacturing to India, supported by government incentives. It is adding capacity and new capabilities in areas such as RFID, magnetics and printed circuit boards.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"What_risks_should_investors_check_before_buying_cooling_electrical_component_and_EMS_stocks\"><\/span><strong>What risks should investors check before buying cooling, electrical component and EMS stocks?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><strong>Ans.<\/strong> Investors should check a few risks before buying cooling, electrical component and EMS stocks. Seasonal demand. Cooling sales can vary with the weather. Input costs. Metal and material prices can move margins. 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_cooling_electrical_component_and_EMS_stocks_investment_advice\"><\/span><strong>Is this list of cooling, electrical component and EMS 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 27 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 cooling, electrical component and EMS stocks?\",\"acceptedAnswer\":{\"@type\":\"Answer\",\"text\":\"Cooling, electrical component and EMS stocks are listed manufacturing companies that make cooling products, electrical contact components and electronic assemblies for homes, industry and vehicles. Their earnings depend on consumer demand, order books, commodity costs and capacity use. 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Their return on equity ranges from 11.1% to 19.9%, and their revenue compound annual growth from FY22 to FY26 ranges from 15.3% to 39.4%.\"}},{\"@type\":\"Question\",\"name\":\"Why do cooling, electrical component and EMS stocks have a strong future roadmap in India?\",\"acceptedAnswer\":{\"@type\":\"Answer\",\"text\":\"Cooling, electrical component and EMS stocks have a strong roadmap in India because rising temperatures, growing appliance ownership and the shift of electronics manufacturing to India keep widening the market for domestic makers. The main drivers are as follows. Cooling demand. Warmer summers lift air conditioner sales. Electrical parts. Appliances and vehicles need contact components. Electronics build. Global brands move production to India. 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A wide service network and trusted brand support market share.\"}},{\"@type\":\"Question\",\"name\":\"How has Shivalik Bimetal performed financially?\",\"acceptedAnswer\":{\"@type\":\"Answer\",\"text\":\"Revenue rose from Rs 329 crore in FY22 to Rs 583 crore in FY26, a compound annual growth rate of 15.3%. Net profit grew from Rs 55.1 crore in FY22 to Rs 95.9 crore in FY26, which works out to a compound annual growth rate of 14.8%. In the June 2026 quarter, revenue grew 33.7% year on year to Rs 186 crore, while net profit rose 44.9% to Rs 33.0 crore. The company has a return on equity of 19.9%, a debt to equity ratio of 0.13 and a market capitalisation of Rs 5,383 crore. The stock trades at a P\/E of 50.7, above the industry P\/E of 11.3. Looking ahead, the company is growing its shunt business for electric and hybrid vehicles and smart meters while adding new components for industrial and appliance customers. 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Compare price, valuation, return on equity and revenue growth as of 27 October 2026.<\/p>\n","protected":false},"author":34,"featured_media":330320,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[845],"tags":[17133,3803,6978,17131,17132,17134,16603,8491],"class_list":["post-330321","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-best-stocks","tag-air-conditioner-and-electronics-maker-shares","tag-best-stocks","tag-blue-star","tag-cooling","tag-electrical-component-and-ems-stocks","tag-electronics-manufacturing-and-cooling-stocks","tag-shivalik-bimetal","tag-syrma-sgs-technology"],"metadata":{"rank_math_internal_links_processed":["1"],"_thumbnail_id":["330320"],"rank_math_title":["Cooling, Bimetal Components and Electronics Stocks"],"rank_math_description":["Compare 3 cooling, electrical component and EMS stocks with a strong future roadmap on CMP, market cap, P\/E, ROE and revenue growth. 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