{"id":338577,"date":"2026-11-04T11:26:28","date_gmt":"2026-11-04T05:56:28","guid":{"rendered":"https:\/\/univest.in\/blogs-2\/?p=338577"},"modified":"2026-11-04T11:26:28","modified_gmt":"2026-11-04T05:56:28","slug":"turbine-generators-maker-engines-and-power-systems-maker-and-engineering-consultancy-stocks-roadmap-lantern-list","status":"publish","type":"post","link":"https:\/\/univest.in\/blogs-2\/turbine-generators-maker-engines-and-power-systems-maker-and-engineering-consultancy-stocks-roadmap-lantern-list\/","title":{"rendered":"3 Turbine Generators Maker, Engines and Power Systems Maker and Engineering Consultancy Stocks With a Strong Future Roadmap: TD Power Systems, Cummins India and Engineers India"},"content":{"rendered":"<p style=\"border-left:4px solid #1F4E84;background:#EBF3FB;padding:10px 16px;font-style:italic;\"><em>TD Power Systems, Cummins India and Engineers India: ROE of 22.0% to 27.9% and FY22 to FY26 revenue CAGR of 7.9% to 23.2%. Prices as of 3 Nov 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:#1F4E84;font-size:14px;\"><strong>Quick Answer<\/strong><\/p>\n<p style=\"margin:8px 0 0;\">The three generator, engine and consultancy stocks to watch are TD Power Systems, Cummins India and Engineers India. Their return on equity ranges from 22.0% to 27.9%, and their revenue compound annual growth from FY22 to FY26 ranges from 7.9% to 23.2%. Cummins India has the highest return on equity at 27.9%, while TD Power Systems has the fastest revenue growth at 23.2% a year. Prices are based on the 3 November 2026 close, and this article is educational, not investment advice.<\/p>\n<\/div>\n<p>Generator, engine and consultancy stocks let investors follow companies that serve a growing part of the Indian economy. TD Power Systems, Cummins India and Engineers India cover a turbine generators maker, an engines and power systems maker and an engineering consultancy.<\/p>\n<p>This list covers three generator, engine and consultancy stocks with complete current figures: TD Power Systems, Cummins India and Engineers India. Every figure comes from the latest reported financials and the 3 November 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-engines-and-power-systems-maker-and-engineering-consultancy-stocks-roadmap-lantern-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-engines-and-power-systems-maker-and-engineering-consultancy-stocks-roadmap-lantern-list\/#What_Are_Generator_Engine_and_Consultancy_Stocks\" title=\"What Are Generator, Engine and Consultancy Stocks?\">What Are Generator, Engine and Consultancy 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-engines-and-power-systems-maker-and-engineering-consultancy-stocks-roadmap-lantern-list\/#Generator_Engine_and_Consultancy_Stocks_at_a_Glance\" title=\"Generator, Engine and Consultancy Stocks at a Glance\">Generator, Engine and Consultancy 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-engines-and-power-systems-maker-and-engineering-consultancy-stocks-roadmap-lantern-list\/#Why_Do_Generator_Engine_and_Consultancy_Stocks_Have_a_Strong_Roadmap_in_India\" title=\"Why Do Generator, Engine and Consultancy Stocks Have a Strong Roadmap in India?\">Why Do Generator, Engine and Consultancy 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-engines-and-power-systems-maker-and-engineering-consultancy-stocks-roadmap-lantern-list\/#Why_TD_Power_Systems_Features_Among_These_Generator_Engine_and_Consultancy_Stocks\" title=\"Why TD Power Systems Features Among These Generator, Engine and Consultancy Stocks\">Why TD Power Systems Features Among These Generator, Engine and Consultancy 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-engines-and-power-systems-maker-and-engineering-consultancy-stocks-roadmap-lantern-list\/#Why_Cummins_India_Features_Among_These_Generator_Engine_and_Consultancy_Stocks\" title=\"Why Cummins India Features Among These Generator, Engine and Consultancy Stocks\">Why Cummins India Features Among These Generator, Engine and Consultancy 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-engines-and-power-systems-maker-and-engineering-consultancy-stocks-roadmap-lantern-list\/#Why_Engineers_India_Features_Among_These_Generator_Engine_and_Consultancy_Stocks\" title=\"Why Engineers India Features Among These Generator, Engine and Consultancy Stocks\">Why Engineers India Features Among These Generator, Engine and Consultancy 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-engines-and-power-systems-maker-and-engineering-consultancy-stocks-roadmap-lantern-list\/#TD_Power_Systems_vs_Cummins_India_vs_Engineers_India_on_Key_Financials\" title=\"TD Power Systems vs Cummins India vs Engineers India on Key Financials\">TD Power Systems vs Cummins India vs Engineers India 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-engines-and-power-systems-maker-and-engineering-consultancy-stocks-roadmap-lantern-list\/#Key_Risks_to_Check_Before_Investing_in_Generator_Engine_and_Consultancy_Stocks\" title=\"Key Risks to Check Before Investing in Generator, Engine and Consultancy Stocks\">Key Risks to Check Before Investing in Generator, Engine and Consultancy 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-engines-and-power-systems-maker-and-engineering-consultancy-stocks-roadmap-lantern-list\/#Final_Thoughts_on_Generator_Engine_and_Consultancy_Stocks\" title=\"Final Thoughts on Generator, Engine and Consultancy Stocks\">Final Thoughts on Generator, Engine and Consultancy 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-engines-and-power-systems-maker-and-engineering-consultancy-stocks-roadmap-lantern-list\/#What_are_generator_engine_and_consultancy_stocks\" title=\"What are generator, engine and consultancy stocks?\">What are generator, engine and consultancy 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-engines-and-power-systems-maker-and-engineering-consultancy-stocks-roadmap-lantern-list\/#Which_generator_engine_and_consultancy_stocks_are_covered_in_this_list\" title=\"Which generator, engine and consultancy stocks are covered in this list?\">Which generator, engine and consultancy 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-engines-and-power-systems-maker-and-engineering-consultancy-stocks-roadmap-lantern-list\/#Why_do_generator_engine_and_consultancy_stocks_have_a_strong_future_roadmap_in_India\" title=\"Why do generator, engine and consultancy stocks have a strong future roadmap in India?\">Why do generator, engine and consultancy 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-engines-and-power-systems-maker-and-engineering-consultancy-stocks-roadmap-lantern-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-engines-and-power-systems-maker-and-engineering-consultancy-stocks-roadmap-lantern-list\/#How_has_Cummins_India_performed_financially\" title=\"How has Cummins India performed financially?\">How has Cummins India performed financially?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-15\" href=\"https:\/\/univest.in\/blogs-2\/turbine-generators-maker-engines-and-power-systems-maker-and-engineering-consultancy-stocks-roadmap-lantern-list\/#How_has_Engineers_India_performed_financially\" title=\"How has Engineers India performed financially?\">How has Engineers India 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-engines-and-power-systems-maker-and-engineering-consultancy-stocks-roadmap-lantern-list\/#What_risks_should_investors_check_before_buying_generator_engine_and_consultancy_stocks\" title=\"What risks should investors check before buying generator, engine and consultancy stocks?\">What risks should investors check before buying generator, engine and consultancy 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-engines-and-power-systems-maker-and-engineering-consultancy-stocks-roadmap-lantern-list\/#Is_this_list_of_generator_engine_and_consultancy_stocks_investment_advice\" title=\"Is this list of generator, engine and consultancy stocks investment advice?\">Is this list of generator, engine and consultancy stocks investment advice?<\/a><\/li><\/ul><\/li><\/ul><\/nav><\/div>\n<h2><span class=\"ez-toc-section\" id=\"What_Are_Generator_Engine_and_Consultancy_Stocks\"><\/span><strong>What Are Generator, Engine and Consultancy Stocks?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>Generator, engine and consultancy stocks are listed companies that make generators for steam, gas, hydro and wind turbines, produce engines and generator sets for data centres and industry, and provide design and project services to oil, gas and fertiliser clients. Their earnings depend on power and process plant investment.<\/p>\n<h2><span class=\"ez-toc-section\" id=\"Generator_Engine_and_Consultancy_Stocks_at_a_Glance\"><\/span><strong>Generator, Engine and Consultancy 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;\">711.55<\/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\/cumminsind\/cummins-india-ltd-share-price-today\">Cummins India<\/a><\/td>\n<td style=\"border:1px solid #DDDDDD;padding:8px 10px;text-align:left;\">4,650<\/td>\n<td style=\"border:1px solid #DDDDDD;padding:8px 10px;text-align:left;\">127,515<\/td>\n<td style=\"border:1px solid #DDDDDD;padding:8px 10px;text-align:left;\">53.9<\/td>\n<td style=\"border:1px solid #DDDDDD;padding:8px 10px;text-align:left;\">44.4<\/td>\n<td style=\"border:1px solid #DDDDDD;padding:8px 10px;text-align:left;\">27.9<\/td>\n<td style=\"border:1px solid #DDDDDD;padding:8px 10px;text-align:left;\">0.00<\/td>\n<\/tr>\n<tr>\n<td style=\"border:1px solid #DDDDDD;padding:8px 10px;text-align:left;\"><a href=\"https:\/\/univest.in\/stocks\/enginersin\/engineers-india-ltd-share-price-today\">Engineers India<\/a><\/td>\n<td style=\"border:1px solid #DDDDDD;padding:8px 10px;text-align:left;\">289.25<\/td>\n<td style=\"border:1px solid #DDDDDD;padding:8px 10px;text-align:left;\">15,096<\/td>\n<td style=\"border:1px solid #DDDDDD;padding:8px 10px;text-align:left;\">19.2<\/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;\">22.0<\/td>\n<td style=\"border:1px solid #DDDDDD;padding:8px 10px;text-align:left;\">0.01<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<\/div>\n<p>On valuation, Engineers India trades at a P\/E below the industry P\/E, while TD Power Systems and Cummins India trade above it, which reflects the growth the market already expects. Readers comparing generator, engine and consultancy 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_Generator_Engine_and_Consultancy_Stocks_Have_a_Strong_Roadmap_in_India\"><\/span><strong>Why Do Generator, Engine and Consultancy Stocks Have a Strong Roadmap in India?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>Generator, engine and consultancy stocks have a strong roadmap in India because new power capacity, data centre build outs and refinery and petrochemical projects keep widening the market for these capital goods companies.<\/p>\n<ul>\n<li><strong>Generators.<\/strong> Turbine makers need generators for new plants.<\/li>\n<li><strong>Engines.<\/strong> Data centres and industry need backup power.<\/li>\n<li><strong>Engineering services.<\/strong> Refineries and plants need design and project help.<\/li>\n<\/ul>\n<h2><span class=\"ez-toc-section\" id=\"Why_TD_Power_Systems_Features_Among_These_Generator_Engine_and_Consultancy_Stocks\"><\/span><strong>Why TD Power Systems Features Among These Generator, Engine and Consultancy Stocks<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>Among the generator, engine and consultancy 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_Cummins_India_Features_Among_These_Generator_Engine_and_Consultancy_Stocks\"><\/span><strong>Why Cummins India Features Among These Generator, Engine and Consultancy Stocks<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>Among the power equipment and design shares on this list, Cummins India makes diesel and natural gas engines, generator sets, filtration products and power systems for infrastructure, data centres and industrial customers, and it also exports.<\/p>\n<p>In the June 2026 quarter, revenue grew 17.2% year on year to Rs 3,563 crore, while net profit rose 0.9% to Rs 609 crore. Revenue rose from Rs 6,414 crore in FY22 to Rs 12,661 crore in FY26, a compound annual growth rate of 18.5%.<\/p>\n<p>Net profit grew from Rs 934 crore in FY22 to Rs 2,362 crore in FY26, which works out to a compound annual growth rate of 26.1%. The company has a return on equity of 27.9%, a debt to equity ratio of 0.00 and a market capitalisation of Rs 127,515 crore. The stock trades at a P\/E of 53.9, above the industry P\/E of 44.4.<\/p>\n<p><strong>Roadmap:<\/strong> The company benefits from demand for backup power at data centres, infrastructure projects and industrial plants, and it is widening its export base. A debt-free balance sheet supports capacity additions and new product lines.<\/p>\n<p><strong>What to watch:<\/strong> Track demand from data centres and new infrastructure and the growth of exports.<\/p>\n<h2><span class=\"ez-toc-section\" id=\"Why_Engineers_India_Features_Among_These_Generator_Engine_and_Consultancy_Stocks\"><\/span><strong>Why Engineers India Features Among These Generator, Engine and Consultancy Stocks<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>Among the three companies on this list, Engineers India is a public sector engineering consultancy and project company that provides design, project management and construction services to oil, gas, petrochemical, fertiliser and infrastructure clients.<\/p>\n<p>The company has a return on equity of 22.0%, a debt to equity ratio of 0.01 and a market capitalisation of Rs 15,096 crore. The stock trades at a P\/E of 19.2, below the industry P\/E of 22.7.<\/p>\n<p>Revenue rose from Rs 3,043 crore in FY22 to Rs 4,123 crore in FY26, a compound annual growth rate of 7.9%. Net profit grew from Rs 343 crore in FY22 to Rs 692 crore in FY26, which works out to a compound annual growth rate of 19.2%.<\/p>\n<p><strong>Roadmap:<\/strong> The company is involved in refinery expansions and new petrochemical projects and is widening its work in green energy, hydrogen and infrastructure. A debt-free balance sheet and a strong order book give it capacity to take on large mandates.<\/p>\n<p><strong>What to watch:<\/strong> Monitor order inflow from refinery and petrochemical projects and execution of existing mandates.<\/p>\n<h2><span class=\"ez-toc-section\" id=\"TD_Power_Systems_vs_Cummins_India_vs_Engineers_India_on_Key_Financials\"><\/span><strong>TD Power Systems vs Cummins India vs Engineers India on Key Financials<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>The table below sets the three generator, engine and consultancy 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;\">Cummins India<\/td>\n<td style=\"border:1px solid #DDDDDD;padding:8px 10px;text-align:left;\">6,414<\/td>\n<td style=\"border:1px solid #DDDDDD;padding:8px 10px;text-align:left;\">12,661<\/td>\n<td style=\"border:1px solid #DDDDDD;padding:8px 10px;text-align:left;\">18.5%<\/td>\n<td style=\"border:1px solid #DDDDDD;padding:8px 10px;text-align:left;\">2,362<\/td>\n<td style=\"border:1px solid #DDDDDD;padding:8px 10px;text-align:left;\">18.7%<\/td>\n<\/tr>\n<tr>\n<td style=\"border:1px solid #DDDDDD;padding:8px 10px;text-align:left;\">Engineers India<\/td>\n<td style=\"border:1px solid #DDDDDD;padding:8px 10px;text-align:left;\">3,043<\/td>\n<td style=\"border:1px solid #DDDDDD;padding:8px 10px;text-align:left;\">4,123<\/td>\n<td style=\"border:1px solid #DDDDDD;padding:8px 10px;text-align:left;\">7.9%<\/td>\n<td style=\"border:1px solid #DDDDDD;padding:8px 10px;text-align:left;\">692<\/td>\n<td style=\"border:1px solid #DDDDDD;padding:8px 10px;text-align:left;\">16.8%<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<\/div>\n<p>Cummins India posts the highest return on equity in this group at 27.9%. Cummins India has the largest FY26 revenue at Rs 12,661 crore, and TD Power Systems shows the fastest revenue growth with a 23.2% compound annual rate. A useful habit with generator, engine and consultancy 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_Generator_Engine_and_Consultancy_Stocks\"><\/span><strong>Key Risks to Check Before Investing in Generator, Engine and Consultancy 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 generator, engine and consultancy stocks, the main points are: Long-term power equipment and design 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 awards can shift between periods.<\/li>\n<li><strong>Capital spending cycles.<\/strong> Customer investment in plants and equipment can vary.<\/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 generator, engine and consultancy 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_Generator_Engine_and_Consultancy_Stocks\"><\/span><strong>Final Thoughts on Generator, Engine and Consultancy Stocks<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>Generator, engine and consultancy stocks reward investors who follow demand trends, order books and margins together. TD Power Systems, Cummins India and Engineers India each have a clear plan to grow. Based on the 3 November 2026 close, TD Power Systems trades at Rs 711.55, Cummins India at Rs 4,650 and Engineers India at Rs 289.25.<\/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 generator, engine and consultancy 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_generator_engine_and_consultancy_stocks\"><\/span><strong>What are generator, engine and consultancy stocks?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><strong>Ans.<\/strong> Generator, engine and consultancy stocks are listed companies that make generators for steam, gas, hydro and wind turbines, produce engines and generator sets for data centres and industry, and provide design and project services to oil, gas and fertiliser clients. Their earnings depend on power and process plant investment. This list looks at three of them, TD Power Systems, Cummins India and Engineers India, using reported FY22 to FY26 financials and the 3 November 2026 closing prices.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"Which_generator_engine_and_consultancy_stocks_are_covered_in_this_list\"><\/span><strong>Which generator, engine and consultancy 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, Cummins India and Engineers India. Based on the 3 November 2026 close, TD Power Systems traded at Rs 711.55, Cummins India at Rs 4,650 and Engineers India at Rs 289.25. Their return on equity ranges from 22.0% to 27.9%, and their revenue compound annual growth from FY22 to FY26 ranges from 7.9% to 23.2%.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"Why_do_generator_engine_and_consultancy_stocks_have_a_strong_future_roadmap_in_India\"><\/span><strong>Why do generator, engine and consultancy stocks have a strong future roadmap in India?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><strong>Ans.<\/strong> Generator, engine and consultancy stocks have a strong roadmap in India because new power capacity, data centre build outs and refinery and petrochemical projects keep widening the market for these capital goods companies. The main drivers are as follows. Generators. Turbine makers need generators for new plants. Engines. Data centres and industry need backup power. Engineering services. Refineries and plants need design and project help. 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_Cummins_India_performed_financially\"><\/span><strong>How has Cummins India performed financially?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><strong>Ans.<\/strong> Revenue rose from Rs 6,414 crore in FY22 to Rs 12,661 crore in FY26, a compound annual growth rate of 18.5%. Net profit grew from Rs 934 crore in FY22 to Rs 2,362 crore in FY26, which works out to a compound annual growth rate of 26.1%. In the June 2026 quarter, revenue grew 17.2% year on year to Rs 3,563 crore, while net profit rose 0.9% to Rs 609 crore. The company has a return on equity of 27.9%, a debt to equity ratio of 0.00 and a market capitalisation of Rs 127,515 crore. The stock trades at a P\/E of 53.9, above the industry P\/E of 44.4. Looking ahead, the company benefits from demand for backup power at data centres, infrastructure projects and industrial plants, and it is widening its export base. A debt-free balance sheet supports capacity additions and new product lines.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"How_has_Engineers_India_performed_financially\"><\/span><strong>How has Engineers India performed financially?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><strong>Ans.<\/strong> Revenue rose from Rs 3,043 crore in FY22 to Rs 4,123 crore in FY26, a compound annual growth rate of 7.9%. Net profit grew from Rs 343 crore in FY22 to Rs 692 crore in FY26, which works out to a compound annual growth rate of 19.2%. The company has a return on equity of 22.0%, a debt to equity ratio of 0.01 and a market capitalisation of Rs 15,096 crore. The stock trades at a P\/E of 19.2, below the industry P\/E of 22.7. Looking ahead, the company is involved in refinery expansions and new petrochemical projects and is widening its work in green energy, hydrogen and infrastructure. A debt-free balance sheet and a strong order book give it capacity to take on large mandates.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"What_risks_should_investors_check_before_buying_generator_engine_and_consultancy_stocks\"><\/span><strong>What risks should investors check before buying generator, engine and consultancy stocks?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><strong>Ans.<\/strong> Investors should check a few risks before buying generator, engine and consultancy stocks. Order timing. Project awards can shift between periods. Capital spending cycles. Customer investment in plants and equipment can vary. 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_generator_engine_and_consultancy_stocks_investment_advice\"><\/span><strong>Is this list of generator, engine and consultancy 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 3 November 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 generator, engine and consultancy stocks?\",\"acceptedAnswer\":{\"@type\":\"Answer\",\"text\":\"Generator, engine and consultancy stocks are listed companies that make generators for steam, gas, hydro and wind turbines, produce engines and generator sets for data centres and industry, and provide design and project services to oil, gas and fertiliser clients. Their earnings depend on power and process plant investment. This list looks at three of them, TD Power Systems, Cummins India and Engineers India, using reported FY22 to FY26 financials and the 3 November 2026 closing prices.\"}},{\"@type\":\"Question\",\"name\":\"Which generator, engine and consultancy stocks are covered in this list?\",\"acceptedAnswer\":{\"@type\":\"Answer\",\"text\":\"This list covers TD Power Systems, Cummins India and Engineers India. Based on the 3 November 2026 close, TD Power Systems traded at Rs 711.55, Cummins India at Rs 4,650 and Engineers India at Rs 289.25. Their return on equity ranges from 22.0% to 27.9%, and their revenue compound annual growth from FY22 to FY26 ranges from 7.9% to 23.2%.\"}},{\"@type\":\"Question\",\"name\":\"Why do generator, engine and consultancy stocks have a strong future roadmap in India?\",\"acceptedAnswer\":{\"@type\":\"Answer\",\"text\":\"Generator, engine and consultancy stocks have a strong roadmap in India because new power capacity, data centre build outs and refinery and petrochemical projects keep widening the market for these capital goods companies. The main drivers are as follows. Generators. Turbine makers need generators for new plants. Engines. Data centres and industry need backup power. Engineering services. Refineries and plants need design and project help. Together these factors give the companies on this list a visible path for growth over the coming years.\"}},{\"@type\":\"Question\",\"name\":\"How has TD Power Systems performed financially?\",\"acceptedAnswer\":{\"@type\":\"Answer\",\"text\":\"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.\"}},{\"@type\":\"Question\",\"name\":\"How has Cummins India performed financially?\",\"acceptedAnswer\":{\"@type\":\"Answer\",\"text\":\"Revenue rose from Rs 6,414 crore in FY22 to Rs 12,661 crore in FY26, a compound annual growth rate of 18.5%. Net profit grew from Rs 934 crore in FY22 to Rs 2,362 crore in FY26, which works out to a compound annual growth rate of 26.1%. In the June 2026 quarter, revenue grew 17.2% year on year to Rs 3,563 crore, while net profit rose 0.9% to Rs 609 crore. The company has a return on equity of 27.9%, a debt to equity ratio of 0.00 and a market capitalisation of Rs 127,515 crore. The stock trades at a P\/E of 53.9, above the industry P\/E of 44.4. Looking ahead, the company benefits from demand for backup power at data centres, infrastructure projects and industrial plants, and it is widening its export base. A debt-free balance sheet supports capacity additions and new product lines.\"}},{\"@type\":\"Question\",\"name\":\"How has Engineers India performed financially?\",\"acceptedAnswer\":{\"@type\":\"Answer\",\"text\":\"Revenue rose from Rs 3,043 crore in FY22 to Rs 4,123 crore in FY26, a compound annual growth rate of 7.9%. Net profit grew from Rs 343 crore in FY22 to Rs 692 crore in FY26, which works out to a compound annual growth rate of 19.2%. The company has a return on equity of 22.0%, a debt to equity ratio of 0.01 and a market capitalisation of Rs 15,096 crore. The stock trades at a P\/E of 19.2, below the industry P\/E of 22.7. Looking ahead, the company is involved in refinery expansions and new petrochemical projects and is widening its work in green energy, hydrogen and infrastructure. A debt-free balance sheet and a strong order book give it capacity to take on large mandates.\"}},{\"@type\":\"Question\",\"name\":\"What risks should investors check before buying generator, engine and consultancy stocks?\",\"acceptedAnswer\":{\"@type\":\"Answer\",\"text\":\"Investors should check a few risks before buying generator, engine and consultancy stocks. Order timing. Project awards can shift between periods. Capital spending cycles. Customer investment in plants and equipment can vary. 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 generator, engine and consultancy stocks investment advice?\",\"acceptedAnswer\":{\"@type\":\"Answer\",\"text\":\"No. This article is educational and uses publicly available data as of the 3 November 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>Generator, Engine and Consultancy Stocks with a strong future roadmap: TD Power Systems, Cummins India and Engineers India. Compare price, valuation, return on equity and revenue growth as of 3 November 2026.<\/p>\n","protected":false},"author":38,"featured_media":338576,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[845],"tags":[3803,731,19589,5971,14790,19590,8319,19591],"class_list":["post-338577","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-best-stocks","tag-best-stocks","tag-cummins-india","tag-engine-and-consultancy-stocks","tag-engineers-india","tag-generator","tag-power-equipment-and-design-shares","tag-td-power-systems","tag-turbine-generator-and-engine-stocks"],"metadata":{"rank_math_internal_links_processed":["1"],"_thumbnail_id":["338576"],"rank_math_title":["Generator, Engine and Engineering Stocks"],"rank_math_description":["Compare 3 generator, engine and consultancy stocks with a strong future roadmap on CMP, market cap, P\/E, ROE and revenue growth. Data as of 3 Nov 2026."],"rank_math_focus_keyword":["generator, engine and consultancy stocks"],"rank_math_robots":["a:2:{i:0;s:7:\"noindex\";i:1;s:8:\"nofollow\";}"]},"jetpack_sharing_enabled":true,"jetpack_featured_media_url":"https:\/\/univest.in\/blogs-2\/wp-content\/uploads\/2026\/11\/3-turbine-generators-maker-engines-and-power-systems-maker-and-engineering.webp","_links":{"self":[{"href":"https:\/\/univest.in\/blogs-2\/wp-json\/wp\/v2\/posts\/338577","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/univest.in\/blogs-2\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/univest.in\/blogs-2\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/univest.in\/blogs-2\/wp-json\/wp\/v2\/users\/38"}],"replies":[{"embeddable":true,"href":"https:\/\/univest.in\/blogs-2\/wp-json\/wp\/v2\/comments?post=338577"}],"version-history":[{"count":1,"href":"https:\/\/univest.in\/blogs-2\/wp-json\/wp\/v2\/posts\/338577\/revisions"}],"predecessor-version":[{"id":338578,"href":"https:\/\/univest.in\/blogs-2\/wp-json\/wp\/v2\/posts\/338577\/revisions\/338578"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/univest.in\/blogs-2\/wp-json\/wp\/v2\/media\/338576"}],"wp:attachment":[{"href":"https:\/\/univest.in\/blogs-2\/wp-json\/wp\/v2\/media?parent=338577"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/univest.in\/blogs-2\/wp-json\/wp\/v2\/categories?post=338577"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/univest.in\/blogs-2\/wp-json\/wp\/v2\/tags?post=338577"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}