BHEL vs CG Power and Industrial Solutions vs Transformers and Rectifiers India: Which Stock Should You Track

Bharat Heavy Electricals (BHEL) vs CG Power and Industrial Solutions vs Transformers and Rectifiers India starts with the core numbers most investors compare within the Power Equipment and Transformers segment: market capitalisation, valuation multiples, profitability and dividend yield. Figures below are sourced as of September 2026 and will shift with daily price moves.

All three names sit in the Power Equipment and Transformers bucket, which makes them a natural set to place side by side rather than a random trio of unrelated businesses.

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Bharat Heavy Electricals (BHEL), CG Power and Industrial Solutions and Transformers and Rectifiers India: Company Overview

Bharat Heavy Electricals (BHEL) is a listed Indian company in the Power Equipment and Transformers space, tracked here on book value, return ratios and valuation alongside its peers in this comparison.

CG Power and Industrial Solutions is a listed Indian company in the Power Equipment and Transformers space, tracked here on book value, return ratios and valuation alongside its peers in this comparison.

Transformers and Rectifiers India is a listed Indian company in the Power Equipment and Transformers space, tracked here on book value, return ratios and valuation alongside its peers in this comparison.

Bharat Heavy Electricals (BHEL) vs CG Power and Industrial Solutions vs Transformers and Rectifiers India: Valuation and Profitability Snapshot

Metric	Bharat Heavy Electricals (BHEL)	CG Power and Industrial Solutions	Transformers and Rectifiers India
Market Cap (approx.)	Rs 1,47,291 crore	Rs 1,41,162 crore	Rs 8,682 crore
PE Ratio (TTM)	60.52	113.85	32.28
PB Ratio	5.63	17.71	5.73
Return on Equity (ROE)	6.12%	15.13%	17.45%
EPS (TTM, Rs)	6.99	7.87	8.96
Dividend Yield	0.33%	0.15%	0.09%
Debt to Equity	0.31	0.01	0.30
Book Value per Share (Rs)	75.09	50.59	50.47

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On valuation, Bharat Heavy Electricals (BHEL) trades at a PE of 60.52 and a PB of 5.63, CG Power and Industrial Solutions at a PE of 113.85 and a PB of 17.71, while Transformers and Rectifiers India trades at a PE of 32.28 and a PB of 5.73. On return on equity, the three post 6.12%, 15.13% and 17.45% respectively, and on dividend yield they stand at 0.33%, 0.15% and 0.09%.

Bharat Heavy Electricals (BHEL) vs CG Power and Industrial Solutions vs Transformers and Rectifiers India: Latest Quarterly Results

Company	Latest Quarter Revenue	Latest Quarter Net Profit	YoY Change (Revenue)	QoQ Change (Revenue)
Bharat Heavy Electricals (BHEL)	Rs 7,911.86 crore	Rs 376.71 crore	+39.8%	-37.0%
CG Power and Industrial Solutions	Rs 3,364.39 crore	Rs 308.28 crore	+15.8%	-4.4%
Transformers and Rectifiers India	Rs 588.65 crore	Rs 64.29 crore	+7.1%	-26.9%

Quarterly figures above are the most recent reported quarter for each company (Q1 FY28, quarter ended June 2026), compared with the year-ago and preceding quarter.

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What Should Investors Look at Beyond These Numbers?

Beyond the metrics above, investors comparing these three power equipment and transformers names should track quarter-on-quarter revenue and margin trends, management commentary on demand and cost drivers, and any sector-specific regulatory developments, since a single-quarter snapshot can shift quickly.

Conclusion

Bharat Heavy Electricals (BHEL) vs CG Power and Industrial Solutions vs Transformers and Rectifiers India highlights how differently three companies in the same power equipment and transformers segment can score across valuation, profitability and dividend metrics, even when operating in a similar space. This comparison does not declare a winner; investors should weigh these figures against their own research and risk appetite. Please read the disclaimer below before making any investment decision.

FAQs on Bharat Heavy Electricals (BHEL) vs CG Power and Industrial Solutions vs Transformers and Rectifiers India

What is the market cap difference between Bharat Heavy Electricals (BHEL), CG Power and Industrial Solutions and Transformers and Rectifiers India?

Ans. As of September 2026, Bharat Heavy Electricals (BHEL) has a market cap of approximately Rs 1,47,291 crore, CG Power and Industrial Solutions is at approximately Rs 1,41,162 crore, and Transformers and Rectifiers India is at approximately Rs 8,682 crore.

Which of the three has the highest PE ratio?

Ans. Among Bharat Heavy Electricals (BHEL), CG Power and Industrial Solutions and Transformers and Rectifiers India, the PE ratios stand at 60.52, 113.85 and 32.28 respectively as of September 2026.

Which of the three has the highest ROE?

Ans. Bharat Heavy Electricals (BHEL), CG Power and Industrial Solutions and Transformers and Rectifiers India post ROE of 6.12%, 15.13% and 17.45% respectively as of September 2026.

Which of these three stocks pays the highest dividend yield?

Ans. Bharat Heavy Electricals (BHEL), CG Power and Industrial Solutions and Transformers and Rectifiers India carry dividend yields of 0.33%, 0.15% and 0.09% respectively.

What is the debt to equity ratio for Bharat Heavy Electricals (BHEL), CG Power and Industrial Solutions and Transformers and Rectifiers India?

Ans. Bharat Heavy Electricals (BHEL) carries a debt to equity of 0.31, CG Power and Industrial Solutions of 0.01, and Transformers and Rectifiers India of 0.30.

Which of the three trades at the highest price to book value?

Ans. Bharat Heavy Electricals (BHEL), CG Power and Industrial Solutions and Transformers and Rectifiers India trade at price to book ratios of 5.63, 17.71 and 5.73 respectively.

Is one of Bharat Heavy Electricals (BHEL), CG Power and Industrial Solutions or Transformers and Rectifiers India better than the others?

Ans. This comparison does not declare one stock better than another; each company scores differently across valuation, profitability and dividend metrics, and the right fit depends on an individual investor's own criteria and research.