3 Ice Cream and Foods Company, Jewellery Retailer and Power Plant Services Company Stocks With a Strong Future Roadmap: Vadilal Industries, Kalyan Jewellers India and Power Mech Projects

Ice cream, jewellery and plant service stocks offer a focused view of a sector where demand keeps widening. Vadilal Industries, Kalyan Jewellers India and Power Mech Projects cover an ice cream and foods company, a jewellery retailer and a power plant services company.

This list covers three ice cream, jewellery and plant service stocks with complete current figures: Vadilal Industries, Kalyan Jewellers India and Power Mech Projects. Every figure comes from the latest reported financials and the 11 November 2026 market close. Companies without complete current figures were left out.

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What Are Ice Cream, Jewellery and Plant Service Stocks?

Ice cream, jewellery and plant service stocks are listed companies that make ice creams, frozen desserts and processed foods, run jewellery showrooms across many cities, and provide erection, maintenance and overhaul services to power plants. Their earnings depend on household spending, jewellery sales and plant service contracts.

Ice Cream, Jewellery and Plant Service Stocks at a Glance

On valuation, all three trade at a P/E below their industry P/E, which means the market is pricing them at a lower multiple than their peer group. Readers comparing ice cream, jewellery and plant service stocks should look at return on equity and debt together, since a high return earned with low debt is easier to sustain. With the Q2 FY27 results season close, investors in ice cream, jewellery and plant service stocks can use the coming numbers to test whether growth is holding.

Why Do Ice Cream, Jewellery and Plant Service Stocks Have a Strong Roadmap in India?

Ice cream, jewellery and plant service stocks have a strong roadmap in India because rising household spending, a steady shift to branded jewellery and growing maintenance work at power plants keep widening the market for these companies.

• Ice cream. Households spend more on frozen treats.
• Jewellery. Shoppers move to branded jewellery.
• Plant services. Power plants need regular upkeep.

Why Vadilal Industries Features Among These Ice Cream, Jewellery and Plant Service Stocks

Among the ice cream, jewellery and plant service stocks on this list, Vadilal Industries, based in Ahmedabad, makes ice creams and frozen desserts and also has processed foods and a franchise-led network of parlours.

The company has a return on equity of 18.2%, a debt to equity ratio of 0.27 and a market capitalisation of Rs 5,137 crore. The stock trades at a P/E of 23.4, below the industry P/E of 33.9.

Revenue rose from Rs 706 crore in FY22 to Rs 1,525 crore in FY26, a compound annual growth rate of 21.2%. Net profit grew from Rs 44.7 crore in FY22 to Rs 155 crore in FY26, which works out to a compound annual growth rate of 36.5%. In the June 2026 quarter, revenue grew 38.6% year on year to Rs 707 crore, while net profit rose 95.4% to Rs 131 crore.

Roadmap: Rising ice cream consumption, deeper cold-chain distribution and new flavours and formats support revenue. The company is widening its retail footprint and gaining share in organised frozen desserts.

What to watch: Follow seasonal demand and the pace of new distribution tie-ups.

Why Kalyan Jewellers India Features Among These Ice Cream, Jewellery and Plant Service Stocks

Among the frozen dessert, gold ornament and boiler upkeep shares on this list, Kalyan Jewellers India is a large jewellery retailer with showrooms across India and the Middle East, selling gold, diamond and studded jewellery under the Kalyan and Candere brands.

Revenue rose from Rs 10,856 crore in FY22 to Rs 35,951 crore in FY26, a compound annual growth rate of 34.9%. Net profit grew from Rs 224 crore in FY22 to Rs 1,350 crore in FY26, which works out to a compound annual growth rate of 56.7%.

In the June 2026 quarter, revenue grew 45.5% year on year to Rs 10,645 crore, while net profit rose 32.0% to Rs 349 crore. The company has a return on equity of 21.4%, a debt to equity ratio of 0.97 and a market capitalisation of Rs 52,898 crore. The stock trades at a P/E of 36.9, below the industry P/E of 44.3.

Roadmap: The company is opening showrooms in newer cities and growing its online jewellery arm. Strong brand recall and a franchise-led expansion model help it enter new regions at lower capital needs.

What to watch: Track same-store sales, new showroom additions and gold price movements.

Why Power Mech Projects Features Among These Ice Cream, Jewellery and Plant Service Stocks

Among the three companies on this list, Power Mech Projects provides erection, operation and maintenance services to thermal power, renewable energy, infrastructure and industrial clients, working across India and in select overseas markets.

In the June 2026 quarter, revenue grew 25.1% year on year to Rs 1,632 crore, while net profit rose 10.9% to Rs 89.3 crore. Revenue rose from Rs 2,728 crore in FY22 to Rs 6,107 crore in FY26, a compound annual growth rate of 22.3%.

Net profit grew from Rs 138 crore in FY22 to Rs 412 crore in FY26, which works out to a compound annual growth rate of 31.3%. The company has a return on equity of 14.4%, a debt to equity ratio of 0.26 and a market capitalisation of Rs 7,461 crore. The stock trades at a P/E of 17.7, below the industry P/E of 22.7.

Roadmap: The company benefits from the build-out of new power capacity and from recurring operation and maintenance contracts, which add stability to earnings. It has also entered infrastructure, railways and metals, widening its order base beyond power.

What to watch: Check the order book composition between power and non-power work and the pace of order inflow.

Vadilal Industries vs Kalyan Jewellers India vs Power Mech Projects on Key Financials

The table below sets the three ice cream, jewellery and plant service stocks side by side on revenue, profit and margin, using reported figures.

Kalyan Jewellers India posts the highest return on equity in this group at 21.4%. Kalyan Jewellers India combines the largest FY26 revenue at Rs 35,951 crore with the fastest revenue growth, a 34.9% compound annual rate. A useful habit with ice cream, jewellery and plant service stocks is to check each new quarterly result against the capacity plans the company described earlier. Many investors spread money across several dairy dessert, jewellery retailer and plant maintenance stocks instead of one name, which keeps a single result from deciding the outcome.

The June 2026 quarter, the latest reported, gives a fresh read on momentum:

Key Risks to Check Before Investing in Ice Cream, Jewellery and Plant Service Stocks

Every theme carries risks that deserve a check before any decision. For these ice cream, jewellery and plant service stocks, the main points are: Long-term frozen dessert, gold ornament and boiler upkeep shares holders usually track revenue growth, margins and cash flow side by side rather than relying on a single ratio.

• Consumer spending. Sales follow festivals, incomes and consumer mood.
• Commodity prices. Selling prices follow global and domestic markets.
• Order timing. Project awards can shift between periods.

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.

Use the Univest Stock Screener to filter ice cream, jewellery and plant service stocks by market capitalisation, P/E, ROE and growth, and build your own shortlist.

Final Thoughts on Ice Cream, Jewellery and Plant Service Stocks

Ice cream, jewellery and plant service stocks reward patient research into demand, execution and financial strength. Vadilal Industries, Kalyan Jewellers India and Power Mech Projects each have a clear plan to grow. Based on the 11 November 2026 close, Vadilal Industries trades at Rs 6,964.5, Kalyan Jewellers India at Rs 663.75 and Power Mech Projects at Rs 2,393.9. Valuation matters as much as growth, so compare each company's P/E with its industry P/E before adding any of these ice cream, jewellery and plant service stocks to a watchlist.

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What are ice cream, jewellery and plant service stocks?

Ans. Ice cream, jewellery and plant service stocks are listed companies that make ice creams, frozen desserts and processed foods, run jewellery showrooms across many cities, and provide erection, maintenance and overhaul services to power plants. Their earnings depend on household spending, jewellery sales and plant service contracts. This list looks at three of them, Vadilal Industries, Kalyan Jewellers India and Power Mech Projects, using reported FY22 to FY26 financials and the 11 November 2026 closing prices.

Which ice cream, jewellery and plant service stocks are covered in this list?

Ans. This list covers Vadilal Industries, Kalyan Jewellers India and Power Mech Projects. Based on the 11 November 2026 close, Vadilal Industries traded at Rs 6,964.5, Kalyan Jewellers India at Rs 663.75 and Power Mech Projects at Rs 2,393.9. Their return on equity ranges from 14.4% to 21.4%, and their revenue compound annual growth from FY22 to FY26 ranges from 21.2% to 34.9%.

Why do ice cream, jewellery and plant service stocks have a strong future roadmap in India?

Ans. Ice cream, jewellery and plant service stocks have a strong roadmap in India because rising household spending, a steady shift to branded jewellery and growing maintenance work at power plants keep widening the market for these companies. The main drivers are as follows. Ice cream. Households spend more on frozen treats. Jewellery. Shoppers move to branded jewellery. Plant services. Power plants need regular upkeep. Together these factors give the companies on this list a visible path for growth over the coming years.

How has Vadilal Industries performed financially?

Ans. Revenue rose from Rs 706 crore in FY22 to Rs 1,525 crore in FY26, a compound annual growth rate of 21.2%. Net profit grew from Rs 44.7 crore in FY22 to Rs 155 crore in FY26, which works out to a compound annual growth rate of 36.5%. In the June 2026 quarter, revenue grew 38.6% year on year to Rs 707 crore, while net profit rose 95.4% to Rs 131 crore. The company has a return on equity of 18.2%, a debt to equity ratio of 0.27 and a market capitalisation of Rs 5,137 crore. The stock trades at a P/E of 23.4, below the industry P/E of 33.9. Looking ahead, rising ice cream consumption, deeper cold-chain distribution and new flavours and formats support revenue. The company is widening its retail footprint and gaining share in organised frozen desserts.

How has Kalyan Jewellers India performed financially?

Ans. Revenue rose from Rs 10,856 crore in FY22 to Rs 35,951 crore in FY26, a compound annual growth rate of 34.9%. Net profit grew from Rs 224 crore in FY22 to Rs 1,350 crore in FY26, which works out to a compound annual growth rate of 56.7%. In the June 2026 quarter, revenue grew 45.5% year on year to Rs 10,645 crore, while net profit rose 32.0% to Rs 349 crore. The company has a return on equity of 21.4%, a debt to equity ratio of 0.97 and a market capitalisation of Rs 52,898 crore. The stock trades at a P/E of 36.9, below the industry P/E of 44.3. Looking ahead, the company is opening showrooms in newer cities and growing its online jewellery arm. Strong brand recall and a franchise-led expansion model help it enter new regions at lower capital needs.

How has Power Mech Projects performed financially?

Ans. Revenue rose from Rs 2,728 crore in FY22 to Rs 6,107 crore in FY26, a compound annual growth rate of 22.3%. Net profit grew from Rs 138 crore in FY22 to Rs 412 crore in FY26, which works out to a compound annual growth rate of 31.3%. In the June 2026 quarter, revenue grew 25.1% year on year to Rs 1,632 crore, while net profit rose 10.9% to Rs 89.3 crore. The company has a return on equity of 14.4%, a debt to equity ratio of 0.26 and a market capitalisation of Rs 7,461 crore. The stock trades at a P/E of 17.7, below the industry P/E of 22.7. Looking ahead, the company benefits from the build-out of new power capacity and from recurring operation and maintenance contracts, which add stability to earnings. It has also entered infrastructure, railways and metals, widening its order base beyond power.

What risks should investors check before buying ice cream, jewellery and plant service stocks?

Ans. Investors should check a few risks before buying ice cream, jewellery and plant service stocks. Consumer spending. Sales follow festivals, incomes and consumer mood. Commodity prices. Selling prices follow global and domestic markets. Order timing. Project awards can shift between periods. Reading the latest results presentation and comparing each company with its peers helps judge how these risks apply to each stock.

Is this list of ice cream, jewellery and plant service stocks investment advice?

Ans. No. This article is educational and uses publicly available data as of the 11 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.