Is Latteys Industries the Best Stock in Its Sector? A Look at the Numbers

Latteys Industries CMP Rs 21 (30 Sep 2026). Market cap Rs 118 Cr. ROE 14.91%. P/E 33.21x versus Industry P/E 46.75x.

Updated: 30 Sept 2026 • 3:28 pm

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Is Latteys Industries the Best Stock in Its Sector? A Look at the Numbers

Quick Answer

Latteys Industries is one of the names investors compare when screening the Capital Goods sector, built on a 14.91% return on equity and a P/E of 33.21x against an Industry P/E of 46.75x. Whether Latteys Industries is the best stock in its sector depends on whether an investor is optimising for return ratios, valuation, or both. This article breaks down the metrics, including a comparison against named Capital Goods sector peers, so you can judge that for yourself.

Is Latteys Industries the best stock in its sector? The stock trades on the NSE at Rs 21 as of 30 September 2026, within its 52-week range of Rs 15.79 to Rs 37.00. Latteys Industries Ltd manufactures electrical control panels and switchgear components.

Latteys Industries sits in the Capital Goods sector, and its 14.91% ROE and 33.21x P/E give a starting point for judging where it stands against comparable listed names. The rest of this article compares those numbers against verified peers and the sector's Industry P/E benchmark.

Also read – Is Abbott India the Best Stock in Its Sector? A Look at the Numbers

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Table of Contents

About Latteys Industries

Latteys Industries Ltd manufactures electrical control panels and switchgear components. It trades as a low priced small-cap, which brings liquidity and volatility risks, and its very thin book value per share means ratios should be treated with caution. At a market capitalisation of Rs 118 Cr, it is tracked as part of the Capital Goods sector on Univest.

Is Latteys Industries the Best Stock in Its Sector?

Latteys Industries makes its case as the best stock in its sector primarily on valuation relative to its Industry P/E, combining a 14.91% ROE with a 33.21x P/E against the sector's 46.75x Industry P/E. Latteys Industries' 33.21x P/E is below the 46.75x Industry P/E with a 14.91% ROE, but a very thin book value per share and a debt to equity ratio of 0.91 mean the ratios should be treated with caution.

Metric	Latteys Industries
CMP (NSE)	Rs 20.65
52-Week High / Low	Rs 37.00 / Rs 15.79
Market Cap	Rs 118 Cr
P/E (TTM) vs Industry P/E	33.21x vs 46.75x
P/B	4.96
ROE	14.91%
EPS (TTM)	Rs 0.62
Dividend Yield	0.00%
Debt to Equity	0.91

Compare Latteys Industries Against Other Capital Goods Sector Stocks

How Latteys Industries Compares Against Its Capital Goods Sector Peers

The table below sets Latteys Industries against 2 other Capital Goods sector names, using the same live data source for every company. A peer average row is included for P/E, ROE and debt to equity, calculated across the 2 peer companies.

Company	Market Cap (Rs Cr)	P/E	ROE	Debt to Equity
Latteys Industries	118	33.21	14.91%	0.91
Khaitan India	72	10.41	18.04%	0.16
Jash Engineering	3,723	43.41	14.68%	0.20
Peer average (2 companies)	-	26.91	16.36%	0.18

Against this peer set, Latteys Industries's 14.91% ROE is below the 16.36% peer average, and its P/E of 33.21x runs above the peer average of 26.91x. Latteys Industries' 33.21x P/E is below the 46.75x Industry P/E with a 14.91% ROE, but a very thin book value per share and a debt to equity ratio of 0.91 mean the ratios should be treated with caution.

What Makes Latteys Industries Worth Watching in Capital Goods

Below Industry P/E: A 33.21x P/E against a 46.75x Industry P/E is a discount for a business with a strong 14.91% ROE.
Solid ROE: A 14.91% ROE is a healthy figure for a small-cap capital goods manufacturer.
Leverage to watch: A debt to equity ratio of 0.91 is on the higher side and is a key risk for a company of this size.

Latteys Industries Valuation: Is It Justified?

Latteys Industries' 33.21x P/E is below the 46.75x Industry P/E with a 14.91% ROE, but a very thin book value per share and a debt to equity ratio of 0.91 mean the ratios should be treated with caution. As with any single stock, investors should weigh this against their own valuation discipline and risk appetite rather than the sector label alone.

Also read – Is KRBL the Best Stock in Its Sector? A Look at the Numbers

Download the Univest iOS App or Univest Android App to track Latteys Industries and other Capital Goods sector stocks.

How to Track Latteys Industries Before You Invest

Before deciding whether Latteys Industries deserves its label as the best stock in its sector for your own portfolio, compare it directly against Capital Goods sector peers using the steps below.

Open the Univest Screener and search for Latteys Industries to view live price, valuation ratios, and peer comparisons within the Capital Goods sector.
Compare its P/E, P/B, and ROE against other Capital Goods sector stocks before deciding if the current valuation fits your strategy.
Set a price alert around key support and resistance zones using the Univest app so you are notified of meaningful moves.
Open a broking account on Univest if you decide to add the stock, and size the position based on your own risk appetite and portfolio allocation.

Conclusion

Latteys Industries earns a place in the best stock in its sector conversation on the strength of a 14.91% ROE and a P/E of 33.21x against a 46.75x Industry P/E, with named peer comparisons in this article backing up that picture. As with any individual stock decision, this analysis is educational and investors should do their own research or consult a SEBI-registered advisor before investing.

Disclaimer: 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).

Is Latteys Industries the best stock in its sector?

Ans. Latteys Industries has a 14.91% ROE and trades at 33.21x P/E against a 46.75x Industry P/E, and compares below the peer average ROE of 16.36% in this article's named comparison, so the answer depends on what an investor is prioritising.

What is the current share price of Latteys Industries?

Ans. Latteys Industries was trading at Rs 20.65 on the NSE as of 30 September 2026, within its 52-week range of Rs 15.79 to Rs 37.00.

What sector does Latteys Industries belong to?

Ans. Latteys Industries is classified under the Capital Goods sector on Univest.

How does Latteys Industries compare to its sector peers on P/E?

Ans. Latteys Industries's P/E of 33.21x is above the 26.91x average of the 2 named peers compared in this article.

What is Latteys Industries's return on equity?

Ans. Latteys Industries reported a return on equity of 14.91%, which is below the 16.36% average of its named peers in this comparison.

Should I invest in Latteys Industries based on its sector position?

Ans. Latteys Industries's sector position and metrics make it worth researching further, but any investment decision should factor in your own risk appetite, its valuation relative to peers, and independent research or advice from a SEBI-registered advisor.

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