3 Smart Meters Maker, Boilers and Energy Solutions Provider and Engineering and Construction Conglomerate Stocks With a Strong Future Roadmap: Genus Power Infrastructures, Thermax and Larsen & Toubro

Smart meter, boiler and engineering major stocks bring together companies with a visible plan for the years ahead. Genus Power Infrastructures, Thermax and Larsen & Toubro cover a smart meters maker, a boilers and energy solutions provider and an engineering and construction conglomerate.

This list covers three smart meter, boiler and engineering major stocks with complete current figures: Genus Power Infrastructures, Thermax and Larsen & Toubro. Every figure comes from the latest reported financials and the 29 October 2026 market close. Companies without complete current figures were left out.

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What Are Smart Meter, Boiler and Engineering Major Stocks?

Smart meter, boiler and engineering major stocks are listed companies that make electricity meters and run metering projects, supply boilers, cooling and water treatment systems to industry and build infrastructure, energy and defence projects. Their earnings depend on utility spending, order books and project execution.

Smart Meter, Boiler and Engineering Major Stocks at a Glance

On valuation, Genus Power Infrastructures trades at a P/E below the industry P/E, while Thermax and Larsen & Toubro trade above it, which reflects the growth the market already expects. Readers comparing smart meter, boiler and engineering major 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 smart meter, boiler and engineering major stocks can use the coming numbers to test whether growth is holding.

Why Do Smart Meter, Boiler and Engineering Major Stocks Have a Strong Roadmap in India?

Smart meter, boiler and engineering major stocks have a strong roadmap in India because smart metering programmes, industrial energy efficiency needs and large infrastructure plans keep widening the market for these engineering and energy companies.

• Smart metering. Utilities replace older meters with smart ones.
• Efficiency needs. Factories invest in cleaner heat and cooling.
• Large projects. Infrastructure plans give long visibility.

Why Genus Power Infrastructures Features Among These Smart Meter, Boiler and Engineering Major Stocks

Among the smart meter, boiler and engineering major stocks on this list, Genus Power Infrastructures is a Jaipur-based maker of electricity meters, including smart meters, and also takes on turnkey metering projects for utilities.

The company has a return on equity of 26.7%, a debt to equity ratio of 1.04 and a market capitalisation of Rs 8,639 crore. The stock trades at a P/E of 13.3, below the industry P/E of 44.3.

Revenue rose from Rs 744 crore in FY22 to Rs 4,821 crore in FY26, a compound annual growth rate of 59.5%. Net profit grew from Rs 295 crore in FY25 to Rs 565 crore in FY26, a rise of 91.7%. In the June 2026 quarter, revenue grew 46.0% year on year to Rs 1,407 crore, while net profit rose 35.6% to Rs 175 crore.

Roadmap: The national smart meter rollout is the company’s main growth driver, with large orders from state utilities. The company has added capacity and is building manufacturing depth to deliver on its order book.

What to watch: Monitor execution pace on the smart meter order book and the cash collection from utilities.

Why Thermax Features Among These Smart Meter, Boiler and Engineering Major Stocks

Among the power and process projects shares on this list, Thermax provides energy and environment solutions, including boilers, cooling systems, air pollution control and water treatment, to industries in India and overseas.

Revenue rose from Rs 6,255 crore in FY22 to Rs 11,041 crore in FY26, a compound annual growth rate of 15.3%. Net profit grew from Rs 312 crore in FY22 to Rs 720 crore in FY26, which works out to a compound annual growth rate of 23.2%.

In the June 2026 quarter, revenue grew 6.6% year on year to Rs 2,371 crore. The company has a return on equity of 13.0%, a debt to equity ratio of 0.42 and a market capitalisation of Rs 38,542 crore. The stock trades at a P/E of 65.2, above the industry P/E of 43.9.

Roadmap: The company benefits from industrial demand for cleaner and more efficient energy systems. Rising focus on emission control and process efficiency supports a healthy pipeline of orders.

What to watch: Track order inflows, industrial capital spending and progress in cleaner energy products.

Why Larsen & Toubro Features Among These Smart Meter, Boiler and Engineering Major Stocks

Among the three companies on this list, Larsen and Toubro is a Mumbai-based engineering and construction conglomerate that builds infrastructure, energy and defence projects and also runs technology services, financial services and electronics businesses.

In the June 2026 quarter, revenue grew 8.1% year on year to Rs 70,318 crore, while net profit rose 15.2% to Rs 4,983 crore. Revenue rose from Rs 158,788 crore in FY22 to Rs 291,635 crore in FY26, a compound annual growth rate of 16.4%.

Net profit grew from Rs 10,291 crore in FY22 to Rs 19,159 crore in FY26, which works out to a compound annual growth rate of 16.8%. The company has a return on equity of 14.7%, a debt to equity ratio of 1.15 and a market capitalisation of Rs 501,514 crore. The stock trades at a P/E of 25.6, above the industry P/E of 21.9.

Roadmap: The company has a very large order book across infrastructure, energy and hydrocarbon projects, supported by government capital spending. Its growing technology and green energy businesses widen its sources of growth.

What to watch: Monitor order inflows, project execution and government infrastructure spending.

Genus Power Infrastructures vs Thermax vs Larsen & Toubro on Key Financials

The table below sets the three smart meter, boiler and engineering major stocks side by side on revenue, profit and margin, using reported figures.

Genus Power Infrastructures posts the highest return on equity in this group at 26.7%. Larsen & Toubro has the largest FY26 revenue at Rs 291,635 crore, and Genus Power Infrastructures shows the fastest revenue growth with a 59.5% compound annual rate. A useful habit with smart meter, boiler and engineering major stocks is to check each new quarterly result against the capacity plans the company described earlier.

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

Key Risks to Check Before Investing in Smart Meter, Boiler and Engineering Major Stocks

Every theme carries risks that deserve a check before any decision. For these smart meter, boiler and engineering major stocks, the main points are: Long-term power and process projects shares holders usually track revenue growth, margins and cash flow side by side rather than relying on a single ratio.

• Order timing. Project awards can shift between periods.
• Capex cycles. Customer spending on plants and projects can vary.
• Valuation levels. Some of these companies trade at high earnings multiples, so growth must continue to justify them.

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 smart meter, boiler and engineering major stocks by market capitalisation, P/E, ROE and growth, and build your own shortlist.

Final Thoughts on Smart Meter, Boiler and Engineering Major Stocks

Smart meter, boiler and engineering major stocks suit investors who prefer to study business strength before price moves. Genus Power Infrastructures, Thermax and Larsen & Toubro each have a clear plan to grow. Based on the 29 October 2026 close, Genus Power Infrastructures trades at Rs 278.3, Thermax at Rs 3,193.1 and Larsen & Toubro at Rs 3,837.1. Valuation matters as much as growth, so compare each company’s P/E with its industry P/E before adding any of these smart meter, boiler and engineering major stocks to a watchlist.

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What are smart meter, boiler and engineering major stocks?

Ans. Smart meter, boiler and engineering major stocks are listed companies that make electricity meters and run metering projects, supply boilers, cooling and water treatment systems to industry and build infrastructure, energy and defence projects. Their earnings depend on utility spending, order books and project execution. This list looks at three of them, Genus Power Infrastructures, Thermax and Larsen & Toubro, using reported FY22 to FY26 financials and the 29 October 2026 closing prices.

Which smart meter, boiler and engineering major stocks are covered in this list?

Ans. This list covers Genus Power Infrastructures, Thermax and Larsen & Toubro. Based on the 29 October 2026 close, Genus Power Infrastructures traded at Rs 278.3, Thermax at Rs 3,193.1 and Larsen & Toubro at Rs 3,837.1. Their return on equity ranges from 13.0% to 26.7%, and their revenue compound annual growth from FY22 to FY26 ranges from 15.3% to 59.5%.

Why do smart meter, boiler and engineering major stocks have a strong future roadmap in India?

Ans. Smart meter, boiler and engineering major stocks have a strong roadmap in India because smart metering programmes, industrial energy efficiency needs and large infrastructure plans keep widening the market for these engineering and energy companies. The main drivers are as follows. Smart metering. Utilities replace older meters with smart ones. Efficiency needs. Factories invest in cleaner heat and cooling. Large projects. Infrastructure plans give long visibility. Together these factors give the companies on this list a visible path for growth over the coming years.

How has Genus Power Infrastructures performed financially?

Ans. Revenue rose from Rs 744 crore in FY22 to Rs 4,821 crore in FY26, a compound annual growth rate of 59.5%. Net profit grew from Rs 295 crore in FY25 to Rs 565 crore in FY26, a rise of 91.7%. In the June 2026 quarter, revenue grew 46.0% year on year to Rs 1,407 crore, while net profit rose 35.6% to Rs 175 crore. The company has a return on equity of 26.7%, a debt to equity ratio of 1.04 and a market capitalisation of Rs 8,639 crore. The stock trades at a P/E of 13.3, below the industry P/E of 44.3. Looking ahead, the national smart meter rollout is the company’s main growth driver, with large orders from state utilities. The company has added capacity and is building manufacturing depth to deliver on its order book.

How has Thermax performed financially?

Ans. Revenue rose from Rs 6,255 crore in FY22 to Rs 11,041 crore in FY26, a compound annual growth rate of 15.3%. Net profit grew from Rs 312 crore in FY22 to Rs 720 crore in FY26, which works out to a compound annual growth rate of 23.2%. In the June 2026 quarter, revenue grew 6.6% year on year to Rs 2,371 crore. The company has a return on equity of 13.0%, a debt to equity ratio of 0.42 and a market capitalisation of Rs 38,542 crore. The stock trades at a P/E of 65.2, above the industry P/E of 43.9. Looking ahead, the company benefits from industrial demand for cleaner and more efficient energy systems. Rising focus on emission control and process efficiency supports a healthy pipeline of orders.

How has Larsen & Toubro performed financially?

Ans. Revenue rose from Rs 158,788 crore in FY22 to Rs 291,635 crore in FY26, a compound annual growth rate of 16.4%. Net profit grew from Rs 10,291 crore in FY22 to Rs 19,159 crore in FY26, which works out to a compound annual growth rate of 16.8%. In the June 2026 quarter, revenue grew 8.1% year on year to Rs 70,318 crore, while net profit rose 15.2% to Rs 4,983 crore. The company has a return on equity of 14.7%, a debt to equity ratio of 1.15 and a market capitalisation of Rs 501,514 crore. The stock trades at a P/E of 25.6, above the industry P/E of 21.9. Looking ahead, the company has a very large order book across infrastructure, energy and hydrocarbon projects, supported by government capital spending. Its growing technology and green energy businesses widen its sources of growth.

What risks should investors check before buying smart meter, boiler and engineering major stocks?

Ans. Investors should check a few risks before buying smart meter, boiler and engineering major stocks. Order timing. Project awards can shift between periods. Capex cycles. Customer spending on plants and projects 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.

Is this list of smart meter, boiler and engineering major stocks investment advice?

Ans. No. This article is educational and uses publicly available data as of the 29 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.