3 Smart Meters, Power Cables and Consumer Electricals Stocks With a Strong Future Roadmap: Genus Power Infrastructures, KEI Industries and Havells India

Smart meter, cable and electrical goods stocks let investors follow makers of the products that measure, carry and use electricity. Genus Power Infrastructures, KEI Industries and Havells India cover smart meters, power cables and consumer electricals.

This list covers three smart meter, cable and electrical goods stocks with complete current figures: Genus Power Infrastructures, KEI Industries and Havells India. Every figure comes from the latest reported financials and the 21 October 2026 market close. Companies without complete current figures were left out.

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What Are Smart Meter, Cable and Electrical Goods Stocks?

Smart meter, cable and electrical goods stocks are listed companies that make electricity meters, wires and cables, and appliances and switchgear for utilities, industry and households. Their earnings depend on utility programmes, housing activity and brand strength.

Smart Meter, Cable and Electrical Goods 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 smart meter, cable and electrical goods 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, cable and electrical goods stocks can use the coming numbers to test whether growth is holding.

Why Do Smart Meter, Cable and Electrical Goods Stocks Have a Strong Roadmap in India?

Smart meter, cable and electrical goods stocks have a strong roadmap in India because meter replacement programmes, grid upgrades and housing growth are raising demand for meters, cables and electrical goods.

• Meter programmes. Utilities are replacing old meters with smart meters.
• Grid investment. Network upgrades need large volumes of cables.
• Housing growth. New homes need wires, fans and switchgear.

Why Genus Power Infrastructures Features Among These Smart Meter, Cable and Electrical Goods Stocks

Among the smart meter, cable and electrical goods 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.

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. 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%. 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.

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 KEI Industries Features Among These Smart Meter, Cable and Electrical Goods Stocks

Among the smart metering shares on this list, KEI Industries makes power cables, house wires, and extra high voltage cables, and also offers engineering, procurement and construction services for power projects.

The company has a return on equity of 13.8%, a debt to equity ratio of 0.04 and a market capitalisation of Rs 42,514 crore. The stock trades at a P/E of 42.6, below the industry P/E of 45.1.

Revenue rose from Rs 5,742 crore in FY22 to Rs 11,906 crore in FY26, a compound annual growth rate of 20.0%. Net profit grew from Rs 376 crore in FY22 to Rs 918 crore in FY26, which works out to a compound annual growth rate of 25.0%. In the June 2026 quarter, revenue grew 21.9% year on year to Rs 3,205 crore, while net profit rose 40.0% to Rs 274 crore.

Roadmap: The company benefits from the demand for cables in power transmission, housing and industrial projects, and is expanding capacity to meet it. Rising exports and the shift to branded wires add further growth drivers.

What to watch: Check the capacity additions and the share of the retail business in revenue.

Why Havells India Features Among These Smart Meter, Cable and Electrical Goods Stocks

Among the three companies on this list, Havells India is a leading electrical products company that sells fans, lighting, switchgear, wires and cables, and consumer appliances, along with Lloyd air conditioners.

Revenue rose from Rs 14,099 crore in FY22 to Rs 23,022 crore in FY26, a compound annual growth rate of 13.0%. Net profit grew from Rs 1,196 crore in FY22 to Rs 1,689 crore in FY26, which works out to a compound annual growth rate of 9.0%.

In the June 2026 quarter, revenue grew 19.0% year on year to Rs 6,572 crore. The company has a return on equity of 17.9%, a debt to equity ratio of 0.03 and a market capitalisation of Rs 68,928 crore. The stock trades at a P/E of 42.2, below the industry P/E of 44.3.

Roadmap: The company sells through a wide dealer network and keeps adding premium products and new categories such as air conditioners and water heaters. Capacity expansion in cables and appliances supports future growth.

What to watch: Check growth in the cables and Lloyd air conditioner businesses.

Genus Power Infrastructures vs KEI Industries vs Havells India on Key Financials

The table below sets the three smart meter, cable and electrical goods 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%. Havells India has the largest FY26 revenue at Rs 23,022 crore, and Genus Power Infrastructures shows the fastest revenue growth with a 59.5% compound annual rate. A useful habit with smart meter, cable and electrical goods 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, Cable and Electrical Goods Stocks

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

• Raw material costs. Copper and aluminium prices can affect margins.
• Order timing. Large utility orders may shift between quarters.
• 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, cable and electrical goods stocks by market capitalisation, P/E, ROE and growth, and build your own shortlist.

Final Thoughts on Smart Meter, Cable and Electrical Goods Stocks

Smart meter, cable and electrical goods stocks reward investors who follow order books, capacity and margins together. Genus Power Infrastructures, KEI Industries and Havells India each serve the power chain in a different way. Based on the 21 October 2026 close, Genus Power Infrastructures trades at Rs 273.4, KEI Industries at Rs 4,230.4 and Havells India at Rs 1,071.6. 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, cable and electrical goods stocks to a watchlist.

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What are smart meter, cable and electrical goods stocks?

Ans. Smart meter, cable and electrical goods stocks are listed companies that make electricity meters, wires and cables, and appliances and switchgear for utilities, industry and households. Their earnings depend on utility programmes, housing activity and brand strength. This list looks at three of them, Genus Power Infrastructures, KEI Industries and Havells India, using reported FY22 to FY26 financials and the 21 October 2026 closing prices.

Which smart meter, cable and electrical goods stocks are covered in this list?

Ans. This list covers Genus Power Infrastructures, KEI Industries and Havells India. Based on the 21 October 2026 close, Genus Power Infrastructures traded at Rs 273.4, KEI Industries at Rs 4,230.4 and Havells India at Rs 1,071.6. Their return on equity ranges from 13.8% to 26.7%, and their revenue compound annual growth from FY22 to FY26 ranges from 13.0% to 59.5%.

Why do smart meter, cable and electrical goods stocks have a strong future roadmap in India?

Ans. Smart meter, cable and electrical goods stocks have a strong roadmap in India because meter replacement programmes, grid upgrades and housing growth are raising demand for meters, cables and electrical goods. The main drivers are as follows. Meter programmes. Utilities are replacing old meters with smart meters. Grid investment. Network upgrades need large volumes of cables. Housing growth. New homes need wires, fans and switchgear. 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 KEI Industries performed financially?

Ans. Revenue rose from Rs 5,742 crore in FY22 to Rs 11,906 crore in FY26, a compound annual growth rate of 20.0%. Net profit grew from Rs 376 crore in FY22 to Rs 918 crore in FY26, which works out to a compound annual growth rate of 25.0%. In the June 2026 quarter, revenue grew 21.9% year on year to Rs 3,205 crore, while net profit rose 40.0% to Rs 274 crore. The company has a return on equity of 13.8%, a debt to equity ratio of 0.04 and a market capitalisation of Rs 42,514 crore. The stock trades at a P/E of 42.6, below the industry P/E of 45.1. Looking ahead, the company benefits from the demand for cables in power transmission, housing and industrial projects, and is expanding capacity to meet it. Rising exports and the shift to branded wires add further growth drivers.

How has Havells India performed financially?

Ans. Revenue rose from Rs 14,099 crore in FY22 to Rs 23,022 crore in FY26, a compound annual growth rate of 13.0%. Net profit grew from Rs 1,196 crore in FY22 to Rs 1,689 crore in FY26, which works out to a compound annual growth rate of 9.0%. In the June 2026 quarter, revenue grew 19.0% year on year to Rs 6,572 crore. The company has a return on equity of 17.9%, a debt to equity ratio of 0.03 and a market capitalisation of Rs 68,928 crore. The stock trades at a P/E of 42.2, below the industry P/E of 44.3. Looking ahead, the company sells through a wide dealer network and keeps adding premium products and new categories such as air conditioners and water heaters. Capacity expansion in cables and appliances supports future growth.

What risks should investors check before buying smart meter, cable and electrical goods stocks?

Ans. Investors should check a few risks before buying smart meter, cable and electrical goods stocks. Raw material costs. Copper and aluminium prices can affect margins. Order timing. Large utility orders may shift between quarters. 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, cable and electrical goods stocks investment advice?

Ans. No. This article is educational and uses publicly available data as of the 21 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.