
3 Solar Pump, Power Financier and Defence Electronics Stocks With a Strong Future Roadmap: Shakti Pumps (India), Power Finance Corporation and Centum Electronics
Shakti Pumps Rs 422.75, P/E 24.72. PFC Rs 333.25. Centum Electronics Rs 4,026.20. Closing prices of 14 Oct 2026.
Updated: 19 Oct 2026 • 9:44 am
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Quick Answer
Solar pump, power financier and defence electronics stocks with the clearest long-term roadmaps today include Shakti Pumps in solar pumping systems and motors for farmers, supported by government irrigation schemes, PFC in lending to power generation, transmission, distribution and renewable energy projects and Centum Electronics in electronics design and manufacturing for defence, aerospace and industrial users. FY26 revenue growth was 7.5% at Shakti Pumps, 8.4% at PFC and 29.7% at Centum Electronics. Demand cycles, input costs and valuation decide how much of that growth the market keeps paying for, so each company's risks need equal attention.
Solar pump, power financier and defence electronics stocks give investors exposure to solar pumps, power project loans and specialised electronics. Order flow, funding costs and margins decide how much of that demand turns into profit.
This list covers three solar pump, power financier and defence electronics stocks: Shakti Pumps (India) for solar pumping systems and motors for farmers, supported by government irrigation schemes, Power Finance Corporation for lending to power generation, transmission, distribution and renewable energy projects and Centum Electronics for electronics design and manufacturing for defence, aerospace and industrial users. Every figure comes from the latest reported financials and the 14 October 2026 market close. Companies without complete current figures were left out.
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What Are Solar Pump, Power Financier and Defence Electronics Stocks?
Solar pump, power financier and defence electronics stocks are shares of companies that make power equipment, run grids or fund projects. Results depend on order flow, network additions and execution, so execution and margins separate the stronger names.
Solar Pump, Power Financier and Defence Electronics Stocks at a Glance
The table compares size, valuation, return on equity and debt for the three solar pump, power financier and defence electronics stocks as of the 14 Oct 2026 close.
| Company | CMP (Rs) | Market Cap (Rs Cr) | Industry P/E | ROE | Debt to Equity |
|---|---|---|---|---|---|
| Shakti Pumps (India) | 422.75 | 5,251 | 47.18 | 15.10% | 0.29 |
| Power Finance Corporation | 333.25 | 106,758 | 17.72 | 18.22% | 7.00 |
| Centum Electronics | 4,026.20 | 6,119 | 48.37 | 29.34% | 0.36 |
Among power and engineering stocks, both trade at a discount to their industry P/E multiples.
Why Do Solar Pump, Power Financier and Defence Electronics Stocks Have a Strong Roadmap in India?
Solar pump, power financier and defence electronics stocks have a strong roadmap in India because farm solarisation, power sector funding needs and defence electronics orders keep adding business for these firms. Three drivers stand out.
- Farm solar: Irrigation schemes support solar pump demand.
- Power funding: Generation and grid projects need long-term loans.
- Defence orders: Defence and aerospace users buy specialised electronics.
Shakti Pumps (India): Solar Pumping Systems Drive the Pipeline
Shakti Pumps' roadmap rests on solar pumping systems and motors for farmers, supported by government irrigation schemes, with farm solarisation programmes supporting order inflow.
Revenue grew from Rs 1,184.68 crore in FY22 to Rs 2,722.45 crore in FY26, a 129.8% rise, and FY26 revenue was 7.5% higher than FY25. FY26 net profit was Rs 257.58 crore. In Q1 FY27, revenue grew 39.2% to Rs 869.01 crore. Operating margin was 16.55% in FY26.
Debt to equity is 0.29 and return on equity is 15.10%. FY26 operating cash flow was Rs 124.05 crore against capital expenditure of Rs 180.01 crore. Shakti Pumps paid a dividend of Rs 1 per share for FY26, a yield of 0.24%. At a P/E of 24.72 against an industry P/E of 47.18, the stock trades below its industry multiple.
What to watch: The P/E of 24.72 against an industry P/E of 47.18 leaves valuation less stretched, so the next quarters' growth is the figure to follow.
Power Finance Corporation: Power Sector Lending Builds the Next Leg
PFC's roadmap rests on lending to power generation, transmission, distribution and renewable energy projects, with power sector investment supporting its loan book.
Revenue grew from Rs 76,344.92 crore in FY22 to Rs 115,533.18 crore in FY26, a 51.3% rise, and FY26 revenue was 8.4% higher than FY25. FY26 net profit rose 10.2% to Rs 33,625.34 crore. Over four years, net profit rose from Rs 18,768.21 crore in FY22 to Rs 33,625.34 crore.
Debt to equity is 7.00 and return on equity is 18.22%.
What to watch: Return on equity of 18.22% is the figure to follow as growth continues.
Centum Electronics: Defence Electronics Anchors the Roadmap
Centum Electronics' roadmap rests on electronics design and manufacturing for defence, aerospace and industrial users, with defence and space programmes supporting orders.
Revenue grew from Rs 787.96 crore in FY22 to Rs 968.57 crore in FY26, a 22.9% rise, and FY26 revenue was 29.7% higher than FY25. FY26 net profit was Rs 100.71 crore. In Q1 FY27, revenue grew 13.7% to Rs 206.46 crore. Operating margin was 15.85% in FY26.
Debt to equity is 0.36 and return on equity is 29.34%. FY26 operating cash flow was Rs 60.40 crore against capital expenditure of Rs 40.38 crore. Centum Electronics paid a dividend of Rs 5 per share for FY26, a yield of 0.12%.
What to watch: Return on equity of 29.34% is the figure to follow as growth continues.
Best Solar Pump, Power Financier and Defence Electronics Stocks in India: Shakti Pumps vs PFC vs Centum Electronics on Key Financials
Among the best solar pump, power financier and defence electronics stocks in India, Shakti Pumps leads on the lowest debt to equity; PFC ranks second on FY26 revenue growth and return on equity; Centum Electronics leads on FY26 revenue growth and return on equity. The table puts the numbers side by side.
| Metric | Shakti Pumps | PFC | Centum Electronics |
|---|---|---|---|
| FY26 revenue (Rs Cr) | 2,722.45 | 115,533.18 | 968.57 |
| FY26 revenue growth | 7.5% | 8.4% | 29.7% |
| FY26 net profit (Rs Cr) | 257.58 | 33,625.34 | 100.71 |
| Return on equity | 15.10% | 18.22% | 29.34% |
| Debt to equity | 0.29 | 7.00 | 0.36 |
Power and engineering earnings follow order flow, network additions and execution, so full-year numbers and quarterly trends together give a better view.
How to Evaluate Solar Pump, Power Financier and Defence Electronics Stocks to Buy Before You Invest
A short checklist keeps the research consistent when you screen solar pump, power financier and defence electronics stocks and shortlist solar pump, power financier and defence electronics stocks to buy.
- Compare each stock's P/E with its industry P/E, which differs by company here.
- Check operating margin, debt and cash flow together.
- Check whether revenue growth is turning into profit growth, not only sales.
- Read loan growth against funding costs to see how growth is financed.
- Watch debt to equity and interest cover before sizing a position.
- Spread exposure across companies and business lines instead of one demand cycle.
Risks to Consider Before Investing in Solar Pump, Power Financier and Defence Electronics Stocks
- Order timing: Delays in customer projects can shift revenue between quarters.
- Government spending: Changes in public budgets can affect orders.
- Quarterly trends: A single weak quarter can change near-term earnings, so track results every quarter.
Download the Univest iOS App or Univest Android App to track Shakti Pumps, PFC and Centum Electronics live.
Annual reports and quarterly result presentations are the most reliable places to verify the numbers quoted here, because they show segment details, management commentary and the notes behind each figure.
Comparing a quarter with the same quarter of the previous year gives a cleaner reading than comparing it with the preceding quarter, since seasonal patterns affect many businesses in India.
The shareholding pattern published every quarter shows whether promoters, mutual funds and foreign investors are raising or trimming their holdings, which adds useful context to the financial numbers.
Spreading money across several sectors and company sizes helps keep a portfolio steady, because each business responds differently to interest rates, commodity prices and consumer demand.
Investors who plan to hold for several years often review results twice a year, check whether management delivered on earlier guidance and compare progress with the original reasons for investing.
Reading the notes to accounts and the management discussion section helps separate recurring income from one-time items, which matters when a single quarter looks unusually strong or weak.
Position sizing matters as much as stock selection, because even a well-researched company can move against an investor in the short term for reasons unrelated to its business.
Final Take: Which Stock Has the Strongest Roadmap?
These three power and engineering stocks cover solar pumps, power sector lending and electronics. Shakti Pumps leads on the lowest debt to equity; PFC ranks second on FY26 revenue growth and return on equity; Centum Electronics leads on FY26 revenue growth and return on equity.
Across solar pump, power financier and defence electronics stocks, each roadmap still has to turn growth into steady profit, so independent research and position sizing matter. Investors should consult a SEBI-registered advisor before acting on any of the solar pump, power financier and defence electronics stocks to buy discussed here.
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).
FAQs on Solar Pump, Power Financier and Defence Electronics Stocks
Which are the best solar pump, power financier and defence electronics stocks in India with a strong roadmap?
Ans. Shakti Pumps (India), Power Finance Corporation and Centum Electronics stand out for their roadmaps in solar pumps, power sector lending and electronics. FY26 revenue growth was 7.5% at Shakti Pumps, 8.4% at PFC and 29.7% at Centum Electronics, and return on equity ranges from 15.10% to 29.34%.
Is Shakti Pumps (India) a good stock to buy now?
Ans. Shakti Pumps (India) has a debt to equity ratio of 0.29, a return on equity of 15.10% and a P/E of 24.72 against an industry P/E of 47.18. Valuation, order flow and execution move results. This article is not investment advice, so consult a SEBI-registered advisor before deciding.
What is the P/E ratio of Shakti Pumps, PFC and Centum Electronics?
Ans. The P/E ratio is 24.72 for Shakti Pumps (industry 47.18). It trades below the industry multiple.
Which of these solar pump, power financier and defence electronics stocks has the highest return on equity?
Ans. Centum Electronics has the highest return on equity at 29.34%, followed by Power Finance Corporation at 18.22% and Shakti Pumps (India) at 15.10%.
What are the risks of investing in solar pump, power financier and defence electronics stocks?
Ans. The main risks are order timing, government spending and quarterly trends. Delays in customer projects can shift revenue between quarters.
How did Shakti Pumps, PFC and Centum Electronics perform in Q1 FY27?
Ans. Shakti Pumps (India) reported revenue of Rs 869.01 crore, up 39.2% year on year. Power Finance Corporation reported . Centum Electronics reported revenue of Rs 206.46 crore, up 13.7% year on year.
Do solar pump, power financier and defence electronics stocks pay dividends?
Ans. Shakti Pumps and Centum Electronics pay dividends. The dividend yield is 0.24% for Shakti Pumps and 0.12% for Centum Electronics, based on dividends declared for FY26.
How can I invest in solar pump, power financier and defence electronics stocks in India?
Ans. You can buy solar pump, power financier and defence electronics stocks through a demat and trading account on NSE or BSE after checking each company's financials, margins and valuation. The Univest Screener lets you compare fundamentals before placing an order. Investments in securities are subject to market risk, so consider your risk profile first.
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