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3 Transmission Contractor and Data Centre Owner, Bimetal Strips Specialist and Power Line Engineering Company Stocks With a Strong Future Roadmap: Techno Electric & Engineering Company, Shivalik Bimetal and KEC International

Techno Electric & Engineering Company, Shivalik Bimetal and KEC International: ROE of 9.8% to 19.9% and FY22 to FY26 revenue CAGR of 14.4% to 31.0%. Prices as of 26 Oct 2026.


27 Oct 2026 • 12:13 pm

3 Transmission Contractor and Data Centre Owner, Bimetal Strips Specialist and Power Line Engineering Company Stocks With a Strong Future Roadmap: Techno Electric & Engineering Company, Shivalik Bimetal and KEC International

Quick Answer

The three transmission, data centre and component stocks to watch are Techno Electric & Engineering Company, Shivalik Bimetal and KEC International. Their return on equity ranges from 9.8% to 19.9%, and their revenue compound annual growth from FY22 to FY26 ranges from 14.4% to 31.0%. Shivalik Bimetal has the highest return on equity at 19.9%, while Techno Electric & Engineering Company has the fastest revenue growth at 31.0% a year. Prices are based on the 26 October 2026 close, and this article is educational, not investment advice.

Transmission, data centre and component stocks offer a focused view of a sector where demand keeps widening. Techno Electric & Engineering Company, Shivalik Bimetal and KEC International cover a transmission contractor and data centre owner, a bimetal strips specialist and a power line engineering company.

This list covers three transmission, data centre and component stocks with complete current figures: Techno Electric & Engineering Company, Shivalik Bimetal and KEC International. Every figure comes from the latest reported financials and the 26 October 2026 market close. Companies without complete current figures were left out.

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What Are Transmission, Data Centre and Component Stocks?

Transmission, data centre and component stocks are listed companies that build transmission networks, run data centre capacity and make components used in electrical equipment. Their earnings depend on grid projects, appliance demand, order books and input costs.

Transmission, Data Centre and Component Stocks at a Glance

Company CMP (Rs) Market Cap (Rs Cr) P/E Industry P/E ROE (%) D/E
Techno Electric & Engineering Company 826.5 10,943 25.4 22.7 11.4 0.02
Shivalik Bimetal 915.7 5,383 50.7 11.3 19.9 0.13
KEC International 336.8 8,830 15.9 22.3 9.8 0.87

On valuation, KEC International trades at a P/E below the industry P/E, while Techno Electric & Engineering Company and Shivalik Bimetal trade above it, which reflects the growth the market already expects. Readers comparing transmission, data centre and component 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 transmission, data centre and component stocks can use the coming numbers to test whether growth is holding.

Why Do Transmission, Data Centre and Component Stocks Have a Strong Roadmap in India?

Transmission, data centre and component stocks have a strong roadmap in India because grid expansion, data centre demand and electrical equipment orders keep lifting work for engineering and component makers.

  • Grid projects. Transmission lines and substations keep expanding.
  • Data centres. Digital demand needs power-ready capacity.
  • Component demand. Appliances and vehicles use bimetal parts.

Why Techno Electric & Engineering Company Features Among These Transmission, Data Centre and Component Stocks

Among the transmission, data centre and component stocks on this list, Techno Electric & Engineering Company builds power transmission and distribution infrastructure and also owns and operates wind power assets and data centre capacity.

In the June 2026 quarter, revenue grew 14.8% year on year to Rs 659 crore. Revenue rose from Rs 1,154 crore in FY22 to Rs 3,401 crore in FY26, a compound annual growth rate of 31.0%.

Net profit grew from Rs 239 crore in FY22 to Rs 449 crore in FY26, which works out to a compound annual growth rate of 17.0%. The company has a return on equity of 11.4%, a debt to equity ratio of 0.02 and a market capitalisation of Rs 10,943 crore. The stock trades at a P/E of 25.4, above the industry P/E of 22.7.

Roadmap: Strong demand for transmission networks and substations supports its engineering order book, while a new data centre platform opens a second growth path. Its operating wind assets add recurring cash flow.

What to watch: Watch the build-out of data centre capacity and the timing of large transmission orders.

Why Shivalik Bimetal Features Among These Transmission, Data Centre and Component Stocks

Among the grid builder and bimetal strip shares on this list, Shivalik Bimetal Controls makes thermostatic bimetal strips, shunts and electrical contact components used in appliances, automobiles and electrical equipment, selling to customers in India and abroad.

The company has a return on equity of 19.9%, a debt to equity ratio of 0.13 and a market capitalisation of Rs 5,383 crore. The stock trades at a P/E of 50.7, above the industry P/E of 11.3.

Revenue rose from Rs 329 crore in FY22 to Rs 583 crore in FY26, a compound annual growth rate of 15.3%. Net profit grew from Rs 55.1 crore in FY22 to Rs 95.9 crore in FY26, which works out to a compound annual growth rate of 14.8%. In the June 2026 quarter, revenue grew 33.7% year on year to Rs 186 crore, while net profit rose 44.9% to Rs 33.0 crore.

Roadmap: The company is growing its shunt business for electric and hybrid vehicles and smart meters while adding new components for industrial and appliance customers. Its materials expertise supports a strong position in the niche.

What to watch: Follow shunt demand from electric vehicles and meters and new component launches.

Why KEC International Features Among These Transmission, Data Centre and Component Stocks

Among the three companies on this list, KEC International is an engineering and construction company that builds power transmission and distribution lines, railways, civil infrastructure, cables and renewable projects in India and overseas.

Revenue rose from Rs 13,756 crore in FY22 to Rs 23,556 crore in FY26, a compound annual growth rate of 14.4%. Net profit grew from Rs 332 crore in FY22 to Rs 606 crore in FY26, which works out to a compound annual growth rate of 16.2%.

In the June 2026 quarter, revenue grew 0.2% year on year to Rs 5,037 crore. The company has a return on equity of 9.8%, a debt to equity ratio of 0.87 and a market capitalisation of Rs 8,830 crore. The stock trades at a P/E of 15.9, below the industry P/E of 22.3.

Roadmap: The company has a large order book across transmission, railways and civil work, and it is scaling its renewable and cables businesses. Execution across several segments widens its revenue base.

What to watch: Follow order inflows, execution pace and margin progress.

Techno Electric & Engineering Company vs Shivalik Bimetal vs KEC International on Key Financials

The table below sets the three transmission, data centre and component stocks side by side on revenue, profit and margin, using reported figures.

Company FY22 Revenue (Rs Cr) FY26 Revenue (Rs Cr) Revenue CAGR (FY22-FY26) FY26 Net Profit (Rs Cr) FY26 Net Margin
Techno Electric & Engineering Company 1,154 3,401 31.0% 449 13.2%
Shivalik Bimetal 329 583 15.3% 95.9 16.4%
KEC International 13,756 23,556 14.4% 606 2.6%

Shivalik Bimetal posts the highest return on equity in this group at 19.9%. KEC International has the largest FY26 revenue at Rs 23,556 crore, and Techno Electric & Engineering Company shows the fastest revenue growth with a 31.0% compound annual rate. A useful habit with transmission, data centre and component 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:

Company Q1 FY26 Revenue (Rs Cr) Q1 FY27 Revenue (Rs Cr) Year-on-Year Growth
Techno Electric & Engineering Company 574 659 14.8%
Shivalik Bimetal 139 186 33.7%
KEC International 5,028 5,037 0.2%

Key Risks to Check Before Investing in Transmission, Data Centre and Component Stocks

Every theme carries risks that deserve a check before any decision. For these transmission, data centre and component stocks, the main points are: Long-term grid builder and bimetal strip 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.
  • Input costs. Metal prices affect margins.
  • 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 transmission, data centre and component stocks by market capitalisation, P/E, ROE and growth, and build your own shortlist.

Final Thoughts on Transmission, Data Centre and Component Stocks

Transmission, data centre and component stocks reward patient research into demand, execution and financial strength. Techno Electric & Engineering Company, Shivalik Bimetal and KEC International each have a clear plan to expand. Based on the 26 October 2026 close, Techno Electric & Engineering Company trades at Rs 826.5, Shivalik Bimetal at Rs 915.7 and KEC International at Rs 336.8. Valuation matters as much as growth, so compare each company's P/E with its industry P/E before adding any of these transmission, data centre and component stocks to a watchlist.

Download the Univest iOS App or Univest Android App to track transmission, data centre and component stocks, set price alerts and get research-backed stock ideas.

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).

What are transmission, data centre and component stocks?

Ans. Transmission, data centre and component stocks are listed companies that build transmission networks, run data centre capacity and make components used in electrical equipment. Their earnings depend on grid projects, appliance demand, order books and input costs. This list looks at three of them, Techno Electric & Engineering Company, Shivalik Bimetal and KEC International, using reported FY22 to FY26 financials and the 26 October 2026 closing prices.

Which transmission, data centre and component stocks are covered in this list?

Ans. This list covers Techno Electric & Engineering Company, Shivalik Bimetal and KEC International. Based on the 26 October 2026 close, Techno Electric & Engineering Company traded at Rs 826.5, Shivalik Bimetal at Rs 915.7 and KEC International at Rs 336.8. Their return on equity ranges from 9.8% to 19.9%, and their revenue compound annual growth from FY22 to FY26 ranges from 14.4% to 31.0%.

Why do transmission, data centre and component stocks have a strong future roadmap in India?

Ans. Transmission, data centre and component stocks have a strong roadmap in India because grid expansion, data centre demand and electrical equipment orders keep lifting work for engineering and component makers. The main drivers are as follows. Grid projects. Transmission lines and substations keep expanding. Data centres. Digital demand needs power-ready capacity. Component demand. Appliances and vehicles use bimetal parts. Together these factors give the companies on this list a visible path for growth over the coming years.

How has Techno Electric & Engineering Company performed financially?

Ans. Revenue rose from Rs 1,154 crore in FY22 to Rs 3,401 crore in FY26, a compound annual growth rate of 31.0%. Net profit grew from Rs 239 crore in FY22 to Rs 449 crore in FY26, which works out to a compound annual growth rate of 17.0%. In the June 2026 quarter, revenue grew 14.8% year on year to Rs 659 crore. The company has a return on equity of 11.4%, a debt to equity ratio of 0.02 and a market capitalisation of Rs 10,943 crore. The stock trades at a P/E of 25.4, above the industry P/E of 22.7. Looking ahead, strong demand for transmission networks and substations supports its engineering order book, while a new data centre platform opens a second growth path. Its operating wind assets add recurring cash flow.

How has Shivalik Bimetal performed financially?

Ans. Revenue rose from Rs 329 crore in FY22 to Rs 583 crore in FY26, a compound annual growth rate of 15.3%. Net profit grew from Rs 55.1 crore in FY22 to Rs 95.9 crore in FY26, which works out to a compound annual growth rate of 14.8%. In the June 2026 quarter, revenue grew 33.7% year on year to Rs 186 crore, while net profit rose 44.9% to Rs 33.0 crore. The company has a return on equity of 19.9%, a debt to equity ratio of 0.13 and a market capitalisation of Rs 5,383 crore. The stock trades at a P/E of 50.7, above the industry P/E of 11.3. Looking ahead, the company is growing its shunt business for electric and hybrid vehicles and smart meters while adding new components for industrial and appliance customers. Its materials expertise supports a strong position in the niche.

How has KEC International performed financially?

Ans. Revenue rose from Rs 13,756 crore in FY22 to Rs 23,556 crore in FY26, a compound annual growth rate of 14.4%. Net profit grew from Rs 332 crore in FY22 to Rs 606 crore in FY26, which works out to a compound annual growth rate of 16.2%. In the June 2026 quarter, revenue grew 0.2% year on year to Rs 5,037 crore. The company has a return on equity of 9.8%, a debt to equity ratio of 0.87 and a market capitalisation of Rs 8,830 crore. The stock trades at a P/E of 15.9, below the industry P/E of 22.3. Looking ahead, the company has a large order book across transmission, railways and civil work, and it is scaling its renewable and cables businesses. Execution across several segments widens its revenue base.

What risks should investors check before buying transmission, data centre and component stocks?

Ans. Investors should check a few risks before buying transmission, data centre and component stocks. Order timing. Project awards can shift between periods. Input costs. Metal prices affect margins. 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 transmission, data centre and component stocks investment advice?

Ans. No. This article is educational and uses publicly available data as of the 26 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.

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