3 Wind Turbine Maker, Generator Components Maker and Wires and Cables Brand Stocks With a Strong Future Roadmap: Suzlon Energy, TD Power Systems and Finolex Cables

Suzlon Energy, TD Power Systems and Finolex Cables: ROE of 11.7% to 33.4% and FY22 to FY26 revenue CAGR of 14.0% to 26.4%. Prices as of 29 Oct 2026.

Updated: 30 Oct 2026 • 2:46 pm

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The three wind turbine, generator and cable maker stocks to watch are Suzlon Energy, TD Power Systems and Finolex Cables. Their return on equity ranges from 11.7% to 33.4%, and their revenue compound annual growth from FY22 to FY26 ranges from 14.0% to 26.4%. Suzlon Energy leads on both return on equity at 33.4% and revenue growth at 26.4% a year. Prices are based on the 29 October 2026 close, and this article is educational, not investment advice.

Wind turbine, generator and cable maker stocks let investors follow companies that serve a growing part of the Indian economy. Suzlon Energy, TD Power Systems and Finolex Cables cover a wind turbine maker, a generator components maker and a wires and cables brand.

This list covers three wind turbine, generator and cable maker stocks with complete current figures: Suzlon Energy, TD Power Systems and Finolex Cables. 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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Table of Contents

What Are Wind Turbine, Generator and Cable Maker Stocks?

Wind turbine, generator and cable maker stocks are listed companies that build wind turbines and run wind farms, supply components for turbines and generators and sell wires, cables and electrical products. Their earnings depend on orders, power projects and input costs.

Wind Turbine, Generator and Cable Maker Stocks at a Glance

Company	CMP (Rs)	Market Cap (Rs Cr)	P/E	Industry P/E	ROE (%)	D/E
Suzlon Energy	36.79	55,008	17.5	43.9	33.4	0.06
TD Power Systems	719.45	23,639	86.0	43.9	22.3	0.02
Finolex Cables	1,165.5	19,615	24.5	45.1	11.7	0.00

On valuation, Suzlon Energy and Finolex Cables trade at a P/E below the industry P/E, while TD Power Systems trades above it, which reflects the growth the market already expects. Readers comparing wind turbine, generator and cable maker stocks should look at return on equity and debt together, since a high return earned with low debt is easier to sustain.

Why Do Wind Turbine, Generator and Cable Maker Stocks Have a Strong Roadmap in India?

Wind turbine, generator and cable maker stocks have a strong roadmap in India because renewable energy targets, new wind projects and rising housing and grid spending keep widening the market for these power equipment makers.

Wind targets. Renewable plans widen the order base.
Component demand. Turbines and generators need steady parts.
Cable use. Homes and grids use more wiring.

Why Suzlon Energy Features Among These Wind Turbine, Generator and Cable Maker Stocks

Among the wind turbine, generator and cable maker stocks on this list, Suzlon Energy is a wind turbine maker with manufacturing and service operations across India, supplying turbines for utility, independent power producer and corporate customers and servicing a large installed base.

In the June 2026 quarter, revenue grew 22.0% year on year to Rs 3,863 crore. Revenue rose from Rs 6,604 crore in FY22 to Rs 16,842 crore in FY26, a compound annual growth rate of 26.4%.

Net profit grew from Rs 2,072 crore in FY25 to Rs 3,163 crore in FY26, a rise of 52.7%. The company has a return on equity of 33.4%, a debt to equity ratio of 0.06 and a market capitalisation of Rs 55,008 crore. The stock trades at a P/E of 17.5, below the industry P/E of 43.9.

Roadmap: The company has a large order book and a strong share of the domestic wind market as the country adds renewable capacity. Its operations and maintenance business generates recurring income from the installed fleet.

What to watch: Check order book conversion to revenue and the pace of turbine deliveries each quarter.

Why TD Power Systems Features Among These Wind Turbine, Generator and Cable Maker Stocks

Among the renewable power equipment shares on this list, TD Power Systems, based in Bengaluru, manufactures generators for steam, gas, hydro and wind turbines and serves customers in India and overseas.

The company has a return on equity of 22.3%, a debt to equity ratio of 0.02 and a market capitalisation of Rs 23,639 crore. The stock trades at a P/E of 86.0, above the industry P/E of 43.9.

Revenue rose from Rs 814 crore in FY22 to Rs 1,878 crore in FY26, a compound annual growth rate of 23.2%. Net profit grew from Rs 70.5 crore in FY22 to Rs 239 crore in FY26, which works out to a compound annual growth rate of 35.7%.

Roadmap: The company is expanding capacity to meet demand from power producers, industrial users and data centre backup, with a large share of orders coming from exports. Its design capability for large-rated machines allows it to compete in higher-value segments.

What to watch: Follow export order inflows and capacity utilisation at the new facilities.

Why Finolex Cables Features Among These Wind Turbine, Generator and Cable Maker Stocks

Among the three companies on this list, Finolex Cables is a Pune-based maker of electrical cables and wires, communication cables, copper products and consumer electricals such as fans, lighting and switchgear, sold under the Finolex brand.

Revenue rose from Rs 3,840 crore in FY22 to Rs 6,487 crore in FY26, a compound annual growth rate of 14.0%. Net profit grew from Rs 504 crore in FY23 to Rs 714 crore in FY26, which works out to a compound annual growth rate of 12.3%.

In the June 2026 quarter, revenue grew 42.4% year on year to Rs 2,065 crore, while net profit rose 53.1% to Rs 249 crore. The company has a return on equity of 11.7%, a debt to equity ratio of 0.00 and a market capitalisation of Rs 19,615 crore. The stock trades at a P/E of 24.5, below the industry P/E of 45.1.

Roadmap: Strong brand recall among electricians and a wide distribution network support its position in housing wires. Infrastructure, housing and telecom projects add to demand for its cables and related electricals.

What to watch: Track growth in the electrical consumer products business and copper price trends.

Suzlon Energy vs TD Power Systems vs Finolex Cables on Key Financials

The table below sets the three wind turbine, generator and cable maker 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
Suzlon Energy	6,604	16,842	26.4%	3,163	18.8%
TD Power Systems	814	1,878	23.2%	239	12.7%
Finolex Cables	3,840	6,487	14.0%	714	11.0%

Suzlon Energy posts the highest return on equity in this group at 33.4%. Suzlon Energy combines the largest FY26 revenue at Rs 16,842 crore with the fastest revenue growth, a 26.4% compound annual rate. A useful habit with wind turbine, generator and cable maker stocks is to check each new quarterly result against the capacity plans the company described earlier.

Key Risks to Check Before Investing in Wind Turbine, Generator and Cable Maker Stocks

Every theme carries risks that deserve a check before any decision. For these wind turbine, generator and cable maker stocks, the main points are: Long-term renewable power equipment 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 and material prices can move 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 wind turbine, generator and cable maker stocks by market capitalisation, P/E, ROE and growth, and build your own shortlist.

Final Thoughts on Wind Turbine, Generator and Cable Maker Stocks

Wind turbine, generator and cable maker stocks reward investors who follow demand trends, order books and margins together. Suzlon Energy, TD Power Systems and Finolex Cables each have a clear plan to grow. Based on the 29 October 2026 close, Suzlon Energy trades at Rs 36.79, TD Power Systems at Rs 719.45 and Finolex Cables at Rs 1,165.5. Valuation matters as much as growth, so compare each company's P/E with its industry P/E before adding any of these wind turbine, generator and cable maker stocks to a watchlist.

Download the Univest iOS App or Univest Android App to track wind turbine, generator and cable maker 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 wind turbine, generator and cable maker stocks?

Ans. Wind turbine, generator and cable maker stocks are listed companies that build wind turbines and run wind farms, supply components for turbines and generators and sell wires, cables and electrical products. Their earnings depend on orders, power projects and input costs. This list looks at three of them, Suzlon Energy, TD Power Systems and Finolex Cables, using reported FY22 to FY26 financials and the 29 October 2026 closing prices.

Which wind turbine, generator and cable maker stocks are covered in this list?

Ans. This list covers Suzlon Energy, TD Power Systems and Finolex Cables. Based on the 29 October 2026 close, Suzlon Energy traded at Rs 36.79, TD Power Systems at Rs 719.45 and Finolex Cables at Rs 1,165.5. Their return on equity ranges from 11.7% to 33.4%, and their revenue compound annual growth from FY22 to FY26 ranges from 14.0% to 26.4%.

Why do wind turbine, generator and cable maker stocks have a strong future roadmap in India?

Ans. Wind turbine, generator and cable maker stocks have a strong roadmap in India because renewable energy targets, new wind projects and rising housing and grid spending keep widening the market for these power equipment makers. The main drivers are as follows. Wind targets. Renewable plans widen the order base. Component demand. Turbines and generators need steady parts. Cable use. Homes and grids use more wiring. Together these factors give the companies on this list a visible path for growth over the coming years.

How has Suzlon Energy performed financially?

Ans. Revenue rose from Rs 6,604 crore in FY22 to Rs 16,842 crore in FY26, a compound annual growth rate of 26.4%. Net profit grew from Rs 2,072 crore in FY25 to Rs 3,163 crore in FY26, a rise of 52.7%. In the June 2026 quarter, revenue grew 22.0% year on year to Rs 3,863 crore. The company has a return on equity of 33.4%, a debt to equity ratio of 0.06 and a market capitalisation of Rs 55,008 crore. The stock trades at a P/E of 17.5, below the industry P/E of 43.9. Looking ahead, the company has a large order book and a strong share of the domestic wind market as the country adds renewable capacity. Its operations and maintenance business generates recurring income from the installed fleet.

How has TD Power Systems performed financially?

Ans. Revenue rose from Rs 814 crore in FY22 to Rs 1,878 crore in FY26, a compound annual growth rate of 23.2%. Net profit grew from Rs 70.5 crore in FY22 to Rs 239 crore in FY26, which works out to a compound annual growth rate of 35.7%. The company has a return on equity of 22.3%, a debt to equity ratio of 0.02 and a market capitalisation of Rs 23,639 crore. The stock trades at a P/E of 86.0, above the industry P/E of 43.9. Looking ahead, the company is expanding capacity to meet demand from power producers, industrial users and data centre backup, with a large share of orders coming from exports. Its design capability for large-rated machines allows it to compete in higher-value segments.

How has Finolex Cables performed financially?

Ans. Revenue rose from Rs 3,840 crore in FY22 to Rs 6,487 crore in FY26, a compound annual growth rate of 14.0%. Net profit grew from Rs 504 crore in FY23 to Rs 714 crore in FY26, which works out to a compound annual growth rate of 12.3%. In the June 2026 quarter, revenue grew 42.4% year on year to Rs 2,065 crore, while net profit rose 53.1% to Rs 249 crore. The company has a return on equity of 11.7%, a debt to equity ratio of 0.00 and a market capitalisation of Rs 19,615 crore. The stock trades at a P/E of 24.5, below the industry P/E of 45.1. Looking ahead, strong brand recall among electricians and a wide distribution network support its position in housing wires. Infrastructure, housing and telecom projects add to demand for its cables and related electricals.

What risks should investors check before buying wind turbine, generator and cable maker stocks?

Ans. Investors should check a few risks before buying wind turbine, generator and cable maker stocks. Order timing. Project awards can shift between periods. Input costs. Metal and material prices can move 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 wind turbine, generator and cable maker 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.