Sector Alpha Week of 2026-07-29
20-quarter listed-company comparison

Electronics - Equipment/Components Stocks in India

Electronics - Equipment/Components: Genus Power Infrastructures Ltd owns the largest revenue base; MIC Electronics Ltd has the fastest current growth.

Nifty Electronics - Equipment/Components Index — Constituents & Performance

The Electronics - Equipment/Components companies below are the listed Indian Electronics - Equipment/Components universe this page tracks — the same constituent set people search for as the Nifty Electronics - Equipment/Components index. Every figure is equal-weighted across those companies, so one large constituent cannot set the reading. Each number carries its own as-of date.

The sector itself · before any single company

How has Electronics - Equipment/Components moved against NIFTY 500?

The line below covers 5.1 years. Over the most recent two of them this sector is 12% ahead of NIFTY 500. Earnings across its companies grew 64% on average over the last four reported quarters. It has been ahead of NIFTY 500 on a rolling three-month view for 17 weeks running.

FADING · −1 in 4w~Moving with the index2 of 5 companies ahead of NIFTY 500 by 5% or more over three months

RS ↑17w · 2/5 >200d (+0) · 2/5 lead (−1) · EPS 2/5↑

20050010002000202620252024202320222021 2171336 TRAILING 12-MONTH EPS · 100 AT THE START0100237Sep 23Mar 24Sep 24Mar 25Sep 25Mar 26Sep 2023 · trailing 12-month earnings per share at 100, against 100 at the start · up 28.9% on a year ago · 4 reportingDec 2023 · trailing 12-month earnings per share at 93, against 100 at the start · down 26.7% on a year ago · 4 reportingMar 2024 · trailing 12-month earnings per share at 135, against 100 at the start · up 142.1% on a year ago · 4 reportingJun 2024 · trailing 12-month earnings per share at 160, against 100 at the start · up 76.2% on a year ago · 4 reportingSep 2024 · trailing 12-month earnings per share at 180, against 100 at the start · up 47.7% on a year ago · 4 reportingDec 2024 · trailing 12-month earnings per share at 237, against 100 at the start · up 200.0% on a year ago · 4 reportingMar 2025 · trailing 12-month earnings per share at 162, against 100 at the start · up 111.5% on a year ago · 4 reportingJun 2025 · trailing 12-month earnings per share at 169, against 100 at the start · up 105.0% on a year ago · 4 reportingSep 2025 · trailing 12-month earnings per share at 208, against 100 at the start · up 99.9% on a year ago · 4 reportingDec 2025 · trailing 12-month earnings per share at 209, against 100 at the start · up 55.3% on a year ago · 4 reportingMar 2026 · trailing 12-month earnings per share at 136, against 100 at the start · down 2.9% on a year ago · 4 reportingNot reported yet — earnings trail price by a quarter or two136 · Mar 26No earnings on file this far back — the price series reaches further than the filings doNO EARNINGS ON FILE
20050010002000202620252024202320222021 2171336 TRAILING 12-MONTH EPS · 100 AT THE START0100237Mar 24Mar 25Mar 26Sep 2023 · trailing 12-month earnings per share at 100, against 100 at the start · up 28.9% on a year ago · 4 reportingDec 2023 · trailing 12-month earnings per share at 93, against 100 at the start · down 26.7% on a year ago · 4 reportingMar 2024 · trailing 12-month earnings per share at 135, against 100 at the start · up 142.1% on a year ago · 4 reportingJun 2024 · trailing 12-month earnings per share at 160, against 100 at the start · up 76.2% on a year ago · 4 reportingSep 2024 · trailing 12-month earnings per share at 180, against 100 at the start · up 47.7% on a year ago · 4 reportingDec 2024 · trailing 12-month earnings per share at 237, against 100 at the start · up 200.0% on a year ago · 4 reportingMar 2025 · trailing 12-month earnings per share at 162, against 100 at the start · up 111.5% on a year ago · 4 reportingJun 2025 · trailing 12-month earnings per share at 169, against 100 at the start · up 105.0% on a year ago · 4 reportingSep 2025 · trailing 12-month earnings per share at 208, against 100 at the start · up 99.9% on a year ago · 4 reportingDec 2025 · trailing 12-month earnings per share at 209, against 100 at the start · up 55.3% on a year ago · 4 reportingMar 2026 · trailing 12-month earnings per share at 136, against 100 at the start · down 2.9% on a year ago · 4 reportingNot reported yet — earnings trail price by a quarter or two136No earnings on file this far back — the price series reaches further than the filings doNO EARNINGS ON FILE
Electronics - Equipment/Components, equal-weighted, based at 200 NIFTY 500, same base, same start trailing 12-month earnings per share rising falling
Strength anatomy MixedHow much of the sector is participating, how recently, and whether the movers score well.
Together2 of 5 stocks moving
Fresh0 crossed in the last 4 weeks
Backed by scoresmovers score +11 vs the sector average
Down the cap ladder — bar is now, tick is four weeks ago
Large 1/10
Mid 1/20
Small 0/2−1

Participation is not spreading downward this month; the larger companies are still carrying most of it.

Both lines start at 200 in the same week, so the distance between them is the whole story: the sector line is an equal-weighted index of its 5 companies. The bars underneath are trailing 12-month earnings per share, one bar per reported quarter, each member rebased to 100 at the start and the sector taking the median — so a price line pulling away from flat bars is a re-rating, not earnings. A bar turns red when that figure is lower than the quarter before. Rules are fixed and applied identically everywhere on this site: ahead by 5% or more over three months, or behind by 20% or more over a year while earnings grew 20% or more. Hover any point to read both values and the gap. This is a description of what the numbers did, not advice.

Sector relative strength · before individual stocks

Is Electronics - Equipment/Components outperforming NIFTY 500?

The 52-week comparison of Electronics - Equipment/Components against NIFTY 500 is not available from the current market series. 3 of 7 covered companies currently beat NIFTY on Mansfield relative strength, so leadership inside the sector is selective. Elpro International Ltd is the strongest against the sector itself at +58.9%. Readings are as of 2026-07-19.

—Sector vs NIFTY 500 · 13 weeks
—Sector vs NIFTY 500 · 52 weeks
3/7Stocks leading NIFTY 500
3/7Stocks leading sector

Sector metric: 37.6 as of 2026-07-19 · NARROWING · rising.

The central tension: the companies with the most scale are not necessarily the companies creating the most change.

Start with scale. Then earnings trajectory. Then business quality. Only after those three agree should price leadership carry much weight.

Bottom line

The 52-week sector comparison is unavailable. 3 of 7 covered companies currently have positive Mansfield relative strength versus NIFTY 500. Genus Power Infrastructures Ltd leads with revenue of ₹4,750 crore, based on 7 of 7 comparable companies through Mar 2026. MIC Electronics Ltd has the fastest current revenue growth at 100%, across 7 of 7 comparable companies.

Is the Electronics - Equipment/Components sector outperforming NIFTY 500?

The 52-week sector comparison is unavailable. 3 of 7 covered companies currently have positive Mansfield relative strength versus NIFTY 500.

Which Electronics - Equipment/Components company is largest by revenue?

Genus Power Infrastructures Ltd leads with revenue of ₹4,750 crore, based on 7 of 7 comparable companies through Mar 2026.

Which Electronics - Equipment/Components company is growing fastest?

MIC Electronics Ltd has the fastest current revenue growth at 100%, across 7 of 7 comparable companies.

Which Electronics - Equipment/Components company has the strongest 4-Factor Sector Score?

Genus Power Infrastructures Ltd ranks first at 65.2/100 with 87% evidence confidence. The score prioritizes research; it is not a buy recommendation.

Which Electronics - Equipment/Components company reports the most CAPEX?

MIC Electronics Ltd reports the largest latest CAPEX at ₹0 crore, with 1 of 7 companies comparable.

Which Electronics - Equipment/Components company has the least gross debt?

RIR Power Electronics Ltd has the lowest comparable gross debt at ₹14 crore. Genus Power Infrastructures Ltd has the highest at ₹2,302 crore.

Which Electronics - Equipment/Components company has the lowest comparable PEG?

Hind Rectifiers Ltd has the lowest comparable Guarded PEG at 0.97, among 2 of 7 companies that pass the metric’s comparability rules.

How much history does this Electronics - Equipment/Components comparison include?

The page compares up to 20 reported quarters per company for fundamentals, CAPEX, debt and valuation, ending Mar 2026. Missing observations remain blank rather than being estimated.

How is the 4-Factor Sector Score calculated?

The four visible contributions add directly: growth and earnings up to 35 points, capital efficiency up to 25, valuation up to 20, and relative strength up to 20. Missing or stale evidence moves only the affected contribution toward neutral.

Companies
7
complete canonical membership
Combined market value
₹20.5K Cr
Genus Power Infrastructures Ltd
Revenue growing
7/7
positive TTM year-on-year growth
Beating NIFTY 500
3/7
positive Mansfield relative strength
Global company selection
00 · research priority, made explicit

4-Factor Sector Score

An additive sector-relative research score. The four displayed point contributions always equal the total: Growth & earnings (35), Capital efficiency (25), Valuation (20), and Relative strength (20). Missing or stale evidence is absorbed inside the affected factor, never applied as a hidden adjustment.

Growth & earnings · 35%Capital efficiency · 25%Valuation · 20%Relative strength · 20%
Genus Power Infrastructures Ltd has the strongest current balance of earnings trajectory, business quality, valuation and price confirmation, with 87% evidence confidence.
Hind Rectifiers Ltd has stronger price confirmation than earnings confirmation; that is a research prompt, not permission to chase.

Missing observations are not scored as bad. Their missing weight lowers confidence and pulls the final score toward neutral. PEG is guarded: positive earnings, positive 5–60% three-year EPS growth, and a positive P/E are required.

1. Genus Power Infrastructures Ltd · GENUSPOWER

65.2/100 · Favorable setup · 87% evidence

Exact sum: 29 + 15.5 + 11 + 9.7 = 65.2

Decision use: Balanced evidence: keep at normal research priority and require another comparable period before raising conviction.

29.0/35Growth & earnings

Revenue 94.5% · PAT 90.3% · OPM change -4 pp

100% evidence

15.5/25Capital efficiency

ROCE 23.9% · debt/equity 1.04×

100% evidence

11.0/20Valuation

P/E 16.2× · PEG 1.8

65% evidence

9.7/20Relative strength

RS sector -9% · RS bench 3.9% · 1Y -11.9%

70% evidence

2. Elpro International Ltd · ELPROINTL

57.4/100 · Mixed-positive evidence · 76% evidence

Exact sum: 19.5 + 7.9 + 10 + 20 = 57.4

Decision use: Balanced evidence: keep at normal research priority and require another comparable period before raising conviction.

19.5/35Growth & earnings

Revenue 29.1% · PAT 31.8% · OPM change -83 pp

95% evidence

7.9/25Capital efficiency

ROCE 6.6% · debt/equity 0.59×

80% evidence

10.0/20Valuation

P/E 34.2× · PEG —

15% evidence

20.0/20Relative strength

RS sector 58.9% · RS bench 65% · 1Y 73.5%

100% evidence

3. Hind Rectifiers Ltd · HIRECT

55.4/100 · Mixed-positive evidence · 93% evidence

Exact sum: 11.3 + 12.7 + 12.9 + 18.5 = 55.4

Decision use: Price leads the evidence: RS versus the benchmark is 45.6%, but earnings trajectory is weak. Wait for revenue and profit confirmation.

11.3/35Growth & earnings

Revenue 52.5% · PAT 4% · OPM change -7.7 pp

100% evidence

12.7/25Capital efficiency

ROCE 18.8% · debt/equity 1.17×

100% evidence

12.9/20Valuation

P/E 99.4× · PEG 0.97

65% evidence

18.5/20Relative strength

RS sector 39.9% · RS bench 45.6% · 1Y 86.9%

100% evidence

4. MIC Electronics Ltd · MICEL

53.4/100 · Mixed-positive evidence · 71% evidence

Exact sum: 22.3 + 15.1 + 10 + 6 = 53.4

Decision use: Balanced evidence: keep at normal research priority and require another comparable period before raising conviction.

22.3/35Growth & earnings

Revenue 100% · PAT -80% · OPM change 7 pp

95% evidence

15.1/25Capital efficiency

ROCE 8.6% · debt/equity 0.2×

95% evidence

10.0/20Valuation

P/E — · PEG —

0% evidence

6.0/20Relative strength

RS sector -21.1% · RS bench -17.1% · 1Y -30.7%

70% evidence

5. Elin Electronics Ltd · ELIN

37.3/100 · Mixed-negative evidence · 87% evidence

Exact sum: 11.7 + 12.7 + 12.9 + 0 = 37.3

Decision use: Balanced evidence: keep at normal research priority and require another comparable period before raising conviction.

11.7/35Growth & earnings

Revenue 9.1% · PAT -22.9% · OPM change -4.6 pp

95% evidence

12.7/25Capital efficiency

ROCE 6.8% · debt/equity 0.03×

95% evidence

12.9/20Valuation

P/E 21.6× · PEG —

50% evidence

0.0/20Relative strength

RS sector -38.4% · RS bench -34.9% · 1Y -45.8%

100% evidence

6. RIR Power Electronics Ltd · 517035

36.9/100 · Mixed-negative evidence · 76% evidence

Exact sum: 12.3 + 14.6 + 8.5 + 1.5 = 36.9

Decision use: Balanced evidence: keep at normal research priority and require another comparable period before raising conviction.

12.3/35Growth & earnings

Revenue 5.4% · PAT 4.1% · OPM change -4.3 pp

95% evidence

14.6/25Capital efficiency

ROCE 7.9% · debt/equity 0.1×

80% evidence

8.5/20Valuation

P/E 176× · PEG —

15% evidence

1.5/20Relative strength

RS sector -29.3% · RS bench -26.9% · 1Y -41.9%

100% evidence

7. Spel Semiconductor Ltd · SPELS

42.9/100 · Thin evidence · provisional · 43% evidence

Exact sum: 16 + 5 + 10 + 11.9 = 42.9

Decision use: Fill the missing evidence before acting; the ranking is deliberately pulled toward neutral.

16.0/35Growth & earnings

Revenue 14.3% · PAT -72.2% · OPM change 55 pp

40% evidence

5.0/25Capital efficiency

ROCE -10.8% · debt/equity 13.5×

60% evidence

10.0/20Valuation

P/E — · PEG —

0% evidence

11.9/20Relative strength

RS sector 7.7% · RS bench -3.4% · 1Y 15%

70% evidence

01 · compare level, then change

Revenue Scale & Growth Durability

Genus Power Infrastructures Ltd has the highest Revenue among the 7 Electronics - Equipment/Components companies compared here, at ₹4,750 crore. Elin Electronics Ltd is next at ₹1,288 crore. MIC Electronics Ltd has the highest Revenue growth at the 100% top of the scoring scale, so level and change sit with different companies.

What the numbers say: Genus Power Infrastructures Ltd is the scale leader at ₹4,750 crore, 268.9% ahead of Elin Electronics Ltd. MIC Electronics Ltd's growth is stored at the ≥100% scoring cap; the uncapped TTM change is 101% from a ₹191 crore base, with 14 reported observations in the 20-quarter window. Treat the growth leader as an acceleration candidate, not as equally proven scale.

LeaderGenus Power Infrastructures Ltd · ₹4,750 crore
Gap268.9% versus #2 · Elin Electronics Ltd
Persistence8/8 recent comparable periods
Coverage7/7 companies · 110 observations

Investor read: Genus Power Infrastructures Ltd is the scale benchmark; MIC Electronics Ltd is the acceleration watch. Promote the challenger only if growth persists and converts into margin and returns.

This conclusion weakens if: Genus Power Infrastructures Ltd's growth falls below MIC Electronics Ltd's for two consecutive comparable reports while operating margin also compresses.

Revenue is compared on a common reported-currency basis. Growth is year-on-year, so seasonality does not masquerade as progress.
Revenuelargest
1Genus Power Infrastructures Ltd GENUSPOWER₹4.8K Cr
2Elin Electronics Ltd ELIN₹1.3K Cr
3Hind Rectifiers Ltd HIRECT₹999 Cr
4Elpro International Ltd ELPROINTL₹528 Cr
5MIC Electronics Ltd MICEL⚠ unverified₹191 Cr
Revenue growthfastest growers
1MIC Electronics Ltd MICEL⚠ unverified100%
2Genus Power Infrastructures Ltd GENUSPOWER95%
3Hind Rectifiers Ltd HIRECT53%
4Elpro International Ltd ELPROINTL29%
5Spel Semiconductor Ltd SPELS · older report14%
Revenue · company comparison
7/7 level · 7/7 change

Solid lines show level; dotted lines show change when “Both” is selected. Missing reports break the line rather than being invented.

All-company data · latest reported quarter

Each figure is the company’s latest single reported quarter. The rankings above use trailing-twelve-month or current-market values, so a company can legitimately show a different number in each.

CompanyRevenueRevenue growthReported
Genus Power Infrastructures Ltd GENUSPOWER₹1.5K Cr64%Mar 2026
Elin Electronics Ltd ELIN₹324 Cr2.7%Mar 2026
Hind Rectifiers Ltd HIRECT₹280 Cr51%Mar 2026
Elpro International Ltd ELPROINTL₹185 Cr164%Mar 2026
MIC Electronics Ltd MICEL⚠ unverified₹51 Cr13%Mar 2026
RIR Power Electronics Ltd 517035₹24 Cr-9.5%Mar 2026
Spel Semiconductor Ltd SPELS₹2 Cr100%Sep 2025
Full 20-quarter history · every available company

Revenue · reported quarter history

Elin Electronics Ltd · ELIN

—
—
—
—
—
—
₹202 Cr
₹269 Cr
₹254 Cr
₹273 Cr
₹237 Cr
₹278 Cr
₹294 Cr
₹305 Cr
₹266 Cr
₹316 Cr
₹295 Cr
₹375 Cr
₹294 Cr
₹324 Cr

Elpro International Ltd · ELPROINTL

—
—
—
—
—
—
₹32 Cr
₹43 Cr
₹52 Cr
₹35 Cr
₹52 Cr
₹116 Cr
₹139 Cr
₹207 Cr
₹-7 Cr
₹70 Cr
₹100 Cr
₹54 Cr
₹189 Cr
₹185 Cr

Genus Power Infrastructures Ltd · GENUSPOWER

₹130 Cr
₹178 Cr
₹196 Cr
₹181 Cr
₹187 Cr
₹219 Cr
₹200 Cr
₹202 Cr
₹261 Cr
₹259 Cr
₹260 Cr
₹420 Cr
₹414 Cr
₹487 Cr
₹604 Cr
₹937 Cr
₹942 Cr
₹1.1K Cr
₹1.1K Cr
₹1.5K Cr

Hind Rectifiers Ltd · HIRECT

₹73 Cr
₹102 Cr
₹94 Cr
₹102 Cr
₹73 Cr
₹78 Cr
₹97 Cr
₹112 Cr
₹98 Cr
₹132 Cr
₹137 Cr
₹151 Cr
₹136 Cr
₹166 Cr
₹169 Cr
₹185 Cr
₹215 Cr
₹227 Cr
₹277 Cr
₹280 Cr

MIC Electronics Ltd · MICEL⚠ unverified

—
—
—
—
—
—
₹7 Cr
₹11 Cr
₹8 Cr
₹10 Cr
₹17 Cr
₹23 Cr
₹11 Cr
₹27 Cr
₹12 Cr
₹45 Cr
₹12 Cr
₹38 Cr
₹90 Cr
₹51 Cr

RIR Power Electronics Ltd · 517035

—
—
—
—
—
₹15 Cr
₹14 Cr
₹16 Cr
₹14 Cr
₹17 Cr
₹15 Cr
₹22 Cr
₹21 Cr
₹19 Cr
₹20 Cr
₹26 Cr
₹21 Cr
₹26 Cr
₹20 Cr
₹24 Cr

Spel Semiconductor Ltd · SPELS

—
—
—
—
—
₹2 Cr
₹2 Cr
₹4 Cr
₹5 Cr
₹2 Cr
₹2 Cr
₹2 Cr
₹2 Cr
₹1 Cr
₹2 Cr
₹2 Cr
₹2 Cr
₹2 Cr
—
—

Revenue growth · reported quarter history

Elin Electronics Ltd · ELIN

—
—
—
—
—
—
—
—
—
—
17%
3.4%
16%
11%
13%
14%
0.7%
23%
10%
2.7%

Elpro International Ltd · ELPROINTL

—
—
—
—
—
—
—
—
—
—
63%
170%
167%
491%
-113%
-40%
-28%
-74%
—
164%

Genus Power Infrastructures Ltd · GENUSPOWER

—
—
—
—
44%
23%
2.0%
12%
40%
18%
30%
108%
59%
88%
132%
123%
128%
136%
86%
64%

Hind Rectifiers Ltd · HIRECT

—
—
—
—
0.0%
-24%
3.2%
9.8%
34%
69%
41%
35%
38%
26%
24%
22%
58%
37%
64%
51%

MIC Electronics Ltd · MICEL⚠ unverified

—
—
—
—
—
—
—
—
—
—
130%
109%
38%
170%
-29%
96%
9.1%
41%
650%
13%

RIR Power Electronics Ltd · 517035

—
—
—
—
—
—
—
—
—
11%
4.6%
33%
52%
13%
35%
23%
-0.2%
36%
2.0%
-9.5%

Spel Semiconductor Ltd · SPELS

—
—
—
—
—
—
—
—
—
0.0%
0.0%
-50%
-60%
-50%
0.0%
0.0%
0.0%
100%
—
—
02 · compare level, then change

Operating Economics & Margin Trend

MIC Electronics Ltd has the highest OPM among the 7 Electronics - Equipment/Components companies compared here, at 26%. Genus Power Infrastructures Ltd is next at 17%. Spel Semiconductor Ltd has the highest Margin change at +55 percentage points, so level and change sit with different companies. 7 of 7 companies report a comparable reading, the latest through Mar 2026.

What the numbers say: MIC Electronics Ltd leads opm at 26%; Spel Semiconductor Ltd leads margin change at +55 percentage points.

LeaderMIC Electronics Ltd · 26%
Gap52.9% versus #2 · Genus Power Infrastructures Ltd
Persistence3/8 recent comparable periods
Coverage7/7 companies · 137 observations

Investor read: MIC Electronics Ltd sets the level benchmark; use the change leader as an inflection watch only after another comparable report confirms it.

This conclusion weakens if: The next two comparable reports reverse the current margin change signal.

Operating margin compares operating profit with revenue. Improvement is measured in percentage points, not percentage growth.
OPMhighest
1MIC Electronics Ltd MICEL⚠ unverified26%
2Genus Power Infrastructures Ltd GENUSPOWER17%
3RIR Power Electronics Ltd 5170358.7%
4Hind Rectifiers Ltd HIRECT3.0%
5Elin Electronics Ltd ELIN1.8%
Margin changefastest expanders
1Spel Semiconductor Ltd SPELS · older report+55.0 pp
2MIC Electronics Ltd MICEL⚠ unverified+7.0 pp
3Genus Power Infrastructures Ltd GENUSPOWER−4.0 pp
4RIR Power Electronics Ltd 517035−4.3 pp
5Elin Electronics Ltd ELIN−4.6 pp
Operating margin · company comparison
7/7 level · 7/7 change

Solid lines show level; dotted lines show change when “Both” is selected. Missing reports break the line rather than being invented.

All-company data · latest reported quarter

Each figure is the company’s latest single reported quarter. The rankings above use trailing-twelve-month or current-market values, so a company can legitimately show a different number in each.

CompanyOPMMargin changeReported
MIC Electronics Ltd MICEL⚠ unverified26%+7.0 ppMar 2026
Genus Power Infrastructures Ltd GENUSPOWER17%−4.0 ppMar 2026
RIR Power Electronics Ltd 5170358.7%−4.3 ppMar 2026
Hind Rectifiers Ltd HIRECT3.0%−7.7 ppMar 2026
Elin Electronics Ltd ELIN1.8%−4.6 ppMar 2026
Elpro International Ltd ELPROINTL-38%−83.0 ppMar 2026
Spel Semiconductor Ltd SPELS-42%+55.0 ppSep 2025
Full 20-quarter history · every available company

OPM · reported quarter history

Elin Electronics Ltd · ELIN

—
7.3%
6.2%
7.9%
3.8%
10%
6.5%
3.3%
3.9%
3.6%
3.6%
4.5%
4.5%
3.7%
2.8%
6.4%
5.9%
5.4%
4.0%
1.8%

Elpro International Ltd · ELPROINTL

-56%
64%
47%
25%
41%
47%
44%
23%
67%
54%
66%
15%
49%
14%
32%
45%
71%
42%
71%
-38%

Genus Power Infrastructures Ltd · GENUSPOWER

3.9%
8.2%
11%
11%
7.7%
8.0%
10%
13%
11%
10%
5.0%
13%
15%
17%
15%
21%
21%
20%
19%
17%

Hind Rectifiers Ltd · HIRECT

6.9%
7.3%
5.0%
4.9%
-0.4%
-2.8%
6.7%
9.9%
6.8%
8.0%
9.9%
8.9%
11%
11%
10%
11%
11%
11%
9.2%
3.0%

MIC Electronics Ltd · MICEL⚠ unverified

-327%
-7.9%
29%
-1.8%
-31%
-25%
4.5%
22%
25%
29%
15%
24%
24%
13%
29%
19%
35%
10%
4.0%
26%

RIR Power Electronics Ltd · 517035

11%
15%
7.9%
12%
13%
17%
16%
10%
13%
16%
11%
18%
16%
12%
11%
13%
14%
17%
4.2%
8.7%

Spel Semiconductor Ltd · SPELS

-279%
-31%
-11%
42%
23%
102%
-80%
59%
-2.0%
-52%
-41%
-17%
-42%
-97%
-37%
-112%
-28%
-42%
—
—

Margin change · reported quarter history

Elin Electronics Ltd · ELIN

—
—
—
—
—
+2.8 pp
+0.3 pp
−4.6 pp
+0.1 pp
−6.5 pp
−2.9 pp
+1.2 pp
+0.7 pp
+0.1 pp
−0.8 pp
+2.0 pp
+1.4 pp
+1.7 pp
+1.1 pp
−4.6 pp

Elpro International Ltd · ELPROINTL

−121.3 pp
+20.1 pp
−6.6 pp
−7.5 pp
+97.3 pp
−17.3 pp
−2.9 pp
−1.6 pp
+25.9 pp
+7.0 pp
+22.0 pp
−8.0 pp
−18.0 pp
−40.0 pp
−34.0 pp
+30.0 pp
+22.0 pp
+28.0 pp
+39.0 pp
−83.0 pp

Genus Power Infrastructures Ltd · GENUSPOWER

+5.9 pp
−12.6 pp
−7.0 pp
−10.1 pp
+3.8 pp
−0.2 pp
−0.7 pp
+2.4 pp
+3.4 pp
+2.0 pp
−5.0 pp
0.0 pp
+4.0 pp
+7.0 pp
+10.0 pp
+8.0 pp
+6.0 pp
+3.0 pp
+4.0 pp
−4.0 pp

Hind Rectifiers Ltd · HIRECT

+0.1 pp
+0.1 pp
−1.0 pp
−0.7 pp
−7.3 pp
−10.1 pp
+1.8 pp
+5.0 pp
+7.2 pp
+10.9 pp
+3.1 pp
−1.0 pp
+3.9 pp
+3.0 pp
+0.6 pp
+1.8 pp
+0.6 pp
+0.4 pp
−1.2 pp
−7.7 pp

MIC Electronics Ltd · MICEL⚠ unverified

—
+246.0 pp
+928.8 pp
−16,801.8 pp
+296.3 pp
−17.1 pp
−24.3 pp
+23.8 pp
+55.6 pp
+54.0 pp
+10.5 pp
+2.0 pp
−1.0 pp
−16.0 pp
+14.0 pp
−5.0 pp
+11.0 pp
−3.0 pp
−25.0 pp
+7.0 pp

RIR Power Electronics Ltd · 517035

+24.8 pp
+1.3 pp
−5.3 pp
+2.6 pp
+2.0 pp
+1.5 pp
+8.2 pp
−1.4 pp
−0.3 pp
−1.1 pp
−5.5 pp
+7.8 pp
+2.8 pp
−3.4 pp
+0.1 pp
−5.2 pp
−2.0 pp
+4.7 pp
−6.4 pp
−4.3 pp

Spel Semiconductor Ltd · SPELS

−280.8 pp
−31.7 pp
−10.0 pp
+286.0 pp
+301.9 pp
+133.3 pp
−69.1 pp
+17.5 pp
−24.8 pp
−154.0 pp
+39.0 pp
−76.0 pp
−40.0 pp
−45.0 pp
+4.0 pp
−95.0 pp
+14.0 pp
+55.0 pp
—
—
03 · compare level, then change

Profit Scale & Acceleration

Genus Power Infrastructures Ltd has the highest Net profit among the 7 Electronics - Equipment/Components companies compared here, at ₹592 crore. Elpro International Ltd is next at ₹87 crore. The same company also holds the highest Profit growth, at 90.3%. 7 of 7 companies report a comparable reading, the latest through Mar 2026.

What the numbers say: Genus Power Infrastructures Ltd leads with ₹592 crore of TTM profit, 580.5% above Elpro International Ltd. Genus Power Infrastructures Ltd shows 90.3% growth from a ₹592 crore profit base. Compare the size of the base and persistence before ranking acceleration above profit scale.

LeaderGenus Power Infrastructures Ltd · ₹592 crore
Gap580.5% versus #2 · Elpro International Ltd
Persistence7/8 recent comparable periods
Coverage7/7 companies · 110 observations

Investor read: Genus Power Infrastructures Ltd sets the level benchmark; use the change leader as an inflection watch only after another comparable report confirms it.

This conclusion weakens if: The next two comparable reports reverse the current profit growth signal.

Net profit is the residual after operating costs, interest and tax. Growth off a loss or near-zero base is excluded from the fastest-grower rank.
Net profitlargest
1Genus Power Infrastructures Ltd GENUSPOWER₹592 Cr
2Elpro International Ltd ELPROINTL₹87 Cr
3Hind Rectifiers Ltd HIRECT₹39 Cr
4Elin Electronics Ltd ELIN₹23 Cr
5RIR Power Electronics Ltd 517035₹8 Cr
Profit growthfastest growers
1Genus Power Infrastructures Ltd GENUSPOWER90%
2Elpro International Ltd ELPROINTL32%
3RIR Power Electronics Ltd 5170354.1%
4Hind Rectifiers Ltd HIRECT4.0%
5Elin Electronics Ltd ELIN-23%
Net profit · company comparison
7/7 level · 6/7 change

Solid lines show level; dotted lines show change when “Both” is selected. Missing reports break the line rather than being invented.

All-company data · latest reported quarter

Each figure is the company’s latest single reported quarter. The rankings above use trailing-twelve-month or current-market values, so a company can legitimately show a different number in each.

CompanyNet profitProfit growthReported
Genus Power Infrastructures Ltd GENUSPOWER₹172 Cr40%Mar 2026
RIR Power Electronics Ltd 517035₹1 Cr-43%Mar 2026
Elin Electronics Ltd ELIN₹-1 Cr-104%Mar 2026
Hind Rectifiers Ltd HIRECT₹-2 Cr-116%Mar 2026
Spel Semiconductor Ltd SPELS₹-12 Cr-225%Sep 2025
MIC Electronics Ltd MICEL⚠ unverified₹-18 Cr-550%Mar 2026
Elpro International Ltd ELPROINTL₹-92 Cr-1,414%Mar 2026
Full 20-quarter history · every available company

Net profit · reported quarter history

Elin Electronics Ltd · ELIN

—
—
—
—
—
—
₹5 Cr
₹2 Cr
₹4 Cr
₹4 Cr
₹3 Cr
₹4 Cr
₹6 Cr
₹5 Cr
₹1 Cr
₹17 Cr
₹9 Cr
₹10 Cr
₹4 Cr
₹-1 Cr

Elpro International Ltd · ELPROINTL

—
—
—
—
—
—
₹14 Cr
₹0 Cr
₹20 Cr
₹18 Cr
₹24 Cr
₹24 Cr
₹48 Cr
₹32 Cr
₹-21 Cr
₹7 Cr
₹74 Cr
₹11 Cr
₹94 Cr
₹-92 Cr

Genus Power Infrastructures Ltd · GENUSPOWER

₹24 Cr
₹-2 Cr
₹15 Cr
₹21 Cr
₹12 Cr
₹10 Cr
₹22 Cr
₹-11 Cr
₹23 Cr
₹49 Cr
₹-10 Cr
₹24 Cr
₹48 Cr
₹83 Cr
₹57 Cr
₹123 Cr
₹137 Cr
₹143 Cr
₹140 Cr
₹172 Cr

Hind Rectifiers Ltd · HIRECT

₹2 Cr
₹3 Cr
₹1 Cr
₹2 Cr
₹-2 Cr
₹-4 Cr
₹2 Cr
₹-2 Cr
₹2 Cr
₹4 Cr
₹2 Cr
₹5 Cr
₹7 Cr
₹10 Cr
₹10 Cr
₹10 Cr
₹13 Cr
₹15 Cr
₹13 Cr
₹-2 Cr

MIC Electronics Ltd · MICEL⚠ unverified

—
—
—
—
—
—
₹-1 Cr
₹2 Cr
₹1 Cr
₹9 Cr
₹3 Cr
₹50 Cr
₹2 Cr
₹2 Cr
₹2 Cr
₹4 Cr
₹2 Cr
₹2 Cr
₹2 Cr
₹-18 Cr

RIR Power Electronics Ltd · 517035

—
—
—
—
—
₹2 Cr
₹2 Cr
₹1 Cr
₹1 Cr
₹2 Cr
₹1 Cr
₹3 Cr
₹2 Cr
₹1 Cr
₹1 Cr
₹2 Cr
₹2 Cr
₹4 Cr
₹0 Cr
₹1 Cr

Spel Semiconductor Ltd · SPELS

—
—
—
—
—
₹1 Cr
₹-9 Cr
₹4 Cr
₹-4 Cr
₹-4 Cr
₹-4 Cr
₹-5 Cr
₹-4 Cr
₹-5 Cr
₹-5 Cr
₹-8 Cr
₹-6 Cr
₹-12 Cr
—
—

Profit growth · reported quarter history

Elin Electronics Ltd · ELIN

—
—
—
—
—
—
—
—
—
—
-42%
121%
57%
22%
-47%
386%
59%
115%
161%
-104%

Elpro International Ltd · ELPROINTL

—
—
—
—
—
—
—
—
—
—
71%
—
140%
78%
-188%
-71%
54%
-66%
—
-1,414%

Genus Power Infrastructures Ltd · GENUSPOWER

—
—
—
—
-50%
—
47%
-152%
92%
390%
-145%
—
109%
69%
—
413%
185%
72%
146%
40%

Hind Rectifiers Ltd · HIRECT

—
—
—
—
-200%
-233%
100%
-200%
—
—
-24%
—
247%
155%
559%
95%
84%
44%
27%
-116%

MIC Electronics Ltd · MICEL⚠ unverified

—
—
—
—
—
—
—
—
—
—
—
2,400%
100%
-78%
-33%
-92%
0.0%
0.0%
0.0%
-550%

RIR Power Electronics Ltd · 517035

—
—
—
—
—
—
—
—
—
-19%
-40%
132%
68%
-8.9%
32%
-13%
-18%
196%
-70%
-43%

Spel Semiconductor Ltd · SPELS

—
—
—
—
—
—
—
—
—
-500%
—
-225%
—
—
—
—
—
—
—
—
04 · compare level, then change

Capacity Spending & Returns On It

MIC Electronics Ltd has the highest CAPEX among the 7 Electronics - Equipment/Components companies compared here, at ₹0 crore. The same company also holds the highest CAPEX intensity, at 0%. 1 of 7 companies report a comparable reading, the latest through Mar 2026.

What the numbers say: MIC Electronics Ltd reports ₹0 crore of CAPEX; MIC Electronics Ltd has the highest covered intensity at 0%. Coverage is only 1 of 7 companies and 2 reported observations, so this is partial evidence—not a complete sector rank.

LeaderMIC Electronics Ltd · ₹0 crore
GapNot enough peers
Persistence0/2 recent comparable periods
Coverage1/7 companies · 2 observations

Investor read: Use the CAPEX rank as a diligence queue. Verify commissioning, utilization, cash conversion and post-investment ROCE before treating spend as value creation.

This conclusion weakens if: CAPEX rises without higher utilization, operating cash flow or incremental returns.

CAPEX is cash spent on property, plant, equipment and other reported capital assets. CAPEX intensity divides that spend by revenue; high intensity is a reinvestment signal, not proof that the reinvestment will earn attractive returns.
CAPEXlargest spenders
1MIC Electronics Ltd MICEL⚠ unverified₹0 Cr
CAPEX intensityhighest reinvestment intensity
1MIC Electronics Ltd MICEL⚠ unverified0.0%
Capital expenditure · company comparison
1/7 level · 1/7 change

Solid lines show level; dotted lines show change when “Both” is selected. Missing reports break the line rather than being invented.

Withheld from this chart: Elpro International Ltd (ELPROINTL) — its two data sources disagree by up to 326% on reported income across 14 comparable periods, so its derived ratios are withheld. A figure two sources cannot agree on is not drawn — the gap is a decision, not missing data.

All-company data · latest reported quarter

Each figure is the company’s latest single reported quarter. The rankings above use trailing-twelve-month or current-market values, so a company can legitimately show a different number in each.

CompanyCAPEXCAPEX intensityReported
MIC Electronics Ltd MICEL⚠ unverified₹0 Cr0.0%Mar 2026
Full 20-quarter history · every available company

CAPEX · reported quarter history

MIC Electronics Ltd · MICEL⚠ unverified

—
—
—
—
—
—
—
—
—
—
—
—
—
—
—
—
₹0 Cr
₹0 Cr
—
—

CAPEX intensity · reported quarter history

MIC Electronics Ltd · MICEL⚠ unverified

—
—
—
—
—
—
—
—
—
—
—
—
—
—
—
—
0.0%
0.0%
—
—
Annual capital allocation · 10-year view
7/7 capacity base · 7/7 OCF · 7/7 CAPEX · 7/7 FCF

Capacity base is net fixed assets plus capital work in progress, straight off the reported balance sheet. It is not cash spent, so it answers a narrower question than CAPEX — but it is reported for companies whose cash-flow CAPEX is not published, which is why it leads here. Missing years remain blank; annual values are never relabelled as quarters.

Full annual capacity base, operating cash flow, CAPEX and free cash flow history

Capacity base · net fixed assets + CWIP · fiscal-year history

Elin Electronics Ltd · ELIN

₹79 Cr
₹86 Cr
₹122 Cr
₹134 Cr
₹161 Cr
₹188 Cr
₹232 Cr
₹236 Cr
₹249 Cr
₹281 Cr

Elpro International Ltd · ELPROINTL

₹103 Cr
₹136 Cr
₹176 Cr
₹199 Cr
₹196 Cr
₹193 Cr
₹418 Cr
₹456 Cr
₹717 Cr
₹945 Cr

Genus Power Infrastructures Ltd · GENUSPOWER

₹164 Cr
₹169 Cr
₹180 Cr
₹174 Cr
₹163 Cr
₹158 Cr
₹164 Cr
₹208 Cr
₹326 Cr
₹551 Cr

Hind Rectifiers Ltd · HIRECT

—
—
—
—
—
—
—
₹112 Cr
₹119 Cr
₹206 Cr

MIC Electronics Ltd · MICEL⚠ unverified

₹100 Cr
₹92 Cr
₹84 Cr
₹77 Cr
₹46 Cr
₹52 Cr
₹53 Cr
₹26 Cr
₹49 Cr
₹47 Cr

RIR Power Electronics Ltd · 517035

₹9 Cr
₹8 Cr
₹8 Cr
₹7 Cr
₹7 Cr
₹29 Cr
₹32 Cr
₹34 Cr
₹84 Cr
₹110 Cr

Spel Semiconductor Ltd · SPELS

₹133 Cr
₹126 Cr
₹122 Cr
₹117 Cr
₹113 Cr
₹87 Cr
₹78 Cr
₹75 Cr
₹72 Cr
—

Operating cash flow · fiscal-year history

Elin Electronics Ltd · ELIN

—
₹44 Cr
₹27 Cr
₹83 Cr
₹-34 Cr
₹57 Cr
₹62 Cr
₹43 Cr
₹17 Cr
₹54 Cr

Elpro International Ltd · ELPROINTL

₹31 Cr
₹57 Cr
₹-76 Cr
₹25 Cr
₹16 Cr
₹-162 Cr
₹-136 Cr
₹141 Cr
₹219 Cr
₹69 Cr

Genus Power Infrastructures Ltd · GENUSPOWER

₹157 Cr
₹6 Cr
₹50 Cr
₹134 Cr
₹108 Cr
₹28 Cr
₹86 Cr
₹-152 Cr
₹-443 Cr
₹-203 Cr

Hind Rectifiers Ltd · HIRECT

—
—
—
—
—
₹36 Cr
₹33 Cr
₹34 Cr
₹36 Cr
₹86 Cr

MIC Electronics Ltd · MICEL⚠ unverified

₹-22 Cr
₹33 Cr
₹0 Cr
₹1 Cr
₹-146 Cr
₹-58 Cr
₹-5 Cr
₹-13 Cr
₹-49 Cr
₹0 Cr

RIR Power Electronics Ltd · 517035

₹2 Cr
₹1 Cr
₹4 Cr
₹5 Cr
₹4 Cr
₹-2 Cr
₹1 Cr
₹2 Cr
₹1 Cr
₹-22 Cr

Spel Semiconductor Ltd · SPELS

₹-29 Cr
₹-6 Cr
₹4 Cr
₹-7 Cr
₹-2 Cr
₹-22 Cr
₹-3 Cr
₹-9 Cr
₹-2 Cr
—

CAPEX · reported cash flow · fiscal-year history

Elin Electronics Ltd · ELIN

—
₹19 Cr
₹53 Cr
₹32 Cr
₹39 Cr
₹41 Cr
₹63 Cr
₹26 Cr
₹38 Cr
₹56 Cr

Elpro International Ltd · ELPROINTL

₹-10 Cr
₹34 Cr
₹41 Cr
₹25 Cr
₹1 Cr
₹2 Cr
₹230 Cr
₹43 Cr
₹271 Cr
₹243 Cr

Genus Power Infrastructures Ltd · GENUSPOWER

₹39 Cr
₹22 Cr
₹30 Cr
₹16 Cr
₹11 Cr
₹15 Cr
₹25 Cr
₹65 Cr
₹153 Cr
₹280 Cr

Hind Rectifiers Ltd · HIRECT

—
—
—
—
—
—
—
—
₹15 Cr
₹101 Cr

MIC Electronics Ltd · MICEL⚠ unverified

₹-29 Cr
₹0 Cr
₹0 Cr
₹1 Cr
₹-24 Cr
₹9 Cr
₹3 Cr
₹-25 Cr
₹25 Cr
₹2 Cr

RIR Power Electronics Ltd · 517035

₹0 Cr
₹0 Cr
₹0 Cr
₹1 Cr
₹1 Cr
₹23 Cr
₹4 Cr
₹4 Cr
₹51 Cr
₹27 Cr

Spel Semiconductor Ltd · SPELS

₹53 Cr
₹-1 Cr
₹1 Cr
₹0 Cr
₹0 Cr
₹-21 Cr
₹-5 Cr
₹0 Cr
₹-1 Cr
—

Free cash flow · fiscal-year history

Elin Electronics Ltd · ELIN

—
₹25 Cr
₹-26 Cr
₹51 Cr
₹-73 Cr
₹16 Cr
₹-1 Cr
₹17 Cr
₹-21 Cr
₹-2 Cr

Elpro International Ltd · ELPROINTL

₹41 Cr
₹23 Cr
₹-117 Cr
₹0 Cr
₹15 Cr
₹-164 Cr
₹-366 Cr
₹98 Cr
₹-52 Cr
₹-174 Cr

Genus Power Infrastructures Ltd · GENUSPOWER

₹118 Cr
₹-16 Cr
₹20 Cr
₹118 Cr
₹97 Cr
₹13 Cr
₹61 Cr
₹-217 Cr
₹-596 Cr
₹-483 Cr

Hind Rectifiers Ltd · HIRECT

—
—
—
—
—
—
—
—
₹21 Cr
₹-15 Cr

MIC Electronics Ltd · MICEL⚠ unverified

₹7 Cr
₹33 Cr
₹0 Cr
₹0 Cr
₹-122 Cr
₹-67 Cr
₹-8 Cr
₹12 Cr
₹-74 Cr
₹-2 Cr

RIR Power Electronics Ltd · 517035

₹2 Cr
₹1 Cr
₹3 Cr
₹4 Cr
₹3 Cr
₹-25 Cr
₹-3 Cr
₹-2 Cr
₹-50 Cr
₹-49 Cr

Spel Semiconductor Ltd · SPELS

₹-82 Cr
₹-5 Cr
₹3 Cr
₹-7 Cr
₹-2 Cr
₹-1 Cr
₹2 Cr
₹-9 Cr
₹-1 Cr
—
05 · compare level, then change

Debt Load & Balance-Sheet Headroom

RIR Power Electronics Ltd has the lowest Gross debt among the 7 Electronics - Equipment/Components companies compared here, at ₹14 crore. Elin Electronics Ltd is next at ₹17 crore. MIC Electronics Ltd has the lowest Net debt at ₹33 crore, so level and change sit with different companies. Its Gross debt series carries 6 reported observations across the 20-quarter window.

What the numbers say: MIC Electronics Ltd has the clearest covered balance-sheet capacity with ₹33 crore and gross debt of ₹44 crore. Absolute debt alone does not identify the strongest balance sheet because company scale differs; net debt and debt-to-equity carry more information.

LeaderRIR Power Electronics Ltd · ₹14 crore
Gap18.2% versus #2 · Elin Electronics Ltd
PersistenceNot enough history
Coverage7/7 companies · 82 observations

Investor read: Prioritize net-cash capacity and leverage relative to operating scale, not the smallest absolute rupee debt.

This conclusion weakens if: Net debt rises faster than revenue and profit for two consecutive reported periods.

Gross debt shows contractual borrowings. Net debt subtracts reported cash; a negative value means net cash. Lower debt can create capacity, but should be read against the scale and capital intensity of the business.
Gross debtlowest gross debt
1RIR Power Electronics Ltd 517035₹14 Cr
2Elin Electronics Ltd ELIN₹17 Cr
3Spel Semiconductor Ltd SPELS · older report₹27 Cr
4MIC Electronics Ltd MICEL⚠ unverified₹44 Cr
5Hind Rectifiers Ltd HIRECT₹245 Cr
Net debtlowest net debt
1MIC Electronics Ltd MICEL⚠ unverified₹33 Cr
2Hind Rectifiers Ltd HIRECT₹241 Cr
3Genus Power Infrastructures Ltd GENUSPOWER₹1.5K Cr
Debt and balance-sheet capacity · company comparison
7/7 level · 3/7 change

Solid lines show level; dotted lines show change when “Both” is selected. Missing reports break the line rather than being invented.

All-company data · latest reported quarter

Each figure is the company’s latest single reported quarter. The rankings above use trailing-twelve-month or current-market values, so a company can legitimately show a different number in each.

CompanyGross debtNet debtReported
Genus Power Infrastructures Ltd GENUSPOWER₹2.3K Cr₹1.5K CrMar 2026
Elpro International Ltd ELPROINTL₹1.2K Cr—Mar 2026
Hind Rectifiers Ltd HIRECT₹245 Cr₹241 CrMar 2026
MIC Electronics Ltd MICEL⚠ unverified₹44 Cr₹33 CrMar 2026
Spel Semiconductor Ltd SPELS₹27 Cr—Sep 2025
Elin Electronics Ltd ELIN₹17 Cr—Mar 2026
RIR Power Electronics Ltd 517035₹14 Cr—Mar 2026
Full 20-quarter history · every available company

Gross debt · reported quarter history

Elin Electronics Ltd · ELIN

—
—
—
₹103 Cr
—
—
—
₹78 Cr
—
—
—
₹12 Cr
—
—
—
₹24 Cr
—
₹15 Cr
—
₹17 Cr

Elpro International Ltd · ELPROINTL

—
—
—
₹56 Cr
—
—
—
₹128 Cr
—
—
—
₹365 Cr
—
—
—
₹1.0K Cr
—
₹1.0K Cr
—
₹1.2K Cr

Genus Power Infrastructures Ltd · GENUSPOWER

₹208 Cr
₹240 Cr
₹240 Cr
₹271 Cr
₹271 Cr
₹245 Cr
₹245 Cr
₹347 Cr
₹347 Cr
₹341 Cr
₹341 Cr
₹588 Cr
₹588 Cr
₹1.2K Cr
₹1.2K Cr
₹1.4K Cr
₹1.4K Cr
₹1.7K Cr
₹1.7K Cr
₹2.3K Cr

Hind Rectifiers Ltd · HIRECT

₹84 Cr
₹63 Cr
₹63 Cr
₹75 Cr
₹75 Cr
₹106 Cr
₹106 Cr
₹105 Cr
₹105 Cr
₹111 Cr
₹111 Cr
₹135 Cr
₹135 Cr
₹129 Cr
₹129 Cr
₹164 Cr
₹164 Cr
₹208 Cr
₹208 Cr
₹245 Cr

MIC Electronics Ltd · MICEL⚠ unverified

₹28 Cr
₹65 Cr
₹65 Cr
₹8 Cr
₹7 Cr
₹9 Cr
₹9 Cr
₹17 Cr
₹16 Cr
₹13 Cr
—
₹12 Cr
₹12 Cr
₹43 Cr
₹43 Cr
₹48 Cr
₹48 Cr
₹46 Cr
₹46 Cr
₹44 Cr

RIR Power Electronics Ltd · 517035

—
—
—
₹29 Cr
—
—
—
₹32 Cr
—
—
—
₹34 Cr
—
—
—
₹21 Cr
—
₹14 Cr
—
₹14 Cr

Spel Semiconductor Ltd · SPELS

—
—
—
₹31 Cr
—
—
—
₹25 Cr
—
—
—
₹28 Cr
—
—
—
₹31 Cr
—
₹27 Cr
—
—

Net debt · reported quarter history

Genus Power Infrastructures Ltd · GENUSPOWER

₹-75 Cr
₹-50 Cr
₹-50 Cr
₹-5 Cr
₹-29 Cr
₹-106 Cr
₹-106 Cr
₹-25 Cr
₹-84 Cr
₹-148 Cr
₹-148 Cr
₹-93 Cr
₹-269 Cr
₹193 Cr
₹193 Cr
₹642 Cr
₹434 Cr
₹993 Cr
₹993 Cr
₹1.5K Cr

Hind Rectifiers Ltd · HIRECT

₹84 Cr
₹61 Cr
₹61 Cr
₹75 Cr
₹75 Cr
₹105 Cr
₹105 Cr
₹105 Cr
₹105 Cr
₹109 Cr
₹109 Cr
₹135 Cr
₹135 Cr
₹127 Cr
₹127 Cr
₹164 Cr
₹164 Cr
₹182 Cr
₹182 Cr
₹241 Cr

MIC Electronics Ltd · MICEL⚠ unverified

₹27 Cr
₹63 Cr
₹63 Cr
₹8 Cr
₹6 Cr
₹8 Cr
₹8 Cr
₹17 Cr
₹15 Cr
₹12 Cr
—
₹11 Cr
₹11 Cr
₹33 Cr
₹33 Cr
₹41 Cr
₹41 Cr
₹37 Cr
₹37 Cr
₹33 Cr
06 · compare level, then change

Return On Capital Employed

Genus Power Infrastructures Ltd has the highest ROCE among the 7 Electronics - Equipment/Components companies compared here, at 23.9%. Hind Rectifiers Ltd is next at 18.8%. The same company also holds the highest ROCE change, at +9.9 percentage points. 7 of 7 companies report a comparable reading, the latest through Mar 2026.

What the numbers say: Genus Power Infrastructures Ltd leads ROCE at 23.9%, 5.1 percentage points above Hind Rectifiers Ltd. Genus Power Infrastructures Ltd has the strongest latest improvement at +9.9 percentage points. Read the leader beside the density of its reported history: a sparse high return is a candidate; a repeated high return is evidence of durability.

LeaderGenus Power Infrastructures Ltd · 23.9%
Gap27.1% versus #2 · Hind Rectifiers Ltd
Persistence7/8 recent comparable periods
Coverage7/7 companies · 44 observations

Investor read: Genus Power Infrastructures Ltd sets the level benchmark; use the change leader as an inflection watch only after another comparable report confirms it.

This conclusion weakens if: The next two comparable reports reverse the current roce change signal.

ROCE asks how much operating return the business earns on the capital employed. Direction matters, but a single exceptional year should not be mistaken for durability.
ROCEhighest
1Genus Power Infrastructures Ltd GENUSPOWER24%
2Hind Rectifiers Ltd HIRECT19%
3MIC Electronics Ltd MICEL⚠ unverified8.6%
4RIR Power Electronics Ltd 5170357.9%
5Elin Electronics Ltd ELIN6.9%
ROCE changefastest improvers
1Genus Power Infrastructures Ltd GENUSPOWER+9.9 pp
2MIC Electronics Ltd MICEL⚠ unverified+2.3 pp
3Elpro International Ltd ELPROINTL+2.0 pp
4Elin Electronics Ltd ELIN0.0 pp
5RIR Power Electronics Ltd 517035−2.6 pp
Return on capital · company comparison
7/7 level · 7/7 change

Solid lines show level; dotted lines show change when “Both” is selected. Missing reports break the line rather than being invented.

Withheld from this chart: Elpro International Ltd (ELPROINTL) — its two data sources disagree by up to 326% on reported income across 14 comparable periods, so its derived ratios are withheld. A figure two sources cannot agree on is not drawn — the gap is a decision, not missing data.

All-company data · latest reported quarter

Each figure is the company’s latest single reported quarter. The rankings above use trailing-twelve-month or current-market values, so a company can legitimately show a different number in each.

CompanyROCEROCE changeReported
Hind Rectifiers Ltd HIRECT26%−4.7 ppMar 2026
Genus Power Infrastructures Ltd GENUSPOWER25%+9.9 ppMar 2026
MIC Electronics Ltd MICEL⚠ unverified9.4%+2.3 ppMar 2026
Full 20-quarter history · every available company

ROCE · reported quarter history

Genus Power Infrastructures Ltd · GENUSPOWER

—
7.1%
—
3.9%
—
5.1%
—
5.7%
9.6%
7.0%
12%
14%
17%
6.6%
22%
15%
30%
24%
34%
25%

Hind Rectifiers Ltd · HIRECT

—
14%
—
14%
—
2.0%
—
7.3%
—
20%
—
25%
—
32%
36%
31%
40%
31%
40%
26%

MIC Electronics Ltd · MICEL⚠ unverified

—
-9.1%
—
6.3%
—
6.3%
—
-1.2%
—
7.6%
23%
9.5%
20%
5.7%
8.6%
7.1%
10%
7.1%
7.7%
9.4%

ROCE change · reported quarter history

Genus Power Infrastructures Ltd · GENUSPOWER

—
—
—
—
—
−2.0 pp
—
+1.8 pp
—
+1.9 pp
—
+8.1 pp
+7.1 pp
−0.4 pp
+9.9 pp
+1.6 pp
+13.0 pp
+17.5 pp
+11.7 pp
+9.9 pp

Hind Rectifiers Ltd · HIRECT

—
—
—
—
—
−12.3 pp
—
−6.2 pp
—
+17.5 pp
—
+17.4 pp
—
+12.2 pp
—
+6.4 pp
—
−0.3 pp
+4.0 pp
−4.7 pp

MIC Electronics Ltd · MICEL⚠ unverified

—
—
—
—
—
+15.4 pp
—
−7.5 pp
—
+1.3 pp
—
+10.7 pp
—
−1.9 pp
−13.9 pp
−2.4 pp
−10.1 pp
+1.4 pp
−0.9 pp
+2.3 pp
07 · compare level, then change

Valuation Against Growth & Quality

Hind Rectifiers Ltd has the lowest Guarded PEG among the 7 Electronics - Equipment/Components companies compared here, at 0.97×. Genus Power Infrastructures Ltd is next at 1.8×. Genus Power Infrastructures Ltd has the lowest P/E at 16.2×, so level and change sit with different companies. 2 of 7 companies report a comparable reading, the latest through Mar 2026.

What the numbers say: Hind Rectifiers Ltd has the lowest comparable Guarded PEG at 0.97×, 46.1% below Genus Power Infrastructures Ltd. Only 2 of 7 companies pass the guard, so no broad “cheapest stock” conclusion is defensible unless the current multiple, own-history position and growth durability agree.

LeaderHind Rectifiers Ltd · 0.97×
Gap46.1% versus #2 · Genus Power Infrastructures Ltd
Persistence0/8 recent comparable periods
Coverage2/7 companies · 6 observations

Investor read: Treat valuation as permission to investigate, never as a standalone reason to buy.

This conclusion weakens if: The next two comparable reports reverse the current p/e signal.

PEG is shown only when earnings are positive and three-year EPS growth is between 5% and 60%. It is recomputed consistently as the trailing P/E divided by that growth rate — reported earnings, never an expected-earnings multiple. On Indian companies it is shown only where the two data sources reconciled. A missing PEG is more honest than a low-base fiction.
Guarded PEGlowest PEG
1Hind Rectifiers Ltd HIRECT1.0
2Genus Power Infrastructures Ltd GENUSPOWER1.8
P/Elowest P/E
1Genus Power Infrastructures Ltd GENUSPOWER16.2
2Elin Electronics Ltd ELIN21.6
3Elpro International Ltd ELPROINTL34.2
4Hind Rectifiers Ltd HIRECT99.4
5RIR Power Electronics Ltd 517035176.0
Valuation · company comparison
2/7 level · 5/7 change

Solid lines show level; dotted lines show change when “Both” is selected. Missing reports break the line rather than being invented.

All-company data · latest reported quarter

Each figure is the company’s latest single reported quarter. The rankings above use trailing-twelve-month or current-market values, so a company can legitimately show a different number in each.

CompanyGuarded PEGP/EReported
Genus Power Infrastructures Ltd GENUSPOWER1.812.6Mar 2026
Hind Rectifiers Ltd HIRECT1.048.1Mar 2026
RIR Power Electronics Ltd 517035—122.2Mar 2026
Elpro International Ltd ELPROINTL—26.2Mar 2026
MIC Electronics Ltd MICEL⚠ unverified—80.9Mar 2026
Spel Semiconductor Ltd SPELS—429.7Sep 2025
Elin Electronics Ltd ELIN—12.0Mar 2026
Full 20-quarter history · every available company

Guarded PEG · reported quarter history

Genus Power Infrastructures Ltd · GENUSPOWER

—
—
—
—
—
—
0.8
—
—
9.2
—
—
—
—
1.8
—
—
—
—
—

Hind Rectifiers Ltd · HIRECT

—
2.7
10.5
—
—
—
—
—
—
—
—
—
—
—
—
—
—
—
1.0
—

P/E · reported quarter history

Elin Electronics Ltd · ELIN

—
—
—
—
—
—
24.8
13.1
18.6
28.5
52.8
55.5
74.4
72.5
60.8
37.7
30.9
30.7
21.7
12.0

Elpro International Ltd · ELPROINTL

52.2
47.2
114.5
90.9
1.0
1.1
1.0
0.9
23.6
26.1
28.9
22.6
19.9
19.6
15.3
14.4
22.6
25.8
25.4
26.2

Genus Power Infrastructures Ltd · GENUSPOWER

19.7
21.0
22.3
25.4
33.1
44.6
39.1
34.8
110.8
160.8
71.0
114.2
94.5
104.2
80.3
37.3
36.4
23.0
19.6
12.6

Hind Rectifiers Ltd · HIRECT

39.7
45.8
55.8
39.4
—
—
-157.8
—
-243.9
98.5
187.3
82.5
66.1
85.3
77.9
50.5
58.3
67.6
54.7
48.1

MIC Electronics Ltd · MICEL⚠ unverified

—
—
20.0
—
—
90.0
11.5
10.4
187.7
215.8
153.6
104.0
216.4
263.1
238.6
130.0
131.3
142.0
112.3
80.9

RIR Power Electronics Ltd · 517035

—
—
—
—
40.0
40.4
74.5
35.0
54.1
66.9
87.1
116.4
192.4
377.8
241.5
211.2
264.1
376.6
178.8
122.2

Spel Semiconductor Ltd · SPELS

—
—
—
—
—
—
297.6
264.1
38.5
65.7
588.5
270.2
466.9
429.7
—
—
—
—
—
—
08 · compare level, then change

Enterprise Value & Book Value

Elin Electronics Ltd has the lowest EV/EBITDA among the 7 Electronics - Equipment/Components companies compared here, at 5.7×. Genus Power Infrastructures Ltd is next at 8.8×. The same company also holds the lowest P/BV, at 0.9×. 6 of 7 companies report a comparable reading, the latest through Mar 2026. Its EV/EBITDA series carries 14 reported observations across the 20-quarter window.

What the numbers say: Elin Electronics Ltd leads both ev/ebitda at 5.7× and p/bv at 0.9×.

LeaderElin Electronics Ltd · 5.7×
Gap35.2% versus #2 · Genus Power Infrastructures Ltd
Persistence0/8 recent comparable periods
Coverage6/7 companies · 113 observations

Investor read: Treat valuation as permission to investigate, never as a standalone reason to buy.

This conclusion weakens if: The next two comparable reports reverse the current p/bv signal.

EV/EBITDA includes debt in enterprise value and is useful across different capital structures. P/BV prices the company against its own book. Both are market multiples on reported figures, not intrinsic-value estimates and not forecasts.
EV/EBITDAlowest EV/EBITDA
1Elin Electronics Ltd ELIN5.7
2Genus Power Infrastructures Ltd GENUSPOWER8.8
3Elpro International Ltd ELPROINTL17.8
4Hind Rectifiers Ltd HIRECT27.5
5MIC Electronics Ltd MICEL⚠ unverified37.3
P/BVlowest P/BV
1Elin Electronics Ltd ELIN0.9
2Elpro International Ltd ELPROINTL1.5
3MIC Electronics Ltd MICEL⚠ unverified4.0
4Genus Power Infrastructures Ltd GENUSPOWER4.3
5RIR Power Electronics Ltd 5170359.0
Enterprise and book valuation · company comparison
6/7 level · 7/7 change

Solid lines show level; dotted lines show change when “Both” is selected. Missing reports break the line rather than being invented.

All-company data · latest reported quarter

Each figure is the company’s latest single reported quarter. The rankings above use trailing-twelve-month or current-market values, so a company can legitimately show a different number in each.

CompanyEV/EBITDAP/BVReported
Spel Semiconductor Ltd SPELS137.831.7Sep 2025
RIR Power Electronics Ltd 51703574.68.2Mar 2026
MIC Electronics Ltd MICEL⚠ unverified37.33.3Mar 2026
Hind Rectifiers Ltd HIRECT27.513.0Mar 2026
Elpro International Ltd ELPROINTL17.80.7Mar 2026
Genus Power Infrastructures Ltd GENUSPOWER8.83.6Mar 2026
Elin Electronics Ltd ELIN5.70.9Mar 2026
Full 20-quarter history · every available company

EV/EBITDA · reported quarter history

Elin Electronics Ltd · ELIN

—
—
—
—
—
—
15.4
8.8
11.9
12.3
13.9
13.2
20.4
22.3
18.2
10.3
13.0
13.2
10.0
5.7

Elpro International Ltd · ELPROINTL

21.4
45.9
35.7
33.0
1.0
0.9
0.9
0.8
15.2
16.1
18.6
14.4
13.3
14.8
12.7
11.6
13.8
17.5
17.5
17.8

Genus Power Infrastructures Ltd · GENUSPOWER

10.2
11.3
13.7
14.7
16.8
19.8
19.4
18.4
36.6
57.2
34.9
45.1
43.0
46.9
36.1
20.3
20.0
14.2
12.8
8.8

Hind Rectifiers Ltd · HIRECT

16.0
19.2
21.9
17.3
—
—
59.2
31.4
30.9
20.4
26.1
26.1
28.7
36.2
41.1
26.9
32.4
37.8
31.3
27.5

MIC Electronics Ltd · MICEL⚠ unverified

—
—
104.6
305.4
241.9
35.8
34.6
277.6
152.5
94.4
87.9
73.8
166.3
201.9
—
—
68.1
67.7
52.8
37.3

RIR Power Electronics Ltd · 517035

—
—
—
—
25.8
26.2
44.5
25.1
36.1
44.0
52.6
65.3
115.5
240.2
153.2
129.1
158.4
222.6
110.1
74.6

Spel Semiconductor Ltd · SPELS

36.9
—
—
—
—
68.4
39.2
33.6
24.3
30.2
58.1
81.2
137.8
—
—
—
—
—
—
—

P/BV · reported quarter history

Elin Electronics Ltd · ELIN

—
—
—
—
—
—
—
—
1.7
1.7
1.5
1.3
2.1
2.3
2.0
1.1
1.8
1.9
1.5
0.9

Elpro International Ltd · ELPROINTL

5.6
5.9
6.2
6.0
6.1
0.9
0.9
0.8
0.9
1.1
1.0
1.0
1.3
1.4
1.0
0.6
1.2
0.7
0.7
0.7

Genus Power Infrastructures Ltd · GENUSPOWER

1.6
1.9
1.9
1.8
2.1
2.1
2.2
2.2
3.3
6.6
5.0
5.0
8.0
7.8
6.7
4.6
7.1
4.9
4.7
3.6

Hind Rectifiers Ltd · HIRECT

2.6
3.1
3.8
2.9
2.8
3.8
3.7
3.0
4.8
4.9
7.9
8.3
9.3
12.0
19.0
13.1
13.5
18.1
13.7
13.0

MIC Electronics Ltd · MICEL⚠ unverified

-0.2
-1.3
-23.0
1.5
62.3
4.5
4.9
4.2
8.2
9.1
10.3
12.0
28.9
35.1
9.8
5.9
17.8
6.2
4.7
3.3

RIR Power Electronics Ltd · 517035

—
—
—
—
5.3
4.6
8.4
8.0
12.9
13.0
13.5
15.7
39.7
46.4
20.9
19.6
29.8
24.0
12.0
8.2

Spel Semiconductor Ltd · SPELS

0.8
0.9
3.1
4.5
2.5
4.0
3.6
3.0
5.0
5.4
8.5
13.8
20.0
28.4
34.0
22.8
18.0
31.7
—
—
09 · let price answer last

Market action

Hind Rectifiers Ltd has the strongest one-year price move in Electronics - Equipment/Components at +86.9%. Elpro International Ltd leads on Mansfield relative strength against NIFTY at +65%. 3 of 7 covered companies are above zero on that measure. Every line covers 313 weekly closes through 2026-07-17.

Every price line is indexed to 100 over the chosen window. Mansfield relative strength compares a price ratio with its own 52-week average; zero separates leadership from lagging.
Price and relative strength

Price is rebased to 100 inside the selected window. Pair ratio rebases each selected company against one chosen denominator.

Before the conclusion · check the blind spots

What can make this comparison misleading?

This Electronics - Equipment/Components comparison names 8 specific ways its own evidence can mislead, all listed below. 1 of the 7 companies reports on an older date than the sector's freshest reporters, so its rank is marked stale. 1 draws at least one figure from a second feed with too little overlap to cross-check.

Keep these limits visible

  • A high growth rate can be a low-base artefact. The page keeps level and change separate for that reason.
  • A high ROCE can be temporary or flattered by a small capital base. Read it beside margin, cash conversion and reinvestment.
  • The 4-Factor Sector Score ranks research priority, not portfolio action. Management quality, catalysts and risks need equally fresh evidence before capital is deployed.
  • An “all companies” line chart preserves completeness, but rank changes should be checked against reporting dates before drawing a conclusion.
  • 1 company has an older fundamental reporting date than the sector’s freshest reporters; its rank carries a stale marker.
  • 1 company draws at least one figure from a second data feed with too little overlapping history to cross-check against the primary source; it is marked unverified wherever that figure appears.
  • 1 company is missing from the second-feed metrics by decision, not by absence: the two sources disagree, so nothing from the second is drawn. Read those rows as narrower evidence, never as a weaker business.
  • Thin comparisons: Capital expenditure, Valuation have fewer than three usable current readings.
10 · the complete set

Which companies are included?

All 7 companies in the canonical Electronics - Equipment/Components membership are listed below, largest market value first — nothing is silently dropped, even where a company reports too little to rank. 1 of these is no longer being priced, so its price and relative strength are frozen at the last traded week shown.

AHEAD means the company is beating the index by 5% or more over three months. LAGGING, FUNDAMENTALS UP means it is 20% or more behind over a year while its trailing twelve-month earnings grew 20% or more. Both rules are fixed and applied the same way in every sector.

CompanyMarket valuePricePriced toLatest fundamentalsSource standing
Genus Power Infrastructures Ltd GENUSPOWERAHEAD₹9.6K Cr₹3162026-07-19Mar 2026Cross-checked
Hind Rectifiers Ltd HIRECTAHEAD20/26 WEEKS₹4.6K Cr₹1,3022026-07-19Mar 2026Cross-checked
Elpro International Ltd ELPROINTL₹3.0K Cr₹1772026-07-19Mar 2026Second feed withheld
RIR Power Electronics Ltd 517035₹1.3K Cr₹1582026-07-19Mar 2026Primary source only
MIC Electronics Ltd MICEL⚠ unverified₹872 Cr₹36.22026-07-19Mar 2026Includes unverified figures
Spel Semiconductor Ltd SPELS₹656 Cr₹1422026-03-08 · not currently pricedSep 2025Primary source only
Elin Electronics Ltd ELIN₹503 Cr₹1012026-06-28Mar 2026Primary source only
How each company's sources stand: 1 of 7 companies draws at least one figure from a second data feed that could not be cross-checked against the primary source, because the two do not share enough reported history to compare. Those figures are marked unverified wherever they appear. 1 of 7 companies has a second data feed that is known to disagree with the primary source, so nothing from it is drawn: Elpro International Ltd (ELPROINTL) — its two data sources disagree by up to 326% on reported income across 14 comparable periods, so its derived ratios are withheld.
Evidence and freshness

How was this comparison built?

This comparison is built from the reported filings of 7 Electronics - Equipment/Components companies, normalized to a common ₹ scale and a shared quarter axis of up to 20 quarters each. Fundamentals run through Mar 2026 and market data through 2026-07-24. A second data feed fills gaps only after identity and scale reconciliation, and missing observations are never interpolated.

FundamentalsThrough Mar 2026 · up to 20 quarters per company
Market dataThrough 2026-07-24 · weekly price and relative-strength history
Derived metricsGrowth, changes, CAPEX intensity, net debt, guarded PEG and P/BV÷ROE are calculated only when their inputs are comparable.
Score confidenceMissing and stale evidence reduces confidence and pulls the 0–100 research-priority score toward neutral.
Source standing2 cross-checked · 4 unverified · 1 withheld, of 7 graded companies.

A second feed is read only after its reported income is matched against the primary source on at least three overlapping periods. Where the two agree the figures fill silently. Where there is too little shared history to compare, the figures are still drawn — they are the only evidence there is — and marked ⚠ unverified everywhere they appear. Where the two are known to disagree, nothing from the second feed is drawn and the affected company is named under the chart it is missing from. Every company's standing is listed in the register above.

Questions investors ask · short, speakable answers

Electronics - Equipment/Components company comparison FAQs

These 18 answers restate the Electronics - Equipment/Components comparison above in question form. Every one is computed from the same 7 companies and the same reported filings as the rankings and charts, current through Mar 2026. Price and relative-strength answers run through 2026-07-24. Nothing here is estimated, and none of it is a recommendation.

What is the Nifty Electronics - Equipment/Components index?

The Nifty Electronics - Equipment/Components index tracks India's listed Electronics - Equipment/Components companies as a single basket. This page follows the same 7 companies and equal-weights them, so every company's weekly return counts once whatever it is worth, and the reading belongs to the Electronics - Equipment/Components sector rather than to its largest constituent. Figures are as of Mar 2026.

Which are the best Electronics - Equipment/Components stocks in India?

Ranked by this page's four-factor score, Genus Power Infrastructures Ltd places first among 7 listed Electronics - Equipment/Components companies, followed by Elpro International Ltd. That is a ranking of published data — earnings, quality, valuation and market behaviour as of Mar 2026 — and not a recommendation; Sector Alpha is not registered with SEBI as an investment adviser.

How many Electronics - Equipment/Components stocks are listed in India?

This comparison covers 7 listed Electronics - Equipment/Components companies in India, each above the size floor the site applies, with 20 quarters of reported figures per company where the filings exist. The full ranked list is on this page, as of Mar 2026.

Which Electronics - Equipment/Components company is the biggest?

Genus Power Infrastructures Ltd is the largest, with trailing-twelve-month revenue of ₹4,750 crore, ahead of Elin Electronics Ltd at ₹1,288 crore. That covers 7 of 7 companies with comparable reporting through Mar 2026.

Which Electronics - Equipment/Components company is growing fastest?

MIC Electronics Ltd has the fastest revenue growth at 100% year on year, across 7 of 7 comparable companies. Fast growth off a small base is not the same as proven scale — check whether the rate holds across several quarters on the chart above before treating it as a trend.

Which Electronics - Equipment/Components company has the best profit margins?

MIC Electronics Ltd has the highest operating margin at 26%, from 7 of 7 comparable companies. Spel Semiconductor Ltd shows the biggest recent improvement, at +55 percentage points. A high margin matters most when it is holding or rising, not when it is peaking.

Which Electronics - Equipment/Components company makes the most profit?

Genus Power Infrastructures Ltd earns the most, at ₹592 crore of trailing-twelve-month net profit, from 7 of 7 comparable companies. Genus Power Infrastructures Ltd has the fastest profit growth at 90.3%, though growth off a small or recovering profit base overstates how much has actually changed.

Which Electronics - Equipment/Components company earns the highest return on capital?

Genus Power Infrastructures Ltd leads on return on capital employed at 23.9%, across 7 of 7 companies. Read it beside the length of its reported history: a high return that repeats for years is evidence of a durable business, while a single high reading can be a small capital base or one good year.

Which Electronics - Equipment/Components stock is the cheapest?

On guarded PEG — where a LOWER number is cheaper — Hind Rectifiers Ltd screens cheapest at 0.97×. Only 2 of 7 companies pass the comparability guard, so this is not a sector-wide "cheapest stock" verdict. Cheap on a multiple is a reason to investigate, never a reason to buy on its own.

Which Electronics - Equipment/Components company has the strongest balance sheet?

RIR Power Electronics Ltd carries the lowest comparable gross debt at ₹14 crore, from 7 of 7 companies. Absolute rupee debt alone does not settle it, because company scale differs — net debt and debt-to-equity in the chart above carry more information, and a very low-debt balance sheet can also mean under-investment.

Which Electronics - Equipment/Components stock has the strongest price momentum?

Elpro International Ltd has the strongest relative strength against NIFTY 500. Relative strength answers last, after growth, quality and valuation: price can move well before the fundamentals confirm it, and sometimes without them confirming at all.

Which Electronics - Equipment/Components company scores highest for research priority?

Genus Power Infrastructures Ltd scores 65.2 out of 100 with 87% evidence confidence, from 29 points on growth and earnings, 15.5 on capital efficiency, 11 on valuation and 9.7 on relative strength. This ranks what deserves work next. It is not a buy recommendation, and management quality, catalysts and risk still need separate research.

How many Electronics - Equipment/Components companies does this comparison cover, and over what period?

It compares 7 listed companies over up to 20 reported quarters of fundamentals and 10 fiscal years of capital allocation, ending Mar 2026, plus weekly price and relative-strength history. Membership is the full sector list — nothing is dropped for having thin data.

What is the total market cap of the Electronics - Equipment/Components sector?

The 7 Electronics - Equipment/Components companies on this page carry ₹20,494 crore of combined market value. Genus Power Infrastructures Ltd is the largest at ₹9,602 crore, about 47% of the sector's total on its own. Market value moves with price, so this reading is dated 2026-07-29.

What is the Electronics - Equipment/Components sector's P/E ratio?

The median price-to-earnings ratio across the 7 Electronics - Equipment/Components companies on this page is 34.2×, measured on the 5 that report a comparable figure. A sector-level history for this multiple is not held here, so this is a cross-section of today, not a comparison with the sector’s own past. Figures are as of 2026-07-29.

How is the Electronics - Equipment/Components sector performing?

3 of the 7 covered Electronics - Equipment/Components companies are beating NIFTY 500 on Mansfield relative strength. A 52-week sector-versus-index comparison is not available from the current market series for this sector, so it is not quoted. Readings are as of 2026-07-29.

Why are some values on this page blank?

A blank means that company did not report a comparable figure for that period, so nothing is shown. Missing observations are never interpolated, carried forward, or replaced with a similar-looking accounting line, and a company with missing evidence has its research score pulled toward neutral rather than being scored as bad.

Is this investment advice?

No. Every figure here is a deterministic calculation from reported company filings and market data, published for research. It contains no recommendation to buy or sell any security, does not account for your circumstances, and is not a substitute for advice from a licensed adviser.

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