Sector Alpha Week of 2026-08-13
20-quarter listed-company comparison

Capital Goods - Electric General Stocks in India

Capital Goods - Electric General: Siemens Ltd owns the largest revenue base; Alpex Solar Ltd has the fastest current growth.

01 · the index people search for

Nifty Capital Goods - Electric General Index — Constituents & Performance

The Capital Goods - Electric General companies below are the listed Indian Capital Goods - Electric General universe this page tracks — the same constituent set people search for as the Nifty Capital Goods - Electric General 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.

02 · the sector itself · before any single company

How has Capital Goods - Electric General moved against NIFTY 500?

The line below covers up to 5.2 years and opens on the 5Y view; the buttons cut it shorter. Over the most recent two of them this sector is 10% ahead of NIFTY 500. Earnings across its companies grew 22% on average over the last four reported quarters. It has been ahead of NIFTY 500 on a rolling three-month view for 18 weeks running.

LEADER · ahead 18w✓Moving with the index8 of 18 companies ahead of NIFTY 500 by 5% or more over three months1 is 20% or more behind over a year while earnings grew 20% or more

RS ↑18w · 12/18 >200d (−1) · 8/18 lead (−4) · EPS 12/18↑

200500100020262025202420232022 1588337 TRAILING 12-MONTH EPS · 100 AT THE START0100144Jun 23Dec 23Jun 24Dec 24Jun 25Dec 25Jun 26Jun 2023 · trailing 12-month earnings per share at 100, against 100 at the start · down 42.4% on a year ago · 7 reporting · thin coverageSep 2023 · trailing 12-month earnings per share at 100, against 100 at the start · down 13.6% on a year ago · 16 reportingDec 2023 · trailing 12-month earnings per share at 99, against 100 at the start · down 16.6% on a year ago · 16 reportingMar 2024 · trailing 12-month earnings per share at 98, against 100 at the start · down 32.3% on a year ago · 16 reportingJun 2024 · trailing 12-month earnings per share at 108, against 100 at the start · up 28.6% on a year ago · 16 reportingSep 2024 · trailing 12-month earnings per share at 115, against 100 at the start · up 27.1% on a year ago · 17 reportingDec 2024 · trailing 12-month earnings per share at 136, against 100 at the start · up 32.3% on a year ago · 18 reportingMar 2025 · trailing 12-month earnings per share at 125, against 100 at the start · up 7.5% on a year ago · 18 reportingJun 2025 · trailing 12-month earnings per share at 144, against 100 at the start · up 8.0% on a year ago · 18 reportingSep 2025 · trailing 12-month earnings per share at 129, against 100 at the start · up 2.1% on a year ago · 18 reportingDec 2025 · trailing 12-month earnings per share at 125, against 100 at the start · up 28.8% on a year ago · 18 reportingMar 2026 · trailing 12-month earnings per share at 123, against 100 at the start · up 58.4% on a year ago · 17 reportingJun 2026 · trailing 12-month earnings per share at 120, against 100 at the start · up 0.3% on a year ago · 6 reporting · thin coverageNot reported yet — earnings trail price by a quarter or two120No earnings on file this far back — the price series reaches further than the filings doNO EARNINGS ON FILE
200500100020262025202420232022 1588337 TRAILING 12-MONTH EPS · 100 AT THE START0100144Jun 23Jun 24Jun 25Jun 26Jun 2023 · trailing 12-month earnings per share at 100, against 100 at the start · down 42.4% on a year ago · 7 reporting · thin coverageSep 2023 · trailing 12-month earnings per share at 100, against 100 at the start · down 13.6% on a year ago · 16 reportingDec 2023 · trailing 12-month earnings per share at 99, against 100 at the start · down 16.6% on a year ago · 16 reportingMar 2024 · trailing 12-month earnings per share at 98, against 100 at the start · down 32.3% on a year ago · 16 reportingJun 2024 · trailing 12-month earnings per share at 108, against 100 at the start · up 28.6% on a year ago · 16 reportingSep 2024 · trailing 12-month earnings per share at 115, against 100 at the start · up 27.1% on a year ago · 17 reportingDec 2024 · trailing 12-month earnings per share at 136, against 100 at the start · up 32.3% on a year ago · 18 reportingMar 2025 · trailing 12-month earnings per share at 125, against 100 at the start · up 7.5% on a year ago · 18 reportingJun 2025 · trailing 12-month earnings per share at 144, against 100 at the start · up 8.0% on a year ago · 18 reportingSep 2025 · trailing 12-month earnings per share at 129, against 100 at the start · up 2.1% on a year ago · 18 reportingDec 2025 · trailing 12-month earnings per share at 125, against 100 at the start · up 28.8% on a year ago · 18 reportingMar 2026 · trailing 12-month earnings per share at 123, against 100 at the start · up 58.4% on a year ago · 17 reportingJun 2026 · trailing 12-month earnings per share at 120, against 100 at the start · up 0.3% on a year ago · 6 reporting · thin coverageNot reported yet — earnings trail price by a quarter or twoNo earnings on file this far back — the price series reaches further than the filings do
Capital Goods - Electric General, equal-weighted, based at 200 NIFTY 500, same base, same start trailing 12-month earnings per share rising falling

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 18 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.

03 · sector relative strength, before individual stocks

Is Capital Goods - Electric General outperforming NIFTY 500?

Capital Goods - Electric General has outperformed NIFTY 500 by 11.6% over the last 52 weeks. Over 13 weeks the gap is a lead of 4.8%. 10 of 19 covered companies currently beat NIFTY on Mansfield relative strength, so leadership inside the sector is selective. Modern Insulators Ltd is the strongest against the sector itself at +68.9%.

+4.8%Sector vs NIFTY 500 · 13 weeks
+11.6%Sector vs NIFTY 500 · 52 weeks
10/19Stocks leading NIFTY 500
8/18Stocks leading sector

Sector metric: 32.7 as of 2026-08-09 · CONSOLIDATION · falling.

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

Capital Goods - Electric General has outperformed NIFTY 500 by 11.6% over 52 weeks and 4.8% over 13 weeks. 10 of 19 covered companies beat NIFTY on Mansfield relative strength, while 8 of 18 beat the sector itself. Siemens Ltd leads with revenue of ₹17,696 crore, based on 19 of 19 comparable companies through Mar 2026.

Companies
19
complete canonical membership
Combined market value
₹1.9 L Cr
Siemens Ltd
Revenue growing
19/19
positive TTM year-on-year growth
Beating NIFTY 500
10/19
positive Mansfield relative strength
Comparing 5 of 19
04 · research priority, made explicit

Best Capital Goods - Electric General Stocks in India (Aug 2026), Ranked by Data

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%
Modison Ltd has the strongest current balance of earnings trajectory, business quality, valuation and price confirmation, with 82.8% evidence confidence.
Exicom Tele-Systems Ltd has stronger price confirmation than earnings confirmation; that is a research prompt, not permission to chase.
How this score is built, and what the marks mean

Missing observations are not scored as bad. Their missing weight lowers confidence and pulls the final score toward neutral. PEG is not shown when the ratio cannot mean anything: the company must be making a profit, its price-to-earnings must be positive, and its three-year earnings growth must fall between 5% and 60%. Dividing a price multiple by a loss, or by growth measured off a tiny base, produces a number that looks precise and tells you nothing. Under relative strength, one mark per week shows the last 12 weeks: a mark is filled where the company led NIFTY 500 by 5% or more over the 13 weeks ending that week, which is the same test used everywhere on this site. Price stage places the company on the same six-step curve the sector itself is placed on — basing, turning, breaking out, leader, fading, asleep — read from how many weeks running it has led NIFTY 500 and whether that lead is widening or shrinking. It describes where the PRICE stands, not the earnings trajectory and not a recommendation, and it is left blank for a company whose weekly history is too short or too stale to read.

Top 10 Capital Goods - Electric General Stocks in India

CompanyScorePrice stageGrowth & earnings/35Capital efficiency/25Valuation/20Relative strength/20
1Modison LtdMODISONLTD 79.3/100Favorable setup83% evidence LEADER 29.0/35 Revenue 45.2% · PAT 100% · OPM change 13 pp 83% evidence 18.9/25 ROCE 31% · OPM 25% 95% evidence 12.9/20 P/E 11.5× · PEG — 50% evidence 18.5/20 RS sector 34.3% · RS bench 51.1% · 1Y 66.5%12 of 12 weeks ahead 100% evidence
Exact sum: 29 + 18.9 + 12.9 + 18.5 = 79.3 · Decision use: Confirmed research leader: earnings, capital efficiency and relative strength agree. Move to management, catalyst and risk diligence.
2Rishabh Instruments LtdRISHABH 67.7/100Favorable setup86% evidence LEADER 25.9/35 Revenue 7.8% · PAT 100% · OPM change 7 pp 88% evidence 16.9/25 ROCE 14.5% · OPM 16% 100% evidence 11.2/20 P/E 30.3× · PEG — 50% evidence 13.7/20 RS sector 20.4% · RS bench 37.2% · 1Y 123.5%12 of 12 weeks ahead 100% evidence
Exact sum: 25.9 + 16.9 + 11.2 + 13.7 = 67.7 · Decision use: Confirmed research leader: earnings, capital efficiency and relative strength agree. Move to management, catalyst and risk diligence.
3Modern Insulators LtdMODINSULAT 67.1/100Favorable setup78% evidence LEADER 28.1/35 Revenue 42.7% · PAT 100% · OPM change 5 pp 83% evidence 18.3/25 ROCE 19.4% · OPM 16% 76% evidence 6.7/20 P/E 30.6× · PEG — 50% evidence 14.0/20 RS sector 68.9% · RS bench 89.9% · 1Y 456.8%12 of 12 weeks ahead 100% evidence
Exact sum: 28.1 + 18.3 + 6.7 + 14 = 67.1 · Decision use: Confirmed research leader: earnings, capital efficiency and relative strength agree. Move to management, catalyst and risk diligence.
4Ravindra Energy LtdRELTD 66.2/100Favorable setup83% evidence TURNING 28.4/35 Revenue 100% · PAT 100% · OPM change 8 pp 88% evidence 16.1/25 ROCE 15.9% · OPM 25% 100% evidence 8.2/20 P/E 41.2× · PEG 1.97 65% evidence 13.5/20 RS sector 6.9% · RS bench 9.1% · 1Y 15.5%6 of 10 weeks ahead 70% evidence
Exact sum: 28.4 + 16.1 + 8.2 + 13.5 = 66.2 · Decision use: Balanced evidence: keep at normal research priority and require another comparable period before raising conviction.
5Spectrum Electrical Industries LtdSPECTRUM 65.0/100Favorable setup96% evidence BREAKING OUT 23.2/35 Revenue 52% · PAT 92.3% · OPM change 1 pp 88% evidence 18.0/25 ROCE 16.7% · OPM 16% 100% evidence 4.3/20 P/E 86.3× · PEG 9.09 100% evidence 19.5/20 RS sector 43% · RS bench 63.2% · 1Y 52.4%10 of 12 weeks ahead 100% evidence
Exact sum: 23.2 + 18 + 4.3 + 19.5 = 65 · Decision use: Confirmed research leader: earnings, capital efficiency and relative strength agree. Move to management, catalyst and risk diligence.
6Kirloskar Electric Company LtdKECL 59.5/100Mixed-positive evidence68% evidence TURNING 21.3/35 Revenue 8.4% · PAT 100% · OPM change 3.4 pp 62% evidence 13.1/25 ROCE 14.6% · OPM 3.9% 95% evidence 8.5/20 P/E 109× · PEG — 15% evidence 16.6/20 RS sector 12.7% · RS bench 28.8% · 1Y 16.5%10 of 12 weeks ahead 100% evidence
Exact sum: 21.3 + 13.1 + 8.5 + 16.6 = 59.5 · Decision use: Balanced evidence: keep at normal research priority and require another comparable period before raising conviction.
7IKIO Technologies LtdIKIO 54.6/100Mixed-positive evidence87% evidence LEADER 25.2/35 Revenue 34.5% · PAT 100% · OPM change 4 pp 95% evidence 7.8/25 ROCE 9.5% · OPM 13% 95% evidence 9.3/20 P/E 33.9× · PEG — 50% evidence 12.3/20 RS sector -1.2% · RS bench 13% · 1Y 3%12 of 12 weeks ahead 100% evidence
Exact sum: 25.2 + 7.8 + 9.3 + 12.3 = 54.6 · Decision use: Balanced evidence: keep at normal research priority and require another comparable period before raising conviction.
8Alpex Solar LtdALPEXSOLAR 54.6/100Mixed-positive evidence70% evidence ASLEEP 17.6/35 Revenue 100% · PAT 100% · OPM change -3 pp 83% evidence 18.9/25 ROCE 43.5% · OPM 13% 95% evidence 11.5/20 P/E 10.2× · PEG — 15% evidence 6.6/20 RS sector -2.9% · RS bench -20.2% · 1Y -34.7%6 of 10 weeks ahead 70% evidence
Exact sum: 17.6 + 18.9 + 11.5 + 6.6 = 54.6 · Decision use: Balanced evidence: keep at normal research priority and require another comparable period before raising conviction.
9Siemens LtdSIEMENS 50.6/100Mixed-positive evidence78% evidence ASLEEP 16.0/35 Revenue 13.4% · PAT -40.3% · OPM change -1 pp 83% evidence 17.9/25 ROCE 21.4% · OPM 10% 76% evidence 7.3/20 P/E 50× · PEG — 50% evidence 9.4/20 RS sector 0.2% · RS bench 15.2% · 1Y 30.3%6 of 12 weeks ahead 100% evidence
Exact sum: 16 + 17.9 + 7.3 + 9.4 = 50.6 · Decision use: Balanced evidence: keep at normal research priority and require another comparable period before raising conviction.
10Swelect Energy Systems LtdSWELECTES 50.0/100Mixed-positive evidence70% evidence ASLEEP 21.9/35 Revenue 5.6% · PAT 100% · OPM change 5 pp 83% evidence 9.7/25 ROCE 8% · OPM 18% 95% evidence 11.1/20 P/E 21.4× · PEG — 15% evidence 7.3/20 RS sector -4.4% · RS bench -1.6% · 1Y 0.1%6 of 10 weeks ahead 70% evidence
Exact sum: 21.9 + 9.7 + 11.1 + 7.3 = 50 · Decision use: Balanced evidence: keep at normal research priority and require another comparable period before raising conviction.
11V-Guard Industries LtdVGUARD 49.0/100Mixed-negative evidence100% evidence ASLEEP 18.9/35 Revenue 13.4% · PAT 26.4% · OPM change 3 pp 100% evidence 16.0/25 ROCE 18.4% · OPM 11% 100% evidence 9.4/20 P/E 36.8× · PEG 2.51 100% evidence 4.7/20 RS sector -18.8% · RS bench -6.1% · 1Y -15.1%0 of 12 weeks ahead 100% evidence
Exact sum: 18.9 + 16 + 9.4 + 4.7 = 49 · Decision use: Balanced evidence: keep at normal research priority and require another comparable period before raising conviction.
12Exicom Tele-Systems LtdEXICOM 43.2/100Mixed-negative evidence68% evidence LEADER 16.4/35 Revenue 32.7% · PAT -80% · OPM change 6.1 pp 65% evidence 0.3/25 ROCE -14.7% · OPM 0.1% 100% evidence 10.0/20 P/E — · PEG — 0% evidence 16.5/20 RS sector 7.2% · RS bench 21.6% · 1Y 2.5%12 of 12 weeks ahead 100% evidence
Exact sum: 16.4 + 0.3 + 10 + 16.5 = 43.2 · Decision use: Price leads the evidence: RS versus the benchmark is 21.6%, but earnings trajectory is weak. Wait for revenue and profit confirmation.
13Insolation Energy LtdINA 43.1/100Mixed-negative evidence90% evidence ASLEEP 16.4/35 Revenue 60.6% · PAT 63.4% · OPM change -17.8 pp 88% evidence 4.2/25 ROCE 2.5% · OPM -15.4% 100% evidence 19.5/20 P/E 22.7× · PEG 0.15 100% evidence 3.0/20 RS sector -39.8% · RS bench -23% · 1Y -49.7%6 of 11 weeks ahead 70% evidence
Exact sum: 16.4 + 4.2 + 19.5 + 3 = 43.1 · Decision use: Balanced evidence: keep at normal research priority and require another comparable period before raising conviction.
14HPL Electric & Power LtdHPL 39.1/100Mixed-negative evidence77% evidence ASLEEP 10.8/35 Revenue 6.5% · PAT -3.2% · OPM change 0 pp 83% evidence 12.9/25 ROCE 13.5% · OPM 17% 95% evidence 10.6/20 P/E 23.2× · PEG — 50% evidence 4.8/20 RS sector -22.8% · RS bench -12.7% · 1Y -40.3%4 of 10 weeks ahead 70% evidence
Exact sum: 10.8 + 12.9 + 10.6 + 4.8 = 39.1 · Decision use: Balanced evidence: keep at normal research priority and require another comparable period before raising conviction.
15Honda India Power Products LtdHONDAPOWER 38.6/100Mixed-negative evidence81% evidence ASLEEP 16.1/35 Revenue 11.8% · PAT -9.6% · OPM change 3 pp 95% evidence 8.3/25 ROCE 11.5% · OPM 8% 95% evidence 7.8/20 P/E 29× · PEG — 50% evidence 6.4/20 RS sector -4% · RS bench -12.9% · 1Y -27.1%1 of 10 weeks ahead 70% evidence
Exact sum: 16.1 + 8.3 + 7.8 + 6.4 = 38.6 · Decision use: Balanced evidence: keep at normal research priority and require another comparable period before raising conviction.
16Servotech Renewable Power System LtdSERVOTECH 37.7/100Mixed-negative evidence82% evidence ASLEEP 12.5/35 Revenue 7.4% · PAT 7.5% · OPM change 1.9 pp 95% evidence 11.8/25 ROCE 12.8% · OPM 9.5% 76% evidence 11.6/20 P/E 51× · PEG — 50% evidence 1.8/20 RS sector -23.8% · RS bench -13.2% · 1Y -36.8%9 of 12 weeks ahead 100% evidence
Exact sum: 12.5 + 11.8 + 11.6 + 1.8 = 37.7 · Decision use: Balanced evidence: keep at normal research priority and require another comparable period before raising conviction.
17Salzer Electronics LtdSALZERELEC 36.7/100Mixed-negative evidence81% evidence ASLEEP 12.6/35 Revenue 24% · PAT -22.1% · OPM change -3.2 pp 95% evidence 9.5/25 ROCE 11.5% · OPM 6.3% 95% evidence 9.3/20 P/E 24.6× · PEG — 50% evidence 5.3/20 RS sector -19.7% · RS bench -12.8% · 1Y -26%3 of 10 weeks ahead 70% evidence
Exact sum: 12.6 + 9.5 + 9.3 + 5.3 = 36.7 · Decision use: Balanced evidence: keep at normal research priority and require another comparable period before raising conviction.
18Igarashi Motors India LtdIGARASHI 32.8/100Adverse evidence74% evidence TURNING 8.3/35 Revenue 3.3% · PAT -49.8% · OPM change 0.2 pp 95% evidence 8.4/25 ROCE 4.6% · OPM 9.8% 95% evidence 8.7/20 P/E 89.3× · PEG — 15% evidence 7.4/20 RS sector -19.7% · RS bench 6.1% · 1Y -20%8 of 10 weeks ahead 70% evidence
Exact sum: 8.3 + 8.4 + 8.7 + 7.4 = 32.8 · Decision use: Balanced evidence: keep at normal research priority and require another comparable period before raising conviction.
19Focus Lighting & Fixtures LtdFOCUS 31.9/100Adverse evidence61% evidence ASLEEP 7.0/35 Revenue 2.4% · PAT -66.6% · OPM change 0.9 pp 83% evidence 8.1/25 ROCE 5.5% · OPM 10.2% 95% evidence 8.9/20 P/E 89.2× · PEG — 15% evidence 7.9/20 RS sector — · RS bench -17.3% · 1Y —0 of 4 weeks ahead 25% evidence
Exact sum: 7 + 8.1 + 8.9 + 7.9 = 31.9 · Decision use: Balanced evidence: keep at normal research priority and require another comparable period before raising conviction.
Showing 10 of 19 companies
05 · what price has already done

Market action

Modern Insulators Ltd has the strongest one-year price move in Capital Goods - Electric General at +456.8%. It also leads on Mansfield relative strength against NIFTY at +89.9%. 10 of 19 covered companies are above zero on that measure. Every line covers 313 weekly closes through 2026-08-07.

Price and relative strength

Every company, the sector's own index and NIFTY 500 all start level on the left edge of the window, so only the distance between the lines counts — the highest line has risen the most since then, and the chart at the top of this page is drawn the same way. It opens on one year; the buttons beside it stretch that to three or five.

06 · compare level, then change

Revenue Scale & Growth Durability

Siemens Ltd has the highest Revenue among the 19 Capital Goods - Electric General companies compared here, at ₹17,696 crore. V-Guard Industries Ltd is next at ₹6,311 crore. Alpex Solar 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: Siemens Ltd is the scale leader at ₹17,696 crore, 180.4% ahead of V-Guard Industries Ltd. Alpex Solar Ltd's growth is stored at the ≥100% scoring cap; the uncapped TTM change is 185% from a ₹2,223 crore base, with 10 reported observations in the 20-quarter window. Treat the growth leader as an acceleration candidate, not as equally proven scale.

LeaderSiemens Ltd · ₹17,696 crore
Gap180.4% versus #2 · V-Guard Industries Ltd
Persistence4/8 recent comparable periods
Coverage19/19 companies · 292 observations

Investor read: Siemens Ltd is the scale benchmark; Alpex Solar Ltd is the acceleration watch. Promote the challenger only if growth persists and converts into margin and returns.

This conclusion weakens if: Siemens Ltd's growth falls below Alpex Solar 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
1Siemens Ltd SIEMENS₹17.7K Cr
2V-Guard Industries Ltd VGUARD₹6.3K Cr
3Alpex Solar Ltd ALPEXSOLAR⚠ unverified₹2.2K Cr
4Insolation Energy Ltd INA₹2.1K Cr
5HPL Electric & Power Ltd HPL⚠ unverified₹1.8K Cr
Revenue growthfastest growers
1Alpex Solar Ltd ALPEXSOLAR⚠ unverified100%
2Ravindra Energy Ltd RELTD100%
3Insolation Energy Ltd INA61%
4Spectrum Electrical Industries Ltd SPECTRUM52%
5Modison Ltd MODISONLTD⚠ unverified45%
Revenue · company comparison
19/19 level · 19/19 change

On every company-comparison chart on this page: solid lines show level, dotted lines show change when “Both” is selected, and a missing report breaks the line rather than being invented.

All-company data · latest reported quarter

In every all-company table on this page, each figure is the company’s latest single reported quarter. The rankings above them use trailing-twelve-month or current-market values, so a company can legitimately show a different number in each.

CompanyRevenueRevenue growthReported
Siemens Ltd SIEMENS₹4.6K Cr15%Mar 2026
V-Guard Industries Ltd VGUARD₹1.8K Cr24%Jun 2026
Insolation Energy Ltd INA₹794 Cr100%Mar 2026
Alpex Solar Ltd ALPEXSOLAR⚠ unverified₹672 Cr106%Mar 2026
HPL Electric & Power Ltd HPL⚠ unverified₹520 Cr5.5%Mar 2026
Salzer Electronics Ltd SALZERELEC⚠ unverified₹498 Cr13%Jun 2026
Exicom Tele-Systems Ltd EXICOM₹388 Cr46%Mar 2026
Modison Ltd MODISONLTD⚠ unverified₹287 Cr121%Mar 2026
Spectrum Electrical Industries Ltd SPECTRUM₹283 Cr67%Mar 2026
Igarashi Motors India Ltd IGARASHI⚠ unverified₹251 Cr23%Jun 2026
Servotech Renewable Power System Ltd SERVOTECH₹216 Cr58%Jun 2026
Rishabh Instruments Ltd RISHABH₹205 Cr9.6%Mar 2026
Modern Insulators Ltd MODINSULAT₹203 Cr27%Mar 2026
Swelect Energy Systems Ltd SWELECTES⚠ unverified₹202 Cr-7.8%Mar 2026
Honda India Power Products Ltd HONDAPOWER⚠ unverified₹189 Cr22%Jun 2026
IKIO Technologies Ltd IKIO⚠ unverified₹169 Cr41%Jun 2026
Kirloskar Electric Company Ltd KECL⚠ unverified₹164 Cr27%Mar 2026
Ravindra Energy Ltd RELTD₹133 Cr-16%Mar 2026
Focus Lighting & Fixtures Ltd FOCUS₹60 Cr44%Mar 2026
Full 20-quarter history · every available company

Revenue · reported quarter history

Showing the 12 largest of 19 companies with a series here. The remaining 7 are complete in the plain-text rendition and the trace payload — nothing is dropped from the data, only from this grid.

Alpex Solar Ltd · ALPEXSOLAR⚠ unverified

—
—
—
—
—
—
—
—
—
₹79 Cr
₹121 Cr
₹77 Cr
₹188 Cr
₹188 Cr
₹327 Cr
₹380 Cr
₹523 Cr
₹648 Cr
₹672 Cr
—

Exicom Tele-Systems Ltd · EXICOM

—
—
—
₹109 Cr
₹109 Cr
₹146 Cr
₹346 Cr
₹265 Cr
₹190 Cr
₹264 Cr
₹301 Cr
₹252 Cr
₹153 Cr
₹197 Cr
₹266 Cr
₹205 Cr
₹282 Cr
₹277 Cr
₹388 Cr
—

Honda India Power Products Ltd · HONDAPOWER⚠ unverified

—
—
—
—
₹394 Cr
₹339 Cr
₹313 Cr
₹210 Cr
₹285 Cr
₹263 Cr
₹231 Cr
₹144 Cr
₹177 Cr
₹204 Cr
₹269 Cr
₹155 Cr
₹176 Cr
₹270 Cr
₹265 Cr
₹189 Cr

HPL Electric & Power Ltd · HPL⚠ unverified

—
—
—
—
—
₹302 Cr
₹363 Cr
₹321 Cr
₹350 Cr
₹366 Cr
₹424 Cr
₹393 Cr
₹422 Cr
₹392 Cr
₹493 Cr
₹383 Cr
₹434 Cr
₹474 Cr
₹520 Cr
—

Insolation Energy Ltd · INA

—
—
—
₹58 Cr
₹58 Cr
₹82 Cr
₹82 Cr
₹139 Cr
₹139 Cr
₹229 Cr
₹229 Cr
₹306 Cr
₹306 Cr
₹325 Cr
₹397 Cr
₹387 Cr
₹387 Cr
₹575 Cr
₹794 Cr
—

Modern Insulators Ltd · MODINSULAT

—
—
—
—
₹100 Cr
₹107 Cr
₹123 Cr
₹90 Cr
₹106 Cr
₹107 Cr
₹140 Cr
₹104 Cr
₹115 Cr
₹125 Cr
₹160 Cr
₹141 Cr
₹176 Cr
₹199 Cr
₹203 Cr
—

Ravindra Energy Ltd · RELTD

₹35 Cr
₹188 Cr
₹372 Cr
₹232 Cr
₹34 Cr
₹55 Cr
₹114 Cr
₹58 Cr
₹27 Cr
₹16 Cr
₹30 Cr
₹23 Cr
₹16 Cr
₹53 Cr
₹159 Cr
₹163 Cr
₹120 Cr
₹127 Cr
₹133 Cr
—

Rishabh Instruments Ltd · RISHABH

—
—
—
₹131 Cr
₹131 Cr
₹134 Cr
₹174 Cr
₹172 Cr
₹180 Cr
₹159 Cr
₹178 Cr
₹169 Cr
₹182 Cr
₹181 Cr
₹187 Cr
₹190 Cr
₹196 Cr
₹184 Cr
₹205 Cr
—

Servotech Renewable Power System Ltd · SERVOTECH

—
—
—
—
—
₹86 Cr
₹115 Cr
₹80 Cr
₹86 Cr
₹52 Cr
₹136 Cr
₹112 Cr
₹200 Cr
₹216 Cr
₹146 Cr
₹137 Cr
₹106 Cr
₹211 Cr
₹217 Cr
₹216 Cr

Siemens Ltd · SIEMENS

—
—
—
—
—
₹4.0K Cr
₹4.9K Cr
₹4.9K Cr
₹5.8K Cr
₹3.7K Cr
₹4.2K Cr
₹3.8K Cr
₹4.5K Cr
₹3.4K Cr
₹4.0K Cr
₹4.3K Cr
₹4.9K Cr
₹3.8K Cr
₹4.6K Cr
—

Spectrum Electrical Industries Ltd · SPECTRUM

₹62 Cr
₹64 Cr
₹64 Cr
₹63 Cr
₹63 Cr
₹64 Cr
₹64 Cr
₹67 Cr
₹67 Cr
₹97 Cr
₹126 Cr
₹75 Cr
₹87 Cr
₹71 Cr
₹169 Cr
₹85 Cr
₹118 Cr
₹125 Cr
₹283 Cr
—

V-Guard Industries Ltd · VGUARD

₹908 Cr
₹968 Cr
₹1.1K Cr
₹1.0K Cr
₹986 Cr
₹982 Cr
₹1.1K Cr
₹1.2K Cr
₹1.1K Cr
₹1.2K Cr
₹1.3K Cr
₹1.5K Cr
₹1.3K Cr
₹1.3K Cr
₹1.5K Cr
₹1.5K Cr
₹1.3K Cr
₹1.4K Cr
₹1.8K Cr
₹1.8K Cr

Revenue growth · reported quarter history

Showing the 12 largest of 19 companies with a series here. The remaining 7 are complete in the plain-text rendition and the trace payload — nothing is dropped from the data, only from this grid.

Alpex Solar Ltd · ALPEXSOLAR⚠ unverified

—
—
—
—
—
—
—
—
—
—
—
—
—
138%
170%
394%
178%
245%
106%
—

Exicom Tele-Systems Ltd · EXICOM

—
—
—
—
—
—
—
143%
74%
81%
-13%
-4.9%
-19%
-25%
-12%
-19%
84%
41%
46%
—

Honda India Power Products Ltd · HONDAPOWER⚠ unverified

—
—
—
—
—
—
—
—
-28%
-22%
-26%
-31%
-38%
-22%
16%
7.6%
-0.6%
32%
-1.5%
22%

HPL Electric & Power Ltd · HPL⚠ unverified

—
—
—
—
—
—
—
—
—
21%
17%
22%
21%
7.1%
16%
-2.5%
2.8%
21%
5.5%
—

Insolation Energy Ltd · INA

—
—
—
—
—
—
—
140%
140%
179%
179%
120%
120%
42%
73%
26%
26%
77%
100%
—

Modern Insulators Ltd · MODINSULAT

—
—
—
—
—
—
—
—
6.0%
0.0%
14%
16%
8.5%
17%
14%
36%
53%
59%
27%
—

Ravindra Energy Ltd · RELTD

—
—
—
36%
-2.9%
-71%
-69%
-75%
-21%
-71%
-74%
-60%
-41%
231%
430%
609%
650%
140%
-16%
—

Rishabh Instruments Ltd · RISHABH

—
—
—
—
—
—
—
31%
37%
19%
2.3%
-1.7%
1.1%
14%
5.1%
12%
7.7%
1.7%
9.6%
—

Servotech Renewable Power System Ltd · SERVOTECH

—
—
—
—
—
—
—
—
—
-40%
18%
41%
132%
316%
7.4%
22%
-47%
-2.4%
49%
58%

Siemens Ltd · SIEMENS

—
—
—
—
—
—
—
—
—
-7.6%
-15%
-23%
-23%
-9.4%
-3.0%
16%
9.9%
14%
15%
—

Spectrum Electrical Industries Ltd · SPECTRUM

—
—
—
1.6%
1.6%
0.0%
0.0%
6.4%
6.4%
52%
97%
12%
30%
-27%
34%
13%
36%
76%
67%
—

V-Guard Industries Ltd · VGUARD

—
—
—
80%
8.6%
1.5%
7.8%
19%
15%
19%
18%
22%
14%
8.9%
15%
-0.7%
3.6%
11%
14%
24%
07 · compare level, then change

Operating Economics & Margin Trend

Modison Ltd has the highest OPM among the 19 Capital Goods - Electric General companies compared here, at 25%. The same company also holds the highest Margin change, at +13 percentage points. 19 of 19 companies report a comparable reading, the latest through Mar 2026. Its OPM series carries 19 reported observations across the 20-quarter window.

What the numbers say: Modison Ltd leads both opm at 25% and margin change at +13 percentage points.

LeaderModison Ltd · 25%
Gap0% versus #2 · Ravindra Energy Ltd
Persistence5/8 recent comparable periods
Coverage19/19 companies · 349 observations

Investor read: Modison 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
1Modison Ltd MODISONLTD⚠ unverified25%
2Ravindra Energy Ltd RELTD25%
3Swelect Energy Systems Ltd SWELECTES⚠ unverified18%
4HPL Electric & Power Ltd HPL⚠ unverified17%
5Modern Insulators Ltd MODINSULAT16%
Margin changefastest expanders
1Modison Ltd MODISONLTD⚠ unverified+13.0 pp
2Ravindra Energy Ltd RELTD+8.0 pp
3Rishabh Instruments Ltd RISHABH+7.0 pp
4Exicom Tele-Systems Ltd EXICOM+6.1 pp
5Modern Insulators Ltd MODINSULAT+5.0 pp
Operating margin · company comparison
19/19 level · 19/19 change
All-company data · latest reported quarter
CompanyOPMMargin changeReported
Ravindra Energy Ltd RELTD25%+8.0 ppMar 2026
Modison Ltd MODISONLTD⚠ unverified25%+13.0 ppMar 2026
Swelect Energy Systems Ltd SWELECTES⚠ unverified18%+5.0 ppMar 2026
HPL Electric & Power Ltd HPL⚠ unverified17%0.0 ppMar 2026
Spectrum Electrical Industries Ltd SPECTRUM16%+1.0 ppMar 2026
Rishabh Instruments Ltd RISHABH16%+7.0 ppMar 2026
Modern Insulators Ltd MODINSULAT16%+5.0 ppMar 2026
Alpex Solar Ltd ALPEXSOLAR⚠ unverified13%−3.0 ppMar 2026
IKIO Technologies Ltd IKIO⚠ unverified13%+4.0 ppJun 2026
V-Guard Industries Ltd VGUARD11%+3.0 ppJun 2026
Focus Lighting & Fixtures Ltd FOCUS10%+0.9 ppMar 2026
Siemens Ltd SIEMENS10%−1.0 ppMar 2026
Igarashi Motors India Ltd IGARASHI⚠ unverified9.8%+0.2 ppJun 2026
Servotech Renewable Power System Ltd SERVOTECH9.5%+1.9 ppJun 2026
Honda India Power Products Ltd HONDAPOWER⚠ unverified8.0%+3.0 ppJun 2026
Salzer Electronics Ltd SALZERELEC⚠ unverified6.3%−3.2 ppJun 2026
Kirloskar Electric Company Ltd KECL⚠ unverified3.9%+3.4 ppMar 2026
Exicom Tele-Systems Ltd EXICOM0.1%+6.1 ppMar 2026
Insolation Energy Ltd INA-15%−17.8 ppMar 2026
Full 20-quarter history · every available company

OPM · reported quarter history

Showing the 12 largest of 19 companies with a series here. The remaining 7 are complete in the plain-text rendition and the trace payload — nothing is dropped from the data, only from this grid.

Alpex Solar Ltd · ALPEXSOLAR⚠ unverified

—
—
—
—
—
—
—
—
6.7%
10%
12%
5.0%
16%
20%
16%
16%
15%
14%
13%
—

Exicom Tele-Systems Ltd · EXICOM

—
—
—
2.6%
2.0%
11%
9.0%
7.0%
12%
12%
13%
10%
-10%
-16%
-6.0%
-19%
-12%
-12%
0.1%
—

Honda India Power Products Ltd · HONDAPOWER⚠ unverified

8.7%
9.9%
7.1%
2.9%
14%
13%
9.0%
10%
12%
13%
4.5%
11%
4.0%
10%
16%
5.0%
6.0%
12%
11%
8.0%

HPL Electric & Power Ltd · HPL⚠ unverified

12%
13%
14%
13%
13%
12%
12%
12%
13%
14%
13%
14%
14%
14%
17%
15%
15%
15%
17%
—

Insolation Energy Ltd · INA

7.5%
—
7.2%
6.4%
7.2%
5.3%
2.5%
9.0%
5.5%
11%
15%
12%
2.1%
-2.6%
2.4%
14%
12%
34%
-15%
—

Modern Insulators Ltd · MODINSULAT

4.0%
0.7%
5.7%
0.9%
3.0%
9.0%
10%
4.8%
5.0%
10%
11%
5.0%
4.3%
8.0%
11%
9.0%
11%
16%
16%
—

Ravindra Energy Ltd · RELTD

-14%
1.7%
-2.0%
1.6%
14%
3.0%
2.4%
19%
24%
45%
28%
32%
3.8%
13%
17%
17%
31%
25%
25%
—

Rishabh Instruments Ltd · RISHABH

—
—
—
14%
10%
14%
14%
10%
18%
3.0%
10%
4.5%
6.0%
8.0%
9.0%
15%
17%
17%
16%
—

Servotech Renewable Power System Ltd · SERVOTECH

6.0%
5.4%
5.5%
4.2%
5.8%
7.0%
4.0%
8.7%
6.2%
5.8%
4.1%
7.4%
9.5%
7.5%
8.3%
7.6%
5.9%
13%
10%
9.5%

Siemens Ltd · SIEMENS

11%
11%
12%
9.7%
11%
15%
13%
12%
12%
12%
15%
13%
12%
12%
11%
12%
12%
11%
10%
—

Spectrum Electrical Industries Ltd · SPECTRUM

12%
5.2%
9.0%
6.2%
9.8%
8.0%
12%
10%
13%
11%
10%
13%
9.0%
15%
15%
14%
13%
15%
16%
—

V-Guard Industries Ltd · VGUARD

10%
9.0%
11%
8.1%
7.4%
7.0%
9.0%
9.0%
8.0%
9.0%
10%
11%
9.0%
8.0%
9.0%
8.0%
8.0%
9.0%
10%
11%

Margin change · reported quarter history

Showing the 12 largest of 19 companies with a series here. The remaining 7 are complete in the plain-text rendition and the trace payload — nothing is dropped from the data, only from this grid.

Alpex Solar Ltd · ALPEXSOLAR⚠ unverified

—
—
—
—
—
—
—
—
—
—
—
—
+9.3 pp
+10.0 pp
+4.0 pp
+11.0 pp
−1.0 pp
−6.0 pp
−3.0 pp
—

Exicom Tele-Systems Ltd · EXICOM

—
—
—
—
—
—
—
+4.4 pp
+10.0 pp
+1.0 pp
+4.0 pp
+3.0 pp
−22.0 pp
−28.0 pp
−19.0 pp
−29.0 pp
−2.0 pp
+4.0 pp
+6.1 pp
—

Honda India Power Products Ltd · HONDAPOWER⚠ unverified

−3.0 pp
−0.7 pp
+0.1 pp
−5.6 pp
+5.3 pp
+3.1 pp
+1.9 pp
+7.2 pp
−2.0 pp
0.0 pp
−4.5 pp
+1.0 pp
−8.0 pp
−3.0 pp
+11.5 pp
−6.0 pp
+2.0 pp
+2.0 pp
−5.0 pp
+3.0 pp

HPL Electric & Power Ltd · HPL⚠ unverified

−3.4 pp
−0.9 pp
−0.2 pp
+5.1 pp
+1.0 pp
−1.3 pp
−2.0 pp
−0.7 pp
+0.5 pp
+2.0 pp
+1.0 pp
+2.0 pp
+1.0 pp
0.0 pp
+4.0 pp
+1.0 pp
+1.0 pp
+1.0 pp
0.0 pp
—

Insolation Energy Ltd · INA

—
—
—
—
−0.3 pp
—
−4.6 pp
+2.6 pp
−1.6 pp
+5.2 pp
+12.6 pp
+3.4 pp
−3.4 pp
−13.1 pp
−12.7 pp
+1.1 pp
+9.6 pp
+37.0 pp
−17.8 pp
—

Modern Insulators Ltd · MODINSULAT

−6.3 pp
−9.8 pp
−5.4 pp
−8.8 pp
−1.0 pp
+8.3 pp
+4.3 pp
+3.9 pp
+2.0 pp
+1.0 pp
+1.0 pp
+0.2 pp
−0.7 pp
−2.0 pp
0.0 pp
+4.0 pp
+6.7 pp
+8.0 pp
+5.0 pp
—

Ravindra Energy Ltd · RELTD

−10.1 pp
−12.3 pp
−7.2 pp
+0.1 pp
+28.3 pp
+1.3 pp
+4.4 pp
+17.4 pp
+9.6 pp
+42.0 pp
+25.6 pp
+13.0 pp
−20.2 pp
−32.0 pp
−11.0 pp
−15.0 pp
+27.2 pp
+12.0 pp
+8.0 pp
—

Rishabh Instruments Ltd · RISHABH

—
—
—
—
—
—
—
−4.3 pp
+7.6 pp
−11.0 pp
−4.0 pp
−5.5 pp
−12.0 pp
+5.0 pp
−1.0 pp
+10.5 pp
+11.0 pp
+9.0 pp
+7.0 pp
—

Servotech Renewable Power System Ltd · SERVOTECH

+8.6 pp
−0.2 pp
−2.3 pp
−6.6 pp
−0.2 pp
+1.6 pp
−1.5 pp
+4.4 pp
+0.4 pp
−1.2 pp
+0.1 pp
−1.3 pp
+3.3 pp
+1.7 pp
+4.3 pp
+0.2 pp
−3.6 pp
+5.8 pp
+2.0 pp
+1.9 pp

Siemens Ltd · SIEMENS

−2.0 pp
−2.1 pp
−0.8 pp
+1.3 pp
+0.4 pp
+4.5 pp
+0.7 pp
+2.3 pp
+0.9 pp
−3.0 pp
+2.0 pp
+1.0 pp
0.0 pp
0.0 pp
−4.0 pp
−1.0 pp
0.0 pp
−1.0 pp
−1.0 pp
—

Spectrum Electrical Industries Ltd · SPECTRUM

−0.2 pp
—
−5.1 pp
−2.2 pp
−2.1 pp
+2.8 pp
+3.0 pp
+4.0 pp
+3.6 pp
+3.1 pp
−1.7 pp
+2.8 pp
−4.3 pp
+3.9 pp
+4.7 pp
+1.0 pp
+4.0 pp
0.0 pp
+1.0 pp
—

V-Guard Industries Ltd · VGUARD

−1.8 pp
−4.8 pp
−2.3 pp
+0.0 pp
−3.1 pp
−2.0 pp
−1.6 pp
+0.9 pp
+0.6 pp
+2.0 pp
+1.0 pp
+2.0 pp
+1.0 pp
−1.0 pp
−1.0 pp
−3.0 pp
−1.0 pp
+1.0 pp
+1.0 pp
+3.0 pp
08 · compare level, then change

Profit Scale & Acceleration

Siemens Ltd has the highest Net profit among the 19 Capital Goods - Electric General companies compared here, at ₹1,556 crore. V-Guard Industries Ltd is next at ₹364 crore. Alpex Solar Ltd has the highest Profit growth at the 100% top of the scoring scale, so level and change sit with different companies.

What the numbers say: Siemens Ltd leads with ₹1,556 crore of TTM profit, 327.5% above V-Guard Industries Ltd. Alpex Solar Ltd shows ≥100% on the scoring scale (143.4% uncapped) growth from a ₹202 crore profit base. Compare the size of the base and persistence before ranking acceleration above profit scale.

LeaderSiemens Ltd · ₹1,556 crore
Gap327.5% versus #2 · V-Guard Industries Ltd
Persistence3/8 recent comparable periods
Coverage19/19 companies · 292 observations

Investor read: Siemens 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
1Siemens Ltd SIEMENS₹1.6K Cr
2V-Guard Industries Ltd VGUARD₹364 Cr
3Alpex Solar Ltd ALPEXSOLAR⚠ unverified₹202 Cr
4Insolation Energy Ltd INA₹201 Cr
5HPL Electric & Power Ltd HPL⚠ unverified₹91 Cr
Profit growthfastest growers
1Alpex Solar Ltd ALPEXSOLAR⚠ unverified100%
2IKIO Technologies Ltd IKIO⚠ unverified100%
3Modern Insulators Ltd MODINSULAT100%
4Modison Ltd MODISONLTD⚠ unverified100%
5Ravindra Energy Ltd RELTD100%
Net profit · company comparison
19/19 level · 17/19 change
All-company data · latest reported quarter
CompanyNet profitProfit growthReported
Siemens Ltd SIEMENS₹370 Cr-36%Mar 2026
V-Guard Industries Ltd VGUARD₹130 Cr76%Jun 2026
Insolation Energy Ltd INA₹70 Cr67%Mar 2026
Alpex Solar Ltd ALPEXSOLAR⚠ unverified₹53 Cr51%Mar 2026
Modison Ltd MODISONLTD⚠ unverified₹36 Cr260%Mar 2026
HPL Electric & Power Ltd HPL⚠ unverified₹31 Cr-16%Mar 2026
Spectrum Electrical Industries Ltd SPECTRUM₹26 Cr86%Mar 2026
Modern Insulators Ltd MODINSULAT₹24 Cr167%Mar 2026
Rishabh Instruments Ltd RISHABH₹20 Cr233%Mar 2026
Ravindra Energy Ltd RELTD₹13 Cr0.0%Mar 2026
Honda India Power Products Ltd HONDAPOWER⚠ unverified₹11 Cr22%Jun 2026
IKIO Technologies Ltd IKIO⚠ unverified₹11 Cr450%Jun 2026
Swelect Energy Systems Ltd SWELECTES⚠ unverified₹11 Cr22%Mar 2026
Salzer Electronics Ltd SALZERELEC⚠ unverified₹8 Cr-52%Jun 2026
Servotech Renewable Power System Ltd SERVOTECH₹8 Cr77%Jun 2026
Igarashi Motors India Ltd IGARASHI⚠ unverified₹7 Cr170%Jun 2026
Focus Lighting & Fixtures Ltd FOCUS₹3 Cr113%Mar 2026
Kirloskar Electric Company Ltd KECL⚠ unverified₹-1 Cr619%Mar 2026
Exicom Tele-Systems Ltd EXICOM₹-54 Cr-561%Mar 2026
Full 20-quarter history · every available company

Net profit · reported quarter history

Showing the 12 largest of 19 companies with a series here. The remaining 7 are complete in the plain-text rendition and the trace payload — nothing is dropped from the data, only from this grid.

Alpex Solar Ltd · ALPEXSOLAR⚠ unverified

—
—
—
—
—
—
—
—
—
₹5 Cr
₹6 Cr
₹1 Cr
₹24 Cr
₹23 Cr
₹35 Cr
₹42 Cr
₹53 Cr
₹54 Cr
₹53 Cr
—

Exicom Tele-Systems Ltd · EXICOM

—
—
—
₹-14 Cr
₹-14 Cr
₹6 Cr
₹28 Cr
₹10 Cr
₹18 Cr
₹9 Cr
₹27 Cr
₹18 Cr
₹-17 Cr
₹-49 Cr
₹-62 Cr
₹-83 Cr
₹-69 Cr
₹-68 Cr
₹-54 Cr
—

Honda India Power Products Ltd · HONDAPOWER⚠ unverified

—
—
—
—
₹42 Cr
₹32 Cr
₹6 Cr
₹17 Cr
₹31 Cr
₹28 Cr
₹16 Cr
₹16 Cr
₹9 Cr
₹19 Cr
₹36 Cr
₹9 Cr
₹11 Cr
₹17 Cr
₹27 Cr
₹11 Cr

HPL Electric & Power Ltd · HPL⚠ unverified

—
—
—
—
—
₹6 Cr
₹11 Cr
₹7 Cr
₹11 Cr
₹12 Cr
₹14 Cr
₹17 Cr
₹22 Cr
₹18 Cr
₹37 Cr
₹18 Cr
₹22 Cr
₹20 Cr
₹31 Cr
—

Insolation Energy Ltd · INA

—
—
—
₹2 Cr
₹2 Cr
₹3 Cr
₹3 Cr
₹8 Cr
₹8 Cr
₹20 Cr
₹20 Cr
₹31 Cr
₹31 Cr
₹19 Cr
₹42 Cr
₹40 Cr
₹40 Cr
₹51 Cr
₹70 Cr
—

Modern Insulators Ltd · MODINSULAT

—
—
—
—
₹5 Cr
₹10 Cr
₹12 Cr
₹4 Cr
₹6 Cr
₹10 Cr
₹16 Cr
₹8 Cr
₹13 Cr
₹9 Cr
₹9 Cr
₹15 Cr
₹17 Cr
₹24 Cr
₹24 Cr
—

Ravindra Energy Ltd · RELTD

₹27 Cr
₹-6 Cr
₹19 Cr
₹1 Cr
₹5 Cr
₹0 Cr
₹9 Cr
₹3 Cr
₹9 Cr
₹0 Cr
₹-63 Cr
₹6 Cr
₹1 Cr
₹2 Cr
₹13 Cr
₹23 Cr
₹31 Cr
₹15 Cr
₹13 Cr
—

Rishabh Instruments Ltd · RISHABH

—
—
—
₹8 Cr
₹8 Cr
₹18 Cr
₹15 Cr
₹8 Cr
₹22 Cr
₹7 Cr
₹2 Cr
₹3 Cr
₹4 Cr
₹8 Cr
₹6 Cr
₹20 Cr
₹22 Cr
₹21 Cr
₹20 Cr
—

Servotech Renewable Power System Ltd · SERVOTECH

—
—
—
—
—
₹4 Cr
₹6 Cr
₹4 Cr
₹3 Cr
₹1 Cr
₹3 Cr
₹4 Cr
₹11 Cr
₹9 Cr
₹8 Cr
₹5 Cr
₹0 Cr
₹16 Cr
₹11 Cr
₹8 Cr

Siemens Ltd · SIEMENS

—
—
—
—
—
₹463 Cr
₹472 Cr
₹456 Cr
₹572 Cr
₹506 Cr
₹803 Cr
₹578 Cr
₹831 Cr
₹615 Cr
₹582 Cr
₹423 Cr
₹485 Cr
₹278 Cr
₹370 Cr
—

Spectrum Electrical Industries Ltd · SPECTRUM

₹3 Cr
₹1 Cr
₹1 Cr
₹1 Cr
₹1 Cr
₹3 Cr
₹3 Cr
₹4 Cr
₹4 Cr
₹6 Cr
₹6 Cr
₹2 Cr
₹7 Cr
₹3 Cr
₹14 Cr
₹6 Cr
₹8 Cr
₹10 Cr
₹26 Cr
—

V-Guard Industries Ltd · VGUARD

₹59 Cr
₹53 Cr
₹90 Cr
₹53 Cr
₹44 Cr
₹39 Cr
₹53 Cr
₹64 Cr
₹59 Cr
₹58 Cr
₹76 Cr
₹99 Cr
₹63 Cr
₹60 Cr
₹91 Cr
₹74 Cr
₹65 Cr
₹57 Cr
₹112 Cr
₹130 Cr

Profit growth · reported quarter history

Showing the 12 largest of 19 companies with a series here. The remaining 7 are complete in the plain-text rendition and the trace payload — nothing is dropped from the data, only from this grid.

Alpex Solar Ltd · ALPEXSOLAR⚠ unverified

—
—
—
—
—
—
—
—
—
—
—
—
—
360%
483%
4,100%
121%
135%
51%
—

Exicom Tele-Systems Ltd · EXICOM

—
—
—
—
—
—
—
—
—
50%
-3.6%
80%
-194%
-644%
-330%
-561%
—
—
—
—

Honda India Power Products Ltd · HONDAPOWER⚠ unverified

—
—
—
—
—
—
—
—
-26%
-13%
167%
-5.9%
-71%
-32%
125%
-44%
22%
-11%
-25%
22%

HPL Electric & Power Ltd · HPL⚠ unverified

—
—
—
—
—
—
—
—
—
100%
27%
143%
100%
50%
164%
5.9%
0.0%
11%
-16%
—

Insolation Energy Ltd · INA

—
—
—
—
—
—
—
300%
300%
567%
567%
288%
288%
-5.0%
110%
29%
29%
168%
67%
—

Modern Insulators Ltd · MODINSULAT

—
—
—
—
—
—
—
—
20%
0.0%
33%
100%
117%
-10%
-44%
88%
31%
167%
167%
—

Ravindra Energy Ltd · RELTD

—
—
—
—
-81%
—
-53%
200%
80%
—
-800%
100%
-89%
—
—
283%
3,000%
650%
0.0%
—

Rishabh Instruments Ltd · RISHABH

—
—
—
—
—
—
—
0.0%
175%
-61%
-87%
-63%
-82%
14%
200%
567%
450%
163%
233%
—

Servotech Renewable Power System Ltd · SERVOTECH

—
—
—
—
—
—
—
—
—
-72%
-42%
9.5%
259%
728%
123%
1.3%
-97%
69%
45%
77%

Siemens Ltd · SIEMENS

—
—
—
—
—
—
—
—
—
9.3%
70%
27%
45%
22%
-28%
-27%
-42%
-55%
-36%
—

Spectrum Electrical Industries Ltd · SPECTRUM

—
—
—
-67%
-67%
200%
200%
300%
300%
100%
98%
-50%
75%
-50%
136%
200%
14%
233%
86%
—

V-Guard Industries Ltd · VGUARD

—
—
—
112%
-25%
-26%
-41%
21%
34%
49%
43%
55%
6.8%
3.5%
20%
-25%
3.2%
-5.0%
23%
76%
09 · compare level, then change

Return On Capital Employed

Alpex Solar Ltd has the highest ROCE among the 19 Capital Goods - Electric General companies compared here, at 43.5%. Modison Ltd is next at 31%. Modison Ltd has the highest ROCE change at +22 percentage points, so level and change sit with different companies. 19 of 19 companies report a comparable reading, the latest through Mar 2026.

What the numbers say: Alpex Solar Ltd leads ROCE at 43.5%, 12.5 percentage points above Modison Ltd. Modison Ltd has the strongest latest improvement at +22 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.

LeaderAlpex Solar Ltd · 43.5%
Gap40.3% versus #2 · Modison Ltd
Persistence4/5 recent comparable periods
Coverage19/19 companies · 217 observations

Investor read: Alpex Solar 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
1Alpex Solar Ltd ALPEXSOLAR⚠ unverified44%
2Modison Ltd MODISONLTD⚠ unverified31%
3Siemens Ltd SIEMENS21%
4Modern Insulators Ltd MODINSULAT19%
5V-Guard Industries Ltd VGUARD18%
ROCE changefastest improvers
1Modison Ltd MODISONLTD⚠ unverified+22.0 pp
2Kirloskar Electric Company Ltd KECL⚠ unverified+13.4 pp
3Modern Insulators Ltd MODINSULAT+10.0 pp
4Rishabh Instruments Ltd RISHABH+8.1 pp
5Ravindra Energy Ltd RELTD+4.5 pp
Return on capital · company comparison
19/19 level · 19/19 change

Withheld from this chart: Siemens Ltd (SIEMENS) — its two data sources disagree by up to 38% on reported income across 13 comparable periods, so its derived ratios are withheld; Servotech Renewable Power System Ltd (SERVOTECH) — its two data sources disagree by up to 13% 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
CompanyROCEROCE changeReported
Modison Ltd MODISONLTD⚠ unverified39%+22.0 ppMar 2026
Alpex Solar Ltd ALPEXSOLAR⚠ unverified35%−13.5 ppMar 2026
Kirloskar Electric Company Ltd KECL⚠ unverified22%+13.4 ppMar 2026
HPL Electric & Power Ltd HPL⚠ unverified19%−2.9 ppMar 2026
Insolation Energy Ltd INA19%−4.8 ppMar 2026
Salzer Electronics Ltd SALZERELEC⚠ unverified18%−0.7 ppJun 2026
Spectrum Electrical Industries Ltd SPECTRUM18%+1.7 ppMar 2026
V-Guard Industries Ltd VGUARD16%−2.2 ppJun 2026
Rishabh Instruments Ltd RISHABH11%+8.1 ppMar 2026
Ravindra Energy Ltd RELTD10%+4.5 ppMar 2026
Swelect Energy Systems Ltd SWELECTES⚠ unverified8.0%+3.2 ppMar 2026
IKIO Technologies Ltd IKIO⚠ unverified7.4%+1.4 ppJun 2026
Honda India Power Products Ltd HONDAPOWER⚠ unverified7.3%−0.4 ppJun 2026
Igarashi Motors India Ltd IGARASHI⚠ unverified6.2%−2.7 ppJun 2026
Exicom Tele-Systems Ltd EXICOM-20%−11.8 ppMar 2026
Full 20-quarter history · every available company

ROCE · reported quarter history

Showing the 12 largest of 15 companies with a series here. The remaining 3 are complete in the plain-text rendition and the trace payload — nothing is dropped from the data, only from this grid.

Alpex Solar Ltd · ALPEXSOLAR⚠ unverified

—
—
—
—
—
—
—
13%
25%
—
25%
—
33%
42%
48%
93%
40%
74%
35%
—

Exicom Tele-Systems Ltd · EXICOM

—
—
—
—
—
—
18%
—
24%
30%
14%
22%
6.7%
3.3%
-8.4%
-17%
-19%
-21%
-20%
—

Honda India Power Products Ltd · HONDAPOWER⚠ unverified

12%
—
12%
—
14%
—
16%
19%
14%
15%
9.8%
16%
5.7%
10%
7.7%
12%
8.2%
13%
7.3%
—

HPL Electric & Power Ltd · HPL⚠ unverified

9.0%
—
9.2%
—
13%
—
14%
—
15%
17%
16%
19%
19%
20%
22%
23%
20%
22%
19%
—

Igarashi Motors India Ltd · IGARASHI⚠ unverified

10%
—
1.3%
—
-2.1%
—
3.6%
—
5.4%
6.1%
5.0%
7.2%
8.4%
9.9%
8.9%
7.5%
6.7%
5.7%
6.2%
—

IKIO Technologies Ltd · IKIO⚠ unverified

—
—
—
—
—
32%
49%
—
17%
28%
14%
25%
11%
12%
6.0%
6.7%
3.8%
6.9%
7.4%
—

Insolation Energy Ltd · INA

—
—
—
9.5%
19%
13%
18%
22%
30%
41%
56%
53%
66%
—
24%
21%
23%
—
19%
—

Ravindra Energy Ltd · RELTD

2.0%
—
0.7%
—
6.2%
—
8.1%
—
6.2%
12%
9.6%
-7.9%
9.4%
-11%
5.9%
12%
11%
19%
10%
—

Rishabh Instruments Ltd · RISHABH

—
—
—
—
5.4%
—
14%
—
13%
13%
7.3%
9.0%
2.2%
5.9%
3.2%
8.6%
8.1%
13%
11%
—

Salzer Electronics Ltd · SALZERELEC⚠ unverified

14%
—
13%
—
15%
—
18%
—
18%
21%
19%
22%
20%
26%
19%
25%
19%
20%
18%
—

Spectrum Electrical Industries Ltd · SPECTRUM

16%
15%
13%
12%
11%
12%
13%
17%
19%
15%
18%
—
17%
20%
16%
23%
19%
28%
18%
—

V-Guard Industries Ltd · VGUARD

25%
—
20%
—
19%
—
12%
—
14%
19%
16%
20%
19%
20%
18%
18%
16%
17%
16%
—

ROCE change · reported quarter history

Showing the 12 largest of 15 companies with a series here. The remaining 3 are complete in the plain-text rendition and the trace payload — nothing is dropped from the data, only from this grid.

Alpex Solar Ltd · ALPEXSOLAR⚠ unverified

—
—
—
—
—
—
—
—
—
—
—
—
+7.8 pp
—
+23.6 pp
—
+7.2 pp
+32.0 pp
−13.5 pp
—

Exicom Tele-Systems Ltd · EXICOM

—
—
—
—
—
—
—
—
—
—
−3.7 pp
—
−17.4 pp
−26.8 pp
−22.3 pp
−39.1 pp
−25.5 pp
−24.0 pp
−11.8 pp
—

Honda India Power Products Ltd · HONDAPOWER⚠ unverified

—
—
—
—
+1.7 pp
—
+3.7 pp
—
0.0 pp
—
−5.7 pp
−2.8 pp
−8.3 pp
−5.1 pp
−2.1 pp
−4.1 pp
+2.5 pp
+2.6 pp
−0.4 pp
—

HPL Electric & Power Ltd · HPL⚠ unverified

—
—
—
—
+4.0 pp
—
+4.3 pp
—
+1.6 pp
—
+2.6 pp
—
+3.9 pp
+3.2 pp
+6.0 pp
+3.9 pp
+1.9 pp
+2.5 pp
−2.9 pp
—

Igarashi Motors India Ltd · IGARASHI⚠ unverified

—
—
—
—
−12.1 pp
—
+2.3 pp
—
+7.5 pp
—
+1.4 pp
—
+3.0 pp
+3.8 pp
+3.9 pp
+0.3 pp
−1.7 pp
−4.2 pp
−2.7 pp
—

IKIO Technologies Ltd · IKIO⚠ unverified

—
—
—
—
—
—
—
—
—
−3.5 pp
−34.5 pp
—
−6.1 pp
−16.7 pp
−8.1 pp
−18.4 pp
−7.5 pp
−4.6 pp
+1.4 pp
—

Insolation Energy Ltd · INA

—
—
—
—
—
—
—
+12.7 pp
+11.1 pp
+27.4 pp
+37.7 pp
+30.3 pp
+36.1 pp
—
−32.1 pp
−31.1 pp
−42.8 pp
—
−4.8 pp
—

Ravindra Energy Ltd · RELTD

—
—
—
—
+4.2 pp
—
+7.4 pp
—
0.0 pp
—
+1.5 pp
—
+3.2 pp
−22.4 pp
−3.7 pp
+19.8 pp
+1.2 pp
+29.8 pp
+4.5 pp
—

Rishabh Instruments Ltd · RISHABH

—
—
—
—
—
—
—
—
+7.7 pp
—
−6.2 pp
—
−10.9 pp
−7.3 pp
−4.1 pp
−0.4 pp
+5.9 pp
+6.9 pp
+8.1 pp
—

Salzer Electronics Ltd · SALZERELEC⚠ unverified

—
—
—
—
+1.7 pp
—
+5.1 pp
—
+2.6 pp
—
+0.8 pp
—
+1.6 pp
+4.7 pp
0.0 pp
+2.8 pp
−0.5 pp
−5.4 pp
−0.7 pp
—

Spectrum Electrical Industries Ltd · SPECTRUM

—
—
—
—
−4.9 pp
−2.5 pp
0.0 pp
+5.2 pp
+8.4 pp
+3.3 pp
+5.1 pp
—
−2.0 pp
+5.0 pp
−2.5 pp
—
+1.8 pp
+7.3 pp
+1.7 pp
—

V-Guard Industries Ltd · VGUARD

—
—
—
—
−5.5 pp
—
−7.5 pp
—
−5.7 pp
—
+4.0 pp
—
+5.6 pp
+0.9 pp
+2.0 pp
−2.1 pp
−3.6 pp
−3.1 pp
−2.2 pp
—
10 · compare level, then change

Valuation Against Growth & Quality

Insolation Energy Ltd has the lowest PEG among the 19 Capital Goods - Electric General companies compared here, at 0.15×. Ravindra Energy Ltd is next at 1.97×. Alpex Solar Ltd has the lowest P/E at 10.2×, so level and change sit with different companies. 4 of 19 companies report a comparable reading, the latest through Mar 2026.

What the numbers say: Insolation Energy Ltd has the lowest comparable PEG at 0.15×, 92.4% below Ravindra Energy Ltd. Only 4 of 19 companies have earnings and growth steady enough for the ratio to mean anything, so no broad “cheapest stock” conclusion is defensible unless the current multiple, own-history position and growth durability agree.

LeaderInsolation Energy Ltd · 0.15×
Gap92.4% versus #2 · Ravindra Energy Ltd
Persistence0/8 recent comparable periods
Coverage4/19 companies · 22 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 feeds agreed. Where any of that fails the ratio is left out rather than printed: a P/E divided by a loss, or by growth measured off a tiny base, is a number that looks precise and means nothing.
PEGlowest PEG
1Insolation Energy Ltd INA0.2
2Ravindra Energy Ltd RELTD2.0
3V-Guard Industries Ltd VGUARD2.5
4Spectrum Electrical Industries Ltd SPECTRUM9.1
P/Elowest P/E
1Alpex Solar Ltd ALPEXSOLAR⚠ unverified10.2
2Modison Ltd MODISONLTD⚠ unverified11.5
3Swelect Energy Systems Ltd SWELECTES⚠ unverified21.4
4Insolation Energy Ltd INA22.7
5HPL Electric & Power Ltd HPL⚠ unverified23.2
Valuation · company comparison
4/19 level · 18/19 change
All-company data · latest reported quarter
CompanyPEGP/EReported
Spectrum Electrical Industries Ltd SPECTRUM9.162.1Mar 2026
V-Guard Industries Ltd VGUARD2.541.3Jun 2026
Ravindra Energy Ltd RELTD2.025.6Mar 2026
Exicom Tele-Systems Ltd EXICOM0.679.5Mar 2026
Insolation Energy Ltd INA0.29.0Mar 2026
Siemens Ltd SIEMENS—67.0Mar 2026
Rishabh Instruments Ltd RISHABH—21.0Mar 2026
Modern Insulators Ltd MODINSULAT—16.3Mar 2026
HPL Electric & Power Ltd HPL⚠ unverified—17.4Mar 2026
Honda India Power Products Ltd HONDAPOWER⚠ unverified—31.2Jun 2026
Alpex Solar Ltd ALPEXSOLAR⚠ unverified—22.6Mar 2026
Servotech Renewable Power System Ltd SERVOTECH—66.1Jun 2026
IKIO Technologies Ltd IKIO⚠ unverified—31.9Jun 2026
Igarashi Motors India Ltd IGARASHI⚠ unverified—122.7Jun 2026
Salzer Electronics Ltd SALZERELEC⚠ unverified—21.5Jun 2026
Swelect Energy Systems Ltd SWELECTES⚠ unverified—13.8Mar 2026
Kirloskar Electric Company Ltd KECL⚠ unverified—30.2Mar 2026
Modison Ltd MODISONLTD⚠ unverified—10.3Mar 2026
Focus Lighting & Fixtures Ltd FOCUS—109.1Mar 2026
Full 20-quarter history · every available company

PEG · reported quarter history

Exicom Tele-Systems Ltd · EXICOM

—
—
—
—
—
—
—
—
—
—
—
0.6
—
—
—
—
—
—
—
—

Insolation Energy Ltd · INA

—
—
—
—
—
—
—
—
—
—
—
—
—
—
—
1.9
1.3
—
0.2
—

Ravindra Energy Ltd · RELTD

—
—
0.8
—
—
—
—
—
—
—
—
2.0
—
—
—
—
—
—
—
—

Spectrum Electrical Industries Ltd · SPECTRUM

0.6
—
—
0.4
0.4
—
—
12.2
17.4
—
—
—
—
—
—
—
9.1
—
—
—

V-Guard Industries Ltd · VGUARD

1.1
—
1.9
3.2
1.5
—
5.0
—
—
—
—
2.0
1.5
1.6
1.9
2.5
—
—
—
—

P/E · reported quarter history

Showing the 12 largest of 19 companies with a series here. The remaining 7 are complete in the plain-text rendition and the trace payload — nothing is dropped from the data, only from this grid.

Alpex Solar Ltd · ALPEXSOLAR⚠ unverified

—
—
—
—
—
—
—
—
—
—
30.5
95.9
84.4
52.9
35.1
67.6
78.1
23.9
22.6
—

Exicom Tele-Systems Ltd · EXICOM

—
—
—
—
—
—
—
—
—
—
18.2
27.1
52.6
84.1
79.5
—
—
—
—
—

Honda India Power Products Ltd · HONDAPOWER⚠ unverified

15.8
18.4
16.7
19.3
25.5
26.2
21.5
23.5
26.4
25.1
24.1
42.5
46.3
44.4
36.3
37.3
38.3
31.1
23.9
31.2

HPL Electric & Power Ltd · HPL⚠ unverified

46.8
60.5
49.6
47.4
13.3
18.2
16.8
28.0
45.0
45.0
49.5
64.7
67.7
53.5
37.8
37.0
31.3
27.0
17.4
—

Insolation Energy Ltd · INA

—
—
—
—
—
28.2
24.6
16.8
38.5
41.1
61.5
88.2
69.6
77.5
46.7
43.9
29.2
17.3
9.0
—

Modern Insulators Ltd · MODINSULAT

6.6
7.3
7.6
7.9
15.0
12.3
7.4
8.4
11.0
13.9
11.3
16.5
16.1
15.1
10.6
14.0
13.3
18.7
16.3
—

Ravindra Energy Ltd · RELTD

74.5
18.7
18.6
19.3
21.7
43.2
27.3
46.1
56.9
41.0
54.6
83.4
270.3
240.9
104.3
84.8
60.0
39.5
25.6
—

Rishabh Instruments Ltd · RISHABH

—
—
—
—
—
—
—
—
31.6
30.4
28.5
40.6
41.0
71.6
44.4
48.1
39.6
26.4
21.0
—

Servotech Renewable Power System Ltd · SERVOTECH

—
126.2
153.0
28.8
92.5
83.7
58.1
149.5
111.9
94.6
114.1
160.3
325.0
175.4
95.7
100.3
83.1
75.6
51.6
66.1

Siemens Ltd · SIEMENS

39.4
44.4
44.8
46.2
47.3
45.8
46.0
47.5
42.3
41.9
57.5
75.4
72.0
66.2
54.7
66.0
64.8
66.6
67.0
—

Spectrum Electrical Industries Ltd · SPECTRUM

14.4
7.3
13.4
11.4
13.0
23.8
98.0
125.3
178.9
158.2
180.8
182.8
144.4
161.1
146.4
100.4
73.6
63.6
62.1
—

V-Guard Industries Ltd · VGUARD

49.7
41.4
45.6
41.3
41.0
47.0
47.7
64.5
66.5
58.8
61.4
72.6
66.3
61.1
51.8
53.6
55.9
49.1
45.6
41.3
11 · before the conclusion, check the blind spots

What can make this comparison misleading?

This Capital Goods - Electric General comparison names 6 specific ways its own evidence can mislead, all listed below. All 19 companies here report on comparable dates, so no rank carries a stale marker. 9 draw at least one figure from a second feed with too little overlap to cross-check. 2 have second-feed figures withheld because the two sources disagree.

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.
  • 9 companies draw at least one figure from a second data feed with too little overlapping history to cross-check against the primary source; they are marked unverified wherever those figures appear.
  • 2 companies are 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.
12 · evidence and freshness

How was this comparison built?

This comparison is built from the reported filings of 19 Capital Goods - Electric General companies, normalized to a common ₹ scale and a shared quarter axis of up to 20 quarters each. Fundamentals run through Jun 2026 and market data through 2026-08-07.

FundamentalsThrough Jun 2026 · up to 20 quarters per company
Market dataThrough 2026-08-07 · weekly price and relative-strength history
Derived metricsGrowth, changes and PEG 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 standing6 cross-checked · 11 unverified · 2 withheld, of 19 graded companies.
How a second data feed is admitted, and what happens when it disagrees

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.

13 · questions investors ask, short speakable answers

Capital Goods - Electric General company comparison FAQs

These 24 answers restate the Capital Goods - Electric General comparison above in question form. Every one is computed from the same 19 companies and the same reported filings as the rankings and charts, current through Jun 2026. Price and relative-strength answers run through 2026-08-07. Nothing here is estimated, and none of it is a recommendation.

Is the Capital Goods - Electric General sector outperforming NIFTY 500?

Capital Goods - Electric General has outperformed NIFTY 500 by 11.6% over 52 weeks and 4.8% over 13 weeks. 10 of 19 covered companies beat NIFTY on Mansfield relative strength, while 8 of 18 beat the sector itself.

Which Capital Goods - Electric General company is largest by revenue?

Siemens Ltd leads with revenue of ₹17,696 crore, based on 19 of 19 comparable companies through Mar 2026.

Which Capital Goods - Electric General company is growing fastest?

Alpex Solar Ltd has the fastest current revenue growth at 100%, across 19 of 19 comparable companies.

Which Capital Goods - Electric General company has the strongest 4-Factor Sector Score?

Modison Ltd ranks first at 79.3/100 with 82.8% evidence confidence. The score prioritizes research; it is not a buy recommendation.

Which Capital Goods - Electric General company has the lowest comparable PEG?

Insolation Energy Ltd has the lowest comparable PEG at 0.15, among 4 of 19 companies whose earnings and growth are steady enough for the ratio to mean anything.

How much history does this Capital Goods - Electric General comparison include?

The page compares up to 20 reported quarters per company for fundamentals, returns and valuation, ending Jun 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.

Is there a Nifty Capital Goods - Electric General index?

NSE India maintains Nifty indices for several broad sector categories — Nifty Bank, Nifty IT, Nifty Pharma and others — but not for every sub-sector grouping on this site. Whether or not an official Nifty index covers Capital Goods - Electric General, this page builds its own equal-weight basket of 19 listed Capital Goods - Electric General companies — one company, one vote, regardless of market value — so no single large company dominates the reading. Figures are as of Jun 2026.

Which are the best Capital Goods - Electric General stocks in India?

Ranked by this page's four-factor score, Modison Ltd places first among 19 listed Capital Goods - Electric General companies, followed by Rishabh Instruments Ltd. That is a ranking of published data — earnings, quality, valuation and market behaviour as of Jun 2026 — and not a recommendation; Sector Alpha is not registered with SEBI as an investment adviser.

How many Capital Goods - Electric General stocks are listed in India?

This comparison covers 19 listed Capital Goods - Electric General 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 Jun 2026.

Which Capital Goods - Electric General company is the biggest?

Siemens Ltd is the largest, with trailing-twelve-month revenue of ₹17,696 crore, ahead of V-Guard Industries Ltd at ₹6,311 crore. That covers 19 of 19 companies with comparable reporting through Mar 2026.

Which Capital Goods - Electric General company has the best profit margins?

Modison Ltd has the highest operating margin at 25%, from 19 of 19 comparable companies. Modison Ltd shows the biggest recent improvement, at +13 percentage points. A high margin matters most when it is holding or rising, not when it is peaking.

Which Capital Goods - Electric General company makes the most profit?

Siemens Ltd earns the most, at ₹1,556 crore of trailing-twelve-month net profit, from 19 of 19 comparable companies. Alpex Solar Ltd has the fastest profit growth at the ≥100% scoring cap, though growth off a small or recovering profit base overstates how much has actually changed.

Which Capital Goods - Electric General company earns the highest return on capital?

Alpex Solar Ltd leads on return on capital employed at 43.5%, across 19 of 19 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 Capital Goods - Electric General stock is the cheapest?

On PEG — where a LOWER number is cheaper — Insolation Energy Ltd screens cheapest at 0.15×. Only 4 of 19 companies have earnings and growth steady enough for the ratio to mean anything, 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.

Is the Capital Goods - Electric General sector beating the market?

Capital Goods - Electric General has outperformed NIFTY 500 by 11.6% over the last 52 weeks and 4.8% over 13 weeks, measured on an equal-weight index of its current members. Inside the sector, 10 of 19 covered companies are beating the market on their own. Sector strength does not transfer evenly to every stock in it.

Which Capital Goods - Electric General stock has the strongest price momentum?

Modern Insulators 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 Capital Goods - Electric General company scores highest for research priority?

Modison Ltd scores 79.3 out of 100 with 82.8% evidence confidence, from 29 points on growth and earnings, 18.9 on capital efficiency, 12.9 on valuation and 18.5 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 Capital Goods - Electric General companies does this comparison cover, and over what period?

It compares 19 listed companies over up to 20 reported quarters of fundamentals, ending Jun 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 Capital Goods - Electric General sector?

The 19 Capital Goods - Electric General companies on this page carry ₹1,86,670 crore of combined market value. Siemens Ltd is the largest at ₹1,40,315 crore, about 75% of the sector's total on its own. Market value moves with price, so this reading is dated 2026-08-13.

What is the Capital Goods - Electric General sector's P/E ratio?

The median price-to-earnings ratio across the 19 Capital Goods - Electric General companies on this page is 33.9×, measured on the 18 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 2026-08-13.

How is the Capital Goods - Electric General sector performing?

10 of the 19 covered Capital Goods - Electric General companies are beating NIFTY 500 on Mansfield relative strength. The sector itself is 11.6% ahead of NIFTY 500 over 52 weeks on an equal-weight index of its current members. Readings are as of 2026-08-13.

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.

Chat with this pageChat with pageChatChatGPTClaudePerplexityGoogle AI