Capital Goods - Electric General — sector analysis & key numbers
Capital Goods - Electric General is expansion: 9 of 19 constituents are in price uptrends, and aggregate profit grew 31% in the latest year.
Capital Goods - Electric General groups 19 listed companies worth ₹1,75,299 Cr combined, and 9 of 19 are in confirmed price uptrends. Aggregate profit moved −6.9% year-on-year in the latest reported quarter. The sector trades at an aggregate P/E of 53.1×, at the 49th percentile of its own history.
Data as of 1 July 2026 · every number traces to its Screener source column · not investment advice.
- Companies
- 19
- Total market cap
- ₹1,75,299 Cr
- Relative strength
- 60
- RRG quadrant
- broadening
- Weeks in streak
- 12
- In Stage-2 uptrend
- 9 of 19
- Above 200-DMA
- 11 of 19
- Beating NIFTY 500
- 11 of 19
- Latest-quarter revenue
- ₹11,630 Cr
- Latest-quarter profit
- ₹782 Cr
- Aggregate P/E
- 53.1×
- Valuation percentile
- 49th of its own history
- Sector wind
- tailwind
- Data as of
- 1 July 2026
The research read on Capital Goods - Electric General: expansion.lifecycle_bucket
The curve presents a fully-priced re rated expensive setup, with normalized PE at the 95th percentile and margins running hot at the 75th percentile. The fundamental thesis (power/grid capex super-cycle) is real, but it is now fully reflected in the multiple, and the move is dangerously narrow (only 17% of constituents advancing). Qualitative analysis confirms the demand but flags severe margin fragility from commodity inflation (copper/gas) and discrete write-downs. Capital flows warn of a supply flood (capex +100% YoY). The broad, euphoric social sentiment is a lagging indicator of macro themes.synthesis
What would change this view: A structural collapse in copper and gas prices that violently expands margins, allowing earnings to outpace the currently extreme multiple without requiring further valuation expansion.would_change_my_mind
A genuine multi-year electrical-capex up-cycle (Crisil 12-14% FY27 growth, order books ₹5.2 lakh cr, book-to-bill 3.7x) with solar/grid/BLDC premiumization tailwinds, but copper +40% and gas +2.5x cost-push plus FAME/regulatory shocks are gutting margins — record demand, ruined margins.one_line_thesis
- ⚠Trailing PE in 85th percentile, normalized PE in 95th percentile · sector_cycle_deterministic
- ⚠ΣPAT grew +52.5% · sector_cycle_deterministic
- ✓Only 17% of constituents advancing · curve.breadth
- ✓Capex surged +100% YoY · capital_flows.capex_yoy_pct
- ⚠Aggregate OPM at 75th percentile · sector_cycle_deterministic
- ⚠SIEMENS lifted ΣPAT · sector_cycle_deterministic.top_contributors
- ⚠EXICOM dragged ΣPAT · sector_cycle_deterministic.top_contributors
- ⚠ALPEXSOLAR lifted ΣPAT · sector_cycle_deterministic.top_contributors
Research view from 2026-06-27
9 of 19 constituents are in Stage-2 price uptrends, 11 trade above their 200-day averages, and 11 are beating the NIFTY 500 on relative strength.stageabove_dma200rs_mansfield
Over the trailing ~20 weeks, the share of constituents above the 200-day line moved from 18% to 61% — participation is widening.breadth_series
Sector relative strength stands at 60, in the broadening quadrant of the rotation map, with relative strength falling over a 12-week streak.current_rsquadrant
Recent stage changes: EXICOM (stage 4→2), FOCUS (stage 4→2), MODISONLTD (stage 4→2), SERVOTECH (stage 4→1).stage
Data: Breadth trend
| Period | % above 200-DMA (%) | % beating NIFTY (%) |
|---|---|---|
| Feb 26 | 17.6 | 17.6 |
| Feb 26 | 23.5 | 23.5 |
| Feb 26 | 29.4 | 29.4 |
| Mar 26 | 23.5 | 17.6 |
| Mar 26 | 23.5 | 23.5 |
| Mar 26 | 17.6 | 23.5 |
| Mar 26 | 11.8 | 23.5 |
| Mar 26 | 30.0 | 40.0 |
| Apr 26 | 27.3 | 27.3 |
| Apr 26 | 36.8 | 31.6 |
| Apr 26 | 36.8 | 36.8 |
| Apr 26 | 42.1 | 36.8 |
| May 26 | 63.2 | 42.1 |
| May 26 | 47.4 | 36.8 |
| May 26 | 47.4 | 42.1 |
| May 26 | 63.2 | 47.4 |
| Jun 26 | 55.6 | 55.6 |
| Jun 26 | 50.0 | 44.4 |
| Jun 26 | 66.7 | 50.0 |
| Jun 26 | 61.1 | 55.6 |
Data as of 2026-07-01
Top performers by 1-year price return: Modern Insulators Ltd (+405.9%), Rishabh Instruments Ltd (+105.4%), Modison Ltd (+73.8%), Spectrum Electrical Industries Ltd (+28.9%), Ravindra Energy Ltd (+25%).price
Data: Indexed price (base 100, ~52 weeks) — default top-5
| Period | MODINSULAT (index) | RISHABH (index) | MODISONLTD (index) | SPECTRUM (index) | RELTD (index) | Sector avg (index) |
|---|---|---|---|---|---|---|
| Jul 25 | 100 | 100 | 100 | 100 | 100 | 100 |
| Jul 25 | 102 | 101 | 104 | 99.0 | 104 | 102 |
| Jul 25 | 94.9 | 96.3 | 104 | 100 | 109 | 101 |
| Aug 25 | 93.8 | 96.6 | 97.9 | 103 | 111 | 98.8 |
| Aug 25 | 90.7 | 98.7 | 91.9 | 95.1 | 111 | 95.7 |
| Aug 25 | 105 | 121 | 92.5 | 95.1 | 109 | 97.8 |
| Aug 25 | 113 | 145 | 93.6 | 93.3 | 111 | 102 |
| Aug 25 | 107 | 140 | 90.5 | 97.2 | 110 | 98.1 |
| Sep 25 | 108 | 161 | 93.8 | 91.4 | 112 | 101 |
| Sep 25 | 107 | 144 | 92.9 | 91.0 | 123 | 104 |
| Sep 25 | 117 | 140 | 93.2 | 88.8 | 142 | 106 |
| Sep 25 | 115 | 134 | 93.1 | 87.9 | 127 | 101 |
| Oct 25 | 121 | 140 | 94.6 | 85.8 | 128 | 102 |
| Oct 25 | 116 | 132 | 94.3 | 85.7 | 119 | 102 |
| Oct 25 | 131 | 129 | 90.0 | 84.2 | 111 | 99.4 |
| Oct 25 | 160 | 129 | 89.8 | 85.3 | 111 | 101 |
| Oct 25 | 153 | 138 | 87.4 | 97.8 | 128 | 102 |
| Nov 25 | 166 | 126 | 82.1 | 89.4 | 126 | 99.5 |
| Nov 25 | 164 | 134 | 87.7 | 99.3 | 136 | 101 |
| Nov 25 | 176 | 142 | 83.9 | 73.8 | 126 | 96.6 |
| Nov 25 | 171 | 144 | 82.3 | 85.7 | 117 | 95.9 |
| Dec 25 | 165 | 138 | 88.4 | 72.6 | 120 | 92.0 |
| Dec 25 | 150 | 135 | 81.4 | 77.7 | 129 | 89.8 |
| Dec 25 | 172 | 129 | 78.3 | 77.2 | 128 | 89.7 |
| Dec 25 | 198 | 132 | 83.2 | 77.4 | 129 | 92.3 |
| Jan 26 | 217 | 147 | 93.2 | 78.0 | 122 | 95.2 |
| Jan 26 | 208 | 125 | 88.1 | 68.7 | 110 | 88.2 |
| Jan 26 | 212 | 122 | 88.1 | 74.2 | 116 | 87.3 |
| Jan 26 | 184 | 113 | 86.3 | 75.8 | 112 | 81.1 |
| Feb 26 | 204 | 134 | 85.7 | 81.7 | 115 | 85.4 |
| Feb 26 | 242 | 148 | 90.4 | 79.9 | 117 | 91.1 |
| Feb 26 | 293 | 148 | 84.5 | 87.2 | 117 | 95.2 |
| Feb 26 | 264 | 147 | 82.2 | 84.2 | 113 | 91.7 |
| Feb 26 | 240 | 141 | 79.6 | 92.8 | 114 | 89.4 |
| Mar 26 | 240 | 130 | 75.6 | 91.0 | 108 | 85.7 |
| Mar 26 | 237 | 132 | 68.5 | 93.8 | 105 | 84.0 |
| Mar 26 | 225 | 131 | 72.3 | 92.2 | 103 | 83.5 |
| Mar 26 | 224 | 126 | 68.3 | 94.3 | 96.9 | 80.7 |
| Apr 26 | 243 | 131 | 72.4 | 89.8 | – | 93.1 |
| Apr 26 | 275 | 149 | 80.8 | 78.4 | – | 103 |
| Apr 26 | 297 | 157 | 84.9 | 76.9 | 108 | 101 |
| Apr 26 | 336 | 165 | 84.2 | 72.6 | 109 | 103 |
| Apr 26 | 351 | 159 | 96.8 | 77.2 | 108 | 106 |
| May 26 | 381 | 178 | 95.7 | 80.1 | 105 | 110 |
| May 26 | 369 | 162 | 93.5 | 92.4 | 94.9 | 104 |
| May 26 | 415 | 175 | 101 | 90.8 | 97.3 | 110 |
| May 26 | 456 | 179 | 165 | 92.4 | 96.6 | 116 |
| Jun 26 | 390 | 173 | 210 | 113 | 97.0 | 115 |
| Jun 26 | 417 | 188 | 175 | 102 | 106 | 115 |
| Jun 26 | 524 | 196 | 188 | 116 | 133 | 126 |
| Jun 26 | 555 | 192 | 186 | 115 | 125 | 126 |
| Jul 26 | 519 | 198 | 170 | 123 | 128 | 125 |
Data: Quarterly revenue (8q) — default top-5
| Period | MODINSULAT (₹ Cr) | RISHABH (₹ Cr) | MODISONLTD (₹ Cr) | SPECTRUM (₹ Cr) | RELTD (₹ Cr) | Sector avg (₹ Cr) |
|---|---|---|---|---|---|---|
| Jun 24 | 104 | 169 | 116 | 75.0 | 23.0 | 429 |
| Sep 24 | 115 | 182 | 122 | 87.0 | 16.0 | 480 |
| Dec 24 | 125 | 181 | 121 | 71.0 | 53.0 | 402 |
| Mar 25 | 160 | 187 | 130 | 169 | 159 | 491 |
| Jun 25 | 141 | 190 | 134 | 85.0 | 163 | 495 |
| Sep 25 | 176 | 196 | 145 | 118 | 120 | 530 |
| Dec 25 | 199 | 184 | 144 | 125 | 127 | 504 |
| Mar 26 | 203 | 205 | 287 | 283 | 133 | 612 |
Data: Quarterly net profit (8q) — default top-5
| Period | MODINSULAT (₹ Cr) | RISHABH (₹ Cr) | MODISONLTD (₹ Cr) | SPECTRUM (₹ Cr) | RELTD (₹ Cr) | Sector avg (₹ Cr) |
|---|---|---|---|---|---|---|
| Jun 24 | 8.0 | 3.0 | 1.0 | 2.0 | 6.0 | 44.8 |
| Sep 24 | 13.0 | 4.0 | 8.0 | 7.0 | 1.0 | 58.1 |
| Dec 24 | 9.0 | 8.0 | 6.0 | 3.0 | 2.0 | 40.0 |
| Mar 25 | 9.0 | 6.0 | 10.0 | 14.0 | 13.0 | 44.2 |
| Jun 25 | 15.0 | 20.0 | 5.0 | 6.0 | 23.0 | 33.4 |
| Sep 25 | 17.0 | 22.0 | 12.0 | 8.0 | 31.0 | 39.5 |
| Dec 25 | 24.0 | 21.0 | 20.0 | 10.0 | 15.0 | 29.3 |
| Mar 26 | 24.0 | 20.0 | 36.0 | 26.0 | 13.0 | 41.2 |
Data: Operating margin % (8q) — default top-5
| Period | MODINSULAT (%) | RISHABH (%) | MODISONLTD (%) | SPECTRUM (%) | RELTD (%) | Sector avg (%) |
|---|---|---|---|---|---|---|
| Jun 24 | 5.0 | 4.0 | 7.0 | 13.0 | 32.0 | 11.7 |
| Sep 24 | 4.0 | 6.0 | 8.0 | 9.0 | 4.0 | 9.0 |
| Dec 24 | 8.0 | 8.0 | 9.0 | 15.0 | 13.0 | 9.5 |
| Mar 25 | 11.0 | 9.0 | 12.0 | 15.0 | 17.0 | 10.3 |
| Jun 25 | 9.0 | 15.0 | 6.0 | 14.0 | 17.0 | 9.6 |
| Sep 25 | 11.0 | 17.0 | 13.0 | 13.0 | 31.0 | 11.5 |
| Dec 25 | 16.0 | 17.0 | 13.0 | 15.0 | 25.0 | 12.2 |
| Mar 26 | 16.0 | 16.0 | 25.0 | 16.0 | 25.0 | 13.0 |
Data: Latest reported ROCE / ROE (single latest reading, not a trend) — default top-5
| Period | MODINSULAT (%) | RISHABH (%) | MODISONLTD (%) | SPECTRUM (%) | RELTD (%) | Sector avg (%) |
|---|---|---|---|---|---|---|
| ROCE % | 19.4 | 14.5 | 30.9 | 16.8 | 15.9 | 14.9 |
| ROE % | 15.8 | 12.0 | 32.0 | 20.4 | 21.2 | 12.9 |
Data: 10-year valuation percentile (latest) — default top-5
| Period | MODINSULAT (percentile) | RISHABH (percentile) | MODISONLTD (percentile) | SPECTRUM (percentile) | RELTD (percentile) | Sector avg (percentile) |
|---|---|---|---|---|---|---|
| 10y percentile | 96.0 | 15.0 | 28.0 | 48.0 | 54.0 | 45.6 |
Interactive charts default to the five strongest performers by 1-year price return; use the rail to add or remove any constituent, globally or per chart. Non-interactive readers see the same numbers in each chart’s data table.
Data as of 2026-07-01
In the latest reported quarter (2026-03), constituents together booked ₹11,630 Cr of revenue (+24.6% year-on-year) and ₹782 Cr of profit (-6.9%).revenuepat
On the annual arc, aggregate profit grew 31% to ₹3,917 Cr in 2026.pat
Data: Aggregate quarterly revenue
| Period | Revenue (₹ Cr) | Reporters |
|---|---|---|
| Jun 23 | 8,189 | 16 |
| Sep 23 | 9,368 | 17 |
| Dec 23 | 7,096 | 17 |
| Mar 24 | 8,686 | 19 |
| Jun 24 | 7,713 | 18 |
| Sep 24 | 9,115 | 19 |
| Dec 24 | 7,628 | 19 |
| Mar 25 | 9,337 | 19 |
| Jun 25 | 8,902 | 18 |
| Sep 25 | 10,064 | 19 |
| Dec 25 | 9,583 | 19 |
| Mar 26 | 11,630 | 19 |
Data: Aggregate quarterly profit
| Period | Profit after tax (₹ Cr) |
|---|---|
| Jun 23 | 627 |
| Sep 23 | 803 |
| Dec 23 | 693 |
| Mar 24 | 1,032 |
| Jun 24 | 806 |
| Sep 24 | 1,104 |
| Dec 24 | 760 |
| Mar 25 | 840 |
| Jun 25 | 602 |
| Sep 25 | 750 |
| Dec 25 | 555 |
| Mar 26 | 782 |
Data: Aggregate operating margin
| Period | OPM (%) |
|---|---|
| Jun 23 | 11.0 |
| Sep 23 | 11.7 |
| Dec 23 | 11.6 |
| Mar 24 | 13.0 |
| Jun 24 | 11.7 |
| Sep 24 | 10.9 |
| Dec 24 | 10.1 |
| Mar 25 | 10.8 |
| Jun 25 | 10.8 |
| Sep 25 | 11.4 |
| Dec 25 | 11.2 |
| Mar 26 | 11.1 |
Data: Aggregate profit by year
| Period | Profit after tax (₹ Cr) |
|---|---|
| 2015 | 1,087 |
| 2016 | 3,074 |
| 2017 | 1,448 |
| 2018 | 1,058 |
| 2019 | 1,223 |
| 2020 | 1,245 |
| 2021 | 1,514 |
| 2022 | 2,182 |
| 2023 | 2,569 |
| 2024 | 3,572 |
| 2025 | 2,999 |
| 2026 | 3,917 |
Data: Operating margin by year
| Period | OPM (%) |
|---|---|
| 2015 | 8.8 |
| 2016 | 9.6 |
| 2017 | 9.7 |
| 2018 | 9.9 |
| 2019 | 9.6 |
| 2020 | 10.2 |
| 2021 | 10.9 |
| 2022 | 10.5 |
| 2023 | 11.5 |
| 2024 | 12.7 |
| 2025 | 10.8 |
| 2026 | 11.2 |
Data as of 2026-06-27
Sector profit moved from ₹2,999 Cr to ₹3,917 Cr (+30.6% year-on-year) — the decomposition attributes the larger share to the revenue side (demand and volumes).pat
Sector revenue moved from ₹35,548 Cr to ₹47,608 Cr (+33.9% year-on-year).revenue
The aggregate P/E moved from 35.4× to 53.1× (+50.2%) while sector profits moved +52.5% — earnings led the multiple — the durable pattern.pe
Capital cycle: capital is entering this industry, with constituent capex running +100.1% year-on-year.readcapex_yoy_pct
Sector ΣPAT +30.6% YoY — dominant leg: revenue (volume/demand-led — the durable kind).
patSector Σrevenue +33.9% YoY — confirm it is demand/volume-led across constituents, not price/base.
revenueSector PE moved +50.2% but aggregate ΣPAT rose +52.5% over ~3y — EARNINGS led the multiple (the durable pattern). The re-rating is backed by real aggregate earnings.
peprice_idxpatCapital is ENTERING (read=ENTERING; capex +100.06%, FII+DII +0.15pp) — crowding in + a capex surge LATE in the cycle is a HEADWIND (supply coming, competition for returns). Check whether the inflow is EARLY (depressed valuation, fresh turn) or LATE (chasing a run).
capex_yoy_pctfii_dii_delta_4qcwip_growth_pctSector breadth WIDENING — % above 200-DMA 24→58% over the trailing weeks: broad participation corroborates a genuine sector-wide turn rather than a few-name move.
pct_above_200dmapct_outperformingResearch view from 2026-06-27
Ownership: institutional (FII+DII) holdings moved +0.15 percentage points over four quarters; promoter stakes moved -0.29 points over two.fii_dii_delta_4qpromoter_delta_2q
Constituents spent ₹6,206 Cr on capex in the trailing twelve months (+100.1% year-on-year), with gross block growing +21.5%.capex_ttm_sum_crcapex_yoy_pct
On the deterministic capital-flow read, capital is entering this industry.read
Research view from 2026-06-27
The sector trades at an aggregate P/E of 53.14× against a range of 9.45–64.75× over its 40-quarter history.pe
The median constituent sits at the 49th percentile of its own 10-year valuation range.percentile
Aggregate operating margin (11.2%) sits at the 83rd percentile of its own annual history — a cheap-looking multiple on near-peak margins is only cheap if the margins hold.opm
Data: Aggregate P/E and price index
| Period | P/E (×) | Price index |
|---|---|---|
| Jun 16 | 10.5 | 100 |
| Sep 16 | 10.5 | 102 |
| Dec 16 | 9.5 | 91 |
| Mar 17 | 27.5 | 106 |
| Jun 17 | 29.5 | 114 |
| Sep 17 | 27.4 | 106 |
| Dec 17 | 30.3 | 117 |
| Mar 18 | 36.8 | 103 |
| Jun 18 | 32.8 | 92 |
| Sep 18 | 31.0 | 87 |
| Dec 18 | 35.1 | 98 |
| Mar 19 | 30.7 | 100 |
| Jun 19 | 33.9 | 111 |
| Sep 19 | 36.5 | 119 |
| Dec 19 | 36.4 | 119 |
| Mar 20 | 26.2 | 82 |
| Jun 20 | 28.9 | 92 |
| Sep 20 | 30.7 | 98 |
| Dec 20 | 38.0 | 121 |
| Mar 21 | 36.6 | 141 |
| Jun 21 | 40.7 | 157 |
| Sep 21 | 42.3 | 164 |
| Dec 21 | 44.4 | 172 |
| Mar 22 | 30.8 | 171 |
| Jun 22 | 31.0 | 172 |
| Sep 22 | 35.8 | 199 |
| Dec 22 | 37.3 | 207 |
| Mar 23 | 35.4 | 233 |
| Jun 23 | 41.2 | 270 |
| Sep 23 | 41.0 | 276 |
| Dec 23 | 42.6 | 295 |
| Mar 24 | 47.6 | 376 |
| Jun 24 | 64.8 | 541 |
| Sep 24 | 59.2 | 528 |
| Dec 24 | 54.1 | 488 |
| Mar 25 | 44.0 | 384 |
| Jun 25 | 50.1 | 412 |
| Sep 25 | 54.3 | 402 |
| Dec 25 | 55.7 | 380 |
| Mar 26 | 53.1 | 360 |
Aggregate operating margin (11.2%) sits at the 83rd percentile of its own annual history — a cheap-looking multiple on near-peak margins is only cheap if the margins hold.
Data as of 2026-06-27
19 companies make up this sector, led by Siemens Ltd at ₹1,29,197 Cr of market value.constituents
| Company | Price | 1y | Stage | RS | 10y val % |
|---|---|---|---|---|---|
| Siemens Ltd | ₹3,561 | +8.1% | 2 | 8.7 | 79 |
| V-Guard Industries Ltd | ₹306 | −22.5% | 4 | -10.1 | 9 |
| Ravindra Energy Ltd | ₹165 | +25.0% | 4 | 13.7 | 54 |
| Spectrum Electrical Industries Ltd | ₹1,920 | +28.9% | 2 | 37.1 | 48 |
| Insolation Energy Ltd | ₹126 | – | 4 | -22.1 | 7 |
| Modern Insulators Ltd | ₹514 | +405.9% | 2 | 127.2 | 96 |
| HPL Electric & Power Ltd | ₹359 | −37.9% | 4 | -11.5 | 49 |
| Alpex Solar Ltd | ₹896 | −18.9% | 2 | -12.2 | 0 |
| Exicom Tele-Systems Ltd | ₹167 | −13.8% | 2 | 30.7 | – |
| Honda India Power Products Ltd | ₹2,167 | −27.9% | 4 | -10.7 | 81 |
| Servotech Renewable Power System Ltd | ₹100 | −31.6% | 1 | 1.1 | 15 |
| Rishabh Instruments Ltd | ₹585 | +105.4% | 2 | 39.1 | 15 |
| Igarashi Motors India Ltd | ₹479 | −11.1% | 4 | 9.4 | 83 |
| IKIO Technologies Ltd | ₹152 | −30.2% | 4 | -12.8 | 14 |
| Salzer Electronics Ltd | ₹629 | −29.9% | 4 | -10.9 | 62 |
| Modison Ltd | ₹293 | +73.8% | 2 | 71.5 | 28 |
| Swelect Energy Systems Ltd | ₹632 | +7.0% | 1 | -5.0 | 23 |
| Kirloskar Electric Company Ltd | ₹120 | −17.5% | 2 | 9.7 | 70 |
| Focus Lighting & Fixtures Ltd | ₹86.7 | – | 2 | 5.7 | 88 |
Data as of 2026-07-01
A breakdown is NOT underway: 61% of constituents still trade above their 200-day averages.breadth_series
- A breakdown is NOT underway: 61% of constituents still trade above their 200-day averages.
Data as of 2026-07-01
Straight answers from the data
What is the Capital Goods - Electric General sector?
The Capital Goods - Electric General sector groups 19 listed companies with a combined market value of ₹1,75,299 Cr, led by Siemens Ltd, V-Guard Industries Ltd, Ravindra Energy Ltd. 9 of 19 constituents are currently in confirmed price uptrends.
Which stocks are in the Capital Goods - Electric General sector?
The largest Capital Goods - Electric General companies by market value are Siemens Ltd (₹1,29,197 Cr), V-Guard Industries Ltd (₹13,699 Cr), Ravindra Energy Ltd (₹3,207 Cr), Spectrum Electrical Industries Ltd (₹2,811 Cr), Insolation Energy Ltd (₹2,783 Cr), Modern Insulators Ltd (₹2,592 Cr), HPL Electric & Power Ltd (₹2,441 Cr), Alpex Solar Ltd (₹2,396 Cr).
What are the best-performing Capital Goods - Electric General stocks?
By 1-year price return as of 1 July 2026, the strongest Capital Goods - Electric General stocks are Modern Insulators Ltd (+406%), Rishabh Instruments Ltd (+105%), Modison Ltd (+74%), Spectrum Electrical Industries Ltd (+29%), Ravindra Energy Ltd (+25%). These are descriptive price moves measured from weekly Screener closes, not recommendations.
Is the Capital Goods - Electric General sector in an uptrend?
9 of 19 Capital Goods - Electric General constituents are in Stage-2 price uptrends, 11 trade above their 200-day average, and 11 are beating the NIFTY 500 on relative strength. Sector relative strength reads 60, in the broadening quadrant of the rotation map, falling over a 12-week streak.
How many Capital Goods - Electric General stocks trade above their 200-day average?
11 of 19 Capital Goods - Electric General constituents currently trade above their 200-day moving average. Over the trailing ~20 weeks, that share moved from 18% to 61% — participation is widening.
Is the Capital Goods - Electric General sector expensive versus its own history?
The Capital Goods - Electric General sector trades at an aggregate P/E of 53.1× against a 9.45–64.8× band over its own history. The median constituent sits at the 49th percentile of its own 10-year P/E range, around the middle of its own historical range. Aggregate operating margin (11.2%) sits at the 83rd percentile of its own annual history — a cheap-looking multiple on near-peak margins is only cheap if the margins hold.
Is money entering or leaving the Capital Goods - Electric General sector?
On Sector Alpha's deterministic capital-flow read, money is entering the Capital Goods - Electric General sector. Institutional (FII+DII) holdings moved +0.15 percentage points across constituents over the last four quarters, and constituents grew capex +100.1% year-on-year.
How fast is the Capital Goods - Electric General sector growing?
In the latest reported quarter (March 2026), Capital Goods - Electric General constituents together booked ₹11,630 Cr of revenue, +24.6% year-on-year, with aggregate profit −6.9% year-on-year. Figures aggregate Screener-scraped quarterly filings across the sector.
How are Capital Goods - Electric General operating margins trending?
Aggregate Capital Goods - Electric General operating margin was 11.1% in the latest reported quarter (March 2026), versus 10.8% a year earlier — margins are broadly steady.
What is the bull case for the Capital Goods - Electric General sector?
A genuine multi-year electrical-capex up-cycle (Crisil 12-14% FY27 growth, order books ₹5.2 lakh cr, book-to-bill 3.7x) with solar/grid/BLDC premiumization tailwinds, but copper +40% and gas +2.5x cost-push plus FAME/regulatory shocks are gutting margins — record demand, ruined margins. Only 17% of constituents advancing
What could change the view on the Capital Goods - Electric General sector?
A structural collapse in copper and gas prices that violently expands margins, allowing earnings to outpace the currently extreme multiple without requiring further valuation expansion. Also worth noting: a breakdown is NOT underway: 61% of constituents still trade above their 200-day averages.
What is the research view on the Capital Goods - Electric General sector?
Sector Alpha does not publish trading recommendations or price calls — this is a research read, not advice. What the data says: expansion · mixed. The curve presents a fully-priced re rated expensive setup, with normalized PE at the 95th percentile and margins running hot at the 75th percentile. The fundamental thesis (power/grid capex super-cycle) is real, but it is now fully reflected in the multiple, and the move is dangerously narrow (only 17% of…. Every number on this page traces to its source column; it is machine-written research, not investment advice.
Should I invest in the Capital Goods - Electric General sector?
Sector Alpha does not publish sector allocations or trading calls — for Capital Goods - Electric General or any sector. What this page provides is a data-first read: how many constituents are in confirmed uptrends, how the sector's valuation compares with its own history, where earnings sit in their cycle, and whether capital is entering or leaving. Use it to study the sector on the evidence, then do your own diligence.
What is the Capital Goods - Electric General sector's relative-strength position?
Capital Goods - Electric General relative strength reads 60 on Sector Alpha's rotation map, placing it in the broadening quadrant. Relative strength is falling and has held for 12 weeks. A positive, rising relative-strength trend means the sector has been outperforming the broad market week after week.