Capital Goods - Gensets/Turbines Stocks in India
Capital Goods - Gensets/Turbines: Triveni Turbine Ltd owns the largest revenue base; TD Power Systems Ltd has the fastest current growth.
Nifty Capital Goods - Gensets/Turbines Index — Constituents & Performance
All 2 listed Indian Capital Goods - Gensets/Turbines companies are named here, largest first — the same constituent set people search for as the Nifty Capital Goods - Gensets/Turbines index. Every figure on this page is equal-weighted across those companies, so one large constituent cannot set the reading. Each number carries its own as-of date.
- TD Power Systems Ltd₹23.2K Cr
- Triveni Turbine Ltd₹18.8K Cr
Is Capital Goods - Gensets/Turbines outperforming NIFTY 500?
Capital Goods - Gensets/Turbines has outperformed NIFTY 500 by 87.3% over the last 52 weeks. Over 13 weeks the gap is a lead of 2.6%. 2 of 2 covered companies currently beat NIFTY on Mansfield relative strength, so leadership inside the sector is selective. TD Power Systems Ltd is the strongest against the sector itself at +23.5%.
Sector metric: 8.7 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 - Gensets/Turbines has outperformed NIFTY 500 by 87.3% over 52 weeks and 2.6% over 13 weeks. 2 of 2 covered companies beat NIFTY on Mansfield relative strength, while 1 of 2 beat the sector itself. Triveni Turbine Ltd leads with revenue of ₹2,253 crore, based on 2 of 2 comparable companies through Jun 2026.
Best Capital Goods - Gensets/Turbines 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.
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 - Gensets/Turbines Stocks in India
| Company | Score | Price stage | Growth & earnings/35 | Capital efficiency/25 | Valuation/20 | Relative strength/20 |
|---|---|---|---|---|---|---|
| 1TD Power Systems LtdTDPOWERSYS | 70.0/100Favorable setup97% evidence | TURNING | 30.8/35 Revenue 54.4% · PAT 45% · OPM change 0 pp 100% evidence | 19.7/25 ROCE 34% · OPM 19% 100% evidence | 4.9/20 P/E 84.3× · PEG 2.23 85% evidence | 14.6/20 RS sector 23.5% · RS bench 63.4% · 1Y 214%9 of 12 weeks ahead 100% evidence |
| Exact sum: 30.8 + 19.7 + 4.9 + 14.6 = 70 · Decision use: Confirmed research leader: earnings, capital efficiency and relative strength agree. Move to management, catalyst and risk diligence. | ||||||
| 2Triveni Turbine LtdTRITURBINE | 39.7/100Mixed-negative evidence97% evidence | FADING | 9.2/35 Revenue 17.8% · PAT -2% · OPM change -8 pp 100% evidence | 17.9/25 ROCE 35.9% · OPM 12% 100% evidence | 3.5/20 P/E 54.2× · PEG 5.9 85% evidence | 9.1/20 RS sector -23.4% · RS bench 5.3% · 1Y 12.2%8 of 12 weeks ahead 100% evidence |
| Exact sum: 9.2 + 17.9 + 3.5 + 9.1 = 39.7 · Decision use: Strong business, demanding price: keep it on the quality list, but require either earnings upgrades or valuation compression. | ||||||
Market action
TD Power Systems Ltd has the strongest one-year price move in Capital Goods - Gensets/Turbines at +214%. It also leads on Mansfield relative strength against NIFTY at +63.4%. 2 of 2 covered companies are above zero on that measure. Every line covers 313 weekly closes through 2026-08-14.
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.
How far ahead of or behind NIFTY 500 each company has been running, measured against its own recent average of that comparison, so the flat line at zero IS NIFTY 500: above it the company is beating the market, below it the market is beating the company. It opens on one year.
The same measure taken against Capital Goods - Gensets/Turbines itself instead of the whole market, so the flat line at zero is the sector: above it the company is beating its own peers, which is the sharper test of the two. It opens on one year.
Capital Goods - Gensets/Turbines — the story behind the numbers
This is the written read behind the Capital Goods - Gensets/Turbines figures above — what is actually happening in the sector, in words, with the evidence each claim rests on. It is dated 17 Apr 2026, so the words are older than the numbers. 3 themes are live here.
The sector outlook is highly favorable, driven by record order books, expanding export markets, and new demand vectors like data centres. While commodity inflation requires active price management, the sheer volume of incoming orders and the ability to pass on costs provide a clear runway for margin expansion and revenue growth in the coming fiscal years.
The Capital Goods - Gensets/Turbines sector is experiencing an accelerating demand environment, as evidenced by TDPOWERSYS. The constituent reported a 32% year-on-year increase in nine-month revenue to INR 11.94 billion, alongside a 41% surge in profit after tax to INR 1.54 billion.
How old this read is: STALE — this read comes from our Capital Goods - Gensets/Turbines sector brief dated 17 Apr 2026, about 4 months ago. The page says so rather than dressing it up, and a fresh sector dive replaces it the day it runs.
What is live in this sector right now
| Live theme | Severity | Evidence on file |
|---|---|---|
| Copper prices have increased drastically, requiring price renegotiations with customers.Named for TDPOWERSYS | medium | “copper prices have gone up drastically. We are renegotiating all our prices with all our customers, and we will ensure that we pass on the price increases” Renegotiating prices and using lower-cost inventory pipeline to insulate near-term margins. |
| Lack of an India-U.S. trade deal results in customers paying 50% duties on direct exports.Named for TDPOWERSYS | low | “People have more or less resigned themselves to the fact that there's probably not going to be a trade deal.” Customers are currently accepting the duty; company has a 'Plan B' to use Turkey facility if needed. |
| Company has stopped hedging 90% of business to benefit from rupee depreciation.Named for TDPOWERSYS | low | “We took a conscious decision to stop hedging about six months ago because we were seeing a rapid depreciation of the Indian rupee” Decision to stop hedging has proven correct as spot rates moved favorably. |
Sources: our Capital Goods - Gensets/Turbines sector brief, 17 Apr 2026 · company earnings-call transcripts.
Revenue Scale & Growth Durability
Triveni Turbine Ltd has the highest Revenue among the 2 Capital Goods - Gensets/Turbines companies compared here, at ₹2,253 crore. TD Power Systems Ltd is next at ₹2,124 crore. TD Power Systems Ltd has the highest Revenue growth at 54.4%, so level and change sit with different companies. Its Revenue series carries 20 reported observations across the 20-quarter window.
What the numbers say: Triveni Turbine Ltd is the scale leader at ₹2,253 crore, 6.1% ahead of TD Power Systems Ltd. TD Power Systems Ltd's growth is 54.4% from a ₹2,124 crore base, with 20 reported observations in the 20-quarter window. Treat the growth leader as an acceleration candidate, not as equally proven scale.
Investor read: Triveni Turbine Ltd is the scale benchmark; TD Power Systems Ltd is the acceleration watch. Promote the challenger only if growth persists and converts into margin and returns.
This conclusion weakens if: Triveni Turbine Ltd's growth falls below TD Power Systems Ltd's for two consecutive comparable reports while operating margin also compresses.
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.
| Company | Revenue | Revenue growth | Reported |
|---|---|---|---|
| TD Power Systems Ltd TDPOWERSYS | ₹640 Cr | 72% | Jun 2026 |
| Triveni Turbine Ltd TRITURBINE | ₹443 Cr | 19% | Jun 2026 |
Full 20-quarter history · every available company
Revenue · reported quarter history
Triveni Turbine Ltd · TRITURBINE
Revenue growth · reported quarter history
TD Power Systems Ltd · TDPOWERSYS
Triveni Turbine Ltd · TRITURBINE
Operating Economics & Margin Trend
TD Power Systems Ltd has the highest OPM among the 2 Capital Goods - Gensets/Turbines companies compared here, at 19%. Triveni Turbine Ltd is next at 12%. The same company also holds the highest Margin change, at 0 percentage points. 2 of 2 companies report a comparable reading, the latest through Jun 2026.
What the numbers say: TD Power Systems Ltd leads both opm at 19% and margin change at 0 percentage points.
Investor read: TD Power Systems 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.
All-company data · latest reported quarter
| Company | OPM | Margin change | Reported |
|---|---|---|---|
| TD Power Systems Ltd TDPOWERSYS | 19% | 0.0 pp | Jun 2026 |
| Triveni Turbine Ltd TRITURBINE | 12% | −8.0 pp | Jun 2026 |
Full 20-quarter history · every available company
OPM · reported quarter history
TD Power Systems Ltd · TDPOWERSYS
Triveni Turbine Ltd · TRITURBINE
Margin change · reported quarter history
TD Power Systems Ltd · TDPOWERSYS
Triveni Turbine Ltd · TRITURBINE
Profit Scale & Acceleration
Triveni Turbine Ltd has the highest Net profit among the 2 Capital Goods - Gensets/Turbines companies compared here, at ₹336 crore. TD Power Systems Ltd is next at ₹274 crore. TD Power Systems Ltd has the highest Profit growth at 45%, so level and change sit with different companies.
What the numbers say: Triveni Turbine Ltd leads with ₹336 crore of TTM profit, 22.6% above TD Power Systems Ltd. TD Power Systems Ltd shows 45% growth from a ₹274 crore profit base. Compare the size of the base and persistence before ranking acceleration above profit scale.
Investor read: Triveni Turbine 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.
All-company data · latest reported quarter
| Company | Net profit | Profit growth | Reported |
|---|---|---|---|
| TD Power Systems Ltd TDPOWERSYS | ₹86 Cr | 72% | Jun 2026 |
| Triveni Turbine Ltd TRITURBINE | ₹51 Cr | -20% | Jun 2026 |
Full 20-quarter history · every available company
Net profit · reported quarter history
TD Power Systems Ltd · TDPOWERSYS
Triveni Turbine Ltd · TRITURBINE
Profit growth · reported quarter history
TD Power Systems Ltd · TDPOWERSYS
Triveni Turbine Ltd · TRITURBINE
Return On Capital Employed
Triveni Turbine Ltd has the highest ROCE among the 2 Capital Goods - Gensets/Turbines companies compared here, at 35.9%. TD Power Systems Ltd is next at 34%. TD Power Systems Ltd has the highest ROCE change at +4.1 percentage points, so level and change sit with different companies. Its ROCE series carries 15 reported observations across the 20-quarter window.
What the numbers say: Triveni Turbine Ltd leads ROCE at 35.9%, 1.9 percentage points above TD Power Systems Ltd. TD Power Systems Ltd has the strongest latest improvement at +4.1 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.
Investor read: Triveni Turbine 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.
All-company data · latest reported quarter
| Company | ROCE | ROCE change | Reported |
|---|---|---|---|
| TD Power Systems Ltd TDPOWERSYS | 28% | +4.1 pp | Jun 2026 |
| Triveni Turbine Ltd TRITURBINE | 28% | −4.4 pp | Jun 2026 |
Full 20-quarter history · every available company
ROCE · reported quarter history
TD Power Systems Ltd · TDPOWERSYS
Triveni Turbine Ltd · TRITURBINE
ROCE change · reported quarter history
TD Power Systems Ltd · TDPOWERSYS
Triveni Turbine Ltd · TRITURBINE
Valuation Against Growth & Quality
TD Power Systems Ltd has the lowest PEG among the 2 Capital Goods - Gensets/Turbines companies compared here, at 2.23×. Triveni Turbine Ltd is next at 5.9×. Triveni Turbine Ltd has the lowest P/E at 54.2×, so level and change sit with different companies. 2 of 2 companies report a comparable reading, the latest through Jun 2026.
What the numbers say: TD Power Systems Ltd has the lowest comparable PEG at 2.23×, 62.2% below Triveni Turbine Ltd. Only 2 of 2 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.
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.
All-company data · latest reported quarter
| Company | PEG | P/E | Reported |
|---|---|---|---|
| Triveni Turbine Ltd TRITURBINE | 5.9 | 58.9 | Jun 2026 |
| TD Power Systems Ltd TDPOWERSYS | 2.2 | 82.1 | Jun 2026 |
Full 20-quarter history · every available company
PEG · reported quarter history
TD Power Systems Ltd · TDPOWERSYS
Triveni Turbine Ltd · TRITURBINE
P/E · reported quarter history
TD Power Systems Ltd · TDPOWERSYS
Triveni Turbine Ltd · TRITURBINE
What can make this comparison misleading?
This Capital Goods - Gensets/Turbines comparison names 4 specific ways its own evidence can mislead, all listed below. All 2 companies here report on comparable dates, so no rank carries a stale marker. A high growth rate can still be a low-base artefact.
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.
How was this comparison built?
This comparison is built from the reported filings of 2 Capital Goods - Gensets/Turbines 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 2026-08-14. A second data feed fills gaps only after identity and scale reconciliation, and missing observations are never interpolated.
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.
Capital Goods - Gensets/Turbines company comparison FAQs
These 23 answers restate the Capital Goods - Gensets/Turbines comparison above in question form. Every one is computed from the same 2 companies and the same reported filings as the rankings and charts, current through Jun 2026. Price and relative-strength answers run through 2026-08-14. Nothing here is estimated, and none of it is a recommendation.
Is the Capital Goods - Gensets/Turbines sector outperforming NIFTY 500?
Capital Goods - Gensets/Turbines has outperformed NIFTY 500 by 87.3% over 52 weeks and 2.6% over 13 weeks. 2 of 2 covered companies beat NIFTY on Mansfield relative strength, while 1 of 2 beat the sector itself.
Which Capital Goods - Gensets/Turbines company is largest by revenue?
Triveni Turbine Ltd leads with revenue of ₹2,253 crore, based on 2 of 2 comparable companies through Jun 2026.
Which Capital Goods - Gensets/Turbines company is growing fastest?
TD Power Systems Ltd has the fastest current revenue growth at 54.4%, across 2 of 2 comparable companies.
Which Capital Goods - Gensets/Turbines company has the strongest 4-Factor Sector Score?
TD Power Systems Ltd ranks first at 70/100 with 97% evidence confidence. The score prioritizes research; it is not a buy recommendation.
Which Capital Goods - Gensets/Turbines company has the lowest comparable PEG?
TD Power Systems Ltd has the lowest comparable PEG at 2.23, among 2 of 2 companies whose earnings and growth are steady enough for the ratio to mean anything.
How much history does this Capital Goods - Gensets/Turbines 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 - Gensets/Turbines 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 - Gensets/Turbines, this page builds its own equal-weight basket of 2 listed Capital Goods - Gensets/Turbines 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 - Gensets/Turbines stocks in India?
Ranked by this page's four-factor score, TD Power Systems Ltd places first among 2 listed Capital Goods - Gensets/Turbines companies, followed by Triveni Turbine 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 - Gensets/Turbines stocks are listed in India?
This comparison covers 2 listed Capital Goods - Gensets/Turbines 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 - Gensets/Turbines company is the biggest?
Triveni Turbine Ltd is the largest, with trailing-twelve-month revenue of ₹2,253 crore, ahead of TD Power Systems Ltd at ₹2,124 crore. That covers 2 of 2 companies with comparable reporting through Jun 2026.
Which Capital Goods - Gensets/Turbines company has the best profit margins?
TD Power Systems Ltd has the highest operating margin at 19%, from 2 of 2 comparable companies. TD Power Systems Ltd shows the biggest recent improvement, at 0 percentage points. A high margin matters most when it is holding or rising, not when it is peaking.
Which Capital Goods - Gensets/Turbines company makes the most profit?
Triveni Turbine Ltd earns the most, at ₹336 crore of trailing-twelve-month net profit, from 2 of 2 comparable companies. TD Power Systems Ltd has the fastest profit growth at 45%, though growth off a small or recovering profit base overstates how much has actually changed.
Which Capital Goods - Gensets/Turbines company earns the highest return on capital?
Triveni Turbine Ltd leads on return on capital employed at 35.9%, across 2 of 2 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 - Gensets/Turbines stock is the cheapest?
On PEG — where a LOWER number is cheaper — TD Power Systems Ltd screens cheapest at 2.23×. All 2 companies qualify for the ratio comparison. Cheap on a multiple is a reason to investigate, never a reason to buy on its own.
Is the Capital Goods - Gensets/Turbines sector beating the market?
Capital Goods - Gensets/Turbines has outperformed NIFTY 500 by 87.3% over the last 52 weeks and 2.6% over 13 weeks, measured on an equal-weight index of its current members. Inside the sector, 2 of 2 covered companies are beating the market on their own. Sector strength does not transfer evenly to every stock in it.
Which Capital Goods - Gensets/Turbines stock has the strongest price momentum?
TD Power Systems 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 - Gensets/Turbines company scores highest for research priority?
TD Power Systems Ltd scores 70 out of 100 with 97% evidence confidence, from 30.8 points on growth and earnings, 19.7 on capital efficiency, 4.9 on valuation and 14.6 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 - Gensets/Turbines companies does this comparison cover, and over what period?
It compares 2 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 - Gensets/Turbines sector?
The 2 Capital Goods - Gensets/Turbines companies on this page carry ₹42,026 crore of combined market value. TD Power Systems Ltd is the largest at ₹23,194 crore, about 55% of the sector's total on its own. Market value moves with price, so this reading is dated 2026-08-20.
How is the Capital Goods - Gensets/Turbines sector performing?
2 of the 2 covered Capital Goods - Gensets/Turbines companies are beating NIFTY 500 on Mansfield relative strength. The sector itself is 87.3% ahead of NIFTY 500 over 52 weeks on an equal-weight index of its current members. Readings are as of 2026-08-20.
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.