# Capital Goods - Gensets/Turbines — company-by-company sector analysis > Capital Goods - Gensets/Turbines: Triveni Turbine Ltd owns the largest revenue base; TD Power Systems Ltd has the fastest current growth. Sector Alpha — machine-written from the numbers. Data as of 2026-08-20. Not investment advice. ## 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. ## Sector relative strength 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%. 13-week sector return versus NIFTY 500: 2.6% 52-week sector return versus NIFTY 500: 87% Stocks leading NIFTY: 2/2 Stocks leading sector: 1/2 Central tension: The central tension: the companies with the most scale are not necessarily the companies creating the most change. Companies: 2 Combined market value: ₹42.0K Cr ## 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. 1. TD Power Systems Ltd (TDPOWERSYS): 70/100 — Favorable setup; evidence 97% - Growth & earnings 30.8/35 | Capital efficiency 19.7/25 | Valuation 4.9/20 | Relative strength 14.6/20 - Price stage: TURNING — Ahead of the benchmark for one to four weeks, after a stretch of being behind. - Led NIFTY 500 by 5%+ over the prior 13 weeks in 9 of the last 12 weeks - 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. 2. Triveni Turbine Ltd (TRITURBINE): 40/100 — Mixed-negative evidence; evidence 97% - Growth & earnings 9.2/35 | Capital efficiency 17.9/25 | Valuation 3.5/20 | Relative strength 9.1/20 - Price stage: FADING — Was leading by 5% or more four weeks ago and is not now. - Led NIFTY 500 by 5%+ over the prior 13 weeks in 8 of the last 12 weeks - 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. ### Strongest one-year price performers 1. TD Power Systems Ltd (TDPOWERSYS): 214% 2. Triveni Turbine Ltd (TRITURBINE): 12% ### Strongest relative strength versus NIFTY 500 1. TD Power Systems Ltd (TDPOWERSYS): 63% 2. Triveni Turbine Ltd (TRITURBINE): 5.3% ## 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. ### Live themes, worst first - MEDIUM | Copper prices have increased drastically, requiring price renegotiations with customers. | Renegotiating prices and using lower-cost inventory pipeline to insulate near-term margins. | quoted: "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" | named for TDPOWERSYS - LOW | Lack of an India-U.S. trade deal results in customers paying 50% duties on direct exports. | Customers are currently accepting the duty; company has a 'Plan B' to use Turkey facility if needed. | quoted: "People have more or less resigned themselves to the fact that there's probably not going to be a trade deal." | named for TDPOWERSYS - LOW | Company has stopped hedging 90% of business to benefit from rupee depreciation. | Decision to stop hedging has proven correct as spot rates moved favorably. | quoted: "We took a conscious decision to stop hedging about six months ago because we were seeing a rapid depreciation of the Indian rupee" | named for TDPOWERSYS Sources: our Capital Goods - Gensets/Turbines sector brief, 17 Apr 2026 · company earnings-call transcripts. ## Revenue Scale & Growth Durability 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. Evidence: Triveni Turbine Ltd · ₹2,253 crore | 6.1% versus #2 · TD Power Systems Ltd | 7/8 recent comparable periods | 2/2 companies · 40 observations Definition: Revenue is compared on a common reported-currency basis. Growth is year-on-year, so seasonality does not masquerade as progress. ### Revenue — largest 1. Triveni Turbine Ltd (TRITURBINE): ₹2.3K Cr 2. TD Power Systems Ltd (TDPOWERSYS): ₹2.1K Cr ### Revenue growth — fastest growers 1. TD Power Systems Ltd (TDPOWERSYS): 54% 2. Triveni Turbine Ltd (TRITURBINE): 18% ### 20-quarter Revenue history - TDPOWERSYS: Sep 2021 ₹227 Cr | Dec 2021 ₹180 Cr | Mar 2022 ₹227 Cr | Jun 2022 ₹205 Cr | Sep 2022 ₹213 Cr | Dec 2022 ₹205 Cr | Mar 2023 ₹250 Cr | Jun 2023 ₹220 Cr | Sep 2023 ₹274 Cr | Dec 2023 ₹243 Cr | Mar 2024 ₹264 Cr | Jun 2024 ₹274 Cr | Sep 2024 ₹306 Cr | Dec 2024 ₹350 Cr | Mar 2025 ₹348 Cr | Jun 2025 ₹372 Cr | Sep 2025 ₹452 Cr | Dec 2025 ₹443 Cr | Mar 2026 ₹589 Cr | Jun 2026 ₹640 Cr - TRITURBINE: Sep 2021 ₹206 Cr | Dec 2021 ₹225 Cr | Mar 2022 ₹237 Cr | Jun 2022 ₹259 Cr | Sep 2022 ₹293 Cr | Dec 2022 ₹326 Cr | Mar 2023 ₹370 Cr | Jun 2023 ₹376 Cr | Sep 2023 ₹388 Cr | Dec 2023 ₹432 Cr | Mar 2024 ₹458 Cr | Jun 2024 ₹463 Cr | Sep 2024 ₹501 Cr | Dec 2024 ₹503 Cr | Mar 2025 ₹538 Cr | Jun 2025 ₹371 Cr | Sep 2025 ₹506 Cr | Dec 2025 ₹624 Cr | Mar 2026 ₹680 Cr | Jun 2026 ₹443 Cr ### 20-quarter Revenue growth history - TDPOWERSYS: Sep 2021 — | Dec 2021 — | Mar 2022 — | Jun 2022 26% | Sep 2022 -6.2% | Dec 2022 14% | Mar 2023 10% | Jun 2023 7.3% | Sep 2023 29% | Dec 2023 19% | Mar 2024 5.6% | Jun 2024 25% | Sep 2024 12% | Dec 2024 44% | Mar 2025 32% | Jun 2025 36% | Sep 2025 48% | Dec 2025 27% | Mar 2026 69% | Jun 2026 72% - TRITURBINE: Sep 2021 — | Dec 2021 — | Mar 2022 — | Jun 2022 41% | Sep 2022 42% | Dec 2022 45% | Mar 2023 56% | Jun 2023 45% | Sep 2023 32% | Dec 2023 33% | Mar 2024 24% | Jun 2024 23% | Sep 2024 29% | Dec 2024 16% | Mar 2025 17% | Jun 2025 -20% | Sep 2025 1.0% | Dec 2025 24% | Mar 2026 26% | Jun 2026 19% ## Operating Economics & Margin Trend 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. Evidence: TD Power Systems Ltd · 19% | 58.3% versus #2 · Triveni Turbine Ltd | 5/8 recent comparable periods | 2/2 companies · 40 observations Definition: Operating margin compares operating profit with revenue. Improvement is measured in percentage points, not percentage growth. ### OPM — highest 1. TD Power Systems Ltd (TDPOWERSYS): 19% 2. Triveni Turbine Ltd (TRITURBINE): 12% ### Margin change — fastest expanders 1. TD Power Systems Ltd (TDPOWERSYS): 0.0 pp 2. Triveni Turbine Ltd (TRITURBINE): −8.0 pp ### 20-quarter OPM history - TDPOWERSYS: Sep 2021 11% | Dec 2021 12% | Mar 2022 13% | Jun 2022 14% | Sep 2022 12% | Dec 2022 16% | Mar 2023 17% | Jun 2023 18% | Sep 2023 17% | Dec 2023 16% | Mar 2024 16% | Jun 2024 18% | Sep 2024 18% | Dec 2024 17% | Mar 2025 19% | Jun 2025 19% | Sep 2025 18% | Dec 2025 18% | Mar 2026 17% | Jun 2026 19% - TRITURBINE: Sep 2021 17% | Dec 2021 20% | Mar 2022 18% | Jun 2022 19% | Sep 2022 19% | Dec 2022 19% | Mar 2023 18% | Jun 2023 19% | Sep 2023 19% | Dec 2023 19% | Mar 2024 20% | Jun 2024 21% | Sep 2024 22% | Dec 2024 22% | Mar 2025 22% | Jun 2025 20% | Sep 2025 23% | Dec 2025 21% | Mar 2026 19% | Jun 2026 12% ### 20-quarter Margin change history - TDPOWERSYS: Sep 2021 −4.6 pp | Dec 2021 −2.2 pp | Mar 2022 +2.2 pp | Jun 2022 +4.1 pp | Sep 2022 +1.5 pp | Dec 2022 +3.9 pp | Mar 2023 +3.5 pp | Jun 2023 +4.5 pp | Sep 2023 +4.9 pp | Dec 2023 0.0 pp | Mar 2024 −1.0 pp | Jun 2024 0.0 pp | Sep 2024 +1.0 pp | Dec 2024 +1.0 pp | Mar 2025 +3.0 pp | Jun 2025 +1.0 pp | Sep 2025 0.0 pp | Dec 2025 +1.0 pp | Mar 2026 −2.0 pp | Jun 2026 0.0 pp - TRITURBINE: Sep 2021 −9.7 pp | Dec 2021 +0.0 pp | Mar 2022 +3.9 pp | Jun 2022 −0.6 pp | Sep 2022 +1.9 pp | Dec 2022 −1.0 pp | Mar 2023 +0.3 pp | Jun 2023 +0.2 pp | Sep 2023 0.0 pp | Dec 2023 0.0 pp | Mar 2024 +2.0 pp | Jun 2024 +2.0 pp | Sep 2024 +3.0 pp | Dec 2024 +3.0 pp | Mar 2025 +2.0 pp | Jun 2025 −1.0 pp | Sep 2025 +1.0 pp | Dec 2025 −1.0 pp | Mar 2026 −3.0 pp | Jun 2026 −8.0 pp ## Profit Scale & Acceleration 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. Evidence: Triveni Turbine Ltd · ₹336 crore | 22.6% versus #2 · TD Power Systems Ltd | 4/8 recent comparable periods | 2/2 companies · 40 observations Definition: 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 profit — largest 1. Triveni Turbine Ltd (TRITURBINE): ₹336 Cr 2. TD Power Systems Ltd (TDPOWERSYS): ₹274 Cr ### Profit growth — fastest growers 1. TD Power Systems Ltd (TDPOWERSYS): 45% 2. Triveni Turbine Ltd (TRITURBINE): -2.0% ### 20-quarter Net profit history - TDPOWERSYS: Sep 2021 ₹16 Cr | Dec 2021 ₹20 Cr | Mar 2022 ₹25 Cr | Jun 2022 ₹21 Cr | Sep 2022 ₹20 Cr | Dec 2022 ₹20 Cr | Mar 2023 ₹35 Cr | Jun 2023 ₹27 Cr | Sep 2023 ₹33 Cr | Dec 2023 ₹30 Cr | Mar 2024 ₹29 Cr | Jun 2024 ₹35 Cr | Sep 2024 ₹41 Cr | Dec 2024 ₹45 Cr | Mar 2025 ₹53 Cr | Jun 2025 ₹50 Cr | Sep 2025 ₹60 Cr | Dec 2025 ₹56 Cr | Mar 2026 ₹72 Cr | Jun 2026 ₹86 Cr - TRITURBINE: Sep 2021 ₹174 Cr | Dec 2021 ₹36 Cr | Mar 2022 ₹33 Cr | Jun 2022 ₹38 Cr | Sep 2022 ₹46 Cr | Dec 2022 ₹53 Cr | Mar 2023 ₹56 Cr | Jun 2023 ₹61 Cr | Sep 2023 ₹64 Cr | Dec 2023 ₹68 Cr | Mar 2024 ₹76 Cr | Jun 2024 ₹80 Cr | Sep 2024 ₹91 Cr | Dec 2024 ₹93 Cr | Mar 2025 ₹95 Cr | Jun 2025 ₹64 Cr | Sep 2025 ₹91 Cr | Dec 2025 ₹92 Cr | Mar 2026 ₹102 Cr | Jun 2026 ₹51 Cr ### 20-quarter Profit growth history - TDPOWERSYS: Sep 2021 — | Dec 2021 — | Mar 2022 — | Jun 2022 110% | Sep 2022 25% | Dec 2022 0.0% | Mar 2023 40% | Jun 2023 29% | Sep 2023 65% | Dec 2023 50% | Mar 2024 -17% | Jun 2024 30% | Sep 2024 24% | Dec 2024 50% | Mar 2025 83% | Jun 2025 43% | Sep 2025 46% | Dec 2025 24% | Mar 2026 36% | Jun 2026 72% - TRITURBINE: Sep 2021 — | Dec 2021 — | Mar 2022 — | Jun 2022 36% | Sep 2022 -74% | Dec 2022 47% | Mar 2023 70% | Jun 2023 61% | Sep 2023 39% | Dec 2023 28% | Mar 2024 36% | Jun 2024 31% | Sep 2024 42% | Dec 2024 37% | Mar 2025 25% | Jun 2025 -20% | Sep 2025 0.0% | Dec 2025 -1.1% | Mar 2026 7.4% | Jun 2026 -20% ## Return On Capital Employed 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. Evidence: Triveni Turbine Ltd · 35.9% | 5.6% versus #2 · TD Power Systems Ltd | 4/8 recent comparable periods | 2/2 companies · 30 observations Definition: 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. ### ROCE — highest 1. Triveni Turbine Ltd (TRITURBINE): 36% 2. TD Power Systems Ltd (TDPOWERSYS): 34% ### ROCE change — fastest improvers 1. TD Power Systems Ltd (TDPOWERSYS): +4.1 pp 2. Triveni Turbine Ltd (TRITURBINE): −4.4 pp ### 20-quarter ROCE history - TDPOWERSYS: Sep 2021 13% | Dec 2021 — | Mar 2022 13% | Jun 2022 — | Sep 2022 15% | Dec 2022 — | Mar 2023 18% | Jun 2023 — | Sep 2023 21% | Dec 2023 27% | Mar 2024 21% | Jun 2024 26% | Sep 2024 21% | Dec 2024 28% | Mar 2025 24% | Jun 2025 32% | Sep 2025 27% | Dec 2025 34% | Mar 2026 28% | Jun 2026 — - TRITURBINE: Sep 2021 14% | Dec 2021 — | Mar 2022 16% | Jun 2022 — | Sep 2022 19% | Dec 2022 — | Mar 2023 28% | Jun 2023 — | Sep 2023 28% | Dec 2023 37% | Mar 2024 30% | Jun 2024 45% | Sep 2024 32% | Dec 2024 46% | Mar 2025 32% | Jun 2025 42% | Sep 2025 29% | Dec 2025 38% | Mar 2026 28% | Jun 2026 — ### 20-quarter ROCE change history - TDPOWERSYS: Sep 2021 — | Dec 2021 — | Mar 2022 — | Jun 2022 — | Sep 2022 +2.3 pp | Dec 2022 — | Mar 2023 +5.0 pp | Jun 2023 — | Sep 2023 +6.5 pp | Dec 2023 — | Mar 2024 +2.7 pp | Jun 2024 — | Sep 2024 −0.1 pp | Dec 2024 +1.1 pp | Mar 2025 +3.6 pp | Jun 2025 +6.0 pp | Sep 2025 +5.3 pp | Dec 2025 +5.8 pp | Mar 2026 +4.1 pp | Jun 2026 — - TRITURBINE: Sep 2021 — | Dec 2021 — | Mar 2022 — | Jun 2022 — | Sep 2022 +5.1 pp | Dec 2022 — | Mar 2023 +11.1 pp | Jun 2023 — | Sep 2023 +9.1 pp | Dec 2023 — | Mar 2024 +2.8 pp | Jun 2024 — | Sep 2024 +3.8 pp | Dec 2024 +8.8 pp | Mar 2025 +2.0 pp | Jun 2025 −2.8 pp | Sep 2025 −3.1 pp | Dec 2025 −7.3 pp | Mar 2026 −4.4 pp | Jun 2026 — ## Valuation Against Growth & Quality 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. Evidence: TD Power Systems Ltd · 2.23× | 62.2% versus #2 · Triveni Turbine Ltd | 0/8 recent comparable periods | 2/2 companies · 33 observations Definition: 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. ### PEG — lowest PEG 1. TD Power Systems Ltd (TDPOWERSYS): 2.2 2. Triveni Turbine Ltd (TRITURBINE): 5.9 ### P/E — lowest P/E 1. Triveni Turbine Ltd (TRITURBINE): 54.2 2. TD Power Systems Ltd (TDPOWERSYS): 84.3 ### 20-quarter PEG history - TDPOWERSYS: Sep 2021 — | Dec 2021 — | Mar 2022 0.4 | Jun 2022 — | Sep 2022 0.8 | Dec 2022 0.5 | Mar 2023 0.5 | Jun 2023 0.9 | Sep 2023 1.3 | Dec 2023 0.9 | Mar 2024 0.9 | Jun 2024 2.0 | Sep 2024 2.0 | Dec 2024 2.7 | Mar 2025 2.0 | Jun 2025 1.0 | Sep 2025 1.0 | Dec 2025 1.0 | Mar 2026 1.3 | Jun 2026 2.2 - TRITURBINE: Sep 2021 — | Dec 2021 10.0 | Mar 2022 4.3 | Jun 2022 1.1 | Sep 2022 2.7 | Dec 2022 1.4 | Mar 2023 1.5 | Jun 2023 — | Sep 2023 1.2 | Dec 2023 1.1 | Mar 2024 1.4 | Jun 2024 1.8 | Sep 2024 2.2 | Dec 2024 2.1 | Mar 2025 1.5 | Jun 2025 1.7 | Sep 2025 2.6 | Dec 2025 5.9 | Mar 2026 — | Jun 2026 — ### 20-quarter P/E history - TDPOWERSYS: Sep 2021 16.7 | Dec 2021 25.1 | Mar 2022 20.2 | Jun 2022 21.9 | Sep 2022 24.6 | Dec 2022 22.7 | Mar 2023 28.7 | Jun 2023 40.2 | Sep 2023 39.9 | Dec 2023 35.7 | Mar 2024 37.5 | Jun 2024 46.9 | Sep 2024 50.5 | Dec 2024 52.0 | Mar 2025 42.6 | Jun 2025 45.2 | Sep 2025 47.3 | Dec 2025 53.3 | Mar 2026 60.4 | Jun 2026 82.1 - TRITURBINE: Sep 2021 37.6 | Dec 2021 55.2 | Mar 2022 55.0 | Jun 2022 39.4 | Sep 2022 54.5 | Dec 2022 54.9 | Mar 2023 63.3 | Jun 2023 68.0 | Sep 2023 65.3 | Dec 2023 58.1 | Mar 2024 68.6 | Jun 2024 73.3 | Sep 2024 77.0 | Dec 2024 75.5 | Mar 2025 52.8 | Jun 2025 54.0 | Sep 2025 48.0 | Dec 2025 50.6 | Mar 2026 40.8 | Jun 2026 58.9 ## What can make this comparison misleading? - 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. ## Every company - TD Power Systems Ltd (TDPOWERSYS) — market value ₹23.2K Cr; latest fundamentals Jun 2026 - Triveni Turbine Ltd (TRITURBINE) — market value ₹18.8K Cr; latest fundamentals Jun 2026 ## Source standing of each company Cross-checked: 2. Unverified: 0. Withheld: 0. Graded companies: 2. Every company's second-feed figures reconcile against the primary source on overlapping reported periods, so nothing here is unverified or withheld. ## Methodology and freshness Fundamentals through Jun 2026; prices through 2026-08-14. Up to 20 quarters per company. Reported history is normalized to Indian rupees crore. Missing values are not interpolated. Derived metrics are calculated only when their inputs are comparable. ## Frequently asked questions ### 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.