Sector Alpha Week of 2026-08-14
20-quarter listed-company comparison

Capital Goods - Switchgear Stocks in India

Capital Goods - Switchgear: S & S Power Switchgear Ltd owns the largest revenue base AND the fastest current growth.

01 · the index people search for

Nifty Capital Goods - Switchgear Index — Constituents & Performance

All 2 listed Indian Capital Goods - Switchgear companies are named here, largest first — the same constituent set people search for as the Nifty Capital Goods - Switchgear 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.

  1. S & S Power Switchgear Ltd₹505 Cr
  2. RMC Switchgears Ltd₹499 Cr
02 · sector relative strength, before individual stocks

Is Capital Goods - Switchgear outperforming NIFTY 500?

The 52-week comparison of Capital Goods - Switchgear against NIFTY 500 is not available from the current market series. 1 of 2 covered companies currently beats NIFTY on Mansfield relative strength, so leadership inside the sector is selective. S & S Power Switchgear Ltd is the strongest against the sector itself at +16.7%.

Sector vs NIFTY 500 · 13 weeks
Sector vs NIFTY 500 · 52 weeks
1/2Stocks leading NIFTY 500
1/2Stocks leading sector

Sector metric: — as of latest available · unclassified · direction unavailable.

The central tension: current leadership is concentrated, so durability matters more than rank.

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

Bottom line

The 52-week sector comparison is unavailable. 1 of 2 covered companies currently have positive Mansfield relative strength versus NIFTY 500. S & S Power Switchgear Ltd leads with revenue of ₹254 crore, based on 1 of 2 comparable companies through Dec 2025.

Companies
2
complete canonical membership
Combined market value
₹1.0K Cr
S & S Power Switchgear Ltd
Revenue growing
1/1
positive TTM year-on-year growth
Beating NIFTY 500
1/2
positive Mansfield relative strength
Comparing 1 of 2
03 · research priority, made explicit

Best Capital Goods - Switchgear 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%
S & S Power Switchgear Ltd has the strongest current balance of earnings trajectory, business quality, valuation and price confirmation, with 62.5% evidence confidence.
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 - Switchgear Stocks in India

CompanyScorePrice stageGrowth & earnings/35Capital efficiency/25Valuation/20Relative strength/20
1S & S Power Switchgear LtdS&SPOWER 49.9/100Mixed-negative evidence63% evidence BREAKING OUT 19.6/35 Revenue 46.8% · PAT 100% · OPM change 11 pp 71% evidence 3.3/25 ROCE 2.7% · OPM 5.9% 95% evidence 10.0/20 P/E 62.5× · PEG — 0% evidence 17.0/20 RS sector 16.7% · RS bench 19.4% · 1Y 7%11 of 12 weeks ahead 70% evidence
Exact sum: 19.6 + 3.3 + 10 + 17 = 49.9 · Decision use: Balanced evidence: keep at normal research priority and require another comparable period before raising conviction.
2RMC Switchgears LtdRMC 49.8/100Thin evidence · provisional47% evidence TURNING 18.7/35 Revenue — · PAT — · OPM change -5 pp 26% evidence 18.1/25 ROCE 37.5% · OPM 14% 95% evidence 10.0/20 P/E 12.4× · PEG — 0% evidence 3.0/20 RS sector -21.1% · RS bench -21.3% · 1Y -42.3%5 of 12 weeks ahead 70% evidence
Exact sum: 18.7 + 18.1 + 10 + 3 = 49.8 · Decision use: Fill the missing evidence before acting; the ranking is deliberately pulled toward neutral.
04 · what price has already done

Market action

S & S Power Switchgear Ltd has the strongest one-year price move in Capital Goods - Switchgear at +7%. It also leads on Mansfield relative strength against NIFTY at +19.4%. 1 of 2 covered companies is above zero on that measure. Every line covers 313 weekly closes through 2026-04-30.

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.

05 · compare level, then change

Revenue Scale & Growth Durability

S & S Power Switchgear Ltd has the highest Revenue among the 2 Capital Goods - Switchgear companies compared here, at ₹254 crore. The same company also holds the highest Revenue growth, at 46.8%. 1 of 2 companies report a comparable reading, the latest through Dec 2025. Its Revenue series carries 13 reported observations across the 20-quarter window.

What the numbers say: S & S Power Switchgear Ltd is the scale leader at ₹254 crore, S & S Power Switchgear Ltd's growth is 46.8% from a ₹254 crore base, with 13 reported observations in the 20-quarter window. Treat the growth leader as an acceleration candidate, not as equally proven scale.

LeaderS & S Power Switchgear Ltd · ₹254 crore
GapNot enough peers
Persistence6/8 recent comparable periods
Coverage1/2 companies · 19 observations

Investor read: S & S Power Switchgear Ltd is the scale benchmark; S & S Power Switchgear Ltd is the acceleration watch. Promote the challenger only if growth persists and converts into margin and returns.

This conclusion weakens if: S & S Power Switchgear Ltd's growth falls below S & S Power Switchgear 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
1S & S Power Switchgear Ltd S&SPOWER₹254 Cr
Revenue growthfastest growers
Revenue · company comparison
1/2 level · 1/2 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
RMC Switchgears Ltd RMC₹241 Cr130%Sep 2025
S & S Power Switchgear Ltd S&SPOWER₹79 Cr101%Dec 2025
Full 20-quarter history · every available company

Revenue · reported quarter history

RMC Switchgears Ltd · RMC

₹67 Cr
₹87 Cr
₹85 Cr
₹105 Cr
₹213 Cr
₹241 Cr

S & S Power Switchgear Ltd · S&SPOWER

₹41 Cr
₹46 Cr
₹36 Cr
₹34 Cr
₹46 Cr
₹43 Cr
₹36 Cr
₹55 Cr
₹39 Cr
₹56 Cr
₹59 Cr
₹60 Cr
₹79 Cr

Revenue growth · reported quarter history

RMC Switchgears Ltd · RMC

27%
21%
151%
130%

S & S Power Switchgear Ltd · S&SPOWER

12%
-7.1%
0.3%
62%
-15%
29%
64%
10%
101%
06 · compare level, then change

Operating Economics & Margin Trend

RMC Switchgears Ltd has the highest OPM among the 2 Capital Goods - Switchgear companies compared here, at 14%. S & S Power Switchgear Ltd is next at 5.9%. S & S Power Switchgear Ltd has the highest Margin change at +11 percentage points, so level and change sit with different companies.

What the numbers say: RMC Switchgears Ltd leads opm at 14%; S & S Power Switchgear Ltd leads margin change at +11 percentage points.

LeaderRMC Switchgears Ltd · 14%
Gap136.5% versus #2 · S & S Power Switchgear Ltd
Persistence2/8 recent comparable periods
Coverage2/2 companies · 30 observations

Investor read: RMC Switchgears 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
Margin changefastest expanders
1S & S Power Switchgear Ltd S&SPOWER+11.0 pp
2RMC Switchgears Ltd RMC−5.0 pp
Operating margin · company comparison
2/2 level · 2/2 change
All-company data · latest reported quarter
CompanyOPMMargin changeReported
RMC Switchgears Ltd RMC14%−5.0 ppSep 2025
S & S Power Switchgear Ltd S&SPOWER5.9%+11.0 ppDec 2025
Full 20-quarter history · every available company

OPM · reported quarter history

RMC Switchgears Ltd · RMC

18%
17%
11%
24%
18%
23%
16%
19%
16%
14%

S & S Power Switchgear Ltd · S&SPOWER

0.9%
-12%
-6.9%
-6.8%
-7.5%
-4.4%
-10%
9.2%
2.9%
3.4%
6.3%
10.0%
6.7%
-0.9%
9.4%
-5.1%
0.4%
5.1%
-4.7%
5.9%

Margin change · reported quarter history

RMC Switchgears Ltd · RMC

+4.7 pp
−1.9 pp
−7.3 pp
+6.8 pp
+7.4 pp
−0.9 pp
−2.0 pp
−4.0 pp
0.0 pp
−5.0 pp

S & S Power Switchgear Ltd · S&SPOWER

+12.9 pp
−4.6 pp
−13.4 pp
−11.2 pp
−8.5 pp
+7.1 pp
−3.3 pp
+15.9 pp
+10.4 pp
+7.8 pp
+16.5 pp
+0.8 pp
+3.9 pp
−4.3 pp
+3.1 pp
−15.0 pp
−6.3 pp
+6.0 pp
−14.1 pp
+11.0 pp
07 · compare level, then change

Profit Scale & Acceleration

S & S Power Switchgear Ltd has the highest Net profit among the 2 Capital Goods - Switchgear companies compared here, at ₹8 crore. 1 of 2 companies report a comparable reading, the latest through Dec 2025. Its Net profit series carries 13 reported observations across the 20-quarter window.

What the numbers say: S & S Power Switchgear Ltd leads net profit at ₹8 crore; the second comparison lacks enough current evidence.

LeaderS & S Power Switchgear Ltd · ₹8 crore
GapNot enough peers
Persistence2/6 recent comparable periods
Coverage1/2 companies · 19 observations

Investor read: S & S Power Switchgear 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
Profit growthfastest growers
Not enough comparable data
Net profit · company comparison
1/2 level · 0/2 change
All-company data · latest reported quarter
CompanyNet profitProfit growthReported
RMC Switchgears Ltd RMC₹20 Cr100%Sep 2025
S & S Power Switchgear Ltd S&SPOWER₹4 Cr-24%Dec 2025
Full 20-quarter history · every available company

Net profit · reported quarter history

RMC Switchgears Ltd · RMC

₹6 Cr
₹8 Cr
₹7 Cr
₹10 Cr
₹21 Cr
₹20 Cr

S & S Power Switchgear Ltd · S&SPOWER

₹11 Cr
₹1 Cr
₹-0 Cr
₹0 Cr
₹3 Cr
₹1 Cr
₹-2 Cr
₹4 Cr
₹-5 Cr
₹-0 Cr
₹2 Cr
₹3 Cr
₹4 Cr

Profit growth · reported quarter history

RMC Switchgears Ltd · RMC

17%
25%
200%
100%

S & S Power Switchgear Ltd · S&SPOWER

-70%
3.2%
997%
-254%
-117%
-24%
08 · compare level, then change

Return On Capital Employed

RMC Switchgears Ltd has the highest ROCE among the 2 Capital Goods - Switchgear companies compared here, at 37.5%. S & S Power Switchgear Ltd is next at 2.7%. The same company also holds the highest ROCE change, at +6 percentage points. 2 of 2 companies report a comparable reading, the latest through Sep 2025.

What the numbers say: RMC Switchgears Ltd leads ROCE at 37.5%, 34.8 percentage points above S & S Power Switchgear Ltd. RMC Switchgears Ltd has the strongest latest improvement at +6 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.

LeaderRMC Switchgears Ltd · 37.5%
Gap13.7× versus #2 · S & S Power Switchgear Ltd
PersistenceNot enough history
Coverage2/2 companies · 0 observations

Investor read: RMC Switchgears 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
ROCE changefastest improvers
2S & S Power Switchgear Ltd S&SPOWER−17.0 pp
Return on capital · company comparison
2/2 level · 2/2 change
All-company data · latest reported quarter
CompanyROCEROCE changeReported
RMC Switchgears Ltd RMC38%+6.0 ppSep 2025
S & S Power Switchgear Ltd S&SPOWER2.7%−17.0 ppDec 2025
Full 20-quarter history · every available company

No consistent historical series is available for roce.

No consistent historical series is available for roce change.

09 · compare level, then change

Valuation Against Growth & Quality

No company in this Capital Goods - Switchgear comparison reports a valuation figure this section can compare, so the PEG rank is empty. On P/E, RMC Switchgears Ltd is lowest at 12.4×, across 2 of 2 companies with a usable reading. PEG asks what price is being paid for growth; P/E keeps that answer anchored to the actual earnings multiple.

What the numbers say: There is not enough comparable evidence to name a reliable peg leader.

LeaderNo comparable leader
GapNot enough peers
PersistenceNot enough history
Coverage0/2 companies · 0 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
Not enough comparable data
P/Elowest P/E
Valuation · company comparison
0/2 level · 2/2 change
All-company data · latest reported quarter
CompanyPEGP/EReported
S & S Power Switchgear Ltd S&SPOWER676.0Dec 2025
RMC Switchgears Ltd RMC25.1Sep 2025
Full 20-quarter history · every available company

No consistent historical series is available for peg.

P/E · reported quarter history

RMC Switchgears Ltd · RMC

2.6
3.5
6.3
18.0
44.9
127.4
98.2
56.2
43.8
25.1

S & S Power Switchgear Ltd · S&SPOWER

49.6
44.9
53.6
97.7
72.0
64.6
366.6
676.0
10 · before the conclusion, check the blind spots

What can make this comparison misleading?

This Capital Goods - Switchgear comparison names 5 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. 3 of the 5 ranked sections have fewer than three usable current readings. 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.
  • Thin comparisons: Revenue, Net profit, Valuation have fewer than three usable current readings.
11 · evidence and freshness

How was this comparison built?

This comparison is built from the reported filings of 2 Capital Goods - Switchgear companies, normalized to a common ₹ scale and a shared quarter axis of up to 20 quarters each. Fundamentals run through Dec 2025 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.

FundamentalsThrough Dec 2025 · up to 20 quarters per company
Market dataThrough 2026-08-14 · 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 standing0 cross-checked · 2 unverified · 0 withheld, of 2 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.

12 · questions investors ask, short speakable answers

Capital Goods - Switchgear company comparison FAQs

These 20 answers restate the Capital Goods - Switchgear 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 Dec 2025. 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 - Switchgear sector outperforming NIFTY 500?

The 52-week sector comparison is unavailable. 1 of 2 covered companies currently have positive Mansfield relative strength versus NIFTY 500.

Which Capital Goods - Switchgear company is largest by revenue?

S & S Power Switchgear Ltd leads with revenue of ₹254 crore, based on 1 of 2 comparable companies through Dec 2025.

Which Capital Goods - Switchgear company is growing fastest?

S & S Power Switchgear Ltd has the fastest current revenue growth at 46.8%, across 1 of 2 comparable companies.

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

S & S Power Switchgear Ltd ranks first at 49.9/100 with 62.5% evidence confidence. The score prioritizes research; it is not a buy recommendation.

How much history does this Capital Goods - Switchgear comparison include?

The page compares up to 20 reported quarters per company for fundamentals, returns and valuation, ending Dec 2025. 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 - Switchgear 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 - Switchgear, this page builds its own equal-weight basket of 2 listed Capital Goods - Switchgear companies — one company, one vote, regardless of market value — so no single large company dominates the reading. Figures are as of Dec 2025.

Which are the best Capital Goods - Switchgear stocks in India?

Ranked by this page's four-factor score, S & S Power Switchgear Ltd places first among 2 listed Capital Goods - Switchgear companies, followed by RMC Switchgears Ltd. That is a ranking of published data — earnings, quality, valuation and market behaviour as of Dec 2025 — and not a recommendation; Sector Alpha is not registered with SEBI as an investment adviser.

How many Capital Goods - Switchgear stocks are listed in India?

This comparison covers 2 listed Capital Goods - Switchgear 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 Dec 2025.

Which Capital Goods - Switchgear company is the biggest?

S & S Power Switchgear Ltd is the largest, with trailing-twelve-month revenue of ₹254 crore. That covers 1 of 2 companies with comparable reporting through Dec 2025.

Which Capital Goods - Switchgear company has the best profit margins?

RMC Switchgears Ltd has the highest operating margin at 14%, from 2 of 2 comparable companies. S & S Power Switchgear Ltd shows the biggest recent improvement, at +11 percentage points. A high margin matters most when it is holding or rising, not when it is peaking.

Which Capital Goods - Switchgear company makes the most profit?

S & S Power Switchgear Ltd earns the most, at ₹8 crore of trailing-twelve-month net profit, from 1 of 2 comparable companies.

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

RMC Switchgears Ltd leads on return on capital employed at 37.5%, 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 - Switchgear stock has the strongest price momentum?

S & S Power Switchgear 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 - Switchgear company scores highest for research priority?

S & S Power Switchgear Ltd scores 49.9 out of 100 with 62.5% evidence confidence, from 19.6 points on growth and earnings, 3.3 on capital efficiency, 10 on valuation and 17 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 - Switchgear companies does this comparison cover, and over what period?

It compares 2 listed companies over up to 20 reported quarters of fundamentals, ending Dec 2025, 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 - Switchgear sector?

The 2 Capital Goods - Switchgear companies on this page carry ₹1,004 crore of combined market value. S & S Power Switchgear Ltd is the largest at ₹505 crore, about 50% of the sector's total on its own. Market value moves with price, so this reading is dated 2026-08-14.

How is the Capital Goods - Switchgear sector performing?

1 of the 2 covered Capital Goods - Switchgear companies are beating NIFTY 500 on Mansfield relative strength. A 52-week sector-versus-index comparison is not available from the current market series for this sector, so it is not quoted. Readings are as of 2026-08-14.

Why are some values on this page blank?

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

Is this investment advice?

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

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