Sector Alpha Week of 2026-08-18
20-quarter listed-company comparison

Capital Goods - Transformers Stocks in India

Capital Goods - Transformers: CG Power & Industrial Solutions Ltd owns the largest revenue base; Marsons Ltd has the fastest current growth.

01 · the index people search for

Nifty Capital Goods - Transformers Index — Constituents & Performance

The Capital Goods - Transformers companies below are the listed Indian Capital Goods - Transformers universe this page tracks — the same constituent set people search for as the Nifty Capital Goods - Transformers index. Every figure is equal-weighted across those companies, so one large constituent cannot set the reading. Each number carries its own as-of date.

02 · the sector itself · before any single company

How has Capital Goods - Transformers moved against NIFTY 500?

The line below covers up to 5.2 years and opens on the 5Y view; the buttons cut it shorter. Over the most recent two of them this sector is 55% ahead of NIFTY 500. Earnings across its companies grew 16% on average over the last four reported quarters.

FADING · −2 in 4w~Price and the fundamentals both up2 of 11 companies ahead of NIFTY 500 by 5% or more over three months1 is 20% or more behind over a year while earnings grew 20% or more

RS ↑1w · 6/11 >200d (−1) · 2/11 lead (−2) · EPS 6/11↑

20050010002000500020262025202420232022 6456324 TRAILING 12-MONTH EPS · 100 AT THE START0100268Jun 22Dec 22Jun 23Dec 23Jun 24Dec 24Jun 25Dec 25Jun 26Jun 2022 · trailing 12-month earnings per share at 100, against 100 at the start · no comparable year yet · 5 reportingSep 2022 · trailing 12-month earnings per share at 104, against 100 at the start · no comparable year yet · 5 reportingDec 2022 · trailing 12-month earnings per share at 113, against 100 at the start · no comparable year yet · 5 reportingMar 2023 · trailing 12-month earnings per share at 139, against 100 at the start · no comparable year yet · 5 reportingJun 2023 · trailing 12-month earnings per share at 156, against 100 at the start · up 55.9% on a year ago · 5 reportingSep 2023 · trailing 12-month earnings per share at 172, against 100 at the start · up 69.8% on a year ago · 7 reportingDec 2023 · trailing 12-month earnings per share at 189, against 100 at the start · up 144.5% on a year ago · 7 reportingMar 2024 · trailing 12-month earnings per share at 174, against 100 at the start · up 53.7% on a year ago · 8 reportingJun 2024 · trailing 12-month earnings per share at 223, against 100 at the start · up 41.4% on a year ago · 7 reportingSep 2024 · trailing 12-month earnings per share at 221, against 100 at the start · up 47.8% on a year ago · 8 reportingDec 2024 · trailing 12-month earnings per share at 227, against 100 at the start · up 20.1% on a year ago · 7 reportingMar 2025 · trailing 12-month earnings per share at 226, against 100 at the start · up 23.2% on a year ago · 9 reportingJun 2025 · trailing 12-month earnings per share at 238, against 100 at the start · up 40.3% on a year ago · 7 reportingSep 2025 · trailing 12-month earnings per share at 253, against 100 at the start · up 35.9% on a year ago · 9 reportingDec 2025 · trailing 12-month earnings per share at 268, against 100 at the start · up 17.0% on a year ago · 7 reportingMar 2026 · trailing 12-month earnings per share at 213, against 100 at the start · up 11.9% on a year ago · 9 reportingJun 2026 · trailing 12-month earnings per share at 221, against 100 at the start · down 1.1% on a year ago · 7 reportingNot reported yet — earnings trail price by a quarter or two221No earnings on file this far back — the price series reaches further than the filings do
20050010002000500020262025202420232022 6456324 TRAILING 12-MONTH EPS · 100 AT THE START0100268Jun 22Jun 23Jun 24Jun 25Jun 26Jun 2022 · trailing 12-month earnings per share at 100, against 100 at the start · no comparable year yet · 5 reportingSep 2022 · trailing 12-month earnings per share at 104, against 100 at the start · no comparable year yet · 5 reportingDec 2022 · trailing 12-month earnings per share at 113, against 100 at the start · no comparable year yet · 5 reportingMar 2023 · trailing 12-month earnings per share at 139, against 100 at the start · no comparable year yet · 5 reportingJun 2023 · trailing 12-month earnings per share at 156, against 100 at the start · up 55.9% on a year ago · 5 reportingSep 2023 · trailing 12-month earnings per share at 172, against 100 at the start · up 69.8% on a year ago · 7 reportingDec 2023 · trailing 12-month earnings per share at 189, against 100 at the start · up 144.5% on a year ago · 7 reportingMar 2024 · trailing 12-month earnings per share at 174, against 100 at the start · up 53.7% on a year ago · 8 reportingJun 2024 · trailing 12-month earnings per share at 223, against 100 at the start · up 41.4% on a year ago · 7 reportingSep 2024 · trailing 12-month earnings per share at 221, against 100 at the start · up 47.8% on a year ago · 8 reportingDec 2024 · trailing 12-month earnings per share at 227, against 100 at the start · up 20.1% on a year ago · 7 reportingMar 2025 · trailing 12-month earnings per share at 226, against 100 at the start · up 23.2% on a year ago · 9 reportingJun 2025 · trailing 12-month earnings per share at 238, against 100 at the start · up 40.3% on a year ago · 7 reportingSep 2025 · trailing 12-month earnings per share at 253, against 100 at the start · up 35.9% on a year ago · 9 reportingDec 2025 · trailing 12-month earnings per share at 268, against 100 at the start · up 17.0% on a year ago · 7 reportingMar 2026 · trailing 12-month earnings per share at 213, against 100 at the start · up 11.9% on a year ago · 9 reportingJun 2026 · trailing 12-month earnings per share at 221, against 100 at the start · down 1.1% on a year ago · 7 reportingNot reported yet — earnings trail price by a quarter or twoNo earnings on file this far back — the price series reaches further than the filings do
Capital Goods - Transformers, equal-weighted, based at 200 NIFTY 500, same base, same start trailing 12-month earnings per share rising falling

Both lines start at 200 in the same week, so the distance between them is the whole story: the sector line is an equal-weighted index of its 11 companies. The bars underneath are trailing 12-month earnings per share, one bar per reported quarter, each member rebased to 100 at the start and the sector taking the median — so a price line pulling away from flat bars is a re-rating, not earnings. A bar turns red when that figure is lower than the quarter before. Rules are fixed and applied identically everywhere on this site: ahead by 5% or more over three months, or behind by 20% or more over a year while earnings grew 20% or more. Hover any point to read both values and the gap. This is a description of what the numbers did, not advice.

03 · sector relative strength, before individual stocks

Is Capital Goods - Transformers outperforming NIFTY 500?

Capital Goods - Transformers has outperformed NIFTY 500 by 9.4% over the last 52 weeks. Over 13 weeks the gap is a lead of 0.8%. 5 of 12 covered companies currently beat NIFTY on Mansfield relative strength, so leadership inside the sector is selective. Indo Tech Transformers Ltd is the strongest against the sector itself at +56.6%.

+0.8%Sector vs NIFTY 500 · 13 weeks
+9.4%Sector vs NIFTY 500 · 52 weeks
5/12Stocks leading NIFTY 500
5/12Stocks leading sector

Sector metric: 48.2 as of 2026-08-09 · NARROWING · rising.

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 - Transformers has outperformed NIFTY 500 by 9.4% over 52 weeks and 0.8% over 13 weeks. 5 of 12 covered companies beat NIFTY on Mansfield relative strength, while 5 of 12 beat the sector itself. CG Power & Industrial Solutions Ltd leads with revenue of ₹12,821 crore, based on 10 of 12 comparable companies through Jun 2026.

Companies
12
complete canonical membership
Combined market value
₹2.1 L Cr
CG Power & Industrial Solutions Ltd
Revenue growing
8/10
positive TTM year-on-year growth
Beating NIFTY 500
5/12
positive Mansfield relative strength
Comparing 5 of 12
04 · research priority, made explicit

Best Capital Goods - Transformers 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%
Indo Tech Transformers Ltd has the strongest current balance of earnings trajectory, business quality, valuation and price confirmation, with 100% evidence confidence.
Voltamp Transformers Ltd has stronger price confirmation than earnings confirmation; that is a research prompt, not permission to chase.
How this score is built, and what the marks mean

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

Top 10 Capital Goods - Transformers Stocks in India

CompanyScorePrice stageGrowth & earnings/35Capital efficiency/25Valuation/20Relative strength/20
1Indo Tech Transformers LtdINDOTECH 79.5/100Favorable setup100% evidence LEADER 29.1/35 Revenue 22.1% · PAT 29.9% · OPM change -1 pp 100% evidence 18.3/25 ROCE 37.7% · OPM 14% 100% evidence 12.1/20 P/E 38× · PEG 0.74 100% evidence 20.0/20 RS sector 56.6% · RS bench 72.2% · 1Y 126.9%12 of 12 weeks ahead 100% evidence
Exact sum: 29.1 + 18.3 + 12.1 + 20 = 79.5 · Decision use: Confirmed research leader: earnings, capital efficiency and relative strength agree. Move to management, catalyst and risk diligence.
2Marsons LtdMARSONS 59.2/100Mixed-positive evidence81% evidence BASING 26.3/35 Revenue 33.5% · PAT 43.6% · OPM change -0.9 pp 95% evidence 15.0/25 ROCE 25.4% · OPM 14.7% 95% evidence 12.2/20 P/E 40.7× · PEG — 50% evidence 5.7/20 RS sector -14.5% · RS bench -30.6% · 1Y -44.4%0 of 11 weeks ahead 70% evidence
Exact sum: 26.3 + 15 + 12.2 + 5.7 = 59.2 · Decision use: Acceleration candidate, not a confirmed leader: earnings are strong but sector-relative strength is -14.5% and the one-year return is -44.4%. Do not upgrade until sector-relative strength is above zero and another reported period confirms growth.
3Supreme Power Equipment LtdSUPREMEPWR 53.3/100Mixed-positive evidence87% evidence ASLEEP 20.5/35 Revenue 23.9% · PAT 3.6% · OPM change -0.6 pp 95% evidence 17.1/25 ROCE 22% · OPM 18.3% 95% evidence 12.9/20 P/E 22.1× · PEG — 50% evidence 2.8/20 RS sector -20.2% · RS bench -10.3% · 1Y -1.7%7 of 12 weeks ahead 100% evidence
Exact sum: 20.5 + 17.1 + 12.9 + 2.8 = 53.3 · Decision use: Balanced evidence: keep at normal research priority and require another comparable period before raising conviction.
4CG Power & Industrial Solutions LtdCGPOWER 50.8/100Mixed-positive evidence100% evidence FADING 18.9/35 Revenue 21.4% · PAT 24% · OPM change -1 pp 100% evidence 16.4/25 ROCE 26.7% · OPM 12% 100% evidence 3.7/20 P/E 110× · PEG 5.21 100% evidence 11.8/20 RS sector 2.5% · RS bench 14.9% · 1Y 33.6%8 of 12 weeks ahead 100% evidence
Exact sum: 18.9 + 16.4 + 3.7 + 11.8 = 50.8 · Decision use: Strong business, demanding price: keep it on the quality list, but require either earnings upgrades or valuation compression.
5Voltamp Transformers LtdVOLTAMP 47.5/100Mixed-negative evidence100% evidence TURNING 14.6/35 Revenue 17.8% · PAT -2.8% · OPM change -2 pp 100% evidence 14.8/25 ROCE 23.5% · OPM 15% 100% evidence 3.1/20 P/E 32.4× · PEG 4.92 100% evidence 15.0/20 RS sector 2.8% · RS bench 15.7% · 1Y 27%4 of 12 weeks ahead 100% evidence
Exact sum: 14.6 + 14.8 + 3.1 + 15 = 47.5 · Decision use: Price leads the evidence: RS versus the benchmark is 15.7%, but earnings trajectory is weak. Wait for revenue and profit confirmation.
6Transformers & Rectifiers India LtdTARIL 45.7/100Mixed-negative evidence75% evidence ASLEEP 14.9/35 Revenue 14.7% · PAT 2.3% · OPM change -1 pp 95% evidence 14.3/25 ROCE 23.3% · OPM 16% 76% evidence 9.9/20 P/E 34.6× · PEG — 15% evidence 6.6/20 RS sector -24.1% · RS bench -14.4% · 1Y -39.3%5 of 12 weeks ahead 100% evidence
Exact sum: 14.9 + 14.3 + 9.9 + 6.6 = 45.7 · Decision use: Balanced evidence: keep at normal research priority and require another comparable period before raising conviction.
7Shilchar Technologies LtdSHILCTECH 41.8/100Mixed-negative evidence82% evidence BASING 5.5/35 Revenue -7.1% · PAT -16.5% · OPM change -17 pp 95% evidence 20.3/25 ROCE 50.7% · OPM 16% 76% evidence 9.1/20 P/E 32.5× · PEG — 50% evidence 6.9/20 RS sector -19.2% · RS bench -8.9% · 1Y -24.6%3 of 12 weeks ahead 100% evidence
Exact sum: 5.5 + 20.3 + 9.1 + 6.9 = 41.8 · Decision use: Balanced evidence: keep at normal research priority and require another comparable period before raising conviction.
8Schneider Electric Infrastructure LtdSCHNEIDER 38.8/100Mixed-negative evidence100% evidence FADING 5.8/35 Revenue 9.5% · PAT -29.9% · OPM change -6 pp 100% evidence 14.1/25 ROCE 29.6% · OPM 5% 100% evidence 5.4/20 P/E 169× · PEG 2.79 100% evidence 13.5/20 RS sector 23.7% · RS bench 37% · 1Y 46.5%10 of 12 weeks ahead 100% evidence
Exact sum: 5.8 + 14.1 + 5.4 + 13.5 = 38.8 · Decision use: Price leads the evidence: RS versus the benchmark is 37%, but earnings trajectory is weak. Wait for revenue and profit confirmation.
9Ujaas Energy LtdUEL 36.4/100Mixed-negative evidence74% evidence TURNING 8.9/35 Revenue -26.9% · PAT -47.7% · OPM change 30.2 pp 95% evidence 2.8/25 ROCE 3.9% · OPM -92.1% 95% evidence 8.5/20 P/E 795× · PEG — 15% evidence 16.2/20 RS sector 42.2% · RS bench 61.3% · 1Y 91.6%2 of 12 weeks ahead 70% evidence
Exact sum: 8.9 + 2.8 + 8.5 + 16.2 = 36.4 · Decision use: Price leads the evidence: RS versus the benchmark is 61.3%, but earnings trajectory is weak. Wait for revenue and profit confirmation.
10Bharat Bijlee LtdBBL 29.6/100Adverse evidence100% evidence ASLEEP 15.8/35 Revenue 18.2% · PAT -18.8% · OPM change -2 pp 100% evidence 4.3/25 ROCE 8.4% · OPM 5% 100% evidence 8.6/20 P/E 23.1× · PEG 4.48 100% evidence 0.9/20 RS sector -28.6% · RS bench -18.8% · 1Y -18.4%7 of 12 weeks ahead 100% evidence
Exact sum: 15.8 + 4.3 + 8.6 + 0.9 = 29.6 · Decision use: Balanced evidence: keep at normal research priority and require another comparable period before raising conviction.
11Danish Power LtdDANISH 51.0/100Thin evidence · provisional50% evidence ASLEEP 15.9/35 Revenue — · PAT — · OPM change -2 pp 26% evidence 17.5/25 ROCE 23.4% · OPM 18% 95% evidence 11.5/20 P/E 21.8× · PEG — 15% evidence 6.1/20 RS sector -20.2% · RS bench -3.8% · 1Y -14.8%6 of 10 weeks ahead 70% evidence
Exact sum: 15.9 + 17.5 + 11.5 + 6.1 = 51 · Decision use: Fill the missing evidence before acting; the ranking is deliberately pulled toward neutral.
12Vilas Transcore LtdVILAS 44.2/100Thin evidence · provisional50% evidence BASING 17.6/35 Revenue — · PAT — · OPM change -5 pp 26% evidence 8.8/25 ROCE 16.1% · OPM 9% 95% evidence 10.7/20 P/E 23.2× · PEG — 15% evidence 7.1/20 RS sector -9.6% · RS bench -11.1% · 1Y -31.5%0 of 10 weeks ahead 70% evidence
Exact sum: 17.6 + 8.8 + 10.7 + 7.1 = 44.2 · Decision use: Fill the missing evidence before acting; the ranking is deliberately pulled toward neutral.
Showing 10 of 12 companies
05 · what price has already done

Market action

Indo Tech Transformers Ltd has the strongest one-year price move in Capital Goods - Transformers at +126.9%. It also leads on Mansfield relative strength against NIFTY at +72.2%. 5 of 12 covered companies are above zero on that measure. Every line covers 313 weekly closes through 2026-08-14.

Price and relative strength

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

06 · the story behind the numbers

Capital Goods - Transformers — the story behind the numbers

This is the written read behind the Capital Goods - Transformers figures above — what is actually happening in the sector, in words, with the evidence each claim rests on. It is dated 28 Jul 2026. 5 themes are live here, 1 of them rated high severity.

The sector is investing into growth despite margin headwinds. Order books are full, but commodity volatility threatens bottom-line consistency. INDOTECH's record revenue masks margin compression concerns, while MARSONS' stellar profit surge includes one-off tax credits. Investors should monitor raw material trajectories and capacity expansion execution.

The Capital Goods - Transformers sector displays divergent operational realities among the two analyzed constituents. INDOTECH achieved record revenue of ₹238.99 Cr but faced margin compression, while MARSONS reported a profit surge of 249.1% QoQ driven by operational leverage and tax credits.

How old this read is: This read comes from our Capital Goods - Transformers sector brief dated 28 Jul 2026, so the words here and the numbers above them cover the same few weeks.

What is live in this sector right now

Live themeSeverityEvidence on file
Input cost pressure on materials consumed poses a high risk to margins for INDOTECH. MARSONS profitability vulnerable to CRGO steel (~35%) and copper (~25%) price fluctuations.Named for INDOTECH, MARSONShigh“Input cost pressure on materials consumed poses a high risk to margins.” Not Given for INDOTECH. MARSONS requires continuous investment in environmentally responsible production processes.
Export disruption may affect 10-15% of revenue from international markets for INDOTECH; MARSONS faces trade policy risks in US market.Named for INDOTECH, MARSONSmedium“Export disruption may affect 10-15% of revenue from international markets.” INDOTECH limiting exports to 10% mostly in developed countries. MARSONS notes international expansion provides revenue diversification.
Exposure to stringent pollution control norms and evolving ESG regulations requiring continuous investment in emission-control technologies and waste management systems.Named for MARSONSmedium“Exposure to stringent pollution control norms and evolving ESG regulations requiring continuous investment in emission-control technologies and waste management systems.” Compliance requires continuous investment in environmentally responsible production processes
Injunction suits filed regarding union disputes and management changes.Named for INDOTECHmedium“Injunction suits filed regarding union disputes and management changes.”
Industry-wide lead time constraints for large power installations ranging from 80 to 210 weeks; execution delays flagged as key risk to watch.Named for MARSONSlow“Industry-wide lead time constraints for large power installations ranging from 80 to 210 weeks; execution delays flagged as key risk to watch.”

Sources: our Capital Goods - Transformers sector brief, 28 Jul 2026 · company earnings-call transcripts.

07 · compare level, then change

Revenue Scale & Growth Durability

CG Power & Industrial Solutions Ltd has the highest Revenue among the 12 Capital Goods - Transformers companies compared here, at ₹12,821 crore. Schneider Electric Infrastructure Ltd is next at ₹2,920 crore. Marsons Ltd has the highest Revenue growth at 33.5%, so level and change sit with different companies. Its Revenue series carries 20 reported observations across the 20-quarter window.

What the numbers say: CG Power & Industrial Solutions Ltd is the scale leader at ₹12,821 crore, 339.1% ahead of Schneider Electric Infrastructure Ltd. Marsons Ltd's growth is 33.5% from a ₹248 crore base, with 15 reported observations in the 20-quarter window. Treat the growth leader as an acceleration candidate, not as equally proven scale.

LeaderCG Power & Industrial Solutions Ltd · ₹12,821 crore
Gap339.1% versus #2 · Schneider Electric Infrastructure Ltd
Persistence8/8 recent comparable periods
Coverage10/12 companies · 183 observations

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

This conclusion weakens if: CG Power & Industrial Solutions Ltd's growth falls below Marsons 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
4Bharat Bijlee Ltd BBL₹2.4K Cr
5Voltamp Transformers Ltd VOLTAMP₹2.3K Cr
Revenue growthfastest growers
1Marsons Ltd MARSONS⚠ unverified34%
Revenue · company comparison
10/12 level · 10/12 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
CG Power & Industrial Solutions Ltd CGPOWER₹3.3K Cr14%Jun 2026
Schneider Electric Infrastructure Ltd SCHNEIDER₹651 Cr4.7%Jun 2026
Transformers & Rectifiers India Ltd TARIL₹572 Cr8.1%Jun 2026
Bharat Bijlee Ltd BBL₹547 Cr18%Jun 2026
Voltamp Transformers Ltd VOLTAMP₹544 Cr28%Jun 2026
Danish Power Ltd DANISH⚠ unverified₹310 Cr18%Mar 2026
Vilas Transcore Ltd VILAS⚠ unverified₹232 Cr21%Mar 2026
Indo Tech Transformers Ltd INDOTECH₹228 Cr39%Jun 2026
Shilchar Technologies Ltd SHILCTECH₹135 Cr-15%Jun 2026
Marsons Ltd MARSONS⚠ unverified₹49 Cr4.7%Jun 2026
Supreme Power Equipment Ltd SUPREMEPWR₹48 Cr38%Jun 2026
Ujaas Energy Ltd UEL⚠ unverified₹3 Cr14%Jun 2026
Full 20-quarter history · every available company

Revenue · reported quarter history

Bharat Bijlee Ltd · BBL

₹305 Cr
₹323 Cr
₹349 Cr
₹277 Cr
₹324 Cr
₹388 Cr
₹430 Cr
₹441 Cr
₹420 Cr
₹424 Cr
₹587 Cr
₹375 Cr
₹394 Cr
₹514 Cr
₹619 Cr
₹465 Cr
₹473 Cr
₹568 Cr
₹767 Cr
₹547 Cr

CG Power & Industrial Solutions Ltd · CGPOWER

₹1.5K Cr
₹1.6K Cr
₹1.4K Cr
₹1.7K Cr
₹1.7K Cr
₹1.8K Cr
₹1.9K Cr
₹1.9K Cr
₹2.0K Cr
₹2.0K Cr
₹2.2K Cr
₹2.2K Cr
₹2.4K Cr
₹2.5K Cr
₹2.8K Cr
₹2.9K Cr
₹2.9K Cr
₹3.2K Cr
₹3.4K Cr
₹3.3K Cr

Danish Power Ltd · DANISH⚠ unverified

₹164 Cr
₹262 Cr
₹212 Cr
₹310 Cr

Indo Tech Transformers Ltd · INDOTECH

₹76 Cr
₹82 Cr
₹100 Cr
₹54 Cr
₹89 Cr
₹84 Cr
₹145 Cr
₹93 Cr
₹96 Cr
₹139 Cr
₹175 Cr
₹82 Cr
₹146 Cr
₹177 Cr
₹206 Cr
₹164 Cr
₹183 Cr
₹196 Cr
₹239 Cr
₹228 Cr

Marsons Ltd · MARSONS⚠ unverified

₹2 Cr
₹3 Cr
₹0 Cr
₹2 Cr
₹1 Cr
₹4 Cr
₹30 Cr
₹39 Cr
₹44 Cr
₹56 Cr
₹47 Cr
₹60 Cr
₹46 Cr
₹93 Cr
₹49 Cr

Schneider Electric Infrastructure Ltd · SCHNEIDER

₹302 Cr
₹600 Cr
₹340 Cr
₹371 Cr
₹421 Cr
₹574 Cr
₹411 Cr
₹495 Cr
₹496 Cr
₹744 Cr
₹472 Cr
₹593 Cr
₹600 Cr
₹857 Cr
₹587 Cr
₹622 Cr
₹650 Cr
₹1.0K Cr
₹590 Cr
₹651 Cr

Shilchar Technologies Ltd · SHILCTECH

₹68 Cr
₹95 Cr
₹67 Cr
₹106 Cr
₹118 Cr
₹105 Cr
₹107 Cr
₹131 Cr
₹154 Cr
₹232 Cr
₹159 Cr
₹171 Cr
₹170 Cr
₹152 Cr
₹135 Cr

Supreme Power Equipment Ltd · SUPREMEPWR

₹27 Cr
₹53 Cr
₹24 Cr
₹61 Cr
₹28 Cr
₹31 Cr
₹29 Cr
₹91 Cr
₹35 Cr
₹40 Cr
₹36 Cr
₹106 Cr
₹48 Cr

Transformers & Rectifiers India Ltd · TARIL

₹332 Cr
₹438 Cr
₹156 Cr
₹257 Cr
₹369 Cr
₹513 Cr
₹322 Cr
₹462 Cr
₹559 Cr
₹676 Cr
₹529 Cr
₹460 Cr
₹737 Cr
₹783 Cr
₹572 Cr

Ujaas Energy Ltd · UEL⚠ unverified

₹7 Cr
₹9 Cr
₹7 Cr
₹7 Cr
₹6 Cr
₹7 Cr
₹6 Cr
₹5 Cr
₹8 Cr
₹8 Cr
₹3 Cr
₹5 Cr
₹3 Cr
₹6 Cr
₹3 Cr

Vilas Transcore Ltd · VILAS⚠ unverified

₹159 Cr
₹150 Cr
₹162 Cr
₹191 Cr
₹229 Cr
₹232 Cr

Voltamp Transformers Ltd · VOLTAMP

₹263 Cr
₹315 Cr
₹387 Cr
₹270 Cr
₹318 Cr
₹357 Cr
₹440 Cr
₹322 Cr
₹381 Cr
₹408 Cr
₹504 Cr
₹428 Cr
₹398 Cr
₹484 Cr
₹625 Cr
₹424 Cr
₹483 Cr
₹630 Cr
₹617 Cr
₹544 Cr

Revenue growth · reported quarter history

Bharat Bijlee Ltd · BBL

-3.8%
6.2%
20%
23%
59%
30%
9.3%
37%
-15%
-6.2%
21%
5.5%
24%
20%
11%
24%
18%

CG Power & Industrial Solutions Ltd · CGPOWER

59%
17%
13%
33%
13%
18%
13%
15%
19%
21%
27%
26%
29%
21%
26%
25%
14%

Danish Power Ltd · DANISH⚠ unverified

29%
18%

Indo Tech Transformers Ltd · INDOTECH

135%
17%
2.4%
45%
72%
7.9%
65%
21%
-12%
52%
27%
18%
100%
25%
11%
16%
39%

Marsons Ltd · MARSONS⚠ unverified

-64%
47%
12,891%
2,039%
6,695%
1,380%
57%
55%
4.0%
66%
4.7%

Schneider Electric Infrastructure Ltd · SCHNEIDER

29%
39%
-4.3%
21%
33%
18%
30%
15%
20%
21%
15%
24%
4.9%
8.3%
20%
0.5%
4.7%

Shilchar Technologies Ltd · SHILCTECH

74%
11%
60%
24%
31%
121%
49%
31%
10%
-34%
-15%

Supreme Power Equipment Ltd · SUPREMEPWR

1.0%
-42%
23%
49%
27%
31%
23%
16%
38%

Transformers & Rectifiers India Ltd · TARIL

11%
17%
106%
80%
51%
32%
64%
-0.4%
32%
16%
8.1%

Ujaas Energy Ltd · UEL⚠ unverified

-13%
-21%
-12%
-31%
40%
14%
-58%
3.4%
-57%
-27%
14%

Vilas Transcore Ltd · VILAS⚠ unverified

1.9%
27%
41%
21%

Voltamp Transformers Ltd · VOLTAMP

67%
21%
13%
14%
19%
20%
14%
15%
33%
4.5%
19%
24%
-0.9%
21%
30%
-1.3%
28%
08 · compare level, then change

Operating Economics & Margin Trend

Supreme Power Equipment Ltd has the highest OPM among the 12 Capital Goods - Transformers companies compared here, at 18.3%. Danish Power Ltd is next at 18%. Ujaas Energy Ltd has the highest Margin change at +30.2 percentage points, so level and change sit with different companies. 12 of 12 companies report a comparable reading, the latest through Jun 2026.

What the numbers say: Supreme Power Equipment Ltd leads opm at 18.3%; Ujaas Energy Ltd leads margin change at +30.2 percentage points.

LeaderSupreme Power Equipment Ltd · 18.3%
Gap1.7% versus #2 · Danish Power Ltd
Persistence1/8 recent comparable periods
Coverage12/12 companies · 201 observations

Investor read: Supreme Power Equipment 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
2Danish Power Ltd DANISH⚠ unverified18%
Margin changefastest expanders
1Ujaas Energy Ltd UEL⚠ unverified+30.2 pp
2Supreme Power Equipment Ltd SUPREMEPWR−0.6 pp
3Marsons Ltd MARSONS⚠ unverified−0.9 pp
5Indo Tech Transformers Ltd INDOTECH−1.0 pp
Operating margin · company comparison
12/12 level · 12/12 change
All-company data · latest reported quarter
CompanyOPMMargin changeReported
Supreme Power Equipment Ltd SUPREMEPWR18%−0.6 ppJun 2026
Danish Power Ltd DANISH⚠ unverified18%−2.0 ppMar 2026
Transformers & Rectifiers India Ltd TARIL16%−1.0 ppJun 2026
Shilchar Technologies Ltd SHILCTECH16%−17.0 ppJun 2026
Voltamp Transformers Ltd VOLTAMP15%−2.0 ppJun 2026
Marsons Ltd MARSONS⚠ unverified15%−0.9 ppJun 2026
Indo Tech Transformers Ltd INDOTECH14%−1.0 ppJun 2026
CG Power & Industrial Solutions Ltd CGPOWER12%−1.0 ppJun 2026
Vilas Transcore Ltd VILAS⚠ unverified9.0%−5.0 ppMar 2026
Schneider Electric Infrastructure Ltd SCHNEIDER5.0%−6.0 ppJun 2026
Bharat Bijlee Ltd BBL5.0%−2.0 ppJun 2026
Ujaas Energy Ltd UEL⚠ unverified-92%+30.2 ppJun 2026
Full 20-quarter history · every available company

OPM · reported quarter history

Bharat Bijlee Ltd · BBL

7.4%
7.7%
4.2%
7.9%
7.4%
8.0%
9.0%
7.0%
9.0%
9.0%
11%
8.0%
6.0%
10%
10%
7.0%
7.0%
6.0%
7.0%
5.0%

CG Power & Industrial Solutions Ltd · CGPOWER

12%
13%
11%
11%
15%
16%
14%
14%
15%
13%
13%
15%
12%
13%
13%
13%
13%
13%
14%
12%

Danish Power Ltd · DANISH⚠ unverified

19%
20%
18%
18%

Indo Tech Transformers Ltd · INDOTECH

8.2%
9.6%
7.7%
3.6%
2.1%
6.0%
15%
6.0%
12%
11%
15%
10%
16%
14%
10%
15%
17%
17%
14%
14%

Marsons Ltd · MARSONS⚠ unverified

-14%
-350%
-557%
24%
63%
-117%
28%
49%
16%
17%
15%
9.4%
18%
16%
14%
15%
21%
15%

Schneider Electric Infrastructure Ltd · SCHNEIDER

1.2%
11%
5.0%
7.8%
4.5%
10%
15%
10%
13%
15%
16%
14%
12%
16%
15%
11%
13%
17%
8.0%
5.0%

Shilchar Technologies Ltd · SHILCTECH

6.0%
13%
16%
12%
17%
22%
22%
30%
28%
27%
30%
28%
31%
28%
31%
33%
31%
31%
21%
16%

Supreme Power Equipment Ltd · SUPREMEPWR

18%
20%
21%
21%
21%
19%
10%
18%
19%
19%
14%
18%
18%

Transformers & Rectifiers India Ltd · TARIL

8.0%
5.4%
4.8%
7.6%
10%
9.0%
7.0%
2.8%
8.0%
10%
14%
13%
15%
15%
19%
17%
11%
17%
15%
16%

Ujaas Energy Ltd · UEL⚠ unverified

0.2%
-6.4%
-40%
8.9%
-0.9%
3.0%
31%
-4.6%
-12%
-13%
27%
8.6%
-3.4%
42%
8.0%
-122%
11%
-19%
-9.8%
-92%

Vilas Transcore Ltd · VILAS⚠ unverified

10%
10%
11%
14%
14%
9.0%

Voltamp Transformers Ltd · VOLTAMP

12%
11%
17%
13%
15%
16%
21%
15%
18%
26%
20%
18%
19%
20%
19%
17%
19%
17%
13%
15%

Margin change · reported quarter history

Bharat Bijlee Ltd · BBL

+1.0 pp
−3.3 pp
−0.7 pp
+0.4 pp
+0.0 pp
+0.3 pp
+4.8 pp
−0.9 pp
+1.6 pp
+1.0 pp
+2.0 pp
+1.0 pp
−3.0 pp
+1.0 pp
−1.0 pp
−1.0 pp
+1.0 pp
−4.0 pp
−3.0 pp
−2.0 pp

CG Power & Industrial Solutions Ltd · CGPOWER

+3.4 pp
+1.6 pp
+5.7 pp
+1.4 pp
+3.5 pp
+2.6 pp
+2.8 pp
+2.7 pp
−0.3 pp
−3.0 pp
−1.0 pp
+1.0 pp
−3.0 pp
0.0 pp
0.0 pp
−2.0 pp
+1.0 pp
0.0 pp
+1.0 pp
−1.0 pp

Danish Power Ltd · DANISH⚠ unverified

−1.0 pp
−2.0 pp

Indo Tech Transformers Ltd · INDOTECH

+13.9 pp
+5.9 pp
−5.5 pp
+25.1 pp
−6.2 pp
−3.6 pp
+7.3 pp
+2.5 pp
+9.9 pp
+5.0 pp
0.0 pp
+4.0 pp
+4.0 pp
+3.0 pp
−5.0 pp
+5.0 pp
+1.0 pp
+3.0 pp
+4.0 pp
−1.0 pp

Marsons Ltd · MARSONS⚠ unverified

+1,092.9 pp
+76.5 pp
+232.6 pp
+585.5 pp
+25.2 pp
−46.7 pp
+134.3 pp
−13.2 pp
−39.8 pp
+2.2 pp
−1.4 pp
−0.8 pp
+5.5 pp
+2.4 pp
−0.9 pp

Schneider Electric Infrastructure Ltd · SCHNEIDER

−7.0 pp
+1.0 pp
+7.0 pp
+8.5 pp
+3.3 pp
−1.2 pp
+10.0 pp
+2.2 pp
+8.5 pp
+5.0 pp
+1.0 pp
+4.0 pp
−1.0 pp
+1.0 pp
−1.0 pp
−3.0 pp
+1.0 pp
+1.0 pp
−7.0 pp
−6.0 pp

Shilchar Technologies Ltd · SHILCTECH

−4.1 pp
+0.5 pp
+14.5 pp
+8.2 pp
+11.3 pp
+9.2 pp
+6.4 pp
+18.1 pp
+10.7 pp
+5.0 pp
+8.0 pp
−2.0 pp
+3.0 pp
+1.0 pp
+1.0 pp
+5.0 pp
0.0 pp
+3.0 pp
−10.0 pp
−17.0 pp

Supreme Power Equipment Ltd · SUPREMEPWR

+3.2 pp
−1.1 pp
−10.9 pp
−3.0 pp
−2.2 pp
−0.2 pp
+3.7 pp
0.0 pp
−0.6 pp

Transformers & Rectifiers India Ltd · TARIL

−3.4 pp
−5.3 pp
−2.8 pp
−0.0 pp
+2.5 pp
+3.6 pp
+2.2 pp
−4.8 pp
−2.5 pp
+1.0 pp
+7.0 pp
+10.2 pp
+7.0 pp
+5.0 pp
+5.0 pp
+4.0 pp
−4.0 pp
+2.0 pp
−4.0 pp
−1.0 pp

Ujaas Energy Ltd · UEL⚠ unverified

+215.3 pp
+27.8 pp
+65.6 pp
−25.6 pp
−1.1 pp
+9.4 pp
+70.4 pp
−13.5 pp
−11.5 pp
−15.5 pp
−3.5 pp
+13.2 pp
+9.0 pp
+54.2 pp
−19.4 pp
−130.9 pp
+14.3 pp
−60.7 pp
−17.7 pp
+30.2 pp

Vilas Transcore Ltd · VILAS⚠ unverified

+1.0 pp
+4.0 pp
+3.0 pp
−5.0 pp

Voltamp Transformers Ltd · VOLTAMP

−1.9 pp
+0.1 pp
+5.6 pp
+9.3 pp
+2.7 pp
+5.1 pp
+3.8 pp
+1.6 pp
+3.4 pp
+10.0 pp
−1.0 pp
+3.0 pp
+1.0 pp
−6.0 pp
−1.0 pp
−1.0 pp
0.0 pp
−3.0 pp
−6.0 pp
−2.0 pp
09 · compare level, then change

Profit Scale & Acceleration

CG Power & Industrial Solutions Ltd has the highest Net profit among the 12 Capital Goods - Transformers companies compared here, at ₹1,239 crore. Voltamp Transformers Ltd is next at ₹317 crore. Marsons Ltd has the highest Profit growth at 43.6%, so level and change sit with different companies.

What the numbers say: CG Power & Industrial Solutions Ltd leads with ₹1,239 crore of TTM profit, 290.9% above Voltamp Transformers Ltd. Marsons Ltd shows 43.6% growth from a ₹44 crore profit base. Compare the size of the base and persistence before ranking acceleration above profit scale.

LeaderCG Power & Industrial Solutions Ltd · ₹1,239 crore
Gap290.9% versus #2 · Voltamp Transformers Ltd
Persistence6/8 recent comparable periods
Coverage10/12 companies · 183 observations

Investor read: CG Power & Industrial Solutions 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
2Voltamp Transformers Ltd VOLTAMP₹317 Cr
5Shilchar Technologies Ltd SHILCTECH₹137 Cr
Profit growthfastest growers
1Marsons Ltd MARSONS⚠ unverified44%
Net profit · company comparison
10/12 level · 10/12 change
All-company data · latest reported quarter
CompanyNet profitProfit growthReported
CG Power & Industrial Solutions Ltd CGPOWER₹308 Cr15%Jun 2026
Voltamp Transformers Ltd VOLTAMP₹91 Cr14%Jun 2026
Transformers & Rectifiers India Ltd TARIL₹64 Cr-4.5%Jun 2026
Danish Power Ltd DANISH⚠ unverified₹40 Cr14%Mar 2026
Indo Tech Transformers Ltd INDOTECH₹26 Cr37%Jun 2026
Shilchar Technologies Ltd SHILCTECH₹21 Cr-49%Jun 2026
Bharat Bijlee Ltd BBL₹20 Cr-29%Jun 2026
Vilas Transcore Ltd VILAS⚠ unverified₹15 Cr-29%Mar 2026
Schneider Electric Infrastructure Ltd SCHNEIDER₹12 Cr-71%Jun 2026
Marsons Ltd MARSONS⚠ unverified₹6 Cr-26%Jun 2026
Supreme Power Equipment Ltd SUPREMEPWR₹5 Cr9.8%Jun 2026
Ujaas Energy Ltd UEL⚠ unverified₹3 Cr31%Jun 2026
Full 20-quarter history · every available company

Net profit · reported quarter history

Bharat Bijlee Ltd · BBL

₹14 Cr
₹16 Cr
₹12 Cr
₹16 Cr
₹17 Cr
₹23 Cr
₹27 Cr
₹25 Cr
₹28 Cr
₹30 Cr
₹49 Cr
₹24 Cr
₹19 Cr
₹41 Cr
₹50 Cr
₹28 Cr
₹28 Cr
₹25 Cr
₹39 Cr
₹20 Cr

CG Power & Industrial Solutions Ltd · CGPOWER

₹188 Cr
₹545 Cr
₹112 Cr
₹130 Cr
₹179 Cr
₹228 Cr
₹426 Cr
₹204 Cr
₹242 Cr
₹748 Cr
₹234 Cr
₹241 Cr
₹220 Cr
₹238 Cr
₹274 Cr
₹267 Cr
₹284 Cr
₹284 Cr
₹363 Cr
₹308 Cr

Danish Power Ltd · DANISH⚠ unverified

₹20 Cr
₹35 Cr
₹29 Cr
₹40 Cr

Indo Tech Transformers Ltd · INDOTECH

₹5 Cr
₹7 Cr
₹6 Cr
₹1 Cr
₹1 Cr
₹4 Cr
₹19 Cr
₹4 Cr
₹7 Cr
₹11 Cr
₹26 Cr
₹6 Cr
₹18 Cr
₹19 Cr
₹21 Cr
₹19 Cr
₹25 Cr
₹25 Cr
₹24 Cr
₹26 Cr

Marsons Ltd · MARSONS⚠ unverified

₹1 Cr
₹3 Cr
₹-0 Cr
₹0 Cr
₹0 Cr
₹0 Cr
₹5 Cr
₹7 Cr
₹6 Cr
₹9 Cr
₹8 Cr
₹9 Cr
₹6 Cr
₹23 Cr
₹6 Cr

Schneider Electric Infrastructure Ltd · SCHNEIDER

₹-9 Cr
₹52 Cr
₹0 Cr
₹27 Cr
₹9 Cr
₹44 Cr
₹45 Cr
₹35 Cr
₹43 Cr
₹91 Cr
₹3 Cr
₹48 Cr
₹54 Cr
₹111 Cr
₹55 Cr
₹41 Cr
₹52 Cr
₹97 Cr
₹22 Cr
₹12 Cr

Shilchar Technologies Ltd · SHILCTECH

₹12 Cr
₹16 Cr
₹16 Cr
₹24 Cr
₹26 Cr
₹25 Cr
₹24 Cr
₹33 Cr
₹35 Cr
₹55 Cr
₹41 Cr
₹46 Cr
₹42 Cr
₹28 Cr
₹21 Cr

Supreme Power Equipment Ltd · SUPREMEPWR

₹3 Cr
₹7 Cr
₹3 Cr
₹8 Cr
₹3 Cr
₹4 Cr
₹3 Cr
₹12 Cr
₹5 Cr
₹5 Cr
₹3 Cr
₹11 Cr
₹5 Cr

Transformers & Rectifiers India Ltd · TARIL

₹14 Cr
₹10 Cr
₹-12 Cr
₹2 Cr
₹16 Cr
₹42 Cr
₹21 Cr
₹46 Cr
₹55 Cr
₹94 Cr
₹67 Cr
₹37 Cr
₹76 Cr
₹91 Cr
₹64 Cr

Ujaas Energy Ltd · UEL⚠ unverified

₹-5 Cr
₹-3 Cr
₹-6 Cr
₹-7 Cr
₹45 Cr
₹-4 Cr
₹4 Cr
₹1 Cr
₹4 Cr
₹0 Cr
₹2 Cr
₹0 Cr
₹0 Cr
₹0 Cr
₹3 Cr

Vilas Transcore Ltd · VILAS⚠ unverified

₹11 Cr
₹12 Cr
₹14 Cr
₹21 Cr
₹24 Cr
₹15 Cr

Voltamp Transformers Ltd · VOLTAMP

₹35 Cr
₹30 Cr
₹52 Cr
₹27 Cr
₹46 Cr
₹51 Cr
₹77 Cr
₹51 Cr
₹68 Cr
₹95 Cr
₹94 Cr
₹79 Cr
₹76 Cr
₹73 Cr
₹97 Cr
₹80 Cr
₹79 Cr
₹99 Cr
₹48 Cr
₹91 Cr

Profit growth · reported quarter history

Bharat Bijlee Ltd · BBL

14%
21%
44%
125%
56%
65%
30%
81%
-4.0%
-32%
37%
2.0%
17%
47%
-39%
-22%
-29%

CG Power & Industrial Solutions Ltd · CGPOWER

171%
-4.8%
-58%
280%
57%
35%
228%
-45%
18%
-9.1%
-68%
17%
11%
29%
19%
32%
15%

Danish Power Ltd · DANISH⚠ unverified

45%
14%

Indo Tech Transformers Ltd · INDOTECH

-80%
-43%
217%
300%
600%
175%
37%
50%
157%
73%
-19%
217%
39%
32%
14%
37%

Marsons Ltd · MARSONS⚠ unverified

-75%
-87%
1,560%
4,113%
1,898%
53%
23%
2.5%
152%
-26%

Schneider Electric Infrastructure Ltd · SCHNEIDER

-15%
30%
378%
107%
-93%
37%
26%
22%
1,733%
-15%
-3.7%
-13%
-60%
-71%

Shilchar Technologies Ltd · SHILCTECH

117%
56%
50%
38%
35%
120%
71%
39%
20%
-49%
-49%

Supreme Power Equipment Ltd · SUPREMEPWR

22%
-46%
9.1%
50%
30%
31%
7.1%
-8.3%
9.8%

Transformers & Rectifiers India Ltd · TARIL

14%
320%
2,200%
244%
124%
219%
-20%
38%
-3.2%
-4.5%

Ujaas Energy Ltd · UEL⚠ unverified

-91%
-35%
-88%
-96%
40%
31%

Vilas Transcore Ltd · VILAS⚠ unverified

27%
75%
71%
-29%

Voltamp Transformers Ltd · VOLTAMP

69%
31%
70%
48%
89%
48%
86%
22%
55%
12%
-23%
3.2%
1.3%
4.0%
36%
-51%
14%
10 · compare level, then change

Return On Capital Employed

Shilchar Technologies Ltd has the highest ROCE among the 12 Capital Goods - Transformers companies compared here, at 50.7%. Indo Tech Transformers Ltd is next at 37.7%. Indo Tech Transformers Ltd has the highest ROCE change at +5.4 percentage points, so level and change sit with different companies.

What the numbers say: Shilchar Technologies Ltd leads ROCE at 50.7%, 13 percentage points above Indo Tech Transformers Ltd. Indo Tech Transformers Ltd has the strongest latest improvement at +5.4 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.

LeaderShilchar Technologies Ltd · 50.7%
Gap34.5% versus #2 · Indo Tech Transformers Ltd
PersistenceNot enough history
Coverage12/12 companies · 115 observations

Investor read: Shilchar Technologies 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
5Marsons Ltd MARSONS⚠ unverified25%
ROCE changefastest improvers
2Vilas Transcore Ltd VILAS⚠ unverified−0.3 pp
3Bharat Bijlee Ltd BBL−0.9 pp
4Marsons Ltd MARSONS⚠ unverified−1.0 pp
5Voltamp Transformers Ltd VOLTAMP−3.2 pp
Return on capital · company comparison
12/12 level · 12/12 change

Withheld from this chart: Transformers & Rectifiers India Ltd (TARIL) — its two data sources disagree by up to 7% on reported income across 15 comparable periods, so its derived ratios are withheld; Shilchar Technologies Ltd (SHILCTECH) — its two data sources disagree by up to 3.4% on reported income across 14 comparable periods, so its derived ratios are withheld. A figure two sources cannot agree on is not drawn — the gap is a decision, not missing data.

All-company data · latest reported quarter
CompanyROCEROCE changeReported
Indo Tech Transformers Ltd INDOTECH30%+5.4 ppJun 2026
CG Power & Industrial Solutions Ltd CGPOWER27%−11.1 ppJun 2026
Schneider Electric Infrastructure Ltd SCHNEIDER25%−7.3 ppJun 2026
Marsons Ltd MARSONS⚠ unverified19%−1.0 ppJun 2026
Voltamp Transformers Ltd VOLTAMP19%−3.2 ppJun 2026
Danish Power Ltd DANISH⚠ unverified18%−6.6 ppMar 2026
Vilas Transcore Ltd VILAS⚠ unverified14%−0.3 ppMar 2026
Bharat Bijlee Ltd BBL6.2%−0.9 ppJun 2026
Ujaas Energy Ltd UEL⚠ unverified-4.9%−9.5 ppJun 2026
Full 20-quarter history · every available company

ROCE · reported quarter history

Bharat Bijlee Ltd · BBL

6.7%
6.2%
5.8%
7.2%
8.3%
12%
7.9%
11%
5.6%
9.5%
7.1%
9.6%
6.9%
7.9%
6.2%

CG Power & Industrial Solutions Ltd · CGPOWER

25%
39%
44%
49%
45%
95%
33%
73%
28%
42%
28%
38%
16%
26%
17%
27%

Danish Power Ltd · DANISH⚠ unverified

28%
24%
25%
18%

Indo Tech Transformers Ltd · INDOTECH

9.0%
8.7%
10%
15%
21%
32%
25%
32%
28%
42%
25%
41%
29%
41%
30%

Marsons Ltd · MARSONS⚠ unverified

-7.5%
-5.8%
-5.4%
4.6%
5.7%
31%
4.3%
40%
13%
30%
20%
45%
20%
27%
19%

Schneider Electric Infrastructure Ltd · SCHNEIDER

7.4%
16%
24%
26%
32%
46%
33%
43%
33%
47%
32%
40%
29%
34%
25%

Ujaas Energy Ltd · UEL⚠ unverified

-14%
-11%
-16%
-6.6%
-11%
21%
-8.5%
20%
-3.3%
13%
4.6%
11%
0.9%
3.0%
-4.9%

Vilas Transcore Ltd · VILAS⚠ unverified

17%
11%
15%
17%
14%

Voltamp Transformers Ltd · VOLTAMP

9.2%
14%
18%
20%
22%
35%
23%
35%
24%
33%
22%
29%
22%
30%
19%

ROCE change · reported quarter history

Bharat Bijlee Ltd · BBL

−0.9 pp
+1.0 pp
+2.5 pp
+0.7 pp
−2.7 pp
−2.5 pp
−0.8 pp
−1.5 pp
+1.3 pp
−1.6 pp
−0.9 pp

CG Power & Industrial Solutions Ltd · CGPOWER

+19.2 pp
+9.8 pp
+1.0 pp
−15.8 pp
−16.8 pp
−53.6 pp
−5.1 pp
−34.8 pp
−11.7 pp
−15.5 pp
−11.4 pp
−11.1 pp

Danish Power Ltd · DANISH⚠ unverified

−2.9 pp
−6.6 pp

Indo Tech Transformers Ltd · INDOTECH

+1.4 pp
+6.5 pp
+10.7 pp
+9.5 pp
+6.9 pp
+10.0 pp
+0.1 pp
+9.2 pp
+0.7 pp
−0.1 pp
+5.4 pp

Marsons Ltd · MARSONS⚠ unverified

+2.1 pp
+10.4 pp
+11.1 pp
−0.3 pp
+6.9 pp
−0.8 pp
+16.0 pp
+5.7 pp
+7.8 pp
−2.8 pp
−1.0 pp

Schneider Electric Infrastructure Ltd · SCHNEIDER

+17.0 pp
+10.5 pp
+7.8 pp
+6.7 pp
+0.9 pp
+0.6 pp
−0.9 pp
−3.9 pp
−4.4 pp
−12.7 pp
−7.3 pp

Ujaas Energy Ltd · UEL⚠ unverified

−1.1 pp
+4.5 pp
+4.3 pp
−1.9 pp
+7.9 pp
−7.9 pp
+13.1 pp
−8.7 pp
+4.2 pp
−10.2 pp
−9.5 pp

Vilas Transcore Ltd · VILAS⚠ unverified

−2.8 pp
+6.0 pp
−0.3 pp

Voltamp Transformers Ltd · VOLTAMP

+8.4 pp
+6.2 pp
+4.1 pp
+2.9 pp
+2.3 pp
−2.4 pp
−0.7 pp
−5.1 pp
−1.8 pp
−2.4 pp
−3.2 pp
11 · compare level, then change

Valuation Against Growth & Quality

Indo Tech Transformers Ltd has the lowest PEG among the 12 Capital Goods - Transformers companies compared here, at 0.74×. Schneider Electric Infrastructure Ltd is next at 2.79×. Danish Power Ltd has the lowest P/E at 21.8×, so level and change sit with different companies. 5 of 12 companies report a comparable reading, the latest through Jun 2026.

What the numbers say: Indo Tech Transformers Ltd has the lowest comparable PEG at 0.74×, 73.5% below Schneider Electric Infrastructure Ltd. Only 5 of 12 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.

LeaderIndo Tech Transformers Ltd · 0.74×
Gap73.5% versus #2 · Schneider Electric Infrastructure Ltd
Persistence0/8 recent comparable periods
Coverage5/12 companies · 44 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.
P/Elowest P/E
1Danish Power Ltd DANISH⚠ unverified21.8
4Vilas Transcore Ltd VILAS⚠ unverified23.2
Valuation · company comparison
5/12 level · 12/12 change
All-company data · latest reported quarter
CompanyPEGP/EReported
CG Power & Industrial Solutions Ltd CGPOWER5.2120.0Jun 2026
Voltamp Transformers Ltd VOLTAMP4.933.2Jun 2026
Bharat Bijlee Ltd BBL4.526.6Jun 2026
Schneider Electric Infrastructure Ltd SCHNEIDER2.8143.3Jun 2026
Indo Tech Transformers Ltd INDOTECH0.733.6Jun 2026
Transformers & Rectifiers India Ltd TARIL38.0Jun 2026
Shilchar Technologies Ltd SHILCTECH32.7Jun 2026
Ujaas Energy Ltd UEL⚠ unverified572.0Jun 2026
Marsons Ltd MARSONS⚠ unverified42.0Jun 2026
Danish Power Ltd DANISH⚠ unverified18.0Mar 2026
Vilas Transcore Ltd VILAS⚠ unverified19.5Mar 2026
Supreme Power Equipment Ltd SUPREMEPWR31.4Jun 2026
Full 20-quarter history · every available company

PEG · reported quarter history

Bharat Bijlee Ltd · BBL

0.9
0.5
1.1
0.4
0.4
1.0
0.9
1.6
4.5

CG Power & Industrial Solutions Ltd · CGPOWER

1.5
1.7
2.6
9.6
14.9
11.0
7.6
9.9
5.2
4.8
5.2

Indo Tech Transformers Ltd · INDOTECH

2.1
0.8
0.9
0.4
0.5
0.5
0.7

Schneider Electric Infrastructure Ltd · SCHNEIDER

2.1
2.3
4.4
1.6
2.6
2.8

Voltamp Transformers Ltd · VOLTAMP

0.8
0.9
1.1
0.3
0.4
0.5
0.7
0.8
0.8
2.1
4.9

P/E · reported quarter history

Bharat Bijlee Ltd · BBL

15.3
19.1
17.8
16.3
18.4
22.7
21.1
20.4
22.1
26.5
33.0
40.0
42.1
34.5
24.7
25.9
26.0
20.8
18.4
26.6

CG Power & Industrial Solutions Ltd · CGPOWER

19.6
27.1
22.6
57.3
64.4
69.0
73.0
76.5
81.6
79.4
96.1
125.8
129.3
127.5
103.7
105.4
112.7
94.7
91.1
120.0

Danish Power Ltd · DANISH⚠ unverified

27.3
29.2
18.0

Indo Tech Transformers Ltd · INDOTECH

27.4
17.1
11.7
15.4
12.1
12.7
14.7
17.4
16.3
20.8
25.9
36.4
40.7
51.6
34.8
33.0
23.5
19.6
13.9
33.6

Marsons Ltd · MARSONS⚠ unverified

-183.1
24.5
21.5
32.5
820.8
142.9
310.2
152.7
94.1
131.8
98.4
80.4
69.5
42.0

Schneider Electric Infrastructure Ltd · SCHNEIDER

119.4
123.1
159.2
77.2
73.2
53.0
56.8
57.5
67.3
57.5
81.4
118.0
104.0
94.2
78.6
74.4
80.7
70.8
80.1
143.3

Shilchar Technologies Ltd · SHILCTECH

14.1
19.4
19.5
14.3
12.5
13.6
16.7
16.5
22.2
27.9
35.2
45.7
41.8
54.3
34.4
41.4
31.4
25.4
22.4
32.7

Supreme Power Equipment Ltd · SUPREMEPWR

0.4
0.4
49.5
47.6
37.9
18.9
30.6
27.8
23.4
18.9
31.4

Transformers & Rectifiers India Ltd · TARIL

27.0
31.5
22.6
26.8
45.2
30.4
22.9
32.3
104.7
257.1
363.9
233.2
116.3
132.6
99.3
69.5
57.7
35.0
30.6
38.0

Ujaas Energy Ltd · UEL⚠ unverified

1.5
59.1
123.7
129.4
241.7
690.9
571.6
844.9
724.5
572.0

Vilas Transcore Ltd · VILAS⚠ unverified

31.5
26.0
37.0
19.5

Voltamp Transformers Ltd · VOLTAMP

13.4
17.7
18.1
19.7
18.3
18.1
15.5
20.5
20.3
26.8
33.7
36.2
40.0
29.9
22.4
28.9
22.5
25.0
27.2
33.2
12 · before the conclusion, check the blind spots

What can make this comparison misleading?

This Capital Goods - Transformers comparison names 6 specific ways its own evidence can mislead, all listed below. All 12 companies here report on comparable dates, so no rank carries a stale marker. 4 draw at least one figure from a second feed with too little overlap to cross-check. 2 have second-feed figures withheld because the two sources disagree.

Keep these limits visible

  • A high growth rate can be a low-base artefact. The page keeps level and change separate for that reason.
  • A high ROCE can be temporary or flattered by a small capital base. Read it beside margin, cash conversion and reinvestment.
  • The 4-Factor Sector Score ranks research priority, not portfolio action. Management quality, catalysts and risks need equally fresh evidence before capital is deployed.
  • An “all companies” line chart preserves completeness, but rank changes should be checked against reporting dates before drawing a conclusion.
  • 4 companies draw at least one figure from a second data feed with too little overlapping history to cross-check against the primary source; they are marked unverified wherever those figures appear.
  • 2 companies are missing from the second-feed metrics by decision, not by absence: the two sources disagree, so nothing from the second is drawn. Read those rows as narrower evidence, never as a weaker business.
13 · evidence and freshness

How was this comparison built?

This comparison is built from the reported filings of 12 Capital Goods - Transformers 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.

FundamentalsThrough Jun 2026 · 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 standing5 cross-checked · 5 unverified · 2 withheld, of 12 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.

14 · questions investors ask, short speakable answers

Capital Goods - Transformers company comparison FAQs

These 24 answers restate the Capital Goods - Transformers comparison above in question form. Every one is computed from the same 12 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 - Transformers sector outperforming NIFTY 500?

Capital Goods - Transformers has outperformed NIFTY 500 by 9.4% over 52 weeks and 0.8% over 13 weeks. 5 of 12 covered companies beat NIFTY on Mansfield relative strength, while 5 of 12 beat the sector itself.

Which Capital Goods - Transformers company is largest by revenue?

CG Power & Industrial Solutions Ltd leads with revenue of ₹12,821 crore, based on 10 of 12 comparable companies through Jun 2026.

Which Capital Goods - Transformers company is growing fastest?

Marsons Ltd has the fastest current revenue growth at 33.5%, across 10 of 12 comparable companies.

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

Indo Tech Transformers Ltd ranks first at 79.5/100 with 100% evidence confidence. The score prioritizes research; it is not a buy recommendation.

Which Capital Goods - Transformers company has the lowest comparable PEG?

Indo Tech Transformers Ltd has the lowest comparable PEG at 0.74, among 5 of 12 companies whose earnings and growth are steady enough for the ratio to mean anything.

How much history does this Capital Goods - Transformers 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 - Transformers 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 - Transformers, this page builds its own equal-weight basket of 12 listed Capital Goods - Transformers 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 - Transformers stocks in India?

Ranked by this page's four-factor score, Indo Tech Transformers Ltd places first among 12 listed Capital Goods - Transformers companies, followed by Marsons 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 - Transformers stocks are listed in India?

This comparison covers 12 listed Capital Goods - Transformers 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 - Transformers company is the biggest?

CG Power & Industrial Solutions Ltd is the largest, with trailing-twelve-month revenue of ₹12,821 crore, ahead of Schneider Electric Infrastructure Ltd at ₹2,920 crore. That covers 10 of 12 companies with comparable reporting through Jun 2026.

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

Supreme Power Equipment Ltd has the highest operating margin at 18.3%, from 12 of 12 comparable companies. Ujaas Energy Ltd shows the biggest improvement (+30.2 percentage points — see the chart above for the starting level). A high margin matters most when it is holding or rising, not when it is peaking.

Which Capital Goods - Transformers company makes the most profit?

CG Power & Industrial Solutions Ltd earns the most, at ₹1,239 crore of trailing-twelve-month net profit, from 10 of 12 comparable companies. Marsons Ltd has the fastest profit growth at 43.6%, though growth off a small or recovering profit base overstates how much has actually changed.

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

Shilchar Technologies Ltd leads on return on capital employed at 50.7%, across 12 of 12 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 - Transformers stock is the cheapest?

On PEG — where a LOWER number is cheaper — Indo Tech Transformers Ltd screens cheapest at 0.74×. Only 5 of 12 companies have earnings and growth steady enough for the ratio to mean anything, so this is not a sector-wide "cheapest stock" verdict. Cheap on a multiple is a reason to investigate, never a reason to buy on its own.

Is the Capital Goods - Transformers sector beating the market?

Capital Goods - Transformers has outperformed NIFTY 500 by 9.4% over the last 52 weeks and 0.8% over 13 weeks, measured on an equal-weight index of its current members. Inside the sector, 5 of 12 covered companies are beating the market on their own. Sector strength does not transfer evenly to every stock in it.

Which Capital Goods - Transformers stock has the strongest price momentum?

Indo Tech Transformers 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 - Transformers company scores highest for research priority?

Indo Tech Transformers Ltd scores 79.5 out of 100 with 100% evidence confidence, from 29.1 points on growth and earnings, 18.3 on capital efficiency, 12.1 on valuation and 20 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 - Transformers companies does this comparison cover, and over what period?

It compares 12 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 - Transformers sector?

The 12 Capital Goods - Transformers companies on this page carry ₹2,10,815 crore of combined market value. CG Power & Industrial Solutions Ltd is the largest at ₹1,40,239 crore, about 67% of the sector's total on its own. Market value moves with price, so this reading is dated 2026-08-18.

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

The median price-to-earnings ratio across the 12 Capital Goods - Transformers companies on this page is 34.6×, measured on the 12 that report a comparable figure. A sector-level history for this multiple is not held here, so this is a cross-section of today, not a comparison with the sector’s own past. Figures are as of 2026-08-18.

How is the Capital Goods - Transformers sector performing?

5 of the 12 covered Capital Goods - Transformers companies are beating NIFTY 500 on Mansfield relative strength. The sector itself is 9.4% ahead of NIFTY 500 over 52 weeks on an equal-weight index of its current members. Readings are as of 2026-08-18.

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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