Power - Transmission/Equipment Stocks in India
Power - Transmission/Equipment: Power Grid Corporation of India Ltd owns the largest revenue base; Adani Energy Solutions Ltd has the fastest current growth.
Nifty Power - Transmission/Equipment Index — Constituents & Performance
The Power - Transmission/Equipment companies below are the listed Indian Power - Transmission/Equipment universe this page tracks — the same constituent set people search for as the Nifty Power - Transmission/Equipment 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.
How has Power - Transmission/Equipment 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 14% behind NIFTY 500. Earnings across its companies grew 40% on average over the last four reported quarters.
RS — · 1/3 >200d (−1) · 1/3 lead (+0) · EPS 3/3↑
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 3 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.
Is Power - Transmission/Equipment outperforming NIFTY 500?
Power - Transmission/Equipment has outperformed NIFTY 500 by 7.3% over the last 52 weeks. Over 13 weeks the gap is a shortfall of 3.6%. 1 of 3 covered companies currently beats NIFTY on Mansfield relative strength, so leadership inside the sector is selective. Adani Energy Solutions Ltd is the strongest against the sector itself at +39.7%.
Sector metric: 34.7 as of 2026-07-19 · CONSOLIDATION · falling.
The central tension: the companies with the most scale are not necessarily the companies creating the most change.
Start with scale. Then earnings trajectory. Then business quality. Only after those three agree should price leadership carry much weight.
Bottom line
Power - Transmission/Equipment has outperformed NIFTY 500 by 7.3% over 52 weeks and 3.6% over 13 weeks. 1 of 3 covered companies beat NIFTY on Mansfield relative strength, while 1 of 3 beat the sector itself. Power Grid Corporation of India Ltd leads with revenue of ₹46,733 crore, based on 3 of 3 comparable companies through Mar 2026.
4-Factor Sector Score
An additive sector-relative research score. The four displayed point contributions always equal the total: Growth & earnings (35), Capital efficiency (25), Valuation (20), and Relative strength (20). Missing or stale evidence is absorbed inside the affected factor, never applied as a hidden adjustment.
How this score is built, and what the marks mean
Missing observations are not scored as bad. Their missing weight lowers confidence and pulls the final score toward neutral. PEG is not shown when the ratio cannot mean anything: the company must be making a profit, its price-to-earnings must be positive, and its three-year earnings growth must fall between 5% and 60%. Dividing a price multiple by a loss, or by growth measured off a tiny base, produces a number that looks precise and tells you nothing. Under relative strength, one mark per week shows the last 12 weeks: a mark is filled where the company led NIFTY 500 by 5% or more over the 13 weeks ending that week, which is the same test used everywhere on this site. Price stage places the company on the same six-step curve the sector itself is placed on — basing, turning, breaking out, leader, fading, asleep — read from how many weeks running it has led NIFTY 500 and whether that lead is widening or shrinking. It describes where the PRICE stands, not the earnings trajectory and not a recommendation, and it is left blank for a company whose weekly history is too short or too stale to read.
| Company | Score | Price stage | Growth & earnings/35 | Capital efficiency/25 | Valuation/20 | Relative strength/20 |
|---|---|---|---|---|---|---|
| 1Adani Energy Solutions LtdADANIENSOL | 66.5/100Favorable setup72% evidence | LEADER | 25.1/35 Revenue 20.9% · PAT 16.6% · OPM change 4 pp 95% evidence | 11.4/25 ROCE 9.7% · OPM 31% 76% evidence | 10.0/20 P/E 67.7× · PEG — 0% evidence | 20.0/20 RS sector 39.7% · RS bench 45.8% · 1Y 101.4%12 of 12 weeks ahead 100% evidence |
| Exact sum: 25.1 + 11.4 + 10 + 20 = 66.5 · Decision use: Balanced evidence: keep at normal research priority and require another comparable period before raising conviction. | ||||||
| 2KEC International LtdKEC | 41.9/100Mixed-negative evidence87% evidence | ASLEEP | 11.4/35 Revenue 7.6% · PAT 6.1% · OPM change -1 pp 88% evidence | 11.8/25 ROCE 16.5% · OPM 7% 100% evidence | 15.7/20 P/E 19.1× · PEG 0.34 85% evidence | 3.0/20 RS sector -23.6% · RS bench -29.4% · 1Y -45.6%0 of 10 weeks ahead 70% evidence |
| Exact sum: 11.4 + 11.8 + 15.7 + 3 = 41.9 · Decision use: Cheap but unconfirmed: require improving earnings before treating the valuation as an opportunity. | ||||||
| 3Power Grid Corporation of India LtdPOWERGRID | 27.0/100Adverse evidence93% evidence | ASLEEP | 7.9/35 Revenue 2% · PAT 2.6% · OPM change -38 pp 88% evidence | 10.5/25 ROCE 9.7% · OPM 45% 100% evidence | 7.2/20 P/E 16.6× · PEG 2.1 85% evidence | 1.4/20 RS sector -7.4% · RS bench -2.2% · 1Y -2.7%1 of 12 weeks ahead 100% evidence |
| Exact sum: 7.9 + 10.5 + 7.2 + 1.4 = 27 · Decision use: Balanced evidence: keep at normal research priority and require another comparable period before raising conviction. | ||||||
Market action
Adani Energy Solutions Ltd has the strongest one-year price move in Power - Transmission/Equipment at +101.4%. It also leads on Mansfield relative strength against NIFTY at +45.8%. 1 of 3 covered companies is above zero on that measure. Every line covers 313 weekly closes through 2026-07-31.
Every company, the sector's own index and NIFTY 500 all start level on the left edge of the window, so only the distance between the lines counts — the highest line has risen the most since then, and the chart at the top of this page is drawn the same way. It opens on one year; the buttons beside it stretch that to three or five.
How far ahead of or behind NIFTY 500 each company has been running, measured against its own recent average of that comparison, so the flat line at zero IS NIFTY 500: above it the company is beating the market, below it the market is beating the company. It opens on one year.
The same measure taken against Power - Transmission/Equipment itself instead of the whole market, so the flat line at zero is the sector: above it the company is beating its own peers, which is the sharper test of the two. It opens on one year.
Revenue Scale & Growth Durability
Power Grid Corporation of India Ltd has the highest Revenue among the 3 Power - Transmission/Equipment companies compared here, at ₹46,733 crore. Adani Energy Solutions Ltd is next at ₹30,480 crore. Adani Energy Solutions Ltd has the highest Revenue growth at 20.9%, so level and change sit with different companies.
What the numbers say: Power Grid Corporation of India Ltd is the scale leader at ₹46,733 crore, 53.3% ahead of Adani Energy Solutions Ltd. Adani Energy Solutions Ltd's growth is 20.9% from a ₹30,480 crore base, with 15 reported observations in the 20-quarter window. Treat the growth leader as an acceleration candidate, not as equally proven scale.
Investor read: Power Grid Corporation of India Ltd is the scale benchmark; Adani Energy Solutions Ltd is the acceleration watch. Promote the challenger only if growth persists and converts into margin and returns.
This conclusion weakens if: Power Grid Corporation of India Ltd's growth falls below Adani Energy Solutions Ltd's for two consecutive comparable reports while operating margin also compresses.
On every company-comparison chart on this page: solid lines show level, dotted lines show change when “Both” is selected, and a missing report breaks the line rather than being invented.
All-company data · latest reported quarter
In every all-company table on this page, each figure is the company’s latest single reported quarter. The rankings above them use trailing-twelve-month or current-market values, so a company can legitimately show a different number in each.
| Company | Revenue | Revenue growth | Reported |
|---|---|---|---|
| Power Grid Corporation of India Ltd POWERGRID | ₹11.7K Cr | -5.0% | Mar 2026 |
| Adani Energy Solutions Ltd ADANIENSOL | ₹9.7K Cr | 42% | Jun 2026 |
| KEC International Ltd KEC | ₹6.4K Cr | -7.0% | Mar 2026 |
Full 20-quarter history · every available company
Revenue · reported quarter history
KEC International Ltd · KEC
Power Grid Corporation of India Ltd · POWERGRID
Revenue growth · reported quarter history
Adani Energy Solutions Ltd · ADANIENSOL
KEC International Ltd · KEC
Power Grid Corporation of India Ltd · POWERGRID
Operating Economics & Margin Trend
Power Grid Corporation of India Ltd has the highest OPM among the 3 Power - Transmission/Equipment companies compared here, at 45%. Adani Energy Solutions Ltd is next at 31%. Adani Energy Solutions Ltd has the highest Margin change at +4 percentage points, so level and change sit with different companies.
What the numbers say: Power Grid Corporation of India Ltd leads opm at 45%; Adani Energy Solutions Ltd leads margin change at +4 percentage points.
Investor read: Power Grid Corporation of India Ltd sets the level benchmark; use the change leader as an inflection watch only after another comparable report confirms it.
This conclusion weakens if: The next two comparable reports reverse the current margin change signal.
All-company data · latest reported quarter
| Company | OPM | Margin change | Reported |
|---|---|---|---|
| Power Grid Corporation of India Ltd POWERGRID | 45% | −38.0 pp | Mar 2026 |
| Adani Energy Solutions Ltd ADANIENSOL | 31% | +4.0 pp | Jun 2026 |
| KEC International Ltd KEC | 7.0% | −1.0 pp | Mar 2026 |
Full 20-quarter history · every available company
OPM · reported quarter history
Adani Energy Solutions Ltd · ADANIENSOL
KEC International Ltd · KEC
Power Grid Corporation of India Ltd · POWERGRID
Margin change · reported quarter history
Adani Energy Solutions Ltd · ADANIENSOL
KEC International Ltd · KEC
Power Grid Corporation of India Ltd · POWERGRID
Profit Scale & Acceleration
Power Grid Corporation of India Ltd has the highest Net profit among the 3 Power - Transmission/Equipment companies compared here, at ₹15,928 crore. Adani Energy Solutions Ltd is next at ₹3,091 crore. Adani Energy Solutions Ltd has the highest Profit growth at 16.6%, so level and change sit with different companies.
What the numbers say: Power Grid Corporation of India Ltd leads with ₹15,928 crore of TTM profit, 415.3% above Adani Energy Solutions Ltd. Adani Energy Solutions Ltd shows 16.6% growth from a ₹3,091 crore profit base. Compare the size of the base and persistence before ranking acceleration above profit scale.
Investor read: Power Grid Corporation of India Ltd sets the level benchmark; use the change leader as an inflection watch only after another comparable report confirms it.
This conclusion weakens if: The next two comparable reports reverse the current profit growth signal.
All-company data · latest reported quarter
| Company | Net profit | Profit growth | Reported |
|---|---|---|---|
| Power Grid Corporation of India Ltd POWERGRID | ₹4.5K Cr | 9.7% | Mar 2026 |
| Adani Energy Solutions Ltd ADANIENSOL | ₹1.2K Cr | 130% | Jun 2026 |
| KEC International Ltd KEC | ₹193 Cr | -28% | Mar 2026 |
Full 20-quarter history · every available company
Net profit · reported quarter history
Adani Energy Solutions Ltd · ADANIENSOL
KEC International Ltd · KEC
Power Grid Corporation of India Ltd · POWERGRID
Profit growth · reported quarter history
Adani Energy Solutions Ltd · ADANIENSOL
KEC International Ltd · KEC
Power Grid Corporation of India Ltd · POWERGRID
Return On Capital Employed
KEC International Ltd has the highest ROCE among the 3 Power - Transmission/Equipment companies compared here, at 16.5%. Power Grid Corporation of India Ltd is next at 9.7%. Adani Energy Solutions Ltd has the highest ROCE change at 0 percentage points, so level and change sit with different companies. Its ROCE series carries 15 reported observations across the 20-quarter window.
What the numbers say: KEC International Ltd leads ROCE at 16.5%, 6.8 percentage points above Power Grid Corporation of India Ltd. Adani Energy Solutions Ltd has the strongest latest improvement at 0 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: KEC International 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.
Withheld from this chart: Adani Energy Solutions Ltd (ADANIENSOL) — its two data sources disagree by up to 85% 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
| Company | ROCE | ROCE change | Reported |
|---|---|---|---|
| KEC International Ltd KEC | 20% | −1.7 pp | Mar 2026 |
| Power Grid Corporation of India Ltd POWERGRID | 10% | −1.4 pp | Mar 2026 |
Full 20-quarter history · every available company
ROCE · reported quarter history
KEC International Ltd · KEC
Power Grid Corporation of India Ltd · POWERGRID
ROCE change · reported quarter history
KEC International Ltd · KEC
Power Grid Corporation of India Ltd · POWERGRID
Valuation Against Growth & Quality
KEC International Ltd has the lowest PEG among the 3 Power - Transmission/Equipment companies compared here, at 0.34×. Power Grid Corporation of India Ltd is next at 2.1×. Power Grid Corporation of India Ltd has the lowest P/E at 16.6×, so level and change sit with different companies. Its PEG series carries 6 reported observations across the 20-quarter window.
What the numbers say: KEC International Ltd has the lowest comparable PEG at 0.34×, 83.8% below Power Grid Corporation of India Ltd. Only 2 of 3 companies have earnings and growth steady enough for the ratio to mean anything, so no broad “cheapest stock” conclusion is defensible unless the current multiple, own-history position and growth durability agree.
Investor read: Treat valuation as permission to investigate, never as a standalone reason to buy.
This conclusion weakens if: The next two comparable reports reverse the current p/e signal.
All-company data · latest reported quarter
| Company | PEG | P/E | Reported |
|---|---|---|---|
| Power Grid Corporation of India Ltd POWERGRID | 2.1 | 17.7 | Mar 2026 |
| KEC International Ltd KEC | 0.3 | 19.5 | Mar 2026 |
| Adani Energy Solutions Ltd ADANIENSOL | — | 80.8 | Jun 2026 |
Full 20-quarter history · every available company
PEG · reported quarter history
KEC International Ltd · KEC
Power Grid Corporation of India Ltd · POWERGRID
P/E · reported quarter history
Adani Energy Solutions Ltd · ADANIENSOL
KEC International Ltd · KEC
Power Grid Corporation of India Ltd · POWERGRID
What can make this comparison misleading?
This Power - Transmission/Equipment comparison names 6 specific ways its own evidence can mislead, all listed below. All 3 companies here report on comparable dates, so no rank carries a stale marker. 1 has second-feed figures withheld because the two sources disagree. 1 of the 5 ranked sections has fewer than three usable current readings.
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.
- 1 company is 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.
- Thin comparisons: Valuation have fewer than three usable current readings.
How was this comparison built?
This comparison is built from the reported filings of 3 Power - Transmission/Equipment 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 2026-07-31. A second data feed fills gaps only after identity and scale reconciliation, and missing observations are never interpolated.
How a second data feed is admitted, and what happens when it disagrees
A second feed is read only after its reported income is matched against the primary source on at least three overlapping periods. Where the two agree the figures fill silently. Where there is too little shared history to compare, the figures are still drawn — they are the only evidence there is — and marked ⚠ unverified everywhere they appear. Where the two are known to disagree, nothing from the second feed is drawn and the affected company is named under the chart it is missing from.
Power - Transmission/Equipment company comparison FAQs
These 23 answers restate the Power - Transmission/Equipment comparison above in question form. Every one is computed from the same 3 companies and the same reported filings as the rankings and charts, current through Jun 2026. Price and relative-strength answers run through 2026-07-31. Nothing here is estimated, and none of it is a recommendation.
Is the Power - Transmission/Equipment sector outperforming NIFTY 500?
Power - Transmission/Equipment has outperformed NIFTY 500 by 7.3% over 52 weeks and 3.6% over 13 weeks. 1 of 3 covered companies beat NIFTY on Mansfield relative strength, while 1 of 3 beat the sector itself.
Which Power - Transmission/Equipment company is largest by revenue?
Power Grid Corporation of India Ltd leads with revenue of ₹46,733 crore, based on 3 of 3 comparable companies through Mar 2026.
Which Power - Transmission/Equipment company is growing fastest?
Adani Energy Solutions Ltd has the fastest current revenue growth at 20.9%, across 3 of 3 comparable companies.
Which Power - Transmission/Equipment company has the strongest 4-Factor Sector Score?
Adani Energy Solutions Ltd ranks first at 66.5/100 with 72.3% evidence confidence. The score prioritizes research; it is not a buy recommendation.
Which Power - Transmission/Equipment company has the lowest comparable PEG?
KEC International Ltd has the lowest comparable PEG at 0.34, among 2 of 3 companies whose earnings and growth are steady enough for the ratio to mean anything.
How much history does this Power - Transmission/Equipment 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.
What is the Nifty Power - Transmission/Equipment index?
The Nifty Power - Transmission/Equipment index tracks India's listed Power - Transmission/Equipment companies as a single basket. This page follows the same 3 companies and equal-weights them, so every company's weekly return counts once whatever it is worth, and the reading belongs to the Power - Transmission/Equipment sector rather than to its largest constituent. Figures are as of Jun 2026.
Which are the best Power - Transmission/Equipment stocks in India?
Ranked by this page's four-factor score, Adani Energy Solutions Ltd places first among 3 listed Power - Transmission/Equipment companies, followed by KEC International 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 Power - Transmission/Equipment stocks are listed in India?
This comparison covers 3 listed Power - Transmission/Equipment 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 Power - Transmission/Equipment company is the biggest?
Power Grid Corporation of India Ltd is the largest, with trailing-twelve-month revenue of ₹46,733 crore, ahead of Adani Energy Solutions Ltd at ₹30,480 crore. That covers 3 of 3 companies with comparable reporting through Mar 2026.
Which Power - Transmission/Equipment company has the best profit margins?
Power Grid Corporation of India Ltd has the highest operating margin at 45%, from 3 of 3 comparable companies. Adani Energy Solutions Ltd shows the biggest recent improvement, at +4 percentage points. A high margin matters most when it is holding or rising, not when it is peaking.
Which Power - Transmission/Equipment company makes the most profit?
Power Grid Corporation of India Ltd earns the most, at ₹15,928 crore of trailing-twelve-month net profit, from 3 of 3 comparable companies. Adani Energy Solutions Ltd has the fastest profit growth at 16.6%, though growth off a small or recovering profit base overstates how much has actually changed.
Which Power - Transmission/Equipment company earns the highest return on capital?
KEC International Ltd leads on return on capital employed at 16.5%, across 3 of 3 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 Power - Transmission/Equipment stock is the cheapest?
On PEG — where a LOWER number is cheaper — KEC International Ltd screens cheapest at 0.34×. Only 2 of 3 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 Power - Transmission/Equipment sector beating the market?
Power - Transmission/Equipment has outperformed NIFTY 500 by 7.3% over the last 52 weeks and 3.6% over 13 weeks, measured on an equal-weight index of its current members. Inside the sector, 1 of 3 covered companies are beating the market on their own. Sector strength does not transfer evenly to every stock in it.
Which Power - Transmission/Equipment stock has the strongest price momentum?
Adani Energy Solutions 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 Power - Transmission/Equipment company scores highest for research priority?
Adani Energy Solutions Ltd scores 66.5 out of 100 with 72.3% evidence confidence, from 25.1 points on growth and earnings, 11.4 on capital efficiency, 10 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 Power - Transmission/Equipment companies does this comparison cover, and over what period?
It compares 3 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 Power - Transmission/Equipment sector?
The 3 Power - Transmission/Equipment companies on this page carry ₹4,74,512 crore of combined market value. Power Grid Corporation of India Ltd is the largest at ₹2,64,370 crore, about 56% of the sector's total on its own. Market value moves with price, so this reading is dated 2026-08-05.
How is the Power - Transmission/Equipment sector performing?
1 of the 3 covered Power - Transmission/Equipment companies are beating NIFTY 500 on Mansfield relative strength. The sector itself is 7.3% ahead of NIFTY 500 over 52 weeks on an equal-weight index of its current members. Readings are as of 2026-08-05.
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.