India has numerous electrical enterprises that have been operational for a considerable period. These enterprises play a vital role in shaping India’s development scenario. The Indian electrical sector is responsible for producing a diverse array of electrical equipment and goods. These include transformers, switch gears, home appliances, capacitors, and batteries. Within India, these companies often generate employment opportunities for electrical engineers. You can also find details about the top 10 electrical companies in India.
1. BHEL (Bharat Heavy Electricals Limited)
Founded in 1964, Bharat Heavy Electricals Limited (BHEL) stands among the world’s leading manufacturers of power equipment. This corporation is owned by the government of India. Notably, BHEL holds the top spot in India’s list of electrical companies.
Being India’s largest electrical company, BHEL boasts an extensive network comprising 16 Manufacturing Plants, 2 Repair Units, 4 Regional Offices, 8 Service Centers, and 15 Regional Marketing Centers. Remarkably, BHEL’s global presence extends to 83 countries across all six continents.
Impressively, BHEL’s total sales amount to Rs 30,368 Cr, with a market cap of Rs 14,503 Cr. Additionally, the company offers a dividend yield of 4.80% but faces a challenging ROE of -4.93%. Over the past three years, BHEL’s sales growth has seen a decline of -8.94%. Furthermore, the promoter holding in the company stands at 63.17%.
2. Havells
Havells India Limited is a company in the FMCG sector, known for its global presence and high-quality products. They have established a wide distribution network and pioneered the concept of exclusive brand showrooms in the electrical industry through ‘Havells Galaxy.’
The company’s products enjoy a vast international market, being sold in 40 different countries. To cater to their customers effectively, Havells has set up a nationwide network consisting of 4000 specialists, over 7900 dealers, and 40 branches.
Impressively, Havells India Limited achieved total sales of Rs 10,073 Cr, indicating its substantial market performance. As of now, the company’s market capitalization stands at Rs 38,544 Cr, which showcases its robust financial position.
The dividend yield for the company is 0.65%, offering investors a return on their investment through dividends. Moreover, Havells has a commendable return on capital employed (ROCE) at 21.45% and a return on equity (ROE) at 17.41%, indicating the efficiency of its capital utilization.
Over the last three years, Havells has experienced sales growth of 15.48%, demonstrating its ability to expand and meet consumer demands effectively.
As for ownership, the promoters hold a significant stake in the company, with a holding of 59.50%, indicating their confidence in the business and its future prospects.
3. Siemens
Siemens India has been a preferred technology solutions provider in India for over six decades. The company has played a significant role in conceptualizing and implementing flagship projects in Mobility, Energy Management, Healthcare, and Smart Financing.
With 22 plants across the country and eight centers of expertise, Siemens India is well-equipped to cater to various sectors. Additionally, they boast 11 research and development centers, contributing to continuous innovation.
Siemens India takes pride in being a market leader in several areas, including intelligent (smart) and sustainable cities, smart grids, building technologies, mobility, and power distribution technology. Their expertise is evident through their collaboration with the Indian government’s Restructured Accelerated Power Development and Reforms Programme (R-APDRP), where they are actively involved in installing Smart Grid technologies in multiple cities.
Regarding financials, Siemens India’s Total Sales amounts to Rs 13,767 Cr, with a Market Cap of Rs 43,488 Cr. The Dividend Yield stands at 0.57%, indicating returns to shareholders. The company has achieved a commendable ROCE (Return on Capital Employed) of 18.68% and ROE (Return on Equity) of 12.29%. Over the past three years, they have demonstrated a Sales Growth of 8.31%. Notably, the Promoter holding in the company is at a significant 75.00%.
4. ABB India Ltd
ABB India Ltd, a technology leader, is driving industries forward with digital transformation.
Boasting over 130 years of innovation, ABB has a strong track record.
In 2020, ABB’s Power Grids division underwent a sale to Hitachi.
With a global presence, ABB employs approximately 147,000 individuals across 100 countries.
Ranked fourth among India’s Top Electrical Companies, ABB holds a prominent position in the market.
The company achieved a Total Sales of Rs 7,315 Cr.
Its Market Cap amounts to Rs 20,886 Cr.
ABB’s Dividend Yield stands at 0.49%.
The company boasts an impressive ROCE of 14.19%.
Additionally, ABB’s ROE is 9.19%.
However, there has been a Sales Growth decline of -5.41% over the last three years.
Currently, Promoter holding in ABB is 75.00%.
5. Crompton Greaves Consumer Electricals Limited
Crompton Greaves Consumer Electricals Limited is a renowned company in India, known for its consumer electronics, with a brand history of 75 years.
The company has been responsible for introducing groundbreaking products, including India’s first anti-dust fan and anti-bacterial LED lamp.
Crompton is widely recognized as one of the most prominent electrical brands in the country.
In terms of market presence, the company holds the 5th position among India’s Top Electrical Companies.
Regarding financials, Crompton’s total sales amount to Rs 4,520 Cr.
The market capitalization of the company stands at Rs 16,952 Cr.
With a dividend yield of 0.74%, the company offers returns to its shareholders.
Crompton boasts a robust Return on Capital Employed (ROCE) of 35.42%.
The Return on Equity (ROE) for the company is impressive at 38.69%.
Promoter holding in the company amounts to 26.20%.
6. Bajaj Electricals Limited
The Bajaj Group consists of Bajaj Electricals Limited (BEL). Bajaj Electricals’ operations encompass Consumer Products, Exports, and EPC. In total, Bajaj Electricals has 20 branch offices across the country. They also have a well-established network comprising distributors, authorized dealers, retail shops, and exclusive showrooms called ‘Bajaj World.’ Moreover, they boast over 500 customer service centers.
As for their financial figures, the company’s Market Cap stands at Rs 5,956 Cr. The Dividend Yield is 0.67 %. The ROCE (Return on Capital Employed) is 7.00 %. However, the ROE (Return on Equity) is at -0.74 %. Over the past 3 years, they achieved a Sales Growth of 5.43 %. The Face Value of their shares is 2.00, and the Promoter holding in the company is 63.17 %.
7. Polycab Wires Private Limited
The company, originally named ‘Polycab Wires Private Limited,’ was established in Mumbai in 1996 as a private limited company under the Companies Act, 1956. In 1998, it underwent a transformation and became ‘Polycab Industries Private Limited’ under the same Companies Act. Later, in 2011, ‘Polycab Industries Private Limited’ was merged into the Corporation.
The company’s revenue stands at Rs 8,830 Cr, while its market cap is Rs 13,267 Cr. It offers a dividend yield of 0.79% and boasts a ROCE of 29.34% and an ROE of 22.35%.
Over the past 3 years, the company has achieved a sales growth rate of 17.09%. Additionally, the promoter holding in the company amounts to 68.55%.
8. V-Guard
V-Guard quickly gained popularity as a brand for voltage stabilizers in South India. As a result, the brand expanded its reach and is now available throughout the country, offering a diverse selection of products. The company’s product line includes Voltage Stabilizers, Digital UPS, Inverter and Inverter Batteries, Electric Water Heaters, Solar Water Heaters, and Domestic Pumps.
The total sales of the company amount to Rs 2,566 Cr, with a market cap of Rs 7,186 Cr. The dividend yield stands at 0.54 %, while the ROCE (Return on Capital Employed) is an impressive 26.12 %. Additionally, the ROE (Return on Equity) is recorded at 19.62 %.
Over the past 3 years, the company has experienced a sales growth of 5.97 %. The face value of their products is Rs 1.00, and the promoter holding is at 62.73 %.
9. Finolex Cables Ltd
Finolex Cables Ltd is a renowned Indian company that specializes in manufacturing electrical and telecommunication cables. With a turnover exceeding 26 billion rupees (around $400 million), it stands as the largest cable manufacturer in India.
The company’s initial focus was on producing PVC insulated electrical cables for the vehicle industry. Over time, it has diligently expanded its product range, incorporating items such as PVC Insulated Industrial Cables, FR-LSH PVC Insulated Industrial Cables, Fibre Optic Cables, Solar Cables, and more.
In terms of financial figures, the total sales of Finolex Cables Ltd amount to Rs 3,078 Cr. Its market capitalization stands at Rs 4,251 Cr., and the company has a dividend yield of 1.62%.
Regarding profitability metrics, the company boasts an ROCE of 19.47% and an ROE of 15.61%. Over the past three years, it has achieved a sales growth of 5.58%.
The face value of Finolex Cables Ltd’s shares is 2.00, and the promoter holding in the company is 35.92%.
10. Orient Electric Limited
Orient Electric Limited (OEL) is a subsidiary of the CK Birla Group, a diversified Indian corporation.
It has been a well-known name in the Indian fan sector for over 60 years.
Orient Electric is now positioned as a one-stop shop for lifestyle electrical solutions, including fans, lighting, home appliances, and switchgear.
The company holds the title of India’s largest manufacturer and supplier of fans, with a stronghold in over 40 worldwide markets.
Notably, it is considered one of India’s best electrical brands.
Orient Electric takes pride in its R&D capabilities, constant innovation attitude, and commitment to producing cutting-edge lifestyle electrical goods.
These products are designed to match the demands and aspirations of new era consumers.
The company has fully integrated production sites in Kolkata, Faridabad, Noida, and Guwahati.
Regarding financials, the company’s revenue stands at Rs 2,062 Cr.
Its market capitalization amounts to Rs 4,235 Cr.
The dividend yield is 0.58 %.
The ROCE (Return on Capital Employed) is an impressive 29.42 %.
Meanwhile, the ROE (Return on Equity) is 23.66 %.
Over the past three years, Orient Electric has achieved a remarkable sales growth of 113 %.
The promoter holding in the company is 38.52 %.
