Wired for Growth: 2025 Forecast for Electrical Equipment Companies in India Part 3

Stock Market & Financial Performance Key listed companies in the segment have posted 10–20% YoY growth in Q4 FY24 earnings, driven by order inflow, margin recovery, and operational leverage. Source: ICICI Direct Export demand for Indian electrical equipment is growing, especially to Africa, Southeast Asia, and the Middle East, aiding topline expansion. Source: EEPC India Key Players Benefiting Companies like ABB India, Siemens, CG Power, Havells, KEI Industries, and Polycab are expected to lead the stock market growth in FY25, backed by strong balance sheets and large order books. Source: HDFC Securities Government-owned firms like BHEL and BEL are also likely to benefit from defense and infra orders, maintaining long-term visibility in earnings. Source: SBI Capital Markets