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Indian maker of high-voltage grid equipment — instrument transformers, resistors, reactors — with European subsidiaries.
Indian maker of high-voltage grid equipment — instrument transformers, resistors, reactors — with European subsidiaries.
Moat: narrow (process know-how, customer qualification). Niche high-voltage component expertise and European subsidiary reach, but ABB/Siemens/Hitachi Energy dominate the broader market.
Headquarters: Bengaluru, India · Founded: 1998 · Employees: 249
Size Quality Power Electrical Equipments (QPOWER.NS) is an India Industrials company (Electrical Products) with a market value of $1.12B, the 564th largest of 1,058 India companies the cockpit tracks. Shares closed at ₹1,364 on 6 Nov 2026.
Performance Over six months the shares gained 6.6%, against -34.1% for the median peer and 0.0% for the India market (cap-weighted) — highest of 20 in its peer set.
Growth Revenue grew 89.9% over the last twelve months (peer median +20.8%); the operating margin is 18.5% (peer median 4.5%).
Valuation It trades at 56.3× forward earnings against a peer median of 23.8× (3rd most expensive of 16).
Capital Return on invested capital runs 1.4 points below its cost of capital (17.8% WACC).
Next results Next results expected around 3 Mar 2027 (exchange calendar; dates can move).
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|
| Revenue | ₹10.7B | ₹9.46B | ₹3.36B | ₹3.01B | ₹2.53B |
| Revenue growth | — | +181% | +12% | +19% | — |
| Gross profit | ₹3.23B | ₹2.65B | ₹901M | ₹701M | ₹684M |
| EBITDA | ₹2.13B | ₹2.18B | ₹636M | ₹407M | ₹484M |
| Net income | ₹1.51B | ₹1.21B | ₹662M | ₹374M | ₹206M |
| Free cash flow | n/a | -₹249M | ₹626M | ₹220M | ₹409M |
| Capital expenditure | n/a | ₹1.29B | ₹255M | ₹481M | ₹166M |
| Total debt | ₹403M | ₹402M | ₹87.4M | ₹383M | ₹106M |
The default views of Competitor Analysis ▸ Charts, drawn from the same data. Open them in the cockpit to change the axes, pin companies and read every value.
| Company | Market cap | 6M return | Revenue growth | Op. margin | Forward P/E | Req g |
|---|---|---|---|---|---|---|
| Quality Power Electrical Equipments QPOWER.NS | $1.12B | +7% | +90% | 19% | 56.3× | n/a |
| ABB India ABB.NS | $15.2B | -6% | +8% | 13% | 85.7× | 47.3% |
| Siemens SIEMENS.NS | $13.4B | -8% | -12% | 9% | 72.7× | n/a |
| Hitachi Energy India POWERINDIA.NS | $13.1B | -20% | +40% | 15% | 79.8× | 50.3% |
Peer set: Industry: the same industry and sector in any market, nearest in size. This is the same default set the interactive Competitor Analysis opens with.
| Measure | QPOWER.NS | Peer median | Rank in peer set |
|---|---|---|---|
| 1-month return | -15.6% | -17.1% | 10th highest of 21 |
| 6-month return | +6.6% | -34.1% | highest of 20 |
| Distance from 52-week high | -18.9% | -54.3% | 3rd highest of 21 |
| Revenue growth (TTM) | +89.9% | +20.8% | 2nd highest of 21 |
| Operating margin | 18.5% | 4.5% | 2nd highest of 21 |
| Forward P/E | 56.3× | 23.8× | 3rd most expensive of 16 |
| ROIC minus cost of capital | -1.4 pp | -2.8 pp | 8th highest of 21 |
| EV / EBITDA | 50.1× | 21.1× | most expensive of 5 |
| Net debt / EBITDA | -0.6× | -0.1× | 2nd least indebted of 6 |
| Company | Market | Market cap | 6M return | Revenue growth | Op. margin | Forward P/E | Req g | Delivered g |
|---|---|---|---|---|---|---|---|---|
| Quality Power Electrical Equipments QPOWER.NS | India | $1.12B | +7% | +90% | 19% | 56.3× | n/a | n/a |
| Jiangsu Cai Qin Technology 688182.SS | China | $1.12B | -39% | +86% | 9% | 50.2× | n/a | n/a |
| Baosheng Science & Technology Innovation 600973.SS | China | $1.11B | -26% | +31% | 1% | 60.2× | 9.1% | +6.9% |
| Shanghai Cooltech Power 300153.SZ | China | $1.11B | -27% | +84% | 5% | 29.0× | 37.0% | +20.3% |
| Shanghai QiFan Cable 605222.SS | China | $1.11B | -51% | +12% | 2% | 16.4× | n/a | n/a |
| American Superconductor AMSC | United States | $1.13B | -58% | +26% | 4% | 22.1× | 56.5% | +28.0% |
| Keli Motor 002892.SZ | China | $1.13B | -14% | +13% | -1% | n/a | n/a | n/a |
| Goldcup Electric Apparatus 002533.SZ | China | $1.14B | -21% | +23% | 3% | 11.0× | n/a | n/a |
| Tokai Carbon Korea 064760.KS | South Korea | $1.10B | -53% | +23% | 28% | 15.0× | 8.8% | +5.7% |
| Windey Energy Technology 300772.SZ | China | $1.09B | -42% | +23% | -2% | n/a | n/a | n/a |
| Dynapack International Technology 3211.TWO | Taiwan | $1.08B | -36% | +19% | 11% | 15.1× | 4.3% | -7.3% |
| Xiangtan Electrochemical Scientific 002125.SZ | China | $1.08B | -25% | +1% | 9% | n/a | 19.4% | +9.2% |
| Shenzhen Highpower Technology 001283.SZ | China | $1.07B | 0% | +18% | 5% | 23.8× | n/a | n/a |
| Ongoal Technology 301662.SZ | China | $1.06B | -51% | -3% | 3% | 43.9× | 51.7% | n/a |
| Harbin Electric Corp. Jiamusi Electric Machine 000922.SZ | China | $1.18B | -22% | +3% | 7% | 25.2× | 11.1% | +15.8% |
| Shenzhen Mason Technologies 002654.SZ | China | $1.18B | -34% | -6% | 1% | n/a | n/a | n/a |
| Jiangsu Haili Wind Power Equipment Technology 301155.SZ | China | $1.18B | -31% | -69% | -17% | 78.0× | n/a | n/a |
| PFISTERER PFS0.DE | Germany | $1.18B | n/a | +17% | 14% | 16.6× | 15.5% | n/a |
| Jiangsu Zenergy Battery Technologies 3677.HK | Hong Kong | $1.19B | -56% | +58% | 6% | 8.1× | n/a | n/a |
| Atlanta Electricals ATLANTAELE.NS | India | $1.19B | -10% | +59% | 16% | 38.9× | 20.6% | +28.4% |
| PowerX 485A.T | Japan | $1.20B | -55% | +213% | -1% | n/a | n/a | n/a |