3 Indian Nuclear Stocks With Earnings Growth Over 17%

Indian government bond yields are near multi month highs as investors react to higher oil prices and shifting global rate expectations. That keeps energy costs and long term power planning in focus. For investors, this puts reliable low carbon electricity back on the radar and brings nuclear related stocks into view. This article highlights three Indian nuclear energy stocks from our screener that many investors are watching closely.

The stocks below are just a sample from this nuclear energy theme, and the full screen surfaced 21 more companies with narratives that many investors may find just as compelling as those highlighted here. To identify and analyze potential ideas that fit your own view on nuclear power, head straight to the Nuclear Energy Stocks screener.

Kirloskar Oil Engines (NSEI:KIRLOSENG)

Overview: Kirloskar Oil Engines is a Pune based manufacturer of diesel and fuel agnostic engines, gensets, microgrids and energy storage systems that provide reliable backup and on site power for critical facilities, including nuclear related infrastructure. Its products span power generation, industrial engines, pumps and aftermarket services, with nuclear linked emergency and standby power solutions forming just one part of a broader, diversified engine and power equipment business.

Operations: Kirloskar Oil Engines generates most of its revenue from the B2B segment at about ₹58,979 million, with smaller contributions from B2C at about ₹11,478 million and Financial Services at about ₹8,932 million.

Market Cap: ₹316.2 billion

Investors looking at nuclear energy infrastructure should pay attention to how Kirloskar Oil Engines ties its high horsepower gensets, microgrids and energy storage into critical backup power for facilities that cannot afford outages, including nuclear related sites. The large HyperNext data center order and cooperation with DEUTZ show that heavy duty standby power is already a real business. A forecast step up in earnings and revenue creates room to keep funding this capability. At the same time, heavy reliance on diesel technology, a mixed dividend record and meaningful financing needs for large projects keep risk on the table. That mix of opportunity and execution questions is exactly what makes Kirloskar Oil Engines worth a closer look in this theme.

Kirloskar Oil Engines sits at the crossroads of diesel heritage and nuclear grade backup power, yet many investors still treat it as a plain engine manufacturer. The real question is what the analyst forecasts are signalling about that shift through the analyst forecasts for Kirloskar Oil Engines

Larsen & Toubro (BSE:500510)

Overview: Larsen & Toubro is a Mumbai based engineering and construction group that delivers large infrastructure, energy and high tech manufacturing projects, and its Hi Tech Manufacturing arm builds critical equipment and systems for nuclear power plants alongside other process and defence work. For nuclear focused investors, the interest lies in this specialist EPC and manufacturing capability inside a much broader infrastructure, hydrocarbon and digital services business, rather than in a pure play nuclear revenue stream.

Operations: Larsen & Toubro generates most of its revenue from Infrastructure & Utilities at about ₹1,348.6b, with sizeable contributions from Technology, Platforms & Services at about ₹565.6b, Energy (Conventional) at about ₹566.8b, Manufacturing & Products at about ₹148.6b, Financial Services at about ₹189.2b and Development Projects at about ₹49.7b.

Market Cap: ₹5,489.0b

Larsen & Toubro gives you exposure to nuclear power through its Hi Tech Manufacturing segment, which supplies engineered equipment and retrofit solutions for reactors, while the wider group is backed by a ₹6.13t order book and demand for infrastructure, hydrocarbon and clean energy projects. That scale and order visibility can support the long design and construction cycles typical of nuclear work, yet you still need to weigh risks such as reliance on government and Middle East contracts and tight project margins in some EPC lines. If you want a mix of nuclear engineering capability, broad energy exposure and a shift toward higher margin tech services, this is a company worth understanding in more detail.

Larsen & Toubro’s huge ₹6.13t order book and nuclear engineering work hint at a story that many investors still treat as ordinary infrastructure. The real question is what the 2 key rewards and 1 important warning sign might be quietly pointing to next.

Bharat Heavy Electricals (BSE:500103)

Overview: Bharat Heavy Electricals is a New Delhi based engineering company that manufactures and installs heavy equipment for power plants and industry, with a direct nuclear link through its design, supply and EPC work on nuclear power plant components such as steam generators, turbines, heat exchangers, valves and piping systems.

Operations: Bharat Heavy Electricals generates most of its revenue from the Power segment at about ₹274.3 billion, with the Industry segment contributing about ₹85.7 billion.

Market Cap: ₹1,467.7 billion

For investors following nuclear energy, Bharat Heavy Electricals combines a long track record in heavy engineering with a clear role in supplying critical nuclear plant equipment. Recent results include Q1 FY2027 revenue of ₹79,118.6 million and a move back into profit, indicating that its large power projects business is active enough to support nuclear orders alongside coal, gas and hydro. At the same time, exposure to long EPC cycles and government linked projects can make cash flows lumpy and project execution a key part of the story. The green hydrogen electrolyzer agreement with thyssenkrupp nucera adds another low carbon angle. An important consideration for investors is how much of this diverse portfolio will convert into durable nuclear linked earnings over time.

Bharat Heavy Electricals is quietly tying heavy engineering, nuclear equipment and green hydrogen into one story that many investors may not have joined together yet. See how the analysis report for Bharat Heavy Electricals hints at where the real pressure points could emerge next.

Seeking Alternatives Beyond Nuclear Stocks?

Fresh themes can move fast and early momentum often gets caught before it is widely discussed. Scan these curated stock ideas while it matters and get in early.

• Spot higher yield opportunities before they get crowded by checking out a shortlist of potential income payers in the 423 dividend fortresses.
• Track companies tied to digital assets while they are still under the radar for now through the curated 21 cryptocurrency and blockchain stocks.
• Hunt for potential growth stories with stronger balance sheets using a focused set of contenders from the 617 high quality undiscovered gems.

This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.

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