Nuclear Energy Stocks Linked To India’s Power Buildout Investors May Want To Watch

Nuclear energy stocks are back in focus as investors scan the global economy for assets that can handle mixed growth signals, uneven manufacturing trends and ongoing energy cost pressures. With central banks weighing softer inflation readings against fragile demand, dependable power sources remain a core input for many industries. The Nuclear Energy Stocks screener aims to simplify this complex corner of the market by bringing together uranium suppliers, enrichment specialists and reactor operators in one place. In this article you will see 3 stocks from the screener that can help you assess this theme for your own watchlist.

Kirloskar Oil Engines (NSEI:KIRLOSENG)

Overview: Kirloskar Oil Engines is a Pune based manufacturer of diesel engines, pumps and power solutions that range from residential gensets and farm equipment to high capacity backup systems for data centers, infrastructure, defense and industrial customers in India and overseas.

Operations: Kirloskar Oil Engines generates most of its revenue from the B2B segment at ₹56.9b, with smaller contributions from B2C at ₹11.4b and Financial Services at ₹8.8b. The bulk of sales come from India at ₹68.0b, compared with exports of ₹9.0b.

Market Cap: ₹323.5b

Investors looking at nuclear and critical power infrastructure may consider Kirloskar Oil Engines because it sits at the center of India’s focus on data centers, infrastructure and backup power, highlighted by a 192 MW data center order from HyperNext and a recently proposed dividend. The company has earnings growth forecasts that outpace the wider Indian market and is building higher margin, service driven revenue streams, yet the stock carries clear trade offs. Heavy reliance on diesel technology, elevated funding risk from external borrowing and a valuation that prices in substantial optimism mean investors may want to weigh growth potential against balance sheet and execution risks.

Kirloskar Oil Engines sits at the intersection of data center demand, backup power and services led margins. Yet the biggest question is how much is already priced in. Get the full picture in the analysis report for Kirloskar Oil Engines

Larsen & Toubro (BSE:500510)

Overview: Larsen & Toubro is a Mumbai based engineering and construction group that delivers large infrastructure, energy, defense, nuclear and industrial projects across India and overseas, as well as higher tech offerings like aerospace components, precision electronics, electrolysers and data center solutions.

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

Market Cap: ₹5,502.8b

Investors interested in nuclear energy infrastructure and power grid upgrades may want to look at Larsen & Toubro because it sits at the heart of big ticket projects in transmission, offshore wind, hydrocarbons and process plants, backed by a very large order book and regular new wins across India, the Middle East and Europe. The company is also growing its higher margin tech and digital businesses through units like LTIMindtree and data centers, which helps balance the more cyclical EPC work. At the same time, heavy dependence on government and Middle East contracts, tight labor conditions and a P/E that sits well above the Indian construction average mean you need to weigh strong growth expectations and improving margins against funding, execution and valuation risks that are not trivial.

Larsen & Toubro’s accelerating order book and premium P/E suggest that investors see more than a typical contractor. Get context on how that optimism compares with project and funding risks in the 2 key rewards and 1 important warning sign

Bharat Heavy Electricals (BSE:500103)

Overview: Bharat Heavy Electricals is a New Delhi based engineering company that supplies power plant equipment and industrial systems for coal, gas, hydro and nuclear projects, as well as rail transport, defence, aerospace and grid equipment in India and abroad.

Operations: Bharat Heavy Electricals generates most of its revenue from the Power segment at about ₹274.3b, with a smaller contribution from the Industry segment at about ₹85.7b.

Market Cap: ₹1,419.3b

Investors watching nuclear and grid linked infrastructure may want to keep Bharat Heavy Electricals on their radar because the company operates across coal, gas, hydro, nuclear and solar equipment, and is now stepping into green hydrogen through its July 2026 tie up with thyssenkrupp nucera for alkaline electrolyzers. Recent results show a shift from losses to profit, with net income of ₹3,767.1m in Q1 FY2026 and margins that improved to 6.8%. At the same time, a rich P/E, higher risk funding structure and weak board independence mean the investment case is not straightforward. The combination of large project wins, green energy exposure and governance questions is where the real debate on Bharat Heavy Electricals begins.

Bharat Heavy Electricals sits at the crossroads of nuclear equipment, green hydrogen and a return to profit. Yet the real story may be how those pieces fit together. See how the thesis stacks up in the analysis report for Bharat Heavy Electricals

The three nuclear linked stocks covered here are only a starting point. The full screener surfaces 20 more companies that carry their own compelling narratives across uranium supply, enrichment and reactor operations in the Nuclear Energy Stocks theme. Identify the setups that fit your view by using the Nuclear Energy Stocks screener to filter for the specific catalysts and storylines that matter to you so you can focus on the highest conviction opportunities.

Take Control of Your Investment Journey

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Seeking Fresh Alternatives Beyond Nuclear?

Opportunities do not wait. While attention sits on nuclear linked stocks, other themes are building quiet breakout momentum under the radar for now. Scan these fresh ideas and consider how they might fit your strategy.

• Spot resilient cash generators before the crowd by checking companies in the list of solid balance sheet and fundamentals (414 results) to see which balance sheets appear positioned for the next leg of market momentum.
• Review the 434 dividend fortresses to explore companies with income trends and yields that remain elevated, and to identify those that could keep cash flowing even when prices move around.
• Scan the 36 robotics and automation stocks to find companies building the hardware and software that could support long term productivity improvements in the next automation wave.

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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