Larsen And Toubro Stock In Focus For Nuclear Energy Exposure

Global food prices sit at a high for 2026, with staples like wheat and vegetable oils under pressure. That keeps energy security firmly on the radar for many governments. Reliable, low carbon baseload power such as nuclear energy stays central to long term planning when costs of essentials feel fragile. This article highlights three stocks from the Nuclear Energy Stocks screener that investors may want on their watchlist.

The three nuclear energy stocks below are just a sample. The full screen surfaces 19 more companies that also carry detailed narratives and are not covered in this article. To go deeper into the wider opportunity set, analyze and compare potential ideas directly in the Nuclear Energy Stocks screener.

Kirloskar Oil Engines (NSEI:KIRLOSENG)

Kirloskar Oil Engines is a diversified power solutions company that supplies diesel engines, gensets, pumps and related equipment for sectors such as data centers, infrastructure, agriculture and defense in India and overseas. It also sells aftermarket products and services, including spares, oils and emission control systems, and provides financial services linked to its equipment. The company has a market cap of about ₹314.3b, which places it among the larger listed industrial equipment players in India.

Kirloskar Oil Engines operates at the intersection of India’s push for reliable power and the growing need for backup capacity in areas like data centers, infrastructure and manufacturing. Recent data center orders, solid FY2026 earnings and forecast earnings growth above the broader Indian market are factors that some investors may view as an interesting way to get exposure to long term power reliability themes. At the same time, heavy dependence on diesel technology, an expensive P/E and funding that relies entirely on external borrowing mean execution and capital allocation are important considerations. For investors looking at nuclear adjacent power infrastructure, Kirloskar Oil Engines is a company that may be worth watching closely to see whether growth, margins and balance sheet discipline stay on track.

Kirloskar Oil Engines sits at the crossroads of data center demand and power reliability, yet its expensive P/E and reliance on external borrowing raise deeper questions. Get the full picture in the 3 key rewards and 3 important warning signs (1 is major!)

Build your own power reliability shortlist

Kirloskar Oil Engines and the two other stocks in this list all came from a single screener, but the real value for you is in shaping filters around the themes you care about. Use our flexible Screener to combine metrics like valuation, earnings, risks and dividends into your own shortlist, or tap into our curated Investing Ideas for ready made starting points.

Larsen & Toubro (BSE:500510)

Larsen & Toubro is a large engineering and EPC group that builds infrastructure, energy projects and high tech equipment in India and overseas, while also offering technology platforms and services. Most revenue comes from Infrastructure & Utilities at about ₹1,348.6b, with Energy Conventional at ₹566.8b and Technology, Platforms & Services at ₹565.6b, alongside contributions from Manufacturing & Products and Financial Services. The company has a market cap of roughly ₹5,564.7b, which puts it among the heavyweight industrial and infrastructure companies in India.

Investors looking at nuclear and wider energy infrastructure have various factors to consider when evaluating Larsen & Toubro. A record order book, fresh EPC wins in Middle East hydrocarbons and offshore wind, and a bigger tilt toward higher margin tech and digital services provide multi year visibility that underpins current double digit earnings growth forecasts. At the same time, heavy exposure to government and Middle East contracts, reliance on external borrowing and pressure on project margins mean execution discipline remains important. With some analysts treating the stock as close to fairly priced, the key issue is whether L&T can keep converting its project pipeline into sustained cash generation and more resilient returns.

Larsen & Toubro’s record order book and double digit earnings growth forecasts suggest that the key focus could be its future trajectory. Get the analyst forecasts for Larsen & Toubro to see what expectations might be missing.

Bharat Heavy Electricals (BSE:500103)

Bharat Heavy Electricals is a large power and industrial equipment manufacturer that supplies everything from coal, gas, hydro and nuclear plant equipment to rail, transmission, defence, aerospace and e-mobility systems in India and overseas. Most revenue comes from the Power segment at about ₹274,274 million, with the Industry segment contributing around ₹85,656 million, underlining its core role in large scale energy and infrastructure projects. The company has a market cap of roughly ₹1,417.2b, putting it among the bigger listed industrials in India.

Investors watching nuclear and wider grid infrastructure may see Bharat Heavy Electricals as a way to tap into both traditional power projects and newer themes like green hydrogen. Earnings growth has been very large over the past year, helped by a swing from loss to profit in Q1 FY2026 and a rebound in margins; however, return on equity is still modest and the P/E sits well above the broader electrical industry. A joint venture with thyssenkrupp nucera on electrolyzers and fresh contracts for large thermal projects and gas turbine packages show how the order book is evolving. The catch is that funding leans heavily on external borrowing, governance signals are mixed and future earnings reports could matter more than usual for sentiment.

Bharat Heavy Electricals’ sharp earnings swing and high P/E suggest investors may be missing something in how the nuclear and grid story fits together. Get the 2 key rewards and 1 important warning sign

Seeking Alternatives Beyond Nuclear Ideas

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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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