India, June 20 -- India's energy transition is creating winners far beyond the headline names. While large conglomerates dominate the conversation, two small-cap companies - one making cables and conductors for India's power grid, and another providing integrated rooftop solar systems to millions of households - quietly delivered some of the sharpest earnings growth of FY26. With profits more than doubling year-on-year, both are drawing investor attention. But strong numbers alone do not tell the full story - execution risks, working capital pressures, and capacity ramp-up timelines will determine whether this momentum holds.

Diamond Power Infrastructure Limited (DICABS): Massive Growth, But Margins Need Watching DICABS reported revenue ...