CG Power & Industrial Solutions Ltd logo

CG Power & Industrial Solutions Ltd

CGPOWER NSE

CG Power & Industrial Solutions is a global enterprise providing end-to-end solutions to utilities, industries and consumers for the management and application of efficient and sustainable electrical energy. It offers products, services and solutions in two main business segments, viz. Power Systems and Industrial Systems.

AI Verdict: HOLD Confidence: 5%

CG Power demonstrates strong growth with 25% TTM sales growth and a debt-free balance sheet, but trades at an extreme valuation of 124.8x PE and 18.8x book value. The 70.59% analyst buy consensus is encouraging, yet the stretched valuations and deteriorating working capital cycle warrant caution at current levels.

Key Fundamentals

LargecapElectrical EquipmentCapital Goods
Market Cap
1.5L Cr
Volatility
Moderate
P/E Ratio
122.19
EBITDA
₹1,590 Cr
Return on Equity
28.86%
Debt to Equity
0.01
Book Value
₹50.61
EPS
₹5.88
52W High
₹969.9
52W Low
₹525.5

Technical Indicators

Key Insights

Strengths

3
  • Company is almost debt free.
  • Company has a good return on equity (ROE) track record: 3 Years ROE 30.4%
  • Company has been maintaining a healthy dividend payout of 17.1%

Weaknesses

2
  • Stock is trading at 18.2 times its book value
  • Working capital days have increased from 35.3 days to 81.6 days

Growth Rate

Revenue Growth
23.31% ↗
Net Income Growth
18.96% ↘
Cash Flow Change
-8.11% ↘
ROE
-16.49% ↘
ROCE
-14.53% ↘
EBITDA Margin (Avg.)
-13.86% ↘

AI Analysis — Bull vs Bear

Anthropic anthropic claude-opus-4.6 1d ago
HOLD
Risk high

CG Power demonstrates strong growth with 25% TTM sales growth and a debt-free balance sheet, but trades at an extreme valuation of 124.8x PE and 18.8x book value. The 70.59% analyst buy consensus is encouraging, yet the stretched valuations and deteriorating working capital cycle warrant caution at current levels.

Bull Case 8
  • Company is virtually debt-free, providing significant financial flexibility and resilience during economic downturns
  • Exceptional 3-year ROE of 30.4% demonstrates highly efficient capital allocation and strong profitability
  • Compounded sales growth of 25% TTM and 21% over 3 years signals robust demand momentum in the capital goods cycle
  • Compounded profit growth of 70% over 5 years reflects massive operating leverage and margin expansion
  • Stock CAGR of 65% over 5 years shows sustained investor confidence and re-rating from turnaround story
  • 70.59% of analysts (12 out of 17) have a buy rating, indicating broad institutional conviction
  • Market cap of Rs 1,47,334 crore positions it as a large-cap capital goods leader benefiting from India's infrastructure push
  • Dividend payout ratio maintained at 17.1% despite being in a high-growth phase shows shareholder-friendly management
Bear Case 8
  • PE ratio of 124.8x is extremely elevated, pricing in multiple years of flawless execution with zero margin of safety
  • Price-to-book of 18.77x is excessively rich even for a high-quality capital goods franchise
  • Working capital days have deteriorated sharply from 35.3 days to 81.6 days, signaling potential cash conversion issues
  • ROE has declined from 30% (3-year average) to 21% last year, suggesting return on capital may be peaking
  • Dividend yield of just 0.14% offers negligible income cushion against potential capital erosion
  • 23.53% of analysts (4 out of 17) rate it a sell, which is unusually high for a stock with such strong momentum
  • 3-year compounded profit growth of only 10% versus 5-year CAGR of 70% indicates a sharp deceleration in earnings growth
  • 10-year sales CAGR of just 9% highlights that the recent growth spurt may not be sustainable long-term

This is AI-generated analysis, not financial advice. Do your own due diligence.

AI News Digest

Anthropic anthropic claude-opus-4.6 1d ago
Positives 1
  • EHV facility boosts capacity 80% Jun 4

    CG Power commissioned S3 Unit-II in Nashik, expanding EHV switchgear capacity by 80%. The unit was funded through internal accruals of Rs 39.49 crore.

Neutral 4
  • Analyst meet rescheduled to Jun 29 Jun 23

    CG Power postponed its Jefferies India analyst meeting from June 26 to June 29, 2026.

  • Multiple analyst meetings in June Jun 8

    CG Power scheduled analyst meetings on June 18 and 26 with Jefferies India, JP Morgan, and Chola Securities.

  • IIFL institutional meeting Jun 17 Jun 4

    CG Power will meet IIFL Institutional Equities on June 17, 2026 under SEBI Regulation 30.

  • Citigroup investor meeting Jun 5 Jun 2

    CG Power scheduled an analyst and institutional investor meeting on June 5, 2026 organized by Citigroup Global Markets India.

TL;DR: CG Power is actively expanding manufacturing capacity with the new Nashik EHV switchgear facility delivering an 80% capacity boost funded internally, signaling strong balance sheet discipline. No headwinds are visible in recent news flow. Heavy institutional engagement with multiple analyst meetings in June suggests sustained investor interest. The trend is steady with organic capex-driven growth positioning the company well for rising power infrastructure demand.

Quarterly Results

  Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026
Sales
1,903
1,874
2,002
1,979
2,192
2,228
2,413
2,516
2,753
2,878
2,923
3,175
3,442
Expenses
1,627
1,609
1,693
1,718
1,908
1,900
2,118
2,185
2,406
2,497
2,546
2,778
2,975
Operating Profit
275
265
309
261
284
327
295
331
347
381
377
397
466
OPM %
14%
14%
15%
13%
13%
15%
12%
13%
13%
13%
13%
13%
14%
Other Income
199
29
43
579
42
33
29
34
71
28
66
41
79
Interest
2
1
0
1
1
1
2
1
3
2
3
4
4
Depreciation
25
24
23
24
24
24
28
28
32
44
52
51
49
PBT
447
270
329
816
301
336
294
335
384
364
388
384
492
Tax %
5%
24%
26%
8%
22%
28%
25%
29%
29%
27%
27%
26%
26%
Net Profit
426
204
242
748
234
241
220
238
274
267
284
284
363
EPS in Rs
2.79
1.33
1.59
4.89
1.53
1.58
1.45
1.57
1.78
1.76
1.82
1.81
2.32
Figures in ₹ Crores

Profit & Loss

  Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Sales
5,800
5,269
5,517
8,031
7,998
5,110
2,964
5,484
6,973
8,046
9,909
12,418
Expenses
5,511
5,181
5,645
7,893
7,699
5,079
2,848
4,837
5,967
6,904
8,589
10,793
Operating Profit
289
88
-128
138
299
31
116
647
1,005
1,142
1,319
1,625
OPM %
5%
2%
-2%
2%
4%
1%
4%
12%
14%
14%
13%
13%
Other Income
72
-230
-5
-73
-116
-861
1,655
569
286
684
162
211
Interest
105
80
186
426
432
365
206
82
28
17
21
12
Depreciation
245
172
143
252
225
211
138
99
94
95
112
196
PBT
12
-394
-463
-613
-475
-1,407
1,427
1,035
1,169
1,715
1,348
1,628
Tax %
-88%
17%
6%
17%
7%
-5%
10%
12%
18%
17%
28%
26%
Net Profit
22
-461
-491
-715
-507
-1,331
1,280
913
963
1,428
973
1,199
EPS in Rs
0.37
-7.33
-7.83
-11.47
-8.03
-21.12
9.68
6.33
6.3
9.34
6.37
7.66
Div. Payout %
214%
0%
0%
0%
0%
0%
0%
0%
24%
14%
20%
17%
Figures in ₹ Crores

Balance Sheet

  Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Equity Capital
125
125
125
125
125
125
268
288
305
305
306
315
Reserves
4,172
4,464
3,977
2,757
2,005
-2,081
-352
715
1,485
2,712
3,538
7,655
Borrowings
2,092
1,528
1,502
3,041
3,297
2,757
1,484
367
16
17
41
118
Other Liabilities
5,370
4,831
4,557
4,887
4,883
3,816
2,997
2,852
2,861
2,590
3,528
4,579
Total Liabilities
11,760
10,949
10,161
10,811
10,311
4,617
4,397
4,222
4,668
5,625
7,413
12,668
Fixed Assets
4,127
2,588
1,705
2,364
2,050
1,489
1,146
1,081
971
1,059
1,479
2,086
CWIP
104
90
61
85
91
28
20
35
38
94
386
647
Investments
442
231
209
279
130
2
2
41
1
588
438
453
Other Assets
7,088
8,040
8,186
8,083
8,040
3,098
3,229
3,064
3,658
3,884
5,110
9,481
Total Assets
11,760
10,949
10,161
10,811
10,311
4,617
4,397
4,222
4,668
5,625
7,413
12,668
Figures in ₹ Crores

Cash Flow

  Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Operating
-672
-61
-540
380
811
692
-242
483
947
1,028
944
702
Investing
429
432
497
-1,031
-745
-178
-51
227
-21
-1,294
-568
-3,605
Financing
157
-222
50
514
-213
-528
590
-800
-612
-246
-167
2,794
Net Cash Flow
-87
149
7
-138
-147
-14
297
-91
315
-512
210
-109
Free Cash Flow
-537
292
-592
203
682
649
-257
413
865
805
519
-72
CFO/OP
-147
72
354
319
284
2,311
-206
69
95
90
86
43
Figures in ₹ Crores

Ratios

  Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Debtor Days
194
144
124
109
77
37
72
63
68
70
74
86
Inventory Days
128
59
83
85
84
42
79
48
41
49
60
67
Days Payable
202
132
130
130
162
143
191
107
94
98
99
105
Cash Conversion Cycle
120
71
77
64
-1
-63
-40
3
15
21
35
48
Working Capital Days
84
47
283
-53
-96
-285
-207
-62
4
8
16
82
ROCE %
5%
5%
-4%
-1%
2%
-4%
8%
42%
61%
47%
37%
27%

Shareholding Pattern

As of Mar 2026
Promoters 56.36%
DIIs 18.08%
FIIs 12.03%
Public 11.36%
Others 2.17%
Total 100.00%
  Jun 2017Mar 2021Jun 2021Sep 2021Dec 2021Feb 2022Mar 2022May 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Jul 2025Sep 2025Dec 2025Mar 2026
Promoters
34.42%
53.24%
53.25%
52.70%
52.70%
55.64%
55.65%
58.12%
58.12%
58.12%
58.12%
58.12%
58.12%
58.12%
58.11%
58.11%
58.09%
58.07%
58.06%
58.06%
58.05%
56.38%
56.37%
56.36%
56.36%
FIIs
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
16.05%
15.18%
14.65%
14.59%
14.30%
12.97%
12.69%
12.68%
13.02%
12.02%
12.03%
DIIs
31.46%
5.96%
4.90%
3.53%
2.86%
2.57%
2.53%
2.61%
2.95%
7.59%
8.34%
4.06%
7.77%
4.59%
9.16%
10.10%
11.08%
11.44%
11.91%
13.59%
14.23%
16.33%
16.26%
17.56%
18.08%
Government
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
Public
10.03%
22.09%
21.85%
20.10%
19.95%
18.82%
18.29%
16.98%
16.35%
15.57%
15.12%
14.22%
13.68%
13.56%
13.15%
13.06%
13.02%
12.92%
12.84%
12.66%
12.43%
12.07%
11.99%
11.81%
11.36%
Others
24.09%
18.71%
20.00%
23.67%
24.49%
22.97%
23.53%
22.29%
22.58%
18.71%
18.41%
23.59%
20.43%
23.73%
3.53%
3.54%
3.16%
2.98%
2.89%
2.72%
2.60%
2.54%
2.35%
2.25%
2.17%
No. of Shareholders
1,32,107
1,57,997
1,72,733
1,53,376
1,66,745
1,75,735
1,72,334
1,74,436
1,70,143
1,77,387
1,72,131
1,73,059
1,76,210
1,84,064
2,00,497
2,58,587
3,41,820
4,21,250
4,70,500
4,94,916
4,92,418
4,93,500
5,47,043
5,35,803
5,21,349

Documents

Frequently Asked Questions about CG Power & Industrial Solutions Ltd

What does CG Power & Industrial Solutions Ltd do?
CG Power & Industrial Solutions is a global enterprise providing end-to-end solutions to utilities, industries and consumers for the management and application of efficient and sustainable electrical energy. It offers products, services and solutions in two main business segments, viz. Power Syst...
Where is CG Power & Industrial Solutions Ltd (CGPOWER) listed?
CG Power & Industrial Solutions Ltd is listed on the Indian stock exchanges. It is listed on NSE: CGPOWER and BSE: 500093. You can view its live share price, financials, and ratios on Tapetide.
Which sector does CG Power & Industrial Solutions Ltd belong to?
CG Power & Industrial Solutions Ltd operates in the Industrials sector within the Electrical Equipment industry. Sector classification helps investors compare companies affected by similar economic conditions and regulatory changes.
What is the market capitalisation of CG Power & Industrial Solutions Ltd?
CG Power & Industrial Solutions Ltd has a market capitalisation of approximately ₹145884.62 Cr. Based on this, it is classified as a Large Cap stock.
What is the PE ratio of CG Power & Industrial Solutions Ltd?
The Price-to-Earnings (PE) ratio of CG Power & Industrial Solutions Ltd is 122.19. The PE ratio compares a company's share price to its earnings per share and is commonly used to assess whether a stock is overvalued or undervalued relative to its peers.
What is the 52-week high and low of CG Power & Industrial Solutions Ltd?
Over the past 52 weeks, CG Power & Industrial Solutions Ltd has traded between a low of ₹525.5 and a high of ₹969.9. This range helps investors understand the stock's price volatility and recent trading levels.
Does CG Power & Industrial Solutions Ltd pay dividends?
Yes, CG Power & Industrial Solutions Ltd has a dividend yield of 0.14%. Dividend yield indicates the annual dividend income relative to the share price. A consistent dividend history can signal financial stability.
What is the Return on Equity (ROE) of CG Power & Industrial Solutions Ltd?
CG Power & Industrial Solutions Ltd has a Return on Equity (ROE) of 28.86%. ROE measures how effectively a company uses shareholders' equity to generate profits. A higher ROE generally indicates better capital efficiency.
How can I research CG Power & Industrial Solutions Ltd on Tapetide?
On Tapetide, you can view CG Power & Industrial Solutions Ltd's live share price, quarterly results, profit & loss statements, balance sheet, cash flow, key ratios, shareholding pattern, technical indicators, analyst ratings, and forecasts — all on a single page without needing to sign up.

Company Information

CG Power & Industrial Solutions is a global enterprise providing end-to-end solutions to utilities, industries and consumers for the management and application of efficient and sustainable electrical energy. It offers products, services and solutions in two main business segments, viz. Power Systems and Industrial Systems.

Website cgglobal.com
CEO Mr. Amar Kaul B.Tech
Listed 1995-03-01
Face Value ₹ 2
Issued Size 1,57,48,62,609

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