CG Power & Industrial Solutions Ltd logo

CG Power & Industrial Solutions Ltd

CGPOWER NSE

Key Fundamentals

LargecapElectrical EquipmentCapital Goods
Market Cap
1.4L Cr
Volatility
Moderate
P/E Ratio
112.41
EBITDA
₹1,870 Cr
Return on Equity
14.6%
Debt to Equity
0.01
Book Value
₹50.59
EPS
₹5.88
52W High
₹980.9
52W Low
₹525.5

Insights

Beta

AI-extracted from concalls & annual reports · figures as reported, with sources

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Tapetide Score

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Technical Indicators

Key Insights

Strengths

3
  • Company is almost debt free.
  • Company has a good return on equity (ROE) track record: 3 Years ROE 30.2%
  • Company has been maintaining a healthy dividend payout of 17.1%

Weaknesses

2
  • Stock is trading at 17.8 times its book value
  • Working capital days have increased from 31.3 days to 69.8 days

Growth Rate

Revenue Growth
25.73% ↗
Net Income Growth
22.99% ↗
Cash Flow Change
-23.32% ↘
ROE
-39.42% ↘
ROCE
-38.76% ↘
EBITDA Margin (Avg.)
1.30% ↗

AI Analysis — Bull vs Bear

Anthropic anthropic claude-opus-4.6 18h ago
AI opinion · based on fundamentals
Risk high

CG Power & Industrial Solutions is a nearly debt-free capital goods company with a market cap of ₹1,40,811 Cr, trading at a PE of 113.5x and 17.65x book value. The company has delivered 21% TTM sales growth and a 3-year ROE of 30%, but its valuation multiples are significantly elevated relative to earnings and book value.

Bull Case 8
  • Company is almost debt free, providing financial flexibility and low interest burden in a capital-intensive sector
  • Strong 3-year ROE of 30.2% indicates efficient capital allocation and high-quality earnings generation
  • Compounded sales growth of 21% over the last 3 years demonstrates sustained revenue momentum
  • 5-year compounded profit CAGR of 70% reflects a dramatic turnaround in profitability from earlier periods
  • TTM profit growth of 27% continues to outpace sales growth of 21%, indicating margin expansion
  • 5-year stock CAGR of 61% reflects strong market confidence and re-rating of the business
  • 10-year compounded profit CAGR of 37% shows long-term earnings compounding despite earlier challenges
  • Healthy dividend payout ratio of 17.1% signals management confidence in sustaining cash flows
Bear Case 8
  • PE ratio of 113.5x is extremely elevated, implying the stock prices in many years of future growth with little margin of safety
  • Price-to-book of 17.65x is very high even for a capital goods company, leaving significant downside risk if growth disappoints
  • Working capital days have more than doubled from 31.3 days to 69.8 days, indicating deteriorating cash conversion efficiency
  • ROE has declined from a 3-year average of 30% to 20% in the last year, suggesting potential normalisation of returns
  • 3-year compounded profit CAGR of only 10% versus 5-year CAGR of 70% shows a sharp deceleration in earnings growth trajectory
  • Dividend yield of just 0.15% offers negligible income cushion to investors at current valuations
  • 10-year sales CAGR of only 9% indicates that the recent 21% growth acceleration may not be sustainable over full business cycles
  • At ₹1,40,811 Cr market cap with a PE of 113.5x, any earnings miss or guidance cut could trigger disproportionate price correction

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

AI News Digest

Anthropic anthropic claude-opus-4.6 18h ago
Headwinds 2
  • Institutional dissent on board reappointment Jul 25

    Reappointment of director Vellayan Subbiah faced 8.7% institutional investor opposition at the 89th AGM held July 24, 2026, signaling governance concerns among large shareholders.

  • Statutory auditor resignation Jul 24

    Auditor S R B C & CO LLP will resign effective August 14, 2026, to align with holding company TII's audit network. Mid-year auditor transitions can raise procedural uncertainty.

Positives 2
  • Q1FY27 profit surges 27% Jul 24

    Consolidated net profit rose 27% to ₹308.28 crore in Q1FY27 driven by strong Power Systems margins. Board approved ₹35.17 crore brownfield expansion to double EHV GIS manufacturing capacity.

  • Multi-segment growth strategy outlined Jul 27

    Management detailed growth plans across Axiro's semiconductor business, Motors Division (targeting full IE3-IE5 range within a year), and export expansion into Americas, Europe, and MENA targeting data centers, renewables, and grid modernization.

Neutral 1
  • Investor meetings with Premji, Fidelity Aug 12

    CG Power held a one-on-one meeting with Premji Invest on Aug 12 and scheduled meetings with Fidelity International and First State Investment for Aug 18, 2026, per SEBI LODR disclosures.

TL;DR: CG Power delivered strong Q1FY27 earnings with 27% profit growth and is investing in capacity expansion (EHV GIS) and new verticals (semiconductors, high-efficiency motors, exports). Governance is a minor concern with institutional dissent on a board reappointment and an auditor transition. The overall trend is positive with diversified growth drivers, though execution on semiconductor and export ambitions remains to be validated.

Quarterly Results

  Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 2026
Sales
1,874
2,002
1,979
2,192
2,228
2,413
2,516
2,753
2,878
2,923
3,175
3,442
3,281
Expenses
1,609
1,693
1,718
1,908
1,900
2,118
2,185
2,406
2,497
2,546
2,778
2,975
2,884
Operating Profit
265
309
261
284
327
295
331
347
381
377
397
466
397
OPM %
14%
15%
13%
13%
15%
12%
13%
13%
13%
13%
13%
14%
12%
Other Income
29
43
579
42
33
29
34
71
28
66
41
79
84
Interest
1
0
1
1
1
2
1
3
2
3
4
4
4
Depreciation
24
23
24
24
24
28
28
32
44
52
51
49
54
PBT
270
329
816
301
336
294
335
384
364
388
384
492
423
Tax %
24%
26%
8%
22%
28%
25%
29%
29%
27%
27%
26%
26%
27%
Net Profit
204
242
748
234
241
220
238
274
267
284
284
363
308
EPS in Rs
1.33
1.59
4.89
1.53
1.58
1.45
1.57
1.78
1.76
1.82
1.81
2.32
1.99
Figures in ₹ Crores

Profit & Loss

  Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026TTM
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
12,821
Expenses
5,511
5,181
5,645
7,893
7,699
5,079
2,848
4,837
5,967
6,904
8,589
10,777
11,183
Operating Profit
289
88
-128
138
299
31
116
647
1,005
1,142
1,319
1,641
1,638
OPM %
5%
1.7%
-2.3%
1.7%
3.7%
0.6%
3.9%
12%
14%
14%
13%
13%
13%
Other Income
72
-230
-5
-73
-116
-861
1,655
569
286
684
162
208
270
Interest
105
80
186
426
432
365
206
82
28
17
21
25
13
Depreciation
245
172
143
252
225
211
138
99
94
95
112
196
207
PBT
12
-394
-463
-613
-475
-1,407
1,427
1,035
1,169
1,715
1,348
1,628
1,687
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
1,240
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
7.94
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
4,555
Total Liabilities
11,760
10,949
10,161
10,811
10,311
4,617
4,397
4,222
4,668
5,625
7,413
12,644
Fixed Assets
4,127
2,588
1,705
2,364
2,050
1,489
1,146
1,081
971
1,059
1,479
2,008
CWIP
104
90
61
85
91
28
20
35
38
94
386
725
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
9,458
Total Assets
11,760
10,949
10,161
10,811
10,311
4,617
4,397
4,222
4,668
5,625
7,413
12,644
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
916
702
Investing
429
432
497
-1,031
-745
-178
-51
227
-21
-1,294
-540
-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
491
-72
CFO/OP
-147
72
354
319
284
2,311
-206
69
95
90
84
74
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
70
ROCE %
5%
5%
-4%
-1%
2%
-4%
8%
42%
61%
47%
37%
27%

Shareholding Pattern

As of Jun 2026
Promoters 56.36%
DIIs 18.30%
FIIs 11.97%
Public 11.21%
Others 2.16%
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 2026Jun 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%
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%
11.97%
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%
18.30%
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%
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%
11.21%
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%
2.16%
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
5,33,530

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 Capital Goods 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 ₹140669.27 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 112.41. 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 ₹980.9. 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 14.60%. 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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