CG Power & Industrial Solutions logo

CG Power & Industrial Solutions

CGPOWER NSE

Key Fundamentals

LargecapElectrical EquipmentCapital Goods
Market Cap
1.4L Cr
Volatility
Moderate
P/E Ratio
110.71
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

Tapetide Score

Data-driven rating, 0–100. How it works →

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 17.4 times its book value
  • Working capital days have increased from 31.3 days to 69.8 days

Growth Rate

Revenue Growth
25.73% higher than 3Y
Net Income Growth
22.99% higher than 3Y
Cash Flow Change
-23.32% higher than 3Y
ROE
-39.42% lower than 3Y
ROCE
-38.76% higher than 3Y
EBITDA Margin (Avg.)
1.3% higher than 3Y

AI Analysis — Bull vs Bear

6d ago
AI opinion · based on fundamentals
Risk high

CG Power & Industrial Solutions has a market capitalisation of about Rs 1,40,165 crore. Its sales have grown at a 33% five-year CAGR and a 21% TTM rate, and TTM profit growth is 27%. The stock trades at 112.6 times earnings and 17.51 times book value. Return on equity has fallen from a 3-year average of 30% to 20% in the last year, and working capital days have risen from 31.3 to 69.8.

Bull Case 7
  • Revenue growth has been consistent: sales compounded at 33% over 5 years, 21% over 3 years and 21% on a TTM basis.
  • Profit growth is speeding up again. TTM profit growth is 27%, compared with a 3-year profit CAGR of 10%, and profits compounded at 70% over 5 years.
  • The balance sheet is almost debt-free, which gives the company room to fund capacity expansion and new ventures without heavy leverage.
  • Capital efficiency has been high over time, with a 3-year average ROE of 30.2% and a 5-year average ROE of 38%.
  • Shareholder returns have been strong over long periods. The stock compounded at 52% over 5 years, 26% over 3 years and 27% over 10 years.
  • The company keeps a 17.1% dividend payout ratio while still reinvesting most of its earnings for growth.
  • With a market capitalisation of about Rs 1,40,165 crore, it is one of the larger listed names in the capital goods sector, which supports liquidity and institutional interest.
Bear Case 8
  • Valuation is very high. The stock trades at a P/E of 112.6, which assumes strong earnings growth will continue for many years.
  • The price-to-book ratio of 17.51 is high, leaving little margin of safety if growth or returns fall short.
  • Working capital days have more than doubled, from 31.3 to 69.8. This points to slower collections, higher inventory, or both, and could weigh on cash conversion.
  • Return on equity has dropped to 20% in the last year, down from a 3-year average of 30% and a 5-year average of 38%.
  • Over 3 years, profit grew at a 10% CAGR while sales grew at 21%, so earnings have lagged revenue over this period.
  • The dividend yield is 0.15%, so almost all of the return depends on share price gains rather than income.
  • Stock returns have slowed. The 1-year CAGR is 20%, compared with 26% over 3 years and 52% over 5 years, which may mean the re-rating is maturing.
  • Over 10 years, sales grew at only a 9% CAGR, so the current high growth comes from a turnaround off a weak base. The long-term record is less consistent than recent numbers suggest.

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

AI News Digest

1d ago
Positives 1
  • Sehore transformer plant goes live Sep 4

    CG Power rolled out the first transformer from its new factory in Sehore, Madhya Pradesh, which has an installed capacity of 45,000 MVA. The plant is expected to create 2,000+ jobs and adds significant capacity to serve strong power T&D demand.

Neutral 2
  • PwC appointed as statutory auditor Sep 25

    Shareholders passed an ordinary resolution appointing Price Waterhouse Chartered Accountants LLP as statutory auditors, replacing SRBC & CO LLP. This looks like a routine governance change with no reported qualifications or disputes.

  • Back-to-back institutional analyst meets Sep 19

    CG Power scheduled one-to-one meetings with Macquarie Capital on Sep 24, 2026 and IIFL Institutional Equities on Sep 25, 2026, disclosed under SEBI LODR Regulations 30(2) and 46(2). This points to continued institutional interest, but no new information was disclosed.

TL;DR: CG Power's key development is the start of production at its 45,000 MVA Sehore transformer factory, which supports growth in a tight transformer market. The other items are routine: an auditor change to Price Waterhouse and investor meetings with Macquarie and IIFL. None of these articles point to a direct risk, though execution on ramping up the new plant and margin pressure from the larger capacity are worth watching. The trend looks steady to improving, and the next signal to watch is how fast Sehore ramps up and whether order inflows keep pace in the coming quarterly results.

Quarterly Results

Particulars 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

Particulars 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

Particulars 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

Particulars 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

Particulars 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%

Insights

Beta

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

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Shareholding Pattern

Others2.16%Promot.56.36%Public11.21%FIIs11.97%DIIs18.30%As ofJun 2026

Documents

Frequently Asked Questions about CG Power & Industrial Solutions

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 trades as CGPOWER on the NSE and under code 500093 on the BSE.
Which sector does CG Power & Industrial Solutions Ltd belong to?
CG Power & Industrial Solutions Ltd is classified under the Capital Goods sector, in the Electrical Equipment industry.
What is the market capitalisation of CG Power & Industrial Solutions Ltd?
CG Power & Industrial Solutions Ltd has a market capitalisation of ₹1,38,419 Cr, which places it in the Large Cap band.
What is the PE ratio of CG Power & Industrial Solutions Ltd?
CG Power & Industrial Solutions Ltd trades at a PE ratio of 110.71, on earnings per share of ₹5.88, against a book value of ₹50.59 per share.
What is the 52-week high and low of CG Power & Industrial Solutions Ltd?
Over the last 52 weeks CG Power & Industrial Solutions Ltd has traded between ₹525.5 and ₹980.9.
Does CG Power & Industrial Solutions Ltd pay dividends?
CG Power & Industrial Solutions Ltd has a dividend yield of 0.15%.
What is the Return on Equity (ROE) of CG Power & Industrial Solutions Ltd?
CG Power & Industrial Solutions Ltd reported a return on equity of 14.60%. Its debt-to-equity ratio is 0.01.

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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