GE Power India Ltd logo

GE Power India Ltd

GVPIL NSE

Key Fundamentals

Volatility
Moderate
P/E Ratio
19.05
EBITDA
₹374 Cr
Return on Equity
55.34%
Debt to Equity
0.03
52W High
₹1,084
52W Low
₹270.9

Insights

Beta

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

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45 extracted metrics + investor summaries across FY15–FY26.

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Tapetide Score

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Technical Indicators

Key Insights

Strengths

4
  • Company has reduced debt.
  • Company is almost debt free.
  • Company has delivered good profit growth of 24.0% CAGR over last 5 years
  • Company has a good return on equity (ROE) track record: 3 Years ROE 43.6%

Weaknesses

4
  • Stock is trading at 9.35 times its book value
  • The company has delivered a poor sales growth of -17.6% over past five years.
  • Tax rate seems low
  • Company has high debtors of 219 days.

Growth Rate

Revenue Growth
23.75% ↗
Net Income Growth
856.38% ↗
Cash Flow Change
23.83% ↗
ROE
420.60% ↗
ROCE
237.75% ↗
EBITDA Margin (Avg.)
395.96% ↗

AI Analysis — Bull vs Bear

Anthropic anthropic claude-opus-4.6 39d ago
AI opinion · based on fundamentals
Risk high

GE Power India Ltd has a market cap of ₹6,082 Cr trading at a PE of 23.3x and PB of 10.1x. The company has delivered strong profit growth (29.6% CAGR over 5 years) and a 3-year ROE of 52%, but revenue has declined at -17.6% CAGR over the past five years, presenting a divergence between earnings recovery and topline contraction.

Bull Case 7
  • Company is almost debt-free, having reduced its leverage significantly, providing financial flexibility for future capex or order execution
  • Compounded profit growth of 30% CAGR over 5 years and 41% over 3 years demonstrates sustained earnings recovery
  • 3-year ROE of 52% and last year ROE of 78% indicate highly efficient capital deployment in recent periods
  • TTM sales growth of 21% signals a potential revenue inflection after years of topline decline
  • TTM profit growth of 72% shows accelerating earnings momentum in the most recent period
  • Stock has delivered 178% returns over 1 year and 77% CAGR over 3 years, reflecting strong market re-rating
  • PE of 23.3x is not extreme for an industrials company with 72% TTM profit growth, suggesting potential earnings-led valuation support
Bear Case 8
  • Compounded sales have declined at -17.6% over 5 years and -11% over 3 years, indicating a structurally shrinking revenue base until very recently
  • Stock trades at 10.1x book value, a steep premium that leaves little margin of safety if earnings disappoint
  • Debtor days at 219 days signals significant working capital stress and potential collection risk from clients
  • 10-year stock CAGR of just 3% shows that long-term wealth creation has been minimal despite recent surge
  • 5-year ROE of -8% reveals that recent high returns are a reversal of earlier losses rather than a secular trend
  • Dividend yield of just 0.11% offers negligible income return to shareholders at current prices
  • 10-year compounded sales growth of -3% shows the company has failed to grow its topline over a full business cycle
  • Tax rate appears low, which may flatter reported earnings and could normalize upward in future periods

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

AI News Digest

Anthropic anthropic claude-opus-4.6 39d ago
Positives 2
  • Net worth surges, turnaround strategy Jul 3

    GE Power India outlined its Q1FY26 turnaround strategy and proposed demerger of Durgapur business to JSW Energy. Net worth surged to ₹483 crore by March 2026.

  • New CFO and directors appointed Jun 20

    Board approved re-appointment of Shukla Wassan and appointed Vipul Sharma, Rahul Rojal, and Shrikar Thakur to key roles effective June-July 2026, signaling leadership strengthening.

Neutral 3
  • Analyst meets on merger scheme Jul 1

    GE Power India scheduled analyst meets on July 6 and July 10, 2026 to discuss the scheme of arrangement with JSW Energy via conference call and webcast.

  • NCLT-directed meetings July 20 Jun 18

    GE Power India will hold NCLT-directed meetings on July 20, 2026 to consider the merger scheme with JSW Energy.

  • KMP contact details updated Jun 19

    GE Power India updated contact details for KMPs authorized to determine materiality of events, effective June 19, 2026.

TL;DR: GE Power India is executing a clear turnaround with net worth reaching ₹483 crore and leadership appointments strengthening governance. The proposed demerger of Durgapur business to JSW Energy is progressing through NCLT-directed meetings and analyst engagement. No material headwinds are visible in recent news flow. The trend is improving as the company moves closer to completing its restructuring with JSW Energy.

Quarterly Results

  Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 2026
Sales
424
241
294
247
246
217
317
266
287
281
386
316
309
Expenses
556
267
292
262
265
207
313
287
287
253
261
210
264
Operating Profit
-132
-26
2
-16
-18
10
4
-21
0
28
125
107
45
OPM %
-31%
-11%
0.8%
-6%
-7%
4.7%
1.2%
-8%
0%
10%
32%
34%
14%
Other Income
17
-16
11
64
22
70
-15
223
44
16
-42
16
20
Interest
16
16
9
18
10
9
4
2
6
6
6
4
5
Depreciation
5
4
4
4
4
3
4
3
3
3
3
3
3
PBT
-136
-62
0
26
-10
67
-19
197
35
35
73
115
57
Tax %
0%
0%
0%
0%
0%
0%
0%
17%
0%
8%
2%
2%
5%
Net Profit
-136
-62
0
26
-10
67
-19
164
35
32
72
113
54
EPS in Rs
-20.2
-9.2
0.06
3.86
-1.42
9.95
-2.76
24.43
5.16
4.81
10.76
16.84
7.99
Figures in ₹ Crores

Profit & Loss

  Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026TTM
Sales
2,124
1,711
1,993
1,338
1,903
2,446
3,343
2,620
1,796
1,039
1,047
1,269
1,291
Expenses
1,948
1,886
1,941
1,203
1,712
2,294
3,179
2,764
2,108
1,184
1,038
1,000
987
Operating Profit
177
-176
53
135
191
152
164
-144
-313
-145
9
269
304
OPM %
8%
-10%
2.6%
10%
10%
6%
4.9%
-5%
-17%
-14%
0.9%
21%
24%
Other Income
173
184
92
-9
40
157
66
-5
81
60
252
34
9
Interest
10
31
60
32
54
69
81
97
77
71
44
32
21
Depreciation
73
72
60
51
31
66
50
44
23
15
14
12
12
PBT
266
-94
26
42
146
173
99
-291
-331
-171
203
259
281
Tax %
34%
-39%
110%
37%
48%
51%
29%
-1%
33%
0%
0%
2%
—
Net Profit
177
-58
-2
27
75
85
70
-289
-441
-171
203
253
272
EPS in Rs
26.31
-8.63
-0.37
3.96
11.22
12.58
10.48
-42.96
-65.54
-25.49
30.2
37.58
40.4
Div. Payout %
38%
0%
-820%
76%
54%
16%
10%
0%
0%
0%
0%
0%
—
Figures in ₹ Crores

Balance Sheet

  Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Equity Capital
67
67
67
67
67
67
67
67
67
67
67
67
Reserves
911
758
760
761
815
849
904
609
165
2
249
515
Borrowings
0
0
0
0
0
137
453
388
359
163
29
18
Other Liabilities
2,090
2,762
3,039
3,085
2,677
2,316
2,569
2,394
2,272
2,349
1,667
1,538
Total Liabilities
3,069
3,588
3,867
3,913
3,559
3,370
3,993
3,458
2,864
2,581
2,012
2,138
Fixed Assets
396
374
350
271
151
307
283
133
110
98
63
40
CWIP
50
39
28
9
12
5
2
2
1
4
4
3
Investments
0
3
3
3
3
3
3
10
13
19
30
46
Other Assets
2,622
3,172
3,486
3,630
3,394
3,056
3,705
3,312
2,740
2,461
1,915
2,049
Total Assets
3,069
3,588
3,867
3,913
3,559
3,370
3,993
3,458
2,864
2,581
2,012
2,138
Figures in ₹ Crores

Cash Flow

  Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Operating
189
62
430
48
-241
-563
-478
49
90
182
379
469
Investing
367
-182
-91
-700
223
917
63
-5
6
-3
56
-436
Financing
-111
-84
-2
-28
-39
-86
254
-79
-48
-226
-128
-47
Net Cash Flow
445
-205
337
-680
-57
267
-160
-35
48
-47
308
-14
Free Cash Flow
192
35
406
36
-229
-465
-473
44
87
180
376
467
CFO/OP
163
-44
816
42
-81
-314
-268
-45
-24
-110
3,772
189
Figures in ₹ Crores

Ratios

  Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Debtor Days
166
231
155
259
188
198
242
334
397
597
409
219
Inventory Days
249
192
228
649
70
67
37
20
36
97
95
107
Days Payable
156
428
919
1,814
284
255
201
263
321
802
567
395
Cash Conversion Cycle
259
-5
-536
-907
-26
10
78
91
112
-108
-63
-69
Working Capital Days
-38
-53
-120
-187
-64
26
44
30
-25
-78
-83
15
ROCE %
24%
-7%
17%
26%
34%
22%
17%
-4%
-29%
-16%
27%
82%

Shareholding Pattern

As of Jun 2026
Promoters 68.58%
Public 28.81%
FIIs 1.17%
DIIs 1.05%
Government 0.39%
Total 100.00%
  Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 2026
Promoters
68.58%
68.58%
68.58%
68.58%
68.58%
68.58%
68.58%
68.58%
68.58%
68.58%
68.58%
68.58%
FIIs
0.23%
0.11%
0.25%
0.39%
0.43%
0.85%
0.41%
0.56%
0.11%
0.15%
1.26%
1.17%
DIIs
5.27%
3.87%
3.50%
2.99%
2.80%
2.80%
2.30%
0.46%
0.40%
0.43%
1.13%
1.05%
Government
0.39%
0.39%
0.39%
0.39%
0.39%
0.39%
0.39%
0.39%
0.39%
0.39%
0.39%
0.39%
Public
25.53%
27.04%
27.27%
27.65%
27.79%
27.39%
28.32%
30.01%
30.51%
30.45%
28.65%
28.81%
No. of Shareholders
59,304
61,262
61,201
63,524
70,299
71,747
71,868
73,480
70,321
67,500
67,300
69,908

Documents

Frequently Asked Questions about GE Power India Ltd

What does GE Power India Ltd do?
GE Power India Ltd is engaged in business of engineering, procurement & construction (EPC) of key equipment for thermal and hydro power plants. It is one of the leading players in the Indian power generation equipment market.[1]
Where is GE Power India Ltd (GVPIL) listed?
GE Power India Ltd is listed on the Indian stock exchanges. It is listed on NSE: GVPIL and BSE: 532309. You can view its live share price, financials, and ratios on Tapetide.
Which sector does GE Power India Ltd belong to?
GE Power India 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 PE ratio of GE Power India Ltd?
The Price-to-Earnings (PE) ratio of GE Power India Ltd is 19.05. 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 GE Power India Ltd?
Over the past 52 weeks, GE Power India Ltd has traded between a low of ₹270.9 and a high of ₹1,084. This range helps investors understand the stock's price volatility and recent trading levels.
What is the Return on Equity (ROE) of GE Power India Ltd?
GE Power India Ltd has a Return on Equity (ROE) of 55.34%. ROE measures how effectively a company uses shareholders' equity to generate profits. A higher ROE generally indicates better capital efficiency.
How can I research GE Power India Ltd on Tapetide?
On Tapetide, you can view GE Power India 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

GE Power India Ltd is engaged in business of engineering, procurement & construction (EPC) of key equipment for thermal and hydro power plants. It is one of the leading players in the Indian power generation equipment market.[1]

Website ge.com
CEO Mr. Puneet Bhatla
Employees 1,070
Listed 2000-04-19
Face Value ₹ 10
Issued Size 6,72,27,471

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