GE Power India Ltd
GVPIL NSE
GE Power India Ltd
Capital GoodsNSE: GVPIL BSE: 532309 Electrical Equipment
Key Fundamentals
MicrocapElectrical EquipmentCapital GoodsMarket Cap
₹4,512 Cr
Volatility
Moderate
P/E Ratio
16.28
EBITDA
₹374 Cr
Return on Equity
55.34%
Debt to Equity
0.03
Book Value
₹86.65
52W High
₹1,084
52W Low
₹270.9
Insights
BetaAI-extracted from concalls & annual reports · figures as reported, with sources
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45 extracted metrics + investor summaries across FY15–FY26.
Tapetide Score
Data-driven rating, 0–100. How it works →
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 7.70 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 claude-opus-4.6 48d agoAI 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 claude-opus-4.6 48d 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 2023 | Sep 2023 | Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 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 |
Profit & Loss
| Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | TTM | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 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% | — |
Balance Sheet
| Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 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 |
Cash Flow
| Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 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 |
Ratios
| Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 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% |
Documents
2
Board Meeting Outcome for Outcome Of Board Meeting Held On 11 May 2026
6h - Board approved FY26 audited results and recommended ₹7 final dividend per share; audit opinion unmodified. 6h - Board approved FY26 audited results and recommended ₹7 final dividend per share; audit opinion unmodified.
3
Intimation Under Regulation 30 Of The SEBI (LODR) Regulations, 2015
5h - Board approved Deloitte reappointment as statutory auditor and appointed EY internal auditor, cost auditor for FY27. 5h - Board approved Deloitte reappointment as statutory auditor and appointed EY internal auditor, cost auditor for FY27.
4
Announcement under Regulation 30 (LODR)-Investor Presentation
5h - Presentation for the Earnings Conference Call Scheduled on 12 May 2026 5h - Presentation for the Earnings Conference Call Scheduled on 12 May 2026
5
Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Intimation
7 May - The Investor Earnings Conference Call has been rescheduled to be held on 12 May 2026 at 10:00 a.m. as per the details enclosed. 7 May - The Investor Earnings Conference Call has been rescheduled to be held on 12 May 2026 at 10:00 a.m. as per the details enclosed.
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 market capitalisation of GE Power India Ltd?
GE Power India Ltd has a market capitalisation of approximately ₹4511.64 Cr. Based on this, it is classified as a Small Cap stock.
What is the PE ratio of GE Power India Ltd?
The Price-to-Earnings (PE) ratio of GE Power India Ltd is 16.28. 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.
Does GE Power India Ltd pay dividends?
Yes, GE Power India Ltd has a dividend yield of 1.05%. 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 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