CG Power & Industrial Solutions Ltd

CG Power & Industrial Solutions Ltd

₹ 688 3.11%
14 Jun 4:01 p.m.
About

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.

Key Points

About
CG is a 85+ year old managed and run by different groups and lately, Murugappa Group company Tube Investment has acquired with infusion of INR 700 Cr in FY2020. The company has two business divisions: Industrial Systems (catering to Motors & Drives, Railways) and Power Systems (used in Transformers, Switchgears & other allied products). The company is a market leader and volume player in Motors business.[1]

  • Market Cap 1,05,196 Cr.
  • Current Price 688
  • High / Low 700 / 359
  • Stock P/E 118
  • Book Value 21.2
  • Dividend Yield 0.22 %
  • ROCE 40.3 %
  • ROE 31.5 %
  • Face Value 2.00

Pros

  • Company is almost debt free.
  • Company has delivered good profit growth of 77.5% CAGR over last 5 years
  • Company has a good return on equity (ROE) track record: 3 Years ROE 32.4%

Cons

  • Stock is trading at 32.4 times its book value

* The pros and cons are machine generated. Pros / cons are based on a checklist to highlight important points. Please exercise caution and do your own analysis.

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Quarterly Results

Standalone Figures in Rs. Crores / View Consolidated

Mar 2021 Jun 2021 Sep 2021 Dec 2021 Mar 2022 Jun 2022 Sep 2022 Dec 2022 Mar 2023 Jun 2023 Sep 2023 Dec 2023 Mar 2024
1,022 954 1,352 1,446 1,407 1,559 1,588 1,645 1,788 1,766 1,900 1,860 2,084
968 861 1,194 1,257 1,251 1,383 1,346 1,385 1,530 1,515 1,605 1,613 1,803
Operating Profit 54 93 157 189 157 176 242 260 258 251 295 247 281
OPM % 5% 10% 12% 13% 11% 11% 15% 16% 14% 14% 16% 13% 13%
99 10 18 249 8 14 18 86 18 26 160 55 56
Interest 21 16 17 17 16 5 4 3 2 1 0 1 1
Depreciation 20 19 19 18 18 19 19 19 19 20 19 19 20
Profit before tax 113 68 140 403 131 166 238 324 255 256 436 282 316
Tax % -653% 35% 23% 11% 17% 25% 25% 25% 6% 25% 18% 23% 24%
849 45 107 360 109 124 178 243 240 192 355 216 241
EPS in Rs 6.35 0.33 0.79 2.66 0.76 0.81 1.17 1.59 1.57 1.26 2.33 1.42 1.58
Raw PDF

Profit & Loss

Standalone Figures in Rs. Crores / View Consolidated

Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
7,135 7,571 4,524 3,901 4,357 5,008 5,356 3,169 2,526 5,159 6,580 7,610
6,541 6,954 4,478 3,676 4,067 4,646 5,079 3,066 2,411 4,562 5,643 6,534
Operating Profit 595 617 46 225 290 362 277 103 114 597 937 1,076
OPM % 8% 8% 1% 6% 7% 7% 5% 3% 5% 12% 14% 14%
99 225 695 -1,140 101 138 -1,242 -1,312 957 285 135 293
Interest 25 40 43 40 164 302 337 248 166 66 15 3
Depreciation 72 89 113 99 92 102 104 91 81 74 75 78
Profit before tax 596 712 586 -1,053 135 95 -1,406 -1,548 824 742 983 1,289
Tax % 25% 27% -1% -4% 8% 80% -1% 4% 16% 15% 20% 22%
446 521 589 -1,099 124 19 -1,417 -1,480 689 627 785 1,004
EPS in Rs 6.95 8.31 9.40 -17.53 1.99 0.31 -22.62 -23.61 5.15 4.35 5.14 6.58
Dividend Payout % 17% 14% 13% 0% 0% 0% 0% 0% 0% 0% 29% 20%
Compounded Sales Growth
10 Years: 0%
5 Years: 7%
3 Years: 44%
TTM: 16%
Compounded Profit Growth
10 Years: 6%
5 Years: 78%
3 Years: 128%
TTM: 21%
Stock Price CAGR
10 Years: 27%
5 Years: 87%
3 Years: 101%
1 Year: 82%
Return on Equity
10 Years: 9%
5 Years: 24%
3 Years: 32%
Last Year: 31%

Balance Sheet

Standalone Figures in Rs. Crores / View Consolidated

Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
Equity Capital 128 125 125 125 125 125 125 125 268 288 305 305
Reserves 2,929 3,231 4,490 4,003 4,074 4,029 2,388 -442 729 1,513 2,125 2,940
14 31 68 582 1,334 2,172 2,163 1,814 953 310 17 15
2,199 2,200 2,996 1,915 1,858 2,456 2,579 1,853 1,930 1,727 1,771 2,164
Total Liabilities 5,270 5,587 7,679 6,625 7,391 8,783 7,255 3,350 3,879 3,838 4,218 5,425
660 755 1,587 1,347 1,279 1,337 1,007 883 801 768 771 851
CWIP 115 68 33 40 36 40 35 15 10 25 29 66
Investments 1,055 826 1,171 483 446 1,029 899 15 304 343 303 995
3,439 3,938 4,889 4,756 5,630 6,377 5,314 2,437 2,764 2,703 3,116 3,514
Total Assets 5,270 5,587 7,679 6,625 7,391 8,783 7,255 3,350 3,879 3,838 4,218 5,425

Cash Flows

Standalone Figures in Rs. Crores / View Consolidated

Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
181 217 -626 -921 -733 -59 983 635 -335 450 890 332
-105 182 -9 736 190 -340 -642 -142 -4 190 7 -584
-108 -245 493 397 588 338 -430 -497 596 -675 -585 -243
Net Cash Flow -32 154 -141 212 44 -61 -89 -3 256 -36 313 -495

Ratios

Standalone Figures in Rs. Crores / View Consolidated

Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
Debtor Days 94 92 146 154 124 117 80 46 75 63 68 70
Inventory Days 39 36 43 53 86 43 53 46 80 44 38 47
Days Payable 108 102 111 135 124 130 154 199 208 110 98 100
Cash Conversion Cycle 25 26 78 71 85 29 -21 -107 -53 -3 8 18
Working Capital Days 54 66 252 220 264 32 -8 -104 -34 -1 15 44
ROCE % 21% 23% 6% 8% 8% 9% 8% 2% 4% 28% 41%

Shareholding Pattern

Numbers in percentages

Jun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024
53.25% 52.70% 52.70% 55.65% 58.12% 58.13% 58.12% 58.12% 58.12% 58.12% 58.12% 58.11%
10.70% 11.89% 13.14% 13.23% 12.87% 12.97% 12.96% 15.39% 15.94% 16.74% 16.05% 15.18%
6.42% 6.37% 5.77% 5.28% 5.68% 7.57% 8.32% 7.17% 7.74% 7.83% 9.15% 10.09%
29.63% 29.04% 28.39% 25.84% 23.33% 21.34% 20.60% 19.32% 18.18% 17.31% 16.69% 16.61%
No. of Shareholders 1,72,7331,53,3761,66,7451,72,3341,70,1431,77,3871,72,1311,73,0591,76,2101,84,0642,00,4972,58,587

* The classifications might have changed from Sep'2022 onwards. The new XBRL format added more details from Sep'22 onwards.

Classifications such as banks and foreign portfolio investors were not available earlier. The sudden changes in FII or DII can be because of these changes.

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