CG Power & Industrial Solutions Ltd
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.
- Market Cap ₹ 94,005 Cr.
- Current Price ₹ 597
- High / Low ₹ 798 / 518
- Stock P/E 84.5
- Book Value ₹ 47.4
- Dividend Yield 0.22 %
- ROCE 37.5 %
- ROE 27.7 %
- Face Value ₹ 2.00
Pros
- Company is almost debt free.
- Company has a good return on equity (ROE) track record: 3 Years ROE 45.0%
- Company has been maintaining a healthy dividend payout of 19.4%
Cons
- Stock is trading at 12.6 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.
Peer comparison
Industrials Capital Goods Electrical Equipment Heavy Electrical Equipment
Part of BSE 500 BSE Capital Goods BSE 200 BSE Dollex 200 Nifty Next 50
Quarterly Results
Consolidated Figures in Rs. Crores / View Standalone
Profit & Loss
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | TTM | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 13,632 | 5,800 | 5,269 | 5,517 | 8,031 | 7,998 | 5,110 | 2,964 | 5,484 | 6,973 | 8,046 | 9,909 | 11,729 | |
| 13,019 | 5,511 | 5,181 | 5,645 | 7,893 | 7,699 | 5,079 | 2,848 | 4,837 | 5,967 | 6,904 | 8,589 | 10,262 | |
| Operating Profit | 612 | 289 | 88 | -128 | 138 | 299 | 31 | 116 | 647 | 1,005 | 1,142 | 1,319 | 1,466 |
| OPM % | 4% | 5% | 2% | -2% | 2% | 4% | 1% | 4% | 12% | 14% | 14% | 13% | 12% |
| 281 | 72 | -230 | -5 | -73 | -116 | -861 | 1,655 | 569 | 286 | 684 | 162 | 242 | |
| Interest | 137 | 105 | 80 | 186 | 426 | 432 | 365 | 206 | 82 | 28 | 17 | 21 | 11 |
| Depreciation | 262 | 245 | 172 | 143 | 252 | 225 | 211 | 138 | 99 | 94 | 95 | 112 | 178 |
| Profit before tax | 495 | 12 | -394 | -463 | -613 | -475 | -1,407 | 1,427 | 1,035 | 1,169 | 1,715 | 1,348 | 1,519 |
| Tax % | 48% | -88% | 17% | 6% | 17% | 7% | -5% | 10% | 12% | 18% | 17% | 28% | |
| 244 | 22 | -461 | -491 | -715 | -507 | -1,331 | 1,280 | 913 | 963 | 1,428 | 973 | 1,109 | |
| EPS in Rs | 3.90 | 0.37 | -7.33 | -7.83 | -11.47 | -8.03 | -21.12 | 9.68 | 6.33 | 6.30 | 9.34 | 6.37 | 7.17 |
| Dividend Payout % | 31% | 214% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 24% | 14% | 20% |
| Compounded Sales Growth | |
|---|---|
| 10 Years: | 6% |
| 5 Years: | 14% |
| 3 Years: | 22% |
| TTM: | 25% |
| Compounded Profit Growth | |
|---|---|
| 10 Years: | 15% |
| 5 Years: | 34% |
| 3 Years: | 11% |
| TTM: | 18% |
| Stock Price CAGR | |
|---|---|
| 10 Years: | 32% |
| 5 Years: | 69% |
| 3 Years: | 25% |
| 1 Year: | -2% |
| Return on Equity | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | 45% |
| Last Year: | 28% |
Balance Sheet
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Sep 2025 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Equity Capital | 125 | 125 | 125 | 125 | 125 | 125 | 125 | 268 | 288 | 305 | 305 | 306 | 315 |
| Reserves | 3,519 | 4,172 | 4,464 | 3,977 | 2,757 | 2,005 | -2,081 | -352 | 715 | 1,485 | 2,712 | 3,538 | 7,146 |
| 2,396 | 2,092 | 1,528 | 1,502 | 3,041 | 3,297 | 2,757 | 1,484 | 367 | 16 | 17 | 41 | 117 | |
| 4,788 | 5,370 | 4,831 | 4,557 | 4,887 | 4,883 | 3,816 | 2,997 | 2,852 | 2,861 | 2,590 | 3,528 | 4,030 | |
| Total Liabilities | 10,828 | 11,760 | 10,949 | 10,161 | 10,811 | 10,311 | 4,617 | 4,397 | 4,222 | 4,668 | 5,625 | 7,413 | 11,608 |
| 3,241 | 4,127 | 2,588 | 1,705 | 2,364 | 2,050 | 1,489 | 1,146 | 1,081 | 971 | 1,059 | 1,479 | 2,025 | |
| CWIP | 218 | 104 | 90 | 61 | 85 | 91 | 28 | 20 | 35 | 38 | 94 | 386 | 455 |
| Investments | 299 | 442 | 231 | 209 | 279 | 130 | 2 | 2 | 41 | 1 | 588 | 438 | 783 |
| 7,070 | 7,088 | 8,040 | 8,186 | 8,083 | 8,040 | 3,098 | 3,229 | 3,064 | 3,658 | 3,884 | 5,110 | 8,345 | |
| Total Assets | 10,828 | 11,760 | 10,949 | 10,161 | 10,811 | 10,311 | 4,617 | 4,397 | 4,222 | 4,668 | 5,625 | 7,413 | 11,608 |
Cash Flows
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 320 | -672 | -61 | -540 | 380 | 811 | 692 | -242 | 483 | 947 | 1,028 | 944 | |
| -98 | 429 | 432 | 497 | -1,031 | -745 | -178 | -51 | 227 | -21 | -1,294 | -568 | |
| 10 | 157 | -222 | 50 | 514 | -213 | -528 | 590 | -800 | -612 | -246 | -167 | |
| Net Cash Flow | 232 | -87 | 149 | 7 | -138 | -147 | -14 | 297 | -91 | 315 | -512 | 210 |
Ratios
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Debtor Days | 96 | 194 | 144 | 124 | 109 | 77 | 37 | 72 | 63 | 68 | 70 | 74 |
| Inventory Days | 67 | 128 | 59 | 83 | 85 | 84 | 42 | 79 | 48 | 41 | 49 | 60 |
| Days Payable | 111 | 202 | 132 | 130 | 130 | 162 | 143 | 191 | 107 | 94 | 98 | 99 |
| Cash Conversion Cycle | 52 | 120 | 71 | 77 | 64 | -1 | -63 | -40 | 3 | 15 | 21 | 35 |
| Working Capital Days | 18 | 84 | 47 | 283 | -53 | -96 | -285 | -207 | -62 | 4 | 8 | 16 |
| ROCE % | 11% | 5% | 5% | -4% | -1% | 2% | -4% | 8% | 42% | 61% | 47% | 37% |
Documents
Announcements
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Announcement Under Regulation 30 And 31A Of SEBI Listing Regulations, 2015
2d - Applied to exchanges to declassify Algavista Greentech Pvt Ltd as promoter; holds 0 shares (0%).
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Announcement under Regulation 30 (LODR)-Press Release / Media Release
2d - G.G. Tronics won ₹433.34 crore KAVACH order from Chittaranjan Locomotive Works; one-year execution, 11-year AMC.
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Announcement under Regulation 30 (LODR)-Monitoring Agency Report
2d - Revised monitoring report correcting GCP cost (724.17→724.14); QIP Rs3,000 crore; quarter ended Dec 31, 2025.
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Announcement Under Regulation 30 Of SEBI Listing Regulations, 2015- Order For A.Y. 2020-21 Received From IT Department.
29 Jan - Income tax demand Rs.33,01,61,769 stayed; pay 20% (six instalments Rs.1,10,00,000 each) pending ITAT appeal.
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Announcement Under Regulation 30 Of SEBI Listing Regulations, 2015- Order Received For A.Y. 2018-19 From IT Department.
29 Jan - Stay on tax demand Rs.3,52,94,04,226 (earlier Rs.3,65,37,21,581); 20% payable in five ₹9,00,00,000 instalments.
Annual reports
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Financial Year 2025
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Financial Year 2024
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Financial Year 2023
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Financial Year 2013
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Financial Year 2012
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Financial Year 2011
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Concalls
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Jan 2026TranscriptAI SummaryPPTREC
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Oct 2025TranscriptPPTREC
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Oct 2023TranscriptPPTREC
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May 2022TranscriptPPT
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Oct 2021TranscriptPPT
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Aug 2019TranscriptAI SummaryPPT
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Nov 2017TranscriptPPT
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Feb 2017TranscriptPPT
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Dec 2016TranscriptPPT
Promoter
The company is promoted by Tube Investments of India Limited, a part of the Murugappa Group. The group has a diverse presence across India and globally, with businesses spanning agriculture, engineering, financial services, and more. [1] [2]