CG Power & Industrial Solutions Ltd

About [ edit ]

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 11,272 Cr.
  • Current Price 84.4
  • High / Low 84.4 / 5.40
  • Stock P/E
  • Book Value -2.30
  • Dividend Yield 0.00 %
  • ROCE -3.28 %
  • ROE -37.8 %
  • Face Value 2.00

Pros

  • Company has reduced debt.
  • Debtor days have improved from 74.59 to 37.30 days.

Cons

  • Company has low interest coverage ratio.
  • The company has delivered a poor sales growth of -2.50% over past five years.
  • Company has a low return on equity of -20.92% for last 3 years.
  • Promoters have pledged 95.83% of their holding.
  • Company's cost of borrowing seems high
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Quarterly Results

Consolidated Figures in Rs. Crores / View Standalone

Mar 2018 Jun 2018 Sep 2018 Dec 2018 Mar 2019 Jun 2019 Sep 2019 Dec 2019 Mar 2020 Jun 2020 Sep 2020 Dec 2020
2,275 1,828 2,110 2,071 1,989 1,774 1,542 1,178 616 363 664 820
2,297 1,759 2,037 2,052 1,904 1,702 1,491 1,215 719 471 603 717
Operating Profit -22 69 72 20 85 72 51 -37 -103 -108 61 103
OPM % -1% 4% 3% 1% 4% 4% 3% -3% -17% -30% 9% 13%
Other Income 180 0 -8 29 -133 -15 -1,526 -41 -151 -8 163 -1,008
Interest 80 82 74 86 142 81 80 80 83 82 76 14
Depreciation 80 58 59 59 49 57 52 62 41 40 32 34
Profit before tax -2 -71 -69 -96 -239 -81 -1,608 -220 -377 -237 116 -952
Tax % -2,872% -56% -47% -10% 21% 9% 1% 5% 24% -11% 6% 44%
Net Profit -61 -111 -104 -107 -181 -72 -1,595 -204 -284 -243 110 -540
EPS in Rs -0.97 -1.77 -1.65 -1.71 -2.89 -1.14 -25.45 -3.26 -4.52 -3.87 1.76 -4.04

Profit & Loss

Consolidated Figures in Rs. Crores / View Standalone

Mar 2009 Mar 2010 Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 TTM
8,808 9,220 10,005 11,249 12,094 13,632 5,800 5,269 5,517 8,031 7,998 5,110 2,462
7,813 7,943 8,678 10,445 11,735 13,019 5,511 5,181 5,651 7,908 7,716 5,272 2,509
Operating Profit 996 1,277 1,327 804 360 612 289 88 -135 123 281 -162 -47
OPM % 11% 14% 13% 7% 3% 4% 5% 2% -2% 2% 4% -3% -2%
Other Income 74 145 92 63 3 281 72 -230 2 -58 -99 -1,547 -1,003
Interest 81 43 34 57 95 137 105 80 186 426 432 365 254
Depreciation 122 155 194 260 203 262 245 172 143 252 225 211 146
Profit before tax 867 1,224 1,191 550 64 495 12 -394 -463 -613 -475 -2,285 -1,450
Tax % 35% 30% 26% 33% 158% 48% -88% -17% -6% -17% -7% 5%
Net Profit 560 860 889 374 -36 244 23 -459 -491 -719 -504 -2,159 -956
EPS in Rs 8.73 13.40 13.85 5.82 -0.56 3.90 0.37 -7.33 -7.83 -11.47 -8.03 -34.46 -10.67
Dividend Payout % 13% 16% 16% 24% -213% 31% 214% 0% 0% 0% 0% 0%
Compounded Sales Growth
10 Years:-6%
5 Years:-3%
3 Years:-3%
TTM:-62%
Compounded Profit Growth
10 Years:%
5 Years:%
3 Years:7%
TTM:-133%
Stock Price CAGR
10 Years:2%
5 Years:8%
3 Years:1%
1 Year:1096%
Return on Equity
10 Years:-2%
5 Years:-13%
3 Years:-21%
Last Year:-38%

Balance Sheet

Consolidated Figures in Rs. Crores / View Standalone

Mar 2009 Mar 2010 Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Sep 2020
73 128 128 128 128 125 125 125 125 125 125 125 125
Reserves 1,758 2,376 3,146 3,483 3,433 3,519 4,172 4,464 3,977 2,757 2,005 -245 -433
Borrowings 718 501 466 1,044 2,029 2,396 2,092 1,528 1,502 3,041 3,297 2,745 868
2,990 3,026 3,440 3,975 4,415 4,788 5,370 4,831 4,557 4,887 4,883 4,065 5,700
Total Liabilities 5,539 6,031 7,180 8,630 10,006 10,828 11,760 10,949 10,161 10,811 10,311 6,691 6,261
1,325 1,262 1,837 2,148 2,835 3,241 4,127 2,588 1,705 2,364 2,050 1,489 1,213
CWIP 54 114 104 110 231 218 104 90 61 85 91 28 16
Investments 167 554 675 786 791 299 442 231 209 279 130 2 2
3,993 4,102 4,565 5,586 6,149 7,070 7,088 8,040 8,186 8,083 8,040 5,173 5,030
Total Assets 5,539 6,031 7,180 8,630 10,006 10,828 11,760 10,949 10,161 10,811 10,311 6,691 6,261

Cash Flows

Consolidated Figures in Rs. Crores / View Standalone

Mar 2009 Mar 2010 Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020
944 1,056 567 413 425 320 -672 -61 -540 380 811 682
-322 -575 -756 -462 -1,138 -98 429 432 497 -1,031 -745 -178
-302 -378 -181 248 799 10 157 -222 50 514 -213 -528
Net Cash Flow 321 103 -370 199 86 232 -87 149 7 -138 -147 -24

Ratios

Consolidated Figures in Rs. Crores / View Standalone

Mar 2009 Mar 2010 Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020
ROCE % 40% 44% 37% 14% 5% 11% 5% 5% -4% -1% 2% -3%
Debtor Days 85 85 93 102 95 96 194 144 124 109 77 37
Inventory Turnover 4.94 5.07 5.40 6.17 5.66 5.59 2.53 3.88 5.36 5.04 4.36 4.29

Shareholding Pattern

Numbers in percentages

Jun 2018 Sep 2018 Dec 2018 Mar 2019 Jun 2019 Sep 2019 Dec 2019 Mar 2020 Jun 2020 Sep 2020 Dec 2020 Mar 2021
34.42 34.42 34.42 12.79 0.00 0.00 0.00 0.00 0.00 0.00 53.18 53.24
13.98 13.99 11.82 10.86 9.31 8.58 7.24 5.76 4.66 6.65 6.01 8.80
30.94 33.99 36.35 32.13 40.92 41.25 40.95 40.24 35.04 19.41 7.04 7.31
20.66 17.60 17.41 44.22 49.77 50.17 51.81 54.00 60.29 73.94 33.77 30.65

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