CG Power & Industrial Solutions Ltd

CG Power & Industrial Solutions Ltd

₹ 468 -0.95%
04 Mar 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 Murugappa Group Company. 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 71,501 Cr.
  • Current Price 468
  • High / Low 503 / 277
  • Stock P/E 83.2
  • Book Value 14.6
  • Dividend Yield 0.32 %
  • ROCE 61.6 %
  • ROE 66.0 %
  • Face Value 2.00

Pros

  • Company has reduced debt.
  • Company is almost debt free.
  • Company has delivered good profit growth of 28.4% CAGR over last 5 years

Cons

  • Stock is trading at 32.1 times its book value
  • The company has delivered a poor sales growth of -2.79% over past five years.
  • Earnings include an other income of Rs.851 Cr.

* 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.

Loading peers table ...

Quarterly Results

Consolidated Figures in Rs. Crores / View Standalone

Dec 2020 Mar 2021 Jun 2021 Sep 2021 Dec 2021 Mar 2022 Jun 2022 Sep 2022 Dec 2022 Mar 2023 Jun 2023 Sep 2023 Dec 2023
820 1,118 1,050 1,454 1,551 1,485 1,643 1,696 1,752 1,903 1,874 2,002 1,979
723 1,057 945 1,283 1,343 1,319 1,456 1,437 1,475 1,627 1,609 1,693 1,718
Operating Profit 97 61 105 171 208 166 186 260 277 275 265 309 261
OPM % 12% 5% 10% 12% 13% 11% 11% 15% 16% 14% 14% 15% 13%
1,242 255 11 107 423 12 16 11 60 199 29 43 579
Interest 14 26 17 17 17 17 5 5 4 2 1 0 1
Depreciation 34 33 28 25 25 23 24 25 23 25 24 23 24
Profit before tax 1,291 258 71 236 589 139 173 241 310 447 270 329 816
Tax % 67% -285% 23% 15% 8% 20% 25% 26% 26% 5% 24% 26% 8%
425 993 55 202 545 112 130 179 228 426 204 242 748
EPS in Rs 3.22 7.42 0.40 1.49 4.03 0.77 0.85 1.17 1.49 2.79 1.33 1.59 4.89
Raw PDF

Profit & Loss

Consolidated Figures in Rs. Crores / View Standalone

Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 TTM
11,249 12,094 13,632 5,800 5,269 5,517 8,031 7,998 5,110 2,964 5,484 6,973 7,757
10,445 11,711 13,019 5,511 5,181 5,645 7,893 7,699 5,079 2,848 4,837 5,967 6,647
Operating Profit 804 383 612 289 88 -128 138 299 31 116 647 1,005 1,110
OPM % 7% 3% 4% 5% 2% -2% 2% 4% 1% 4% 12% 14% 14%
63 -21 281 72 -230 -5 -73 -116 -861 1,655 569 286 851
Interest 57 95 137 105 80 186 426 432 365 206 82 28 4
Depreciation 260 203 262 245 172 143 252 225 211 138 99 94 96
Profit before tax 550 64 495 12 -394 -463 -613 -475 -1,407 1,427 1,035 1,169 1,861
Tax % 33% 158% 48% -88% -17% -6% -17% -7% 5% 10% 12% 18%
373 -37 244 22 -461 -491 -715 -507 -1,331 1,280 913 963 1,620
EPS in Rs 5.82 -0.56 3.90 0.37 -7.33 -7.83 -11.47 -8.03 -21.12 9.68 6.33 6.30 10.60
Dividend Payout % 24% -213% 31% 214% 0% 0% 0% 0% 0% 0% 0% 24%
Compounded Sales Growth
10 Years: -5%
5 Years: -3%
3 Years: 11%
TTM: 18%
Compounded Profit Growth
10 Years: 20%
5 Years: 28%
3 Years: 61%
TTM: 38%
Stock Price CAGR
10 Years: 27%
5 Years: 66%
3 Years: 97%
1 Year: 56%
Return on Equity
10 Years: %
5 Years: %
3 Years: %
Last Year: 66%

Balance Sheet

Consolidated Figures in Rs. Crores / View Standalone

Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Sep 2023
Equity Capital 128 128 125 125 125 125 125 125 125 268 288 305 305
Reserves 3,483 3,433 3,519 4,172 4,464 3,977 2,757 2,005 -2,081 -389 696 1,485 1,922
1,044 2,029 2,396 2,092 1,528 1,502 3,041 3,297 2,757 1,484 367 16 17
3,975 4,415 4,788 5,370 4,831 4,557 4,887 4,883 3,816 3,035 2,870 2,821 2,793
Total Liabilities 8,630 10,006 10,828 11,760 10,949 10,161 10,811 10,311 4,617 4,397 4,222 4,628 5,038
2,148 2,835 3,241 4,127 2,588 1,705 2,364 2,050 1,489 1,146 1,081 971 975
CWIP 110 231 218 104 90 61 85 91 28 20 35 38 65
Investments 786 791 299 442 231 209 279 130 2 2 41 1 702
5,586 6,149 7,070 7,088 8,040 8,186 8,083 8,040 3,098 3,229 3,064 3,618 3,296
Total Assets 8,630 10,006 10,828 11,760 10,949 10,161 10,811 10,311 4,617 4,397 4,222 4,628 5,038

Cash Flows

Consolidated Figures in Rs. Crores / View Standalone

Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023
413 425 320 -672 -61 -540 380 811 692 -242 483 947
-462 -1,138 -98 429 432 497 -1,031 -745 -178 -51 227 -21
248 799 10 157 -222 50 514 -213 -528 590 -800 -612
Net Cash Flow 199 86 232 -87 149 7 -138 -147 -14 297 -91 315

Ratios

Consolidated Figures in Rs. Crores / View Standalone

Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023
Debtor Days 102 95 96 194 144 124 109 77 37 72 63 68
Inventory Days 61 75 67 128 59 83 85 84 42 79 48 41
Days Payable 105 112 111 202 132 130 130 162 143 191 107 96
Cash Conversion Cycle 58 58 52 120 71 77 64 -1 -63 -40 3 13
Working Capital Days 41 30 33 125 95 330 3 -38 -209 -128 -59 -17
ROCE % 14% 5% 11% 5% 5% -4% -1% 2% -4% 8% 43% 62%

Shareholding Pattern

Numbers in percentages

Mar 2021Jun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023
53.24% 53.25% 52.70% 52.70% 55.65% 58.12% 58.13% 58.12% 58.12% 58.12% 58.12% 58.12%
8.80% 10.70% 11.89% 13.14% 13.23% 12.87% 12.97% 12.96% 15.39% 15.94% 16.74% 16.05%
7.31% 6.42% 6.37% 5.77% 5.28% 5.68% 7.57% 8.32% 7.17% 7.74% 7.83% 9.15%
30.65% 29.63% 29.04% 28.39% 25.84% 23.33% 21.34% 20.60% 19.32% 18.18% 17.31% 16.69%
No. of Shareholders 1,57,9971,72,7331,53,3761,66,7451,72,3341,70,1431,77,3871,72,1311,73,0591,76,2101,84,0642,00,497

* 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.

Click on the line-items to see the names of individual entities.

Documents

Concalls