GE Power India Ltd
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]
- Market Cap ₹ 1,737 Cr.
- Current Price ₹ 258
- High / Low ₹ 647 / 234
- Stock P/E 324
- Book Value ₹ 16.6
- Dividend Yield 0.00 %
- ROCE -20.2 %
- ROE -125 %
- Face Value ₹ 10.0
Pros
- Company has reduced debt.
Cons
- Stock is trading at 15.5 times its book value
- Company has low interest coverage ratio.
- The company has delivered a poor sales growth of -3.11% over past five years.
- Company has a low return on equity of -53.6% over last 3 years.
- Earnings include an other income of Rs.219 Cr.
- Company has high debtors of 382 days.
- Company's cost of borrowing seems high
* 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
Sector: Infrastructure Developers & Operators Industry: Engineering - Turnkey Services
Part of BSE SmallCap BSE Allcap BSE Industrials
Quarterly Results
Standalone Figures in Rs. Crores / View Consolidated
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 | TTM | |
---|---|---|---|---|---|---|---|---|---|---|---|---|---|
2,786 | 2,605 | 2,124 | 1,711 | 1,993 | 1,338 | 1,903 | 2,446 | 3,343 | 2,620 | 1,796 | 1,625 | 1,311 | |
2,541 | 2,407 | 1,946 | 1,886 | 1,938 | 1,203 | 1,711 | 2,294 | 3,179 | 2,764 | 2,108 | 1,827 | 1,384 | |
Operating Profit | 245 | 198 | 178 | -175 | 56 | 135 | 191 | 152 | 164 | -144 | -313 | -202 | -73 |
OPM % | 9% | 8% | 8% | -10% | 3% | 10% | 10% | 6% | 5% | -5% | -17% | -12% | -6% |
95 | 207 | 172 | 184 | 92 | -9 | 40 | 157 | 62 | -8 | 78 | 141 | 219 | |
Interest | 2 | 24 | 10 | 31 | 60 | 32 | 54 | 69 | 81 | 97 | 77 | 96 | 52 |
Depreciation | 55 | 61 | 73 | 72 | 60 | 51 | 31 | 66 | 50 | 44 | 23 | 20 | 17 |
Profit before tax | 282 | 320 | 266 | -94 | 28 | 42 | 146 | 174 | 95 | -293 | -334 | -177 | 77 |
Tax % | 35% | 28% | 34% | -39% | 99% | 37% | 48% | 51% | 30% | -1% | 33% | 0% | |
184 | 231 | 177 | -58 | 0 | 27 | 76 | 85 | 67 | -292 | -444 | -177 | 77 | |
EPS in Rs | 27.33 | 34.31 | 26.34 | -8.60 | 0.04 | 3.95 | 11.31 | 12.65 | 9.94 | -43.39 | -65.98 | -26.34 | 11.38 |
Dividend Payout % | 37% | 41% | 38% | 0% | 6,955% | 76% | 53% | 16% | 10% | 0% | 0% | 0% |
Compounded Sales Growth | |
---|---|
10 Years: | -5% |
5 Years: | -3% |
3 Years: | -21% |
TTM: | -15% |
Compounded Profit Growth | |
---|---|
10 Years: | % |
5 Years: | % |
3 Years: | % |
TTM: | 101% |
Stock Price CAGR | |
---|---|
10 Years: | -10% |
5 Years: | -20% |
3 Years: | 13% |
1 Year: | 1% |
Return on Equity | |
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10 Years: | -5% |
5 Years: | -18% |
3 Years: | -54% |
Last Year: | -125% |
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 | Sep 2024 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Equity Capital | 67 | 67 | 67 | 67 | 67 | 67 | 67 | 67 | 67 | 67 | 67 | 67 | 67 |
Reserves | 735 | 863 | 911 | 759 | 763 | 764 | 818 | 853 | 904 | 606 | 160 | -10 | 45 |
0 | 0 | 0 | 0 | 0 | 0 | 0 | 137 | 453 | 388 | 359 | 163 | 35 | |
1,918 | 2,185 | 2,088 | 2,761 | 3,038 | 3,084 | 2,677 | 2,316 | 2,569 | 2,394 | 2,272 | 2,349 | 2,320 | |
Total Liabilities | 2,720 | 3,115 | 3,067 | 3,586 | 3,868 | 3,915 | 3,562 | 3,373 | 3,993 | 3,455 | 2,858 | 2,569 | 2,467 |
445 | 444 | 396 | 374 | 350 | 271 | 151 | 307 | 283 | 133 | 110 | 98 | 69 | |
CWIP | 37 | 24 | 50 | 39 | 28 | 9 | 12 | 5 | 2 | 2 | 1 | 4 | 1 |
Investments | 0 | 0 | 0 | 3 | 3 | 3 | 3 | 3 | 3 | 7 | 7 | 7 | 7 |
2,238 | 2,647 | 2,621 | 3,170 | 3,487 | 3,632 | 3,397 | 3,059 | 3,705 | 3,312 | 2,740 | 2,461 | 2,389 | |
Total Assets | 2,720 | 3,115 | 3,067 | 3,586 | 3,868 | 3,915 | 3,562 | 3,373 | 3,993 | 3,455 | 2,858 | 2,569 | 2,467 |
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 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|
33 | 223 | 189 | 62 | 433 | 49 | -241 | -563 | -477 | 49 | 90 | 173 | |
-67 | 25 | 367 | -182 | -95 | -699 | 223 | 917 | 63 | -5 | 6 | -7 | |
-80 | -83 | -111 | -84 | -2 | -28 | -39 | -86 | 255 | -79 | -48 | -240 | |
Net Cash Flow | -114 | 165 | 445 | -204 | 336 | -678 | -57 | 267 | -160 | -35 | 48 | -74 |
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 | 144 | 157 | 166 | 231 | 155 | 259 | 188 | 198 | 242 | 334 | 397 | 382 |
Inventory Days | 67 | 192 | 249 | 192 | 228 | 649 | 70 | 67 | 37 | 20 | 36 | 42 |
Days Payable | 75 | 151 | 155 | 427 | 919 | 1,814 | 284 | 255 | 201 | 263 | 321 | 347 |
Cash Conversion Cycle | 135 | 197 | 259 | -4 | -536 | -907 | -26 | 10 | 78 | 91 | 112 | 77 |
Working Capital Days | 24 | 24 | -37 | -53 | -119 | -186 | -63 | 31 | 80 | 73 | 37 | -24 |
ROCE % | 38% | 26% | 24% | -7% | 17% | 26% | 34% | 22% | 17% | -4% | -30% | -20% |
Documents
Announcements
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Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Intimation
5 Feb - Earnings conference call on 13 February 2025.
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Board Meeting Intimation for Intimation Of Board Meeting
5 Feb - Board meeting scheduled to approve Q4 financial results.
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Announcement under Regulation 30 (LODR)-Award_of_Order_Receipt_of_Order
5 Feb - GE Power India bags INR 137.5 million contract from NTPC.
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Imposition Of Penalty
5 Feb - Penalty of INR 146,59,422 imposed for GST irregularities.
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Compliances-Certificate under Reg. 74 (5) of SEBI (DP) Regulations, 2018
10 Jan - Confirmation of securities dematerialised for Q4 2024.
Annual reports
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Financial Year 2024
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Financial Year 2023
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Financial Year 2022
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Financial Year 2021
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Financial Year 2020
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Financial Year 2019
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Financial Year 2018
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Financial Year 2017
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Financial Year 2016
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Financial Year 2015
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Financial Year 2014
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Financial Year 2013
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Financial Year 2012
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Financial Year 2012
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Financial Year 2011
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Concalls
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Dec 2024Transcript PPT
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Nov 2024TranscriptNotesPPT
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May 2024TranscriptNotesPPT REC
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Feb 2021Transcript PPT
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Dec 2020Transcript PPT
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Oct 2020TranscriptPPT
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Jul 2019TranscriptPPT
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Jul 2018TranscriptPPT
Service Offerings
The company is one of the leading players in the Indian Power generation equipment market with a presence across: [1]
1) Core Services: The company manufactures electrical and industrial equipment, like boilers, turbines, generators, and air quality systems, serving major clients like BHEL, NTPC, Siemens, and various state and central utilities.
2) Service Upgrades: It offers servicing and upgrades of boilers, turbines, and air quality systems to NTPC and various state & central utilities.
3) FGD: It supplies flue-gas desulphurization equipment to various state & central utilities and IPPs.
4) Durgapur Parts: The company supplies boiler pressure parts, piping mills & auxiliaries, to various countries across APAC, MENAT, and SSA. It also supplies non-coal pressure vessels and cryogenic vessels in India to L&T, various EPCs, Linde, etc. [2]