GE Power India Ltd

About [ edit ]

GE Power India is engaged in the Construction and maintenance of power plants and Manufacture of steam generators.

  • Market Cap 2,033 Cr.
  • Current Price 302
  • High / Low 711 / 177
  • Stock P/E 22.6
  • Book Value 137
  • Dividend Yield 0.66 %
  • ROCE 21.8 %
  • ROE 7.61 %
  • Face Value 10.0

Pros

  • Company is expected to give good quarter
  • Company has been maintaining a healthy dividend payout of 48.40%

Cons

  • The company has delivered a poor sales growth of 2.86% over past five years.
  • Company has a low return on equity of 5.96% for last 3 years.
  • Earnings include an other income of Rs.108.39 Cr.
  • Company has high debtors of 197.97 days.
  • Company's cost of borrowing seems high
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Quarterly Results

Consolidated Figures in Rs. Crores / View Standalone

Jun 2018 Sep 2018 Dec 2018 Mar 2019 Jun 2019 Sep 2019 Dec 2019 Mar 2020 Jun 2020 Sep 2020 Dec 2020
443 563 552 345 429 519 765 733 432 888 1,093
433 490 473 327 454 458 688 715 446 845 1,028
Operating Profit 10 73 78 17 -25 61 78 18 -14 42 65
OPM % 2% 13% 14% 5% -6% 12% 10% 2% -3% 5% 6%
Other Income 17 -56 25 54 38 3 76 41 14 30 23
Interest 10 10 12 10 12 12 8 18 9 11 29
Depreciation 9 8 8 7 14 14 24 15 15 11 11
Profit before tax 8 0 83 55 -12 38 122 25 -23 50 47
Tax % 71% -1,577% 51% 51% 29% 159% 18% 41% 20% 26% 25%
Net Profit 2 5 41 27 -9 -22 101 15 -18 37 35
EPS in Rs 0.35 0.77 6.09 3.99 -1.30 -3.32 15.00 2.21 -2.68 5.56 5.22
Notes Notes Notes Notes Notes Notes Notes Notes Notes Notes Notes

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
2,290 2,041 1,575 2,420 2,786 2,605 2,124 1,711 1,993 1,338 1,903 2,446 3,145
2,095 1,791 1,327 2,190 2,541 2,408 1,948 1,886 1,941 1,203 1,712 2,295 3,034
Operating Profit 196 250 248 230 245 197 176 -176 53 135 191 151 111
OPM % 9% 12% 16% 10% 9% 8% 8% -10% 3% 10% 10% 6% 4%
Other Income 49 41 48 72 95 208 173 184 92 -9 40 158 108
Interest 0 1 1 1 2 24 10 31 60 32 54 69 67
Depreciation 33 42 41 51 55 61 73 72 60 51 31 66 52
Profit before tax 212 248 254 250 282 320 266 -94 26 42 146 173 100
Tax % 35% 33% 34% 33% 35% 28% 34% 39% 110% 37% 48% 51%
Net Profit 138 167 169 168 184 231 177 -58 -2 27 75 85 69
EPS in Rs 20.61 24.99 25.25 25.06 27.31 34.31 26.31 -8.63 -0.37 3.96 11.22 12.58 10.31
Dividend Payout % 49% 40% 40% 40% 37% 41% 38% 0% -820% 76% 54% 16%
Compounded Sales Growth
10 Years:2%
5 Years:3%
3 Years:7%
TTM:53%
Compounded Profit Growth
10 Years:-9%
5 Years:-14%
3 Years:101%
TTM:143%
Stock Price CAGR
10 Years:-5%
5 Years:-12%
3 Years:-28%
1 Year:-57%
Return on Equity
10 Years:11%
5 Years:2%
3 Years:6%
Last Year:8%

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
67 67 67 67 67 67 67 67 67 67 67 67 67
Reserves 340 429 520 627 735 863 911 758 760 761 815 849 854
Borrowings 1 0 0 0 0 0 0 0 0 0 0 137 347
2,331 2,327 2,277 2,053 1,920 2,186 2,090 2,762 3,039 3,085 2,677 2,316 2,439
Total Liabilities 2,740 2,823 2,864 2,747 2,722 3,117 3,069 3,588 3,867 3,913 3,559 3,370 3,707
259 342 353 373 445 444 396 374 350 271 151 307 282
CWIP 119 54 45 95 37 24 50 39 28 9 12 5 4
Investments 0 0 0 0 0 0 0 3 3 3 3 3 3
2,361 2,428 2,466 2,279 2,240 2,649 2,622 3,172 3,486 3,630 3,394 3,056 3,418
Total Assets 2,740 2,823 2,864 2,747 2,722 3,117 3,069 3,588 3,867 3,913 3,559 3,370 3,707

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
186 356 274 -128 32 223 189 62 430 48 -241 -563
-152 -44 -61 -304 -66 25 367 -182 -91 -700 223 917
-63 -80 -81 -78 -80 -83 -111 -84 -2 -28 -39 -86
Net Cash Flow -29 233 132 -510 -115 165 445 -205 337 -680 -57 267

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 % 55% 55% 47% 39% 38% 26% 24% -7% 17% 26% 34% 22%
Debtor Days 100 110 158 155 144 157 166 231 155 259 188 198
Inventory Turnover 25.76 9.75 1.16 1.27 5.39 2.14 1.64 1.86 1.64 0.68 2.96 6.18

Shareholding Pattern

Numbers in percentages

Mar 2018 Jun 2018 Sep 2018 Dec 2018 Mar 2019 Jun 2019 Sep 2019 Dec 2019 Mar 2020 Jun 2020 Sep 2020 Dec 2020
68.58 68.58 68.58 68.58 68.58 68.58 68.58 68.58 68.58 68.58 68.58 68.58
2.58 2.50 2.20 2.17 2.17 2.25 2.17 2.15 2.15 3.37 3.49 1.61
14.18 14.28 15.33 15.46 15.40 15.31 15.46 15.61 16.21 16.35 16.53 15.05
0.39 0.39 0.39 0.39 0.39 0.39 0.39 0.39 0.39 0.39 0.39 0.39
14.28 14.25 13.51 13.41 13.46 13.47 13.41 13.27 12.68 11.32 11.02 14.38

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