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 ₹ 1,785 Cr.
- Current Price ₹ 266
- High / Low ₹ 324 / 98.5
- Stock P/E
- Book Value ₹ 4.99
- Dividend Yield 0.00 %
- ROCE -29.4 %
- ROE -95.4 %
- Face Value ₹ 10.0
Pros
- Company's working capital requirements have reduced from 63.6 days to 37.4 days
Cons
- Stock is trading at 53.2 times its book value
- Company has low interest coverage ratio.
- The company has delivered a poor sales growth of 6.06% over past five years.
- Company has a low return on equity of -21.6% over last 3 years.
- Company has high debtors of 397 days.
* 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
Quarterly Results
Consolidated Figures in Rs. Crores / View Standalone
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 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|---|
2,420 | 2,786 | 2,605 | 2,124 | 1,711 | 1,993 | 1,338 | 1,903 | 2,446 | 3,343 | 2,620 | 1,796 | 1,578 | |
2,190 | 2,541 | 2,408 | 1,948 | 1,886 | 1,941 | 1,203 | 1,712 | 2,294 | 3,179 | 2,764 | 2,108 | 1,893 | |
Operating Profit | 230 | 245 | 198 | 177 | -176 | 53 | 135 | 191 | 152 | 164 | -144 | -313 | -315 |
OPM % | 10% | 9% | 8% | 8% | -10% | 3% | 10% | 10% | 6% | 5% | -5% | -17% | -20% |
72 | 95 | 207 | 173 | 184 | 92 | -9 | 40 | 157 | 66 | -5 | 81 | 82 | |
Interest | 1 | 2 | 24 | 10 | 31 | 60 | 32 | 54 | 69 | 81 | 97 | 77 | 70 |
Depreciation | 51 | 55 | 61 | 73 | 72 | 60 | 51 | 31 | 66 | 50 | 44 | 23 | 21 |
Profit before tax | 250 | 282 | 320 | 266 | -94 | 26 | 42 | 146 | 173 | 99 | -291 | -331 | -323 |
Tax % | 33% | 35% | 28% | 34% | 39% | 110% | 37% | 48% | 51% | 29% | 1% | -33% | |
168 | 184 | 231 | 177 | -58 | -2 | 27 | 75 | 85 | 70 | -289 | -441 | -327 | |
EPS in Rs | 25.06 | 27.31 | 34.31 | 26.31 | -8.63 | -0.37 | 3.96 | 11.22 | 12.58 | 10.48 | -42.96 | -65.54 | -48.63 |
Dividend Payout % | 40% | 37% | 41% | 38% | 0% | -820% | 76% | 54% | 16% | 10% | 0% | 0% |
Compounded Sales Growth | |
---|---|
10 Years: | -4% |
5 Years: | 6% |
3 Years: | -10% |
TTM: | -23% |
Compounded Profit Growth | |
---|---|
10 Years: | % |
5 Years: | % |
3 Years: | % |
TTM: | 29% |
Stock Price CAGR | |
---|---|
10 Years: | -5% |
5 Years: | -20% |
3 Years: | -2% |
1 Year: | 162% |
Return on Equity | |
---|---|
10 Years: | -1% |
5 Years: | -7% |
3 Years: | -22% |
Last Year: | -95% |
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 | 67 | 67 | 67 | 67 | 67 | 67 | 67 | 67 | 67 | 67 | 67 | 67 | 67 |
Reserves | 627 | 735 | 863 | 911 | 758 | 760 | 761 | 815 | 849 | 904 | 609 | 165 | -34 |
0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 137 | 453 | 388 | 362 | 447 | |
2,053 | 1,920 | 2,186 | 2,090 | 2,762 | 3,039 | 3,085 | 2,677 | 2,316 | 2,569 | 2,394 | 2,269 | 2,295 | |
Total Liabilities | 2,747 | 2,722 | 3,117 | 3,069 | 3,588 | 3,867 | 3,913 | 3,559 | 3,370 | 3,993 | 3,458 | 2,864 | 2,776 |
373 | 445 | 444 | 396 | 374 | 350 | 271 | 151 | 307 | 283 | 133 | 110 | 105 | |
CWIP | 95 | 37 | 24 | 50 | 39 | 28 | 9 | 12 | 5 | 2 | 2 | 1 | 1 |
Investments | 0 | 0 | 0 | 0 | 3 | 3 | 3 | 3 | 3 | 3 | 10 | 13 | 14 |
2,279 | 2,240 | 2,649 | 2,622 | 3,172 | 3,486 | 3,630 | 3,394 | 3,056 | 3,705 | 3,312 | 2,740 | 2,657 | |
Total Assets | 2,747 | 2,722 | 3,117 | 3,069 | 3,588 | 3,867 | 3,913 | 3,559 | 3,370 | 3,993 | 3,458 | 2,864 | 2,776 |
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 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|
-128 | 32 | 223 | 189 | 62 | 430 | 48 | -241 | -563 | -478 | 49 | 90 | |
-304 | -66 | 25 | 367 | -182 | -91 | -700 | 223 | 917 | 63 | -5 | 6 | |
-78 | -80 | -83 | -111 | -84 | -2 | -28 | -39 | -86 | 254 | -79 | -48 | |
Net Cash Flow | -510 | -115 | 165 | 445 | -205 | 337 | -680 | -57 | 267 | -160 | -35 | 48 |
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 | 155 | 144 | 157 | 166 | 231 | 155 | 259 | 188 | 198 | 242 | 334 | 397 |
Inventory Days | 192 | 67 | 192 | 249 | 192 | 228 | 649 | 70 | 67 | 37 | 20 | 36 |
Days Payable | 166 | 75 | 151 | 156 | 428 | 919 | 1,814 | 284 | 255 | 201 | 263 | 321 |
Cash Conversion Cycle | 182 | 135 | 197 | 259 | -5 | -536 | -907 | -26 | 10 | 78 | 91 | 112 |
Working Capital Days | -7 | 23 | 23 | -38 | -53 | -120 | -187 | -64 | 30 | 80 | 73 | 37 |
ROCE % | 39% | 38% | 26% | 24% | -7% | 17% | 26% | 34% | 22% | 17% | -4% | -29% |
Documents
Announcements
- Closure of Trading Window 1d
- Intimation Of New Website 1d
- Announcement under Regulation 30 (LODR)-Award_of_Order_Receipt_of_Order 20 Mar
- Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Intimation 19 Mar
- Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Intimation 19 Mar
Annual reports
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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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Financial Year 2011
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Concalls
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Feb 2024Transcript PPT
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Nov 2023Transcript PPT
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Aug 2023Transcript PPT
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Jun 2023Transcript PPT
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Feb 2023Transcript PPT
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Nov 2022Transcript PPT
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Aug 2022Transcript PPT
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Jun 2022Transcript PPT
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Apr 2022TranscriptNotesPPT
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Feb 2022Transcript PPT
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Nov 2021Transcript PPT
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Aug 2021Transcript PPT
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Jun 2021Transcript PPT
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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
Business Segments
The company manufactures and provides boilers, mills, air quality control systems, automation & control, and services for steam powered thermal plants. It is also involved in the EPC of key equipment for hydro and gas powered plants. [1]