GE T&D India Ltd
GE T&D is the listed entity of GE’s Grid Solutions business in India. It has been in the power transmission and distribution business for more than 100 years and provides a versatile range of solutions for connecting and evacuating power from generation sources onto the grid. [1]
- Market Cap ₹ 26,477 Cr.
- Current Price ₹ 1,034
- High / Low ₹ 1,041 / 142
- Stock P/E 299
- Book Value ₹ 44.3
- Dividend Yield 0.00 %
- ROCE 7.53 %
- ROE -0.20 %
- Face Value ₹ 2.00
Pros
- Company has reduced debt.
- Company is almost debt free.
Cons
- Stock is trading at 23.3 times its book value
- The company has delivered a poor sales growth of -8.53% over past five years.
- Company has a low return on equity of -3.03% over last 3 years.
- Company has high debtors of 204 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: Capital Goods - Electrical Equipment Industry: Electric Equipment
Quarterly Results
Standalone Figures in Rs. Crores / View Consolidated
Profit & Loss
Standalone Figures in Rs. Crores / View Consolidated
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 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|---|
4,139 | 3,152 | 3,524 | 3,711 | 3,303 | 4,052 | 4,332 | 4,219 | 3,159 | 3,452 | 3,066 | 2,773 | 2,957 | |
3,705 | 2,890 | 3,211 | 3,379 | 3,197 | 3,996 | 4,057 | 3,765 | 3,354 | 3,282 | 3,155 | 2,652 | 2,721 | |
Operating Profit | 434 | 262 | 313 | 332 | 107 | 57 | 275 | 454 | -195 | 171 | -89 | 121 | 236 |
OPM % | 10% | 8% | 9% | 9% | 3% | 1% | 6% | 11% | -6% | 5% | -3% | 4% | 8% |
30 | 34 | 44 | 11 | 142 | 141 | 239 | 49 | 5 | 69 | 136 | 22 | 16 | |
Interest | 125 | 92 | 92 | 91 | 107 | 182 | 106 | 85 | 87 | 84 | 59 | 61 | 38 |
Depreciation | 101 | 81 | 87 | 82 | 86 | 88 | 90 | 83 | 78 | 66 | 58 | 55 | 52 |
Profit before tax | 238 | 123 | 177 | 170 | 56 | -73 | 319 | 335 | -356 | 89 | -69 | 27 | 162 |
Tax % | 32% | 31% | 34% | 29% | 38% | -18% | 35% | 36% | 15% | 32% | 29% | 106% | |
162 | 84 | 117 | 121 | 34 | -87 | 209 | 213 | -303 | 60 | -50 | -1 | 99 | |
EPS in Rs | 6.80 | 3.52 | 4.57 | 4.71 | 1.35 | -3.38 | 8.15 | 8.31 | -11.82 | 2.36 | -1.94 | -0.06 | 3.88 |
Dividend Payout % | 26% | 51% | 39% | 38% | 134% | -53% | 22% | 22% | 0% | 0% | 0% | 0% |
Compounded Sales Growth | |
---|---|
10 Years: | -1% |
5 Years: | -9% |
3 Years: | -4% |
TTM: | 8% |
Compounded Profit Growth | |
---|---|
10 Years: | % |
5 Years: | % |
3 Years: | 26% |
TTM: | 181% |
Stock Price CAGR | |
---|---|
10 Years: | 14% |
5 Years: | 31% |
3 Years: | 110% |
1 Year: | 616% |
Return on Equity | |
---|---|
10 Years: | 2% |
5 Years: | -2% |
3 Years: | -3% |
Last Year: | 0% |
Balance Sheet
Standalone Figures in Rs. Crores / View Consolidated
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 | 48 | 48 | 51 | 51 | 51 | 51 | 51 | 51 | 51 | 51 | 51 | 51 | 51 |
Reserves | 829 | 862 | 1,198 | 1,261 | 1,127 | 982 | 1,138 | 1,377 | 1,000 | 1,071 | 1,029 | 1,022 | 1,084 |
594 | 418 | 493 | 280 | 504 | 518 | 100 | 81 | 599 | 316 | 226 | 273 | 86 | |
2,276 | 2,818 | 2,957 | 2,900 | 3,090 | 3,563 | 3,479 | 2,688 | 2,503 | 2,630 | 2,461 | 2,333 | 2,098 | |
Total Liabilities | 3,746 | 4,145 | 4,700 | 4,492 | 4,772 | 5,114 | 4,769 | 4,196 | 4,154 | 4,069 | 3,767 | 3,679 | 3,319 |
649 | 620 | 639 | 687 | 684 | 656 | 586 | 513 | 538 | 494 | 457 | 421 | 407 | |
CWIP | 18 | 54 | 110 | 70 | 33 | 25 | 18 | 5 | 12 | 22 | 9 | 9 | 10 |
Investments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
3,079 | 3,472 | 3,950 | 3,735 | 4,055 | 4,433 | 4,165 | 3,679 | 3,604 | 3,554 | 3,302 | 3,250 | 2,902 | |
Total Assets | 3,746 | 4,145 | 4,700 | 4,492 | 4,772 | 5,114 | 4,769 | 4,196 | 4,154 | 4,069 | 3,767 | 3,679 | 3,319 |
Cash Flows
Standalone Figures in Rs. Crores / View Consolidated
Mar 2012 | Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|
252 | 412 | -141 | 502 | -91 | 188 | 1,054 | -355 | -260 | 311 | 8 | -37 | |
-137 | -71 | -119 | -137 | -50 | -47 | -306 | 287 | -30 | 12 | 116 | 3 | |
-202 | -296 | 219 | -320 | 120 | -131 | -585 | -114 | 290 | -324 | -102 | 9 | |
Net Cash Flow | -87 | 45 | -42 | 45 | -20 | 11 | 163 | -182 | -0 | -1 | 22 | -26 |
Ratios
Standalone Figures in Rs. Crores / View Consolidated
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 | 159 | 199 | 238 | 211 | 228 | 205 | 152 | 175 | 219 | 201 | 186 | 204 |
Inventory Days | 143 | 121 | 247 | 292 | 511 | 542 | 234 | 136 | 177 | 143 | 96 | 119 |
Days Payable | 400 | 316 | 673 | 766 | 823 | 805 | 389 | 247 | 272 | 275 | 171 | 197 |
Cash Conversion Cycle | -98 | 3 | -188 | -262 | -84 | -58 | -4 | 63 | 125 | 69 | 111 | 127 |
Working Capital Days | 70 | 69 | 93 | 71 | 77 | 45 | -9 | 55 | 78 | 48 | 34 | 51 |
ROCE % | 21% | 14% | 18% | 16% | 10% | 7% | 30% | 31% | -14% | 11% | -9% | 8% |
Documents
Announcements
- Compliances-Certificate under Reg. 74 (5) of SEBI (DP) Regulations, 2018 11h
- Announcement under Regulation 30 (LODR)-Change in Management 16 Apr
- Certificate Under Regulation 40(9) Of The SEBI (LODR) Regulations, 2015 10 Apr
- Compliance Certificate Under Regulation 7(3) Of The SEBI (LODR) Regulations, 2015 10 Apr
- Intimation Of Change In Ultimate Holding Company Of GE T&D India Limited 2 Apr
Annual reports
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Financial Year 2023
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Financial Year 2009
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Financial Year 2008
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Concalls
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Product Portfolio
The company offers products for the power industry, including power transformers, circuit breakers, switchgear, instrument transformers, substation automation equipment, digital software solutions, and more. It covers medium to ultra-high voltage (1200 kV), additionally, it provides turnkey solutions for substation engineering and construction, as well as technologies like FACTS and HVDC. [1]