GE Vernova T&D India Ltd

GE Vernova T&D Summary Chart Analysis Peers Quarters Profit & Loss Balance Sheet Cash Flow Ratios Investors Documents

GE Vernova T&D India Ltd

₹ 2,300 -0.12%
10 Jun - close price
ge.com/in/ge-td-india-limited BSE: 522275 NSE: GVT&D
About

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]

Key Points

Parentage
The company is a part of the GE Vernova group, a global energy company that includes the Power, Wind, and Electrification segments. GE Vernova is headquartered in Cambridge, Massachusetts, U.S., with over 75,000 employees across more than 100 countries. [1]

Website BSE NSE
  • Market Cap ₹ 59,157 Cr.
  • Current Price ₹ 2,300
  • High / Low ₹ 2,489 / 1,253
  • Stock P/E 97.2
  • Book Value ₹ 69.2
  • Dividend Yield 0.09 %
  • ROCE 53.9 %
  • ROE 40.3 %
  • Face Value ₹ 2.00
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Pros

  • Company is almost debt free.
  • Company is expected to give good quarter
  • Company has delivered good profit growth of 34.8% CAGR over last 5 years
  • Debtor days have improved from 165 to 125 days.

Cons

  • Stock is trading at 33.2 times its book value
  • The company has delivered a poor sales growth of 6.33% over past five years.
  • Promoter holding has decreased over last 3 years: -24.0%

* 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

Industrials Capital Goods Electrical Equipment Heavy Electrical Equipment

Part of Nifty 500 Nifty Energy Nifty Alpha 50 Nifty LargeMidcap 250 Nifty Midcap 150

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Quarterly Results

Standalone Figures in Rs. Crores / View Consolidated

Mar 2022 Jun 2022 Sep 2022 Dec 2022 Mar 2023 Jun 2023 Sep 2023 Dec 2023 Mar 2024 Jun 2024 Sep 2024 Dec 2024 Mar 2025
662 593 701 777 703 718 698 839 914 958 1,108 1,074 1,153
821 571 695 731 675 667 637 742 803 776 903 894 900
Operating Profit -159 22 5 46 28 51 61 97 111 182 205 180 252
OPM % -24% 4% 1% 6% 4% 7% 9% 12% 12% 19% 18% 17% 22%
134 9 22 -8 -1 12 9 -4 6 12 4 26 21
Interest -1 8 10 12 13 11 7 7 3 2 3 4 6
Depreciation 10 13 14 14 15 13 13 12 12 12 12 12 11
Profit before tax -35 10 4 12 -0 39 50 73 101 180 194 190 256
Tax % -36% 38% 35% 62% 12,692% 27% 26% 32% 34% 25% 25% 25% 27%
-23 6 3 5 -15 28 37 49 66 135 145 143 186
EPS in Rs -0.88 0.25 0.11 0.19 -0.60 1.10 1.45 1.93 2.59 5.25 5.65 5.57 7.28
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Profit & Loss

Standalone Figures in Rs. Crores / View Consolidated

Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025
3,524 3,711 3,303 4,052 4,332 4,219 3,159 3,452 3,066 2,773 3,168 4,292
3,211 3,379 3,197 3,996 4,057 3,765 3,354 3,282 3,155 2,652 2,836 3,474
Operating Profit 313 332 107 57 275 454 -195 171 -89 121 332 819
OPM % 9% 9% 3% 1% 6% 11% -6% 5% -3% 4% 10% 19%
44 11 142 141 239 49 5 69 136 22 22 63
Interest 92 91 107 182 106 85 87 84 59 61 41 14
Depreciation 87 82 86 88 90 83 78 66 58 55 50 47
Profit before tax 177 170 56 -73 319 335 -356 89 -69 27 263 820
Tax % 34% 29% 38% 18% 35% 36% -15% 32% -29% 106% 31% 26%
117 121 34 -87 209 213 -303 60 -50 -1 181 608
EPS in Rs 4.57 4.71 1.35 -3.38 8.15 8.31 -11.82 2.36 -1.94 -0.06 7.07 23.76
Dividend Payout % 39% 38% 134% -53% 22% 22% 0% 0% 0% 0% 28% 21%
Compounded Sales Growth
10 Years: 1%
5 Years: 6%
3 Years: 12%
TTM: 35%
Compounded Profit Growth
10 Years: 18%
5 Years: 35%
3 Years: 81%
TTM: 236%
Stock Price CAGR
10 Years: 16%
5 Years: 99%
3 Years: 180%
1 Year: 66%
Return on Equity
10 Years: 7%
5 Years: 12%
3 Years: 21%
Last Year: 40%

Balance Sheet

Standalone Figures in Rs. Crores / View Consolidated

Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025
Equity Capital 51 51 51 51 51 51 51 51 51 51 51 51
Reserves 1,198 1,261 1,127 982 1,138 1,377 1,000 1,071 1,029 1,022 1,192 1,722
493 280 504 518 100 81 599 316 226 273 42 35
2,957 2,900 3,090 3,563 3,479 2,688 2,503 2,630 2,461 2,333 2,300 2,853
Total Liabilities 4,700 4,492 4,772 5,114 4,769 4,196 4,154 4,069 3,767 3,679 3,584 4,661
639 687 684 656 586 513 538 494 457 421 401 379
CWIP 110 70 33 25 18 5 12 22 9 9 11 47
Investments 0 0 0 0 0 0 0 0 0 0 0 0
3,950 3,735 4,055 4,433 4,165 3,679 3,604 3,554 3,302 3,250 3,173 4,234
Total Assets 4,700 4,492 4,772 5,114 4,769 4,196 4,154 4,069 3,767 3,679 3,584 4,661

Cash Flows

Standalone Figures in Rs. Crores / View Consolidated

Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025
-141 502 -91 188 1,054 -355 -260 311 8 -37 518 904
-119 -137 -50 -47 -306 287 -30 12 116 3 -172 -496
219 -320 120 -131 -585 -114 290 -324 -102 9 -259 -69
Net Cash Flow -42 45 -20 11 163 -182 -0 -1 22 -26 87 339

Ratios

Standalone Figures in Rs. Crores / View Consolidated

Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025
Debtor Days 238 211 228 205 152 175 219 201 186 204 166 125
Inventory Days 247 292 511 542 234 136 177 143 96 119 103 100
Days Payable 673 766 823 805 389 247 272 275 171 197 156 146
Cash Conversion Cycle -188 -262 -84 -58 -4 63 125 69 111 127 114 79
Working Capital Days 93 71 77 45 -9 55 78 48 34 51 30 36
ROCE % 18% 16% 10% 7% 30% 31% -14% 11% -9% 8% 23% 54%

Shareholding Pattern

Numbers in percentages

Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025
75.00% 75.00% 75.00% 75.00% 75.00% 75.00% 75.00% 75.00% 75.00% 59.38% 51.00% 51.00%
0.25% 0.27% 0.26% 0.26% 0.37% 0.59% 0.69% 1.20% 2.04% 6.82% 12.04% 13.04%
15.72% 15.70% 15.73% 15.72% 16.52% 16.18% 16.11% 15.84% 14.96% 25.61% 28.40% 28.18%
9.03% 9.04% 9.01% 9.02% 8.11% 8.23% 8.20% 7.96% 8.00% 8.19% 8.55% 7.77%
No. of Shareholders 40,82539,06339,12338,86538,22639,71737,44344,12159,13074,41387,00082,054

* 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.

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Documents

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