GE Vernova 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 ₹ 83,052 Cr.
- Current Price ₹ 3,244
- High / Low ₹ 3,324 / 1,253
- Stock P/E 445
- Book Value ₹ 41.9
- Dividend Yield 0.15 %
- ROCE %
- ROE 18.6 %
- Face Value ₹ 2.00
Pros
Cons
- Stock is trading at 77.3 times its book value
- Company has high debtors of 194 days.
- 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 BSE 500 BSE Capital Goods BSE 200 BSE Dollex 200 Nifty 500
Quarterly Results
Consolidated Figures in Rs. Crores / View Standalone
| Operating Profit |
| OPM % |
| Interest |
| Depreciation |
| Profit before tax |
| Tax % |
| EPS in Rs |
| Raw PDF |
Profit & Loss
Consolidated Figures in Rs. Crores / View Standalone
| Dec 2010 | |
|---|---|
| 4,020 | |
| 3,547 | |
| Operating Profit | 473 |
| OPM % | 12% |
| 17 | |
| Interest | 115 |
| Depreciation | 94 |
| Profit before tax | 282 |
| Tax % | 34% |
| 187 | |
| EPS in Rs | 7.81 |
| Dividend Payout % | 23% |
| Compounded Sales Growth | |
|---|---|
| 10 Years: | % |
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| Compounded Profit Growth | |
|---|---|
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| 5 Years: | % |
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| Stock Price CAGR | |
|---|---|
| 10 Years: | 22% |
| 5 Years: | 93% |
| 3 Years: | 203% |
| 1 Year: | 89% |
| Return on Equity | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | % |
| Last Year: | 19% |
Balance Sheet
Consolidated Figures in Rs. Crores / View Standalone
| Dec 2010 | |
|---|---|
| Equity Capital | 48 |
| Reserves | 955 |
| 896 | |
| 2,570 | |
| Total Liabilities | 4,468 |
| 872 | |
| CWIP | 22 |
| Investments | 0 |
| 3,574 | |
| Total Assets | 4,468 |
Cash Flows
Consolidated Figures in Rs. Crores / View Standalone
| Dec 2010 | |
|---|---|
| 108 | |
| -113 | |
| -7 | |
| Net Cash Flow | -13 |
Ratios
Consolidated Figures in Rs. Crores / View Standalone
| Dec 2010 | |
|---|---|
| Debtor Days | 194 |
| Inventory Days | 64 |
| Days Payable | 120 |
| Cash Conversion Cycle | 138 |
| Working Capital Days | 81 |
| ROCE % |
Documents
Announcements
- Announcement under Regulation 30 (LODR)-Newspaper Publication 2d
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Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Outcome
28 Jan - Audio recording of earnings call for quarter and nine months ended Dec 31, 2025 uploaded Jan 28, 2026 (link provided).
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Announcement under Regulation 30 (LODR)-Press Release / Media Release
28 Jan - Q3 FY26 revenue INR17.0bn, EBITDA INR4,546m, PAT INR2,908m; order bookings INR29.4bn; multiple transformer/GIS orders.
- Announcement under Regulation 30 (LODR)-Investor Presentation 28 Jan
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Announcement under Regulation 30 (LODR)-Change in Management
28 Jan - Approved Q3/9M unaudited results; Rs693m exceptional provision; recommended Rashmi Joshi appointment; reappointed MD Sandeep Zanzaria.
Annual reports
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Financial Year 2025
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Financial Year 2013
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Financial Year 2012
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Financial Year 2010
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Concalls
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Jan 2026TranscriptAI SummaryPPT
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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]