Power & Instrumentation (Gujarat) Ltd
Incorporated in 1975, Power & Instrumentation (Gujarat) Ltd is in the business of Electrical Contract Work and deals in electrical
equipment[1]
- Market Cap ₹ 196 Cr.
- Current Price ₹ 101
- High / Low ₹ 196 / 97.0
- Stock P/E 14.5
- Book Value ₹ 65.5
- Dividend Yield 0.20 %
- ROCE 19.8 %
- ROE 14.5 %
- Face Value ₹ 10.0
Pros
- Company is expected to give good quarter
- Company has delivered good profit growth of 25.7% CAGR over last 5 years
- Promoter holding has increased by 3.59% over last quarter.
Cons
- Company has a low return on equity of 12.5% over last 3 years.
- Promoter holding has decreased over last 3 years: -10.0%
* 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 Other Electrical Equipment
Quarterly Results
Standalone Figures in Rs. Crores / View Consolidated
Profit & Loss
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | TTM | |
|---|---|---|---|---|---|---|---|---|---|---|
| 60 | 72 | 88 | 89 | 85 | 91 | 93 | 97 | 169 | 209 | |
| 55 | 66 | 80 | 81 | 78 | 84 | 86 | 87 | 152 | 188 | |
| Operating Profit | 5 | 6 | 7 | 8 | 7 | 7 | 8 | 11 | 17 | 20 |
| OPM % | 9% | 8% | 8% | 10% | 9% | 7% | 8% | 11% | 10% | 10% |
| 1 | 1 | 0 | 0 | 1 | 0 | 1 | 1 | 2 | 1 | |
| Interest | 3 | 3 | 3 | 4 | 3 | 3 | 3 | 4 | 3 | 4 |
| Depreciation | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Profit before tax | 2 | 3 | 4 | 4 | 5 | 4 | 5 | 8 | 16 | 18 |
| Tax % | 33% | 33% | 26% | 28% | 26% | 31% | 27% | 24% | 26% | |
| 2 | 2 | 3 | 3 | 3 | 3 | 4 | 6 | 12 | 13 | |
| EPS in Rs | 15.91 | 3.82 | 4.36 | 4.26 | 4.91 | 3.36 | 2.86 | 4.66 | 6.72 | 7.62 |
| Dividend Payout % | 0% | 13% | 0% | 0% | 0% | 0% | 7% | 4% | 3% |
| Compounded Sales Growth | |
|---|---|
| 10 Years: | % |
| 5 Years: | 14% |
| 3 Years: | 23% |
| TTM: | 39% |
| Compounded Profit Growth | |
|---|---|
| 10 Years: | % |
| 5 Years: | 26% |
| 3 Years: | 60% |
| TTM: | 20% |
| Stock Price CAGR | |
|---|---|
| 10 Years: | % |
| 5 Years: | 25% |
| 3 Years: | 18% |
| 1 Year: | -38% |
| Return on Equity | |
|---|---|
| 10 Years: | % |
| 5 Years: | 12% |
| 3 Years: | 13% |
| Last Year: | 15% |
Balance Sheet
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Sep 2025 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Equity Capital | 0.98 | 5 | 7 | 7 | 7 | 9 | 13 | 13 | 17 | 18 |
| Reserves | 11 | 9 | 17 | 19 | 23 | 28 | 33 | 39 | 93 | 100 |
| 18 | 17 | 15 | 11 | 22 | 29 | 32 | 15 | 18 | 22 | |
| 21 | 18 | 34 | 20 | 12 | 32 | 30 | 42 | 45 | 47 | |
| Total Liabilities | 51 | 50 | 73 | 57 | 64 | 97 | 107 | 107 | 173 | 187 |
| 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | |
| CWIP | 0 | 0 | 0 | 0 | 0 | 0 | 1 | 1 | 1 | 1 |
| Investments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 13 |
| 49 | 48 | 72 | 56 | 63 | 95 | 105 | 106 | 172 | 172 | |
| Total Assets | 51 | 50 | 73 | 57 | 64 | 97 | 107 | 107 | 173 | 187 |
Cash Flows
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|---|---|---|---|---|
| -1 | -2 | 0 | 3 | -1 | -3 | 1 | 8 | -40 | |
| -1 | 0 | -0 | 0 | 0 | 1 | -4 | -0 | -12 | |
| 3 | 1 | 3 | -4 | 1 | 2 | 4 | -8 | 52 | |
| Net Cash Flow | 1 | -1 | 3 | -1 | 1 | -0 | 0 | 0 | -0 |
Ratios
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|---|---|---|---|---|
| Debtor Days | 103 | 113 | 133 | 98 | 158 | 221 | 151 | 115 | 131 |
| Inventory Days | 139 | 90 | 101 | 40 | 15 | 80 | 161 | 190 | 124 |
| Days Payable | 118 | 94 | 139 | 84 | 46 | 132 | 107 | 153 | 79 |
| Cash Conversion Cycle | 124 | 108 | 95 | 54 | 127 | 168 | 204 | 152 | 176 |
| Working Capital Days | 42 | 54 | 57 | 57 | 76 | 103 | 114 | 129 | 176 |
| ROCE % | 20% | 21% | 24% | 18% | 12% | 12% | 17% | 20% |
Insights
In beta| Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Dec 2025 | |
|---|---|---|---|---|---|
| Permanent Employee Count Number |
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| Airport Projects Completed (Cumulative) Number |
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| Number of Offices (Pan India) Number |
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| Order Book / Ongoing Works Value ₹ Cr |
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| Successfully Delivered Projects (Cumulative) Number |
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| Bidded Tenders (Pipeline) ₹ Cr |
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| BPL Household Electrification (Cumulative) Number |
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| HT & LT Lines Laid (Cumulative) Km |
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Documents
Announcements
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Announcement under Regulation 30 (LODR)-Allotment
3 Mar - Allotted 173,530 shares on March 3, 2026 at Rs.83.75 via preferential warrant conversion.
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Board Meeting Outcome for Outcome Of Board Meeting
3 Mar - Allotment of 173,530 equity shares at Rs10+73.75 premium on March 3, 2026; paid-up capital increased.
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Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Outcome
21 Feb - Q3 & 9-month FY26 earnings conference call transcript available; Q3 revenue INR48.89cr, net profit INR3.57cr.
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Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Outcome
17 Feb - Audio recording of investor call on Q3 and nine-month results ended Dec 31, 2025 available online.
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Announcement under Regulation 30 (LODR)-Investor Presentation
16 Feb - Investor Presentation for the quarter and Nine months ended on December 31, 2025
Annual reports
Concalls
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Feb 2026Transcript PPT
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Nov 2025TranscriptAI SummaryPPT
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Aug 2025Transcript PPT
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Jun 2025Transcript PPT REC
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Feb 2025Transcript PPT REC
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Nov 2024Transcript PPT REC
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Sep 2024TranscriptAI SummaryPPT
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Aug 2024Transcript PPT REC
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Jun 2024TranscriptAI SummaryPPT
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Mar 2024TranscriptAI SummaryPPT
Business Overview:[1]
Company provides EPC solutions for Electrical requirements. It is a domain specialist in electrical installations, maintenance, repairs and
offer services in electrical contracting, Indoor substation, field services, generator sales and service, etc. It also provides design, installation, maintenance, and repairs for energy-efficient power and distribution transformer, generators, load banks, compressors, etc.