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 ₹ 226 Cr.
- Current Price ₹ 106
- High / Low ₹ 196 / 90.6
- Stock P/E 16.7
- Book Value ₹ 65.5
- Dividend Yield 0.19 %
- 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 4.41% 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: -9.19%
* 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: | 21% |
| 3 Years: | 21% |
| 1 Year: | -35% |
| 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 |
| Free Cash Flow | -2 | -2 | -1 | 3 | -1 | -3 | 1 | 8 | -40 |
| CFO/OP | -6% | -15% | 14% | 47% | 7% | -38% | 12% | 86% | -228% |
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
- Closure of Trading Window 25 Mar
-
Announcement under Regulation 30 (LODR)-Award_of_Order_Receipt_of_Order
25 Mar - Additional Rs.11.72 crore work order from Ajmer Vidyut Vitran Nigam for electrification across nine circles; 12-month execution.
- Disclosures under Reg. 29(2) of SEBI (SAST) Regulations, 2011 23 Mar
- Disclosures under Reg. 29(2) of SEBI (SAST) Regulations, 2011 20 Mar
-
Announcement under Regulation 30 (LODR)-Allotment
19 Mar - Allotted 300,000 shares on March 19, 2026 at Rs.83.75; paid-up capital increased to Rs.21,16,89,000.
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.