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 ₹ 206 Cr.
- Current Price ₹ 96.9
- High / Low ₹ 185 / 88.0
- Stock P/E 15.2
- Book Value ₹ 69.4
- Dividend Yield 0.21 %
- ROCE 14.2 %
- ROE 10.5 %
- Face Value ₹ 10.0
Pros
- Company has delivered good profit growth of 31.3% CAGR over last 5 years
- Debtor days have improved from 105 to 69.0 days.
Cons
- Company has a low return on equity of 12.1% over last 3 years.
* 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 | Mar 2026 | TTM | |
|---|---|---|---|---|---|---|---|---|---|---|---|
| 60 | 72 | 88 | 89 | 85 | 91 | 93 | 97 | 169 | 200 | 199 | |
| 55 | 66 | 80 | 81 | 78 | 84 | 86 | 87 | 152 | 180 | 179 | |
| Operating Profit | 5 | 6 | 7 | 8 | 7 | 7 | 8 | 11 | 17 | 20 | 20 |
| OPM % | 9% | 8% | 8% | 10% | 9% | 7% | 8% | 11% | 10% | 10% | 10% |
| 1 | 1 | 0 | 0 | 1 | 0 | 1 | 1 | 2 | 1 | 2 | |
| Interest | 3 | 3 | 3 | 4 | 3 | 3 | 3 | 4 | 3 | 4 | 4 |
| Depreciation | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Profit before tax | 2 | 3 | 4 | 4 | 5 | 4 | 5 | 8 | 16 | 17 | 17 |
| Tax % | 33% | 33% | 26% | 28% | 26% | 31% | 27% | 24% | 26% | 22% | |
| 2 | 2 | 3 | 3 | 3 | 3 | 4 | 6 | 12 | 13 | 14 | |
| EPS in Rs | 15.91 | 3.82 | 4.36 | 4.26 | 4.91 | 3.36 | 2.86 | 4.66 | 6.72 | 6.35 | 7.07 |
| Dividend Payout % | 0% | 13% | 0% | 0% | 0% | 0% | 7% | 4% | 3% | 0% |
| Compounded Sales Growth | |
|---|---|
| 10 Years: | % |
| 5 Years: | 19% |
| 3 Years: | 29% |
| TTM: | 8% |
| Compounded Profit Growth | |
|---|---|
| 10 Years: | % |
| 5 Years: | 31% |
| 3 Years: | 55% |
| TTM: | 9% |
| Stock Price CAGR | |
|---|---|
| 10 Years: | % |
| 5 Years: | 8% |
| 3 Years: | 30% |
| 1 Year: | -44% |
| Return on Equity | |
|---|---|
| 10 Years: | 12% |
| 5 Years: | 11% |
| 3 Years: | 12% |
| Last Year: | 10% |
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 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Equity Capital | 0.98 | 5 | 7 | 7 | 7 | 9 | 13 | 13 | 17 | 21 |
| Reserves | 11 | 9 | 17 | 19 | 23 | 28 | 33 | 39 | 93 | 126 |
| 18 | 17 | 15 | 11 | 22 | 29 | 32 | 15 | 18 | 24 | |
| 21 | 18 | 34 | 20 | 12 | 32 | 30 | 42 | 45 | 48 | |
| Total Liabilities | 51 | 50 | 73 | 57 | 64 | 97 | 107 | 107 | 173 | 219 |
| 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 2 | |
| CWIP | 0 | 0 | 0 | 0 | 0 | 0 | 1 | 1 | 1 | 0 |
| Investments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 13 |
| 49 | 48 | 72 | 56 | 63 | 95 | 105 | 106 | 172 | 204 | |
| Total Assets | 51 | 50 | 73 | 57 | 64 | 97 | 107 | 107 | 173 | 219 |
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 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|
| -1 | -2 | 0 | 3 | -1 | -3 | 1 | 8 | -40 | -8 | |
| -1 | 0 | -0 | 0 | 0 | 1 | -4 | -0 | -12 | -13 | |
| 3 | 1 | 3 | -4 | 1 | 2 | 4 | -8 | 52 | 24 | |
| Net Cash Flow | 1 | -1 | 3 | -1 | 1 | -0 | 0 | 0 | -0 | 3 |
| Free Cash Flow | -2 | -2 | -1 | 3 | -1 | -3 | 1 | 8 | -40 | -8 |
| CFO/OP | -6% | -15% | 14% | 47% | 7% | -38% | 12% | 86% | -228% | -16% |
Ratios
Standalone / View Consolidated
| Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Debtor Days | 103 | 113 | 133 | 98 | 158 | 221 | 151 | 115 | 131 | 69 |
| Inventory Days | 139 | 90 | 101 | 40 | 15 | 80 | 161 | 190 | 124 | 141 |
| Days Payable | 118 | 94 | 139 | 84 | 46 | 132 | 107 | 153 | 79 | 69 |
| Cash Conversion Cycle | 124 | 108 | 95 | 54 | 127 | 168 | 204 | 152 | 176 | 141 |
| Working Capital Days | 42 | 54 | 57 | 57 | 76 | 103 | 114 | 129 | 176 | 141 |
| ROCE % | 20% | 21% | 24% | 18% | 12% | 12% | 17% | 20% | 14% |
Insights
In beta| Jan 2018 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|---|---|---|
| Number of Permanent Employees count |
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| Number of Clients (Cumulative) count |
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| PECL Manufacturing Subsidiary Revenue INR Cr |
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| Number of Offices (Pan-India) count |
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| Order Book Value (Unexecuted) INR Cr |
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| Successfully Delivered Projects (Cumulative) count |
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Extracted by Screener AI
Documents
Announcements
-
Scrutinizer Report And E-Voting Result Of Annual General Meeting Of The Company
- 42nd AGM voting results disclosed; 7 resolutions passed on September 25, 2026, including ESOP Scheme 2026.
- Shareholder Meeting / Postal Ballot-Outcome of AGM
- Closure of Trading Window
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Announcement under Regulation 30 (LODR)-Award_of_Order_Receipt_of_Order
- Received ₹6.06 crore order from Mahesh Solar Solution for KUSUM-C solar project in Maharashtra.
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Announcement Under Regulation 30 Of SEBI (LODR), 2015
- AAI approved PIGL as specialized agency for power supply works at Hisar Airport Project.
Annual reports
-
Annual Report 2026
from bse
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Annual Report 2025
from bse
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Annual Report 2024
from bse
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Annual Report 2023
from bse
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Annual Report 2022
from nse
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Annual Report 2021
from nse
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Annual Report 2020
from nse
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Annual Report 2019
from nse
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Annual Report 2018
from nse
Concalls
-
Feb 2026Transcript PPT
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Nov 2025PPT
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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 2024PPT
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Aug 2024Transcript PPT REC
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Jun 2024PPT
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Mar 2024PPT
Business Overview:[1]
Company provides EPC solutions
for Electrical requirements. It is a
domain specialist in the electrical
installations, maintenance, repairs,
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, and generators, load banks, compressors, etc. The co. is also into airports, 400 /765 kV work, solar EPC and manufacturing.