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 ₹ 265 Cr.
- Current Price ₹ 165
- High / Low ₹ 417 / 65.2
- Stock P/E 23.4
- Book Value ₹ 59.9
- Dividend Yield 0.12 %
- ROCE 17.0 %
- ROE 12.2 %
- Face Value ₹ 10.0
Pros
- Company has reduced debt.
- Company is expected to give good quarter
- Debtor days have improved from 162 to 115 days.
- Promoter holding has increased by 4.76% over last quarter.
Cons
- Stock is trading at 2.75 times its book value
- The company has delivered a poor sales growth of 2.13% over past five years.
- Company has a low return on equity of 10.1% over last 3 years.
- Promoter holding has decreased over last 3 years: -12.7%
* 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
Sector: Capital Goods - Electrical Equipment Industry: Electric 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 | TTM | |
|---|---|---|---|---|---|---|---|---|---|
| 60 | 72 | 88 | 89 | 85 | 91 | 93 | 97 | 151 | |
| 55 | 66 | 80 | 81 | 78 | 84 | 86 | 87 | 135 | |
| Operating Profit | 5 | 6 | 7 | 8 | 7 | 7 | 8 | 11 | 16 |
| OPM % | 9% | 8% | 8% | 10% | 9% | 7% | 8% | 11% | 11% |
| 1 | 1 | 0 | 0 | 1 | 0 | 1 | 1 | 3 | |
| Interest | 3 | 3 | 3 | 4 | 3 | 3 | 3 | 4 | 4 |
| Depreciation | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Profit before tax | 2 | 3 | 4 | 4 | 5 | 4 | 5 | 8 | 15 |
| Tax % | 33% | 33% | 26% | 28% | 26% | 31% | 27% | 24% | |
| 2 | 2 | 3 | 3 | 3 | 3 | 4 | 6 | 11 | |
| EPS in Rs | 15.91 | 3.82 | 4.36 | 4.26 | 4.91 | 3.36 | 2.86 | 4.66 | 7.80 |
| Dividend Payout % | 0% | 13% | 0% | 0% | 0% | 0% | 7% | 4% |
| Compounded Sales Growth | |
|---|---|
| 10 Years: | % |
| 5 Years: | 2% |
| 3 Years: | 5% |
| TTM: | 43% |
| Compounded Profit Growth | |
|---|---|
| 10 Years: | % |
| 5 Years: | 14% |
| 3 Years: | 20% |
| TTM: | 155% |
| Stock Price CAGR | |
|---|---|
| 10 Years: | % |
| 5 Years: | 79% |
| 3 Years: | 58% |
| 1 Year: | 122% |
| Return on Equity | |
|---|---|
| 10 Years: | % |
| 5 Years: | 11% |
| 3 Years: | 10% |
| Last Year: | 12% |
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 | Sep 2024 | |
|---|---|---|---|---|---|---|---|---|---|
| Equity Capital | 0.98 | 5 | 7 | 7 | 7 | 9 | 13 | 13 | 16 |
| Reserves | 11 | 9 | 17 | 19 | 23 | 28 | 33 | 39 | 80 |
| 18 | 17 | 15 | 11 | 22 | 29 | 32 | 15 | 17 | |
| 21 | 18 | 34 | 20 | 12 | 32 | 30 | 42 | 39 | |
| Total Liabilities | 51 | 50 | 73 | 57 | 64 | 97 | 107 | 107 | 152 |
| 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | |
| CWIP | 0 | 0 | 0 | 0 | 0 | 0 | 1 | 1 | 1 |
| Investments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| 49 | 48 | 72 | 56 | 63 | 95 | 105 | 106 | 150 | |
| Total Assets | 51 | 50 | 73 | 57 | 64 | 97 | 107 | 107 | 152 |
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 | |
|---|---|---|---|---|---|---|---|---|
| -1 | -2 | 0 | 3 | -1 | -3 | 1 | 8 | |
| -1 | 0 | -0 | 0 | 0 | 1 | -4 | -0 | |
| 3 | 1 | 3 | -4 | 1 | 2 | 4 | -8 | |
| Net Cash Flow | 1 | -1 | 3 | -1 | 1 | -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 | |
|---|---|---|---|---|---|---|---|---|
| Debtor Days | 103 | 113 | 133 | 98 | 158 | 221 | 151 | 115 |
| Inventory Days | 139 | 90 | 101 | 40 | 15 | 80 | 161 | 190 |
| Days Payable | 118 | 94 | 139 | 84 | 46 | 132 | 107 | 153 |
| Cash Conversion Cycle | 124 | 108 | 95 | 54 | 127 | 168 | 204 | 152 |
| Working Capital Days | 134 | 124 | 114 | 100 | 153 | 197 | 221 | 166 |
| ROCE % | 20% | 21% | 24% | 18% | 12% | 12% | 17% |
Documents
Announcements
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Announcement under Regulation 30 (LODR)-Press Release / Media Release
9m - Press Release for 50 years of Powering Progress and Energing India''s Tomorrow
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Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Outcome
25 Apr - Conducted virtual analyst/investor meeting on April 25, 2025; no new price sensitive info shared.
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Format of the Initial Disclosure to be made by an entity identified as a Large Corporate : Annexure A
22 Apr - Company not classified as Large Corporate; long-term borrowings below 100 Cr as of March 31, 2025.
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Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Intimation
16 Apr - Intimation of analyst/investor meeting on April 25, 2025.
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Announcement under Regulation 30 (LODR)-Press Release / Media Release
15 Apr - Received INR 80.24 lakh order; entry into 400kV EHV segment.
Annual reports
Concalls
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Feb 2025Transcript PPT REC
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Nov 2024Transcript PPT REC
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Sep 2024TranscriptNotesPPT
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Aug 2024Transcript PPT REC
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Jun 2024TranscriptNotesPPT
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Mar 2024TranscriptNotesPPT
Business Overview:[1]
Company proviees 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.