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 ₹ 270 Cr.
- Current Price ₹ 152
- High / Low ₹ 417 / 107
- Stock P/E 20.3
- Book Value ₹ 66.4
- Dividend Yield 0.13 %
- 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
Cons
- Company has a low return on equity of 12.5% over last 3 years.
- Promoter holding has decreased over last 3 years: -13.6%
* 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 | 200 | |
| 55 | 66 | 80 | 81 | 78 | 84 | 86 | 87 | 152 | 181 | |
| Operating Profit | 5 | 6 | 7 | 8 | 7 | 7 | 8 | 11 | 17 | 19 |
| OPM % | 9% | 8% | 8% | 10% | 9% | 7% | 8% | 11% | 10% | 10% |
| 1 | 1 | 0 | 0 | 1 | 0 | 1 | 1 | 2 | 2 | |
| Interest | 3 | 3 | 3 | 4 | 3 | 3 | 3 | 4 | 3 | 3 |
| 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 | 7.72 |
| Dividend Payout % | 0% | 13% | 0% | 0% | 0% | 0% | 7% | 4% | 3% |
| Compounded Sales Growth | |
|---|---|
| 10 Years: | % |
| 5 Years: | 14% |
| 3 Years: | 23% |
| TTM: | 51% |
| Compounded Profit Growth | |
|---|---|
| 10 Years: | % |
| 5 Years: | 26% |
| 3 Years: | 60% |
| TTM: | 44% |
| Stock Price CAGR | |
|---|---|
| 10 Years: | % |
| 5 Years: | 70% |
| 3 Years: | 39% |
| 1 Year: | -52% |
| 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% |
Documents
Announcements
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Intimation Under Regulation 30 Of SEBI (LODR) Regulations, 2015
2h - PECL (subsidiary) received CPRI approval for 11kV, 3000Amp segregated-phase busduct systems on Nov 27, 2025.
-
Announcement under Regulation 30 (LODR)-Newspaper Publication
17 Nov - Newspaper Advertisement for Unaudited Financial Results of the Company for the Quarter and half year ended on September 30, 2025
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Announcement under Regulation 30 (LODR)-Investor Presentation
15 Nov - Investor Presentation of Power and Instrumentation (Gujarat) Limited
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Announcement under Regulation 30 (LODR)-Press Release / Media Release
14 Nov - Q2/H1 FY26: Income ₹70.91Cr/₹112.46Cr; Net ₹4.71Cr/₹7.33Cr; ₹102.78Cr order; PECL now 51.06%.
-
Outcome Of Board Meeting Dated November 14, 2025 Under Regulation 30 Of SEBI (Listing Obligations& Disclosure Requirements) Regulations, 2015 As Amended ('SEBI Listing Regulations')
14 Nov - Approved Q2/H1 Sep 30, 2025 results; acquired 35.82% of PECL for ₹12.54 crore, now 51.06%.
Annual reports
Concalls
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Nov 2025TranscriptNotesPPT
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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 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 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.