CG Power & Industrial Solutions logo

CG Power & Industrial Solutions

CGPOWER NSE

Key Fundamentals

LargecapElectrical EquipmentCapital Goods
Market Cap
1.4L Cr
Volatility
Moderate
P/E Ratio
114.48
EBITDA
₹1,870 Cr
Return on Equity
14.6%
Debt to Equity
0.01
Book Value
₹50.59
EPS
₹5.88
52W High
₹980.9
52W Low
₹525.5

Tapetide Score

Data-driven rating, 0–100. How it works →

Key Insights

Strengths

3
  • Company is almost debt free.
  • Company has a good return on equity (ROE) track record: 3 Years ROE 30.2%
  • Company has been maintaining a healthy dividend payout of 17.1%

Weaknesses

2
  • Stock is trading at 18.0 times its book value
  • Working capital days have increased from 31.3 days to 69.8 days

Growth Rate

Revenue Growth
25.73% higher than 3Y
Net Income Growth
22.99% higher than 3Y
Cash Flow Change
-23.32% higher than 3Y
ROE
-39.42% lower than 3Y
ROCE
-38.76% higher than 3Y
EBITDA Margin (Avg.)
1.3% higher than 3Y

AI Analysis — Bull vs Bear

Anthropic anthropic claude-opus-4.6 2d ago
AI opinion · based on fundamentals
Risk high

CG Power & Industrial Solutions Ltd is a nearly debt-free capital goods company with a market cap of ₹1,41,110 Cr, trading at a PE of 115.4x and 18.0x book value. The company has delivered 21% TTM sales growth and 27% TTM profit growth with a 3-year ROE of 30%, though valuation multiples remain elevated relative to earnings and working capital efficiency has deteriorated.

Bull Case 8
  • Company is almost debt free, providing financial flexibility and low interest burden in a capital-intensive sector
  • Strong 3-year ROE track record of 30.2%, indicating efficient capital deployment and healthy profitability
  • Compounded sales growth of 21% over 3 years and 33% over 5 years reflects sustained revenue momentum
  • Compounded profit growth of 27% on a TTM basis and 70% CAGR over 5 years demonstrates significant earnings expansion
  • Stock has delivered a 5-year CAGR of 59%, reflecting strong market confidence and re-rating post turnaround
  • 10-year compounded profit CAGR of 37% shows long-term earnings compounding ability
  • Consistent dividend payout of 17.1% signals management's willingness to return capital to shareholders despite being in a growth phase
  • Last year ROE of 20% remains well above the cost of equity for most Indian companies, sustaining value creation
Bear Case 8
  • PE ratio of 115.4x is significantly elevated relative to the capital goods sector median, leaving little margin of safety for earnings misses
  • Price-to-book of 18.0x is exceptionally high, implying the market is pricing in substantial future growth that must be delivered
  • Working capital days have increased from 31.3 days to 69.8 days, more than doubling, which signals potential cash conversion cycle stress
  • ROE has declined from a 3-year average of 30% to 20% in the last year, indicating possible margin pressure or capital efficiency erosion
  • 3-year compounded profit CAGR of only 10% versus the 5-year figure of 70% suggests earnings growth has decelerated materially in the recent period
  • Dividend yield of just 0.14% offers negligible income return at current valuations
  • 10-year compounded sales CAGR of 9% indicates that the recent high-growth phase may not be reflective of the company's longer-term organic growth trajectory
  • Market cap of ₹1,41,110 Cr on a TTM profit growth of 27% implies that much of the future growth may already be priced in at current levels

This is AI-generated analysis, not financial advice. Do your own due diligence.

AI News Digest

Anthropic anthropic claude-opus-4.6 2h ago
Headwinds 1
  • Possible cyber incident disclosed Aug 18

    CG Power disclosed a possible cyber incident on Aug 18. Core systems reported safe, but an investigation is underway with no clarity yet on financial or operational impact.

Positives 3
  • New transformer factory in Sehore Sep 4

    CG Power launched its first transformer from a new Sehore, MP factory with 45,000 MVA installed capacity. The plant is expected to generate 2,000+ jobs in the region.

  • Axiro acquires Tosil Systems Aug 17

    Subsidiary Axiro Semiconductor signed a definitive agreement to acquire 100% of Tosil Systems for ₹16.44 crore, strengthening semiconductor design capabilities.

  • New VP for consumer products Sep 1

    Samit Khanna appointed VP - Consumer Products effective Sep 1, bringing 18+ years of leadership experience from Disney+ Hotstar and Yum! Brands.

Neutral 1
  • PwC appointed as statutory auditor Aug 19

    Price Waterhouse Chartered Accountants LLP appointed as statutory auditors via board resolution (Aug 19) and postal ballot (Aug 26), filling a casual vacancy left by SRBC & CO LLP.

TL;DR: CG Power is expanding on multiple fronts — a new 45,000 MVA transformer factory in Sehore and a semiconductor acquisition via Axiro signal growth in both core capital goods and emerging tech segments. The main near-term risk is an undisclosed cyber incident under investigation, though core systems are reportedly unaffected. Leadership additions in consumer products suggest diversification ambitions. Overall trend is constructive, but the cyber incident warrants monitoring until fully resolved.

Quarterly Results

Particulars Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 2026
Sales
1,874
2,002
1,979
2,192
2,228
2,413
2,516
2,753
2,878
2,923
3,175
3,442
3,281
Expenses
1,609
1,693
1,718
1,908
1,900
2,118
2,185
2,406
2,497
2,546
2,778
2,975
2,884
Operating Profit
265
309
261
284
327
295
331
347
381
377
397
466
397
OPM %
14%
15%
13%
13%
15%
12%
13%
13%
13%
13%
13%
14%
12%
Other Income
29
43
579
42
33
29
34
71
28
66
41
79
84
Interest
1
0
1
1
1
2
1
3
2
3
4
4
4
Depreciation
24
23
24
24
24
28
28
32
44
52
51
49
54
PBT
270
329
816
301
336
294
335
384
364
388
384
492
423
Tax %
24%
26%
8%
22%
28%
25%
29%
29%
27%
27%
26%
26%
27%
Net Profit
204
242
748
234
241
220
238
274
267
284
284
363
308
EPS in Rs
1.33
1.59
4.89
1.53
1.58
1.45
1.57
1.78
1.76
1.82
1.81
2.32
1.99
Figures in ₹ Crores

Profit & Loss

Particulars Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026TTM
Sales
5,800
5,269
5,517
8,031
7,998
5,110
2,964
5,484
6,973
8,046
9,909
12,418
12,821
Expenses
5,511
5,181
5,645
7,893
7,699
5,079
2,848
4,837
5,967
6,904
8,589
10,777
11,183
Operating Profit
289
88
-128
138
299
31
116
647
1,005
1,142
1,319
1,641
1,638
OPM %
5%
1.7%
-2.3%
1.7%
3.7%
0.6%
3.9%
12%
14%
14%
13%
13%
13%
Other Income
72
-230
-5
-73
-116
-861
1,655
569
286
684
162
208
270
Interest
105
80
186
426
432
365
206
82
28
17
21
25
13
Depreciation
245
172
143
252
225
211
138
99
94
95
112
196
207
PBT
12
-394
-463
-613
-475
-1,407
1,427
1,035
1,169
1,715
1,348
1,628
1,687
Tax %
-88%
17%
6%
17%
7%
-5%
10%
12%
18%
17%
28%
26%
—
Net Profit
22
-461
-491
-715
-507
-1,331
1,280
913
963
1,428
973
1,199
1,240
EPS in Rs
0.37
-7.33
-7.83
-11.47
-8.03
-21.12
9.68
6.33
6.3
9.34
6.37
7.66
7.94
Div. Payout %
214%
0%
0%
0%
0%
0%
0%
0%
24%
14%
20%
17%
—
Figures in ₹ Crores

Balance Sheet

Particulars Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Equity Capital
125
125
125
125
125
125
268
288
305
305
306
315
Reserves
4,172
4,464
3,977
2,757
2,005
-2,081
-352
715
1,485
2,712
3,538
7,655
Borrowings
2,092
1,528
1,502
3,041
3,297
2,757
1,484
367
16
17
41
118
Other Liabilities
5,370
4,831
4,557
4,887
4,883
3,816
2,997
2,852
2,861
2,590
3,528
4,555
Total Liabilities
11,760
10,949
10,161
10,811
10,311
4,617
4,397
4,222
4,668
5,625
7,413
12,644
Fixed Assets
4,127
2,588
1,705
2,364
2,050
1,489
1,146
1,081
971
1,059
1,479
2,008
CWIP
104
90
61
85
91
28
20
35
38
94
386
725
Investments
442
231
209
279
130
2
2
41
1
588
438
453
Other Assets
7,088
8,040
8,186
8,083
8,040
3,098
3,229
3,064
3,658
3,884
5,110
9,458
Total Assets
11,760
10,949
10,161
10,811
10,311
4,617
4,397
4,222
4,668
5,625
7,413
12,644
Figures in ₹ Crores

Cash Flow

Particulars Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Operating
-672
-61
-540
380
811
692
-242
483
947
1,028
916
702
Investing
429
432
497
-1,031
-745
-178
-51
227
-21
-1,294
-540
-3,605
Financing
157
-222
50
514
-213
-528
590
-800
-612
-246
-167
2,794
Net Cash Flow
-87
149
7
-138
-147
-14
297
-91
315
-512
210
-109
Free Cash Flow
-537
292
-592
203
682
649
-257
413
865
805
491
-72
CFO/OP
-147
72
354
319
284
2,311
-206
69
95
90
84
74
Figures in ₹ Crores

Ratios

Particulars Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Debtor Days
194
144
124
109
77
37
72
63
68
70
74
86
Inventory Days
128
59
83
85
84
42
79
48
41
49
60
67
Days Payable
202
132
130
130
162
143
191
107
94
98
99
105
Cash Conversion Cycle
120
71
77
64
-1
-63
-40
3
15
21
35
48
Working Capital Days
84
47
283
-53
-96
-285
-207
-62
4
8
16
70
ROCE %
5%
5%
-4%
-1%
2%
-4%
8%
42%
61%
47%
37%
27%

Insights

Beta

AI-extracted from concalls & annual reports · figures as reported, with sources

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Shareholding Pattern

Others2.16%Promot.56.36%Public11.21%FIIs11.97%DIIs18.30%As ofJun 2026

Documents

Frequently Asked Questions about CG Power & Industrial Solutions

What does CG Power & Industrial Solutions Ltd do?
CG Power & Industrial Solutions is a global enterprise providing end-to-end solutions to utilities, industries and consumers for the management and application of efficient and sustainable electrical energy. It offers products, services and solutions in two main business segments, viz. Power Syst...
Where is CG Power & Industrial Solutions Ltd (CGPOWER) listed?
CG Power & Industrial Solutions Ltd trades as CGPOWER on the NSE and under code 500093 on the BSE.
Which sector does CG Power & Industrial Solutions Ltd belong to?
CG Power & Industrial Solutions Ltd is classified under the Capital Goods sector, in the Electrical Equipment industry.
What is the market capitalisation of CG Power & Industrial Solutions Ltd?
CG Power & Industrial Solutions Ltd has a market capitalisation of ₹1,41,110 Cr, which places it in the Large Cap band.
What is the PE ratio of CG Power & Industrial Solutions Ltd?
CG Power & Industrial Solutions Ltd trades at a PE ratio of 114.48, on earnings per share of ₹5.88, against a book value of ₹50.59 per share.
What is the 52-week high and low of CG Power & Industrial Solutions Ltd?
Over the last 52 weeks CG Power & Industrial Solutions Ltd has traded between ₹525.5 and ₹980.9.
Does CG Power & Industrial Solutions Ltd pay dividends?
CG Power & Industrial Solutions Ltd has a dividend yield of 0.14%.
What is the Return on Equity (ROE) of CG Power & Industrial Solutions Ltd?
CG Power & Industrial Solutions Ltd reported a return on equity of 14.60%. Its debt-to-equity ratio is 0.01.

Company Information

CG Power & Industrial Solutions is a global enterprise providing end-to-end solutions to utilities, industries and consumers for the management and application of efficient and sustainable electrical energy. It offers products, services and solutions in two main business segments, viz. Power Systems and Industrial Systems.

Website cgglobal.com
CEO Mr. Amar Kaul B.Tech
Listed 1995-03-01
Face Value ₹ 2
Issued Size 1,57,48,62,609

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