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CG Power & Industrial Solutions

CGPOWER NSE
₹841.45 +31.45 (+3.88%)
P/E
96.28
View as Markdown
MCP
Close 4 Nov 2026 ₹841.45 +108.75 +14.8% 1Y
Start ₹732.70

Key Fundamentals

LargecapElectrical EquipmentCapital Goods

Price-based figures as of · EPS basis: Consolidated · TTM

ROCE
26.70%
Debt to Equity
0.02
EPS (TTM)
₹8.74
Book Value
₹55.47
Market Cap
—
P/E (TTM)
96.28
P/B
15.17
ROE
20.50%
Dividend Yield
0.16%
EBITDA
₹1,870 Cr
52W High
₹980.90
52W Low
₹525.50
Day Range
₹788.80 – ₹841.45
Volume
29,05,158

Peer Comparison

Industrials › Capital Goods › Electrical Equipment › Heavy Electrical Equipment

CG Power & Industrial Solutions peer comparison
Bharat Heavy Electricals
₹423.8551.25₹1,46,351 Cr5.520.35%6.23%9.14%₹37,782 Cr₹2,878 Cr
ABB
₹6,750.0047.87₹1,40,908 Cr15.321.36%22.40%29.90%₹13,477 Cr₹2,988 Cr
CG Power & Industrial Solutions (this company)
₹841.4596.28₹1,27,312 Cr15.170.16%20.50%26.70%₹13,699 Cr₹1,364 Cr
Hitachi Energy
₹29,100.00112.75₹1,24,045 Cr25.060.03%21.90%29.40%₹9,162 Cr₹1,149 Cr
Siemens
₹3,509.00—₹1,22,035 Cr9.030.53%19.20%21.40%₹18,062 Cr₹3,276 Cr
GE Vernova T&D
₹4,265.0083.66₹1,04,523 Cr33.150.25%57.40%77.40%₹6,712 Cr₹1,305 Cr
Siemens Energy
₹2,963.0070.90₹1,01,562 Cr21.930.14%50.50%67.80%₹9,436 Cr₹1,489 Cr
Median 7 companies₹3,509.0077.28₹1,24,045 Cr15.320.25%21.90%29.40%₹13,477 Cr₹1,489 Cr

Comparable companies in the same industry. Market cap, P/E and P/B use the latest price; other metrics are as reported in filings. A dash means the figure is not published for that company.

Tapetide Score

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

Overall score

44 Weak

Data confidence 98/100

Category scores

Quality
46
Average
Returns, margins, earnings quality 22% weight
Valuation
21
Poor
Cheap vs sector & own history 24% weight
Growth
71
Strong
Sales & profit trajectory 9% weight
Financial Health
80
Strong
Solvency, leverage, coverage 9% weight
Momentum
28
Poor
Trend strength, vol-adjusted 12% weight
Ownership
44
Weak
FII/DII/promoter flows 24% weight

The Tapetide Score is data analysis, not investment advice. Tapetide is not a SEBI-registered research analyst or investment adviser.

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 14.7 times its book value
  • Working capital days have increased from 31.3 days to 69.8 days

Technical Indicators

Technical signals: verdict and indicator counts
GroupSignalBearishNeutralBullish
OverallBullish667
OscillatorsBearish261
Moving AveragesStrong Bullish406

Key readings

RSI (14)
49.26
Neutral
MACD (12,26,9)
−14.00
Bullish
SMA (50)
868.17
Bearish
SMA (200)
814.51
Bullish

As of

Analyst Rating

Based on 18 analysts
BUY78%

14 of 18 analysts rate Buy, 2 Hold, 2 Sell.

As of

BUY
14
78%
HOLD
2
11%
SELL
2
11%

Growth Rate

From the financial statements below. 10Y, 5Y, 3Y: compound annual growth to Mar 2026; 1Y: fiscal year to Mar 2026 against Mar 2025; TTM: four quarters to Sep 2026 against Sep 2025.

Revenue

Revenue growth by window
10Y+8.95%
5Y+33.18%
3Y+21.21%
1Y+25.32%
TTM+23.76%

Net profit

Net profit growth by window
10YTurned to profit
5Y−1.30%
3Y+7.58%
1Y+23.23%
TTM+28.32%

Operating cash flow

Operating cash flow growth by window
10YTurned positive
5YTurned positive
3Y−9.50%
1Y−23.36%
TTM—

TTM: Reported once a year, so there is no trailing-twelve-month figure.

Operating margin· change in pp

Operating margin growth by window
10Y+11.54 pp
5Y+9.30 pp
3Y−1.20 pp
1Y−0.10 pp
TTM+0.17 pp

Revenue by year

Revenue by year, ₹ crore
Mar 2017₹5,517 Cr
Mar 2018₹8,031 Cr
Mar 2019₹7,998 Cr
Mar 2020₹5,110 Cr
Mar 2021₹2,964 Cr
Mar 2022₹5,484 Cr
Mar 2023₹6,973 Cr
Mar 2024₹8,046 Cr
Mar 2025₹9,909 Cr
Mar 2026₹12,418 Cr

Net profit by year

Net profit by year, ₹ crore
Mar 2017−₹491 Cr
Mar 2018−₹715 Cr
Mar 2019−₹507 Cr
Mar 2020−₹1,331 Cr
Mar 2021₹1,280 Cr
Mar 2022₹913 Cr
Mar 2023₹963 Cr
Mar 2024₹1,428 Cr
Mar 2025₹973 Cr
Mar 2026₹1,199 Cr

Analyst Forecasts

Forecast For
Dec 26 consensus · EBITDA
₹572 Cr −7.9% vs Sep 26
Reported High Mean Low

AI Analysis — Bull vs Bear

Figures as of 30 Oct 2026
AI opinion · based on fundamentals
Risk high

CG Power & Industrial Solutions Ltd trades at ₹804 as of 2026-10-30 with a market capitalization of ₹1,27,454 Cr. The company is virtually debt-free with a debt-to-equity ratio of 0.01 and has delivered a 10-year compounded profit growth of 37%, though its TTM P/E of 92.0x and P/B of 14.5x reflect a premium valuation relative to earnings and book value.

Bull Case 8
  • The company is almost debt-free with a debt-to-equity ratio of just 0.01, providing significant financial flexibility and resilience against interest rate cycles.
  • 10-year compounded profit growth stands at 37%, indicating a sustained long-term earnings expansion track record.
  • 5-year compounded sales growth of 33% and 5-year compounded profit growth of 70% demonstrate strong medium-term revenue and earnings momentum.
  • 3-year average ROE of 30% reflects efficient capital deployment and strong shareholder value creation over a meaningful period.
  • TTM sales growth of 24% and TTM profit growth of 31% show that the business continues to deliver double-digit top-line and bottom-line expansion in the most recent period.
  • ROCE of 19.34% as of 2026-10-30 indicates healthy returns on total capital employed, supporting the quality of the underlying business.
  • The stock has delivered a 5-year price CAGR of 39%, significantly outperforming broader market indices over the same horizon.
  • The company maintains a dividend payout ratio of 17.1%, providing a degree of cash return to shareholders even while reinvesting for growth.
Bear Case 6
  • The stock trades at 14.5x book value, well above typical capital goods sector averages, raising concerns about overpaying relative to net assets.
  • Working capital days have increased from 31.3 days to 69.8 days, more than doubling, which signals deteriorating cash conversion efficiency and potential strain on operating cash flows.
  • Last year's ROE of 20% has declined from the 3-year average of 30%, suggesting a potential moderation in return profile despite continued revenue growth.
  • The stock is trading approximately 18% below its 52-week high of ₹980.90, indicating meaningful selling pressure or profit-booking from recent peak levels.
  • 3-year compounded profit growth of 10% is markedly lower than the 5-year figure of 70%, suggesting a deceleration in earnings growth momentum in more recent years.
  • At a market cap of ₹1,27,454 Cr and EPS of ₹8.74, the stock requires sustained high-growth execution to justify its current valuation, increasing vulnerability to any earnings miss.

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

AI News Digest

10d ago

TL;DR: Limited news flow for CG Power this period, with only a routine auditor rotation reported. No material headwinds or positive catalysts emerged. The auditor change to PwC is a standard corporate governance matter. Watch for upcoming quarterly results and capital goods order flow data for directional cues.

Neutral 1
  • Auditor change approved by shareholders Sep 25

    CG Power shareholders passed an ordinary resolution appointing Price Waterhouse Chartered Accountants LLP as statutory auditors, replacing SRBC & CO LLP. This is a routine governance action with no direct financial impact.

Quarterly Results

₹ Cr
CGPOWER quarterly results, ₹ crore
Particulars Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 2026Sep 2026
Sales
2,002
1,979
2,192
2,228
2,413
2,516
2,753
2,878
2,923
3,175
3,442
3,281
3,802
Expenses
1,693
1,718
1,908
1,900
2,118
2,185
2,406
2,497
2,546
2,778
2,975
2,884
3,262
Operating Profit
309
261
284
327
295
331
347
381
377
397
466
397
540
OPM %
15%
13%
13%
15%
12%
13%
13%
13%
13%
13%
14%
12%
14%
Other Income
43
579
42
33
29
34
71
28
66
41
77.06
84
82
Interest
0
1
1
1
2
1
3
2
3
4
4
4
4
Depreciation
23
24
24
24
28
28
32
44
52
51
49
54
58
PBT
330
816
301
336
294
335
384
364
388
384
490
423
559
Tax %
26%
8%
22%
28%
25%
29%
29%
27%
27%
26%
26%
27%
27%
Net Profit
242
748
234
241
220
238
274
267
284
284
363
308
409
EPS (₹)
1.59
4.89
1.53
1.58
1.45
1.57
1.78
1.76
1.82
1.81
2.32
1.99
2.62

Profit & Loss

₹ Cr
CGPOWER profit and loss, annual, ₹ crore
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
13,699
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
11,899
Operating Profit
289
88
−128
138
299
31
116
647
1,005
1,142
1,319
1,641
1,801
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
285
Interest
105
80
186
426
432
365
206
82
28
17
21
25
15
Depreciation
245
172
143
252
225
211
138
99
94
95
112
196
212
PBT
12
−394
−463
−613
−475
−1,407
1,427
1,035
1,169
1,715
1,348
1,626
1,858
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
1,365
EPS (₹)
0.37
−7.33
−7.83
−11.47
−8.03
−21.12
9.68
6.33
6.3
9.34
6.37
7.66
8.74
Div. Payout %
214%
0%
0%
0%
0%
0%
0%
0%
24%
14%
20%
17%
—

Balance Sheet

₹ Cr
CGPOWER balance sheet, annual, ₹ crore
Particulars Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026Sep 2026
Equity Capital
125
125
125
125
125
125
268
288
305
305
306
315
315
Reserves
4,172
4,464
3,977
2,757
2,005
−2,081
−352
715
1,485
2,712
3,538
7,655
8,424
Borrowings
2,092
1,528
1,502
3,041
3,297
2,757
1,484
367
16
17
41
118
169
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
5,551
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
14,460
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
2,460
CWIP
104
90
61
85
91
28
20
35
38
94
386
725
846
Investments
442
231
209
279
130
2
2
41
1
588
438
453
384
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
10,771
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
14,460

Cash Flow

₹ Cr
CGPOWER cash flow, annual, ₹ crore
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/EBITDA
−147
72
354
319
284
2,311
−206
69
95
90
84
74

Ratios

CGPOWER financial ratios, annual
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

Log in to view CG Power & Industrial Solutions insights

65 extracted metrics across FY11–FY27.

Shareholding Pattern

As of Sep 2026

  • Promoters 56.34%
  • DIIs 19.02%
  • Public 11.38%
  • FIIs 11.08%
  • Others 2.17%

No promoter shares pledged as of Sep 2026

Change vs previous quarter

Not shown for some quarters: Others. Not available separately for this quarter: the shareholding filing gives Public and Others as one figure, shown under Public, so Others is left blank rather than estimated.

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.
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 PE ratio of CG Power & Industrial Solutions Ltd?
CG Power & Industrial Solutions Ltd trades at a PE ratio of 96.28 as of 4 Nov 2026, on earnings per share of ₹8.74, against a book value of ₹55.47 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 as of 4 Nov 2026.
Does CG Power & Industrial Solutions Ltd pay dividends?
CG Power & Industrial Solutions Ltd has a dividend yield of 0.16%.
What is the Return on Equity (ROE) of CG Power & Industrial Solutions Ltd?
CG Power & Industrial Solutions Ltd reported a return on equity of 20.50%. Its debt-to-equity ratio is 0.02.

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 1 Mar 1995
Face Value ₹2

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