Power & Instrumentation
PIGL NSE
Power & Instrumentation
Capital GoodsNSE: PIGL BSE: 543912 Other Electrical Equipment
Key Fundamentals
MicrocapOther Electrical EquipmentCapital GoodsMarket Cap
₹218 Cr
Volatility
Moderate
P/E Ratio
13.49
EBITDA
₹22.89 Cr
Return on Equity
10.63%
Debt to Equity
0.09
Book Value
₹72.11
52W High
₹189.7
52W Low
₹88.05
Tapetide Score
Data-driven rating, 0–100. How it works →
Key Insights
Strengths
3- Company has reduced debt.
- Company is almost debt free.
- Debtor days have improved from 105 to 69.7 days.
Weaknesses
2- Company has a low return on equity of 12.2% over last 3 years.
- Company's cost of borrowing seems high
Growth Rate
Revenue Growth
27.71% lower than
3Y
Net Income Growth
32.46% lower than
3Y
Cash Flow Change
-571%
ROE
-7.57% lower than
3Y
ROCE
-22.56% lower than
3Y
EBITDA Margin (Avg.)
-9.1% higher than
3Y
Quarterly Results
| Particulars | Jun 2023 | Sep 2023 | Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 21.82 | 24.33 | 15.13 | 36.92 | 25.47 | 54.93 | 33.37 | 55.09 | 41.3 | 70.27 | 48.66 | 58.53 | 48.9 |
| Expenses | 19.27 | 21.62 | 13.31 | 33.03 | 22.35 | 49.71 | 29.68 | 50.25 | 37.27 | 63.69 | 42.74 | 52.12 | 43.89 |
| Operating Profit | 2.55 | 2.71 | 1.82 | 3.89 | 3.12 | 5.22 | 3.69 | 4.84 | 4.03 | 6.58 | 5.92 | 6.41 | 5.01 |
| OPM % | 11.69% | 11.14% | 12.03% | 10.54% | 12.25% | 9.5% | 11.06% | 8.79% | 9.76% | 9.36% | 12.17% | 10.95% | 10.25% |
| Other Income | 0.15 | 0.19 | 0.37 | 0.69 | 0.53 | 0.82 | 1.09 | 0.3 | 0.28 | 0.64 | 0.17 | 0.43 | 0.44 |
| Interest | 1.3 | 1 | 0.98 | 1.14 | 1.09 | 0.78 | 0.56 | 0.96 | 0.73 | 0.8 | 1.4 | 1.67 | 1.27 |
| Depreciation | 0.06 | 0.06 | 0.05 | 0.05 | 0.06 | 0.06 | 0.06 | 0.07 | 0.05 | 0.11 | 0.16 | 0.27 | 0.3 |
| PBT | 1.34 | 1.84 | 1.16 | 3.39 | 2.5 | 5.2 | 4.16 | 4.11 | 3.53 | 6.31 | 4.53 | 4.9 | 3.88 |
| Tax % | 24.63% | 24.46% | 29.31% | 20.94% | 24.8% | 25.19% | 23.32% | 31.63% | 25.78% | 25.36% | 21.19% | 19.59% | 21.65% |
| Net Profit | 1 | 1.39 | 0.83 | 2.68 | 1.87 | 3.89 | 3.19 | 2.81 | 2.62 | 4.71 | 3.57 | 3.93 | 3.05 |
| EPS in Rs | 0.79 | 1.1 | 0.66 | 2.12 | 1.48 | 2.42 | 1.98 | 1.61 | 1.5 | 2.65 | 1.84 | 1.71 | 1.37 |
Profit & Loss
| Particulars | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | TTM |
|---|---|---|---|---|---|---|
| Sales | 91 | 94 | 97 | 169 | 219 | 226 |
| Expenses | 84 | 87 | 87 | 152 | 196 | 202 |
| Operating Profit | 7 | 8 | 11 | 17 | 23 | 24 |
| OPM % | 7% | 8% | 11% | 10% | 10% | 11% |
| Other Income | 0 | 1 | 1 | 2 | 1 | 2 |
| Interest | 3 | 3 | 4 | 3 | 5 | 5 |
| Depreciation | 0 | 0 | 0 | 0 | 1 | 1 |
| PBT | 4 | 5 | 8 | 16 | 19 | 20 |
| Tax % | 31% | 27% | 24% | 26% | 23% | — |
| Net Profit | 3 | 4 | 6 | 12 | 15 | 15 |
| EPS in Rs | 3.36 | 2.86 | 4.67 | 6.73 | 6.7 | 7.57 |
| Div. Payout % | 0% | 7% | 4% | 3% | 0% | — |
Balance Sheet
| Particulars | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|
| Equity Capital | 9 | 13 | 13 | 17 | 21 |
| Reserves | 28 | 33 | 39 | 93 | 131 |
| Borrowings | 29 | 32 | 15 | 18 | 14 |
| Other Liabilities | 32 | 30 | 42 | 45 | 68 |
| Total Liabilities | 97 | 107 | 107 | 173 | 234 |
| Fixed Assets | 1 | 1 | 1 | 1 | 45 |
| CWIP | 0 | 1 | 1 | 1 | 2 |
| Investments | 0 | 0 | 0 | 0 | 0 |
| Other Assets | 95 | 105 | 106 | 172 | 187 |
| Total Assets | 97 | 107 | 107 | 173 | 234 |
Cash Flow
| Particulars | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|
| Operating | -3 | 1 | 8 | -40 | -5 |
| Investing | 1 | -5 | 0 | -12 | -14 |
| Financing | 2 | 4 | -8 | 52 | 22 |
| Net Cash Flow | 0 | 0 | 0 | 0 | 3 |
| Free Cash Flow | -3 | 1 | 8 | -40 | -6 |
| CFO/OP | -38 | 17 | 86 | -228 | -3 |
Ratios
| Particulars | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|
| Debtor Days | 221 | 149 | 115 | 131 | 70 |
| Inventory Days | 80 | 159 | 190 | 124 | 168 |
| Days Payable | 132 | 106 | 153 | 79 | 85 |
| Cash Conversion Cycle | 168 | 202 | 151 | 175 | 153 |
| Working Capital Days | 103 | 113 | 129 | 176 | 121 |
| ROCE % | — | 12% | 17% | 20% | 15% |
Insights
BetaAI-extracted from concalls & annual reports · figures as reported, with sources
Log in to view Power & Instrumentation insights
58 extracted metrics + investor summaries across FY19–FY26.
Documents
1
Announcement Under Regulation 30 Of SEBI (LODR), 2015
11 Sep - AAI approved PIGL as specialized agency for power supply works at Hisar Airport Project. 11 Sep - AAI approved PIGL as specialized agency for power supply works at Hisar Airport Project.
2
Announcement under Regulation 30 (LODR)-Award_of_Order_Receipt_of_Order
29 Apr - Received two work orders for Udaipur Air Terminal; total order book now Rs 60.51 crore. 29 Apr - Received two work orders for Udaipur Air Terminal; total order book now Rs 60.51 crore.
3
Announcement under Regulation 30 (LODR)-Award_of_Order_Receipt_of_Order
29 Apr - Received two work orders for Udaipur Air Terminal; total order book now Rs 60.51 crore. 29 Apr - Received two work orders for Udaipur Air Terminal; total order book now Rs 60.51 crore.
4
Compliances-Certificate under Reg. 74 (5) of SEBI (DP) Regulations, 2018
10 Apr - Submitted Regulation 74(5) depository certificate for quarter ended March 31, 2026. 10 Apr - Submitted Regulation 74(5) depository certificate for quarter ended March 31, 2026.
5
Announcement under Regulation 30 (LODR)-Resignation of Company Secretary / Compliance Officer
3 Apr - Company Secretary and Compliance Officer Maunish Gandhi resigned effective April 3, 2026. 3 Apr - Company Secretary and Compliance Officer Maunish Gandhi resigned effective April 3, 2026.
Frequently Asked Questions about Power & Instrumentation
What does Power & Instrumentation (Gujarat) Ltd do?
Incorporated in 1975, Power & Instrumentation (Gujarat) Ltd is in the business of Electrical Contract Work and deals in electrical
equipment[1]
Where is Power & Instrumentation (Gujarat) Ltd (PIGL) listed?
Power & Instrumentation (Gujarat) Ltd trades as PIGL on the NSE and under code 543912 on the BSE.
Which sector does Power & Instrumentation (Gujarat) Ltd belong to?
Power & Instrumentation (Gujarat) Ltd is classified under the Capital Goods sector, in the Other Electrical Equipment industry.
What is the market capitalisation of Power & Instrumentation (Gujarat) Ltd?
Power & Instrumentation (Gujarat) Ltd has a market capitalisation of ₹218.08 Cr, which places it in the Small Cap band.
What is the PE ratio of Power & Instrumentation (Gujarat) Ltd?
Power & Instrumentation (Gujarat) Ltd trades at a PE ratio of 13.49, against a book value of ₹72.11 per share.
What is the 52-week high and low of Power & Instrumentation (Gujarat) Ltd?
Over the last 52 weeks Power & Instrumentation (Gujarat) Ltd has traded between ₹88.05 and ₹189.7.
Does Power & Instrumentation (Gujarat) Ltd pay dividends?
Power & Instrumentation (Gujarat) Ltd has a dividend yield of 0.19%.
What is the Return on Equity (ROE) of Power & Instrumentation (Gujarat) Ltd?
Power & Instrumentation (Gujarat) Ltd reported a return on equity of 10.63%. Its debt-to-equity ratio is 0.09.
Company Information
Incorporated in 1975, Power & Instrumentation (Gujarat) Ltd is in the business of Electrical Contract Work and deals in electrical equipment[1]
Listed 2023-05-17
Face Value ₹ 10
Issued Size 1,78,32,900
For AI agents and developers
Reading this as an AI agent, LLM or automated pipeline? Every page on Tapetide is also published as clean Markdown — no navigation, no scripts, just the data. Fetch https://tapetide.com/stocks/PIGL.md for Power & Instrumentation (Gujarat) Ltd: company profile, latest price, key fundamentals, the Tapetide Score, growth rates, quarterly and annual financial statements, shareholding pattern, technical indicators, analyst ratings and exchange filings.
Append .md to any Tapetide URL for the
same treatment. A full index of what we publish is at /llms.txt and /llms-full.txt. For live,
structured queries instead of documents, use our MCP server.