NSE:CGPOWERNSEIndustrials
CG Power and Industrial Solutions Limited
📊 Electrical Equipment & Parts
Day ₹831
₹840 Neutral
52W ₹526
₹847 Overbought
₹836.30
▲ ₹5.10 (+0.61%)
Vol: 1,024,754 · Avg: 3,380,527
As of April 29, 2026 · 06:46 IST
COMPOSITE RISK SCORE
53 MODERATE
VAL:0/25 · FIN:17/25 · GRO:18/25 · TECH:18/25
📈 P/E RATIO
117.0x
Trailing
📖 P/B RATIO
17.7x
Price to Book
💰 EPS
₹7.15
TTM
🏛 MARKET CAP
₹131,720Cr
Large Cap
📊 ROE
25.4%
Return on Equity
📈 REV GROWTH
26.2%
YoY
🏢 Company Analysis · CG Power and Industrial Solutions Limited
💼 BUSINESS MODEL
  • CG Power and Industrial Solutions Limited, together with its subsidiaries, provides various solutions in India and internationally..
  • The Power Systems segment offers generator, distribution, solar, green, unit auxiliary, furnace, cast resin, locomotive, and track side transformers; shunt reactors; and switchgears, relay and automation, circuit breakers, condenser bushings, lightning and surge arresters, off load disconnectors, isolators, compact substations, numerical protection relays, auto-reclosers, vacuum interrupters, power quality solutions, and railways loco head and trackside products..
  • This segment also undertakes turnkey transmission and distribution projects; and substation projects..
  • The Industrial Systems segment provides traction motors, AC generators, drives and automation solutions, soft starters and shaft power monitors, domestic and commercial fans, traction electronics and machines, water heaters, and services for industrial systems, as well as residential, agricultural, and specialty pumps..
  • Operates in Electrical Equipment & Parts within the Industrials sector.
🏰 MOAT & COMPETITION
  • Mega-cap (₹131,720 Cr) — dominant market position with significant scale advantages.
  • Key competitors: Siemens Ener.Ind, GE Vernova T&D, Suzlon Energy, GE Power.
🚀 CATALYSTS
  • Revenue growing at 26% — strong top-line momentum.
⚖️ ASYMMETRY CHECK
  • Analyst target range: ₹472 — ₹900 (mean ₹728, 17 analysts).
  • Unfavorable asymmetry — limited upside +8% vs downside -44% (0.2x).
  • P/E of 117.0x — premium valuation, growth must sustain to avoid de-rating risk.
🔭 FUTURE OUTLOOK
  • Analyst consensus: Buy (17 analysts).
  • Latest quarter earnings grew 18% YoY — positive trajectory.
✅ PROS
  • Company is almost debt free.
  • Company has a good return on equity (ROE) track record: 3 Years ROE 45.0%
  • Company has been maintaining a healthy dividend payout of 19.4%
❌ CONS
  • Stock is trading at 17.6 times its book value
VALUATION
0/25
25% WEIGHT
  • P/E at 117x
  • P/B at 17.7x
  • Analyst target: ₹728 (-12.9%)
  • 1Y return: +31.3%
FINANCIAL HEALTH
17/25
25% WEIGHT
  • ROE: 25.4%
  • Profit margin: 9.5%
  • Revenue growth: 26.2%
  • Debt/Equity: 2%
GROWTH
18/25
25% WEIGHT
  • Revenue growth: 26.2%
  • Earnings growth: 15.3%
  • Beta: 0.27
  • Sector: Industrials
TECHNICAL
18/25
25% WEIGHT
  • RSI, MACD, MA crossovers
  • 200 DMA & 50 EMA position
  • Volume trend analysis
  • Price momentum signals
📈 Price Movement
🕯 Candlestick Chart
🎯 Price Prediction · Analyst Target Cone Source: Yahoo Finance Analyst Targets ↗
📉 Valuation Trends (at current CMP)
P/E Ratio at current CMP
2599.3 1967.8 1336.4 704.9 73.4 '2014 '2015 '2021 '2022 '2023 '2024 '2025 TTM Mar 2014: 214.4 Mar 2015: 2260.3 Mar 2021: 86.4 Mar 2022: 132.1 Mar 2023: 132.7 Mar 2024: 89.5 Mar 2025: 131.3 TTM: 116.6 116.6
💎 Valuation & Financial Metrics
P/E RATIO
117.0x
Trailing twelve months
P/B RATIO
17.7x
Price to Book value
ROE
25.4%
Return on Equity
PROFIT MARGIN
9.5%
Net profit margin
OPM
10.9%
Operating profit margin
ANALYST TARGET
₹728
Range: ₹472 - ₹900
Yahoo Finance ↗
PEG RATIO
10.73
Price/Earnings to Growth
EV/EBITDA
91.3x
Enterprise value ratio
CURRENT RATIO
N/A
Liquidity measure
DIVIDEND YIELD
0.16%
Annual yield
ROA
9.6%
Return on Assets
GROSS MARGIN
30.0%
Gross profit margin
INDUSTRY AVERAGES — HEAVY ELECTRICAL EQUIPMENT
P/E 85.8x (above avg)
P/B 5.0x (sector fair)
ROCE 35.2% (above avg)
ROE 20% (sector good)
OPM 20% (sector good)
Div Yield 0.13%
D/E <30 (sector comfort)
📋 Quarterly Performance Trend
QuarterRevenueQoQ %Net ProfitQoQ %Op. Cash FlowEBITDA Margin
Q2 FY25 ₹2,413 Cr— ₹221 Cr— N/A 13.4%
Q3 FY25 ₹2,516 Cr+4.3% ₹241 Cr+8.9% N/A 14.5%
Q4 FY25 ₹2,659 Cr+5.7% ₹272 Cr+13.1% N/A 15.7%
Q1 FY26 ₹2,878 Cr+8.2% ₹269 Cr-1.0% N/A 14.2%
Q3 FY26 ₹3,175 Cr+10.3% ₹285 Cr+5.8% N/A 13.8%
📊 Year-on-Year Trend
FYRevenueYoY %Net ProfitYoY %Op. Cash FlowYoY %
FY22 ₹5,404 Cr— ₹913 Cr— ₹483 Cr—
FY23 ₹6,895 Cr+27.6% ₹963 Cr+5.5% ₹947 Cr+96.1%
FY24 ₹7,956 Cr+15.4% ₹1,427 Cr+48.2% ₹1,028 Cr+8.5%
FY25 ₹9,815 Cr+23.4% ₹975 Cr-31.7% ₹944 Cr-8.1%
📈 Revenue vs Earnings
🎯 EPS: Estimate vs Actual
💰 How CG Power and Industrial Solutions Limited Makes Its Money
Revenue ₹3.2K Cr Cost of Revenue ₹2.2K Cr Gross Profit ₹968 Cr Op. Expenses ₹621 Cr Operating Inc. ₹347 Cr Tax ₹100 Cr Other ₹76 Cr Net Income ₹285 Cr (9.0% margin) Dec 2025 · All values in ₹ Crores
🏦 Snapshot of CG Power and Industrial Solutions Limited's Balance Sheet
Total Assets ₹7.4K Cr Cash & Equiv.: ₹410 Cr (5.5%) Receivables: ₹2.0K Cr (27.1%) Inventory: ₹1.1K Cr (15.3%) Other Current: ₹1.8K Cr (23.9%) PP&E: ₹1.4K Cr (18.6%) Goodwill: ₹281 Cr (3.8%) Other Intangibles: ₹293 Cr (4.0%) Liab. + Equity ₹7.4K Cr Current Liab.: ₹3.2K Cr (43.0%) Long-Term Debt: ₹0.3 Cr (0.0%) Other Liab.: ₹189 Cr (2.6%) Equity: ₹4.0K Cr (54.4%) As of Mar 2025 · All values in ₹ Crores
💸 Looking into CG Power and Industrial Solutions Limited's Cash Flow
Operating CF ₹944 Cr Capital Exp. ₹427 Cr Free Cash Flow ₹517 Cr Dividends ₹199 Cr Debt Repaid ₹16 Cr Retained / Other ₹303 Cr FY2025 · All values in ₹ Crores
📅 Quarterly Results Source: Screener ↗
Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025
Sales +1,8742,0021,9792,1922,2282,4132,5162,7532,8782,9233,175
Expenses +1,6091,6931,7181,9081,9002,1182,1852,4062,4972,5462,814
Operating Profit265309261284327295331347381377362
OPM %14%15%13%13%15%12%13%13%13%13%11%
Other Income +29435794233293471286676
Interest10111213234
Depreciation2423242424282832445251
Profit before tax270329816301336294335384364388384
Tax %24%26%8%22%28%25%29%29%27%27%26%
Net Profit +204242748234241220238274267284284
EPS in Rs1.331.594.891.531.581.451.571.781.761.821.81
Raw PDF
📊 Profit & Loss Statement Source: Screener ↗
Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025TTM
Sales +8,0317,9985,1102,9645,4846,9738,0469,90911,729
Expenses +7,8937,6995,0792,8484,8375,9676,9048,58910,262
Operating Profit138299311166471,0051,1421,3191,466
OPM %2%4%1%4%12%14%14%13%12%
Other Income +-73-116-8611,655569286684162242
Interest4264323652068228172111
Depreciation252225211138999495112178
Profit before tax-613-475-1,4071,4271,0351,1691,7151,3481,519
Tax %17%7%-5%10%12%18%17%28%
Net Profit +-715-507-1,3311,2809139631,4289731,109
EPS in Rs-11.47-8.03-21.129.686.336.309.346.377.17
Dividend Payout %0%0%0%0%0%24%14%20%
🏦 Balance Sheet Source: Screener ↗
Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Sep 2025
Equity Capital125125125268288305305306315
Reserves2,7572,005-2,081-3527151,4852,7123,5387,146
Borrowings +3,0413,2972,7571,484367161741117
Other Liabilities +4,8874,8833,8162,9972,8522,8612,5903,5284,030
Total Liabilities10,81110,3114,6174,3974,2224,6685,6257,41311,608
Fixed Assets +2,3642,0501,4891,1461,0819711,0591,4792,025
CWIP85912820353894386455
Investments27913022411588438783
Other Assets +8,0838,0403,0983,2293,0643,6583,8845,1108,345
Total Assets10,81110,3114,6174,3974,2224,6685,6257,41311,608
💰 Cash Flow Statement Source: Screener ↗
Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025
Cash from Operating Activity +-540380811692-2424839471,028944
Cash from Investing Activity +497-1,031-745-178-51227-21-1,294-568
Cash from Financing Activity +50514-213-528590-800-612-246-167
Net Cash Flow7-138-147-14297-91315-512210
Free Cash Flow-592203682649-257413865805519
CFO/OP354%319%284%2,311%-206%69%95%90%86%
📈 Key Financial Ratios
Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025
Debtor Days12410977377263687074
Inventory Days838584427948414960
Days Payable130130162143191107949899
Cash Conversion Cycle7764-1-63-403152135
Working Capital Days283-53-96-285-207-624816
ROCE %-4%-1%2%-4%8%42%61%47%37%
🏭 Industry Peers — Heavy Electrical Equipment
#CompanyCMPP/EMkt CapROCEQtr ProfitScore
1Siemens Ener.Ind ★₹3,33397.3₹118,69567.8%+51.7%64
2GE Vernova T&D₹4,510103.3₹115,46754.7%+138.5%59
3Suzlon Energy₹5824.2₹78,36532.5%+15.1%55
4GE Power₹59723.9₹4,0136.1%+431.6%50
5Powerica Ltd₹48827.5₹6,18021.6%+245.3%49
6Transrail Light₹61718.6₹8,28435.2%+31.2%49
7A B B₹7,27292.3₹154,10029.9%-18.4%48
8Atlanta Electric₹1,74285.8₹13,39850.2%+125.3%47
9CG Power & Ind₹831117.7₹130,92437.5%+18.4%45
★ Siemens Ener.Ind ranks higher on combined P/E, ROCE, and growth metrics in Heavy Electrical Equipment
🏛 Shareholding Pattern
Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026
Promoters58.06%58.06%58.05%56.37%56.36%56.36%
FIIs14.30%12.97%12.69%13.02%12.02%12.03%
DIIs11.91%13.58%14.22%16.26%17.52%18.01%
Government0.00%0.00%0.00%0.00%0.04%0.07%
Public15.73%15.39%15.02%14.35%14.05%13.53%
No. of Shareholders4,70,5004,94,9164,92,4185,47,0435,35,8035,21,349
🟢 CATALYSTS
🏆Revenue Growth 26%: Above sector norm of 18% — strong top-line momentum.
💹High ROE (25.4%): Above sector norm of 20% — efficient capital use.
🔀Low Beta (0.27): Less volatile than market — defensive play.
🇮Earnings Growth (15%): Above sector norm — strong profit expansion.
🔴 RISKS
📜High P/E (117.0x): Well above sector expensive threshold of 50x — leaves little room for error.
💰High P/B (17.7x): Well above sector expensive threshold of 10x.
🔓Below Analyst Target: CMP above mean target — limited upside consensus.
🕸 Factor Analysis · Radar
Momentum 7/10: 1M +27.7%, 6M +12.0%, RSI 72, MACD bullish, Above 200DMA Sentiment 4/10: Analyst upside -12.9%, Rec: buy Value 0/10: P/E 117.0, P/B 17.7, PEG 10.73, EV/EBITDA 91.3 Quality 6/10: Margin 9.5%, D/E 2 Low Volatility 9/10: Beta 0.27, Ann. vol 31% Momentum 7 Sentiment 4 Value 0 Quality 6 Low Vol 9
Momentum 7/10
1M +27.7%, 6M +12.0%, RSI 72, MACD bullish, Above 200DMA
Sentiment 4/10
Analyst upside -12.9%, Rec: buy
Value 0/10
P/E 117.0, P/B 17.7, PEG 10.73, EV/EBITDA 91.3
Quality 6/10
Margin 9.5%, D/E 2
Low Volatility 9/10
Beta 0.27, Ann. vol 31%
🎯 Decision Matrix
ActionIf Stock RisesIf Stock Falls
BUYBenefit from potential re-rating; strong 38% ROCE compoundsOPM of 11% provides margin buffer; P/E 117x vs sector median 86x is a risk
HOLDRetain existing position; wait for better entry; FII stake rising (+0.01%)Miss further upside if momentum continues; 1M return of +27.7% shows momentum
SELLLock in +31.3% 1Y return; redeploy into Siemens Ener.Ind at lower P/EAvoid further drawdown; P/E compression risk at 117x
REASONS TO BUY
  • ROCE at 38% indicates strong capital efficiency
  • FII stake rising (+0.01%) — signals institutional confidence
  • ROE of 25.4% above sector norm of 20%
  • Revenue growing at 26.2% YoY (sector norm: 6%)
REASONS TO SELL / AVOID
  • P/E of 117.0x is 1.4x the sector median of 86x
  • Siemens Ener.Ind offers lower P/E (97.3) with ROCE of 67.8% in the same sector
  • Trading above analyst target — consensus sees -12.9% downside
📰 Latest News
No recent news available for this stock
RECOMMENDATION
HOLD
COMPOSITE SCORE
53/100
CG Power and Industrial Solutions Limited trades at ₹836.30 with a composite risk score of 53/100. The stock scores 0/25 on valuation, 17/25 on financial health, 18/25 on growth, and 18/25 on technicals. The company is currently profitable with strong return on equity.

The stock is trading near or above analyst consensus targets. Revenue growth is at 26.2% — a strong positive signal.

Within Heavy Electrical Equipment, Siemens Ener.Ind (P/E 97.3, ROCE 67.8%) ranks higher on techno-fundamental metrics and may be worth considering.

Bottom Line: Neutral for Industrials — wait for better entry or catalyst. The current recommendation is HOLD.
HIGH ROE STRONG GROWTH EXPENSIVE
RISK SCORE REPORT · NSE:CGPOWER · GENERATED APR 29, 2026 06:46 IST · DATA VIA YAHOO FINANCE + SCREENER.IN
DISCLAIMER: THIS IS NOT FINANCIAL ADVICE. DATA MAY BE DELAYED. ALWAYS VERIFY WITH OFFICIAL SOURCES BEFORE INVESTING.