NSE:GVT&DNSEIndustrials
GE Vernova T&D India Limited
📊 Specialty Industrial Machinery
Day ₹4,500
₹4,680 Oversold
52W ₹1,500
₹4,694 Overbought
₹4,503.80
▼ ₹17.00 (-0.38%)
Vol: 322,681 · Avg: 712,985
As of April 29, 2026 · 06:31 IST
COMPOSITE RISK SCORE
66 MODERATE
VAL:0/25 · FIN:23/25 · GRO:23/25 · TECH:20/25
📈 P/E RATIO
108.3x
Trailing
📖 P/B RATIO
55.3x
Price to Book
💰 EPS
₹41.59
TTM
🏛 MARKET CAP
₹115,318Cr
Large Cap
📊 ROE
34.3%
Return on Equity
📈 REV GROWTH
58.4%
YoY
🏢 Company Analysis · GE Vernova T&D India Limited
💼 BUSINESS MODEL
  • GE Vernova T&D India Limited engages in building power transmission and distribution infrastructure in India and internationally..
  • It offers power evacuation products, including electrical balance of plants and substations, generator circuit breakers, high/medium-voltage transformers, and high-voltage switchgears; grid interconnection and renewable integration products comprising high-voltage direct current, flexible ac transmission systems, synchronous condensers, HV/MV substation equipment, and wide area monitoring and control..
  • The company also provides power transformers, circuit breakers, gas-insulated switchgear, instrument transformers, substation automation, digital software solutions, turnkey substation solutions, and maintenance support..
  • In addition, it offers power management smart grid solutions for transmission and distribution, including renewable energies integration, as well as power electronics solutions..
  • Operates in Specialty Industrial Machinery within the Industrials sector.
  • Workforce of 1,697 employees.
🏰 MOAT & COMPETITION
  • Mega-cap (₹115,318 Cr) — dominant market position with significant scale advantages.
  • Profit margin of 18.7% — moderate pricing power.
  • Key competitors: Siemens Ener.Ind, GE Vernova T&D, Suzlon Energy, GE Power.
🚀 CATALYSTS
  • Revenue growing at 58% — strong top-line momentum.
  • Earnings growth of 104% signals execution on profitability.
⚖️ ASYMMETRY CHECK
  • Analyst target range: ₹3,057 — ₹5,214 (mean ₹4,073, 12 analysts).
  • Unfavorable asymmetry — limited upside +16% vs downside -32% (0.5x).
  • P/E of 108.3x — premium valuation, growth must sustain to avoid de-rating risk.
  • ⚠ Company has high debtors of 194 days.
🔭 FUTURE OUTLOOK
  • Analyst consensus: Strong Buy (12 analysts).
  • Latest quarter earnings grew 104% YoY — positive trajectory.
✅ PROS
  • None identified
❌ CONS
  • Stock is trading at 108 times its book value
  • Company has high debtors of 194 days.
  • Promoter holding has decreased over last 3 years: -24.0%
VALUATION
0/25
25% WEIGHT
  • P/E at 108x
  • P/B at 55.3x
  • Analyst target: ₹4073 (-9.6%)
  • 1Y return: +189.6%
FINANCIAL HEALTH
23/25
25% WEIGHT
  • ROE: 34.3%
  • Profit margin: 18.7%
  • Revenue growth: 58.4%
  • Debt/Equity: 1%
GROWTH
23/25
25% WEIGHT
  • Revenue growth: 58.4%
  • Earnings growth: 104.0%
  • Beta: 0.48
  • Sector: Industrials
TECHNICAL
20/25
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
Insufficient P/E data
💎 Valuation & Financial Metrics
P/E RATIO
108.3x
Trailing twelve months
P/B RATIO
55.3x
Price to Book value
ROE
34.3%
Return on Equity
PROFIT MARGIN
18.7%
Net profit margin
OPM
26.1%
Operating profit margin
ANALYST TARGET
₹4,073
Range: ₹3,057 - ₹5,214
Yahoo Finance ↗
PEG RATIO
N/A
Price/Earnings to Growth
EV/EBITDA
77.3x
Enterprise value ratio
CURRENT RATIO
N/A
Liquidity measure
DIVIDEND YIELD
0.11%
Annual yield
ROA
4.2%
Return on Assets
GROSS MARGIN
43.6%
Gross profit margin
INDUSTRY AVERAGES — HEAVY ELECTRICAL EQUIPMENT
P/E 27.5x (above avg)
P/B 5.0x (sector fair)
ROCE 32.5%
ROE 20% (sector good)
OPM 20% (sector good)
Div Yield 0.12%
D/E <30 (sector comfort)
📋 Quarterly Performance Trend
QuarterRevenueQoQ %Net ProfitQoQ %Op. Cash FlowEBITDA Margin
Q2 FY25 ₹1,108 Cr— ₹145 Cr— N/A 18.8%
Q3 FY25 ₹1,074 Cr-3.1% ₹143 Cr-1.3% N/A 19.1%
Q4 FY25 ₹1,150 Cr+7.1% ₹186 Cr+30.7% N/A 23.8%
Q1 FY26 ₹1,330 Cr+15.6% ₹291 Cr+56.1% N/A 30.4%
Q3 FY26 ₹1,701 Cr+27.9% ₹291 Cr-0.1% N/A 23.8%
📊 Year-on-Year Trend
FYRevenueYoY %Net ProfitYoY %Op. Cash FlowYoY %
FY22 ₹3,066 Cr— ₹-50 Cr— ₹8 Cr—
FY23 ₹2,749 Cr-10.3% ₹-1 Cr+97.0% ₹-37 Cr-554.8%
FY24 ₹3,162 Cr+15.0% ₹181 Cr+12251.0% ₹518 Cr+1488.2%
FY25 ₹4,290 Cr+35.7% ₹608 Cr+236.0% ₹904 Cr+74.3%
📈 Revenue vs Earnings
🎯 EPS: Estimate vs Actual
💰 How GE Vernova T&D India Limited Makes Its Money
Revenue ₹1.7K Cr Cost of Revenue ₹975 Cr Gross Profit ₹725 Cr Op. Expenses ₹282 Cr Operating Inc. ₹443 Cr Tax ₹99 Cr Other ₹19 Cr Net Income ₹291 Cr (17.1% margin) Dec 2025 · All values in ₹ Crores
🏦 Snapshot of GE Vernova T&D India Limited's Balance Sheet
Total Assets ₹4.7K Cr Cash & Equiv.: ₹471 Cr (10.1%) Receivables: ₹1.5K Cr (31.5%) Inventory: ₹704 Cr (15.1%) Other Current: ₹1.0K Cr (22.1%) PP&E: ₹452 Cr (9.7%) Other Non-Curr.: ₹537 Cr (11.5%) Liab. + Equity ₹4.7K Cr Current Liab.: ₹2.8K Cr (59.9%) Long-Term Debt: ₹21 Cr (0.5%) Equity: ₹1.8K Cr (38.0%) As of Mar 2025 · All values in ₹ Crores
💸 Looking into GE Vernova T&D India Limited's Cash Flow
Operating CF ₹904 Cr Capital Exp. ₹87 Cr Free Cash Flow ₹816 Cr Dividends ₹51 Cr Retained / Other ₹765 Cr FY2025 · All values in ₹ Crores
📅 Quarterly Results Source: Screener ↗
Sales +
Expenses +
Operating Profit
OPM %
Other Income +
Interest
Depreciation
Profit before tax
Tax %
Net Profit +
EPS in Rs
Raw PDF
📊 Profit & Loss Statement Source: Screener ↗
Dec 2010
Sales +4,020
Expenses +3,547
Operating Profit473
OPM %12%
Other Income +17
Interest115
Depreciation94
Profit before tax282
Tax %34%
Net Profit +187
EPS in Rs7.81
Dividend Payout %23%
🏦 Balance Sheet Source: Screener ↗
Dec 2010
Equity Capital48
Reserves955
Borrowings +896
Other Liabilities +2,570
Total Liabilities4,468
Fixed Assets +872
CWIP22
Investments0
Other Assets +3,574
Total Assets4,468
💰 Cash Flow Statement Source: Screener ↗
Dec 2010
Cash from Operating Activity +108
Cash from Investing Activity +-113
Cash from Financing Activity +-7
Net Cash Flow-13
Free Cash Flow-6
CFO/OP35%
📈 Key Financial Ratios
Dec 2010
Debtor Days194
Inventory Days64
Days Payable120
Cash Conversion Cycle138
Working Capital Days81
ROCE %
🏭 Industry Peers — Heavy Electrical Equipment
#CompanyCMPP/EMkt CapROCEQtr ProfitScore
1Siemens Ener.Ind ★₹3,33397.3₹118,68467.8%+51.7%64
2GE Vernova T&D₹4,510103.3₹115,48554.7%+138.5%60
3Suzlon Energy₹5824.2₹78,35232.5%+15.1%55
4GE Power₹59723.9₹4,0136.1%+431.6%50
5Powerica Ltd₹48827.5₹6,17621.6%+245.3%49
6Transrail Light₹61818.6₹8,29735.2%+31.2%49
7A B B₹7,26892.3₹154,00829.9%-18.4%48
8KP Green Engg.₹43720.8₹2,18530.0%+112.5%48
9Atlanta Electric₹1,74285.8₹13,39850.2%+125.3%47
★ 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
Promoters51.00%51.00%51.00%51.00%51.00%51.00%
FIIs12.04%13.04%14.49%16.15%18.46%20.39%
DIIs28.40%28.18%26.75%25.20%23.27%21.39%
Public8.55%7.77%7.74%7.66%7.26%7.22%
No. of Shareholders87,00082,05490,6631,02,9341,03,2261,10,662
🟢 CATALYSTS
🏆Revenue Growth 58%: Above sector norm of 18% — strong top-line momentum.
💹High ROE (34.3%): Above sector norm of 20% — efficient capital use.
🔀Low Beta (0.48): Less volatile than market — defensive play.
🇮Earnings Growth (104%): Above sector norm — strong profit expansion.
🔴 RISKS
📜High P/E (108.3x): Well above sector expensive threshold of 50x — leaves little room for error.
💰High P/B (55.3x): Well above sector expensive threshold of 10x.
🔓Below Analyst Target: CMP above mean target — limited upside consensus.
🕸 Factor Analysis · Radar
Momentum 9/10: 1M +23.7%, 6M +46.9%, RSI 70, MACD bullish, Above 200DMA Sentiment 5/10: Analyst upside -9.6%, Rec: strong buy Value 1/10: P/E 108.3, P/B 55.3, EV/EBITDA 77.3 Quality 6/10: Margin 18.7%, D/E 1 Low Volatility 8/10: Beta 0.48, Ann. vol 42% Momentum 9 Sentiment 5 Value 1 Quality 6 Low Vol 8
Momentum 9/10
1M +23.7%, 6M +46.9%, RSI 70, MACD bullish, Above 200DMA
Sentiment 5/10
Analyst upside -9.6%, Rec: strong buy
Value 1/10
P/E 108.3, P/B 55.3, EV/EBITDA 77.3
Quality 6/10
Margin 18.7%, D/E 1
Low Volatility 8/10
Beta 0.48, Ann. vol 42%
🎯 Decision Matrix
ActionIf Stock RisesIf Stock Falls
BUYBenefit from potential re-ratingOPM of 26% provides margin buffer; P/E 108x vs sector median 27x is a risk
HOLDRetain existing position; wait for better entry; FII stake rising (+1.93%)Miss further upside if momentum continues; 1M return of +23.7% shows momentum
SELLLock in +189.6% 1Y return; redeploy into Siemens Ener.Ind at lower P/EAvoid further drawdown; P/E compression risk at 108x
REASONS TO BUY
  • FII stake rising (+1.93%) — signals institutional confidence
  • ROE of 34.3% above sector norm of 20%
  • Revenue growing at 58.4% YoY (sector norm: 6%)
  • Operating margin of 26% shows pricing power (sector norm: 20%)
REASONS TO SELL / AVOID
  • P/E of 108.3x is 3.9x the sector median of 27x
  • Siemens Ener.Ind offers lower P/E (97.3) with ROCE of 67.8% in the same sector
  • 1Y return of +189.6% — profit booking opportunity
  • Trading above analyst target — consensus sees -9.6% downside
📰 Latest News
GE Vernova T&D India Ltd (BOM:522275) Q3 2026 Earnings Call Highlights: Record Revenue ...
GuruFocus.com · 2026-01-28T21:02
MSCI to add Paytm, 3 other Indian stocks to flagship global index
Reuters · 2025-11-06T06:20
GE Vernova T&D India Ltd (BOM:522275) Q2 2026 Earnings Call Highlights: Robust Revenue ...
GuruFocus.com · 2025-11-03T19:00
RECOMMENDATION
HOLD
COMPOSITE SCORE
66/100
GE Vernova T&D India Limited trades at ₹4,503.80 with a composite risk score of 66/100. The stock scores 0/25 on valuation, 23/25 on financial health, 23/25 on growth, and 20/25 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 58.4% — 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.
PROFITABLE HIGH ROE STRONG GROWTH EXPENSIVE
RISK SCORE REPORT · NSE:GVT&D · GENERATED APR 29, 2026 06:31 IST · DATA VIA YAHOO FINANCE + SCREENER.IN
DISCLAIMER: THIS IS NOT FINANCIAL ADVICE. DATA MAY BE DELAYED. ALWAYS VERIFY WITH OFFICIAL SOURCES BEFORE INVESTING.