CG Power and Industrial Solutions Ltd.
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ABOUT
KEY POINTS
Revenue Breakup Mar 2026 • Industrial Systems: 54.7% • Power Systems: 45.3%
AI Sector View
AI GENERATEDCapital Goods
Capital goods is supported by strong public capex and still-expansionary industrial activity. Capital expenditure rose 66% YoY (2026-06), GST collections grew 8% YoY (2026-07), and the core industries Overall Index increased 5.4% YoY (2026-07). E-way bills slowed to 6% YoY (2026-07) and sector FPI flows show INR -9697 crore net outflow over 3 months to 2026-08-31, but the investment cycle and fiscal impulse remain favorable.
PROS
- Company is almost debt free
- Company has a healthy return on capital (ROCE) of 37.0%
- Company has a good return on equity (ROE) track record: 3 Years ROE 28.0%
- Company has delivered good sales growth of 35.0% CAGR over last 5 years
- Latest quarter profit grew 27.0% YoY, showing strong momentum
CONS
- Receivables are growing faster than sales - a possible quality concern
- Working capital days have increased from 58 to 107 days
- Stock is trading at 12.7x its book value
- Recurring exceptional / one-off items are inflating headline profit
- Expensive relative to growth - PEG of 5.6
* The pros and cons are machine generated based on quantitative rules.
Peer comparison
| Name | ||||||||||
|---|---|---|---|---|---|---|---|---|---|---|
| ABB | 7393.30 | 52.44 | 156670.22 | 0.53 | 3623.00 | 930.02 | 35588.70 | 1110.31 | 30.18 | 12.56 |
| CGPOWER | 927.00 | 116.83 | 146044.22 | 0.14 | 308.28 | 15.52 | 3280.81 | 13.99 | 27.94 | 12.11 |
| POWERINDIA | 31580.00 | 122.36 | 140759.52 | 0.03 | 2941.50 | 2135.18 | 24936.90 | 1586.18 | 28.73 | 14.58 |
| SIEMENS | 3947.50 | 42.92 | 140578.57 | 0.46 | 214.31 | -49.38 | 4713.70 | 8.44 | 21.42 | 9.14 |
| GVT&D | 4663.20 | 639.39 | 119399.62 | 0.21 | 362.99 | 24.65 | 1836.14 | 38.04 | 75.51 | 25.10 |
| ENRIN | 3179.80 | 76.10 | 113239.20 | 0.13 | 440.90 | 67.83 | 2485.60 | 39.28 | 40.19 | 23.56 |
| WAAREEENER | 2567.50 | 19.35 | 73854.48 | 0.16 | 891.87 | 15.39 | 7931.79 | 79.22 | 37.92 | 18.15 |
| APARINDS | 17440.85 | 61.81 | 73028.91 | 0.34 | 4674.50 | 1677.98 | 65910.60 | 1191.31 | 31.84 | 11.50 |
| HAVELLS | 1121.10 | 43.08 | 70355.94 | 0.89 | 289.71 | -16.64 | 6518.19 | 19.48 | 25.74 | 7.15 |
| SUZLON | 45.60 | 19.93 | 62680.10 | 0.00 | 305.22 | -5.89 | 3829.09 | 22.83 | 35.79 | 15.55 |
| SCHNEIDER | 1197.05 | 155.76 | 28621.95 | 0.00 | 12.44 | -69.84 | 651.36 | 4.78 | 31.01 | 5.23 |
| TDPOWERSYS | 755.00 | 85.79 | 23590.49 | 0.14 | 862.93 | 72.33 | 6400.54 | 72.10 | 34.01 | 19.00 |
Quarterly Results
Standalone Figures in Rs. Crores / View Consolidated
| 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 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 1,766 | 1,900 | 1,860 | 2,084 | 2,106 | 2,270 | 2,389 | 2,563 | 2,643 | 2,649 | 2,909 | 3,128 | 3,061 | |
| 1,515 | 1,605 | 1,613 | 1,803 | 1,793 | 1,984 | 2,060 | 2,226 | 2,270 | 2,279 | 2,502 | 2,643 | 2,655 | |
| Operating Profit | 251 | 295 | 247 | 281 | 313 | 286 | 329 | 338 | 374 | 370 | 408 | 485 | 406 |
| OPM % | 14.19% | 15.52% | 13.27% | 13.47% | 14.87% | 12.59% | 13.78% | 13.18% | 14.15% | 13.98% | 14.01% | 15.51% | 13.26% |
| 26 | 160 | 55 | 56 | 33 | 36 | 31 | 69 | 33 | 64 | 37 | 87 | 81 | |
| Interest | 1 | 0 | 1 | 1 | 1 | 2 | 1 | 3 | 1 | 2 | 2 | 3 | 2 |
| Depreciation | 20 | 19 | 19 | 20 | 21 | 21 | 22 | 23 | 23 | 24 | 24 | 23 | 28 |
| Profit before Tax | 256 | 436 | 282 | 316 | 325 | 298 | 338 | 381 | 383 | 409 | 419 | 547 | 487 |
| Tax % | 24.87% | 18.46% | 23.17% | 23.85% | 28.58% | 25.38% | 27.64% | 27.76% | 25.26% | 24.82% | 25.54% | 24.71% | 25.30% |
| Net Profit | 192 | 355 | 216 | 241 | 232 | 223 | 244 | 275 | 286 | 307 | 312 | 412 | 364 |
| 1.26 | 2.33 | 1.42 | 1.58 | 1.52 | 1.46 | 1.60 | 1.80 | 1.87 | 1.95 | 1.98 | 2.61 | 2.31 |
Profit & Loss
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | TTM | |
|---|---|---|---|---|---|---|---|---|---|---|---|
| 4,357 | 5,008 | 5,356 | 3,169 | 2,526 | 5,159 | 6,580 | 7,610 | 9,329 | 11,331 | 11,748 | |
| 4,045 | 4,711 | 5,057 | 3,066 | 2,411 | 4,562 | 5,643 | 6,534 | 8,056 | 9,690 | 10,079 | |
| Operating Profit | 312 | 297 | 299 | 103 | 114 | 597 | 937 | 1,076 | 1,273 | 1,641 | 1,669 |
| OPM % | 7.16% | 5.94% | 5.58% | 3.25% | 4.53% | 11.57% | 14.24% | 14.14% | 13.65% | 14.48% | 14.21% |
| 101 | 269 | -1,242 | -1,312 | 957 | 285 | 135 | 293 | 162 | 218 | 269 | |
| Interest | 164 | 302 | 337 | 248 | 166 | 66 | 15 | 3 | 6 | 7 | 9 |
| Depreciation | 92 | 102 | 104 | 91 | 81 | 74 | 75 | 78 | 86 | 94 | 100 |
| Profit before Tax | 157 | 162 | -1,384 | -1,548 | 824 | 742 | 983 | 1,289 | 1,342 | 1,757 | 1,861 |
| Tax % | 6.88% | 46.84% | -0.80% | 4.39% | 16.34% | 15.45% | 20.11% | 22.08% | 27.40% | 25.06% | 25.08% |
| Net Profit | 146 | 86 | -1,395 | -1,480 | 689 | 627 | 785 | 1,004 | 974 | 1,317 | 1,394 |
| EPS | 1.99 | 0.31 | -22.62 | -23.61 | 7.50 | 4.36 | 5.14 | 6.58 | 6.37 | 8.36 | — |
| Dividend Payout % | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 29.17% | 19.77% | 20.40% | 15.55% | — |
COMPOUNDED SALES GROWTH
- 10 Years:
- 11%
- 5 Years:
- 35%
- 3 Years:
- 20%
COMPOUNDED PROFIT GROWTH
- 10 Years:
- —
- 5 Years:
- 14%
- 3 Years:
- 19%
STOCK PRICE CAGR
- 10 Years:
- 28%
- 5 Years:
- 59%
- 3 Years:
- 27%
- 1 Year:
- 19%
RETURN ON EQUITY
- 10 Years:
- 20%
- 5 Years:
- 33%
- 3 Years:
- 28%
- Last Year:
- 22%
Balance Sheet
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Equity Capital | 125 | 125 | 125 | 125 | 268 | 288 | 305 | 305 | 306 | 315 |
| 4,074 | 4,029 | 2,388 | -442 | 729 | 1,511 | 2,119 | 2,919 | 3,729 | 7,841 | |
| 1,335 | 2,409 | 2,394 | 1,830 | 957 | 321 | 16 | 22 | 41 | 79 | |
| Trade Payables | 1,091 | 1,253 | 1,555 | 1,190 | 999 | 1,125 | 1,225 | 1,457 | 1,788 | 2,342 |
| 765 | 966 | 793 | -220 | 193 | -30 | 156 | 569 | 956 | 1,380 | |
| Total Liabilities | 7,391 | 8,783 | 7,255 | 2,483 | 3,145 | 3,216 | 3,820 | 5,272 | 6,820 | 11,957 |
| 1,279 | 1,337 | 1,007 | 883 | 801 | 768 | 771 | 831 | 855 | 912 | |
| Capital Work in Progress | 8 | 8 | 11 | 1 | 2 | 17 | 18 | 66 | 220 | 448 |
| 446 | 1,029 | 899 | 15 | 304 | 343 | 303 | 995 | 1,593 | 2,109 | |
| 751 | 414 | 531 | 273 | 382 | 447 | 490 | 690 | 1,033 | 1,352 | |
| 0 | 0 | 0 | 0 | 0 | 0 | 0 | 1,464 | 1,879 | 2,708 | |
| Cash & Bank | 556 | 194 | 120 | 141 | 393 | 413 | 646 | 781 | 796 | 830 |
| 4,352 | 5,801 | 4,686 | 1,171 | 1,263 | 1,228 | 1,592 | 446 | 444 | 3,598 | |
| Total Assets | 7,391 | 8,783 | 7,255 | 2,483 | 3,145 | 3,216 | 3,820 | 5,272 | 6,820 | 11,957 |
Cash Flows
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|
| -653 | -33 | 997 | 645 | -332 | 404 | 900 | 963 | 934 | 889 | |
| Cash from Investing | 190 | -340 | -642 | -142 | -4 | 190 | 7 | -1,215 | -887 | -3,535 |
| Cash from Financing | 588 | 338 | -430 | -497 | 596 | -675 | -585 | -243 | -174 | 2,781 |
| 44 | -61 | -89 | -3 | 256 | -36 | 313 | -495 | -128 | 135 |
Ratios
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|
Documents
Corporate disclosures, annual reports, credit ratings, and concall transcripts
2026-09-08 - CG Power and Industrial Solutions Limited has informed regarding Disclosure of material issue
2026-09-04 - CG Power and Industrial Solutions Limited has informed the Exchange regarding a press release dated September 04, 2026, titled "CG strengthens India s power infrastructure manufacturing capabilities with the roll out of first transformer from India s largest transformer manufacturing facility at Sehore, Madhya Pradesh ".
2026-09-04 - CG Power and Industrial Solutions Limited has informed the Exchange about Capacity addition
2026-09-01 - CG Power and Industrial Solutions Limited has informed the Exchange regarding Appointment of Mr Samit Khanna as Other of the company w.e.f. September 01, 2026.
2026-08-27 - CG Power and Industrial Solutions Limited has informed the Exchange about Copy of Newspaper Publication
2026-08-26 - CG Power and Industrial Solutions Limited has informed the Exchange regarding Notice of Postal Ballot
2026-08-20 - CGPOWER: CG Power and Industrial Solutions Limited has informed the Exchange about Update on the Acquisition of Tosil Systems Private Limited by Axiro Semiconductor Private Limited
2026-08-19 - CGPOWER: CG Power and Industrial Solutions Limited has informed the Exchange regarding Appointment of M/s. Price Waterhouse Chartered Accountants LLP as Statutory Auditors of the Company w.e.f. August 19, 2026.
2026-08-18 - CG Power and Industrial Solutions Limited has informed the Exchange about General Updates
News
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