GE Vernova T&D India Ltd.
•₹ 4,127.21.9%
2026-08-21
PROS
- Company has delivered good profit growth of 82.9% CAGR over last 5 years
- Company is almost debt free
- Company has a healthy return on capital (ROCE) of 51.9%
- Company has a good return on equity (ROE) track record: 3 Years ROE 37.1%
- Operating margins have improved to 27.5% from 5.6%
- Strong cash generation - operating cash flow backs reported profits (CFO/PAT 1.55x)
CONS
- Promoter holding has decreased over last 2 years: -24.0pp
- Stock is trading at 34.7x its book value
- Rich enterprise valuation - EV/EBITDA of 51.1x
* The pros and cons are machine generated based on quantitative rules.
Peer comparison
EDIT COLUMNS| S.No. | Name | CMP Rs. | P/E | Mar Cap Rs.Cr. | Div Yld % | NP Qtr Rs.Cr. | Qtr Profit Var % | Sales Qtr Rs.Cr. | Qtr Sales Var % | ROCE % | OPM % |
|---|---|---|---|---|---|---|---|---|---|---|---|
| 1. | ABB | 7470.00 | 52.98 | 158295.56 | 0.53 | 3623.00 | 930.02 | 35588.70 | 1110.31 | 30.18 | 12.56 |
| 2. | POWERINDIA | 33560.00 | 0.00 | 149584.85 | 0.02 | 294.15 | 123.52 | 2493.69 | 74.46 | 28.73 | 14.58 |
| 3. | SIEMENS | 3899.95 | 42.40 | 138885.22 | 0.46 | 214.31 | -49.38 | 4713.70 | 8.44 | 21.42 | 9.14 |
| 4. | CGPOWER | 875.00 | 110.28 | 137851.88 | 0.15 | 308.28 | 15.52 | 3280.81 | 13.99 | 27.94 | 12.11 |
| 5. | ENRIN | 3436.60 | 0.00 | 122384.37 | 0.12 | 4409.00 | 1578.34 | 24856.00 | 1292.81 | 40.19 | 23.56 |
| 6. | GVT&D | 4055.00 | 555.99 | 103826.87 | 0.25 | 362.99 | 24.65 | 1836.14 | 38.04 | 75.51 | 25.10 |
| 7. | HAVELLS | 1273.00 | 48.91 | 79888.60 | 0.79 | 289.71 | -16.64 | 6518.19 | 19.48 | 25.74 | 7.15 |
| 8. | WAAREEENER | 2684.00 | 20.23 | 77205.62 | 0.15 | 891.87 | 15.39 | 7931.79 | 79.22 | 34.71 | 18.15 |
| 9. | APARINDS | 16764.90 | 59.41 | 70198.55 | 0.36 | 4674.50 | 1677.98 | 65910.60 | 1191.31 | 33.47 | 11.50 |
| 10. | SUZLON | 47.05 | 20.57 | 64673.22 | 0.00 | 305.22 | -5.89 | 3829.09 | 22.83 | 35.79 | 15.55 |
| 11. | SCHNEIDER | 1241.90 | 0.00 | 29694.33 | 0.00 | 124.40 | 201.65 | 6513.60 | 947.83 | 31.01 | 5.23 |
| 12. | TDPOWERSYS | 1508.50 | 85.70 | 23567.06 | 0.14 | 86.29 | 72.33 | 640.05 | 72.10 | 34.01 | 19.00 |
Detailed Comparison with:
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 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 718 | 698 | 839 | 914 | 958 | 1,108 | 1,074 | 1,153 | 1,330 | 1,538 | 1,701 | 1,637 | 1,836 | |
| 667 | 637 | 742 | 803 | 776 | 903 | 894 | 900 | 943 | 1,142 | 1,246 | 1,192 | 1,391 | |
| Operating Profit | — | — | — | — | — | — | — | — | — | — | — | — | — |
| OPM % | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Other Income | 12 | 9 | -4 | 6 | 12 | 4 | 26 | 21 | 16 | 19 | 19 | 37 | 42 |
| Interest | 11 | 7 | 7 | 3 | 2 | 3 | 4 | 6 | 3 | 2 | 3 | 7 | 3 |
| Depreciation | 13 | 13 | 12 | 12 | 12 | 12 | 12 | 11 | 11 | 12 | 12 | 12 | 12 |
| 39 | 50 | 73 | 101 | 180 | 194 | 190 | 256 | 390 | 401 | 390 | 469 | 487 | |
| Tax % | 26.90% | 26.10% | 32.36% | 34.48% | 25.22% | 25.36% | 24.86% | 27.19% | 25.34% | 25.37% | 25.38% | 24.95% | 25.48% |
| Net Profit | 28 | 37 | 49 | 66 | 135 | 145 | 143 | 186 | 291 | 299 | 291 | 352 | 363 |
| 1 | 1 | 2 | 3 | 5 | 6 | 6 | 7 | 11 | 12 | 11 | 14 | 1 | |
| Equity Capital | 51 | 51 | 51 | 51 | 51 | 51 | 51 | 51 | 51 | 51 | 51 | 51 | 51 |
| Reserves | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Promoter Pledge % | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
| Equity Capital | 51 | 51 | 51 | 51 | 51 | 51 | 51 | 51 | 51 | 51 | 51 | 51 | 51 |
| Reserves | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Promoter Pledge % | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Jun 2023
- 718
- 667
- Operating Profit
- —
- OPM %
- —
- Other Income
- 12
- Interest
- 11
- Depreciation
- 13
- 39
- Tax %
- 26.90%
- Net Profit
- 28
- 1
- Equity Capital
- 51
- Reserves
- 0
- Promoter Pledge %
- 0.00%
- Equity Capital
- 51
- Reserves
- 0
- Promoter Pledge %
- 0.00%
Sep 2023
- 698
- 637
- Operating Profit
- —
- OPM %
- —
- Other Income
- 9
- Interest
- 7
- Depreciation
- 13
- 50
- Tax %
- 26.10%
- Net Profit
- 37
- 1
- Equity Capital
- 51
- Reserves
- 0
- Promoter Pledge %
- 0.00%
- Equity Capital
- 51
- Reserves
- 0
- Promoter Pledge %
- 0.00%
Dec 2023
- 839
- 742
- Operating Profit
- —
- OPM %
- —
- Other Income
- -4
- Interest
- 7
- Depreciation
- 12
- 73
- Tax %
- 32.36%
- Net Profit
- 49
- 2
- Equity Capital
- 51
- Reserves
- 0
- Promoter Pledge %
- 0.00%
- Equity Capital
- 51
- Reserves
- 0
- Promoter Pledge %
- 0.00%
Mar 2024
- 914
- 803
- Operating Profit
- —
- OPM %
- —
- Other Income
- 6
- Interest
- 3
- Depreciation
- 12
- 101
- Tax %
- 34.48%
- Net Profit
- 66
- 3
- Equity Capital
- 51
- Reserves
- 0
- Promoter Pledge %
- 0.00%
- Equity Capital
- 51
- Reserves
- 0
- Promoter Pledge %
- 0.00%
Jun 2024
- 958
- 776
- Operating Profit
- —
- OPM %
- —
- Other Income
- 12
- Interest
- 2
- Depreciation
- 12
- 180
- Tax %
- 25.22%
- Net Profit
- 135
- 5
- Equity Capital
- 51
- Reserves
- 0
- Promoter Pledge %
- 0.00%
- Equity Capital
- 51
- Reserves
- 0
- Promoter Pledge %
- 0.00%
Sep 2024
- 1,108
- 903
- Operating Profit
- —
- OPM %
- —
- Other Income
- 4
- Interest
- 3
- Depreciation
- 12
- 194
- Tax %
- 25.36%
- Net Profit
- 145
- 6
- Equity Capital
- 51
- Reserves
- 0
- Promoter Pledge %
- 0.00%
- Equity Capital
- 51
- Reserves
- 0
- Promoter Pledge %
- 0.00%
Dec 2024
- 1,074
- 894
- Operating Profit
- —
- OPM %
- —
- Other Income
- 26
- Interest
- 4
- Depreciation
- 12
- 190
- Tax %
- 24.86%
- Net Profit
- 143
- 6
- Equity Capital
- 51
- Reserves
- 0
- Promoter Pledge %
- 0.00%
- Equity Capital
- 51
- Reserves
- 0
- Promoter Pledge %
- 0.00%
Mar 2025
- 1,153
- 900
- Operating Profit
- —
- OPM %
- —
- Other Income
- 21
- Interest
- 6
- Depreciation
- 11
- 256
- Tax %
- 27.19%
- Net Profit
- 186
- 7
- Equity Capital
- 51
- Reserves
- 0
- Promoter Pledge %
- 0.00%
- Equity Capital
- 51
- Reserves
- 0
- Promoter Pledge %
- 0.00%
Jun 2025
- 1,330
- 943
- Operating Profit
- —
- OPM %
- —
- Other Income
- 16
- Interest
- 3
- Depreciation
- 11
- 390
- Tax %
- 25.34%
- Net Profit
- 291
- 11
- Equity Capital
- 51
- Reserves
- 0
- Promoter Pledge %
- 0.00%
- Equity Capital
- 51
- Reserves
- 0
- Promoter Pledge %
- 0.00%
Sep 2025
- 1,538
- 1,142
- Operating Profit
- —
- OPM %
- —
- Other Income
- 19
- Interest
- 2
- Depreciation
- 12
- 401
- Tax %
- 25.37%
- Net Profit
- 299
- 12
- Equity Capital
- 51
- Reserves
- 0
- Promoter Pledge %
- 0.00%
- Equity Capital
- 51
- Reserves
- 0
- Promoter Pledge %
- 0.00%
Dec 2025
- 1,701
- 1,246
- Operating Profit
- —
- OPM %
- —
- Other Income
- 19
- Interest
- 3
- Depreciation
- 12
- 390
- Tax %
- 25.38%
- Net Profit
- 291
- 11
- Equity Capital
- 51
- Reserves
- 0
- Promoter Pledge %
- 0.00%
- Equity Capital
- 51
- Reserves
- 0
- Promoter Pledge %
- 0.00%
Mar 2026
- 1,637
- 1,192
- Operating Profit
- —
- OPM %
- —
- Other Income
- 37
- Interest
- 7
- Depreciation
- 12
- 469
- Tax %
- 24.95%
- Net Profit
- 352
- 14
- Equity Capital
- 51
- Reserves
- 0
- Promoter Pledge %
- 0.00%
- Equity Capital
- 51
- Reserves
- 0
- Promoter Pledge %
- 0.00%
Jun 2026
- 1,836
- 1,391
- Operating Profit
- —
- OPM %
- —
- Other Income
- 42
- Interest
- 3
- Depreciation
- 12
- 487
- Tax %
- 25.48%
- Net Profit
- 363
- 1
- Equity Capital
- 51
- Reserves
- 0
- Promoter Pledge %
- 0.00%
- Equity Capital
- 51
- Reserves
- 0
- Promoter Pledge %
- 0.00%
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 | |
|---|---|---|---|---|---|---|---|---|---|---|---|
| 4,052 | 4,332 | 4,219 | 3,159 | 3,452 | 3,066 | 2,773 | 3,168 | 4,292 | 6,206 | 6,712 | |
| 3,996 | 4,057 | 3,774 | 3,355 | 3,282 | 3,222 | 2,659 | 2,836 | 3,467 | 4,502 | 4,971 | |
| Operating Profit | 197 | 515 | 503 | -137 | 236 | -63 | 155 | 354 | 894 | 1,795 | — |
| OPM % | 5 | 12 | 12 | -4 | 7 | -2 | 6 | 11 | 21 | 29 | — |
| Other Income | 141 | 240 | 58 | 60 | 66 | 93 | 40 | 23 | 68 | 91 | 116 |
| Interest | 182 | 106 | 85 | 87 | 84 | 59 | 61 | 41 | 27 | 35 | 15 |
| Depreciation | 88 | 90 | 83 | 78 | 66 | 58 | 55 | 50 | 47 | 46 | 47 |
| -73 | 319 | 335 | -356 | 89 | -69 | 27 | 263 | 820 | 1,650 | 1,747 | |
| Tax % | -18 | 35 | 36 | 15 | 32 | 29 | 106 | 31 | 26 | 25 | 25 |
| Net Profit | -87 | 209 | 213 | -303 | 60 | -50 | -1 | 181 | 608 | 1,233 | 1,305 |
| EPS | 0 | 0 | 0 | 0 | 2 | -2 | -0 | 7 | 24 | 48 | — |
| Dividend Payout % | -53 | 22 | 22 | 0 | 0 | 0 | 0 | 28 | 21 | 21 | — |
| Minority Interest | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Share of Associates | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Adjusted EPS | -3 | 8 | 8 | -12 | 2 | -2 | -0 | 7 | 24 | 48 | — |
| Minority Interest | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Share of Associates | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Adjusted EPS | -3 | 8 | 8 | -12 | 2 | -2 | -0 | 7 | 24 | 48 | — |
Mar 2017
- 4,052
- 3,996
- Operating Profit
- 197
- OPM %
- 5
- Other Income
- 141
- Interest
- 182
- Depreciation
- 88
- -73
- Tax %
- -18
- Net Profit
- -87
- EPS
- 0
- Dividend Payout %
- -53
- Minority Interest
- 0
- Share of Associates
- 0
- Adjusted EPS
- -3
- Minority Interest
- 0
- Share of Associates
- 0
- Adjusted EPS
- -3
Mar 2018
- 4,332
- 4,057
- Operating Profit
- 515
- OPM %
- 12
- Other Income
- 240
- Interest
- 106
- Depreciation
- 90
- 319
- Tax %
- 35
- Net Profit
- 209
- EPS
- 0
- Dividend Payout %
- 22
- Minority Interest
- 0
- Share of Associates
- 0
- Adjusted EPS
- 8
- Minority Interest
- 0
- Share of Associates
- 0
- Adjusted EPS
- 8
Mar 2019
- 4,219
- 3,774
- Operating Profit
- 503
- OPM %
- 12
- Other Income
- 58
- Interest
- 85
- Depreciation
- 83
- 335
- Tax %
- 36
- Net Profit
- 213
- EPS
- 0
- Dividend Payout %
- 22
- Minority Interest
- 0
- Share of Associates
- 0
- Adjusted EPS
- 8
- Minority Interest
- 0
- Share of Associates
- 0
- Adjusted EPS
- 8
Mar 2020
- 3,159
- 3,355
- Operating Profit
- -137
- OPM %
- -4
- Other Income
- 60
- Interest
- 87
- Depreciation
- 78
- -356
- Tax %
- 15
- Net Profit
- -303
- EPS
- 0
- Dividend Payout %
- 0
- Minority Interest
- 0
- Share of Associates
- 0
- Adjusted EPS
- -12
- Minority Interest
- 0
- Share of Associates
- 0
- Adjusted EPS
- -12
Mar 2021
- 3,452
- 3,282
- Operating Profit
- 236
- OPM %
- 7
- Other Income
- 66
- Interest
- 84
- Depreciation
- 66
- 89
- Tax %
- 32
- Net Profit
- 60
- EPS
- 2
- Dividend Payout %
- 0
- Minority Interest
- 0
- Share of Associates
- 0
- Adjusted EPS
- 2
- Minority Interest
- 0
- Share of Associates
- 0
- Adjusted EPS
- 2
Mar 2022
- 3,066
- 3,222
- Operating Profit
- -63
- OPM %
- -2
- Other Income
- 93
- Interest
- 59
- Depreciation
- 58
- -69
- Tax %
- 29
- Net Profit
- -50
- EPS
- -2
- Dividend Payout %
- 0
- Minority Interest
- 0
- Share of Associates
- 0
- Adjusted EPS
- -2
- Minority Interest
- 0
- Share of Associates
- 0
- Adjusted EPS
- -2
Mar 2023
- 2,773
- 2,659
- Operating Profit
- 155
- OPM %
- 6
- Other Income
- 40
- Interest
- 61
- Depreciation
- 55
- 27
- Tax %
- 106
- Net Profit
- -1
- EPS
- -0
- Dividend Payout %
- 0
- Minority Interest
- 0
- Share of Associates
- 0
- Adjusted EPS
- -0
- Minority Interest
- 0
- Share of Associates
- 0
- Adjusted EPS
- -0
Mar 2024
- 3,168
- 2,836
- Operating Profit
- 354
- OPM %
- 11
- Other Income
- 23
- Interest
- 41
- Depreciation
- 50
- 263
- Tax %
- 31
- Net Profit
- 181
- EPS
- 7
- Dividend Payout %
- 28
- Minority Interest
- 0
- Share of Associates
- 0
- Adjusted EPS
- 7
- Minority Interest
- 0
- Share of Associates
- 0
- Adjusted EPS
- 7
Mar 2025
- 4,292
- 3,467
- Operating Profit
- 894
- OPM %
- 21
- Other Income
- 68
- Interest
- 27
- Depreciation
- 47
- 820
- Tax %
- 26
- Net Profit
- 608
- EPS
- 24
- Dividend Payout %
- 21
- Minority Interest
- 0
- Share of Associates
- 0
- Adjusted EPS
- 24
- Minority Interest
- 0
- Share of Associates
- 0
- Adjusted EPS
- 24
Mar 2026
- 6,206
- 4,502
- Operating Profit
- 1,795
- OPM %
- 29
- Other Income
- 91
- Interest
- 35
- Depreciation
- 46
- 1,650
- Tax %
- 25
- Net Profit
- 1,233
- EPS
- 48
- Dividend Payout %
- 21
- Minority Interest
- 0
- Share of Associates
- 0
- Adjusted EPS
- 48
- Minority Interest
- 0
- Share of Associates
- 0
- Adjusted EPS
- 48
TTM
- 6,712
- 4,971
- Operating Profit
- —
- OPM %
- —
- Other Income
- 116
- Interest
- 15
- Depreciation
- 47
- 1,747
- Tax %
- 25
- Net Profit
- 1,305
- EPS
- —
- Dividend Payout %
- —
- Minority Interest
- 0
- Share of Associates
- 0
- Adjusted EPS
- —
- Minority Interest
- 0
- Share of Associates
- 0
- Adjusted EPS
- —
COMPOUNDED SALES GROWTH
- 10 Years:
- 7%
- 5 Years:
- 12%
- 3 Years:
- 31%
COMPOUNDED PROFIT GROWTH
- 10 Years:
- 43%
- 5 Years:
- 83%
- 3 Years:
- —
STOCK PRICE CAGR
- 10 Years:
- —
- 5 Years:
- —
- 3 Years:
- —
- 1 Year:
- 51%
RETURN ON EQUITY
- 10 Years:
- 11%
- 5 Years:
- 21%
- 3 Years:
- 37%
- Last Year:
- 55%
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 | |
|---|---|---|---|---|---|---|---|---|---|---|
| LIABILITIES | - | - | - | - | - | - | - | - | - | - |
| Equity Capital | 51 | 51 | 51 | 51 | 51 | 51 | 51 | 51 | 51 | 51 |
| 982 | 1,138 | 1,377 | 1,000 | 1,071 | 1,029 | 1,022 | 1,192 | 1,722 | 2,639 | |
| 518 | 100 | 81 | 490 | 221 | 163 | 220 | 0 | 0 | 0 | |
| Trade Payables | 1,663 | 1,709 | 1,155 | 996 | 1,116 | 1,111 | 1,061 | 886 | 1,026 | 1,580 |
| 2,587 | 2,568 | 2,482 | 2,537 | 2,524 | 2,312 | 2,243 | 2,434 | 3,015 | 5,006 | |
| Total Liabilities | 5,801 | 5,567 | 5,145 | 5,074 | 4,985 | 4,667 | 4,596 | 4,563 | 5,814 | 9,277 |
| ASSETS | - | - | - | - | - | - | - | - | - | - |
| 656 | 586 | 513 | 538 | 494 | 449 | 413 | 393 | 372 | 404 | |
| Capital Work in Progress | 25 | 18 | 5 | 12 | 22 | 9 | 9 | 11 | 47 | 65 |
| 1,120 | 1,026 | 634 | 649 | 580 | 623 | 644 | 589 | 704 | 1,228 | |
| 0 | 0 | 0 | 0 | 0 | 0 | 0 | 1,438 | 1,469 | 2,172 | |
| Cash & Bank | 72 | 532 | 60 | 60 | 60 | 82 | 47 | 134 | 473 | 1,528 |
| 3,929 | 3,405 | 3,933 | 3,815 | 3,830 | 3,504 | 3,483 | 1,998 | 2,749 | 3,880 | |
| Total Assets | 5,801 | 5,567 | 5,145 | 5,074 | 4,985 | 4,667 | 4,596 | 4,563 | 5,814 | 9,277 |
| Total Debt | 518 | 100 | 81 | 490 | 221 | 163 | 220 | 0 | 0 | 0 |
| Net Working Capital | 49 | 321 | 619 | 232 | 282 | 186 | 202 | 383 | 883 | 1,628 |
| Contingent Liabilities | 72 | 162 | 294 | 305 | 436 | 518 | 447 | 439 | 487 | 469 |
| Book Value per Share | 40.34 | 46.46 | 55.77 | 41.07 | 43.85 | 42.19 | 41.89 | 48.54 | 69.25 | 105.07 |
| Face Value | 2.00 | 2.00 | 2.00 | 2.00 | 2.00 | 2.00 | 2.00 | 2.00 | 2.00 | 2.00 |
| Total Debt | 518 | 100 | 81 | 490 | 221 | 163 | 220 | 0 | 0 | 0 |
| Net Working Capital | 49 | 321 | 619 | 232 | 282 | 186 | 202 | 383 | 883 | 1,628 |
| Contingent Liabilities | 72 | 162 | 294 | 305 | 436 | 518 | 447 | 439 | 487 | 469 |
| Book Value per Share | 40.34 | 46.46 | 55.77 | 41.07 | 43.85 | 42.19 | 41.89 | 48.54 | 69.25 | 105.07 |
| Face Value | 2.00 | 2.00 | 2.00 | 2.00 | 2.00 | 2.00 | 2.00 | 2.00 | 2.00 | 2.00 |
Mar 2017
- Equity Capital
- 51
- 982
- 518
- Trade Payables
- 1,663
- 2,587
- Total Liabilities
- 5,801
- 656
- Capital Work in Progress
- 25
- 1,120
- 0
- Cash & Bank
- 72
- 3,929
- Total Assets
- 5,801
- Total Debt
- 518
- Net Working Capital
- 49
- Contingent Liabilities
- 72
- Book Value per Share
- 40.34
- Face Value
- 2.00
- Total Debt
- 518
- Net Working Capital
- 49
- Contingent Liabilities
- 72
- Book Value per Share
- 40.34
- Face Value
- 2.00
Mar 2018
- Equity Capital
- 51
- 1,138
- 100
- Trade Payables
- 1,709
- 2,568
- Total Liabilities
- 5,567
- 586
- Capital Work in Progress
- 18
- 1,026
- 0
- Cash & Bank
- 532
- 3,405
- Total Assets
- 5,567
- Total Debt
- 100
- Net Working Capital
- 321
- Contingent Liabilities
- 162
- Book Value per Share
- 46.46
- Face Value
- 2.00
- Total Debt
- 100
- Net Working Capital
- 321
- Contingent Liabilities
- 162
- Book Value per Share
- 46.46
- Face Value
- 2.00
Mar 2019
- Equity Capital
- 51
- 1,377
- 81
- Trade Payables
- 1,155
- 2,482
- Total Liabilities
- 5,145
- 513
- Capital Work in Progress
- 5
- 634
- 0
- Cash & Bank
- 60
- 3,933
- Total Assets
- 5,145
- Total Debt
- 81
- Net Working Capital
- 619
- Contingent Liabilities
- 294
- Book Value per Share
- 55.77
- Face Value
- 2.00
- Total Debt
- 81
- Net Working Capital
- 619
- Contingent Liabilities
- 294
- Book Value per Share
- 55.77
- Face Value
- 2.00
Mar 2020
- Equity Capital
- 51
- 1,000
- 490
- Trade Payables
- 996
- 2,537
- Total Liabilities
- 5,074
- 538
- Capital Work in Progress
- 12
- 649
- 0
- Cash & Bank
- 60
- 3,815
- Total Assets
- 5,074
- Total Debt
- 490
- Net Working Capital
- 232
- Contingent Liabilities
- 305
- Book Value per Share
- 41.07
- Face Value
- 2.00
- Total Debt
- 490
- Net Working Capital
- 232
- Contingent Liabilities
- 305
- Book Value per Share
- 41.07
- Face Value
- 2.00
Mar 2021
- Equity Capital
- 51
- 1,071
- 221
- Trade Payables
- 1,116
- 2,524
- Total Liabilities
- 4,985
- 494
- Capital Work in Progress
- 22
- 580
- 0
- Cash & Bank
- 60
- 3,830
- Total Assets
- 4,985
- Total Debt
- 221
- Net Working Capital
- 282
- Contingent Liabilities
- 436
- Book Value per Share
- 43.85
- Face Value
- 2.00
- Total Debt
- 221
- Net Working Capital
- 282
- Contingent Liabilities
- 436
- Book Value per Share
- 43.85
- Face Value
- 2.00
Mar 2022
- Equity Capital
- 51
- 1,029
- 163
- Trade Payables
- 1,111
- 2,312
- Total Liabilities
- 4,667
- 449
- Capital Work in Progress
- 9
- 623
- 0
- Cash & Bank
- 82
- 3,504
- Total Assets
- 4,667
- Total Debt
- 163
- Net Working Capital
- 186
- Contingent Liabilities
- 518
- Book Value per Share
- 42.19
- Face Value
- 2.00
- Total Debt
- 163
- Net Working Capital
- 186
- Contingent Liabilities
- 518
- Book Value per Share
- 42.19
- Face Value
- 2.00
Mar 2023
- Equity Capital
- 51
- 1,022
- 220
- Trade Payables
- 1,061
- 2,243
- Total Liabilities
- 4,596
- 413
- Capital Work in Progress
- 9
- 644
- 0
- Cash & Bank
- 47
- 3,483
- Total Assets
- 4,596
- Total Debt
- 220
- Net Working Capital
- 202
- Contingent Liabilities
- 447
- Book Value per Share
- 41.89
- Face Value
- 2.00
- Total Debt
- 220
- Net Working Capital
- 202
- Contingent Liabilities
- 447
- Book Value per Share
- 41.89
- Face Value
- 2.00
Mar 2024
- Equity Capital
- 51
- 1,192
- 0
- Trade Payables
- 886
- 2,434
- Total Liabilities
- 4,563
- 393
- Capital Work in Progress
- 11
- 589
- 1,438
- Cash & Bank
- 134
- 1,998
- Total Assets
- 4,563
- Total Debt
- 0
- Net Working Capital
- 383
- Contingent Liabilities
- 439
- Book Value per Share
- 48.54
- Face Value
- 2.00
- Total Debt
- 0
- Net Working Capital
- 383
- Contingent Liabilities
- 439
- Book Value per Share
- 48.54
- Face Value
- 2.00
Mar 2025
- Equity Capital
- 51
- 1,722
- 0
- Trade Payables
- 1,026
- 3,015
- Total Liabilities
- 5,814
- 372
- Capital Work in Progress
- 47
- 704
- 1,469
- Cash & Bank
- 473
- 2,749
- Total Assets
- 5,814
- Total Debt
- 0
- Net Working Capital
- 883
- Contingent Liabilities
- 487
- Book Value per Share
- 69.25
- Face Value
- 2.00
- Total Debt
- 0
- Net Working Capital
- 883
- Contingent Liabilities
- 487
- Book Value per Share
- 69.25
- Face Value
- 2.00
Mar 2026
- Equity Capital
- 51
- 2,639
- 0
- Trade Payables
- 1,580
- 5,006
- Total Liabilities
- 9,277
- 404
- Capital Work in Progress
- 65
- 1,228
- 2,172
- Cash & Bank
- 1,528
- 3,880
- Total Assets
- 9,277
- Total Debt
- 0
- Net Working Capital
- 1,628
- Contingent Liabilities
- 469
- Book Value per Share
- 105.07
- Face Value
- 2.00
- Total Debt
- 0
- Net Working Capital
- 1,628
- Contingent Liabilities
- 469
- Book Value per Share
- 105.07
- Face Value
- 2.00
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 | |
|---|---|---|---|---|---|---|---|---|---|---|
| 188 | 1,054 | -355 | -260 | 311 | 8 | -37 | 518 | 904 | 1,710 | |
| Cash from Investing | -46 | -305 | 287 | -31 | 12 | 116 | 3 | -172 | -496 | -511 |
| Cash from Financing | -131 | -585 | -114 | 290 | -324 | -102 | 9 | -259 | -69 | -147 |
| 12 | 165 | -183 | -0 | -1 | 22 | -26 | 87 | 339 | 1,052 | |
| Free Cash Flow | 137 | 1,051 | -355 | -370 | 285 | 8 | -37 | 493 | 847 | 1,646 |
| OCF / Net Profit | -2.17 | 5.05 | -1.67 | 0.86 | 5.15 | -0.17 | 25.06 | 2.86 | 1.49 | 1.39 |
| Cumulative 5-Year FCF | 0 | 0 | 0 | 0 | 747 | 619 | -469 | 379 | 1,596 | 2,957 |
| OCF / Net Profit | -2.17 | 5.05 | -1.67 | 0.86 | 5.15 | -0.17 | 25.06 | 2.86 | 1.49 | 1.39 |
| Cumulative 5-Year FCF | 0 | 0 | 0 | 0 | 747 | 619 | -469 | 379 | 1,596 | 2,957 |
Mar 2017
- 188
- Cash from Investing
- -46
- Cash from Financing
- -131
- 12
- Free Cash Flow
- 137
- OCF / Net Profit
- -2.17
- Cumulative 5-Year FCF
- 0
- OCF / Net Profit
- -2.17
- Cumulative 5-Year FCF
- 0
Mar 2018
- 1,054
- Cash from Investing
- -305
- Cash from Financing
- -585
- 165
- Free Cash Flow
- 1,051
- OCF / Net Profit
- 5.05
- Cumulative 5-Year FCF
- 0
- OCF / Net Profit
- 5.05
- Cumulative 5-Year FCF
- 0
Mar 2019
- -355
- Cash from Investing
- 287
- Cash from Financing
- -114
- -183
- Free Cash Flow
- -355
- OCF / Net Profit
- -1.67
- Cumulative 5-Year FCF
- 0
- OCF / Net Profit
- -1.67
- Cumulative 5-Year FCF
- 0
Mar 2020
- -260
- Cash from Investing
- -31
- Cash from Financing
- 290
- -0
- Free Cash Flow
- -370
- OCF / Net Profit
- 0.86
- Cumulative 5-Year FCF
- 0
- OCF / Net Profit
- 0.86
- Cumulative 5-Year FCF
- 0
Mar 2021
- 311
- Cash from Investing
- 12
- Cash from Financing
- -324
- -1
- Free Cash Flow
- 285
- OCF / Net Profit
- 5.15
- Cumulative 5-Year FCF
- 747
- OCF / Net Profit
- 5.15
- Cumulative 5-Year FCF
- 747
Mar 2022
- 8
- Cash from Investing
- 116
- Cash from Financing
- -102
- 22
- Free Cash Flow
- 8
- OCF / Net Profit
- -0.17
- Cumulative 5-Year FCF
- 619
- OCF / Net Profit
- -0.17
- Cumulative 5-Year FCF
- 619
Mar 2023
- -37
- Cash from Investing
- 3
- Cash from Financing
- 9
- -26
- Free Cash Flow
- -37
- OCF / Net Profit
- 25.06
- Cumulative 5-Year FCF
- -469
- OCF / Net Profit
- 25.06
- Cumulative 5-Year FCF
- -469
Mar 2024
- 518
- Cash from Investing
- -172
- Cash from Financing
- -259
- 87
- Free Cash Flow
- 493
- OCF / Net Profit
- 2.86
- Cumulative 5-Year FCF
- 379
- OCF / Net Profit
- 2.86
- Cumulative 5-Year FCF
- 379
Mar 2025
- 904
- Cash from Investing
- -496
- Cash from Financing
- -69
- 339
- Free Cash Flow
- 847
- OCF / Net Profit
- 1.49
- Cumulative 5-Year FCF
- 1,596
- OCF / Net Profit
- 1.49
- Cumulative 5-Year FCF
- 1,596
Mar 2026
- 1,710
- Cash from Investing
- -511
- Cash from Financing
- -147
- 1,052
- Free Cash Flow
- 1,646
- OCF / Net Profit
- 1.39
- Cumulative 5-Year FCF
- 2,957
- OCF / Net Profit
- 1.39
- Cumulative 5-Year FCF
- 2,957
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 | |
|---|---|---|---|---|---|---|---|---|---|---|
| PER SHARE | - | - | - | - | - | - | - | - | - | - |
| EPS (₹) | -3.38 | 8.15 | 8.31 | -11.82 | 2.36 | -1.94 | -0.06 | 7.07 | 23.76 | 48.16 |
| Book Value (₹) | 40.34 | 46.46 | 55.77 | 41.07 | 43.85 | 42.19 | 41.89 | 48.54 | 69.25 | 105.07 |
| Dividend per Share (₹) | 1.80 | 1.80 | 1.80 | 0.00 | 0.00 | 0.00 | 0.00 | 2.00 | 5.00 | 10.00 |
| Cash EPS (₹) | 0.06 | 11.66 | 11.56 | -8.75 | 4.92 | 0.32 | 2.10 | 9.03 | 25.61 | 49.98 |
| PROFITABILITY | - | - | - | - | - | - | - | - | - | - |
| Operating Margin % | 4.63% | 11.73% | 11.92% | -4.33% | 6.84% | -2.06% | 5.59% | 10.47% | 19.23% | 27.46% |
| Net Margin % | -2.03% | 4.76% | 5.04% | -9.58% | 1.75% | -1.62% | -0.05% | 5.72% | 14.17% | 19.87% |
| ROE % | -7.84% | 18.79% | 16.25% | -24.41% | 5.55% | -4.50% | -0.14% | 15.64% | 40.34% | 55.26% |
| ROCE % | 6.75% | 29.90% | 29.99% | -17.62% | 12.05% | -0.84% | 6.96% | 23.97% | 56.11% | 75.51% |
| -1.66% | 3.67% | 3.97% | -5.92% | 1.20% | -1.03% | -0.03% | 3.95% | 11.73% | 16.34% | |
| EFFICIENCY | - | - | - | - | - | - | - | - | - | - |
| Debtor Days | 186 | 169 | 165 | 226 | 201 | 206 | 205 | 172 | 124 | 107 |
| Inventory Days | 90 | 89 | 72 | 74 | 65 | 72 | 83 | 71 | 55 | 57 |
| Payable Days | 208 | 205 | 187 | 172 | 152 | 171 | 201 | 171 | 136 | 140 |
| 68 | 54 | 50 | 129 | 114 | 107 | 87 | 72 | 42 | 24 | |
| FINANCIAL HEALTH | - | - | - | - | - | - | - | - | - | - |
| Debt to Equity (x) | 0.50x | 0.08x | 0.06x | 0.47x | 0.20x | 0.15x | 0.20x | 0.00x | 0.00x | 0.00x |
| Interest Coverage (x) | 0.60x | 4.01x | 4.94x | -3.09x | 2.06x | -0.19x | 1.44x | 7.43x | 31.80x | 47.60x |
| 1.01x | 1.09x | 1.21x | 1.07x | 1.09x | 1.06x | 1.07x | 1.14x | 1.27x | 1.29x | |
| GROWTH | - | - | - | - | - | - | - | - | - | - |
| Revenue Growth % | 22.67% | 6.90% | -2.61% | -25.13% | 9.30% | -11.19% | -9.55% | 14.23% | 35.49% | 44.59% |
| Operating Profit Growth % | -20.80% | 160.79% | -2.28% | -127.19% | 272.66% | -126.79% | 345.07% | 128.49% | 152.34% | 100.89% |
| Net Profit Growth % | -351.19% | 340.90% | 1.87% | -242.27% | 119.94% | -182.26% | 97.00% | 0.00% | 236.00% | 102.73% |
| 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 236.00% | 102.73% | |
| VALUATION | - | - | - | - | - | - | - | - | - | - |
| P/E (x) | 0.00x | 0.00x | 0.00x | 0.00x | 0.00x | 0.00x | 0.00x | 120.29x | 65.36x | 75.60x |
| P/B (x) | 0.00x | 0.00x | 0.00x | 0.00x | 0.00x | 0.00x | 0.00x | 17.52x | 22.42x | 34.66x |
| Dividend Yield % | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.24% | 0.32% | 0.27% |
| 0.00x | 0.00x | 0.00x | 0.00x | 0.00x | 0.00x | 0.00x | 61.12x | 43.96x | 51.09x |
Mar 2017
- EPS (₹)
- -3.38
- Book Value (₹)
- 40.34
- Dividend per Share (₹)
- 1.80
- Cash EPS (₹)
- 0.06
- Operating Margin %
- 4.63%
- Net Margin %
- -2.03%
- ROE %
- -7.84%
- ROCE %
- 6.75%
- -1.66%
- Debtor Days
- 186
- Inventory Days
- 90
- Payable Days
- 208
- 68
- Debt to Equity (x)
- 0.50x
- Interest Coverage (x)
- 0.60x
- 1.01x
- Revenue Growth %
- 22.67%
- Operating Profit Growth %
- -20.80%
- Net Profit Growth %
- -351.19%
- 0.00%
- P/E (x)
- 0.00x
- P/B (x)
- 0.00x
- Dividend Yield %
- 0.00%
- 0.00x
Mar 2018
- EPS (₹)
- 8.15
- Book Value (₹)
- 46.46
- Dividend per Share (₹)
- 1.80
- Cash EPS (₹)
- 11.66
- Operating Margin %
- 11.73%
- Net Margin %
- 4.76%
- ROE %
- 18.79%
- ROCE %
- 29.90%
- 3.67%
- Debtor Days
- 169
- Inventory Days
- 89
- Payable Days
- 205
- 54
- Debt to Equity (x)
- 0.08x
- Interest Coverage (x)
- 4.01x
- 1.09x
- Revenue Growth %
- 6.90%
- Operating Profit Growth %
- 160.79%
- Net Profit Growth %
- 340.90%
- 0.00%
- P/E (x)
- 0.00x
- P/B (x)
- 0.00x
- Dividend Yield %
- 0.00%
- 0.00x
Mar 2019
- EPS (₹)
- 8.31
- Book Value (₹)
- 55.77
- Dividend per Share (₹)
- 1.80
- Cash EPS (₹)
- 11.56
- Operating Margin %
- 11.92%
- Net Margin %
- 5.04%
- ROE %
- 16.25%
- ROCE %
- 29.99%
- 3.97%
- Debtor Days
- 165
- Inventory Days
- 72
- Payable Days
- 187
- 50
- Debt to Equity (x)
- 0.06x
- Interest Coverage (x)
- 4.94x
- 1.21x
- Revenue Growth %
- -2.61%
- Operating Profit Growth %
- -2.28%
- Net Profit Growth %
- 1.87%
- 0.00%
- P/E (x)
- 0.00x
- P/B (x)
- 0.00x
- Dividend Yield %
- 0.00%
- 0.00x
Mar 2020
- EPS (₹)
- -11.82
- Book Value (₹)
- 41.07
- Dividend per Share (₹)
- 0.00
- Cash EPS (₹)
- -8.75
- Operating Margin %
- -4.33%
- Net Margin %
- -9.58%
- ROE %
- -24.41%
- ROCE %
- -17.62%
- -5.92%
- Debtor Days
- 226
- Inventory Days
- 74
- Payable Days
- 172
- 129
- Debt to Equity (x)
- 0.47x
- Interest Coverage (x)
- -3.09x
- 1.07x
- Revenue Growth %
- -25.13%
- Operating Profit Growth %
- -127.19%
- Net Profit Growth %
- -242.27%
- 0.00%
- P/E (x)
- 0.00x
- P/B (x)
- 0.00x
- Dividend Yield %
- 0.00%
- 0.00x
Mar 2021
- EPS (₹)
- 2.36
- Book Value (₹)
- 43.85
- Dividend per Share (₹)
- 0.00
- Cash EPS (₹)
- 4.92
- Operating Margin %
- 6.84%
- Net Margin %
- 1.75%
- ROE %
- 5.55%
- ROCE %
- 12.05%
- 1.20%
- Debtor Days
- 201
- Inventory Days
- 65
- Payable Days
- 152
- 114
- Debt to Equity (x)
- 0.20x
- Interest Coverage (x)
- 2.06x
- 1.09x
- Revenue Growth %
- 9.30%
- Operating Profit Growth %
- 272.66%
- Net Profit Growth %
- 119.94%
- 0.00%
- P/E (x)
- 0.00x
- P/B (x)
- 0.00x
- Dividend Yield %
- 0.00%
- 0.00x
Mar 2022
- EPS (₹)
- -1.94
- Book Value (₹)
- 42.19
- Dividend per Share (₹)
- 0.00
- Cash EPS (₹)
- 0.32
- Operating Margin %
- -2.06%
- Net Margin %
- -1.62%
- ROE %
- -4.50%
- ROCE %
- -0.84%
- -1.03%
- Debtor Days
- 206
- Inventory Days
- 72
- Payable Days
- 171
- 107
- Debt to Equity (x)
- 0.15x
- Interest Coverage (x)
- -0.19x
- 1.06x
- Revenue Growth %
- -11.19%
- Operating Profit Growth %
- -126.79%
- Net Profit Growth %
- -182.26%
- 0.00%
- P/E (x)
- 0.00x
- P/B (x)
- 0.00x
- Dividend Yield %
- 0.00%
- 0.00x
Mar 2023
- EPS (₹)
- -0.06
- Book Value (₹)
- 41.89
- Dividend per Share (₹)
- 0.00
- Cash EPS (₹)
- 2.10
- Operating Margin %
- 5.59%
- Net Margin %
- -0.05%
- ROE %
- -0.14%
- ROCE %
- 6.96%
- -0.03%
- Debtor Days
- 205
- Inventory Days
- 83
- Payable Days
- 201
- 87
- Debt to Equity (x)
- 0.20x
- Interest Coverage (x)
- 1.44x
- 1.07x
- Revenue Growth %
- -9.55%
- Operating Profit Growth %
- 345.07%
- Net Profit Growth %
- 97.00%
- 0.00%
- P/E (x)
- 0.00x
- P/B (x)
- 0.00x
- Dividend Yield %
- 0.00%
- 0.00x
Mar 2024
- EPS (₹)
- 7.07
- Book Value (₹)
- 48.54
- Dividend per Share (₹)
- 2.00
- Cash EPS (₹)
- 9.03
- Operating Margin %
- 10.47%
- Net Margin %
- 5.72%
- ROE %
- 15.64%
- ROCE %
- 23.97%
- 3.95%
- Debtor Days
- 172
- Inventory Days
- 71
- Payable Days
- 171
- 72
- Debt to Equity (x)
- 0.00x
- Interest Coverage (x)
- 7.43x
- 1.14x
- Revenue Growth %
- 14.23%
- Operating Profit Growth %
- 128.49%
- Net Profit Growth %
- 0.00%
- 0.00%
- P/E (x)
- 120.29x
- P/B (x)
- 17.52x
- Dividend Yield %
- 0.24%
- 61.12x
Mar 2025
- EPS (₹)
- 23.76
- Book Value (₹)
- 69.25
- Dividend per Share (₹)
- 5.00
- Cash EPS (₹)
- 25.61
- Operating Margin %
- 19.23%
- Net Margin %
- 14.17%
- ROE %
- 40.34%
- ROCE %
- 56.11%
- 11.73%
- Debtor Days
- 124
- Inventory Days
- 55
- Payable Days
- 136
- 42
- Debt to Equity (x)
- 0.00x
- Interest Coverage (x)
- 31.80x
- 1.27x
- Revenue Growth %
- 35.49%
- Operating Profit Growth %
- 152.34%
- Net Profit Growth %
- 236.00%
- 236.00%
- P/E (x)
- 65.36x
- P/B (x)
- 22.42x
- Dividend Yield %
- 0.32%
- 43.96x
Mar 2026
- EPS (₹)
- 48.16
- Book Value (₹)
- 105.07
- Dividend per Share (₹)
- 10.00
- Cash EPS (₹)
- 49.98
- Operating Margin %
- 27.46%
- Net Margin %
- 19.87%
- ROE %
- 55.26%
- ROCE %
- 75.51%
- 16.34%
- Debtor Days
- 107
- Inventory Days
- 57
- Payable Days
- 140
- 24
- Debt to Equity (x)
- 0.00x
- Interest Coverage (x)
- 47.60x
- 1.29x
- Revenue Growth %
- 44.59%
- Operating Profit Growth %
- 100.89%
- Net Profit Growth %
- 102.73%
- 102.73%
- P/E (x)
- 75.60x
- P/B (x)
- 34.66x
- Dividend Yield %
- 0.27%
- 51.09x
Documents
Announcements
- Copy of Newspaper Publication
2026-08-14 - GE Vernova T&D India Limited has informed the Exchange about Copy of Newspaper Publication
- Analysts/Institutional Investor Meet/Con. Call Updates
2026-08-14 - GE Vernova T&D India Limited has informed the Exchange about Transcript
Annual Reports
Credit Ratings
- Credit Rating- Revision
2026-07-27 - GE Vernova T&D India Limited has informed the Exchange about Credit Rating- Revision
Concalls
Aug 2026
Jun 2026
May 2026