Power & Instrumentation (Gujarat) Ltd.

103.72-0.08%

2026-08-21

grouppower.orgBSE: 543912NSE: PIGL
Market Cap₹ 223 Cr.
Current Price₹ 104
High / Low₹ 190 / 88
Stock P/E15.3
Book Value₹ 74
Price to Book2.86
Dividend Yield0.00 %
ROCE19.9 %
ROE15.4 %
Face Value₹ 10

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ABOUT

KEY POINTS

PROS

  • Attractively priced for its growth - PEG of 0.3
  • Company maintains a comfortable, low leverage position

CONS

  • Operating cash flow has been negative in recent years
  • Receivables are growing faster than sales - a possible quality concern
  • Poor cash conversion - profits are not backed by operating cash flow (CFO/PAT -1.44x)
  • Equity base is being diluted - shares outstanding up 103.7%
  • Working capital days have increased from 126 to 174 days

* The pros and cons are machine generated based on quantitative rules.

Peer comparison

EDIT COLUMNS
S.No.NameCMP Rs.P/EMar Cap Rs.Cr.Div Yld %NP Qtr Rs.Cr.Qtr Profit Var %Sales Qtr Rs.Cr.Qtr Sales Var %ROCE %OPM %
1.LT4030.1033.42554487.790.944988.0315.5167941.746.6915.9812.00
2.RVNL223.1051.7146516.800.321595.201087.2643212.301005.5210.814.41
3.KPIL1377.0520.6923516.230.80311.5345.856407.973.8418.958.77
4.IRB18.9724.0122911.970.693062.701412.5821372.72918.2524.7653.93
5.CEMPRO1263.5036.0821705.360.24140.832.642720.927.0233.5310.09
6.ENGINERSIN236.9516.9813317.592.11157.94141.49819.84-5.8025.8420.61
7.TECHNOE997.7026.9211603.210.7093.33-31.44630.3419.8416.5415.79
8.IRCON122.6022.0211530.721.5592.03-43.921955.839.4912.699.81
9.KEC423.0520.3411261.591.3072.62-41.725023.540.0116.355.79
10.AFCONS277.9570.6510222.570.7230.30-77.952671.00-20.7512.889.42
11.WAAREERTL880.8018.099193.720.00118.9837.72924.2553.2381.9218.77
12.PIGL105.1515.30222.590.003.0416.3548.8918.3919.9110.26
Detailed Comparison with:

Quarterly Results

Consolidated Figures in Rs. Crores / View Standalone

Jun 2023
22
19
Operating Profit
OPM %
Other Income
0
Interest
1
Depreciation
0
1
Tax %
25.37%
Net Profit
0
2
Equity Capital
13
Reserves
0
Promoter Pledge %
0.00%
Equity Capital
13
Reserves
0
Promoter Pledge %
0.00%
Sep 2023
24
22
Operating Profit
OPM %
Other Income
0
Interest
1
Depreciation
0
2
Tax %
24.46%
Net Profit
0
1
Equity Capital
13
Reserves
0
Promoter Pledge %
0.00%
Equity Capital
13
Reserves
0
Promoter Pledge %
0.00%
Dec 2023
15
13
Operating Profit
OPM %
Other Income
0
Interest
1
Depreciation
0
1
Tax %
29.31%
Net Profit
0
1
Equity Capital
13
Reserves
0
Promoter Pledge %
0.00%
Equity Capital
13
Reserves
0
Promoter Pledge %
0.00%
Mar 2024
37
33
Operating Profit
OPM %
Other Income
1
Interest
1
Depreciation
0
3
Tax %
21.24%
Net Profit
0
2
Equity Capital
13
Reserves
0
Promoter Pledge %
0.00%
Equity Capital
13
Reserves
0
Promoter Pledge %
0.00%
Jun 2024
25
22
Operating Profit
OPM %
Other Income
1
Interest
1
Depreciation
0
2
Tax %
25.20%
Net Profit
2
4
Equity Capital
13
Reserves
0
Promoter Pledge %
0.00%
Equity Capital
13
Reserves
0
Promoter Pledge %
0.00%
Sep 2024
55
50
Operating Profit
OPM %
Other Income
1
Interest
1
Depreciation
0
5
Tax %
25.19%
Net Profit
4
3
Equity Capital
16
Reserves
0
Promoter Pledge %
0.00%
Equity Capital
16
Reserves
0
Promoter Pledge %
0.00%
Dec 2024
33
30
Operating Profit
OPM %
Other Income
1
Interest
1
Depreciation
0
4
Tax %
25.19%
Net Profit
3
2
Equity Capital
16
Reserves
0
Promoter Pledge %
0.00%
Equity Capital
16
Reserves
0
Promoter Pledge %
0.00%
Mar 2025
55
50
Operating Profit
OPM %
Other Income
0
Interest
1
Depreciation
0
4
Tax %
29.48%
Net Profit
3
1
Equity Capital
17
Reserves
0
Promoter Pledge %
0.00%
Equity Capital
17
Reserves
0
Promoter Pledge %
0.00%
Jun 2025
41
37
Operating Profit
OPM %
Other Income
0
Interest
1
Depreciation
0
4
Tax %
26.00%
Net Profit
3
2
Equity Capital
17
Reserves
0
Promoter Pledge %
0.00%
Equity Capital
17
Reserves
0
Promoter Pledge %
0.00%
Sep 2025
70
64
Operating Profit
OPM %
Other Income
1
Interest
1
Depreciation
0
6
Tax %
25.24%
Net Profit
5
3
Equity Capital
18
Reserves
0
Promoter Pledge %
0.00%
Equity Capital
18
Reserves
0
Promoter Pledge %
0.00%
Dec 2025
49
43
Operating Profit
OPM %
Other Income
0
Interest
1
Depreciation
0
5
Tax %
21.19%
Net Profit
4
2
Equity Capital
18
Reserves
0
Promoter Pledge %
0.00%
Equity Capital
18
Reserves
0
Promoter Pledge %
0.00%
Mar 2026
59
52
Operating Profit
OPM %
Other Income
0
Interest
2
Depreciation
0
5
Tax %
19.71%
Net Profit
4
2
Equity Capital
21
Reserves
0
Promoter Pledge %
0.00%
Equity Capital
21
Reserves
0
Promoter Pledge %
0.00%
Jun 2026
49
45
Operating Profit
OPM %
Other Income
0
Interest
1
Depreciation
0
4
Tax %
21.68%
Net Profit
3
0
Equity Capital
21
Reserves
0
Promoter Pledge %
0.00%
Equity Capital
21
Reserves
0
Promoter Pledge %
0.00%

Profit & Loss

Consolidated Figures in Rs. Crores / View Standalone

Mar 2022
91
84
Operating Profit
7
OPM %
8
Other Income
0
Interest
3
Depreciation
0
4
Tax %
31
Net Profit
3
EPS
3
Dividend Payout %
0
Minority Interest
0
Share of Associates
0
Adjusted EPS
3
Minority Interest
0
Share of Associates
0
Adjusted EPS
3
Mar 2023
93
86
Operating Profit
9
OPM %
9
Other Income
1
Interest
3
Depreciation
0
5
Tax %
27
Net Profit
4
EPS
3
Dividend Payout %
7
Minority Interest
0
Share of Associates
0
Adjusted EPS
3
Minority Interest
0
Share of Associates
0
Adjusted EPS
3
Mar 2024
97
87
Operating Profit
12
OPM %
13
Other Income
1
Interest
4
Depreciation
0
8
Tax %
24
Net Profit
6
EPS
5
Dividend Payout %
4
Minority Interest
0
Share of Associates
0
Adjusted EPS
5
Minority Interest
0
Share of Associates
0
Adjusted EPS
5
Mar 2025
169
152
Operating Profit
20
OPM %
12
Other Income
2
Interest
3
Depreciation
0
16
Tax %
26
Net Profit
12
EPS
7
Dividend Payout %
3
Minority Interest
0
Share of Associates
0
Adjusted EPS
7
Minority Interest
0
Share of Associates
0
Adjusted EPS
7
TTM
226
204
Operating Profit
OPM %
Other Income
2
Interest
5
Depreciation
1
20
Tax %
22
Net Profit
15
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:
5 Years:
3 Years:
23%

COMPOUNDED PROFIT GROWTH

10 Years:
5 Years:
3 Years:
59%

STOCK PRICE CAGR

10 Years:
5 Years:
7%
3 Years:
40%
1 Year:
-29%

RETURN ON EQUITY

10 Years:
5 Years:
3 Years:
12%
Last Year:
15%

Balance Sheet

Consolidated Figures in Rs. Crores / View Standalone

Corporate actions

2025

Sep 19

₹ 0.02

Rs.0.2000 per share(2%)Final Dividend

2024

Sep 23

₹ 0.02

Rs.0.2000 per share(2%)Final Dividend

2023

Sep 22

₹ 0.02

Rs.0.2000 per share(2%)Final Dividend

Mar 2022
Equity Capital
9
26
22
Trade Payables
28
12
Total Liabilities
97
1
Capital Work in Progress
0
17
0
78
Total Assets
97
Total Debt
28
Net Working Capital
26
Contingent Liabilities
0
Book Value per Share
40.03
Face Value
10.00
Total Debt
28
Net Working Capital
26
Contingent Liabilities
0
Book Value per Share
40.03
Face Value
10.00
Mar 2023
Equity Capital
13
32
22
Trade Payables
23
17
Total Liabilities
107
1
Capital Work in Progress
1
35
0
70
Total Assets
107
Total Debt
31
Net Working Capital
29
Contingent Liabilities
0
Book Value per Share
35.30
Face Value
10.00
Total Debt
31
Net Working Capital
29
Contingent Liabilities
0
Book Value per Share
35.30
Face Value
10.00
Mar 2024
Equity Capital
13
38
9
Trade Payables
33
14
Total Liabilities
107
1
Capital Work in Progress
1
41
31
34
Total Assets
107
Total Debt
14
Net Working Capital
35
Contingent Liabilities
22
Book Value per Share
39.99
Face Value
10.00
Total Debt
14
Net Working Capital
35
Contingent Liabilities
22
Book Value per Share
39.99
Face Value
10.00
Mar 2025
Equity Capital
17
85
12
Trade Payables
30
29
Total Liabilities
173
1
Capital Work in Progress
1
48
60
63
Total Assets
173
Total Debt
18
Net Working Capital
82
Contingent Liabilities
32
Book Value per Share
58.42
Face Value
10.00
Total Debt
18
Net Working Capital
82
Contingent Liabilities
32
Book Value per Share
58.42
Face Value
10.00

Cash Flows

Consolidated Figures in Rs. Crores / View Standalone

Mar 2022
-3
Cash from Investing
1
Cash from Financing
2
-0
Free Cash Flow
-3
OCF / Net Profit
-0.91
Cumulative 5-Year FCF
0
OCF / Net Profit
-0.91
Cumulative 5-Year FCF
0
Mar 2023
1
Cash from Investing
-4
Cash from Financing
4
0
Free Cash Flow
0
OCF / Net Profit
0.24
Cumulative 5-Year FCF
0
OCF / Net Profit
0.24
Cumulative 5-Year FCF
0
Mar 2024
8
Cash from Investing
-0
Cash from Financing
-8
0
Free Cash Flow
8
OCF / Net Profit
1.44
Cumulative 5-Year FCF
0
OCF / Net Profit
1.44
Cumulative 5-Year FCF
0
Mar 2025
-40
Cash from Investing
-12
Cash from Financing
52
-0
Free Cash Flow
-40
OCF / Net Profit
-3.40
Cumulative 5-Year FCF
0
OCF / Net Profit
-3.40
Cumulative 5-Year FCF
0

Ratios

Consolidated Figures in Rs. Crores / View Standalone

Mar 2022
EPS (₹)
3.38
Book Value (₹)
40.03
Dividend per Share (₹)
0.00
Cash EPS (₹)
3.82
Operating Margin %
8.00%
Net Margin %
3.15%
ROE %
8.38%
ROCE %
10.67%
2.98%
Debtor Days
221
Inventory Days
68
Payable Days
133
156
Debt to Equity (x)
0.82x
Interest Coverage (x)
2.52x
1.47x
Revenue Growth %
0.00%
Operating Profit Growth %
0.00%
Net Profit Growth %
0.00%
0.00%
P/E (x)
0.00x
P/B (x)
0.00x
Dividend Yield %
0.00%
0.00x
Mar 2023
EPS (₹)
2.88
Book Value (₹)
35.30
Dividend per Share (₹)
0.20
Cash EPS (₹)
3.09
Operating Margin %
9.08%
Net Margin %
3.83%
ROE %
9.14%
ROCE %
11.69%
3.56%
Debtor Days
181
Inventory Days
100
Payable Days
120
161
Debt to Equity (x)
0.71x
Interest Coverage (x)
2.47x
1.52x
Revenue Growth %
1.97%
Operating Profit Growth %
17.26%
Net Profit Growth %
25.35%
0.00%
P/E (x)
0.00x
P/B (x)
0.00x
Dividend Yield %
0.00%
0.00x
Mar 2024
EPS (₹)
4.67
Book Value (₹)
39.99
Dividend per Share (₹)
0.20
Cash EPS (₹)
4.84
Operating Margin %
10.90%
Net Margin %
5.85%
ROE %
12.38%
ROCE %
17.06%
5.51%
Debtor Days
125
Inventory Days
137
Payable Days
132
130
Debt to Equity (x)
0.28x
Interest Coverage (x)
2.75x
1.68x
Revenue Growth %
4.73%
Operating Profit Growth %
44.39%
Net Profit Growth %
63.16%
62.22%
P/E (x)
14.52x
P/B (x)
1.70x
Dividend Yield %
0.29%
8.06x
Mar 2025
EPS (₹)
6.73
Book Value (₹)
58.42
Dividend per Share (₹)
0.20
Cash EPS (₹)
6.87
Operating Margin %
10.01%
Net Margin %
6.86%
ROE %
15.40%
ROCE %
19.91%
8.39%
Debtor Days
97
Inventory Days
94
Payable Days
82
109
Debt to Equity (x)
0.18x
Interest Coverage (x)
5.72x
2.41x
Revenue Growth %
73.20%
Operating Profit Growth %
58.41%
Net Profit Growth %
99.49%
44.02%
P/E (x)
24.87x
P/B (x)
2.86x
Dividend Yield %
0.12%
15.85x

Shareholding Pattern

Numbers in percentages

TRADES
Jun 2024
52.09
0.00
0.00
Government
0.00
47.91
Sep 2024
40.95
0.00
0.00
Government
0.00
59.05
Dec 2024
40.95
0.00
0.00
Government
0.00
59.05
Mar 2025
45.71
0.00
0.00
Government
0.00
54.29
Jun 2025
45.71
0.00
0.08
Government
0.00
54.21
Sep 2025
46.09
0.00
0.00
Government
0.00
53.91
Dec 2025
46.28
0.00
0.00
Government
0.00
53.71
Mar 2026
50.69
0.01
0.75
Government
0.00
48.54
Jun 2026
50.69
0.00
0.82
Government
0.00
48.49

Documents

Announcements

  • Copy of Newspaper Publication

    2026-08-16 - Power & Instrumentation (Gujarat) Limited has informed the Exchange about Copy of Newspaper Publication

  • Outcome of Board Meeting

    2026-08-14 - Power & Instrumentation (Gujarat) Limited has submitted to the Exchange, the financial results for the period ended Jun 30, 2026.

Credit Ratings

Nothing filed yet.

Concalls