Cg Power And Industrial Solutions Limited (CGPOWER)

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Cg Power And Industrial Solutions Limited (CGPOWER) · mywealthgrid

About

Heavy electrical equipment manufacturer in Industrials sector. Market cap ₹1.4 lakh crore. Recent quarters show revenue ₹2.6–3.4 crore, net profit ₹2.8–4.1 crore, operating margins 13%.

Founded: 1878
Face value: ₹2

Market cap

₹1,38,443 Cr

P/E

142.3×

P/B

17.4×

Dividend yield

0.3%

ROE

20.4%

ROCE

26.2%

Debt / equity

OPM

13.1%

EPS (TTM)

₹6.2

Book value

₹50.6

52-week high

—

52-week low

Key insights

Company research notes and source-linked reviews

Key risks

PE ratio 144x extremely elevated — implies market pricing significant growth. Stock trades near 52-week highs despite no visible revenue growth; multiple compression risk if growth stalls.
Operating margin compression: Q1 FY27 OPM 12.11% vs. Q3 FY26 peak 15.51%. Verify if decline reflects product mix, pricing power limits, or operational challenge.
Revenue trend unclear: quarterly range ₹2.6–3.4 crore over eight quarters shows no growth trajectory. Verify if demand is cyclical, seasonal, or stalling.

Generated analysis · source review pending

Growth drivers

ROE 21.96% exceeds typical cost of capital; if sustained, compounds per-share value.
Zero D/E provides financing flexibility for growth capex or acquisitions without leverage risk.
Quarterly revenue previously peaked ₹3.4 crore; sustaining that run-rate would drive earnings given current margin structure.

Generated analysis · source review pending

2,528 historical price candles were omitted because the exchange source has not been verified.

₹879.0+2.4%1Y

Quick read

rule-based

Pros

+Strong return on equity of 36.1% (3-yr avg)
+High return on capital employed of 34.2%
+Revenue CAGR of 33.2% over the last 5 years
+Almost debt-free (debt/equity 0)
+Comfortable interest coverage of 137.5×
+Dividend payout of 42.1% of profit

Cons

−Expensive at 142.3× trailing earnings
−Trading at 17.4× book value

Research score

Structured signal from quality, growth, valuation and momentum.

43/100

Business quality: 72
Growth

Revenue & net profit

₹ crore, by fiscal year

RevenuePAT

Margins

% of revenue, by fiscal year

OPMPAT margin

Peers

Comparable companies from the narrowest available industry classification.

Part ofNIFTY NEXT 50 NIFTY 100 NIFTY 200 NIFTY 500 NIFTY TOTAL MARKET

Screen this industry Compare top 5 side-by-side

Company	Mkt Cap	EV	Revenue	EBITDA	OPM	PAT	NPM	ROCE	ROE	WC Days
Bharat Heavy Electricals LimitedBHELBHEL	₹1,46,596 Cr	₹1,54,783 Cr	₹35,993 Cr	₹3,383 Cr	6.9%	₹2,432 Cr	4.7%	6.8%	6.3%	119
Hitachi Energy India LimitedPOWERINDIAPOWERINDIA	₹1,39,553 Cr	₹1,39,553 Cr	₹9,163 Cr	₹1,424 Cr	15.4%	₹1,150 Cr	12.1%	28.8%	21%	-42
Cg Power And Industrial Solutions LimitedCGPOWERCGPOWER	₹1,38,443 Cr	₹1,38,443 Cr	₹12,821 Cr	₹1,638 Cr	13.1%	₹973 Cr	9.7%	26.2%	20.4%	48
Siemens Energy India LimitedENRINENRIN	₹1,18,724 Cr	₹1,18,724 Cr	₹9,436 Cr	₹2,024 Cr	19.3%	₹1,488 Cr	14.1%	33.8%	29%	-175
Ge Vernova T&D India LimitedGVT&DGVT&D	₹1,08,882 Cr	₹1,08,882 Cr	₹6,712 Cr	₹1,757 Cr	27.1%	₹1,305 Cr	19.9%	73.2%	55.3%	90
Suzlon Energy LimitedSUZLONSUZLON	₹53,473 Cr	₹53,737 Cr	₹17,429 Cr	₹3,019 Cr	18.1%	₹3,144 Cr	18.9%	31.7%	40.6%	117
Thermax LimitedTHERMAXTHERMAX	₹40,058 Cr	₹42,346 Cr	₹10,839 Cr	₹870 Cr	9.6%	₹593 Cr	6.7%	15.7%	13.7%	-0
Schneider Electric Infrastructure LimitedSCHNEIDERSCHNEIDER	₹30,495 Cr	₹30,939 Cr	₹2,920 Cr	₹336 Cr	12.8%	₹184 Cr	7.4%	28.5%	31.8%	61
Azad Engineering LimitedAZADAZAD	₹18,481 Cr	₹18,938 Cr	₹638 Cr	₹240 Cr	37.4%	₹139 Cr	22.2%	12.4%	9.1%	1,720
Triveni Turbine LimitedTRITURBINETRITURBINE	₹16,849 Cr	₹16,849 Cr	₹2,253 Cr	₹428 Cr	20.7%	₹336 Cr	16%	35.7%	26.3%	8
Karamtara Engineering LimitedKARAMTARAKARAMTARA	₹13,225 Cr	₹14,255 Cr	₹4,312 Cr	₹498 Cr	11.6%	₹229 Cr	5.3%	27.2%	20.8%	—
Atlanta Electricals LimitedATLANTAELEATLANTAELE	₹13,200 Cr	₹13,247 Cr	₹2,001 Cr	₹367 Cr	18.6%	₹224 Cr	10.9%	34.8%	21.7%	74

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Financials

Reported profit and loss, balance sheet, cash flow and growth history.

Annual Quarterly

Consolidated Standalone

Consolidated figures · ₹ crore

₹ Cr	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
	5,110	2,964	5,561	6,973	8,046	9,909	12,418
COGS	3,328	1,974	3,936	4,856	5,552	6,926	8,566
Gross profit	1,782	990	1,625	2,117	2,494	2,982	3,852
	1,785	873	970	1,124	1,366	1,678	2,227
	-3	117	655	993	1,128	1,305	1,625
OPM %	-0.1%	4%	11.8%	14.3%	14%	13.2%	13.1%
Depreciation	211	138	101	95	95	112	196
Interest	324	197	68	16	3	7	12
	-1,747	-1,120	549	286	684	162	211
Profit before tax	-2,285	-1,339	1,035	1,169	1,715	1,348	1,628
Tax	-118	-945	122	206	287	375	430
Tax %	-5.2%	-70.6%	11.8%	17.6%	16.8%	27.8%	26.4%
	-2,167	-394	913	963	1,428	973	1,199
PAT margin %	-42.4%	-13.3%	16.4%	13.8%	17.7%	9.8%	9.7%
EPS (₹)	-34.5	-4.4	6.7	6.4	9.3	6.4	7.7
EPS adjusted (₹)	-34.6	-2.9	6.3	6.3	9.3	6.4	7.7
	—	—	0%	23.6%	13.9%	20.4%	—
Annual report	Annual report for Mar 2020	Annual report for Mar 2021	Annual report for Mar 2022	Annual report for Mar 2023	Annual report for Mar 2024	—	Annual report for Mar 2026

₹ Cr	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
Reserves	3,986	3,758	2,060	-587	-217	716	1,485	2,712	3,538	7,655
Minority interest	—	—	—	—	—	—	1	1	194	228
	1,214	1,662	2,730	2,874	964	352	0	0	0	0
	4,863	4,895	5,420	5,083	3,520	2,870	2,838	2,607	3,379	4,469
Total equity & liabilities	10,188	10,441	10,336	7,496	4,534	4,226	4,629	5,626	7,417	12,668
	1,705	2,374	2,050	1,962	1,146	1,081	971	1,059	1,479	2,008
CWIP	28	46	68	68	12	27	27	66	355	647
Investments	209	523	130	2	2	41	1	588	438	453
	8,246	7,497	8,088	5,465	3,374	3,076	3,630	3,913	5,145	9,559
Total assets	10,188	10,441	10,336	7,496	4,534	4,226	4,629	5,626	7,417	12,668

Segment results

As reported in NSE results XBRL. Segment result is before tax and finance costs. ROCE uses that annual result divided by segment assets less liabilities.

Source XBRL ↗

Latest reported period · 31 Mar 2026 · ₹ crore

Segment	Revenue	Result	Assets	Liabilities	Capital employed	ROCE %
Industrial Systems	6,747.04	625.33	3,608.31	1,651.57	1,956.74	31.96
Power Systems	5,138.18	1,122.74

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Ratios

Annual operating, return, leverage and working-capital ratios.

Consolidated Standalone

Consolidated figures

Ratio	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
Margins
Gross margin %	34.9%	33.4%	29.2%	30.4%	31%	30.1%	31%
EBITDA margin %	-0.1%	4%	11.8%	14.3%	14%	13.2%	13.1%
EBIT margin %	-4.2%	-0.7%	10%	12.9%	12.8%	12%	11.5%
PAT margin %	-42.4%	-13.3%	16.4%	13.8%	17.7%	9.8%	9.7%
Working capital
Receivable days	122	72	62	68	70	74	86
Inventory days	131	79	48	41	49	60	67
Payable days	253	191	107	96	98	99	105
NWC days	-0	-39	3	13	21	35	48
Leverage
Current ratio	0.86	0.59	0.86	1.44	1.7	1.71	1.91
Debt to EBITDA	—	8.24	0.54	0	0	0	0
Debt to equity	-6.22	18.99	0.35	0	0	0	0
Interest coverage	-0.5	0.4	8.7	59.7	448.6	191.1	137.5
Asset turnover	0.68	0.65	1.32	1.51	1.43	1.34	0.98
Return ratios
Return on assets %	-28.9%	-8.7%	21.6%	20.8%	25.4%	13.1%	9.5%
Return on capital employed %	-5.8%	4.2%	51.4%	49.1%	39.9%	36.5%	26.2%
Return on equity %	469%	-776.1%	91%	53.8%	47.3%	25.3%	15%

Derived from reported annual statements. ROCE uses EBIT over capital employed (total assets less current liabilities). Day counts average the opening and closing balance; receivables turn on revenue, inventory and payables on cost of goods sold.

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Shareholding

Quarterly ownership, named holders, insider transactions and disclosed deals.

Quarterly Annual

Every quarter filed · % of equity

Holder (%)	Sep 2023	Dec 2023	Mar 2024	Jun 2024	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025	Dec 2025	Mar 2026	Jun 2026
	58.12%	58.11%	58.11%	58.09%	58.07%	58.06%	58.06%	56.38%	56.37%	56.36%	56.36%	56.36%
	16.74%	16.05%	15.18%	14.65%	14.59%	14.3%	12.97%	12.68%	13.02%	12.02%	12.03%	11.97%
	7.85%	9.16%	10.1%	11.08%	11.44%	11.91%	13.59%	16.33%	16.26%	17.52%	18.01%	18.23%
	0%	0%	0%	0%	0%	0%	0%	0%	0%	0.04%	0.07%	0.07%
	17.29%	16.68%	16.61%	16.18%	15.9%	15.73%	15.38%	14.61%	14.35%	14.06%	13.53%	13.37%
No. of shareholders	—	—	—	—	—	—	—	—	5,47,043	5,35,803	5,21,349	5,33,530

Promoter holding down 1.76 percentage points since Sep 2023.

52 deals · 17 Dec 2021 – 26 Dec 2025

Date	Client	Type	Venue	Side	Quantity	Price	Value
26 Dec 2025	PIONEER INVESTMENT FUND	Block	NSE	Sell	16,70,000	₹660.00	₹110.22 Cr
26 Dec 2025	PI OPPORTUNITIES AIF V LLP	Block	NSE	Buy	16,70,000	₹660.00	₹110.22 Cr
17 Nov 2025	PI OPPORTUNITIES AIF V LLP	Block	BSE	Buy	13,39,316	₹748.00	₹100.18 Cr
17 Nov 2025	PIONEER INVESTMENT FUND	Block	BSE	Sell	13,39,316	₹748.00	₹100.18 Cr
24 Oct 2025	PI OPPORTUNITIES AIF V LLP	Block	NSE	Buy	13,71,836	₹725.10	₹99.47 Cr
24 Oct 2025	PIONEER INVESTMENT FUND	Block	NSE	Sell	13,71,836	₹725.10	₹99.47 Cr
26 Aug 2024	CITIGROUP GLOBAL MARKETS SINGAPORE PTE LIMITED	Block	NSE	Buy	7,03,000	₹738.00	₹51.88 Cr
26 Aug 2024	CITIGROUP GLOBAL MARKETS MAURITIUS PRIVATE LIMITED	Block	NSE	Sell	7,03,000	₹738.00	₹51.88 Cr
14 Nov 2022	ISHARES CORE EMERGING MARKETS MAURITIUS CO	Block	NSE	Sell	6,72,157	₹263.60	₹17.72 Cr
14 Nov 2022	ISHARES CORE MSCI EMERGING MARKETS ETF	Block	NSE	Buy	6,72,157	₹263.60	₹17.72 Cr

1–10 of 52

1 / 6

Mr. Vellayan SubbiahNon-Executive - Non Independent Director-Chairperson related to Promoter
Mr. Amar KaulExecutive Director-CEO-MD
Mr. Murugappan Arunachalam Murugappan ArunNon-Executive - Non Independent Director
Mr. Palamadai Sundararajan JayakumarNon-Executive - Independent Director
Mr. Sriram SivaramNon-Executive - Independent Director
Mrs. Vijayalakshmi Rajaram IyerNon-Executive - Independent Director
Mr. Mammen ChallyNon-Executive - Independent Director
Mr. Susheel TodiChief Financial Officer
Mr. Sanjay Kumar ChowdharyCompany Secretary & Compliance Officer

Current officeholders as filed with BSE. A person holding two offices is listed once per office.

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F&O

Current futures and options contracts with compact option-chain pages.

End of day 30 Sept 2026 · underlying ₹854.2 · volume and open interest in contracts

3

Expiry	Close	Chg	% Chg	Settlement	Open interest	Change in OI	Volume	Lot size
27 Oct 2026	₹861.1	-12.1	-1.4%	₹861.1	20,481	+513	1,766	850
23 Nov 2026	₹864.3	-14.9	-1.7%	₹864.3	334	+9	40	850
29 Dec 2026	₹873.0	+2.1	+0.2%	₹867.7	3	+3	3	850

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Fund holders

Mutual-fund schemes that disclosed a holding in the company.

Portfolio month

Schemes holding

133

across 17 fund houses

Held by these funds

5.4%

of the company's equity

All mutual funds

9.93%

shareholding pattern, Jun 2026

Portfolios as of

August 2026

compared with July 2026

133 schemes · 17 fund houses

		Shares
(Investment Manager for Motilal Oswal Mutual Fund)	Motilal Oswal Mutual Fund	89 L	815.24	5.76%	0.565%	-1 L
(Investment Manager for Motilal Oswal Mutual Fund)	Motilal Oswal Mutual Fund	68.14 L	624.17	3.1%	0.433%	-0
Large & Mid Cap Fund	ICICI Prudential Mutual Fund	61.88 L	566.8	1.69%	0.393%	-0
ELSS- Tax Saver Fund	Axis Mutual Fund	60.04 L	549.95	1.68%	0.381%	-0
Growth Mid Cap FundNEW	Nippon India Mutual Fund	51.02 L	467.31	0.89%	0.324%	—
Multi Cap FundNEW	Nippon India Mutual Fund	45.1 L	413.09	0.73%	0.286%	—
Large Cap Fund	Axis Mutual Fund	34.68 L	317.63	1.01%	0.22%	-0
Midcap Fund	Axis Mutual Fund	34.25 L	313.73	0.89%	0.217%	-0

1–8 of 133

1 / 17

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Documents

Annual reports, exchange filings, offer documents, ratings and earnings-call material.

Announcements

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Events

Upcoming dates and the company’s corporate-action history.

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Announcements

Latest exchange announcements, filings and downloadable documents.

1 month 3 months 6 months 1 year All

9 announcementsExport CSV

30 Sept 2026, 9:28 pmCompany Update

Announcement under Regulation 30 (LODR)-Change in Management

Change in Management PDF

Loading announcements…

Ratio	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
Margins
Gross margin %	34.9%	33.4%	29.2%	30.4%	31%	30.1%	31%
EBITDA margin %	-0.1%	4%	11.8%	14.3%	14%	13.2%	13.1%
EBIT margin %	-4.2%	-0.7%	10%	12.9%	12.8%	12%	11.5%
PAT margin %	-42.4%	-13.3%	16.4%	13.8%	17.7%	9.8%	9.7%
Working capital
Receivable days	122	72	62	68	70	74	86
Inventory days	131	79	48	41	49	60	67
Payable days	253	191	107	96	98	99	105
NWC days	-0	-39	3	13	21	35	48
Leverage
Current ratio	0.86	0.59	0.86	1.44	1.7	1.71	1.91
Debt to EBITDA	—	8.24	0.54	0	0	0	0
Debt to equity	-6.22	18.99	0.35	0	0	0	0
Interest coverage	-0.5	0.4	8.7	59.7	448.6	191.1	137.5
Asset turnover	0.68	0.65	1.32	1.51	1.43	1.34	0.98
Return ratios
Return on assets %	-28.9%	-8.7%	21.6%	20.8%	25.4%	13.1%	9.5%
Return on capital employed %	-5.8%	4.2%	51.4%	49.1%	39.9%	36.5%	26.2%
Return on equity %	469%	-776.1%	91%	53.8%	47.3%	25.3%	15%

29

27 Oct 2026 23 Nov 2026 29 Dec 2026

Calls				Strike	Puts
OI	Chg OI	Volume	LTP	—	LTP	Volume	Chg OI	OI
0	0	0	₹0.0	680	₹1.1	0	0	3
0	0	0	₹0.0	720	₹0.0	0	0	0
4	0	0	₹139.1	740	₹2.2	1	+1	1
0	0	0	₹0.0	760	₹3.6	144	+39	91
0	0	0	₹0.0	770	₹0.0	0	0	0
1	0	0	₹98.8	780	₹5.2	90	+22	127
0	0	0	₹0.0	790	₹0.0	0	0	0
15	0	2	₹78.5	800	₹8.0	142	+31	225

Shaded cells are in the money against the underlying close. Green and red mark the move against the previous close — on the premium for LTP, on the position for change in OI. Settlement prices are the exchange's, not the last trade.

Date	Category	Subject	Filing
30 Sept 2026, 9:28 pm	Company Update Change in Management	Announcement under Regulation 30 (LODR)-Change in Management	PDF
28 Sept 2026, 5:50 pm	Insider Trading / SAST Closure of Trading Window	Closure of Trading Window	PDF
20 Sept 2026, 10:09 am	Company Update Allotment of ESOP / ESPS	Announcement under Regulation 30 (LODR)-Allotment of ESOP / ESPS	PDF
19 Sept 2026, 3:59 pm	Company Update Analyst / Investor Meet	Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Intimation	PDF
16 Sept 2026, 11:43 am	Company Update Analyst / Investor Meet	Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Intimation	PDF
8 Sept 2026, 7:47 pm	Company Update General	Announcement Under Regulation 30 Of The SEBI LODR Regulations, 2015.	PDF
4 Sept 2026, 3:28 pm	Company Update Press Release / Media Release	Announcement under Regulation 30 (LODR)-Press Release / Media Release	PDF
4 Sept 2026, 3:23 pm	Company Update General	Announcement Under Regulation 30 Of SEBI Listing Regulations, 2015.	PDF

₹ Cr	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
	376	773	694	-255	485	947	397	-20	701
	-1,031	-745	-107	-51	227	-21	-662	-568	-3,605
	514	-213	-528	595	-800	-612	-246	-167	2,794
Net cash flow	-138	-147	47	289	-89	315	-512	-755	-111
Free cash flow	376	773	696	-273	424	878	191	-398	-4
CFO / Operating profit %	—	—	—	-218.1%	73.9%	95.3%	35.2%	-1.5%	43.1%

Cg Power And Industrial Solutions Limited

About

Key insights

Key risks

Growth drivers

Quick read

Pros

Cons

Research score

Revenue & net profit

Margins

Peers

Financials

Segment results

Ratios

Shareholding

F&O

3

Fund holders

Documents

Announcements

Events

Announcements

Announcements

3

Annual reports

Credit ratings

Investor Presentation and earnings call

29

2

26

1

Segment results

Compounded sales growth

Compounded profit growth

Return on equity

Discontinued Operations · revenue

Cg Power And Industrial Solutions Limited

About

Key insights

Key risks

Growth drivers

Quick read

Pros

Cons

Research score

Revenue & net profit

Margins

Peers

Financials

Profit & loss

Balance sheet

Segment results

Ratios

Ratio timeline

Shareholding

Quarterly record

Bulk & block deals

Board and management

F&O

Futures3

Fund holders

Documents

Announcements

Events

Announcements

Ratio timeline

Announcements

Futures3

Annual reports

Credit ratings

Investor Presentation and earnings call

Option chain29

Quarterly record

Bulk & block deals

Board and management

Upcoming and recent2

Dividends26

Board meetings1

Profit & loss

Balance sheet

Segment results

Cash flow

Compounded returns

Compounded sales growth

Compounded profit growth

Return on equity

Discontinued Operations · revenue

3

3

29

2

26

1