CG Power and Industrial Solutions

NSE: CGPOWERBSE: 500093
Compare with peers
₹ 829.80▼ 2.5 (−0.3%)29 Oct, 03:29 pm IST
Market cap
₹ 1,28,391 Cr.
P/E
93.8x
P/B
16.15x
52-week range
525.5 – 980.9
ROE
20%
ROCE
27%
Dividend yield
0.2%
Debt / equity
0.01
Sector
Electrical Equipment
Industry
Heavy Electrical Equipment
Listed on
NSE, BSE

About

CG Power and Industrial Solutions Limited is an India-based company, which is engaged in providing end-to-end solutions to utilities, industries and consumers for the management and application of electrical energy. The Company’s segments include Power Systems and Industrial Systems. Power Business focuses on power transmission, distribution, power solutions, and setting up of integrated power systems. It manufactures power and distribution transformers, extra high voltage (EHV) and medium voltage circuit breakers, switchgears, EHV instrument transformers, lightning arrestors, and isolators. It offers turnkey solutions for transmission and distribution. Industrial Business is engaged in the business of power conversion equipment which includes a wide spectrum of Medium and Low Voltage Rotating Machines (Motors, Generators, Alternators), Drives and Stampings. Railways business supplies traction machines and systems, propulsion systems and signaling and coach products to Indian Railways.

Quick check

The five things to look at first. Open one for more.

CG Power and Industrial Solutions against the typical company in its industry. The rank is out of the companies that report each figure; green means the better quarter of the pack, red the worse quarter.

  • Valuation (P/E)93.8 against a typical 30.6: pricier than most peers (1st = cheapest).46th of 50
  • Sales growth+30.1% against a typical +23.8% from a year earlier.16th of 41
  • Profit growth+44% against a typical +24.6% from a year earlier.16th of 40
  • Share price, 3 months−0.3% against a typical −7.8%.15th of 45
  • Size₹ 1,28,391.3 Cr. market value against a typical ₹ 5,357.9 Cr. (1st = largest).3rd of 47

Latest announcements

Exchange filings and their impact on the company.

  • 26 Oct 2026General UpdatesLow impactPositivePrice +0.3% on 27 Oct
    RDSO nod for Kavach 4.0 unlocks execution of Rs 433 cr railway order.

    Subsidiary GG Tronics India has received RDSO approval for Kavach 4.0 covering both Automatic and Absolute block sections. The approval was the final condition to execute the ~Rs 433 crore KAVACH order from Chittaranjan Locomotive Works disclosed in January 2026. This clears the order for execution and makes the company eligible for upcoming Kavach 4.0 railway safety tenders.

    Filing
  • 23 Oct 2026Outcome of Board MeetingHigh impactVery positivePrice −0.5% that day
    Strong 30% Q2 growth with margin expansion plus Rs 393 cr demand-backed capex supports 20%+ earnings growth.

    CG Power reported strong Q2 FY27 results with consolidated revenue of Rs 3801.5 crore, up 30% year-on-year, and net profit of Rs 409 crore, up 44%, led by Power Systems. The board also approved about Rs 393 crore of capacity expansions across power transformers, OIP bushings, EHV breakers and GIS to meet growing demand. The projects will be funded from internal accruals and existing QIP funds and commissioned over 6 to 36 months.

    Filing

Credit ratings

Every rating action on file, newest first, including reaffirmations. Open a row for the agency's reasoning. All credit rating updates

High safety

Rated AA+ by India Ratings
AA+
DefaultRiskyModerateSafeVery safe
  • No warnings from the agency.
AgencyCurrent ratingOutlookAs of
India RatingsIND AA+; IND A1+Stable18 Mar 2026
Credit rating actions
RatingDetails
18 Mar 2026
Reaffirmed
IND AA+—India Ratings₹ 5,021 Cr.

Research by Minerva Capital Research Solutions

Our research team's work on CG Power and Industrial Solutions

Also covered in

Sector note · 5 Jan 2025 · Free

Board meetings

Results dates and other board meetings. Full calendar

Details
23 Oct 2026Financial ResultsTo consider and approve the financial results for the half year and quarter ended September 30, 2026.
24 Jul 2026Financial ResultsTo consider and approve the financial results for the period ended Jun 30, 2026
6 May 2026Financial ResultsTo consider and approve the financial results for the period ended March 31, 2026
27 Jan 2026Financial ResultsTo consider and approve the financial results for the period ended December 31, 2025
29 Oct 2025Financial ResultsTo consider and approve the financial results for the period ended September 30, 2025
24 Jul 2025Financial ResultsTo consider and approve the financial results for the period ended Jun 30, 2025

Share price

1Y change +14.85%
0 of 2 filing days came with a big price move
Volume (shares)Price (₹)
Close price

Financials

Consolidated figures in ₹ crore.

Quarterly results
₹ Cr.Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 2026Sep 2026
Sales1,9792,1922,2282,4132,5162,7532,8782,9233,1753,4423,2813,802
Expenses1,7181,9081,9002,1182,1852,4062,4972,5462,7782,9752,8843,262
Operating Profit261284327295331347381377397466397540
OPM %13%13%15%12%13%13%13%13%13%14%12%14%
Other Income5794233293471286641798482
Interest111213234444
Depreciation242424282832445251495458
Profit before tax816301336294335384364388384492423559
Tax %8%22%28%25%29%29%27%27%26%26%27%27%
Net Profit748234241220238274267284284363308409
EPS in Rs4.891.531.581.451.571.781.761.821.812.321.992.62

Growth and returns

Compounded yearly rates over each period.

Compounded Sales Growth
10 Years
9%
5 Years
33%
3 Years
21%
TTM
24%
Compounded Profit Growth
10 Years
37%
5 Years
70%
3 Years
10%
TTM
31%
Stock Price CAGR
10 Years
27%
5 Years
41%
3 Years
29%
TTM
—
Return on Equity
10 Years
—
5 Years
38%
3 Years
30%
TTM
—

Shareholding

Latest: Sep 2026.

Promoters
56.34%
−0.03 pts in a year
FIIs
11.08%
−1.94 pts in a year
DIIs
18.96%
+2.7 pts in a year
Government
0.07%
+0.07 pts in a year
Public
13.55%
−0.8 pts in a year

P/E and EPS over time

Daily P/E and trailing 12-month EPS. EPS updates with each result.

P/E 93.8xEPS (12 months) ₹ 8.88Median P/E 14.2x
P/E (times)EPS (₹)

Peers

Listed companies in the same business.

Peer comparison
CG Power and Industrial Solutions₹ 829.80₹ 1,28,391 Cr.93.8x16.2x20%—
ABB India₹ 6,140.00₹ 1,29,936 Cr.95.2x20.3x—11.6%
Hitachi Energy India₹ 26,250.00₹ 1,17,002 Cr.139x27.6x21%12.1%
Polycab India₹ 7,415.00₹ 1,11,738 Cr.50x11.1x25.4%9.3%
Siemens₹ 3,250.00₹ 1,15,739 Cr.—9.4x11.7%8.5%
Apar Industries₹ 14,348.00₹ 60,078 Cr.55.6x10.3x19.7%4.3%

Management

Amar Kaul
Chief Executive Officer, Managing Director, Executive Director
Susheel Todi
Chief Financial Officer
Sanjay Kumar Chowdhary
Company Secretary, Compliance Officer

Prices are delayed and for information only. Nothing on this page is investment advice.