CG Power and Industrial Solutions
- 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.
Compared with its industry
Heavy Electrical Equipment: 51 companies →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.
- 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.
- 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.
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- No warnings from the agency.
| Agency | Current rating | Outlook | As of |
|---|---|---|---|
| India Ratings | IND AA+; IND A1+ | Stable | 18 Mar 2026 |
| Rating | Details | |||||
|---|---|---|---|---|---|---|
| 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 SolutionsAlso covered in
Board meetings
Results dates and other board meetings. Full calendar
| Details | ||
|---|---|---|
| 23 Oct 2026 | Financial Results | To consider and approve the financial results for the half year and quarter ended September 30, 2026. |
| 24 Jul 2026 | Financial Results | To consider and approve the financial results for the period ended Jun 30, 2026 |
| 6 May 2026 | Financial Results | To consider and approve the financial results for the period ended March 31, 2026 |
| 27 Jan 2026 | Financial Results | To consider and approve the financial results for the period ended December 31, 2025 |
| 29 Oct 2025 | Financial Results | To consider and approve the financial results for the period ended September 30, 2025 |
| 24 Jul 2025 | Financial Results | To consider and approve the financial results for the period ended Jun 30, 2025 |
Financials
Consolidated figures in ₹ crore.
| ₹ Cr. | Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 | Sep 2026 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 1,979 | 2,192 | 2,228 | 2,413 | 2,516 | 2,753 | 2,878 | 2,923 | 3,175 | 3,442 | 3,281 | 3,802 |
| Expenses | 1,718 | 1,908 | 1,900 | 2,118 | 2,185 | 2,406 | 2,497 | 2,546 | 2,778 | 2,975 | 2,884 | 3,262 |
| Operating Profit | 261 | 284 | 327 | 295 | 331 | 347 | 381 | 377 | 397 | 466 | 397 | 540 |
| OPM % | 13% | 13% | 15% | 12% | 13% | 13% | 13% | 13% | 13% | 14% | 12% | 14% |
| Other Income | 579 | 42 | 33 | 29 | 34 | 71 | 28 | 66 | 41 | 79 | 84 | 82 |
| Interest | 1 | 1 | 1 | 2 | 1 | 3 | 2 | 3 | 4 | 4 | 4 | 4 |
| Depreciation | 24 | 24 | 24 | 28 | 28 | 32 | 44 | 52 | 51 | 49 | 54 | 58 |
| Profit before tax | 816 | 301 | 336 | 294 | 335 | 384 | 364 | 388 | 384 | 492 | 423 | 559 |
| Tax % | 8% | 22% | 28% | 25% | 29% | 29% | 27% | 27% | 26% | 26% | 27% | 27% |
| Net Profit | 748 | 234 | 241 | 220 | 238 | 274 | 267 | 284 | 284 | 363 | 308 | 409 |
| EPS in Rs | 4.89 | 1.53 | 1.58 | 1.45 | 1.57 | 1.78 | 1.76 | 1.82 | 1.81 | 2.32 | 1.99 | 2.62 |
Growth and returns
Compounded yearly rates over each period.
- 10 Years
- 9%
- 5 Years
- 33%
- 3 Years
- 21%
- TTM
- 24%
- 10 Years
- 37%
- 5 Years
- 70%
- 3 Years
- 10%
- TTM
- 31%
- 10 Years
- 27%
- 5 Years
- 41%
- 3 Years
- 29%
- TTM
- —
- 10 Years
- —
- 5 Years
- 38%
- 3 Years
- 30%
- TTM
- —
P/E and EPS over time
Daily P/E and trailing 12-month EPS. EPS updates with each result.
Peers
Listed companies in the same business.
| CG Power and Industrial Solutions | ₹ 829.80 | ₹ 1,28,391 Cr. | 93.8x | 16.2x | 20% | — |
| ABB India | ₹ 6,140.00 | ₹ 1,29,936 Cr. | 95.2x | 20.3x | — | 11.6% |
| Hitachi Energy India | ₹ 26,250.00 | ₹ 1,17,002 Cr. | 139x | 27.6x | 21% | 12.1% |
| Polycab India | ₹ 7,415.00 | ₹ 1,11,738 Cr. | 50x | 11.1x | 25.4% | 9.3% |
| Siemens | ₹ 3,250.00 | ₹ 1,15,739 Cr. | — | 9.4x | 11.7% | 8.5% |
| Apar Industries | ₹ 14,348.00 | ₹ 60,078 Cr. | 55.6x | 10.3x | 19.7% | 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.