CG Power and IND SOL Ltd

NSE: CGPOWER · Heavy Electrical Equipment · sector

₹833.25NSE close 2026-10-26

Key numbers

Market cap₹1,31,237 cr

Price₹833.25

52w high / low₹981 / ₹526

P/E104.9xSector median 27.8x

P/B16.5xSector median 5.4x

Book value₹50.6

Dividend yield0.16%Sector median 0.19%

ROE16.5%Sector median 18.8%

ROCE21.3%Sector median 21.4%

OPM12.5%Sector median 15.1%

Debt / equity0.00xSector median 0.09x

EV/EBITDA81.0xSector median 21.4x

Interest cover125.9x

Current ratio1.91x

Sales growth 3y+30.7%Sector median +22.1%

Profit growth 3y+9.7%Sector median +27.5%

PEG22.18x

Last 12 months to Jun 2026, Consolidated. "Sector median" = middle value of 43 companies in Heavy Electrical Equipment (P/E median leaves out loss-making companies). Tap ? for what a number means.

Things to know

Cash ₹1,429 cr vs borrowings ₹0 cr (FY26): cash is higher (net cash).
Operating profit covered interest 125.9x in the last 12 months.
No promoter shares are pledged.
Operating cash flow was below net profit in 4 of the last 4 years (FY26, FY24, FY23, FY22).
Net loss in 1 of the last 8 quarters.
Revenue was higher than a year earlier in 4 of the last 4 quarters.
Other income was 31% of net profit in the last 12 months.
Debtor days went from 68 (FY23) to 86 (FY26).
Dividend paid in 3 of the last 5 financial years.
Price ₹833.25 on 2026-10-26: -15.1% from the 52-week high, +58.6% from the 52-week low.

Plain facts from the filings, built by the same fixed rules for every company. A line appears only when the data for it is available. Not a view on the stock.

Charts

Weekly close · high ₹976.50 · low ₹551.00

Quarterly results

₹ cr	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025	Dec 2025	Mar 2026	Jun 2026
Revenue	2,413	2,516	2,753	2,878	2,923	3,175	3,442	3,281
EBITDA	295	331	347	381	377	362	466	397
OPM %	12.2%	13.2%	12.6%	13.2%	12.9%	11.4%	13.6%	12.1%
Other income	29	34	71	28	66	76	77	84
Net profit	220	-21	272	269	18	285	365	304
EPS (₹)	1.45	1.57	1.78	1.76	1.82	1.81	2.32	1.99
Revenue YoY					+21.1%	+26.2%	+25.0%	+14.0%
Profit YoY					-91.7%	–	+34.4%	+13.0%

Consolidated figures where filed. Latest quarter Jun 2026.

Profit & loss (yearly)

₹ cr	FY21	FY22	FY23	FY24	FY26	TTM
Revenue	2,964	5,561	6,973	8,046	12,418	12,821
EBITDA	-1,105	1,163	1,045	1,150	1,590	1,602
Net profit	-394	913	963	1,427	1,206	973
EPS (₹)	-4.36	6.72	6.35	9.34	7.72	7.94
Revenue growth		+87.6%	+25.4%	+15.4%	+54.3%	+21.4%
Profit growth		–	+5.4%	+48.2%	-15.5%	+31.4%
Dividend / share (₹)	–	–	1.50	1.30	1.30

Compounded growth	3 years	5 years	Last 12 months
Sales	+30.7%	–	+21.4%
Net profit	+9.7%	–	+31.4%
EPS	+4.7%	–	–
Share price	–	+2.9% (2y)	+11.1%

Balance sheet

₹ cr	FY22	FY23	FY24	FY26
Shareholders' equity	–	1,791	3,017	7,970
Borrowings	–	0	0	0
Cash & equivalents	–	714	1,442	1,429
Total assets	–	4,629	5,626	12,668
Fixed assets	–	762	853	1,223
Capital work in progress	–	27	66	647
Investments	–	1	1	52
Receivables	–	1,297	1,534	2,924
Inventory	–	541	751	1,584
Payables	–	1,273	1,484	2,468

Year-end figures from the March annual filing.

Cash flow

₹ cr	FY22	FY23	FY24	FY26
Cash from operations	485	947	397	700
Cash from investing	227	-21	-662	-3,605
Cash from financing	-800	-612	-246	2,794
Capex	73	86	234	778
Free cash flow	411	861	163	-77

Free cash flow = cash from operations − capex.

Ratios by year

₹ cr	FY22	FY23	FY24	FY26
ROE %	–	53.8%	47.3%	15.1%
ROCE %	–	56.9%	38.5%	20.6%
Debtor days	–	68	70	86
Inventory days	–	41	49	67
Payable days	–	96	98	105
Cash conversion cycle (days)	–	13	21	48
Working capital days	–	48	79	112

Shareholding

Holder	% (2026-09-30)
Promoters	56.34%
FIIs	11.08%
DIIs	19.02%
of which Mutual funds	9.44%
Government	0.00%
Public (non-institutions)	13.55%

Quarter	Mar 2025	Jun 2025	Jul 2025	Sep 2025	Dec 2025	Mar 2026	Jun 2026	Sep 2026
Promoters %	58.06%	58.05%	56.38%	56.37%	56.36%	56.36%	56.36%	56.34%

Promoter group	%
Tube Investments of India Limited	56.27%
M A MURUGAPPAN HOLDINGS LLP (Formerly, M A Murugappan Holdings Private Limited)	0.02%
M.a.alagappan	0.01%
M A M Arunachalam	0.01%
M A M ARUNACHALAM (in the capacity as Kartha of HUF)	0.01%
MAM ARUNACHALAM(MAM A & S Arunachalam hold on behalf of Arun Murugappan Children's Trust)	0.01%
M V Subbiah	0.00%
M V SUBBIAH (In the capacity as Kartha of HUF)	0.00%
M V Seetha Subbiah	0.00%
Valli Subbiah	0.00%
Akshara Lalitha Narayanan	0.00%
S Vellayan	0.00%
Lalitha Vellayan	0.00%
Valli Annamalai	0.00%
V Narayanan	0.00%

Public holders above 1%	%
Qualified Institutional Buyers	5.08%
NPS Trust- A/C SBI Pension Fund Scheme - State Govt	3.65%
Life Insurance Corporation of India	2.12%
Axis Elss TAX Saver Fund	1.36%
Motilal Oswal Flexi CAP Fund	1.34%
ICICI Prudential Large & MID CAP Fund	1.34%
Nippon Life India Trustee Ltd- A/C Nippon India Growth MID CAP Fund	1.01%

5,49,326 shareholders. Pledged: 0.00% of promoter shares.

Peers in Heavy Electrical Equipment

Company	Market cap	P/E	P/B	ROE	ROCE	OPM	Sales 3y	Div yield
BHEL	₹1,37,384 cr	47.7x	5.1x	11.2%	13.5%	10.1%	+13.1%	0.12%
ABB	₹1,34,715 cr	45.1x	14.4x	36.1%	22.4%	14.0%	–	–
CGPOWER	₹1,31,237 cr	104.9x	16.5x	16.5%	21.3%	12.5%	+30.7%	0.16%
POWERINDIA	₹1,19,751 cr	104.0x	23.1x	24.5%	29.9%	14.9%	+22.2%	0.02%
SIEMENS	₹1,16,725 cr	35.6x	8.4x	25.0%	14.2%	10.0%	+41.0%	0.37%
ENRIN	₹98,074 cr	65.9x	20.4x	34.3%	42.0%	20.9%	–	0.14%
GVT&D	₹97,043 cr	74.3x	36.1x	58.5%	65.5%	25.2%	+30.8%	0.13%
SUZLON	₹51,051 cr	16.3x	5.4x	40.4%	29.2%	17.7%	+41.0%	–
THERMAX	₹35,902 cr	60.5x	6.5x	11.3%	12.5%	8.6%	+9.8%	0.44%
SCHNEIDER	₹27,190 cr	147.9x	35.1x	27.5%	25.3%	11.0%	+17.6%	–

All 43 companies in Heavy Electrical Equipment →

Business segments (FY26)

Segment	Revenue	Share	EBIT	Margin
Industrial Systems	₹6,747 cr	54.3%	₹625 cr	9.3%
Power Systems	₹5,138 cr	41.4%	₹1,123 cr	21.9%
Semiconductors	₹503 cr	4.0%	₹-108 cr	-21.5%
Others	₹34 cr	0.3%	₹6 cr	18.1%
Discontinued operations	₹0 cr	–	₹0 cr	–

Dividends & corporate actions

Ex-date	Action	Detail
2026-01-30	Dividend	Interim Dividend - Rs 1.30 Per Share
2025-03-21	Dividend	Interim Dividend - Rs 1.30 Per Share
2024-02-05	Dividend	Interim Dividend - Rs 1.30 Per Share
2023-03-15	Dividend	Interim Dividend - Rs 1.50 Per Share
2016-08-16	Other	Annual General Meeting (Book Closure Dates Revised)
2016-03-15	Restructuring	Scheme Of Arrangement
2015-07-16	Other	Annual General Meeting
2015-02-06	Dividend	Interim Dividend - Re 0.40/- Per Share (Purpose Revised)
2014-10-22	Dividend	Interim Dividend Re.0.40 Per Share (Purpose Revised)
2014-07-30	Dividend	Annual General Meeting / Final Dividend - Re 0.40/- Per Share (Purpose Revised)
2014-02-04	Dividend	Interim Dividend - Re 0.40/- Per Share (Purpose Revised)
2013-11-13	Dividend	Interim Dividend Re.0.40 Per Share (Purpose Revised)
2013-07-25	Dividend	Annual General Meeting And Final Dividend Re.0.40 Per Share (Purpose Revised)
2012-11-07	Dividend	Interim Dividend Re.0.40 Per Share (Purpose Revised)
2012-07-26	Dividend	Annual General Meeting And Interim Dividend Re.0.40 Per Share (Purpose Revised)
2012-03-29	Dividend	Interim Dividend - Rs.0.40 Per Share (Purpose Revised)
2012-02-03	Dividend	Interim Dividend Re.0.20 Per Share (Purpose Revised)
2011-10-24	Dividend	Interim Dividend Re.0.80 Per Share (Purpose Revised)
2011-07-11	Other	Annual General Meeting
2011-03-28	Dividend	3rd Interim Dividend-Re.0.60 Per Share (Purpose Revised)

Documents

Links go to the original files on the exchange website.

About the company

Manufacturing: Electrical equipment, general purpose and special purpose machinery & equipment, transport equipment.


Sector	Industrials
Industry	Heavy Electrical Equipment
Sub-industry	Heavy Electrical Equipment
Symbol	CGPOWER
BSE code	500093
ISIN	INE067A01029
Face value	₹2.0
Incorporated	1937-01-01
Website	https://www.cgglobal.com
Plants (India / abroad)	16 / 0

From the company's filings (BRSR FY26).

Data built 2026-10-22 from NSE company filings (XBRL: Integrated Filing - Financials + financial results), NSE shareholding & pledge data; price = NSE close 2026-10-26.