GE Vernova T&D India Ltd
NSE: GVT&D · Heavy Electrical Equipment · sector
₹3,790.00NSE close 2026-10-26
Key numbers
Market cap₹97,043 cr
Price₹3,790.00
52w high / low₹5,650 / ₹2,523
P/E74.3xSector median 27.8x
P/B36.1xSector median 5.4x
Book value₹105.1
Dividend yield0.13%Sector median 0.19%
ROE58.5%Sector median 18.8%
ROCE65.5%Sector median 21.4%
OPM25.2%Sector median 15.1%
Debt / equity0.00xSector median 0.09x
EV/EBITDA56.4xSector median 21.4x
Interest cover114.3x
Current ratio1.33x
Sales growth 3y+30.8%Sector median +22.1%
Profit growth 3y–Sector median +27.5%
PEG–
Last 12 months to Jun 2026, Standalone. "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 ₹1,528 cr vs borrowings ₹0 cr (FY26): cash is higher (net cash).
- Operating profit covered interest 114.3x in the last 12 months.
- Other income was 9% of net profit in the last 12 months.
- Dividend paid in 2 of the last 5 financial years.
- Price ₹3,790.00 on 2026-10-26: -32.9% from the 52-week high, +50.2% 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 ₹5,404.00 · low ₹1,296.95
RevenueNet profit
RevenueNet profit
Quarterly results
| ₹ cr | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 |
|---|---|---|---|---|---|---|
| Revenue | 1,153 | 1,330 | 1,538 | 1,701 | 1,637 | 1,836 |
| EBITDA | 252 | 388 | 396 | 385 | 451 | 461 |
| OPM % | 21.9% | 29.1% | 25.8% | 22.7% | 27.5% | 25.1% |
| Other income | 21 | 16 | 19 | 19 | 37 | 42 |
| Net profit | 186 | 291 | 299 | 291 | 352 | 363 |
| EPS (₹) | 7.28 | 11.37 | 11.70 | 11.36 | 13.74 | 14.18 |
| Revenue YoY | +42.0% | +38.0% | ||||
| Profit YoY | +88.6% | +24.7% |
Standalone figures where filed. Latest quarter Jun 2026.
Profit & loss (yearly)
| ₹ cr | FY22 | FY23 | FY24 | FY25 | FY26 | TTM |
|---|---|---|---|---|---|---|
| Revenue | 3,066 | 2,773 | 3,168 | 4,292 | 6,206 | 6,712 |
| EBITDA | 1 | 90 | 319 | 819 | 1,620 | 1,693 |
| Net profit | -50 | -1 | 181 | 608 | 1,233 | 1,305 |
| EPS (₹) | -1.94 | -0.06 | 7.07 | 23.76 | 48.16 | 50.98 |
| Revenue growth | -9.5% | +14.2% | +35.5% | +44.6% | – | |
| Profit growth | – | – | +236.0% | +102.7% | – | |
| Dividend / share (₹) | – | – | – | 2.00 | 5.00 |
| Compounded growth | 3 years | 5 years | Last 12 months |
|---|---|---|---|
| Sales | +30.8% | – | – |
| Net profit | – | – | – |
| EPS | – | – | – |
| Share price | – | – (2y) | +28.9% |
Balance sheet
| ₹ cr | FY25 | FY26 |
|---|---|---|
| Shareholders' equity | 1,773 | 2,690 |
| Borrowings | 0 | 0 |
| Cash & equivalents | 473 | 1,528 |
| Total assets | 4,661 | 7,739 |
| Fixed assets | 372 | 404 |
| Capital work in progress | 47 | 65 |
| Investments | 0 | 0 |
| Receivables | 1,469 | 2,172 |
| Inventory | 704 | 1,228 |
| Payables | 1,026 | 1,580 |
Year-end figures from the March annual filing.
Cash flow
| ₹ cr | FY25 | FY26 |
|---|---|---|
| Cash from operations | 904 | 1,710 |
| Cash from investing | -496 | -511 |
| Cash from financing | -69 | -147 |
| Capex | 87 | 188 |
| Free cash flow | 816 | 1,521 |
Free cash flow = cash from operations − capex.
Ratios by year
| ₹ cr | FY25 | FY26 |
|---|---|---|
| ROE % | 34.3% | 45.8% |
| ROCE % | 47.0% | 61.9% |
| Debtor days | 125 | 128 |
| Inventory days | 100 | 132 |
| Payable days | 146 | 170 |
| Cash conversion cycle (days) | 79 | 90 |
| Working capital days | 75 | 96 |
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% | – |
Dividends & corporate actions
| Ex-date | Action | Detail |
|---|---|---|
| 2026-08-21 | Dividend | Dividend Rs 10.0 |
| 2025-08-22 | Dividend | Final Dividend Rs 5.0 |
| 2024-08-28 | Dividend | Final Dividend Rs 2.0 |
| 2019-07-16 | Dividend | Dividend Rs 1.8 |
| 2018-07-17 | Dividend | Dividend Rs 1.8 |
Documents
Links go to the original files on the exchange website.
About the company
| Sector | Industrials |
| Industry | Heavy Electrical Equipment |
| Sub-industry | Heavy Electrical Equipment |
| Symbol | GVT&D |
| BSE code | 522275 |
| ISIN | INE200A01026 |
| Face value | ₹2.0 |
| Incorporated | – |
| Website | – |
| Plants (India / abroad) | – |
Data built 2026-10-22 from BSE company filings (inline XBRL: Integrated Filing - Finance) + BSE results summary for earlier years; price = NSE close 2026-10-26.