CGPOWERCapital Goods

CG Power and Industrial Solutions Limited

Heavy Electrical Equipment · ISIN INE067A01029 · BSE 500093 · NSE EQ · FV ₹2
Last price
₹880
+3.34%today
What this company does

CG Power and Industrial Solutions Limited operates in Heavy Electrical Equipment, part of the Capital Goods sector. It booked ₹3,281 cr of revenue in its latest quarter (Q1 FY27) and kept 9.3% of sales as profit. It is the 5th largest of 9 Heavy Electrical Equipment companies we track, by market value.

This Business Responsibility and Sustainability Report (BRSR) for the financial year ended March 31, 2026, details CG’s environmental, social CG operates world-class manufacturing facilities and its operations are supported by a robust network of regional offices, branch and governance (ESG) - policies, practices and performance.
In the report:
59out of 100
Equitytale Health Score
Mixed

Healthier than 59% of companies in Capital Goods, on all six measures of filed financials. Each measure is ranked against the 77–113 companies that reported it.

Measures financial condition, not whether to buy. Learn what this score means · How this is calculated

Price momentum
neutral
RSI (14)
47

At close. Not part of the score.

Profitability & returns55

How much profit it earns on the money it employs

Balance sheet85

How much it owes, and whether earnings cover the interest

Cash quality55

Whether reported profit actually arrives as cash

Growth & consistency59

Whether sales and profit have grown, and how steadily

Valuation11

What today's price implies, against our models or its peers

Governance & risk100

How much of the promoters' stake is pledged, and how much they hold · highest in its sector on what we could measure

Is this company doing well?
not investment advice
Looks broadly healthyPriced in line with peers
Strengths
Makes a profit
Sales up 14% vs last year
Profit up 13% vs last year
Promoters hold 56%
No promoter shares pledged
Strong 15% return on equity
Virtually debt-free
Turns profit into real cash
Watch-outs
None flagged from our data

What if I invest in CGPOWER?

Set a growth rate and see what a monthly SIP would add up to. Your assumption, our arithmetic.

You would put in
₹12.00 lakh
120 instalments
At 0% a year, it would become
₹12.00 lakh

The slider starts at 0%, taken from this company's own free-cash-flow trend. That is history, not a forecast — this is your assumption, and the figure above is arithmetic on it. Returns are not steady year to year, and a real holding would not grow in a straight line. We do not publish price targets or predict returns.

Key ratios · latest quarter + price
₹880 +3.34%
latest close · 2026-09-17
1-year return
+951.4%
52-wk low ₹8352-wk high ₹931
Is it cheap or expensive?
What you pay for the profits, book value and cash flow. Higher isn't automatically worse — it can signal faster growth.
P/E ratio110.6High
LowAverageHigh
P/B ratio17.39High
Below bookModerateHigh
EV / EBITDA71.9High
LowAverageHigh
How good is the business?
How much profit it earns from its money and its sales.
Return on equity15.3%Strong
WeakFairStrong ▸15%
Return on capital20.1%Strong
WeakFairStrong
Net margin9.3%Decent
ThinDecentStrong
EBITDA margin14.7%Decent
ThinDecentHealthy
Is it financially safe?
How much it owes, and whether it can comfortably cover it.
Debt to equity0.00Comfortable
LowModerateHigh ▸1
Interest cover121.5×Strong
RiskyOkayStrong ▸5×
Current ratio1.91Healthy
Tight ◂1HealthyAmple
More figures
Market cap
₹1.39 L cr
Book value
₹51
EPS
₹1.99
latest quarter
Net debt
₹-300 cr
more cash than debt
Enterprise value
₹1.38 L cr
EBITDA
₹1,923 cr
annualised
EBIT
₹1,706 cr
annualised
Operating margin
13.0%
Return on assets
9.6%
Earnings yield
0.90%
P/S
10.56
Sales / share
₹83.3
Tax rate
27.1%
Face value
₹2
Shares
157.5 cr
Working capital
₹3,804 cr
Current assets
₹8,002 cr
Current liabilities
₹4,198 cr
Delivery %
46.5%
Strong / safeFairWeak / riskyValuation — a level, not good/badBands are general rules of thumb, not advice.

P/E, ROE, ROCE and margins are annualised from the latest quarter; per-share and balance-sheet ratios use the most recent balance sheet on file · prices as of 2026-09-17.

Worth vs price · from the FY 2026 report & filings
not investment advice
Hard to value confidentlyLow confidence
The market price is far above what these earnings- and book-based models support — a fast-growing or asset-light business can trade well above them for years, so we won't put a confident number on how overpriced it is.
Models span ₹54₹82, midpoint ₹68

An educational model from the company's own filings, every assumption shown — not investment advice or a price target. Prices can stay above or below any model for years.

P&L · Q1 FY27 (consolidated)
Revenue from Operations₹3,281 cr
Other Income₹84 cr
Total Income₹3,364 cr
Cost of Materials₹2,305 cr
Purchases of Stock-in-Trade₹130 cr
Inventory Change (±)₹-164 cr
Employee Benefit Expense₹253 cr
Finance Costs₹4 cr
Depreciation & Amortisation₹54 cr
Other Expenses₹359 cr
Total Expenses₹2,942 cr
Profit before Tax₹423 cr
Tax Expense₹115 cr
Net Profit₹308 cr
Net margin on total income9.2%
Where the money goes · Q1 FY27
% of total income
Materials + stock-in-trade₹2,271 cr67.5%
Employee benefit expense₹253 cr7.5%
Finance costs₹4 cr0.1%
Depreciation & amortisation₹54 cr1.6%
Other expenses₹359 cr10.7%
Tax expense₹115 cr3.4%
Profit for the period₹308 cr9.2%
Total income ₹3,364 cradds up to ₹100 ✓
Quarterly results · consolidated (₹ cr)
MetricQ3 FY26Q4 FY26Q1 FY27
Revenue3,175 cr3,442 cr3,281 cr
Total income3,252 cr3,519 cr3,364 cr
Expenses2,832 cr3,028 cr2,942 cr
Profit before tax384 cr490 cr423 cr
Tax100 cr129 cr115 cr
Net profit (owners' share)285 cr365 cr304 cr
Net margin (owners' share, on revenue)9.0%10.6%9.3%
EPS (₹)1.812.311.99
YoY (latest quarter): total income +15.8% · net profit +13.0%
Balance sheet & cash flow · as of Mar 2026
Debt-free
Total assets
₹12,668 cr
Shareholder equity
₹7,970 cr
parent shareholders
Total debt
₹26 L
Cash
₹301 cr
Cash flow · H1 FY26
Operating
₹481 cr
Investing
₹-3,714 cr
Financing
₹3,014 cr
Peer comparison
Heavy Electrical Equipment · by market value
CompanyPriceMarket capP/E
Siemens Limited₹3,764₹8.37 L cr97.6
ABB India Limited₹7,131₹1.51 L cr102.1
Bharat Heavy Electricals Limited₹429₹1.49 L cr99.4
Hitachi Energy India Limited₹31,230₹1.39 L cr118.3
CG Power and Industrial Solutions Limitedthis company₹880₹1.39 L cr110.6
GE Vernova T&D India Limited₹4,341₹1.11 L cr76.5
Siemens Energy India Limited₹3,109₹1.11 L cr62.8
Suzlon Energy Limited₹43₹58,505 cr48.3
Thermax Limited₹3,570₹40,210 cr398.4
Same industry · latest reported numbers · not a recommendation.
Corporate actions
Dividend yield
0.15%
trailing 12 months
Dividend / share (TTM)
₹1.3
Last dividend
₹1.3
ex 30 Jan 2026
ActionDetailEx-date
Dividend₹1.3 / share30 Jan 2026
Dividend₹1.3 / share21 Mar 2025
Dividend₹1.3 / share5 Feb 2024
Dividend₹1.5 / share15 Mar 2023
Dividend₹0.4 / share6 Feb 2015
Dividend₹0.4 / share22 Oct 2014
Who owns it · 2026-06-30
No pledge
Promoter
56.4%
FII / Foreign
12.0%
DII / Domestic
18.3%
Retail / others
13.4%
Promoter stake down 1.8% over the last 12 quarters.
Smart-money activity
Insider trades
SoldMamta Maurya · Immediate relative42,090 · ₹72.6 L21 Jun 22
BoughtMamta Maurya · Immediate relative1,100 · ₹86,92017 Jun 21
BoughtMamta Maurya · Immediate relative6,000 · ₹5.0 L16 Jun 21
Bulk / block deals
short · NSE1509 Sep 26
short · NSE2008 Sep 26
short · NSE8947 Sep 26
Stake changes
BoughtTube Investments of India Limited alongwith PAC · promoter→ 55.57% · 9.00 cr11 Feb 22
BoughtTube Investments of India Limited · promoter→ 53.16% · 6.87 cr19 Dec 20
BoughtTUBE INVESTMENTS OF INDIA LIMITED→ 50.62% · 64.25 cr26 Nov 20
Promoter pledges
ReleasedTube Investments of India Limited77.88 cr · 51.00% held31 Mar 23
ReleasedState Bank of India as the Lender and SBICAP Trustee Company Limited as Security Trustee77.88 cr · 51.00% held31 Mar 23
PledgedState Bank of India as the Lender and SBICAP Trustee Company Limited as Security Trustee9.64 cr · 50.48% held11 Feb 22
What shareholders were asked to approve
1 proposal passed only on promoter votes

A company cannot decide everything on its own. Things like a top executive’s pay, issuing new shares, or re-appointing a director have to be put to the people who own the company, and they vote — one vote per share. So whoever owns the most shares has the most say.

Postal ballot · 5 Mar 2026
See the official result
1
Re-appointment of Mr. Sriram Sivaram (DIN: 01070444) as a Non-Executive Independent Director of the Company
Backed by 95% of shareholders other than promotersneeded 75%
37.12 cr votes for, 1.79 cr against · 5% of mutual funds and other big investors said no

Every vote count above is taken from the result the company filed with the stock exchange, certified by an independent counter. To work out what would have happened without the promoters, we simply remove their votes and re-apply the same legal bar the proposal had to clear. Nothing here is an estimate or an opinion.

Who controls this company, and what it pays them

Most Indian companies are controlled by a family or group — the promoters. The exchange requires them to be listed by name, including members who own no shares at all, and requires the company to disclose any business it does with them.

The promoter group — 192 named members
owning 56.4% between them · as of 2026-06-30
Tube Investments of India Limited56.29%
M A MURUGAPPAN HOLDINGS LLP (Formerly, M A Murugappan Holdings Private Limited)0.02%
M.A.ALAGAPPAN0.01%
M A M ARUNACHALAM0.01%
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%
3xper Innoventure Labs Limitedno shares
3XPER INNOVENTURE LIMITEDno shares
Business done with them
FY2026 · 4 of the group
The company paid ₹131 cr to companies in the promoter group last year — about 1.1% of its ₹12,418 cr revenue and received ₹2 cr back from them.
Tube Investments of India Limited
Other payments to them
also owns 56.29% of the company
₹116 cr
company paid
Mavco Investments Private Limited
Other payments to them
₹12 cr
company paid
Shanthi Gears Limited
Bought goods from them
₹3 cr
company paid
Shanthi Gears Limited
Sold goods to them
₹1 cr
company received
3Xper Innoventure Limited
Sold goods to them
₹42 L
company received
Tube Investments of India Limited
Sold goods to them
also owns 56.29% of the company
₹39 L
company received
Shanthi Gears Limited
Bought property or assets from them
₹26 L
company paid

The company also transacted with 3 other related parties — subsidiaries, joint ventures, directors and others — that we could not match by name to the promoter list above. Some may still be connected to the family; we only count the ones the filings let us match with certainty.

Names and holdings from the company’s shareholding pattern filed with the exchange; transactions from the related-party note in its annual report. Every figure is as filed — these are legal, disclosed dealings, and what to make of them is your call.

Money it raised, and what it did with it

When a company raises money from investors, it has to say up front what the money is for. The rules then make it report, every three months until the money is gone, how much of each of those things it has actually paid for — so a promise made while asking for the money can be checked afterwards.

₹3,000 cr raised in Jul 2025 by selling shares to large investors

As of Jun 2026, the company says it has spent 16% of what it set aside, leaving ₹2,497 cr still to be spent. CARE Ratings Limited watches the spending on the exchange’s behalf.

Investment in our Subsidiary, CG Semi Private Limited, for funding capital expenditure requirements in relation to setting up an OSAT facility
17%
₹185 cr of ₹1,063 cr
Funding capital expenditure requirements and strategic initiatives of our Company for the following: a) setting up of a power transformer plant; b) development of a leasehold land;
28%
₹242 cr of ₹857 cr
Acquisitions and inorganic growth opportunities by our Company
0%
₹0 cr of ₹330 cr
General Corporate Purpose
7%
₹50 cr of ₹724 cr
Spent by quarter: 5%8%12%16% (to Jun 2026)

Every figure above is taken from the statement the company files with the stock exchange each quarter, for as long as money it has raised remains unspent. The only thing we work out is how much of each stated purpose has been paid for — one number divided by another from the same filing. Whether a plan that changed was a good change is not something a filing can tell you. See the filing

How the stock has moved · adjusted for splits & bonuses
Data from primary exchange filings · analysis tool, not investment advice.