GVPILIndustrials

GE Power India Limited

Heavy Electrical Equipment · ISIN INE878A01011 · BSE 532309 · NSE EQ · FV ₹10
Last price
₹625
+1.43%today
What this company does

GE Power India Limited operates in Heavy Electrical Equipment, part of the Industrials sector. It booked ₹309 cr of revenue in its latest quarter (Q1 FY27) and kept 17.4% of sales as profit.

In the report:
73out of 100
Equitytale Health Score
Solid

Healthier than 73% of companies in Industrials, on all six measures of filed financials. Each measure is ranked against the 166–290 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)
36

At close. Not part of the score.

Profitability & returns94

How much profit it earns on the money it employs

Balance sheet81

How much it owes, and whether earnings cover the interest

Cash quality88

Whether reported profit actually arrives as cash

Growth & consistency22

Whether sales and profit have grown, and how steadily

Valuation45

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
Strengths
Makes a profit
Strong 17% net margin
Sales up 8% vs last year
Profit up 55% vs last year
Promoters hold 69%
No promoter shares pledged
Strong 37% return on equity
Virtually debt-free
Watch-outs
! Operating cash flow is negative

What if I invest in GVPIL?

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 15% a year, it would become
₹26.30 lakh

The slider starts at 15%, 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 We do not publish price targets or predict returns.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
₹625 +1.43%
latest close · 2026-09-17
1-year return
+97.3%
52-wk low ₹12552-wk high ₹849
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 ratio15.6Average
LowAverageHigh
P/B ratio7.21High
Below bookModerateHigh
EV / EBITDA12.3Average
LowAverageHigh
How good is the business?
How much profit it earns from its money and its sales.
Return on equity36.9%Strong
WeakFairStrong ▸15%
Return on capital41.8%Strong
WeakFairStrong
Net margin17.4%Strong
ThinDecentStrong
EBITDA margin24.8%Healthy
ThinDecentHealthy
Is it financially safe?
How much it owes, and whether it can comfortably cover it.
Debt to equity0.00Comfortable
LowModerateHigh ▸1
Interest cover16.3×Strong
RiskyOkayStrong ▸5×
Current ratio1.34Healthy
Tight ◂1HealthyAmple
More figures
Market cap
₹4,201 cr
Book value
₹87
EPS
₹9.99
latest quarter
Net debt
₹-425 cr
more cash than debt
Enterprise value
₹3,777 cr
EBITDA
₹306 cr
annualised
EBIT
₹293 cr
annualised
Operating margin
23.8%
Return on assets
10.1%
Earnings yield
6.39%
P/S
3.40
Sales / share
₹183.7
Tax rate
4.1%
Face value
₹10
Shares
6.7 cr
Working capital
₹484 cr
Current assets
₹1,920 cr
Current liabilities
₹1,436 cr
Delivery %
49.1%
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
One year's profit is a one-off (far above the multi-year norm), so its recurring earnings power is unclear.
Models span ₹888₹888, midpoint ₹888

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₹309 cr
Other Income₹32 cr
Total Income₹341 cr
Cost of Materials₹187 cr
Purchases of Stock-in-Trade₹0 cr
Inventory Change (±)₹-3 cr
Employee Benefit Expense₹41 cr
Finance Costs₹5 cr
Depreciation & Amortisation₹3 cr
Other Expenses₹39 cr
Total Expenses₹272 cr
Profit before Tax₹69 cr
Tax Expense₹3 cr
Share of JV / Associates₹1 cr
Net Profit₹54 cr
Net margin on total income15.8%
Where the money goes · Q1 FY27
% of total income
Materials + stock-in-trade₹184 cr56.1%
Employee benefit expense₹41 cr12.4%
Finance costs₹5 cr1.4%
Depreciation & amortisation₹3 cr1.0%
Other expenses₹39 cr11.9%
Tax expense₹3 cr0.9%
Profit for the period₹54 cr16.4%
Total income ₹341 cradds up to ₹100 ✓
Quarterly results · consolidated (₹ cr)
MetricQ3 FY26Q4 FY26Q1 FY27
Revenue386 cr316 cr309 cr
Total income401 cr336 cr341 cr
Expenses270 cr217 cr272 cr
Profit before tax103 cr119 cr69 cr
Tax4 cr2 cr3 cr
Net profit (owners' share)72 cr113 cr54 cr
Net margin (owners' share, on revenue)18.8%35.8%17.4%
EPS (₹)14.8618.939.99
YoY (latest quarter): total income +0.2% · net profit +54.8%
Balance sheet & cash flow · as of Mar 2026
Debt-free
Total assets
₹2,138 cr
Shareholder equity
₹583 cr
parent shareholders
Total debt
₹0 cr
Cash
₹425 cr
Cash flow · H1 FY26
Operating
₹-33 cr
Investing
₹-291 cr
Financing
₹-6 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 Limited₹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
1.12%
trailing 12 months
Dividend / share (TTM)
₹7
Last dividend
₹7
ex 31 Jul 2026
ActionDetailEx-date
Dividend₹7 / share31 Jul 2026
Dividend₹1 / share2 Aug 2021
Dividend₹2 / share2 Sep 2020
Dividend₹6 / share15 Jul 2019
Dividend₹3 / share12 Jul 2018
Dividend₹3 / share21 Jul 2017
Who owns it · 2026-06-30
No pledge
Promoter
68.6%
FII / Foreign
1.2%
DII / Domestic
1.1%
Retail / others
29.2%
Smart-money activity
Insider trades
BoughtALSTOM FINANCE B.V. (PRESENTLY KNOWN AS ALSTOM INDIA TRACKING B.V.) · Promoters13,789 · ₹88.1 L2 May 17
SoldGE Energy Europe BV · Promoters13,789 · ₹88.1 L2 May 17
BoughtGE Energy Europe BV · Promoters13,789 · ₹60.7 L18 Jan 16
Bulk / block deals
short · NSE5283 Sep 26
short · NSE3,45031 Aug 26
short · NSE214 Aug 26
What shareholders were asked to approve

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.

Yearly shareholder meeting · 14 Aug 2026
See the official result
1
To receive, consider and adopt: (a) the Audited Standalone Financial Statements of the Company for the Financial Year ended 31 March 2026, together with the Reports of the Board of Directors and Auditors thereon; and (b) the Audited Consolidated Financial Statements of the Company for the Financial Year ended 31 March 2026, together with the Report of Auditors thereon.
Backed by 100% of shareholders other than promotersneeded 50%
12.28 L votes for, 301 against · 0% of mutual funds and other big investors said no
2
To declare a final dividend of ₹7/- per equity share of face value of ₹10/- each for the Financial Year ended 31 March 2026.
Backed by 100% of shareholders other than promotersneeded 50%
12.64 L votes for, 301 against · 0% of mutual funds and other big investors said no
3
To appoint Mr. Craig Martin Richards (DIN: 11141735), who retires by rotation and being eligible, offers himself for reappointment as a Director.
Backed by 96% of shareholders other than promotersneeded 50%
12.14 L votes for, 50,311 against · 9% of mutual funds and other big investors said no
4
To re-appoint M/s. Deloitte Haskins & Sells, Chartered Accountants (Firm Registration No.: 015125N), as Statutory Auditors of the Company for a second term of five (5) consecutive years.
Backed by 100% of shareholders other than promotersneeded 50%
12.64 L votes for, 367 against · 0% 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 — 10 named members
owning 68.6% between them · as of 2026-06-30
GE Steam Power International BV (formerly GE Power India Tracking BV)68.58%
GE Power Boilers Services Limitedno shares
GE Power Global B.V.no shares
GE Power Netherlands B.V.no shares
GE Power Service Korea Ltd.no shares
GE Renewable Holding B.V.no shares
GE Steam Power FZ-LLCno shares
GE Vernova Holdings LLCno shares

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.

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