GVT&DCapital Goods

GE Vernova T&D India Limited

Heavy Electrical Equipment · ISIN INE200A01026 · BSE 522275 · NSE EQ · FV ₹2
Last price
₹4,265
+5.31%today
What this company does

GE Vernova T&D India Limited operates in Heavy Electrical Equipment, part of the Capital Goods sector. It booked ₹2,027 cr of revenue in its latest quarter (Q2 FY27) and kept 21.3% of sales as profit. It is the 6th largest of 9 Heavy Electrical Equipment companies we track, by market value.

74out of 100
Equitytale Health Score
Solid

Healthier than 74% of companies in Capital Goods, on all six measures of filed financials. Each measure is ranked against the 87–127 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)
48

At close. Not part of the score.

Profitability & returns97

How much profit it earns on the money it employs

Balance sheet74

How much it owes, and whether earnings cover the interest

Cash quality66

Whether reported profit actually arrives as cash

Growth & consistency77

Whether sales and profit have grown, and how steadily

Valuation19

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 21% net margin
✓ Sales up 32% vs last year
✓ Profit up 44% vs last year
✓ Promoters hold 51%
✓ No promoter shares pledged
✓ Strong 52% return on equity
✓ Virtually debt-free
✓ Turns profit into real cash
Watch-outs
None flagged from our data

What if I invest in GVT&D?

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 We do not publish price targets or predict returns.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
₹4,265▲ +5.31%
latest close · 2026-11-04
1-year return
+3144.6%
52-wk low ₹8152-wk high ₹4,825
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 ratio63.3High
LowAverageHigh
P/B ratio33.15High
Below bookModerateHigh
EV / EBITDA44.5High
LowAverageHigh
How good is the business?
How much profit it earns from its money and its sales.
Return on equity52.4%Strong
WeakFairStrong ▸15%
Return on capital68.0%Strong
WeakFairStrong
Net margin21.3%Strong
ThinDecentStrong
EBITDA margin29.6%Healthy
ThinDecentHealthy
Is it financially safe?
How much it owes, and whether it can comfortably cover it.
Debt to equity0.00Comfortable
LowModerateHigh ▸1
Interest cover75.1×Strong
RiskyOkayStrong ▸5×
Current ratio1.40Healthy
Tight ◂1HealthyAmple
More figures
Market cap
₹1.09 L cr
Book value
₹129
EPS
₹16.84
latest quarter
Net debt
₹-2,375 cr
more cash than debt
Enterprise value
₹1.07 L cr
EBITDA
₹2,400 cr
annualised
EBIT
₹2,351 cr
annualised
Operating margin
29.0%
Return on assets
19.9%
Earnings yield
1.58%
P/S
13.47
Sales / share
₹316.7
Tax rate
25.6%
Face value
₹2
Shares
25.6 cr
Working capital
₹2,073 cr
Current assets
₹7,304 cr
Current liabilities
₹5,231 cr
Delivery %
50.0%
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 2026-11-04.

Worth vs price · from the exchange 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 ₹143–₹247, midpoint ₹195

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 · Q2 FY27 (consolidated)
Revenue from Operations₹2,027 cr
Other Income₹50 cr
Total Income₹2,077 cr
Cost of Materials₹1,180 cr
Purchases of Stock-in-Trade₹0 cr
Inventory Change (±)₹-55 cr
Employee Benefit Expense₹138 cr
Finance Costs₹8 cr
Depreciation & Amortisation₹12 cr
Other Expenses₹215 cr
Total Expenses₹1,497 cr
Profit before Tax₹580 cr
Tax Expense₹149 cr
Net Profit₹431 cr
Net margin on total income20.8%
Where the money goes · Q2 FY27
% of total income
Materials + stock-in-trade₹1,124 cr54.1%
Employee benefit expense₹138 cr6.6%
Finance costs₹8 cr0.4%
Depreciation & amortisation₹12 cr0.6%
Other expenses₹215 cr10.3%
Tax expense₹149 cr7.2%
Profit for the period₹431 cr20.8%
Total income ₹2,077 cradds up to ₹100 ✓
Quarterly results · consolidated (₹ cr)
MetricQ4 FY26Q1 FY27Q2 FY27
Revenue1,637 cr1,836 cr2,027 cr
Total income1,674 cr1,878 cr2,077 cr
Expenses1,211 cr1,391 cr1,497 cr
Profit before tax469 cr487 cr580 cr
Tax117 cr124 cr149 cr
Net profit (owners' share)352 cr363 cr431 cr
Net margin (owners' share, on revenue)21.5%19.8%21.3%
EPS (₹)13.7414.1816.84
YoY (latest quarter): total income +33.4% · net profit +44.0%
Balance sheet & cash flow · as of Sep 2026
Debt-free
Total assets
₹8,689 cr
Shareholder equity
₹3,295 cr
parent shareholders
Total debt
₹11 cr
Cash
₹2,386 cr
Cash flow · H1 FY27
Operating
₹1,139 cr
Investing
₹-31 cr
Financing
₹-254 cr
Peer comparison
Heavy Electrical Equipment · by market value
CompanyPriceMarket capP/E
Siemens Limited₹3,387₹7.53 L cr87.8
ABB India Limited₹6,605₹1.40 L cr94.6
Bharat Heavy Electricals Limited₹400₹1.39 L cr42.4
CG Power and Industrial Solutions Limited₹810₹1.28 L cr77.3
Hitachi Energy India Limited₹27,280₹1.22 L cr103.3
GE Vernova T&D India Limitedthis company₹4,050₹1.04 L cr60.1
Siemens Energy India Limited₹2,847₹1.01 L cr57.5
Suzlon Energy Limited₹36₹49,179 cr30.8
Thermax Limited₹3,151₹35,498 cr351.7
Same industry · latest reported numbers · not a recommendation.
Corporate actions
Dividend yield
0.23%
trailing 12 months
Dividend / share (TTM)
₹10
Last dividend
₹10
ex 21 Aug 2026
ActionDetailEx-date
Dividend₹10 / share21 Aug 2026
Dividend₹5 / share22 Aug 2025
Dividend₹2 / share28 Aug 2024
Dividend₹1.8 / share16 Jul 2019
Dividend₹1.8 / share17 Jul 2018
Dividend₹1.8 / share17 Jul 2017
Who owns it · 2026-09-30
No pledge
Promoter
51.0%
FII / Foreign
19.2%
DII / Domestic
22.2%
Retail / others
7.7%
Promoter stake down 24.0% over the last 12 quarters.
Smart-money activity
Insider trades
SoldGE Energy Europe B.V. · Promoters28,377 · ₹94.5 L1 Nov 16
SoldGE Energy Europe B.V. · Promoters14,188 · ₹48.6 L27 Oct 16
BoughtGE Energy Europe B.V, · Promoters42,570 · ₹12.8 cr18 Jan 16
Bulk / block deals
short— · NSE428 Oct 26
short— · NSE427 Oct 26
short— · NSE2330 Sep 26
Stake changes
SoldNippon India Mutual Fund→ 3.17% · 99,86417 Jun 26
SoldGrid Equipments Private ltd · promoter→ 50.70% · 2.15 cr27 Nov 24
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.

Yearly shareholder meeting · 9 Sep 2026
See the official result
1
Adoption of Audited Financial Statements for the financial year ended on March 31, 2026
Backed by 100% of shareholders other than promotersneeded 50%
8.74 cr votes for, 1.02 L against · 0% of mutual funds and other big investors said no
2
Declaration of final dividend of Rs. 10 (Rupees Ten only) per equity share of face value of Rs. 2 each for the financial year ended on 31st March, 2026.
Backed by 100% of shareholders other than promotersneeded 50%
8.76 cr votes for, 91 against · 0% of mutual funds and other big investors said no
3
Appointment of Mr. Sushil Kumar (DIN: 08510312) as Director, liable to retire by rotation
Backed by 93% of shareholders other than promotersneeded 50%
8.10 cr votes for, 64.84 L against · 7% of mutual funds and other big investors said no
4
Re-appointment of M/s. Deloitte Haskins & Sells, Chartered Accountants, as the Statutory Auditors of the Company
Backed by 100% of shareholders other than promotersneeded 50%
8.76 cr votes for, 5,399 against · 0% of mutual funds and other big investors said no
11
Increase in the Overall limits of the Company under section 186 of the Companies Act, 2013
⚑ Passed only because promoters voted yes
Backed by 52% of shareholders other than promotersneeded 75%
4.52 cr votes for, 4.23 cr against · 48% 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 — 52 named members
owning 51.0% between them · as of 2026-09-30
Grid Equipments Private Limited50.70%
GE Grid Alliance B.V.0.30%
ALSTOM (Wuxi) Disconnector Co., Ltd.no shares
AO Grid Solutionsno shares
COGELEXno shares
FRENCH LIBYAN ELECTRICAL SERVICES COMPANY (FLESCO)no shares
GE Grid Australia Pty Ltdno shares
GE Grid (Shanghai) Co., Ltd.no 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.