GVT&DCapital Goods

GE Vernova T&D India Limited

Heavy Electrical Equipment · ISIN INE200A01026 · BSE 522275 · NSE EQ · FV ₹2
Last price
₹4,341
+1.73%today
What this company does

GE Vernova T&D India Limited operates in Heavy Electrical Equipment, part of the Capital Goods sector. It booked ₹1,836 cr of revenue in its latest quarter (Q1 FY27) and kept 19.8% of sales as profit. It is the 6th largest of 9 Heavy Electrical Equipment companies we track, by market value.

75out of 100
Equitytale Health Score
Solid

Healthier than 75% of companies in Capital Goods, on all six measures of filed financials. Each measure is ranked against the 82–113 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)
48

At close. Not part of the score.

Profitability & returns96

How much profit it earns on the money it employs

Balance sheet82

How much it owes, and whether earnings cover the interest

Cash quality67

Whether reported profit actually arrives as cash

Growth & consistency78

Whether sales and profit have grown, and how steadily

Valuation18

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 20% net margin
Sales up 38% vs last year
Profit up 25% vs last year
Promoters hold 51%
No promoter shares pledged
Strong 54% 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 We do not publish price targets or predict returns.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
₹4,341 +1.73%
latest close · 2026-09-17
1-year return
+2879.4%
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 ratio76.5High
LowAverageHigh
P/B ratio41.32High
Below bookModerateHigh
EV / EBITDA54.5High
LowAverageHigh
How good is the business?
How much profit it earns from its money and its sales.
Return on equity54.0%Strong
WeakFairStrong ▸15%
Return on capital68.9%Strong
WeakFairStrong
Net margin19.8%Strong
ThinDecentStrong
EBITDA margin27.4%Healthy
ThinDecentHealthy
Is it financially safe?
How much it owes, and whether it can comfortably cover it.
Debt to equity0.00Comfortable
LowModerateHigh ▸1
Interest cover143.4×Strong
RiskyOkayStrong ▸5×
Current ratio1.33Healthy
Tight ◂1HealthyAmple
More figures
Market cap
₹1.11 L cr
Book value
₹105
EPS
₹14.18
latest quarter
Net debt
₹-1,525 cr
more cash than debt
Enterprise value
₹1.10 L cr
EBITDA
₹2,011 cr
annualised
EBIT
₹1,962 cr
annualised
Operating margin
26.7%
Return on assets
18.8%
Earnings yield
1.31%
P/S
15.13
Sales / share
₹286.8
Tax rate
25.5%
Face value
₹2
Shares
25.6 cr
Working capital
₹1,628 cr
Current assets
₹6,520 cr
Current liabilities
₹4,892 cr
Delivery %
46.7%
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 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 ₹247₹414, midpoint ₹331

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₹1,836 cr
Other Income₹42 cr
Total Income₹1,878 cr
Cost of Materials₹1,090 cr
Purchases of Stock-in-Trade₹0 cr
Inventory Change (±)₹-13 cr
Employee Benefit Expense₹112 cr
Finance Costs₹3 cr
Depreciation & Amortisation₹12 cr
Other Expenses₹186 cr
Total Expenses₹1,391 cr
Profit before Tax₹487 cr
Tax Expense₹124 cr
Net Profit₹363 cr
Net margin on total income19.3%
Where the money goes · Q1 FY27
% of total income
Materials + stock-in-trade₹1,077 cr57.4%
Employee benefit expense₹112 cr6.0%
Finance costs₹3 cr0.2%
Depreciation & amortisation₹12 cr0.6%
Other expenses₹186 cr9.9%
Tax expense₹124 cr6.6%
Profit for the period₹363 cr19.3%
Total income ₹1,878 cradds up to ₹100 ✓
Quarterly results · consolidated (₹ cr)
MetricQ3 FY26Q4 FY26Q1 FY27
Revenue1,701 cr1,637 cr1,836 cr
Total income1,719 cr1,674 cr1,878 cr
Expenses1,260 cr1,211 cr1,391 cr
Profit before tax390 cr469 cr487 cr
Tax99 cr117 cr124 cr
Net profit (owners' share)291 cr352 cr363 cr
Net margin (owners' share, on revenue)17.1%21.5%19.8%
EPS (₹)11.3613.7414.18
YoY (latest quarter): total income +39.5% · net profit +24.7%
Balance sheet & cash flow · as of Mar 2026
Debt-free
Total assets
₹7,739 cr
Shareholder equity
₹2,690 cr
parent shareholders
Total debt
₹0 cr
Cash
₹1,525 cr
Cash flow · H1 FY26
Operating
₹605 cr
Investing
₹-51 cr
Financing
₹-139 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 Limitedthis company₹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
0.23%
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 · 2026-06-30
No pledge
Promoter
51.0%
FII / Foreign
22.9%
DII / Domestic
18.5%
Retail / others
7.6%
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 · NSE258 Sep 26
short · NSE727 Aug 26
short · NSE24026 Aug 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 2026-06-30
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.