PIGLIndustrials

Power & Instrumentation (Gujarat) Limited

Other Electrical Equipment · ISIN INE557Z01018 · BSE 543912 · NSE EQ · FV ₹10
Last price
₹100
-1.95%today
What this company does

Power & Instrumentation (Gujarat) Limited operates in Other Electrical Equipment, part of the Industrials sector. It booked ₹49 cr of revenue in its latest quarter (Q1 FY27) and kept 5.9% of sales as profit.

In the report:
59out of 100
Equitytale Health Score
Mixed

Healthier than 59% of companies in Industrials, on the 5 of 6 measures we could read for it. Each measure is ranked against the 51–290 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)
44

At close. Not part of the score.

Profitability & returns45

How much profit it earns on the money it employs

Balance sheet69

How much it owes, and whether earnings cover the interest

Cash quality43

Whether reported profit actually arrives as cash

Valuation58

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

Not measurable for this company: growth & consistency. Those pillars are left out of the score rather than counted as zero.

Is this company doing well?
not investment advice
Strengths
Makes a profit
Sales up 18% vs last year
Profit up 10% vs last year
Promoters hold 51%
No promoter shares pledged
Virtually debt-free
Turns profit into real cash
Watch-outs
! Thin 5.9% net margin
! Low 7.6% return on equity

What if I invest in PIGL?

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 10% a year, it would become
₹20.15 lakh

The starting rate is a round number, not a view on this company — 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 We do not publish price targets or predict returns.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
₹100 -1.95%
latest close · 2026-09-17
1-year return
+863.9%
52-wk low ₹1052-wk high ₹115
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 ratio17.3Average
LowAverageHigh
P/B ratio1.38Moderate
Below bookModerateHigh
EV / EBITDA10.1Average
LowAverageHigh
How good is the business?
How much profit it earns from its money and its sales.
Return on equity7.6%Weak
WeakFairStrong ▸15%
Return on capital11.4%Fair
WeakFairStrong
Net margin5.9%Decent
ThinDecentStrong
EBITDA margin11.2%Decent
ThinDecentHealthy
Is it financially safe?
How much it owes, and whether it can comfortably cover it.
Debt to equity0.08Comfortable
LowModerateHigh ▸1
Interest cover4.1×Okay
RiskyOkayStrong ▸5×
Current ratio2.44Ample
Tight ◂1HealthyAmple
More figures
Market cap
₹211 cr
Book value
₹72
EPS
₹1.44
latest quarter
Net debt
₹9 cr
owes more than its cash
Enterprise value
₹220 cr
EBITDA
₹22 cr
annualised
EBIT
₹21 cr
annualised
Operating margin
10.6%
Return on assets
4.9%
Earnings yield
5.77%
P/S
1.08
Sales / share
₹92.5
Tax rate
21.7%
Face value
₹10
Shares
2.1 cr
Working capital
₹76 cr
Current assets
₹129 cr
Current liabilities
₹53 cr
Delivery %
60.6%
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 2025 report & filings
not investment advice
Looks overpricedMedium confidence
Median of 2 models ₹69 vs market price ₹100 — price is 44% above it
Safety cushion-44.1%(target ≥ +20%)
Models span ₹41₹98, midpoint ₹69
Model ₹69
Price ₹100
Cheap sideExpensive side

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₹49 cr
Other Income₹43.8 L
Total Income₹49 cr
Cost of Materials₹3 cr
Purchases of Stock-in-Trade₹43 cr
Inventory Change (±)₹-5 cr
Employee Benefit Expense₹1 cr
Finance Costs₹1 cr
Depreciation & Amortisation₹29.5 L
Other Expenses₹2 cr
Total Expenses₹45 cr
Profit before Tax₹4 cr
Tax Expense₹84.3 L
Share of JV / Associates₹-0.11 L
Net Profit₹3 cr
Net margin on total income6.2%
Where the money goes · Q1 FY27
% of total income
Materials + stock-in-trade₹41 cr82.3%
Employee benefit expense₹1 cr2.7%
Finance costs₹1 cr2.6%
Depreciation & amortisation₹29.5 L0.6%
Other expenses₹2 cr3.9%
Tax expense₹84.3 L1.7%
Profit for the period₹3 cr6.2%
Total income ₹49 cradds up to ₹100 ✓
Quarterly results · consolidated (₹ cr)
MetricQ3 FY26Q4 FY26Q1 FY27
Revenue49 cr59 cr49 cr
Total income49 cr59 cr49 cr
Expenses44 cr54 cr45 cr
Profit before tax5 cr5 cr4 cr
Tax95.8 L56.6 L84.3 L
Net profit (owners' share)4 cr4 cr3 cr
Net margin (owners' share, on revenue)7.3%6.2%5.9%
EPS (₹)1.821.321.44
YoY (latest quarter): total income +18.7% · net profit +10.3%
Balance sheet & cash flow · as of Mar 2026
Low debt
Total assets
₹234 cr
Shareholder equity
₹153 cr
parent shareholders
Total debt
₹13 cr
Cash
₹4 cr
Cash flow · H1 FY26
Operating
₹16 cr
Investing
₹-17 cr
Financing
₹1 cr
Peer comparison
Other Electrical Equipment · by market value
CompanyPriceMarket capP/E
Apar Industries Limited₹17,801₹71,507 cr38.2
Waaree Energies Limited₹2,473₹71,136 cr20.9
Premier Energies Limited₹880₹39,948 cr21.1
Emmvee Photovoltaic Power Limited₹326₹22,536 cr14.8
Mtar Technologies Limited₹7,060₹21,716 cr108.1
Diamond Power Infrastructure Limited₹376₹19,817 cr84.7
Avalon Technologies Limited₹2,230₹14,899 cr106.8
Fujiyama Power Systems Limited₹409₹12,551 cr54.4
Waaree Renewable Technologies Limited₹811₹8,463 cr18.3
Same industry · latest reported numbers · not a recommendation.
Corporate actions
Dividend yield
0.20%
trailing 12 months
Dividend / share (TTM)
₹0.2
Last dividend
₹0.2
ex 19 Sep 2025
ActionDetailEx-date
Dividend₹0.2 / share19 Sep 2025
Dividend₹0.2 / share23 Sep 2024
Dividend₹0.2 / share22 Sep 2023
Who owns it · 2026-06-30
No pledge
Promoter
50.7%
FII / Foreign
0.0%
DII / Domestic
0.8%
Retail / others
48.5%
Promoter stake up 5.0% over the last 12 quarters.
Smart-money activity
Insider trades
SoldPADMAVIR HOSPITALITY LLP · Promoter Group3.00 L · ₹1.9 cr19 Mar 26
BoughtPADMAVIR HOSPITALITY LLP · Promoter Group3.00 L · ₹2.5 cr19 Mar 26
SoldPADMARAJ P PILLAI HUF · Promoter Group2.15 L · ₹1.4 cr18 Mar 26
Bulk / block deals
BoughtSAHASTRAA ADVISORS PRIVATE LIMITED · NSE1.80 L @ ₹108.7219 Jan 26
SoldMANSI SHARE AND STOCK BROKING PRIVATE LIMITED · NSE1.80 L @ ₹108.6519 Jan 26
SoldMUSKAAN SARIN · NSE1.17 L @ ₹173.878 Oct 25
Stake changes
BoughtPADMAVIR HOSPITALITY LLP · promoter→ 8.03% · 3.00 L19 Mar 26
BoughtPADMARAJ P PILLAI HUF · promoter→ 3.83% · 2.15 L18 Mar 26
BoughtPADMARAJ P PILLAI HUF · promoter→ 2.88% · 3.00 L16 Mar 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 · 27 Sep 2025
See the official result
1
To receive, consider and adopt • the Standalone audited Financial Statement of the Company for the financial year ended March 31, 2025 and the reports of the Board of Directors and Auditors thereon; • the Consolidated audited Financial Statement of the Company for the financial year ended March 31, 2025 and the reports of Auditors thereon
Backed by 100% of shareholders other than promotersneeded 50%
7.54 L votes for, 0 against
2
To appoint a Director in place of Mr. Sumeet Dileep Agnihotri (DIN: 02026337) who retires by rotation and being eligible, offers himself for re-appointment
Backed by 100% of shareholders other than promotersneeded 50%
7.54 L votes for, 0 against
3
To declare a Final Dividend of 0.20 (Twenty Paisa Only) (i.e.2%) per equity share for the Financial Year ended March 31, 2025 as recommended by the Board of Directors.
Backed by 100% of shareholders other than promotersneeded 50%
7.54 L votes for, 1,050 against
4
To Approve the Remuneration to M/S. Mayur Chhaganbhai Undhad & Co., Cost Accountant, Ahmedabad (FRN: 103961), the Cost Auditors of the Company for the Financial Year ending on March 31, 2026.
Backed by 99% of shareholders other than promotersneeded 50%
7.43 L votes for, 10,640 against

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 50.7% between them · as of 2026-06-30
PADMARAJ PADMNABHAN PILLAI15.40%
PADMAVIR HOSPITALITY LLP8.03%
PADMAVATI PADMANABHAN PILLAI7.99%
POWER INFRA CONS PRIVATE LIMITED7.79%
KAVITA PADMARAJ PILLAI5.50%
PADMARAJ P PILLAI HUF3.78%
SHREEKALA PADMANABHAN PILLAI1.35%
PADMARAJ PADMANABH PILLAI0.85%

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.

₹2 cr raised in Mar 2026 by selling shares to selected investors

The company has not broken this money down into purposes in its filing for Mar 2026, so there is nothing to measure it against yet.

₹3 cr raised in Mar 2026 by selling shares to selected investors

The company has not broken this money down into purposes in its filing for Mar 2026, so there is nothing to measure it against yet.

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.