CG Power & Industrial Solutions is a global enterprise providing end-to-end solutions to utilities, industries and consumers for the management and application of efficient and sustainable electrical energy. It offers products, services and solutions in two main business segments, viz. Power Systems and Industrial Systems.
PromoterThe company is promoted by Tube Investments of India Limited, a part of the Murugappa Group. The group has a diverse presence across India and globally, with businesses spanning agriculture, engineering, financial services, and more.[1][2]
| S.No. | Name | Current Price (Rs.) | Price to Earning | Market Capitalization (Rs.Cr.) | Dividend yield (%) | Net Profit latest quarter (Rs.Cr.) | YOY Quarterly profit growth (%) | Sales latest quarter (Rs.Cr.) | YOY Quarterly sales growth (%) | Return on capital employed (%) | Sales (Rs.Cr.) | OPM (%) | Profit after tax (Rs.Cr.) | Profit after tax latest quarter (Rs.Cr.) | Price to book value | Return on assets (%) | Debt to equity |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 1. | Siemens | 2909.00 | 61.39 | 103595.52 | 0.40 | 485.40 | -7.14 | 5171.20 | 16.02 | 15.83 | 17364.20 | 11.56 | 1687.44 | 484.90 | 7.84 | 7.46 | 0.01 |
| 2. | A B B | 4863.05 | 58.30 | 103052.06 | 0.89 | 409.04 | -7.17 | 3310.72 | 13.69 | 38.65 | 13010.65 | 16.56 | 1766.99 | 408.88 | 14.36 | 16.04 | 0.01 |
| 3. | B H E L | 264.50 | 164.84 | 92100.59 | 0.19 | 374.89 | 253.17 | 7511.80 | 14.09 | 4.87 | 29269.17 | 4.03 | 558.54 | 374.89 | 3.77 | 0.81 | 0.45 |
| 4. | CG Power & Ind | 562.60 | 79.61 | 88602.66 | 0.23 | 307.18 | 38.02 | 2649.19 | 16.69 | 35.81 | 10245.05 | 13.78 | 1113.33 | 307.18 | 11.49 | 15.53 | 0.01 |
| 5. | Siemens Ener.Ind | 2319.00 | 75.11 | 82584.36 | 0.17 | 359.60 | – | 2645.70 | – | 38.52 | 7826.70 | 19.34 | 1100.10 | 359.60 | 18.85 | 13.26 | 0.03 |
| 6. | Hitachi Energy | 16160.00 | 100.45 | 72028.92 | 0.04 | 264.36 | 405.57 | 1832.55 | 17.94 | 19.44 | 6815.40 | 12.60 | 717.23 | 264.36 | 15.76 | 5.77 | 0.02 |
| 7. | GE Vernova T&D | 2653.00 | 73.75 | 67930.12 | 0.18 | 299.48 | 107.08 | 1538.46 | 38.88 | 54.74 | 5094.78 | 23.87 | 919.85 | 299.48 | 32.63 | 14.76 | 0.01 |
| – | Median: 37 Co. | 503.5 | 43.85 | 6267.46 | 0.05 | 46.34 | 41.39 | 482.56 | 25.05 | 28.09 | 1522.91 | 13.99 | 169.5 | 46.34 | 5.56 | 12.29 | 0.14 |
Standalone figures in ₹ crores
| Sep 2022 | Dec 2022 | Mar 2023 | Jun 2023 | Sep 2023 | Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Sales | 1,588 | 1,645 | 1,788 | 1,766 | 1,900 | 1,860 | 2,084 | 2,106 | 2,270 | 2,389 | 2,563 | 2,643 | 2,649 |
Expenses | 1,346 | 1,385 | 1,530 | 1,515 | 1,605 | 1,613 | 1,803 | 1,793 | 1,984 | 2,060 | 2,226 | 2,270 | 2,279 |
Operating Profit | 242 | 260 | 258 | 251 | 295 | 247 | 281 | 313 | 286 | 329 | 338 | 374 | 370 |
Other Income | 18 | 86 | 18 | 26 | 160 | 55 | 56 | 33 | 36 | 31 | 69 | 33 | 64 |
Profit before tax | 238 | 324 | 255 | 256 | 436 | 282 | 316 | 325 | 298 | 338 | 381 | 383 | 409 |
Tax % | 25% | 25% | 6% | 25% | 18% | 23% | 24% | 29% | 25% | 28% | 28% | 25% | 25% |
Net Profit | 178 | 243 | 240 | 192 | 355 | 216 | 241 | 232 | 223 | 244 | 275 | 286 | 307 |
EPS in Rs | 1.17 | 1.59 | 1.57 | 1.26 | 2.33 | 1.42 | 1.58 | 1.52 | 1.46 | 1.60 | 1.80 | 1.87 | 1.95 |
Standalone Figures in ₹ Crores / Yearly
| Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | TTM | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Sales | 7,571 | 4,524 | 3,901 | 4,357 | 5,008 | 5,356 | 3,169 | 2,526 | 5,159 | 6,580 | 7,610 | 9,329 | 10,245 |
Expenses | 6,954 | 4,478 | 3,676 | 4,067 | 4,646 | 5,079 | 3,066 | 2,411 | 4,562 | 5,643 | 6,534 | 8,055 | 8,834 |
Operating Profit | 617 | 46 | 225 | 290 | 362 | 277 | 103 | 114 | 597 | 937 | 1,076 | 1,274 | 1,411 |
Other Income | 225 | 695 | -1,140 | 101 | 138 | -1,242 | -1,312 | 957 | 285 | 135 | 293 | 161 | 197 |
Interest | 40 | 43 | 40 | 164 | 302 | 337 | 248 | 166 | 66 | 15 | 3 | 6 | 7 |
Depreciation | 89 | 113 | 99 | 92 | 102 | 104 | 91 | 81 | 74 | 75 | 78 | 86 | 91 |
Profit before tax | 712 | 586 | -1,053 | 135 | 95 | -1,406 | -1,548 | 824 | 742 | 983 | 1,289 | 1,342 | 1,511 |
Net Profit | 521 | 589 | -1,099 | 124 | 19 | -1,417 | -1,480 | 689 | 627 | 785 | 1,004 | 974 | 1,113 |
EPS in Rs | 8.31 | 9.40 | -17.53 | 1.99 | 0.31 | -22.62 | -23.61 | 5.15 | 4.35 | 5.14 | 6.58 | 6.37 | 7.22 |
Dividend Payout % | 14% | 13% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 29% | 20% | 20% | – |
Standalone figures in ₹ crores
| Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Sep 2025 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Equity Capital | 125 | 125 | 125 | 125 | 125 | 125 | 125 | 268 | 288 | 305 | 305 | 306 | 315 |
Reserves | 3,231 | 4,490 | 4,003 | 4,074 | 4,029 | 2,388 | -442 | 766 | 1,531 | 2,125 | 2,940 | 3,763 | 7,358 |
Borrowings | 31 | 68 | 582 | 1,334 | 2,172 | 2,163 | 1,814 | 953 | 310 | 17 | 15 | 18 | 50 |
Other Liabilities | 2,200 | 2,996 | 1,915 | 1,858 | 2,456 | 2,579 | 1,853 | 1,892 | 1,709 | 1,807 | 2,164 | 2,733 | 2,961 |
Total Liabilities | 5,587 | 7,679 | 6,625 | 7,391 | 8,783 | 7,255 | 3,350 | 3,879 | 3,838 | 4,254 | 5,425 | 6,820 | 10,684 |
Fixed Assets | 755 | 1,587 | 1,347 | 1,279 | 1,337 | 1,007 | 883 | 801 | 768 | 771 | 831 | 855 | 929 |
Gross Block | 1,594 | 2,317 | 2,146 | 2,109 | 1,787 | 1,556 | 1,493 | 1,463 | 1,501 | 1,570 | 1,703 | 1,802 | – |
Accumulated Depreciation | 840 | 730 | 800 | 830 | 450 | 549 | 610 | 662 | 733 | 799 | 872 | 947 | – |
CWIP | 68 | 33 | 40 | 36 | 40 | 35 | 15 | 10 | 25 | 29 | 85 | 240 | 303 |
Investments | 826 | 1,171 | 483 | 446 | 1,029 | 899 | 15 | 304 | 343 | 303 | 995 | 1,593 | 2,539 |
Other Assets | 3,938 | 4,889 | 4,756 | 5,630 | 6,377 | 5,314 | 2,437 | 2,764 | 2,703 | 3,151 | 3,514 | 4,132 | 6,914 |
Total Assets | 5,587 | 7,679 | 6,625 | 7,391 | 8,783 | 7,255 | 3,350 | 3,879 | 3,838 | 4,254 | 5,425 | 6,820 | 10,684 |
Standalone Figures in ₹ Crores / Yearly
| Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
Cash from Operating Activity | 217 | -626 | -921 | -733 | -59 | 983 | 635 | -335 | 450 | 890 | 963 | 960 |
Cash from Investing Activity | 182 | -9 | 736 | 190 | -340 | -642 | -142 | -4 | 190 | 7 | -1,215 | -914 |
Cash from Financing Activity | -245 | 493 | 397 | 588 | 338 | -430 | -497 | 596 | -675 | -585 | -243 | -174 |
Net Cash Flow | 154 | -141 | 212 | 44 | -61 | -89 | -3 | 256 | -36 | 313 | -495 | -128 |
Standalone Figures in ₹ Crores / Yearly
| Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
Debtor Days | 92 | 146 | 154 | 124 | 117 | 80 | 46 | 75 | 63 | 68 | 70 | 74 |
Inventory Days | 36 | 43 | 53 | 86 | 43 | 53 | 46 | 80 | 44 | 38 | 47 | 57 |
Days Payable | 102 | 111 | 135 | 124 | 130 | 154 | 199 | 208 | 110 | 96 | 100 | 98 |
Cash Conversion Cycle | 26 | 78 | 71 | 85 | 29 | -21 | -107 | -53 | -3 | 11 | 18 | 32 |
Working Capital Days | 65 | 247 | 166 | 205 | -32 | -79 | -223 | -53 | -1 | 8 | 16 | 22 |
ROCE % | 23% | 6% | 8% | 8% | 9% | 8% | 2% | 4% | 28% | 41% | 39% | 36% |
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Stock Analysis
CG Power and Industrial Solutions Limited is a leading Indian engineering conglomerate with operations spanning industrial systems and power systems, including a recent expansion into the semiconductor sector. It is part of the Murugappa Group.
The company's strategic entry into the global data center vertical with its largest ever export order, coupled with its established presence in industrial and power systems and its semiconductor business development, are key growth triggers. This order validates its global capabilities and growth strategy.
As of September 2025, CG Power reported an unexecuted order backlog of ₹13,568 Crore, reflecting a 73% year-on-year increase. The new ~₹900 Crore order for US data centers will significantly add to this robust backlog.
No specific red flags directly related to this announcement were identified in the provided data. The company's financial health appears stable with low debt.
Execution of the order is planned over a 12 to 20-month period, with specific timelines for deliveries to be monitored.
Corporate Announcements
