सीजी पावर पर ₹365 करोड़ का टैक्स नोटिस, रिन्यूएबल एनर्जी सेक्टर में प्रोजेक्ट माइलस्टोन

Energy

Published on 20th November 2025, 1:46 AM

Author

Akshat Lakshkar | Whalesbook News Team

Overview

सीजी पावर एंड इंडस्ट्रियल सॉल्यूशंस को ₹365.37 करोड़ की टैक्स डिमांड का सामना करना पड़ रहा है। इसके अलावा, भारतीय रिन्यूएबल एनर्जी सेक्टर में मजबूत प्रगति देखी जा रही है, जहां सर्वोटेक रिन्यूएबल पावर सिस्टम ने ₹73.70 करोड़ का सौर परियोजना हासिल किया है, एसीएमई इको क्लीन एनर्जी ने पवन ऊर्जा का एक चरण शुरू किया है, और सिंगारेनी कोलियरीज कंपनी ने भविष्य की परियोजनाओं के लिए एनटीपीसी ग्रीन एनर्जी के साथ साझेदारी की है। गोदावरी न्यू एनर्जी ने भी बैटरी स्टोरेज सिस्टम के लिए फंड जुटाया है, जो हरित प्रौद्योगिकियों में निरंतर निवेश का संकेत देता है।

CG Power and Industrial Solutions Ltd

₹ 710-1.53%

21 Nov – close price

🔗cgglobal.com•BSE: 500093•NSE: CGPOWER

Market Cap₹ 1,11,850 Cr.

Current Price₹ 710

High / Low₹ 811

Stock P/E100

Book Value₹ 48.7

Dividend Yield0.18 %

ROCE35.8 %

ROE26.0 %

Face Value₹ 2.00

Sales₹ 10,245 Cr.

OPM13.8 %

Mar Cap₹ 1,11,850 Cr.

ABOUT

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.

KEY POINTS

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]

Peer Comparision

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 Ener.Ind	3332.90	225.81	118694.95	0.00	262.70	80.18	1784.60	20.24	–	2653.40	22.21	408.73	262.70	30.77	–	0.03
2.	Siemens	3173.50	67.01	113072.85	0.38	485.40	-7.14	5171.20	16.02	15.83	17364.20	11.56	1687.44	484.90	8.54	7.46	0.01
3.	CG Power & Ind	710.20	100.46	111849.53	0.18	307.18	38.02	2649.19	16.69	35.81	10245.05	13.78	1113.33	307.18	14.57	15.53	0.01
4.	A B B	5092.00	61.18	108095.91	0.87	409.04	-7.17	3310.72	13.69	38.65	13010.65	16.56	1766.99	408.88	15.00	16.04	0.01
5.	B H E L	282.50	176.12	98368.29	0.18	374.89	253.17	7511.80	14.09	4.87	29269.17	4.03	558.54	374.89	4.03	0.81	0.45
6.	Hitachi Energy	21563.00	133.99	96104.53	0.03	264.36	405.57	1832.55	17.94	19.44	6815.40	12.60	717.23	264.36	20.97	5.77	0.02
7.	Suzlon Energy	55.10	23.62	74957.43	0.00	1279.44	539.08	3870.78	84.03	32.52	13767.27	18.25	3172.90	1279.44	9.53	20.63	0.05
–	Median: 37 Co.	647.05	46.72	7424.38	0.03	37.35	42.22	460.03	22.84	27.97	1522.91	13.99	169.5	45.14	6.51	11.82	0.14

Quarterly Results

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

Profit & Loss

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%	–

Compounded Sales Growth

10 Years:8%

5 Years:24%

3 Years:22%

TTM:23%

Compounded Profit Growth

10 Years:16%

5 Years:60%

3 Years:31%

TTM:22%

Stock Price CAGR

10 Years:28%

5 Years:82%

3 Years:38%

1 Year:-3%

Return on Equity

10 Years:12%

5 Years:28%

3 Years:30%

Last Year:26%

Balance Sheet

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

Cash Flows

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

Ratios

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%

Shareholding Pattern
Numbers in percentages

	Dec 2022	Mar 2023	Jun 2023	Sep 2023	Dec 2023	Mar 2024	Jun 2024	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025
Promoters	58.12%	58.12%	58.12%	58.12%	58.12%	58.11%	58.09%	58.07%	58.06%	58.06%	58.05%	56.37%
FIIs	12.96%	15.39%	15.94%	16.74%	16.05%	15.18%	14.64%	14.58%	14.30%	12.97%	12.69%	13.02%
DIIs	8.32%	7.17%	7.74%	7.83%	9.15%	10.09%	11.07%	11.43%	11.91%	13.58%	14.22%	16.26%
Public	20.60%	19.32%	18.18%	17.31%	16.69%	16.61%	16.19%	15.92%	15.73%	15.39%	15.02%	14.35%