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Swing Capital

CG Power & Industrial Solutions Ltd

NSE: CGPOWER BSE: 500093Energy

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.

₹810
52W: ₹526 — ₹888
PE 94.9 · Book ₹52.2 · +1452% vs book
Market Cap₹1,27,523 Cr
Stock P/E94.9Price to Earnings
ROCE29.2%Return on Capital
ROE21.9%Return on Equity
Div. Yield0.16%Face Value ₹2

Strengths

  • +Company is almost debt free.
  • +Company has delivered good profit growth of 75.8% CAGR over last 5 years
  • +Company has a good return on equity (ROE) track record: 3 Years ROE 25.1%
  • +Company has been maintaining a healthy dividend payout of 18.6%

Weaknesses

  • −Stock is trading at 15.5 times its book value
  • −Working capital days have increased from 39.7 days to 81.7 days

Shareholding Pattern

Promoters56.36%
FIIs12.03%
DIIs18.01%
Public13.53%
CategoryJun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026
Promoters58.09%58.07%▼0.058.06%▼0.058.06%58.05%▼0.056.37%▼1.756.36%▼0.056.36%
FIIs14.64%14.58%▼0.114.3%▼0.312.97%▼1.312.69%▼0.313.02%▲0.312.02%▼1.012.03%▲0.0
DIIs11.07%11.43%▲0.411.91%▲0.513.58%▲1.714.22%▲0.616.26%▲2.017.52%▲1.318.01%▲0.5
Public16.19%15.92%▼0.315.73%▼0.215.39%▼0.315.02%▼0.414.35%▼0.714.05%▼0.313.53%▼0.5

Financial Statements

MetricDec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026
Sales1,8602,0842,1062,2702,3892,5632,6432,6492,9093,128
Expenses1,6131,8031,7931,9842,0602,2262,2702,2792,5022,643
Operating Profit247281313286329338374370408485
OPM %13%13%15%13%14%13%14%14%14%16%
Net Profit216241232223244275286307312412
EPS ₹1.421.581.521.461.61.81.871.951.982.61

AI Insights

Revenue Trend

Mar 2026 revenue at ₹11,331Cr, up 21.5% YoY. OPM at 14%.

Debt Position

Borrowings at ₹46Cr. Debt-to-equity ratio: 0.01x. Healthy balance sheet.

Capex Cycle

CWIP at ₹448Cr (47% of fixed assets). Significant capex underway — growth runway building.

Institutional Flow

DIIs: 18.01% (+10.27pp change). FIIs: 12.03% (-3.91pp change). Promoters hold 56.36%.

Margin & Efficiency

ROCE improving from 6% (Mar 2015) to 29% (Mar 2026). Working capital days: 82.

Valuation

PE 94.9x with 29.2% ROCE. Price is 1452% above book value of ₹52.2. Dividend yield: 0.16%.

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