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CG Power & Industrial Solutions Ltd
(CGPOWER)
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Rating:63Neutral
Price Target:
₹939.00
▲(5.68% Upside)
Action:Downgraded
Date:08/09/26
The score is primarily driven by strong financial performance (especially the strengthened, low-debt balance sheet and solid revenue/profitability profile). This is materially offset by elevated valuation (very high P/E and minimal yield) and a mixed near-term technical setup with negative MACD and price below key short-term averages. The largest swing factor to monitor is cash-flow consistency after the latest free-cash-flow weakness.
Positive Factors
Low Leverage / Strong Balance Sheet
Extremely low debt and a materially stronger equity base provide durable financial flexibility. This supports bidding on large engineered orders, funds capex without refinancing, and cushions cyclicality in utilities/industrial demand, reducing solvency and funding risk over months.
Negative Factors
Weak Free Cash Flow / Cash Conversion
Falling FCF and a sharp deterioration in cash conversion reduce internal funding for capex, working capital and dividends. Over the medium term this raises dependence on balance-sheet flexibility for growth investments and increases sensitivity to working-capital swings.
Read all positive and negative factors
Positive Factors
Negative Factors
Low Leverage / Strong Balance Sheet
Extremely low debt and a materially stronger equity base provide durable financial flexibility. This supports bidding on large engineered orders, funds capex without refinancing, and cushions cyclicality in utilities/industrial demand, reducing solvency and funding risk over months.
Read all positive factors
CG Power & Industrial Solutions Ltd (CGPOWER) vs. iShares MSCI India ETF (INDA)
Market Cap
₹1.42T
Dividend Yield0.14%
Average Volume (3M)203.78K
Price to Earnings (P/E)114.7
Beta (1Y)1.44
Revenue Growth21.42%
EPS Growth21.02%
CountryIN
Employees3,113
SectorGeneral
Sector StrengthN/A
IndustryElectrical Equipment & Parts
Share Statistics
EPS (TTM)7.94
Shares Outstanding1,575,450,100
10 Day Avg. Volume135,167
30 Day Avg. Volume203,784
Financial Highlights & Ratios
PEG Ratio4.04
Price to Book (P/B)12.84
Price to Sales (P/S)8.24
P/FCF Ratio-2.36K
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price Target
₹987.50Price Target Upside11.14% Upside
Rating ConsensusModerate Buy
Number of Analyst Covering2
EPS Forecast (FY)10.34
Revenue Forecast (FY)₹155.97B
CG Power & Industrial Solutions Ltd Business Overview & Revenue Model
Company Description
Operating across India and international markets, CG Power and Industrial Solutions Limited offers extensive solutions for electrical energy management and application to a varied client base, including utilities, industrial sectors, and end consu...
How the Company Makes Money
CGPOWER primarily makes money by designing, manufacturing, and selling electrical equipment and solutions to utilities and industrial customers. Its key revenue streams typically include (1) sale of power systems equipment such as transformers and...
CG Power & Industrial Solutions Ltd Financial Statement Overview
Summary
Income Statement
84
Very Positive
Balance Sheet
92
Very Positive
Cash Flow
58
Neutral
| Breakdown | TTM | Mar 2026 | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 128.21B | 124.18B | 98.15B | 79.56B | 68.95B | 54.04B |
| Gross Profit | 33.91B | 27.05B | 28.49B | 23.68B | 20.11B | 14.82B |
| EBITDA | 19.05B | 18.34B | 14.67B | 12.56B | 11.13B | 9.19B |
| Net Income | 12.50B | 12.06B | 9.75B | 14.27B | 9.63B | 9.13B |
Balance Sheet | ||||||
| Total Assets | 0.00 | 126.68B | 74.17B | 56.26B | 46.69B | 42.26B |
| Cash, Cash Equivalents and Short-Term Investments | 29.84B | 29.91B | 16.96B | 14.50B | 7.14B | 5.30B |
| Total Debt | 0.00 | 1.18B | 409.70M | 175.60M | 165.50M | 3.67B |
| Total Liabilities | -81.98B | 44.69B | 33.79B | 26.07B | 28.78B | 32.22B |
| Stockholders Equity | 81.98B | 79.70B | 38.44B | 30.17B | 17.91B | 10.03B |
Cash Flow | ||||||
| Free Cash Flow | -2.70B | -434.30M | 5.17B | 1.63B | 8.61B | 4.11B |
| Operating Cash Flow | 4.81B | 7.34B | 9.44B | 3.97B | 9.47B | 4.85B |
| Investing Cash Flow | -37.14B | -36.01B | -5.68B | -6.62B | -206.90M | 2.27B |
| Financing Cash Flow | 30.14B | 27.58B | -1.67B | -2.46B | -6.12B | -8.00B |
CG Power & Industrial Solutions Ltd Peers Comparison
UnderperformOutperform
Sector (55)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
77 Outperform | ₹1.41T | 120.64 | ― | 0.03% | 40.17% | 123.39% | |
75 Outperform | ₹1.57T | 52.39 | ― | 0.53% | 7.92% | 66.43% | |
64 Neutral | ₹285.56B | 159.91 | ― | 0.50% | 9.56% | -29.50% | |
63 Neutral | ₹1.42T | 114.70 | ― | 0.14% | 21.42% | 21.02% | |
56 Neutral | ₹25.30B | 22.64 | ― | 1.56% | 18.29% | -18.73% | |
55 Neutral | $6.65B | 3.83 | -15.92% | 6.20% | 10.91% | 7.18% |
* General Sector Average
IN:CGPOWER
CG Power & Industrial Solutions Ltd
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23.17%
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CG Power & Industrial Solutions Ltd Corporate Events
CG Power Posts Analyst Call Transcript to Boost Investor Transparency
Jul 30, 2026
Operating in the electrical equipment and industrial solutions industry, CG Power Industrial Solutions Ltd provides power systems and related technologies to utility, infrastructure, and industrial clients in India and abroad. The company also ma...
CG Power files monitoring report on Rs 3,000 crore QIP proceeds
Jul 24, 2026
CG Power Industrial Solutions Ltd has disclosed that CARE Ratings Ltd, acting as the monitoring agency, has submitted its report for the quarter ended 30 June 2026 on the utilisation of proceeds from the company’s Rs 3,000 crore Qualified I...
CG Semi Starts Commercial Chip Packaging Production at Sanand OSAT Plant
Jul 4, 2026
CG Semi Private Limited, the semiconductor-focused joint venture of CG Power Industrial Solutions Ltd., Renesas Electronics Corporation and Stars Microelectronics, has begun commercial production at its G1 Outsourced Semiconductor Assembly and Te...
CG Power Schedules June 18 Analyst and Institutional Investor Meeting
Jun 10, 2026
CG Power and Industrial Solutions Limited has informed stock exchanges that it will hold a one-to-one meeting with analysts and institutional investors on Thursday, 18 June 2026. The meeting, organised by Nomura Financial Advisory Securities (Ind...
CG Power Issues 1,000 ESOP Shares, Marginally Lifts Equity Capital
May 29, 2026
CG Power Industrial Solutions has allotted 1,000 equity shares under its 2021 Employee Stock Option Plan, issuing fully paid shares with a face value of Rs. 2 each to an eligible employee upon exercise of granted options. The new shares rank pari...
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.