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67% Buy

CG Power Share Price

CGPOWER

₹680.30+₹0.35 (0.05%) TodayLast updated on 21 Jun, 2024 | 03:58 PM IST
₹672.85₹690.75
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Company overview

Financial performance

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Market cap

Market Cap Switch₹1,05,206 Crs

Open

₹684.50

Close

₹679.95

Circuit range

₹816.35 - ₹544.25

Day range

₹672.85 - ₹690.75

Year range

₹359.20 - ₹700.00

Volume

22,05,201

Avg. traded

₹680.92

Revenue (12m)

₹8,046 Crs

CG Power

CG Power and Industrial Solutions Ltd is an over 85-year-old global enterprise providing end-to-end solutions to utilities, industries and consumers for the management and application of efficient and sustainable electrical energy.

The company offers products, services and solutions in two main business segments — power systems and industrial systems. It has over 17 manufacturing facilities in Goa, Madhya Pradesh (Bhopal, Indore and Gwalior) and Maharashtra (Ahmednagar, Nashik and Aurangabad).

CG Power was established in 1937 in India as a wholly owned Indian subsidiary of England’s Crompton Parkinson Ltd along with a sales organisation called Greaves Cotton and Crompton Parkinson Ltd.

After Independence, the company was taken over by the eminent Indian industrialist Lala Karamchand Thapar, who formed the Thapar Group.

In 1996, the Thapar group created Crompton Greaves Ltd to meet the electrical demand of business-to-business (B2B) and consumer segments.

In 2015, the heavy engineering business of the company was demerged to form a separate entity CG Power and Industrial Solutions Ltd, as known today.

Later, in 2020, Murugappa Group company Tube Investments of India Ltd acquired a controlling stake in CG Power and Industrial Solutions.

As of December 27, 2023, the company has a market capitalisation of over ₹69,000 crore. CG Power share price has surged nearly 10 times in three years.

Business operations

CG Power’s operations are organised under the following two business divisions:

Industrial Systems: This segment focuses on motors and drives, along with the Railways business. The division is engaged in the business of power conversion equipment which includes a wide spectrum of medium and low-voltage rotating machines (motors, generators, alternators), drives and stampings. CG Power enjoys market leadership for AC motors and the second position in AC generators and DC motors in India. The company is also the largest manufacturer of low-tension motors in India.

CG Power also provides solutions to Indian Railways in rolling stock and signalling equipment with the most comprehensive product portfolio.

Power systems: This division focuses on transformers, switchgear and other allied products. The company caters to products dealing in power transmission, distribution, power solutions, setting up of integrated power systems and associated services businesses. It manufactures a wide range of power and distribution transformers, extra high voltage (EHV) and medium voltage (MV) circuit breakers, switchgear, EHV (extra high voltage) instrument transformers, lightning arrestors, isolators and vacuum interrupters

CG Power also offers turnkey solutions for transmission and distribution (T&D) through substation projects, engineering, procurement and construction (EPC). It also provides end-to-end contracts involving the entire value chain — solutions, design, products, procurement, construction, erection and servicing.

Financial highlights

  • The consolidated revenue from operations for FY23 increased to ₹6,972.54 crore, recording a growth of 27% over ₹5,483.53 crore in FY22.
  • The company’s profit after tax (PAT) stood at ₹963 crore in FY23 as against ₹913 crore in FY22.
  • Its EBITDA (earnings before interest, tax, depreciation and amortisation) stood at ₹1,061 core in FY23 as against ₹671 crore in FY22.
  • EBITDA margin increased to14.2% in FY23 compared to 11.6% in FY22.
  • The company paid a dividend of ₹1.5 per equity share of face value of ₹2 each in FY23. The total outflow towards dividend payments in FY23 stood at ₹229 crore.

CG Power Key indicators

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52 week high

₹700.00

52 week low

₹359.20

P/E ratio

121.01

P/B ratio

34.87

ROE

37.19%

ROCE

43.81%

Dividend yield

0.19%

Debt/Equity ratio

EPS

5.14

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Investment checklist: (3/6)

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Equity returns

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Safety factor

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Growth factor

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Debt vs Equity

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Profit factor

The investment checklist helps you understand a company's financial health at a glance and identify quality investment opportunities easily

Analyst ratings:

Buy

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Buy

67%

Hold

0%

Sell

33%

This analysis is based on the reviews of 6 experts in the last 7 days

Fundamentals

Financial ratios

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  • Profitability

  • Operational

  • Valuation

Operating profit margin

15.35%

Net profit margin

11.86%

ROE

37.19%

ROA

22.44%

ROCE

43.81%

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CG Power Shareholder returns

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1 day

+0.67%

1 week

+2.07%

1 month

+2.50%

3 months

+35.38%

1 year

+85.37%

3 years

+736.35%

5 years

+2220.65%

CG Power Share Price history

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DayOpenCloseDay’s change
Fri, Jun 21 2024
₹684.50
₹680.30
+0.05%
Thu, Jun 20 2024
₹675.90
₹679.95
+0.67%
Wed, Jun 19 2024
₹686.90
₹675.45
-1.54%
Tue, Jun 18 2024
₹694.00
₹686.00
-0.41%
Fri, Jun 14 2024
₹669.00
₹688.80
+3.15%
Thu, Jun 13 2024
₹675.75
₹667.75
+0.24%
Wed, Jun 12 2024
₹666.80
₹666.15
+0.63%
Tue, Jun 11 2024
₹656.00
₹662.00
+1.11%

Shareholding info

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Promoters (58.11%)

Mutual Funds (6.49%)

Retail and other (16.61%)

Foreign institutions-FII (15.18%)

Other domestic institutions (3.6%)

Promoters

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Events

Corporate actions

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  • Dividend • ₹1.3/share

    Ex date 05 Feb 2024

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  • Dividend • ₹1.5/share

    Ex date 15 Mar 2023

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Frequently asked questions