CG Power and Industrial Solutions Limited (CGPOWER)

Capital Goods · Electrical Equipment · NSE · Updated 15 July 2026

₹929.15 ↑ 37.15% (1Y)

🎯 Key Takeaways

CG Power and Industrial Solutions Limited is in a high-growth phase driven by strong international demand, strategic capacity expansion, and leadership transition, with FY26 results showing 25% revenue growth and 23% PAT growth to ₹1,196 crores. The company is transitioning from a domestic-focused player to a globally integrated industrial solutions provider with a clear focus on power systems, industrial automation, and semiconductor manufacturing through CG Semi.
Revenue grew 4.3% QoQ to ₹2,516 in Q3FY25.
⚠️ 1) Execution risk in large-scale capacity expansion (45,000 MVA transformer plant and switchgear facility) could strain capital and operational timeli

Market Cap

₹1.32 L Cr

P/E Ratio

136.7

Div Yield

0.00%

Promoter

0.0%

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📖 The Story

CG Power and Industrial Solutions Limited is in a high-growth phase driven by strong international demand, strategic capacity expansion, and leadership transition, with FY26 results showing 25% revenue growth and 23% PAT growth to ₹1,196 crores. The company is transitioning from a domestic-focused player to a globally integrated industrial solutions provider with a clear focus on power systems, industrial automation, and semiconductor manufacturing through CG Semi.

📰 What's Happening

The company announced its 89th AGM on 24 July 2026, approving FY26 financials with ₹12,418 crores revenue (25% YoY growth) and ₹1,196 crores PAT (23% YoY growth), alongside a ₹1.30 interim dividend per share. Management highlighted record $900 Cr in international orders, 46% revenue growth in Power Systems, and expansion plans including a 45,000 MVA transformer plant and ₹748 Cr switchgear facility. Leadership changes include Sriram Sivaram appointed as new Joint MD & CEO. Additionally, on 15 June 2026, the company allotted 21,000 shares under ESOP 2021, increasing paid-up capital and total shares outstanding. Management emphasized operationalizing the transformer plant by FY28 and targeting leadership in power systems and industrial automation.

Source: Stock Announcements

📊 Quarterly Results (₹ Cr)

Metric	Q4FY23	Q1FY24	Q2FY24	Q3FY24	Q4FY24	Q1FY25	Q2FY25	Q3FY25
Revenue	1,903	1,874	2,002	1,979	2,192	2,228	2,413	2,516
Operating Profit	308	288	353	289	326	360	324	365
OPM %	14.5%	14.2%	15.4%	13.2%	12.9%	14.7%	12.2%	13.2%
Net Profit	426	204	242	748	234	241	220	238
EPS	₹2.79	₹1.33	₹1.58	₹4.90	₹1.53	₹1.58	₹1.45	₹1.57

Quarterly revenue shows a clear upward trend, rising from ₹1,874 crores in Q1FY24 to ₹2,516 crores in Q3FY25, with PAT also climbing steadily from ₹204 crores to ₹238 crores in the same period, reflecting improving operational efficiency and scale. The consistent growth in operating profit margins (OPM) alongside revenue expansion indicates effective cost management and margin accretion from higher-value projects, particularly in international markets and Power Systems, which grew 46% as per management commentary.

🔮 Management Outlook & What's Next

Management expressed confidence in sustained growth, targeting operationalization of a 45,000 MVA transformer plant in Western India and expansion of switchgear capacity to 1,10,000 MVA by FY28. They highlighted leadership in power systems and industrial automation, continued investment in semiconductor manufacturing through CG Semi, and emphasis on ESG and sustainability initiatives. Management also anticipates continued growth in export markets and renewable energy infrastructure demand, underpinning long-term growth prospects.

Extracted from official company announcements. Not StockFin.ai's opinion.

⚖️ Peer Comparison — Electrical Equipment

Company	MCap (₹ Cr)	P/E	ROCE	ROE	D/E
Hitachi Energy India Limited	1.45 L Cr	172.4	—	—	—
Bharat Heavy Electricals Limited	1.39 L Cr	267.3	—	—	—
ABB India Limited	1.35 L Cr	48.8	—	—	—
CG Power and Industrial Solutions Limited	1.32 L Cr	136.7	—	—	—
Siemens Limited	1.28 L Cr	45.2	—	—	—
GE Vernova T&D India Limited	1.11 L Cr	104.1	—	—	—
Siemens Energy India Limited	1.10 L Cr	83.9	—	—	—
Waaree Energies Limited	86,928	22.4	—	—	—
Suzlon Energy Limited	73,843	64.1	—	—	—
Thermax Limited	53,625	81.9	—	—	—

🔗 Peer Stock Analyses

POWERINDIA BHEL ABB SIEMENS GVT&D

⚠️ Risk Factors

1) Execution risk in large-scale capacity expansion (45,000 MVA transformer plant and switchgear facility) could strain capital and operational timelines. 2) Geopolitical and currency volatility may impact international order profitability given the $900 Cr order book. 3) Semiconductor manufacturing (CG Semi) remains a high-risk, capital-intensive venture with uncertain returns. 4) Rising input costs or margin compression in power systems could pressure profitability if not passed on to customers.

📋 Recent Filings

🧠 Analyst's Read

CG Power is executing a clear transformation strategy with strong order book momentum, international growth, and strategic investments in semiconductors and green infrastructure, supported by solid financial performance and shareholder returns. Investors should monitor execution of expansion plans, global market demand trends, and progress in CG Semi as key near-term catalysts.

Based on filing content and financial data. Not a recommendation.

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Data sourced from stock announcements. Analysis generated by StockFin.ai.
For informational purposes only — not investment advice. Updated 2026-07-15.

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