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CG Power and Industrial Solutions Limited (CGPOWER)

Capital Goods · Electrical Equipment · NSE · Updated 16 June 2026

₹935.5 ↑ 37.13% (1Y)

🎯 Key Takeaways

CG Power and Industrial Solutions Limited is in a strong growth phase, driven by robust order backlog expansion and strategic investments in semiconductors. The company has demonstrated consistent revenue and profit growth, with FY26 marking record financial performance and increased visibility into future earnings.
Revenue grew 4.3% QoQ to ₹2,516 in Q3FY25.
⚠️ Execution risk in scaling semiconductor operations, which is capital-intensive and unproven at current volumes.

Market Cap

₹1.32 L Cr

P/E Ratio

136.7

Div Yield

0.00%

Promoter

0.0%

✨ Ask AI About CGPOWER 📊 Interactive Charts

📖 The Story

CG Power and Industrial Solutions Limited is in a strong growth phase, driven by robust order backlog expansion and strategic investments in semiconductors. The company has demonstrated consistent revenue and profit growth, with FY26 marking record financial performance and increased visibility into future earnings. Management is actively scaling high-margin segments, particularly in power systems and industrial systems, supported by a 59% YoY increase in order backlog.

📰 What's Happening

In Q4FY26, CG Power reported record standalone revenue of INR 11,331 crores (up 21% YoY) and PAT of INR 1,352 crores (up 39% YoY), with operating profit margin expansion observed across segments. The order backlog grew 59% YoY to INR 15,719 crores, providing strong revenue visibility. Management highlighted progress in semiconductor expansion, including new OSAT facilities, and secured large export orders. The Board approved audited financials for FY26, confirming unmodified auditor opinion and segment-level profitability in Power Systems (INR 1,487.26 crores revenue) and Industrial Systems (INR 1,642.95 crores revenue). Additionally, 21,000 shares were allotted under ESOP 2021, slightly increasing share count without diluting ownership structure significantly.

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

The company has shown steady top-line growth over the past four quarters, with revenue rising from INR 1,874 crores in Q1FY24 to INR 3,215.97 crores in Q4FY26 (quarterly annualized), reflecting strong demand momentum. Profitability has remained stable, with OPM hovering around 13-14% in recent quarters, though Q3FY24 saw a spike in NP due to exceptional items. The consistent growth in operating profit and PAT, coupled with rising order backlog, indicates improving execution and demand across core segments. Management attributes this to both domestic infrastructure spending and export orders, particularly in power systems.

🔮 Management Outlook & What's Next

Management expressed confidence in sustained momentum, citing the 59% YoY increase in order backlog to INR 15,719 crores as a key driver of future revenue visibility. They emphasized ongoing investments in semiconductor manufacturing, including the scaling of OSAT facilities to capture higher-value segments of the value chain. Management also highlighted continued focus on operational efficiency and margin preservation amid expansion. No specific financial targets were provided beyond the backlog-driven revenue outlook, but capital allocation appears aligned with capacity expansion in high-growth areas.

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 scaling semiconductor operations, which is capital-intensive and unproven at current volumes. 2. Commodity price volatility affecting input costs in power and industrial equipment manufacturing. 3. Global macroeconomic headwinds impacting export demand, particularly in key markets. 4. Competitive pressures in domestic infrastructure and industrial segments could pressure margins if pricing power erodes.

📋 Recent Filings

🧠 Analyst's Read

CG Power is transitioning from a volume-driven electrical equipment manufacturer to a more diversified player with strategic investments in semiconductors and global exports. The strong order backlog and record financial performance provide confidence in near-term growth, but long-term success will depend on execution in the semiconductor space and sustained demand in power infrastructure. Investors should monitor order intake trends, margin trajectory, and progress on OSAT facility ramp-up in the coming quarters.

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

✨ Deep Dive with AI on CGPOWER

Data sourced from stock announcements. Analysis generated by StockFin.ai.
For informational purposes only — not investment advice. Updated 2026-06-16.