NSE/CGPOWER

CGPOWERCG Power & Industrial Solutions

Capital Goods · NSE

₹774.8+2.50%

52-wk low52-WEEK RANGE52-wk high

₹530.65+46.0% from low ·-2.2% from high₹792.2

Price chart · 1M–10Y · daily-close

NSE bhavcopy + 10Y historical

CGPOWER+40.62% · 1Y

Range high ₹797.55Range low ₹525.5Latest ₹774.8252 bars · daily-close · NSE bhavcopy + 10Y history

Capital GoodsElectrical Equipment & PartsLargecapLow Risk

Stock scorecard

Auto-computed from latest ratios + sector context · not a buy/sell signal

Composite63/100

Performance

High

Amongst the strong performers in the market.

· 52w return +19.1%
· Trades 15.0% above 200-DMA — uptrend intact

Valuation

High

Looks expensive vs the sector.

· P/E 110.4 — 117% above sector median 50.8
· P/B 16.80 above sector median

Growth

High

Growing faster than the broader market.

· Revenue YoY +26.2% — strong top-line
· Profit YoY +15.3%

Profitability

Medium

Average profitability vs peers.

· ROE 15.2%

DVM composite · Durability · Valuation · Momentum

Trendlyne-style 3-axis composite · all drivers shown below · not a buy/sell signal

CompositeC(55/100)

Durability

71/100

Reasonable financial health; watch the weaker inputs.

Show 4 drivers

Piotroski F-score5/9 (56pt)
Altman Z" score2.07 (75pt)
Debt/Equity0.01 (100pt)
ROE15.2% (61pt)

Valuation

11/100

Richly valued on most axes; limited margin of safety.

Show 4 drivers

P/E vs sector (110.4 / 50.8)217% (17pt)
P/B16.80 (11pt)
Dividend yield0.17% (4pt)
EV/EBITDA85.1 (0pt)

Momentum

83/100

Strong, confirmed momentum across price + technicals.

Show 5 drivers

52w change+19.1% (69pt)
DMA-trend alignmentstrong up (100pt)
RSI (14)67.9 (87pt)
Price vs 200-DMA+12.1% (84pt)
MACD regimebullish (75pt)

Valuation positioning

Current ratio vs sector peer distribution

P/E (TTM)110.36

OVERVALUED

CheapestP/E 110.4 at 82th %ile — pricier than 82% of peers.Most expensive

P/B16.80

OVERVALUED

CheapestP/B 16.80 at 91th %ile of sector.Most expensive

EV/EBITDA85.05

OVERVALUED

Monthly seasonality

Avg monthly return over 11 years · historical — not a forecast

Best: Aug +9.14% · Worst: Jan -5.55%

Jan

-5.5%

27% win

Feb

-1.8%

33% win

Mar

+5.4%

58% win

Apr

+8.6%

83% win

May

+2.8%

55% win

Jun

+2.2%

Monthly return distribution

Distribution of 135 monthly returns

Mean

+3.41%

Median

+2.12%

Std dev

19.55%

Best

+140.9%

Worst

-42.5%

% positive

56%

SWOT analysis

Auto-derived from ratios + sector context + forensics · research only, not a recommendation

STRENGTHS · 2

Lean balance sheet (D/E 0.01)
Low leverage means earnings are less sensitive to rate cycles
Consistent top-line growth (22.0% 3Y CAGR)
Sustained revenue compounding is rare and hard to fake

WEAKNESSES · 1

Premium to sector on P/E (+117%)
P/E 110.4 vs Capital Goods median 50.8

OPPORTUNITIES · 1

Strong uptrend — DMA stack bullish
Price > 20-DMA > 50-DMA > 200-DMA: momentum tailwind intact

THREATS · 1

Valuation compression risk
P/E 110.4 is 117% above sector — any growth miss gets punished

RETURNS · DAILY-CLOSE BASED

3Y+ shown as CAGR

+2.5%

+6.0%

+9.1%

+26.1%

+4.7%

+41.0%

+36.7%

+64.1%

10Y

+28.5%

Fundamentals

VALUATION

Market cap

₹1,25,316 Cr

P/E (TTM)

110.4

P/E (fwd)

78.2

next 12m

P/B

16.80

EV/EBITDA

85.1

Book value

₹47.36

per share

PROFITABILITY · QUALITY

ROE

15.2%

ROCE

—

Net margin

9.8%

Op margin

10.9%

Gross margin

30.0%

D/E

0.01

GROWTH · MARKET

Rev YoY

+26.2%

Profit YoY

+15.3%

Div yield

0.17%

Payout

18.1%

52w change

+19.1%

Beta

0.27

defensive

Pros and cons

Auto-derived from ratios · not a buy/sell recommendation

PROS · 4

+Forward P/E materially below trailing (78.2x vs 110.4x)Street expects earnings growth that compresses the multiple — positive surprise cushion
+Revenue growing at +26.2% YoYGrowth-category territory — implies market-share gains or market expansion
+3-year revenue CAGR of 22.0%Sustained multi-year growth — not a one-quarter flash
+Nearly debt-free (D/E 0.01)Low financial risk — funds growth from internal accruals, resilient in downturns

CONS · 3

−Trades at a premium to sector on P/EP/E 110.4 vs Capital Goods median 50.8 — priced for more growth than peers
−Very high absolute P/E (110x)At this multiple the market prices in several years of strong growth upfront — risk of correction if growth disappoints
−

Sector-relative context

Capital Goods · 22 peers

P/E (TTM)

This stock

110.36

Sector median

50.82

Rank 18/22 (23th %ile)

ROE

This stock

15.2%

Sector median

15.5%

Rank 14/22 (41th %ile)

P/B

This stock

16.80

Sector median

6.90

Rank 20/22 (14th %ile)

Quality score · Piotroski F-score

5 / 9

Decent quality — clears Piotroski bar

✓Profitable (positive net income)· Most basic check — company makes money
✓Positive return on assets· Assets generate returns
✓Positive operating cash flow· Profits are backed by real cash, not accruals
✗Operating CF exceeds net profit· Healthy cash conversion — no aggressive revenue recognition
✗Long-term debt decreased YoY· Deleveraging — lower refinancing risk
✓ROA improved YoY· Getting more productive with the asset base
✗Operating margin expanded YoY· Pricing power or cost discipline
✗

Forensic score · Altman Z″ (emerging markets)

Bankruptcy-risk predictor · 1995 Altman emerging-market revision

GREY2.07

Z″ = 2.07 — GREY zone. Not flagged as distressed, but watch the weakest input component below.

Component	Ratio	Weight	Contribution
Working Capital / Total Assets (A)	0.328	×6.56	2.152
Retained Earnings / Total Assets (B)	-0.246	×3.26	-0.800
EBIT / Total Assets (C)	0.130	×6.72	0.872
Book Equity / Total Liabilities (D)	-0.151	×1.05	-0.158

Zones: Z″ ≥ 2.60 safe · 1.10–2.60 grey · < 1.10 distress. All four inputs derived from latest annual filing.

Analyst consensus

16 analysts · BUY

Target mean

₹708.50

Target high

₹900.00

Target low

₹472.00

Upside vs today

-11.0%

Street consensus target is -11.0% vs current price. Consensus is a lagging sentiment read, not a forecast.

Company + balance sheet snapshot

Industry

Electrical Equipment & Parts

Shares out

157.5

Revenue (TTM)

₹11,729 Cr

EBITDA

₹1,421 Cr

Total debt

₹117 Cr

Cash

₹1,386 Cr

Net debt

₹-1,270 Cr

Quarterly results

Last 5 quarters · ₹ Cr (Screener.in-grade depth)

Metric	2024-Q3	2024-Q4	2025-Q1	2025-Q2	2025-Q4
Revenue	2,413	2,516	2,659	2,878	3,175
Operating profit	267	303	332	338	347
OPM %	11.1%	12.0%	12.5%	11.7%	10.9%
Interest	2	1

Annual P&L

Last 4 years · ₹ Cr · all line items

Metric	2022-FY	2023-FY	2024-FY	2025-FY
Revenue	5,404	6,895	7,956	9,815
Operating profit	548	911	1,047	1,207
OPM %	10.1%	13.2%	13.2%	12.3%
Interest	68	16	3	7
Depreciation

Peer	Last close	1Y change	Mcap ₹Cr	P/E	P/B	ROE	D/E	Rev YoY
CGPOWERTHIS CG Power and Industrial Solutions Limited	₹774.8	+19.1%	1,25,316	110.4	16.80	15.2%	0.01	+26.2%
ABB ABB India Limited	₹7,029.5	+24.9%	1,51,693	90.9	19.36	22.4%	0.01	+5.7%
CUMMINSIND Cummins India Limited	₹5,140.9	+76.4%	1,42,614	63.7	18.06	28.3%	0.00	+16.0%
SIEMENS Siemens Limited	₹3,707.9	+31.2%	1,32,085	78.2	9.98	11.8%	—	+14.0%
POLYCAB Polycab India Limited	₹8,182.5	+51.2%	1,23,852	47.2	11.03	26.0%	0.02	+24.2%
BHEL Bharat Heavy Electricals Limited	₹316.79	+39.4%	1,14,769	140.9	4.69	3.3%	0.45	+18.6%
HAVELLS Havells India Limited	₹1,306.4	-20.7%	81,675	55.1	9.41	17.1%	0.03	+14.3%
DIXON Dixon Technologies (India) Limited	₹11,371.5	-28.1%	68,387	41.1	15.02	36.5%	0.30	+119.7%
APARINDS Apar Industries Limited	₹11,482	+130.7%	46,696	48.0	9.62	20.1%	0.14	+15.0%

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Research tool · not investment advice.

Axel Markets is an information + analytics product. We are not a SEBI-registered Research Analyst (RA) or Investment Adviser (IA). Nothing on this page is a buy, sell, or hold recommendation. Past performance is not indicative of future returns. Verify all data against the authoritative source (NSE, BSE, AMFI, SEBI, company RHP / factsheet) before acting. Daily OHLCV sourced primarily from our NSE bhavcopy ingest (public sec_bhavdata_full CSV), with Stooq as a fallback for historical gaps. Split + bonus adjusted. Excludes dividends. Not a recommendation. Past performance does not predict future returns. For authoritative live quotes see NSE / BSE directly.

Quarter	EPS estimate	EPS actual	Surprise %
-1q	1.91	1.98	+3.4%
-2q	2.08	1.82	-12.6%
-3q	1.88	1.76	-6.1%
-4q	1.84	1.78	-3.1%

Date	Amount
2026-01-30	₹1.30
2025-03-21	₹1.30
2024-02-05	₹1.30
2023-03-15	₹1.50

Metric	2022-FY	2023-FY	2024-FY	2025-FY
Equity capital	288	305	305	306
Reserves	-1,037	-309	909	1,679
Borrowings	367	17	18	41
Other liabilities	1	1	—	0
Total liabilities	4,226	4,669	5,626	7,417
Fixed assets	902	797	923	1,382
CWIP	32	35	71	447
Investments	12	4	2	8
Other assets	5	7	5	103
Total assets	4,226	4,669	5,626	7,417

Metric	2022-FY	2023-FY	2024-FY	2025-FY
CF Operating	483	947	1,028	944
CF Investing	227	-21	-1,294	-568
CF Financing	-800	-612	-246	-167
Net cash flow	-91	315	-512	210
Free cash flow	410	861	794	517

Metric	2025-FY	2024-FY	2023-FY	2022-FY
OPM %	12.3%	13.2%	13.2%	10.1%
Net margin %	9.9%	17.9%	14.0%	16.9%
ROE %	60.9%	235.7%	-255.6%	-121.8%
ROCE %	83.2%	186.5%	-551.2%	-214.6%
Debt / Equity	0.02	0.01	-4.10	-0.49
Dividend payout %	20%	14%	24%	—
Interest coverage	191.1×	457.1×	62.9×	12.0×
Revenue growth YoY	+23.4%	+15.4%	+27.6%	—
Profit growth YoY	-31.7%	+48.2%	+5.5%	—

CGPOWERCG Power & Industrial Solutions

Price chart · 1M–10Y · daily-close

Stock scorecard

DVM composite · Durability · Valuation · Momentum

Valuation positioning

Monthly seasonality

Monthly return distribution

SWOT analysis

Fundamentals

Pros and cons

Sector-relative context

Quality score · Piotroski F-score

Forensic score · Altman Z″ (emerging markets)

Analyst consensus

Company + balance sheet snapshot

Quarterly results

Annual P&L

Peer comparison · Capital Goods

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Technical snapshot

Earnings history + surprises

Dividends + splits history

Recent news

Stock scorecard

SWOT analysis

DVM composite · Durability · Valuation · Momentum

Valuation positioning

Monthly seasonality

Monthly return distribution

Fundamentals

Pros and cons

Sector-relative context

Quality score · Piotroski F-score

Forensic score · Altman Z″ (emerging markets)

Analyst consensus

Company + balance sheet snapshot

Quarterly results

Annual P&L

Balance sheet

Cash flow statement

Ratios

Peer comparison · Capital Goods