CG Power & Industrial Solutions Ltd (IN:CGPOWER)
:CGPOWER
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CG Power & Industrial Solutions Ltd
(CGPOWER)
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Rating:73Outperform
Price Target:
₹958.00
▲(23.64% Upside)
Action:Reiterated
Date:05/08/26
The score is supported primarily by strong financial health (especially a low-debt balance sheet) and positive price momentum. It is held back by weak 2026 cash-flow conversion (free cash flow turning negative) and a steep valuation (very high P/E with a low dividend yield).
Positive Factors
Very low leverage / strong balance sheet
Extremely low debt and a rebuilt equity base give the company durable financial flexibility to fund large project working capital, sustain bid capacity on long-cycle tenders, absorb cyclical demand swings, and pursue selective capex or M&A without refinancing stress.
Negative Factors
Negative free cash flow / weak cash conversion
Negative FCF and a sharp deterioration in cash conversion versus earnings reduce durable financial resilience. Persistent working-capital absorption or higher capex can constrain reinvestment, limit dividend or debt-reduction options, and amplify vulnerability to revenue or margin shocks.
Read all positive and negative factors
Positive Factors
Negative Factors
Very low leverage / strong balance sheet
Extremely low debt and a rebuilt equity base give the company durable financial flexibility to fund large project working capital, sustain bid capacity on long-cycle tenders, absorb cyclical demand swings, and pursue selective capex or M&A without refinancing stress.
Read all positive factors
CG Power & Industrial Solutions Ltd (CGPOWER) vs. iShares MSCI India ETF (INDA)
Market Cap
₹1.32T
Dividend Yield0.2%
Average Volume (3M)120.24K
Price to Earnings (P/E)84.9
Beta (1Y)1.51
Revenue Growth25.32%
EPS Growth20.92%
CountryIN
Employees3,113
SectorIndustrials
Sector Strength72
IndustryElectrical Equipment & Parts
Share Statistics
EPS (TTM)6.93
Shares Outstanding1,574,936,800
10 Day Avg. Volume123,832
30 Day Avg. Volume120,238
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
₹842.50Price Target Upside8.73% Upside
Rating ConsensusModerate Buy
Number of Analyst Covering2
EPS Forecast (FY)10.61
Revenue Forecast (FY)₹157.39B
CG Power & Industrial Solutions Ltd Business Overview & Revenue Model
Company Description
CG Power and Industrial Solutions Limited provides various solutions to utilities, industries, and consumers for the management and application of electrical energy in India and internationally. The company operates through Power Systems and Indus...
How the Company Makes Money
CG Power & Industrial Solutions Ltd makes money primarily by selling engineered electrical equipment and related solutions to utilities, industries, and infrastructure projects. Key revenue streams typically include: (1) Product sales: Revenue fro...
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 | 109.75B | 124.18B | 98.15B | 79.56B | 68.95B | 54.04B |
| Gross Profit | 29.31B | 27.05B | 28.49B | 23.68B | 20.11B | 14.82B |
| EBITDA | 16.35B | 16.25B | 14.67B | 12.56B | 11.13B | 9.19B |
| Net Income | 10.68B | 12.06B | 9.75B | 14.27B | 9.63B | 9.13B |
Balance Sheet | ||||||
| Total Assets | 116.08B | 126.68B | 74.17B | 56.26B | 46.69B | 42.26B |
| Cash, Cash Equivalents and Short-Term Investments | 13.86B | 14.29B | 16.96B | 14.50B | 7.14B | 5.30B |
| Total Debt | 1.17B | 1.18B | 409.70M | 175.60M | 165.50M | 3.67B |
| Total Liabilities | 39.20B | 44.69B | 33.79B | 26.07B | 28.78B | 32.22B |
| Stockholders Equity | 74.61B | 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 Technical Analysis
Neutral
774.85
Price Trends
755.13
Positive
699.96
Positive
706.41
Positive
Market Momentum
24.56
Positive
50.89
Neutral
36.85
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For IN:CGPOWER, the sentiment is Neutral. The current price of 774.85 is below the 20-day moving average (MA) of 830.22, above the 50-day MA of 755.13, and above the 200-day MA of 706.41, indicating a neutral trend. The MACD of 24.56 indicates Positive momentum. The RSI at 50.89 is Neutral, neither overbought nor oversold. The STOCH value of 36.85 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Neutral sentiment for IN:CGPOWER.
CG Power & Industrial Solutions Ltd Peers Comparison
UnderperformOutperform
Sector (63)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
76 Outperform | ₹507.91B | 40.22 | ― | 0.57% | 20.66% | 19.41% | |
73 Outperform | ₹1.32T | 84.85 | ― | 0.20% | 25.32% | 20.92% | |
72 Outperform | ₹489.21B | 42.02 | ― | 0.09% | 20.83% | 27.47% | |
68 Neutral | ₹221.08B | 21.77 | ― | 0.49% | 27.62% | 57.80% | |
66 Neutral | ₹758.86B | 25.74 | ― | 0.70% | 3.44% | 14.78% | |
63 Neutral | $10.79B | 15.43 | 7.44% | 2.01% | 2.89% | -14.66% | |
59 Neutral | ₹1.38T | 38.55 | ― | 0.46% | 29.08% | 32.16% |
* Industrials Sector Average
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CG Power & Industrial Solutions Ltd Corporate Events
CG Power Allots 15,500 Equity Shares Under ESOP 2021
Apr 17, 2026
CG Power Industrial Solutions Ltd has allotted 15,500 equity shares of face value Rs 2 each under its Employee Stock Option Plan 2021, at an exercise price of Rs 595.45 per share to an eligible employee. The newly issued shares will rank pari pas...
CG Power’s Axiro Semiconductor Invests in EdgeCortix to Deepen Edge AI and Connectivity Play
Apr 15, 2026
CG Power Industrial Solutions has announced that its wholly owned subsidiary Axiro Semiconductor has joined Japan-based EdgeCortix as an investor and strategic partner, alongside venture capital fund MPower Partners. The move embeds Axiro deeper ...
CG Power Sells Indonesian Step-Down Subsidiary, Reshapes Overseas Structure
Apr 1, 2026
CG Power and Industrial Solutions Ltd has announced that its wholly owned subsidiary, CG International Holdings Singapore Pte Ltd, has executed a share sale and purchase deed for PT Crompton Prima Switchgear Indonesia. As a result, PT Crompton Pri...
India Ratings Affirms CG Power at IND AA+ With Stable Outlook, Backs New Bank Facilities
Mar 19, 2026
CG Power Industrial Solutions Ltd has received an affirmation of its issuer rating at IND AA+ with a Stable outlook from India Ratings and Research, underscoring the agency’s continued confidence in the company’s credit profile. The r...
CG Power Secures Shareholder Nod for Special Business via Postal Ballot
Mar 6, 2026
CG Power and Industrial Solutions Limited has announced the results of a recent postal ballot conducted via e-voting to seek shareholder approval for a special business resolution. Based on the scrutinizer’s report from P Mehta Associates d...
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.