GE Vernova T&D India Limited (IN:GVT&D)
:GVT&D
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GE Vernova T&D India Limited
(GVT&D)
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Rating:73Outperform
Price Target:
₹5,301.00
▲(79.14% Upside)
Action:Reiterated
Date:06/02/26
Score is primarily driven by very strong recent financial performance (profitability expansion, conservative balance sheet, and strong cash generation). Offsetting this, valuation is stretched with a high P/E and low dividend yield, and technical positioning cannot be assessed due to missing indicator data.
Positive Factors
Revenue & Profitability Turnaround
The sharp revenue acceleration and net income near 20% of revenue in FY26 reflect a sustained operational inflection. Such margin expansion improves internal funding for capex and services, supports reinvestment and scale-up of higher-margin offerings, and strengthens earnings durability over the medium term.
Negative Factors
Historical Performance Volatility
Prior losses and negative cash flow in FY22–FY23 show the company’s earnings and cash conversion can be cyclical and execution-sensitive. This past volatility implies that recent gains may be susceptible to reversals if project mix, tender timing, or execution quality deteriorate in the coming quarters.
Read all positive and negative factors
Positive Factors
Negative Factors
Revenue & Profitability Turnaround
The sharp revenue acceleration and net income near 20% of revenue in FY26 reflect a sustained operational inflection. Such margin expansion improves internal funding for capex and services, supports reinvestment and scale-up of higher-margin offerings, and strengthens earnings durability over the medium term.
Read all positive factors
GE Vernova T&D India Limited (GVT&D) vs. iShares MSCI India ETF (INDA)
Market Cap
₹1.31T
Dividend Yield0.1%
Average Volume (3M)30.54K
Price to Earnings (P/E)98.7
Beta (1Y)0.91
Revenue Growth44.59%
EPS Growth102.73%
CountryIN
Employees2,258
SectorUtilities
Sector Strength65
IndustryIndustrial - Specialties
Share Statistics
EPS (TTM)48.17
Shares Outstanding256,046,540
10 Day Avg. Volume24,173
30 Day Avg. Volume30,536
Financial Highlights & Ratios
PEG Ratio0.96
Price to Book (P/B)45.25
Price to Sales (P/S)19.62
P/FCF Ratio0.00
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price Target
₹5,500.00Price Target Upside85.86% Upside
Rating ConsensusModerate Buy
Number of Analyst Covering1
EPS Forecast (FY)61.44
Revenue Forecast (FY)₹80.32B
GE Vernova T&D India Limited Business Overview & Revenue Model
Company Description
GE Vernova T&D India Limited engages in building power transmission and distribution infrastructure in India and internationally. It offers power electronics equipment, including high voltage direct current, flexible alternate current transmission...
How the Company Makes Money
GVT&D primarily makes money by selling and executing power transmission and distribution products, systems, and projects for customers such as electricity utilities, transmission companies, and industrial users. Key revenue streams typically inclu...
GE Vernova T&D India Limited Financial Statement Overview
Summary
Income Statement
90
Very Positive
Balance Sheet
92
Very Positive
Cash Flow
88
Very Positive
| Breakdown | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 | Mar 2021 |
|---|---|---|---|---|---|
Income Statement | |||||
| Total Revenue | 62.06B | 42.90B | 31.62B | 27.49B | 30.66B |
| Gross Profit | 23.16B | 17.25B | 10.76B | 7.70B | 6.92B |
| EBITDA | 16.84B | 8.81B | 3.42B | 1.24B | 270.30M |
| Net Income | 12.33B | 6.08B | 1.81B | -14.90M | -496.20M |
Balance Sheet | |||||
| Total Assets | 77.39B | 46.61B | 35.84B | 36.79B | 37.67B |
| Cash, Cash Equivalents and Short-Term Investments | 15.28B | 4.95B | 1.46B | 538.30M | 949.00M |
| Total Debt | 240.00M | 345.60M | 418.20M | 2.73B | 2.26B |
| Total Liabilities | 50.49B | 28.88B | 23.41B | 26.07B | 26.87B |
| Stockholders Equity | 26.90B | 17.73B | 12.43B | 10.73B | 10.80B |
Cash Flow | |||||
| Free Cash Flow | 15.90B | 8.16B | 4.89B | -537.70M | -166.50M |
| Operating Cash Flow | 17.78B | 9.04B | 5.18B | -373.40M | 82.10M |
| Investing Cash Flow | -5.82B | -4.96B | -1.72B | 29.70M | 1.16B |
| Financing Cash Flow | -1.44B | -690.60M | -2.59B | 85.60M | -1.02B |
GE Vernova T&D India Limited Peers Comparison
UnderperformOutperform
Sector (66)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
73 Outperform | ₹1.31T | 98.71 | ― | 0.10% | 44.59% | 102.73% | |
66 Neutral | $17.65B | 18.10 | 5.60% | 3.62% | 6.62% | 11.55% | |
64 Neutral | ₹2.69T | 13.51 | ― | 3.37% | 2.05% | 2.63% | |
57 Neutral | ₹717.11B | 29.47 | ― | 1.48% | -0.68% | -21.43% | |
51 Neutral | ₹1.34T | 35.73 | ― | 0.59% | -4.66% | -5.61% | |
50 Neutral | ₹26.26B | 0.95 | ― | ― | -13.36% | -43.08% | |
47 Neutral | ₹791.75B | 17.97 | ― | 2.44% | 11.90% | 24.47% |
* Utilities Sector Average
IN:GVT&D
GE Vernova T&D India Limited
4,754.65
2,460.05
107.21%
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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.