Power & Instrumentation (Gujarat) Ltd. (IN:PIGL)
:PIGL
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Power & Instrumentation (Gujarat) Ltd.
(PIGL)
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Rating:59Neutral
Price Target:
₹99.00
▼(-14.82% Downside)
Action:ReiteratedDate:01/13/26
The score is primarily driven by solid financial performance (rapid growth and improving margins, with a robust balance sheet) but is held back by negative operating cash flow and clearly bearish technicals (price below major DMAs, negative MACD, weak momentum). Valuation is a positive offset with a reasonable P/E and supportive dividend yield.
Positive Factors
Strong revenue growth & margin improvement
Sustained 73% revenue growth with rising EBITDA and net margins indicates the company is scaling its project execution effectively. Improving profitability supports reinvestment in capabilities, enhances resilience through project cycles, and underpins durable cash generation potential once working-capital pressures normalize.
Negative Factors
Negative operating cash flow driven by working capital
Operating cash outflows tied to elevated receivables and inventory from project execution strain liquidity and force reliance on external financing. Persistently high working-capital needs can curtail free cash flow, raise financing costs, and limit the pace at which the company can scale project backlog sustainably.
Read all positive and negative factors
Positive Factors
Negative Factors
Strong revenue growth & margin improvement
Sustained 73% revenue growth with rising EBITDA and net margins indicates the company is scaling its project execution effectively. Improving profitability supports reinvestment in capabilities, enhances resilience through project cycles, and underpins durable cash generation potential once working-capital pressures normalize.
Read all positive factors
Power & Instrumentation (Gujarat) Ltd. (PIGL) vs. iShares MSCI India ETF (INDA)
Market Cap
₹1.83B
Dividend Yield0.15%
Average Volume (3M)90.03K
Price to Earnings (P/E)17.1
Beta (1Y)0.28
Revenue Growth48.46%
EPS Growth11.68%
CountryIN
Employees75
SectorIndustrials
Sector Strength72
IndustryEngineering & Construction
Share Statistics
EPS (TTM)1.84
Shares Outstanding17,832,900
10 Day Avg. Volume102,174
30 Day Avg. Volume90,026
Financial Highlights & Ratios
PEG Ratio0.53
Price to Book (P/B)2.44
Price to Sales (P/S)1.60
P/FCF Ratio-6.81
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price TargetN/A
Price Target UpsideN/A
Rating ConsensusN/A
Number of Analyst Covering0
EPS Forecast (FY)N/A
Revenue Forecast (FY)N/A
Power & Instrumentation (Gujarat) Ltd. Business Overview & Revenue Model
Company Description
Power & Instrumental (Gujarat) Limited engages in electrical contract work business and deals in electrical equipment in India. The company provides contracting based, industrial electrical, and power backup and standby services; and services for ...
How the Company Makes Money
Power & Instrumentation (Gujarat) Ltd. (PIGL) generates revenue primarily through its turnkey electrical contracting projects and EPC solutions. The company earns by designing, executing, and maintaining electrical systems for industrial installat...
Power & Instrumentation (Gujarat) Ltd. Financial Statement Overview
Summary
Income Statement
72
Positive
Balance Sheet
65
Positive
Cash Flow
55
Neutral
| Breakdown | TTM | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 | Mar 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 1.85B | 1.69B | 974.90M | 930.90M | 912.80M | 854.38M |
| Gross Profit | 267.31M | 236.47M | 188.40M | 145.80M | 136.40M | 150.07M |
| EBITDA | 202.28M | 195.87M | 109.10M | 86.10M | 73.50M | 78.60M |
| Net Income | 124.42M | 117.64M | 59.00M | 36.38M | 29.00M | 34.60M |
Balance Sheet | ||||||
| Total Assets | 0.00 | 1.73B | 1.07B | 1.07B | 977.90M | 638.74M |
| Cash, Cash Equivalents and Short-Term Investments | 3.47M | 41.91M | 3.60M | 2.70M | 700.00K | 62.62M |
| Total Debt | 0.00 | 183.68M | 146.80M | 318.80M | 286.70M | 221.42M |
| Total Liabilities | -1.11B | 629.18M | 562.40M | 613.98M | 601.30M | 341.08M |
| Stockholders Equity | 1.11B | 1.11B | 512.26M | 453.30M | 364.50M | 297.66M |
Cash Flow | ||||||
| Free Cash Flow | 0.00 | -395.72M | 83.60M | 9.91M | -48.30M | -11.55M |
| Operating Cash Flow | 0.00 | -392.59M | 84.80M | 12.56M | -44.70M | -7.77M |
| Investing Cash Flow | 0.00 | -124.70M | -1.60M | -43.70M | -4.50M | 195.00K |
| Financing Cash Flow | 0.00 | 517.16M | -82.00M | 36.62M | 20.80M | 14.21M |
Power & Instrumentation (Gujarat) Ltd. Technical Analysis
Neutral
116.23
Price Trends
108.63
Negative
123.22
Negative
135.58
Negative
Market Momentum
-2.92
Negative
47.69
Neutral
73.17
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For IN:PIGL, the sentiment is Neutral. The current price of 116.23 is above the 20-day moving average (MA) of 101.09, above the 50-day MA of 108.63, and below the 200-day MA of 135.58, indicating a neutral trend. The MACD of -2.92 indicates Negative momentum. The RSI at 47.69 is Neutral, neither overbought nor oversold. The STOCH value of 73.17 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Neutral sentiment for IN:PIGL.
Power & Instrumentation (Gujarat) Ltd. Peers Comparison
UnderperformOutperform
Sector (63)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
68 Neutral | ₹12.52B | 16.63 | ― | ― | 34.48% | 40.61% | |
63 Neutral | $10.79B | 15.43 | 7.44% | 2.01% | 2.89% | -14.66% | |
62 Neutral | ₹2.06B | -483.49 | ― | 0.62% | 0.76% | 17.16% | |
61 Neutral | ₹2.31B | 24.31 | ― | ― | 4.10% | 4.86% | |
59 Neutral | ₹1.83B | 17.13 | ― | 0.15% | 48.46% | 11.68% |
* Industrials Sector Average
IN:PIGL
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0.00%
Power & Instrumentation (Gujarat) Ltd. Corporate Events
Power & Instrumentation (Gujarat) Raises Equity Capital via Warrant Conversion
Mar 19, 2026
Power Instrumentation (Gujarat) Ltd. has approved the conversion of 300,000 previously issued convertible warrants into an equal number of equity shares at a premium, allotted on a preferential basis to both promoter and non-promoter investors. F...
Power & Instrumentation (Gujarat) Boosts Capital via Final Promoter Warrant Conversion
Mar 19, 2026
Power Instrumentation (Gujarat) Ltd. has increased its paid-up equity share capital through the conversion of 300,000 warrants into fully paid equity shares allotted to promoter group entity Padmavir Hospitality LLP on a preferential basis at Rs ...
Power & Instrumentation (Gujarat) to Raise Stake in Peaton Electrical Subsidiary
Mar 18, 2026
Power Instrumentation (Gujarat) Ltd. has moved to deepen its presence in the power equipment manufacturing space by increasing its stake in subsidiary Peaton Electrical Company Ltd., a producer of unitized substations and MV/LV panels for PSU, go...
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.