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Last Updated on: 30 December, 2024
Author: Getaka|Social: Getaka Financial Technology X (Earlier Twitter) Profile Getaka Financial Technology LinkedIn Logo
Stock Ticker - BSE: 532309 | NSE: GEPIL

GE Power India Ltd: Fundamental Analysis, Share Price Insights & Intrinsic Value (2024)

Share Price and Basic Stock Data

Last Updated: December 29, 2024, 9:48 pm

Market Cap 2,548 Cr.
Current Price 379
High / Low 647/224
Stock P/E204
Book Value 18.7
Dividend Yield0.00 %
ROCE18.4 %
ROE114 %
Face Value 10.0
PEG Ratio-3.63

Stock P/E, Current Price, and Intrinsic Value Over Time

View Share Price Target for GE Power India Ltd

Competitors of GE Power India Ltd

Stock NameMarket CapCurrent PriceHigh / LowStock P/EBook ValueDividend YieldROCEROEFace Value
Genus Prime Infra Ltd 35.1 Cr. 23.5 35.1/13.8 32.30.00 %2.80 %4.09 % 2.00
Ekansh Concepts Ltd 210 Cr. 139 157/41.6 32.20.00 %8.19 %0.25 % 10.0
Dhruv Consultancy Services Ltd 233 Cr. 123 168/58.139.6 52.70.41 %12.1 %9.57 % 10.0
Crane Infrastructure Ltd 17.1 Cr. 23.7 40.0/16.720.2 41.40.00 %6.44 %4.99 % 10.0
Brahmaputra Infrastructure Ltd 157 Cr. 54.0 114/52.19.26 62.10.00 %10.6 %10.6 % 10.0
Industry Average1,437.92 Cr152.0339.1276.430.10%9.77%13.06%8.15

All Competitor Stocks of GE Power India Ltd

Quarterly Result

MonthDec 2020Mar 2021Jun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023
Sales1,093.00930.50540.42732.12757.11590.79490.90427.77532.66344.48423.57354.21456.22
Expenses1,027.97873.91673.17704.53749.75653.62562.97552.60545.11463.67555.66403.05470.79
Operating Profit65.0356.59-132.7527.597.36-62.83-72.07-124.83-12.45-119.19-132.09-48.84-14.57
OPM %5.95%6.08%-24.56%3.77%0.97%-10.63%-14.68%-29.18%-2.34%-34.60%-31.18%-13.79%-3.19%
Other Income22.72-1.2410.7853.50-22.83-45.3029.2032.361.8117.1617.2410.1737.25
Interest29.4618.2219.2117.7218.4427.0613.5815.1013.8518.2015.9818.1517.28
Depreciation11.4412.5611.6011.5511.878.706.785.005.035.724.965.035.03
Profit before tax46.8524.57-152.7851.82-45.78-143.89-63.23-112.57-29.52-125.95-135.79-61.850.37
Tax %25.10%34.80%24.73%24.10%25.47%-24.47%6.66%0.00%-371.85%-2.98%0.00%0.00%0.00%
Net Profit35.0916.02-114.9939.33-34.12-179.10-59.02-112.57-139.29-129.70-135.79-61.850.37
EPS in Rs5.222.38-17.105.85-5.08-26.64-8.78-16.74-20.72-19.29-20.20-9.200.06

Last Updated: Unknown

Quarterly Chart

Profit & Loss - Annual Report

Last Updated: Unknown

MonthMar 2012Mar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023TTM
Sales2,4202,7862,6052,1241,7111,9931,3381,9032,4463,3432,6201,7961,578
Expenses2,1902,5412,4081,9481,8861,9411,2031,7122,2943,1792,7642,1081,893
Operating Profit230245198177-17653135191152164-144-313-315
OPM %10%9%8%8%-10%3%10%10%6%5%-5%-17%-20%
Other Income729520717318492-94015766-58182
Interest122410316032546981977770
Depreciation51556173726051316650442321
Profit before tax250282320266-94264214617399-291-331-323
Tax %33%35%28%34%39%110%37%48%51%29%1%-33%
Net Profit168184231177-58-227758570-289-441-327
EPS in Rs25.0627.3134.3126.31-8.63-0.373.9611.2212.5810.48-42.96-65.54-48.63
Dividend Payout %40%37%41%38%0%-820%76%54%16%10%0%0%

Profit & Loss Yearly Chart

YoY Net Profit Growth

Year2012-20132013-20142014-20152015-20162016-20172017-20182018-20192019-20202020-20212021-20222022-2023
YoY Net Profit Growth (%)9.52%25.54%-23.38%-132.77%96.55%1450.00%177.78%13.33%-17.65%-512.86%-52.60%
Change in YoY Net Profit Growth (%)0.00%16.02%-48.92%-109.39%229.32%1353.45%-1272.22%-164.44%-30.98%-495.21%460.26%

GE Power India Ltd has shown an inconsistent trend in YoY Net Profit Growth (%) in the last 11 years from 2012-2013 to 2022-2023.

Growth

Compounded Sales Growth
10 Years:-5%
5 Years:-3%
3 Years:-21%
TTM:-15%
Compounded Profit Growth
10 Years:%
5 Years:%
3 Years:%
TTM:103%
Stock Price CAGR
10 Years:-5%
5 Years:-13%
3 Years:14%
1 Year:62%
Return on Equity
10 Years:-5%
5 Years:-18%
3 Years:-52%
Last Year:-114%

Last Updated: Unknown

Balance Sheet

Last Updated: December 14, 2024, 3:37 pm

MonthMar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Sep 2024
Equity Capital67676767676767676767676767
Reserves735863911758760761815849904609165258
Borrowings0-0-0-0-0-0-013745338835916335
Other Liabilities1,9202,1862,0902,7623,0393,0852,6772,3162,5692,3942,2722,3492,320
Total Liabilities2,7223,1173,0693,5883,8673,9133,5593,3703,9933,4582,8642,5812,480
Fixed Assets4454443963743502711513072831331109869
CWIP3724503928912522141
Investments-0-0-033333310131921
Other Assets2,2402,6492,6223,1723,4863,6303,3943,0563,7053,3122,7402,4612,389
Total Assets2,7223,1173,0693,5883,8673,9133,5593,3703,9933,4582,8642,5812,480

Reserves and Borrowings Chart

Cash Flow

MonthMar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024
Cash from Operating Activity +322231896243048-241-563-4784990173
Cash from Investing Activity +-6625367-182-91-70022391763-56-7
Cash from Financing Activity +-80-83-111-84-2-28-39-86254-79-48-240
Net Cash Flow-115165445-205337-680-57267-160-3548-74

Free Cash Flow

MonthMar 2012Mar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023
Free Cash Flow230.00245.00198.00177.00-176.0053.00135.00191.0015.00-289.00-532.00-672.00

Free Cash Flow = Income Generated from Operational Activities - Borrowings - Capital Work in Progress (CWIP)

Consistent positive free cash flow is crucial for businesses as it indicates their ability to generate cash from their core operations. It provides financial flexibility, allowing companies to invest in growth opportunities, pay dividends to shareholders, reduce debt, and weather economic downturns more effectively.

Free Cash Flow Chart

Financial Efficiency Indicators

MonthMar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024
Debtor Days144157166231155259188198242334397382
Inventory Days67192249192228649706737203642
Days Payable751511564289191,814284255201263321347
Cash Conversion Cycle135197259-5-536-907-2610789111277
Working Capital Days2323-38-53-120-187-6430807337-24
ROCE %38%26%24%-7%17%26%34%22%17%-4%-29%-18%

Financial Efficiency Indicators Chart

Share Holding Pattern

MonthSep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024
Promoters68.58%68.58%68.58%68.58%68.58%68.58%68.58%68.58%68.58%68.58%68.58%68.58%
FIIs1.11%1.18%0.50%0.31%0.14%0.13%0.15%0.07%0.23%0.11%0.25%0.39%
DIIs12.98%11.62%10.35%10.36%8.87%8.77%8.73%8.44%5.27%3.87%3.50%2.99%
Government0.39%0.39%0.39%0.39%0.39%0.39%0.39%0.39%0.39%0.39%0.39%0.39%
Public16.95%18.24%20.18%20.36%22.01%22.11%22.14%22.52%25.53%27.04%27.27%27.65%
No. of Shareholders52,39553,23759,09058,38858,78458,07556,51656,72659,30461,26261,20163,524

Shareholding Pattern Chart

No. of Shareholders

Mutual Fund Holdings

Fund NameNo of SharesAUM (%)Amount Invested (Cr)Previous Number of SharesPrevious DatePercentage Change
Nippon India Multi Cap Fund1,900,0000.2157.21,900,0002024-12-240%

ROCE Trend

EPS Trend

Key Financial Ratios

MonthMar 24Mar 23Mar 22Mar 21Mar 20
FaceValue10.0010.0010.0010.0010.00
Basic EPS (Rs.)-25.49-65.54-42.9610.4812.58
Diluted EPS (Rs.)-25.49-65.54-42.9610.4812.58
Cash EPS (Rs.)-23.34-62.63-36.9017.9322.47
Book Value[Excl.RevalReserv]/Share (Rs.)10.2334.59100.52144.52136.35
Book Value[Incl.RevalReserv]/Share (Rs.)10.2334.59100.52144.52136.35
Revenue From Operations / Share (Rs.)241.67267.11389.77497.25363.80
PBDIT / Share (Rs.)-13.42-35.74-3.3037.6038.09
PBIT / Share (Rs.)-16.41-39.09-9.8130.1528.20
PBT / Share (Rs.)-26.34-49.72-43.6714.7625.77
Net Profit / Share (Rs.)-26.34-65.98-43.4110.4812.58
NP After MI And SOA / Share (Rs.)-25.48-65.53-42.9610.4812.58
PBDIT Margin (%)-5.55-13.38-0.847.5610.46
PBIT Margin (%)-6.79-14.63-2.516.067.75
PBT Margin (%)-10.89-18.61-11.202.967.08
Net Profit Margin (%)-10.89-24.70-11.132.103.45
NP After MI And SOA Margin (%)-10.54-24.53-11.022.103.45
Return on Networth / Equity (%)-248.98-189.48-42.737.259.22
Return on Capital Employeed (%)-49.66-63.37-7.7416.6416.66
Return On Assets (%)-6.63-15.38-8.351.762.51
Total Debt / Equity (X)1.481.250.430.320.00
Asset Turnover Ratio (%)0.590.560.700.900.70
Current Ratio (X)0.961.041.151.231.25
Quick Ratio (X)0.931.001.121.161.15
Inventory Turnover Ratio (X)8.5910.8310.209.406.07
Dividend Payout Ratio (NP) (%)0.000.00-2.3219.0847.68
Dividend Payout Ratio (CP) (%)0.000.00-2.7411.1526.70
Earning Retention Ratio (%)0.000.00102.3280.9252.32
Cash Earning Retention Ratio (%)0.000.00102.7488.8573.30
Interest Coverage Ratio (X)-1.35-3.96-0.263.765.20
Interest Coverage Ratio (Post Tax) (X)-1.65-6.13-0.772.592.05
Enterprise Value (Cr.)1734.46736.311137.142017.562823.10
EV / Net Operating Revenue (X)1.070.410.430.601.15
EV / EBITDA (X)-19.23-3.06-51.207.9811.02
MarketCap / Net Operating Revenue (X)1.100.370.390.571.31
Retention Ratios (%)0.000.00102.3280.9152.31
Price / BV (X)25.932.871.521.983.49
Price / Net Operating Revenue (X)1.100.370.390.571.31
EarningsYield-0.09-0.66-0.280.030.02

Profitability Ratios (%)

Liquidity Ratios

Liquidity Ratios (%)

Interest Coverage Ratios (%)

Valuation Ratios

Fair Value

Fair Value of GE Power India Ltd as of December 30, 2024 is: 4,435.85

Calculation basis:

  • Fair value = P/E Ratio * (Return on Equity / 100) * Book Value * (1 + Dividend Yield / 100)
  • P/E Ratio (Price-to-Earnings Ratio): Represents the price of the stock relative to its earnings per share. A higher P/E ratio indicates that investors are willing to pay a higher price for the stock.
  • Return on Equity (ROE): Measures a company's profitability relative to its shareholder equity. It showcases the company's ability to generate profits using the investment made by its shareholders, offering valuable insight into its operational efficiency and financial performance.
  • Book Value: Represents the net asset value of the company per share. It is calculated as the total assets minus intangible assets and liabilities, divided by the number of outstanding shares.
  • Dividend Yield: The ratio of the annual dividend per share to the current market price per share. It offers valuable insights into the profitability of an investment through dividends.

This formula allows us to gauge the fair value of the stock by analyzing its fundamental indicators.

As of December 30, 2024, GE Power India Ltd is Undervalued by 1,070.41% compared to the current share price 379.00

Intrinsic Value of GE Power India Ltd as of December 30, 2024 is: 1,941.80

Calculation basis:

  • Intrinsic value = P/E Ratio * (Return on Equity / 100) * Book Value * (1 + Dividend Yield / 100) * (1 + EPS CAGR for Last 5 Years)
  • P/E Ratio (Price-to-Earnings Ratio): Represents the price of the stock relative to its earnings per share. A higher P/E ratio indicates that investors are willing to pay a higher price for the stock.
  • Return on Equity (ROE): Measures a company's profitability relative to its shareholder equity. It showcases the company's ability to generate profits using the investment made by its shareholders, offering valuable insight into its operational efficiency and financial performance.
  • Book Value: Represents the net asset value of the company per share. It is calculated as the total assets minus intangible assets and liabilities, divided by the number of outstanding shares.
  • Dividend Yield: The ratio of the annual dividend per share to the current market price per share. It offers valuable insights into the profitability of an investment through dividends.
  • EPS CAGR (Compound Annual Growth Rate): Represents the geometric mean growth rate of earnings per share over the last 5 years. It provides insight into the historical growth trajectory of the company's earnings.

This formula allows us to gauge the intrinsic value of the stock by analyzing its fundamental indicators along with EPS growth.

As of December 30, 2024, GE Power India Ltd is Undervalued by 412.35% compared to the current share price 379.00

Last 5 Year EPS CAGR: -56.22%

*Investments are subject to market risks

Strength and Weakness

StrengthWeakness
  1. The stock has a low average Working Capital Days of -18.33, which is a positive sign.
  2. The stock has a low average Cash Conversion Cycle of -42.92, which is a positive sign.
  3. The company has higher reserves (630.00 cr) compared to borrowings (118.08 cr), indicating strong financial stability.
  4. The company has shown consistent growth in sales (1.62 cr) and profit (43.46 cr) over the years.
  1. The stock has a low average ROCE of 12.17%, which may not be favorable.

Stock Analysis

  • Considering all of the following key financial indicators, prospective investors are encouraged to conduct thorough research and seek professional guidance before considering any investment in GE Power India Ltd:
    1. Net Profit Margin: -10.89%
      • Net Profit Margin: This metric indicates the percentage of profit a company makes from its total revenue. A higher net profit margin is generally desirable as it reflects better profitability.
    2. ROCE: -49.66% (Industry Average ROCE: 8.8%)
      • ROCE (Return on Capital Employed): ROCE measures a company's profitability and the efficiency with which its capital is employed. A higher ROCE indicates efficient use of capital.
    3. ROE%: -248.98% (Industry Average ROE: 10.45%)
      • ROE (Return on Equity): ROE measures a company's profitability relative to shareholders' equity. A higher ROE indicates efficient use of shareholders' funds.
    4. Interest Coverage Ratio (Post Tax): -1.65
      • Interest Coverage Ratio: The interest coverage ratio measures a company's ability to cover its interest payments on outstanding debt. A ratio greater than 2 is generally considered healthy as it indicates the company can meet its interest obligations comfortably.
    5. Quick Ratio: 0.93
      • Quick Ratio: The quick ratio assesses a company's ability to cover its short-term liabilities with its most liquid assets. A ratio higher than 1 suggests the company can meet its short-term obligations without relying heavily on inventory.
    6. Stock P/E: 204 (Industry average Stock P/E: 25.43)
      • Stock P/E (Price-to-Earnings) Ratio: The P/E ratio compares a company's current share price to its earnings per share. A lower P/E ratio relative to industry peers or historical values may indicate that the stock is undervalued.
    7. Total Debt / Equity: 1.48
      • Total Debt / Equity: This ratio measures a company's financial leverage by comparing its total debt to its total equity. A lower ratio indicates lower financial risk and greater financial stability.
    The current analysis is available for review. It's important to conduct thorough research and consider consulting with financial professionals before making any investment decisions.
    Stock Rating:

About the Company - Qualitative Analysis

GE Power India Ltd. is a Public Limited Listed company incorporated on 02/09/1992 and has its registered office in the State of Maharashtra, India. Company’s Corporate Identification Number(CIN) is L74140MH1992PLC068379 and registration number is 068379. Currently Company is involved in the business activities of Construction of utility projects. Company’s Total Operating Revenue is Rs. 2620.44 Cr. and Equity Capital is Rs. 67.23 Cr. for the Year ended 31/03/2022.
INDUSTRYADDRESSCONTACT
Infrastructure - GeneralRegus Magnum Business Centers, Mumbai Maharashtra 400051in.investor-relations@ge.com
https://www.ge.com/in/ge-power-india-limited
Management
NamePosition Held
Mr. Mahesh Shrikrishna PalashikarChairman & Non-Exe.Director
Mr. Prashant Chiranjive JainManaging Director
Mr. Aashish GhaiWholeTime Director & CFO
Mr. Arun Kannan ThiagarajanInd. Non-Executive Director
Dr. Uddesh Kumar KohliInd. Non-Executive Director
Ms. Shukla WassanInd. Non-Executive Director
Mr. Ashok Kumar BaratInd. Non-Executive Director
Mr. Ravinder Singh DhillonInd. Non-Executive Director

FAQ

What is the latest intrinsic value of GE Power India Ltd?

The latest intrinsic value of GE Power India Ltd as on 30 December 2024 is ₹4435.85, which is 1070.41% higher than the current market price of ₹379.00. The stock has a market capitalization of 2,548 Cr. and recorded a high/low of 647/224 during the current fiscal year 2024-2025. As of Sep 2024, the company has reserves of ₹58 Cr and total liabilities of ₹2,480 Cr.

What is the Market Cap of GE Power India Ltd?

The Market Cap of GE Power India Ltd is 2,548 Cr..

What is the current Stock Price of GE Power India Ltd as on 30 December 2024?

The current stock price of GE Power India Ltd as on 30 December 2024 is 379.

What is the High / Low of GE Power India Ltd stocks in FY 2024-2025?

In FY 2024-2025, the High / Low of GE Power India Ltd stocks is 647/224.

What is the Stock P/E of GE Power India Ltd?

The Stock P/E of GE Power India Ltd is 204.

What is the Book Value of GE Power India Ltd?

The Book Value of GE Power India Ltd is 18.7.

What is the Dividend Yield of GE Power India Ltd?

The Dividend Yield of GE Power India Ltd is 0.00 %.

What is the ROCE of GE Power India Ltd?

The ROCE of GE Power India Ltd is 18.4 %.

What is the ROE of GE Power India Ltd?

The ROE of GE Power India Ltd is 114 %.

What is the Face Value of GE Power India Ltd?

The Face Value of GE Power India Ltd is 10.0.

About the Author

Author Avatar
Getaka

Getaka, CFA, a financial analyst with 15 years of experience in the industry. Getaka holds an MBA degree and the Chartered Financial Analyst designation, demonstrating his profound understanding of financial analysis and investment management. Throughout his career, he has conducted numerous financial analyses and due diligence processes for companies in the industry, and has a strong track record of identifying key trends and opportunities. He leverages his expertise to deliver a thorough financial analysis of a company, encompassing its financial performance, key ratios, future prospects, and risks. Getaka is committed to providing accurate, reliable, and trustworthy information to help readers make informed decisions about their finances and investments.

Disclaimer: This article is for informational purposes only and should not be construed as financial advice. The author is not a SEBI registered financial advisor and does not have any vested interest in GE Power India Ltd. Investors are advised to conduct their own due diligence and consult with a financial professional before making any investment decisions. The information provided in this article is based on publicly available data and the author's analysis, but it may not be comprehensive or up-to-date. The author and getaka.co.in are not responsible for any errors or omissions in the content. This article is not intended to promote any particular investment strategy or recommendation, and readers should consult with their own financial advisors before making any investment decisions. Data Source: NSE