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Last Updated on: 27 February, 2024|Author: Getaka | Social: X Twitter Profile

Fundamental Analysis of GE Power India Ltd

About the Company - GE Power India Ltd

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, 11th floor, Platina, Block G, 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. Yogesh GuptaWholeTime Director & CFO
Mr. Arun Kannan ThiagarajanInd. Non-Executive Director
Dr. Uddesh Kumar KohliInd. Non-Executive Director
Ms. Shukla WassanInd. Non-Executive Director

GE Power India Ltd. Share Price Update

Share PriceValue
Today₹303.25
Previous Day₹295.55

Basic Stock Data of GE Power India Ltd

Market Cap 1,986 Cr.
Current Price 295
High / Low319/97.4
Stock P/E
Book Value 4.99
Dividend Yield0.00 %
ROCE29.4 %
ROE95.4 %
Face Value 10.0

Data Source: screener.in

Competitors of GE Power India Ltd

Stock NameMarket CapCurrent PriceHigh / LowStock P/EBook ValueDividend YieldROCEROEFace Value
MEP Infrastructure Developers Ltd 294 Cr. 16.022.2/9.50 21.60.00 %20.9 %% 10.0
Noida Toll Bridge Company Ltd 211 Cr. 11.415.6/5.71 11.70.00 %11.0 %13.8 % 10.0
Transwind Infrastructures Ltd 25.4 Cr. 38.038.0/5.2568.7 23.10.00 %5.23 %3.32 % 10.0
Power & Instrumentation (Gujarat) Ltd 100 Cr. 79.293.4/36.222.6 37.50.25 %11.9 %9.15 % 10.0
Gayatri Highways Ltd 32.4 Cr. 1.351.55/0.55 63.00.00 %1.04 %% 2.00
Industry Average132.56 Cr29.1918.2631.380.05%10.01%5.25%8.40

GE Power India Ltd Quarterly Results

MonthSep 2020Dec 2020Mar 2021Jun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023
Sales8881,093930540732757591491428533344424354
Expenses8451,028874673705750654563553545464556403
Operating Profit426557-133287-63-72-125-12-119-132-49
OPM %5%6%6%-25%4%1%-11%-15%-29%-2%-35%-31%-14%
Other Income3023-11154-23-4529322171710
Interest11291819181827141514181618
Depreciation1111131212129755655
Profit before tax504725-15352-46-144-63-113-30-126-136-62
Tax %26%25%35%25%24%25%-24%7%0%-372%-3%0%0%
Net Profit373516-11539-34-179-59-113-139-130-136-62
EPS in Rs5.565.222.38-17.105.85-5.08-26.64-8.78-16.74-20.72-19.29-20.20-9.20

GE Power India Ltd Quarterly Chart

GE Power India Ltd Profit & Loss

MonthMar 2012Mar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023TTM
Sales2,4202,7862,6052,1241,7111,9931,3381,9032,4463,3432,6201,7961,655
Expenses2,1902,5412,4081,9481,8861,9411,2031,7122,2943,1792,7642,1081,967
Operating Profit230245198177-17653135191152164-144-313-313
OPM %10%9%8%8%-10%3%10%10%6%5%-5%-17%-19%
Other Income729520717318492-94015766-58146
Interest122410316032546981977766
Depreciation51556173726051316650442321
Profit before tax250282320266-94264214617399-291-331-353
Tax %33%35%28%34%39%110%37%48%51%29%1%-33%
Net Profit168184231177-58-227758570-289-441-467
EPS in Rs25.0627.3134.3126.31-8.63-0.373.9611.2212.5810.48-42.96-65.54-69.41
Dividend Payout %40%37%41%38%0%-820%76%54%16%10%0%0%

GE Power India Ltd Profit & Loss Yearly Chart

GE Power India Ltd Growth

Compounded Sales Growth
10 Years:-4%
5 Years:6%
3 Years:-10%
TTM:-23%
Compounded Profit Growth
10 Years:%
5 Years:%
3 Years:%
TTM:29%
Stock Price CAGR
10 Years:-1%
5 Years:-17%
3 Years:2%
1 Year:146%
Return on Equity
10 Years:-1%
5 Years:-7%
3 Years:-22%
Last Year:-95%

GE Power India Ltd Balance Sheet

MonthMar 2012Mar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Sep 2023
Equity Capital67676767676767676767676767
Reserves627735863911758760761815849904609165-34
Borrowings00000000137453388362447
Other Liabilities2,0531,9202,1862,0902,7623,0393,0852,6772,3162,5692,3942,2692,295
Total Liabilities2,7472,7223,1173,0693,5883,8673,9133,5593,3703,9933,4582,8642,776
Fixed Assets373445444396374350271151307283133110105
CWIP95372450392891252211
Investments0000333333101314
Other Assets2,2792,2402,6492,6223,1723,4863,6303,3943,0563,7053,3122,7402,657
Total Assets2,7472,7223,1173,0693,5883,8673,9133,5593,3703,9933,4582,8642,776

GE Power India Ltd Reserves and Borrowings Chart

GE Power India Ltd Cash Flow

MonthMar 2012Mar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023
Cash from Operating Activity -128322231896243048-241-563-4784990
Cash from Investing Activity -304-6625367-182-91-70022391763-56
Cash from Financing Activity -78-80-83-111-84-2-28-39-86254-79-48
Net Cash Flow-510-115165445-205337-680-57267-160-3548

GE Power India Ltd Financial Efficiency Indicators

MonthMar 2012Mar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023
Debtor Days155144157166231155259188198242334397
Inventory Days192671922491922286497067372036
Days Payable166751511564289191,814284255201263321
Cash Conversion Cycle182135197259-5-536-907-26107891112
Working Capital Days-72323-38-53-120-187-6430807337
ROCE %39%38%26%24%-7%17%26%34%22%17%-4%-29%

GE Power India Ltd Financial Efficiency Indicators Chart

GE Power India Ltd Share Holding Pattern

MonthMar 2021Jun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023
Promoters68.58%68.58%68.58%68.58%68.58%68.58%68.58%68.58%68.58%68.58%68.58%68.58%
FIIs1.41%1.31%1.11%1.18%0.50%0.31%0.14%0.13%0.15%0.07%0.23%0.11%
DIIs15.28%14.30%12.98%11.62%10.35%10.36%8.87%8.77%8.73%8.44%5.27%3.87%
Government0.39%0.39%0.39%0.39%0.39%0.39%0.39%0.39%0.39%0.39%0.39%0.39%
Public14.35%15.43%16.95%18.24%20.18%20.36%22.01%22.11%22.14%22.52%25.53%27.04%
No. of Shareholders49,04555,54052,39553,23759,09058,38858,78458,07556,51656,72659,30461,262

GE Power India Ltd Shareholding Pattern Chart

No. of GE Power India Ltd Shareholders

GE Power India Ltd Mutual Fund Holdings

Fund NameNo of SharesAUM (%)Amount Invested (Cr)
Nippon India Multi Cap Fund21000000.2147.81

GE Power India Ltd ROCE Trend

GE Power India Ltd EPS Trend

GE Power India Ltd Key Financial Ratios

MonthMar 23Mar 22Mar 21Mar 20Mar 19
FaceValue10.0010.0010.0010.0010.00
Basic EPS (Rs.)-65.54-42.9610.4812.5811.22
Diluted EPS (Rs.)-65.54-42.9610.4812.5811.22
Cash EPS (Rs.)-62.63-36.9017.9322.4715.89
Book Value[Excl.RevalReserv]/Share (Rs.)34.59100.52144.52136.35131.18
Book Value[Incl.RevalReserv]/Share (Rs.)34.59100.52144.52136.35131.18
Revenue From Operations / Share (Rs.)267.11389.77497.25363.80283.03
PBDIT / Share (Rs.)-35.74-3.3037.6038.0946.27
PBIT / Share (Rs.)-39.09-9.8130.1528.2041.60
PBT / Share (Rs.)-49.72-43.6714.7625.7721.75
Net Profit / Share (Rs.)-65.98-43.4110.4812.5811.22
NP After MI And SOA / Share (Rs.)-65.53-42.9610.4812.5811.22
PBDIT Margin (%)-13.38-0.847.5610.4616.34
PBIT Margin (%)-14.63-2.516.067.7514.69
PBT Margin (%)-18.61-11.202.967.087.68
Net Profit Margin (%)-24.70-11.132.103.453.96
NP After MI And SOA Margin (%)-24.53-11.022.103.453.96
Return on Networth / Equity (%)-189.48-42.737.259.228.54
Return on Capital Employeed (%)-63.37-7.7416.6416.6628.87
Return On Assets (%)-15.38-8.351.762.512.11
Total Debt / Equity (X)1.250.430.320.000.00
Asset Turnover Ratio (%)0.560.700.900.700.50
Current Ratio (X)1.041.151.231.251.20
Quick Ratio (X)1.001.121.161.151.13
Inventory Turnover Ratio (X)10.8310.209.406.072.75
Dividend Payout Ratio (NP) (%)0.00-2.3219.0847.6826.75
Dividend Payout Ratio (CP) (%)0.00-2.7411.1526.7018.88
Earning Retention Ratio (%)0.00102.3280.9252.3273.25
Cash Earning Retention Ratio (%)0.00102.7488.8573.3081.12
Interest Coverage Ratio (X)-3.96-0.263.765.207.56
Interest Coverage Ratio (Post Tax) (X)-6.13-0.772.592.055.08
Enterprise Value (Cr.)736.311137.142017.562823.104622.82
EV / Net Operating Revenue (X)0.410.430.601.152.43
EV / EBITDA (X)-3.06-51.207.9811.0214.86
MarketCap / Net Operating Revenue (X)0.370.390.571.312.86
Retention Ratios (%)0.00102.3280.9152.3173.24
Price / BV (X)2.871.521.983.496.18
Price / Net Operating Revenue (X)0.370.390.571.312.86
EarningsYield-0.66-0.280.030.020.01

GE Power India Ltd Profitability Ratios (%)

GE Power India Ltd Liquidity Ratios

GE Power India Ltd Liquidity Ratios (%)

GE Power India Ltd Interest Coverage Ratios (%)

GE Power India Ltd Valuation Ratios

Fair Value of GE Power India Ltd Stock

Fair Value: ₹72.84

The stock is overvalued by 75.31% compared to the current price ₹295

*Investments are subject to market risks

Strength and Weakness of GE Power India Ltd Stock

StrengthWeakness
  1. The stock has a high average ROCE of 16.92%, which is a positive sign.
  2. The stock has a low average Working Capital Days of -16.92, which is a positive sign.
  3. The stock has a low average Cash Conversion Cycle of -34.17, which is a positive sign.
  4. The company has higher reserves (671.00 cr) compared to borrowings (137.46 cr), indicating strong financial stability.
  5. The company has shown consistent growth in sales (1.62 cr) and profit (41.15 cr) over the years.
  1. The stock is trading at a high valuation with an average P/B ratio of 10.21 and average Dividend Yield of 2.27%.

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