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Last Updated on: 21 June, 2024|Author: Getaka | Social: X Twitter Profile
Stock Ticker - BSE: 532309 | NSE: GEPIL

Fundamental Analysis of GE Power India Ltd

Basic Stock Data

Last Updated: June 20, 2024, 10:50 pm

Market Cap 2,646 Cr.
Current Price 393
High / Low417/153
Stock P/E
Book Value 10.2
Dividend Yield0.00 %
ROCE25.3 %
ROE114 %
Face Value 10.0
PEG Ratio0.00

Competitors of GE Power India Ltd

Stock NameMarket CapCurrent PriceHigh / LowStock P/EBook ValueDividend YieldROCEROEFace Value
Kridhan Infra Ltd 36.5 Cr. 3.857.68/1.90 37.50.00 %%% 2.00
Sadbhav Infrastructure Projects Ltd 222 Cr. 6.299.31/3.60 16.10.00 %10.2 %% 10.0
Gayatri Highways Ltd 34.3 Cr. 1.441.55/0.55 73.20.00 %119 %% 2.00
Mitcon Consultancy & Engineering Services Ltd 191 Cr. 142161/66.835.9 86.10.00 %9.45 %4.90 % 10.0
Brahmaputra Infrastructure Ltd 247 Cr. 85.095.6/38.014.4 59.60.00 %10.6 %10.6 % 10.0
Industry Average530.97 Cr117.0114.8469.320.11%16.58%5.90%8.07

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: June 1, 2024, 2:13 am

Quarterly Chart

Profit & Loss - Annual Report

Last Updated: June 1, 2024, 2:13 am

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%

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:-2%
5 Years:-18%
3 Years:7%
1 Year:170%
Return on Equity
10 Years:-1%
5 Years:-7%
3 Years:-22%
Last Year:-95%

Last Updated: April 17, 2024, 1:35 am

Balance Sheet

Last Updated: June 1, 2024, 2:13 am

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

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

Free Cash Flow

MonthMar 2012Mar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023
Free Cash Flow230.00245.00198.00177.00-176.0053.00135.00191.0015.00-289.00-532.00-675.00

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 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%

Financial Efficiency Indicators Chart

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

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 Fund1,900,0000.2157.21,900,0002024-06-170%

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 (%)-248.99-189.48-42.737.259.22
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)14.2310.8310.209.406.07
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: 177.91

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.

Overvalued: 54.73% compared to the current price 393

Default values used*: Deafault value of 15 for Stock P/E is used

Intrinsic Value: 77.88

Calculation basis:

  • Fair 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 fair value of the stock by analyzing its fundamental indicators along with EPS growth.

Overvalued: 80.18% compared to the current price ₹393

Default values used*: Deafault value of 15 for Stock P/E is used

Last 5 Year EPS CAGR: -56.22%

*Investments are subject to market risks

Strength and Weakness

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 (43.46 cr) over the years.

    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: %)
        • 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%: -248.99% (Industry Average ROE: %)
        • 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: (Industry average Stock P/E: )
        • 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

    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

    FAQ

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

    The latest fair value of GE Power India Ltd is ₹177.91.

    What is the Market Cap of GE Power India Ltd?

    The Market Cap of GE Power India Ltd is 2,646 Cr..

    What is the current Stock Price of GE Power India Ltd as on 21 June 2024?

    The current stock price of GE Power India Ltd as on 21 June 2024 is ₹393.

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

    In FY 2024, the High / Low of GE Power India Ltd stocks is 417/153.

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

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

    What is the Book Value of GE Power India Ltd?

    The Book Value of GE Power India Ltd is 10.2.

    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 25.3 %.

    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