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Last Updated on: 22 February, 2024|Author: Getaka | Social: X Twitter Profile

Fundamental Analysis of GE T&D India Ltd

About the Company - GE T&D India Ltd

GE T&D India Ltd. is a Public Limited Listed company incorporated on 13/03/1957 and has its registered office in the State of Delhi, India. Company’s Corporate Identification Number(CIN) is L31102DL1957PLC193993 and registration number is 193993. Currently Company is involved in the business activities of Manufacture of electric motors, generators, transformers and electricity distribution and control apparatus. Company’s Total Operating Revenue is Rs. 3065.95 Cr. and Equity Capital is Rs. 51.21 Cr. for the Year ended 31/03/2022.
INDUSTRYADDRESSCONTACT
Power - Transmission/EquipmentA-18, First Floor, FIEE Complex, New Delhi Delhi 110020anupriya.garg@ge.com
http://www.ge.com/in/ge-td-india-limited
Management
NamePosition Held
Mr. Mahesh S PalashikarChairman & Director
Mr. Sandeep ZanzariaManaging Director & CEO
Mr. Sushil KumarWholeTime Director & CFO
Mr. Johan BindeleDirector
Mr. Rakesh NathIndependent Director
Dr. Kirit S ParikhIndependent Director
Mr. Sanjay SagarIndependent Director
Ms. Neera SaggiIndependent Director

GE T&D India Ltd. Share Price Update

Share PriceValue
Today₹800.00
Previous Day₹780.80

Basic Stock Data of GE T&D India Ltd

Market Cap 20,484 Cr.
Current Price 800
High / Low855/98.6
Stock P/E231
Book Value 44.3
Dividend Yield0.00 %
ROCE7.53 %
ROE0.20 %
Face Value 2.00

Data Source: screener.in

GE T&D India Ltd Quarterly Results

MonthDec 2020Mar 2021Jun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023
Sales1,034904638852914662593701777703718698839
Expenses977860637832885821571695731675667637742
Operating Profit574512029-1592254628516197
OPM %6%5%0%2%3%-24%4%1%6%4%7%9%12%
Other Income497001134922-8-1129-4
Interest158111414-181012131177
Depreciation16161616161013141415131312
Profit before tax7527-25-100-3510412-0395073
Tax %26%40%24%20%124%36%38%35%62%-12,692%27%26%32%
Net Profit5616-19-8-0-23635-15283749
EPS in Rs2.180.63-0.75-0.30-0.00-0.880.250.110.19-0.601.101.451.93

GE T&D India Ltd Quarterly Chart

GE T&D India Ltd Profit & Loss

MonthMar 2012Mar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023TTM
Sales4,1393,1523,5243,7113,3034,0524,3324,2193,1593,4523,0662,7732,895
Expenses3,7052,8903,2113,3793,1973,9964,0573,7653,3543,2823,1552,6522,710
Operating Profit43426231333210757275454-195171-89121185
OPM %10%8%9%9%3%1%6%11%-6%5%-3%4%6%
Other Income30344411142141239495691362213
Interest125929291107182106858784596143
Depreciation101818782868890837866585554
Profit before tax23812317717056-73319335-35689-6927101
Tax %32%31%34%29%38%-18%35%36%15%32%29%106%
Net Profit1628411712134-87209213-30360-50-155
EPS in Rs6.803.524.574.711.35-3.388.158.31-11.822.36-1.94-0.062.14
Dividend Payout %26%51%39%38%134%-53%22%22%0%0%0%0%

GE T&D India Ltd Profit & Loss Yearly Chart

GE T&D India Ltd Growth

Compounded Sales Growth
10 Years:-1%
5 Years:-9%
3 Years:-4%
TTM:8%
Compounded Profit Growth
10 Years:%
5 Years:%
3 Years:26%
TTM:181%
Stock Price CAGR
10 Years:16%
5 Years:21%
3 Years:84%
1 Year:625%
Return on Equity
10 Years:2%
5 Years:-2%
3 Years:-3%
Last Year:0%

GE T&D India Ltd Balance Sheet

MonthMar 2012Mar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Sep 2023
Equity Capital48485151515151515151515151
Reserves8298621,1981,2611,1279821,1381,3771,0001,0711,0291,0221,084
Borrowings5944184932805045181008159931622627386
Other Liabilities2,2762,8182,9572,9003,0903,5633,4792,6882,5032,6302,4612,3332,098
Total Liabilities3,7464,1454,7004,4924,7725,1144,7694,1964,1544,0693,7673,6793,319
Fixed Assets649620639687684656586513538494457421407
CWIP185411070332518512229910
Investments0000000000000
Other Assets3,0793,4723,9503,7354,0554,4334,1653,6793,6043,5543,3023,2502,902
Total Assets3,7464,1454,7004,4924,7725,1144,7694,1964,1544,0693,7673,6793,319

GE T&D India Ltd Reserves and Borrowings Chart

GE T&D India Ltd Cash Flow

MonthMar 2012Mar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023
Cash from Operating Activity 252412-141502-911881,054-355-2603118-37
Cash from Investing Activity -137-71-119-137-50-47-306287-30121163
Cash from Financing Activity -202-296219-320120-131-585-114290-324-1029
Net Cash Flow-8745-4245-2011163-182-0-122-26

GE T&D India Ltd Financial Efficiency Indicators

MonthMar 2012Mar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023
Debtor Days159199238211228205152175219201186204
Inventory Days14312124729251154223413617714396119
Days Payable400316673766823805389247272275171197
Cash Conversion Cycle-983-188-262-84-58-46312569111127
Working Capital Days706993717745-95578483451
ROCE %21%14%18%16%10%7%30%31%-14%11%-9%8%

GE T&D India Ltd Financial Efficiency Indicators Chart

GE T&D India Ltd Share Holding Pattern

MonthMar 2021Jun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023
Promoters75.00%75.00%75.00%75.00%75.00%75.00%75.00%75.00%75.00%75.00%75.00%75.00%
FIIs0.47%0.46%0.29%0.26%0.25%0.25%0.27%0.26%0.26%0.37%0.59%0.69%
DIIs15.08%14.55%15.10%15.49%15.47%15.72%15.70%15.73%15.72%16.52%16.18%16.11%
Public9.45%9.99%9.61%9.25%9.28%9.03%9.04%9.01%9.02%8.11%8.23%8.20%
No. of Shareholders40,46443,29042,05941,14341,86240,82539,06339,12338,86538,22639,71737,443

GE T&D India Ltd Shareholding Pattern Chart

No. of GE T&D India Ltd Shareholders

GE T&D India Ltd Mutual Fund Holdings

Fund NameNo of SharesAUM (%)Amount Invested (Cr)
SBI Long Term Equity Fund121943283.06481.98
SBI Small Cap Fund84208401.57332.83
Nippon India Multi Cap Fund68590481.3271.1
Nippon India Large Cap Fund43413911.03171.59
HSBC Value Fund15668210.6761.93
SBI Conservative Hybrid Fund16000000.6861.54
SBI Conservative Hybrid Fund - Div (Annual)16000000.6861.54
SBI Conservative Hybrid Fund - Div (Monthly)16000000.6861.54
SBI Infrastructure Fund11137993.3644.02
Nippon India Value Fund5097860.3620.15

GE T&D India Ltd ROCE Trend

GE T&D India Ltd EPS Trend

GE T&D India Ltd Key Financial Ratios

MonthDec 10
FaceValue10.00
Basic EPS (Rs.)39.05
Diluted EPS (Rs.)39.05
Cash EPS (Rs.)58.62
Book Value[Excl.RevalReserv]/Share (Rs.)209.51
Book Value[Incl.RevalReserv]/Share (Rs.)209.61
Revenue From Operations / Share (Rs.)843.15
PBDIT / Share (Rs.)92.20
PBIT / Share (Rs.)72.62
PBT / Share (Rs.)58.89
Net Profit / Share (Rs.)39.05
NP After MI And SOA / Share (Rs.)39.05
PBDIT Margin (%)10.93
PBIT Margin (%)8.61
PBT Margin (%)6.98
Net Profit Margin (%)4.63
NP After MI And SOA Margin (%)4.63
Return on Networth / Equity (%)18.63
Return on Capital Employeed (%)32.66
Return On Assets (%)4.17
Long Term Debt / Equity (X)0.05
Total Debt / Equity (X)0.89
Current Ratio (X)1.05
Quick Ratio (X)0.90
Dividend Payout Ratio (NP) (%)23.04
Dividend Payout Ratio (CP) (%)15.35
Earning Retention Ratio (%)76.96
Cash Earning Retention Ratio (%)84.65
Interest Coverage Ratio (X)6.71
Interest Coverage Ratio (Post Tax) (X)3.84
Enterprise Value (Cr.)2327.56
EV / Net Operating Revenue (X)0.57
EV / EBITDA (X)5.28
MarketCap / Net Operating Revenue (X)0.38
Retention Ratios (%)76.95
Price / BV (X)1.55
Price / Net Operating Revenue (X)0.38
EarningsYield0.12

GE T&D India Ltd Profitability Ratios (%)

GE T&D India Ltd Liquidity Ratios

GE T&D India Ltd Liquidity Ratios (%)

GE T&D India Ltd Interest Coverage Ratios (%)

GE T&D India Ltd Valuation Ratios

Fair Value of GE T&D India Ltd Stock

Fair Value: ₹20.88

The stock is overvalued by 97.39% compared to the current price ₹800

*Investments are subject to market risks

Strength and Weakness of GE T&D India Ltd Stock

StrengthWeakness
  1. The stock has a low average Cash Conversion Cycle of -16.33, which is a positive sign.
  2. The company has higher reserves (1,075.38 cr) compared to borrowings (345.23 cr), indicating strong financial stability.
  3. The company has shown consistent growth in sales (3.15 cr) and profit (87.46 cr) over the years.
  1. The stock is trading at a high valuation with an average P/B ratio of 72.62 and average Dividend Yield of 8.61%.
  2. The stock has a low average ROCE of 11.92%, which may not be favorable.
  3. The stock has a high average Working Capital Days of 56.83, which may not be favorable.

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 T&D 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