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Last Updated: April 2, 2026, 3:29 am
Author: Getaka|Social: XLinkedIn

Power & Instrumentation (Gujarat) Ltd: Intrinsic Value & Share Price Analysis

Fair Value

₹123.32Undervalued by 19.73%vs CMP ₹103.00

P/E (16.2) × ROE (14.5%) × BV (₹65.50) × DY (0.19%)

₹93.15Fairly Valued by 9.56%vs CMP ₹103.00
MoS: -10.6% (Negative)Confidence: 53/100 (Moderate)Models: 2 Under, 1 Fair, 6 Over
ModelCategoryValueWeightSignal
PE-ROEEarnings₹145.2723%Under (+41%)
Graham NumberEarnings₹105.9717%Fair (+2.9%)
Earnings PowerEarnings₹15.7811%Over (-84.7%)
DCFCash Flow₹127.5911%Under (+23.9%)
Net Asset ValueAssets₹55.507%Over (-46.1%)
EV/EBITDAEnterprise₹69.619%Over (-32.4%)
Earnings YieldEarnings₹76.207%Over (-26%)
ROCE CapitalReturns₹90.549%Over (-12.1%)
Revenue MultipleRevenue₹39.746%Over (-61.4%)
Consensus (9 models)₹93.15100%Fairly Valued
Key Drivers: Wide model spread (₹16–₹145) — high uncertainty.

PE-ROE · Graham · EPV · DCF · NAV · EV/EBITDA · DDM · Earnings Yield · ROCE Capital · Revenue Multiple | CoE: 12% · Terminal: 4% · EPS CAGR: 17.8%

*Investments are subject to market risks

Investment Snapshot

72
Power & Instrumentation (Gujarat) Ltd scores 72/100 (Strong)
Based on 5 dimensions: health, institutional flow, earnings quality, momentum, and peer comparison
Stock Health72/100 · Strong
ROCE 19.8% GoodROE 14.5% GoodD/E 0.77 ModerateInterest Coverage 0.0x RiskyProfitable 5/5 years Consistent
Smart Money75/100 · Strong
DII holding up 0.68% MF buyingPromoter increased by 4.60% Positive
Earnings Quality55/100 · Moderate
OPM expanding (8% → 11%) ImprovingWorking capital: 176 days Capital intensive
Quarterly Momentum78/100 · Strong
Revenue (4Q): +39% YoY AcceleratingProfit (4Q): +19% YoY Positive
Industry Rank90/100 · Strong
P/E 16.2 vs industry 60.1 Cheaper than peersROCE 19.8% vs industry 9.8% Above peers3Y sales CAGR: 23% High growth

Weights: Health 30% · Earnings Quality 25% · Momentum 20% · Industry Rank 15% · Smart Money 10%. Scores are computed from reported financials and recalculated daily. Not investment advice.

Share Price and Basic Stock Data

Last Updated: April 2, 2026, 3:29 am

Market Cap 219 Cr.
Current Price 103
Intrinsic Value₹93.15
High / Low 196/90.6
Stock P/E16.2
Book Value 65.5
Dividend Yield0.19 %
ROCE19.8 %
ROE14.5 %
Face Value 10.0
PEG Ratio0.91

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

View Share Price Target for Power & Instrumentation (Gujarat) Ltd

Competitors

Stock Name ⇩Market Cap ⇩Current Price ⇩High / Low ⇩Stock P/E ⇩Book Value ⇩Dividend Yield ⇩ROCE ⇩ROE ⇩Face Value ⇩
Power & Instrumentation (Gujarat) Ltd 219 Cr. 103 196/90.616.2 65.50.19 %19.8 %14.5 % 10.0
Ekansh Concepts Ltd 254 Cr. 168 308/96.4688 33.30.00 %4.41 %1.88 % 10.0
Rudrabhishek Enterprises Ltd 126 Cr. 69.3 238/60.032.0 85.10.00 %14.9 %9.87 % 10.0
BCPL Railway Infrastructure Ltd 113 Cr. 67.6 120/55.411.5 59.11.48 %12.4 %9.00 % 10.0
Mitcon Consultancy & Engineering Services Ltd 102 Cr. 58.5 97.6/49.620.1 87.00.00 %8.59 %4.59 % 10.0
Industry Average1,557.11 Cr105.1560.1390.100.22%9.84%14.41%8.15

All Competitor Stocks of Power & Instrumentation (Gujarat) Ltd

Quarterly Result

MetricDec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025
Sales 10.6944.3921.9524.3314.8236.9225.4754.9333.3755.0941.3067.8744.60
Expenses 8.5243.0419.4021.6213.0033.0322.3549.7129.6949.9537.2761.6339.57
Operating Profit 2.171.352.552.711.823.893.125.223.685.144.036.245.03
OPM % 20.30%3.04%11.62%11.14%12.28%10.54%12.25%9.50%11.03%9.33%9.76%9.19%11.28%
Other Income 0.040.790.150.190.370.690.530.820.780.300.250.630.18
Interest 1.170.501.301.000.981.141.090.780.560.960.730.721.17
Depreciation 0.060.070.060.060.050.050.060.060.060.070.050.080.09
Profit before tax 0.981.571.341.841.163.392.505.203.844.413.506.073.95
Tax % 33.67%21.02%24.63%24.46%29.31%20.94%24.80%25.19%25.26%29.48%26.00%25.37%16.71%
Net Profit 0.651.231.001.390.822.671.873.892.883.112.584.523.28
EPS in Rs 0.510.970.791.100.652.111.482.421.791.781.482.541.82

Last Updated: March 3, 2026, 3:45 pm

Quarterly Chart

Profit & Loss - Annual Report

Last Updated: February 25, 2026, 10:16 am

MetricMar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025TTM
Sales 6072888985919397169209
Expenses 5566808178848687152188
Operating Profit 5678778111720
OPM % 9%8%8%10%9%7%8%11%10%10%
Other Income 1100101121
Interest 3334333434
Depreciation 0000000000
Profit before tax 234454581618
Tax % 33%33%26%28%26%31%27%24%26%
Net Profit 223333461213
EPS in Rs 15.913.824.364.264.913.362.864.666.727.62
Dividend Payout % 0%13%0%0%0%0%7%4%3%

Profit & Loss Yearly Chart

YoY Net Profit Growth

Year2017-20182018-20192019-20202020-20212021-20222022-20232023-20242024-2025
YoY Net Profit Growth (%)0.00%50.00%0.00%0.00%0.00%33.33%50.00%100.00%
Change in YoY Net Profit Growth (%)0.00%50.00%-50.00%0.00%0.00%33.33%16.67%50.00%

Power & Instrumentation (Gujarat) Ltd has shown an inconsistent trend in YoY Net Profit Growth (%) in the last 8 years from 2017-2018 to 2024-2025.

Growth

Compounded Sales Growth
10 Years:%
5 Years:14%
3 Years:23%
TTM:82%
Compounded Profit Growth
10 Years:%
5 Years:26%
3 Years:60%
TTM:85%
Stock Price CAGR
10 Years:%
5 Years:74%
3 Years:56%
1 Year:-16%
Return on Equity
10 Years:%
5 Years:12%
3 Years:13%
Last Year:15%

Last Updated: September 5, 2025, 12:25 pm

Balance Sheet

Last Updated: December 4, 2025, 1:48 am

MonthMar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Sep 2025
Equity Capital 0.985777913131718
Reserves 11917192328333993100
Borrowings 18171511222932151822
Other Liabilities 21183420123230424547
Total Liabilities 515073576497107107173187
Fixed Assets 1111111111
CWIP 0000001111
Investments 00000000013
Other Assets 494872566395105106172172
Total Assets 515073576497107107173187

Reserves and Borrowings Chart

Cash Flow

MonthMar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025
Cash from Operating Activity + -1-203-1-318-40
Cash from Investing Activity + -10-0001-4-0-12
Cash from Financing Activity + 313-4124-852
Net Cash Flow 1-13-11-000-0
Free Cash Flow -2-2-13-1-318-40
CFO/OP -6%-15%14%47%7%-38%12%86%-228%

Free Cash Flow

MonthMar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025
Free Cash Flow-13.00-11.00-8.00-3.00-15.00-22.00-24.00-4.00-1.00

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 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025
Debtor Days 10311313398158221151115131
Inventory Days 13990101401580161190124
Days Payable 11894139844613210715379
Cash Conversion Cycle 1241089554127168204152176
Working Capital Days 4254575776103114129176
ROCE %20%21%24%18%12%12%17%20%

Financial Efficiency Indicators Chart

Share Holding Pattern

MonthJun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026
Promoters 52.09%52.09%52.09%52.09%52.09%40.95%40.95%45.72%45.72%46.09%46.29%50.89%
DIIs 0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.08%0.00%0.00%0.76%
Public 47.90%47.91%47.91%47.90%47.91%59.06%59.05%54.29%54.22%53.91%53.71%48.35%
No. of Shareholders 1,8402,1672,5674,1744,5614,2326,4427,4988,2199,33310,26810,449

Shareholding Pattern Chart

No. of Shareholders

Power & Instrumentation (Gujarat) Ltd: Intrinsic Value & Share Price Analysis - Shareholder trend analysis

This stock is not held by any mutual fund.

ROCE Trend

EPS Trend

Key Financial Ratios

MonthMar 25Mar 24Mar 23Mar 22
FaceValue 10.0010.0010.0010.00
Basic EPS (Rs.) 6.615.003.313.30
Diluted EPS (Rs.) 7.815.003.313.30
Cash EPS (Rs.) 6.874.843.093.82
Book Value[Excl.RevalReserv]/Share (Rs.) 63.2640.5535.9042.48
Book Value[Incl.RevalReserv]/Share (Rs.) 63.2640.5535.9042.48
Revenue From Operations / Share (Rs.) 96.6077.1974.63106.39
PBDIT / Share (Rs.) 11.219.796.788.51
PBIT / Share (Rs.) 11.069.616.558.04
PBT / Share (Rs.) 9.136.123.904.85
Net Profit / Share (Rs.) 6.734.662.863.36
NP After MI And SOA / Share (Rs.) 6.734.672.883.38
PBDIT Margin (%) 11.6012.679.087.99
PBIT Margin (%) 11.4512.458.777.55
PBT Margin (%) 9.457.925.214.55
Net Profit Margin (%) 6.966.043.823.15
NP After MI And SOA Margin (%) 6.966.053.863.17
Return on Networth / Equity (%) 10.6311.518.027.95
Return on Capital Employeed (%) 16.7621.6016.4616.50
Return On Assets (%) 6.775.483.413.00
Long Term Debt / Equity (X) 0.030.080.090.12
Total Debt / Equity (X) 0.160.270.690.77
Asset Turnover Ratio (%) 1.200.910.920.00
Current Ratio (X) 2.411.681.521.47
Quick Ratio (X) 1.580.880.901.16
Inventory Turnover Ratio (X) 3.810.000.000.00
Dividend Payout Ratio (NP) (%) 2.120.000.000.00
Dividend Payout Ratio (CP) (%) 2.080.000.000.00
Earning Retention Ratio (%) 97.880.000.000.00
Cash Earning Retention Ratio (%) 97.920.000.000.00
Interest Coverage Ratio (X) 5.802.802.562.66
Interest Coverage Ratio (Post Tax) (X) 4.482.342.082.05
Enterprise Value (Cr.) 310.2799.62106.8863.83
EV / Net Operating Revenue (X) 1.841.021.130.69
EV / EBITDA (X) 15.848.0612.498.74
MarketCap / Net Operating Revenue (X) 1.730.870.800.39
Retention Ratios (%) 97.870.000.000.00
Price / BV (X) 2.651.671.670.97
Price / Net Operating Revenue (X) 1.730.870.800.39
EarningsYield 0.040.060.040.08

Profitability Ratios (%)

Liquidity Ratios

Liquidity Ratios (%)

Interest Coverage Ratios (%)

Valuation Ratios

About the Company - Qualitative Analysis

Power and Instrumentation (Gujarat) Ltd. is a Public Limited Listed company incorporated on 12/09/1983 and has its registered office in the State of Gujarat, India. Company's Corporate Identification Number(CIN) is L32201GJ1983PLC006456 and registration number is 006456. Currently company belongs to the Industry of Infrastructure - General. Company's Total Operating Revenue is Rs. 168.85 Cr. and Equity Capital is Rs. 17.48 Cr. for the Year ended 31/03/2025.
INDUSTRYADDRESSCONTACT
Infrastructure - GeneralB-1104 Sankalp Iconic Tower, Ahmedabad Gujarat 380058Contact not found
Management
NamePosition Held
Mr. Sumeet Dileep AgnihotriChairman & Non-Exe.Director
Mr. Padmaraj Padmnabhan PillaiManaging Director
Mrs. Padmavati Padmanabhan PillaiExecutive Director
Mrs. Kavita PillaiExecutive Director
Mr. Manav RastogiIndependent Director

FAQ

What is the intrinsic value of Power & Instrumentation (Gujarat) Ltd and is it undervalued?

As of 18 April 2026, Power & Instrumentation (Gujarat) Ltd's intrinsic value is ₹93.15, which is 9.56% lower than the current market price of ₹103.00, suggesting the stock is overvalued. This is calculated using the PE ratio method factoring in ROE (14.5 %), book value (₹65.5), dividend yield (0.19 %), and 5-year EPS CAGR.

What is the current share price and 52-week range of Power & Instrumentation (Gujarat) Ltd?

Power & Instrumentation (Gujarat) Ltd is trading at ₹103.00 as of 18 April 2026, with a FY2026-2027 high of ₹196 and low of ₹90.6. The stock is currently near its 52-week low. Market cap stands at ₹219 Cr..

How does Power & Instrumentation (Gujarat) Ltd's P/E ratio compare to its industry?

Power & Instrumentation (Gujarat) Ltd has a P/E ratio of 16.2, which is below the industry average of 60.13. Trading at a steep discount to peers could signal a value opportunity or reflect concerns about the company's fundamentals.

Is Power & Instrumentation (Gujarat) Ltd financially healthy?

Key indicators for Power & Instrumentation (Gujarat) Ltd: ROCE of 19.8 % indicates efficient capital utilization. Dividend yield is 0.19 %.

Is Power & Instrumentation (Gujarat) Ltd profitable and how is the profit trend?

Power & Instrumentation (Gujarat) Ltd reported a net profit of ₹12 Cr in Mar 2025 on revenue of ₹169 Cr. Compared to ₹3 Cr in Mar 2022, the net profit shows an improving trend.

Does Power & Instrumentation (Gujarat) Ltd pay dividends?

Power & Instrumentation (Gujarat) Ltd has a dividend yield of 0.19 % at the current price of ₹103.00. The company pays dividends, though the yield is modest.

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 Power & Instrumentation (Gujarat) 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
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