GE Vernova T&D India Ltd
GE T&D is the listed entity of GE’s Grid Solutions business in India. It has been in the power transmission and distribution business for more than 100 years and provides a versatile range of solutions for connecting and evacuating power from generation sources onto the grid. [1]
- Market Cap ₹ 47,985 Cr.
- Current Price ₹ 1,874
- High / Low ₹ 1,984 / 399
- Stock P/E 122
- Book Value ₹ 53.8
- Dividend Yield 0.11 %
- ROCE 23.1 %
- ROE 15.7 %
- Face Value ₹ 2.00
Pros
- Company has reduced debt.
- Company is almost debt free.
- Company is expected to give good quarter
- Company's working capital requirements have reduced from 38.4 days to 30.1 days
Cons
- Stock is trading at 34.9 times its book value
- Promoter holding has decreased over last quarter: -15.6%
- The company has delivered a poor sales growth of -5.57% over past five years.
- Company has a low return on equity of 0.98% over last 3 years.
- Company has high debtors of 166 days.
* The pros and cons are machine generated. Pros / cons are based on a checklist to highlight important points. Please exercise caution and do your own analysis.
Peer comparison
Sector: Capital Goods - Electrical Equipment Industry: Electric Equipment
Part of Nifty 500 Nifty Total Market Nifty Smallcap 250 Nifty 500 Multicap 50:25:25 Nifty500 Multicap Infrastructure 50:30:20
Quarterly Results
Standalone Figures in Rs. Crores / View Consolidated
Profit & Loss
Standalone Figures in Rs. Crores / View Consolidated
Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | TTM | |
---|---|---|---|---|---|---|---|---|---|---|---|---|---|
3,152 | 3,524 | 3,711 | 3,303 | 4,052 | 4,332 | 4,219 | 3,159 | 3,452 | 3,066 | 2,773 | 3,168 | 3,819 | |
2,890 | 3,211 | 3,379 | 3,197 | 3,996 | 4,057 | 3,765 | 3,354 | 3,282 | 3,155 | 2,652 | 2,836 | 3,224 | |
Operating Profit | 262 | 313 | 332 | 107 | 57 | 275 | 454 | -195 | 171 | -89 | 121 | 332 | 594 |
OPM % | 8% | 9% | 9% | 3% | 1% | 6% | 11% | -6% | 5% | -3% | 4% | 10% | 16% |
34 | 44 | 11 | 142 | 141 | 239 | 49 | 5 | 69 | 136 | 22 | 22 | 17 | |
Interest | 92 | 92 | 91 | 107 | 182 | 106 | 85 | 87 | 84 | 59 | 61 | 41 | 15 |
Depreciation | 81 | 87 | 82 | 86 | 88 | 90 | 83 | 78 | 66 | 58 | 55 | 50 | 49 |
Profit before tax | 123 | 177 | 170 | 56 | -73 | 319 | 335 | -356 | 89 | -69 | 27 | 263 | 548 |
Tax % | 31% | 34% | 29% | 38% | 18% | 35% | 36% | -15% | 32% | -29% | 106% | 31% | |
84 | 117 | 121 | 34 | -87 | 209 | 213 | -303 | 60 | -50 | -1 | 181 | 395 | |
EPS in Rs | 3.52 | 4.57 | 4.71 | 1.35 | -3.38 | 8.15 | 8.31 | -11.82 | 2.36 | -1.94 | -0.06 | 7.07 | 15.42 |
Dividend Payout % | 51% | 39% | 38% | 134% | -53% | 22% | 22% | -0% | -0% | -0% | -0% | 28% |
Compounded Sales Growth | |
---|---|
10 Years: | -1% |
5 Years: | -6% |
3 Years: | -3% |
TTM: | 32% |
Compounded Profit Growth | |
---|---|
10 Years: | 4% |
5 Years: | -4% |
3 Years: | 46% |
TTM: | 788% |
Stock Price CAGR | |
---|---|
10 Years: | 15% |
5 Years: | 61% |
3 Years: | 152% |
1 Year: | 352% |
Return on Equity | |
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10 Years: | 3% |
5 Years: | -3% |
3 Years: | 1% |
Last Year: | 16% |
Balance Sheet
Standalone Figures in Rs. Crores / View Consolidated
Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Sep 2024 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Equity Capital | 48 | 51 | 51 | 51 | 51 | 51 | 51 | 51 | 51 | 51 | 51 | 51 | 51 |
Reserves | 862 | 1,198 | 1,261 | 1,127 | 982 | 1,138 | 1,377 | 1,000 | 1,071 | 1,029 | 1,022 | 1,192 | 1,325 |
418 | 493 | 280 | 504 | 518 | 100 | 81 | 599 | 316 | 226 | 273 | 42 | 38 | |
2,818 | 2,957 | 2,900 | 3,090 | 3,563 | 3,479 | 2,688 | 2,503 | 2,630 | 2,461 | 2,333 | 2,300 | 2,625 | |
Total Liabilities | 4,145 | 4,700 | 4,492 | 4,772 | 5,114 | 4,769 | 4,196 | 4,154 | 4,069 | 3,767 | 3,679 | 3,584 | 4,039 |
620 | 639 | 687 | 684 | 656 | 586 | 513 | 538 | 494 | 457 | 421 | 401 | 387 | |
CWIP | 54 | 110 | 70 | 33 | 25 | 18 | 5 | 12 | 22 | 9 | 9 | 11 | 15 |
Investments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | -0 | -0 | -0 |
3,472 | 3,950 | 3,735 | 4,055 | 4,433 | 4,165 | 3,679 | 3,604 | 3,554 | 3,302 | 3,250 | 3,173 | 3,638 | |
Total Assets | 4,145 | 4,700 | 4,492 | 4,772 | 5,114 | 4,769 | 4,196 | 4,154 | 4,069 | 3,767 | 3,679 | 3,584 | 4,039 |
Cash Flows
Standalone Figures in Rs. Crores / View Consolidated
Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|
412 | -141 | 502 | -91 | 188 | 1,054 | -355 | -260 | 311 | 8 | -37 | 518 | |
-71 | -119 | -137 | -50 | -47 | -306 | 287 | -30 | 12 | 116 | 3 | -172 | |
-296 | 219 | -320 | 120 | -131 | -585 | -114 | 290 | -324 | -102 | 9 | -259 | |
Net Cash Flow | 45 | -42 | 45 | -20 | 11 | 163 | -182 | -0 | -1 | 22 | -26 | 87 |
Ratios
Standalone Figures in Rs. Crores / View Consolidated
Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|
Debtor Days | 199 | 238 | 211 | 228 | 205 | 152 | 175 | 219 | 201 | 186 | 204 | 166 |
Inventory Days | 121 | 247 | 292 | 511 | 542 | 234 | 136 | 177 | 143 | 96 | 119 | 103 |
Days Payable | 316 | 673 | 766 | 823 | 805 | 389 | 247 | 272 | 275 | 171 | 197 | 156 |
Cash Conversion Cycle | 3 | -188 | -262 | -84 | -58 | -4 | 63 | 125 | 69 | 111 | 127 | 114 |
Working Capital Days | 69 | 93 | 71 | 77 | 45 | -9 | 55 | 78 | 48 | 34 | 51 | 30 |
ROCE % | 14% | 18% | 16% | 10% | 7% | 30% | 31% | -14% | 11% | -9% | 8% | 23% |
Documents
Announcements
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Intimation Of Change In Website Of The Company
18h - Change of website for GE Vernova T&D India Limited.
- Announcement under Regulation 30 (LODR)-Earnings Call Transcript 13 Nov
- Announcement under Regulation 30 (LODR)-Newspaper Publication 10 Nov
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Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Intimation
8 Nov - Group meeting with investors scheduled for November 13, 2024.
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Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Outcome
8 Nov - Audio recording of earnings conference call available.
Annual reports
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Financial Year 2024
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Financial Year 2014
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Financial Year 2013
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Financial Year 2012
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Financial Year 2010
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Financial Year 2009
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Concalls
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Nov 2024Transcript PPT
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Parentage
The company is a part of the GE Vernova group, a global energy company that includes the Power, Wind, and Electrification segments. GE Vernova is headquartered in Cambridge, Massachusetts, U.S., with over 75,000 employees across more than 100 countries. [1]