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 ₹ 44,169 Cr.
- Current Price ₹ 1,725
- High / Low ₹ 1,984 / 370
- Stock P/E 154
- Book Value ₹ 48.5
- 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's working capital requirements have reduced from 38.4 days to 30.1 days
Cons
- Stock is trading at 35.3 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
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 | 3,409 | |
2,890 | 3,211 | 3,379 | 3,197 | 3,996 | 4,057 | 3,765 | 3,354 | 3,282 | 3,155 | 2,652 | 2,836 | 2,958 | |
Operating Profit | 262 | 313 | 332 | 107 | 57 | 275 | 454 | -195 | 171 | -89 | 121 | 332 | 450 |
OPM % | 8% | 9% | 9% | 3% | 1% | 6% | 11% | -6% | 5% | -3% | 4% | 10% | 13% |
34 | 44 | 11 | 142 | 141 | 239 | 49 | 5 | 69 | 136 | 22 | 22 | 22 | |
Interest | 92 | 92 | 91 | 107 | 182 | 106 | 85 | 87 | 84 | 59 | 61 | 41 | 19 |
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 | 404 |
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 | 287 | |
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 | 11.22 |
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: | 18% |
Compounded Profit Growth | |
---|---|
10 Years: | 4% |
5 Years: | -4% |
3 Years: | 46% |
TTM: | 1901% |
Stock Price CAGR | |
---|---|
10 Years: | 17% |
5 Years: | 60% |
3 Years: | 139% |
1 Year: | 348% |
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 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|
Equity Capital | 48 | 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 |
418 | 493 | 280 | 504 | 518 | 100 | 81 | 599 | 316 | 226 | 273 | 42 | |
2,818 | 2,957 | 2,900 | 3,090 | 3,563 | 3,479 | 2,688 | 2,503 | 2,630 | 2,461 | 2,333 | 2,300 | |
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 |
620 | 639 | 687 | 684 | 656 | 586 | 513 | 538 | 494 | 457 | 421 | 401 | |
CWIP | 54 | 110 | 70 | 33 | 25 | 18 | 5 | 12 | 22 | 9 | 9 | 11 |
Investments | 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 | |
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 |
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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Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Intimation
1d - Of schedule of earning conference call with the analysts/Institutional investors.
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Board Meeting Intimation for Intimation Of Board Meeting To Consider Un-Audited Financial Results For The Quarter Ended On September 30, 2024
30 Oct - Board meeting to approve Q2 financial results.
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Update
25 Oct - Change of company name to GE Vernova T&D India Limited.
- Compliances-Reg. 39 (3) - Details of Loss of Certificate / Duplicate Certificate 20 Oct
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Intimation Of Change Of Name Of The Company.
17 Oct - Change of company name to GE Vernova T&D India Limited.
Annual reports
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Financial Year 2024
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Financial Year 2023
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Financial Year 2022
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Financial Year 2021
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Financial Year 2020
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Financial Year 2019
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Financial Year 2018
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Financial Year 2017
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Financial Year 2015
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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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Product Portfolio
The company offers products for the power industry, including power transformers, circuit breakers, switchgear, instrument transformers, substation automation equipment, digital software solutions, and more. It covers medium to ultra-high voltage (1200 kV), additionally, it provides turnkey solutions for substation engineering and construction, as well as technologies like FACTS and HVDC. [1]