GE Vernova T&D India Ltd

GE Vernova T&D Summary Chart Analysis Peers Quarters Profit & Loss Balance Sheet Cash Flow Ratios Investors Documents

GE Vernova T&D India Ltd

₹ 2,111 -2.06%
23 Dec - close price
ge.com/in/ge-td-india-limited BSE: 522275 NSE: GVT&D
About

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]

Key Points

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]

Website BSE NSE - BE
  • Market Cap ₹ 54,061 Cr.
  • Current Price ₹ 2,111
  • High / Low ₹ 2,243 / 446
  • Stock P/E 137
  • Book Value ₹ 53.8
  • Dividend Yield 0.09 %
  • ROCE 23.1 %
  • ROE 15.7 %
  • Face Value ₹ 2.00
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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 39.3 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

Part of Nifty 500 Nifty500 Multicap Infrastructure 50:30:20 Nifty MidSmallcap 400 Nifty Smallcap 250 Nifty 500 Multicap 50:25:25

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Quarterly Results

Standalone Figures in Rs. Crores / View Consolidated

Sep 2021 Dec 2021 Mar 2022 Jun 2022 Sep 2022 Dec 2022 Mar 2023 Jun 2023 Sep 2023 Dec 2023 Mar 2024 Jun 2024 Sep 2024
852 914 662 593 701 777 703 718 698 839 914 958 1,108
832 885 821 571 695 731 675 667 637 742 803 776 903
Operating Profit 20 29 -159 22 5 46 28 51 61 97 111 182 205
OPM % 2% 3% -24% 4% 1% 6% 4% 7% 9% 12% 12% 19% 18%
0 1 134 9 22 -8 -1 12 9 -4 6 12 4
Interest 14 14 -1 8 10 12 13 11 7 7 3 2 3
Depreciation 16 16 10 13 14 14 15 13 13 12 12 12 12
Profit before tax -10 0 -35 10 4 12 -0 39 50 73 101 180 194
Tax % -20% 124% -36% 38% 35% 62% 12,692% 27% 26% 32% 34% 25% 25%
-8 -0 -23 6 3 5 -15 28 37 49 66 135 145
EPS in Rs -0.30 -0.00 -0.88 0.25 0.11 0.19 -0.60 1.10 1.45 1.93 2.59 5.25 5.65
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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: 16%
5 Years: 70%
3 Years: 157%
1 Year: 355%
Return on Equity
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%

Shareholding Pattern

Numbers in percentages

1 Recently
Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024
75.00% 75.00% 75.00% 75.00% 75.00% 75.00% 75.00% 75.00% 75.00% 75.00% 75.00% 59.38%
0.26% 0.25% 0.25% 0.27% 0.26% 0.26% 0.37% 0.59% 0.69% 1.20% 2.04% 6.82%
15.49% 15.47% 15.72% 15.70% 15.73% 15.72% 16.52% 16.18% 16.11% 15.84% 14.96% 25.61%
9.25% 9.28% 9.03% 9.04% 9.01% 9.02% 8.11% 8.23% 8.20% 7.96% 8.00% 8.19%
No. of Shareholders 41,14341,86240,82539,06339,12338,86538,22639,71737,44344,12159,13074,413

* The classifications might have changed from Sep'2022 onwards. The new XBRL format added more details from Sep'22 onwards.

Classifications such as banks and foreign portfolio investors were not available earlier. The sudden changes in FII or DII can be because of these changes.

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