CG Power & Industrial Solutions Ltd
CGPOWERCG Power & Industrial Solutions Ltd's three tracks disagree. Price, valuation and the earnings engine each tell a different story — the next quarter or two settles it.
The sharpest disagreement: Promoters moved −1.7 points over 8 quarters while the operating story went the other way — someone close to the numbers is not convinced.
The price is in a confirmed uptrend (15 weeks in) while the P/E sits at the 75th percentile of its own 5-year range. Underneath, the last four quarters read improving — profit +15.4% year on year, and 74% of the last 3 years' profit arrived as cash. What settles it: whether the register turns back in the story’s favour.
Price story Before the numbers, the tape. A stock price moves through four repeating seasons: a flat base (stage 1), an advance (2), a top (3), a decline (4). Where the price sits in that cycle frames everything below.
CG Power & Industrial Solutions Ltd trades at ₹905, in a confirmed uptrend and 15 weeks into that stage. That is +15.8% against its own 200-day average. It sits at 83% of a 52-week range of ₹549 to ₹977. On relative strength it is currently behind the NIFTY 500 on a trailing-13-week view (1 week and counting).
Today the stock is in a confirmed uptrend — week 15 of stage 2, confirmed. At ₹905 it trades +15.8% versus its 200-day average and sits at 83% of its 52-week range (₹549–₹977).
Against the market, two honest reads. Cumulative: over the last 10.4 years the stock moved +2,013% while the NIFTY 500 moved +272% — ahead of the index over the full window. Recent form: on a trailing-13-week view the stock is currently behind (1 week and counting; last ahead the week of 2026-07-10) — the ribbon below is that same metric, week by week.
What would end the trend, mechanically: two Friday closes in a row below the 200-day line. That is the exit rule — no debates.
→ The trend is one thing; the bill is another. Are you paying up for it? Next: the P/E sits at the 75th percentile of its own range.
Valuation P/E is the price of ₹1 of annual profit: how many rupees the market pays for each rupee the company earns in a year.
CG Power & Industrial Solutions Ltd trades at 107.0× P/E, at the pricey end of its own range (75th percentile). Its long-run median P/E is 80.5×, measured across 5.1 years of weekly readings. This places the multiple against the stock’s own record, and says nothing about what the business is worth.
Today's P/E of 107.0× is at the pricey end of its own range (75th percentile), against a long-run median of 80.5× measured over 5.1 years of weekly readings. This is a comparison against the stock's own history — not a claim about what it is worth.
Why the multiple sits where it does: over the past year annual EPS moved +20.3% against a +35.6% price move — the price outran earnings, pushing the multiple UP its own range.
The price move, decomposed: over 5y, of the +63.7%/yr price move, ~+27.6%/yr came from earnings growth and ~+36.1 pp from the multiple (expanding). The split is the honest approximate (price return minus earnings growth); it makes the rally itself visible instead of hiding it behind the percentile.
Put together: the multiple is full against its own past, so the story rests on the earnings line underneath it, not the multiple.
→ Cheap or dear rides on the earnings. Are they actually growing? Next: the fundamental stage — where the business sits in its arc, and how growth has compounded.
Stage: Improving Every business sits somewhere on a fundamental arc, and this page names the spot before anything else. The last twelve quarters of revenue, profit and EPS growth — plus the return the business earns on its capital — are read as curves: Deteriorating (the curves are falling), Turning around (a trough has just formed and the last few quarters lift off it), Improving (the climb off the trough is sustained), Consistent (steadily positive with healthy returns), Topping out (still high but decelerating from the peak). When the curves genuinely disagree the read is Mixed; too little history is No read. CAGR (compound annual growth rate) is the smooth yearly pace that turns the starting value into the latest one — the fairest way to compare growth across different time spans. Read the columns together: if the 1-year number towers over the 10-year, recent growth is running hotter than the long-run trend. A dash means that window is not held, or the base year was a loss (where a growth rate is not meaningful).
CG Power & Industrial Solutions Ltd reads as improving on its fundamental arc. Improving — profit growth bottomed 5 quarters ago at −31.9% and has held its recovery at +24.0%, ROCE slipping at 25.9%. The read is built from 12 quarters across 4 curves, on full evidence.
Why it matters: a sustained climb off the trough is the setup this page is built to catch — the question moves to what you pay for it.
| 1yr | 3yr | 5yr | 10yr | |
|---|---|---|---|---|
| Revenue | +25.3% | +21.2% | +33.2% | +9.0% |
| Profit | +23.2% | +7.6% | −1.3% | — |
| EPS | +20.3% | +6.7% | −4.6% | — |
| Share price | +35.6% | +30.3% | +63.7% | +29.1% |
→ The stage names the trajectory. Next: the revenue line that produces it, quarter by quarter.
4-Factor Sector Score
54.3/100 — rank 4 of 12 in Capital Goods - Transformers · 100% evidence confidence
CG Power & Industrial Solutions Ltd scores 54.3 out of 100 against the 12 companies it is compared with in Capital Goods - Transformers, ranking 4. Strong business, demanding price: keep it on the quality list, but require either earnings upgrades or valuation compression.
The four contributions add to the total exactly: 19.6 + 16.5 + 1.5 + 16.7 = 54.3. This is the SAME number shown on the sector comparison — it is computed once, for the whole peer set, and read here.
What would change it: The read weakens if profit growth turns negative or margin improvement reverses while sector-relative strength deteriorates.
Revenue Revenue is the top line: everything the company billed its customers in the period.
CG Power & Industrial Solutions Ltd reported ₹3,281 Cr of revenue in the Jun 26 quarter, +14.0% year on year. That is the 12th straight quarter of year-on-year growth. Over 10 years it has compounded at 9.0% a year. The last full year, FY26, came in at ₹12,418 Cr. The last four reported quarters add to ₹12,821 Cr.
CG Power & Industrial Solutions Ltd reported ₹3,281 Cr of revenue in the Jun 26 quarter, +14.0% year on year. That is the 12th straight quarter of year-on-year growth. Over 10 years it has compounded at 9.0% a year. The last full year, FY26, came in at ₹12,418 Cr. The last four reported quarters add to ₹12,821 Cr.
FY26 revenue came in at ₹12,418 Cr (+25.3% on the year), capping 10 years at 9.0% compound. The latest quarter (Jun 26) printed ₹3,281 Cr, +14.0% year on year — the 12th consecutive quarter of year-over-year growth.
Pace check: the last four quarters averaged +21.6% growth against the decade's 9.0% — the current year is running faster than its own long-run rate.
Acceleration check: trailing-twelve-month revenue grew +21.4% over the last 4 quarters against +23.5%/yr over the last 8 — stabilising; TTM profit +24.0% vs −8.0%/yr — accelerating.
→ Revenue grew — did margins hold as it scaled? Next: 12.0% this quarter (−1.0 pp YoY).
Operating margin Operating margin is what is left of every ₹100 of sales after running the business, before interest and tax. It is the cleanest read on pricing power and cost control.
CG Power & Industrial Solutions Ltd's operating margin is 12.0% in the Jun 26 quarter, −1.0 percentage points against the same quarter a year ago. Across 13 fiscal years the operating margin has ranged −2.0% to 14.0%. The current quarter sits inside that band.
CG Power & Industrial Solutions Ltd's operating margin is 12.0% in the Jun 26 quarter, −1.0 percentage points against the same quarter a year ago. Across 13 fiscal years the operating margin has ranged −2.0% to 14.0%. The current quarter sits inside that band.
The latest quarter's operating margin is 12.0%, −1.0 pp against the same quarter a year ago. Across 13 fiscal years the operating margin has ranged −2.0%–14.0%.
🚨 Why the margin moved: operating margin went −1.1 pp year on year while gross margin went +0.6 pp — the loss came mostly below the gross line: operating leverage, with costs spread over a bigger revenue base.
→ Margins slipped — did that reach the bottom line? Next: profit +15.4% in the latest quarter.
Net profit Net profit is what survives every cost, interest and tax — the number EPS, dividends and book value all grow from.
CG Power & Industrial Solutions Ltd earned ₹308 Cr of net profit in the Jun 26 quarter, +15.4% year on year. It is the 6th consecutive quarter of growth. Full-year FY26 profit was ₹1,199 Cr. That is 9.4% of the quarter's revenue. The same quarter a year earlier earned ₹267 Cr.
CG Power & Industrial Solutions Ltd earned ₹308 Cr of net profit in the Jun 26 quarter, +15.4% year on year. It is the 6th consecutive quarter of growth. Full-year FY26 profit was ₹1,199 Cr. That is 9.4% of the quarter's revenue. The same quarter a year earlier earned ₹267 Cr.
Jun 26 profit was ₹308 Cr, +15.4% year on year — the 6th consecutive quarter of growth. On the full year, FY26 printed ₹1,199 Cr (+23.2%).
Why profit moved: revenue contributed +14.0% and the margin −1.0 pp — the quarter was revenue-led, with the margin roughly flat.
Pace comparison, last four quarters: profit +24.1% vs revenue +21.6%. Profit and revenue are moving roughly in step.
→ Profit rose — but did the cash follow? Next: 74% of the last 3 years' profit arrived as cash.
Cash flow — the router The P&L says what was earned; the cash-flow statement says what actually arrived. Operating cash flow (CFO) against profit is the cleanest lie detector in the accounts.
Over the last 3 fiscal years 74% of CG Power & Industrial Solutions Ltd's reported profit arrived as operating cash — most of the profit is real cash. In FY26 that was ₹702 Cr of operating cash against ₹1,199 Cr of profit. After ₹1,064 Cr of capital spending, ₹−362 Cr was left as free cash.
FY26: operating cash of ₹702 Cr against reported profit of ₹1,199 Cr, leaving free cash of ₹−362 Cr after ₹1,064 Cr of capital spending. Across the last 3 fiscal years the conversion rate is 74% of profit.
Cash-flow readings here are annual — that is the resolution our series carries, so this section moves once a year.
Why conversion sits at 74%: the cash cycle stretched 88 days between FY21 and FY26 — more of each rupee of profit waits inside the cycle before arriving.
Router verdict: conversion is below par and the cash cycle has stretched 88 days — the next section's job is to find where the cash is stuck.
→ So follow the cash to where it goes. Next: the 48-day cycle, in money terms.
Where the cash goes Working capital is the cash tied up between paying suppliers and getting paid: debtor days (customers owe), inventory days (stock waits), and the cash conversion cycle (the whole loop, in days of sales).
CG Power & Industrial Solutions Ltd's cash conversion cycle runs 48 days in FY26, up from −40 days in FY21. Capital spending ran ₹2,127 Cr over the last 3 years. At FY26 sales of ₹12,418 Cr each day of that cycle holds about ₹34.0 Cr, so roughly ₹1,633 Cr sits inside the business at any moment.
FY26: debtors at 86 days, inventory at 67 days — roughly 2.2 months of stock waiting to sell; that is where the cash sits while it waits — for a full cycle of 48 days, looser than FY21's −40.
The full loop: cash goes out to suppliers and production on day 0; stock waits 67 days to sell; customers pay about 86 days after that; and suppliers themselves are paid at 105 days — netting out to the 48-day cycle.
In money terms: at FY26 sales of ₹12,418 Cr, each day of the cycle holds about ₹34.0 Cr — so the 48-day loop keeps roughly ₹1,633 Cr sitting inside the business at any moment.
On the investment side: capital spending of ₹2,127 Cr over the last 3 fiscal years against ₹403 Cr of depreciation — the company is building well ahead of wear-and-tear. Capital work-in-progress stands at ₹725 Cr (FY26) — capacity paid for but not yet earning.
The synthesis: the working-capital loop is the cash sink the router flagged — watch the cycle, not the P&L.
→ Does all this activity actually earn its cost of capital? Next: ROCE is 27% and the ROIC − WACC spread is +7.8 pp.
Return on capital Return on capital employed (ROCE) is the profit the whole business earns on all the money in it — equity and debt together. It is the single best test of whether growth creates value or just size.
CG Power & Industrial Solutions Ltd earns a ROCE of 27% in FY26. That is up from a trough of −4% in FY17. Return on invested capital clears the cost of that capital by +7.8 percentage points, so growth here adds value rather than only size. The wiring behind it is 9.7% net margin on 0.98× asset turns.
FY26 ROCE is 27%, recovered from a FY17 trough of −4% — the full ladder below shows the fall and the climb, undoctored.
Why the return is what it is — the wiring (FY26): 9.7% net margin × 0.98× asset turns × 1.59× balance-sheet leverage ≈ 15.1% on equity. Margin does its share; leverage is modest — this is an earned return, not a borrowed one.
The capstone test — ROIC − WACC: 19.8% − 12.0% = a +7.8 pp spread. The 12.0% is a standing assumption for the cost of capital in India, not a per-stock estimate — read the sign and the size of the spread, not the decimals. A spread this wide means every rupee reinvested creates more than a rupee of value — the engine compounds.
→ Returns like these — is the balance sheet borrowing to make them? Next: debt-to-equity is 0.01.
Debt Debt-to-equity says how much of the business is funded by borrowings. Low is the safe corner; the trend matters as much as the level.
CG Power & Industrial Solutions Ltd carries total debt of ₹119 Cr against shareholder equity of ₹8,198 Cr as of Mar 26, a debt-to-equity of 0.01 — effectively unlevered. On the annual view that ratio went from 0.37 in FY22 to 0.01 in FY26. The returns elsewhere on this page are therefore earned rather than borrowed.
Mar 26: total debt of ₹119 Cr against shareholder equity of ₹8,198 Cr — a debt-to-equity of 0.01. On the annual view, debt-to-equity went from 0.37 (FY22) to 0.01 (FY26). The returns on this page are earned, not borrowed.
→ Who owns this, and are they adding or leaving? Next: Domestic institutions added 7.2 points over 8 quarters.
Ownership Who owns the stock, quarter by quarter: promoters (the controlling owners), foreign and domestic institutions, and the public. Steady accumulation by people close to the numbers is a signal; a quiet register is also an answer.
Domestic institutions added 7.2 points of CG Power & Industrial Solutions Ltd over 8 quarters, the biggest move on the register. That takes domestic institutions to 18.2% of the company. Foreign institutions moved −2.7 points over the same window, to 12.0%. The register is read on the four disclosed classes only; nothing is inferred between filings.
The register over the last two years — Domestic institutions: +7.2 points over 8 quarters to 18.2%; Foreign institutions: −2.7 points over 8 quarters to 12.0%; Promoters: −1.7 points over 8 quarters to 56.4%.
Why the register moved: rotation — foreign institutions −2.7 points against domestic institutions +7.2 points over 8 quarters, with promoters −1.7 points — one class of institutions handing the register to the other, not a verdict change by the people closest to the numbers.
→ One last check: does the safety math agree? Next: the balance-sheet safety line.
Safety line The Z-score estimates how far a company sits from balance-sheet distress — above roughly 3 is safe, below roughly 1.8 is the danger zone. It was built for manufacturers, so it is not applied to banks and lenders.
CG Power & Industrial Solutions Ltd: the Z-score is not available for this stock, so we say so rather than invent one. It is a distance-to-distress estimate from the balance sheet, not a forecast of failure. The debt, cash-flow and return sections above carry the balance-sheet evidence this page does hold, and each of them states its own reporting date.
The safety line in one sentence: the Z-score is not available for this stock, so we say so rather than invent one.
| Company | P/E | Mkt cap | Revenue | EPS | ROCE | Stage |
|---|---|---|---|---|---|---|
| CG Power & Industrial Solutions Ltd this page | 107.0× | ₹1.4L Cr | Turning around | |||
| Schneider Electric Infrastructure Ltd | 145.0× | ₹32,341 Cr | Mixed | |||
| Voltamp Transformers Ltd | 31.7× | ₹9,288 Cr | Topping out | |||
| Transformers & Rectifiers India Ltd | 34.2× | ₹8,855 Cr | Topping out | |||
| Shilchar Technologies Ltd | 30.9× | ₹4,882 Cr | Topping out | |||
| Indo Tech Transformers Ltd | 39.1× | ₹3,630 Cr | Mixed | |||
| Bharat Bijlee Ltd | 23.7× | ₹2,848 Cr | Mixed | |||
| Ujaas Energy Ltd | 780.0× | ₹2,380 Cr | No read | |||
| Marsons Ltd | 40.8× | ₹1,892 Cr | Mixed | |||
| Danish Power Ltd | 23.5× | ₹1,622 Cr | — | — | — | — |
| Ujaas Energy Ltd | 588.0× | ₹1,601 Cr | No read | |||
| Vilas Transcore Ltd | 22.1× | ₹875 Cr | No read | |||
| Supreme Power Equipment Ltd | 23.5× | ₹481 Cr | Mixed |
Frequently asked questions
What is CG Power & Industrial Solutions Ltd's share price today?
CG Power & Industrial Solutions Ltd trades at ₹905, +35.6% over the past year. The company is valued at ₹1,36,664 Cr. The stock sits at 83% of its 52-week range of ₹549–₹977, +15.8% versus its 200-day average. On the tape, the price is in a confirmed uptrend, 15 weeks in. — as of 24 July 2026.
What were CG Power & Industrial Solutions Ltd's latest quarterly results?
CG Power & Industrial Solutions Ltd reported revenue of ₹3,281 Cr and net profit of ₹308 Cr for the Jun 26 quarter. Revenue rose 14.0% and profit rose 15.4% year on year. Earnings per share were ₹1.99. The operating margin was 12.0%, 1.0 pp lower than a year earlier. — as of 24 July 2026.
What is CG Power & Industrial Solutions Ltd's revenue?
CG Power & Industrial Solutions Ltd reported revenue of ₹3,281 Cr in the Jun 26 quarter, +14.0% year on year. For the full FY26 fiscal year, revenue was ₹12,418 Cr (+25.3%). Over the last 10 years revenue compounded at 9.0% a year. — as of 24 July 2026.
What is CG Power & Industrial Solutions Ltd's profit?
CG Power & Industrial Solutions Ltd earned ₹308 Cr of net profit in the Jun 26 quarter, +15.4% year on year — the 6th straight quarter of growth. Full-year FY26 profit was ₹1,199 Cr. The operating margin ran 12.0% in the latest quarter. — as of 24 July 2026.
What is CG Power & Industrial Solutions Ltd's market cap?
CG Power & Industrial Solutions Ltd's market capitalisation is ₹1,36,664 Cr at a share price of ₹905. Market cap is the share price multiplied by shares outstanding, so it is restated whenever the price moves. — as of 24 July 2026.
What is CG Power & Industrial Solutions Ltd's P/E ratio?
CG Power & Industrial Solutions Ltd trades at a P/E of 107.0×, at the 75th percentile of its own 5-year range, against a long-run median of 80.5×. This is a comparison with the stock's own history, not a value call — as of 24 July 2026.
Does CG Power & Industrial Solutions Ltd pay a dividend?
Yes — CG Power & Industrial Solutions Ltd's dividend payout was 17% of profit in FY26, and it recorded a payout in 6 of its last 13 reported fiscal years. This page holds the payout ratio, not a per-share amount. — as of 24 July 2026.
Is CG Power & Industrial Solutions Ltd overvalued?
On its own history, CG Power & Industrial Solutions Ltd looks expensive against its own history: its P/E of 107.0× sits at the 75th percentile of its 5-year range (long-run median 80.5×). That is a percentile read against the stock's own past, not a price opinion or a direction call. — as of 24 July 2026.
Is CG Power & Industrial Solutions Ltd growing?
Yes — CG Power & Industrial Solutions Ltd is growing: latest-quarter revenue +14.0% year on year, profit +15.4%, and the margin −1.0 pp at 12.0%. The earnings engine currently reads: improving — as of 24 July 2026.
How is CG Power & Industrial Solutions Ltd performing?
CG Power & Industrial Solutions Ltd is in a confirmed uptrend, 15 weeks in. Its latest quarter's revenue rose 14.0% and profit rose 15.4% year on year. Against the NIFTY 500 it has been behind on a trailing-13-week view for 1 week. — as of 24 July 2026.
What stage is CG Power & Industrial Solutions Ltd in?
Improving — profit growth bottomed 5 quarters ago at −31.9% and has held its recovery at +24.0%, ROCE slipping at 25.9%. The read comes from the last 12 quarters of growth (revenue growth +21.4% latest, profit growth +24.0% latest, eps growth +21.0% latest) plus the ROCE curve, classified by deterministic rules — a trajectory read, not a buy or sell call — as of 24 July 2026.
Is CG Power & Industrial Solutions Ltd in an uptrend?
Yes — the price is in a confirmed uptrend (week 15 of stage 2), trading +15.8% versus its 200-day average and at 83% of its 52-week range. Price stages cycle base → advance → top → decline, and the stage names where this stock sits in that cycle — as of 24 July 2026.
Is CG Power & Industrial Solutions Ltd beating the market?
Not lately — on a trailing-13-week view CG Power & Industrial Solutions Ltd is currently behind the NIFTY 500 (1 week and counting; last ahead the week of 2026-07-10), the same metric the week-by-week ribbon on this page draws. Separately, on the cumulative view: over the last 10.4 years the stock moved +2,013% against the NIFTY 500's +272% — ahead of the index over the full window. — as of 24 July 2026.
Will CG Power & Industrial Solutions Ltd's share price go up?
This page publishes no price forecast for CG Power & Industrial Solutions Ltd. What it measures instead: the share price is ₹905, the price is in a confirmed uptrend 15 weeks in. Its P/E of 107.0× sits at the 75th percentile of its own 5-year range. — as of 24 July 2026.
Who owns CG Power & Industrial Solutions Ltd?
Promoters hold 56.4% of CG Power & Industrial Solutions Ltd, foreign institutions 12.0%, domestic institutions 18.2% and the public 13.4% (latest quarter). The biggest move on the register over the last two years: Domestic institutions added 7.2 points over 8 quarters. — as of 24 July 2026.
Does CG Power & Industrial Solutions Ltd have too much debt?
No — CG Power & Industrial Solutions Ltd's debt-to-equity is 0.01, and operating profit covers the interest bill 66×. FY26 borrowings were ₹118 Cr against equity of ₹7,970 Cr. The returns on this page are earned, not borrowed — as of 24 July 2026.
What is CG Power & Industrial Solutions Ltd's capex?
CG Power & Industrial Solutions Ltd spent ₹2,127 Cr on capital expenditure over the last 3 fiscal years, a figure derived from the change in fixed assets plus depreciation. In FY26 alone that was ₹1,064 Cr, with ₹725 Cr in capital work-in-progress — capacity paid for but not yet earning. — as of 24 July 2026.
What is CG Power & Industrial Solutions Ltd's cash flow?
CG Power & Industrial Solutions Ltd generated ₹702 Cr of operating cash flow in FY26 and ₹−362 Cr of free cash flow after ₹1,064 Cr of capital spending. Reported profit that year was ₹1,199 Cr, so operating cash ran behind profit. Cash-flow resolution for India is annual. — as of 24 July 2026.
Is CG Power & Industrial Solutions Ltd's profit real cash?
Mostly — over the last 3 fiscal years, 74% of CG Power & Industrial Solutions Ltd's reported profit arrived as operating cash. In FY26, operating cash was ₹702 Cr against reported profit of ₹1,199 Cr. The cash then goes mostly into the working-capital cycle. Cash-flow resolution is annual — as of 24 July 2026.
Where is CG Power & Industrial Solutions Ltd in its business cycle?
CG Power & Industrial Solutions Ltd's FY26 operating margin was 13.0%, against a 13-year band of −2.0%–14.0%: mid-band by its own history — neither the peak that precedes mean-reversion nor the trough that precedes recovery. The latest quarter ran 12.0%. Profitability versus a company's own long band is the cleanest cycle clock this page holds — as of 24 July 2026.
What could break the CG Power & Industrial Solutions Ltd story?
The sharpest disagreement: Promoters moved −1.7 points over 8 quarters while the operating story went the other way — someone close to the numbers is not convinced. Mechanically, two Friday closes in a row below the 200-day average would end the price trend — that is the exit rule this page tracks — as of 24 July 2026.
Is CG Power & Industrial Solutions Ltd a stock worth studying right now?
This is not investment advice. The machine read: CG Power & Industrial Solutions Ltd's three tracks disagree. Price, valuation and the earnings engine each tell a different story — the next quarter or two settles it. The sharpest open question: whether the register turns back in the story’s favour. Every number on this page is drawn deterministically from the raw series, with no forecasts and no price opinions — as of 24 July 2026.