Manufactures heavy electrical equipment across three core businesses plus a small Others line. Industrial Systems accounted for 54.3% of FY26 segment revenue (Rs 6,747.04 cr) at a 9.3% EBIT margin and supplies industrial equipment including railway products. Power Systems contributed 41.4% (Rs 5,138.18 cr) at a 21.9% EBIT margin, making power transformers and EHV switchgear. A Semiconductors segment (4.0%, Rs 502.77 cr) is being built out through subsidiary CG Semi, whose OSAT facility at Sanand, Gujarat commenced commercial production in July 2026 with peak capacity of 300 million units per year; the segment is currently loss-making. EHV switchgear capacity at Nashik was recently expanded by 80% to meet rising demand. Raw materials are the dominant cost at 67.1% of revenue, and the company carried no debt (debt-to-equity of 0.0) as of FY26. It sits within the Murugappa Group, with Tube Investments of India as its holding company. AR · MarketPing reader · 2026-08-03
Revenue streams, as the annual report describes them. Industrial Systems (54%), Power Systems (41%), Semiconductors (4%), Others (0%). Asset-heavy electrical equipment manufacturer with order-book-driven revenue and a nascent OSAT build-out
| ₹ crore · consolidated | FY22 | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|---|
| Revenue | 5,561 | 6,973 | 8,046 | 9,909 | 12,418 |
| EBITDA (ex other income) | 1,163 | 1,045 | 1,150 | 1,305 | 1,590 |
| margin % | 20.9 | 15.0 | 14.3 | 13.2 | 12.8 |
| Owners' profit | 0 | 963 | 1,427 | 975 | 1,206 |
| EPS, as reported (₹) | 6.72 | 6.35 | 9.34 | 6.38 | 7.72 |
| ROE % · ROCE % | 91.0 · 80.2 | 53.8 · 39.7 | 47.3 · 36.9 | 24.1 · 31.6 | 14.6 · 19.3 |
| Debt / equity (x) | 0.35 | 0.00 | 0.00 | 0.00 | 0.00 |
| Cash from operations | 485 | 947 | 397 | 944 | 701 |
| Capex | (60) | (69) | (206) | (378) | (705) |
| ₹ crore | Q2 FY25 | Q3 FY25 | Q4 FY25 | Q1 FY26 | Q2 FY26 | Q3 FY26 | Q4 FY26 | Q1 FY27 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 2,413 | 2,516 | 2,753 | 2,878 | 5,801 | 3,175 | 3,442 | 3,281 |
| Profit before tax | 294 | 335 | 384 | 364 | 752 | 384 | 490 | 423 |
| Net profit | 220 | 238 | 274 | 267 | 551 | 284 | 363 | 308 |
| EPS (₹) | 1.45 | 1.57 | 1.78 | 1.76 | 3.58 | 1.81 | 2.32 | 1.99 |
| Segment | Revenue, ₹ crore | Share % |
|---|---|---|
| Power Systems | 6,208 | 40.6 |
| Industrial Systems | 8,439 | 55.2 |
| Semiconductors | 611 | 4.0 |
| Others | 43 | 0.3 |
| Total, before eliminations | 15,301 | 100.0 |
| Company | M.cap ₹ cr | P/E | P/B | EV/EBITDA | ROE % | ROCE % | Rev CAGR 5y % | EBITDA m. % |
|---|---|---|---|---|---|---|---|---|
| ABB INDIA LIMITED | 1,54,136 | 51.6 | 16.50 | — | 23.0 |
| Date · filing | Category | Importance | 1-day % | 5-day % |
|---|---|---|---|---|
| 8 Sept 2026 · CG Power gets stay order on revised tax demand of about Rs 216 crore | general | high | — | — |
| 4 Sept 2026 · CG Power rolls out first transformer from new Sehore plant | capex operations | high | — | — |
| 4 Sept 2026 · CG Power rolls out first transformer from new Sehore plant | capex operations | high | — | — |
| 1 Sept 2026 · Appointment of VP - Consumer Products | management changes | medium | — | — |
| 27 Aug 2026 · Newspaper ad published for Postal Ballot Notice of CG Power | compliance | minimal | — | — |
| 26 Aug 2026 · Postal Ballot: CG Power seeks approval to appoint Price Waterhouse as auditor | board shareholder meetings | medium | — | — |
| 20 Aug 2026 · Axiro (CG Power arm) completes 100% buy of Tosil Systems for Rs 16.44 Cr | strategic transactions | high | — | — |
| 19 Aug 2026 · CG Power appoints Price Waterhouse as new statutory auditor | management changes | high | — | — |
| 18 Aug 2026 · CG Power discloses suspected cyber event; core operations unaffected | regulatory legal | high | — | — |
| 17 Aug 2026 · CG Power subsidiary Axiro to acquire 100% stake in Tosil Systems for Rs 16.44 Cr | strategic transactions | high | — | — |
| Where a broker report shows | This document shows | Why |
|---|---|---|
| A rating (BUY / ADD / REDUCE / SELL) | A state: the latest filed quarter and the measured reactions |
| 10.2 |
| — |
| 15.2 |
| BHEL | 1,50,076 | 61.7 | 5.74 | 49.8 | 6.1 | 4.7 | 14.3 | 9.3 |
| CG POWER AND IND SOL LTD ◆ | 1,43,168 | 93.7 | 17.46 | 77.9 | 14.6 | 19.2 | 33.2 | 14.7 |
| SIEMENS LTD | 1,40,869 | 43.0 | 10.17 | 39.7 | 19.9 | 20.6 | 31.1 | 11.6 |
| HITACHI ENERGY INDIA LTD | 1,40,200 | 121.8 | 27.09 | — | 19.1 | 24.7 | — | 16.9 |
| GE VERNOVA T&D INDIA LTD | 1,16,454 | 89.2 | 43.29 | — | 45.8 | 57.9 | — | 27.4 |
| SIEMENS ENERGY INDIA LTD | 1,13,147 | 76.0 | 23.51 | — | 14.3 | 15.8 | — | 25.9 |
| SUZLON ENERGY LIMITED | 60,678 | 19.4 | 6.41 | 18.8 | 33.4 | 22.7 | 38.0 | 16.4 |
| Metric | Company | Group median | Rank | Better than |
|---|---|---|---|---|
| P/E (TTM) | 93.7 | 35.1 | 29 of 34 | 15% |
| P/B | 17.5 | 5.7 | 29 of 33 | 13% |
| ROCE | 19.2 | 16.6 | 16 of 36 | 57% |
| ROE | 14.6 | 14.6 | 18 of 35 | 50% |
| Debt / Equity | 0.0 | 0.1 | 2 of 35 | 65% |
| EBITDA margin | 14.7 | 16.4 | 22 of 35 | 38% |
| Revenue growth | 14.0 | 17.7 | 18 of 33 | 47% |
| Profit growth | 15.5 | 6.7 | 14 of 32 | 58% |
| Market cap | 143168 | 7198 | 3 of 35 | 94% |
| an event is a fact; a rating is an opinion that requires SEBI RA registration |
| A target price and upside | The current price and the multiples against the group | a target is a forecast; a multiple is a measurement |
| Estimate years marked E | More audited years; no estimates | MarketPing publishes no forecasts — your own model lives on the Models page |
This document is a statistical summary of publicly filed information and market data, prepared by software from primary sources: SEBI results XBRL filed with BSE and NSE, LODR disclosures, shareholding patterns, exchange price data. It contains no research recommendation, no price target and no opinion on the merits of any security, and is not a research report within the meaning of the SEBI (Research Analysts) Regulations, 2014, Regulation 2(1)(w)(vii). Financial statements are as filed (consolidated where the company files consolidated results). Ratios are computed over filed lines. Where a figure is unavailable the table shows a dash rather than an estimate. The business brief is written by MarketPing's reader from the annual report and checked against it; no figure in a table was generated by a model. Nothing here constitutes investment advice, an offer or a solicitation; readers should consult a SEBI-registered adviser before acting. MarketPing is not a SEBI-registered intermediary.
