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NSE:GVPIL

GE POWER INDIA LIMITED

Capital Goods › Electrical Equipment
₹591.40
at close · 28 Oct 2026
▼ 6.55 (-1.10%)

Latest filings

  1. NCLT sanctions Scheme of Arrangement for GE Power India · Strategic Transactions
  2. Routine compliance filing - RTA certificate for Q2 FY27 share demat · Compliance
  3. NCLT sanctions Scheme of Arrangement between GE Power India and JSW Energy · Strategic Transactions
All filings ↓
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Snapshot

What the business is, and whether it's a good one at a fair price.

AI · written from filings

Manufactures and services heavy electrical equipment for the power sector. The business has shifted since 2024 toward high-margin, cash-accretive services, with services order bookings growing at roughly 25% CAGR from INR 299 cr in FY22 to INR 734 cr in FY26, alongside third-party / OEM manufacturing orders that doubled to INR 322 cr. The company has exited its hydro and gas businesses and is demerging its underutilised 661-acre Durgapur thermal-equipment facility to JSW Energy in exchange for shares (10 JSW shares per every 139 GEPIL shares held); a 5-year manufacturing services agreement with JSW Energy secures capacity for the services business going forward. International operations span Saudi Arabia, Turkey, UAE, Austria, Malaysia, Indonesia and Morocco. FY26 revenue stood at INR 1,269.39 cr against net profit of INR 252.61 cr; materials are the largest input cost at 61.2% of revenue. Headcount stands at 497 employees plus 2,229 workers.

Operating scale
Services order bookings
INR 734 cr (FY26), up from INR 299 cr (FY22); ~25% CAGRFY26
Third-party / OEM order book
INR 322 cr (FY26), doubled from INR 162 crFY26
Durgapur facility footprint
661 acres leasehold, underutilised, ~INR 27 cr annual lossesFY26
Workforce
497 employees and 2,229 workersFY26
International markets served
Saudi Arabia, Turkey, UAE, Austria, Malaysia, Indonesia, MoroccoFY26
Bank guarantee exposure reduction
INR 1,364 cr shed over two yearsFY24-FY26
Who pays it
Power generation utilities and other OEM manufacturers (third-party / other-OEM customers)
Biggest cost
Materials at 61.2% of revenue (FY26)
Kind of business
Services-led heavy electrical equipment maker for the power sector, refocusing after exiting hydro and gas and demerging the Durgapur facility
Where it sits
Listed Indian heavy electrical equipment supplier serving the country's power-generation supply chain and select overseas markets
Market Cap
₹3,976 Cr
P / E (TTM)
14.6×
EV / EBITDA
9.6×
Div Yield
—
Growth
-17.6%▼
Revenue 5y CAGR
PAT +29.1% · EBITDA +9.9%
Quality
-24.8%·
ROCE (5y median)
ROE -42.7% (5y median) · margin 27.3%
Leverage
0.00·
Debt / Equity · low
Net cash ₹425 Cr
Revenue FY21→FY26
0.4×▼
Margin +17.8 pts
₹3,343 Cr → ₹1,269 Cr
Moves on a normal day
2.39%·
Median daily move
Last 267 sessions · the yardstick for filing-day moves
Where it sits among 35 Heavy Electrical Equipment peersBar = share of peers beaten · tick = industry median · latest reported figures
P/E (TTM)#6/34
P/B#21/33
ROCE#3/36
ROE#3/34
Debt / Equity#1/34
EBITDA margin#10/35
Revenue growth#21/33
Profit growth#10/32

Scorecard

Measured from the filed financials, judged against its Heavy Electrical Equipment peers · as of FY26 — not investment advice

Strengths
Profit compounding 29% a year over 5 years
No borrowings on the balance sheet
lower than 67% of its 34 Heavy Electrical Equipment peers
Concerns
Revenue shrinking over 5 years (−18% a year)
Negative returns on capital — −24.8% (5-year median)
#3 of 36 in Heavy Electrical Equipment on the latest reported figures · up from 13.7% in FY21

Charts

How has the market priced it — with filings on the timeline?

GVPIL · price

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▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.

Peers

How does it stack up on valuation, returns and growth?

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Financials

Quarterly & annual P&L, balance sheet, cash flow, ratios and segments.

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Ownership

Who owns it — and is the promoter stake clean?

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Common questions

Answered from GE POWER INDIA LIMITED's filed financials and exchange disclosures

What does GE POWER INDIA LIMITED do?

GE POWER INDIA LIMITED is a Electrical Equipment company listed on NSE and BSE, trading under the symbol GVPIL.

Is GE POWER INDIA LIMITED profitable?

Yes. Over the trailing twelve months GE POWER INDIA LIMITED reported a net profit of ₹272 Cr on revenue of ₹1,291 Cr.

Does GE POWER INDIA LIMITED pay a dividend?

Not in the latest reported year — GE POWER INDIA LIMITED's dividend payout for FY26 was nil.

Is GE POWER INDIA LIMITED debt-free?

Yes. It reported no borrowings on its 31 Mar 2026 balance sheet, and ₹425 Cr of cash.

Is GE POWER INDIA LIMITED expensive compared with its peers?

On trailing P/E, GE POWER INDIA LIMITED ranks 6 of 34 in Heavy Electrical Equipment — cheaper than 85% of them, against an industry median of 36.5×. This is a position, not a valuation judgement.

How much does the GE POWER INDIA LIMITED share price move in a day?

On a typical session GE POWER INDIA LIMITED moves 2.39% — that is the median absolute close-to-close move across its last 267 trading days. MarketPing measures each filing's price reaction against it.

Where can I track GE POWER INDIA LIMITED's announcements?

Every NSE and BSE filing by GE POWER INDIA LIMITED appears on this page, AI-summarised, alongside the price reaction that followed it. Follow the company to get each new filing on WhatsApp within minutes.

Figures are as last reported and may lag the latest filing. Not investment advice.