On 6 Nov 2026, GE Power India was priced at ₹599.75, or 11.8× trailing earnings, against an industry P/E of 16.4×, and the shares are 45% below their 52-week high. Its ROCE of 57% is the highest among the 7 largest Engineering & Construction peers, and sales fell 11% a year over 3 years. It has almost no debt, and its dividend yield is 1.2%. It is a small-cap company with a market cap of ₹4,032 Cr, ranked 27th of 156 Engineering & Construction companies by market cap; the shares rose 104% over the past year.
- ₹606.50
- ₹609.95
- ₹586.05
- ₹615.80
- 1.1 L
Health check
- ReturnsAhead
+104.0% over a year, better than 7 of 7 peers.
- Price tagCheaper
P/E 11.8 vs industry 16.4.
- GrowthShrinking
Sales −10.9% a year over 3 years.
- ProfitabilityStrong
ROCE 57.2% vs peer median 19.9%.
- Balance sheetSolid
Practically debt-free, Piotroski 9 of 9.
- Red flags1 to check
45% below its 52-week high.
Small cap
High beta
Key metrics
- Market cap
- ₹4,032 Cr
- Small cap
- P/E
- 11.8
- Industry 16.4
- Price to book
- 6.92
- Peers 4.92
- Dividend yield
- 1.17%
- ROE
- 56.2%
- Peers 17.9%
- ROCE
- 57.2%
- Peers 19.9%
- Debt to equity
- 0.03
- Debt ₹18 Cr
- EPS (TTM)
- ₹50.92
- Face value ₹10
- OPM (TTM)
- 23.6%
- Net margin 21.0%
- Sales growth
- +7.6%
- Latest quarter vs a year ago
- Profit growth
- +54.8%
- Latest quarter vs a year ago
- Price to sales
- 3.12
- EV/EBITDA 11.6
Strengths and risks
Strengths
- Return on equity of 56.2%.
- Return on capital employed of 57.2%.
- Practically debt-free.
- Quarterly profit up 54.8% on a year ago.
- Net margin of 21.0%.
Risks to check
- 45% below its 52-week high.
About GE Power India
GE Power India Limited engages in the engineering, procurement, manufacturing, construction, maintenance, and servicing of power plants and power equipment in India and internationally. The company offers steam power services. It also provides automation and control; boilers; mills; and air quality control systems. The company serves power generating utilities, cement, iron and steel, chemical and fertilizer, oil and gas, pulp and paper, power/civil and…
- Headquarters
- Noida
- Sector
- Industrials
- ISIN
- INE878A01011
- Website
- gevernova.com
Price range
- Avg volume (3M)
- 2.1 L
- 1-year return
- plus 104.0%
- From 52-week high
- minus 44.7%
Peers · Engineering & Construction
| Company | ||||||||||
|---|---|---|---|---|---|---|---|---|---|---|
| LTLarsen & Toubro | 4,117.70 | plus 1.67% | 5,66,549 | 31.7 | 19.6 | 14.6% | 9.6% | 1.05 | 16.1% | plus 3.2% |
| RVNLRail Vikas Nigam | 193.34 | minus 0.18% | 40,312 | 44.9 | 56.9 | 11.0% | 4.3% | 0.49 | 0.2% | minus 40.5% |
| CEMPROCemindia Projects | 1,323.30 | plus 2.79% | 24,405 | 36.4 | 24.2 | 37.1% | 10.4% | 0.35 | 25.5% | plus 49.2% |
| KPILKalpataru Projects International | 1,370.80 | minus 0.04% | 23,410 | 19.7 | 10.1 | 19.9% | 8.3% | 0.46 | 18.4% | plus 4.3% |
| NBCCNBCC (India) | 78.00 | minus 2.90% | 21,060 | 26.5 | 19.8 | 34.3% | 6.1% | 0.00 | 12.9% | minus 29.5% |
| ENGINERSINEngineers India | 292.70 | minus 1.94% | 16,451 | 18.3 | 21.5 | 28.1% | 21.2% | 0.00 | 5.7% | plus 51.1% |
| WABAGVA Tech Wabag | 1,988.20 | plus 6.57% | 12,434 | 29.4 | 20.8 | 16.3% | 10.9% | 0.09 | 9.9% | plus 33.2% |
| GVPILGE Power India | 599.75 | minus 2.61% | 4,032 | 11.8 | 13.0 | 57.2% | 23.6% | 0.03 | −10.9% | plus 104.0% |
| Median of 7 peers | – | −0.04% | 23,410 | 29.4 | 20.8 | 19.9% | 9.6% | 0.35 | 12.9% | 4.3% |
Quarterly results
| ₹ Cr | Jun 25 | Sep 25 | Dec 25 | Mar 26 | Jun 26 |
|---|---|---|---|---|---|
| 287 | 281 | 386 | 316 | 309 | |
| 287 | 253 | 261 | 210 | 264 | |
| 0 | 28 | 125 | 107 | 44.7 | |
| 0.0% | 10.0% | 32.4% | 33.7% | 14.5% | |
| 56.1 | 28.4 | 16.3 | 30.1 | 33.1 | |
| 5.6 | 5.7 | 6.3 | 4.4 | 4.5 | |
| 3.4 | 2.6 | 3.2 | 3 | 3.3 | |
| – | – | −27.6 | – | – | |
| 47.1 | 48 | 104 | 129 | 70 | |
| – | – | 3.9% | 1.7% | 4.0% | |
| 34.7 | 32.4 | 72.3 | 113 | 53.7 | |
| 5.16 | 4.81 | 10.75 | 16.84 | 7.99 |
Profit & loss
- Sales CAGR 3Y
- −10.9%
- ROE
- 56.2%
| ₹ Cr | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|
| 1,788 | 1,035 | 1,046 | 1,266 | |
| – | minus 42.1% | +1.0% | +21.1% | |
| 2,074 | 1,180 | 1,031 | 987 | |
| −286 | −145 | 15.1 | 279 | |
| −16.0% | −14.0% | 1.4% | 22.1% | |
| 56.5 | 31.1 | 31.3 | 98.5 | |
| 60.7 | 58 | 24.7 | 21.9 | |
| 22.6 | 14.9 | 13.8 | 12.3 | |
| −18.7 | 50 | 25.7 | −15.3 | |
| −331 | −137 | 33.7 | 329 | |
| −33.0% | – | – | 1.9% | |
| −441 | −171 | 203 | 253 | |
| -65.54 | -25.48 | 30.20 | 37.58 |
Forecast
Balance sheet
| ₹ Cr | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|
| 67.2 | 67.2 | 67.2 | 67.2 | |
| 165 | 1.6 | 249 | 515 | |
| 359 | 163 | 28.8 | 17.6 | |
| 2,272 | 2,349 | 1,667 | 1,538 | |
| 2,864 | 2,581 | 2,012 | 2,138 | |
| 111 | 101 | 67 | 43.4 | |
| 0.7 | 3.6 | 4.4 | 3.2 | |
| 8.7 | 33.7 | 14.9 | 15.6 | |
| 213 | 139 | 438 | 425 | |
| 2,530 | 2,303 | 1,488 | 1,652 | |
| 2,864 | 2,581 | 2,012 | 2,138 |
Cash flow
| ₹ Cr | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|
| 89.8 | 182 | 379 | 469 | |
| 6.2 | −3.4 | 56.3 | −436 | |
| −48 | −226 | −128 | −47.2 | |
| 47.9 | −47 | 308 | −13.8 | |
| −2.8 | −2.3 | −3 | −2.1 | |
| 87 | 180 | 376 | 467 |
Shareholding pattern
- Promoters68.58%
- Public31.42%
| Quarter | Split | Promoters | Public | Promoter change |
|---|---|---|---|---|
| 30 Sep 2026 | 68.58% | 31.42% | 0.00 | |
| 30 Jun 2026 | 68.58% | 31.42% | 0.00 | |
| 31 Mar 2026 | 68.58% | 31.42% | 0.00 | |
| 31 Dec 2025 | 68.58% | 31.42% | 0.00 | |
| 30 Sep 2025 | 68.58% | 31.42% | – |
Major shareholders
Filings & events
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