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Power & Instrumentation (Gujarat) (PIGL) had a P/E of 11.6× on 6 Nov 2026, below the industry P/E of 16.4×, and the shares are 45% below their 52-week high. It earns ROCE of 13% and ROE of 11%, and sales and net profit grew 33% and 57% a year over 3 years. The company has almost no debt. It is a small-cap company with a market cap of ₹194 Cr, ranked 101st of 156 Engineering & Construction companies by market cap; the shares fell 36% over the past year.

As of 6 Nov 2026Prices are delayed about 15 minutes; fundamentals are from the quarter ended Jun 2026.How we calculate this

past year
Open
₹93.55
Day high
₹96.00
Day low
₹91.10
Prev. close
₹93.55
Volume
31K

Health check

3 good · 3 to check
  • ReturnsBehind

    −36.3% over a year, better than 1 of 7 peers.

  • Price tagCheaper

    P/E 11.6 vs industry 16.4.

  • GrowthStrong

    Sales +32.8%, profit +57.4% a year over 3 years.

  • ProfitabilityWeak

    ROCE 12.6% vs peer median 19.9%.

  • Balance sheetSolid

    Debt 0.08× equity, interest covered 6.0×.

  • Red flags1 to check

    45% below its 52-week high.

Compared with 7 industry peers. Computed from reported figures. Educational, not a recommendation.

Engineering & Construction

155 listed peers. Screen the industry

Small cap

₹194 Cr, #101 of 156 in its industry by size.

Defensive

Beta 0.44 vs the NIFTY 50: moves less than the market.

Key metrics

Last 12 months to Jun 2026: sales ₹226 Cr · profit ₹15 Cr
Market cap
₹194 Cr
Small cap
P/E
11.6
Industry 16.4
Price to book
1.27
Peers 4.92
Dividend yield
0.00%
ROE
10.8%
Peers 17.9%
ROCE
12.6%
Peers 19.9%
Debt to equity
0.08
Debt ₹14 Cr
EPS (TTM)
₹7.89
Face value ₹10
OPM (TTM)
10.6%
Net margin 6.5%
Sales growth
+18.4%
Latest quarter vs a year ago
Profit growth
+10.3%
Latest quarter vs a year ago
Price to sales
0.86
EV/EBITDA 8.5

Strengths and risks

Strengths

  • Practically debt-free.
  • Quarterly sales up 18.4% on a year ago.
  • P/E of 11.6 against an industry P/E of 16.4.

Risks to check

  • 45% below its 52-week high.

Derived automatically from reported figures. Not a recommendation.

About Power & Instrumentation (Gujarat)

Power & Instrumental (Gujarat) Limited engages in electrical contract work business and deals in electrical equipment in India. The company provides contracting based, industrial electrical, airport electrical, commercial electrical contractors, lighting and entertainment, and power backup and standby services. It also offers design, installation, maintenance, and repair services for energy efficient power and distribution transformers, generators,…

Headquarters
Ahmedabad
Employees
61
Sector
Industrials
ISIN
INE557Z01018
Website
grouppower.org

Price range

52 weeks

₹85.16₹165.11

Today

₹91.10₹96.00
Avg volume (3M)
53.3K
1-year return
minus 36.3%
From 52-week high
minus 44.6%

Peers · Engineering & Construction

Capital-heavy industry columns

Compare with peersScreen the whole industry
Company
LTLarsen & Toubro4,117.70plus 1.67%5,66,54931.719.614.6%9.6%1.0516.1%plus 3.2%
RVNLRail Vikas Nigam193.34minus 0.18%40,31244.956.911.0%4.3%0.490.2%minus 40.5%
CEMPROCemindia Projects1,323.30plus 2.79%24,40536.424.237.1%10.4%0.3525.5%plus 49.2%
KPILKalpataru Projects International1,370.80minus 0.04%23,41019.710.119.9%8.3%0.4618.4%plus 4.3%
NBCCNBCC (India)78.00minus 2.90%21,06026.519.834.3%6.1%0.0012.9%minus 29.5%
ENGINERSINEngineers India292.70minus 1.94%16,45118.321.528.1%21.2%0.005.7%plus 51.1%
WABAGVA Tech Wabag1,988.20plus 6.57%12,43429.420.816.3%10.9%0.099.9%plus 33.2%
PIGLPower & Instrumentation (Gujarat)91.54minus 2.15%19411.69.0–9.7%0.0832.8%minus 36.3%
Median of 7 peers–−0.04%23,41029.420.819.9%9.6%0.3512.9%4.3%

Quarterly results

Consolidated, ₹ crore
SalesSelect a row below to chart it
₹ CrJun 25Sep 25Dec 25Mar 26Jun 26
41.370.348.758.548.9
37.363.742.752.143.9
46.65.96.45
9.8%9.4%12.2%11.0%10.3%
0.30.60.20.40.4
0.70.81.41.71.3
0.10.10.20.30.3
––−0.1−0–
3.56.34.54.93.9
25.9%25.2%21.1%19.7%21.7%
2.64.73.33.62.9
1.502.661.692.101.44

Profit & loss

Yearly, ₹ crore
Sales CAGR 3Y
+32.8%
Profit CAGR 3Y
+57.4%
EPS CAGR 3Y
+34.6%
ROE
10.8%
Net profitSelect a row below to chart it
₹ CrMar 2023Mar 2024Mar 2025Mar 2026
93.197.5169218
–+4.7%+73.2%+29.3%
85.387151195
7.810.518.123.6
8.4%10.8%10.7%10.8%
−0.3−0.10.20.7
2.32.92.53.8
0.30.20.21.1
−00.50.5−0.2
4.97.71619.3
26.6%23.8%26.3%23.0%
3.65.911.814.2
–+62.1%+99.4%+20.6%
3.334.686.618.13

Forecast

Your assumptions, not a prediction

Balance sheet

At each financial year end, ₹ crore
Total assetsSelect a row below to chart it
₹ CrMar 2023Mar 2024Mar 2025Mar 2026
12.612.617.521.2
32.738.693.1131
31.914.718.433.1
29.641.644.575.2
107107173261
1.41.31.215.2
0.50.60.62
19.28.28.712.6
4.30.73.73.8
81.396.7159227
107107173261

Cash flow

Yearly, ₹ crore
Cash from operationsSelect a row below to chart it
₹ CrMar 2023Mar 2024Mar 2025Mar 2026
0.98.5−39.9−5
−4.4−0.2−11.8−13.6
3.7−8.251.721.8
0.20.1−03.1
−0.3−0.1−0.3−1.1
0.68.4−40.2−6.1
––−0.3−0.4

Shareholding pattern

Source: NSE filings
50.7%
promoters
  • Promoters50.69%
  • Public49.31%
  • As of 30 Sep 2026
QuarterSplitPromotersPublicPromoter change
30 Sep 202650.69%49.31%0.00
30 Jun 202650.69%49.31%0.00
31 Mar 202650.69%49.31%0.00
19 Mar 202650.69%49.31%plus 0.70
18 Mar 202649.99%50.01%–

Major shareholders

NSE filing

Filings & events

News

No recent news coverage found.

My notes

Private to you