Arthneeti

CG Power & Industrial Solutions Q2 FY27 Share Price & Earnings Call Analysis

Part of: Nifty Next 50 · Nifty 100 · Nifty Infrastructure · Nifty Energy · Nifty 200 · NIFTY LargeMidcap 250 · +2 more

₹828.00+0.76% today
Market cap
₹1.30L Cr
P/E
93.31
ROE
20.48%
PEG
9.62
Price to sales
9.52
Debt to equity
0.02
52W high / low
₹976 / ₹531
Sales growth (5Y)
33.18%
EBITDA margin
13.14%
Net profit margin
9.68%
Promoter holding
56.34%
Sales (last year)
₹13,699 Cr

CG Power & Industrial Solutions is a global enterprise providing end-to-end solutions to utilities, industries and consumers for the management and application of efficient and sustainable electrical energy. It offers products, services and solutions in two main business segments, viz. Power Systems and Industrial Systems.

Guidance scorecard · Q2 FY27 call

What CG Power & Ind's management guided
and where it ranks in Electrical Equipment

Revenue20–40%MarginsUp 0–2%CapexPlannedFundraisingWhat management saidOrder bookRising

RevenueQ4 FY26 call

20–40%
  • The company expects continued strong growth in motors and drives, supported by both volume increases and price hikes (~50-50% contribution).
  • Power Systems segment sees robust market demand globally and in India, with significant capacity expansions underway (from 18,000 MVA to nearly 65,000 MVA transformer capacity in a year).
  • Railways business is viewed as a sizable potential area, with new products and services driving high double-digit growth.
  • Export business is small currently (~5-9%) but has more than doubled order bookings recently, with ambitious growth targets ahead.
  • Domestic transformer power products business in India is growing rapidly, with demand from utilities continuing to rise.

2 more points from CG Power & Ind's call on revenue

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Full Q4 FY26 analysis

MarginsQ4 FY26 call

Up 0–2%

See what CG Power & Ind said on margins — free account, 30 seconds.

Full Q4 FY26 analysis

CapexQ4 FY26 call

Planned
  • Greenfield plant erection for transformer capacity expansion is in progress and expected to commission between July and August 2026.
  • Initial capacity of new plant will be around 25,000 to 30,000 MVA, aiming to reach 45,000 MVA by end of 2026.
  • Total transformer capacity expected to be approximately 110,000 MVA by end of 2026 (combining existing and new capacities).
  • Continuous investments underway in semiconductor design capabilities, including acquisitions like the Axiro RF business from Renesas.
  • Strategic focus on building design capabilities and pursuing potential M&A to stay at forefront of technology, especially with AI advancements.

2 more points from CG Power & Ind's call on capex

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Full Q4 FY26 analysis

FundraisingQ4 FY26 call

Ask what CG Power & Ind said on fundraising →

Full Q4 FY26 analysis

Order bookQ4 FY26 call

Rising
  • As of March 31, 2026, CG Power's unexecuted order backlog was INR 17,107 crores, up 61% year-over-year on a consolidated basis.
  • Standalone unexecuted order backlog stood at INR 15,719 crores, a 59% increase versus the prior year.
  • Order intake for the full year FY26 was INR 19,616 crores on a consolidated basis, up 33% year-over-year.
  • Power segment order backlog was INR 12,644 crores, a 91% increase year-over-year.
  • Industrial Systems segment backlog was INR 3,075 crores at year-end.
  • G.G. Tronics order backlog stood close to INR 1,000 crores.

2 more points from CG Power & Ind's call on the order book

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Full Q4 FY26 analysis
Full Electrical Equipment ranking

Ranges are what management guided for revenue growth and margins on the latest earnings call. Not investment advice, and not a forecast of returns.

Potential multibaggers · Q2 FY27

Potential multibaggers in Electrical Equipment
on management's own guidance

  1. Strong growth
    2
  2. Strong growth
    1
  3. Strong growth
    3
See all potential multibaggersWhere does CG Power & Ind rank?

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Ranks describe management commentary on revenue and margin from the latest earnings call. Not investment advice.

CG Power & Industrial Solutions latest results (Sep 2026)

Revenue

₹3,802 Cr

+30% YoY

Net profit

₹409 Cr

+44% YoY

Operating margin

14%

EPS

₹2.62

What management said on the call →

CG Power & Industrial Solutions shareholding (Sep 2026)

Promoters

56.34%

−0.02 pp QoQ

FIIs

11.08%

−0.89 pp QoQ

DIIs

18.96%

+0.73 pp QoQ

Public

13.55%

+0.18 pp QoQ

Full shareholding pattern →Dividend history →

Peers

Electrical Equipment companies ranked on guidance

#CompanyRevenue guidedMargin guidedMarket capP/E
140%+Up 2%+₹457 Cr8.8
240%+Up 0–2%₹12,138 Cr47.6
340%+Up 0–2%₹713 Cr41.3
440%+Up 0–2%₹430 Cr7.6
540%+Up 0–2%₹181 Cr6.1
640%+Flat₹22,192 Cr119.7

Sign up free to see every company in the sector ranking and track CG Power & Ind.

Pro shows every company guiding 40%+ revenue growth →Full Electrical Equipment ranking

CG Power & Ind announcements

All announcements →

Financials of CG Power & Ind

Quarterly Results, Profit & Loss, Balance Sheet, Cash Flows, and Ratios are shown below as separate sections.

Shareholder Pattern

CG Power & Ind

Shareholding breakup across reporting periods.

Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 2026Sep 2026
Promoters +58.12%58.11%58.09%58.07%58.06%58.06%58.05%56.37%56.36%56.36%56.36%56.34%
FIIs +16.05%15.18%14.64%14.58%14.30%12.97%12.69%13.02%12.02%12.03%11.97%11.08%
DIIs +9.15%10.09%11.07%11.43%11.91%13.58%14.22%16.26%17.52%18.01%18.23%18.96%
Government +0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.04%0.07%0.07%0.07%
Public +16.69%16.61%16.19%15.92%15.73%15.39%15.02%14.35%14.05%13.53%13.37%13.55%
No. of Shareholders2,00,4972,58,5873,41,8204,21,2504,70,5004,94,9164,92,4185,47,0435,35,8035,21,3495,33,5305,49,326

Financials of CG Power & Ind

Quarterly Results

Quarter-by-quarter operating performance

Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 2026Sep 2026
Sales +2,0021,9792,1922,2282,4132,5162,7532,8782,9233,1753,4423,2813,802
Expenses +1,6931,7181,9081,9002,1182,1852,4062,4972,5462,7782,9752,8843,262
Operating Profit309261284327295331347381377397466397540
OPM %15%13%13%15%12%13%13%13%13%13%14%12%14%
Other Income +435794233293471286641798482
Interest0111213234444
Depreciation23242424282832445251495458
Profit before tax329816301336294335384364388384492423559
Tax %26%8%22%28%25%29%29%27%27%26%26%27%27%
Net Profit +242748234241220238274267284284363308409
EPS in Rs1.594.891.531.581.451.571.781.761.821.812.321.992.62

Financials of CG Power & Ind

Profit & Loss

Annual income statement trend

Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026TTM
Sales +5,8005,2695,5178,0317,9985,1102,9645,4846,9738,0469,90912,41813,699
Expenses +5,5115,1815,6457,8937,6995,0792,8484,8375,9676,9048,58910,77711,899
Operating Profit28988-128138299311166471,0051,1421,3191,6411,801
OPM %5.0%1.7%-2.3%1.7%3.7%0.6%3.9%12%14%14%13%13%13%
Other Income +72-230-5-73-116-8611,655569286684162208285
Interest10580186426432365206822817212515
Depreciation245172143252225211138999495112196212
Profit before tax12-394-463-613-475-1,4071,4271,0351,1691,7151,3481,6281,858
Tax %-88%17%6%17%7%-5%10%12%18%17%28%26%
Net Profit +22-461-491-715-507-1,3311,2809139631,4289731,1991,365
EPS in Rs0.37-7.33-7.83-11.47-8.03-21.129.686.336.309.346.377.668.74
Dividend Payout %214%0%0%0%0%0%0%0%24%14%20%17%

Financials of CG Power & Ind

Balance Sheet

Capital structure and asset base

Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026Sep 2026
Equity Capital125125125125125125268288305305306315315
Reserves4,1724,4643,9772,7572,005-2,081-3527151,4852,7123,5387,6558,424
Borrowings +2,0921,5281,5023,0413,2972,7571,484367161741118169
Other Liabilities +5,3704,8314,5574,8874,8833,8162,9972,8522,8612,5903,5284,5555,551
Total Liabilities11,76010,94910,16110,81110,3114,6174,3974,2224,6685,6257,41312,64414,460
Fixed Assets +4,1272,5881,7052,3642,0501,4891,1461,0819711,0591,4792,0082,460
CWIP104906185912820353894386725846
Investments44223120927913022411588438453384
Other Assets +7,0888,0408,1868,0838,0403,0983,2293,0643,6583,8845,1109,45810,771
Total Assets11,76010,94910,16110,81110,3114,6174,3974,2224,6685,6257,41312,64414,460

Financials of CG Power & Ind

Cash Flows

Operating, investing and financing cash movement

Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Cash from Operating Activity +-672-61-540380811692-2424839471,028916702
Cash from Investing Activity +429432497-1,031-745-178-51227-21-1,294-540-3,605
Cash from Financing Activity +157-22250514-213-528590-800-612-246-1672,794
Net Cash Flow-871497-138-147-14297-91315-512210-109
Free Cash Flow-537292-592203682649-257413865805491-72
CFO/EBITDA Share of operating profit converting into cash: CFO (before tax) / Operating Profit-147%72%354%319%284%2,311%-206%69%95%90%84%74%

Financials of CG Power & Ind

Ratios

Working capital efficiency and return ratios

Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Debtor Days1941441241097737726368707486
Inventory Days1285983858442794841496067
Days Payable202132130130162143191107949899105
Cash Conversion Cycle120717764-1-63-40315213548
Working Capital Days8447283-53-96-285-207-62481670
ROCE %5%5%-4%-1%2%-4%8%42%61%47%37%27%

Guidance history

How CG Power & Ind's guidance has moved, call by call

CallRevenueMarginsCapexFundraisingOrder book
Q4 FY26 call →20–40%Up 0–2%Planned—Rising
Q3 FY26 call →20–40%FlatPlanned—Rising

What management guided on each call, newest first. Not investment advice, and not a forecast of returns.

51out of 100

Momentum score · price trend

51 out of 100 — Steady

Over the past year its share price has moved roughly in the middle of the stocks we track.

PeriodShare price changeBetter than … of 1,937 stocks
Last 12 months+11.1%64%
Last 6 months−1.2%43%
Last 3 months−7.0%40%
How we calculate it

“Better than 30%” means that over that period the share price did better than 30 out of every 100 stocks we track (1,937 Indian companies worth ₹500 Cr or more, with at least a year of prices).

The score weighs the longer periods more: 40% × 12-month + 40% × 6-month + 20% × 3-month. For CG Power & Ind: 0.4 × 64 + 0.4 × 43 + 0.2 × 40 = 51.

Strengthening is 70 and above, Steady 40 to 70, Cooling below 40. Scores are recalculated every night after the market closes.

Full methodology →

This describes only how the share price has moved up to 13 Nov 2026, compared with other stocks. It says nothing about the business, and it is not a prediction, a price target or a recommendation to buy or sell.

CG Power & Industrial Solutions: frequently asked questions

What is CG Power & Industrial Solutions share price today?

CG Power & Industrial Solutions last traded at ₹828, with a market capitalisation of ₹1.3L Cr and a P/E ratio of 93.3.

What were CG Power & Industrial Solutions's latest quarterly results?

For the quarter ended Sep 2026, CG Power & Industrial Solutions reported revenue of ₹3,802 Cr (+30% year on year) and net profit of ₹409 Cr, with an operating margin of 14%.

Is CG Power & Industrial Solutions's profit growing?

Net profit was ₹409 Cr in Sep 2026 against ₹284 Cr in Sep 2025, a change of +44%.

What is CG Power & Industrial Solutions's EPS?

CG Power & Industrial Solutions's earnings per share for the quarter ended Sep 2026 was ₹2.62.

What is the promoter holding in CG Power & Industrial Solutions?

Promoters held 56.34% of CG Power & Industrial Solutions in Sep 2026 (−0.02 pp versus Jun 2026).

How much do FIIs and DIIs hold in CG Power & Industrial Solutions?

In Sep 2026, foreign institutional investors held 11.08% and domestic institutions (including mutual funds) held 18.96% of CG Power & Industrial Solutions.

What is CG Power & Industrial Solutions's ROE and ROCE?

CG Power & Industrial Solutions's return on equity is 20.5% and its return on capital employed is 26.7%.

Does CG Power & Industrial Solutions pay a dividend?

Yes. CG Power & Industrial Solutions's dividend yield is 0.16% at the current price. The full payout history is on the CG Power & Industrial Solutions dividends page.

Which sector does CG Power & Industrial Solutions belong to?

CG Power & Industrial Solutions is in the Electrical Equipment sector. Its peer comparison and sector ranking are on this page.

What did CG Power & Industrial Solutions's management say on the latest earnings call?

Arthneeti's analysis of the Q2 FY27 earnings call covers revenue, margins, capex and fundraising guidance from CG Power & Industrial Solutions's management.

How does Arthneeti AI analyse CG Power & Industrial Solutions?

Arthneeti reads CG Power & Industrial Solutions's earnings call transcripts and filings and scores revenue growth, margins, capex and fundraising, then ranks the company against its sector.

Continue your research

What CG Power & Ind's management said in earlier quarters

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