Loading…
Indian electrical equipment maker (formerly Crompton Greaves, now Tata Group-controlled) producing transformers, motors and railway electrical systems.
Indian electrical equipment maker (formerly Crompton Greaves, now Tata Group-controlled) producing transformers, motors and railway electrical systems.
Sells transformers and motors to utilities and industry, and electrical systems to rail and metro projects. The Murugappa Group took control in 2020 after the previous owners' financial scandal, and the company is building a chip assembly and test plant in Gujarat with Renesas and Stars Microelectronics.
In one line: An Indian electrical-equipment maker under new Tata ownership.
Moat: narrow (installed base, brand, scale). Established electrical-equipment brand now backed by Tata Group ownership, competing with global and domestic majors.
Headquarters: Mumbai, India · Founded: 1937 · Employees: 10,438
Size CG Power & Industrial Solutions (CGPOWER.NS) is an India Industrials company (Electrical Products) with a market value of $12.9B, the 85th largest of 1,058 India companies the cockpit tracks. Shares closed at ₹773.00 on 6 Nov 2026.
Performance Over six months the shares fell 10.0%, against -25.7% for the median peer and 0.0% for the India market (cap-weighted) — 5th highest of 21 in its peer set.
Growth Revenue grew 23.8% over the last twelve months (peer median +16.4%); the operating margin is 11.6% (peer median 12.2%).
Valuation It trades at 72.3× forward earnings against a peer median of 18.1× (3rd most expensive of 21).
Capital Return on invested capital runs 0.2 points below its cost of capital (14.8% WACC).
Next results Next results expected around 15 Feb 2027 (exchange calendar; dates can move).
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|
| Revenue | ₹137B | ₹124B | ₹99.1B | ₹80.5B | ₹69.7B |
| Revenue growth | — | +25% | +23% | +15% | — |
| Gross profit | ₹30.7B | ₹22.9B | ₹18.9B | ₹15.8B | ₹13.3B |
| EBITDA | ₹18.0B | ₹16.4B | ₹13.4B | ₹11.7B | ₹10.1B |
| Net income | ₹13.8B | ₹12.1B | ₹9.75B | ₹14.3B | ₹9.63B |
| Free cash flow | n/a | -₹434M | ₹5.54B | ₹8.35B | ₹8.10B |
| Capital expenditure | n/a | ₹7.78B | ₹4.27B | ₹2.34B | ₹855M |
| Total debt | ₹1.69B | ₹1.18B | ₹410M | ₹174M | ₹164M |
The default views of Competitor Analysis ▸ Charts, drawn from the same data. Open them in the cockpit to change the axes, pin companies and read every value.
| Company | Market cap | 6M return | Revenue growth | Op. margin | Forward P/E | Req g |
|---|---|---|---|---|---|---|
| CG Power & Industrial Solutions CGPOWER.NS | $12.9B | -10% | +24% | 12% | 72.3× | n/a |
| Siemens SIEMENS.NS | $13.4B | -8% | -12% | 9% | 72.7× | n/a |
| ABB India ABB.NS | $15.2B | -6% | +8% | 13% | 85.7× | 47.3% |
| Hitachi Energy India POWERINDIA.NS | $13.1B | -20% | +40% | 15% | 79.8× | 50.3% |
Peer set: Industry: the same industry and sector in any market, nearest in size. This is the same default set the interactive Competitor Analysis opens with.
| Measure | CGPOWER.NS | Peer median | Rank in peer set |
|---|---|---|---|
| 1-month return | -13.6% | -6.8% | 9th lowest of 21 |
| 6-month return | -10.0% | -25.7% | 5th highest of 21 |
| Distance from 52-week high | -21.2% | -38.5% | 5th highest of 21 |
| Revenue growth (TTM) | +23.8% | +16.4% | 8th highest of 20 |
| Operating margin | 11.6% | 12.2% | 10th lowest of 20 |
| Forward P/E | 72.3× | 18.1× | 3rd most expensive of 21 |
| ROIC minus cost of capital | -0.2 pp | +3.9 pp | 7th lowest of 19 |
| EV / EBITDA | 67.2× | 31.1× | 2nd most expensive of 11 |
| Net debt / EBITDA | -0.6× | -1.2× | 5th most indebted of 11 |
| Company | Market | Market cap | 6M return | Revenue growth | Op. margin | Forward P/E | Req g | Delivered g |
|---|---|---|---|---|---|---|---|---|
| CG Power & Industrial Solutions CGPOWER.NS | India | $12.9B | -10% | +24% | 12% | 72.3× | n/a | n/a |
| Dongfang Electric 600875.SS | China | $12.9B | -42% | +2% | 5% | 16.1× | n/a | n/a |
| Ls Electric 010120.KS | South Korea | $12.8B | -58% | +32% | 10% | 31.6× | 21.9% | +15.6% |
| Polycab India POLYCAB.NS | India | $12.5B | -13% | +41% | 13% | 33.8× | n/a | n/a |
| Siemens SIEMENS.NS | India | $13.4B | -8% | -12% | 9% | 72.7× | n/a | n/a |
| Shanghai Electric 601727.SS | China | $12.3B | -24% | +16% | n/a | 64.2× | -5.7% | -1.6% |
| Kingboard Laminates 1888.HK | Hong Kong | $12.2B | -26% | +32% | 21% | 10.8× | n/a | n/a |
| Nidec 6594.T | Japan | $11.7B | -33% | +4% | -22% | 11.5× | 8.4% | +10.9% |
| Jiangsu Zhongtian Technology 600522.SS | China | $11.7B | -30% | +22% | 8% | 11.6× | 4.1% | +4.5% |
| TBEA 600089.SS | China | $14.2B | -29% | +12% | 6% | 15.2× | n/a | n/a |
| Nordex NDX1.DE | Germany | $11.4B | -7% | +12% | 8% | 19.6× | 3.7% | +10.2% |
| Regal Rexnord RRX | United States | $11.3B | -21% | +5% | 12% | 14.0× | 14.0% | +15.3% |
| Hengtong Optic-Electric 600487.SS | China | $14.9B | -38% | +21% | 9% | 11.8× | n/a | n/a |
| ABB India ABB.NS | India | $15.2B | -6% | +8% | 13% | 85.7× | 47.3% | +17.8% |
| Ningbo Deye Technology 605117.SS | China | $15.3B | -26% | +71% | 27% | 17.3× | 7.9% | +32.1% |
| GE Vernova T&D India GVT&D.NS | India | $10.9B | -16% | +41% | 26% | 62.7× | 45.7% | +12.4% |
| Hyosung Heavy 298040.KS | South Korea | $10.8B | -60% | +13% | 13% | 18.9× | 13.5% | +14.9% |
| Bharat Heavy Electricals BHEL.NS | India | $15.4B | +3% | +29% | 9% | 41.2× | 44.1% | +14.6% |
| Zangge Mining 000408.SZ | China | $15.5B | -26% | +35% | 51% | 12.5× | 22.0% | +13.4% |
| Siemens Energy India ENRIN.NS | India | $10.6B | -11% | n/a | 20% | 60.1× | 27.3% | n/a |
| Generac GNRC | United States | $10.4B | -34% | +6% | 13% | 14.6× | 20.1% | +11.1% |