CG Power and Industrial Solutions Ltd - Stock Valuation and Financial Performance

BSE: 500093 | NSE: CGPOWER | Electric Equipment | Large Cap

CG Power & Indl.Soln Share Price

757.80 -3.25 -0.43%
as on 04-Dec'24 14:14

DeciZen - make an informed investing decision on CG Power & Indl.Soln

Overall Rating
Bole Toh

1. Quality

2. Valuation

Overvalued

3. Price Trend

Semi Strong

CG Power and Industrial Solutions stock performance -

mw4me loader
P/E Ratio (CD):
80.60
Market Cap:
1,16,328.6 Cr.
52-wk low:
415.1
52-wk high:
874.5

Is CG Power and Industrial Solutions Ltd an attractive stock to invest in?

1. Is CG Power and Industrial Solutions Ltd a good quality company?

Past 10 year's financial track record analysis by Moneyworks4me indicates that CG Power and Industrial Solutions Ltd is a average quality company.

2. Is CG Power and Industrial Solutions Ltd undervalued or overvalued?

The key valuation ratios of CG Power and Industrial Solutions Ltd's currently when compared to its past seem to suggest it is in the Overvalued zone.

3. Is CG Power and Industrial Solutions Ltd a good buy now?

The Price Trend analysis by MoneyWorks4Me indicates it is Semi Strong which suggest that the price of CG Power and Industrial Solutions Ltd is likely to Rise-somewhat in the short term. However, please check the rating on Quality and Valuation before investing.

10 Year X-Ray of CG Power & Indl.Soln:

Analysis of Financial Track Record

Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end
Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end

Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end.

Financial track record gives insight into the company's performance on key parameters over the past ten years. MoneyWorks4me’s proprietary colour codes make it easy for retail investors to gauge the company’s past performance.
CG Power and Industrial Solutions Ltd has performed well in some of the past ten years indicating its past ten year financial track record is somewhat good

Value Creation

Value Creation Index Colour Code Guide

Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24TTM
ROCE % 7.4%4.2%5%-2.4%-0.5%-33.5%150.8%60.9%65.5%48.9%-
Value Creation
Index
-0.5-0.7-0.6-1.2-1.0NA10.24.44.83.3-

Growth Parameters

Growth Parameters Colour Code Guide

Sales 5,5055,2695,5178,0317,9985,1102,9645,4846,9738,0468,811
Sales YoY Gr.--4.3%4.7%45.6%-0.4%-36.1%-42%85%27.2%15.4%-
Adj EPS 4.7-1.22-11.3-6.5-21.81.13.555.59.4
YoY Gr.--125.4%NA-669.9%NANANA220.9%40.5%10.5%-
BVPS (₹) 68.673.265.54634-31.5-0.96.811.719.623
Adj Net
Profit
291-73.9125-711-405-1,3681475097578371,443
Cash Flow from Ops. -672-60.8-540380811692-242483947397-
Debt/CF from Ops. -3.1-25.2-2.8844-6.10.700-

CAGR

CAGR Colour Code Guide

9 Years 5 Years 3 Years 1 Years
Sales 4.3%0.1%39.5%15.4%
Adj EPS 1.8%NA70.8%10.5%
BVPS-13%-10.4%NA67.8%
Share Price 14.7% 129% 69.2% 61.5%

Key Financial Parameters

Performance Ratio Colour Code Guide

Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24TTM
Return on
Equity %
7.3-1.72.9-20.4-16.2-1722.1-14.3110.954.234.844.3
Op. Profit
Mgn %
9.38.281.55.12.23.911.814.414.213.2
Net Profit
Mgn %
5.3-1.42.3-8.8-5.1-26.94.49.310.910.416.4
Debt to
Equity
0.50.30.41.11.5-1.4-120.4000
Working Cap
Days
37230324226634232520612011111587
Cash Conv.
Cycle
15010976695212-347273535

Recent Performance Summary

Sales growth is growing at healthy rate in last 3 years 39.50%

Net Profit is growing at healthy rate in last 3 years 70.79%

Sales growth is good in last 4 quarters at 16.87%

Return on Equity has declined versus last 3 years average to 44.30%

Latest Financials - CG Power and Industrial Solutions Ltd.

Standalone Consolidated
TTM EPS (₹) 6 9.4
TTM Sales (₹ Cr.) 8,320 8,811
BVPS (₹.) 24.4 23
Reserves (₹ Cr.) 3,421 3,212
P/BV 31.21 33.07
PE 127.59 80.60
From the Market
52 Week Low / High (₹) 415.10 / 874.50
All Time Low / High (₹) 1.35 / 874.50
Market Cap (₹ Cr.) 1,16,329
Equity (₹ Cr.) 305.7
Face Value (₹) 2
Industry PE 95.3

Management X-Ray of CG Power & Indl.Soln:

Shareholding Pattern

Promoter's Holding & Share Pledging

Pledged *87.7487.7487.740.000.000.000.000.000.000.00
* Pledged shares as % of Promoter's holding (%)

Event Update

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Analyst's Notes

Key Ratios of CG Power & Indl.Soln

Adj EPS (Rs.)

Sales (Cr.)

ROE (%)

ROCE (%)

Profit And Loss

(All Figures are in Crores.)
PARTICULARSMar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24
Sales5,5055,2695,5178,0317,9985,1102,9645,4846,9738,046
Operating Expenses 5,0444,8385,0747,9137,6845,0722,8484,8375,9676,904
Manufacturing Costs451354396517506289164245288327
Material Costs3,4293,4213,6535,2455,1983,3281,9743,9024,8565,552
Employee Cost 6695595131,0811,063867372365422508
Other Costs 4955045121,070917588337325402517
Operating Profit 462430442118314381166471,0051,142
Operating Profit Margin (%) 8.4%8.2%8.0%1.5%3.9%0.7%3.9%11.8%14.4%14.2%
Other Income 931116813351481113868106
Interest 10580186426432365206822817
Depreciation 245172143252225211138999595
Exceptional Items 150-111-73-135-167-9091,5442485221
Profit Before Tax 357180107-564-459-1,4001,4277521,0021,158
Tax -10672810233-76148122206287
Profit After Tax 36711379-665-492-1,3241,280630796871
PAT Margin (%) 6.7%2.2%1.4%-8.3%-6.1%-25.9%43.2%11.5%11.4%10.8%
Adjusted EPS (₹)0.4-7.3-7.8-11.5-8.0-21.19.76.36.39.3
Dividend Payout Ratio (%)214%0%0%0%0%0%0%0%24%14%

Balance Sheet

(All Figures are in Crores.)
PARTICULARSMar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24

Equity and Liabilities

Shareholders Fund 4,2984,5894,1032,8832,131-1,972-1229831,7842,996
Share Capital 125125125125125125268288305305
Reserves 4,1724,4643,9772,7572,005-2,097-3906951,4792,691
Minority Interest10883955160111
Debt1,9351,2911,2142,7372,7301,65496430700
Long Term Debt1,2775995041,4951,44858783630700
Short Term Debt6576927111,2431,2831,067128000
Trade Payables2,0551,3031,3831,8702,3141,3021,0351,1491,2441,484
Others Liabilities 3,4633,7583,4533,2813,0812,7711,7871,1601,205988
Total Liabilities 11,76010,94910,16110,81110,3113,7713,6643,6004,2355,469

Fixed Assets

Gross Block7,0034,2413,0773,5433,3372,6312,2432,1562,0212,196
Accumulated Depreciation2,8761,6541,3731,1781,2871,1421,0971,0741,0501,137
Net Fixed Assets4,1272,5881,7052,3652,0501,4891,1461,0819711,059
CWIP 104906185912820353894
Investments 43623120927913022411588
Inventories1,3005858821,2261,193384428512541751
Trade Receivables3,0882,0771,8772,4001,6965225879441,2971,534
Cash Equivalents 683797761427271242534488705854
Others Assets2,0224,5814,6664,0294,8801,103947498682589
Total Assets 11,76010,94910,16110,81110,3113,7713,6643,6004,2355,469

Cash Flow

(All Figures are in Crores.)
PARTICULARSMar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24
Cash Flow From Operating Activity -672-61-540380811692-242483947397
PBT 357180107-564-459-1,4001,4277521,0021,158
Adjustment 2491254348088171,508-1,152-9417-4
Changes in Working Capital -1097122-503189441623-501-236-71-748
Tax Paid -247-124-86-61-38-19-440-12-3
Cash Flow From Investing Activity 429432497-1,031-745-107-48227-21-662
Capex 135353-52-177-129-43-15-70-82-223
Net Investments -137209-2429000-9742-563
Others 430-130550-1,283-616-64-3339319124
Cash Flow From Financing Activity 157-22250514-213-528590-800-612-246
Net Proceeds from Shares 00000066457563
Net Proceeds from Borrowing -88-29347234860-340160-522-3160
Interest Paid -143-84-182-380-360-191-35-49-10-1
Dividend Paid -750000000-229-199
Others 464155-239546873-199-287-113-50
Net Cash Flow -871497-138-14757299-91315-512
PARTICULARSMar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24
Ratios
ROE (%)9.282.551.81-19.05-19.61N/AN/A146.357.5536.44
ROCE (%)7.444.164.99-2.38-0.47N/AN/A60.9465.5148.88
Asset Turnover Ratio0.520.490.560.780.760.730.811.521.791.68
PAT to CFO Conversion(x)-1.83-0.54-6.84N/AN/AN/A-0.190.771.190.46
Working Capital Days
Receivable Days21016812296937968515863
Inventory Days94614547555650312729
Payable Days227166127104136190215917070

CG Power and Industrial Solutions Ltd Stock News

CG Power and Industrial Solutions Ltd FAQs

Company share prices are keep on changing according to the market conditions. The closing price of CG Power & Indl.Soln on 04-Dec-2024 14:14 is ₹757.8.
Market capitalization or market cap is determined by multiplying the current market price of a company's shares with the total number of shares outstanding. As of 04-Dec-2024 14:14 the market cap of CG Power & Indl.Soln stood at ₹1,16,328.6.
The latest P/E ratio of CG Power & Indl.Soln as of 04-Dec-2024 14:14 is 127.6.
The latest P/B ratio of CG Power & Indl.Soln as of 04-Dec-2024 14:14 is 31.21.
The 52-week high of CG Power & Indl.Soln is ₹874.5 and the 52-week low is ₹415.1.
The TTM revenue is Trailing Twelve Months sales. The TTM revenue/sales of CG Power & Indl.Soln is ₹8,320 ( Cr.) .

About CG Power and Industrial Solutions Ltd

Crompton Greaves was established in 1937; is a flagship company of the $3 bn Avantha Group. It was earlier known as Crompton Parkinson Works.

CGL is engaged in designing, manufacturing and marketing electrical products and services related to power generation, transmission and distribution. The company ventures into three business groups such as power systems, industrial systems, and consumer products.

Crompton Greaves exports it wide range of products to over 60 countries across globe. In transformer business the company is a market leader and commands a market share of 18%.

In India the company has 22 manufacturing divisions spread across in Gujarat, Maharashtra, Goa, Madhya Pradesh and Karnataka along with this it has marketing and service network of 14 branches across various states. It has four regional sales offices located in Delhi, Kolkata, Mumbai and Chennai.

It has a large customer base, which includes State Electricity Boards, Government bodies and large companies in private and public sectors.

Crompton Greaves concluded an agreement with Nelco on April 2010, to acquire its traction electronics, SCADA and industrial drives businesses, on a slump sale basis. The value of the acquisition was about Rs 92 crore and this acquisition enabled the company to become a stronger and more comprehensive player in the railways business segment and build capabilities in drives by better leveraging on its existing product portfolio.

In June 2010 it has set up a new transformer manufacturing facility in Washington, Missouri, U.S.A. with an initial investment of $20 million through its subsidiary CG Power Systems USA.

It received Scheme of Amalgamation with Brook Crompton Greaves (BGCL), a wholly owned subsidiary of the company on July 2010

In August 2010 Crompton Greaves, through its subsidiary CG Holdings Belgium NV, has entered into one more definitive Memorandum of Undertaking with the EIC Group, headquartered in Saudi Arabia, for establishing a second Joint Venture (JV) Company in order for consolidating its business presence in the EPC segment in Middle East countries.

In September 2010 Crompton Greaves has entered into a Joint Venture (JV) pact with Spain headquartered -- ZIV Aplicaciones y Tecnologia, S.L (ZIV) -- to establish a JV Company in India, for the manufacture of Substation Automation Systems for Substations in EHV and UHV range, including protective relays, differential relays, bay control units, bus-bar systems, substation units, etc.

In November 2010 Crompton Greaves power products firm, part of the $4 billion Avantha Group, has won the CII-EXIM Bank 2010 awards for business excellence. The awards were distributed on the inaugural day of the three day National Quality Summit 2010, organized by Confederation of Indian Industry CII.The awards are given to companies in manufacturing and services sector in recognition of highest quality measured across various parameters by the CII and Export Import (EXIM) Bank.

In January 2011, directors approved a Scheme of Amalgamation of CG Capital & Investments Limited (a wholly owned subsidiary) with Crompton Greaves Limited. The amalgamation will be effective from April 01, 2010 (Appointed Date), subject to receipt of all Regulatory approvals.

Products

Power Systems- Under this it manufactures transformers, switchgears and power quality products like harmonic filters, power quality monitors, transient suppressors, current limiting reactors and reactive power compensation systems. It also offers power quality services such as audits, system design, consulting etc. It also undertakes engineering projects providing total solution for power transmission and distribution.

Industrial systems- Under this segment it manufactures and markets wide range of electric motors such as Fractional Horse Power Motors, LT Motors, HT Motors, DC Machines, Stampings, Traction Motors and Alternators, Electrical Control Panels for diesel electric locomotives and Railway Signaling Products.

Consumer Products- It manufactures consumer products such as fans, lamps, pumps and a range of electrical appliances such irons, mixers, etc.

It also manufactures telecom solutions such as switching, transmission and access products for telecommunications network and information technology services.

Milestones

It was first company to introduce an under light ceiling fan in the year 1989.

It was first to introduce 12 inch wall fan in high speed.

The company’s research and development and quality division has been certified to ISO 27001:2005 by UL India.

Its industrial transformer division located at Malanpur is amongst the few units in India, to have been accredited both ISO 14001 and OHSAS 18001, certification for occupational health and safety management system.

2010
- Crompton Greaves Ltd has entered into a Joint Venture Agreement with ZIV Aplicaciones y Tecnologia, S.L (ZIV)., headquartered in Spain, for establishing a Joint Venture Company in India, for the manufacture of Substation Automation Systems for Substations in EHV and UHV range, including protective relays, differential relays, bay control units, bus-bar systems, substation units, etc
2011
- Company has been awarded a contract as franchisee of Maharashtra State Electricity Distribution Company Ltd. for power distribution in Jalgaon Circle in Maharashtra for a period of 10 Years.
- CG acquires New Jersey based QEI Inc.
- Crompton Greaves Ltd acquires Sweden based Emotron Group.
2012
- Crompton Greaves Acquires leader in smart Grid Automation : ZIV Group.


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