GE T&D India Ltd Stock Analysis

BSE: 522275 | NSE: GET&D | Electric Equipment | Small Cap

BSE Share Price 01-Feb-2023 18:03
115.95 -1.30 (-1.11%)

DeciZen - Make an Informed Decision on GE T&D India

Overall Rating

1. Quality

2. Valuation

Fair

3. Price Trend

Semi Strong

GE T&D India Price Chart

P/E Ratio ( SA) :
0.00
Market Cap :
2,968.9 Cr.
52-wk low :
82
52-wk high :
142.2
Bole Toh?

1. Is GE T&D India Ltd a good quality company?

Past 10 year’s financial track record analysis by Moneyworks4me indicates that GE T&D India Ltd is a below average quality company.

2. Is GE T&D India Ltd undervalued or overvalued?

The key valuation ratios of GE T&D India Ltd's currently when compared to its past seem to suggest it is in the Fair zone.

3. Is GE T&D India Ltd a good buy now?

The Price Trend analysis by MoneyWorks4Me indicates it is Semi Strong which suggest that the price of GE T&D India 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 GE T&D India:

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.
GE T&D India Ltd has not performed well majority of the past ten years indicating its past ten year financial track record is not good

Value Creation

Value Creation Index Colour Code Guide

Mar'13Mar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22TTM
ROCE % 10.5%12.6%12.5%7.3%5.1%19.4%20.4%-12.1%6.7%-7.7%-
Value Creation Index -0.3-0.1-0.1-0.5-0.60.40.5-1.9-0.5-1.6-

Growth Parameters

Growth Parameters Colour Code Guide

Sales 3,1523,5243,7113,3034,0524,3324,2193,1593,4523,0662,870
YoY Gr. Rt. %-11.8%5.3%-11%22.7%6.9%-2.6%-25.1%9.3%-11.2%-
Adj EPS 3.55.15.71.7-1.87.98.8-9.61.5-5.5-0.5
YoY Gr. Rt. %-47%12%-69.4%-202.3%NA12.3%-208.7%NA-476%-
BVPS (₹) 38.148.851.24640.346.555.841.143.942.242.6
Adj Net Profit 82.413014544.7-45.5201226-24637.5-141-14
Cash Flow from Ops. 412-141502-90.91881,054-355-2603118.2-
Debt/CF from Ops. 1-3.50.6-5.52.80.1-0.2-1.90.719.9-

CAGR

CAGR Colour Code Guide

9 Years 5 Years 3 Years 1 Years
Sales -0.3%-5.4%-10.1%-11.2%
Adj EPS -205.3%NA-185.4%-476%
BVPS 1.20.9-8.9-3.8
Share Price -4.1% -21.9% -9.7% -5.6%

Key Financial Parameters

Performance Ratio Colour Code Guide

Mar'13Mar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22TTM
Return on Equity % 9.21211.43.6-4.118.117.3-19.83.5-12.8-1.3
Op. Profit Mgn % 8.89.49.63.42.96.411-5.34.9-5.3-3.6
Net Profit Mgn % 2.63.73.91.4-1.14.75.4-7.81.1-4.6-0.5
Debt to Equity 0.50.40.20.40.50.10.10.50.20.20
Working Cap Days 405412410428382394389522469508355
Cash Conv. Cycle 4854761131129610417214414427

Recent Performance Summary

No data to display

Return on Equity is Poor

Sales growth has been subdued in last 3 years 0.00%

Net Profit has been subdued in last 3 years -185.35%

Sales growth is not so good in last 4 quarters at -15.81%

Latest Financials - GE T&D India Ltd.

Standalone Consolidated
TTM EPS (₹) -0.5 7.3
TTM Sales (₹ Cr.) 2,870 4,020
BVPS (₹.) 42.6 0
Reserves (₹ Cr.) 1,039 954
P/BV 2.72 0.00
PE 0.00 15.91
From the Market
52 Week Low / High (₹) 82.00 / 142.15
All Time Low / High (₹) 2.30 / 656.40
Market Cap (₹ Cr.) 2,969
Equity (₹ Cr.) 51.2
Face Value (₹) 2
Industry PE 47

Management X-Ray of GE T&D India :

Shareholding Pattern

Promoter's Holding & Share Pledging

Pledged *0.000.000.000.000.000.000.000.000.000.00
* Pledged shares as % of Promoter's holding (%)

Event Update

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Analyst's Notes

Key Ratios of GE T&D India

Adj EPS (Rs.)
Sales (Cr.)
ROE (%)
ROCE (%)

News

GE T&D India Ltd FAQs

Company share prices are keep on changing according to the market conditions. The closing price of GE T&D India on 01-Feb-2023 18:03 is : 116.0.
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 01-Feb-2023 18:03 the market cap of GE T&D India stood at ₹ 2,968.9.
The latest PE ratio of GE T&D India as of 01-Feb-2023 18:03 is 0.00.
The latest PB ratio of GE T&D India as of 01-Feb-2023 18:03 is 2.72
The 52-week high of GE T&D India is ₹ 142.2 and the 52-week low is ₹ 82.00.
The TTM revenue is Trailing Twelve Months sales. The TTM revenue / sales of GE T&D India is ₹ 2,870 ( Cr.) .

About GE T&D India Ltd

With over 100 years of presence in India, GE T&D India (formerly ALSTOM T&D India Limited) is a leading player in the Power Transmission & Distribution business with a product portfolio ranging from Medium Voltage to Ultra High Voltage (1200 kV) for Power Generation, Utility, Industry and Infrastructure markets. Alstom T&D previously known as Areva T&D India, incorporated in 1957 as English Electric Company, is engaged in power transmission and distribution.

In 2004 Alstom T&D joined the AREVA group, to form AREVA T&D. In 2016 the name of the company was changed to GE T&D India as the firm was taken over by US giant General Electric. GE had made an open offer following its $16.9 billion bid to acquire the global energy assets of French multinational Alstom.

Today, GE T&D is the listed entity of GE’s Grid Solutions business in India. With over 100 years of presence in India, GE T&D India is a leading player in the power transmission and distribution business. The company has a predominant presence in all stages of the power supply chain and offers a wide range of products and related services that include power transformers, circuit breakers, gas insulated switchgears, instrument transformers, substation automation equipment, digital software solutions, turnkey solutions for substation engineering and construction, Flexible AC Transmission Systems (FACTS), High Voltage DC (HVDC) and maintenance support.

Business area of the company

The company provides a versatile and robust range of solutions for connecting and evacuating power from generations sources onto the grid, providing utilities with the tools needed to support the increase in demand swiftly. GE T&D India offers products ranging from medium voltage to ultra-high voltage (1200 kV) for power generation, transmission and distribution industry.

Product Portfolio

  • Transformers
  • High Voltage Switchgear
  • Turnkey Solutions
  • Power Electronics
  • Grid Automation
  • Services
  • Software Solutions

Awards and recognitions

  • 2017-18: the service team was recognized as “Engineering Service Provider of the year” in the GMR - IGI Airport Awards 2017, for the operation and maintenance services provided by the Company at the Delhi International airport.
  • 2018-19: Recognized by Sterlite Power for high quality and before time delivery of 400/220 kV GIS substation in Kashmir - part of NRSS29 project
  • 2019-20: Customers experiencing the latest innovations in grid technology at GE’s booth during Gridtech 2019
  • 2019-20: Awarded for ‘Outstanding Contribution in the field of IOT’ at IPPAI Power Awards 2019

Milestones

  • 1878: Creation of Societe Alsacienne de Constructions Mécaniques (SACM) in France.
  • 1918: Creation of English Electric Company Ltd. (later known as GEC) in the UK.
  • 1928: SACM merges with Thomson-Houston, forming ALSTHOM SA.
  • 1983: Acquisition of Compagnie Electro-Mécanique.
  • 1986: Acquisition of Sprecher and Schuh's high and medium voltage activities.
  • 1988: Acquisition of the Relays and Instrument Transformers divisions of Schlumberger Industrie. Merger with General Electric Company (GEC) creating GEC-ALSTHOM, later known as ALSTOM.
  • 1996: Acquisition of Allegemeine Electricitäts-Gesellschaft.
  • 1998: Acquisition of CEGELEC T&D.
  • 2004: ALSTOM T&D joins the AREVA group, to form AREVA T&D.
  • 2006: Acquisition of the RITZ Group bringing high voltage instrument transformer expertise.
  • 2007: Acquisition of Passoni & Villa, a high voltage bushings manufacturer. Acquisition of VEI Power Distribution S.p.A., a medium-voltage equipment manufacturer.
  • 2008: Acquisition of Nokian Capacitors Ltd, a Finnish manufacturer with Capacitor and Static VAr Compensator expertise.
  • 2008: Acquisition of  WALTEC, a Brazilian company specialized in dry-type transformers and low and medium voltage switchgear.
  • 2009: Acquisitions of Powermann Limited and RB Watkins Inc reinforcing the global T&D Service offering.
  • 2009: Acquisition of Nxtphase Limited strengthening AREVA T&D's technological position in the Instrument Transformer market.
  • 2010: Areva T&D India has informed that the separation of its transmission and distribution business will be completed between June and September this year.
  • 2011: Areva T&D India has entered into a memorandum of understanding (MOU) with Power Grid Corpoartion of India (PGCIL) to provide ultra high voltage technology for PCGIL’s upcoming 1,200 kV UHVAC national test station at Bina in Madhya Pradesh (MP).
  • 2012: Alstom Group acquired AREVA T&D’s Transmission activities in June 2010. This changed  the business name from AREVA T&D Ltd. to Alstom T&D Ltd.
  • 2014: Alstom successfully completed tests on its high-voltage DC circuit-breaker prototype. The latest series of tests consisted of reproducing the conditions of real actual operational constraints for a high-voltage DC transmission grid.
  • 2015-16: Flag-off of 1000th unit of 800kV Current Transformer from Hosur facility.
  • 2016-17: The name of the company was changed to GE T&D India Limited from ALSTOM T&D India Limited, effective August 2, 2016, to reflect its name with that of Promoter group.
  • 2017-18: The company was awarded a 400kV/220kV/132kV turnkey gas insulated substation order by Uttar Pradesh Power Transmission Corporation Ltd. (UPPTCL) at Lucknow Hardoi Road.
  • 2017-18: The company won a contract from HPCL Mittal Energy (HMEL) for development of 400/66kV GIS MRSS (Main receiving substation) at HMEL Bhatinda refinery.
  • 2018-19: The company won a substation order from Power Grid for evacuating 2500 MW of wind power, a part of Green Energy Corridor.
  • 2019-20: The company has won 765 kV AIS S/S at Lakadia & 765 GIS S/S at Vadodara, turnkey projects from Sterlite
  • 2019-20: The company has won the first 765 kV GIS S/S at Phagi in Rajasthan from PGCIL
  • 2019-20: The company has won 765 kV AIS turnkey S/S at Khetri, Bikaner from Adani
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