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GE Power India Ltd Stock Analysis

Small Cap
Evaluated by 2188 users | BSE: 532309 | NSE: GEPIL |
Engineering - Construction
1. Right Stock
Not Good
2. Right Price
3. Right Time

Analysis of Financial Track Record

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 Power India 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'12Mar'13Mar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21TTM
Return on Capital Employed 27.52%23.71%17.47%16.46%-6.18%10.19%19.67%18.01%13.87%11.28%-
Value Creation Index 0.620.390.03-0.03-1.36-0.400.160.06-0.18-0.34-
Growth Parameters
Growth Parameters Colour Code Guide
Net Sales (Rs. Cr.) 2,4182,7862,6052,1241,7111,9931,3381,9032,4463,3433,451
Y-o-Y Gr. Rt.-15.2%-6.5%-18.5%-19.5%16.5%-32.9%42.2%28.6%36.7%-
Adjusted EPS (Rs.) 26.1626.1220.0322.28-11.546.3420.9617.3911.4510.04-4.47
Y-o-Y Gr. Rt.--0.2%-23.3%11.2%-151.8%NA230.6%-17%-34.2%-12.3%-
Book Value per Share (Rs.) 102.19118.38137.51145.05122.82123.52123.57131.65136.89144.52127.44
Adjusted Net Profit 176176135150-77.642.714111776.967.5-30
Net Op. Cash Flow (Rs. Cr.) -12833.122318962.443349.4-241-563-477-
Debt to Cash Flow from Ops 000000000-0.65-
Standalone financials take only the parent company into account while consolidated financials take into account financials of the parent company as well as of all its subsidiaries. In most companies consolidated financials should be used for analysis.
GE Power India Ltd. should be analysed on a Standalone basis
CAGR
CAGR Colour Code Guide
  10 yrs 5 yrs 3 yrs 1 yr
Net Sales 3.7%14.3%35.7%36.7%
Adjusted EPS -10.1%NA-21.8%-12.3%
Book Value per Share 3.93.35.45.6
Share Price -5.1% -9.6% -27.7% -20.9%
Key Financial Parameter
Performance Ratio Colour Code Guide
 Mar'12Mar'13Mar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21TTM
Return on Equity (%) 27.4523.4815.5415.69-8.65.1516.9613.638.527.14-3.29
Operating Profit Margin (%) 10.68.797.98.83-10.253.1511.510.057.044.90.81
Net Profit Margin (%) 7.276.35.177.05-4.542.1410.536.153.152.02-0.87
Debt to Equity 0000000000.32-
Working Capital Days 332323385459599572860605481401-
Cash Conversion Cycle 92100116132148-4-116527098-
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Corporate Governance What do we look at?
Corporate Governance
Board Credentials
Promoter's holding
Transparency
Integrity
Entity Percentage Holding
Promoters 68.58%
Institutions 14.48%
Non-Institutions 16.95%
Pledged *0.000.000.000.000.000.000.000.000.000.00
* Pledged shares as % of Promoter's holding (%)
Past 10 year's financial track record analysis by Moneyworkds4me indicates that GE Power India Ltd is a average quality company.

GE Power India Ltd's earnings have grown by 0%, whereas share price has declined -9.6% CAGR over the past five years, indicating the company’s share price is likely undervalued. However, for specific investment actions please consult your investment advisor.

GE Power India Ltd share price has declined -5.1% annually (CAGR) over the past ten years.

Data is not available for this company.

GE Power India Limited (formerly known as ALSTOM India Limited) has strong capabilities in engineering, manufacturing, project management and supply of products and solutions for infrastructure. It has engineering centres in Noida and Kolkata and manufacturing units dedicated to hydro in Vadodara, Boilers in Durgapur and Coal Mills in Shahabad.

It is one of the leading players in the Indian power generation equipment

GE Power India Limited (formerly known as ALSTOM India Limited) has strong capabilities in engineering, manufacturing, project management and supply of products and solutions for infrastructure. It has engineering centres in Noida and Kolkata and manufacturing units dedicated to hydro in Vadodara, Boilers in Durgapur and Coal Mills in Shahabad.

It is one of the leading players in the Indian power generation equipment market. Today, with the expansion of economy, globalization, innovation, amidst political and economic challenges, the company has successfully partnered in the modernization and growth of Indian infrastructure. It has a countrywide presence of sales offices and workshops. The company’s manufacturing unit is located in Noida, Uttar Pradesh & Durgapur, West Bengal. GEPIL continues to offer a comprehensive portfolio of power generation solutions with a focus on emissions control and services portfolio providing sustainable, affordable and reliable electricity.

Operating in various countries, its technology produces a third of the world’s electricity, equips 90% of power transmission utilities worldwide, and its software manages more than 40% of the world’s energy.

Business area of the company

The company builds the power generation technologies and creates the energy technologies of the future. Its innovative solutions and digital offerings help make power more affordable, reliable, accessible, and sustainable. It is a world energy leader providing equipment, solutions and services across the energy value chain from generation to consumption.

Product and services

  • Gas power
  • Steam power
  • Nuclear power
  • Hybrid power
  • Software
  • Industries & applications

Business Divisions

  • Boilers
  • Mills
  • Air quality control systems
  • Automation & control
  • Services
  • Hydro
  • Gas power systems

Milestones

  • 1911- First factory built in Kolkata.
  • 1950- Participated in setting up the first major manufacturing unit of BHEL, Bhopal
  • 1959- Power Boilers facility established in Durgapur
  • 1963- Boiler/Mill facility established in Shahabad
  • 1992- Asea Brown Boveri Management Limited (ABBML)
  • 1999- Asea Brown Boveri Management Limited (ABBML) became ABB ALSTOM Power India Limited (ABBPL)
  • 2000- ABB ALSTOM Power India Limited (ABBPL) became ALSTOM Power India Limited 
  • 2002- ALSTOM Power India Limited became Alstom Projects India Ltd.
  • 2004- Hydro manufacturing facility established in Vadodara
  • 2008- Global Technology Centre (GTC) established in Vadodara
  • 2009- Foundation stone laid of power equipment manufacturing plant at Mundra in Gujarat
  • 2010- Alstom Projects India secured environmental control systems contracts worth more than Euro 40 million in India and Vietnam that will slash emissions.
  • 2011- Alstom Projects India signed a letter of intent with Shanghai Electric Group for the creation of Alstom-Shanghai Electric Boilers Co, a 50/50 joint venture (JV) company combining both partners’ activities in the boiler market for power plants.
  • 2011- Alstom Projects India (APIL) received a final approval to the amalgamation of a group company - ALSTOM Holdings (India) (AHIL) with itself.
  • 2012- ALSTOM Projects India Limited became ALSTOM India Limited
  • 2014-15: Alstom’s presence at PowerGen India and Central Asia 2014
  • 2014-15: First unit of Krishnapatnam Supercritical Thermal Power Plant (2x800 MW) at Andhra Pradesh starts commercial operations
  • 2014-15: First unit of Barh II Supercritical Thermal Power Plant (stage II - 2X660 MW) at Bihar starts commercial operation
  • 2015-16: 2 x 800 MW Yermarus Thermal Power Station, Unit 1 (RPCL) - Full load achieved
  • 2016-17: The name of the Company was changed from ALSTOM India Limited to GE Power India Limited with effect from 05 August 2016, to reflect its name with that of Promoter group
  • 2016-17: Delivered Mills for Karabiga 2x660MW project in Turkey
  • 2017-18: Commercial Operation Declaration achieved for 800 MW Unit-2 at RPCL Yermaras; 660 MW Unit-3 at PPGLC Bara; and 660 MW Unit-4 at Mouda
  • 2017-18: Delivered 5 Mills for Unit-2 of Hassyan Energy PJSC - 4x660 MW Clean Coal Power Plant, Dubai Electricity & Water Authority, Dubai
  • 2018-19: 2x660 MW Suratgarh - First Unit Full Load completed in March 2019
  • 2018-19: 2x800 MW Gadarwara - U# 1: Full load trial run completed in November 2018. U#2: Chemical cleaning completed in January 2019
  • 2018-19: The company’s manufacturing facility at Durgapur, West Bengal, has once again designed & manufactured Condenser for 660 MW Ghatampur thermal power Project. Dispatch was completed by March 2019. This is a huge accomplishment for development of a new complex product for thermal power station
  • 2019-20: The company’s manufacturing facility in Durgapur, West Bengal, successfully dispatched over 10,000 MT finished goods in one year. It includes boiler pressure parts to various project sites, NTPC Barh-I (3 Units) power services supply of boiler pressure parts, condenser components for Ghatampur, Mills
  • 2019-20: 3X660 MW Nabinagar- Unit#3 Drainable Hydro Test completed in July, 2019; Unit#2 Non-Drainable Hydro Test completed in August, 2019.
Puchho Befikar
SEBI Registered: Investment Adviser - INA000013323

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