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GE Power India Ltd Stock Analysis

Small Cap
Evaluated by 2063 users | BSE: 532309 | NSE: GEPIL |
Engineering - Construction
Alstom India previously known as Alstom Projects India (APIL) established in 1992 is the Indian arm of the France-based multinational company, Alstom. Alstom Projects India deals with manufacture of power supply generation equipment and rail equipment. In India, the company's manufacturing...
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'11Mar'12Mar'13Mar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20
Return on Capital Employed 35.46%27.52%23.71%17.47%16.46%-6.18%10.19%19.67%18.01%13.87%
Value Creation Index 0.760.620.390.03-0.03-1.36-0.400.160.06-0.18
Growth Parameters
Growth Parameters Colour Code Guide
Net Sales (Rs. Cr.) 1,5742,4182,7862,6052,1241,7111,9931,3381,9032,446
Y-o-Y Gr. Rt.-53.6%15.2%-6.5%-18.5%-19.5%16.5%-32.9%42.2%28.6%
Adjusted EPS (Rs.) 28.626.1626.1220.0322.28-11.546.3420.9617.3911.45
Y-o-Y Gr. Rt.--8.5%-0.2%-23.3%11.2%-151.8%NA230.6%-17%-34.2%
Book Value per Share (Rs.) 86.57102.19118.38137.51145.05122.82123.52123.57131.65136.89
Adjusted Net Profit 192176176135150-77.642.714111776.9
Net Op. Cash Flow (Rs. Cr.) 274-12833.122318962.443349.4-241-563
Debt to Cash Flow from Ops 0000000000
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
  9 yrs 5 yrs 3 yrs 1 yr
Net Sales 5%2.9%7.1%28.6%
Adjusted EPS -9.7%-12.5%21.8%-34.2%
Book Value per Share 5.2-1.23.54
Share Price -3.6% -13.6% -25.6% -61.3%
Key Financial Parameter
Performance Ratio Colour Code Guide
 Mar'11Mar'12Mar'13Mar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20
Return on Equity (%) 35.3827.4523.4815.5415.69-8.65.1516.9613.638.52
Operating Profit Margin (%) 18.1110.68.797.98.83-10.253.1511.510.057.04
Net Profit Margin (%) 12.187.276.35.177.05-4.542.1410.536.153.15
Debt to Equity 0000000000
Working Capital Days 463332323385459599572860605481
Cash Conversion Cycle -3392100116132148-4-1165270
Corporate Governance What do we look at?
Corporate Governance
Board Credentials
Promoter's holding
Transparency
Integrity
Entity Percentage Holding
Promoters 68.58%
Institutions 20.41%
Non-Institutions 11.02%
Pledged *0.000.000.000.000.000.000.000.000.000.00
* Pledged shares as % of Promoter's holding (%)

MoneyWorks4Me analysed the past 10-year performance of GE Power India Ltd and arrived at the following conclusion:

Past 10 year's financial track record indicates that GE Power India Ltd is a average quality company. However, for specific investment actions please connect with your investment advisor.

The 5-year analysis of GE Power India Ltd's performance infers:

GE Power India Ltd earnings have declined by -12.5%, whereas share price has depreciated -13.6% CAGR over the past five years, indicating the company's share price is likely undervalued. However, for specific investment actions please connect with your investment advisor.

We analysed the performance of GE Power India Ltd share prices over the last 10 years. Here is what we found out:

GE Power India Ltd share price has depreciated -8.6% annually over the past ten years.

Alstom India previously known as Alstom Projects India (APIL) established in 1992 is the Indian arm of the France-based multinational company, Alstom. Alstom Projects India deals with manufacture of power supply generation equipment and rail equipment. In India, the company's manufacturing facilities are located at Coimbatore, Shahabad, Durgapur and Vadodara. The company employs 3500 people in the country. It has 6 engineering centres situated at 4 locations. APIL also has three sales

Alstom India previously known as Alstom Projects India (APIL) established in 1992 is the Indian arm of the France-based multinational company, Alstom. Alstom Projects India deals with manufacture of power supply generation equipment and rail equipment. In India, the company's manufacturing facilities are located at Coimbatore, Shahabad, Durgapur and Vadodara. The company employs 3500 people in the country. It has 6 engineering centres situated at 4 locations. APIL also has three sales offices.

Alstom has been associated with India’s progress for over a century and has been a part of the country’s economic history. As new economic reforms shape a globally resurgent India, Alstom helps to provide the country the much-needed technological expertise. With a strong focus and commitment dovetailed with a passion for excellence, Alstom looks forward to contributing to India’s future growth.

Alstom in India has full capabilities in engineering, manufacturing, project management and supply of power generation equipment. It also has a significant presence in the transport sector in India providing railway equipment and technology solutions. Alstom combines local presence and knowledge with global resources to deliver world-class services and solutions that meet each project’s needs.

Alstom has supplied more than 25% of the world's installed power generation capacity. In equipment and services for the rail transport sector, Alstom is the pioneer and undisputed leader in very high-speed trains, and is developing state-of-the-art solutions for urban transport systems. They set the benchmark for innovative, environmentally friendly technologies in the world of power and rail transport infrastructure. Their engineers built the fastest train and the highest capacity automated metro in the world. They provide turnkey integrated power plant solutions and associated services for a wide variety of energy sources, including hydro, gas and coal.

Business Activities of the company:

Power Generation:

Alstom offers a comprehensive capability, possessing the broadest range of power generation systems, equipment and services in the industry. Their customers enjoy the maximum number of options, plus the most economical, environmentally friendly and advanced technologies.

Products

  • Combined Cycle Plants 
  • Conventional Steam Power Plants
  • Hydro Power Plants 
  • Steam Cycle add-ons
  • Nuclear Conventional Island
  • Repowering and Rehabilitaion
  • Electrical & Control Systems

Power Service:The company provides the most complete range of power generation services and equipment worldwide, from repair, performance improvement, lifetime extension services, on-site field services to full-operation and maintenance solutions.

Rail Transport:In rail vehicles, our TGV high speed trains race through 8 European countries daily. Their regional trains, metros, freight vehicles can be found on every continent. Their trams are our latest success: over 350 have been ordered for cities as diverse as Rotterdam and Melbourne.

The Coimbatore manufacturing activities were established in 1999 to manufacture a range of traction and signalling equipment to supply the Indian market. The factory is ISO 2000 and 14001 certified and is located in an industrial area with access to component suppliers. The Bangalore Engineering team is currently providing application engineering for a number of ALSTOM signalling projects in Europe and Asia. 

Strategic Partnerships in India:

  • NTPC - ALSTOM Power Services Limited (NASL) - 1999
  • ALSTOM - BHEL Partnership agreement on large Super Critical Boilers - 2005
  • ALSTOM partners with Infosys to set up R&D centre in Bengaluru - 2005

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

Puchho Befikar
SEBI Registered: Investment Adviser - INA000013323

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