CG Power & Industrial Solutions Limited
CG Power & Industrial Solutions is a global enterprise providing end-to-end solutions to utilities, industries and consumers for the management and application of efficient and sustainable electrical energy. It offers products, services and solutions in two main business segments, viz. Power Systems and Industrial Systems.
Key Business segments
1. Industrial Systems (64% in FY25 vs 71% in FY23): The Industrial Business is engaged in the production of power conversion equipment, including motors and generators ranging from 25 MW to 100 MW, drives up to 3 MW.
2. Power Systems (35% in FY25 vs 29% in FY23): The power business manufactures a wide range of power and distribution transformers, extra high voltage (EHV) and medium voltage (MV) circuit breakers, switchgears, EHV instrument transformers, lightning arresters, isolators, and vacuum interrupters.
Shareholding Pattern
-PUBLIC GROUP
-PROMOTER GROUP
Financial Summary
| Particulars | Mar-23 | Mar-24 | Mar-25 |
| Sales | 6,973 | 8,046 | 9,909 |
| Sales Growth % | 27.15% | 15.40% | 23.15% |
| Expenses | 5,967 | 6,904 | 8,604 |
| Operating Profit | 1,005 | 1,142 | 1,305 |
| OPM % | 14% | 14% | 13% |
| Net Profit | 963 | 1,428 | 973 |
| EPS in Rs | 6.3 | 9.34 | 6.37 |
Synopsis of Financials
- Stand-alone sales for Q3 FY ’25 reached ₹2,389 crores, reflecting a 28% year-over-year growth.
- Order intake was ₹3,636 crores, marking a 61% year-over-year increase, the highest for the quarter ever.
- Order backlog stood robust at ₹8,952 crores, indicating an upward trajectory.
- Profit Before Tax (PBT) before other income was ₹306 crores.
Final Outlook
2022–23 financial year had a profit growth of around 40%, and for 2023–24, profits rose by 33%, indicating strong and consistent financial performance and expansion in core operations.
Subsidiaries and associate companies of CG Power have contributed significantly to revenue and margin improvements, while the standalone performance saw a decline of nearly 38% from November 2024, reflecting temporary market corrections or profit booking phases.
CG Power has benefited from large-scale infrastructure and industrial automation demand, with a robust order book that includes government and private sector projects in energy, railways, and automation systems.
CG Power has shown exceptional long-term performance with a high CAGR and multi-bagger returns over the last five years. Given its strong order book and position in the industrial and energy infrastructure segment, the stock is expected to deliver consistent value to investors over the next 3–5 years.
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