CG POWER & INDUSTRIAL SOLUTIONS LTD.
CG Power has manufacturing facilities across India and an international presence in Europe, the Middle East, and North America through its overseas subsidiaries and export operations. The company exports products to multiple global markets and continues expanding its global footprint.
In recent years, the company has undergone a significant turnaround under the Murugappa Group, improving operational efficiency, profitability, balance sheet strength, and corporate governance standards. The company is also entering the semiconductor industry through its subsidiary CG Semi Pvt. Ltd., focusing on Outsourced Semiconductor Assembly and Testing (OSAT) facilities in India.
Key Business segments
CG Power & Industrial Solutions Ltd operates mainly across the following key business segments:
- Industrial Systems: 54.3%
- Power Systems: 41.4%
- Semiconductor Busines: 4.0%
- Others: 0.3%
Shareholding Pattern (March 2026)
Financial Summary
| Particulars | Mar 2024 | Mar 2025 | Mar 2026 |
| Sales – | 8,046 | 9,909 | 12,418 |
| Sales Growth | 15.40% | 23.15% | 25.32% |
| Expenses + | 6,904 | 8,589 | 10,793 |
| Operating Profit | 1,142 | 1,319 | 1,625 |
| OPM % | 14% | 13% | 13% |
| Tax % | 17% | 28% | 26% |
| Net Profit + | 1,428 | 973 | 1,199 |
| EPS in Rs | 9.34 | 6.37 | 7.66 |
Final Outlook
CG Power & Industrial Solutions Ltd entered FY27 with strong financial momentum supported by robust execution across power infrastructure, industrial systems, and emerging semiconductor operations. The company reported consolidated revenue from operations of ₹12,418 Cr in FY26 compared to ₹9,909 Cr in FY25, registering approximately 25% YoY growth. Profit After Tax (PAT) increased to ₹1,199 Cr from ₹973 Cr, reflecting continued operational efficiency and improving business mix. Earnings Per Share (EPS) improved to ₹7.72 from ₹6.38 in the previous year.
The Industrial Systems segment remained the largest contributor with revenue of ₹6,747 Cr, accounting for 54.3% of total revenue. The Power Systems segment generated ₹5,138 Cr, contributing 41.4%, supported by strong demand in transformers, switchgears, railway electrification, and transmission projects. The newly developed Semiconductor Business contributed ₹503 Cr, representing around 4% of total revenue, highlighting the company’s strategic diversification into high-growth technology manufacturing.
The company strengthened its balance sheet during FY26 through a successful ₹3,000 Cr Qualified Institutional Placement (QIP). Net worth increased significantly to ₹8,198 Cr, while the company maintained a low-debt financial structure and healthy liquidity position. Operating cash flow remained positive at ₹702 Cr, despite substantial investments in semiconductor facilities, manufacturing expansion, and capacity enhancement projects.
Management remains optimistic about long-term growth opportunities driven by India’s rising power demand, renewable energy integration, railway modernization, industrial automation, and government focus on domestic semiconductor manufacturing. Increasing infrastructure investments and strong order inflows are expected to support future revenue visibility and margin expansion.
Overall, CG Power is financially strong and strategically positioned to sustain long-term growth through diversified business operations, improving profitability, and expansion into high-value technology sectors.
