CG Power and Industrial Solutions Ltd - Stock Valuation and Financial Performance

BSE: 500093 | NSE: CGPOWER | Electric Equipment | Large Cap

CG Power & Indl.Soln Share Price

658.15 -26.40 -3.86%
as on 21-Jan'25 16:59

DeciZen - make an informed investing decision on CG Power & Indl.Soln

Overall Rating
Bole Toh

1. Quality

2. Valuation

Overvalued

3. Price Trend

CG Power and Industrial Solutions stock performance -

P/E Ratio (CD):
72.52
Market Cap:
1,04,655.7 Cr.
52-wk low:
415.1
52-wk high:
874.5

Is CG Power and Industrial Solutions Ltd an attractive stock to invest in?

1. Is CG Power and Industrial Solutions Ltd a good quality company?

Past 10 year's financial track record analysis by Moneyworks4me indicates that CG Power and Industrial Solutions Ltd is a average quality company.

2. Is CG Power and Industrial Solutions Ltd undervalued or overvalued?

The key valuation ratios of CG Power and Industrial Solutions Ltd's currently when compared to its past seem to suggest it is in the Overvalued zone.

3. Is CG Power and Industrial Solutions Ltd a good buy now?

The Price Trend analysis by MoneyWorks4Me indicates it is Weak which suggest that the price of CG Power and Industrial Solutions Ltd is likely to Fall in the short term. However, please check the rating on Quality and Valuation before investing.

10 Year X-Ray of CG Power & Indl.Soln:

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.
CG Power and Industrial Solutions 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'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24TTM
ROCE % 7.4%4.2%5%-2.4%-0.5%-33.5%150.8%60.9%65.5%48.9%-
Value Creation
Index
-0.5-0.7-0.6-1.2-1.0NA10.24.44.83.3-

Growth Parameters

Growth Parameters Colour Code Guide

Sales 5,5055,2695,5178,0317,9985,1102,9645,4846,9738,0468,811
Sales YoY Gr.--4.3%4.7%45.6%-0.4%-36.1%-42%85%27.2%15.4%-
Adj EPS 4.7-1.22-11.3-6.5-21.81.13.555.59.4
YoY Gr.--125.4%NA-669.9%NANANA220.9%40.5%10.5%-
BVPS (₹) 68.673.265.54634-31.5-0.96.811.719.623.1
Adj Net
Profit
291-73.9125-711-405-1,3681475097578371,443
Cash Flow from Ops. -672-60.8-540380811692-242483947397-
Debt/CF from Ops. -3.1-25.2-2.8844-6.10.700-

CAGR

CAGR Colour Code Guide

9 Years 5 Years 3 Years 1 Years
Sales 4.3%0.1%39.5%15.4%
Adj EPS 1.8%NA70.8%10.5%
BVPS-13%-10.4%NA67.8%
Share Price 13% 141.6% 55.1% 45.2%

Key Financial Parameters

Performance Ratio Colour Code Guide

Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24TTM
Return on
Equity %
7.3-1.72.9-20.4-16.2-1722.1-14.3110.954.234.844.3
Op. Profit
Mgn %
9.38.281.55.12.23.911.814.414.213.2
Net Profit
Mgn %
5.3-1.42.3-8.8-5.1-26.94.49.310.910.416.4
Debt to
Equity
0.50.30.41.11.5-1.4-120.4000
Working Cap
Days
37230324226634232520612011111587
Cash Conv.
Cycle
15010976695212-347273535

Recent Performance Summary

Sales growth is growing at healthy rate in last 3 years 39.50%

Net Profit is growing at healthy rate in last 3 years 70.79%

Sales growth is good in last 4 quarters at 16.87%

Return on Equity has declined versus last 3 years average to 44.20%

Latest Financials - CG Power and Industrial Solutions Ltd.

Standalone Consolidated
TTM EPS (₹) 6 9.4
TTM Sales (₹ Cr.) 8,320 8,811
BVPS (₹.) 24.4 23.1
Reserves (₹ Cr.) 3,428 3,219
P/BV 28.03 29.69
PE 114.78 72.52
From the Market
52 Week Low / High (₹) 415.10 / 874.50
All Time Low / High (₹) 1.35 / 874.50
Market Cap (₹ Cr.) 1,04,656
Equity (₹ Cr.) 305.8
Face Value (₹) 2
Industry PE 83.8

Quarterly Results

 Dec'23 YoY Gr. Rt. %Mar'24 YoY Gr. Rt. %Jun'24 YoY Gr. Rt. %Sep'24 YoY Gr. Rt. %
Sales (₹ Cr.) 1,979 12.92,192 15.22,228 18.92,413 20.5
Adj EPS (₹) 1.3 -7.21.6 -3.71.6 22.51.5 -1.4
Op. Profit Mgn % 13.18 -263 bps12.95 -152 bps14.68 52 bps12.21 -321 bps
Net Profit Mgn % 9.94 -215 bps10.86 -211 bps10.83 34 bps9.10 -213 bps

Management X-Ray of CG Power & Indl.Soln:

Shareholding Pattern

JavaScript chart by amCharts 3.21.5
JavaScript chart by amCharts 3.21.5Promoters:58.07%Institutions:26.02%Non-Institutions:15.91%

Promoter's Holding & Share Pledging

JavaScript chart by amCharts 3.21.5Jun22Sep22Dec22Mar23Jun23Sep23Dec23Mar24Jun24Sep240%10%20%30%40%50%60%
Pledged *87.7487.7487.740.000.000.000.000.000.000.00
* Pledged shares as % of Promoter's holding (%)

Valuation of CG Power & Indl.Soln

MRP
spaceLock icon
MOS
spaceLock icon%
DP
spaceLock icon
Base EPS
spaceLock icon
DPS
spaceLock icon
MRP: ₹ 0
DP: ₹0
Base EPS ₹:
DPS ₹:
MOS (%):
Expected EPS Growth Rate:
0%
Base 0%
50%
Expected Rate of Return:
0%
Base 0%
50%
Future PE:
0
Base 0
200
YTD 1Y 3Y 5Y 10Y Max
YTD 1Y 3Y 5Y 10Y Max
YTD 1Y 3Y 5Y 10Y Max
YTD 1Y 3Y 5Y 10Y Max

Event Update

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Analyst's Notes

CG Power: Final blow in governance issues - 28 Aug 2019

We are removing CG Power & Industrial Solutions from coverage due to complicated business, variety of related party transactions and tough to resolve business operations. We recommend SELL.

About the company

CG Power is into power and industrial solutions. CG Power was one of the best performers stock in 2003-2010 which benefitted from tailwind in capacity expansion across the country. Later it expanded operations in EU markets. The financials deteriorated due to slowdown in foreign markets. 

Our Opinion

We were passively tracking CG power as the company was reviving its European operations and showing intention to reduce debt. We were giving the company benefit of doubt that it may revive once domestic capex cycle kickstarts.

However, there are more governance issues coming to light. Recent reports by board investigation suggests that there were many lapses in governance, transactions and accounting practices.

Currently the board has indicated that they will liquidate non-core assets, sell off overseas subsidiaries and restructure existing operations to bring back profitability. We expect new management to be reinstated under current board of directors. 

We were cautious on the company as there were apprehensions over the management’s decision making wherein they had bought aircraft in 2011, pursued aggressive acquisition abroad from 2006-10 and in 2016 the promoters sold out their entire stake in consumer durable business – high ROE business model. These new negative developments haven’t been a surprise.

Valuation

Because the domestic business is good, we tried to study standalone entity if there is value and what it amounts to at enterprise level. We found that there are too many complications in terms of related party transactions, equity dilution, etc. We concluded that there is a long winter before the company revives. We recommend SELL and removing the stock from coverage from 31st August.

P.S. CG Power, erstwhile Crompton Greaves Limited, demerged consumer goods company Crompton Greaves Consumer Electricals in Mar-16 along with brand Crompton Greaves. It is one of the leaders in fans and lightening. Consumer durables business is well run and held by a private equity player. CGCE has no impact from above the company’s woes.

Crompton Greaves: Update on Sale of Overseas Business - 28 Mar 2016

Sale of overseas power subsidiaries: Crompton Greaves Ltd. has sold its loss making (for the past five years) overseas power business to First Reserve international, a US based private equity firm, for an enterprise value of Rs. 850 Cr. (Euro 115 million) on a debt free, cash free basis. Sales will include T&D business of Indonesia, US, Hungary, France, Belgium and Ireland. The Systems business in Brazil, US and UK are not part of the sale agreement. Crompton Greaves expects to sign the share purchase agreement within the next one month and to close the deal over the next six months. The CG management has indicated its intent to refocus on the Indian power and industrial business post this sale.

Will also sell Systems business: CG’s systems business too has suffered heavy losses of Rs. 200 Cr in FY15.  While the Brazil business has already been shut down, the company will sell off the US business in a months’ time and will close down the UK Systems business by June-July, 2016. The UK systems business is likely to incur an additional Rs 180 – 200 Cr (EUR2.5-3m) of losses each quarter till the time it is closed down.

Will retains Drive business and sell-off Automation business: Crompton will retain its drives business. Drives business currently has revenue of Rs. 300 cr (EUR40m) and operating margin of 8-9%. Its automation business (ZIV) with revenue of Rs 740 Cr (EUR100m) will be sold off by the end of FY17.

Deal helps repay debt and save money: CG will initially receive Rs 620 Cr (Euro 84 million) on closure of the deal and will earn the remaining Rs 230 Cr (Euro 30 million) over the next 12-18 months. The deal allows CG to save Rs 500 Cr annually and helps it pare down debt. On a consolidated basis, Crompton Greaves has gross debt of Rs 1600 Cr and net debt of Rs 900 Cr. Rs 620 Cr of debt will be paid off as part of the deal and the working capital loans of Rs 280 Cr will be paid off using the deal’s balance payment.

Possible write-off: Crompton Greaves has provided loans of Rs. 1200 Cr to its foreign subsidiaries to support business operations. This entire amount may need to be written off against the reserves in the company.

What should investors do?

We assume a five year sales CAGR of 9% with EBITDA margins of 9-10%. Assuming a free cash flow yield of 10x, we value Crompton Greaves (ex-sales and demerger) at Rs. 50. Our DCF analysis yields similar results.

We would like to buy the company at a good discount, giving the uncertainty around the business. Assuming a 30% margin of safety, we arrive at a discount price of Rs. 35.

We will update our users on the consumer business (now Crompton Greaves Electricals Ltd.) separately.

Crompton Greaves: Spin off ex-date - 16 Mar 2016

Crompton Greaves shares traded ex-date post spin off on 15th March 2016 (http://tinyurl.com/hlgzyfl). Crompton Greaves Ltd. will be operational in industrials and power business segments. Shareholders of Crompton  Greaves Ltd. will be awarded one share of Crompton Greaves Consumer electronics for every share held in Crompton Greaves Ltd.

Shares of Crompton Greaves Consumer Electronics will be listed on the exchange in the month of April. We will revalue two different companies and inform our valuation at the earliest.

Crompton Greaves: Update on possible promoter stake sale - 14 Mar 2014

On 1st February 2013, we issued an Analyst note on Crompton Greaves, asking investors with high risk appetite to buy the stock of the company. Subsequently, on 16 July 2013, during Crompton’s buy back offer, we had asked high risk appetite investors to stay invested for long term capital appreciation.


What should investors watch out for now?
 

Promoters selling their controlling stake (42.7%) to an overseas investor:

There is speculation that Group Chairman, Mr. Gautam Thapar wants to sell his controlling stake in Crompton Greaves to an overseas investor.

This may be extremely good for the company if big established power players with greater technological expertise buy into the company. This may also trigger an open offer in the CG stock at higher valuations.

While the direction will only be clear in the coming 3-4 months, the events unfolding in the run-up need to be watched closely.

What should investors do?

We currently advise investors to stay invested in the company, even though the CMP is above our MRP. This is because a positive direction in the events leading to the sale of the company could lead to a rerating of the stock as well as a change in our valuations.

However, investors need to be aware that the company’s stock price will witness higher volatility in this period. Chances of a rerating will be higher if a multi-national power company buys into CG. However, if an Indian company like L&T buys into CG we do not expect a significant rerating of the stock.

Crompton Greaves-Update on the Buy Back offer - 16 Jul 2013

Crompton Greaves Ltd. has announced a ‘Buy Back’ offer for its shares for a maximum price of about Rs. 125, which amounts to a maximum value of Rs. 265.7 Cr. On successful completion of buy back, the equity shares would decline by 3.4% at higher end and ~5% at CMP of Rs. 87. The promoter holding would increase from 41.7% to ~43.1% at maximum price.

Procedure: The Company will buy back shares from the open market through stock exchanges. Basically, this means that investors will have to sell their shares as they normally do through their broker when the desired price is reached.

As per the new norms on buy back offers, CGL has to complete the buy back within six months from the opening date, i.e. 16 July, 2013 and it will have to buy back shares worth at least 50% of the amount earmarked for the buy back.

Business Outlook

Stabilising overseas business

The company’s international business has suffered significantly in the past two years due to client deferrals on final deliveries, high costs, pricing pressures etc. The company, thus, underwent a restructuring exercise for its overseas business. As a part of which, the company has shifted its power transformer restructuring capacity from Belgium to Hungary, to take advantage of the lower manpower cost. The exercise is expected to result in savings of Rs. 100 Cr. per annum.

Improving order book to give boost to revenue

The company has a healthy order book of Rs. 10,544 Cr. as of end FY 13, thus, giving a strong revenue visibility. Order received grew at a healthy rate of 32% in the 4th quarter of FY 13.

Margins recovery to be the key growth driver

The company enjoyed very high margins till FY 11. We saw a sudden fall in margins, both domestic and international, post change in management. Going ahead, recovery in power systems margins will be the key valuation driver. While cost savings after restructuring are expected to result in margin improvement of 3-4%, this still remains way below expectations. A further improvement in margin could be seen if there is a pricing improvement across the sector. However, this remains highly uncertain given the existing pricing pressures due to high competition.

Concern over high percentage of pledged shares

The percentage of pledged shares has gone up dramatically in the last four quarters. As of FY 13 ~61% of the promoter holding was pledged, which remains a cause for high concern.

What should investors do?

On the core business front, the company remains to be strong. The company has a strong revenue visibility with an order book of around Rs. 10,000 Cr., a 9% increase over previous year. However, we expect the profit margins to remain subdued in the medium term.

Pledged shares continue to remain a worry. The management has pledged almost 60% of its shares. Also, past issues like very high auditor fees and buying and selling of an aircraft put a considerable doubt over management quality.

While a margin improvement will lead to considerable improvement in the performance of the company, the scenario remains highly risky.

We expect the EPS to grow at 20% CAGR in the next five years and feel the company is fairly valued at 17 times its EPS, arriving at a fair value of Rs. 131.

We, thus, feel the current buy back offer of the company gives a good exit route to the investors.

We advise investors to sell their shares in the range of Rs. 120-125. However, the caveat remains that since the company is going to buy back shares through the stock exchanges, investors will have to wait for the desired price to be reached before selling the stock. Since the buyback is for a small percentage as compared to its current market cap (~5%), there is a chance that the stock may not run up to the maximum buy back price levels.

Investors should thus at their own discretion exit the stock on short term rallies and invest the money in better capital good plays. They can re-enter Crompton Greaves once the structural problems in the company are addressed.

Also, investors with high risk apetite can continue to stay invested for long term capital appreciation.

Crompton Greaves - Q3 FY13 update - 01 Feb 2013

Crompton Greaves Q3 update:

On a consolidated basis, the company’s sales declined by 1.85%, however it reported a net loss of Rs. 189 Cr. This includes many one offs. Losses include onetime restructuring costs of its international business. Revenues were affected due to 20 day shutdown in its Nashik factory plus a large order deferment by GIS.  Given below are the key takeaways:

1. International business to stabilize post restructuring: Since, June 12 the company had embarked on shifting production from its Belgium Factory to Hungary(low cost location). This has now been completed and the costs have been completely booked. It is expected to result in annual savings to the tune of Rs. 100 Crs. given lower employee and operating costs. Also, management has indicated there will be no incremental costs related to restructuring and all costs have been provided for.

Regarding, Hungary operations, the expanded facility is expected to stabilize in 1-2 quarters with key focus on customers picking up deliveries.

The management will now focus on improving quality of its international products where it faces 23% rejection rate vs 0% in India.

2. Strong order book growth: For 9M ended FY13, the company’s order book has grown by 14%. However, the growth is slower as compared to last year. We expect the order growth to pick up on improving macro scenario. This could further improve once the capex cycle in India picks up.

3. Domestic Power business: Domestic power business revenues declined on back of-
a. Explosion in Nashik plant leading to 20 days loss in production
b. Deferment of a GIS project
c. Delay in execution of an export order

Though orders from PGCIL have improved this quarter, managements expects weak outlook due to decline in ordering and rising competition

4. Industrial business – margins stable; growth to recover: Margins have remained stable over the past few quarters. We expect margins to remain stable going ahead. Also, management expects growth to recover on back of demand from segment like Railways. The management is working to improve efficiencies in order to improve profits. This along with revenue growth will help company grow its earnings.

5. Consumer business – Momentum continues: Revived revenue growth is a huge positive. The company has also been restructuring this business in consultation with BCG. It plans to expand its reach in India from 40% to 60% and focus on new products like LED and consumer appliances. Though margins were down this quarter, the company expects to maintain margins going ahead.

Continued demand in this segment, will help support company’s growth in future.

What should investors do?
 

Upside triggers for the company include improving capex investment climate in India, reforms for power sector & international operations stabilising. A further fall could be triggered by continued losses in international subsidiaries, poor margins, any further restructuring costs and questions over management integrity.

Despite being currently below DP, we have not generated any trigger, in anticipation that prices may remain subdued for some time ahead. However, investors with a high risk appetite can start buying into the stock in tranches over the next 1 year.

Key Ratios of CG Power & Indl.Soln

Adj EPS (Rs.)

Sales (Cr.)

ROE (%)

ROCE (%)

Company Name CMP(₹)
Change ₹(%)
Market Cap
Net Sales (₹ Cr.)
Latest EPS (₹)
Net Profit Margin %
Latest P/E
Latest P/BV
Siemens 5,922.3 -215.5 (-3.5%) Large Cap 20,497 74.8 12 82 14.3
Havells India 1,576.7 -23.9 (-1.5%) Large Cap 18,550 22.6 6.7 70.9 12.4
ABB India 6,279.6 -243.1 (-3.7%) Large Cap 10,447 79.7 12.2 81.9 20.4
CG Power & Indl.Soln 658.2 -26.4 (-3.9%) Large Cap 8,046 9.4 10.4 72.5 29.7

Profit And Loss

(All Figures are in Crores.)
PARTICULARSMar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24
Sales5,5055,2695,5178,0317,9985,1102,9645,4846,9738,046
Operating Expenses 5,0444,8385,0747,9137,6845,0722,8484,8375,9676,904
Manufacturing Costs451354396517506289164245288327
Material Costs3,4293,4213,6535,2455,1983,3281,9743,9024,8565,552
Employee Cost 6695595131,0811,063867372365422508
Other Costs 4955045121,070917588337325402517
Operating Profit 462430442118314381166471,0051,142
Operating Profit Margin (%) 8.4%8.2%8.0%1.5%3.9%0.7%3.9%11.8%14.4%14.2%
Other Income 931116813351481113868106
Interest 10580186426432365206822817
Depreciation 245172143252225211138999595
Exceptional Items 150-111-73-135-167-9091,5442485221
Profit Before Tax 357180107-564-459-1,4001,4277521,0021,158
Tax -10672810233-76148122206287
Profit After Tax 36711379-665-492-1,3241,280630796871
PAT Margin (%) 6.7%2.2%1.4%-8.3%-6.1%-25.9%43.2%11.5%11.4%10.8%
Adjusted EPS (₹)0.4-7.3-7.8-11.5-8.0-21.19.76.36.39.3
Dividend Payout Ratio (%)214%0%0%0%0%0%0%0%24%14%

Balance Sheet

(All Figures are in Crores.)
PARTICULARSMar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24

Equity and Liabilities

Shareholders Fund 4,2984,5894,1032,8832,131-1,972-1229831,7842,996
Share Capital 125125125125125125268288305305
Reserves 4,1724,4643,9772,7572,005-2,097-3906951,4792,691
Minority Interest10883955160111
Debt1,9351,2911,2142,7372,7301,65496430700
Long Term Debt1,2775995041,4951,44858783630700
Short Term Debt6576927111,2431,2831,067128000
Trade Payables2,0551,3031,3831,8702,3141,3021,0351,1491,2441,484
Others Liabilities 3,4633,7583,4533,2813,0812,7711,7871,1601,205988
Total Liabilities 11,76010,94910,16110,81110,3113,7713,6643,6004,2355,469

Fixed Assets

Gross Block7,0034,2413,0773,5433,3372,6312,2432,1562,0212,196
Accumulated Depreciation2,8761,6541,3731,1781,2871,1421,0971,0741,0501,137
Net Fixed Assets4,1272,5881,7052,3652,0501,4891,1461,0819711,059
CWIP 104906185912820353894
Investments 43623120927913022411588
Inventories1,3005858821,2261,193384428512541751
Trade Receivables3,0882,0771,8772,4001,6965225879441,2971,534
Cash Equivalents 683797761427271242534488705854
Others Assets2,0224,5814,6664,0294,8801,103947498682589
Total Assets 11,76010,94910,16110,81110,3113,7713,6643,6004,2355,469

Cash Flow

(All Figures are in Crores.)
PARTICULARSMar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24
Cash Flow From Operating Activity -672-61-540380811692-242483947397
PBT 357180107-564-459-1,4001,4277521,0021,158
Adjustment 2491254348088171,508-1,152-9417-4
Changes in Working Capital -1097122-503189441623-501-236-71-748
Tax Paid -247-124-86-61-38-19-440-12-3
Cash Flow From Investing Activity 429432497-1,031-745-107-48227-21-662
Capex 135353-52-177-129-43-15-70-82-223
Net Investments -137209-2429000-9742-563
Others 430-130550-1,283-616-64-3339319124
Cash Flow From Financing Activity 157-22250514-213-528590-800-612-246
Net Proceeds from Shares 00000066457563
Net Proceeds from Borrowing -88-29347234860-340160-522-3160
Interest Paid -143-84-182-380-360-191-35-49-10-1
Dividend Paid -750000000-229-199
Others 464155-239546873-199-287-113-50
Net Cash Flow -871497-138-14757299-91315-512
PARTICULARSMar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24
Ratios
ROE (%)9.282.551.81-19.05-19.61N/AN/A146.357.5536.44
ROCE (%)7.444.164.99-2.38-0.47N/AN/A60.9465.5148.88
Asset Turnover Ratio0.520.490.560.780.760.730.811.521.791.68
PAT to CFO Conversion(x)-1.83-0.54-6.84N/AN/AN/A-0.190.771.190.46
Working Capital Days
Receivable Days21016812296937968515863
Inventory Days94614547555650312729
Payable Days227166127104136190215917070

CG Power and Industrial Solutions Ltd Stock News

CG Power and Industrial Solutions Ltd FAQs

Company share prices are keep on changing according to the market conditions. The closing price of CG Power & Indl.Soln on 21-Jan-2025 16:59 is ₹658.1.
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 21-Jan-2025 16:59 the market cap of CG Power & Indl.Soln stood at ₹1,04,655.7.
The latest P/E ratio of CG Power & Indl.Soln as of 21-Jan-2025 16:59 is 114.8.
The latest P/B ratio of CG Power & Indl.Soln as of 21-Jan-2025 16:59 is 28.03.
The 52-week high of CG Power & Indl.Soln is ₹874.5 and the 52-week low is ₹415.1.
The TTM revenue is Trailing Twelve Months sales. The TTM revenue/sales of CG Power & Indl.Soln is ₹8,320 ( Cr.) .

About CG Power and Industrial Solutions Ltd

Crompton Greaves was established in 1937; is a flagship company of the $3 bn Avantha Group. It was earlier known as Crompton Parkinson Works.

CGL is engaged in designing, manufacturing and marketing electrical products and services related to power generation, transmission and distribution. The company ventures into three business groups such as power systems, industrial systems, and consumer products.

Crompton Greaves exports it wide range of products to over 60 countries across globe. In transformer business the company is a market leader and commands a market share of 18%.

In India the company has 22 manufacturing divisions spread across in Gujarat, Maharashtra, Goa, Madhya Pradesh and Karnataka along with this it has marketing and service network of 14 branches across various states. It has four regional sales offices located in Delhi, Kolkata, Mumbai and Chennai.

It has a large customer base, which includes State Electricity Boards, Government bodies and large companies in private and public sectors.

Crompton Greaves concluded an agreement with Nelco on April 2010, to acquire its traction electronics, SCADA and industrial drives businesses, on a slump sale basis. The value of the acquisition was about Rs 92 crore and this acquisition enabled the company to become a stronger and more comprehensive player in the railways business segment and build capabilities in drives by better leveraging on its existing product portfolio.

In June 2010 it has set up a new transformer manufacturing facility in Washington, Missouri, U.S.A. with an initial investment of $20 million through its subsidiary CG Power Systems USA.

It received Scheme of Amalgamation with Brook Crompton Greaves (BGCL), a wholly owned subsidiary of the company on July 2010

In August 2010 Crompton Greaves, through its subsidiary CG Holdings Belgium NV, has entered into one more definitive Memorandum of Undertaking with the EIC Group, headquartered in Saudi Arabia, for establishing a second Joint Venture (JV) Company in order for consolidating its business presence in the EPC segment in Middle East countries.

In September 2010 Crompton Greaves has entered into a Joint Venture (JV) pact with Spain headquartered -- ZIV Aplicaciones y Tecnologia, S.L (ZIV) -- to establish a JV Company in India, for the manufacture of Substation Automation Systems for Substations in EHV and UHV range, including protective relays, differential relays, bay control units, bus-bar systems, substation units, etc.

In November 2010 Crompton Greaves power products firm, part of the $4 billion Avantha Group, has won the CII-EXIM Bank 2010 awards for business excellence. The awards were distributed on the inaugural day of the three day National Quality Summit 2010, organized by Confederation of Indian Industry CII.The awards are given to companies in manufacturing and services sector in recognition of highest quality measured across various parameters by the CII and Export Import (EXIM) Bank.

In January 2011, directors approved a Scheme of Amalgamation of CG Capital & Investments Limited (a wholly owned subsidiary) with Crompton Greaves Limited. The amalgamation will be effective from April 01, 2010 (Appointed Date), subject to receipt of all Regulatory approvals.

Products

Power Systems- Under this it manufactures transformers, switchgears and power quality products like harmonic filters, power quality monitors, transient suppressors, current limiting reactors and reactive power compensation systems. It also offers power quality services such as audits, system design, consulting etc. It also undertakes engineering projects providing total solution for power transmission and distribution.

Industrial systems- Under this segment it manufactures and markets wide range of electric motors such as Fractional Horse Power Motors, LT Motors, HT Motors, DC Machines, Stampings, Traction Motors and Alternators, Electrical Control Panels for diesel electric locomotives and Railway Signaling Products.

Consumer Products- It manufactures consumer products such as fans, lamps, pumps and a range of electrical appliances such irons, mixers, etc.

It also manufactures telecom solutions such as switching, transmission and access products for telecommunications network and information technology services.

Milestones

It was first company to introduce an under light ceiling fan in the year 1989.

It was first to introduce 12 inch wall fan in high speed.

The company’s research and development and quality division has been certified to ISO 27001:2005 by UL India.

Its industrial transformer division located at Malanpur is amongst the few units in India, to have been accredited both ISO 14001 and OHSAS 18001, certification for occupational health and safety management system.

2010
- Crompton Greaves Ltd has entered into a Joint Venture Agreement with ZIV Aplicaciones y Tecnologia, S.L (ZIV)., headquartered in Spain, for establishing a Joint Venture Company in India, for the manufacture of Substation Automation Systems for Substations in EHV and UHV range, including protective relays, differential relays, bay control units, bus-bar systems, substation units, etc
2011
- Company has been awarded a contract as franchisee of Maharashtra State Electricity Distribution Company Ltd. for power distribution in Jalgaon Circle in Maharashtra for a period of 10 Years.
- CG acquires New Jersey based QEI Inc.
- Crompton Greaves Ltd acquires Sweden based Emotron Group.
2012
- Crompton Greaves Acquires leader in smart Grid Automation : ZIV Group.


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