Is GE Vernova T&D India a good quality company?

Past 10 year's financial track record analysis by Moneyworks4me indicates that GE Vernova T&D India Ltd is a average quality company .

Is GE Vernova T&D India undervalued or overvalued?

The key valuation ratios of GE Vernova T&D India Ltd's currently when compared to its past seem to suggest it is in the Overvalued zone .

What is GE Vernova T&D India share price return in the past 10 years?

GE Vernova T&D India Ltd share price has appreciated 16.8% annually (CAGR) over the past ten years.

Is GE Vernova T&D India a good buy now?

The Price Trend analysis by MoneyWorks4Me indicates it is Semi Strong which suggest that the price of GE Vernova T&D India Ltd is likely to Rise-somewhat in the short term. However, please check the rating on Quality and Valuation before investing.

GE Vernova T&D India Ltd - Stock Valuation and Financial Performance

Name: GE Vernova T&D India
Brand: GE Vernova T&D India

BSE: 522275 | NSE: GVT&D | Electric Equipment | Mid Cap

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GE Vernova T&D India Share Price

₹1,769.85 29.30 1.68%
as on 07-Nov'24 00:00

10 Year X-Ray of GE Vernova T&D India:

Analysis of Financial Track Record

Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end

Standalone Basis ^P Consolidated Basis

Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end

Value Creation ⓘ

Value Creation Index Colour Code Guide ⓘ

	Mar'15	Mar'16	Mar'17	Mar'18	Mar'19	Mar'20	Mar'21	Mar'22	Mar'23	Mar'24	TTM
ROCE % ⓘ	15.7%	10%	6.8%	29.9%	30%	-17.6%	12.1%	-0.8%	7%	24%	-
Value Creation Index ⓘ	0.2	-0.3	-0.5	1.2	1.2	-2.3	-0.1	-1.1	-0.5	1.1	-
Growth Parameters ⓘ Growth Parameters Colour Code Guide ⓘ
Sales ⓘ	3,711	3,303	4,052	4,332	4,219	3,159	3,452	3,066	2,773	3,168	3,409
Sales YoY Gr.	-	-11%	22.7%	6.9%	-2.6%	-25.1%	9.3%	-11.2%	-9.6%	14.2%	-
Adj EPS ⓘ	5.7	1.7	-1.8	7.9	8.8	-9.6	1.5	-5.5	0.9	7.2	11.2
YoY Gr.	-	-69.4%	-202.3%	NA	12.3%	-208.7%	NA	-476%	NA	722.7%	-
BVPS (₹) ⓘ	51.2	46	40.3	46.5	55.8	41.1	43.9	42.2	41.9	48.5	53.8
Adj Net Profit ⓘ	145	44.7	-45.5	201	226	-246	37.5	-141	22.5	185	287
Cash Flow from Ops. ⓘ	502	-90.9	188	1,054	-355	-260	311	8.2	-37.3	518	-
Debt/CF from Ops. ⓘ	0.6	-5.5	2.8	0.1	-0.2	-1.9	0.7	19.9	-5.9	0	-

CAGR ⓘ

CAGR Colour Code Guide ⓘ

	9 Years	5 Years	3 Years	1 Years
Sales ⓘ	-1.7%	-5.6%	-2.8%	14.2%
Adj EPS ⓘ	2.7%	-3.9%	70.5%	722.7%
BVPSⓘ	-0.6%	-2.7%	3.5%	15.9%
Share Price	16.8%	60%	139.9%	347.6%

Key Financial Parameters ⓘ

Performance Ratio Colour Code Guide ⓘ

	Mar'15	Mar'16	Mar'17	Mar'18	Mar'19	Mar'20	Mar'21	Mar'22	Mar'23	Mar'24	TTM
Return on Equity % ⓘ	11.4	3.6	-4.1	18.1	17.3	-19.8	3.5	-12.8	2.1	16	21.9
Op. Profit Mgn % ⓘ	9.6	3.4	2.9	6.4	11	-5.3	4.9	-5.1	5	10.7	13.2
Net Profit Mgn % ⓘ	3.9	1.4	-1.1	4.7	5.4	-7.8	1.1	-4.6	0.8	5.9	8.4
Debt to Equity ⓘ	0.2	0.4	0.5	0.1	0.1	0.5	0.2	0.2	0.2	0	-
Working Cap Days ⓘ	410	428	382	394	389	522	469	505	540	469	140
Cash Conv. Cycle ⓘ	76	113	112	96	104	172	144	144	133	109	19

Recent Performance Summary

Return on Equity has increased versus last 3 years average to 21.90%

Net Profit is growing at healthy rate in last 3 years 70.53%

Sales growth is good in last 4 quarters at 17.78%

Sales growth has been subdued in last 3 years -2.83%

Latest Financials - GE Vernova T&D India Ltd.

	Standalone	Consolidated
TTM EPS (₹)	11.2	7.3
TTM Sales (₹ Cr.)	3,409	4,020
BVPS (₹.) ⓘ	53.8	0
Reserves (₹ Cr.) ⓘ	1,326	954
P/BV ⓘ	32.35	0.00
PE ⓘ	155.09	238.65

From the Market
52 Week Low / High (₹)	370.20 / 1984.00
All Time Low / High (₹)	2.30 / 1984.00
Market Cap (₹ Cr.)	44,566
Equity (₹ Cr.)	51.2
Face Value (₹)	2
Industry PE ⓘ	98.3

Management X-Ray of GE Vernova T&D India:

Shareholding Pattern

Promoter's Holding & Share Pledging

Pledged ^*

0.00

* Pledged shares as % of Promoter's holding (%)

Valuation of GE Vernova T&D India

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Dividend History

Analyst's Notes

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Key Ratios of GE Vernova T&D India

Standalone Basis Consolidated Basis

Adj EPS (Rs.)

Sales (Cr.)

ROE (%)

ROCE (%)

Profit And Loss

(All Figures are in Crores.)

Standalone Basis Consolidated Basis

PARTICULARS	Mar'15	Mar'16	Mar'17	Mar'18	Mar'19	Mar'20	Mar'21	Mar'22	Mar'23	Mar'24
Sales	3,711	3,303	4,052	4,332	4,219	3,159	3,452	3,066	2,773	3,168
Operating Expenses ⓘ	3,392	3,207	3,996	4,057	3,774	3,355	3,282	3,222	2,659	2,836
Manufacturing Costs	141	143	135	151	158	133	113	101	83	81
Material Costs	2,540	2,296	2,834	3,009	2,798	2,281	2,538	2,374	1,970	2,078
Employee Cost	346	365	403	388	383	420	402	410	354	374
Other Costs ⓘ	365	403	623	510	435	521	229	337	252	304
Operating Profit ⓘ	319	97	57	274	445	-196	170	-156	115	332
Operating Profit Margin (%)	8.6%	2.9%	1.4%	6.3%	10.5%	-6.2%	4.9%	-5.1%	4.1%	10.5%
Other Income ⓘ	24	152	141	240	58	60	66	93	40	23
Interest ⓘ	91	107	182	106	85	87	84	59	61	41
Depreciation ⓘ	82	86	88	90	83	78	66	58	55	50
Exceptional Items ⓘ	0	0	0	0	0	-54	3	110	-11	0
Profit Before Tax ⓘ	170	56	-73	319	335	-356	89	-69	27	263
Tax ⓘ	50	21	13	110	122	-53	29	-20	28	82
Profit After Tax	121	35	-87	209	213	-303	60	-50	-1	181
PAT Margin (%)	3.2%	1.0%	-2.1%	4.8%	5.0%	-9.6%	1.7%	-1.6%	-0.1%	5.7%
Adjusted EPS (₹)	4.7	1.4	-3.4	8.2	8.3	-11.8	2.4	-1.9	-0.1	7.1
Dividend Payout Ratio (%)	38%	134%	-53%	22%	22%	0%	0%	0%	0%	28%

Balance Sheet

(All Figures are in Crores.)

Standalone Basis Consolidated Basis

PARTICULARS	Mar'15	Mar'16	Mar'17	Mar'18	Mar'19	Mar'20	Mar'21	Mar'22	Mar'23	Mar'24
Equity and Liabilities
Shareholders Fund	1,312	1,178	1,033	1,190	1,428	1,051	1,123	1,080	1,073	1,243
Share Capital ⓘ	51	51	51	51	51	51	51	51	51	51
Reserves ⓘ	1,261	1,127	982	1,138	1,377	1,000	1,071	1,029	1,022	1,192
Minority Interest	0	0	0	0	0	0	0	0	0	0
Debt	217	504	518	100	81	490	221	163	220	0
Long Term Debt	0	0	0	0	0	0	0	0	0	0
Short Term Debt	217	504	518	100	81	490	221	163	220	0
Trade Payables	1,816	1,566	1,663	1,709	1,155	996	1,116	1,111	1,061	886
Others Liabilities ⓘ	1,765	1,404	2,587	2,568	2,482	2,537	2,524	2,312	2,243	2,434
Total Liabilities ⓘ	5,109	4,651	5,801	5,567	5,145	5,074	4,985	4,667	4,596	4,563
Fixed Assets
Gross Block	1,245	770	830	840	844	948	964	906	760	783
Accumulated Depreciation	558	86	174	254	332	410	470	457	347	390
Net Fixed Assetsⓘ	687	684	656	586	513	538	494	449	413	393
CWIP ⓘ	70	33	25	18	5	12	22	9	9	11
Investmentsⓘ	0	0	0	0	0	0	0	0	0	0
Inventories	693	972	1,120	1,026	634	649	580	623	644	589
Trade Receivables	2,148	2,067	2,271	1,799	2,020	1,899	1,905	1,563	1,551	1,438
Cash Equivalents	82	61	72	532	60	60	60	82	47	134
Others Assetsⓘ	1,430	834	1,657	1,606	1,913	1,916	1,924	1,941	1,932	1,998
Total Assets ⓘ	5,109	4,651	5,801	5,567	5,145	5,074	4,985	4,667	4,596	4,563

Cash Flow

(All Figures are in Crores.)

Standalone Basis Consolidated Basis

PARTICULARS	Mar'15	Mar'16	Mar'17	Mar'18	Mar'19	Mar'20	Mar'21	Mar'22	Mar'23	Mar'24
Cash Flow From Operating Activity ⓘ	502	-91	188	1,054	-355	-260	311	8	-37	518
PBT ⓘ	170	56	-73	319	335	-356	89	-69	27	263
Adjustment ⓘ	145	266	329	159	204	237	149	66	90	182
Changes in Working Capital ⓘ	255	-363	-45	714	-771	-74	92	35	-126	95
Tax Paid ⓘ	-67	-50	-23	-138	-123	-67	-20	-23	-28	-21
Cash Flow From Investing Activity ⓘ	-137	-50	-46	-305	287	-31	12	116	3	-172
Capex	-138	-50	-47	-11	-7	-32	14	-25	3	-30
Net Investments	0	0	0	-297	289	0	-2	-1	0	0
Others ⓘ	1	0	1	3	4	1	1	141	0	-143
Cash Flow From Financing Activityⓘ	-320	120	-131	-585	-114	290	-324	-102	9	-259
Net Proceeds from Shares ⓘ	0	0	0	0	0	0	0	0	0	0
Net Proceeds from Borrowing ⓘ	0	0	0	0	0	0	0	0	0	0
Interest Paid ⓘ	-68	-46	-86	-111	-40	-51	-41	-23	-31	-24
Dividend Paid ⓘ	-54	-55	-55	-55	-55	-56	0	0	0	0
Others ⓘ	-199	222	11	-418	-19	397	-283	-79	39	-235
Net Cash Flow ⓘ	45	-20	12	165	-183	0	-1	22	-26	87

Finance Ratio

Standalone Basis Consolidated Basis

PARTICULARS	Mar'15	Mar'16	Mar'17	Mar'18	Mar'19	Mar'20	Mar'21	Mar'22	Mar'23	Mar'24
Ratios
ROE (%)	9.42	2.77	-7.84	18.79	16.25	-24.41	5.55	-4.5	-0.14	15.64
ROCE (%)	15.68	9.98	6.75	29.9	29.99	-17.62	12.05	-0.84	6.96	23.97
Asset Turnover Ratio	0.75	0.71	0.82	0.77	0.79	0.62	0.69	0.64	0.6	0.69
PAT to CFO Conversion(x)	4.15	-2.6	N/A	5.04	-1.67	N/A	5.18	N/A	N/A	2.86
Working Capital Days
Receivable Days	209	222	186	169	165	226	201	206	205	172
Inventory Days	65	88	90	89	72	74	65	72	83	71
Payable Days	241	251	208	205	187	172	152	171	201	171

GE Vernova T&D India Ltd Stock News

GE Vernova T&D India Ltd FAQs

What is the share price of GE Vernova T&D India?

Company share prices are keep on changing according to the market conditions. The closing price of GE Vernova T&D India on 07-Nov-2024 00:00 is ₹1,769.9.

What is the market cap of GE Vernova T&D India?

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 07-Nov-2024 00:00 the market cap of GE Vernova T&D India stood at ₹44,566.2.

What is the P/E ratio of GE Vernova T&D India?

The latest P/E ratio of GE Vernova T&D India as of 07-Nov-2024 00:00 is 155.1.

What is the P/B ratio of GE Vernova T&D India?

The latest P/B ratio of GE Vernova T&D India as of 07-Nov-2024 00:00 is 32.35.

What is the 52-week high and low of GE Vernova T&D India?

The 52-week high of GE Vernova T&D India is ₹1,984 and the 52-week low is ₹370.2.

What is the TTM revenue of GE Vernova T&D India?

The TTM revenue is Trailing Twelve Months sales. The TTM revenue/sales of GE Vernova T&D India is ₹3,409 ( Cr.) .

About GE Vernova T&D India Ltd

With over 100 years of presence in India, GE T&D India (formerly ALSTOM T&D India Limited) is a leading player in the Power Transmission & Distribution business with a product portfolio ranging from Medium Voltage to Ultra High Voltage (1200 kV) for Power Generation, Utility, Industry and Infrastructure markets. Alstom T&D previously known as Areva T&D India, incorporated in 1957 as English Electric Company, is engaged in power transmission and distribution.

In 2004 Alstom T&D joined the AREVA group, to form AREVA T&D. In 2016 the name of the company was changed to GE T&D India as the firm was taken over by US giant General Electric. GE had made an open offer following its $16.9 billion bid to acquire the global energy assets of French multinational Alstom.

Today, GE T&D is the listed entity of GE’s Grid Solutions business in India. With over 100 years of presence in India, GE T&D India is a leading player in the power transmission and distribution business. The company has a predominant presence in all stages of the power supply chain and offers a wide range of products and related services that include power transformers, circuit breakers, gas insulated switchgears, instrument transformers, substation automation equipment, digital software solutions, turnkey solutions for substation engineering and construction, Flexible AC Transmission Systems (FACTS), High Voltage DC (HVDC) and maintenance support.

Business area of the company

The company provides a versatile and robust range of solutions for connecting and evacuating power from generations sources onto the grid, providing utilities with the tools needed to support the increase in demand swiftly. GE T&D India offers products ranging from medium voltage to ultra-high voltage (1200 kV) for power generation, transmission and distribution industry.

Product Portfolio

Transformers
High Voltage Switchgear
Turnkey Solutions
Power Electronics
Grid Automation
Services
Software Solutions

Awards and recognitions

2017-18: the service team was recognized as “Engineering Service Provider of the year” in the GMR - IGI Airport Awards 2017, for the operation and maintenance services provided by the Company at the Delhi International airport.
2018-19: Recognized by Sterlite Power for high quality and before time delivery of 400/220 kV GIS substation in Kashmir - part of NRSS29 project
2019-20: Customers experiencing the latest innovations in grid technology at GE’s booth during Gridtech 2019
2019-20: Awarded for ‘Outstanding Contribution in the field of IOT’ at IPPAI Power Awards 2019

Milestones

1878: Creation of Societe Alsacienne de Constructions Mécaniques (SACM) in France.
1918: Creation of English Electric Company Ltd. (later known as GEC) in the UK.
1928: SACM merges with Thomson-Houston, forming ALSTHOM SA.
1983: Acquisition of Compagnie Electro-Mécanique.
1986: Acquisition of Sprecher and Schuh's high and medium voltage activities.
1988: Acquisition of the Relays and Instrument Transformers divisions of Schlumberger Industrie. Merger with General Electric Company (GEC) creating GEC-ALSTHOM, later known as ALSTOM.
1996: Acquisition of Allegemeine Electricitäts-Gesellschaft.
1998: Acquisition of CEGELEC T&D.
2004: ALSTOM T&D joins the AREVA group, to form AREVA T&D.
2006: Acquisition of the RITZ Group bringing high voltage instrument transformer expertise.
2007: Acquisition of Passoni & Villa, a high voltage bushings manufacturer. Acquisition of VEI Power Distribution S.p.A., a medium-voltage equipment manufacturer.
2008: Acquisition of Nokian Capacitors Ltd, a Finnish manufacturer with Capacitor and Static VAr Compensator expertise.
2008: Acquisition of WALTEC, a Brazilian company specialized in dry-type transformers and low and medium voltage switchgear.
2009: Acquisitions of Powermann Limited and RB Watkins Inc reinforcing the global T&D Service offering.
2009: Acquisition of Nxtphase Limited strengthening AREVA T&D's technological position in the Instrument Transformer market.
2010: Areva T&D India has informed that the separation of its transmission and distribution business will be completed between June and September this year.
2011: Areva T&D India has entered into a memorandum of understanding (MOU) with Power Grid Corpoartion of India (PGCIL) to provide ultra high voltage technology for PCGIL’s upcoming 1,200 kV UHVAC national test station at Bina in Madhya Pradesh (MP).
2012: Alstom Group acquired AREVA T&D’s Transmission activities in June 2010. This changed the business name from AREVA T&D Ltd. to Alstom T&D Ltd.
2014: Alstom successfully completed tests on its high-voltage DC circuit-breaker prototype. The latest series of tests consisted of reproducing the conditions of real actual operational constraints for a high-voltage DC transmission grid.
2015-16: Flag-off of 1000th unit of 800kV Current Transformer from Hosur facility.
2016-17: The name of the company was changed to GE T&D India Limited from ALSTOM T&D India Limited, effective August 2, 2016, to reflect its name with that of Promoter group.
2017-18: The company was awarded a 400kV/220kV/132kV turnkey gas insulated substation order by Uttar Pradesh Power Transmission Corporation Ltd. (UPPTCL) at Lucknow Hardoi Road.
2017-18: The company won a contract from HPCL Mittal Energy (HMEL) for development of 400/66kV GIS MRSS (Main receiving substation) at HMEL Bhatinda refinery.
2018-19: The company won a substation order from Power Grid for evacuating 2500 MW of wind power, a part of Green Energy Corridor.
2019-20: The company has won 765 kV AIS S/S at Lakadia & 765 GIS S/S at Vadodara, turnkey projects from Sterlite
2019-20: The company has won the first 765 kV GIS S/S at Phagi in Rajasthan from PGCIL
2019-20: The company has won 765 kV AIS turnkey S/S at Khetri, Bikaner from Adani