CG Power & Industrial SolutionsNSE:CGPOWER
Current view Q4 2026
Riding a power-grid boom, winning big transformer orders including for US data centres, with capacity being multiplied several-fold and a new semiconductor bet. Cleaned-up, debt-free business; current management consistently delivers, though the turnaround is young.
Latest exchange filings last 5 · 5 after Q4 2026
- 16 Sep ’26The schedule of Investor/ Analyst one-to-one meet to be held on 25th September 2026. ↗
- 8 Sep ’26CG Power received stay on revised AY2022-23 tax demand of Rs. 215.59 crore, subject to Rs. 30 crore payment. ↗
- 4 Sep ’26CG rolled out first transformer from Sehore plant on 4 Sept 2026; 45,000 MVA capacity, Rs 792 crore investment. ↗
- 4 Sep ’26First transformer rolled out from Sehore greenfield plant on 4 Sep 2026; 45,000 MVA capacity to be phased. ↗
- 1 Sep ’26CG Power appoints Samit Khanna as Vice President-Consumer Products effective 1 September 2026. ↗
Exchange filings, with the company's own one-line summary, read off the same page as the figures. Screener publishes only the most recent few, so this is the last 5 — not everything filed since your note, and a quiet-looking list is not proof of a quiet quarter. A filing is marked new when it is dated after the end of the quarter your note covers. Not scored, and not a judgement — a routine repayment notice and a takeover sit in the same list.
AI concall report · Q4 2026
The full earnings-call read behind this view — what management promised, what they delivered, and the earning trigger.
Growth Q4 2026
| Metric | This year vs lastYoY · vs Q4 2025 | vs the quarter beforeQoQ, sequential · vs Q3 2026 | 3-year yearly average3Y CAGR · compounded | 5-year yearly average5Y CAGR · compounded |
|---|---|---|---|---|
| Sales | ▲ +25.0% | +8.4% | +21.2% | +33.2% |
| Operating profit | ▲ +34.3% | +17.4% | +12.7% | +0.9% |
| EPS | ▲ +30.3% | +28.2% | +6.7% | −4.6% |
| PAT | ▲ +32.5% | +27.8% | — | — |
Tinted rows drive the Tier. Tier = the weaker of YoY Sales and YoY PAT growth. Here the weaker is Sales at +25.0%, which is ≥ 20% → Tier 1.
QoQ is sequential, not a trend. For most Indian companies the March quarter is seasonally the largest, so a June-quarter fall against it is a calendar effect. Only the YoY column feeds the Tier.
Multibagger potential
Average56/100
Growing, but too slowly to re-price. Profit per share grew 7% a year. A big re-pricing usually needs more than 15% a year, so the score is capped no matter how cheap it looks.
₹865 → ₹1,730 needs the P/E at 185× — it is 112× today, and has ranged 17× to 141× over the last 5 years. The rest would come from earnings growing as they have.
What you pay for its profitlog scale · 5-year range
Tripling needs 277× — never traded above 141× in 5 years.
Re-rated already, on growth that doesn't fully back it.
How this is calculated
This is arithmetic, not a forecast — Return = ΔEPS × ΔMultiple. It says what would have to be true, not how likely it is, and "earnings keep growing at this rate for three more years" is the assumption doing the most work. This is a mega-cap at ₹1,34,181 cr — size is the headwind here: a triple means the market finding ₹2,68,362 cr of new value.
Band capped: growth of 6.7% is below the 15% bar a re-rate needs.
Growth rate used: 6.7% — the weakest of EPS / Sales / Op-profit from 3-year EPS CAGR. Latest quarter reads 30%.
How it compares with its rivals Power · 6 of 46 listed
It earns 27% on its capital, fourth of 6, and it is the second most expensive of the 6 shown.
| Company | Price | P/E | Size | ROCE | Profitlast qtr | Saleslast qtr |
|---|---|---|---|---|---|---|
| CG Power & Ind | ₹907 | 112.4× | ₹1.43 L Cr | 26.7% | +16.3% | +14.0% |
| A B B | ₹7,188 | 98.8× | ₹1.52 L Cr | 29.9% | +8.0% | +21.0% |
| B H E L | ₹432 | 61.9× | ₹1.50 L Cr | 9.1% | +182.7% | +40.3% |
| Hitachi Energy | ₹31,820 | 119.1× | ₹1.42 L Cr | 29.4% | +123.5% | +68.6% |
| Siemens | ₹3,801 | 90.0× | ₹1.35 L Cr | 21.4% | −18.6% | +14.8% |
| Siemens Ener.Ind | ₹3,146 | 73.3× | ₹1.12 L Cr | 67.8% | +67.8% | +39.3% |
Screener's own peer group, from the request already made for the industry P/E. It serves the industry's largest names by market cap, not companies of a similar size, so treat this as context rather than a like-for-like table; this company is always shown. On a phone the price, size and sales columns are dropped rather than pushed off the edge. Not part of the score.
Business quality to Jun 2026
| Are the margins widening? | slightly narrower than 3 years earlier | operating margin 14% → 12% over 3 years |
|---|---|---|
| Did the profit turn into cash? | most of it arrived as cash | 74% last year, 83% over three · free cash flow −₹72 cr, positive in 4 of 5 years |
| Is the growth borrowed? | essentially debt-free | ₹118 cr — 0.01× its own equity (was 0.01×) |
| Is it being collected? | collection is steady | 86 days to collect, up 12 in a year · cash cycle 48 days |
| Who has been buying? | the promoters have been selling | promoters 56.4% (−1.7 in a year), 58.1% → 56.4% over 2.8 years · FIIs 12.0% (−0.7) · DIIs 18.2% (+4.0) · shareholders 1,84,064 → 5,33,530 |
| What does it earn on its capital? | earns a high return on the capital it employs | ROCE 26.7% · ROE 20.5% |
Fetched from the filings, not typed — and deliberately not part of the score. These are the questions the score cannot ask: it reads growth, price and trend, so a company can score well while its profit never becomes cash. Weigh these beside the note, not against the number.
Screener's own checklist not mine, not the score
In its favour
- Company is almost debt free.
- Company has a good return on equity (ROE) track record: 3 Years ROE 30.2%
- Company has been maintaining a healthy dividend payout of 17.1%
Against it
- Stock is trading at 17.8 times its book value
- Working capital days have increased from 31.3 days to 69.8 days
Generated by screener.in from a fixed checklist — not written by me and not an input to the score. It is here as a second machine opinion to weigh against the note; where it disagrees with the view above, the note is the considered one.