GE Vernova T&D India LtdNSE:GVT&D
Current view Q4 2026
Grid-equipment maker in India's massive power build-out; orders booked equal ~3 years of sales and profit margins tripled. Management reliably under-promises and over-delivers. Strongest pick here.
Latest exchange filings last 5 · 5 after Q4 2026
- 17 Sep ’26Announcement under Regulation 30 (LODR)-Investor Presentation 17 Sep ↗
- 16 Sep ’26Intimation of Schedule of Analyst/Institutional Investor Call/Meet under Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 ↗
- 11 Sep ’26Shareholder Meeting / Postal Ballot-Outcome of AGM 11 Sep ↗
- 10 Sep ’26Shareholder Meeting / Postal Ballot-Scrutinizer''s Report 10 Sep ↗
- 10 Sep ’26Shareholders approved Sushil Kumar’s reappointment, Marco Simiano’s appointment, and Deloitte’s five-year auditor reappointment. ↗
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 | ▲ +42.0% | −3.8% | +30.8% | +12.4% |
| Operating profit | ▲ +76.6% | −2.2% | +129.6% | +48.5% |
| EPS | ▲ +88.7% | +20.9% | +490.0% | +82.8% |
| PAT | ▲ +89.3% | +21.0% | — | — |
Tinted rows drive the Tier. Tier = the weaker of YoY Sales and YoY PAT growth. Here the weaker is Sales at +42.0%, 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
Average50/100
Growing fast — and the market has noticed. Profit per share grew 60% a year, and buyers now pay more for each rupee of it than they did a year ago. Some of the re-pricing has already happened.
₹4,203 → ₹8,406 needs the P/E at 43× — it is 87× today, and has ranged 59× to 676× 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 64× — inside its 5-year range, under the 99× median.
Target capped at 60× — its 103× five-year average came from near-zero earnings.
At ₹2,890 the price-tag on its earnings reaches the 60× it is being projected toward — the point where being cheap against that yardstick is used up.
Growth rate is a one-off base reset — the score can't be trusted. Check next quarter.
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 ₹1,09,458 cr — size is the headwind here: a triple means the market finding ₹2,18,916 cr of new value.
Why the target is capped at 60×. This company averaged 103× over five years, but a multiple that high comes from near-zero earnings rather than from what buyers chose to pay — projecting a return to it would price in the collapse, not the recovery. 60× is what a 60% grower supports.
Growth rate used: 60.0% — the weakest of EPS / Sales / Op-profit from 3-year EPS CAGR, capped at 60%. Latest quarter reads 60%.
How it compares with its rivals Power · 6 of 46 listed
It earns 77% on its capital, more than any of them — the next best earns 30%, and it is the fifth most expensive of the 6 shown.
| Company | Price | P/E | Size | ROCE | Profitlast qtr | Saleslast qtr |
|---|---|---|---|---|---|---|
| GE Vernova T&D | ₹4,365 | 82.7× | ₹1.12 L Cr | 77.4% | +24.6% | +38.0% |
| A B B | ₹7,177 | 98.7× | ₹1.52 L Cr | 29.9% | +8.0% | +21.0% |
| B H E L | ₹431 | 61.8× | ₹1.50 L Cr | 9.1% | +182.7% | +40.3% |
| CG Power & Ind | ₹907 | 112.4× | ₹1.43 L Cr | 26.7% | +16.3% | +14.0% |
| Hitachi Energy | ₹31,983 | 119.7× | ₹1.43 L Cr | 29.4% | +123.5% | +68.6% |
| Siemens | ₹3,801 | 90.0× | ₹1.35 L Cr | 21.4% | −18.6% | +14.8% |
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? | wider, but it has moved around a lot | operating margin 7% → 25% over 3 years |
|---|---|---|
| Did the profit turn into cash? | more than all of it — reserves released cash too | 129% last year, 141% over three · free cash flow ₹1,521 cr, positive in 3 of 5 years |
| Is the growth borrowed? | essentially debt-free | ₹24 cr — 0.01× its own equity (was 0.02×) |
| Is it being collected? | collection is steady | 128 days to collect, up 3 in a year · cash cycle 90 days |
| Who has been buying? | the promoters have held steady | promoters 51.0%, 75.0% → 51.0% over 2.8 years · FIIs 22.9% (+8.4) · DIIs 18.5% (−8.3) · shareholders 39,717 → 1,38,122 |
| What does it earn on its capital? | earns a high return on the capital it employs | ROCE 77.4% · ROE 57.4% |
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 has reduced debt.
- Company is almost debt free.
- Company is expected to give good quarter
- Company has delivered good profit growth of 85.6% CAGR over last 5 years
- Company has a good return on equity (ROE) track record: 3 Years ROE 42.3%
- Company has been maintaining a healthy dividend payout of 23.4%
Against it
- Stock is trading at 41.8 times its book value
- Promoter holding has decreased over last 3 years: -24.0%
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.