CG Power and Industrial Solutions share price
NSE: CGPOWERBSE: 500093Electrical EquipmentLarge Cap
Share price at the NSE close on 27 Oct 2026. Previous close ₹833.25.
27 Oct: open ₹846.00, high ₹848.70, low ₹828.70
- Market capMarket capitalisation. Share price times the number of shares: what the whole company is worth at the day's price. The rank is by average market value over the six months to Jun 2026, among listed companies. Market capitalisation: how it is worked out
- ₹1,31,615 Cr88th largest listed
- P/EPrice to earnings, trailing. Market cap divided by the profit of the last twelve months (the latest four quarters, or two half years for a company that reports half-yearly) that belongs to the company's own shareholders, after the share of the other owners of its subsidiaries: what investors pay for each rupee of a year's profit. Price to earnings, trailing: how it is worked out
- 95.69
- P/BPrice to book. Market cap divided by the net worth that belongs to the company's own shareholders, its assets less everything it owes and less the other owners' share of its subsidiaries, on its latest balance sheet. Price to book: how it is worked out
- 15.06
- Dividend yieldDividend yield. Dividends paid per share in the twelve months to the day, as a percentage of the day's share price.
- 0.16%
- ROEReturn on equity. Profit over the last twelve months (the latest four quarters, or two half years for a company that reports half-yearly) that belongs to the company's own shareholders, as a percentage of their net worth, the money they have in the business. Net worth is the average of the latest balance sheet and the one a year before it.
- 17.0%
- ROCEReturn on capital employed. Operating profit after depreciation (revenue less operating expenses and depreciation, without other income and one-off items) as a percentage of all the money the business runs on: the whole group's net worth, the other owners of its subsidiaries included, plus borrowings. Lease liabilities are not counted: the results filings do not state them. The profit is over the last twelve months (the latest four quarters, or two half years for a company that reports half-yearly); net worth and borrowings are on the latest balance sheet.
- 17.7%
- Debt to equityDebt to equity. Borrowings divided by the whole group's net worth, the other owners of its subsidiaries included: rupees borrowed for each rupee of equity in the business. Lease liabilities are not counted: the results filings do not state them. From the balance sheet at the end of Sep 2026.
- 0.00
- Volume, NSEVolume. Shares traded on the last trading day; delivery is the part buyers kept rather than sold again the same day. Volume in the glossary
- 24,48,67731.8% delivered
About CG Power and Industrial Solutions
CG Power and Industrial Solutions Limited is a Mumbai-based engineering company that makes transformers, switchgear, electric motors, drives, railway systems and consumer electrical products, and radio-frequency (RF) semiconductor products.1 It sells to power utilities, the Indian Railways, equipment makers and channel partners, and to consumers, in India and abroad.21
It has 3 main business segments: Power Systems (transformers, switchgear and turnkey projects), Industrial Systems (motors, drives, railway products and consumer electrical goods) and Semiconductors (chip design, and chip assembly and testing).345 It has 22 manufacturing facilities in India and Europe, and its drives business has production units in India, Sweden and Germany.67
It was incorporated in 1937.8 In August 2024 it bought a 55.60% stake in G.G. Tronics India Private Limited, which makes railway signalling systems including Kavach, a system that stops trains from colliding.910 In the year to Mar 2026 its subsidiary Axiro bought the fabless (design-only) chip business of Renesas Electronics for ₹284.13 crore.11 Its subsidiary CG Semi opened an OSAT (outsourced semiconductor assembly and test) plant at Sanand, Gujarat, on 28 August 2025.12
It has been part of the Murugappa Group since November 2020, and its holding company, Tube Investments of India Limited, held 56.29% of its shares at the end of March 2026.61314 Vellayan Subbiah is chairman and Amar Kaul is managing director and CEO.15
CG Power and Industrial Solutions key points
Results
Business segments
- Power Systems. Consolidated revenue was ₹5,138 crore in the year to Mar 2026, against ₹3,510 crore a year earlier, and operating profit before interest and tax was ₹1,123 crore, against ₹668 crore.18
- Industrial Systems. Consolidated revenue was ₹6,747 crore in the year to Mar 2026, against ₹6,376 crore a year earlier, and operating profit before interest and tax was ₹625 crore, against ₹743 crore.19
- Motors. In the year to Mar 2026, the company said, its Industrial Systems division held about 38 to 39% of the market for LT (low-tension, or low-voltage) motors.20
- Semiconductors. Axiro, which designs radio-frequency and connectivity chips, had revenue of ₹502.54 crore and a loss before tax of ₹30.83 crore in the year to Mar 2026; CG Semi, the chip assembly unit, lost ₹80.28 crore before tax.2122
Where revenue comes from
- Export order bookings more than doubled in the year to Mar 2026; the largest order in the company's history was a ₹900 crore contract for power transformers for a hyperscale (very large, cloud computing) data centre in the United States.23
- On a standalone basis, exports were 4% of turnover in the year to Mar 2026, and the company serves customers in more than 50 countries.24
Plants and capacity
- At the end of March 2026, transformer capacity was 74,900 MVA (megavolt-amperes): 65,000 MVA for power transformers and 9,900 MVA for distribution transformers.25
- Low-voltage motors are made in Ahilyanagar and Goa and high-voltage motors in Bhopal; switchgear is made in Nashik and Chhatrapati Sambhajinagar, Maharashtra.2627
Order book
- The consolidated order backlog (orders received but not yet delivered) was ₹18,965 crore at the end of June 2026, 45% higher than a year earlier, after order intake of ₹5,211 crore in the quarter.28
- On a standalone basis, the Power Systems backlog was ₹14,434 crore at the end of June 2026, 59% higher than a year earlier, and the Industrial Systems backlog was ₹2,899 crore.29
Expansion and capital spending
- The company stated in its annual report for the year to Mar 2026 that its Madhya Pradesh transformer plant, estimated at ₹712 crore, would open in the quarter to Sep 2026 with 25,000 to 30,000 MVA, later 45,000 MVA; its documents give no outcome.3031
- The company stated in its annual report for the year to Mar 2026 that its board approved a ₹748 crore greenfield switchgear plant in December 2025 to double switchgear capacity, with a first phase from April 2027 and a second from April 2028.32
- The company stated in its annual report for the year to Mar 2026 that the G1 chip plant had a peak capacity of 0.5 million units a day, planned to reach 14.5 million chips a day with G2, together an estimated ₹7,600 crore project.33
Recent events
- On 20 Aug 2026 Axiro completed its purchase of Tosil Systems Private Limited, a chip design and embedded engineering services firm, for ₹16.44 crore.3435
- On 4 Jul 2026 CG Semi held the launch of commercial production at its G1 OSAT plant in Sanand.36
- On 4 Jun 2026 the company announced the commissioning of a second EHV (extra-high-voltage) switchgear plant at Nashik, adding 7,200 circuit breakers a year to 9,000, an 80% rise in capacity.37
- On 4 Jul 2025 the company raised ₹3,000 crore through a qualified institutions placement (new shares sold to large institutional investors), allotting 4,54,54,545 shares at ₹660 each.38
Litigation and regulatory matters
- In its exchange filing of 8 Sep 2026, the company said its appeal against a ₹2,15,59,04,546 income-tax demand for assessment year (the year income is assessed) 2022-23 was pending, with the demand stayed (not collected while the appeal is heard) on payment of 20%.3940
- In its exchange filing of 29 Jan 2026, the company said it had appealed to the Income Tax Appellate Tribunal against a ₹3,52,94,04,226 demand for assessment year 2018-19, stayed on payment of 20% in instalments.4142
- As of its annual report of 30 Jun 2026, investigations by the Central Bureau of Investigation, the Serious Fraud Investigation Office and the Enforcement Directorate into the company's and its subsidiaries' past affairs, and against its former promoters and directors, were in progress.43
- As of its annual report of 30 Jun 2026, the company had appealed to the Income Tax Appellate Tribunal against a final assessment order received in the year to Mar 2026, and had obtained a stay on the demand.44
Last updated
All 44 sources, each with its page
- 1. Annual report, 30 Jun 2026, page 21
- 2. Annual report, 30 Jun 2026, page 77
- 3. Annual report, 30 Jun 2026, page 166
- 4. Annual report, 30 Jun 2026, page 34
- 5. Annual report, 30 Jun 2026, page 193
- 6. Annual report, 30 Jun 2026, page 21
- 7. Annual report, 30 Jun 2026, page 35
- 8. Annual report, 30 Jun 2026, page 77
- 9. Annual report, 30 Jun 2026, page 37
- 10. Annual report, 30 Jun 2026, page 204
- 11. Annual report, 30 Jun 2026, page 52
- 12. Annual report, 30 Jun 2026, page 42
- 13. Annual report, 30 Jun 2026, page 78
- 14. Annual report, 30 Jun 2026, page 135
- 15. Annual report, 30 Jun 2026, page 26
- 16. Earnings call, 4 Jul 2026, page 3
- 17. Annual report, 30 Jun 2026, page 24
- 18. Annual report, 30 Jun 2026, page 51
- 19. Annual report, 30 Jun 2026, page 51
- 20. Annual report, 30 Jun 2026, page 25
- 21. Annual report, 30 Jun 2026, page 52
- 22. Annual report, 30 Jun 2026, page 41
- 23. Annual report, 30 Jun 2026, page 24
- 24. Annual report, 30 Jun 2026, page 77
- 25. Annual report, 30 Jun 2026, page 39
- 26. Annual report, 30 Jun 2026, page 34
- 27. Annual report, 30 Jun 2026, page 40
- 28. Earnings call, 4 Jul 2026, page 3
- 29. Earnings call, 4 Jul 2026, page 3
- 30. Annual report, 30 Jun 2026, page 25
- 31. Annual report, 30 Jun 2026, page 51
- 32. Annual report, 30 Jun 2026, page 40
- 33. Annual report, 30 Jun 2026, page 25
- 34. Exchange filing, 20 Aug 2026, page 1
- 35. Exchange filing, 17 Aug 2026, page 1
- 36. Earnings call, 4 Jul 2026, page 3
- 37. Earnings call, 4 Jul 2026, page 3
- 38. Annual report, 30 Jun 2026, page 51
- 39. Exchange filing, 8 Sep 2026, page 3
- 40. Exchange filing, 8 Sep 2026, page 1
- 41. Exchange filing, 29 Jan 2026, page 1
- 42. Exchange filing, 29 Jan 2026, page 2
- 43. Annual report, 30 Jun 2026, page 52
- 44. Annual report, 30 Jun 2026, page 140
Results
Consolidated; ₹ crore.CG Power and Industrial Solutions quarterly results
- Revenue growth, 12 monthsRevenue growth, 12 months. The last twelve months against the twelve before them. Left empty where the earlier figure was nought or a loss: growth out of a loss has no percentage.
- +23.8%
- Net profit growth, 12 monthsNet profit growth, 12 months. The last twelve months against the twelve before them. Left empty where the earlier figure was nought or a loss: growth out of a loss has no percentage.
- +29.4%
Quarter to Sep 2026, against the quarter before
- RevenueRevenue. The pill is the change in revenue against the quarter before: this period's figure divided by that one's, less one, in per cent.
- ₹3,802 Crup 15.87%
- Net profitNet profit. The pill is the change in net profit against the quarter before: this period's figure divided by that one's, less one, in per cent. Net profit in the glossary
- ₹409 Crup 32.70%
- Net marginNet margin. Net profit as a percentage of revenue: how much of each rupee of sales is left after every cost, interest and tax. Net margin in the glossary
- 10.8%
Revenue by quarter
Net profit by quarter, a loss in red
| ₹ crore | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 | Sep 2026 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 2,516 | 2,753 | 2,878 | 2,923 | 3,175 | 3,442 | 3,281 | 3,802 |
| Net profit | 238 | 274 | 267 | 284 | 284 | 363 | 308 | 409 |
| Net margin | 9.5% | 10.0% | 9.3% | 9.7% | 8.9% | 10.6% | 9.4% | 10.8% |
Year to Mar 2026, against the year before
- RevenueRevenue. The pill is the change in revenue against the year before: this period's figure divided by that one's, less one, in per cent.
- ₹12,418 Crup 25.32%
- Net profitNet profit. The pill is the change in net profit against the year before: this period's figure divided by that one's, less one, in per cent.
- ₹1,199 Crup 23.20%
- Net margin
- 9.7%
Revenue by year
Net profit by year, a loss in red
- Net profit
- Loss
The years either side of a change of basis do not compare. From the year to Mar 2019, the company's revenue for that year, ₹7,998 Cr, differs from its quarters added, ₹6,849 Cr. From the year to Mar 2023, the company reports a discontinued business.
| ₹ crore | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | 6,120 | 6,288what Revenue, Mar 2018, includes. This period's revenue includes excise duty of ₹99 crore, a tax on the goods the company makes that it collects and pays to the government. | 7,998 | 5,110 | 2,964 | 5,561 | 6,973 | 8,046 | 9,909 | 12,418 |
| Net profit | −491 | −1,166 | −507 | −2,167 | −394 | 913 | 963 | 1,428 | 973 | 1,199 |
| Net margin | −8.0% | −18.5% | −6.3% | −42.4% | −13.3% | 16.4% | – | – | 9.8% | 9.7% |
Business segments
Share of revenue, year to Mar 2026, consolidated.Segment revenue and profit
- Industrial SystemsIndustrial Systems, share of revenue. The segment's revenue as a percentage of the revenue of all the company's reported business segments together, leaving out eliminations between them and unallocated items.₹6,747 Crup 5.82%54.3%
- Power SystemsPower Systems, share of revenue. The segment's revenue as a percentage of the revenue of all the company's reported business segments together, leaving out eliminations between them and unallocated items.₹5,138 Crup 46.40%41.4%
- SemiconductorsSemiconductors, share of revenue. The segment's revenue as a percentage of the revenue of all the company's reported business segments together, leaving out eliminations between them and unallocated items.₹503 Cr4.0%
- OthersOthers, share of revenue. The segment's revenue as a percentage of the revenue of all the company's reported business segments together, leaving out eliminations between them and unallocated items.₹34 Cr0.3%
Valuation
Today, against the company's own history. Its history crosses a change of basis in the accounts in the years to Mar 2019 and Mar 2023: days before it are of the company before the change.CG Power and Industrial Solutions PE ratio and valuation
At or below today's level on 44% of 1,051 trading days since May 2022.
At or below today's level on 8% of 1,079 trading days over the last 5 years.
At or below today's level on 69% of 2,447 trading days over the last 10 years.
Where the return came from
Yearly rates to Mar 2026, per-share figures restated for splits and bonuses.
| Over | Return a year | Earnings growth | Change in P/E | Dividend yield |
|---|---|---|---|---|
| 1 year | +2.8% | +21.0% | −15.2% | 0.2% |
| 3 years | +29.9% | +6.7% | +21.5% | 0.2% |
| 5 years | +58.1% | – | – | 0.2% |
Mutual fund holdings
302 funds disclosed a holding for Sep 2026. What they did in Sep 2026, against each fund's month before. 144 of the 174 funds that added or cut are index funds, ETFs or arbitrage funds: an index fund or ETF holds what its index holds, and an arbitrage fund holds the share against a sale of its future. 1 more fund filed its first portfolio on record, holding it.All 302 funds holding CG Power and Industrial Solutions
- Bought for the first timeBought for the first time. Funds that held it at the month's end and had not held it in any month on record before.
- 3
- Bought againBought again. Funds that held it at the month's end, had not held it the month before, and held it in an earlier month.
- 2
- AddedAdded. Funds that held more shares than at the end of the month before.
- 104
- CutCut. Funds that held fewer shares than at the end of the month before.
- 70
- Held unchangedHeld unchanged. Funds that held the same number of shares as at the end of the month before.
- 122
- Sold outSold out. Funds that held it at the end of the month before and hold none at this month's end. Sold out in the glossary
- 10
| Fund | |||
|---|---|---|---|
| 89,00,000 | 5.65% | ₹760.2 Cr | |
| 66,54,255 | 2.87% | ₹568.4 Cr | |
| 61,87,781 | 1.67% | ₹528.6 Cr | |
| 57,67,343 | 1.63% | ₹492.6 Cr | |
| 51,01,605 | 0.87% | ₹435.8 Cr | |
| 49,55,792 | 1.51% | ₹423.3 Cr | |
| 45,09,667 | 0.72% | ₹385.2 Cr | |
| 40,31,877 | 0.48% | ₹344.4 Cr | |
| 35,49,843 | 1.14% | ₹303.2 Cr | |
| 34,25,040 | 0.87% | ₹292.6 Cr |
Promoter and insider buying and selling
Trades made since 28 Oct 2025.CG Power and Industrial Solutions insider trading
No promoter, director, key manager or employee bought or sold on the market.
- Promoters and promoter group: no market trade · 155 pledge filings of unclear kind
- Others: no market trade · 8 pledge filings of unclear kind
CG Power and Industrial Solutions competitors and peers
Heavy Electrical Equipment, 48 listed companies, priced on 27 Oct 2026. The table lists the 8 companies closest to CG Power and Industrial Solutions in market cap.Capital goods stocks
Where the company sits among the companies nearest its size
| Company | ||||||||
|---|---|---|---|---|---|---|---|---|
| 1,39,248 | 48.37 | 5.21 | +29.1% | +415.4% | 11.3% | 10.7% | 0.35% | |
| 1,38,800 | 46.46 | 14.86 | – | – | 36.1% | 18.7% | 1.83% | |
| 1,26,563 | 110.02 | 24.45 | +40.2% | +127.7% | 24.5% | 25.4% | 0.03% | |
| 1,18,926 | 36.31 | 8.59 | −1.7% | +33.7% | 25.0% | 11.7% | 0.54% | |
| 1,01,907 | 78.09 | 37.88 | +43.9% | +70.6% | 58.5% | 63.5% | 0.25% | |
| 1,01,277 | 68.06 | 21.05 | – | – | 34.3% | 39.2% | 0.14% | |
| 50,751 | 16.14 | 5.36 | +45.2% | +50.2% | 40.4% | 27.4% | 0.00% | |
| 37,574 | 63.32 | 6.77 | +4.7% | −11.6% | 11.3% | 8.3% | 0.63% |
Dividends
Per share, by the year it was paid for, and the latest payments.CG Power and Industrial Solutions dividend history
Dividend per share, ₹, restated for later splits and bonuses
Dividend per share. The dividends declared for the year, each restated to today's share count by the splits and bonuses after its own ex-date, added up. Dividend per share in the glossary| Ex-date | Type | Per share |
|---|---|---|
| 30 Jan 2026 | Interim | ₹1.30 |
| 21 Mar 2025 | Interim | ₹1.30 |
| 5 Feb 2024 | Interim | ₹1.30 |
| 15 Mar 2023 | Interim | ₹1.50 |
| 6 Feb 2015 | Interim | ₹0.40 |
| 22 Oct 2014 | Interim | ₹0.40 |
Latest announcements
Routine notices left out.CG Power and Industrial Solutions announcements
Oct 2026
26 Oct
23 Oct · Business
23 Oct · Business
23 Oct · Board meeting
23 Oct · Results
CG Power and Industrial Solutions annual report, year to Mar 2026
CG Power and Industrial Solutions share price by year
Each calendar year to 2025.CG Power and Industrial Solutions share price history
| Year | Close at year end | Change | Highest close | Lowest close |
|---|---|---|---|---|
| 2025 | 647.90 | −11.0% | 792.20 | 540.50 |
| 2024 | 728.00 | +60.2% | 858.15 | 424.60 |
| 2023 | 454.40 | +68.1% | 473.25 | 270.00 |
| 2022 | 270.30 | +38.9% | 284.70 | 159.60 |
| 2021 | 194.55 | +333.8% | 194.90 | 39.30 |
| 2020 | 44.85 | +315.3% | 51.35 | 4.90 |
| 2019 | 10.80 | −75.9% | 46.65 | 8.70 |
| 2018 | 44.85 | −51.7% | 97.90 | 33.70 |
| 2017 | 92.80 | +56.5% | 94.45 | 59.95 |
| 2016Demerger | 59.30 | −69.2% | 198.80 | 44.00 |
Recent sessions
The 9 trading days to 26 Oct 2026, as traded on NSE; the latest is at the top of the page.
| Date | Open | High | Low | Close | Average price | Volume | Delivery |
|---|---|---|---|---|---|---|---|
| 26 Oct 2026 | 830.00 | 834.50 | 792.50 | 833.25 | 821.58 | 41,80,360 | 34.7% |
| 23 Oct 2026 | 803.95 | 822.00 | 772.25 | 813.35 | 803.18 | 92,69,802 | 37.1% |
| 22 Oct 2026 | 820.00 | 830.65 | 808.05 | 817.10 | 818.62 | 16,76,335 | 27.8% |
| 21 Oct 2026 | 857.00 | 861.95 | 812.65 | 821.00 | 826.10 | 25,91,591 | 46.4% |
| 19 Oct 2026 | 850.20 | 865.50 | 843.20 | 855.00 | 856.82 | 39,63,727 | 44.5% |
| 16 Oct 2026 | 818.00 | 858.30 | 808.55 | 846.00 | 834.82 | 78,23,607 | 50.8% |
| 15 Oct 2026 | 845.00 | 846.05 | 815.35 | 818.00 | 823.80 | 49,43,006 | 47.6% |
| 14 Oct 2026 | 854.00 | 868.95 | 850.10 | 863.00 | 861.23 | 17,23,959 | 45.5% |
| 13 Oct 2026 | 851.00 | 854.60 | 834.35 | 854.00 | 844.91 | 24,86,638 | 28.2% |
Price adjustments
What the price chart is corrected for, so it reads as one share held throughout.Bonus share history
| Ex-date | Event | Price factor | What happened |
|---|---|---|---|
| 13 Feb 2019 | Price move | – | Between two trading sessions the price moved by a fifth or more. The company made an announcement in time for trading that day or the trading day before. Not adjusted for. |
| 15 Mar 2016 | Demerger | 0.3413 | Part of the business became a separate company. The factor is the opening price on the ex-date divided by the previous close. The chart shows earlier prices with the demerger reinvested. |
| 3 Feb 2016 | Price move | – | Between two trading sessions the price moved by a fifth or more. The company's board met on results that day or since the trading day before. Not adjusted for. |
| 8 Mar 2010 | Bonus | 0.5714 | Holders received 3 bonus shares for every 4 held. |
Company details
- NSE symbol
- CGPOWER
- BSE code
- 500093
- ISIN
- INE067A01029
- Industry
- Electrical Equipment
- Former symbols
- CROMPGREAV
- Website
- www.cgglobal.com
- CIN
- L99999MH1937PLC002641
- Corporate identity number, the registrar of companies' code for it
- Incorporated
- 1937
- Registered office
- One Unity Center, Plot no. 612 TPS-IV and Plot No. 613 TPS-IV, Senapati Bapat Marg, Prabhadevi West, Mumbai 400013, Maharashtra
- Share registrar
- Datamatics Business Solutions Ltd
- Keeps the register of shareholders and handles transfers and dividend payments