CG Power and Industrial Solutions logo

CG Power and Industrial Solutions share price

NSE: CGPOWERBSE: 500093Electrical EquipmentLarge Cap

CG Power and Industrial Solutions Limited · Formerly Crompton Greaves · Face value ₹2 · Listed Apr 1967 on BSE, Mar 1995 on NSE
Last close ₹835.40up ₹2.15 (0.26%)BSE ₹835.00

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

52-week range of traded prices to 27 Oct 2026
₹525.50Low, 27 Jan 2026₹980.90High, 2 Jul 2026
Market cap
₹1,31,615 Cr88th largest listed
P/E
95.69
P/B
15.06
Dividend yield
0.16%
ROE
17.0%
ROCE
17.7%
Debt to equity
0.00
Volume, NSE
24,48,67731.8% delivered

CG Power and Industrial Solutions share price chart

Daily closes since Jan 2007, adjusted for splits and bonuses, with the demerger of Mar 2016 reinvested. Reinvested means the value of the shares of the company that was split off is treated as put back into this share at its opening price on the ex-date.

+14.7%over a year · Nifty 500 −8.8%

ResultsDividend20-session average 31,63,603 shares a day, 42.9% 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

  • In the quarter to Jun 2026, consolidated sales were ₹3,281 crore, up 14% from a year earlier, and profit after tax rose 16% to ₹308 crore, against ₹267 crore.16
  • In the year to Mar 2026, consolidated revenue was ₹12,418 crore, up 25%, and profit after tax rose 23% to ₹1,196 crore.17

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. 1. Annual report, 30 Jun 2026, page 21
  2. 2. Annual report, 30 Jun 2026, page 77
  3. 3. Annual report, 30 Jun 2026, page 166
  4. 4. Annual report, 30 Jun 2026, page 34
  5. 5. Annual report, 30 Jun 2026, page 193
  6. 6. Annual report, 30 Jun 2026, page 21
  7. 7. Annual report, 30 Jun 2026, page 35
  8. 8. Annual report, 30 Jun 2026, page 77
  9. 9. Annual report, 30 Jun 2026, page 37
  10. 10. Annual report, 30 Jun 2026, page 204
  11. 11. Annual report, 30 Jun 2026, page 52
  12. 12. Annual report, 30 Jun 2026, page 42
  13. 13. Annual report, 30 Jun 2026, page 78
  14. 14. Annual report, 30 Jun 2026, page 135
  15. 15. Annual report, 30 Jun 2026, page 26
  16. 16. Earnings call, 4 Jul 2026, page 3
  17. 17. Annual report, 30 Jun 2026, page 24
  18. 18. Annual report, 30 Jun 2026, page 51
  19. 19. Annual report, 30 Jun 2026, page 51
  20. 20. Annual report, 30 Jun 2026, page 25
  21. 21. Annual report, 30 Jun 2026, page 52
  22. 22. Annual report, 30 Jun 2026, page 41
  23. 23. Annual report, 30 Jun 2026, page 24
  24. 24. Annual report, 30 Jun 2026, page 77
  25. 25. Annual report, 30 Jun 2026, page 39
  26. 26. Annual report, 30 Jun 2026, page 34
  27. 27. Annual report, 30 Jun 2026, page 40
  28. 28. Earnings call, 4 Jul 2026, page 3
  29. 29. Earnings call, 4 Jul 2026, page 3
  30. 30. Annual report, 30 Jun 2026, page 25
  31. 31. Annual report, 30 Jun 2026, page 51
  32. 32. Annual report, 30 Jun 2026, page 40
  33. 33. Annual report, 30 Jun 2026, page 25
  34. 34. Exchange filing, 20 Aug 2026, page 1
  35. 35. Exchange filing, 17 Aug 2026, page 1
  36. 36. Earnings call, 4 Jul 2026, page 3
  37. 37. Earnings call, 4 Jul 2026, page 3
  38. 38. Annual report, 30 Jun 2026, page 51
  39. 39. Exchange filing, 8 Sep 2026, page 3
  40. 40. Exchange filing, 8 Sep 2026, page 1
  41. 41. Exchange filing, 29 Jan 2026, page 1
  42. 42. Exchange filing, 29 Jan 2026, page 2
  43. 43. Annual report, 30 Jun 2026, page 52
  44. 44. Annual report, 30 Jun 2026, page 140
Revenue growth, 12 months
+23.8%
Net profit growth, 12 months
+29.4%

Quarter to Sep 2026, against the quarter before

Revenue
₹3,802 Crup 15.87%
Net profit
₹409 Crup 32.70%
Net margin
10.8%

Revenue by quarter

₹2,516 CrDec 24₹2,753 CrMar 25₹2,878 CrJun 25₹2,923 CrSep 25₹3,175 CrDec 25₹3,442 CrMar 26₹3,281 CrJun 26₹3,802 CrSep 26
Peak revenue ₹3,802 Cr, quarter to Sep 2026; lowest ₹2,516 Cr, quarter to Dec 2024

Net profit by quarter, a loss in red

₹238 CrDec 24₹274 CrMar 25₹267 CrJun 25₹284 CrSep 25₹284 CrDec 25₹363 CrMar 26₹308 CrJun 26₹409 CrSep 26
₹ croreDec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 2026Sep 2026
Revenue2,5162,7532,8782,9233,1753,4423,2813,802
Net profit238274267284284363308409
Net margin9.5%10.0%9.3%9.7%8.9%10.6%9.4%10.8%
Consolidated. The last eight quarters. The latest is shaded. Net profit is the whole group's, the other owners of its subsidiaries included; P/E and ROE use the company's own share.

Business segments

Share of revenue, year to Mar 2026, consolidated.Segment revenue and profit

  • Industrial Systems₹6,747 Crup 5.82%54.3%
  • Power Systems₹5,138 Crup 46.40%41.4%
  • Semiconductors₹503 Cr4.0%
  • Others₹34 Cr0.3%
The pill is the change in revenue on the year before; the share is of all the businesses together.

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

Price to earnings

At or below today's level on 44% of 1,051 trading days since May 2022.

LowestHighest
Its median98.81Industry median32.64
Price to book

At or below today's level on 8% of 1,079 trading days over the last 5 years.

LowestHighest
Its median30.81Industry median5.36
Dividend yield

At or below today's level on 69% of 2,447 trading days over the last 10 years.

LowestHighest
Its median0.00%Industry median0.35%

Where the return came from

Yearly rates to Mar 2026, per-share figures restated for splits and bonuses.

OverReturn a yearEarnings growthChange in P/EDividend 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%
Return is price growth plus the average dividend yield. Change in P/E is (1 + price growth) / (1 + earnings growth) - 1, so the parts compound rather than add. Earnings growth and the change in P/E are left empty where earnings per share at either end of the window was a loss or is not on record. Earnings growth over 3 years includes one-off items (exceptional items and the result of businesses sold or closed) of more than a tenth of the profit of the year to Mar 2023.

Shareholding

Per cent of the company's shares, from the filing for Sep 2026.CG Power and Industrial Solutions shareholding pattern

Shareholding by group

  • Promoters56.34%
  • Foreign institutions11.08%
  • Indian institutions19.02%
  • Individuals and others13.55%
Holder
Tube Investments of India LimitedPromoter56.27%
NPS TRUST- A/C SBI PENSION FUND SCHEME - STATE GOVTProvident and pension funds3.65%
LIFE INSURANCE CORPORATION OF INDIAOther Indian institutions2.12%
M A MURUGAPPAN HOLDINGS LLP (Formerly, M A Murugappan Holdings Private Limited)Promoter0.02%
M.A.ALAGAPPANPromoter0.01%
M A M ARUNACHALAMPromoter0.01%
Holders are named in the company's own words: an insurer's holding can carry one of its funds' names. Mutual funds are left out here and listed fund by fund below.

Since Jun 2026: promoters −0.02 pts, foreign institutions −0.89 pts, Indian institutions +0.72 pts, mutual funds −0.49 pts.

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 time
3
Bought again
2
Added
104
Cut
70
Held unchanged
122
Sold out
10
Portfolios disclosed for Sep 2026. Weight is the holding as a share of the fund's assets.

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
Bought and sold count trades on the market only. A pledge is shares given to a lender as security for a loan; a lender invokes it by selling them.

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

Return on equity across, P/E up, size is market cap
Company
Bharat Heavy Electricals logoBharat Heavy ElectricalsBHEL1,39,24848.375.21+29.1%+415.4%11.3%10.7%0.35%
ABB India logoABB IndiaABB1,38,80046.4614.86––36.1%18.7%1.83%
Hitachi Energy India logoHitachi Energy IndiaPOWERINDIA1,26,563110.0224.45+40.2%+127.7%24.5%25.4%0.03%
Siemens logoSiemensSIEMENS1,18,92636.318.59−1.7%+33.7%25.0%11.7%0.54%
GE Vernova T&D India logoGE Vernova T&D IndiaGVT&D1,01,90778.0937.88+43.9%+70.6%58.5%63.5%0.25%
Siemens Energy India logoSiemens Energy IndiaENRIN1,01,27768.0621.05––34.3%39.2%0.14%
Suzlon Energy logoSuzlon EnergySUZLON50,75116.145.36+45.2%+50.2%40.4%27.4%0.00%
Thermax logoThermaxTHERMAX37,57463.326.77+4.7%−11.6%11.3%8.3%0.63%
Market cap in ₹ crore. Growth is the last twelve months against the twelve before. A figure is left empty where it would rest on a loss or the company has under a year of results on record. ROE is the shareholders' profit over their net worth. ROCE is profit before interest and tax over the whole group's net worth plus borrowings, as in the figures at the top of the page.

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

Mar 17Mar 18Mar 19Mar 20Mar 21Mar 221.5Mar 231.3Mar 241.3Mar 251.3Mar 26
Highest ₹1.50 a share, year to Mar 2023.
Ex-dateTypePer share
30 Jan 2026Interim₹1.30
21 Mar 2025Interim₹1.30
5 Feb 2024Interim₹1.30
15 Mar 2023Interim₹1.50
6 Feb 2015Interim₹0.40
22 Oct 2014Interim₹0.40
Latest payments, as declared, by ex-date.

Latest announcements

Routine notices left out.CG Power and Industrial Solutions announcements

CG Power and Industrial Solutions share price by year

Each calendar year to 2025.CG Power and Industrial Solutions share price history

YearClose at year endChangeHighest closeLowest close
2025647.90−11.0%792.20540.50
2024728.00+60.2%858.15424.60
2023454.40+68.1%473.25270.00
2022270.30+38.9%284.70159.60
2021194.55+333.8%194.9039.30
202044.85+315.3%51.354.90
201910.80−75.9%46.658.70
201844.85−51.7%97.9033.70
201792.80+56.5%94.4559.95
2016Demerger59.30−69.2%198.8044.00
₹ per share, adjusted for splits and bonuses since. Change is on the close at the end of the year before. With the demerger of 15 Mar 2016 reinvested, the change in 2016 is −9.6%.

Recent sessions

The 9 trading days to 26 Oct 2026, as traded on NSE; the latest is at the top of the page.

DateOpenHighLowCloseAverage priceVolumeDelivery
26 Oct 2026830.00834.50792.50833.25821.5841,80,36034.7%
23 Oct 2026803.95822.00772.25813.35803.1892,69,80237.1%
22 Oct 2026820.00830.65808.05817.10818.6216,76,33527.8%
21 Oct 2026857.00861.95812.65821.00826.1025,91,59146.4%
19 Oct 2026850.20865.50843.20855.00856.8239,63,72744.5%
16 Oct 2026818.00858.30808.55846.00834.8278,23,60750.8%
15 Oct 2026845.00846.05815.35818.00823.8049,43,00647.6%
14 Oct 2026854.00868.95850.10863.00861.2317,23,95945.5%
13 Oct 2026851.00854.60834.35854.00844.9124,86,63828.2%
Prices in ₹ per share as traded, not adjusted.

Price adjustments

What the price chart is corrected for, so it reads as one share held throughout.Bonus share history

Ex-dateEventPrice factorWhat happened
13 Feb 2019Price 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 2016Demerger0.3413Part 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 2016Price 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 2010Bonus0.5714Holders received 3 bonus shares for every 4 held.
Earlier prices are multiplied by the factor, so the chart reads as one share held throughout. Any other event is noted and not adjusted for.

Company details

Chairperson
Vellayan Subbiah
At the end of the quarter to Sep 2026
Managing director and CEO
Amar Kaul
At the end of the quarter to Sep 2026
NSE symbol
CGPOWER
BSE code
500093
ISIN
INE067A01029
Industry
Electrical Equipment
Former symbols
CROMPGREAV
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