GVPIL

GE Power India Limited

Power-sector services with OEM and third-party fleet maintenance and upgrades

Industrials›Capital Goods›Electrical Equipment›Heavy Electrical Equipment

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Key metrics

Price as of 2026-10-16

Stock price
₹638.80
Market cap
4,296 Cr
Stock P/E
15.8
P/B
7.37
Dividend yield
0.2%
ROE (FY26)
43.4%
ROCE (FY26)
48.2%
Operating margin (FY26)
19.5%
OCF / EBITDA (FY26)
180.9%

Full years shown; sign in free for the trailing twelve months. Learn about these metrics →

Price & valuation

Share price and valuation multiples (P/E, P/B and more) over time.

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What you need to know

GE Power India (GEPIL) provides services for power plants, centred on a "core services" business that also covers the non-GEPIL fleet, and is demerging its Durgapur manufacturing unit to JSW Energy.

Company snapshot

26thBy market cap

Ranked among 38 companies in Heavy Electrical Equipment.

What we see

Positives
  • ✓Net margin of 19.9% — the business keeps a healthy share of every rupee it earns.
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Statement tables · Consolidated

Switches quarterly, P&L, balance sheet, and cash flow. Key metrics and ratios stay on consolidated when available.

Amounts in ₹ Cr · tap + to expand rows

Quarterly results

Quarterly · ₹ Cr · tap + rows to expand

MetricSept 2023Dec 2023Mar 2024Jun 2024Sept 2024Dec 2024Mar 2025Jun 2025Sept 2025Dec 2025Mar 2026Jun 2026
Sales354 Cr456 Cr391 Cr430 Cr217 Cr317 Cr266 Cr287 Cr281 Cr386 Cr316 Cr309 Cr
Operating expenses (approx.)403 Cr471 Cr426 Cr460 Cr222 Cr329 Cr301 Cr299 Cr253 Cr261 Cr210 Cr264 Cr
EBITDA-49 Cr-15 Cr-36 Cr-29 Cr-5 Cr-12 Cr-35 Cr-12 Cr28 Cr125 Cr107 Cr45 Cr
OPM %-13.8%-3.2%-9.1%-6.9%-2.3%-3.7%-13.2%-4.3%10.0%32.4%33.7%14.5%
Other income10 Cr35 Cr79 Cr36 Cr27 Cr27 Cr10 Cr53 Cr26 Cr16 Cr19 Cr32 Cr
Interest18 Cr17 Cr15 Cr12 Cr9 Cr4 Cr2 Cr6 Cr6 Cr6 Cr4 Cr5 Cr
Depreciation5 Cr5 Cr5 Cr5 Cr4 Cr4 Cr4 Cr4 Cr3 Cr3 Cr3 Cr3 Cr
Profit before tax-62 Cr0.37 Cr26 Cr-10 Cr67 Cr-19 Cr197 Cr35 Cr35 Cr73 Cr115 Cr57 Cr
Tax %0.0%0.0%0.0%0.0%0.0%0.0%16.6%0.0%8.2%1.5%1.9%5.0%
Net profit-62 Cr0.37 Cr26 Cr-10 Cr67 Cr-19 Cr164 Cr35 Cr32 Cr72 Cr113 Cr54 Cr
EPS (₹)₹-9.20₹0.06₹3.86₹-1.42₹9.95₹-2.76₹24.43₹5.16₹4.81₹10.75₹16.84₹7.99

Profit & loss (annual)

Annual · last column is TTM · ₹ Cr · tap + to expand

MetricMar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026TTM
Sales2,041 Cr1,343 Cr1,903 Cr2,446 Cr3,343 Cr2,620 Cr1,796 Cr1,625 Cr1,047 Cr1,269 CrSign in free for the trailing twelve months
Operating expenses (approx.)1,999 Cr1,219 Cr1,724 Cr2,315 Cr3,193 Cr2,781 Cr2,124 Cr1,856 Cr1,117 Cr1,010 CrSign in free for the trailing twelve months
EBITDA42 Cr125 Cr179 Cr131 Cr150 Cr-160 Cr-329 Cr-231 Cr-70 Cr260 CrSign in free for the trailing twelve months
OPM %2.1%9.3%9.4%5.4%4.5%-6.1%-18.3%-14.2%-6.7%20.4%Sign in free for the trailing twelve months
Other income146 Cr135 Cr132 Cr125 Cr102 Cr138 Cr88 Cr141 Cr71 Cr115 CrSign in free for the trailing twelve months
Interest51 Cr24 Cr41 Cr49 Cr67 Cr82 Cr61 Cr67 Cr25 Cr22 CrSign in free for the trailing twelve months
Depreciation60 Cr51 Cr31 Cr66 Cr50 Cr44 Cr23 Cr20 Cr14 Cr12 CrSign in free for the trailing twelve months
Profit before tax26 Cr42 Cr146 Cr173 Cr99 Cr-291 Cr-331 Cr-171 Cr236 Cr259 CrSign in free for the trailing twelve months
Tax %109.6%37.1%48.4%51.2%29.0%0.6%-33.0%0.0%13.8%2.4%Sign in free for the trailing twelve months
Net profit-2 Cr27 Cr75 Cr85 Cr70 Cr-289 Cr-441 Cr-171 Cr203 Cr253 CrSign in free for the trailing twelve months
EPS (₹)₹-0.37₹3.96₹11.22₹12.58₹10.48₹-42.96₹-65.54₹-25.49₹30.20₹37.58Sign in free for the trailing twelve months
Dividend payout %————19.1%———0.0%0.0%Sign in free for the trailing twelve months
Sign in free for the trailing twelve months

The latest four quarters added up, next to each full year

Balance sheet

Annual · ₹ Cr · tap + rows to expand

MetricMar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Equity capital67 Cr67 Cr67 Cr67 Cr67 Cr67 Cr67 Cr67 Cr67 Cr67 Cr
Reserves760 Cr761 Cr815 Cr849 Cr904 Cr609 Cr165 Cr2 Cr249 Cr515 Cr
Borrowings————313 Cr371 Cr292 Cr102 Cr——
Other liabilities3,039 Cr3,085 Cr2,677 Cr2,453 Cr2,709 Cr2,411 Cr2,340 Cr2,410 Cr1,696 Cr1,556 Cr
Total liabilities3,867 Cr3,913 Cr3,559 Cr3,370 Cr3,993 Cr3,458 Cr2,864 Cr2,581 Cr2,012 Cr2,138 Cr
Fixed assets (net)350 Cr271 Cr151 Cr306 Cr283 Cr42 Cr41 Cr41 Cr35 Cr25 Cr
CWIP28 Cr9 Cr12 Cr5 Cr2 Cr2 Cr0.69 Cr4 Cr4 Cr3 Cr
Investments3 Cr3 Cr3 Cr3 Cr3 Cr10 Cr13 Cr19 Cr30 Cr46 Cr
Loans & advances——159 Cr58 Cr3 Cr0 Cr0 Cr0 Cr0 Cr450 Cr
Inventories354 Cr466 Cr180 Cr230 Cr200 Cr81 Cr88 Cr87 Cr88 Cr150 Cr
Trade receivables845 Cr948 Cr979 Cr1,327 Cr2,213 Cr2,395 Cr1,954 Cr1,699 Cr1,173 Cr762 Cr
Cash & bank849 Cr169 Cr112 Cr378 Cr219 Cr182 Cr213 Cr139 Cr438 Cr425 Cr
Other assets1,438 Cr2,046 Cr1,963 Cr1,063 Cr1,071 Cr746 Cr553 Cr592 Cr243 Cr278 Cr
Total assets3,867 Cr3,913 Cr3,559 Cr3,370 Cr3,993 Cr3,458 Cr2,864 Cr2,581 Cr2,012 Cr2,138 Cr

Cash flows

Annual · ₹ Cr · tap + rows to expand · last column includes FCF

MetricMar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Cash from operating activity430 Cr58 Cr-241 Cr-563 Cr-478 Cr49 Cr90 Cr173 Cr320 Cr469 Cr
Cash from investing-91 Cr-710 Cr223 Cr917 Cr63 Cr-8 Cr6 Cr-7 Cr54 Cr-436 Cr
Cash from financing-2 Cr-28 Cr-39 Cr-86 Cr254 Cr-79 Cr-48 Cr-240 Cr-66 Cr-47 Cr
Net cash flow337 Cr-679 Cr-57 Cr267 Cr-160 Cr-38 Cr48 Cr-74 Cr308 Cr-14 Cr
Free cash flow (OCF − Capex)405 Cr44 Cr-248 Cr-573 Cr-481 Cr45 Cr87 Cr167 Cr314 Cr467 Cr

Ratios

MetricMar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
ROCE %9.2%8.0%21.2%24.3%13.0%-19.9%-51.6%-61.3%82.2%48.2%
ROE %-0.3%3.2%8.5%9.2%7.3%-42.7%-189.5%-249.0%64.1%43.4%
Debtor days151257187198241333396382408219
Inventory days1332566150281422264570
Days payable537716250189156180202212270259
Cash conversion cycle-253-203-25811416621719618430
OCF / EBITDA %n.m.46.6%-134.9%-429.6%-317.8%————180.9%
OCF / EBITDA % (3 years)——71.4%-171.7%-278.6%n.m.————
Debt / equity————0.320.551.251.48——
Current ratio1.071.121.161.251.231.151.040.971.131.34
Net debt / EBITDA-20.00—-0.62-2.880.63————-1.64