GE Vernova T&D India Limited
₹4,021.50-₹74.50 (-1.8%)
Last close · Data as of Oct 30, 2026
- Market cap
- ₹69,885 Cr
- P/E
- 76.0x
- EV / EBITDA
- 195.7x
- Revenue
- ₹4,292 Cr
- Net margin
- 5.7%
- ROCE
- 25.8%
Price chart
Technical chartScreen technicals →+31.4% over the last year
Daily closes.
Go deeper
Technical chart: candles, 9 moving averages, RSI, MACD and drawing tools
Performance
Price change over each period, before dividends.
- 1M
- -3.5%
- 3M
- -4.2%
- 6M
- -9.9%
- 1Y
- +31.4%
- 5Y
- +3,038.1%
52-week range
Day change -₹74.50 (-1.8%) from ₹4,096 to ₹4,022 · Last close Oct 30, 2026
Best weekday to invest, historically
The same weekly amount in GVT&D, bought on each weekday since 2021.
AI Summary
Indian StockStrengths1
- Maintains healthy dividend payout of 28.0%
Concerns1
- Valuation elevated — PE of 76.0x is 31% above peer average of 57.8x
Rule-based from financial data. Not advice.
About the company
Description not available.
- Sector
- Industrials
- Shares outstanding
- 25.6 Cr shares
- ISIN
- INE200A01026
- BSE code
- 522275
Key statistics
Screen fundamentals →Valuation, profitability, growth and solvency at the latest close; hover a label for its meaning.
Valuation
- Market cap
- ₹69,885 Cr
- P/E
- 76.0x
- P/B
- 33.5x
- EV / EBITDA
- 195.7x
- EV / Sales
- 21.9x
- P/S
- 22.1x
- Earnings yield
- 1.3%
- 52-week high
- ₹5,545.25
- 52-week low
- ₹2,552.75
Profitability
- Operating margin
- 10.5%
- Net margin
- 5.7%
- EBITDA margin
- 11.2%
- ROE
- 14.6%
- ROCE
- 25.8%
- ROA
- 5.1%
- Dividend payout
- 28.0%
- Tax rate
- 31.0%
- Other income, % of PBT
- 8.4%
Growth
- RevenueLatest stored company figure. It is not dated and can be a year behind the FY2025 statements; the Growth card lists each year.
- ₹4,292 Cr
- Revenue growth, 1YLatest stored company figure. It is not dated and can be a year behind the FY2025 statements; the Growth card lists each year.
- 35.5%
- Revenue CAGR, 5YLatest stored company figure. It is not dated and can be a year behind the FY2025 statements; the Growth card lists each year.
- 0.1%
- EBITDALatest stored company figure. It is not dated and can be a year behind the FY2025 statements; the Growth card lists each year.
- ₹354 Cr
- EBITDA growth, 1YLatest stored company figure. It is not dated and can be a year behind the FY2025 statements; the Growth card lists each year.
- 147.6%
- Net profit growth, 1YLatest stored company figure. It is not dated and can be a year behind the FY2025 statements; the Growth card lists each year.
- 235.9%
- Cash from operationsLatest stored company figure. It is not dated and can be a year behind the FY2025 statements; the Growth card lists each year.
- ₹518 Cr
- CFO growth, 1YLatest stored company figure. It is not dated and can be a year behind the FY2025 statements; the Growth card lists each year.
- -1500.0%
- Free cash flowLatest stored company figure. It is not dated and can be a year behind the FY2025 statements; the Growth card lists each year.
- ₹339 Cr
- Asset growth, 1YLatest stored company figure. It is not dated and can be a year behind the FY2025 statements; the Growth card lists each year.
- -2.6%
Solvency and efficiency
- Current ratio
- 1.38
- Debt / Equity
- 0.03
- Debt / Assets
- 0.01
- Debt / EBITDA
- 0.12
- Interest coverage
- 8.10
- Financial leverage
- 2.88
- CFO / Net profit
- 2.86
- Cash / Market cap
- 4.5%
- Cash per share
- ₹124.04
- Asset turnover
- 0.88
- Fixed asset turnover
- 7.90
- Capital intensity
- 0.13
- Debtor days
- 166 days
- Inventory turnover
- 3.54
- Cash conversion cycle
- 114 days
Where the revenue went
Of every ₹100 of FY2025 revenue, ₹14 was left as net profit.
| From | To | Amount |
|---|---|---|
| Sales | Expenses | ₹3,461 Cr |
| Sales | Operating profit | ₹831 Cr |
| Operating profit | Interest | ₹27 Cr |
| Operating profit | Depreciation | ₹47 Cr |
| Operating profit | Profit before tax | ₹757 Cr |
| Other income | Profit before tax | ₹62 Cr |
| Profit before tax | Tax and other | ₹212 Cr |
| Profit before tax | Net profit | ₹608 Cr |
Revenue and net profit
Revenue grew 35.5% in FY2025; net profit is the dashed line.
| Date | Revenue | Net profit |
|---|---|---|
| FY2021 | ₹3,452 Cr | ₹60 Cr |
| FY2022 | ₹3,066 Cr | -₹50 Cr |
| FY2023 | ₹2,773 Cr | -₹1 Cr |
| FY2024 | ₹3,168 Cr | ₹181 Cr |
| FY2025 | ₹4,292 Cr | ₹608 Cr |
Cash flows
FY2025: ₹904 Cr from operations, ₹409 Cr free after investment (dashed).
| Date | Operating cash flow | Free cash flow |
|---|---|---|
| FY2021 | ₹311 Cr | ₹323 Cr |
| FY2022 | ₹8 Cr | ₹124 Cr |
| FY2023 | -₹37 Cr | -₹34 Cr |
| FY2024 | ₹518 Cr | ₹346 Cr |
| FY2025 | ₹904 Cr | ₹409 Cr |
Growth
Latest fiscal year FY2025 (ending March): each figure with its change over the year before.
- Revenue
- ₹4,292 Cr+35.5%1Y
- Net profit
- ₹608 Cr+235.9%1Y
- Cash from operations
- ₹904 Cr
- Free cash flow
- ₹409 Cr+18.2%1Y
- Revenue CAGR, 5Y
- 0.1%
| Year | Revenue | Operating income | EBITDA | Net profit | CFO | FCF | ROE | Revenue growth 1Y | Net profit growth 1Y |
|---|---|---|---|---|---|---|---|---|---|
| FY2025 | ₹4,292 Cr | ₹831 Cr | — | ₹608 Cr | ₹904 Cr | ₹409 Cr | 34.3% | +35.5% | +235.9% |
Monthly returns
Month-by-month returns of GVT&D across the years, with the seasonal pattern.
Balance sheet
What the company owns and owes at the end of FY2025.
| Line | FY2025 |
|---|---|
| Liabilities and equity | ₹4,661 Cr |
| Equity capital | ₹51 Cr |
| Reserves | ₹1,722 Cr |
| Borrowings | ₹35 Cr |
| Other liabilities | ₹2,853 Cr |
| Assets | ₹4,661 Cr |
| Fixed assets | ₹379 Cr |
| Capital work in progress | ₹47 Cr |
| Investments | ₹0 Cr |
| Other assets | ₹4,234 Cr |
Market cap against peers
8 peers: same sector group, nearest by size.
P/E against peers
GVT&D trades at 76.0x earnings against a peer median of 38.3x (a 99% premium).
Peer comparison
Same-sector peers by market cap, with the median.
| Company | Market cap | P/E | P/B | ROE | EV/EBITDA |
|---|---|---|---|---|---|
| GE Vernova T&D India LimitedGVT&Dthis companyP/E ↑ premium | ₹69,885 Cr | 76.0x | 33.5x | 14.6% | 195.7x |
| Bharat Heavy Electricals Ltd.BHEL | ₹92,449 Cr | 171.0x | 3.7x | 1.0% | 69.4x |
| CG Power and Industrial Solutions LimitedCGPOWER | ₹91,571 Cr | 82.2x | 12.0x | 30.9% | 66.4x |
| HITACHI ENERGY INDIA LIMITEDPOWERINDIA | ₹76,230 Cr | 106.0x | 16.6x | — | — |
| Bharat Forge LtdBHARATFORG | ₹69,815 Cr | 51.3x | 6.3x | 16.6% | 27.9x |
| SUZLON ENERGY LTD.SUZLON | ₹66,218 Cr | 21.9x | 9.1x | 22.0% | 64.5x |
| Bharat Dynamics LimitedBDL | ₹55,747 Cr | 85.2x | 13.2x | 16.9% | 59.9x |
| JSW Infrastructure LimitedJSWINFRA | ₹55,472 Cr | 150.0x | 10.7x | 6.0% | 92.8x |
| APL Apollo Tubes LimitedAPLAPOLLO | ₹52,948 Cr | 115.0x | 16.7x | 15.7% | 69.1x |
| Peer median | — | 38.3x | 5.2x | 15.2% | 25.8x |
Year-to-date ROI
GVT&D since 1 January, against earlier years.
Historical volatility
GVT&D's day-to-day swings over 30, 60 and 180 days.
Financial statements
Income statement, balance sheet and cash flow as reported, in ₹ crore, grouped into plain-language lines.
Figures in ₹ crore as reported, fiscal years ending March, newest first; the trailing twelve months (TTM) last.
Operating margin by fiscal year
| Date | Operating margin |
|---|---|
| FY2021 | 5.0% |
| FY2022 | -3.0% |
| FY2023 | 4.0% |
| FY2024 | 10.0% |
| FY2025 | 19.0% |
| Line | FY2025 |
|---|---|
| RevenueSales | ₹4,292 Cr |
| Costs | |
| Interest | ₹27 Cr |
| Expenses | ₹3,461 Cr |
| Operating profitOperating Profit | ₹831 Cr |
| Other income and charges | |
| Profit before tax | ₹820 Cr |
| Tax | |
| Net profitNet Profit | ₹608 Cr |
| Per share |
| Line | FY2025 |
|---|---|
| Liabilities and equityTotal Liabilities | ₹4,661 Cr |
| Equity capitalEquity Capital | ₹51 Cr |
| Reserves | ₹1,722 Cr |
| Borrowings | ₹35 Cr |
| Other liabilitiesOther Liabilities | ₹2,853 Cr |
| AssetsTotal Assets | ₹4,661 Cr |
| Fixed assetsFixed Assets | ₹379 Cr |
| Capital work in progressCWIP | ₹47 Cr |
| Investments | ₹0 Cr |
| Other assetsOther Assets | ₹4,234 Cr |
| Line | FY2025 |
|---|---|
| Operating cash flowCash from Operating Activity | ₹904 Cr |
| Investing cash flowCash from Investing Activity | -₹495 Cr |
| Financing cash flowCash from Financing Activity | -₹69 Cr |
| Change in cashNet Cash Flow | ₹339 Cr |
Learn while you research
Academy chapters picked for GE Vernova T&D India Limited and the metrics on this page.
- 01 Taxes on Investments (India)LTCG, STCG, dividend tax, what every Indian investor needs.6 min read
- 02 Stock Valuation BasicsHow to think about what a fair price for a stock looks like.7 min read
- 03 Valuation Multiples ExplainedThis stock trades at a P/E of 76.0, learn when high multiples are justified.6 min read
- 04 Growth Investing35% revenue growth is in the top tier, learn how to value growth.7 min read
- 05 Business Cycles & StocksThese cyclical sectors win and lose in different macro phases.6 min read
- 06 Essential Stock RatiosP/E, P/B, EV/EBITDA, what they mean and when to use each.7 min read