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GE Power India Ltd

Company details

124.05
127.50
123.00
250.00
6M Return -7.41%
1Y Return -49.59%
Mkt Cap.(Cr) 844.04
Volume 3,802
Div Yield 0.00%
OI
-
OI Chg %
-
Volume 3,802

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GE Power India Ltd.

Q4FY22 Quarterly Result Announced for GE Power India Ltd.

GE Power India announced Q4FY22 results:

  • Q4FY22:
    • Total income for the quarter was Rs 6,188.7 million down by 34.2%, compared to Rs 9,411 million in Quarter Ended (QE) 31 March 2021.
    • Loss before exceptional items for the quarter at Rs 704.6 million against Profit before exceptional items of Rs 330.0 million in Quarter Ended (QE) 31 March 2021.
    • The loss for the quarter includes an exceptional item of Rs 749.2 million.
    • The Quarter Ended (QE) with Order backlog of Rs 37,761 million 
  • FY22:
    • Total income for the year ending 31 March 2022 was Rs 27,587.0 million down by 19.9% compared to Rs 34,446.9 million in year ended 31 March 2021
    • Loss before exceptional items for the year ended 31 March 2022 is Rs 1,482.5 million against profit before exceptional items of Rs 1,313.5 million in year ended 31 March 2021.
    • The loss for the year includes an exceptional item of Rs 1,452.1 million

Prashant Jain, Managing Director, GE Power India Limited said, “We had tough financial year due to Covid, inflation, customer delays and lower volume. That said, we continued to make progress on our strategy of improving the business mix. As a result, our steam Service business grew 17% in revenues and stable orders with better margins.

I am happy to share that Steam Services order intake has grown by 36% in fourth quarter. Despite delayed projects, the Services revenue is stable and is at the same levels as the same quarter last year.

The full year revenues have been impacted by lower order volume, we have improved cash management by reducing the borrowings and continued to right size meeting the changing market dynamics. The orders on FGDs have slowed in last couple of years, we expect growth in orders over next few years.

GE Power India Limited is uniquely positioned as India is actively responding to today’s energy transition, where coal will play a significant role. We have clearly defined a path to improve upon our execution challenges and continue to use Lean methodology to improve profitability from execution and convert orders. We have deep industry experience as well as dedicated and highly skilled team in engineering and project execution.”

 

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FINANCIALS

Sales

Operating Profit

Profit after Tax

Equity

Reserves and Surplus

Debt

Sales

Operating Profit

Profit after Tax

PE

Debt/Equity

P BV

COMPARISION

INSIDER & INSTITUIONAL ACTIVITY

Equity Capital: 675.82 Cr FV: 10.00

Period MF Net Purchase / (sold) FII Net
LAST 1M 17,871.26 -28,732.63
LAST 3M 35,065.84 -30,146.79
LAST 6M 57,360.50 38,576.46
LAST 12M 186,944.70 -113,961.48

INFORMATION

Stock PE (TTM)

0

Promoter Holding

68.58%

Book Value

74.9963

ROCE

-3.45%

ROE

-17.25%

Description

  • GE Power India Limited is one of the country’s leading energy players with sound capabilities in engineering, construction, manufacturing, procurement, and servicing power plants and power equipment. It manufactures and markets steam generators in India apart from aiding power supply and providing rail equipment solutions. The company, which has its headquarters in Bandra, Mumbai, was incorporated on 2 September 1992 as Asea Brown Boveri Management Limited. The market capitalisation of the company, as of 2 November 2022, stood at Rs 934 crore.

    The company is listed on both prominent stock exchanges in India—the National Stock Exchange (NSE) and the Bombay Stock Exchange (BSE) under the codes GEPIL and 532309, respectively.

    GE Power India Limited has manufacturing facilities in Durgapur, West Bengal, and Noida, Uttar Pradesh. It manufactures supercritical and ultra-supercritical power boilers. The company operates in several segments, including steam power, hydropower, gas power, coal power, mills, boilers, air quality control, and automation services. For the financial year 2021-2022, the company reported consolidated sales of Rs 2,620 crore but with a net loss of Rs 291 crore.

    The shareholding pattern of the company in September 2022 reflected that a 68.58% stake in the company was held by promoters, a 22.41% stake was held by retail investors, a 4.56% stake was invested in mutual funds, a 4.31% stake was held by other domestic institutions, and the remaining 0.14% stake was held by foreign institutional investors. The company’s management team comprises Mr Mahesh Shrikrishna Palashikar (chairman and non-executive director), Mr Prashant Chiranjive Jain (managing director), Mr Yogesh Gupta (whole-time director and CFO), Mr Arun Kannan Thiagarajan (independent and non-executive director), and Mr Uddesh Kumar Kohli (independent and non-executive director), among others.

    On 2 November 2022, GE Power India Limited’s shares were trading for Rs 140.65 per share at the NSE and Rs 139.59 per share at the BSE. GE Power India Limited’s 52-week high and 52-week low share prices at the NSE were Rs 299.05 and Rs 123.00, respectively. GE Power India shares have given a one-year return of -53.37%. The top peers of the company include Larsen & Toubro, Adani Ports, GMR Airports Infrastructure, and IRB Infrastructure Developers, among others.

    https://groww.in/stocks/ge-power-india-ltd

    https://www.moneycontrol.com/india/stockpricequote/power-transmissionequipment/gepowerindia/AP29

    https://www.edelweiss.in/quotes/equity/ge-power-india-ltd-20944?q=ge%20power%20india%20ltd&h=ge%20power%20india%20ltd

    https://www.icicidirect.com/stocks/irb-infrastructure-developers-ltd-share-price

    Disclaimer: ICICI Securities Ltd. (I-Sec). Registered office of I-Sec is at ICICI Securities Ltd. - ICICI Venture House, Appasaheb Marathe Marg, Prabhadevi, Mumbai - 400 025, India, Tel No : 022 - 6807 7100. I-Sec is a Member of National Stock Exchange of India Ltd (Member Code: 07730), BSE Ltd (Member Code: 103) and Member of Multi Commodity Exchange of India Ltd.(Member Code:  56250) and having SEBI registration no. INZ000183631. Name of the Compliance officer (broking): Ms. Mamta Shetty, Contact number: 022-40701022, E-mail address: complianceofficer@icicisecurities.com. Investments in securities market are subject to market risks, read all the related documents carefully before investing. The contents herein above shall not be considered as an invitation or persuasion to trade or invest. I-Sec and affiliates accept no liabilities for any loss or damage of any kind arising out of any actions taken in reliance thereon. Such representations are not indicative of future results. The securities quoted are exemplary and are not recommendatory. Investors should consult their financial advisers if in doubt about whether the product is suitable for them. The contents herein above are solely for informational purpose and may not be used or considered as an offer document or solicitation of offer to buy or sell or subscribe for securities or other financial instruments or any other product. Investors should consult their financial advisers whether the product is suitable for them before taking any decision. The contents herein mentioned are solely for informational and educational purpose.

Registered Address

Unit No 211-212 2ndFlr, The Capital G-Block PlotNoC-70, Mumbai, Maharashtra, 400051

Tel : 91-22-45407200
Email : in.investor-relations:ge.com
Website : http://www.alstomindiainvestorrelations.com

Registrar

Karvy Computershare Pvt Ltd

AGM Date (Month) : Aug
Face Value Equity Shares : 10
Market Lot Equity Shares : 1
BSE Code : 532309
NSE Code : GEPIL
Book Closure Date (Month) : Aug
BSE Group : B
ISIN : INE878A01011

ICICIdirect GE Power India Ltd FAQ

You can buy GE Power India Ltd shares through a brokerage firm. ICICIdirect is a registered broker through which you can place orders to buy GE Power India Ltd Share.
Company share prices and volatile and keep changing according to the market conditions. As of Feb 03, 2023 04:01 PM the closing price of GE Power India Ltd was ₹ 125.55.
Market capitalization or market cap is determined by multiplying the current market price of a company’s shares with the total number of shares outstanding. As of Feb 03, 2023 04:01 PM, the market cap of GE Power India Ltd stood at ₹ 844.04.
The latest PE ratio of GE Power India Ltd as of Feb 03, 2023 04:01 PM is 0
The latest PB ratio of GE Power India Ltd as of Feb 03, 2023 04:01 PM is 0.60
The 52-week high of GE Power India Ltd is ₹ 250.00 while the 52-week low is ₹ 123.00

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