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CGPOWER - Fundamental Analysis: Financial Health & Valuation

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Rating: 4

Last Updated Time : 19 Mar 26, 07:10 pm

Fundamental Rating: 4.0

Stock Code CGPOWER Market Cap 1,11,276 Cr. Current Price 706 ₹ High / Low 798 ₹
Stock P/E 92.2 Book Value 48.7 ₹ Dividend Yield 0.18 % ROCE 35.8 %
ROE 26.0 % Face Value 2.00 ₹ DMA 50 684 ₹ DMA 200 679 ₹
Chg in FII Hold -1.00 % Chg in DII Hold 1.26 % PAT Qtr 337 Cr. PAT Prev Qtr 307 Cr.
RSI 52.9 MACD 11.8 Volume 16,06,518 Avg Vol 1Wk 37,21,932
Low price 518 ₹ High price 798 ₹ PEG Ratio 2.99 Debt to equity 0.01
52w Index 67.4 % Qtr Profit Var 38.1 % EPS 7.60 ₹ Industry PE 33.0

📊 Financials

  • Revenue Growth: PAT improved from 307 Cr. to 337 Cr. (+38.1% QoQ)
  • Profit Margins: EPS at 7.60 ₹, modest relative to valuation
  • Debt Ratios: Debt-to-Equity 0.01, virtually debt-free
  • Cash Flows: Supported by strong industrial demand
  • Return Metrics: ROE 26.0%, ROCE 35.8% — excellent efficiency

💹 Valuation

  • P/E Ratio: 92.2 (extremely high vs Industry PE 33.0)
  • P/B Ratio: ~14.5 (premium, reflects market optimism)
  • PEG Ratio: 2.99 (suggests overvaluation relative to growth)
  • Intrinsic Value: Current price (706 ₹) above DMA 50 (684 ₹) & DMA 200 (679 ₹), showing technical strength

🏢 Business Model & Competitive Advantage

  • Leading player in power systems, transformers, and industrial solutions
  • Competitive advantage in scale, technology, and diversified portfolio
  • Debt-free balance sheet adds resilience
  • Valuation stretched despite strong fundamentals

📈 Entry Zone Recommendation

  • Entry Zone: 680–710 ₹ (near DMA support levels, RSI at 52.9)
  • Long-Term Holding: Attractive for investors seeking industrial exposure, but caution due to high valuation

✅ Positive

  • Strong ROCE (35.8%) and ROE (26.0%)
  • Debt-free balance sheet
  • DII holding increased (+1.26%)
  • Quarterly PAT growth (+38.1%)

⚠️ Limitation

  • Extremely high P/E ratio (92.2)
  • PEG ratio suggests overvaluation
  • EPS modest relative to market cap

📉 Company Negative News

  • FII holding decreased (-1.00%)
  • Valuation stretched far above industry average

📈 Company Positive News

  • DII holding increased (+1.26%)
  • Quarterly PAT improved significantly
  • Strong technical support above DMA levels

🏭 Industry

  • Industrial and power equipment industry growing with infrastructure demand
  • Industry PE at 33.0, CG Power trades at a steep premium

🔎 Conclusion

CG Power is a strong industrial player with excellent return ratios and a debt-free balance sheet. However, valuations are stretched with a P/E of 92.2 and PEG of 2.99, far above industry averages. Entry around 680–710 ₹ may be considered, and long-term investors can hold for efficiency-driven growth, while monitoring valuation risks and institutional activity.

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